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Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.
Persons: Chanelle, Hayley Berg, ” Ms, Berg, , Robert W, Mann Jr, , Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, , ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, , airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, , , MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico
Is This the Year I Should Use My Points to Travel?
  + stars: | 2024-01-18 | by ( Elaine Glusac | ) www.nytimes.com   time to read: +1 min
The fees are partially used by the companies to run loyalty programs that award points to cardholders that can be redeemed for things like flights and hotels. The act proposes allowing retailers to choose a cheaper system that would reduce the fees. “This has been one of the biggest lobbying battles of all time, pitting two huge industries, retail versus banking,” said Brian Kelly, the founder of the Points Guy, a travel site that helps users maximize reward points and opposes the act. Does the legislation threaten your points? Not immediately, said Leigh Rowan of Savanti Travel, a personal travel management service.
Persons: , Brian Kelly, Guy, Leigh Rowan, “ There’s Organizations: Visa, Mastercard, Walmart, Target, Savanti
WASHINGTON (AP) — Lawyers for former President Donald Trump on Thursday urged the Supreme Court “to put a swift and decisive end” to efforts to kick him off the 2024 presidential ballot over his efforts to overturn his 2020 election loss. The Colorado court noted that Trump had held a rally outside the White House and exhorted his supporters to “fight like hell” before they walked to the Capitol. Trump's Supreme Court team is led by Texas-based lawyer Jonathan Mitchell, who devised aspects of the anti-abortion legislation that largely shut down abortions in Texas months before the Supreme Court overturned the Roe v. Wade decision in June 2022. Colorado’s Supreme Court, by a 4-3 vote, ruled last month that Trump should not be on the Republican primary ballot. Both the Colorado Supreme Court and the Maine secretary of state’s rulings are on hold until the appeals play out.
Persons: Donald Trump, , Trump, , Jonathan Mitchell, Roe, Wade, Mitch McConnell, Mike Johnson, Shenna Bellows, Bush, Gore, Republican George W, Clarence Thomas, Jack Smith Organizations: WASHINGTON, , Colorado Supreme, Republican, U.S . Capitol, White, Capitol, Trump, Republicans, Colorado’s, Democratic, Colorado Supreme Court Locations: Colorado, Texas, Congress, Maine, Washington
Carroll attorney Shawn Crowley complained about Trump’s audible commentary just before the first break in the trial, after the jury had been excused. Trump, I hope I don’t have to consider excluding you from the trial.”Trump threw up in his hands in protest. “Now look, Ms. Habba,” Kaplan said as Habba began to read from the transcript. One major difference between this trial – a civil trial in federal court – and the Trump Org. civil fraud trial in New York state court is that Trump does not have easy access to a camera at the federal courthouse where the civil defamation trial is taking place.
Persons: Donald Trump, Judge Lewis Kaplan, Jean Carroll, , Trump, Carroll, Shawn Crowley, Kaplan, Crowley, Mr, ” Kaplan, “ Mr, ” Trump, , Judge Arthur Engoron, Engoron, Alina Habba, Elizabeth Williams, she’s, ” Carroll, Carroll’s, brutually, Habba, Michael Madaio, Madaio, there’s, ” Habba, “ We’re, What’s, where’s Trump Carroll, , he’s, – “, He’s Organizations: CNN, Trump, Federal, New York Magazine, Twitter, Facebook, Trump Org Locations: New York, New Hampshire, Florida
That explains why Trump got about half of all the Republican votes in Iowa, leaving DeSantis far behind. That should tell you a lot about Iowa voters, but enough of them also voted for DeSantis and Haley. When I spoke to the Haley campaign early Monday morning, before the Iowa caucuses had begun, they said they were shifting toward Trump, seemingly writing DeSantis off as their closest threat. DeSantis himself said last week that his finish in Iowa could “upend” Trump’s lead in the GOP primary. Join us on Twitter and FacebookAnd as one DeSantis campaign committee member said, “a close second would be a successful outcome,” and “third place is not good.”Needless to say, DeSantis did not win.
Persons: Donald Trump’s, Ron DeSantis, Patrick T, Brown, Donald Trump, Michael Brendan Dougherty, Christopher Rufo, DeSantis didn’t, I’d, Elon Musk, Semafor’s David Weigel, dinging Trump, It’s, Trump, Nikki Haley, Haley, George W, she’s, Nikki Haley wasn’t, They’re, Ron DeSantis ’, MAGA, Joe Biden’s, , She’ll, DeSantis, Kim Reynolds, , it’s Haley Organizations: CNN, Florida Gov, Republican, Manhattan Institute, Twitter, Elon, Trump, Republican Party, Public Policy Center, South Carolina Gov, Iowa Republicans, Iowa, DeSantis, Iowa Caucus, Iowa Gov, GOP, Facebook, New Hampshire Locations: Iowa, Florida, America, New Hampshire, Washington ,, New
DAVOS, Switzerland (AP) — The Earth is heating up, as is conflict in the Middle East. They'll be among more than 2,800 attendees, which also include academics, artists and international organization leaders. OpenAI chief Sam Altman will be in Davos along with top executives from Microsoft, which helped bankroll his company's rise. TRYING AGAIN TO SAVE THE PLANETOf all the lofty hopes in Davos, the perennial one of late has been the search for creative and promising ways to fight climate change. “Davos is a powerful combination potentially, of a lot of concern about the environment, and a lot of high-powered finance present,” she said.
Persons: Isaac Herzog, Volodymyr Zelenskyy, They'll, Bronwen Maddox, Israel's, Herzog, Benjamin Netanyahu's, , Sam Altman, Vladimir Putin, Li Qiang, Ursula von der Leyen, Joe Biden's, Jake Sullivan, Emmanuel Macron, Antony Blinken, Javier Milei, Donald Trump —, Biden, John Kerry, Chatham House's Maddox Organizations: Young Swiss Socialists, Chatham House, Intelligence, Microsoft, European Commission, Chatham, Locations: DAVOS, Switzerland, Russia, Davos, Chatham, Gaza, Yemen, Qatar, Jordan, Lebanon, China, U.S, Dubai, “ Davos
Local restrictions in Michigan derailed more than two dozen utility-scale renewable energy projects as of last May, according to a study by the Sabin Center for Climate Change Law at Columbia University. Nationwide, and at least 228 restrictions in 35 states have been imposed to stop green energy projects. The shift has sparked a political backlash that may escalate as more states seek to simplify getting green energy projects approved and built. But many local officials say giving states the power to site large-scale energy projects clashes with cherished U.S. political principles. In Kansas, Osage County’s moratorium on commercial solar and wind projects came in 2022 after multiple hearings.
Persons: Clara Ostrander, Ostrander, , Dan Scripps, Gretchen Whitmer, Biden, Jay Bailey, can’t, Elise Caplan, Scripps, suburbanites, Josh Svaty, Svaty, ” ___ Hanna Organizations: Leasing, Sabin, Climate, Columbia University . Nationwide, Public Service Commission, Scripps, Michigan, Democratic Gov, . Michigan, Republican, American Council, Renewable Energy, Columbia University, Local, Kansas Statehouse Locations: LANSING, Mich, Montcalm County, Monroe County, Michigan, Connecticut, New York , Oregon, Minnesota, Rhode Island, In Kansas, Osage, Flint Hills, Kansas, Monroe, ” Michigan, Illinois, California , Connecticut , New York, Maryland , Massachusetts, Minnesota , New Jersey, New Mexico, Florida, South Dakota, , Topeka , Kansas
The Supreme Court will weigh in on a case that could upend homelessness policy across the US. Gavin Newsom asked the conservative-led Supreme Court to hear the case. On Friday, the Supreme Court agreed to weigh in on the issue, a decision that was backed by California Gov. "The Supreme Court can now correct course and end the costly delays from lawsuits that have plagued our efforts to clear encampments and deliver services to those in need." AdvertisementThe Supreme Court is expected to hear arguments in April, with a decision expected by the early summer.
Persons: Gavin Newsom, , Johnson, they've, Newsom Organizations: Service, Supreme, California Gov, Democratic, Appeals, Ninth Circuit, Circuit, Arizona Republican Locations: California, Grants, Oregon, Los Angeles, San Francisco, Honolulu
To that end, Yeampierre helped prevent developer Jamestown Properties, which manages billions of dollars worth of real estate globally, from rezoning her Brooklyn neighborhood, Sunset Park. AdvertisementA new vision for Sunset ParkSituated along the scenic New York Bay in southwestern Brooklyn, Sunset Park is a diverse neighborhood that many working class individuals call home. Climate change has led to consequences like more extreme drought, severe storms, and destructive flooding that can disrupt supply chains for local communities. To help protect Sunset Park from complete chaos in the face of an extreme weather event, UPROSE is focused on growing more food locally. Because when it comes to finding solutions for climate change, "We just don't have any time anymore."
Persons: , Elizabeth Yeampierre, Yeampierre, Toshi Sasaki, UPROSE, Chris Halfnight, Halfnight, we've Organizations: Service, Business, Big Apple, Latina, Environmental Justice, Council, Climate Justice Youth Summit, Jamestown Properties, Sunset, Urban Green Council Locations: New York, New York City, Jamestown, Brooklyn, Sunset, Boston, Houston
The final poll from Iowa’s premier pollster, Ann Selzer, has Trump at 48% followed by former South Carolina Gov. If the final outcome Monday night mirrors the poll, Trump will have won the highest Iowa GOP caucus vote share for a non-incumbent ever. A Haley win in the first primary race in the nation would indicate that Trump is not invincible. He did more than 5 points better than where his final Iowa poll had him. (His 28-point margin over Bradley was the same as the final poll found, as both Bradley and Gore won some undecided voters.)
Persons: Donald Trump, Ann Selzer, Nikki Haley, Ron DeSantis, Trump, , They’re, Haley, Chris Christie –, George W, Bush, didn’t, Steve Forbes, John McCain, Patrick Buchanan, Bob Dole, Buchanan, McCain, Gary Hart, Walter Mondale, Hart, Haley isn’t, DeSantis, Al Gore, Gore, Bill Bradley, Bradley, Trump . Gore, Dole Organizations: CNN, Trump, South Carolina Gov, Florida Gov, Iowa GOP, Granite State, New, New Jersey Gov, University of New, Dole, Democratic, Republican, Trump . Locations: Iowa, New Hampshire, Granite, New Jersey, University of New Hampshire, Hampshire, Granite State, Trump, South Carolina, Florida
That pushed Taiwan’s trade surplus with China to an enormous $80.5 billion in 2023. For Taiwan, China has been its favorite investment stop for decades. China imports electronic components or precision machine tools from Taiwan, assembles them and exports the finished products to global markets. China may respond to a DPP victory by putting military and economic pressure on the island, Vest said. In 2022, China retaliated after Pelosi’s visit by banning imports of a range of food products from Taiwan.
Persons: Xi Jinping, Lai Ching, Lai, , Charlie Vest, Nancy Pelosi’s, Tsai Ing, Kevin McCarthy, they’re, ” Vest, Mike Kai Chen, Vest, there’s Organizations: Hong Kong CNN, Communist Party, Democratic Progressive Party, US, Taiwan’s Ministry of Economic Affairs, Imports, Hsinchu Science, Bloomberg, Getty, Capital Economics, Taiwan Semiconductor Manufacturing Company, Apple, Foxconn, Analysts, Atlantic Locations: China, Hong Kong, Taiwan, Beijing, Taiwan Strait, California, United States, Europe, Japan, South Korea, “ Taiwan, Hsinchu, Hsinchu Science Park
Tensions in the Red Sea have been increasing for weeks, culminating in air strikes from the U.S. and its allies on Houthi-controlled areas in Yemen early Friday local time. What Has Been Happening in the Red Sea? As of Thursday, the Houthis have launched 27 attacks on ships in the Red Sea and the Gulf of Aden that they claim were linked to Israel. Reactions to the Air StrikesThe Houthis vowed to keep attacking ships in the Red Sea after the airstrikes. Container shipping company Maersk CEO Vincent Clerc told the Financial Times that re-establishing safe passage through the Red Sea could take months.
Persons: Lloyd Austin, , Joe Biden, Biden, , , Yahya Saree, Nasser Kanaani, Ro Khanna, Chip Roy, Sen, Rick Scott of, Vincent Clerc Organizations: Hamas, U.S, Central Command, Air Force, Houthis, Air, Political, , Democrat, Republican, California, Biden, Terrorists, Trade, Container, Maersk, Financial Times, Kiel Institute Locations: U.S, Yemen, Red Sea, Iran, Israel, Austin, United States, Australia, Bahrain, Canada, Denmark, Germany, Netherlands, New Zealand, Republic of Korea, United Kingdom, Red, Sanaa, Saudi Arabia, Middle, Lebanon, Hamas, Gaza, Aden, Gulf of Aden, Brig, British, Texas, Rick Scott of Florida, Europe, Asia, South Africa
Since 2022, at least nine states — including six in 2023 — passed laws to impose harsher penalties for organized retail crime offenses, and New York and California could join that list. It's tough to determine whether theft offenses are up nationally, as it's a crime that often goes unreported and undetected. Experts previously told CNBC that laws that increase penalties for retail crime offenses may not actually reduce theft offenses, and could disproportionately harm marginalized groups. "Across our nation and our state, retail theft has surged, creating fear among customers and workers. Newsom this week also called for new legislation that would address organized retail crime.
Persons: Kathy Hochul, Gavin Newsom, , It's, Hochul, Newsom, sheriff's, — CNBC's Christina Wilkie Organizations: Democratic, Republicans, CNBC, Owners, CNBC PRO Locations: New York, California
Roger Lynch, Condé Nast’s chief executive, told senators that current AI models were built using “stolen goods,” with chatbots scraping and displaying news articles from publishers without their permission or compensation. News organizations, Lynch said, seldom have a say in whether their content is used to train AI or is output by the models. To avoid the pilfering of news publishers’ content and, thereby, their coffers, Lynch proposed AI companies use licensed content and compensate publishers for content being used for training and output. Coffey also noted AI models have introduced inaccuracies and produced so-called hallucinations after scraping content from less-than-reputable sources — which runs the risk of misinforming the public or ruining a publication’s reputation. “The risk of low-quality [generative] AI content dominating the internet is amplified by the drastic economic decline of news publications over the past two decades,” Coffey said.
Persons: ChatGPT, Roger Lynch, Condé, Lynch, , they’ve, Sarah Silverman, Margaret Atwood, Dan Brown, Michael Chabon, Jonathan Franzen, George R, Martin, ” Lynch, Danielle Coffey, Coffey, ” Coffey, ” Curtis LeGeyt, ” LeGeyt Organizations: CNN, The New York Times, News Media Alliance, National Association of Broadcasters
People on the traditional grid could see lower costs, greater grid reliability, and less volatile energy prices. And the rate of residential installation is booming: A record 700,000 homeowners installed arrays in 2022, according to the trade group Solar Energy Industries Association. Henglein and Steets/GettyAnother option for homeowners is peer-to-peer energy trading. Users buy and sell electricity with any counterparty, whether it's a neighbor or the broader electricity market. There are, of course, concerns about the reliability of solar energy.
Persons: Localvolts, Kartik Menon, Goldman Sachs Organizations: Business Insider's, Solar Energy Industries Association, Solar Investment Tax, US Department of Energy, Goldman Locations: Localvolts, editorial.standards@insider.com, California , Texas, Florida, California, Arcadia, Washington, DC, Australia, Texas
The Supreme Court and a Wealth Tax
  + stars: | 2023-12-06 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
The Supreme Court in Washington. Sensing a threat to their designs for a wealth tax, they turned the runup to the Supreme Court’s Tuesday oral arguments in Moore v. U.S. into tax Armageddon. “Supreme Court Will Hear Case That Could Upend The Current Tax System,” headlined Forbes. The Washington Post called it “the Supreme Court tax case that could blow a hole in the federal budget,” as if Congress hasn’t already done that. Even former House Speaker Paul Ryan pushed the panic button, but he’s been led astray.
Persons: oliver, Shutterstock, Moore, , Paul Ryan, he’s Organizations: Forbes, The Washington Post Locations: Washington, Moore v .
CVS Plans to Overhaul How Much Drugs Cost
  + stars: | 2023-12-05 | by ( Anna Wilde Mathews | ) www.wsj.com   time to read: 1 min
Pharmacies currently are paid using complex measures that aren’t directly based on money spent to purchase specific drugs. Photo: Stephanie Keith/Bloomberg NewsCVS Health , the nation’s largest drugstore chain, will move away from the complex formulas used to set the prices of the prescription drugs it sells, shifting to a simpler model that could upend how American pharmacies are paid. Under the plan, CVS’s roughly 9,500 retail pharmacies will get reimbursed by pharmacy-benefit managers and other payers based on the amount that CVS paid for the drugs, in addition to a limited markup and a flat fee to cover the services involved in handling and dispensing the prescriptions. Today, pharmacies are generally paid using complex measures that aren’t directly based on what they spent to purchase specific drugs.
Persons: Stephanie Keith Organizations: Bloomberg, CVS Health
The new program includes a set markup for medication costs, a step toward drug pricing transparency. The retailer has been facing pressure from new models like Mark Cuban Cost Plus Drugs. They've been especially focused on pharmacy-benefit managers and the lack of transparency around how much drugs cost. How Mark Cuban changed drug pricingCuban's pharmacy buys drugs directly from manufacturers and sells them to consumers at a 15% markup, plus pharmacy fees. AdvertisementBut the announcement looks to be a step in the right direction for drug pricing transparency.
Persons: , Mark, Prem Shah, Mark Cuban, GoodRx, PBMs, Kroger, it's Organizations: CVS, Cuban, Plus, Service, Mark Cuban, Federal, US Federal Trade Commission, CVS Health, Kroger, Walgreens, Drug, Wall Street Locations: California
AdvertisementI asked Merchant for his perspective on how history informs how we should think about AI and labor. AdvertisementTake the clothworkers: skilled weavers made really high quality cloth and framework knitters made stockings that were nice and durable. Just about everyone loses except the factory owners, who profit from churning out more shoddily made stuff at a rate that the skilled workers can't compete with. AdvertisementBased on your understanding of history, what are the chances that AI helps people by lowering the gap between lower skilled and higher skilled workers? Now, as then, the vast, vast majority of the time, AI absolutely cannot replicate a good writer or worker's output.
Persons: , Insider's Aki Ito, Brian Merchant, Merchant, Aki Ito, Aki, coders, Ian, it's Organizations: Big Tech, Service Locations: England
CVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those medications. CVS' new model could change the cost of prescription drugs for some patients, but it will not necessarily make all medicine cost less, company executives said. Lynch told CNBC: "It's a cost plus markup, plus a fee. Billionaire Mark Cuban last year launched an online pharmacy that takes a similar approach to CVS' new reimbursement model. The company, called Cost Plus Drugs, aims to drive down the price of medicines broadly by selling them at a set 15% markup over their cost, plus pharmacy fees.
Persons: Karen Lynch, Lynch, Prem Shah, markups, Billionaire Mark Cuban, Cuban Organizations: CVS Health, CVS, CNBC, Billionaire
Never Back Down, the super PAC supporting the Republican’s White House bid, abruptly let go three key senior staffers that evening, including an interim CEO who had just been installed nine days earlier. The sudden departures sent shockwaves throughout DeSantis’ political operation, from Tallahassee to Des Moines. One of the dismissed operatives had appeared that day at a super PAC event in Sioux City, Iowa, that featured DeSantis. “They’re a laughingstock.”Jess Szymanski, a spokeswoman for the super PAC, dismissed the outside criticism. After months of watching ads and receiving mailers from the super PAC, voters seemed unaware – and unfazed – by the duplication.
Persons: Ron DeSantis, DeSantis, Donald Trump, ” DeSantis, “ It’s, DeSantis –, , David Polyansky, ” Polyansky, Kristin Davison, Adam Laxalt, caucusgoers, , canvasser, , ” Jess Szymanski, Loren Reit, Reit, “ We’ve, NBD Organizations: Iowa CNN, Florida Gov, PAC, CNN, Republican, Iowa, Outsiders, Trump, GOP, Washington Post, Gov, Cody, , Iowa - Locations: Newton, Iowa, Tallahassee, Des Moines, Sioux City , Iowa, Florida, DeSantis, Nevada, United States, Eldridge, Clive, Spencer, Iowa - South Dakota,
To use precise consumer data, advertisers now must work directly with the company that owns that data — like the retailer that knows what its customers bought or the media company that knows what its audience watched. Streamers including Netflix are building new ad businesses, while platforms like YouTube are trying to bolster their existing ad businesses with more content, such as live sports. "In a world of less data or worse data, whoever has the least-bad data wins," Brian Wieser, an advertising-industry analyst, told Business Insider. Even companies that aren't traditional retailers, such as Uber and Marriott, have kick-started ad businesses. The pandemic pushed the world to embrace streaming services.
Persons: Ana Milicevic, Brian Wieser, Sephora, Morgan Stanley, Milicevic, Neal Mohan, Vinny Rinaldi, Hershey's, Taylor, it's, Weiser, Wieser, influencers Organizations: Data, Apple, Sparrow Advisers, Walmart, Netflix, Companies, Retailers, Target, Marriott, Amazon, Major League Soccer, NFL, Columbia, Bose, YouTube, Advertising, Comcast, Hulu, Meta Locations: California, influencers
A sweeping ruling by the Supreme Court could upend many rules affecting partnerships, multinational companies and bond investors. Photo: mandel ngan/Agence France-Presse/Getty ImagesWASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t.
Persons: mandel ngan, Moore Organizations: Agence France, Getty, WASHINGTON Locations: Moore v .
You can tell a lot about a person by what he or she regrets. This holds especially for Supreme Court justices, whose decisions can, with a single vote, upend individual lives and alter the course of history. Minnesota, like many states that elect judges, had imposed such a ban in order to preserve the appearance of judicial impartiality. The decision was 5 to 4, with Justice O’Connor joining the majority. What stands out for me is what she said and did after leaving the court.
Persons: Justice Lewis F, Powell Jr, Harry Blackmun, Sandra Day O’Connor, Justice O’Connor, O’Connor —, Roe, Wade Organizations: Republican Party of Minnesota Locations: Minnesota
Forex swings will upend lucrative yen carry trade
  + stars: | 2023-12-01 | by ( Francesco Guerrera | ) www.reuters.com   time to read: +3 min
But as central banks start moving in the opposite direction, those “carry trades” will become a lot riskier. Notably those who bet against its government bonds in a trade so bad it became known as the “widow maker”. Foreign exchange traders beg to differ: the carry trade has been a sure-fire money maker this year. That’s due to the huge gap in short-term interest rates between Japan, where they are -0.1%, and other countries. Reuters GraphicsThe most popular carry trade with yen has been into U.S. dollars .
Persons: , , Una Galani, Thomas Shum Organizations: Reuters, Federal Reserve, Deutsche Bank, LSEG, Bank of America, U.S, Thomson Locations: HONG KONG, Japan, Colombia, Mexico, Brazil, Ukraine
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