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The Federal Reserve, over its more than centurylong existence, has emerged as a leading force in the stock market. The guidance often hints at the expected path of the federal funds interest rate target in advance of a policy change. That has many people on Wall Street waiting for the central bank to pivot, and bring interest rates back down. Nonetheless, many experts believe that central bank policy is only one piece of the puzzle. Watch the video above to learn how the Fed shaped 2022's stock market.
A boom in sports documentaries has offered athletes more ways to be on screen and build their brands. Players and their agents are looking for hits like Netflix Formula 1 doc series "Drive to Survive." Apple TV+, HBO, and Amazon are all competing for sports docs that bring viewers into athletes' lives. Being featured in a sports doc can dramatically raise an athlete's profile, giving them more fans and more branding power. Netflix's "Drive to Survive" was credited with doing wonders for F1 fandom, particularly stateside, where American interest has historically been scarce.
London CNN —Bernard Arnault, the chairman of French luxury goods giant LVMH (LVMHF), has just become the first European to top Bloomberg’s list of the world’s richest people, relegating Elon Musk to second place. Arnault had already ousted Musk from the top spot on Forbes’ list of “Real Time Billionaires” last week. Arnault bought control of the group, returning it to profitability and embarking on a strategy to develop the world’s leading luxury goods company. Arnault has long held the title of Europe’s richest person, but the 73-year old keeps a much lower profile than Musk and isn’t personally active on any major social media platforms. Arnault is married and has five children, all of whom currently work at LVMH or one of its brands, according to Bloomberg.
"The legal precedent is not on the side of the FTC," said Andre Barlow, an antitrust lawyer at Doyle, Barlow & Mazard PLLC. Barlow pointed to three recent mergers challenged by the FTC or Justice Department that were ultimately allowed to proceed. Those cases share something else in common with the proposed Microsoft deal: in each instance, a company would merge with a supplier in a so-called "vertical" merger. "Vertical merger challenges are really difficult to win so it will be an uphill battle for the FTC," said Roger Alford, who teaches law at the University of Notre Dame. Reuters reported last month that Microsoft was expected to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to the deal.
Instead, the coveted junior recruit was benched, due to a decision from the state’s governing body for high school sports. Meanwhile, in a growing number of states, including California, even high school athletes can enter contracts. But boosters can pay prospective students through NIL deals, as long as the money is not contingent on enrollment or athletic performance. A University of Miami booster has earmarked $10 million to sign players to NIL deals through his companies. Cunningham’s message to high school athletes is “the grass isn’t always greener,” even in California.
But Bezos, whose recent announcement followed years of criticism over his relative lack of philanthropic giving, isn't the only billionaire who hasn't signed the pledge. Arnault has not signed the Giving Pledge, nor has he commented on the pledge publicly. Jeff Bezos: $116 billion net worthBezos has donated more than $2.4 billion in his lifetime, according to a Forbes estimate. But the billionaire has skirted questions about the Giving Pledge for years, especially after his ex-wife, Scott, signed it shortly after their 2019 divorce. Sergey Brin: $84.9 billion net worthLike fellow Google co-founder Page, Sergey Brin has not signed the Giving Pledge.
More examples of the image, which says GPS data can help “tip the election/s to their preferred candidates” (without identifying who “they” are), are viewable (here), (here). But GPS accuracy is degraded by satellite signal blockage (due to buildings, bridges and trees), indoor and underground use, as well as signals reflected off buildings, among other factors (here). There is no mention of using online surveillance via GPS and geolocation to verify who voted, contrary to the social media claims. For example, by monitoring the sites an individual visits or the posts they create on social media, Google “can have some idea on” voter preferences. Read more about our work to fact-check social media posts here .
A Core Question at COP27: Who Will Pay for Climate Change?
  + stars: | 2022-11-06 | by ( Elena Shao | ) www.nytimes.com   time to read: +10 min
When world leaders gather in Sharm el Sheikh, Egypt, this week for the annual United Nations climate summit, the debate over who bears financial responsibility for climate change will be center stage. Most Vulnerable, but Least Responsible for Climate Change A vulnerability index developed by the University of Notre Dame measures countries’ exposure, sensitivity and capacity to adapt to the negative effects of climate change. 10 gigatons CO2 Climate change vulnerability index COUNTRY’s Total historical emissions 1 Somalia is highly vulnerable to the impacts of climate change, but has contributed only a tiny fraction of global emissions. Pakistan experienced widespread and deadly flooding this summer that scientists linked to climate change. India 57.1 Gt CO2 0.5 Middle income countries China 249.4 Gt CO2 0.4 Russia 117.5 Gt CO2 Japan 66.7 Gt CO2 Higher income countries United States 421.7 Gt CO2 0.3 United Kingdom 74.9 Gt CO2 Germany 93.1 Gt CO2 Wealthy countries are responsible for half of the world’s emissions since 1850.
ATLANTA — Vince Dooley, the football coach who carried himself like a professor and guided Georgia for a quarter-century of success that included the 1980 national championship, died Friday. “Our family is heartbroken by the death of Coach Dooley. He was one of a kind with an unmatched love for UGA!” current Georgia coach Kirby Smart wrote on Twitter. The field at Sanford Stadium was dedicated in his honor during the 2019 football season. At Georgia, Dooley coached a plethora of standout players — from Bill Stanfill to Scott Woerner to Rodney Hampton.
NFL Films is in talks with Hollywood partners about expanding its TV and film efforts. "We have a sport that is most akin to Hollywood," NFL Films senior director Ross Ketover told Insider. Among the buyers are Disney's ESPN, ESPN+, Hulu, and Disney+; AppleTV+ and Amazon Prime Video. NFL Films and Omaha also made a version starring MMA's Ronda Rousey called "Rowdy's Places," for ESPN+. NFL Films helped make a season of its Amazon series, "All or Nothing," for the English Premiere League's Manchester City back in 2018.
The Great Notre Dame Keg Caper
  + stars: | 2022-10-15 | by ( Bryan Gruley | ) www.wsj.com   time to read: +1 min
Forty-five years ago, Notre Dame linebacker Bob Golic bumped into a classmate in a dormitory elevator. The classmate, a cocky, 20-year-old junior named Castellini, said he was smuggling a keg of beer into the stadium at that Saturday’s game. He vowed to bring Golic a cold one on the sideline. Beer in all forms, let alone a fat steel barrel, was forbidden at Notre Dame Stadium. Although some college stadiums now sell alcohol, many—including Notre Dame—remain dry.
French refineries hit by strikes for a third day
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
SummarySummary Companies Seven TotalEnergies sites affectedTwo ExxonMobil refineries also impactedPARIS, Sept 29 (Reuters) - Strikes have disrupted TotalEnergies' (TTEF.PA) oil products refining and delivery for the third day as disruptions continue at seven sites throughout France, a CGT trade union representative told Reuters. Six other TotalEnergies refining and distribution sites have also been impacted, a memo from the union seen by Reuters showed. The firm's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery, the Notre Dame de Gravenchon Petrochemical site, and the 140,000 bpd Fos-Sur-Mer refinery were shut down last week. Outages in France's refining sector are creating a level of uncertainty in refined oil trade amid a heavy oil refinery turnaround season in Europe this autumn. Benchmark European diesel profit margins hit a two-week high of about $50 a barrel on Wednesday, based on Reuters assessments, driven by the French strikes.
How Not to Beat Trump
  + stars: | 2022-09-27 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
REUTERS/Toru HanaiCompanies Exxon Mobil Corp FollowSept 22 (Reuters) - ExxonMobil is gradually shutting down its 235,000 barrel per day (bpd) Fos-Sur-Mer refinery in France as a result of ongoing strike action, the company said in an emailed statement on Thursday. read moreFrench unions CGT and Force Ouvriere called for a strike on Tuesday following wage negotiations with Exxon Mobil related to rising inflation in Europe. "This unfortunate situation may impact our customers, contractors, suppliers, and employees, and affects the international reputation of Exxon Mobil activities in France," the statement said. Workers at Exxon's Toulouse depot have also joined the strike, CGT Exxon Mobil said on its blog. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rowena Edwards; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
The Pope Abandons Cardinal Zen
  + stars: | 2022-09-20 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
The trial between Twitter and Elon Musk will begin on October 17 at the Delaware Chancery Court. The Delaware judge hearing Twitter's case vs. Elon Musk listened incredulously as Musk's lawyers asked her to postpone the trial. The DecoPac deal, like many acquisitions, had a clause called "specific performance," which allows the courts to force the deal to close. It didn't take long for McCormick's life at the Chancery Court to get interestingElon Musk agreed to buy Twitter in April 2022. And Twitter then sued Musk for specific performance in Delaware Chancery Court later that month.
William McGurnWilliam McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Chief Justice John Roberts, one of the court’s six conservatives, pushed back against some of the criticism in a recent public appearance, saying people should not question the court’s legitimacy just because they disagree with its rulings. It is important that the public think the justices are reaching decisions in good faith based on the law, Girgis said. Sotomayor said at an event in California on Thursday that “there’s going to be some question about the court’s legitimacy” if people think the justices are acting based on politics, according to a Courthouse News Service report. But I don’t understand the connection between opinions people disagree with and the legitimacy of the court,” he said. Conversely, in 1954, Southern states resisted enforcing the landmark Brown v. Board of Education ruling, which ended segregation in public schools.
Donald Trump Fires at Ron DeSantis—and Misses
  + stars: | 2022-09-11 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.
Here's what parents of successful kids have in common, according to research. Children with parents who stepped in to provide instructions frequently displayed more difficulty regulating their emotions later, the researchers wrote. "Too much direct engagement can come at a cost to kids' abilities to control their own attention, behavior and emotions. When parents let kids take the lead in their interactions, children practice self-regulation skills and build independence," Obradović wrote in the study. The parents tend to take parental leave.
For the third year in a row, Olins Business School was ranked the top entrepreneurship program. Out of 131 schools, Olin's MBA program ties with Notre Dame's Mendoza College of Business for 29th place in US News & World Report's 2023 Best Business Schools report for its full-time MBA program. "This is not a program where you can get lost in a crowd of 300 to 400 students," Pyles said. In fact, she flagged lack of transparency as an indication the student may lack genuine interest in Olin's MBA program and what it has to offer. Nnakwue reached out to Olin students on LinkedIn and introduced himself as a prospective student interested in learning more about the Olin experience.
Această nouă experienţă, cum notează însuşi artistul într-un comunicat, vrea să transmită un mesaj de speranţă pentru 2021 şi să sărbătorească venirea Anului Nou într-un mod „futurist şi festiv”. Un format la care s-au alăturat, de asemenea, Primăria Parisului şi UNESCO. Concertul, de 45 de minute, va începe la ora 23:25 (22:25 GMT) la 31 decembrie, va fi gratuit şi va putea fi urmărit pe internet, sau pe platforme precum Youtube, Facebook sau VRChat. Potrivit organizatorilor, este o invitaţie de a călători într-o lume virtuală a fanteziei, la fel de strălucitoare precum spectacolele oferite de obicei de Jean-Michel Jarre şi cunoscute sub titlurile „Equinoxe” sau „Oxygene”. Spectacolul se va numi „Welcome to the other side” şi este prezentat ca o sărbătoare prin care întreaga lume, inclusiv cei izolaţi social sau geografic de pandemie, pot întâmpina împreună venirea Anului Nou.
Persons: însuşi, Jean - Michel Jarre Organizations: UNESCO, Dame, Facebook Locations: Parisului
Extremismul nu poate fi camuflat prin religie, nicio confesiune nu acceptă terorismul. Purtătorul de cuvânt al președintelui rus Dmitri Peskov a făcut vineri declarații în acest sens pentru jurnaliști, informează RIA Novosti. "Nici o religie mondială nu acceptă ideea extremismului. Și extremismul, de fapt, nu are nimic de-a face cu religia. Orice încercare de a camufla extremismul sub orice religie trebuie bine înțeleasă și conștientizată.
Persons: Ruse Dmitri Peskov, Dmitri Peskov, Le, REUTERS, ERIC GAILLARD, de, Christian Estrosi, francez Emmanuel Macron, El, Gerald Darmanen Organizations: BUCUREȘTI, Sputnik, REUTERS / ERIC GAILLARD Arhiepiscopul de Toulouse, Christian Estrosi, Gerald Darmanen Locations: Ruse, de Toulouse, Notre Dame, Nisa, Tunisia, Franța
Extremismul nu poate fi camuflat prin religie, nicio confesiune nu acceptă terorismul. Purtătorul de cuvânt al președintelui rus Dmitri Peskov a făcut vineri declarații în acest sens pentru jurnaliști, informează RIA Novosti. "Nici o religie mondială nu acceptă ideea extremismului. Și extremismul, de fapt, nu are nimic de-a face cu religia. Orice încercare de a camufla extremismul sub orice religie trebuie bine înțeleasă și conștientizată.
Persons: Ruse Dmitri Peskov, Dmitri Peskov, Le, REUTERS, ERIC GAILLARD, de, Christian Estrosi, francez Emmanuel Macron, El, Gerald Darmanen Organizations: BUCUREȘTI, Sputnik, REUTERS / ERIC GAILLARD Arhiepiscopul de Toulouse, Christian Estrosi, Gerald Darmanen Locations: Ruse, de Toulouse, Notre Dame, Nisa, Tunisia, Franța
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