Grind for March 6th, 2019
“The only way you can write the truth is to assume that what you set down will never be read.”
– Margaret Atwood
Amazon wants to open its own grocery chain
As announced last Friday, Amazon is planning to open a brick-and-mortar grocery chain.
Share prices of Walmart and Kroger immediately dropped 1.1% and 4.5% respectively. Amazon’s share price jumped 2%.
Amazon is the largest online retailer in the United States, but is still second fiddle to Walmart – which is ranked by Forbes as the largest retailer in the world.
Last year, Walmart ramped up the competition with Amazon by announcing plans to purchase the Indian e-commerce company Flipkart for $16 billion.
The same year, Amazon acquired Whole Foods for $13 billion.
Amazon’s plans to open a grocery chain are separate from Whole Foods and from Amazon Go (a small chain of high-tech stores without cashiers).
For its new stores, Amazon is looking at leases ending soon and is considering purchasing regional chains. According to officials, some leases have already been signed.
The first stores are expected to open later this year in San Francisco, Chicago, Seattle, Philadelphia, and Washington, DC.
White House offers $1 million for information on Hamza bin Laden
The US State Department is offering a reward of $1 million for information leading to the whereabouts of Hamza bin Laden, who appears to be taking charge of al-Qaeda.
In recent videos posted online, Hamza has called for “revenge” on the US for the death of his father, Osama bin Laden.
Osama founded al-Qaeda in 1988 and was directly involved in several mass killings, including the 9/11 attack on the World Trade Center. He was killed by US Navy SEALS in May 2011.
Hamza’s involvement in terrorist activity landed him on the US blacklist in 2017. Last week, he was added to the UNSC sanctions list and stripped of his citizenship rights by the Saudi Arabian government.
Hamza, 30, is married to the daughter of Mohammed Atta (the lead hijacker in the 9/11 attacks).
Letters obtained from Osama’s hideout in Pakistan suggest Mohammed had been preparing Hamza to one day replace him as leader of al-Qaeda.
And while al-Qaeda has taken a backseat to ISIS in recent years, it should still be considered a threat.
“Al-Qaeda has been relatively quiet,” but “this is a strategic pause, not a surrender,” explains Nathan Sales, a counter-terrorism expert at the State Department. “Make no mistake, al-Qaeda retains both the capability and the intent to hit us.”
Reports suggest al-Qaeda has about 30,000 active fighters.
GOOD TO THE LAST DROP:
Did you know… A domestic cat can sprint at about 31 miles per hour.