Kith opened a new flagship store in Seoul, South Korea. The four-story store opened on May 31st and will carry Kith’s in-house and multi-brand ready-to-wear apparel, accessories, and footwear for men, women, and kids, and will include an in-shop Kith Treats bar and a Sadelle’s restaurant.
Since we talk about the exchange rate so often and affect on your business and/or your trip between Japan and US, let's go through the meanings behind what is a strong /weak Japanese yen?
A strong yen refers to a state where the relative value of the yen against other currencies is high. In other words, when the yen is strong, more units of other currencies can be exchanged per unit of yen. Conversely, a weak yen refers to a state where the relative value of the yen against other currencies is low (fewer units of other currencies can be exchanged per unit of yen).
For example, a Japanese tourist converts 10,000 yen to U.S. dollars for shopping in Hawaii. When the exchange rate is 1 USD = 100 JPY, the tourist will receive 100 U.S. dollars, which is calculated by dividing 10,000 by 100. However, if the exchange rate is 1 USD = 80 JPY, the tourist will receive 125 U.S. dollars (10,000 divided by 80). Furthermore, if the exchange rate is 1 USD = 125 JPY, the tourist will receive 80 U.S. dollars (10,000 divided by 125). When the exchange rate is 1 USD = 80 JPY, more U.S. dollars can be obtained for the same amount of yen than when the rate is 1 USD = 100 JPY, which indicates a stronger yen. In contrast, when the exchange rate is 1 USD = 125 JPY, fewer U.S. dollars can be obtained for the same amount of yen than when the rate is 1 USD = 100 JPY, which indicates a weaker yen.
After surprising shakes occurred in New York City in early April, it seems continuing shakes around the world. Now big ones in Taiwan.
An aftershock is usually a smaller earthquake that follows a larger one in the same general area. Aftershocks are typically minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.
But aftershocks can occur days, weeks or even years after the first earthquake and these events can be of equal or larger magnitude to the initial earthquake, and they can continue to affect already damaged locations.
What should I do DURING an earthquake?
● If you are INDOORS -- STAY THERE! Get under a desk or table and hang on to it (Drop, Cover, and Hold on!) or move into a hallway or against an inside wall. STAY CLEAR of windows, fireplaces, and heavy furniture or appliances. GET OUT of the kitchen, which is a dangerous place (things can fall on you). DON'T run downstairs or rush outside while the building is shaking or while there is danger of falling and hurting yourself or being hit by falling glass or debris.
● If you are OUTSIDE -- get into the OPEN, away from buildings, power lines, chimneys, and anything else that might fall on you.
● If you are DRIVING -- stop, but carefully. Move your car as far out of traffic as possible. DO NOT stop on or under a bridge or overpass or under trees, light posts, power lines, or signs. STAY INSIDE your car until the shaking stops. When you RESUME driving, watch for breaks in the pavement, fallen rocks, and bumps in the road at bridge approaches.
● If you are in a MOUNTAINOUS AREA -- watch out for falling rock, landslides, trees, and other debris that could be loosened by quakes.
● If you are near the OCEAN - see these safety rules from NOAA's Tsunami Warning Center.
A magnitude-4.8 earthquake rumbled through the northeastern United States at 10:23 a.m. on Friday, according to the United States Geological Survey, sending tremors from Philadelphia to Boston and jolting buildings in Manhattan and throughout the five boroughs.
The U.S.G.S. reported that the earthquake’s epicenter was near Whitehouse Station, N.J., about 40 miles west of New York City. The agency estimated the depth of the bedrock rupture at 2.9 miles. In nearby Lebanon, N.J., china plates rattled in diners and frightened residents darted into streets to find trees, cars and the ground shaking.
The earthquake was not a rarity for the New York area — numerous small temblors go unnoticed every year, geologists say — but its strength and intensity unsettled a region more accustomed to flooded roadways and snow-covered sidewalks than trembling walls.
Several minor aftershocks were reported in New Jersey in the hours afterward, including one with a magnitude of 2.2 that struck at 1:32 p.m. near the original quake’s epicenter, according to the U.S.G.S.
text The New York Times
