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☆ From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
▼ + stars: | 2024-05-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +18 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.

Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, —, Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware

☆ Tiger Woods accepts special exemption to play the US Open
▼ + stars: | 2024-05-03 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Tiger Woods will tee up at the US Open for the 23rd time after accepting a special exemption to play the 124th edition of the major on Thursday. “The US Open, our national championship, is a truly special event for our game and one that has helped define my career,” Woods told the USGA. Woods celebrates sealing his second US Open title in 2002 after a three-shot victory at Bethpage Black in Farmingdale, New York. “The story of the US Open could not be written without Tiger Woods,” USGA Chief Championships Officer John Bodenhamer said in a statement. “My goal is to ruin the logo, I want to keep ruining the logo,” Woods told Carson Daly.

Persons: ” Woods, “ I’m, Timothy A, Clark, Woods, Tiger Woods, John Bodenhamer, “, ”, Scottie Scheffler, Jack Nicklaus ’, Carson Daly, Charlie, –, ‘, Wyndham Clark, Rory McIlroy Organizations: CNN, Pinehurst, Country Club, United States Golf Association, USGA, Bethpage, Getty, Torrey Pines, Augusta National, NBC’s Locations: North Carolina, Pinehurst, Bethpage Black, Farmingdale , New York, AFP, Los Angeles, Torrey, Florida

☆ China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry
▼ + stars: | 2024-05-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Thousands of people in China have been duped into forking out money on "fake gold" — inferior or artificial gold — after trying to purchase so-called "999 gold" online, according to the government. The purest form of gold is commonly referred to as 999 gold, because it has gold content of 99.9%. "Fake gold is becoming a major problem in China as more Chinese are looking to put their savings into gold," said China Market Research Group's Managing Director Shaun Rein. Fake gold gets darker or reveals a greenish color when placed under flame, while pure gold turns brighter on exposure to heat.

Persons: Shaun Rein, Nikos Kavalis, Rein, Taobao, Pinduoduo Organizations: Visual China, Getty, Research, India, World Gold, Metals, ChinaFotoPress Locations: Zhejiang Province, China, scammers, Nantong

☆ Urris: Irish moonshine and the village that declared itself an outlaw republic
▼ + stars: | 2024-05-02 | by ( Yolanda Evans | ) edition.cnn.com time to read: +8 min

Back in the 19th century, however, this county was at the center of an illegal trade in poitín – or Irish moonshine. Inishowen in particular was such a hive of illegal activity that the area was jokingly referred to as the Urris Poitín Republic. Fed up with the heavy fines, the people of Urris declared themselves the independent nation of the “Urris Republic of Poitín” and sealed themselves in by collapsing the pass in 1812, McLaughlin-Doherty explains. The townspeople were able to be self-sufficient because of their farmlands and fishing, thus allowing the Urris Republic of Poitín to last for three years before the coup was ended in 1815. The Catholic Church, a stronghold in Ireland, was instrumental in the eventual curbing of illegal poitín production.

Persons: there’s, Malin, –, uisce, Innis Murray, Martin Hegarty, Jennifer McLaughlin, Doherty, “, Urris, McLaughlin, Poitín, ”, Pat Doherty, poitín, Clara Molden, Aengus King, Pádraic Ó Griallais, Poitin, Ó Griallais Organizations: CNN, Donegal, distillers, Irish Ancestral Tours, Research, “, Catholic, Camera, Drinks, Micil Distillery, Revenue, Department, Agriculture Locations: Inishowen, Ireland’s, There’s, Clonmany, Lenan, poitín, Republic, Ireland, Sligo, Urris, Poitín Republic, Poitín, Urris Republic, Republic of Urris, Ireland’s Shannon, Dublin, Drinks Ireland, Galway, “, Britain

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Japan’s ‘Moon Sniper’ returns images after third long, lunar night
▼ + stars: | 2024-05-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Temperatures during the lunar night can plunge to minus 208 degrees Fahrenheit (minus 133 degrees Celsius), according to NASA. And Moon Sniper wasn’t expected to withstand even one lunar night, which is a period of darkness on the moon lasting about two weeks. Riding out the lunar nightThe mission team communicated with Moon Sniper on April 23 after the lander rode out its third lunar night. From JAXAIn addition to surviving the extreme cold of the lunar night, Moon Sniper has also endured the searing temperatures of the lunar day, which can reach 250 degrees Fahrenheit (121 degrees Celsius), according to NASA. On February 29, after seven days of operating, Odie went to sleep because it wasn’t intended to survive the lunar night.

Persons: CNN —, Smart, SLIM, ’, Moon, ”, Odysseus, Odie ”, Odie, “ Odie, Jack Fischer, Fischer, ” Fischer, “, I’m, Vikram, Artemis, Noah Petro, Artemis III, ” Petro Organizations: CNN, Japan Aerospace Exploration Agency, NASA, JAXA, Reconnaissance, Artemis, Apollo Locations: Japan, Houston, India, China

☆ How Not to Be a Selfish Gardener - The New York Times
▼ + stars: | 2024-05-02 | by ( Olivia Laing | ) www.nytimes.com time to read: +3 min

The idea of the garden as a place of sinister seclusion has found its way to the world of high fashion. In Ballard’s characteristically bleak tale, a desperate mob advances on an elegant garden, where Count Axel and his wife live out a civilized, secluded existence. The selfish gardener of the 21st century creates idyllic vistas that rely on fertilizers and pesticides that poison the wider ecosystem or demand water in a time of drought. In her gripping memoir of the Second World War, “War in Val d’Orcia,” she describes a similar tide of desperate humanity approaching her garden gate. Unlike Ballard’s Count Axel, she didn’t seek to repel them, retiring to the library to dust her statues.

Persons: J.G ., Count Axel, Anna Wintour, Iris Origo, Val d’Orcia, Christopher Lloyd, Fergus Garrett, Garrett Organizations: Vogue Locations: J.G . Ballard, La Foce, Tuscany, Val, England

☆ Trump gives his strongman’s ambitions free rein on a day off from court
▼ + stars: | 2024-05-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —Donald Trump used his day off from a criminal trial related to a past election to cast a dark, familiar shadow over the next one. Trump cut an unrecognizable figure from the grim ex-president who bleats a daily dirge of complaints about his hush money trial outside Judge Juan Merchan’s court. On specific issues, surveys show Trump leading Biden on most issues including the economy, immigration, and the Israel-Hamas war. “A chilling glimpse into Trump’s second term plansSix months before the election, Trump’s searing campaign rhetoric is becoming less an exercise in performative demagoguery than a blueprint for a potential second term. In the Time interview, Trump comes across as confident and determined to learn the lessons of his first term in which he claims he was let down by “bad” officials.

Persons: Donald Trump, Joe Biden, ”, Trump, bleats, Juan Merchan’s, ” Trump, he’s, Merchan, Joe Biden’s, Biden, Kamala Harris, Roe, Wade, David Axelrod, Barack Obama, Axelrod, CNN’s Erin Burnett, “, Trump’s, doesn’t, he’d, It’s, Eric Cortellessa, ” He’s, quagmire, it’s Organizations: CNN, Milwaukee Journal Sentinel, Capitol, shudder, White, Democratic Party, “, Columbia University, Trump, National Guard, Guard, Republican, ’, ” Locations: Wisconsin, Michigan, Manhattan, America, crackdowns, “, “ New York, North Carolina, Israel, Florida, Freeland , Michigan, Washington, China

☆ Rare Oklahoma tornado wows Meteorologists
▼ + stars: | 2024-05-01 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

To be clear, in this loop we have a westward moving, dissipating cyclonic tornado AND and newly developed anticyclonic tornado also moving west-southwest with a debris signature. This storm produced a “large and extremely dangerous” tornado north of Loveland, Oklahoma, just before 10 p.m. CDT, according to a weather service warning. Reflectivity (left) and velocity (right) radar imagery captures a tornado taking a looping path just north of Loveland, Oklahoma, Tuesday night. Reflectivity (left) and velocity (right) radar imagery shows an anticyclonic tornado in progress just southeast of Loveland, Oklahoma, on Tuesday night. Most anticyclonic tornadoes are weak and short-lived, meaning this twister was rare on two fronts.

Persons: ” Rick Smith, SCpnyWXOgA — Taylor Trogdon, Smith, Sam Shamburger, “, ” Smith Organizations: CNN, National Weather Service, Oklahoma -, Loveland, Tornadoes, Northern, “ Tornadoes, Emergency Management, Nebraska Locations: Oklahoma, Tillman County , Oklahoma, Norman , Oklahoma, Oklahoma - Texas, Loveland , Oklahoma, Greensburg , Kansas, Loveland, ”, Hollister , Oklahoma, Tillman, Texas

☆ Red Lobster Isn't Nearing Bankruptcy Because of Endless Shrimp
▼ + stars: | 2024-05-01 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."

Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego

☆ Beth Rodden: After her kidnapping, she was ‘embarrassed’ to feel traumatized. Now, this climber is learning to be vulnerable
▼ + stars: | 2024-05-01 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —Weeks after being taken hostage by captors from the Islamic Movement of Uzbekistan, American climber Beth Rodden was back home – but plagued by nightmares of her ordeal. On their return to the US, Rodden was baffled to find that people within the climbing community were inclined to “celebrate” their ordeal. And obviously, this was a harrowing tale,” Rodden tells CNN Sport 24 years on from the incident. Rodden struggled with insomnia and nightmares, and although she went to a few therapy sessions she says she didn’t really open up. People that are postmenopausal that are older, younger – I feel like it’s just becoming a more inclusive, well-rounded community,” she added.

Persons: CNN — Weeks, Beth Rodden, Rodden, Tommy Caldwell, –, Caldwell, Beth Radley, Jason Smith, John Dickey, ”, ” Rodden, Rich Pedroncelli, “, ‘, It’s, ‘ You’re, ’ Rodden, Ryan Moon, There’s, Smith Organizations: CNN, Islamic, of, CNN Sport, “ Locations: of Uzbekistan, American, Kyrgyzstan, Kyrgyz, Tajikistan, El Capitan, Davis , California, perfectionism, Yosemite, Oregon

☆ She Accused a Rowing Legend of Abuse. Now He Is Being Erased From the Sport.
▼ + stars: | 2024-04-30 | by ( Juliet Macur | ) www.nytimes.com time to read: +1 min

A 16-month investigation made public on Tuesday determined that child sexual abuse accusations against Ted Nash, a two-time Olympic medalist and nine-time Olympic coach for the United States who had mythic status in his sport over decades, were credible and that his main accuser had no motive to lie about the abuse. She was 13 then and he was her 40-year-old running coach. The abuse, which lasted about a year, ended in 1973, said Ms. Fox, whose 2018 film “The Tale” depicted her memories of the abuse but did not name Mr. Nash. Jan Nash, his widow, did not immediately respond to voice messages and texts seeking comment. Last year, she told The New York Times that she was shocked and saddened by the accusations and said that “it’s just not fair” for Ms. Fox to name Ted now that he can’t defend himself.

Persons: Ted Nash, Shearman, Nash, Jennifer Fox, Fox, Jan Nash, Ted, can’t Organizations: United, Sterling, Rowing, New York Times Locations: United States, Manhattan

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ Johnson’s speakership hangs in the balance as ouster threat looms
▼ + stars: | 2024-04-29 | by ( Clare Foran | ) edition.cnn.com time to read: +4 min

CNN —House Speaker Mike Johnson pushed to pass a major foreign aid package over the objections of hardline conservatives. Looming over Johnson as lawmakers come back to Washington is the question of whether he will face a vote over his ouster. A number of conservatives, however, opposed the legislation — and sending further aid to Ukraine in particular. So far, two other House Republicans have publicly backed the effort — Reps. Thomas Massie of Kentucky and Paul Gosar of Arizona. Over the recess, Johnson appeared to be trying to quell conservative opposition by highlighting his support for causes and positions that motivate the GOP base.

Persons: Mike Johnson, Johnson, Marjorie Taylor Greene, Johnson “, doesn’t, I’ve, ” Johnson, ” Greene, Kevin McCarthy, Marjorie Taylor Greene gaggles, Greene, Kent Nishimura, Thomas Massie of Kentucky, Paul Gosar, Chip Roy, Texas, @SpeakerJohnson, ” CNN’s Kit Maher, Lauren Fox Organizations: CNN —, Louisiana Republican, Republicans, GOP, ” Republican, CNN, Getty, Columbia University Locations: Louisiana, Ukraine, Israel, Washington, Georgia, Washington ,, Taiwan, Paul Gosar of Arizona, Johnson, Columbia

☆ Insider Today: LinkedIn ghostwriter boom
▼ + stars: | 2024-04-28 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meta CEO Mark Zuckerberg BIThis week's dispatchBig Tech takeawaysTesla, Meta, Microsoft, and Alphabet reported earnings last week. Microsoft: AI spend was also the name of the game at Microsoft. Alphabet also issued a $0.20 per share dividend — its first ever — joining its Big Tech peers like Microsoft, Apple, and Meta, in the dividend club. drbimages/Getty, LinkedIn, Tyler Le/BILinkedIn ghostwriting is boomingLinkedIn influencers are becoming more popular, with some amassing followings of millions of people.

Persons: —, Herman Miller Eames, Mark Zuckerberg, Tesla, Meta didn't, Kevin C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Dominic Bugatto, Dani Widell, Hokyoung Kim, Tyler Le, Samu Hällfors Organizations: Service, Business, Big Tech, Meta, Microsoft, Apple, The, Airbnb, LinkedIn

☆ Opinion: Kristi Noem might have underestimated the decency of dog lovers
▼ + stars: | 2024-04-28 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +7 min

Not surprisingly, the report about Noem killing the dog has led to a furor in the media and on the internet. That, however, apparently was not how Noem viewed Cricket, writing in the book that she “hated” the rambunctious puppy. That, Noem wrote, was the last straw. Of course, President Joe Biden also has a pet dog — although Commander has not been the best-behaved dog at times. The book is filled with many honest stories of my life, good and bad days, challenges, painful decisions, and lessons learned,” Noem wrote.

Persons: Dean Obeidallah, ”, Harry Truman, Kristi Noem, ” Dean Obeidallah, ” Dean Obeidallah CNN Noem, Donald Trump’s, —, stoutly, ” Noem, preorder, Noem, “, “ Kennedy, Trump, Trump’s, Ivana, ” “ Donald, Chappy, George Washington, Abraham Lincoln, Fido, Barack Obama, Joe Biden, He’s Organizations: CNN, GOP South Dakota Gov, Cricket, ” Dean Obeidallah CNN, Guardian, South, Pew, “, GOP, Cricket —, White Locations: Washington, South Dakota

☆ Julian Assange’s mission was to change the world - but at what cost?
▼ + stars: | 2024-04-27 | by ( Lauren Said-Moorhouse | Claudia Rebaza | ) edition.cnn.com time to read: +14 min

Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.

Persons: London CNN — Julian Assange, ”, He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, “, ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, …, Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, ”, Sweden, Ecuador, UK’s, Belmarsh

A growing group of America's young people are not in school, not working, or not looking for work. They're called "disconnected youth" or "opportunity youth," and their ranks have been growing for nearly three decades. Experts say it's not just work and school; this group is often also disconnected from a sense of purpose. Palmer added that those with limited access to transportation, people with disabilities, and young parents were also more susceptible. Disconnected young people don't have that luxury."

Persons: —, Destiny, She's, she's, They're, Kristen Lewis, Lewis, hadn't, there's, Sen, Tim Kaine, who's, Joseph, he's, hasn't, he'd, Ashley Palmer, Palmer, Sarah Nunley, Nunley, Veronica, There's, Lucchesi, they're Organizations: Service, Business, Federal Reserve Bank of Dallas, Social Science Research Council, Survey, University of Minnesota's, National Center for Education Statistics, Walmart, Texas Christian University, Ivy League Locations: Florida, Alabama, Indiana, Silicon Valley, YOLO, Texas

☆ 2 experts outline a looming scenario where the US economy ends up caught in a dreaded period of stagflation
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

This would force interest rates to stay higher for longer, putting pressure on US businesses and consumers. 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 . AdvertisementA pair of economic reports has brought back a word no central banker ever wants to hear: stagflation. The difficult scenario occurs when inflation rises and growth stalls, a dangerous combination just experienced by the US economy.

Persons: stagflation, —, Thursday's, LPL, Jeffrey Roach, Mike Reynolds, Reynolds, Jamie Dimon, Roach, shouldn't Organizations: Service, Federal, yesterday's, Fed, Wall Street, Bank of America

☆ The US economy may end up caught in a dreaded period of stagflation. 2 experts outline the scenario, and how to keep your money safe
▼ + stars: | 2024-04-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

☆ A 63-year-old peak boomer is 'incredibly scared' Social Security won't be enough to cover her expenses in retirement: 'I'll probably need to work until I die'
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

She's part of the "peak boomer" cohort, most of whom will rely on Social Security in retirement. I was somebody who did really well, and it's very disheartening because I have no idea what's going to happen with retirement," Senffner told BI. "My husband and I are both a year and a half from retirement age, but I think I'll probably need to work until I die because there's no money." Just Social Security isn't going to cover that." And with the Social Security fund set to dry out by the late 2030s — unless lawmakers intervene — Senffner is "incredibly scared" about her future.

Persons: Diane Senffner, She's, —, doesn't, Senffner, she'll, Diane Senffner Senffner, hasn't, it's Organizations: Social Security, Service, Business, Alliance, Lifetime, Income, Security, Survey, Walmart, AARP

☆ A Novelist Who Finds Inspiration in Germany’s Tortured History
▼ + stars: | 2024-04-26 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

Jenny Erpenbeck, now 57, was 22 in 1989, when the Berlin Wall cracked by accident, then collapsed. She was having a “girls’ evening out,” she said, so she had no idea what had happened until the next morning. The country she knew, the German Democratic Republic, or East Germany, remains a crucial setting for most of her striking, precise fiction. It is now on the shortlist for the International Booker Prize and considered a favorite to win the award late next month. In 2017, James Wood, The New Yorker’s book critic, called “Go, Went, Gone” underappreciated and predicted that Ms. Erpenbeck would win the Nobel Prize “in a few years.”

Persons: Jenny Erpenbeck, ”, “, International Booker, James Wood, Erpenbeck Organizations: German Democratic, International, International Booker Prize, East Locations: German Democratic Republic, East Germany, Soviet, East German, Germany

☆ The 15 bonus tracks from Taylor Swift's 'The Tortured Poets Department' could be their own near-perfect album
▼ + stars: | 2024-04-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

That's certainly true of her latest album, "The Tortured Poets Department," which arrived last Friday to mixed reviews. New Taylor Swift music is bound to spark widespread debate, but the conversation swelled when she surprise-released "The Tortured Poets Department: The Anthology," a deluxe edition with 15 extra songs. Indeed, most of these deluxe tracks succeed as self-contained stories, recalling the mythic peaks of "Folklore" and "Evermore." Then again, more songs equals more streams, and "The Tortured Poets Department" is on target to become one of the most-played albums of the streaming era. AdvertisementFinal Grade: 9.3/10"The Tortured Poets Department: The Anthology" was released on April 19, 2024.

Persons: —, Taylor Swift, I'm, Swift, I've, Swift's, aIMee, Cassandra, Peter, Wendy, shouldn't, It's, Beth Garrabrant Worth, Chloe, Sam, Sophia, Marcus, Robin Organizations: Service, Poets Department, Business, Department, Press Locations: Cardigan

☆ Trump feared for campaign, not family, as sex scandals were caught and killed, ex-Enquirer CEO tells hush-money jury
▼ + stars: | 2024-04-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

When a porn star and Playboy Bunny both came forward, Trump feared for voters, not family, Pecker told jurors. Then, in swift succession and with the 2016 election just months away, a Playboy Bunny and a porn star appeared with more sex scandals. But in the months before the 2016 election, all Trump worried about was his voters, Pecker testified on his third day on the stand. "I thought his concern was with the campaign," Pecker added. Pecker told jurors he had been investigated by California officials for just this sort of thing more than a decade before Trump's 2016 campaign.

Persons: David Pecker, Playboy Bunny, Trump, Pecker, —, Donald Trump, Dino Sajudin, Bunny Karen McDougal, Stormy Daniels, Joshua Steinglass, Steinglass, Daniels, Michael Cohen, Attorney Alvin Bragg, Bragg, Dylan Howard, Trump's, Arnold Schwarzenegger, Arnold, Howard, Howard texted, Cohen, Karen, McDougal, Michael, Jeff Sessions Organizations: National Enquirer, Service, Trump, Enquirer, Trump Organization, Attorney, American Media International, AMI, Prosecutors, McDougal's, Federal, Commission Locations: Manhattan, California, Australia

☆ ‘Baby Reindeer’: What you need to know about the Netflix show people can’t stop talking about
▼ + stars: | 2024-04-24 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +3 min

Gadd’s retelling of his real-life encounters with a stalker through the fictional Donny Dunn in “Baby Reindeer” is also a story of trauma and healing. (From left) Richard Gadd as Donny and Jessica Gunning as Martha in "Baby Reindeer." Ed Miller/NetflixGunning plays Donny’s stalker Martha, a troubled woman who claims to be a lawyer but is more than anything a career creeper and repeat offender. By the end of the journey, it’s clear that “Baby Reindeer” was made with purpose, something that often escapes projects that earn their popularity on the merit of being about incidents so messy (and sometimes horrifying) that you can’t look a way. “Baby Reindeer” might be is a sign that true crime TV is finally growing up.

Persons: Dateline ” –, bartends, Richard Gadd’s, Donny Dunn, Donny, Gadd, hasn’t, Jessica Gunnning, ”, That’s, Reindeer’s, Richard Gadd, Jessica Gunning, Martha, Ed Miller, Netflix Gunning, ” Nava, Teri, Shalom Brune, Franklin, Tom Goodman, Hill, Danny Kirrane Organizations: CNN, Dateline, Guardian, Netflix, HBO Locations: British

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