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Loan loss reserves have perked back up in recent quarters and are at roughly 1.75% of loans outstanding, according to MRB Partners. If the economy only modestly slows, as many economists expect, new loan loss reserves could be smaller in the future. This situation comes as bank earnings were generally better than expected for the first quarter. Lauren Goodwin, chief market strategist and economist at New York Life Investments, agreed that a potential slowing or reversal of loan loss reserves would be positive for bank earnings but said she is cautious about bank profitability more broadly. To be sure, banks may need to increase their loan loss reserves if the economic outlook gets worse.
Persons: Banks, Bob Elliott, Salvatore Ruscitti, Ruscitti, Lauren Goodwin, Goodwin, they're, Unlimited's Elliott Organizations: MRB Partners, Funds, Bank, P Bank ETF, New York Life Investments Locations: Bridgewater, MRB
PinnedTo its millions of devoted fans, the Eurovision Song Contest is a cultural juggernaut, an exciting competition in which singers and rappers represent their countries and perform for votes. To more casual observers, it’s simply a fun, camp — and often bewildering — night of TV, with extravagant songs and outrageous outfits. This year, as always, the contest features songs that range from the sublime to the ridiculous. Eden Golan, a 20-year-old pop star, will represent Israel with “Hurricane,” a ballad that obliquely references Israeli grief over the Oct. 7 attacks last year. Will Golan win over the audience and the tens of millions watching live on TV and YouTube?
Persons: it’s, Angelina Mango, Tagi, Eden Golan, Will Golan Organizations: , Eurovision, Palestinian, Malmo Arena, Israel Locations: France, Malmo, Sweden, Gaza, Israel, U.S, Peacock
In early May, reports circulated that Russia had accidentally bombed its own territory in Belgorod. UK intelligence said such instances highlight Russia's struggles to employ munitions on intended targets. AdvertisementThere have been numerous reports over the last year of incidents of Russian aircraft accidentally dropping bombs and missiles on Russian civilian areas around border regions with Ukraine. Belgorod, a region of Russia close to the besieged northeastern Ukrainian territory of Kharkiv, has borne the brunt of the apparent errors. It noted that increasing reports of such incidents likely pointed to fatigued troops and poor training.
Persons: Organizations: Service, Russian, Telegram, Astra, Russian FAB, Russian Defense Ministry, Getty, British Ministry of Defence, MoD Locations: Russia, Belgorod, It's, Ukraine, Kharkiv, Russian, Anadolu
CNN —About 50,000 opponents of a “foreign agents” bill marched peacefully in heavy rain through the Georgian capital on Saturday, after the United States said the country had to choose between the “Kremlin-style” law and the people’s Euro-Atlantic aspirations. “Georgian parliamentarians face a critical choice – whether to support the Georgian people’s Euro-Atlantic aspirations or pass a Kremlin-style foreign agents’ law that runs counter to democratic values,” he said. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024. Georgian Dream says the bill will promote transparency and Georgian national sovereignty. Demonstrators protest against the foreign agents bill in Tbilisi, Georgia, on May 11, 2024.
Persons: , , Jake Sullivan, Irakli Gedenidze, Nino, Vladimir Putin’s, Reuters Bidzina, Sullivan Organizations: CNN, House, Georgian, European, Reuters, Union, Vladimir Putin’s Kremlin, European Union, EU, NATO Locations: States, backsliding, Georgia, European Union, Tbilisi , Georgia, , Russia, Europe, , Georgian, Tbilisi, United States
“Purlie” and “The Wiz” — along with “Dreamgirls,” which landed just past the decade divider in 1981 — have been well attended since the 1970s. “The Wiz” was made into a film that many Black people regard as iconic, and a revival is playing on Broadway now. It ran for over two years, won the Tony for best musical and best actress (Virginia Capers) and Theatre World awards for three other leads. Musical theater historians tend to blow by it with a couple of respectful sentences. It’s had a regional revival or three, but compared with “Purlie,” “The Wiz” and “Dreamgirls,” it is a dead property.
Persons: Lorraine Hansberry’s, Blacker, Purlie, , , “ Purlie ”, , Hansberry’s, Robert Nemiroff, Charlotte Zaltzberg, Judd Woldin, Robert Brittan, Tony, Virginia Capers, It’s, “ Purlie Organizations: Sun, Broadway, Theatre
So I started bringing him with us to France as often as possible, which amounts to about half the calendar year. For example, so far this year we spent all of January in France, and will return in early May for the entire summer. AdvertisementOur daily routine is differentOur days in France always begin and end entirely differently than they do in the US. In France, we tend to stay somewhere close to the city center. Last summer, my son tried more types of pasta than I knew existed, a feat he was enormously proud of, especially as a vegetarian.
Persons: It's, we're, France —, it's, he's Locations: United States, France, Iceland, Panama, Cannes, Grasse, Paris, Nice, Europe, States
My husband Martin and I met in Brussels in 2012, when I literally stepped on his toes at my neighborhood farmer's market. We ultimately chose Brussels, the capital of Belgium and the administrative center of the European Union. Take a look inside our apartmentWe live in a street-level duplex in a building with only three apartments. She loves that she and her family can host dinner parties in the dining room. Federico CampanaleThe bedrooms, laundry room, storage, and bathroom are on the bottom floor.
Persons: Martin, we'd, he'd, Jessica, Jessica van Dop, I'd, Federico Campanale, it's, We've, Saint Gilles Organizations: NATO, Washington , D.C, Pentagon, Marine Corps, European Union Locations: Brussels, Netherlands, Washington ,, Europe, Rotterdam, Belgium, Saint Gilles, Puerto Rico, Western New York, Our, Saint, Eastern, Puerto Rican
CNN —At least 29 people have been killed and a further 60 are missing as heavy rain and flooding hit the Brazilian state of Rio Grande do Sul this week. Residents and a dog are evacuated from a flooded area in the city center of São Sebastião do Cai, Rio Grande do Sul State, Brazil, on May 2, 2024. Rio Grande do Sul has been increasingly hit by extreme weather events in recent years. Volunteers use a fishing boat to rescue residents trapped inside their houses in São Sebastião do Cai, Rio Grande do Sul state. The proportion of high-intensity hurricanes, or tropical cyclones, has increased due to the warmer global temperatures, according to the UN.
Persons: Cai, Carlos Fabal, Luiz Inácio Lula da Silva, , , Eduardo Leite, Anselmo Cunha, Lizzy Yee, Omar Fajardo Organizations: CNN, Authorities, Getty, Volunteers, UN Locations: Rio Grande do Sul, Rio Grande do Sul State, Brazil, AFP, Dubai, Asia, Kenya, São
Read previewWhen the pandemic hit Malaysia in 2020, Kenneth Tan realized he needed his own space. Kenneth Tan Kenneth TanAlthough high property prices in major cities have made it difficult for many young Malaysians to buy their own homes, it's unclear what percentage of millennials still live with their parents in Malaysia. Kenneth Tan"I wanted a swimming pool in my place, so I needed a house that had some land. I'm just happier because I picked the one that I wanted," Tan said. "I actually added quite a lot of arches to it because the original house had them.
Persons: , Kenneth Tan, stepmom, Tan, Kenneth Tan Kenneth Tan, Kenneth Tan Tan, Kenneth Tan Tan's, Kenneth Tan Part Organizations: Service, Business, Research, Malaysian, Petronas, Towers Locations: Malaysia, Airbnb, Kuala Lumpur, It's, Happy, KL
In the 1970s, there were about 175,000 residents in Centro Storico, the main island and historic center of Venice. In fact, there are now more tourist beds in Venice than there are residents. Last week, Venice took action on overtourism, introducing a 5€ fee to day trippers who want to access the city. "You can't impose an entrance fee to a city; all they're doing is transforming it into a theme park. Marco Bertorello | Afp | Getty ImagesDespite its many detractors, the day fee is a significant move on the part of Venice's government to confront the challenge of overtourism, which has become a significant global problem since the pandemic.
Persons: Stefano Mazzola, Luigi Brugnaro, Mark —, There's, Matteo Secchi, Marco Bertorello, Antonio Paolo Russo, Russo Organizations: Piazzale Roma, Getty, Venice, Centro Storico, Guardian, Tourists, Afp, Virgili University Locations: Piazzale, Venice, Italy, Centro, Piazzale Roma, Santa Lucia, Tarragona, Spain, Bali, Barcelona, Amsterdam, Europe
Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.
Persons: , Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais
I visited Madeira, Portugal, which is often referred to as the "Hawaii of Europe." Madeira offers a mild climate all year, rugged coastlines, and a bustling city center. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen I visited Madeira, Portugal, I found an island paradise brimming with natural wonders and cultural opportunities. Madeira is the perfect blend of a tropical and European vacation, coupled with its yearlong mild climate, rugged coastlines, cascading waterfalls, and verdant cliffs.
Persons: , there's Organizations: skywalk, Service Locations: Madeira, Portugal, Hawaii, Europe, Monte Palace, Funchal
Taylor Swift fans believe "The Black Dog" on her new album is about a London pub with the same name. Tracy, Claudine, and Joy outside The Black Dog pub. Ayomikun AdekaiyeroThe Black Dog now serves Taylor Swift-themed burgers and drinksAnd the owners of The Black Dog couldn't be happier to be touched by the "Taylor Swift effect." Photos of Taylor Swift's lyrics outside The Black Dog Pub. The Taylor Swift effect can't be underestimated," she says, although won't tell me exactly how many fans have visited.
Persons: Taylor Swift, , Tracy, Joy, Claudine, Swifties, Swift, Matty Healy, Joe Alwyn, Erika Goldring, Jeff Kravitz, Chris J Ratcliffe, I'm, Adekaiyero, Taylor, Travis Kelce, Lily Bottomley, Taylor Swift's, Bottomley, Healy, Alwyn, There's, it's, Asim, Lauren, Lawrence, Hollie Spence, Ashleigh Cusack, Spence, Cusack, She's, Ayomikun Adekaiyero Bottomley, We're Organizations: Swifties, Service, Swift, Poets Department, NFL Locations: London, New Zealand, Swifties, Instagram, Kent
Towns in Italy have done it several times and now a small town in France is taking a second run at their own $1 home program. The French town of Saint-Amand-Montrond is selling a 828-square-foot house for 1 euro or $1.07 USD. The property also includes a courtyard and a garage, according to Ouest France, and is located in the city center of the small town. Much like with some of the other deals in Europe, this house needs serious work. It hasn't been lived in for 12 years, and the town estimates it will cost about $136,180 USD to renovate.
Persons: Amand, Montrond, hasn't, Francis Blondieau Organizations: Ouest France, Urban Planning Locations: Towns, Italy, France, Saint, Europe
In recent weeks, the Belgorod region has been subject to almost daily shelling and drone attacks. Russian authorities blame Ukraine and report having repelled the attacks, while also admitting destruction and casualties caused by them. The Belgorod region has borne the brunt of the war compared to more distant Russian regions, which have been relatively untouched. The governor of Belgorod region, Vyacheslav Gladkov, said on March 23 that 24 people had been killed and 152 injured in the span of less than two weeks. Following a major air attack on Ukraine by Russia overnight into December 29, Kyiv retaliated a day later by targeting the Belgorod region.
Persons: Vyacheslav Gladkov, , Timur Khaliullin, ” Khaliullin, , Khaliullin, Natalia Izotova, , Izotova, Gladkov, Kyiv's, Emil Leegunov, we’ve, It’s, ” Elizaveta, Yevhen Titov, Vasily, we’re, ” Vasily, Vladimir Putin, ” Izotova Organizations: CNN, Belgorod Philharmonic, Kyiv, Getty, Victory, Nazi, Reuters, Belgorod Locations: Belgorod, Russia’s, Ukraine, Russia, , Russia, Russian, Anadolu, Elizaveta, Kharkiv, Ukraine’s, St, Petersburg, Bryansk, Makhachkala, Grayvoron, Nazi Germany, Ukrainian
Amsterdam has been searching for any way to rein in the number of tourists that visit the city every year. The city has also long tried to control the crowds in its red-light district, where rowdy groups of tourists often cause disruptions to local residents. It has added stricter rules about smoking marijuana. It has banned new tourist shops. And still, the people keep coming.
Persons: , Locations: Amsterdam
And on Thursday, Garland showed that he was getting some things right: Dance Theater, now in its 55th season, has a vintage kind of glow. The company, along with its dancers, seems to be more sure of itself: It’s growing into a sense of style. Honoring Mitchell was a reminder of why Dance Theater, born after the assassination of the Rev. Along with showcasing the transformative power of ballet, Garland writes in the program, Mitchell used Dance Theater as a means for social justice in part by way of its repertoire: George Balanchine ballets were performed alongside works by Black choreographers like Geoffrey Holder. 2,” which braids social dance with classical ballet.
Persons: Robert Garland, “ Arthur Mitchell, , Robert, , — Mitchell, Garland, Mitchell, Martin Luther King Jr, George Balanchine, Black, Geoffrey Holder, curation, , , Marius Petipa Organizations: New York City Center, Dance Theater of Harlem, Locations: New
CNN —Locals in the Canary Islands are mobilizing to protest against excessive tourism, blaming visitors for pricing them out of their homes and causing environmental damage. “Every person who joins the human chain sends a strong message to the government: The Canary Islands are not willing to continue sacrificing their future,” it said in a post on Facebook published Wednesday. The group also blames local authorities for approving large tourist developments that worsen existing issues, such as increasing water shortages. “The objective is to create a committee of experts to establish common guidelines,” said Jéssica de León, minister for tourism and employment in the Canary Islands regional government, in a statement published Tuesday. Concerns about the impact of tourism are not unique to the Canary Islands.
Persons: Fundación, , , EyesWideOpen, Jéssica, León, De León Organizations: CNN, Locals, Se Agota, Facebook Locations: Africa, Tourism, Tenerife, Canary, Spanish, Barcelona
CNN —As darkness envelops millions of people during Monday’s total solar eclipse, spectators will hold their cellphones skyward to capture the moment. A family looks through a pair of giant solar eclipse glasses at Veterans Memorial Park in Dripping Springs, Texas, on April 4, 2024. When the last total solar eclipse cut a path across America in 2017, AT&T reported network usage spikes up to 15% around certain cell towers in the path of totality. People view the solar eclipse at 'Top of the Rock' observatory at Rockefeller Center, August 21, 2017 in New York City. “A total eclipse of the sun is unlike any other experience that a human being can have.
Persons: Adam Davis, Shutterstock, , Caty Pilachowski, ” Pilachowski, Drew Angerer, Chris Serico, Serico, ” Serico, it’s, ” Verizon’s Serico, Heather Groll, ” Groll, Michelle Eng, Pichnaieu Chung, Anthony Behar, Lisa Winter, Winter, Rick Dietz, Aaron Sadler, Pilachowski, Organizations: CNN, Veterans Memorial, Indiana University , Bloomington, Bloomington, Rockefeller Center, Verizon, 5G, New York State Division of Homeland Security, Emergency Services, , New, MTA, Hall, AP, NASA, Technology Services Department Locations: Texas, Maine, Springs, Texas , Oklahoma , Arkansas , Missouri , Tennessee , Illinois , Kentucky , Indiana , Ohio, Michigan, Pennsylvania, New York , Vermont , New Hampshire , Maine, Mexico, Canada, America, New York City, Niagara, Erie, New York, Northeast Ohio, Dallas, United States, Buffalo , NY, Rochester , NY, Hall , New York, NY, Rock , Arkansas, Little
Hualien, Taiwan CNN —Wu was preparing breakfast for guests at the small hotel he runs in Taiwan’s Hualien County when the shelves around him shook violently and the mountain behind his house roared. “It’s not too bad.”Video Ad Feedback Rescue efforts underway in Taiwan after deadly earthquake 02:54 - Source: CNNA checkpoint is set up outside Taroko Gorge just north of Hualien city in Taiwan. Yan Zhao/AFP/Getty ImagesWorkers demolish a damaged building following the earthquake in Hualien County, Taiwan on April 4, 2024. Annabelle Chih/Getty ImagesTaiwan’s recent push for preparedness comes from the hard lessons learned from the devastating quake 25 years ago, experts say. That quake left more than 100,000 buildings across Taiwan completely or partially collapsed, including nearly 300 schools.
Persons: Taiwan CNN — Wu, Wu, , , It’s, Annabelle Chih, Chong, “ I’ve, Hualien . Yan Zhao, Tyrone Siu, Daniel Aldrich, Sam Yeh, Aldrich, ” Aldrich, “ They’ve, , Wei Chia, Wei Organizations: Taiwan CNN, CNN, , Getty, Workers, Reuters, Northeastern University Locations: Hualien, Taiwan, Taiwan’s Hualien County, Taroko, Hiroshima, Hong Kong, Shanghai, , Hualien . Yan, AFP, Hualien County, Haiti, India, China, Taipei
Rome’s Future Is a Walk Through Its Past
  + stars: | 2024-04-02 | by ( Elisabetta Povoledo | ) www.nytimes.com   time to read: +1 min
Conscious of the weight of its illustrious history, Rome has managed to preserve an impressive number of archaeological monuments in its city center. The Colosseum, the Circus Maximus and the Roman Forum and Imperial Fora are just a few of the sites clustered in the city’s heart. As Rome, which will celebrate its 2,777th birthday on April 21, moves toward its third millennium, city leaders are promoting a new vision of this area as a giant, pedestrian-friendly public space that supporters say will promote Rome’s ancient past. Normally, the area is also crawling with tourists and those who cater to them, including tour guides, street vendors and street artists. Some streets in the area are already closed to traffic besides buses and cabs, but others are busy thoroughfares that link various neighborhoods with the downtown or with the road that winds alongside the Tiber River.
Persons: Maximus, , Roberto Gualtieri Organizations: Roman, Imperial Locations: Rome, Italy
Yevhenii Zavhorodnii/Global Images Ukraine/Getty ImagesIn Ukraine the air raid alerts are incessant. Kyiv has the best air defense in Ukraine; the country lacks the resources to defend other cities this way. He noted that Ukrainian air defense had done a spectacular job that morning intercepting every single missile launched at Kyiv. The United States has essentially cut off Ukraine, and Ukrainian air defense is quickly running out of ammunition. After we landed back in JFK, we turned off the air raid sound on our phones.
Persons: Amelia Glaser, Marci Shore, Read, Mike Johnson, Vladimir Putin’s, Covid, ” –, Andrii, you’re, Oleksandr Roytburd, Roytburd, Alla Horska, Tymofiy Mylovanov, Amelia, Iya Kiva, Marci, Tetyana Ogarkova, Volodymyr Yermolenko, Putin, Tucker Carlson, Bohdan Khmelnytsky, Carlson, Khmelnytsky, Oleksandr Halenko, Gleb Garanich, texted, , Sergii, , Alina Smutko, Sergii’s, Mark Hamill –, Luke Skywalker, Agiya Zagrebelska, Arad, “ Pessimists, Rob Bauer, ” Bauer, “ I’m, Iaroslava Strikha, beholden, Donald Trump, Johnson, Arseniy Yatsenyuk, ” Putin Organizations: UC San Diego, Yale University, CNN, of Decorative, Applied Arts, Design, Warsaw —, Kyiv School of Economics, KGB, Ukrainian, Fulbright, NATO, National Agency on Corruption, Kyiv Security, United, Kyiv, National, Security Forum Locations: Russia’s, Crimea, Kyiv, New York, JFK, Warsaw, Polish, Chelm, Bucha, Russian, Yevhenii, Ukraine, Sens, Ukrainian, Crimean Tatar, KSE, Muscovy, Russia, Poland, Syria, Murmansk, Kyiv oblast, Austrian, texted, United States
The Mad Perfumer of Parma
  + stars: | 2024-03-19 | by ( Molly Young | ) www.nytimes.com   time to read: +1 min
“Parmesan” is, by the way, the correct (Anglicized) way to refer to a person from the city of Parma, which is in the Emilia-Romagna region of Italy, just below the knee of the boot. Parmesan is also, of course, the name of the province’s most famous edible contribution to humanity. Other contributions include Parma ham, the film director Bernardo Bertolucci, the conductor Arturo Toscanini and Pietro Barilla of Barilla pasta (the dark blue box at your local supermarket, not to be confused with the medium-blue box of De Cecco, which is from Abruzzo). Parma is a city of inventive door knockers and narrow streets that become belligerently slippery after one instant of rain, and racks upon racks of men’s underwear in innovatively bizarre cuts and fabrics. In the city center, it is easier to buy a bottle of scent, high-end or low, than it is to buy a carton of milk.
Persons: , Bernardo Bertolucci, Arturo Toscanini, Pietro Barilla Locations: Parma, Emilia, Romagna, Italy, Abruzzo, Grasse
Kovalonoks and Goswami got married in Turku, Finland, in August 2023. We think Finland is a good place to raise childrenMegha: We rent an apartment in Turku, a few kilometers from the city center. Megha: We would like to have a family of our own someday, and we think Finland is a good place to raise children. Courtesy of QpidindiaWe think expats in Finland face unique challengesMegha: Finland has been named the happiest country in the world six times in a row in the World Happiness Report. I think Finland has several things that allow people to be content, such as work-life balance and good healthcare and education.
Persons: , Kristaps Kovalonoks, Megha Goswami, Megha, wasn't, Kristaps, Kovalonoks, Goswami, Barbara Kaucher, we're, We've, that's, I've Organizations: Service, University of Turku, Business Locations: Finland, Estonian, Latvia, India, Turku, Nordic, Riga
When my editor suggested having someone try out Tripadvisor's free AI trip builder, I immediately volunteered — yes, because I am a team player, but also because I thought I might personally find it useful. AdvertisementThe Maui itinerary had some good ideas, but, overall, the responses were lackingThe trip planner starts by asking some basic questions:Where do you want to go? Ultimately, the Maui itinerary gave me some good ideas but also some not-so-good ones, and missed many others. Tripadvisor's AI tool was useful for initial research on MontrealUsing the tool to plan a trip to a place I know next to nothing about made me appreciate it a bit more. The most useful aspect of Tripadvisor's AI tool was that the itinerary came with a map that marked all of the attractions and restaurants it recommended.
Persons: , Tripadvisor, Hana, Hana —, Amir Eylon Organizations: Service, Business, Swiet, Maui Fish, Downtown, Longwoods International, Longwoods Locations: Maui, Montreal, Hawaii, Hana, Lahaina, Downtown Montreal, Canada
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