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☆ McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing
▼ + stars: | 2023-06-01 | by ( David Morgan | ) www.reuters.com time to read: +7 min

But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. The White House, for its part, contends that the talks between Biden and McCarthy were not a negotiation on the debt ceiling. "Speaker McCarthy's done an incredible job," said Representative Marjorie Taylor Greene, a member of the hardline Republican House Freedom Caucus. "This is where the honeymoon can definitely end," said Republican strategist Ron Bonjean, a one-time aide to former House Speaker Dennis Hastert. Asked this week whether he expects to keep his speakership, McCarthy told a reporter: "What do you think?

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, Dusty Johnson, haven't, Johnson, wouldn't, Donald Trump, Trump, Republican Mitch McConnell, McConnell, Rohit Kumar, Mitch McConnell, Shalanda Young, McCarthy's, Marjorie Taylor Greene, Patrick McHenry, Garret Graves, Ralph Norman, Norman, that's, John Boehner, Ron Bonjean, Dennis Hastert, I'm, Kelly Armstrong, David Morgan, Steve Holland, Jason Lange, Scott Malone, Suzanne Goldenberg Organizations: U.S . House, Republican, Democratic, Democrats, White House, Reuters, Republicans, House Republicans, House, Caucus, White, Thomson Locations: Washington

☆ How to Be a Star by Not Giving Your All
▼ + stars: | 2023-05-31 | by ( Robert Ito | ) www.nytimes.com time to read: +2 min

IF NORA IS NOTHING LIKE many of Lee’s previous party-girl characters, neither is Lee herself. She’s a mother, for starters, of two young boys with her husband, Russ Armstrong. On set, “Greta is like a Hunter S. Thompson-meets-Fellini character,” Natasha Lyonne said in an interview. Isn’t this completely wild?”Lee, now 40, was born in Los Angeles and spent most of her childhood here. After high school, Lee attended Northwestern University in the hopes of going into musical theater.

Persons: NORA, Lee, She’s, Russ Armstrong, Greta, Thompson, Fellini, ” Natasha Lyonne, “, “ I’m, ”, ” Lee, Liza Minnelli Organizations: ”, Northwestern University Locations: Los Angeles, American

☆ ‘Succession’: Jeremy Strong on Kendall’s ‘Catastrophic’ Ending
▼ + stars: | 2023-05-30 | by ( Alexis Soloski | ) www.nytimes.com time to read: +1 min

When filming on the final season of “Succession” wrapped this winter, the actor Jeremy Strong flew to the Danish fishing village where he and his wife have a home. For Strong, who began filming the HBO drama seven years ago and won an Emmy for playing Kendall Roy, this was a happy ending. But for the character, “Succession,” created by Jesse Armstrong, concluded on bleaker terms. Kendall began Sunday night’s finale episode believing that he would emerge as the chief executive of a giant conglomerate. But the final scene, which also took place at the water’s edge, also at sunset, left Kendall numb, friendless, bereft.

☆ Major central banks were expected to pause rate hikes soon. Now it's not so clear cut
▼ + stars: | 2023-05-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Brendan McDermid | ReutersThe market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but sticky core inflation, tight labor markets and a surprisingly resilient global economy are leading some economists to reassess. Economic resilience and persistent labor market tightness could exert upward pressure on wages and inflation, which is in danger of becoming entrenched. The Bank of England The U.K. faces a much tougher inflation challenge than the U.S. and the euro zone, and the U.K. consumer price inflation rate fell by less than expected in April. Meanwhile core inflation jumped to 6.8% from 6.2% in March, which will be of greater concern to the Bank's Monetary Policy Committee. Risk management considerations will, we think, force the MPC to push rates higher and further than previously intended."

☆ ‘Stealth Wealth’ and Bare Feet: How Power Dresses on ‘Succession’
▼ + stars: | 2023-05-28 | by ( Guy Trebay | ) www.nytimes.com time to read: +1 min

On Sunday, the show reaches its finale and so a final check-in with Michelle Matland, the Emmy-nominated costume designer responsible for crafting a 21st-century version of Machiavellian chic and inadvertently spurring the “stealth wealth” fashion genre, seems in order. Looking back, could you could have predicted where this show would take you? Jesse Armstrong wrote an incredible brilliant story, but I’m not sure he knew where it was going to go. The one constant was the trajectory of each character, and over the seasons, they developed story lines and these inherent qualities you couldn’t have foreseen. And it must have been an unusual challenge for a designer, since the setting is contemporary and the characters’ wardrobes don’t read as costumes.

☆ In ‘Succession,’ the Very Rich Are Very, Very Different
▼ + stars: | 2023-05-26 | by ( James Poniewozik | ) www.nytimes.com time to read: +2 min

Meanwhile, the smaller TV audiences of the cable and streaming age have allowed “Succession” to thrive as a more specific and more niche entertainment. “Succession” can afford to be a rarefied, decadent pleasure, like an ortolan, the deep-fried songbird, eaten whole, that was featured in a memorable Season 1 meal. “Dallas,” like its followers from “Dynasty” through “Empire,” was in the populist soap-opera tradition of letting the audience delight in the woes of rich people. “Succession” has its crowd-pleasing and universal elements too. At root, the series’s family themes are talk-show simple: Hurt people hurt people.

☆ Asset manager explains why he's shorting commercial property stocks
▼ + stars: | 2023-05-22 | 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 EmailAsset manager explains why he's shorting commercial property stocksPatrick Armstrong, chief investment officer at Plurimi, believes commercial property stocks are valued too high right now, in a trend also seen at private equity companies.

☆ Fact Check-Clip shows behind-the-scenes of ‘First Man’ movie, not film crew on Moon
▼ + stars: | 2023-05-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Footage showing behind-the-scenes during the filming of the 2018 ‘First Man’ movie starring actor Ryan Gosling has been shared with false claims that it shows a film crew on the surface of the Moon. Further footage shows camera operators and film crew capturing the astronaut walking on what appears to be the lunar surface. Some shared the video on social media with suggestions that it showed proof that the lunar landing was a hoax. Examples of the clip shared online can be seen (here) and (here). The clip shows behind-the-scenes footage of the filming of the ‘First Man’ movie starring Ryan Gosling.

☆ France taking Ukraine's Zelenskiy to Arab League, G7 meeting - source
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

May 19 (Reuters) - A French government plane is taking Ukrainian President Volodymyr Zelenskiy to the Arab League Summit in Saudi Arabia and will later take him to the G7 leaders' summit in the Japanese city of Hiroshima, a source familiar with the matter told Reuters. Zelenskiy will attend the Arab League summit later on Friday, the source, who was speaking on condition of anonymity as the information is sensitive, said. With an expected Ukrainian offensive expected soon, the source said it was vital for Zelenskiy to continue to put the pressure on his allies at the G7 in terms of military support, the source said. Zelenskiy may also seek to speak face-to-face with leaders from India, Indonesia and Brazil, who are also attending the meeting on Sunday, the source said. "Zelenskiy is giving everything," the source said.

☆ Flexport's acquisition of Shopify Logistics sends the company on a search for growth through uncharted territory
▼ + stars: | 2023-05-17 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Flexport plans to integrate Deliverr, an e-commerce fulfillment company Shopify acquired for $2.1 billion last year, into its global logistics offering. Clark called the Shopify assets the "last piece" the company needed to extend its reach from the manufacturer to the end consumer. It may be the last acquisition needed to complete a "port to porch" service, as Clark described it. In fact, Clark said Amazon could be a compliment or partner to Flexport soon after announcing the Shopify deal. Yea," he said about the kind of end-to-end service Flexport is planning.

☆ Hertz apologizes after refusing rental to Puerto Rican
▼ + stars: | 2023-05-16 | by ( Maria Santana | ) edition.cnn.com time to read: +4 min

CNN —Hertz has apologized to a Puerto Rican customer after one of its employees refused to rent him a car he had paid for in advance because he did not show her his passport. Humberto Marchand said that he traveled to New Orleans last Wednesday and presented his Puerto Rican driver’s license at the Hertz counter at the Louie Armstrong International Airport. Puerto Rico is a commonwealth of the United States, and anyone born on the island is by law a US citizen. In a statement to CNN, Hertz (HTZ) said that the company accepts Puerto Rican driver’s licenses from customers renting in the United States without requiring a valid passport. It is not clear if Hertz took any disciplinary action against the employee, however, the company said that this employee, like all their employees, has been reminded of their longstanding policy related to Puerto Rican driver’s licenses.

Major players are hoping that the SEC and Washington takes, what crypto watchers see as bluffs, seriously and soften the hard line that regulators have taken on the industry. Coinbase CEO Brian Armstrong said last week that the SEC was on a "lone crusade" with its tough actions against certain crypto companies. "The SEC is a bit of an outlier here," Armstrong told CNBC's Dan Murphy in an interview in Dubai. But he's created some lawsuits, and I think it's quite unhelpful for the industry in the U.S. writ large." "The biggest fear of crypto companies is that regulation will cause panic among crypto investors and prices will go down.

☆ ‘Succession’ Season 4, Episode 8 Recap: The Will of Some People
▼ + stars: | 2023-05-14 | by ( Noel Murray | ) www.nytimes.com time to read: +3 min

Here, he listens to Shiv’s argument that ATN could slow the Mencken momentum. The first is that Kendall really wants the next president to kill the GoJo deal, which Roman insists Mencken will do. So Kendall asks Shiv to take one more shot at persuading her ex-lover Nate to get Jimenez to make that same promise. This sets up the second impediment: when Kendall call Nate to iterate more clearly what Shiv claims to have said. ATN really is about to help elevate an authoritarian to America’s most powerful public office because one spoiled brother is in a snit.

☆ Opinion | Dooce and Other ‘Mommy Blogs’ Deserve Credit for Shaping the Internet
▼ + stars: | 2023-05-13 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

In the past few months, several internet giants have fallen. BuzzFeed News folded. Vice is headed for bankruptcy. And with the recent publication of Ben Smith’s “Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral,” there’s been a resurgence of chatter about Gawker Media, which went kaput in 2016. (I worked at Jezebel, which was under the Gawker Media umbrella, from 2007 to 2008.)

☆ Heather Armstrong, Mommy Blogger Known as Dooce, Dies at 47
▼ + stars: | 2023-05-11 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Heather Armstrong, pictured in 2008, wrote about her struggles with alcohol and postpartum depression. Photo: Paul Chinn/The San Francisco Chronicle/Getty ImagesHeather Armstrong, one of the most successful bloggers on motherhood in the early 2000s, has died at the age of 47. The Associated Press quoted her boyfriend, Pete Ashdown, as saying she died by suicide and that he found her Tuesday night at their home in Salt Lake City.

☆ Heather Armstrong, ‘Queen of the Mommy Bloggers,’ Is Dead at 47
▼ + stars: | 2023-05-10 | by ( Alex Williams | ) www.nytimes.com time to read: +1 min

Heather Armstrong, an explosively popular web writer and entrepreneur who, under the name Dooce, was hailed as the queen of the so-called mommy bloggers for giving millions of readers regular intimate glimpses of her joys and challenges in parenthood and marriage, as well as her harrowing struggles with depression, died on Tuesday at her home in Salt Lake City. He said he had found her body in the home. Ms. Armstrong, a lapsed Mormon from Salt Lake City, rose to prominence at the dawn of the personal blog craze of the early 2000s. Her baptism in the field came after she graduated from Brigham Young University in 1997 and moved to Los Angeles, where she taught herself HTML code and took a job at a tech company. She started Dooce.com in 2001, christening it with the nickname she had earned after committing a typo writing the word “dude” in an AOL Instant Messenger chat with friends, according to one of her stories.

☆ Lightning Round: Too early to bet on Uranium Energy stock
▼ + stars: | 2023-05-10 | by ( Jim Cramer | ) 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 EmailLightning Round: Too early to bet on Uranium Energy stock'Mad Money' host Jim Cramer weighs in on stocks including: Pfizer, Tradeweb Markets, Block, Google, Uranium Energy, Kimbell Royalty Partners, Hannon Armstrong, Truist Financial, and Air Products.

☆ Heather Armstrong, mommy blogger also known as Dooce, dies at 47
▼ + stars: | 2023-05-10 | by ( Scottie Andrew | ) edition.cnn.com time to read: +4 min

CNN —Heather Armstrong, an influential writer whose blog Dooce helped popularize mommy blogging, has died, her partner, Pete Ashdown, confirmed to CNN. “Heather B. Hamilton (Armstrong) was a brilliant, funny, compassionate writer who struggled with mental-health and alcoholism,” Ashdown said in a statement to CNN. In 2004, Dooce became the first personal website to start accepting a notable number of paid ads, the New York Times said. Toward the end of her life, Armstrong was characteristically frank with readers about her struggles with alcoholism. “Calling Dooce a mommy blogger was always an inadequate description of her breadth, her style and her early influence on blogging,” New York Times reporter Katie Rogers tweeted.

☆ Coinbase CEO says SEC is on 'lone crusade,' dials back on suggestion exchange may relocate
▼ + stars: | 2023-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The CEO of cryptocurrency exchange Coinbase , Brian Armstrong, doubled down on his criticisms of the U.S. Securities and Exchange Commission chief Gary Gensler Monday, but added the exchange would not leave the U.S. despite the regulatory uncertainty the company is facing in the country. At the heart of the regulator's dispute with Coinbase, and a host of other crypto companies, is the allegation that it is selling unregistered securities to investors. "The SEC is a bit of an outlier here," Armstrong told CNBC's Dan Murphy in an interview in Dubai Monday. "There's kind of a lone crusade, if you will, with Gary Gensler, the chair there, and he has taken a more anti-crypto view for some reason." "I don't think he's necessarily trying to regulate the industry as much as maybe curtail it.

☆ The financial system is in 'major need' of an update, Coinbase CEO says
▼ + stars: | 2023-05-08 | 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 EmailThe financial system is in 'major need' of an update, Coinbase CEO saysBrian Armstrong, Coinbase CEO, says "crypto is a technology that can update the financial system."

☆ The UAE is putting out a 'clear rulebook' on cryptocurrency regulation, Coinbase CEO says
▼ + stars: | 2023-05-08 | 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 EmailThe UAE is putting out a 'clear rulebook' on cryptocurrency regulation, Coinbase CEO saysBrian Armstrong, Coinbase CEO, says the United Arab Emirates deserves "a lot of credit" for its commitment to crypto regulation.

☆ Warren Buffett set for 59th Berkshire Hathaway shareholder marathon as big questions loom
▼ + stars: | 2023-05-06 | by ( Jonathan Stempel | ) www.reuters.com time to read: +6 min

[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Tens of thousands of people are flocking to Omaha, Nebraska this weekend for the extravaganza that Buffett, 92, calls "Woodstock for Capitalists." "Charlie is 99 and Warren turns 93 on Aug. 30," Lountzis added, "and you just don't know how many more you're going to have." Buffett and Munger are due to answer five hours of shareholder questions at the meeting. "We believe in constructive engagement and dialogue, whether it's Warren Buffett or another company," Frerichs said in an interview.

☆ Inside Westminster Abbey during King Charles' coronation
▼ + stars: | 2023-05-06 | by ( Rachel Armstrong | ) www.reuters.com time to read: +3 min

WESTMINISTER ABBEY, London, May 6 (Reuters) - The explosive crescendo of "Zadok the Priest", Handel's soaring anthem composed nearly 300 years ago for the crowning of King George III, marked the most sacred moment of Charles' coronation on Saturday. Until the crowning in 1953 of Charles's mother, Queen Elizabeth II, the coronations of kings and queens were seen only by those in the abbey. Yet elements of the ceremony, which was a largely solemn and ritualistic service with just dashes of modernity, remained distinctly intimate for those inside the abbey. Charles himself looked occasionally meek, as when he knelt before the altar with four members of the clergy surrounding him. STATE AND CHURCHBefore Charles's arrival, representatives of nine non-Christian faith groups processed through the abbey, in keeping with the king's commitment to safeguarding religious freedom.

☆ Crypto-silence is precious for Gensler's SEC
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

But he has taken several enforcement actions against crypto firms alleging that they are selling unregistered securities, and the SEC is considering suing Coinbase. Think from Gensler's perspective, though, and there's little upside in breaking the silence. Accept that digital assets are not securities after all, and he would look foolish for not saying so sooner. Yet state definitively that they are securities, and Gensler would have to show his reasoning, opening the SEC up to more costly legal battles that it could lose. Complain as they may, Gensler's foes may just have to accept that sometimes, no answer is an answer.

☆ The University of California Santa Cruz is condemning recent antisemitic and anti-LGTBQ actions, including an event to celebrate Hitler’s birthday
▼ + stars: | 2023-05-05 | by ( Elizabeth Joseph | ) edition.cnn.com time to read: +3 min

CNN —The University of California, Santa Cruz, is condemning recent antisemitic and anti-LGBTQ incidents reported on and near the campus, including a group of students who allegedly gathered to celebrate Adolf Hitler’s birthday. “They sang happy birthday and ate cakes adorned with hateful and horrific symbols,” UC Santa Cruz Vice Chancellor for Student Affairs and Success Akirah Bradley-Armstrong said in a statement. A second reported incident involved a student who “found an antisemitic and anti-LGBTQIA+ flyer” on their vehicle’s windshield in downtown Santa Cruz on April 21. UC Santa Cruz is encouraging students impacted by “worry, fear, and anger” surrounding the reported incidents to reach out to the school’s Counseling and Psychological Services for support. “White supremacy has no place at UC Santa Cruz.

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