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"As important as earnings are, and they're very important, the discount rate is just as important if not more important," Siegel said. "If you bring down that discount rate, the market will say that a mild recession or even a moderate recession for a year, I'll take that. And that's why I think the market still has a good chance of giving that 10% to 15% gain." "I don't think rates are going to remain higher. "I don't think it's going to be tomorrow.
Rep. Eric Swalwell tore into the House GOP for removing Rep. Ilhan Omar from a powerful committee. Swalwell pointed out that an official GOP Twitter account praised Kanye West and took months to delete the message. House Republicans later voted to remove Omar from the panel. In October, the Twitter account for Republicans on the House Judiciary Committee expressed solidarity with Kanye West. House Republicans cited that report in a separate effort to remove Swalwell from the House Intelligence Committee.
Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.
China's population is shrinking. This shocking statistic is only the start of China's population decline. This year India is set to surpass China's population, and in a few years it will surpass China's working-age population — people 20 to 69. Because of its manufacturing prowess and importance to supply chains, China's shrinking working-age population has enormous, direct effects on the global economy. Among today's largest economies, only the US has a projection of positive population growth, though at very low levels.
Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. ​​Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging. That may have been enough when the stock market was on a heater and investors were winning, but it's not enough when the stock market is falling, the economy is slowing, and everyone from regulators to lawmakers to kids on TikTok want answers.
Data privacy expert Shoshana Zuboff told the FT that Elon Musk's Twitter is a threat to democracy. The former Harvard Business School professor calls Musk's Twitter takeover "fundamentally intolerable." However, The New York Times reported that racist, homophobic, and anti-semitic slurs have increased on the platform after Musk's takeover. But Zuboff thinks the risks of the Musk takeover and the corporate control of information by big tech are even bigger — and may result in unintended consequences. "These spaces cannot exist solely under corporate control," Zuboff said.
Get ready for what will feel like an inescapable wave of corporate fraud. And as interest rates have risen, the stock market has fallen off — which makes it harder to get dollars by whipping up new investors or offering stock. ​​Despite Scheck's assertion that the risk of a wave of corporate fraud has heightened, he didn't want to speak in historical analogies. There be icebergsOf course, there's also fraud that goes undetected in times of easy money — companies where the very act of existing means stretching the truth. Kreuger had managed to hide that he had stretched the company's finances beyond solvency by raising money on the US stock market while it was raging.
Four years ago, at the age of 45, my mom died of a drug overdose. I share my and her story to help others going through the same things we went through. When she died, I had seen her only once in 11 years, and surprisingly, it was exactly a week to the day before she died. For women who overdose and survive, there is a societal stigma. If you're on the other side — you've lost a woman in your life to an overdose — there are resources for you.
Elon Musk has become a media personality in his own right, from his viral tweets to appearances on a slew of TV shows and movies. Elon Musk has been featured in several TV shows and movies over the years. Musk is close friends with Endeavor CEO Ari Emanuel, one of Hollywood's most powerful agents and the inspiration for the character of Ari Gold on HBO's "Entourage." The billionaire is also reportedly friends with comedian Nathan Fielder and the creators of "Rick and Morty," to name a few of his Hollywood connections. Sources: The New York Times, The Wall Street Journal, Insider
Why Do Officials Filch Classified Documents?
  + stars: | 2023-01-27 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
The Campaign to Ban Gas Stoves
  + stars: | 2023-01-27 | by ( Kimberley A. Strassel | ) www.wsj.com   time to read: +1 min
Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.
As Americans enter the third year of the pandemic, most workers just aren't into their jobs, with nearly three-fourths saying they're either not engaged or actively disengaged at work, according to new Gallup data released Wednesday. Only 32% of American workers said they were engaged at work last year, down from an all-time high of 36% in 2020 and 34% in 2021, the data shows. Workers who are actively disengaged "are disgruntled and disloyal because most of their workplace needs are unmet," according to Gallup. Both women and younger workers value freedom and autonomy in the workplace, Harter said. Hybrid workers saw 2% increases in both active disengagement and "quiet quitting," and a 4% drop in engagement.
Social media users have been misinterpreting a small study of nine teenagers in Turkey, and wrongly saying it proves that there is a risk of long-term heart damage after COVID vaccinations. But the author of the study said the results may not represent what happens in all teens with post-vaccine heart inflammation, much less all teens who get vaccinated. Some social media posts misleadingly suggesting the study showed that all vaccine-related myocarditis causes long-term heart damage can be seen (here and here). “There is no exact causality between these cases and vaccination.”The case study also did not include pre-vaccination MRIs, so it is not known if any individuals had pre-existing heart damage. Moreover, the study does not suggest what proportion of teens in the general population experience heart inflammation following vaccination, Ozen told Reuters.
WASHINGTON — A top Republican who negotiated the bipartisan gun law that passed last year said he doesn't expect to see new legislative action on gun violence despite the recent mass shootings in California. Asked whether the House intends to take up legislation to combat mass shootings, House Speaker Kevin McCarthy, R-Calif., gave no indication that it would. Biden negotiated the assault weapons ban of 1994, which expired in 2004. “It’s time we pass an assault weapons ban in this country. I’m the author of the assault weapons ban in 1994.
In early 2020, he decided to start a podcast and has since booked over $120,000 in sponsorships. Here's how he began monetizing, as well as his tips for new podcasters to make money from ads. It took about six months for me to start landing regular sponsorship deals with brands for the podcast, and since then, I've booked partnerships worth over $120,000. These types of sponsorships were my second-biggest revenue stream in 2022, at about $53,000 for both the newsletter and the podcast. The quality of your audio mattersOne of the first things I did was hire an audio engineer to make the audio sound good.
Byron Donalds Schools Joy Reid on Social Security
  + stars: | 2023-01-25 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
"The Woman King" and "Till" got zero nominations for this year's Academy Awards. The snubs show Hollywood still undervalues Black creatives, especially Black women. The film led box-office charts when it debuted in September, and had some in Hollywood expecting the movie to nab spots for best picture, best director, or best actress. And this is the second year in a row in which no Black woman was nominated for the best actress trophy. For critics, the snubs of "The Woman King" and "Till" are proof that the Academy still doesn't give Black talent, particularly Black women, a fair chance to be recognized.
Walmart on Tuesday said it would raise its minimum wage to $14, affecting thousands of US workers. Activists have been pushing for a $15 minimum wage for over a decade, and now say at least $20 is needed. The federal minimum wage has been $7.25 since 2009, even as the cost of living has soared. Up until the middle of last decade, Walmart's minimum wage had matched the federal level at $7.25. One year later, Target also announced it would be raising its minimum wage to $15 per hour.
As populations decline and Americans rethink work, it could be time to start paying parents. Like many of the stay-at-home parents Insider spoke to, Carpenter began his work in reaction to an economic reality. As workers across industries rethink what they want out of work, parents could be the final frontier. That leaves both working and stay-at-home parents to create their own economic models, and perhaps dissuades some Americans from ever becoming parents. The idea of paying parents in order to boost birth rates and ensure better outcomes for those children isn't new.
Buzz Aldrin shoots the moon with 93rd birthday wedding
  + stars: | 2023-01-21 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Former astronaut Buzz Aldrin participates in the Veterans Day parade in New York U.S., November 11, 2019. REUTERS/Brendan McDermid/File PhotoWASHINGTON, Jan 21 (Reuters) - Former U.S. astronaut Buzz Aldrin, who became the second human being to walk on the moon more than half a century ago, got married on his 93rd birthday, saying he and his bride were "as excited as eloping teenagers." Faur, who has a doctoral degree in chemical engineering, has served as executive vice present of Buzz Aldrin Ventures for the past four years, according to her LinkedIn page. "We were joined in holy matrimony in a small private ceremony in Los Angeles & are as excited as eloping teenagers," Aldrin said on Twitter. The intense fame generated by the Apollo 11 mission 54 years ago overwhelmed Aldrin after he returned to Earth.
Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.
George Santos Has Got to Go
  + stars: | 2023-01-20 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
Missouri's abortion ban completely outlaws abortion with limited exceptions. The clergy, who come from denominations of Christianity, Unitarian Universalism, and Judaism, said the abortion ban violates their religious freedom and subjects them to "the religious dictates of others." "It came from religious leaders and communities, who have been explaining for decades that they see reproductive freedom as essential to religious freedom." But Missouri lawmakers openly discussed their religious beliefs on abortion while writing the abortion ban in 2019 according to the lawsuit, saying things like "Life begins at conception. There have also been more than a dozen cases challenging abortion restrictions on religious freedom grounds since the Supreme Court's decision, according to Platt.
The Supreme Court could not determine who leaked a draft abortion ruling last May. Yet the 20-page report has raised concerns about the rigor of the court's investigation. "During the course of the investigation, I spoke with each of the Justices, several on multiple occasions," Supreme Court Marshal Gail Curley, who conducted the investigation, said in a statement. An executive-branch investigation may have led to the justices speaking under oath, a line the Supreme Court marshal did not cross, according to her statement. The Supreme Court's marshal did not note any new leads in her report.
High COVID-19 vaccination rates in New South Wales (NSW), Australia, mean that most people admitted to the hospital are likely to have been vaccinated against the virus. New South Wales Health advises that unvaccinated individuals are more likely to experience severe illness from COVID-19. Nearly 100% of over-65s are vaccinated, a spokesperson for NSW Health told Reuters Fact Check by email. Reuters has previously factchecked false claims that a higher proportion of vaccinated people contracting COVID-19 or dying from it reflects vaccine effectiveness (here ) (here). A respiratory surveillance report from New South Wales, Australia, found that nobody admitted to hospital with COVID-19 during a two-week period was confirmed to have been unvaccinated.
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