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☆ Activist Jana Partners calls for a strategic review at Wolfspeed. Here’s how it may develop
▼ + stars: | 2024-04-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. Wolfspeed is the world's leading producer of silicon carbide, or SiC, and a manufacturer of silicon carbide applications. Jana also recommends that the board commences a review of strategic alternatives, including a possible sale of the company. At Freshpet, Jana also made operational and capital allocation recommendations in addition to reviewing a sale of the company. Here, there has been no such mention of a "Jana Dream Team," but it is a little too early for that.

Persons: Jana, Barry Rosenstein, Rosenstein, John Palmour, Wolfspeed, Renesas, Ken Squire Organizations: John Palmour Manufacturing, Silicon Carbide, Mitsubishi Electric, 13D Locations: Siler City, N.C, Marcy, N.Y, North Carolina, Mohawk, New York, Germany, Freshpet

Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.

Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, —, Walter Sisulu, Joao Silva, New York Times Jack Martins, ”, Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, “, Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s

☆ NATO Puts on a Show of Force in the Shadow of Russia’s War
▼ + stars: | 2024-04-24 | by ( Helene Cooper | ) www.nytimes.com time to read: 1 min

About 90,000 NATO troops have been training in Europe this spring for the Great Power war that most hope will never come: a clash between Russia and the West with potentially catastrophic consequences. In Estonia, paratroopers from the 82nd Airborne Division out of Fort Liberty, N.C., jumped out of planes alongside soldiers from Colchester Garrison in Essex, Britain, for “forcible entry” operations. In Lithuania, German soldiers arrived as a brigade stationed outside Germany on a permanent basis for the first time since World War II. And on the A4 autobahn in eastern Germany, a U.S. Army captain and his Macedonian counterpart rushed toward the Suwalki Gap — the place many war planners predict will be the flashpoint for a NATO war with Russia — hoping the overheated radiator on their Stryker armored combat vehicle wouldn’t kill the engine.

Persons: Russia — Organizations: NATO, Great, 82nd Airborne, Colchester Garrison, U.S . Army, Macedonian Locations: Europe, Russia, Estonia, Fort Liberty, N.C, Essex, Britain, Lithuania, Germany

☆ House Speaker Johnson drowned out by booing crowds at Columbia University speech on Gaza protests
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

House Speaker Mike Johnson, R-La., struggled to get a word in edgewise Wednesday, battling a chorus of booing crowds during a speech at Columbia University where he condemned the ongoing student protests against Israel's bombardment of Gaza. "Enjoy your free speech," Johnson said tersely, pausing his prepared remarks to wait for the jeering to die down. Columbia Students for Justice in Palestine, a group that helped organize the protests, has said that any hate speech is not coming from its protesters but rather "inflammatory individuals who do not represent us." During Johnson's speech Wednesday, he called on Shafik to resign if she could not get a handle on the protests. After more than a week of bipartisan cooperation with Democrats to pass the aid bill, Johnson's Columbia speech appeared to be an attempt to bolster his conservative bona fides for his hardline GOP colleagues.

Persons: Mike Johnson, Johnson, tersely, Nemat, Shafik, Joe Biden, Biden, Marjorie Taylor Greene, fides, Virginia Foxx, Mike Lawler Organizations: U.S . House, Columbia University, Hamas, Israel's, Columbia, New York Police Department, Columbia Students, Justice, National Guard, Biden, GOP, Rep, Education, Workforce Locations: Israel, Palestinian, New York City, U.S, edgewise, Gaza, Columbia's, Palestine, Ukraine, Taiwan, Columbia

Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible "unlawful manipulation" of the company's stock. Trump Media, which began trading on the Nasdaq on March 26 after completing a lengthy public merger, was far and away the most expensive U.S. stock to short as of early April. The letter comes as the stock price of Trump Media, which created the social media app Truth Social and is majority-owned by former President Donald Trump, continues to trend down in volatile trading sessions. The stock dropped nearly 5% early Wednesday but turned positive before noon, trading around $33 per share.

Persons: Devin Nunes, Nunes, Patrick McHenry, Jim Jordan, Jason Smith, James Comer, Donald Trump, DJT Organizations: House Intelligence, Trump Media, Republican, GOP, Nasdaq, Financial Locations: Washington, R, Ohio, Spokespeople

☆ Opinion | The Ghost of the 1968 Antiwar Movement Has Returned
▼ + stars: | 2024-04-24 | by ( Charles M. Blow | ) www.nytimes.com time to read: +2 min

At the 1968 Democratic National Convention in Chicago, anti-Vietnam War protesters clashed with police officers — whose brutal role in the confrontation was later described by a federal commission as a “police riot” — hijacking the focus of the convention. Those young demonstrators had come of age seeing continual — and effective — protests during the civil rights movement and national mourning after the assassinations of President John F. Kennedy, Senator Robert F. Kennedy and the Rev. The movement against it began mostly on college campuses and grew. Of course, semesters end and students go home for the summer. But their opposition to the war didn’t end with the academic year.

Persons: John F, Kennedy, Robert F, Martin Luther King Jr, ”, Rennie Davis Organizations: Convention, New York Times Locations: Chicago, Vietnam, America

☆ Man Who Struck Officer With Pole on Jan. 6 Sentenced to 6 Years in Prison
▼ + stars: | 2024-04-23 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

A North Carolina man who failed to show up in court after being found guilty last year of assaulting police officers during the Jan. 6, 2021, attack on the Capitol was sentenced on Tuesday to six years in prison, a spokeswoman for the Justice Department said. The man, David Joseph Gietzen, of Sanford, N.C., was sentenced in the U.S. District Court for the District of Columbia after being found guilty by a jury in August of five felonies and three misdemeanors. On Jan. 6, according to prosecutors, he appeared to grab a U.S. Capitol Police officer “by the throat or face mask” and to strike another with a pole. The sentence was confirmed by Patty Hartman, a spokeswoman for the U.S. Attorney’s Office for the District of Columbia. Mr. Gietzen, a former programming engineer, traveled to Washington, D.C., with his brother from North Carolina on Jan. 5, 2021, to protest the results of the 2020 presidential election, court documents show.

Persons: David Joseph Gietzen, “, Patty Hartman, Gietzen Organizations: Capitol, Justice Department, District of Columbia, U.S . Capitol Police, U.S, Attorney’s, Washington , D.C Locations: Carolina, Sanford, N.C, U.S, Washington ,, North Carolina

☆ He Had Her at the Baby Moose
▼ + stars: | 2024-04-19 | by ( Tammy Lagorce | ) www.nytimes.com time to read: +1 min

In June 2021, Francis Charles Marley checked out Ashleé Michele Miller’s Match.com profile, but clicked away without so much as a like. She would have let it go if the app hadn’t pictured him cradling a baby moose in the middle of a raging Alaskan river. Ms. Miller, 35, was riding out the pandemic at her parents’ house in Reidsville, N.C., when Mr. Marley thumbed past her profile. In New York, where she had lived since 2006, sorting through men had started to feel like a part-time job. But in North Carolina, “my mom said, ‘You have to keep dating,’” she said.

Persons: Francis Charles Marley, Ashleé Michele Miller’s Match.com, Miller, Marley, ‘, ’ ”, “ Organizations: Juilliard, Adelphi University, City University of New, Deco Locations: Reidsville, N.C, Manhattan, City University of New York, New York, North Carolina, Massachusetts

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ South Africa’s 2024 National Election: What to Know
▼ + stars: | 2024-04-18 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

This year is the 30th anniversary of South Africa’s first democratic elections, but millions of people continue to suffer from economic challenges similar to those during apartheid. Most Black South Africans do not earn enough to meet their basic needs. All this has placed the African National Congress, the liberation party that has governed since the start of South Africa’s democracy, under more pressure than ever before as it enters an election on May 29. In the six previous national elections, the party comfortably won an absolute majority in Parliament, allowing it to govern as it wished. The party has also had to work hard to heal its internal divisions and address corruption among its ranks.

Organizations: African National Congress

Our Electoral College maps below lay out the best scenarios for him and Mr. Trump. In a Wall Street Journal battleground poll taken in March, Mr. Biden had only 37 percent job approval in the state. … orand The second and harder path for Mr. Trump would be if he carried only one Southern swing state – most likely North Carolina. By carrying these states, Mr. Biden has several paths to 270, but the first three scenarios are his most viable. Scenario 4 They involve Mr. Biden winning Georgia and Arizona … They involve Mr. Biden winningand Scenario 5 … or Michigan and Georgia.

Persons: Biden, Akshita Chandra, Yuji Sakai, Joe Biden, Donald Trump, Trump, Biden’s, Court’s, … orand, Hamas’s, Mr, …, —, Bill Clinton’s, Doug Sosnik, Bill Clinton Organizations: Presidency, Trump, New York Times, Electoral, Wisconsin –, Sun, Siena, Black, The Arizona, Michigan, Mr, North Carolina, Republicans, Georgia, Democrats, Congressional District, Michigan …, Wisconsin, Democratic, House Locations: Arizona, – Michigan, Pennsylvania, Wisconsin, Georgia, Nevada, North Carolina, Mich, Pa, Nev, N.C, Ariz . Ga, Wis, Ariz ., Michigan, Arizona , Michigan, Arizona , Nevada, Israel, Gaza, Nebraska, Minnesota, United States, Michigan , Pennsylvania

☆ Henry Cavill made a subtle dig at his Superman drama with WB and DC Studios: 'I don't have much luck with post-credit scenes'
▼ + stars: | 2024-04-16 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +5 min

Read previewHenry Cavill has moved past his scrapped Superman return and onto new projects, but he can still crack jokes about what could have been. In his introductory remarks before a screening of his new Guy Ritchie movie "The Ministry of Ungentlemanly Warfare" attended by Business Insider, Cavill made a subtle dig at his Man of Steel drama with DC Studios and WB. While praising his collaboration with Ritchie, Cavill noted that he'd worked with the director before, when he had a lead role in the 2015 spy film "The Man from U.N.C.L.E." I will, after all, not be returning as Superman," Cavill wrote. He also reunited with Ritchie already for the director's upcoming 2025 film "In the Grey," which will also re-team him with his "Ministry of Ungentlemanly Warfare" costar Eiza González.

Persons: —, Henry Cavill, Guy Ritchie, Cavill, Ritchie, he'd, Armie Hammer, Alicia Vikander, King Arthur :, Charlie Hunnam, who'd, King Arthur, he's, Adam, Dwayne, Johnson, Zack Snyder's, James Gunn, Peter Safran, Henry, Gunn, Safran, James, Peter, Cavill hadn't, Gus March, Phillipps, Eiza González Organizations: Service, Business, DC Studios, WB, Ungentlemanly, Hollywood, renegades, Ministry, Lionsgate

☆ D.N.C. Helped Pay Biden’s Legal Bills in Special Counsel Investigation
▼ + stars: | 2024-04-12 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

Even as some of President Biden’s top campaign officials were attacking Donald J. Trump’s campaign for soliciting donations to pay his legal fees, the Biden-aligned Democratic National Committee was helping pay for lawyers in the special counsel investigation into Mr. Biden’s handling of classified documents. has directed at least $1.7 million to lawyers since July to cover the president’s representation in the documents inquiry, a figure that pales in comparison to Mr. Trump’s use of supporters’ donations to pay his hefty legal fees. The former president has spent more than $100 million on legal bills since leaving office, relying almost entirely on donations. Federal Election Commission records show that since the investigation began last year, the D.N.C. has paid $1.05 million to Bob Bauer, the president’s lawyer.

Persons: Biden’s, Donald J, Bob Bauer, Jennifer Miller, Biden, ”, —, Axios, Barack Obama Organizations: Biden, Democratic, Committee, Commission Locations: Boston

☆ 'On life support': Senate Republicans are prepared to sink the child tax credit bill
▼ + stars: | 2024-04-10 | by ( Sahil Kapur | ) www.cnbc.com time to read: +6 min

Teddy bears, meant to represent West Virginia children, appear on the National Mall during an event with the Unbearable Campaign to urge Congress to expand the Child Tax Credit on Wednesday, February 2, 2022. Sen. Thom Tillis, R-N.C., a member of the Finance Committee, said he'd be happy to see the entire tax bill fade away. Saying the bill would "create entitlement spending that would generate significantly higher deficits," he called for spending cuts to fund the child tax credit expansion. He said there's "no question" Senate Republicans are trying to sink the bill to deny President Joe Biden an achievement in an election year. "This tax bill looks like, to me, it's in very serious trouble," he said Tuesday.

Persons: Teddy, Jason Smith, Ron Wyden, Sen, Thom Tillis, he'd, Tillis, Mike Crapo of, Mitch McConnell, Crapo, Chuck Grassley, , Grassley, who's, Richard Neal, Joe Biden, Josh Hawley, Wyden, We're, Donald Trump, that's, Chuck Schumer, he'll, we'll, Schumer Organizations: Republicans, House, Senate, Republican, Democrats, Democratic, Finance, Finance Committee, GOP, NBC, Manhattan Project Locations: West Virginia, Mike Crapo of Idaho, Iowa

☆ Jacob Zuma, South Africa’s Scandal-Ridden Ex-President, Is Running Again
▼ + stars: | 2024-04-10 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Jacob Zuma, who resigned as South Africa’s president in shame in 2018, is now staging his biggest comeback act yet by running in next month’s parliamentary elections with an upstart opposition party at the top of its ticket — the slot designated for a party’s presidential contender. Mr. Zuma’s participation in the race is a blow to a faltering African National Congress — the party he once led — which has governed the country since the end of apartheid three decades ago. and its leader, the country’s current president, Cyril Ramaphosa, are now struggling to win back the trust of voters disillusioned by a stagnant economy and years of corruption. On Wednesday, his party — uMkhonto weSizwe — released its list of national candidates with his name at the top. His party, known as MK, was formed only last December, but has already climbed in the polls, gained ground in local elections and won several legal battles for the right to contest the May 29 election.

Persons: Jacob Zuma, Mr, Cyril Ramaphosa, Zuma, — Organizations: South, African National Congress

☆ Biden's Gaza stance could cost him critical college votes in swing states
▼ + stars: | 2024-04-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

But the Israel-Hamas war has complicated the party's hold on young voters and liberals in college towns. And the dynamic has created a rocky path for Biden as he needs these voters to turn out for him this fall. AdvertisementIn 2020, Biden easily won Dane County, emerging with a 181,000-vote margin over then-President Donald Trump en route to winning Wisconsin by roughly 20,000 votes. Related storiesLast week, Biden won nearly 89% of the vote in the Wisconsin Democratic presidential primary, per unofficial AP results. Biden traveled to Madison on Monday to unveil his revamped student-loan forgiveness plan, which could aid more than 30 million borrowers.

Persons: Biden, —, Joe Biden, Dane County, Donald Trump, Megan Eisenstein, Dane Organizations: Service, Democratic, The New York Times, Trump, Wisconsin Democratic, Lawrence University Student Democrats, a College Democrats, US Locations: Israel, Madison, Wis, Hill, N.C, Gaza, Dane County, Wisconsin, Dane, Michigan

☆ J. Cole Apologizes for Kendrick Lamar Diss Track
▼ + stars: | 2024-04-08 | by ( Amanda Holpuch | More About Amanda Holpuch | ) www.nytimes.com time to read: +1 min

The rapper J. Cole apologized on Sunday for releasing a diss track about Kendrick Lamar, saying he felt “terrible” and vowing to update the song or remove it from streaming services. The apology followed an exchange of verses that began in October, when J. Cole and Drake ranked themselves, with Lamar, as the “big three” in hip-hop in the song “First Person Shooter.” In March, Lamar dismissed that comparison in a guest verse on the song “Like That” by Future and Metro Boomin, rapping that there was no big three, “it’s just big me.”In response, J. Cole on Friday released the diss track “7 Minute Drill” on his surprise new album, “Might Delete Later.” It includes the lines: “I got a phone call, they say that somebody dissing / You want some attention, it come with extensions / He still doing shows but fell off like ‘The Simpsons.’”Two days after the song was released, J. Cole apologized for it while onstage at his Dreamville Festival in Raleigh, N.C., according to videos posted on social media. During his headlining performance, he said that when he saw the response to the song after it came out, it didn’t “sit right with my spirit,” and that he was speaking about it at the concert to end the beef.

Persons: J, Cole, Kendrick Lamar, Drake, ”, Lamar, “, ’ Organizations: Future, Metro Boomin Locations: Lamar, Raleigh, N.C

☆ The Rise of Sports Betting
▼ + stars: | 2024-04-05 | by ( German Lopez | ) www.nytimes.com time to read: 1 min

In the coming days, the country’s best men’s and women’s college basketball teams will clash in the N.C.A.A. For fans, these are some of the biggest events of the year — a chance to see the best young athletes in the highest-stakes games. They are also some of the most lucrative events for sports betting apps. Six years ago, sports betting was illegal under federal law. Commercial sports betting revenue has increased 12-fold since 2019, as this chart by my colleague Ashley Wu shows:

Persons: Ashley Wu Organizations: American Gaming Association

☆ Eclipse’s Path Is Also Leaving a Trail of High Hotel Prices
▼ + stars: | 2024-04-04 | by ( Ben Blatt | More About Ben Blatt | ) www.nytimes.com time to read: +1 min

A representative from Wyndham Hotels & Resorts, the parent company of Super 8, said each Super 8 is an individually operated franchise that sets its own rates. However, all franchise owners have access to the same revenue management software that they can use to set pricing strategy. The Ritz-Carlton in Dallas is currently listing a two-night stay at $7,600 for Sunday-Tuesday. One week later, the price for a two-night stay will be $1,329. Even Super 8 hotels in Glendale, Ariz., the site of the men’s N.C.A.A.

Persons: Thelma Diller, “ I’ve, ”, “ Organizations: Wyndham Hotels & Resorts, Ritz, Carlton, Masters Locations: Dallas, Glendale, Ariz, Augusta , Ga, Augusta, Malvern , Ark

☆ In the Magnificence of Iowa’s Glow, Albany Catches Some Shade
▼ + stars: | 2024-04-02 | by ( Claire Fahy | ) www.nytimes.com time to read: +1 min

As Caitlin Clark and the Iowa Hawkeyes watched the clock wind down on their Elite Eight victory in Albany, N.Y., on Monday night, a sarcastic aside suddenly brought unwanted attention to the host city. “Good luck finding something to do in Albany,” she said. In a game that featured 36 fouls, those eight words may have landed the toughest blow. Almost 14,000 fans packed the MVP Arena on Monday, and even more traveled from around the country to crowd Albany’s hotels and restaurants over the weekend to see some of the greatest women’s college basketball teams compete. star who played for the University of Connecticut, later apologized, writing on social media that she was familiar with Albany, having spent a number of weekends there to coach her children’s sports teams.

Persons: Caitlin Clark, Clark, Rebecca Lobo, Lobo Organizations: Iowa Hawkeyes, Iowa, ESPN, University of Connecticut Locations: Albany, N.Y, New York’s, ”

☆ L.S.U.’s Kim Mulkey Courts Controversy With Style
▼ + stars: | 2024-04-01 | by ( Vanessa Friedman | ) www.nytimes.com time to read: 1 min

The smog of a Washington Post exposé may have been hanging over Kim Mulkey’s head during the L.S.U. game on Saturday afternoon, but the highest paid coach in women’s collegiate basketball wasn’t going to hide. tournament, she had given a news conference threatening a lawsuit about the article, thus calling to attention to it. In part because there she was, running up and down the sidelines and screaming her head off. A gleaming pantsuit covered in a jumble of Op Art sequined squiggles, as if Big Bird had met Liberace and they’d teamed up for “Project Runway.”

Persons: Kim Mulkey’s, sequined, Big Bird, Liberace, they’d Organizations: Washington

☆ You Can Bet on Caitlin Clark Making Threes. The N.C.A.A. Isn’t Happy.
▼ + stars: | 2024-04-01 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

women’s basketball tournament this year, with Caitlin Clark, the sport’s shining superstar, finishing with 27 points to help the Hawkeyes cruise past Holy Cross. On FanDuel, one of the main gambling sites, there is a tab on the main page just for Clark’s games. The wagering is the latest signal of the growing popularity of women’s basketball. According to BetMGM, there have been 2.5 times as many bets placed on women’s basketball as last year. Americans will legally wager $2.7 billion on the men’s and women’s N.C.A.A.

Persons: Caitlin Clark, Clark, Angel Reese, BetMGM Organizations: Hawkeyes, American Gaming Association Locations: Iowa, Louisiana

☆ Opinion | Trump Is Financially Ruining the Republican Party
▼ + stars: | 2024-03-31 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

Which leads me to gently note: Hey, Republican Party, pay attention! You are being herded toward potential financial ruin. One might assume that a presidential nominee who generates as much devotion as Mr. Trump would be a financial boon to his party. With Mr. Trump, everything is about Mr. Trump. ($44.8 million).” While the Republican base may be smitten with Mr. Trump, plenty of big-money donors are skittish about bankrolling his nonsense.

Persons: Donald Trump, barker, aren’t, Trump, MAGA, Biden’s, Axios, “ The Organizations: Republican Party, Congress, “ The Biden, Trump, Republican, Miss Universe

☆ The Many Ways Men’s Sweet 16 Players Are Being Paid
▼ + stars: | 2024-03-28 | by ( David A. Fahrenthold | Billy Witz | ) www.nytimes.com time to read: +1 min

$500 signed basketball Branded vodka and coffee “Buzzer beater” quesadillaThe Many Ways Men’s Sweet 16 Players Are Being PaidThis year’s N.C.A.A. basketball tournament is being played amid a revolutionary change in college sports: The best players are now openly recruited, retained and rewarded with cash. — under pressure from the Justice Department and state legislatures — allowed players to be paid for the use of their “name, image and likeness.” The idea was to let players endorse shoes or sports drinks. (The average men’s basketball player with a collective contract at a top school is paid $63,450, according to Opendorse, a company that processes payments to players from collectives. Every team in the men’s Sweet Sixteen has been touched by this change, which has brought windfalls to players but instability to the college game.

Persons: —, ” —, windfalls Organizations: Justice Department

☆ How the Cartels Launder Their Drug Money, According to a Former Agent
▼ + stars: | 2024-03-28 | by ( Kyle Desiderio | Ju Shardlow | ) www.businessinsider.com time to read: +2 min

Robert Mazur tells the full story of his time as a government agent investigating drug-money laundering. Mazur went undercover for the US Drug Enforcement Administration, the Internal Revenue Service intelligence division, and the Customs Service. In Operation C-Chase, Mazur successfully infiltrated the Medellín cartel by posing as a wealthy, mob-connected businessman named Robert Musella. At its peak, the Cali cartel is estimated to have produced 80% of the world's cocaine supply. It was controlled by Gilberto Rodríguez Orejuela, Miguel Rodríguez Orejuela, Pacho Herrera, and José Santacruz Londoño.

Persons: Robert Mazur, Mazur, Robert Musella, Pablo Escobar's, Gonzalo Mora, Roberto Alcaino, Robert Baldasare, Gilberto Rodríguez Orejuela, Miguel Rodríguez Orejuela, Pacho Herrera, Londoño, Bryan Cranston, John Leguizamo, Diane Kruger, B095BKWD8L Read Organizations: US Drug Enforcement Administration, Internal Revenue Service, Customs Service, New York Times, KYC Locations: Italian American, Cali

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