Nike founder Phil Knight recently donated $3 million to the Bring Balance to Salem PAC, a Republican political action committee in Oregon, representing his largest single contribution to Republican causes in the state. This donation, reported by Willamette Week, brings the PAC’s cash on hand to $3.93 million. With an estimated net worth exceeding $31 billion, Knight’s increased financial support for Republicans, including past donations to Republican candidates and campaigns, could significantly influence the state’s legislative balance, particularly as he has expressed frustration with the state’s Democratic leadership in the past.
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Nike co-founder Phil Knight recently donated $3 million to the Bring Balance to Salem PAC, aiming to elect Republicans to the Oregon Legislature, representing his largest single political contribution in the state. This donation significantly boosted the PAC’s cash reserves, bringing the total to $3.93 million. Knight’s support for the PAC reflects his ongoing effort to diminish the Democratic supermajorities in the Oregon Legislature, a trend he began in 2022 with substantial donations. Previously, Knight also contributed to candidates like Betsy Johnson and Christine Drazan during the 2022 election cycle.
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In response to new tariffs, Nike will raise prices on many adult apparel and footwear items starting as early as this week, with increases ranging from $2 to $10 depending on the product. Footwear priced above $100 will see a $5-$10 increase, while children’s products and certain items like the Air Force 1 will remain at their current prices. This pricing adjustment, affecting a significant portion of Nike’s product line, is attributed to the company’s seasonal planning and comes as the footwear industry grapples with the impact of recently imposed tariffs. Nike manufactures a large portion of its footwear in countries now subject to these tariffs.
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Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud. Let’s dissect this shocking headline that has taken over the news cycle. It’s quite a perplexing story, isn’t it? How on earth did this individual manage to land a high-profile job at Nike after being terminated from Facebook for committing fraud worth millions of dollars? It seems like a tale straight out of a movie, with twists and turns that leave you questioning the integrity of corporate hiring practices.
The fact that she was able to continue her fraudulent activities at another major company raises many red flags about the thoroughness of background checks and screening processes in the corporate world.… Continue reading
John Q. Hosedrinker