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☆ Under Armour was a real threat to Nike. Now it’s fighting to stay relevant
▼ + stars: | 2024-05-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

It was the upstart athletic brand that was making real inroads against Nike, the dominant name in the industry. People saw it as a company that actually could break through and take market share from Nike among the hardcore athletes,” Swartz said. String of controversiesThe period from 2016 onward is when “things really started to fall apart” at Under Armour, Swartz said. A bulk of Under Armour products are sold through sporting goods retailers and department stores, including Macy’s and Kohl’s, and online. The basketball superstar Curry, arguably the best shooter in history, famously signed with Under Armour instead of Nike in 2013.

Persons: Armour, Stephen Curry, Jordan Spieth, Kevin Plank, Howard Schultz’s, Bob Iger’s, Plank, ”, David Swartz, Morningstar, ” Swartz, Justin Sullivan, Tommy Gilligan, ” Plank, Swartz, “, —, Stephanie Linnartz, ” Schwartz, Andrew Kelly, Merrell, Zak Stambor, Stambor, Plank’s, Noel Celis, Eric Smallwood, Dwayne Johnson, Johnson, ” Smallwood, Smallwood, Curry, Joel Embiid, Embiid, Skechers, Caitlin Clark Organizations: New, New York CNN, Nike, Starbucks, Disney, CNN, Sports, North, Maryland Terrapins, Southern Methodist Mustangs, Capital, Maryland, Reuters, —, Armour, Sports Authority, Sporting Goods, UCLA, US Securities and Exchange Commission, Footwear News, Adidas, NBA Golden State Warriors, UA Curry II, Getty, Apex Marketing, United Football League, NBA, WNBA Locations: New York, San Rafael , California, North America, College Park , Maryland, Manhattan , New York, Petaluma , California, Manila, AFP

☆ Did dinosaur blood run hot or cold? Both, according to a new study
▼ + stars: | 2024-05-15 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Were dinosaurs warm-blooded like birds and mammals or cold-blooded like reptiles? Clues from dinosaur eggshells and bones have suggested that some dinosaurs were warm-blooded and others were not. These dinosaurs may have evolved endothermy, or the ability to internally generate body heat, according to the study. “Warm-blooded animals are generally more active, for example, cold-blooded animals usually don’t build nests,” said lead study author Dr. Alfio Alessandro Chiarenza, Royal Society Newton International Fellow at University College London’s department of Earth sciences. Her 2022 study suggested that ornithischians were more likely cold-blooded and sauropods were warm-blooded.

Persons: Big John, Sarah Meyssonnier, ornithischians, ”, Alfio Alessandro Chiarenza, Brontosaurus, ” Chiarenza, “, Jasmina, ” Wiemann, Chiarenza, Anthony Fiorillo, ” Fiorillo, wasn’t Organizations: CNN, Royal Society Newton International, University College London’s, Field, UCL, Universidade de, New, New Mexico Museum, Southern Methodist University Locations: Paris, Chicago, Spain, New Mexico, Dallas

☆ Women college athletes average more brand deals than men, new data shows. Here are 5 key takeaways on NIL marketing.
▼ + stars: | 2024-05-01 | by ( Tiara White | ) www.businessinsider.com time to read: +6 min

Read previewWhen it comes to scoring NIL deals, women college athletes are gaining on their male counterparts, according to a new report from the sports-and-entertainment intelligence platform SponsorUnited. The report showed that women college athletes get more brand deals on average than college men, although the men still make up the majority of NIL deals overall. He also said social-media engagement is overwhelmingly stronger among women college athletes compared with men. Related storiesHere are five key takeaways from the report:Women college athletes are getting more NIL dealsWhile men still made up 57% of NIL deals overall, women got more brand deals on average — 3.5 compared to 2.5 among men, SponsorUnited found. For example, he said college athletes on TikTok are leveraging brands better than professional athletes on the platform.

Persons: —, Caitlin Clark, Angel Reese, Bob Lynch, Reese, Clark, Olivia Dunne, Lynch, SponsorUnited, it's, Alex Glover's, Brands, Brand, SponsorUnited Lynch, that's Organizations: Service, Business, Iowa Hawkeyes, LSU Tigers, LSU, Iowa, NCAA, ESPN, Gatorade, State, Nike, BI, Brands, Southern Methodist University Locations: SponsorUnited

☆ How S.M.U., Once the Rogue of College Sports, Got Back to the Big Time
▼ + stars: | 2024-03-30 | by ( Joe Drape | ) www.nytimes.com time to read: +1 min

Instead, he drove from his hometown, Sealy, Texas, to Dallas and Southern Methodist University. At the time, Mr. Dickerson’s cars (S.M.U. gave him one, too) were a symbol of the wretched excess of big-time college sports. It was a time when boosters in the Southwest Conference doled out “$100 handshakes” and the S.M.U. Mustangs went 34-11-1 over Mr. Dickerson’s four years — the team’s vaunted Pony Express era.

Persons: Eric Dickerson, ”, Dickerson’s Organizations: Pontiac, Texas, Southern Methodist University, Southwest Conference, Mr, titans, Petroleum Club of Houston Locations: Sealy , Texas, Dallas

President Joe Biden is beta testing a new message on the campaign trail and in the White House. Biden’s response: Send the immigration bill to my desk to sign and I’ll shut down the border right now. The newly aggressive messaging is likely a necessary tone for an issue that’s overtaken the economy as the No. That's why you're seeing him try to talk and act tougher about border security. I think Biden has started thinking about how to reframe it.”The clock is ticking.

Persons: Joe Biden, Donald Trump, I’d, ”, “, Biden, Matthew Wilson, Trump, ” Wilson, it's, they’re, Lanae Erickson, That’s, ” Erickson Organizations: Congress, Republican, Senate, GOP, House Republicans, Southern Methodist University, New, AP, Trump, New York City Police Department Locations: Ukraine, Israel, South Carolina, Iowa, New Hampshire, United States, U.S, Washington ,, Denver, New York City

☆ Facing Rematch With Biden, Trump Stays Focused – on Obama
▼ + stars: | 2023-11-24 | by ( Susan Milligan | ) www.usnews.com time to read: +6 min

For former President Donald Trump, all political signs point to a rematch with President Joe Biden, who defeated Trump in 2020 and increasingly has targeted Trump in his campaign ads. "They were interviewing [Orban] two weeks ago, and they said: 'What would you advise President Obama? He should immediately resign and they should replace him with President Trump, who kept the world safe,'" Trump said, implying that his predecessor was still in office. Editorial Cartoons on Donald Trump View All 695 Images"We did it with Obama,” Trump claimed during a speech in Washington, D.C., referring to his winning 2016 campaign against Clinton. You know Obama and Biden,” Trump said, trying to recover.

Persons: Donald Trump, Joe Biden, Trump, Barack Obama, –, Obama, Biden, Harold Holzer, " Holzer, Alexandria Ocasio, Cortez, Ilhan Omar, Minnesota, Viktor Orban, Orban, couldn't, Hillary Clinton, ” Trump, Clinton, “, couldn’t, “ It’s, Barack Hussein Obama, ”, Brian Kilmeade, ” Kilmeade, Guess, Kilmeade, He’s, Barack Obama’s, Obama lunched, Jeffrey Engel, Engel, Michal Cohen, Cohen Organizations: Trump, House, White House, Association, Roosevelt, Public, Hunter College, Republican Party, GOP, Obama, Donald Trump View, Washington , D.C, White, Fox, Fox News, Democratic, Center, Southern Methodist University in, Republican National Convention, Republican Locations: Alexandria, Cortez of New York, New Hampshire, Hungary, United States, Iowa, Washington ,, Israel, Iran, Southern Methodist University in Texas

☆ This college volleyball player has scored more than 40 NIL deals this year. Here's how she's advocating for women athletes at her university to work with brands.
▼ + stars: | 2023-11-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +5 min

Glover had under 10,000 followers on Instagram before the volleyball season started, and now she's past 30,000. Glover had the most new NIL deals this year of any athlete on the endorsement platform SponsorUnited, the company stated in a 2023 report. While the report tracked 19 of Glover's deals, Business Insider confirmed that she'd gotten around 40 NIL deals in total this year, and she said she's pacing to pass 50 with a holiday boost. "I think it's a great time for NIL," Glover told BI, "for at least me or any woman who's in sports and wants to start with content creation." She has also stood up for female athletes getting equal NIL opportunities at SMU.

Persons: Alex Glover, Glover, she'd, She's, Kendra Scott, DoorDash, They'd, It's, I'm Organizations: Southern Methodist University volleyball, Business, SMU, Buffalo Wild Wings, CVS Locations: Instagram

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ Texas Man at Center of Supreme Court Case Says He No Longer Wants Guns
▼ + stars: | 2023-11-06 | by ( Abbie Vansickle | More About Abbie Vansickle | ) www.nytimes.com time to read: +1 min

“It’s a fundamental strategic goal to present cases in the most favorable light possible, and that would include having a sympathetic and relatable person,” said Clark Neily, the senior vice president for legal studies at the Cato Institute, which has advocated gun rights. A panel of judges on the U.S. Court of Appeals for the Fifth Circuit wrote that he was “hardly a model citizen,” even as they sided with him. Mr. Rahimi’s case could expand gun rights protections by undoing a federal law that makes it a felony to possess a gun while under a domestic violence protective order. Although the case has garnered a flood of amicus briefs from groups like the National Rifle Association, the Second Amendment Foundation, and the Phyllis Schlafly Eagles, the organizations have largely shifted focus away from Mr. Rahimi. “You could imagine a different case challenging this same law with a much more sympathetic plaintiff.”

Persons: “, ”, Clark Neily, Mr, Rahimi, Phyllis Schlafly Eagles, Eric Ruben Organizations: Cato Institute, U.S ., Appeals, Fifth Circuit, National Rifle Association, Amendment, Southern Methodist University, Brennan Center for Justice Locations: Texas

☆ Developments in Trump’s galaxy of legal problems, explained
▼ + stars: | 2023-11-04 | by ( Zachary Wolf | ) edition.cnn.com time to read: +15 min

CNN —Try to keep track of the galaxy of former President Donald Trump’s legal problems. The trial marks the first of Trump’s criminal cases expected to proceed. Federal criminal court in Florida: Mishandling classified materialTrump has pleaded not guilty to 37 federal charges brought by Smith over his alleged mishandling of classified documents. A federal judge threw out the lawsuit in November 2022. A New York judge dismissed The New York Times from Trump’s lawsuit regarding disclosure of his tax returns and ordered Trump to pay the newspaper’s legal fees.

Persons: Donald Trump’s, Trump, Teddy Roosevelt, Roosevelt, Woodrow Wilson, Barnes, Doris A, Lawrence H, Budner Theodore Roosevelt, Congress Trump, Letitia James, Judge Arthur Engoron, Donald Jr, Eric, Ivanka, Sarah B, Wallace, Jack Dempsey, Jean Carroll, Jack Smith’s, Joe Biden, Tanya Chutkan, Obama, Chutkan, Stormy Daniels, Attorney Alvin Bragg, Daniels, Michael Cohen, Juan Merchan, Fani Willis, Brad Raffensperger, Jenna Ellis, John Bazemore, Sidney Powell, Kenneth Chesebro, Ellis, Powell, Chesebro, Smith, Allen Weisselberg, Weisselberg, Peter Strzok, Michael Cohen’s, Cohen, William Barr, Judge Lewis Liman, Mary Trump Organizations: CNN, Trump, White House, New York Republican, White, Progressive, DeGolyer Library, Southern Methodist, Congress, New, . New York, Colorado voters, Capitol Police, Minnesota’s, Federal, Iowa Republicans, Supreme, Prosecutors, Manhattan, Attorney, Fulton, Georgia, Republican, Department of Justice, . Justice Department, Reuters, National Archives, Trump Organization, Former Trump Organization, US Capitol Police, Metropolitan Police, FBI, Justice Department, New York Times Locations: New York, Colorado, Washington , DC, Florida, Michigan, Washington ,, Washington, Colorado’s, Denver, Manhattan, Iowa, DC, York, Georgia, Coffee County , Georgia, Atlanta, nemeses, Trump's, Lago, Mar, Bedminster , New Jersey, Rikers

☆ Wadea Al Fayoume: Palestinian-American boy fatally stabbed near Chicago had just celebrated his 6th birthday
▼ + stars: | 2023-10-17 | by ( Christina Maxouris | ) edition.cnn.com time to read: +6 min

CNN —In the photograph that introduced millions of people to Wadea Al-Fayoume for the first time, the kindergartener is seen celebrating his sixth birthday at his home near Chicago. In his final moments, Wadea offered words of comfort to his mother, a family member revealed Monday. He is in a better place.”Wadea Al-Fayoume seen here in an undated picture. Wadea Al-Fayoume seen here in an undated picture. Mourners surround the casket of Wadea Al-Fayoume being carried by his family out of Mosque Foundation where mourners attended a funeral prayer.

Persons: Wadea, “, ”, – Wadea, –, ” Wadea’s, Yousef Hannon, ” Wadea, Fayoume, Handout, ‘, ’, Wadea “, Ahmed Rehab, Joe Biden, Wadea’s, Hannon, ” Hannon, Hanaan Shahin, Rehab, Kamil Krzaczynski, Shahin, Odey, boy’s, I’m, Jim Vondruska, Reuters Chicago Mayor Brandon Johnson, ” Johnson, Omar Suleiman Organizations: CNN, Office, Chicago, Islamic, ’, West Bank, Rehab, Wadea, Foundation, Reuters Chicago Mayor, Yaqeen Institute, Islamic Research, Southern Methodist University Locations: Chicago, Will, ’ Chicago, United States, America, Bridgeview , Illinois, Jerusalem

Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. The indictment was secured in September by Special Counsel David Weiss after a plea agreement between Hunter Biden and prosecutors collapsed in August. Many Republican lawmakers who have relentlessly criticized Hunter Biden lauded the Bruen decision. Cases now being litigated will help determine how far the Bruen ruling lets courts go in invalidating gun laws. Even if Hunter Biden gets the possession charge dismissed, there is still the matter of the two counts accusing him of false statements on the background check form.

Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Bruen, David Weiss, Abbe Lowell, Biden, Maryellen Noreika, Lowell, Adam Winkler, Andrew Willinger, Hunter, Eric Ruben, Andrew Goudsward, Nate Raymond, Will Dunham, Scott Malone Organizations: REUTERS, Rights, Supreme, New York, U.S, District, Reuters, Mr, Democratic, Republican, UCLA, Duke University's Center, Firearms Law, Circuit, Appeals, Southern Methodist University, Thomson Locations: Wilmington , Delaware, U.S, Delaware, United States, New Orleans, Atlanta, Florida, Texas, Washington, Boston

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

☆ Fed's Logan: can skip Sept rate hike, but 'there is work left to do'
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Federal Reserve Bank of Dallas President Lorie Logan walks to the opening dinner of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. My base case, though, is that there is work left to do," she said in remarks prepared for delivery to the Dallas Business Club at Southern Methodist University. "After the unacceptably rapid price increases of the past several years, I’m not yet convinced that we’ve extinguished excess inflation." "Another skip could be appropriate when we meet later this month," Logan said, referring to the Fed's upcoming Sept. 19-20 meeting. "In coming months, further evaluation of the data and outlook could confirm that we need to do more to extinguish inflation."

Persons: Lorie Logan, Ann Saphir, I’m, Logan, Diane Craft Organizations: Reserve Bank, Dallas, Kansas City, REUTERS, Dallas Federal Reserve Bank, U.S, Dallas Business Club, Southern Methodist University, Fed, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S

☆ Why Does Duke Have So Few Low-Income Students?
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Graphics Ashley Wu | ) www.nytimes.com time to read: +31 min

Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.

Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, ”, Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, —, Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, “, Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, “, St, Johns Hopkins, Wash

☆ Texas Senate declines to toss impeachment charges against Republican Paxton
▼ + stars: | 2023-09-05 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

Texas Attorney General Ken Paxton speaks ahead of a rally held by former U.S. President Donald Trump, in Robstown, Texas, U.S., October 22, 2022. His fate rests with the 31-member state Senate, which has the power to remove him after a trial that opened on Tuesday on 16 of those articles of impeachment. Senators rejected a motion to dismiss all the charges by a vote of 24-6 and voted against additional motions to throw out individual charges. The state Senate's impeachment rules committee set aside four charges involving Paxton's private business dealings that House charges said were obstruction of justice and false statements in official records. At the end of the trial on the 16 remaining charges, the Senate could dismiss those four charges or hold a separate trial on them.

Persons: Ken Paxton, Donald Trump, Go Nakamura, Paxton, Trump's, Nate Paul, Paxton's, Angela, Joe Biden, Jonathan Stickland, Bob Stein, Stein, Cal Jillson, Jillson, Brad Brooks, Will Dunham, Donna Bryson, Andy Sullivan Organizations: U.S, REUTERS, The Texas Senate, Texas, Republicans, FBI, Democratic, Senate, Republican, Trump, Rice University, Congress, Southern Methodist University, Thomson Locations: Texas, Robstown , Texas, U.S, Paxton, Longmont , Colorado

☆ How teachers and students feel about A.I.
▼ + stars: | 2023-08-24 | by ( Natasha Singer | More About Natasha Singer | ) www.nytimes.com time to read: +2 min

We recently asked educators, professors, and high school and college students to tell us about their experiences using A.I. — Katy Pearce, associate professor, University of WashingtonBefore they even use ChatGPT, I help students discern what is worth knowing, figuring out how to look it up, and what information or research is worth “outsourcing” to A.I. chatbots are making it a lot easier for students to understand difficult concepts in a simple way. It can provide students with endless examples of how to outline essays, business plans and emails. will have on students in the long run but I just don’t want it to make students lazy, as the joy of learning is that “AHA!” moment that comes from figuring something out yourself.

Persons: I’ve, — Katy Pearce, — Nicole Haddad, — Amedeo Bettauer, Sam Avery, chatbots, — Emma Nazario Organizations: A.I, University of Washington, Southern Methodist University, Brookline High School, University of Iowa, AHA, Wheaton

☆ Veteran banker Jeffrey Schmid picked to lead Kansas City Fed
▼ + stars: | 2023-08-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Jeffrey Schmid, the new president and CEO of the Kansas City Fed. The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course ahead. Schmid will serve the remainder of George's five-year term helming the Kansas City Fed, which will take him to Feb. 28, 2026. Interestingly, he arrives at the Fed just before the Kansas City district hosts its annual Jackson Hole summit, which this year will run from Aug. 24-26. The retreat features a keynote address from the Fed chair and often is pivotal in laying out policy strategy.

Persons: Jeffrey Schmid, Jeffrey R, Schmid, Esther George, Southern Methodist University's, Maria Griego, George, Jackson Organizations: Kansas City Fed, Kansas City Federal, Southern Methodist, Southern Methodist University's Cox School of Business, Federal Deposit Insurance Corporation, Mutual, Omaha Bank, Federal Reserve, Associates, Fed, Kansas City Locations: Omaha, Raby, Albuquerque , New Mexico, Kansas

☆ Ron DeSantis is trailing Trump in the polls because he hasn’t ‘hit him hard enough’ and isn’t a ‘memorable personality,’ political experts say
▼ + stars: | 2023-07-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Ron DeSantis hoped that Donald Trump's legal woes would hurt his opponent, per The New York Times. A USC political science professor told Insider that DeSantis hasn't hit Trump "hard enough." With eight months until the primaries, the public's opinion can still change — and so can Trump's legal standing. As for Trump's top challenger for the GOP nomination, Grose said DeSantis hasn't quite "hit him hard enough." Regardless, it appears like the DeSantis campaign is working hard on its reboot.

Persons: Ron DeSantis, Donald Trump's, Trump, Jack Smith, Christian Grose, Grose, DeSantis, Biden, Justice Department's, kowtowing, Anthony Fauci, Cal Jillson, Jillson, —, Ronald Reagan, Bill Clinton, Donald Trump, He's Organizations: New York Times, Trump, USC, Service, GOP, Truth, University of Southern, Republican, Biden Administration, Department of Justice, Justice, CNN, Southern Methodist University, Politico Locations: Florida, Wall, Silicon, Trump, University of Southern California, DeSantis, Iowa, New Hampshire

The deal to suspend the $31.4 trillion debt ceiling until January 2025 holds non-defense discretionary spending largely flat this year, with a 1% increase in fiscal 2024. SOCIAL SECURITY, MEDICARE OFF LIMITSIn their debt limit negotiations, both President Joe Biden and House of Representatives Speaker Kevin McCarthy vowed not to touch the main driver of U.S. debt: rising Social Security pension and Medicare health benefit costs. Debt-ceiling negotiations spared cuts to mandatory spending like Medicare, Medicaid and Social Security even though these programs cost more than discretionary spending. CBO projects the government will spend $6 trillion on mandatory spending programs in the 2033 fiscal year, up from $4.1 trillion this year. But the plan failed when then-president Barack Obama declined to endorse it, setting up Congress for the debt ceiling battle of 2011.

Persons: Joe Biden, Kevin McCarthy, Julia Nikhinson, Dennis Ippolito, you've, Nigel Chalk, Biden, Brian Riedl, Linda Bilmes, Bowles, Barack Obama, Bilmes, David Lawder, Andy Sullivan, Heather Timmons, Nick Zieminski Organizations: White, REUTERS, WASHINGTON, Republicans, Defense, Southern Methodist University, Congressional Budget Office, Security, Social Security, CBO, International Monetary Fund, Reuters, Democratic, Western Hemisphere Department, IMF, Manhattan Institute, Harvard Kennedy School, Commerce Department, Simpson, Thomson Locations: United States, Washington , U.S, U.S, Washington

☆ Ken Paxton's impeachment revealed how divided far-right and moderate Republicans in Texas have become, political scientist says
▼ + stars: | 2023-05-31 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Texas Attorney General Ken Paxton was impeached from office Saturday. Many of the Texas House members who voted to impeach him were Republicans themselves. Texas House Speaker Dade Phelan, a moderate Republican who later helped impeach Paxton, was vocally opposed, calling it an improper use of taxpayer dollars. For Texas House Republicans, it was more about strategy. This GOP-on-GOP conflict in Texas reflects a national struggle between Republicans that rarely, if ever, plays out the way it did in Texas, Jillson said.

Persons: Ken Paxton, —, MAGA, Nate Paul —, Paxton, Paul, Cal Jillson, Jillson, Dade Phelan, Paxton —, Ken Paxton's, you've, Dan Patrick, Donald Trump, Phelan, It's, Kevin McCarthy, McCarthy, emasculating, Joe Biden Organizations: Texas House, GOP, Service, Southern Methodist University, Trump, Republican Party, Texas, Republican, New York Times, Texas House Republicans, Tea Party, The New York Times, Republicans, Caucus, Texas Republicans, Texas Republican Locations: Texas

☆ The oldest, most complete Hebrew Bible that went missing for 600 years sells for a record $38 million
▼ + stars: | 2023-05-21 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

An ancient Hebrew Bible has just sold at Sotheby's auction house in New York for $38 million. The ancient text, written in around 900 AD, is the most complete early copy of the Hebrew Bible. Hence, the auction house says the nearly 800-page Codex Sassoon is "definitively the most significant early biblical manuscript in private hands." It includes 24 books of the Hebrew Bible, divided into the Torah, or "Pentateuch," the Nevi'im, or "prophets," and the Ketuvim, or "writings." The Hebrew Bible is the basis for what Christians call the Old Testament.

☆ Bosses listen up: Having a side hustle actually makes workers feel more empowered at their day jobs, research finds
▼ + stars: | 2023-05-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Side hustles may actually make employees better at their full time jobs, a 2021 study found. "They can have these positive, enriching experiences that carry forward into their full-time work," he said. "They can have these positive, enriching experiences that carry forward into their full-time work," Sessions told podcast producer Charlotte Gartenberg of side hustlers. The perception of side gigs and those who have them has shifted in recent decades, Sessions told As We Work. "So when I say it can help your job, it will help your job to the extent that you can feel empowered by it," Sessions told the Journal.

☆ Citing 'death threats,' Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet
▼ + stars: | 2023-03-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The Alliance For Hippocratic Medicine wants Judge Kacsmaryk to nullify the FDA's medical approval of mifepristone, which would effectively ban the abortion pill across the US. But Kacsmaryk asked the attorneys to not to publicize the hearing, citing security concerns. Those present at the Friday conference call included lawyers from the Justice Department, the abortion pill maker Danco Laboratories, and a group that opposes abortion called the Alliance Defending Freedom. A group of physicians who oppose abortion called the Alliance for Hippocratic Medicine asked Kacsmaryk in November to order the Food and Drug Administration to withdraw its approval of the abortion pill mifepristone. The abortion pill has become the central flashpoint in the legal battle over access to abortion in the wake of the Supreme Court's ruling that overturned Roe v. Wade last June.

☆ Yale research: Highly successful people argue differently
▼ + stars: | 2023-01-19 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

One group was instructed to adopt a competitive mentality in order to "win" the argument, while the other group was told to "argue to learn." An "arguing to learn" mentality rests in viewing contentious conversations as collaborative exchanges that can deepen your understanding of a given topic, rather than battles to be won. That mentality can hold the key to success: Research shows open-minded people perceive the world around them differently, leading to an increase in happiness and creativity. One of his key takeaways from the study is that approaching hot-button issues from an "arguing to learn" mentality can help shift your own thinking. You're getting the right answer more often," he explains.

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