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☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

☆ Disney trounces activist shareholders in a major win for Bob Iger
▼ + stars: | 2024-04-03 | by ( Allison Morrow | Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. Jay Rasulo, the former Disney finance chief who joined Peltz’s attempt, also lost by a wide margin, the person said. Retail shareholders, which hold roughly 35% of Disney stock, also voted overwhelmingly – 75% – for Disney’s candidates.

Persons: New York CNN — Disney, Bob Iger, Disney’s, —, Trian, didn’t, Trian’s Nelson Peltz, Jay Rasulo, Peltz’s, Peltz, ”, ” Iger, ” Peltz, Iger, CNN’s Oliver Darcy, Samantha Delouya, Oliver Darcy Organizations: New, New York CNN, Trian Fund Management, Blackwells, Disney, Retail, Financial Times, Republicans, Marvel, CNBC, Trian Partners Locations: New York, refocusing, Trian

☆ The battle over Disney’s future is about to be decided in a high stakes board vote
▼ + stars: | 2024-04-02 | by ( Hadas Gold | Samantha Delouya | ) edition.cnn.com time to read: +8 min

Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.

Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, —, It’s, ” Peltz, Perlmutter, ”, “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian

A Vermont mother wanted to teach her then-14-year-old son a lesson after he came home with electronic cigarettes he stole from a gas station. The teen eventually was injected with a ketamine, a sedative, then taken to a hospital, according to the lawsuit and video. When the two officers arrived to speak to the teen, Austrian told them her son was acting erratically and had a rough week. The lawsuit says the teen “reflexively rose from the bed and flailed his arms haphazardly at the officers." Officers told him to stop spitting, and paramedics, who police called, placed a spit hood over his head.

Persons: Cathy Austrian’s, they'll, Adante Pointer, ”, Pointer, Elijah McClain, Burlington, EMTs, ” Samantha Sheehan, Miro Weinberger, Sheehan, he'd, “ Organizations: The Associated Press, American Civil Liberties Union of Vermont, ACLU, Burlington, Associated Press, Burlington Fire Department, Police, Cumberland Farms Locations: Vermont, Burlington, Austrian, San Francisco Bay, Colorado, Cumberland

Try going for a stroll in much of Guatemala City: It is a pedestrian’s nightmare. Rifle-grasping guards squint at each passerby, sizing up potential assailants. But tucked within the chaotic capital’s crazy-quilt sprawl, there is a dreamlike haven where none of that exists. Evoking the feel of a serene Mediterranean town, Cayalá features milky white buildings with red-tile roofs, a colossal civic hall with Tuscan columns, cafes and high-priced restaurants, colonnade-lined plazas and walkable, stone-paved boulevards. All of this is open to the public — except for the gated sections where about 2,000 families live.

Locations: Guatemala City, Cayalá, States

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ Nelson Peltz renews proxy fight against Disney
▼ + stars: | 2023-11-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —Activist shareholder Nelson Peltz’s Trian Fund Management has launched a new proxy fight against Disney, just months after backing off from its earlier push after returned chief executive Bob Iger announced a vast cost-cutting plan for the media conglomerate. Trian declined to comment on how many seats it is seeking on Disney’s board, but said in the release that Disney has turned down its request for representation, including for Peltz. Trian’s reignition of its proxy fight comes a day after Disney revealed a shuffle to its board, with Morgan Stanley CEO James Gorman and former CEO of Sky Jeremy Darroch to join as new directors. Peltz in January launched a bid for a seat on Disney’s board after the company fired Bob Chapek in November 2022. We will be watching,” Peltz said on CNBC shortly after the conclusion of Iger’s TV interview in February, where the chief executive laid out his cost-cutting plan, addressed right-wing criticism of Disney and his decision to return to the company.

Persons: Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” “, ” Disney, Peltz, Bob Chapek, Chapek, Iger’s, Iger, “, ” Peltz, Disney, ” Iger, I’ve, ” — CNN’s Oliver Darcy Organizations: New, New York CNN, Management, Disney, Peltz, Sky, Walt Disney Company, Disney Parks, CNBC Locations: New York, Florida

☆ A woman was found trapped under a driverless car. It’s not what it looks like, the car company said
▼ + stars: | 2023-10-03 | by ( Andy Rose | ) edition.cnn.com time to read: +3 min

CNN —A pedestrian in downtown San Francisco was found critically injured and trapped underneath a driverless car Monday night. San Francisco Fire Department spokesperson Justin Schorr told CNN early Tuesday that the victim has multiple life-threatening injuries. The driverless vehicle was operated by Cruise, a San Francisco-based self-driving car company and subsidiary of General Motors (GM). Controversial driverless carsCruise has been the subject of controversy in San Francisco after California regulators last month approved robotaxi companies to operate their driverless cars 24/7 throughout the city. But advocates say driverless cars remain safer than human-operated vehicles.

Persons: it’s, Justin Schorr, ”, Navideh, ” Forghani, Schorr, ” Schorr, Elon Musk Organizations: CNN, Francisco Fire, Cruise, General Motors, San, San Francisco General Hospital, Fire Department, San Francisco Police Department, Cruise Automation Locations: San Francisco, California

☆ Real Madrid dominated by local rival Atlético Madrid in 3-1 derby loss
▼ + stars: | 2023-09-25 | by ( Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —It was derby day delight for Atlético Madrid, which shocked arch-rival Real Madrid at the Metropolitano Stadium in a comprehensive 3-1 victory. “I could have done better, maybe, that’s quite clear,” Ancelotti said after the match, according to Real Madrid. Half-time’s frustration quickly led way to second half blues as Atlético started the second 45 minutes even quicker than the first. Another ball in from the left, another header and another goal – Madrid had been rocked by the Colchoneros’ aerial threat. “The team wasn’t compact, especially in the first half and Atlético capitalized on that.

Persons: Atlético, Álvaro Morata, Antoine Griezmann, Toni Kroos, Morata, Jude Bellingham, Carlo Ancelotti, Luka Modrić, Rodrygo, “, ” Ancelotti, I’ve, it’s, Ancelotti, Oscar del Pozo, Samuel Lino, Federico Valverde, David Alaba, Chelsea loanee Kepa, Dani Carvajal, Lucas Vázquez, Ñíguez, Frenchman, Diego Simeone’s, Kroos, Jan Oblak, Kepa, Alaba, Eduardo Camavinga, Antonio Rüdiger, cynically, José María, – Madrid, Jose Breton, ” Organizations: CNN, Atlético Madrid, Real Madrid, Metropolitano, Los, La Liga, –, Bellingham, “, Getty, Chelsea, Madrid, Spanish national, Girona, Barcelona Locations: Madrid, Real Madrid, AFP, ” Madrid

Along with other consumer goods companies, Unilever has faced a surge in labor, freight and ingredients costs. Billionaire Peltz in recent weeks met two possible contenders to replace Jope, one of the sources said. FLORIDA TALKSEven before Jope announced his departure, Peltz met with a former consumer goods CEO in Florida, one of the sources said. In the last month, Peltz and his team also approached another former consumer packaged goods CEO about the Unilever job, the source said. Peltz supports Unilever's sustainability strategy, including a plan to decarbonize the company's business units, Unilever has said.

Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Unilever's search begins at a time of soaring food and energy prices which are hitting household budgets and hurting consumer confidence. The move was met with disapproval from shareholders, some of whom also criticised Unilever for prioritising sustainability over core growth. "This may signal more welcome future change at Unilever," Tineke Frikee, fund manager at Unilever investor Waverton Asset Management, said. A Unilever spokesperson said the company is "fully committed to the organisational changes" and that Jope is "completely committed to delivering against that strategy."

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