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☆ How Dana Walden could defy critics and become Disney's first female CEO
▼ + stars: | 2024-04-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +22 min

The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.

Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, —, Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America

☆ A First Step Toward a Global Price on Carbon
▼ + stars: | 2024-03-28 | by ( Manuela Andreoni | Max Bearak | ) www.nytimes.com time to read: 1 min

It didn’t make many headlines, but last week, at a meeting of the International Maritime Organization, something potentially world-changing happened. The United Nations agency, which regulates the shipping industry, essentially committed to creating the world’s first global carbon price. “I’m very confident that there is going to be an economic pricing mechanism by this time next year,” Arsenio Dominguez, the Secretary General of the maritime organization, said. “What form it is going to have and what the name is going to be, I don’t know.”The proposal would require shipping companies to pay a fee for every ton of carbon they emit by burning fuel. In other words, it’s a tax.

Persons: ” Arsenio Dominguez Organizations: International Maritime Organization, United Nations

NEW YORK (AP) — As host of “The Daily Show” from 1999 to 2015, Jon Stewart changed comedy — and arguably journalism, too — with sharp, satirical takes on politics and current events. Catching lightning again will be difficult — particularly at a time when late-night television is greatly diminished as a cultural force and others, some from Stewart's family tree, are now competitors. It can be even tougher when, as Salon critic Melanie McFarland put it, the current Jon Stewart is forced to compete with memories of the old Jon Stewart. “Jon Stewart totally changed the face of late-night,” says Robert Thompson, director of the Bleier Center for Television and Popular Culture at Syracuse University. “There's something so 2010 about Jon Stewart now,” he says.

Persons: Jon Stewart, Stewart, He's, Melanie McFarland, ”, Doug Herzog, Trevor Noah, It's, Jon, he's, Steve Carell, Stephen Colbert —, Stewart skewered, bowtied Tucker Carlson, “, “ Jon Stewart, Robert Thompson, Chris McCarthy, ” Stewart hasn't, Trump, Colbert, Donald Trump, John Oliver, Samantha Bee, Jimmy Kimmel, Seth Meyers, Greg Gutfeld, Rachel Maddow, MSNBC —, Arsenio Hall, Lucille Ball, Roseanne Barr, Thompson, Johnny Carson's, ” Herzog, Johnny Carson, Cher, David Letterman, Jimmy Fallon's, ” Kimmel, Letterman, — Colbert, Vivvix, Salon's McFarland, “ Jon's, We're, ___ David Bauder Organizations: Comedy Central, CNN, Bleier Center for Television, Culture, Syracuse University, CBS, HBO, TBS, Fox News, MSNBC, Apple, Mets, Nielsen, Associated Press

☆ Philippines, Australia start sea, air patrols in South China Sea
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +3 min

Earvin Perias/Pool via REUTERS/File Photo Acquire Licensing RightsMANILA, Nov 25 (Reuters) - The Philippines and Australia began their first joint sea and air patrols in the South China Sea on Saturday, days after Manila took similar steps with the U.S. as Pacific nations warily eye an increasingly assertive China. China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. The Philippines is ramping up efforts to counter what it describes as China's "aggressive activities" in the South China Sea, which has also become a flashpoint for Chinese and U.S. tensions around naval operations. The patrols will be carried out in the West Philippine Sea, said Philippine Department of National Defense spokesperson Arsenio Andolong, using Manila's term for waters in the South China Sea that fall within its exclusive economic zone. China has accused the Philippines of enlisting "foreign forces" to patrol the South China Sea and stirring up trouble.

Persons: Ferdinand Marcos Jr, Anthony Albanese, Earvin, China's, Richard Marles, Marcos, Marles, Arsenio Andolong, Karen Lema, William Mallard Organizations: Australia's, Rights, Australia, ., Philippine, Australian Defence Force, Armed Forces, Philippine Department of National Defense, South China, Toowoomba, Cooperative, Thomson Locations: Manila, Philippines, Rights MANILA, South, China, Australia, Vietnam, Indonesia, Malaysia, Brunei, South China, U.S, West Philippine, Philippine, United, Taiwan, West Philippine Sea

☆ Philippines, Australia Start Sea, Air Patrols in South China Sea
▼ + stars: | 2023-11-24 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

MANILA (Reuters) - The Philippines and Australia began their first joint sea and air patrols in the South China Sea on Saturday, days after Manila took similar steps with the U.S. as Pacific nations warily eye an increasingly assertive China. China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. The Philippines is ramping up efforts to counter what it describes as China's "aggressive activities" in the South China Sea, which has also become a flashpoint for Chinese and U.S. tensions around naval operations. The Philippines and the United States concluded three-day joint sea and air patrols on Thursday, starting in waters near Taiwan, a democratically governed island that China claims as its own, and ending in the West Philippine Sea. China has accused the Philippines of enlisting "foreign forces" to patrol the South China Sea and stirring up trouble.

Persons: Ferdinand Marcos Jr, China's, Richard Marles, Marcos, Marles, Arsenio Andolong, Karen Lema, William Mallard Organizations: Australia, ., Philippine, Australian Defence Force, Armed Forces, Philippine Department of National Defense, South China, Toowoomba, Cooperative Locations: MANILA, Philippines, South, Manila, China, Australia, Vietnam, Indonesia, Malaysia, Brunei, South China, U.S, West Philippine, Philippine, United, Taiwan, West Philippine Sea

☆ Vivek Ramaswamy Loves Eminem. And He Doesn’t Care If the Feeling Is Mutual.
▼ + stars: | 2023-08-19 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

For some audiences, Vivek Ramaswamy is a biotech entrepreneur who pushed for pharmaceutical breakthroughs before he tried to break into politics. For others, he is a cultural warrior battling “woke” corporations or a crusader for his definition of “truth,” whether it be the sanctity of two genders or the perpetuation of fossil fuels. The identity that the entrepreneur and Republican candidate for president has kept more or less under wraps since his undergraduate days at Harvard is another thing entirely, Da Vek the Rapper. Yet there it was at the Iowa State Fair this month, the 38-year-old shape-shifting presidential candidate, microphone in hand, spitting Eminem’s “Lose Yourself” before a largely white crowd that appeared somewhere between amused and enthused. Beside him onstage was the Iowa governor, Kim Reynolds, who watched with the look of a mother baffled by her child’s latest science fair project.

Persons: Vivek Ramaswamy, “, Vek, Kim Reynolds, Bill Clinton’s, Arsenio Organizations: Harvard, Arsenio Hall Locations: Iowa

However, confusing the picture core inflation accelerated to 8.0% in March from February's 7.8%, the fastest pace since 1999. Nicholas Mapa, an economist at ING bank, said a sustained downtrend in inflation could make the BSP consider hitting the pause button on its most aggressive interest rate hiking cycle for years. "Today's inflation reading could be one additional data point that could convince Governor Medalla that inflation is finally moderating," Mapa told Reuters. "We expect inflation to moderate further in April which could open up the door for a BSP pause at the May meeting." Finance Secretary Benjamin Diokno, who is one of the seven members of the central bank's policy making monetary board, said on Tuesday, the central bank has probably done enough to address inflation.

Summary Jan CPI at fresh 14-year high of 8.7%Faster-than-expected inflation raises odds of bigger rate hikeEconomic planning chief says inflation to moderate this yearMANILA, Feb 7 (Reuters) - Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month. Given the faster-than-expected inflation in January, Bangko Sentral ng Pilipinas (BSP) looks certain to hike interest rates by at least 25 basis points and with a bigger 50 bps likely to be on the table, ING economist Nicholas Mapa said in a Tweet. The Philippines' broader stock index (.PSI) dropped 0.4% in early trade on expectations of a larger rate hike, while the peso had slipped 0.5% at 54.73 per dollar as of 0211 GMT. The main factor behind January's red-hot inflation was the 11.2% annual rise in food inflation, the quickest pace since 2009, and compared to the previous month's 10.6%, and the 1.6% rate in the same month last year. Elevated inflation, plus the need to maintain interest rate differentials between the U.S. and the Philippines, have forced the central bank to embark on aggressive tightening, with the benchmark rate (PHCBIR=ECI) rising by a total of 350 bps last year.

[1/2] Construction of new buildings alongside older establishments is seen within the business district in Makati City, metro Manila, Philippines January 25, 2017. "We are confident that we will remain in our high growth trajectory," Baliscan told a media briefing on Thursday. On a quarter-on-quarter basis, GDP growth came in at 2.4% in October-December, compared with expectations for a 1.5% rise and the previous quarter's upwardly revised 3.3% expansion. Like the rest of the world, the Philippines is battling red-hot inflation, currently running at 14-year highs, which if not tamed could crimp domestic consumption, a major driver of growth. "We expect a difficult year ahead for the Philippines," Capital Economics said in a note, citing the impact of high inflation and tighter monetary policy on domestic spending.

☆ Philippines extends tariff cuts on imported rice, other food items to fight inflation
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +1 min

MANILA, Dec 18 (Reuters) - Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice and other food items to help combat inflation, his office said on Sunday. The modified rates approved in 2021 were due to expire at the end of this year, but an inflation rate running at 14-year highs warranted an extension of the tariff reprieve until Dec. 31, 2023. That means the tariff rate for imported rice will stay at 35%, while the import levies on corn and pork products will remain at 5%-15% and 15%-25% respectively, the press secretary's office said in a statement. At 8.0% in November, consumer price inflation is well beyond the Philippine central bank's target range of 2%-4% for this year and the medium term. "We are determined to steer the Philippine economy to meet the 6.0%-7.0% economic growth target for 2023," Balisacan said.

☆ Philippines’ inflation soars to 14-year high, fueling expectations of more rate hikes
▼ + stars: | 2022-12-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Philippines' annual inflation data for November soared 8% year-on-year, marking the country's highest inflation in 14 years as food prices soar, according to data from the Philippines Statistics Authority. Its surge was driven primarily by costlier food prices. Recent typhoons have hammered the production of crops like vegetables, rice and fruits, driving food prices higher. Core inflation, which excludes volatile energy and food prices, rose by 6.5%. He said the Philippines will be ramping up food production in a bid to ease price pressures.

☆ Philippines to cut tariffs on electric vehicles, parts
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +1 min

MANILA, Nov 24 (Reuters) - A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs. Marcos will issue an executive order cutting to 0% the most favoured nation tariff on EVs like passengers cars, buses, vans, trucks, motorcycles, and bicycles, and their parts for five years. Consumers in the Philippines currently need to shell out $21,000 to $49,000 for an EV, versus the $19,000 to $26,000 price for conventional vehicles. Of the country's more than five million registered automotives, only 9,000 are electric, mostly passenger vehicles, government data show. The Southeast Asian nation's automotive sector relies mostly on imported fuel.

☆ With Philippines visit VP Harris seeks to reset relations
▼ + stars: | 2022-11-20 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +6 min

REBUILDING TIESThe visit by Harris will be the highest-level trip to the Philippines by an administration official and marks a sharp turnaround in relations. With Marcos in office, the Biden administration is attempting a reset. China claims 90% of the South China Sea as its sovereign territory, but is opposed by five Southeast Asian states and Taiwan. Arsenio Andolong, a Philippine defense department spokesman, told Reuters there is no reason for China to fear Harris' visit. A senior Biden administration official offered a different summary.

The economy would likely grow above the government's 6.5%-7.5% growth target for 2022, Economic Planning Secretary Arsenio Balisacan told a media briefing. On a quarterly basis, gross domestic product (GDP) rose 2.9% versus a 0.1% contraction in April-June and an expected 1% rise, the data showed. "While these developments are remarkable, I want to underscore that our nation still faces a considerable burden in the form of high inflation," Balisacan said. Balisacan said the government remained committed to fighting inflation to protect people's purchasing power, including by tightening monetary policy. "In the face of surging prices, that's a big upside surprise," said ING economist Nicholas Mapa.

☆ Philippines' unemployment hits new low since start of pandemic
▼ + stars: | 2022-11-08 | by ( Lucy Craymer | Kantaro Komiya | ) www.reuters.com time to read: +1 min

MANILA, Nov 8 (Reuters) - The Philippines' unemployment rate in September fell to a new low since the COVID-19 pandemic began, highlighting more green shoots of recovery as the country fully reopens its domestic economy. The unemployment rate eased for a third month in a row to hit 5% in September, the statistics agency said on Tuesday, which bodes well for third quarter growth. "The recent survey results show the gains of the full reopening of our economy," Economic Planning Secretary Arsenio Balisacan said in a statement. Gross domestic product was 7.4% in the second quarter, bringing the average growth in the first half of the year to 7.8%, above the government's 6.5-7.5% growth target for 2022. Reporting by Karen Lema; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

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