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Spitznagel thinks they should focus instead on lagging drivers that could spur a sharp stock downturn. Advertisement"Black Swan" investor Mark Spitznagel thinks that the stock market's streak of record highs is distracting from a more jarring reality that could come by year-end. In a recent interview with Bloomberg TV, he said investors are currently enjoying a market that's in a "Goldilocks zone." "When the yield curve disinverts and then unverts, the clock starts ticking and that's when you enter black swan territory," Spitznagel told Bloomberg. He has warned of a stock market crash since January 2023, and back in July, he said the market's yearslong rally has become the "greatest bubble in human history," and its bursting would make for a recession.
Persons: Stocks, they've, Mark Spitznagel, Spitznagel, , That's, capitalizes Organizations: Service, Bloomberg TV, Bloomberg, Universa Investments
The asteroid, dubbed 2024 PT5, is 33 feet long — roughly equivalent to a standard school bus. The asteroid is expected to enter Earth’s orbit Sunday and lurk there until Nov. 25, just over 56 days, Marcos said. Astronomers in Arizona spotted a different visiting mini-moon — a tiny asteroid named 2020 CD3 — in Earth’s orbit in February 2020. “A short mini-moon episode may last hours, days, weeks or a few months, and the affected object does not complete one revolution around Earth,” he said in an email. An early warning system for asteroids known as ATLAS (short for Asteroid Terrestrial-impact Last Alert System) discovered 2024 PT5 in early August.
Persons: , Carlos de la Fuente Marcos, Marcos, It’s, ” Marcos Organizations: American Astronomical Society, Gran, Canarias, NASA, University of Hawaii Locations: Spain, Arizona, Canary
One of these huge new AI data centers is being built at a Tesla office in the Silicon Valley town of Palo Alto. Related storiesDuring a presentation about Tesla's Dojo AI supercomputer, engineer Bill Chang said the company's testing used so much power that it overwhelmed a nearby Palo Alto substation. A slide from a Palo Alto city presentation The City of Palo AltoThe substation upgrade is being done at unprecedented speed. It doesn't help that on July 1 Palo Alto increased electric bills by 9%, well ahead of inflation. She also stressed that Palo Alto utility rates were not increased to pay for this substation upgrade.
Persons: , Elon Musk, Alistair Barr, Tesla, Bill Chang, Palo Alto Alistair Barr Organizations: Service, Business, Workers, Palo Alto, Palo, Hanover Substation Locations: Silicon, Palo Alto, CPAU, Palo, Hanover
The Right-Wing Dream of ‘Self-Deportation’
  + stars: | 2024-07-27 | by ( Emily Bazelon | ) www.nytimes.com   time to read: +2 min
The Republican National Convention was full of talk of surging “migrant crime,” even though such a rise does not exist. But there is one anti-immigration proposal on the right that Trump doesn’t talk about publicly. It’s a spin on “self-deportation.” The term — for provoking immigrants to leave of their own volition — has gone out of fashion but the idea continues to lurk. In February, the Heritage Foundation, a right-wing Washington think tank that’s become central to mapping out policy objectives for the next Republican administration, recommended requiring public schools to collect data on immigration status when students enroll. Heritage also said schools should charge tuition for children who are undocumented or who have a parent who lacks legal status.
Persons: Donald Trump, , Trump, Biden’s, hasn’t, Organizations: Republican National Convention, Trump, Heritage Foundation, Republican, Heritage Locations: Washington
Her multi-hour phone blitz to Democratic Party power players on Sunday hinted at an operation primed ahead of time but that was kept secret and didn’t leak. The vice president has shown signs of improving her political skills recently, but that’s never been her forte. In a memo to reporters, the Trump campaign previewed a blistering assault to come on Harris. Harris is the least popular vice president in history – which is no surprise given her terrible record,” the memo said. The question now is whether Harris, who has exhibited considerable political liabilities as vice president, has the skills, staying power and luck to take advantage.
Persons: CNN — Kamala Harris, Joe Biden –, Donald Trump, Harris, Biden, Nancy Pelosi, Biden’s, Pelosi, Harris –, Trump, that’s, Barack Obama, Susie Wiles, Chris LaCivita, “ She’s, Joe Biden, ” Harris carves, He’s, pollsters, • Harris, Ben Wikler, , outpolled, Nikki Haley, , you’re, we’ve, Eric Swalwell, CNN’s John Berman, Chris Sununu, ’ ” • Harris, Hakeem Jeffries, Chuck Schumer, Kamala Harris, ” Harris, anoint Harris, , It’s, Vance, “ Kamala Harris Organizations: CNN, Democratic, Democratic Party, Sunday, Trump, Biden, Republican, GOP, Chicago . Governors, Wisconsin Democratic, Badger, Former South Carolina Gov, ” Democratic, • New, • New Hampshire Republican Gov, White, National Collegiate Athletics Association, Paris Olympics, Locations: Wilmington , Delaware, Covid, Washington, America, Harris, Chicago ., California, , • New Hampshire, Iowa, American
Some of the most important factors to consider when buying a house are price, size, and location. Location and neighborhoodLocation is something you're stuck with until you move, so be sure you're choosing a city, school district, and neighborhood that suits your needs. If homes are flying off the shelves, you'll need to be prepared to make fast offers that get noticed right off the bat. If the appraisal comes in lower than what you offer, you'll have to make up the difference or renegotiate with the seller. Evaluating a house's resale potential is critical, as you want to be sure you're making a smart investment of your money.
Persons: Glen Pizzolorusso, Hope, that's, they're, it's, you've, they'll, you'll Organizations: Glen Christopher Luxury, Facebook, Energy Locations: Connecticut, Chevron
Read previewKamala Harris is enjoying a moment in the viral sun — with her #KHive surging into the mainstream, admitting they've been "coconut pilled." One coconut emoji too many, and Harris HQ could be veering into cringe, losing the coveted brain rot demographic. They've already started to try to capitalize on the memes — a little: The Harris presidential campaign's official TikTok account posted Charli XCX's Sunday tweet that said: "Kamala is brat." The Kamala HQ bio also reads "ready to provide context," which is a reference to another Harris-related meme. Advertisementkamala IS brat — Charli (@charli_xcx) July 22, 2024(If the coconut and brat references don't make sense to you, a brief explanation: Brat is a reference to Charli XCX's latest album, which has a girls-just-wanna-have-judgment-free-fun vibe.
Persons: , Kamala Harris, they've, Harris, They've, Kamala, kamala, — Charli, Charli, it's, Sen, Bryan Schatz, y8baSx44FL — Brian Schatz, Brandon, Joe Biden, Biden, Charlie Warzel, Trump, Alexandria Ocasio, Cortez —, Hillary Clinton's, Rachel Platten's, Katy Perry, qMYVn1BOtV, Brian Tyler Cohen Organizations: Service, Business, Hawaii, Biden, Convention
The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.
Persons: there’s, , Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, , you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU
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
TABLE FOR TWO: Fictions, by Amor TowlesFew literary stylists not named Ann Patchett attain best-sellerdom, but Amor Towles makes the cut. His three lauded novels — “Rules of Civility,” “A Gentleman in Moscow” and “The Lincoln Highway” — hung around on lists for months, if not years. The book spans the 20th century, bringing characters from a range of backgrounds into tableaus of deceit and desire. Towles devotes the first section to New York, its wealthy and famous shuffling against strivers and innocents in La Guardia terminals, musty bookstores or immigrant communities. In “The Line,” a naïve Communist builds a lucrative business that steers him to Manhattan, where con games lurk on every corner.
Persons: Amor Towles, Ann Patchett, , Towles, Timothy Touchett, Pennybrook, he’s Organizations: Carnegie, Motorola, Nokia Locations: Moscow ”, Lincoln, New York, Los Angeles, La Guardia, Communist, Manhattan
The sonic palette of "Cowboy Carter" is more diverse than its title may suggest. "Unwieldy as it is, it displays its author's ability to bend musical styles to her will, be they country, hip-hop or the baroque post-psychedelic easy listening that seems to lurk beneath the vocal gymnastics of My Rose. If the results don't quite hold together, 'Cowboy Carter' still proves Beyoncé is impressively capable of doing whatever she wants." — Helen Brown, The Independent"'Cowboy Carter,' however, is more than a genre-trapping production. It's a deep stylistic smorgasbord that gets scattershot in the final third of the album's 27 tracks (several of them interludes) with trap beats and fiddles vying for the front row."
Persons: Carter, Cowboy Carter, Beyoncé, Alexis Petridis, — Helen Brown, Melissa Ruggieri, — Shane O'Neill Organizations: The Washington Locations: USA
CNN —Russian President Vladimir Putin is widely expected to sail to re-election in a nationwide vote that begins on March 15, securing a fifth term in office and a full third decade as Russia’s paramount leader. As Kremlin chairman, Russian Prime Minister Mikhail Mishustin would become the country's leader temporarily if Putin were to die or be incarcerated while in office. In 2008, Putin reached the end of his second presidential term, and stepped aside for a handpicked placeholder, Dmitry Medvedev. Some Russian political observers speculate that the real competition to succeed Putin is not likely until the 2030s, when Putin reaches his sixth term. Even the former president Medvedev, who lost the number two slot in 2020 when he stepped down in a government shakeup, may still have aspirations.
Persons: Vladimir Putin, Alexey Navalny, Joseph Stalin, Putin, Dmitry Peskov, Putin “, Joe Biden, Putin’s, , , Andreas Umland, “ Putin, ” Umland, Wagner, Yevgeny Prigozhin –, “ It’s, Umland, Mikhail Mishustin, Gleb Schelkunov, Dmitry Medvedev, Medvedev, Irina Buzhor, Leonid Brezhnev, Alexander Lukashenko, Xi Jinping, Nursultan Nazarbayev, Nazarbayev, President Kassym, Tokayev, Andrey Pertsev Organizations: CNN, Stockholm Centre, Eastern European Studies, Russian, Russian Federation, Soviet, Air Force One, United Russia, Russian Security Council, AP, Chinese Communist Party, country’s Security, Kremlin Locations: Soviet, Ukraine, Moscow, Russia, Russian, Belarusian, Kazakhstan
Today, Celeste reads a “Modern Love” essay about exactly that bond, a mother trying desperately to reach her child. Why do you think you’re so drawn to tiny things? If you’re going to make something in miniature, you have to spend a lot of time really looking at it. Because, OK, Betsey’s daughter spray paints, “Too many bushes, not enough trees,” and you’re going around putting, honestly, beautiful lines of T.S. So there is something about that language that even if you think you’re rational, it’s getting to you somehow.
Persons: anna martin, ” I’m Anna Martin, you’re, Celeste Ng, Celeste, they’re, ” celeste, anna martin So, celeste ng, anna martin Tell, I’ve, I’m, celeste, anna martin Well, It’s, , Betsy MacWhinney, George W, Bush, Marissa, strode, , Wendell Berry’s “, Mary Oliver, Oliver, Berry, Marissa didn’t, I’d, wouldn’t, anna martin Isn’t, Betsy, She’s, anna martin Really, anna martin Celeste, Eliot, you’ve, ” anna martin, celeste ng I’m, anna martin Talking, she’s, anna martin Wow, anna martin I, didn’t, who’s, anna martin Betsy, Wendell Berry, what’s, , anna martin I’m, we’ve, He’s, anna martin He’d, Anna, Brittany Howard, brittany howard Love Organizations: The New York Times, eBay, Farmer, NASA Locations: manila, Sierra Leone, T.S, Hong Kong, There’s
Jerome Powell, chair of the Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on June 21, 2023. The past several months have seen a changing dynamic between financial markets and the Fed over the pace and timing of expected interest rate cuts this year. Markets have had to adjust their collective view from a highly accommodative central bank to one that's more cautious and deliberate. Central to the question of how the Fed acts from here on out is its view on inflation and how Powell expresses that. Powell will have to synthesize the recent trends carefully as he speaks first to the House Financial Services Committee on Wednesday, then the Senate Banking Committee the day after.
Persons: Jerome Powell, Nathan Howard, Powell, Quincy Krosby, He's, it's, Joseph LaVorgna, Steven Ricchiuto, Sharp Organizations: Federal, Financial, Washington , D.C, Bloomberg, Getty, Capitol Hill, Fed, LPL, CME Group, Banking Committee, Nikko Securities, Big Tech, Mizuho Securities, Market Locations: Washington ,
The startup company, Arctic Ice, shipped its first container of around 22 tons of Greenland ice to Dubai this year for sale to high-end bars and restaurants. Founded in 2022 by two Greenlanders, Arctic Ice has an interesting — and controversial — business model. Arctic Ice claims it’s offering a novel way to harness a natural resource, carving out new economic opportunities and raising awareness of the Arctic. Various attempts have been made over the past few decades to bring back natural ice commercially, but with little success. But perhaps inevitably for a business model that involves shipping a diminishing natural resource halfway across the world, Arctic Ice has attracted controversy.
Persons: , Malik V, Rasmussen, ” Rasmussen, , Jennifer Francis, Francis, It’s, Jason Box Organizations: CNN, glitzy, Climate Research, Geological Survey Locations: glitzy Dubai, Dubai, Nuuk, Greenland, Europe, people’s freezers, Norway, Denmark
In Defense of PG-13 Horror
  + stars: | 2024-02-28 | by ( Kellina Moore | ) www.nytimes.com   time to read: +1 min
There’s one unfairly maligned horror-movie feature that, when used wisely, can aid with such artful restraint: the humble PG-13 rating. Since many horror nerds predicate their identity on being able to enjoy content that is too depraved for the general public, they tend to look down on the PG-13 scary movie, viewing it as watered-down or wimpy. Sam Raimi’s “Drag Me to Hell,” for instance, about a cursed loan officer, contains Raimi’s over-the-top camp sensibility, yet reels in some of his signature gore. It opts for softer gross-outs like bugs and vomit instead of heavy blood and guts, but it doesn’t sacrifice impact. I once saw a screening of it at MoMA that played like a metal show, with the film’s sound blasting from the speakers and squeals of delight jumping from the audience with each increasingly demented sequence.
Persons: it’s, Sam Raimi’s Organizations: MoMA
When Russia conducted a series of secret military satellite launches around the time of its invasion of Ukraine in early 2022, American intelligence officials began delving into the mystery of what, exactly, the Russians were doing. Later, spy agencies discovered Russia was working on a new kind of space-based weapon that could threaten the thousands of satellites that keep the world connected. In recent weeks, a new warning has circulated from America’s spy agencies: Another launch may be in the works, and the question is whether Russia plans to use it to put a real nuclear weapon into space — a violation of a half-century old treaty. The agencies are divided on the likelihood that President Vladimir V. Putin would go so far, but nonetheless the intelligence is an urgent concern to the Biden administration. Even if Russia does place a nuclear weapon in orbit, U.S. officials are in agreement in their assessment that the weapon would not be detonated.
Persons: Vladimir V, Putin, Biden Locations: Russia, Ukraine
Bees in the wild have succumbed to a planet-wide die-off, taking almonds, avocados and honey down with them. But in a subterranean lab, three women doing “palliative care” with four remaining broods make a hopeful if gruesome discovery. Call it “Little Hive of Horrors.”That’s the setup, if nowhere near the payoff, of the “The Apiary,” a bright, strange and mesmerizing marvel by Kate Douglas, making her professional playwriting debut with this Off Off Broadway production. I say “almost too good” because a staging so sensitive yet confident could disguise whatever flaws may lurk in the text. The floor, the railings and even the paper in the beekeepers’ desktop inboxes are bumblebee yellow.
Persons: it’s, , Kate Douglas, Tony Kiser, Kate Whoriskey, Walt Spangler’s Organizations: Bees
NASA's Juno spacecraft snapped detailed images of the most volcanically active world in our solar system on Saturday. During this close fly-by, the spacecraft spotted plumes of volcanic activity erupting from Io's surface in real-time. This encounter was the second in a set of two close fly-bys designed to provide new insight into the fiery phenomena that lurk beneath Io's surface. The twin flybys are designed to provide new insight into how Io’s volcanic engine works and whether a global magma ocean exists under Io’s rocky surface. NASA / JPL-Caltech / SwRI / ASI / INAF / JIRAMThe Juno spacecraft has orbited Jupiter every 38 days since 2016.
Persons: JunoMission, Scott Bolton, it's, Juno, Andrea Luck, Patera, Jan Dryák Organizations: NASA, JPL, Caltech Locations: Mauna Loa
AdvertisementA few months later, she canceled the wedding due to the domestic violence she experienced from her fiancé. I found out by seeing a post on social media. Her husband posts pictures on social media washing brand-new four-wheelers they purchased for him and their two kids and an expensive truck. Research from the University of Wisconsin-Madison's Center for Financial Security tells us that 99% of domestic violence cases have a financial element. Certainly, remember what may happen before you give your niece money in the future, but don't stop showing up for her in other ways.
Persons: It's, she'll, we're, fiancé, Don't Organizations: University of Wisconsin, Madison's, for Financial Security
Many factories ran at half capacity or less because of weak demand inside China, and are working to export more to make up for it. China’s economy grew 5.2 percent last year as it rebounded from nearly three years of stringent “zero Covid” pandemic control measures, the country’s National Bureau of Statistics announced on Wednesday. During the final three months of the year, output rose at an annual pace of 4.1 percent. Longer term, China’s growth is slowing. High debt, a housing crisis that has undermined confidence, and a shrinking and aging work force are weighing on output.
Organizations: National Bureau of Statistics Locations: China
Russia is suspected of having used a new Iranian exploding drone in Ukraine, though it's not confirmed. The weapon, Iran's jet-powered Shahed-238, is believed to offer a speed boost over the Shahed-136 loitering munition. With these new drones, Moscow could create more headaches for Ukraine's air defenses, experts say. Remain of a Russian-made Shahed 136 at an exhibition on May 12, 2023 in Kyiv, Ukraine. Bendett said Iran will likely be taking notes on how its drones are used on the battlefield in Ukraine.
Persons: it's, , hWuxfEUzSV, lY3Js7yPH4, 🐈🇺, Ma, sy Organizations: Service, Kyiv Post, Zone, Business Locations: Russia, Iranian, Ukraine, Moscow, Iran, Tehran, Russian, Kyiv, Kherson, Ky
Private-asset binge exposes insurance to new risks
  + stars: | 2023-11-30 | by ( John Foley | ) www.reuters.com   time to read: +7 min
The concept is not new: Warren Buffett’s Berkshire Hathaway (BRKa.N) has used its insurance premiums to help fund everything from railways to cowboy-boot makers. The prospect of insurance companies buying risky loans or private equity investments has raised eyebrows. Many private credit assets, for example, rely on so-called private letter ratings based on confidential data. Given the private nature of private credit, it’s hard to see from the outside how big these risks are, or where they lurk. Besides, even if the share of life insurance assets that are mis-rated or undercapitalized is tiny, smaller insurers could carry more concentrated risk.
Persons: Blackstone, Warren Buffett’s Berkshire Hathaway, Fitch, Kroll, Egan, Jones, DBRS Morningstar, Banks, SVB, Jonathan Guilford, Neil Unmack, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Apollo Global Management, KKR, Global Atlantic, Investments, National Association of Insurance, England’s Everton FC, Rivals, Reuters Graphics Reuters, Federal Reserve, Federal Deposit Insurance Corp, Athene, P Global, Insurance, SVB, Thomson Locations: Global, Delaware , New York, Iowa, New York, London
They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.
Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California
A negotiation coach says some workers don't greet each other before diving into work, WSJ reports. 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 . AdvertisementSome employees would rather skip all the pleasantries and get straight to business when talking to their coworkers. AdvertisementNo matter the reason, the social disconnect happening in many offices indicates a lack of trust, Cohen said, according to WSJ.
Persons: aren't, , Moshe Cohen, he's, they've, that's, Cohen, Slack pings, Hubert Palan, lurk, Cohen didn't Organizations: Service, Wall Street, Microsoft
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