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  • Trump tariffs target ‘Made in USA’ cowboy boots

    Trump tariffs target ‘Made in USA’ cowboy boots


    OUDTSHOORN:

    The manufacture of iconic “made in the USA” cowboy boots is set to suffer from President Donald Trump’s 30-percent tariffs on South African exports that came into force in August.

    Texas’s most renowned makers of the southern US fashion staple source the ostrich leather they require exclusively from the small South African town of Oudtshoorn, 400 kilometres (250 miles) east of Cape Town.

    Known as the world’s “ostrich capital”, Oudtshoorn is nestled in the semi-arid Little Karoo valley just inland from the southern coast and is home to a few hundred thousand people and about as many of the giant flightless birds.

    “We just don’t know how bad the impact will be, but positive it wouldn’t be,” said ostrich farmer Laubscher Coetzee of the tariffs that kicked in after South Africa appeared unable to negotiate a new trade deal with Trump.

    More than half of the global supply of ostrich-derived products — from feathers to leather and meat — comes from nearly 200 farmers around Oudtshoorn who are joined in the Cape Karoo International (CKI) group, said its managing director Francois de Wet.

    South Africa as a whole supplies about 70 percent of the world’s production, he said.

    Luxury handbag manufacturers in France and Italy are among the CKI’s main clients. It also ships 20 percent of its ostrich leather to top Texas bootmakers such as Lucchese, Justin and Rios of Mercedes, whose boots are sold at several hundreds of dollars a pair.

    Ostrich is “an extremely important leather in our industry”, Ryan Vaughan, CEO of the Rios of Mercedes manufacturer, told AFP.

    “It’s very resilient, it forms to the foot,” he said, wearing a typical cowboy hat. Coming from “a long line of cattle ranchers”, his family brand was born in Texas in 1853 and employs 250 people.

    The tariffs “would make a dramatic impact in our business and in the western industry,” he said, “because it’s not just us that build a lot of cowboy boots out of ostrich leather”.

    It is also the case of Tony Lama, an El Paso bootmaker supplied by CKI that has given a pair to every recent Republican president. Donald Trump received cowboy boots emblazoned with “MAGA” made out of “American alligator” skin, according to a press release.

    De Wet from the CKI said he believed the South African supply of ostrich leather to the US manufacturers did not run counter to a push by the Trump administration for production to be brought home.

    The United States did not have enough ostriches to provide the required leather, he said.

    “We export the raw material, the ostrich leather. They can’t produce it from local ostriches in the US. They don’t have them,” he told AFP.

    “They do all the value-adding in the United States,” he said. “So therefore, in terms of the pure definition of what the Trump administration would like to see, in this case, we do it already.”

    The soft skins, recognisable by spots left by the large ostrich feathers, are currently sold to American manufacturers for around $20 a square foot.

    “We exported more than the usual volume of ostrich leather to the US in the past two-three months, so we have a little bit of a buffer,” said de Wet.

    “For the moment we don’t expect any layoffs in the short term,” he said. But “in the long term, if we have to pick up the full tariff, it will definitely… cause a shrinkage of our business.”

    The consumer could also not be expected to pay an extra 30 percent for the already pricey boots, he said.

    “So the tariff will have to be split between the exporter… and the importer, and preferably also a part paid by the end consumer.”

    It is the unique climate of the Little Karoo, which gets less than 400 millimetres (nearly 16 inches) of rain a year, that makes it ideal for ostrich rearing, said Coetzee, a fourth-generation Oudtshoorn farmer.

    “That is the reason the ostrich industry is still here 200 years after (it started),” he said.

    His great-grandfather built the family home in 1896, when the price of ostrich feathers rivalled that of gold because of their value to the women’s fashion industry.

    The extravagant “ostrich palaces” of the time are a reminder of the industry’s previous major crisis, when the market collapsed in the early 1900s as the arrival of the low-roofed motor car ended the fashion for high-feathered hats.

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  • Monocle Radio highlights: Chef Luke Dale-Roberts, Finland’s ‘ugliest building’ and Meta’s latest smart sunglasses

    Monocle Radio highlights: Chef Luke Dale-Roberts, Finland’s ‘ugliest building’ and Meta’s latest smart sunglasses




    Monocle Radio highlights: Chef Luke Dale-Roberts, Finland’s ‘ugliest building’ and Meta’s latest smart sunglasses – Monocle














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    Chef Luke Dale-Roberts on Cape Town’s booming restaurant scene, we head to Finland to hear the story behind the “ugliest building in Oulu” and we review Meta’s latest smart sunglasses.

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    What We Learned: a cure for sleep apnoea, Korean propaganda war and the National Guard goes to Washington

    A round-up of the week’s news with Andrew Mueller. This week, North Korea ceases cross-border broadcasts, the National Guard goes to Washington and can a conch shell cure sleep apnoea?

    Highlights from Monocle Radio

    We hear from UN high commissioner on human rights Volker Türk; author James Bloodworth tells us about his new book, ‘Lost Boys’; and we lift the lid on an exhibition exploring Japan’s capsule toys. 

    What We Learned: Candace Owens, a rodent rumour and the marimba world record

    A look back at the week’s news with Andrew Mueller. This week, Candace Owens speaks out again. Plus: mice might have eaten the contents of Iraq’s national treasury. And: the new marimba world record.

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  • Guselkumab Improves Symptoms, Stigmatization with Long-Term Use for Psoriasis

    Guselkumab Improves Symptoms, Stigmatization with Long-Term Use for Psoriasis

    Long-term guselkumab use may improve skin symptoms, sexual impairment issues, and feelings of stigmatization in those with psoriasis, new data suggest.1

    These findings from the G-EPOSS study were recently published in the Journal of Dermatology and authored by such investigators as Sascha Gerdes, MD, of the Department of Dermatology at the University Medical Center Schleswig-Holstein, Campus Kiel in Germany. Gerdes and colleagues highlighted that issues related to sexual impairment can be experienced by more than half of all patients with psoriasis, especially those with anogenital psoriasis.2

    Additionally, the investigative team noted that perceived stigmatization is often experienced by an even greater number of patients, in turn exacerbating mental health issues and decreasing well-being.3

    “The G-EPOSS study aims to evaluate the long-term effectiveness of guselkumab for improving psoriasis, HRQoL, sexual impairment, and perceived stigmatization outcomes in patients with moderate-to-severe plaque psoriasis in routine clinical practice,” Gerdes and coauthors wrote.1,4 “Primary endpoint findings were previously published; here, we present key secondary endpoints from the final week (W)76 data cut, reporting outcomes across diverse patient subgroups.”

    G-EPOSS Trial Design

    The investigative team highlighted the design of G-EPOSS, noting that the study was an observational, prospective, multi-center investigation carried out in Germany. The team focused their attention on adult patients living with with moderate-to-severe plaque psoriasis. Those deemed eligible to participate in G-EPOSS had a confirmed diagnosis of moderate-to-severe plaque psoriasis with a baseline Psoriasis Area and Severity Index (PASI) score above 3, were at least 18 years of age, and were considered appropriate candidates for systemic medications.

    The implementation among these patients of non-biologic concomitant psoriasis drugs was permitted by Gerdes et al in accordance with routine clinical practice. The investigators’ patient recruitment period took place between October 2019 – August 2021 across 44 study sites. Those involved as participants were then treated with guselkumab 100 mg at the point of baseline, the 4-week mark, and subsequently every 8 weeks until the 76-week mark. This was noted as consistent with local clinical practice and guidelines for prescribing.

    Gerdes and coauthors’ primary endpoint was determined to be attainment of PASI ≤3 at Week 28, and such results were reported previously.4 Over the course of the full 76-week treatment period, the investigative team looked at such secondary endpoints as Dermatology Life Quality Index (DLQI), Nail Psoriasis Severity Index (NAPSI) scores, anogenital Physician’s Global Assessment (aPGA), Relationship and Sexuality Scale (RSS), Patient Benefit Index (PBI), the results of the Perceived Stigmatization Questionnaire (PSQ), and rates of drug survival.

    The team conducted their analyses among those in the overall cohort and in subgroups. These subgroups were defined by patients’ ages, body mass index (BMI), duration of disease, presence of anogenital psoriasis, sex, depression, and attainment of “super-responder” status. The latter group’s status was defined as PASI = 0 at both the 20 and 28-week marks.

    Guselkumab Effects on Psoriasis

    There were 295 patients included in the final analysis. Gerges and colleagues highlighted that at baseline, trial subjects’ mean disease duration had been 17.4 years and their mean PASI and aPGA scores were 15.3 and 2.7, respectively. In terms of prior biologic exposure, it had been observed among 26.4% of the G-EPOSS participants. At the 76-week mark, the team found that 87.5% of subjects reported PASI ≤3, and 47.3% achieved complete clearance (PASI = 0).1

    The investigators noted a substantial increase in response rates among trial participants showing a shorter duration of their disease. Overall, Gerdes et al found that 18.3% of the subjects met the aforementioned criteria for super-response. In those who entered the analysis with nail involvement (NAPSI ≥1) or anogenital disease (aPGA ≥1), complete clearance was seen in 52.2% (NAPSI = 0) and 75.8% (aPGA = 0) by the 76-week mark, respectively.

    Complete clearance of psoriasis in the anogenital region (aPGA = 0) was found by the investigators to be consistently high across all of the BMI categories. The team also noted significant improvements across all of the patient-reported outcomes they had assessed (DLQI, RSS, PSQ), and these benefits extended across each of the subgroups. Those with shorter psoriasis duration tended to report having greater improvement in some measures. 88.1% of subjects at Week 76 showed a PBI of >3, and treatment persistence was estimated at 88.7%. Notably, Gerdes and coauthors found no new safety concerns were during G-EPOSS.

    “The findings emphasize the importance of involving the patient’s view and considering sensitive topics not always openly communicated by patients,” the investigators concluded.1 “In summary, a holistic view of patients and their treatments is important for optimal care; G-EPOSS supports findings that guselkumab not only addresses physical symptoms but also improves overall patient wellbeing.”

    References

    1. S Gerdes, P Weisenseel, D Groß, et al. “Long-Term Impact of Guselkumab on Skin, Sexuality, and Perceived Stigmatization in Patients With Psoriasis in Routine Clinical Practice: Week 76 Effectiveness and Safety Results From the Prospective German Multicenter G-EPOSS Study,” The Journal of Dermatology (2025): 1–14, https://doi.org/10.1111/1346-8138.17866.
    2. JC Cather, C Ryan, K Meeuwis, et al. “Patients’ Perspectives on the Impact of Genital Psoriasis: A Qualitative Study,” Dermatology and Therapy 7 (2017): 447–461.
    3. A Chen, KM Beck, E Tan, J Koo. “Stigmatization in Psoriasis,” Journal Psoriatic Arthritis 3 (2018): 100–106.
    4. S Gerdes, R Ostendorf, A Suss, et al. “Effectiveness, Safety and Impact of Guselkumab on Sexuality and Perceived Stigmatization in Patients With Psoriasis in Routine Clinical Practice: Week 28 Results From the Prospective German Multicentre G-EPOSS Study,” Journal of the European Academy of Dermatology and Venereology 39 Suppl 1 (2024): 15–26.

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  • Samsung’s Smart Ring Plunges to Its Lowest Price, Save $100

    Samsung’s Smart Ring Plunges to Its Lowest Price, Save $100

    Smart rings are alternatives to smartwatches for those who want to keep tabs on their wellness without the bulk. For Android users, the Samsung Galaxy Ring is one of the best options. It’s now on sale at Amazon and Best Buy, dropping to $299 from $399, which is the lowest price we’ve seen.

    This is a sizeable $100 (25%) saving and makes a smart ring purchase more reasonable, especially due to its premium pricing. All sizes of the Galaxy Ring are available, and you can choose between the Titanium Gold, Titanium Silver, and Titanium Black color options. 

    Why Do You Need to Track Your Health with Samsung’s Galaxy Ring?

    The Galaxy Ring (review) is Samsung’s first smart ring, featuring high-end capabilities. It’s a reliable wearable, but with the major drawback of having a premium cost. However, this deal lowers the barrier.

    My colleague Camila likes the stylish form of the Galaxy Ring, with its unique but modern concave profile. The chassis is made from a lightweight but sturdy titanium material, making it a suitable 24/7 fitness tracker, including for sleep and when in the shower. It also features water resistance for up to 100 meters, so you can wear it during water activities like swimming or light scuba diving.

    A Samsung Galaxy Ring displayed in a clear case on a light surface.
    The Galaxy Ring charging case features an LED indicator that displays the charging level of the smart ring. / © nextpit

    Despite its tiny profile, it’s no slouch in tracking. It has an array of sensors for continuous heart rate and temperature monitoring. Plus, it can track blood oxygen saturation, a menstrual cycle for women, and sleep. There’s also an Energy Score to give you a reading of how ready your body is for training or to tell if it needs more rest. The smart ring also supports auto-workout detection for select exercises without you manually initiating one in the app.

    You can also pair the Galaxy Ring and Galaxy Watch for synchronized and seamless tracking. This gives the Galaxy Ring a battery boost of up to 30%.

    Apart from comfort and portability, another big advantage of the Galaxy Ring is its long battery life, with Samsung rating it for up to 5 days between charges, depending on the ring size.

    Would you consider a Galaxy Ring over a smartwatch now that it has gone cheaper? We want to know your answers.

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  • Kylie Jenner ‘mom duties’ coming in way of Timothée Chalamet romance?

    Kylie Jenner ‘mom duties’ coming in way of Timothée Chalamet romance?

    Kylie Jenner ‘mom duties’ coming in way of Timothée Chalamet romance?

    Kylie Jenner and Timothée Chalamet are working hard towards keeping their romance afloat.

    The makeup mogul and her actor boyfriend have not been able to meet each other, considering their tough schedule, but are happier about their respective places.

    “They haven’t seen each other for a few weeks only because Timothée’s been filming Dune in a studio in Budapest, and Kylie’s been working too,” a source tells PEOPLE. “She visited him in July.”

    “But even though Kylie has a private jet, the flight is still 12 hours,” the source adds. “She’s a mom and she works as well. She has a lot of responsibilities in LA. Timothée’s schedule is grueling, with very little downtime.”

    “They’re making it work though,” the insider continues. “They FaceTime most days. They miss each other and are totally fine.”


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  • Fired up Robert MacIntyre leads Scottie Scheffler going into BMW Championship final round

    Fired up Robert MacIntyre leads Scottie Scheffler going into BMW Championship final round

    He added: “I don’t know if anyone was thrown out, but there was plenty of people to talk to. He [a spectator] was just jeering. He was just shouting I missed it, he’s pushed it. Pushed it right in the middle of the hole, I guess.”

    It proved compelling viewing, with both set to go out again on Sunday in the second event of three that make up the FedEx Cup play-offs.

    Sweden’s Ludvig Aberg is six shots adrift of MacIntrye at 10 under overall after a two-under 68, while Sam Burns and Harry Hall both went round in 67 to sit at eight under.

    Englishman Hall’s performance means he is projected to sit inside the top 30 in the season-long standings after this tournament and advance to next week’s event in Atlanta.

    Maverick McNealy and Tommy Fleetwood are another shot back after rounds of 69.

    Meanwhile, Northern Ireland’s Rory McIlroy began his round with a double bogey and could only manage a one-over-par 71 to leave him in a tie for 14th at three under.

    Aside from the duel between MacIntyre and Scheffler, the highlight of the day arrived when American Akshay Bhatia, battling for one of the last spots in Atlanta, made a hole in one on the par-three 17th hole with a five-iron.

    “When that golf ball goes in, it was the craziest thing in the world,” said Bhatia, who won a new car in the process.

    “I couldn’t even feel my body. I don’t really necessarily need a new car: I’m pretty happy with what I’ve got. I think either I’ll give it to my caddie or figure something out to where I can donate it to charity or something.”

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  • AU$0.055 (vs AU$0.046 in FY 2024)

    AU$0.055 (vs AU$0.046 in FY 2024)

    ASX:MAM 1 Year Share Price vs Fair Value

    Explore Microequities Asset Management Group’s Fair Values from the Community and select yours

    • Revenue: AU$15.4m (up 19% from FY 2024).

    • Net income: AU$7.15m (up 19% from FY 2024).

    • Profit margin: 47% (in line with FY 2024).

    • EPS: AU$0.055 (up from AU$0.046 in FY 2024).

    We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

    earnings-and-revenue-history
    ASX:MAM Earnings and Revenue History August 16th 2025

    All figures shown in the chart above are for the trailing 12 month (TTM) period

    Microequities Asset Management Group shares are up 5.3% from a week ago.

    Be aware that Microequities Asset Management Group is showing 3 warning signs in our investment analysis and 1 of those is a bit concerning…

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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  • Prince Harry tipped to submit to King for safe future

    Prince Harry tipped to submit to King for safe future

    Prince Harry tipped to submit to King for safe future 

    Prince Andrew is asked to lay low as he faces backlash from the public.

    The Duke of York, who has been associated to sex offender Jeffrey Epstein in the past, is urged to lay low and life a life that is wanted by his brother.

    Royal expert Jennie Bond told the Mirror: “His best course of action is to lie low, enjoy the immensely privileged lifestyle he still has, embrace his family life, and do as his brother asks.

    Prince Harry tipped to submit to King for safe future

    “If he is still invited to family gatherings, he would do well to forego the protocol of walking in order of precedence and fade quietly into the background. In other words: show a bit of humility, Andrew, because we haven’t seen a shred of it yet.

    She added: “He has already been sacked by his mother, stripped of his military appointments, and banned from using his HRH in any official capacity.


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  • Starting XI presented by Modelo: LA Galaxy at Inter Miami CF | August 16, 2025

    Starting XI presented by Modelo: LA Galaxy at Inter Miami CF | August 16, 2025

    LA Galaxy Starting XI: GK Novak Mićović; D Miki Yamane, D Edwin Cerrillo, D Zanka, D John Nelson, M Elijah Wynder, M Isaiah Parente, M Marco Reus ©, F Diego Fagundez, F Gabriel Pec, F Joseph Paintsil

    Substitutes: GK John McCarthy; D Julián Aude, D Mauricio Cuevas, D Chris Rindov, D Eriq Zavaleta, M Tucker Lepley, M Lucas Sanabria, F Matheus Nascimento, F Christian Ramirez


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  • Trump greets Putin with a red carpet. Ukrainians feel betrayed. – The Washington Post

    1. Trump greets Putin with a red carpet. Ukrainians feel betrayed.  The Washington Post
    2. Putin says Alaska summit ‘very useful’ as Trump pivots on Ukraine ceasefire  BBC
    3. Why did Russia sell Alaska to the United States?  Al Jazeera
    4. Trump leaves Alaska summit with Putin empty-handed after failing to reach a deal to end Ukraine war  AP News
    5. After Meeting Putin, Trump Reverts to Land Swaps for Peace in Ukraine  The New York Times

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