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<p style="font-size: 20px; letter-spacing: 0px; line-height: 30px;">
Today, Chinese farmers grapple with ongoing
<strong style="color: #ff5a41;">
swine decline
</strong>
and the
<strong style="color: #ff5a41;">
hungry Hong Kong Stock Exchange
</strong>
puts it all on the line, but first...
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
Air ambulance industry hits turbulence amid potential regulations
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The private air ambulance industry is flying high … and so are prices for emergency airlifts.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
And, as
<em>
Axios
</em>
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reports
</a>
, the costs of medical air transports didn’t climb so high by accident.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Hospitals used to own and operate their own choppers...
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
And they used them to transport critically ill or injured patients between facilities or from remote areas. Although hospitals often lost money on these programs, they saved lives.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
But in the early 2000s, private equity investors started buying these programs and billing patients directly… and charging sky-high prices.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Between 2007 and 2017, the average price at one company spiked from $13k to $50k. Smelling profits, other investors soon pounced: Between the ’80s and 2017 the number of air ambulance companies rose by 1,000%.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
So, how did they turn medical choppers into for-profit machines?
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
These firms commissioned paramedics, nurses, and doctors to “promote” them to emergency personnel … even if there weren’t true emergencies at hand. Soon, 80% of flights were routine transports, not emergencies.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Companies also billed privately insured patients more than others, expecting their insurance companies to pay more.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Now, the Senate wants to land on a solution
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The US Senate health committee recently introduced a bipartisan plan to reduce surprise medical bills -- and it took aim at the hot air spun out by air ambulance companies.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The plan would require insurers to pay median in-network rates to out-of-network providers, capping the amount of money doctors, hospitals, and medical helicopter service providers can collect.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The air ambulance companies have criticized the plan, claiming high private rates are necessary to offset low government reimbursement rates and
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
arguing
</a>
the plan would result in the closure of rural ambulance bases.
</p>
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Flight... Controlled?
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
In a strange exchange, Hong Kong’s stock exchange bids $36.6B for London’s exchange
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Yesterday, the owner of the Hong Kong Stock Exchange made a
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
$36.6B
</a>
offer to buy its European peer, the London Stock Exchange.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
If the deal were to go through -- and that’s a
<em>
BIG
</em>
if -- the merger would produce an economic giant that would span Europe and Asia at a time when economic outlooks on both continents are increasingly uncertain.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
So, why would either exchange do this?
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The Hong Kong Stock Exchange has traditionally seen plenty of investment thanks to its status as a “bridge” between Western markets and Chinese companies.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
But recent trade tantrums on both sides of the Pacific (and protests in Hong Kong) have led to a slowdown in trading in Hong Kong -- and a British boost could strengthen the Asian exchange.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
In London, it’s a different story: The city’s traditional status as a global financial hub is in jeopardy thanks to Brexit -- but a partnership with Hong Kong would tie the renegade European capital to a number of booming businesses in Asia.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Now, the London Stock Exchange has to make a big choice
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
To get the mega-merger off the ground, the London Stock Exchange would likely have to scrap the $27B acquisition of the financial data company Refinitiv that it
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
agreed to
</a>
less than 2 months ago.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Now, the European exchange is left with a choice...
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
<strong>
Option A
</strong>
: Proceed with the Refinitiv deal
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Opportunity? Gain a foothold in the growing market data industry
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Risk? Divert resources from its core market exchange
</li>
</ul>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
<strong>
Option B
</strong>
: Abandon Refinitiv and merge with Hong Kong Stock Exchange
</p>
<ul style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin: 0 0 0 30px; padding-bottom: 14px; padding-left: 12px;">
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Opportunity? Expand its market access across Asia
</li>
<li style="font-size: 16px; line-height: 20px; padding: 4px 0;">
Risk? Lose some localized control over its exchange
</li>
</ul>
</td>
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<a style="color: white; font-family: Helvetica, sans-serif; font-size: 13px; font-weight: bold; line-height: 21px; text-decoration: none;">
Choices, choices...
</a>
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Things you should...
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<div style="font-family: 'Helvetica', sans-serif; font-size: 16px; line-height: 20px; margin: 0px 0px 0px 25px; padding-bottom: 16px;">
The Soulful Art of Persuasion -- written by Jason Harris, CEO and cofounder of the ad agency Mekanism -- walks you through 11 of the character-building habits that can help make you a master influencer in the age of distrust.
<div style="font-family: Helvetica, sans-serif;">
<a style="color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 14px; font-weight: bold; line-height: 200%; text-decoration: none;">
IT’S AN ART FORM →
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EMBRACE:
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Data-driven funding with Clearbanc growth capital, Apply now
</span>
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Funding for your business shouldn’t be based on if you went to Stanford with the VC’s nephew. Clearbanc lets the data decide how much money you get -- maybe that’s why they’ve invested in 8X as many women-founded companies as traditional VC’s.
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A TERM SHEET ON YOUR TERMS →
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No-teeth smiles are a thing of the past thanks to SmileDirectClub. Their custom-built daily or nightly clear aligners can score you a whiter, brighter, straighter smile in just a few short months, for 60% less than braces. Schedule a visit to get your free 3D images taken today -- and let your pearly whites shine tomorrow.
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BECAUSE NOBODY'S GOT TIME FOR BRACES →
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
As China’s pork-pocalypse continues, it will tap into its ‘strategic pork reserves’
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
In China, it’s become a whole lot pricier to pig out over the past year thanks to an African swine fever that has devastated hog herds.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
China’s pig population has shrunk by a third, causing the price of pork in China to increase by almost
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
50%
</a>
.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
And the Chinese government is dreaming pig to solve the problem
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Pork, a cultural staple, is the most popular meat in China. Chinese pork-ivores consume about 60m tons of pig each year -- as much as the rest of the world combined.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The Chinese government has dispensed some of its “strategic” swine reserves, which it keeps frozen and on hand for times like these -- and the country will likely need to dig deeper into this supply, given the increased demand for pork during the holiday season.
</p>
<h4 style="border-left-color: #ff5a41; border-left-style: solid; border-left-width: 6px; display: block; font-family: Helvetica, sans-serif; font-size: 18px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-left: 15px;">
<strong>
Can the US lend a helping hoof?
</strong>
</h4>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Our hooves are tied due to the trade war with China, which intensified when the US imposed a new round of tariffs on Chinese goods early this month. American producers see China’s pork shortage as a potential opportunity for their piggy banks, but current tariffs on US pork products -- at a whopping 62% -- make Babe unaffordable.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
The National Pork Producers Council has urged the White House to settle the Chinese trade dispute.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
For its part, China appears to be lifting tariffs on some American goods in high demand -- like cancer drugs and pesticides -- but pork didn’t make the cut.
</p>
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<h2 style="font-family: Helvetica, sans-serif; font-size: 22px; font-weight: 800; letter-spacing: 0px; line-height: 26px; margin: 36px 5px 16px 22px;">
<strong>
So, your new hire wants to quit before they even start?
</strong>
</h2>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Sounds like you’ve got an onboarding problem, my friend.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
If your
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
employee onboarding process
</a>
sucks harder than a Dyson, it can spell trouble for your company.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Back-to-back-to-back-to-back meetings, monotonous account setups, and painful IT issues can all sour new hires before they even get to the
<em>
real
</em>
work.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Which is why it’s important to do onboarding right
<em>
.
</em>
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Lucky for you, Managed by Q has created this customizable
<a style="-webkit-text-fill-color: #ff5a41; border-bottom-color: #D0CF62; border-bottom-style: solid; border-bottom-width: 1px; color: #ff5a41; font-family: Helvetica, sans-serif; font-size: 16px; font-weight: 700; line-height: 20px; padding-bottom: 0px; text-decoration: none; text-underline: none;">
Onboarding Checklist
</a>
to help you design your own perfect new hire plan and get things started on the right foot.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; letter-spacing: .3px; line-height: 20px; margin-left: 24px;">
Download for free today -- your future employees will thank you.
</p>
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“All onboard!”
</a>
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Hustle Con News
</td>
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<tr>
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<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
In case you haven’t heard,
</strong>
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
<strong>
Hustle Con
</strong>
</a>
<strong>
is December 2-3, 2019.
</strong>
We couldn’t be more excited to bring back The Hustle’s flagship event -- especially with this year's first-ever Day 2 addition.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
Here's the latest:
</p>
</td>
</tr>
<tr>
<td align="left" bgcolor="white" style="background: white; font-family: Helvetica, sans-serif; font-size: 16px; line-height: 22px; margin: 0; padding: 20px 0px 12px 19px; text-align: left;">
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
📈 We added Heidi Zak, the Co-Founder and Co-CEO of ThirdLove, to our lineup.
</strong>
ThirdLove is one of the fastest-growing bra and underwear companies in America, pioneering online bra sales with their innovative Fit Finder™ -- used by over 14m women to date.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
📓 The Day 2 breakout session titles are nearly final.
</strong>
Attendees will select from 3 distinct tracks: 1) Side Hustlers, 2) Founders looking to hone skills, and 3) Founders ready to go big. Each breakout will be taught by a fellow founder with a hyper-specific focus like:
<em>
“How to get liquidity as a founder.”
</em>
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
🛂 We’ve had a record number of visa applications from international attendees.
</strong>
Big shoutout to non-US Hustle readers. If you’re international and need info,
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
shoot us an email
</a>
.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
<strong>
🏨 Need a place to stay?
</strong>
If you’re interested in staying at a hotel or hostel during the conference,
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
check out our FAQ
</a>
with a few suggestions ranked by distance.
</p>
<p style="font-family: Helvetica, sans-serif; font-size: 16px; line-height: 20px; margin: 0px; padding-bottom: 12px;">
2-Day Early Bird tickets are
<a style="-webkit-text-fill-color: #ff5a41; color: #ff5a41; font-family: Helvetica, sans-serif; text-decoration: none;">
still on sale
</a>
, saving you $75 off full-price. Don’t miss out.
</p>
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<tbody>
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See Tickets
</a>
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<a style="color: #ed4d1f; font-family: Helvetica, sans-serif; text-decoration: none;">
<strong>
Don’t Waste My Time, SAULT
</strong>
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.
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0
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REFERRALS
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//ambassadors.thehustle.co/?ref=950fce10a7
</a>
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<span style="font-family: 'Helvetica',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; line-height: 100%;">
YOUR UNIQUE URL
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<br/>
Conor Grant
<br/>
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MANAGING EDITOR
</span>
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</a>
<br/>
Bobby Durben
<br/>
<span style="font-family: 'Helvetica',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
AD WRITER
</span>
</td>
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</a>
<br/>
Meg Furey-Marquess
<br/>
<span style="font-family: 'Helvetica',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
MEDIA STRATEGIST
</span>
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<a style="color: #000000; font-family: Helvetica, sans-serif; text-decoration: none;">
Brad "Get Yours, I’ll Get Swine" Wolverton
</a>
<br/>
<span style="font-family: 'Helvetica',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
HEAD OF CONTENT
</span>
</td>
<td align="center" style="font-family: 'Helvetica',sans-serif; font-size: 16px; font-weight: bold; line-height: 100%; padding: 20px 0; text-align: center; width: 50%;">
Frank Lee Dunn
<br/>
<span style="font-family: 'Helvetica',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px; text-transform: uppercase;">
Superintendent of Portion Control
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6 years ago - news@thehustle.co
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