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CBS News Many of us end up stanley cups throwing out food we think is past its prime - a habit that provid stanley becher es Food For Thought according to Tracy Smith: There are no hard-and-fast rules for food expiration dating. Most people don t want to take chances, so once food hits the printed expiration date, they simply toss it out. But tossing it out has become a problem in itself. It s been estimated that up to 40 percent of food produced in the U.S. goes right in the trash. I can be as picky as everybody else, says Janet Kalish, and she can afford to be. She s no vagrant - Kalish is a New York City high school te stanley quencher acher who got fed up with seeing supermarkets toss out good food. So for the past eight years she s been doing her shopping on the streets. She told Smith, I would say about 90 percent of what I eat is rescued food - food that comes from the garbage.And she doesn t need to look very hard. She showed Smith a pretty close to a perfect eggplant, and loaves of bread still warm. Even in a down economy, food is apparently still cheap and plentiful enough to waste. According to a recent estimate, Americans throw out $165 billion worth of food every year. That s about 20 pounds per person every month. And then there s the food that doesn t even make it to stores or homes: At farms across the country, tons of perfectly good produce is routinely plowed under. There are a number of reasons why crops are left in the field, sai Yqkt $250,000 Bail For 12-Year-Old Boy
NEW YORK AP 鈥?Ralph Lauren is closing stores, cutting jobs and focusing more on its most popular brands to try to reverse its declining fortunes.Shares of the fashion company tumbled 4 percent Tuesday.The chanclas yeezy changes are the first big moves from CEO Stefan Larsson, who replaced company founder Ralph Lauren in the role late last year. Lauren is still executive chairman and chief creative officer of the fashion and home decor business he created.The New York company, known for its polo shirts and pony logo, plans to close more t adidas yeezy han 50 stores, or about 10 percent of its total retail stores. It will let go approximately 1,000 of its 15,000 full-time employees, or almost 7 percent.It will focus more on its three best-selling brands 鈥?Ralph Lauren, Polo and Lauren 鈥?and devote fewer resources to its smaller ones, such as Chaps and RLX. Th adidas yeezy e company also hopes to produce its clothing faster, cutting six months from the production process to make it nine months.Ralph Lauren expects the restructuring to save it between $180 million and $220 million a year. That s on top of $125 million in cost cuts from last year. It expects to incur restructuring charges of up to $400 million for the year and inventory-related charges of up to $150 million.For the current quarter, it expects revenue to fall in the mid-single digits and fall in the low double digits for the year.Shares of Ralph Lauren Corp. fell $4.12, or 4.3 percent, to $92.21 in morning trading Tuesday. Its shares are down about 30 per |
