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☆ China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
▼ + stars: | 2024-05-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The automaker is the joint venture partner of Honda and Toyota in China, and has an electric car brand called Aion. Expanding outside ChinaLike other automakers in China, GAC is also turning overseas. China's overseas car sales surged last year, putting the country on par with Japan as the world's largest exporter of cars. Dyer expects that to drive overseas demand for Chinese electric cars. Chinese consumers placed almost twice as much importance on tech features compared with U.S. consumers, Dyer said, citing AlixPartners' survey.

Persons: Evelyn Cheng, Tesla, Feng Xingya, Feng, Wei Haigang, Wei, Stephen Dyer AlixPartners, There's, Stephen Dyer, AlixPartners, Dyer, BYD, Nio, CATL, Zhong Shi Organizations: CNBC, GAC, Labor, Huawei, Honda, Toyota, China Passenger Car Association, EU, U.S, Factories, Greater China Business U.S, Ministry of Commerce, Tech, Volkswagen, SAIC Motor, Battery, China Automobile Dealers Association, Automotive, Robotics, Lotus Technology, Geely Locations: Beijing, Evelyn Cheng BEIJING, China, East, Mexico, Japan, Malaysia, Thailand, Egypt, Brazil, Turkey, Amsterdam, Greater China, Asia, U.S, Europe

☆ At least 123 Chinese automakers are facing off against Tesla for EV dominance
▼ + stars: | 2024-04-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

About 123 car companies sold electric vehicles, an auto consultant told WSJ. AdvertisementCompetition in the electric vehicle sector is only getting stiffer for Tesla in China, but what does that space exactly look like? AdvertisementAs Business Insider's Linette Lopez noted in February, automakers received a huge lift from Beijing as it doled out government subsidies to any car company that would contribute to the country's pivot to electric vehicles. AdvertisementStill, Tesla remains one of the country's top EV sellers, and only a few brands compete with the US-based automaker. The competition, however, comes amid a slowdown in EV sales that's being felt in the US and China.

Persons: —, Stephen Dyer, Insider's Linette Lopez, Lopez, Tesla, Dyer, BI's George Glover, BYD Organizations: EV, Service, Tesla, Wall Street, Kiel Institute, The Locations: China, Beijing, Germany, —

☆ Graham Sutherland’s study for the portrait Winston Churchill hated goes up for auction
▼ + stars: | 2024-04-19 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +7 min

Churchill is talking about his own portrait, commissioned to celebrate his 80th birthday, as it is unveiled in London’s Westminster Hall in November 1954. This painted study of Churchill by Sutherland, made in preparation of the portrait, is up for auction for the first time. Tristan Fewings/Getty Images for Sotheby'sWhile “The Crown” is not a documentary, it is true that the 80th birthday portrait —described by Churchill as “filthy and malignant” in a letter to his personal doctor — was burned. “(Sutherland) caught him in a much more relaxed, intimate way,” Zlattinger said of the study, a small canvas painted in oils. Graham Sutherland, seen with his-then unfinished but eventually much-maligned portrait of Churchill.

Persons: it’s, ” Winston Churchill, John Lithgow, Graham Sutherland, Stephen Dillane, ”, Churchill, ” Sutherland, “, Judas, Churchill’s, Clementine, Harriet Walter, Sutherland, Tristan Fewings, —, ” Andre Zlattinger, “ He’d, He’d, Churchill —, Alfred Hecht, ” Zlattinger, Hatshepsut of, Baron, Queen Elizabeth I, Robert Blyth ,, Elizabeth “, Queen Victoria, Elizabeth, Ira B, Nadel, ” Blyth, Elizabeth I, Blyth, ” Dr Caroline Rae, Stalin, ” Bryn Sayles, Jacob Epstein, Alexis Schwarzenbach, Queen Elizabeth, King George VI, Queen Elizabeth II, Cecil Beaton, Sayles, Gary Oldman’s Organizations: CNN, Hall, Modern, Irish, Sotheby’s New, Royal Museums Greenwich, Art, University College London, Conservative Party Locations: Sotheby’s, Sotheby’s New York, London, Sutherland, Queen, Downing, Suez, Blenheim, Oxford, New York, British, Swiss

☆ News organizations urge Biden and Trump to commit to presidential debates during the 2024 campaign
▼ + stars: | 2024-04-14 | by ( ) www.cnbc.com time to read: +4 min

Twelve news organizations on Sunday urged presumptive presidential nominees Joe Biden and Donald Trump to agree to debates, saying they were a "rich tradition" that have been part of every general election campaign since 1976. Asked on March 8 whether he would commit to a debate with Trump, Biden said, "it depends on his behavior." The Republican National Committee voted in 2022 to no longer participate in forums sponsored by the Commission on Presidential Debates. The Trump campaign has not indicated it would adhere to that, but did have some conditions. There was no immediate response from the Trump campaign.

Persons: Joe Biden, Donald Trump, Trump, Biden, Susie Wiles, Chris LaCivita, Abraham Lincoln, Stephen Douglas, Chris Wallace, it's, Crooked Joe Biden Organizations: Moody, Republican, NewsNation, Democratic, ABC, CBS, CNN, Fox, PBS, NBC, NPR, Associated Press, Trump, Republican National, Commission, Fox News, Univision, USA, Television Locations: Tuscaloosa , Alabama, Illinois, Pennsylvania

☆ How Dana Walden could defy critics and become Disney's first female CEO
▼ + stars: | 2024-04-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +22 min

The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.

Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, —, Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America

☆ Starship’s monumental third flight ends unexpectedly
▼ + stars: | 2024-03-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Instead, the company utilizes flight tests to gather crucial data and make improvements before the next vehicle rolls out for liftoff. Defying gravityThe SpaceX Starship spacecraft lifts off from the Starbase in Boca Chica, Texas, on Thursday. Chandan Khanna/AFP/Getty ImagesStarship’s eventful third test flight achieved multiple milestones before ending prematurely and likely breaking apart. The spacecraft was expected to splash down in the Indian Ocean at the end of its hourlong flight, but SpaceX lost Starship’s signal shortly after the vehicle reentered Earth’s atmosphere. However, the third flight of Starship flew longer and higher than either of the previous tests.

Persons: Chandan Khanna, axolotls, Stephen Dalton, ”, Randal Voss, Jiji Press, James Webb, “, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, SpaceX, Getty, Starship, University of Kentucky College of Medicine, NASA’s, Golden Records, Clipper, Japan Monkey, Jiji, Gorillas, James Webb Space Telescope, CNN Space, Science Locations: South Texas, Texas, Boca Chica , Texas, Turkey, Xochimilco, Inuyama, United States, Columbia , South Carolina, Panama, —, Scarborough , England

☆ Forget cash — it's time to move into fixed income, Franklin Templeton strategist says
▼ + stars: | 2024-03-01 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Investors should move out of cash and into fixed income with some duration, said Franklin Templeton's chief market strategist, Stephen Dover. Franklin Templeton's inflation forecast is more conservative than the U.S. Federal Reserve's. The investment firm expects the core personal consumption expenditures price index to fall to 2.7% by the end of the year, versus the U.S. Federal Reserve's projections of 2.4%. The markets' "biggest screaming issue" is the $6 trillion sitting in money market funds right now, he said. "We would advise those investors to move out of that cash and take some duration move into fixed income," he added.

Persons: Franklin, Stephen Dover, Dover Organizations: U.S Locations: U.S . Federal

☆ The chief market strategist at $1.6 trillion Franklin Templeton breaks down how many rate cuts to expect this year. Plus, why the 'irrational exuberance' in stocks could be over by year-end.
▼ + stars: | 2024-02-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Expect four rate cuts in 2024 that will bring the federal funds rate to 4.30% by year-end, according to the Franklin Templeton Institute Global Investment Management Survey, which compiles the views of the firm's 300 senior investment professionals who work across equities, fixed income, and alternatives. That's still more cuts than the Federal Open Market Committee projects in its dot plot: three reductions and a fed funds rate of 4.63% by year-end. Stephen Dover, chief market strategist and the head of the Franklin Templeton Institute, expects those rate cuts to begin closer to June or July and be 25 basis points each. For now, Dover pointed to a strong US economy, with solid jobs and GDP growth, as working against the possibility of earlier rate cuts. This will be another sticky point that the central bank will likely consider and could impact when cuts happen, he said.

Persons: Stephen Dover, Dover, there's Organizations: Franklin Templeton Institute Global Investment Management Survey, Federal, Franklin Templeton Institute

☆ Investors should move money out of cash and into fixed income with some duration: Strategist
▼ + stars: | 2024-02-15 | 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 EmailInvestors should move money out of cash and into fixed income with some duration: StrategistStephen Dover from Franklin Templeton discusses his market view, saying there is a "high concentration" of earnings expectations in a few companies, namely the Magnificent Seven in the current market environment.

Persons: Stephen Dover, Franklin Templeton

☆ Here's how the cast of 'Bob Marley: One Love' compares to the real-life people they play
▼ + stars: | 2024-02-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Kingsley Ben-Adir plays Reggae legend Bob Marley. Kingsley Ben-Adir in "Bob Marley: One Love" and Bob Marley in front of his house at 56 Hope Road on July 9, 1979, in Kingston, Jamaica. Paramount Pictures / Charlie Steiner - Hwy 67 Revisited / Getty ImagesMost of "Bob Marley: One Love" takes place between 1976 and 1978. On December 3, 1976, Marley was the victim of an assassination attempt when a group of armed men stormed his home in Kingston, Jamaica. Marley eventually returned to Kingston in 1978 to perform at his free concert.

Persons: Kingsley Ben, Adir, Bob Marley, Charlie Steiner, Marley, Stephen Davis, Stone, Davis Organizations: Paramount Pictures, People's National Party, PNP Locations: Kingston , Jamaica, Jamaica, London, Kingston

☆ He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.
▼ + stars: | 2024-02-10 | by ( Stacy Cowley | Emma Goldberg | ) www.nytimes.com time to read: +1 min

In the early 1980s, 19-year-old Jordan Belfort — who would go on to become known as the Wolf of Wall Street, a title he bestowed on himself in a tell-all memoir — had a fortuitous encounter on Jones Beach, on Long Island, with another teenager selling ice cream named Stephen Drescher. The two became friends. Prosecutors would later note their shared hustling spirit, a drive for entrepreneurialism that curdled into a drive for grift. Within a few years, Mr. Belfort started building a pump-and-dump stock-scam empire. Mr. Drescher went down not long after, convicted of securities fraud and sent to federal prison for nearly four years.

Persons: Jordan Belfort —, —, Stephen Drescher, Belfort, Drescher, Martin, Mr Organizations: Prosecutors Locations: Jones, Long, Martin Scorsese’s

☆ Amazon's Prime Video lands exclusive NFL playoff game next season
▼ + stars: | 2024-02-09 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon Prime Video logo displayed on a phone screen and Amazon Prime Video website displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on July 26, 2022. Amazon 's Prime Video has won the exclusive rights to stream a National Football League playoff game next season, a source familiar with the matter told CNBC. Last month, NBCUniversal's Peacock showed an NFL Wild Card game between the Kansas City Chiefs and the Miami Dolphins, marking the first time a playoff game was broadcast exclusively on a streaming service. NBCUniversal had looked to keep the streaming-only playoff matchup next season, according to The Wall Street Journal, which first reported on Amazon's latest deal with the the NFL. Amazon has said there are 80 million active Prime Video households in the U.S.— CNBC's Stephen Desaulniers contributed reporting.

Persons: NBCUniversal's Peacock, NBCUniversal, NBCUniversal didn't, — CNBC's Stephen Desaulniers Organizations: Amazon, Amazon Prime, National Football League, CNBC, NFL, Kansas City Chiefs, Miami Dolphins, Wall Street, Peacock Locations: Krakow, Poland, U.S

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the NFL's streaming transformationWith the highest-rated programming, the priciest ad time and rights deals worth billions, the NFL is the most valuable content in media. And now its moves onto streaming platforms like Amazon Prime Video, YouTube and Peacock are having ripple effects across the media and tech landscape. CNBC's Julia Boorstin speaks with the NFL's Chief Media and Business Officer, Brian Rolapp, the VP and Global Head of Sports for Amazon Prime Video, the President of Peacock and other experts to learn how streaming is changing the business of the NFL.

Persons: Peacock, CNBC's Julia Boorstin, Brian Rolapp Organizations: NFL, Amazon, YouTube, NFL's Chief Media, Business, VP, Sports, Amazon Prime

☆ Berkshire Hathaway vice chairman Charlie Munger dies at 99
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +12 min

Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.

Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, ”, Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, —, STEVE SOSNICK, “, ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL

☆ Fire Season in Australia Has Started, Early and Ominous
▼ + stars: | 2023-11-26 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

The warmest winter on record, followed by an unusually warm and dry spring. Hundreds of fires along Australia’s east coast, including one that razed 53 homes in Queensland. It’s not yet summer, but Australia’s fire season is well underway, in the latest example of how climate change is altering the rhythms of life across the Earth. Stoked by the El Niño weather pattern, it is the first dry and hot year since the Black Summer of 2019-2020. “We’re still at the very beginning of the fire reason, and already we’ve had hundreds of fires since early October,” Western Australia’s emergency services minister, Stephen Dawson, said on Friday.

Persons: We’re, we’ve, Stephen Dawson Locations: Queensland, Perth, El

☆ Look to small caps for alpha opportunities, says Federated Kaufmann's Stephen Denichilo
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLook to small caps for alpha opportunities, says Federated Kaufmann's Stephen DenichiloStephen Denichilo, Federated Kaufmann small cap fund, joins 'Power Lunch' to discuss opportunity finds in the small cap sector.

Persons: Stephen Denichilo Stephen Denichilo, Kaufmann

☆ Pentagon identifies Army soldiers killed in helicopter crash in eastern Mediterranean Sea
▼ + stars: | 2023-11-13 | by ( Haley Britzky | ) edition.cnn.com time to read: +5 min

“Chief Warrant Officer 3 Stephen Dwyer, Chief Warrant Officer 2 Shane Barnes, Staff Sgt. Cade Wolfe were truly SOF professionals and are among the nation’s finest soldiers,” Col. Roger P. Waleski Jr., commander of the 160th SOAR (Abn. In 2020, he “fully dedicated himself to the organization” by resigning his commission and becoming a warrant officer, the Army release says. His awards and decorations include the Air Medal with Combat device, Army Commendation Medal and Army Achievement Medal with combat device. He volunteered for an assignment with the 160th SOAR and completed the regiment’s “extensive training and assessment program” this year.

Persons: Stephen R, Dwyer, Shane M, Barnes, Tanner W, Andrew P, Cade M, Wolfe, Stephen Dwyer, Shane Barnes, Tanner Grone, Andrew Southard, Cade Wolfe, ” Col, Roger P, Waleski Jr, “, ”, Jonathan Braga, ” Braga, Barnes ’, Grone, Southard, Lloyd Austin, ” Austin Organizations: CNN, Pentagon, 160th Special Operations Aviation Regiment, Apache, Abn, US Army Special Operations Command, Operations, US European Command, Army Special Operations Command, United States Military Academy, Army, Star, UH, Gonzaga University, Staff, 160th, Hawk, Combat Aviation Brigade, Overseas Service Ribbon, 25th Combat Aviation Brigade, 1st Battalion, Overseas Service, Defense, America Locations: Clarksville , Tennessee, Sacramento , California, Gorham , New Hampshire, Arizona, Mankato , Minnesota, Israel, Iraq, Afghanistan, Korea, Hawaii, 160th SOAR

☆ Louis Oliver Gropp Dies at 88; Led Shelter Magazines Through Turmoil
▼ + stars: | 2023-10-30 | by ( Penelope Green | More About Penelope Green | ) www.nytimes.com time to read: +1 min

Stephen Drucker, the veteran shelter magazine editor who worked for Mr. Gropp in the 1970s, said by phone: “Lou saw himself as a business head. It was the only magazine in its category — magazines with circulations between 400,000 and 1 million — to do so. By 1987, however, Mr. Liberman and S.I. They gave her House & Garden instead. Mr. Gropp was typically sanguine.

Persons: Stephen Drucker, Gropp, Lou, ”, Liberman, Newhouse, Condé, Anna Wintour, —, William Shawn, Grace Mirabella, Kazanjian, Calvin Tomkins, “ Alex, Alexander Liberman ”, Elle Décor Organizations: Mr, & Garden, S.I, Vogue, The Locations: British, Newport Beach, Calif, Yorker

☆ World Cup 2023: Previous World Cup finals
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +5 min

PARIS, Oct 25 (Reuters) - On Saturday, New Zealand take on South Africa in the 2023 Rugby World Cup final at the Stade de France, with both teams hoping to win a record fourth title. Mapimpi scored the first try in the 66th minute, becoming the first Springbok to score a try in a World Cup final, despite South Africa having won two previous titles. The teams had met in the pool stage with South Africa winning 36-0. Fullback Jonathan Webb scored two penalties for England, whose decision to ditch their forward-reliant tactics for an expansive running game backfired. 1987 - NEW ZEALAND 29 FRANCE 9 (AUCKLAND)The All Blacks laid down the marker in the first World Cup final, dominating from start to finish as flyhalf Grant Fox's kicking helped his team gain territory time and again.

Persons: Makazole, Cheslin Kolbe, Handre Pollard, Mapimpi, Richie McCaw, Flyhalf Dan Carter, Beauden Barrett's, Tony Woodcock, Stephen Donald, Percy Montgomery, Francois Steyn, Alain Rolland's, Mark Cueto, England's Jonny Wilkinson, Australia's Elton Flatley, Wilkinson, Matt Burke, Ben Tune, Owen Finegan, Nelson Mandela, Jonah Lomu, Joel Stransky's, Webb Ellis, Tony Daly, Michael Lynagh, Fullback Jonathan Webb, flyhalf Grant Fox's, Michael Jones, David Kirk, John Kirwan, Pierre Berbizier, Rohith Nair, Aadi Nair, Christian Radnedge Organizations: Stade de France, England, Springbok, South, Blacks, Wallabies, Springboks, South Africa, ZEALAND, Fullback, Fox, Thomson Locations: New Zealand, South Africa, ENGLAND, YOKOHAMA, Japan, AUSTRALIA, TWICKENHAM, FRANCE, AUCKLAND, France, PARIS, England, SYDNEY, CARDIFF, Australia, JOHANNESBURG, Bengaluru

☆ Senate Confirms Biden’s Nominee to Lead the F.A.A.
▼ + stars: | 2023-10-24 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

The Senate on Tuesday confirmed Michael G. Whitaker, a former Obama administration official, to lead the Federal Aviation Administration, filling a key vacancy that had persisted for more than 18 months. His swift bipartisan confirmation underscored the desire of lawmakers on both sides of the aisle to install a permanent administrator atop the nation’s aviation regulator. Mr. Whitaker now faces the challenge of stabilizing an agency that has been in turmoil and providing the flying public with the confidence that the country’s air travel system is safe and reliable. A system outage grounded flights nationwide in January, and a series of near collisions at airports around the country have raised fears about whether the air travel system is being stressed to the point of danger. has been without a permanent leader since Stephen Dickson, a former Delta Air Lines executive and an appointee of President Donald J. Trump, stepped down last year.

Persons: Michael G, Whitaker, Obama, Biden’s, Stephen Dickson, Donald J, Trump, Polly Trottenberg Organizations: Federal Aviation Administration, Delta Air Lines

WASHINGTON (AP) — The Senate voted 98-0 to approve President Joe Biden’s nominee to lead the Federal Aviation Administration on Tuesday, ending a span of nearly 19 months in which the agency was without a Senate-confirmed chief. Michael Whitaker is a former deputy FAA administrator and most recently served as chief operating officer of a Hyundai affiliate that is developing an air taxi. Whitaker's confirmation seemed assured last week, when members of the Senate Commerce Committee endorsed him unanimously. The nomination of Denver International Airport CEO Phil Washington languished for months, then failed to get out of the Commerce Committee because of opposition from Republicans and independent Kyrsten Sinema of Arizona. The FAA has been without a Senate-confirmed administrator since March 2022, when Stephen Dickson stepped down midway through his five-year term.

Persons: Joe Biden’s, Michael Whitaker, Whitaker, Whitaker's, Maria Cantwell, Phil Washington, Stephen Dickson Organizations: WASHINGTON, —, Federal Aviation Administration, Hyundai, Senate, Denver International, FAA Locations: Arizona

☆ Opinion: We could be witnessing the Republican Party break apart in real time
▼ + stars: | 2023-10-23 | by ( Thomas Balcerski | ) edition.cnn.com time to read: +7 min

Historically, political realignment has occurred when groups of voters change their affiliation to a new political party or candidate, especially around presidential and midterm elections. Yet the period between 1852 and 1860 is crucial here, for it saw the last time a major political party collapsed (the Whig Party in 1854) and the dissolution of another political party (the Democratic Party in 1860). The 1924 Democratic Party famously went through 103 ballots before agreeing on a compromise candidate, John W. Davis of West Virginia. Of course, party realignment is a tricky thing since we only come to know that it has happened in hindsight. A failure to reach a majority consensus signals the doom of an American political party.

Persons: Thomas Balcerski, James Buchanan, William Rufus King ”, Hakeem Jeffries, Patrick McHenry, let’s, V.O, Abraham Lincoln’s, Franklin D, Thomas Jefferson, John Adams, Andrew Jackson, Daniel Webster, Henry Clay, Lincoln, William Henry Seward, William L, Yancey, Stephen Douglas of, John C, Breckinridge, Theodore Roosevelt, Moose, Republican William Howard Taft, Woodrow Wilson, John W, Davis of, Hubert H, Humphrey, Republican Richard Nixon, “ Organizations: Eastern Connecticut State University, Oxford University Press, CNN, Republican Party, Democratic Party, Whig Party, Whigs, Republican Party . Southern Whigs, American Party, Democrats, Whig, Union, Democratic, Southern, Lincoln, splintering, Republican, GOP Locations: United States, Northern, Southern, Kansas, Nebraska, Charleston , South Carolina, Alabama, Baltimore, Stephen Douglas of Illinois, Kentucky, Davis of West Virginia, Vietnam, American

☆ How Complete Was Stephen Sondheim’s Final Musical?
▼ + stars: | 2023-09-27 | by ( Michael Paulson | More About Michael Paulson | ) www.nytimes.com time to read: +1 min

The book, on the other hand, has been revised since Sondheim’s death by its writer, David Ives, and director, Joe Mantello. Mozart’s Requiem, Puccini’s “Turandot” and Berg’s “Lulu” were all left unfinished when their composers died and are now considered classics. “The work that David and Stephen did should absolutely be seen,” said Oskar Eustis, the artistic director of the Public Theater, which was working with Sondheim to develop the show until a few years ago. “I really trust David and Joe, and don’t think they would be putting up something they didn’t feel was finished — not on this scale,” he said. “They’re smart cookies, and if they wanted to do a workshop because it wasn’t finished, they could.

Persons: David Ives, Joe Mantello, Mozart’s, Puccini’s, ”, Lulu ”, David, Stephen, Oskar Eustis, Sondheim, ” James Lapine, George, “, Joe, wasn’t, Steve Organizations: Public

☆ JPMorgan will pay $75 million to settle US Virgin Islands Jeffrey Epstein sex-trafficking claims
▼ + stars: | 2023-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

JPMorgan is paying $75 million to settle a lawsuit from the US Virgin Islands over links with Jeffrey Epstein. JPMorgan is still pointing fingers at the US Virgin Islands, saying the funds will be used to shore up its law enforcement. AdvertisementAdvertisementJPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein's sex trafficking operation. The funds come on top of the $290 million JPMorgan Chase has already agreed to settle a separate class-action lawsuit brought by Epstein victims, to fund a compensation program. Epstein owned two islands in the US Virgin Islands, which were sold by his estate earlier this year to billionaire Stephen Deckoff for $60 million.

Persons: Jeffrey Epstein, Jes Staley, —, Chase, Jeffrey Epstein's, Motley, JPMorgan Chase, Epstein, Staley, Stephen Deckoff, Denise George, Ariel M, Smith, Patricia Wexler, Wexler, Ghislaine Maxwell Organizations: JPMorgan, US Virgin Islands, Service, US, Islands, Motley Rice LLC, Barclays, Virgin, Virgin Islands, Department, Justice, Deutsche Bank Locations: Virgin, Manhattan

☆ Opinion: Musk, McCarthy and Romney are three kinds of leaders
▼ + stars: | 2023-09-17 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A vain and ambitious cigar-smoking bully who wore riding breeches, a polished helmet and boots and carried ivory-handled revolvers, he led troops on successful lightning strikes through German-held territory near the end of World War II. Musk has repeatedly been criticized for enabling and boosting antisemitic content on the platform.”“Isaacson tries to square these two Musks. During Trump’s first impeachment, Romney became the first senator in US history to vote to remove a president of his own party from office. He has been willing to do what he believes to be right — consequences be damned.”The differences between Romney and Trump were many.

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