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How a global seafood giant broke Red Lobster
  + stars: | 2024-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +15 min
Former Red Lobster employees say that while the pandemic, inflation and rent costs impacted Red Lobster, Thai Union’s ineptitude was the pivotal factor in Red Lobster’s decline. Kenny criticized Red Lobster employees at meetings and made derogatory comments about them, according to former Red Lobster leaders who worked closely with Kenny. Red Lobster’s annual customer count has dropped by 30% since 2019, Red Lobster said in its bankruptcy filing. Red Lobster employees say they were pressured by Thai Union representatives to buy more seafood from Thai Union. Thai Union representatives also began sitting in on meetings between Red Lobster and seafood suppliers, said one of the former Red Lobster employees who witnessed these conversations.
Persons: , Ludovic Garnier, Jorge Silva, Red Lobster’s, , Les Foreman, Red, Thiraphong Chansiri, Angel, Feng shui, Chansiri, Amanda Mustard, Paul Kenny, Kenny, , Kenny’s, Bill Darden, General Mills, Darden, Kelli Valade, Valade, Trin, Tapanya, Kevin Lamarque, Barry Fulghum, Lobster, Leah Millis Organizations: New, New York CNN, Thai Union Group, Red, Lobster, Thai Union, CNN, Red Lobster, John West Foods, longtime, Reuters, Thai, West Coast, Lobster’s, Bloomberg, Getty, Minor, Thai Union —, Union, Darden, Gate, Golden, Capital, Facebook, Thai Union . Thai Union, ” Thai Union Locations: New York, Thai, Thailand, Thai Union, United States, Orlando, Australian, Dallas, America, United, Texas, Spring , Maryland
In popular imagination, France’s Fontainebleau is inextricably linked to its grand Château. But when I visit, I typically skip it entirely. Yes, the 1,500-room Château de Fontainebleau that was inhabited by French kings and emperors for eight centuries may seem the most arresting attraction in this region 37 miles south of Paris. Instead, it’s the surrounding forest that entices me to return again and again. The 50,000-acre Forest of Fontainebleau was once prized by the royals for its exceptional hunting grounds.
Persons: Les Trois Organizations: Gâtinais UNESCO Biosphere Reserve Locations: Fontainebleau, Paris, Les
Rome CNN —In a scene reminiscent of La Dolce Vita era, French actor Gerard Depardieu has been accused of attacking celebrity photographer Rino Barillari outside Harry’s Bar on the famed Via Veneto in Rome. Piero Lepore, the owner of Harry’s Bar in Rome, confirmed to CNN that the incident happened, but did not cast blame. This sort of thing never happens here,” Lepore told CNN by telephone. “We are used to celebrities and we are used to paparazzi – they can’t survive without each other. Magda Vavrusova’s lawyer, Delphine Meillet, said in a statement to CNN that it was Barillari who had pushed Vavrusova.
Persons: Rome, Rome CNN —, La Dolce, Gerard Depardieu, Rino, Depardieu, Barillari, , Magda Vavrusova, Piero Lepore, Federico Fellini, ” –, Paparazzo, ” Lepore, , Lepore, Magda Vavrusova’s, Delphine Meillet, Meillet, Vavrusova, ” Meillet, University Policlinico Umberto, Sylvester Stallone, Sharon Stone, Liz Taylor, Frank Sinatra, Depardieu’s, , Charlotte Arnould Organizations: Rome CNN, Via Veneto, Police, CNN, Rome, University, ” CNN, Paris Locations: Harry’s, Rome, Piazza Navona
Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it is investigating the circumstances of that promotion, which Red Lobster management opposed. Michael Nagle/Bloomberg/Getty Images“This decision created both operational and financial issues for [Red Lobster]… saddling the company with burdensome supply obligations” to Thai Union, Red Lobster said in the filing. “Certain operational decisions by former management have harmed [Red Lobster’s] financial situation in recent years,” Red Lobster said in its bankruptcy filing. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden.
Persons: Michael Nagle, , Alex Susskind, Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Mills, Cyrus McCrimmon, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Anthony Behar, SIPPL, AP Darden, they’ve, John Gordon, , Patrick T, Fallon, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Union became Red, Thai Union, Red Lobster, Bloomberg, Getty, Cornell University, CNN, Baby Boomers, General, Howard, Restaurant Business, Darden, Lobster, Denver Post, Harvard Business School, Longhorn, AP, Gate, , Thai, Getty Images Thai Union, ” Thai Locations: New York, Thai Union, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Square , New York, Sale, Torrance , California, AFP
Europe’s best long-distance hiking trails
  + stars: | 2024-05-10 | by ( Joe Minihane | ) edition.cnn.com   time to read: +12 min
Slovenian Mountain Trail, SloveniaMountaineers climbing ridge on Triglav mountain, Slovenia. Enrique Ugarte/Moment RF/Getty ImagesIt’s no surprise that the Slovenia Mountain Trail has become so popular. Laugavegur Hiking Trail, IcelandInaccessible during winter, Iceland’s ethereal Laugavegur Hiking Trail opens between July and September, drawing in committed hikers from across the globe. The 55-kilometer (34-mile) route is best done over four days, giving time to tackle the challenging terrain and take in the views. Sheep’s Head Way, Cork, IrelandThe Sheep's Head Way explores Ireland's wild Atlantic coast.
Persons: It’s, Lapland’s Salla, King Charles III, Enrique Ugarte, John Muir, Muir, Muir’s, Mount Gamila, James, Alex Treadway, St James, Jean, Les Houches, Mont, Rota, Marc Guitard, marveling Organizations: CNN, Slovenia Mountaineers, Getty, Maribor, Triglav, National Parks ”, Sierra Club, Guinness, Hellas, Via Locations: Trail, Sweden, Hyssna’s, Gothenburg, Lilla Hålsjön, Finland Finnish Lapland, Finland, It’s, Hautajärvi, Lapland’s, Kuusamo, King Charles III England, England, Cornwall, Suffolk, Norfolk, Slovenia, Triglav, Ankaran, Adriatic, Julian, Scotland, Yosemite, United States, Helensburgh, Firth, Clyde, Dunbar, Forth, Loch Lomond, Mount, Zagoria, Greece, Mount Gamila, Apuseni, Romania, Europe, Camino Frances, France, Spain, Santiago, Santiago de Compostela, Galicia, Portugal, Camino, St, Pamplona, Leon, Sarria, Via Uno, Italy, Dobbiaco, Belluno, Passo Falzarego, Switzerland, it’s, Zernez, Blanc , France, Blanc, Les, Mont Blanc, Fishermen’s, Portuguese, Alentejo, Algarve, Iceland, Landmannalaugar, Brennisteinsalda, Hvanngil, Cork, Ireland, Bantry, Mizen
The union for French air traffic controllers reached a deal to avoid a strike. Les Echos reported it includes authorization to turn up to work three hours late, and leave early. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrench air traffic controllers have been given the legal right to turn up three hours late for work, and leave three hours early, Les Echos reported. That's because the National Union for Air Traffic Controllers (SNCTA) reached an agreement that includes ending a practice called "clearances" — where staff could leave work during quiet periods, according to the French newspaper.
Persons: Les Echos, Organizations: Service, National Union for Air Traffic, Business Locations: Paris
Shop at Amazon Shop at Walmart Shop at Best Buy What we like Check mark icon A check mark. Shop at Amazon Shop at Best Buy Shop at Samsung What we like Check mark icon A check mark. Unfortunately, the S95D's matte screen has one notable side effect: it hurts black-level performance in a bright room. In contrast, the elevated black levels caused by the S95D's matte screen are more pronounced and easier to notice. AdvertisementSamsung S95D vs. S95C: Price and availabilityThe S95C currently costs a lot less than the S95D.
Persons: I've, Slim, Steven Cohen, it's Organizations: Business, Samsung, Shop, Walmart Shop, Dolby, Sony, Amazon, Samsung TV
Accusers stepped forward in 2018, as the #MeToo movement was taking off. Victims of sexual violence, consequently, often say they feel less isolated than they used to. Join us on Twitter and FacebookThere is, perhaps, one way in which the detractors of the #MeToo movement have a point. All of them — colleagues, neighbors or blood relations — more often than not, are able to maintain their status and privilege of their professions, despite allegations of sexual violence. It remains unclear whether the French will at long last “cancel” Gérard Depardieu, even if one or both trials find him guilty of sexual violence.
Persons: Caroline Séquin, , Gérard Depardieu, Caroline Sequin, Depardieu, Jacques Chirac, “ Depardieu, , Le Figaro, it’s, ” Depardieu, Emmanuel Macron, “ I’m, he’s, , ” Macron, Carla Bruni, Nicolas Sarkozy, Harvey Weinstein’s, Sandra Muller, , she’s, Le, Catherine Deneuve, men’s, that’s, MeToo, Camille Kouchner’s, ” Gérard Depardieu Organizations: Lafayette College, CNN, CNN —, Legion, Mediapart, France, Le Monde, French Interior Ministry, Twitter Locations: Easton , Pennsylvania, France, French, Colonial Senegal, CNN — France, United States, Familia Grande
The untimely death of a 35-year-old Bank of America associate has sparked a conversation across Wall Street over working conditions. "And to at least just start having those conversations as to how they can make junior bankers work life much better because it's been long overdue. At BofA, 100-plus hour weeks logged by junior bankers aren't unusual, said current and former employees, who questioned whether the firm's system for flagging excessive amounts of work was actually effective. But some junior bankers felt dismayed by an apparent lack of written communication from bank leaders about the incident, this person added. Crushing exhaustion, heightened demandsThe former BofA investment-banking analyst, who was not on Lukenas' team, quit in 2023 after two years.
Persons: Leo Lukenas III, BofA, Lukenas, it's, Goldman Sachs, Lukenas —, , UMB, Christopher Perkins, Perkins, Les Lukenas, Green, Leo, Reed Alexander, Emmalyse Organizations: Service, of America, Wall, Army, Green Beret, Special Forces, Reuters, New York Office, Business, Bank of America, Investment, Goldman, Heartland Financial, Inc, FIG, Citigroup, Veterans, BI, LinkedIn, Green Berets, Army Special Forces Locations: BofA, London, Wall, ebrownstein@businessinsider.com
CNN —It feels weird to begin a complimentary piece about Anne Hathaway by saying I didn’t especially enjoy her latest movie, but here goes. Yet, as she recently explained to the New York Times, she’s spent far too much of her life trying to make other people happy. Even now, a Google search for “hate Anne Hathaway” produces more than five million hits. The movie is set years after that betrayal, and Solène, like Hathaway, has outgrown her habit of people pleasing. Hathaway is so luminously beautiful in “The Idea of You” that, for me at least, it undermines the entire film.
Persons: Holly Thomas, Katie Couric, Anne Hathaway, it’s, Solène Marchand, She’s “, Hayes Campbell’s, Nicholas Galitzine, he’s, Hathaway, she’s, , snarky, Oscar, “ Les, Critics, Anne Hathaway ”, It’s, Jake Gyllenhaal, Leonardo DiCaprio, Jennifer Lawrence, Jameela Jamil, Solène, didn’t, you’re, Hayes Organizations: Katie Couric Media, CNN, New York Times, , New York Magazine, Twitter, Facebook Locations: London
Laurent Cantet, an eminent director who made penetrating films about the prickly undersides of French life and society, died on April 25 in Paris. His screenwriter and editor, Robin Campillo, said he died of cancer in a hospital. That ambiguity infuses the film with a rare tension, as a hapless language teacher struggles with his largely immigrant students, trying (with difficulty) to gain their acceptance of the strict rules of the French language, and French identity. In this frank chronicle of classroom life, the students, many of them from Africa, the Caribbean and Asia — bright, sometimes provocative — have the upper hand. Reviewing “The Class” in The New York Times, Manohla Dargis called it “artful, intelligent” and “urgently necessary.”
Persons: Laurent Cantet, Robin Campillo, Cantet’s, Palme, Oscar, Manohla Dargis, Organizations: Murs, Cannes Film, The New York Times Locations: Paris, Africa, Caribbean, Asia, The
While it was a delicious deal for customers, it was terrible for the company: Red Lobster lost $3.3 million in seven weeks. The deal was once again too popular, and Red Lobster was unprepared for its customers’ insatiable lust for discounted shellfish. Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden. In 2021 and 2022, Red Lobster brought on a new CEO, chief marketing officer, chief financial officer and chief information officer.
Persons: Lobster, , , John Gordon, Michael Nagle, Alex Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Glen Martin, Mills, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Justin Sullivan, they’ve, Les Foreman, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Lobster, Thai Union, Bloomberg, Getty, Red Lobster, CNN, Cornell University, Baby Boomers, General, Howard, Restaurant Business, Darden, Denver Post, Harvard Business School, Longhorn, Darden Restaurants, Gate, , Thai, , ” Thai Locations: New York, United States, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Sale, Thai Union, Thailand
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"I think that one might have come from me," Hathaway told Entertainment Weekly. "When you're watching Solène experience it, and you know that I'm a person that's experienced it, you can't really escape the film. It happens," Hathaway told EW. "I know that a lot of people go through this," Hathaway continued, regarding online bullying.
Persons: , Anne Hathaway, Solène, Hathaway, James Franco, Kevin Winter, Oscar, Christopher Nolan, It's Organizations: Service, Business, Entertainment
Janelle LeesonBelow is a sampling of some of the core products and services the Reviews team tests. Reporters enlist their cats, dogs, and other pets to help test products, while pet health articles are medically reviewed by veterinarians and supported by expert interviews. Insider Reviews' health articles are medically reviewed by doctors and other health professionals, and supported by expert interviews. Molly Allen/InsiderThe Reviews team tests products the way people would use them in everyday life. In addition to our in-house and freelance testers, we also have an internal council of volunteers and freelancers who help us test products and offer additional perspectives.
Persons: Janelle Leeson, Antonio Villas, Sally Kaplan, Molly Allen, James Brains, Erin Brains, Amir Ismael Organizations: Business Insider's Service Journalism, Tech, Samsung, Boas, Health
Gérard Depardieu was ordered on Monday to stand trial on criminal charges that he sexually assaulted two women during a 2021 film shoot in France, deepening the French actor’s legal woes and further tarnishing his global reputation as he faces a growing number of accusations of sexual violence. The Paris prosecutor’s office announced that Mr. Depardieu, 75, would be tried in October over allegations that he sexually assaulted the two women on the set of “Les Volets Verts,” or “The Green Shutters,” a movie by the French director Jean Becker that was released in 2022. The prosecutor’s office did not identify the two women or provide any details about the alleged assaults. Lawyers for Mr. Depardieu did not immediately respond to requests for comment on Monday evening, but the actor has repeatedly denied any sexual misconduct in the past. The order to stand trial was a serious development for Mr. Depardieu — one of the most prominent men in France to face accusations of sexual wrongdoing, especially since a new wave of allegations swept through the French movie industry in recent months.
Persons: Gérard Depardieu, Depardieu, Jean Becker Organizations: Mr Locations: France, Paris, French
Anne Hathaway Is Done Trying to Please
  + stars: | 2024-04-27 | by ( David Marchese | ) www.nytimes.com   time to read: +1 min
On one level, Anne Hathaway’s new movie, “The Idea of You,” which arrives on Prime Video on May 2 and is directed by Michael Showalter, couldn’t be more straightforward. It’s an adaptation of Robinne Lee’s hit romance novel about Solène, a divorced 40-year-old mom played by Hathaway, who winds up in a relationship with a much younger man — a singer in a boy band, played by Nicholas Galitzine. It’s a movie about a woman pushing against societal expectations and getting a lot of grief for it, which is something Hathaway, 41, knows about. More than a decade ago, around the time she won an Academy Award for her work in “Les Misérables,” the online commentariat turned on Hathaway for … who knows, exactly? Some strange groupthink kicked in that caused people to pile on her for seeming like an inauthentic striver — or something.
Persons: Anne Hathaway’s, Michael Showalter, couldn’t, Robinne, Hathaway, , Nicholas Galitzine, , Wears, “ Les, commentariat, Locations: New Jersey,
CNN —Aya Nakamura was born in the former French colony of Mali, raised in France and is widely considered the most streamed female Francophone artist in the world. However, ahead of Paris 2024, Nakamura finds herself at the center of France’s culture wars. Aya Nakamura attends the Kenzo Menswear Fall-Winter 2023-2024 show as part of Paris Fashion Week on January 20, 2023 in Paris, France. “I think that the people who criticize her actually don’t accept that she embodies France,” French activist Rokhaya Diallo told CNN. Politicians such as Le Pen hailed the legislation as an “ideological victory” whilst French health Minister, Aurelien Rousseau resigned in protest.
Persons: Aya Nakamura, Nakamura, Edith Piaf, Piaf, , , I’m, Rachida, Kenzo, Pascal Le Segretain, Marion Maréchal, Marine Le, Rokhaya Diallo, ” Nakamura, , le, Geoffroy Van Der, Emanuel Macron, Nakamura “, Le Pen, Vincent Martigny, Thomas Samson, Marion Marechal, Emmanuel Dunand, Martigny, Diallo, Zinedine Zidane, ” Diallo, , Oliver Roy, Reynaud Julien, Macron, Aurelien Rousseau Organizations: CNN, France’s, of Culture, Rally, Blacks, Rassemblement National, Getty, Olympic Aquatics, France Inter, Science, University of Nice, National Assembly, soccer team, Paris Olympic, Le, Palais des Sports, EUI, of Transnational Governance, Twitter, APS, France, BMFTV, RMC Locations: Mali, France, French, Paris, Bamako, Europe, , Geoffroy Van Der Hasselt, AFP, Rassemblement, Ukraine, North, Carhaix
Samsung 65-inch S95D 4K OLED TV This exceptional high-end TV is the brightest OLED we’ve ever tested. I've seen this kind of behavior on a few other OLED TVs, but it's more extreme on this model than on competitors. However, there is speculation that the brand could sell versions of its 2024 OLED TVs with WRGB panels instead. Steven Cohen/Business InsiderBased on my initial testing, the Samsung S95D is an excellent option for anyone who wants a high-end OLED TV. Ultimately, buyers seeking a premium viewing experience can't go wrong with any high-end OLED TV.
Persons: It's, Slim, HLG, Steven Cohen, I've, wonky, upscaling, you'll, there's, that's, S95C Organizations: Business, Samsung, LG, Sony A95L, Shop, Dolby, HLG Smart, Samsung TV, Forza, Sony Locations: La
Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.
Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, , he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine
CNN —Oscar-winning actress Anne Hathaway has said that she had to kiss a series of actors during the audition process in the 2000s to “test for chemistry” on camera. Speaking to V Magazine in an interview published Monday, Hathaway said: “Back in the 2000s — and this did happen to me — it was considered normal to ask an actor to make out with other actors to test for chemistry. Aren’t you excited to make out with all of them?’“And I thought, ‘Is there something wrong with me?’ because I wasn’t excited. “It wasn’t a power play, no one was trying to be awful or hurt me. Anne Hathaway and Nicholas Galitzine attend "The Idea Of You" World Premiere during SXSW at The Paramount Theater on March 16, 2024 in Austin, Texas.
Persons: CNN — Oscar, Anne Hathaway, Hathaway, , , ” Hathaway, Oscar, , Solène, Nicholas Galitzine, Daniel Boczarski, Hayes, ” Galitzine, Mary, George ”, Julianne Moore, Nobody, Michael Showalter Organizations: CNN, Magazine, Coachella, SXSW, Paramount Theater, Alabama Locations: Austin , Texas, British, Alabama
The company said hours for remaining stores won't change and it will continue to accept orders and returns as usual. "The proposed transaction will provide Express with additional financial resources, better position the business for profitable growth and maximize value for the Company's stakeholders," Express said. "We are taking an important step that will strengthen our financial position and enable Express to continue advancing our business initiatives," he added. Last spring, Express acquired Bonobos' operating assets and related liabilities for $25 million from Walmart in a joint deal with WHP. The deal came as Express' "core business was weak, and cash was tight," GlobalData managing director Neil Saunders said in a Monday note.
Persons: , Stewart Glendinning, Neil Saunders, Saunders, Kirkland Organizations: Express Inc, Longtime, Express, WHP, Simon Property Group, Brookfield Properties, Les Wexner's, CNBC, Walmart, Powerhouse, Ellis, Partners Locations: New York, U.S
Bitcoin miners brace for impact as halving goes live
  + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +17 min
The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.
Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America
Those include higher inflation, greater market volatility, and a lower quality of life for Americans. AdvertisementThe US is sitting on the biggest pile of public debt in its history, and economists are getting nervous about it. AdvertisementIt's critical for the US to sell its debt to investors, which range from institutions, individuals, and other countries. It won't be on housing, it'll be on interest," Zagorsky said. There's little the government can do to stop those problems from brewing, other than to stop taking on so much new debt, Zagorsky and Rubin say.
Persons: , Les Rubin, Rubin, Jay Zagorsky, Zagorsky, it'll, There's Organizations: Service, Bank of America, US Treasury, Boston University, Inflation, Social Security
CNN —Dickey Betts, a guitarist and the co-founder of the Allman Brothers Band, has died, according to a family statement shared with CNN on Thursday by his longtime manager. “It is with profound sadness and heavy hearts that the Betts family announce the peaceful passing of Forrest Richard ‘Dickey’ Betts,” the statement reads. Credited with helping define the sound and of Southern rock genre of the ’60s and ‘70s, Betts, bass guitarist Berry Oakley, drummers Butch Trucks and Jaimoe joined brothers Gregg and Duane Allman to form the Allman Brothers Band in 1969. Betts left the Allman Brothers Band in a highly publicized split in the year 2000. When asked what he loved most about music, Betts told the Sarasota Herald Tribune in 2020 that it was primarily the effect it had on his audience.
Persons: Dickey Betts, Allman, Betts, Forrest Richard ‘ Dickey ’ Betts, Dickey, ” Betts, David Spero, Rolling Stone, Betts ’, Berry Oakley, Butch Trucks, Jaimoe, Gregg, Duane Allman, , , Johnny Cash, , I’m, Johnny Sandlin, Cash, Jessica, Oakley, Gregg Allman, Les Paul, Rick Diamond, Cameron Crowe, Crowe’s Oscar, Crowe, Billy Crudup’s, Duane, , , Phil Gast Organizations: CNN, Gibson, Factory, Allman, Sarasota Herald Tribune Locations: FL, West Palm Beach , Florida, Nashville, Nashville , Tennessee
Dickey Betts, a honky-tonk hell raiser who, as a guitarist for the Allman Brothers Band, traded fiery licks with Duane Allman in the band’s early-1970s heyday, and who went on to write some of the band’s most indelible songs, including its biggest hit, “Ramblin’ Man,” died on Thursday morning at his home in Osprey, Fla. His death was announced on social media by his family. Mr. Betts’s manager David Spero said in a statement to Rolling Stone magazine that the cause was cancer and chronic obstructive pulmonary disease. Despite not being an actual Allman brother — the band was led by Duane Allman, who achieved guitar-god status before he died in a motorcycle accident in 1971, and Gregg Allman, the lead vocalist, who got an added flash of the limelight in 1975 when he married Cher — Mr. Betts was a guiding force in the group for decades and central to a sound that, along with the music of Lynyrd Skynyrd, came to define Southern rock. Although pigeonholed by some fans in the band’s early days as its “other” guitarist, Mr. Betts, whose solos on his Gibson Les Paul guitar seemed at times to scorch the fret board, proved a worthy sparring partner to Duane Allman, serving as a co-lead guitarist more than a sidekick.
Persons: Dickey Betts, Allman, Duane Allman, , David Spero, , Gregg Allman, Cher — Mr, Betts, Lynyrd Skynyrd, Gibson Les Paul Organizations: Stone Locations: Fla, Southern
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