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☆ Can We Still Beat Inflation With a Soft Landing? - The New York Times
▼ + stars: | 2024-03-12 | by ( Paul Krugman | ) www.nytimes.com time to read: 1 min

Way back in 1973, America was experiencing a troubling rise in inflation. But George Shultz, the Treasury secretary at the time, suggested that the problem would be transitory — that the economy could have a “soft landing.”It didn’t. The 1970s were infamously a decade of stagflation, and inflation was finally brought under control in the 1980s only via tight money policies that caused years of very high unemployment. So President Biden was tempting fate a bit when he declared in the State of the Union address that “the landing is and will be soft.” But he’s almost surely right.

Persons: George Shultz, Biden Locations: America, State

☆ Henry Kissinger's puzzling connection to disgraced Theranos founder Elizabeth Holmes
▼ + stars: | 2023-12-01 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Kissinger's business dealings included close involvement with Theranos and Elizabeth Holmes. Once a board member at Theranos, he invested $3 million and recruited others who also opened up their wallets. AdvertisementFormer US Secretary of State Henry Kissinger's troubled legacy includes his involvement with failed blood-testing startup Theranos and its now-imprisoned founder, Elizabeth Holmes. Federal agencies ran investigations into Theranos, and in 2018, Holmes stepped down as CEO and the startup later shuttered. "When I was introduced to Elizabeth by George Shultz, her plan sounded like an undergraduate's dream," he wrote, referring to the former Secretary of State and Theranos board member.

Persons: Henry Kissinger, Theranos, Elizabeth Holmes, —, Henry Kissinger's, Kissinger, State George Shultz, William Perry, Sam Nunn, Richard Kovacevich, William H, Daniel Mosley, Holmes, Cox, Walton, Elizabeth, George Shultz Organizations: Service, State, Wells, Wall Street, Federal Locations: Theranos, Connecticut, Silicon, Bryan , Texas

☆ Henry Kissinger, the towering American diplomat, dies at age 100
▼ + stars: | 2023-11-29 | by ( Marty Steinberg | ) www.cnbc.com time to read: +25 min

President Gerald Ford (left) and Secretary of State Henry Kissinger talk together in the Oval Office, February 19, 1975. In his 2001 book "The Trial of Henry Kissinger," social critic Christopher Hitchens called him a war criminal. North Vietnam's Le Duc Tho (left) and US National Security Advisor Henry Kissinger at the Paris peace talks, January 1973. Chairman Zedong of the People's Republic of China meets U. S. Secretary of State Henry Kissinger on Nov. 12, 1973. On a helicopter during the period of shuttle diplomacy in the Middle East, Henry Kissinger talks to his wife, Nancy.

Persons: Henry Kissinger, —, Richard Nixon's, Kissinger, Richard Nixon, Richard Corkery, Duc Tho, Gerald Ford, Benjamin E, Ford, Warren Burger, Kissinger's, Paula, Gene, Forte, Seymour M, Hersh bashed Kissinger, Walter Isaacson's, Christopher Hitchens, Greg Grandin, Niall Ferguson, Kant, Clausewitz, Bismarck, Barry Gewen, Gewen, Elizabeth Holmes, Nixon, George Shultz, Holmes, Heinz Alfred Kissinger, Louis, Walter, Hitler, Kissingers, Fritz Kraemer, William Yandell Elliott, Spengler, Toynbee, Metternich, Castlereagh, Alfred Eisenstaedt, Mike Wallace, Wallace, Kennedy, Johnson, Republican Nelson Rockefeller, George Romney, Hubert Humphrey, Democratic Sen, George McGovern, McGovern, Nguyen Van Thieu, Reg Lancaster, Tho, Thieu, Mao, Gen, Agha Muhammad Yahya Khan, Nicolae Ceausescu, Zhou Enlai, Leonid Brezhnev, Andrei Gromyko, Dirck, Sen, Henry Jackson, Charles Vanik, Brezhnev, Spiro Agnew, Archibald Cox, Cox, Robert Bork, White, Alexander Haig, Anwar Sadat, David Hume Kennerly, Marxist Salvador Allende Gossens, Fidel Castro's, Martin Bernetti, Allende, Augusto Pinochet Ugarte, Pinochet, Ann Fleischer, Elizabeth, David, Nancy Maginnes, Rockefeller, Jill St, John, Candice Bergen, Shirley MacLaine, Liv Ullman, Diane Sawyer, , Napoleon, Nancy, David Rubinger, Maginnes, Moshe Dayan, Robert Dallek, Nixon's, Bob Woodward, Carl Bernstein, Paula Kissinger, Brooks Kraft Organizations: Gould, Kissinger Associates, National Security, Waldorf, Astoria, Richard Corkery | New York Daily, Forte, Soviets, State, Chief, New York, Theranos Inc, Economic, Nuremberg, George Washington High School, City College of New, Army, 84th Infantry Division, U.S ., Hesse . Harvard, Harvard, Confluence, Foreign, Eisenhower, Republican, Republican National Convention, Rockefeller and Michigan Gov, Democratic, District of Columbia, US National Security, Getty, Paris Peace, North, Nationalist, China, Bettmann, East Pakistan, of, U.S, Soviet Union ., Ballistic, Soviet, Washington, Egyptian Third Army, Department, West, Marxist, Museum, AFP, CIA, Israeli, Southern California Quaker, White, Partners, Power Locations: New York City, U.S, Connecticut, Richard Corkery | New, United States, Vietnam, Saigon, Viet, Soviet Union, Communist China, Israel, Egypt, Syria, Chile, Pakistan, Theranos, Ukraine, Russia, Davos, Switzerland, Fuerth, Germany, Bavarian, American, Nazi Germany, London, New York, City College of New York, Ahlem, Hanover, German, Krefeld, Hesse, Cambodia, Massachusetts, Haiphong, Paris, North, China, Washington, Taiwan, People's Republic of China, Beijing, Moscow, India, East, Bangladesh, Shanghai, USSR, Soviet, Kremlin, Dirck Halstead, Ohio, Saudi, Japan, Sinai, Alexandria, Cairo, Suez, Americas, Santiago, Cuba, Chilean, America, Europe, Virginia, Southern California

☆ The bill to arm Israel and Ukraine could be the last great fight of Biden's political life
▼ + stars: | 2023-10-20 | by ( Walt Hickey | ) www.businessinsider.com time to read: +8 min

Biden has little chance of passing ambitious legislation given the state of Congress, and faces a tough election. After decades of service in Washington, much of it on the Senate Foreign Relations Committee, Israel and Ukraine will define his legacy. In this July 13, 1982, file photo Secretary of State designate George Shultz, right, speaks with members of the Senate Foreign Relations Committee. AP Photo/Ira Schwarz, FileBiden's legacy was already strongly linked to foreign policy. If there is a bipartisan coalition that exists within the US Congress, Israel policy and Ukraine policy might very well be it.

Persons: Biden, —, Joe Biden, he'll, there's, George Shultz, Sen, Joseph Biden, Charles Percy, Edward Zorinsky, Ira Schwarz, Madeline Albright's, he'd, Vladimir Putin, Kevin McCarthy, J, Scott Applewhite, he's, Bob Menendez, it's, Susan Walsh, That's, what's, Benjamin Netanyahu, Miriam Alster, Obama, Harris Organizations: Senate Foreign Relations Committee, Service, Senate Foreign Relations, AP, Senate Foreign, State, Senate, Capitol, Republican, Democratic, Republicans, GOP, White House, Israeli, Hamas, Biden, Ukraine Locations: Washington, Israel, Ukraine, Eastern Europe, Russia, Arizona, United States, Republican, Democratic, Tel Aviv

☆ Silicon Valley CEO gets 8-year prison sentence in case over blood-testing company that gives off Elizabeth Holmes-Theranos vibes
▼ + stars: | 2023-10-19 | by ( Associated Press | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The CEO of medical testing company Arrayit was sentenced to 8 years in prison on Wednesday. Schena's case is similar to Elizabeth Holmes', who was sentenced to prison for defrauding investors in Theranos. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.

Persons: Arrayit, Elizabeth Holmes, —, Mark Schena, Schena, Holmes, State Henry Kissinger, George Shultz, Richard Kovacevich, William H, Foege, San Organizations: Service, US Department of Justice, Arrayit Corporation, Stanford University, SEC, State, Wells, Centers for Disease Control Locations: Theranos, Sunnyvale , California, San Jose , California, Texas

☆ Opinion | Mark Meadows Is a Warning About a Second Trump Term
▼ + stars: | 2023-08-31 | by ( Chris Whipple | ) www.nytimes.com time to read: +3 min

But the crimes Mr. Meadows is accused of are orders of magnitude greater than those of his predecessors. Mr. Meadows didn’t just act as a doormat to President Trump; he seemed to let everyone have his or her way. This made no sense, but it was just the way Mr. Meadows rolled. As part of the efforts to subvert the 2020 election, Mr. Meadows paraded a cast of incompetent bootlickers into the Oval Office. All the while, the indictment shows that Mr. Meadows was sharing lighthearted remarks about claims of widespread voter fraud.

Persons: Meadows, Nixon’s, —, Trump, Chris Liddell, Joe Biden, Trump’s, bootlickers, Rudy Giuliani, Eric Herschmann, Biden, Mr, Giuliani, Herschmann, Rudy, he’s, Ronald Reagan, James A, Baker III, Reagan’s, who’d, Baker barged, ”, He’s, ” Mr, George Shultz, he’d, Reagan Organizations: White House, White Locations: Cobb County ,, United States

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

☆ Liz Holmes Wants You to Forget About Elizabeth
▼ + stars: | 2023-05-07 | by ( Amy Chozick | ) www.nytimes.com time to read: +3 min

Ms. Holmes said she believed that making herself the poster girl for women in tech put a huge target on her back. “I’m still thinking about the journalists being intimidated,” Ms. Holmes said after we’d moved on to several other topics. This kind of misguided talk is the one consistent thread in my reporting on who Ms. Holmes really is. In the waning days of Theranos, Ms. Holmes got a dog, a Siberian husky named Balto. It’s the same way Ms. Holmes kept hanging on at Theranos.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Bernard Kalb, longtime foreign affairs newsman, dies at 100
▼ + stars: | 2023-01-09 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

“You have a historical memory to call upon and you see the trust of American foreign policy and other foreign policy,” he said. “Anything that hurts America’s credibility, hurts America.”New York Times columnist William Safire praised the resignation. “In his final official act, Bernard Kalb rose above ‘State Department spokesman’ to become the spokesman for all Americans who respect and demand the truth,” Safire wrote. At CBS Marvin and Bernard were known as “The Kalbs,” but Bernard lived somewhat in the shadow of his younger brother. One widely circulated, but apocryphal, story had their mother calling the CBS foreign desk in New York and saying: “Hello, this is Marvin Kalb’s mother.

SAN JOSE, Calif., Nov 18 (Reuters) - A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In San Jose, California, U.S. District Judge Edward Davila sentenced Holmes, 38, on three counts of investor fraud and one count of conspiracy after a jury convicted her last January following a trial spanning three months. The prosecution had recommended a sentence of 15 years in prison, while the defense had urged the judge to impose no prison time. The federal probation office had recommended a 9-year prison sentence, according to court papers. Before sentencing Holmes, Davila asked if any of her victims were in the courtroom.

☆ The Ayahuasca Diaries
▼ + stars: | 2022-06-26 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +37 min

But please understand: I didn't drink ayahuasca so I could write an article about it. I wrote an article about it so I could drink ayahuasca. I was desperate to drink ayahuasca — I had been for several months, in fact — and the formality of an assignment would help me out at home. Instead, a friend of a friend linked me up with an ayahuasca sangha, a Buddhist word for a spiritual community. I thought of my old friend, Scott, who, many years before, had declined an opportunity to drink ayahuasca.

☆ Henry Kissinger’s Warning at Age 100
▼ + stars: | 1826-07-04 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Wonder Land. As the Republican presidential candidates start to offer something more than Donald Trump's various paybacks, President Biden figures running against 'MAGA' is his path to a second term. Images: AP/Getty Images Composite: Mark KellyHenry Kissinger and George Shultz were historically significant secretaries of State and fast friends, and both lived to be 100 years old. This is one of those remarkable details of history, like John Adams and Thomas Jefferson both dying on July 4, 1826. Shultz died in 2021, but Mr. Kissinger celebrates his centennial on Saturday, and may he live many more years.

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