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Kline was drafted in 2000 by the St. Louis Rams (now the Los Angeles Rams). He was an offensive lineman until 2002, when he left the NFL after sustaining several concussions. The boutique Los Angeles firm focuses almost exclusively on sports dealmaking — though it also works on capital raises and makes its own investments. The firm's website says it has also advised on deals for franchises like the Golden State Warriors, the Miami Heat, the Los Angeles Dodgers, Bologna FC, and the San Francisco Giants. Kline works alongside Sean Clemens and Edwin Draughan, who focus on sports mergers and acquisitions.

Persons: Andrew Kline, Park Lane Andrew Kline, Lane Kline, Kline, Sean Clemens, Edwin Draughan Organizations: St, Louis Rams, Los Angeles Rams, NFL, Athletes ' Agency, Cincinnati Bengals, MLB's Cincinnati Reds, Sports Business, Golden State Warriors, Miami Heat, Los Angeles Dodgers, Bologna FC, San Francisco Giants, NCAA Locations: San Diego, Los Angeles, Angel

☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ What a Trump 2.0 Economy Would Look Like
▼ + stars: | 2024-03-15 | by ( Tim Smart | ) www.usnews.com time to read: +10 min

Overall, the Biden economic plan draws less than favorable reviews from voters. So, too, are promises of more tax cuts and a sharp curtailment of immigration. Trump was upset in 2019 that Powell was not doing enough to lower interest rates and stimulate the economy. The Trump tax cuts are set to expire in 2025, giving a second Trump administration the opportunity to fight that battle again. “A Trump 2.0 presidency would inherit very large fiscal deficits from the Biden Administration, rising interest expenses and an economy probably more prone to bouts of inflation,” the report said.

Persons: Muhammad Ali, Joe Frazier, Joe Biden, Donald Trump, Biden, Trump, There’s, ” Trump, it’s, ”, Patrick Horan, “, Tony Soprano, Patrick Kilbane, ” Kilbane, “ Trump, ” George Calhoun, Calhoun, ” Matt Gertken, Alex Nowrasteh, ” Michael Clemens, Clemens, Jerome Powell, Powell, Xi Jinping, Maria Bartiromo, reappoint Powell, Steve Mnuchin, ” Maxime Darmet, Darmet, Kevin McCarthy Organizations: Manila ”, Trump, CNBC, Monday, White, George Mason University, Ullmann Wealth Partners, Republican Party, Senate, Affordable, Quantitative, Stevens Institute of Technology, TikTok, Democratic, BCA Research, Labor, CATO Institute, Peterson Institute for International, University of Colorado, Federal Reserve, Federal, Biden, Fox Business, Trump Cabinet, House, Allianz Research, Biden Administration, U.S, Allianz Trade, Congress, GOP Locations: Manila, COVID, China, U.S, America, France

☆ Caspar David Friedrich: The German artist’s rise from obscurity to fame
▼ + stars: | 2024-01-30 | by ( Catherine Hickey | ) edition.cnn.com time to read: +6 min

Caspar David Friedrich's work "Man and Woman Contemplating the Moon." Staatliche Museen zu BerlinThe Berlin exhibition, “Caspar David Friedrich: Infinite Landscapes,” will examine the Nationalgalerie’s role in rediscovering the artist at the beginning of the 20th century. Thanks to the royal purchases, Berlin has one of the most significant collections of Friedrich works in the world. SHK/Hamburger Kunsthalle/bpkThe German museums were in discussion about loans from Russia before February 2020, Verwiebe says. In 1974, long queues formed for a Friedrich exhibition at the Hamburger Kunsthalle marking his 200th birthday.

Persons: —, Caspar David Friedrich, Alte, Dresden’s, Caspar David Friedrich's, “ Caspar David Friedrich, Birgit Verwiebe, Friedrich, Clemens Brentano, Heinrich von Kleist, Frederick William IV, ”, Frederick William III, Charlotte, Tsar Nicholas I, Friedrich's, Verwiebe, — Hitler, London’s Tate, Christina Grummt, Friedrich sketchbook, Gerhard Richter, Julian Charrière, Olafur Eliasson, Ulrike Rosenbach, Kehinde Wiley, “, ” Grummt Organizations: The Art, CNN, Hamburg’s Kunsthalle, zu, Berlin Academy, SHK, Hamburger Kunsthalle, Staatliche, Villa Grisebach, Kunst, Metropolitan Museum of Art Locations: Germany, Weimar, Greifswald, Friedrich’s, zu Berlin, Berlin, Dresden, Oakwood, ”, Russia, Hermitage, St Petersburg, Hamburger, Ukraine, German, Villa, Greenland, Hamburg, Winterthur, New York

☆ The designer of the ‘Bushwick Birkin’ is rewriting the rules of fashion
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +13 min

By contrast, even the most expensive Shopping Bags often cost less than $300. Telfar Clemens at the CFDA x Vogue Fashion Fund 'Americans in Paris' event, Paris Fashion Week, France in March 2018. Maker of the ‘Bushwick Birkin’“This Telfar bag imported. The Covid-19 pandemic sent the popularity of the Shopping Bag to new heights — new bag releases announced online sold out in minutes. ‘For everyone’In 2015, Telfar had an unusual partner at New York Fashion Week: fast-food chain White Castle.

Persons: Bella Hadid, Alexandria Ocasio, “ Abbott, they’re, Birkin, ”, Telfar Clemens —, ” Clemens, Clemens, He’s, Telfar, Telfar Clemens, Hagop Kalaidjian, Clemens “, Lois Sakany, Beyoncé, Gonzalo Marroquin, Patrick McMullan, Solange Knowles, David X Prutting, Bushwick Birkin, —, Adrienne Jones, Samia Laaboudi, Edward Berthelot, Chanel, Laticha Brown, ’, Robert F, Kennedy, Babak Radboy, “, It’s, Elliott Jerome Brown Jr, ” Sakany, Sakany, Pratt’s Jones, Radboy, ” Telfar, DiCianno, Jones, ” Jones, it’s Organizations: New, New York CNN, Rep, ABC, Brooklyn, tote, Gay Times, Fund, Paris, CNN, Liberian, New York’s Pace University, Breakfast Club, of Fashion Designers of America, Vogue, Guggenheim Museum, ” Pratt Institute, Security, New York, Reuters, Analysts, Bag Security, Fashion Institute of Technology, White, Kennedy Human Rights Liberty, Justice Fund, Old, Fast Locations: New York, Alexandria, Cortez, Bushwick, Brooklyn, Paris, France, New York City, Liberian, Queens, Liberia, United States, USA, . Clemens

☆ 'Some positive news': Ifo president on data showing improved German business sentiment
▼ + stars: | 2023-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Some positive news': Ifo president on data showing improved German business sentimentClemens Fuest, president of the Ifo institute, discusses German business sentiment after data shows improved morale for the third consecutive month in November.

Persons: Clemens Fuest

☆ Private jet version of Boeing’s 777X gets CelestialSTAR luxury cabin concept
▼ + stars: | 2023-11-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

That’s the centerpiece of Lufthansa Technik’s new cabin design for the upcoming BBJ 777-9 — the private jet version of Boeing’s new widebody aircraft, the 777X. “It’s a combination between a Middle Eastern touch and a very modern, sleek design,” says Hassan Gasim, a sales director at Lufthansa Technik. A Boeing 777-X performing a flight demonstration at the Dubai Airshow. They also come with high environmental costs, as private jets emit 10 times more pollutants than commercial planes per passenger. The Boeing 777X was one of the stars of the Dubai Airshow, where it performed a flight demonstration.

Persons: ”, Hassan Gasim, Gasim, it’s, we’ve, Giuseppe Cacace, Clemens Schrettl, Schrettl, Gary Crichlow, “, Syed Zaidi, Zaidi Organizations: CNN, Lufthansa, Boeing, Lufthansa Technik, Dubai Airshow, Technik, Getty, United, United Arab Emirates, Boeing Business Jet, Emirates airline, Airbus Locations: AFP, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, Dubai

NEW YORK (AP) — Blake Snell won the National League Cy Young Award on Wednesday after leading the majors in ERA for the San Diego Padres, becoming the seventh pitcher to earn baseball's top pitching prize in both leagues. Snell, the American League Cy Young Award recipient in 2018 with Tampa Bay, joined Gaylord Perry, Pedro Martinez, Randy Johnson, Roger Clemens, Roy Halladay and Max Scherzer as pitchers to win in both leagues. Harnessing his 95-96 mph heater and overpowering curve, Snell won eight of his last nine decisions and did not allow a run in five of his final six starts — including the last three. The four previous San Diego pitchers to win the Cy Young Award were Randy Jones (1976), Perry (1978), reliever Mark Davis (1989) and Jake Peavy (2007). The AL Cy Young was to be announced later Wednesday evening.

Persons: — Blake Snell, National League Cy Young, Logan Webb, Zac Gallen, Snell, American League Cy Young, Gaylord Perry, Pedro Martinez, Randy Johnson, Roger Clemens, Roy Halladay, Max Scherzer, Webb, Cy Young, Randy Jones, Perry, Mark Davis, Jake Peavy, ___ Organizations: National League, San Diego Padres, Baseball Writers ' Association of America, San Francisco Giants, NL, Arizona Diamondbacks, American League, Tampa Bay, Padres, Boston, Gallen, San Diego Locations: Tampa

☆ German Court deals blow to Scholz government with budget ruling
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: +1 min

Germany's constitutional court ruled on Wednesday that the government's re-allocation of 60 billion euros ($65 billion) of unused debt from the pandemic era to a climate fund was illegal, dealing a blow to Chancellor Olaf Scholz's coalition. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void. In addition, the government changed the accounting principal by which borrowing counted against the budget deficit in the year the borrowing was actually done. "The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute.

Persons: Chancellor Olaf Scholz's, Christian Lindner, Clemens Fuest Organizations: Social Democrats, Greens, Free Democrats Locations: Germany

[1/3] FILE PHOTO: German Chancellor Olaf Scholz looks on as he meets NATO's Secretary General Jens Stoltenberg in Berlin, Germany, November 9, 2023. Wednesday's decision by the constitutional court could also set a precedent for fiscal responses to future crises. "FAR-REACHING CONSEQUENCES""The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void.

Persons: Olaf Scholz, Jens Stoltenberg, Liesa, Chancellor Olaf Scholz's, Christian Lindner, Lindner, Scholz, Robert Habeck, Clemens Fuest, Ralph Solveen, Habeck, Friedrich Merz, Maria Martinez, Christian Kraemer, Ursula Knapp, Matthias Williams, Kirsti Knolle, Madeline Chambers, Susan Fenton, William Maclean, Catherine Evans Organizations: REUTERS, Rights, Finance, Union, Social Democrats, Free Democrats, Christian Democratic Union, Thomson Locations: Berlin, Germany, Ukraine

WASHINGTON (AP) — Comedian Kevin Hart has been chosen to receive the Kennedy Center's Mark Twain Prize for lifetime achievement in American humor, capping a three-decade career that has seen him rise from the open mics of Philadelphia to become one of his generation's most successful performers. Hart, in a statement, noted that the launch of the Mark Twain Prize in 1998, with inaugural recipient Richard Pryor, basically coincided with the start of his comedic career. I am grateful to the Kennedy Center for recognizing my voice and impact on culture.”Hart will receive his prize at the Kennedy Center for Performing Arts on March 24. Mark Twain recipients are honored with a night of testimonials and video tributes, often featuring previous award winners. Bill Cosby, the 2009 recipient, had his Mark Twain Prize rescinded in 2019 amid multiple allegations of sexual assault.

Persons: Kevin Hart, Kennedy, Mark Twain, Hart, Lil Kev, ” Hart, ”, Deborah F, Rutter, “, Kevin, Twain, Samuel Clemens, Richard Pryor, George Carlin, Whoopi Goldberg, Bob Newhart, Carol Burnett, Dave Chapelle, Bill Cosby Organizations: WASHINGTON, ” Kennedy, Kennedy Center, Kennedy Center for Performing Arts Locations: Philadelphia, America

☆ Germany, Like U.S., Tries to Curb Surge in Asylum Seekers
▼ + stars: | 2023-11-10 | by ( Bojan Pancevski | ) www.wsj.com time to read: 1 min

People waited at a registration center for asylum seekers in Berlin last month. Photo: clemens bilan/ShutterstockBERLIN—Germany is working on a plan to send some asylum seekers to Africa while their cases are decided, marking a U-turn for a country that has long been open to migrants but is straining under a surge in arrivals. Berlin is considering approaching Kenya, Ghana, Senegal, Morocco and others to house some asylum seekers while they await approval of their applications, a process that can sometimes take years, according to several German officials familiar with the discussions. The plans, which are still being negotiated, could include permanently resettling those that fail to win refugee status in those countries, officials said, as well as incentivizing those with some right to protection in Germany to settle in third countries.

Persons: clemens bilan Organizations: BERLIN — Locations: Berlin, BERLIN, BERLIN — Germany, Africa, Kenya, Ghana, Senegal, Morocco, Germany

Here are the meanings of the 10 hardest words that have also been used in New York Times articles. Working with future Confederate Gen. Edward Porter Alexander, Myer developed the Army’s “wigwag” flag system. (June 24, 2019)10. atilt — askew:Think compression tops patterned à la one-shouldered tanks and sweatpants chopped up and wrapped into lappa-like long shorts. And the star of the Liberian flag strategically placed throughout, though slightly atilt, as though being blown sideways in a sprinter’s wake. — Clean Energy, Cherished Waters and a Sacred California Rock Caught in the Middle (Oct. 24, 2023)The list of the week’s easiest words:

Persons: callaloo, bok choy, Rose Nzada, Ned Rorem, wigwag —, Edward Porter Alexander, Myer, libidinal, efflorescence, John Turturro, venule, —, tailcoat, They’re, cloaca, atilt — askew, — Telfar Clemens, Waters Organizations: New York Times, Community, Confederate, Liberian, Clean Energy Locations: New, West, Cameroon, Bronx, Central, Northern, Southern California, Gaviota, California

☆ Former Red Sox knuckleballer Wakefield dies at 57
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] Boston Red Sox starting pitcher Tim Wakefield throws a pitch to the New York Yankees in the first inning of their MLB American League baseball game at Yankee Stadium in New York September 25, 2011. REUTERS/Ray Stubblebine/File Photo Acquire Licensing RightsOct 1 (Reuters) - Former Boston Red Sox pitcher Tim Wakefield, whose unpredictable knuckleball flummoxed opponents during a career in which he won two World Series championships, died on Sunday after a battle with brain cancer. "Tim's kindness and indomitable spirit were as legendary as his knuckleball," said Red Sox principal owner John Henry. After a standout season for Boston's Triple-A minor league team, Wakefield was a hit with the Red Sox in 1995, going 16-8 with a 2.95 ERA in what might have been his best season. "We are deeply saddened by the loss of Tim Wakefield, one of the most unique pitchers of his generation and a key part of the most successful era in the history of the Boston Red Sox," said MLB Commissioner Robert Manfred.

Persons: Tim Wakefield, Ray Stubblebine, Cy Young, Roger Clemens, Wakefield, Roberto Clemente, John Henry, ", Robert Manfred, knuckleball, Frank Pingue, Christian Radnedge Organizations: Boston Red Sox, New York Yankees, MLB American League baseball, Yankee, REUTERS, Wakefield, Major League Baseball, Boston, Pittsburgh Pirates, Red Sox, Pittsburgh, Pirates, Boston's Triple, Thomson Locations: New York, Boston, Toronto

CNN —Longtime Boston Red Sox pitcher Tim Wakefield died Sunday morning at age 57, the team announced in a news release. “Our hearts are broken with the loss of Tim Wakefield,” the Red Sox posted on X on Sunday. His 186 victories in his Red Sox career are just six behind team record-setters Young and Roger Clemens. At his retirement announcement in February 2012, Wakefield said all he ever wanted to do was to help the Red Sox be champions. “Tim’s kindness and indomitable spirit were as legendary as his knuckleball,” said Red Sox owner John Henry.

Persons: CNN —, Tim Wakefield, Wakefield, of Famer David Ortiz, “, ”, Bob Ryan, Roberto Clemente, Cy Young, Young, Roger Clemens, Wakefield’s, Yoon, John Henry, Rob Manfred, Manfred, Tim, ” Manfred, Curt Schilling, Schilling, ” Wakefield, Stacy, Trevor, Brianna Organizations: CNN, CNN — Longtime Boston Red Sox, Red Sox, Red Sox Nation, Sox, of Famer, Wakefield, Pittsburgh Pirates, American League, MLB, Sporting News, ” Red Sox, Boston Globe, Red Sox Foundation, Boston Red Sox, Cancer, Pirates Locations: ”, “

☆ German business sentiment worsens in September - Ifo
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Sept 25 (Reuters) - German business morale deteriorated in September, falling for the fifth month in a row, a survey showed on Monday. The Ifo institute said its business climate index stood at 85.7 versus a forecast of 85.2, according to analysts polled by Reuters. "The German economy is treading water," Ifo president Clemens Fuest said. Companies were less satisfied than in the previous month with their current business situation. Reporting by Friederike Heine and Maria Martinez, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Clemens Fuest, Friederike Heine, Maria Martinez, Miranda Murray Organizations: Reuters, Companies, Thomson

But the challenge facing Fulton County Judge Scott McAfee in Georgia is unlike any of the others. For one, he is the only judge so far to allow television cameras in the courtroom to broadcast hearings and any trials. And the trials will play out in a battleground state that Trump narrowly lost in 2020. But the experience of some judges who have been thrust into the public eye point to potential pitfalls and dangers ahead for the 34-year-old Georgia native. “Hopefully, you have a life outside the law,” Cahill said during his talk in Reno about handling high-profile cases.

Persons: Peter Cahill, Derek Chauvin, George Floyd, you’re, ”, Donald Trump, Scott McAfee, Rudy Giuliani, Mark Meadows, McAfee, Aileen Cannon, Reggie Walton, Lewis ” Scooter, Libby, Dick Cheney, Roger Clemens, “, Lance Ito, Simpson, Critics, Jay Leno ”, Elizabeth Scherer, Nikolas Cruz, Cruz, Scherer, Eric Davis, Tanya Chutkan, Ito, Judy, he's, Han Chung, Chung, Trump's, E, Susan Garsh, Aaron Hernandez, ” Garsh, Fani Willis, Trump, Willis, — Chutkan, Barack Obama, Juan Manuel Merchan, Merchan, Chutkan, Brian Kemp, Kemp, ” Cahill Organizations: ATLANTA, Minnesota, National Judicial College, New York, Trump White House, Trump, Georgia, Senior, Associated Press, Los Angeles Superior, Delaware, Systems, Fox News, American Bar Association, U.S, New Yorker, McAfee, Massachusetts, New England Patriots, AP, Patriots, University of Georgia, Republican, Federalist Society, Emory University, Georgia Aquarium Locations: Minneapolis, Reno , Nevada, Fulton, Georgia, U.S, Florida, Los, Parkland, Washington, Fulton County, Gwinnett County, Reno

☆ I made $124,000 last year answering people's questions about their antiques. Here's how I turned my passion into a remote job that gave me financial freedom.
▼ + stars: | 2023-09-22 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I moved to New York, where I landed a job with a fine-art gallery and auction house. I left the art scene in New York and worried how I'd be able to make a living from art and antiques there. For a while, I sold antiques I'd bought on eBay and Etsy and did freelance work for clients in New York. I wanted to work in antiques remotelyI wanted to be able to work from home helping people around the world identify the value of art, antiques, and collectibles. This job gave me financial freedom, and I was able to buy a houseI was especially busy during the COVID-19 pandemic.

Persons: Nora Curl, Rookwood, Nelson Shanks, Ronald Reagan, Bill Clinton, I'd, — there's, I'm, There's, I've, Samuel Clemens, Samual Clemens, Mark Twain Organizations: Art, Art Basel, eBay, Mayflower Locations: Pennsylvania, Los Angeles, New York, London, Miami, Christie's, England, JustAnswer

From the start, the courtroom drama in the impeachment trial of Ken Paxton, the Texas attorney general, has centered on a confrontation between the larger-than-life Houston lawyers brought in by each side to argue the case. In Mr. Paxton’s corner, there is Tony Buzbee, a well-tanned orator and onetime candidate for mayor of Houston, who successfully defended Rick Perry, a former governor of Texas, against charges of abuse of office. Not to be outdone, the House impeachment managers brought in their own big guns: Dick DeGuerin, whose list of clients included the Waco cult leader David Koresh, and Rusty Hardin, a defender of criminally accused athletes like Roger Clemens and Scottie Pippen. The voices of these high-profile lawyers have echoed for days in the towering chamber of the Texas State Senate, underscoring the unusual nature of the case. The impeachment trial, now expected to wrap up by week’s end, is the first of a statewide official in Texas in more than a century, and it has become a showcase for the deepening rifts within the Republican Party, both in the state and nationally.

Persons: Ken Paxton, Houston, Tony Buzbee, Rick Perry, Dick DeGuerin, David Koresh, Rusty Hardin, Roger Clemens, Scottie Pippen Organizations: Waco, Texas State Senate, Republican Party Locations: Texas, Houston

The Ifo institute said on Friday that its business climate index stood at 85.7, down from 87.4 in July. Reuters Graphics"The German economy is not out of the woods yet," Ifo president Clemens Fuest said. The economy then posted zero growth in the second quarter compared to the previous three months, separate data from the statistics office showed on Friday. The Ifo survey showed sentiment among German managers had become more pessimistic across all sectors in August. The Ifo survey chimed with flash PMI data released on Wednesday, which showed that German business activity contracted at the fastest pace for more than three years in August.

Persons: Annegret, Clemens Fuest, Christian Lindner, Klaus Wohlrabe, Claus Niegsch, Niegsch, Andrew Kenningham, Carsten Brzeski, Maria Martinez, Friederike Heine, Mark Potter, John Stonestreet Organizations: REUTERS, Reuters, . Finance, DZ Bank, Reuters Graphics, Capital Economics, Thomson Locations: Berlin, Germany, BERLIN, Europe

The National Pork Producers Council (NPPC), the pork industry trade group, supports the Ending Agricultural Trade Suppression (EATS) Act, a bill introduced by U.S. Animal welfare groups say Proposition 12 is necessary because some sows and hens are housed in cages so small they cannot turn around. "We ultimately don’t believe the EATS Act is aligned with progress in animal welfare," Carey said. Hormel Foods <HRL.N> and Tyson Foods (TSN.N) did not respond to questions about the EATS Act. All of its 750 ranchers are in compliance with Proposition 12, said vice president of communications Kerri McClimen.

Persons: Randy Hutton Jr, Leah Millis, Roger Marshall, Ashley Hinson, Clemens, Tyson, Bryan Humphreys, Chris Carey, Carey, Jim Monroe, Brian Moscogiuri, Galina Hale, Chris Green, Randy Hutton, Jr, Hutton Jr, Perdue, Kerri McClimen, Leah Douglas, David Gregorio, Marguerita Choy Organizations: REUTERS, U.S ., Pork Producers Council, U.S, Clemens Food Group, Supreme, Reuters, Smithfield Foods, Tyson Foods, University of California, Harvard Law School's Animal Law, Niman, Thomson Locations: Chestertown , Maryland, U.S, California, U.S . Congress, Smithfield, Santa Cruz, Shore

☆ Germany is finding it difficult to get out of a recession, economist says
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany is finding it difficult to get out of a recession, economist saysClemens Fuest, economist and president of IFO, says it "looks like general conditions are worsening" and "restrictive monetary policy is having its effect on demand."

Persons: Clemens Fuest, IFO

☆ Drop in German business morale points to longer recession
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Summary Business climate index fell to 88.5 in June from 91.5 in MayBoth business expectations and current business conditions fellProbability of longer recession risesBERLIN, June 26 (Reuters) - German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe's largest economy faces an uphill battle to shake off recession. "Sentiment in the German economy has clouded over noticeably," Ifo's president Clemens Fuest said. Indeed, expectations were much more pessimistic, with the related Ifo index falling to 83.6 from May's 88.3. "The probability has increased that gross domestic product will also shrink in the second quarter," he said. "We feel confirmed in our forecast that the German economy will shrink again in the second half of the year," Commerzbank's chief economist Joerg Kraemer said.

Persons: Clemens Fuest, Carsten Brzeski, Brzeski, Klaus Wohlrabe, Urban, Franziska Palmas, Joerg Kraemer, Maria Martinez, Rene Wagner, Friederike Heine, Matthias Williams, Hugh Lawson Organizations: ING, Companies, Reuters, Oxford Economics, Capital Economics, Thomson Locations: BERLIN, U.S, Germany, German, Europe

☆ Fact Check-Quote about truth and fools is falsely attributed to Mark Twain
▼ + stars: | 2023-06-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

American writer Samuel Langhorne Clemens, known by his pen name Mark Twain, did not say, “The truth has no defense against a fool determined to believe a lie,” according to experts familiar with his life and work. – Mark Twain.”“Perfect description of a liberal Democrat,” reads one comment, while another says, “Yup, people who believe in god is biggest example.”Reuters did not find the quote attributed to Twain in websites dedicated to his work, such as the Mark Twain Project Online (here), the Center for Mark Twain Studies (here) and Twain Quotes (www.twainquotes.com/). “I can't say that I know of any evidence, in print or manuscript, that Clemens said that,” said Robert H. Hirst, general editor of the Mark Twain Project Online and curator of the Mark Twain Papers (here, here) in an email to Reuters. “In fact, I have not seen an attribution to Twain dated prior to 2021.”VERDICTFalse. There is no evidence that American writer Mark Twain said this quote.

Persons: Samuel Langhorne Clemens, Mark Twain, ”, “ Yup, Twain, Clemens, Robert H, Hirst, “ it’s, ” Matthew Seybold, ” Seybold, “, Twain’s, Read Organizations: ” Reuters, Mark, Mark Twain Studies, Reuters, Center, Elmira College

☆ Goldman Sachs: "Fully orthodox" policy maker could raise Turkey rates to 40%
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

The Wall Street bank, in an overhaul to a number of its forecasts for Turkey, said stabilising the economy "will require a large, and we think discontinuous, adjustment to the exchange rate." While guidance was for the monetary policy framework was still missing at this stage, the bank noted, a "fully orthodox policy-maker" would allow the exchange rate to adjust upfront and would raise the repo rate to a level where it anchored interest rates in the economy. "In our view, this suggests that an orthodox policy-maker would raise rates to 40%, the current level of deposit rates," Clemens Grafe said in a note to clients. Grafe added that once the exchange rate and inflation expectations stabilised, rates could be lowered quickly, possibly to 25% by end-year. Goldman Sachs also cut Turkey's GDP forecast to 2.3% year-on-year in 2023, from previously 2.9%.

Persons: Goldman Sachs, Mehmet Simsek, Hafize Gaye Erkan, Clemens Grafe, Grafe, Karin Strohecker, Dhara Organizations: Thomson Locations: Turkey

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