DIRS.INFO The most relevant business & tech news

☆ Embattled CNN chief apologizes to staff after embarrassing profile, vows to ‘fight like hell’ to win back trust
▼ + stars: | 2023-06-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled chief executive. Employees had not heard from Licht since The Atlantic’s Tim Alberta on Friday published a blistering 15,000-word profile on him. He said that he would “fight like hell” to win over the trust of the 3,500-person news organization he leads. In the immediate future, I’m told, Leavy is counseling Licht and CNN leadership’s primary goal is to stabilize the ship.

Persons: Chris Licht, I’ve, ” Licht, Licht, Tim Alberta, Donald Trump, ”, They’ve, David Leavy, David Zaslav, Zaslav, I’m, wouldn’t, WBD, Leavy Organizations: CNN, Employees, Hudson, Warner Bros, “, North Star

☆ CNN CEO Chris Licht apologizes to staff during internal Monday morning call
▼ + stars: | 2023-06-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Chris Licht, Chairman and CEO, CNN Worldwide speaks onstage during the Warner Bros. Embattled CNN Chief Executive Chris Licht apologized to the news organization's staff Monday morning during the cable news network's 9 a.m. Warner Bros. WATCH: Warner Bros. Discovery CEO David Zaslav discusses company's performance on 'Squawk Box'

Persons: Chris Licht, Licht, didn't, Donald Trump, David Zaslav wasn't, Tim Alberta, Licht's, David Leavy, Leavy, Joe, Stephen Colbert, David Zaslav Organizations: CNN, Warner Bros, Madison, Garden, Discovery, CBS Locations: New York City

☆ Chris Licht of CNN Faces a Crisis. Here’s Why.
▼ + stars: | 2023-06-05 | by ( John Koblin | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

CNN has had a tumultuous first year under Chris Licht, who took over as the network’s chief executive last spring. And then on Friday, a 15,000-word profile of Mr. Licht in The Atlantic cast new doubts about his leadership and future at the company. All the turmoil has led some staff members to speculate privately in recent days about whether Mr. Licht will last as the chief executive — and whether he should. Also fueling speculation was a decision last week to appoint David Leavy — a trusted associate of David Zaslav, the chief executive of CNN’s parent — to a top leadership role at the network, a sign that Mr. Zaslav thinks CNN needs urgent management help. Mr. Licht addressed the tumult on an editorial call Monday, saying he will “fight like hell” to win back the trust of CNN’s staff.

Persons: Chris Licht, Licht, —, David Leavy —, David Zaslav, Zaslav, “, ” Organizations: CNN, Atlantic

☆ Millennials Just Keep Voting
▼ + stars: | 2023-06-05 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

In the 2018 elections — the midterms of Donald Trump’s presidency — turnout among younger voters surged. Almost twice as many people in their late 20s and early 30s voted that year as had done so in the midterms four years earlier. At the time, it was not clear whether the newfound political engagement of younger adults would last beyond Trump’s presidency. A central theme of the latest report, covering the 2022 midterms, was that “Gen Z and millennial voters had exceptional levels of turnout,” as Catalist’s experts wrote. In the 14 states with heavily contested elections last year, turnout among younger voters rose even higher than it was in 2018.

Persons: Donald Trump’s, Trump’s, Z Organizations: Democratic, Democratic Party

☆ Jeff Zucker reportedly compared his firing from CNN to a gunshot wound: 'I gave them a gun, and they shot me with it'
▼ + stars: | 2023-06-04 | by ( Alison Brower | ) www.businessinsider.com time to read: +5 min

Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report. Jeff Zucker compared his firing from CNN to a gunshot wound, according to a New York Times report — in part a self-inflicted one. "I gave them a gun, and they shot me with it," Zucker reportedly said. Zucker was an immensely popular leader at CNN, and his firing was a staggering shock to its newsroom and the media industry. Licht and Zucker met a few months after Zucker's firing, over a lunch in the Hamptons arranged by other media stakeholders, the Times reported.

Persons: Jeff Zucker, Zucker, Chris Licht, Allison Gollust, Tim Alberta, Gollust, Andrew Cuomo, Risa Heller, Heller, Zucker's, David Zaslav, Laurene Powell Jobs, Emerson, WBD, Licht, Don Lemon, Donald Trump, Zaslav, David Leavy Organizations: CNN, New York Times, Yale University, Times, Atlantic, WarnerMedia, Warner Bros, Discovery, Hamptons Locations: WarnerMedia, New York

☆ CNN's CEO reportedly looked like 'a man who had just survived a car wreck' after Trump town hall last month
▼ + stars: | 2023-06-02 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

CNN CEO Chris Licht reportedly looked like he'd "just survived a car wreck" after last month's Trump town hall. Still, he has largely stood by his decisions around the town hall. CNN CEO Chris Licht wore the "expression of a man who had just survived a car wreck" after the network's Trump town hall last month, according to an expansive new profile in The Atlantic. Alberta described the morale inside CNN following the town hall as abysmal. "I had never witnessed a lower tide of confidence inside any company than in the week following the town hall at CNN," he wrote.

Persons: Chris Licht, Licht, Tim Alberta, MAGA, —, Kaitlan Collins, Oliver Darcy, Christiane Amanpour, Donald Trump, David Leavy Organizations: CNN, —, Republican, Trump, Columbia Journalism School Locations: Trump, Alberta, America

☆ Watch CNBC's full interview with David Lefkowitz and Warren Pies
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with David Lefkowitz and Warren PiesDavid Lefkowitz, UBS Wealth Management, and Warren Pies, 3Fourteen Research co-founder, join 'Closing Bell Overtime' to discuss today's market rally, the state of the U.S. economy, and the bond market.

Persons: David Lefkowitz, Warren Pies David Lefkowitz, Warren Organizations: UBS Wealth Management, 3Fourteen Research Locations: U.S

☆ The big recession trade is getting priced out of the market, says 3Fourteen's Warren Pies
▼ + stars: | 2023-06-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe big recession trade is getting priced out of the market, says 3Fourteen's Warren PiesDavid Lefkowitz, UBS Wealth Management, and Warren Pies, 3Fourteen Research co-founder, join 'Closing Bell Overtime' to discuss today's market rally, the state of the U.S. economy, and the bond market.

Persons: Warren Pies David Lefkowitz, Warren Organizations: UBS Wealth Management, 3Fourteen Research Locations: U.S

☆ The House Passed the Bill. Who Won?
▼ + stars: | 2023-06-01 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

It is a short-term bill that lacks any attempt to solve the country’s long-term fiscal challenges through tax increases or changes to Medicare and Social Security. The House bill not only protects all the clean energy subsidies passed last year, but also includes a bipartisan priority known as permitting reform that has the potential to remove some of the bureaucratic obstacles to major clean-energy projects. “This is the thing the Climate Left keeps not acknowledging,” Matthew Yglesias wrote in his Substack newsletter this week. Instead, they led to a classic political deal that left untouched the major accomplishes of Biden’s first term. It is a reminder that he is the most successful bipartisan negotiator to occupy the White House in decades.

Persons: Biden, ” Matthew Yglesias Organizations: Social Security, Republicans, Republican Party, House Locations: Appalachian

☆ CNN's new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav
▼ + stars: | 2023-06-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN's new chief operating officer, the company announced Thursday. Reporters and staffers openly criticized Licht's decision to air a Donald Trump town hall with legions of screaming fans last month. Licht has since acknowledged production issues with the production while standing behind the decision to broadcast a live Trump town hall.

Persons: Chris Licht, Warner, David Zaslav . Licht, David Leavy, Leavy, Licht, Licht's, Donald Trump, Zaslav Organizations: CNN, Warner Bros . Discovery, Warner Bros, Washington , D.C Locations: Trump, Washington ,

☆ A Big Day for the Debt Ceiling
▼ + stars: | 2023-05-31 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

Can House Republicans behave as the members of a well-functioning political party would? For much of the past several weeks, House Republicans have looked decidedly functional. In April, they passed a bill to raise the debt ceiling that included deep spending cuts and was akin to an initial offer in a negotiation. The compromise bill looked to be on course to pass — even as conservative Republicans and liberal Democrats criticized aspects of it. “Not one Republican should vote for this bill,” Representative Chip Roy of Texas, an influential ultraconservative, said yesterday afternoon.

Persons: don’t, Biden, Chip Roy Organizations: Republicans, Republican Locations: Texas

☆ Supreme Court Criticism
▼ + stars: | 2023-05-22 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

Many Republicans view the recent criticism as unhinged and damaging to American democracy. According to this view, the liberals criticizing the court are sore losers trying to subvert legitimate court decisions with which they disagree. Republicans and the judges they appointed have decided to use hardball tactics to shape the law, including the stonewalling of Obama’s last court nominee and the aggressive rulings of the current court. Roosevelt failed to pass his so-called court packing bill, but his criticism of the court — and his popularity — nonetheless seemed to influence the justices: They reversed course in his second term and stopped overruling major New Deal programs. But the harsh recent criticism is intended to be an early step in a long campaign to constrain the court.

CNN —British author Martin Amis, best known for the 1984 novel, “Money,” and 1989’s “London Fields,” has died, his publisher Penguin Books UK announced Saturday. “(Amis) leaves a towering legacy and an indelible mark on the British cultural landscape, and will be missed enormously,” the British publishing house said on Twitter. LONDON - APRIL 5: Writer Martin Amis at home in London on April 5, 1995. His 1991 novel, “Time’s Arrow,” and 2014’s “The Zone of Interest,” explored the Holocaust. “It’s hard to imagine a world without Martin Amis in it,” his UK editor, Michal Shavit, said in Penguin’s statement.

☆ A UBS stock chief breaks down how he's balancing investments in both safe and economy-dependent sectors in a way that will maximize outperformance during a coming recession
▼ + stars: | 2023-05-19 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Specifically, Lefkowitz has invested in both cyclical and defensive sectors to maximize his returns. In fact, to hedge his bets across a range of economic scenarios, Lefkowitz currently owns both defensive and cyclical sectors. Within the traditionally defensive sectors, Lefkowitz is overweight consumer staples and utilities. The energy sector, on the other hand, stands to benefit from increased investment capital pouring into fossil fuels and renewable energy sources, as a result of the recent energy scarcity crisis. Surprisingly, Lefkowitz is neutral on healthcare — traditionally considered another defensive sector — as a function of not wanting to place all his bets in one direction.

☆ The world's biggest publisher is suing a Florida school district for banning books by writers including Toni Morrison and Khaled Hosseini
▼ + stars: | 2023-05-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Penguin Random House is suing a Florida school district and board after it banned certain books. Penguin Random House has joined forces with an authors' group to sue a Florida school district after it banned a number of books. Books removed or restricted by Escambia include "The Bluest Eye" by Toni Morrison, "Slaughterhouse-Five" by Kurt Vonnegut, and "The Kite Runner" by Khaled Hosseini. All have had books removed from libraries or had student access restricted by the district, PEN America said in a press release. "The book removals and restrictions enacted by the School District and School Board are denying students access to books they would like to read, or chilling such access."

☆ Penguin Random House and Florida parents sue school district over book bans
▼ + stars: | 2023-05-17 | by ( Jo Yurcaba | ) www.cnbc.com time to read: +3 min

A selection of books including "The Bluest Eye," by Toni Morrison, that have been the subject of complaints from parentsPenguin Random House, authors, parents and an advocacy group filed a lawsuit Wednesday against a Florida school district for removing 10 books related to race and the LGBTQ community after a high school teacher complained. In addition to the publishing house, PEN America, a nonprofit group that advocates for free expression in literature, five authors whose books have been removed from the district, and two parents whose children go to school in the district filed the suit against the Escambia County School District and the Escambia County School Board in Pensacola, Florida. "The clear agenda behind the campaign to remove the books is to categorically remove all discussion of racial discrimination or LGBTQ issues from public school libraries. Neither the district nor the school board immediately returned requests for comment. More than 100 other titles are restricted and require parental approval for access.

☆ The Plan to Build a New Capital
▼ + stars: | 2023-05-17 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

Today, 40 percent of Jakarta lies below sea level, and flooding is increasingly common. To deal with that threat, Indonesia’s popular president — Joko Widodo, in his ninth year in office — has devised an audacious solution: He is moving the country’s capital. The new capital, now under construction, is called Nusantara. It is being built from the ground up, about 800 miles from the current capital. Joko promises that the city will be a model of environmental stewardship, carbon neutral within a few decades.

☆ Syria's Assad to steal spotlight at Arab summit after years in the cold
▼ + stars: | 2023-05-17 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +4 min

Saudi Arabia, Qatar and others for years supported anti-Assad rebels. While Arab countries appear to have brought Assad in from the cold, they are still demanding that he curbs Syria's flourishing drugs trade and that war refugees can return. His return to the Arab League is likely to revive questions over his human rights record. Government forces have used chemical weapons more than two dozen times during Syria’s civil war, U.N. war crimes investigators said. The Syrian crisis and other regional conflicts including Yemen and Libya, pose further challenges for the Arab League, which is often undermined by internal divisions.

☆ A Nascent ‘YIMBY’ Movement
▼ + stars: | 2023-05-16 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

“My living room is bigger than any apartment in New York I ever had,” said Eduardo Lerro, 45, a former public-school teacher who now lives in Minneapolis and works as a consultant. In many ways, the trend is a healthy one. Americans are responding rationally to financial incentives and building lives for themselves in new places. It helps that more cities have added amenities once associated with the Northeast and the West Coast. “There’s good Indian and Thai food to be found in more places.

☆ The Case for Journalistic Independence
▼ + stars: | 2023-05-15 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

The occasion is a new essay in the Columbia Journalism Review by A.G. Sulzberger, our publisher, in which he explains why The Times’s guiding principle is independence. Sulzberger writes:Independence is the increasingly contested journalistic commitment to following facts wherever they lead. Those may sound like blandly agreeable clichés of Journalism 101, but in this hyperpolarized era, independent journalism and the sometimes counterintuitive values that animate it have become a radical pursuit. Independence calls for plainly stating the facts, even if they appear to favor one side of a dispute. The idea of journalistic independence has many critics, he notes.

Some Chinatown residents benefited from the development boom, selling properties to developers or drawing more customers from increased foot traffic. Some residents have shown tentative support for the luxury buildings, saying they might make the neighborhood safer or bring in wealthier Asian residents who could boost Chinatown's economy. Manhattan Chinatown's housing stock is "really aged," which has led to costly fires, according to Thomas Yu, executive director of Asian Americans for Equality. Chinatowns and the pandemicMany debates surrounding luxury development and affordable housing were accelerated by the pandemic, which shuttered hundreds of businesses across Chinatowns. However, business owners who spoke with CNBC said Chinatown's businesses, though still recovering, are keeping the city's culture alive.

Now, according to an internal U.N. estimate obtained by Reuters, 5 million additional people in Sudan will require emergency assistance, half of them children. Even before the latest crisis, U.N. humanitarian appeals for Africa faced a $17-billion funding gap this year, risking leaving millions without lifesaving assistance. Last year, it spent a third of its overseas aid budget housing refugees inside the UK, a British aid watchdog said in March. Sudan was hosting over 1 million refugees, mainly from South Sudan, Eritrea, Ethiopia and Syria, before the outbreak of fighting last month. Aid workers have been killed, food aid looted, and WFP says it's running out of stocks.

☆ The New Surge at the Border
▼ + stars: | 2023-05-08 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

The surge of migrants gathering at the U.S.-Mexico border underscores a point that Democratic Party politicians often try to play down: U.S. border policy has a big effect on how many people try to enter the country illegally. Title 42 expires on Thursday, as part of the end of the official Covid health emergency. In recent weeks, word has spread in Latin America that entering the U.S. is about to become easier. Smugglers have told potential migrants that the coming period will be a good time to attempt a border crossing, President Andrés Manuel López Obrador of Mexico said last week. “It’s a real crisis,” Father Rafael Garcia of Sacred Heart Catholic Church in downtown El Paso told The Times.

☆ An investment chief who manages $1 billion in assets shares 10 investments that will reduce your portfolio's volatility while this bear market lasts longer than expected.
▼ + stars: | 2023-05-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 10 ways to protect against losses and volatility in this long-lasting bear market. "It went beyond dodging a bullet," Steve Sosnick, the chief strategist at Interactive Brokers, said of first quarter earnings results in a late April interview with Insider. Weaker earnings raise valuation concernsBut some investors aren't impressed by Q1 earnings — at least not enough to get bullish. Besides weaker earnings growth and lofty valuations, another risk for stocks is that upcoming quarterly results will miss higher expectations in a shaky economy. "We're still looking at fairly high-single-digit earnings growth for the next couple of quarters overall," Sosnick said.

☆ The Debt Ceiling and False Equivalence
▼ + stars: | 2023-05-03 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

The hardest political stories for reporters to cover and pundits to analyze can be those that are neither 100 percent stories nor 50 percent stories. A 100 percent story is one in which reality is clear (even if partisans sometimes deny it): Joe Biden won the 2020 election. These disputes are more about values and priorities than underlying reality. These stories tend to involve disputed facts, and each side can point to some evidence for its argument — but not equal amounts of evidence. In this third category, one side makes claims that are much more grounded in truth although neither side has a monopoly on it.

Search resuls for: "David Le"

25 mentions found