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Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

☆ Insurance stocks are rallying as a way to play one of the hottest spots for inflation
▼ + stars: | 2024-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The stubbornly high inflation readings to start 2024 are good news for one group of stocks — insurance companies. Stocks to watch In general, Wall Street analysts are buying the underlying story for these insurance stocks. For a slightly different angle, Wells Fargo analyst Elyse Greenspan upgraded Hamilton Insurance Group to overweight last week. Potential downsides To be sure, there are several factors that could derail the rally for insurance stocks. Another concern is so-called "social inflation," in which legal trends or regulatory changes can drive costs higher for insurance companies.

Persons: Goldman, Robert Cox, Stocks, Goldman's Cox, Cox, Wells, Elyse Greenspan, Hamilton, HG, Greenspan, Jimmy Bhullar, Andrew McGee, McGee, — CNBC's Michael Bloom Organizations: Bureau of Labor Statistics, Allstate, Wall Street, PGR, Progressive, Hartford Financial Services, Hamilton Insurance Group, U.S . Insurance, JPMorgan, CNBC Locations: Northbrook , Illinois, Wells Fargo

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ The Fed itself is the biggest risk to a soft landing for the US economy, top economist says
▼ + stars: | 2024-01-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The Fed is the biggest risk to a soft landing for the economy, former Fed official Claudia Sahm said. The Fed is the biggest risk to the soft landing." Instead, an "unnecessary" recession created by elevated interest rates would be far worse. Advertisement"The idea that the worst thing that the Fed can do is cut and then raise is dangerous," she wrote. For the Fed to reverse its rate cuts wouldn't be the worst thing in the world, Sahm said.

Persons: Claudia Sahm, —, Chris Waller, Raphael Bostic, Sahm, Paul Volcker, Alan Greenspan, Jerome Powell, that's Organizations: Service, Atlanta Fed, Fed

☆ Yardeni worries the Fed could fuel an 'irrational exuberance' bubble with rate cuts
▼ + stars: | 2024-01-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Federal Reserve is risking a dotcom bubble-like market problem unless it lowers Wall Street's expectations for interest rate cuts, widely followed market strategist Ed Yardeni said. Yardeni is worried that aggressive Fed easing "risks fueling irrational exuberance," a term that former Fed Chair Alan Greenspan coined in 1996 for the runup in stock prices ahead of the dotcom bubble bursting. Those developments come a little more than a week ahead of the Fed's next policy meeting Jan. 30-31. "The Fed's last big mistake was falling behind the inflation curve in 2021 and early 2022," Yardeni said. "The Fed's next big mistake could be inflating a speculative stock market bubble.

Persons: Ed Yardeni, Jerome Powell, Alan Greenspan, we've, Powell, Yardeni Organizations: Federal, Yardeni Research, CME

of X Elon Musk speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Elon Musk on Sunday reinstated the account of conspiracy theorist Alex Jones on X, formerly Twitter, reneging on a year-ago vow to keep Jones off the social network. Users of the Elon Musk-led X social media platform had anticipated the reinstatement of Jones since at least Thursday, when Musk said he would consider reinstating Jones. Musk said Jones "cannot break the law," but that if he does spread misinformation, X's community notes feature will correct him. X has allowed Tate to monetize his account and Tate has said that he generated tens of thousands of dollars on X, previously.

Persons: Tesla, X Elon Musk, Elon Musk, Alex Jones, Jones, Sandy, Sandy Hook, Infowars, Musk, Andrew Tate —, Tate, monetize, Travis Brown, Jack Sweeney, Aaron Greenspan, MMfA, he's, Donald Trump Organizations: SpaceX, New York Times, Elon, Twitter, Elementary, Sandy Hook Elementary School, Associated Press, Media, America Locations: New York City, Sandy, Newtown , Connecticut, Texas and Connecticut, Romania, New York

☆ Here’s what the S&P 500’s summer hot streak can teach us about the late 2023 rally and its staying power
▼ + stars: | 2023-12-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

In the final run-up to the late-July peak in stocks this column surveyed the rally , and asked, "Enough for now? .SPX YTD line The S & P 500's year-to-date performance Yes, the market is overbought by various technical measures. Meanwhile, Wells Fargo and Barclays are seeing the S & P 500 as dead money next year, at best. The virtues of owning the S & P 500 passively have always been low cost, tax efficiency, low turnover and broad exposure to the asset class. While 2021 was a Nasdaq 100 melt-up year, 2022 was the mirror image: Big Tech got blasted and the equal-weight S & P 500 held up better.

Persons: Goldman Sachs, Morgan Stanley, Wells, Jack Bogle, Alan Greenspan's Organizations: Federal, Deutsche, Deutsche Bank and Bank of America, Barclays, Hamas, Nasdaq, Nvidia, Meta, Apple, Microsoft, Big Tech, matchless, Treasury Locations: Wells Fargo, Israel

Bank of Japan Governor Kazuo Ueda attends a press conference after its policy meeting in Tokyo, Japan October 31, 2023, in this photo taken by Kyodo. In addition, interest rate changes were asymmetric — Fed rate hikes following stock market recoveries were usually muted compared with the initial cuts. This was an explicit, open-ended policy to hold the currency at a set level and flood the Swiss economy and markets with oceans of liquidity, but essentially still a central bank put. As Marc Chandler at Bannockburn Global Forex points out, it is financial stability that is ultimately - and rightly - at the heart of the so-called central bank put. "There is a perception or myth that has built up around the central bank put.

Persons: Kazuo Ueda, Alan Greenspan, Louis, William Poole, Greenspan, Steven Englander, Marc Chandler, Chandler, Jonathan Oatis Organizations: Japan, Kyodo, REUTERS Acquire, Rights, Bank of Japan, Federal Reserve, Louis Fed, Swiss National Bank, Standard Chartered, National Bureau of Economic Research, Swiss, Reuters, Bannockburn Global, Thomson Locations: Tokyo, Japan, Rights ORLANDO , Florida, New York, Switzerland, Swiss, Bannockburn

☆ Opinion | The Fed Could Inadvertently Get Trump Re-Elected. Should It Care?
▼ + stars: | 2023-11-01 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

The names Joe Biden and Donald Trump are scarce on the website of the Federal Reserve. When they do appear in a document, it’s rarely something said or written by a Fed governor or staffer. Phillips, a defunct economist from New Zealand who gave his name to the Phillips curve, which compares inflation and unemployment, is all over the Fed website — “Your query for ‘A.W. The Fed can swing the economy, and the economy can swing elections. But there’s nothing usual about this election because there’s nothing usual about Donald Trump, the likely Republican nominee.

Persons: Joe Biden, Donald Trump, ” —, Phillips, A.W, Phillips ’, ”, that’s, George H.W . Bush, Alan Greenspan, “, ” Bush Organizations: Federal Reserve, Fed, Federal, Republican Locations: New Zealand

Lewis and executive producer Hunter Arnold tell The Associated Press that the jukebox musical “The Heart of Rock & Roll” — constructed from Lewis' songs — will play the James Earl Jones Theatre starting March 2024, capping more than 10 years of gestation. And it has a lot of heart and it’s about love, basically,” Lewis said. “People ask me, ’What’s it about, ”The Heart of Rock & Roll”? They won a Grammy Award, for best music video for “The Heart if Rock ‘n’ Roll,” and “The Power of Love” was nominated for an Academy Award. “It’s wonderfully demanding and wonderfully rewarding, and we’re just happy to have a shot at it.”___Mark Kennedy is at http://twitter.com/KennedyTwits

Persons: — Huey Lewis, Lewis, Hunter Arnold, James Earl Jones, It’s, ” Lewis, “, it’s, ”, Brian Usifer, Jonathan A, Abrams, Hunter, Tyler Mitchell, Kayla Greenspan, There's, Arnold, ” Huey Lewis, —, “ Chicago ”, Billy Flynn, we’re, ” ___ Mark Kennedy Organizations: The News, Associated Press, James Earl Jones Theatre, Globe, “ Sports, Broadway Locations: “ Chicago

☆ An Orange Cake From a Revolutionary Chef
▼ + stars: | 2023-11-01 | by ( Lisa Donovan | ) www.nytimes.com time to read: +4 min

I was a baking-and-pastry devotee and did not yet have the experience of working among ornery savory chefs with their own idols and heroes. Ms. Lewis was as savory a chef as I had studied at that point, but I mostly focused on her pies, cakes and breads. Back then, I regretted when savory chefs commandeered the dessert menu. This is the trademark of pastry chefs of my generation. We have been brought up in both worlds, learning the rules and then adjusting to our moment and materials, as savory chefs do.

Persons: Sal, Aaron, Jesse, Pierre Hermé —, Hermé’s, Dorie Greenspan —, Claudia Fleming, Gina DePalma, Lindsey Shere, Elisabeth Prueitt, Edna Lewis, Lewis, Paul Bertolli’s, Panisse Organizations: Big Locations: Oakland, Calif

☆ A Once Powerful Fashion Executive Testifies in His Sexual Assault Trial
▼ + stars: | 2023-10-25 | by ( Vjosa Isai | More About Vjosa Isai | ) www.nytimes.com time to read: +1 min

But Mr. Greenspan said that the defense’s evidence would “render the revisionist history which the complainants have provided inaccurate, unreliable and untrustworthy.”He told jurors that Mr. Nygard had waived his right to remain silent to testify in his own defense. At 82, his distinctive flowing hair was white and was pulled back into a large low bun, with a pair of orange tinted glasses sitting on his nose. “By necessity, we had to work to survive,” Mr. Nygard said, recalling his job at a textile factory under difficult conditions where his mother worked as a sewing machine operator. “The only way that you could have this type of success is that you would just outwork the next guy,” he later added. His company, which he founded in 1967, grew to 2,000 employees, competing with the likes of Tommy Hilfiger and Ralph Lauren, he said, popularizing a type of polyester that made him known as the “polyester king” and turned him into a celebrity in the fashion world.

Persons: Greenspan, ”, Nygard, Nygard’s, Mr, Tommy Hilfiger, Ralph Lauren Locations: Finland, Winnipeg , Manitoba

☆ America’s Debt Crisis Burns While Congress Fiddles
▼ + stars: | 2023-10-20 | by ( Tim Smart | ) www.usnews.com time to read: +9 min

Last month, the Penn Wharton Budget Model from the University of Pennsylvania came out with an analysis of the debt crisis entitled “When Does Federal Debt Reach Unsustainable Levels?”Their answer? The concern is that punting the problem into the future, continuing to raise debt even as interest rates rise further or hold at higher levels for longer, the debt will grow even faster in a “snowball” scenario. Similar proposals have been offered over the years but at the same time they seem to lack political support – indeed, Republicans have recently voiced the idea of cutting Social Security. The debt crisis is rapidly worsening at a time when the bond market is having its own set of problems. A recent government auction of debt, an occurrence that is becoming more common as the U.S. borrows more, saw weak demand.

Persons: Dick Cheney, Richard Neal, Democrats –, Blu Putnam, Alan Greenspan, Ben Bernanke, Jerome Powell, ”, Gene Steuerle, Richard B, Fisher, probity, Kevin McCarthy, Kent Smetters, Boettner, Smetters, Richard Robis, Donald Trump Organizations: Capitol, Democratic, Massachusetts, The New York Times, Federal Reserve, Partisans, Democrats, Fed, CME Group, Social Security, Medicare, Urban Institute, California Rep, Penn Wharton Budget, University of Pennsylvania, University of Pennsylvania's Wharton School, Wharton, Social, Republicans, Treasury, Hamas, BCA Research, White House Locations: U.S, United States, Washington, China, Japan, Israel

☆ Why an economic soft landing may prove elusive
▼ + stars: | 2023-10-13 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

His latest book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism”, won’t make him any friends in monetary policymaking circles. The Fed responded by reducing interest rates to zero and employing various tools to lower bond yields. These economic imbalances prevented central banks from returning interest rates to normal levels. Unless, that is, liberalising economic reforms are enacted that boost productivity and allow interest rates to rise. Bernard Conolly’s book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism” was published in hardback in September.

Persons: Bernard Connolly, Connolly, won’t, they’ve, Michael Woodford, ”, Alan Greenspan, staved, Lehman, Edward Chancellor’s “, Bernard Conolly’s, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, European Monetary Union, European Commission, Banks, U.S . Federal, stoke, Lehman Brothers, Fed, Reuters Graphics, Treasury, Securities, Thomson Locations: U.S, United States, British, Europe, American, “, ”, disequilibrium, intertemporal, Central

☆ We've been posting our way through the Israel-Hamas war. But should we be?
▼ + stars: | 2023-10-13 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThe past six days on social media have been a heartbreaking and deeply disturbing experience. "Trying to explain the Israeli-Palestinian conflict in one picture is almost like a Second City sketch. Before social media, conversations like this would typically happen over coffee or at the workplace — likely still with some disagreement. But many social media users fall victim to misinformation, which has spread like wildfire even in the first week of this war. Dagnes said that just by virtue of posting something, anyone can be an expert to social media users — never mind that person's actual qualifications or life experience.

Persons: —, Alison Dagnes, It's, Dagnes, Ken Paulson, they're, Mohammed Abed, Charlie Warzel, Rachel E, Greenspan, Tweeting, Paulson Organizations: Service, Free, Center, Middle Tennessee State University, Getty, MSNBC, Instagram Locations: Israel, Gaza, al, Karama, Gaza City, AFP

☆ Bank of England warns U.S. tech stock valuations may be out of whack
▼ + stars: | 2023-10-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Valuations for U.S technology stocks may be too high given the current macroeconomic backdrop and spike in rates, according to the Bank of England. "Given the impact of higher interest rates, and uncertainties associated with inflation and growth, some risky asset valuations appear to be stretched," the BoE's financial policy committee said Tuesday. "Stretched risky asset valuations increase the likelihood of a greater correction in prices if downside risks to growth materialise." To be sure, this isn't the first time that a central bank has warned of valuations over the years, but as a general rule, central bankers would rather not offer an opinion on any specific market price.

Persons: BoE, premia, Ben Bernanke, Lehman, Alan Greenspan, Greenspan's, — CNBC's Scott Schnipper Organizations: Bank of England, Microsoft, Nvidia, Lehman Brothers Locations: City, London, Britain, U.S

Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate rapidly, rekindling concerns about inflation. SOFT LANDING? The mid-cycle slowdown or “soft landing” of 1989/90 and the cycle-ending “hard landing” of 1990/91 are usually considered as one episode. Blinder has argued the Federal Reserve would have achieved a soft landing if oil prices had not spiked for unrelated reasons. Related columns:- Global diesel shortage boosts prices (September 13, 2023)- Prolonged U.S. manufacturing slowdown barely dents energy use (September 5, 2023)- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)- U.S. manufacturing slowdown fails to rebuild diesel stocks (August 2, 2023)John Kemp is a Reuters market analyst.

Persons: Bing Guan, Alan Blinder, Blinder, Saddam Hussein’s, ”, Saddam Hussein, Alan Greenspan, John Kemp, Alexander Smith Organizations: Angeles Refinery, California Air Resources Board, Institute, Supply, Federal Reserve, Reserve, Global, U.S, Thomson, Reuters Locations: Angeles, California, Carson , California, U.S, Kuwait, Blinder, United States, Europe, China

Families are "squeezing to make ends meet," caught between rising prices and a lack of accessible child care, Kim Bracey, chief executive of the YWCA York, told Powell. Julie Keene, owner of Flinchbaugh’s Orchard, zeroed in on inflation, and pressed Powell on the uncertain environment businesses have having to navigate. In conversations with shopkeepers, Powell and Harker focused on aspects of the businesses and the owners' backgrounds - not inflation or the impact of interest rates. Speaking with Reuters ahead of their arrival at her shop she said high interest rates were pressing her hard. "I mean, lower the interest rates," she said.

Persons: Jerome Powell, Evelyn Hockstein, Powell, Kim Bracey, Julie Keene, Keene, Bracey, Gallup, Alan Greenspan, Patrick Harker, Michelle Wright, Mane, Wright, Harker, Drayden, Jennifer Heasley, Howard Schneider, Dan Burns Organizations: Federal, Federal Reserve, REUTERS, Monday, YWCA York, Philadelphia Fed, Luxe, York Central Market, Thomson Locations: Washington , U.S, Pennsylvania, York , Pennsylvania, Philadelphia, Flinchbaugh’s Orchard, zeroed, Keene, Powell

☆ Jim Cramer’s guide to investing: Examining 1987’s historic crash
▼ + stars: | 2023-09-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said he thinks investors not only need to know what to do in case of a market crash or enormous sell-off, but why the crisis might be occurring. Over the course of Cramer's decades-long career, he said he's seen only two "truly horrifying" sell-offs: the crash of 1987 and the rolling crash of 2007 to 2009 during the financial crisis. To Cramer, the crash during the Covid-19 pandemic doesn't compare to either of these because the market rebounded immediately. But Cramer noted a difference between the two, saying the crash in 1987 wasn't caused by an overarching failure of the economy. But during the financial crisis, the market took years to recover, not bottoming until 2009 after the Dow initially plunged in 2007.

Persons: CNBC's Jim Cramer, he's, Cramer, wasn't, Dow, Alan Greenspan Organizations: Federal

He called the U.S. central bank's misreading of the issue "a major failure" that can mar analysis of where the economy stands. Since 2016, policies from the vastly different Trump and Biden administrations have combined in a sort of accidental complementarity to keep both job and economic growth above the Fed's estimate of potential. Median Fed policymaker projections of potential U.S. economic growth have slid from a level around 2.5% a decade ago to 1.8% as of June 2023, when the last projections were issued. Under pressure from colleagues to raise interest rates as the economy accelerated, Greenspan resisted and accommodated the expansion instead of fighting it. But it could help economic growth continue even as prices cool, another prop for the "soft landing" the Fed hopes to engineer and possible evidence of rising potential.

Persons: John Williams, Joe Biden, Adam Posen, Donald Trump, Trump's, Biden, Dana Peterson, Peterson, Jerome Powell, Board's Peterson, Alan Greenspan's, Greenspan, Jackson, John Fernald, Huiyu Li, Michael Feroli, Antulio Bomfim, Powell, Howard Schneider, Paul Simao Organizations: Federal Reserve, New York Fed, San Francisco, Fed, Reuters, BlackRock, Bank of England, Peterson Institute for International Economics, Trump, Biden, Conference Board, Jackson, San Francisco Fed, JPMorgan, Trust Asset Management, Thomson Locations: U.S, Jackson Hole , Wyoming, Washington

☆ A Fast, Fresh Pasta for Those Perfect Peak Tomatoes
▼ + stars: | 2023-07-31 | by ( Melissa Clark | More About Melissa Clark | ) www.nytimes.com time to read: +2 min

Add to cooked pasta, garnish with a handful of basil and dinner is done. I’ve been making tomato salads almost every evening, and I have to admit I’ve grown weary of my olive-oil-salt-basil minimalism. Kay Chun’s Thai-style crunchy vegetable salad, with its dressing of fish sauce and lime, turns out to be the perfect antidote. Peak summer is also peak slow cooker. It’s fancier, richer and less sweet than American icebox cakes, though you’re permitted to skip the chocolate curls on top.

Persons: I’ve, Kay Chun’s, Kay, they’re, Sarah DiGregorio’s, Genevieve Ko’s, Moka Dupont, It’s, you’re Locations: French

If the U.S. economy has a "soft landing" - no recession this year with inflation near target, and only a mild downturn next year with unemployment staying historically low - Jerome Powell may lay claim to being the most successful Fed chief in history. Powell was frequently on the receiving end of public lashings from his then boss - "Clueless," "horrendous lack of vision" and "pathetic!" "Kudos to Powell if he can achieve a soft landing. Greenspan, dubbed 'the Maestro' by his admirers, was Fed chief from 1987 to 2006. Not only that, his 36% rating was the lowest of any Fed chair since the survey series began in 2001.

Persons: Jerome Powell, Powell, Janet Yellen, Donald Trump, Trump, Paul Volcker, Alan Greenspan, Volcker, Greenspan, Joe LaVorgna, Alan Blinder, Goldman Sachs, Jan Hatzius, Hatzius, Joe, Jamie McGeever, Andrea Ricci Organizations: Powell's, Republican, Nikko Securities, Trump White House, Reuters, New York Fed, Gallup, Thomson Locations: ORLANDO, Florida, U.S

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Opinion | Can Social Security Be Fixed Forever?
▼ + stars: | 2023-07-03 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

In 1983, the main Social Security trust fund came within months of being exhausted. Max Richtman, the president and chief executive of the National Committee to Preserve Social Security and Medicare, told me he thinks it’s too long. He wrote in a recent Substack post that even 75 years isn’t long enough to look ahead. That’s three times the size of the gap in today’s dollars when projecting ahead 75 years. Making Social Security safe for only 75 years effectively assumes that all beneficiaries will “conveniently expire” at the end of the 75th year and so won’t need checks, he said.

Persons: Alan Greenspan, Max Richtman, it’s, ”, “, he’d, Laurence Kotlikoff, I’ve, there’s, Steve Laffey, Kotlikoff, aren’t, ” Laffey Organizations: Social Security, National Committee, Preserve Social Security, Boston University Locations: Cranston, R.I

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