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☆ Hyper-luxury golf carts that you can drive on the road
▼ + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.

Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, –, “, Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, ”, we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, €, London

☆ Bike lanes are good for business
▼ + stars: | 2024-03-07 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

Freaked-out business owners have been fighting bike lanes coast to coast, in cities from San Diego to Cambridge, Massachusetts. Rowe compared sales taxes in these “Neighborhood Business Districts” with those in similar districts in the city that didn’t get bike lanes. In one NBD, which replaced car lanes and three parking spots with two bike lanes, sales closely tracked those in the bike-less areas, both in peaks and troughs. Sometimes nothing changed, but more often the areas near bike lanes wound up with more employees and more revenue. It’s the new normal.” All the data in the world may prove that bike lanes are good for business.

Persons: —, ”, Joseph Poirier, Nelson Nygaard, “, It’s, I’ve, Kyle Rowe, Rowe, it’s, Poirer, Jenny Liu, Wei Shi, Liu, Poirier, Shi, ” Liu, downtowns, who’s, Larisa Ortiz, ” Poirier, Adam Rogers Organizations: —, University of Washington, New York City Department of Transportation, ”, San, Portland State University, Center for Urban Studies, Portland State, Boston Globe, Automobile, Getty, Business Locations: San Diego, Cambridge , Massachusetts, Los Angeles, Seattle, New York, Brooklyn, Manhattan, Bronx, ”, San Francisco, there’s, Oregon, Portland, San Francisco , Minneapolis, Memphis, Minneapolis, America’s, downtowns, United States, Chicago ; New York City, Angeles

Voters in El Salvador this week gave their tough-on-crime president a sweeping mandate: Keep going. Mr. Bukele’s unparalleled rise comes down to a single factor: El Salvador’s stunning crime drop. The crackdown Mr. Bukele has led on organized crime has all but dismantled the infamous street gangs that terrorized the population for decades. Since March 2022, when Mr. Bukele declared a state of emergency that suspended basic civil liberties, security forces have locked up roughly 75,000 people. The conditions that enabled Mr. Bukele’s success and political stardom are unique to El Salvador, and can’t be exported.

Persons: Nayib Bukele, Hugo Chávez, Evo Morales, Bukele, — Locations: El Salvador

☆ Opening iconic New York City streets to pedestrians meant an extra $3 million in spending last year — and helped save local businesses during the pandemic
▼ + stars: | 2023-10-11 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +6 min

Last year, New York City opened Fifth Avenue as a pedestrian street on December weekends. During the 2022 holiday season, New York City Mayor Eric Adams turned an 11-block stretch of the iconic Fifth Avenue into an "open street" for three weekends in December. This is just the latest example highlighting New York City's efforts to pedestrianize busy corridors. At the same time, Open Streets saw the number of businesses on them grow by 10%, while non-pedestrianized streets saw a 20% decrease in the number of businesses. However, there are downsides to Open Streets in New York City.

Persons: —, Eric Adams, Adams, That's, he's, Ting Liu, Tom Harris Organizations: New York City, Service, Mastercard, New, Office of Technology, Innovation, Bloomberg Associates, Times, Times Square Alliance, Columbia University Mailman School of Public Health Locations: New York, Midtown, New, —, Astoria, Queens, New York City

TORONTO (AP) — Three generations of a Ukrainian family sit in a van in the documentary “In the Rearview.” They stare straightforward, staggered by all they’ve left behind. “I come from an aristocratic family,” one woman says in the film. The biggest battleground isn’t just a war zone but the home. In recent years, Canada has reckoned with its past treatment of Indigenous people, including heinous sterilization programs and forced-schooling systems. “Coming to New Zealand, being Māori, we don’t see enough of ourselves on screen,” Waititi said.

Persons: ”, “, Maciek Hamela’s van, Um Tae, Lee Byung, Ly’s, ” Ly, Oscar, Les, Alexis Manenti, Cameron Bailey, Waititi, ” Waititi, ” Hollywood’s, ” Andrew Haigh’s “, —, Cord, Jeffrey Wright, Hayao, Miyazaki, Alexander Payne’s “, Paul Giamatti, Da’Vine Joy Randolph, Dominic Sessa —, Agnieszka Holland’s “, Raoul Peck’s “, James Baldwin, –, Melvin, Peck, William Tecumseh Sherman, Garrison Frazier, Jonathan Glazer, Rudolf Höss, Christian Friedel, Hedwig, Sandra Hüller, Glazer, Nikolaj Arcel’s “, Mads Mikkelsen, Jonathan Demme’s, David Byrne, Jake Coyle Organizations: TORONTO, Toronto, America Samoa soccer team, “, Twitter Locations: Ukraine, Seoul, South Korea, Paris, Batiment, France, Canada, America, New Zealand, ” Toronto, Venice, New England, Belarus, Poland, Haitian, North Carolina, Georgia, Auschwitz, Denmark, Jutland Heath

☆ 36 Hours in Charleston, S.C.
▼ + stars: | 2023-09-14 | by ( Ariel Felton | ) www.nytimes.com time to read: +1 min

3:30 p.m. Tour downtown’s Black historyTake in history on foot with Lost Stories of Black Charleston , a two-hour walking tour that starts at Buxton Books on King Street and explores two downtown neighborhoods: the French Quarter and South of Broad. On a recent stroll, the author and historian Damon Fordham (who said he never gives the same tour twice), pointed out the Broad Street location of the country’s first known Black law firm, Whipper, Elliott, and Allen, which opened in 1868. In front of the South Carolina Historical Society, he spoke of Denmark Vesey, a free Black man who, in 1822, planned an unsuccessful slave revolt. When his plan was revealed, white Charlestonians burned down Emanuel African Methodist Episcopal Church, where Mr. Vesey was a member. The church was rebuilt in 1872 (and again in 1891, following an earthquake) and was the site of the 2015 shooting that claimed the lives of nine Black churchgoers.

Persons: Damon Fordham, Elliott, Allen, Denmark Vesey, Vesey Organizations: Buxton Books, King, South, South Carolina Historical Society, Emanuel African Methodist Episcopal Church Locations: Charleston, Broad, South Carolina

☆ TIFF 2023: What to watch at the Toronto Film Festival
▼ + stars: | 2023-09-07 | by ( Jenna Zucker | ) www.reuters.com time to read: +3 min

The logo of the Toronto International Film Festival (TIFF) is seen in Toronto, Ontario, Canada September 10, 2021. REUTERS/Mark Blinch/File photo Acquire Licensing RightsTORONTO Sept 7 (Reuters) - The Toronto International Film Festival (TIFF) is back for its 48th edition, welcoming movies from around the world to premiere in Canada. The event comes right after the Venice Film Festival, where actor Adam Driver slammed the streaming sites for their lack of flexibility over the demands of writers and actors guild. Sean Penn and Dakota Johnson are expected at the festival to promote their film "Daddio." Last year, German film "All Quiet on the Western Front" premiered at TIFF and won four Oscars, including best international feature film.

Persons: Mark Blinch, Cameron Bailey, Adam Driver, Driver, Ferrari, Roy Thomson, Peter Street, Nickelback, Sean Penn, Dakota Johnson, Paul Dano, Seth Rogen, Shailene Woodley, Pete Davidson, Paul Giamatti, Hayao Miyazaki, Patricia Arquette's, Kristin Scott Thomas, Anna Kendrick's, Chris Pine's, Michael Keaton's, Knox, Lil Nas, Rustin, Pedro Almodovar, Jane Campion's, Campion, Jenna Zucker, Divya Rajagopal, Denny Thomas, Sandra Maler Organizations: Toronto, Film, REUTERS, Hollywood, Venice Film, Roy Thomson Hall, Royal Alexandra Theatre, Scotiabank Theatre, Wales Theatre, King, University, SAG, TIFF, Thomson Locations: Toronto , Ontario, Canada, Venice, Toronto's, Spanish

☆ People online are mocking a bizarre crossover that's turned arms manufacturer Lockheed Martin into streetwear in South Korea
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users on X and TikTok spotted Lockheed Martin brand streetwear being sold online in South Korea. "Why is lockheed martin making streetwear for swagged out Asians," wrote one user on X. The South Korean company told Insider in an email that it acquired the official Lockheed Martin license brand through an agency. The collection was spotted by X user @wiggerwakanda on Friday, which read: "why is lockheed martin making streetwear for swagged out Asians." "Military industrial complex sponsored Korean streetwear is wayyyy too insane to have made it onto my 2023 bingo card," X user @candidspeaks posted on Wednesday.

Persons: Lockheed Martin, lockheed martin, streetwear, Doojin Yanghang, opaleyes369, Daily's Shin Organizations: Lockheed, lockheed, Service, Won, South, CNN, Yale, Billboard, Kodak, Equity Management Locations: South Korea, swagged, Wall, Silicon, American, Korean, Korea

☆ Israel’s Supreme Court Prepares to Rule on Its Own Fate
▼ + stars: | 2023-08-10 | by ( Isabel Kershner | More About Isabel Kershner | ) www.nytimes.com time to read: +1 min

For the first time in Israel’s history, all 15 of its Supreme Court justices will crowd onto the bench on Sept. 12 to hear a case together. The reason: This one is so momentous that it could not only decide the powers of the court itself but also kindle a constitutional crisis. The 15-member court — which meets in a graceful building of beige stone, straight lines and arches on a hill in Jerusalem alongside Parliament — includes secular liberals, religiously observant Jews and conservative residents of Jewish settlements in the occupied West Bank. One justice is an Arab Israeli; six are women, including the court’s president. Many Israelis fear that the overhaul will weaken the court as a check on the government, currently the most right-wing and religiously conservative in Israeli history; accelerate a rightward shift of the judiciary that started almost a decade ago; and make it more politicized and less independent.

Persons: — Organizations: West Bank Locations: Jerusalem, Arab

☆ King Street Co-Founder Brian Higgins talks his credit playbook
▼ + stars: | 2023-08-01 | 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 EmailKing Street Co-Founder Brian Higgins talks his credit playbookBrian Higgins, King Street Capital Management co-founder & managing partner, joins 'Closing Bell Overtime' to talk the credit crunch, his playbook for opportunities in the credit market and more.

Persons: Brian Higgins Organizations: King, King Street Capital Management

☆ Watch CNBC's full interview with King Street's Brian Higgins
▼ + stars: | 2023-08-01 | 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 EmailWatch CNBC's full interview with King Street's Brian HigginsBrian Higgins, King Street Capital Management co-founder & managing partner, joins 'Closing Bell Overtime' to talk the credit crunch, his playbook for opportunities in the credit market and more.

Persons: King Street's Brian Higgins Brian Higgins Organizations: King Street Capital Management

☆ Allied to sell UDC portfolio to KDDI Corp for C$1.35 bln
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

June 21 (Reuters) - Allied Properties Real Estate Investment Trust (AP_u.TO) on Wednesday said it has entered into an agreement to sell its urban datacenter portfolio to Japanese telecommunications provider KDDI Corporation (9433.T) for C$1.35 billion ($1.02 billion). The portfolio comprises Toronto's 151 Front Street West and 905 King Street West, along with a leasehold interest in 250 Front Street West. Allied will use around C$1 billion of the sale proceeds to retire debt and the balance to fund its upgrade and development activity over the remainder of 2023 and into 2024, the company said. Scotiabank, CBRE and Aird & Berlis LLP are advisers to Allied for the transaction, while BofA Securities, Borden Ladner Gervais LLP and Nishimura & Asahi are acting as advisers to KDDI. ($1 = 1.3222 Canadian dollars)(This story has been corrected to change to Canadian dollar from U.S. dollar throughout and adds conversion)Reporting by Pratyush Thakur in Bengaluru; Editing by Dhanya Ann Thoppil and Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Berlis, Borden Ladner Gervais, Pratyush Thakur, Dhanya Ann Thoppil, Pooja Desai Organizations: Real, Investment Trust, KDDI Corporation, King Street, West, Scotiabank, BofA Securities, Borden Ladner Gervais LLP, Nishimura, Asahi, Thomson Locations: CBRE, Bengaluru

On a warm Friday at noon, the Upper West Side, Manhattan, location of Janie's Life-Changing Baked Goods sees a steady stream of customers. Tucked below street level, the bakery's small but inviting, greeting patrons with the rich smell of butter and a colorful display of some of its signature cookies: triple berry pie crust cookie, chocolate pie crust cookie, pecan pie crust cookie, apple pie crust cookie … In the back, CEO and founder Janie Deegan is running around and putting the final touches on some other pie crust cookies. The pie crust cookie is 'my honor roll student'Even as she sold favorites like fancy cakes, Deegan experimented. She brought her pie crust cookie. CNBC Make It"I took cakes off the menu and really just concentrated on pie crust cookies and our other cookies," she says.

☆ It's not easy being a bicyclist in the US. Better infrastructure could help.
▼ + stars: | 2023-03-30 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

Advocates are asking for more funding for bike safety measures, in addition to e-bike tax credits. The best way to address biking safety concerns, advocates say, is to build better bike infrastructure, including a robust system of bike lanes. If passed, the law wouldn't directly address the most pressing safety and infrastructure concerns facing bicyclists, but advocates say it could help. At the same time, this growing community of new bicyclists would likely demand better bike lanes and other infrastructure. Ultimately, advocates say it's about return on investment: More bikes, and better bike infrastructure, could lead to big savings for commuters and a rethinking of how everyone navigates their landscape.

☆ Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium
▼ + stars: | 2023-03-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

In November, one of the world's most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. "You can't readily find that managerial experience at other hedge funds and Goldman is a perfect place to look for those people." 8 former Goldman Sachs leaders are now Millennium execsEnglander isn't alone — firms rarely are in the copycat world of multistrats. In a statement to Insider, Abbey Collins, a spokesperson for Goldman Sachs, said, "Goldman Sachs has always been and remains a talent magnet.

☆ WeWork reaches deals to cut debt, extend maturities
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

Under the deals announced Friday, key investor SoftBank Group Corp's (9984.T) $1.0 billion unsecured notes would be converted to equity. The Japanese company held a stake of about 46% in WeWork before the restructuring was announced, as per Refinitiv data. About $1.9 billion of pro-forma debt will now mature in 2027, WeWork said, adding that it would have less than $2.0 billion in net debt once the deal closes. WeWork, which went public in 2021 after a two-year struggle, is yet to post a quarterly profit. PJT Partners LP advised WeWork on the debt restructuring, while Houlihan Lokey advised SoftBank.

Spreads indicate the premium investors demand to hold corporate bonds rather than safer government debt. However, some investors expect credit spreads may widen again to reflect a recession potentially ahead. Hedge funds and some asset managers short credit, meaning they are betting on a fall in a bond's price, by buying products like credit default swaps (CDS), which rise in value if the risk of a credit default event increases. Primary markets indicate there is no lack of demand for corporate bonds. They expect credit spreads to widen in the first half of this year.

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