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☆ These bond funds are among the top performers in 2023 – Here’s what investors should do next
▼ + stars: | 2023-11-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Risk-taking investors also fared well in high-yield bonds, as the fund category generated a 2023 total return of 6.98% through Friday. Big performers in that category include the Pacific Income Advisors High Yield (MACS) Fund (PIAMX) for investors with managed accounts. The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) was also among the strongest performers in the fund category. See below for a list of top performing high yield bond funds, according to Morningstar Direct. "I think these historically high yields have offered attractive entry points for high quality," said Murphy.

Persons: It's, Morningstar, it's, Thomas Murphy, Rowe, Murphy Organizations: Treasury, U.S, Morningstar, Morningstar . Bank, SEC, Pacific Income, PIAMX, Morningstar Direct Locations: U.S

☆ Los Angeles freeway damaged by arson reopens ahead of schedule
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

A view following a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. REUTERS/Jorge Garcia/File Photo Acquire Licensing RightsNov 20 (Reuters) - A section of a freeway running through downtown Los Angeles that had been heavily damaged by fire earlier this month reopened on Monday, weeks ahead of initial forecasts, city officials said, offering a pleasant surprise for Southern California commuters. Officials said arson was the cause of a Nov. 11 fire that damaged Interstate 10 in Los Angeles, forcing a closure of the busy east-west road in both directions. "Our city is grateful for the 24/7 efforts of construction crews who have worked tirelessly to ensure that the 10 freeway will be safe to drive on by Monday," Los Angeles Mayor Karen Bass posted on X, formerly Twitter, on Sunday evening. Reporting by Gabriella Borter Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Jorge Garcia, Gavin Newsom, Los Angeles Mayor Karen Bass, Gabriella Borter, Bill Berkrot Organizations: REUTERS, California, Los Angeles Mayor, Santa, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Southern California, Santa Monica

[1/5] Bohdan Yermokhin, a Ukrainian teenager who was taken to Russia from the occupied city of Mariupol, shakes hands after arriving in Ukraine from Belarus at the border crossing in Kortelisy, amid Russia’s ongoing attack on Ukraine, November 19, 2023. REUTERS/Thomas Peter Acquire Licensing RightsKORTELISY, Ukraine, Nov 19 (Reuters) - A Ukrainian teenager who was taken to Russia from the occupied city of Mariupol during the war and prevented from leaving the country earlier this year returned to Ukraine on Sunday. In March, he tried to leave Russia for Ukraine via Belarus, but was stopped and sent back. "I believed I would be in Ukraine, but not on this day," Yermokhin told Reuters while eating at a petrol station after crossing into Ukraine. Asked if he was glad to be back in Ukraine, Yermokhin said "yes."

Persons: Bohdan Yermokhin, Thomas Peter Acquire, Volodymyr Zelenskiy, Yermokhin, Zelenskiy, Yermokhin's, Bohdan, he's, Andriy Yermak, Mariam Lambert, Kateryna Bobrovska, Russia's, Maria Lvova, Belova, Vladimir Putin, Pavel Polityuk, Tom Balmforth, Jane Merriman, Ron Popeski, Bill Berkrot, Chris Reese Organizations: REUTERS, Sunday, Children's Fund, UNICEF, Russia, FOSTER CARE, Foundation, Reuters, Criminal Court, ICC, Kremlin, Thomson Locations: Ukrainian, Russia, Mariupol, Ukraine, Belarus, Kortelisy, Qatar, MOSCOW, Moscow, Dutch, Minsk, Belarusian, The Hague

☆ How a boomer just got $50,000 in student debt wiped out after making payments for 25 years
▼ + stars: | 2023-11-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

It's a result of an account adjustment for borrowers who made the required 20 or 25 years of payments. AdvertisementGeorge Tucker thought he would be resuming student-loan payments alongside millions of other borrowers this fall. Tucker, 63, owed just under $50,000 on his student loans when the more than three-year pause on federal payments ended in October, per documents reviewed by Insider. Although PSLF was intended to forgive student debt after ten years of qualifying payments, Tucker said paperwork challenges with the program threw him off track, and he was not anticipating debt relief. George Tucker got $50,000 in student debt wiped out.

Persons: George Tucker, It's, Tucker, —, Little, he's, PSLF, MOHELA, Harris, Joe Biden's, isn't, Miguel Cardona, servicers, Jason Harmon, Harmon couldn't Organizations: Service, Public, Harris Administration, Biden, Joe Biden's Education Department, Department, Education, Education Department, MOHELA

Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia. Two other OPEC+ sources said deeper cuts could be discussed. "It is not pleasant to see that market volatility is greater ahead of the next meeting while fundamentals overall remain solid," one of the OPEC+ sources said. While three sources said more cuts could be required, two other OPEC+ sources said it was too early to say whether further cuts will be discussed, while another said he did not think it was likely with the caveat to "wait and see".

Persons: Dado Ruvic, Brent, Olesya Astakhova, Alex Lawler, Ahmad Ghaddar, El, Dmitry Zhdannikov, Simon Webb, David Evans Organizations: REUTERS, Oil, OPEC, Ministers, Organization of, Petroleum, Saudi Energy Ministry, International Energy Agency, Reuters, Energy, Thomson Locations: Saudi Arabia, LONDON, East, Russia, OPEC, Saudi

☆ Using marijuana during pregnancy may heighten risk for baby
▼ + stars: | 2023-11-16 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

The vast majority of marijuana use was during the first three months of pregnancy, the study found, and it was predominantly recreational rather than medical. A 2020 study found that women who used weed during pregnancy were 1.5 times more likely to have a child with autism. However, mothers using marijuana during pregnancy were 2.6 times more likely to give birth to a baby with a low birth weight, which can contribute to difficulties in eating, gaining weight and fighting infection. Indeed, the study also found that infants born to moms using marijuana were 2.5 times more likely to need to be admitted for intensive care. A warning for pregnant peopleAny woman using marijuana who discovers she is pregnant should immediately discuss the issue with her doctors, experts say.

Persons: CNN —, ”, Maryam Sorkhou, “, ” Beth Bailey Organizations: CNN, CNN — Infants, University of Toronto, National Institute on Drug, US Centers for Disease Control, Central Michigan University’s College of Medicine, American College of Obstetricians Locations: United States, Canada, Mount Pleasant

A recently edgy bond market gobbled all that up. Funds' bonds allocation in November soared 18 points over the month to leave them net 19% overweight - almost 3 standard deviations above long-term averages. Asset managers' overweight bond positions - or at least those in government bonds and U.S. Treasuries - tends to be mirrored by big short positions in Treasury futures among speculative hedge funds. CFTC numbers show the scale of that speculative 'Big Short' on the flipside of the mounting 'Big Long' built by regular asset managers. Lamont points out that U.S. Treasury yields and investment grade corporate debt yields would have to rise about another 100bps for the capital losses to wipe out current yields.

Persons: Sarah Silbiger, Lazard, Ronald Temple, Lombard Odier's Florian Ielpo, Duncan Lamont, Lamont, Jason Pride, Mike Dolan, Susan Fenton Organizations: El Progreso Market, Washington , D.C, REUTERS, Bank of America's, Treasury, Reuters, Thomson Locations: Mount Pleasant, Washington ,, what's

Taika Waititi's “Next Goal Wins” concerns the quest of a historically bad national soccer team, the 2011 American Samoa men's squad, in their struggle to qualify for the FIFA World Cup after an infamous 31-0 drubbing against Australia. “Next Goal Wins," inspired by a 2014 documentary of the same name, is a sports movie that delights in upending the conventions of sports movies. Waititi, himself, doesn’t know much about soccer and professes to know even less after making “Next Goal Wins,” which opens in theaters Friday. AP: Your last “Thor” movie took apart masculinity and superhero convention, and “Next Goal Wins” seems just as disinterested in sports movie traditions. Well, my second film ("Boy") is a sort of deconstructed anti-feelgood family film.

Persons: Taika, Michael Fassbender, Oscar Kightly, Jaiyah, “, ” Waititi, Jojo Rabbit ”, doesn’t, He's, he's, Thor, I’m, You've, it’s, They’re, Adam Sandler, It’s, you’re, you’ve, “ I’m, Jake Coyle Organizations: TORONTO, —, soccer team, Samoa men's, FIFA, Australia, Toronto, Hollywood Locations: Hollywood, Europe, Hawaii

☆ Chatbots just showed scientists how to make social media less toxic
▼ + stars: | 2023-11-14 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

AI bots, on the other hand, will do whatever you tell them to, practically for free. So researchers are starting to use chatbots as fake people from whom they can extract data about real people. In July 2020, Facebook introduced a walled-off simulation of itself, populated with millions of AI bots, to study online toxicity. His team created hundreds of personas for its Twitter bots — telling each one things like "you are a male, middle-income, evangelical Protestant who loves Republicans, Donald Trump, the NRA, and Christian fundamentalists." Scientists create experiments to be simpler than reality, to offer explanatory power uncomplicated by the messiness of real life.

Persons: chatbots, Donald Trump, Petter Törnberg, Törnberg, Emma, Terry Crews, mindlessly, we've, LLMs, Lisa Argyle, Joon, he's, Smallville's café, messier, it's, sims, Adam Rogers Organizations: ABC News, CNN, New York Times, Twitter, Institute, Logic, University of Amsterdam, Columbia University, Facebook, NRA, American, Election, Democratic, Chamber Twitter, Brigham Young University, Stanford University Locations: Alabama

The revamped Congressional District 2, which was designed to boost the voting power of Black residents, has a voting-age population that is 48.7% Black, giving the district a decidedly Democratic tilt. State Republicans, however, say they are not ceding the seat without a fight. A federal judge ordered Georgia to draw an additional Black-majority congressional district, although the state plans to appeal. The Alabama district is an open seat in the 2024 election after the current representative, Republican Rep. Barry Moore, was drawn out of the district. Moore has decided to challenge Republican Rep. Jerry Carl in Congressional District 1.

Persons: —, Zac McCrary, Viet Shelton, Shelton, John Wahl, Wahl, ” Wahl, Barry Moore, Moore, Jerry Carl, Marine James Averhart, Napoleon Bracy, Jr, Sen, Merika Coleman, Anthony Daniels, Vivian, Brian Gary, Juandalynn, Jeremy Gray, Phyllis Harvey, Willie J, Lenard, Vimal Patel, Larry Darnell Simpson, Darryl Sinkfield, Greg Albritton, Dick Brewbaker, Caroleene Dobson, Karla M, Wallace Gilberry, Hampton Harris, Stacey T, Belinda Thomas Organizations: Democratic, Republican, Representatives, Republicans, Alabama, U.S . House, Congressional, Democratic Congressional, Committee, Democrats, Associated Press, State Republicans, Alabama Republican, Democratic Party, Republican Rep, Marine, Hall, Alabama Education Association, NFL, University of Alabama, Newton City Locations: Ala, Alabama, Georgia , Louisiana, Viet, ”, Florida, Georgia, Prichard, Pleasant Grove, Huntsville, Birmingham, Opelika, Newton

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ Preet Bharara On Why Closing Cases Is a Vital Part of Prosecution - The New York Times
▼ + stars: | 2023-11-12 | by ( Preet Bharara | ) www.nytimes.com time to read: +2 min

Common sense suggests that the next step would be to advise the persons under investigation that they are no longer targets. Prosecutors investigate crimes because people commit them, and those who break the law must be brought to justice. Maybe that means prosecutors are putting the final touches on an indictment. No news is good news, they’ll say, because silence at least means the indictment hasn’t been signed. And to pester the prosecutor about where you stand will achieve nothing other than irritating the person in whose hands your fate rests.

Persons: —, They’ve, hasn’t Organizations: Department of Justice, Southern, of Locations: United States, of New York

☆ I quit my job at a brand-new Dollar General store after facing flooding, broken freezers, and frosty bathrooms
▼ + stars: | 2023-11-12 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

Dollar General plans to open nearly 1,000 stores this year as it approaches 20,000 stores in the US. AdvertisementAdvertisementThis as-told-to story is based on a conversation with a former Dollar General employee in Minnesota who worked at a store that opened in 2021. So when the Dollar General store opened there, it got a lot of business. The first day I worked there, we were supposed to stock the shelves before the store opened. AdvertisementAdvertisementDo you work at a Dollar General store and have a story to share?

Persons: —, freezers, that's Organizations: Service, Dollar, Walmart Locations: Minnesota, there's

[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. The U.S. banking sector was in turmoil in the spring as Silicon Valley Bank abruptly collapsed after grappling with large amounts of unrealized losses spurred by rapidly rising interest rates. She said reinflation was a risk, especially if banks do not correctly anticipate interest rate moves and adjust their portfolios appropriately. That led to unrealized losses across the sector coming under closer scrutiny. Global banking and securities regulators are also still grappling with the fallout from the collapse of Credit Suisse Group (CSGC.UL).

Persons: Sarah Silbiger, Ana Arsov, Arsov, reinflation, ” Arsov, Tim Wennes, Paul Servais, Paritosh Bansal Tatiana Bautzer, Megan Davies, Lisa Shumaker, David Gregorio Our Organizations: El Progreso Market, Washington , D.C, REUTERS, Reuters, Banco Santander, Global, Credit Suisse Group, UBS, Jean, International Organization of Securities Commissions, Financial, Swiss, Thomson Locations: Mount Pleasant, Washington ,, U.S, SVB

☆ Hong Kong finance summit tiptoes around China
▼ + stars: | 2023-11-09 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

HONG KONG, Nov 9 (Reuters Breakingviews) - Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. Hong Kong is hardly a hot destination for financiers right now. Companies raised just $2.7 billion from initial public offerings in Hong Kong in the quarter, a fraction of previous years. Hong Kong officials including John Lee, the territory’s chief executive, have been sanctioned by the U.S.. Follow @peter_tl on XCONTEXT NEWSThe Global Financial Leaders’ Summit was held in Hong Kong from Nov. 6 to Nov. 8.

Persons: Marc Rowan, Colm Kelleher, Morgan Stanley, Goldman Sachs, David Solomon, Jane Fraser, Ken Griffin, Hong, John Lee, Eddie Yue, Kung, Zhang Qingsong, Bob Prince, Mark Wiedman, Apollo’s Rowan, UBS’s Kelleher, Joseph Yam, Una Galani, Thomas Shum Organizations: Reuters, Apollo Global Management, UBS, Monetary Fund, Companies, Citigroup, Citadel, Hong Kong Monetary Authority, Hong Kong’s HK, Exchange, People’s Bank of China, Bridgewater Associates, BlackRock, Goldman, Bank for International, Global, ’, Thomson Locations: HONG KONG, Hong Kong, Europe, U.S, China . Hong Kong, China, People’s Republic, Hong, British, Singapore, BLK.N, ”

☆ Samantha Woll: Suspect arrested in killing of Detroit synagogue leader is released
▼ + stars: | 2023-11-08 | by ( Omar Jimenez | Dakin Andone | ) edition.cnn.com time to read: +3 min

CNN —A suspect who was taken into custody in last month’s killing of Detroit synagogue president Samantha Woll has been released, the suspect’s lawyer said Saturday. Still, Woll’s killing has rattled Jewish community members still grappling with Hamas’ deadly October 7 attacks on Israel and the ensuing conflict. Police did not identify the suspect in Woll’s killing. Under Michigan state law, suspects cannot be detained longer than 72 hours without a court hearing. Woll had been her “normal positive and pleasant self” at the wedding prior to her killing, White noted, citing police interviews.

Persons: Samantha Woll, James E, White, Allison Kriger, Isaac, ” White, Woll, “ Sam, Rabbi Ariana Silverman, ” Organizations: CNN, Detroit Police, Police, Detroit Free Press, Detroit Police Department, ” Police, Prosecutors Office Locations: Detroit, Israel, United States, Michigan, Wayne

AdvertisementAdvertisementMy family's cruise cost less than $1,700 for a week visiting several islands in Greece and Turkey. Cruise travel insurance is a good way to make sure you get the most out of the money you spend. Either way, interior cabins are always the least expensive, and they are often roomier and nicer than you might think. Compare cruise lines and itinerariesMake sure to compare cruise lines and itineraries before you book a cruise. Book earlyFinally, booking early is always the best way to save money on a cruise.

Persons: — Organizations: Service, MSC Musica, MSC Cruises, MSC Voyagers Locations: Greece, Turkey, Caribbean, Europe, Athens, Mykonos, Rhodes, Santorini, Cyprus, Kuşadası

☆ I bought a Tesla Model 3 to drive long distances. It's easier and more affordable than I expected, but there's one downside.
▼ + stars: | 2023-11-06 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Wally Nowinski bought a Tesla Model 3 in 2020 to drive from California to his parents in Michigan. It was so easy to buyEven if Tesla was selling a gas car, I would probably buy it. Most people go to their neighborhood gas station once a week, but with an electric car you'll never have to do that again. AdvertisementAdvertisementFor most of the time I've owned the car, I've lived in apartments. I'd even consider another electric car.

Persons: Wally Nowinski, Elon Musk, —, it's, Tesla, I've, It's Organizations: Tesla, Service Locations: California, Michigan, El Cerrito , California, San Francisco, Seattle

☆ A boomer who moved from California to Tennessee said the slower pace of life and lower cost of living are big pluses
▼ + stars: | 2023-11-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A boomer recently moved from San Diego to Murfreesboro, Tennessee, for a lower cost of living. The semi-retired business owner said he's house hunting for homes that cost half as much as in San Diego. Murfreesboro, a city in the center of the state a one-hour drive from Nashville, may not have all the skyscrapers and tech headquarters of San Diego. He said he's found a vibrant business community in Tennessee with a slower pace of life and a lower cost of living. He's also had to sacrifice the consistently warm weather in San Diego for the warmer summers and colder winters of Tennessee.

Persons: —, Bob Giramma, Giramma, he's, It's, it's, we're, they've, He's Organizations: Service Locations: San Diego, Murfreesboro , Tennessee, Diego's, Murfreesboro, Nashville, Tennessee, California, Tennessee , Texas , Idaho , Nevada, North, South Carolina, Boston, Franklin

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

Delta Air Lines said Wednesday that the pilot accused of threatening to shoot the plane's captain during a flight no longer works for the airline, and federal officials say his authority to carry a gun on board was revoked. The incidents have revived debate about psychological screening, which relies largely on trusting pilots to volunteer information about their mental health. Ross Aimer, retired airline pilot and now CEO of an aviation consulting company, said screening for mental health is far less than for drug and alcohol use and needs to be improved. He said pilots are unlikely to volunteer information that could point to mental health problems. “If I mention something about having mental issues, I’m done" — a pilot's career can be over — Aimer said.

Persons: Jonathan J, Dunn, ” Dunn, “, Joseph David Emerson, Ross Aimer, — Aimer Organizations: Delta Air Lines, Transportation, Administration, TSA, Pilots, Attorney’s, Alaska Airlines, Horizon Air Locations: Utah, New Mexico, U.S, Salt Lake City, The U.S, midflight, Pleasant Hill , California, Portland , Oregon

WASHINGTON (AP) — Before House Speaker Mike Johnson was elected to public office, he was the dean of a small Baptist law school that didn't exist. “The law school deal was really an anomaly. As dean of the proposed law school, Johnson embarked on a major fundraising campaign and described a big-dollar event in Houston with former Arkansas Gov. Bobby Jindal and Pressler, according to an account Johnson wrote in a 2011 alumni magazine. Meanwhile, the historic former federal courthouse in Shreveport that was selected as the law school’s campus required at least $20 million in renovations.

Persons: Mike Johnson, Johnson, Kevin McCarthy, It's, “, ”, Gene Mills, Johnson's, ” J, Michael Johnson, Southern Baptist Convention luminary, Tony Perkins, Jerry Falwell, “ I’m, Joe Aguillard, Mike Huckabee, Bobby Jindal, Aguillard, “ Mike, Gilbert Little, ” Johnson, Perkins, Little, Barack, Kelly, Kelly Johnson, Louis “ Woody ” Jenkins, Jenkins, Democrat Mary Landrieu, Moon Griffin, Eugene Mills, Mills, ” Mills, Johnson’s, George W, Bush’s, it’s, Lamar White Jr, Lamar, Richard Lardner, Trenton Daniel Organizations: WASHINGTON, Paul Pressler School of Law, Louisiana College, Louisiana Christian University, Republican House, Southern Baptist Convention, Family Research, Southern Poverty Law, Liberty University, Daily, ”, Arkansas Gov, Louisiana Gov, Freedom Guard, Southern Baptist Conference, Shreveport Times, ABC News, Louisiana State University, Democrat, Louisiana Family, Alliance Defense Fund, Alliance Defending, ADF, CNN, Democratic, Civil, Associated Press Locations: Louisiana, Washington, Alexandria , Louisiana, Houston, Pressler, Africa, Shreveport, Shreveport , Louisiana, everyone’s, America, New Orleans, Texas, Orleans Parish, Trump’s, Baton Rouge, New York

A pilot has been indicted for allegedly threatening to shoot the plane's captain if the captain diverted the flight because of a passenger who needed medical attention. “After a disagreement about a potential flight diversion due to a passenger medical event, Dunn told the Captain they would be shot multiple times if the Captain diverted the flight,” the inspector general's office said. It did not identify the airline on which the incident occurred, saying only that it was a commercial airline flight. He was subdued by the captain and co-pilot and arrested after the plane diverted to Portland, Oregon. Pilots are required during regular medical exams to disclose depression, anxiety, drug or alcohol dependence, and medications they take.

Persons: Jonathan J, Dunn, Joseph David Emerson Organizations: Transportation, Transportation Security Administration, FBI, Federal Aviation Administration, U.S, Attorney's, Alaska Airlines, Horizon Air Locations: Utah, California, Salt Lake City, midflight, Portland , Oregon, Pleasant Hill , California, Portland

☆ A Gen Xer moved to North Carolina to save money for retirement. Her beachfront home cost about half as much as her California property, but the weather doesn't compare.
▼ + stars: | 2023-10-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Sandra, a Gen Xer, recently moved from the Los Angeles area to the beaches of North Carolina. While the weather isn't as ideal, North Carolina has been a pleasant surprise. AdvertisementAdvertisementSandra decided that instead of retirement by the beaches of Los Angeles, she'd instead enjoy life by the North Carolina shore. Even though she said insurance is a bit higher in North Carolina given the prevalence of hurricanes, her taxes have been cut by around half. AdvertisementAdvertisementThe more diverse politics of her area — since North Carolina is a purple state — was also a plus over deep red South Carolina, she said.

Persons: Sandra, —, she'd, she's, doesn't Organizations: Service, Navy, Hilton, Ventura, AAA, Survey Locations: Los Angeles, North Carolina, East Coast, California, Massachusetts, East, Raleigh, Charlotte, Charleston, South Carolina, Carolina

☆ Analyzing the market sell-off: Routine S&P 500 correction or something more serious?
▼ + stars: | 2023-10-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500, YTD The S & P 500 is also down 10% over the past two years and at a level first reached 30 months ago, with U.S. GDP now 18% larger than it was then and annualized earnings 10% higher. This places the S & P 500 at around 17 times forward earnings, roughly the past decade's average. The equal-weight S & P is near a 14 multiple and the equal-weight consumer discretionary sector is under 13, near the 2022 low P/E. Bank of America equity and quantitative strategist Savita Subramanian points out that "Consensus long-term growth expectations for S & P 500 earnings have dropped to record lows, a rather powerful contrary indicator." Yes, market breadth is lousy, the equal-weight S & P 500 less than 5% above the October 2022 low, but this is also how markets look when they're getting "sold out."

Persons: it's, Goldman Sachs, It's, Savita Subramanian, Stocks Organizations: Federal Reserve, U.S, Bank of America Locations: Israel, Iraq

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