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☆ Opinion | Is the Internet the Enemy of Progress?
▼ + stars: | 2024-04-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

But it’s 29 years old, written when the true internet era was still just a gleam in Al Gore’s eye. You could further argue that the passage predicted the Great Stagnation that Tyler Cowen identified in 2011, the productivity slowdown and disappointing economic growth that followed the initial 1990s-era internet boom. Writing for Quillette, he argues that globalization and homogenization have reduced cultural competition in roughly the way that the “Lost World” passage describes. It’s not just that we’re forgoing opportunities to improve our macro cultures. Shouldn’t we expect that macro cultures, when selection is weak, will drift into dysfunction just as firm cultures do?

Persons: Marc Andreessen, Michael Crichton’s, Crichton’s, Ian Malcolm, ” Malcolm, Al, John, Tyler Cowen, Malcolm, Crichton, Robin Hanson, It’s, Hanson, ” Organizations: Benetton, Western, George Mason University Locations: Bangkok, Tokyo, London, Al Gore’s, John Hammond’s, Davos, South Korea

☆ Andy Sieg is quickly shaking up Citi's wealth business. At least 11 senior execs have left since his arrival.
▼ + stars: | 2024-04-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.

Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com

☆ Citi's plan to turn its wealth business around: get 'low performing' bankers to meet expectations and push investment products
▼ + stars: | 2024-04-12 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAndy Sieg has been quick to make his mark on Citi's ailing wealth unit since taking over the business in September. Some of his efforts are paying off, such as pushing investment products for existing clients to reduce reliance on loans and deposits. AdvertisementIn late September, Citi promoted its North American investment head, Kris Bitterly, to a new role overseeing investments globally. Adding investment assets has become a bigger part of private banker bonuses, according to The Wall Street Journal.

Persons: —, Andy Sieg, Mark Mason, Mason, Jane Fraser, Fraser, Kris, Sieg, Hale Behzadi, Merrill Lynch, Don Plaus Organizations: Service, Revenue, Business, Citi, London, North, Wall Street

☆ South Korea midterms: Opposition wins landslide parliamentary vote in resounding blow to Yoon
▼ + stars: | 2024-04-10 | by ( Heather Chen | Story Reuters | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —South Korea’s liberal opposition parties scored a landslide victory in a parliamentary election held on Wednesday, dealing a resounding blow to President Yoon Suk Yeol and his conservative party but likely falling just short of a super majority. A splinter liberal party considered allied with the DP was expected to take at least 10 seats, projections showed. It marked the highest ever turnout for a parliamentary election, though the numbers were down from the 2022 presidential vote that narrowly brought Yoon to power. Lee Jae-myung, leader of the Democratic Party, watches election results at his district office in Incheon, South Korea, on Thursday, April 11, 2024. “Given his likely lame duck status, the temptation for Yoon will be to focus on foreign policy where he will still have statutory power,” Richey said.

Persons: Yoon Suk Yeol, Yoon Suk, Lee Jae, myung, Lee, Yoon, ”, Kim Keon Hee, SeongJoon Cho, Mason Richey, “, ” Richey Organizations: South Korea CNN, South, Democratic Party, National Election Commission, Dior, People Power Party, Election Commission, NEC, Bloomberg, Getty, Hankuk University of Foreign Studies Locations: Seoul, South Korea, Incheon

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

CNN —Paris police will “considerably boost security measures” for the Champions League quarterfinal between Paris Saint-Germain and Barcelona this week, French Interior Minister Gerald Darmanin told journalists Tuesday. The heightened security presence follows a threat from the Islamic State terror group against the Parc des Princes and other European soccer stadiums hosting Champions League matches, Darmanin said. “We’re aware of online and media reports in relation to calls to target matches across Europe and here in London. Tightened security in the Spanish capitalIn Madrid, Spanish security forces are reinforcing security measures ahead of the city’s two Champions League games at the Bernabéu and Civitas Metropolitano stadiums, police sources told CNN. On Wednesday, 1,275 security personnel are expected to be deployed for a match watched by around 68,000.

Persons: Germain, Gerald Darmanin, Darmanin, ”, Ade Adelekan, “, Clive Mason, Santiago Bernabéu, Francisco Martín Organizations: CNN, Paris, Champions League, Paris Saint, French, League, European, UEFA, London’s Metropolitan Police, Arsenal, Bayern Munich, Emirates, ” Arsenal, Metropolitan Police, Police, Bayern, Real Madrid, Manchester City, Santiago, PSG, Atlético Madrid, Borussia Dortmund, ISIS, Civitas Metropolitano, Spanish Locations: Barcelona, Parc des, London’s, London, Europe, Moscow, Spanish, Madrid, England

☆ Men’s March Madness: Everything you need to know about the national championship game between UConn and Purdue
▼ + stars: | 2024-04-08 | by ( Issy Ronald | Samuel Joseph | ) edition.cnn.com time to read: +5 min

CNN —History beckons for both UConn and Purdue in the national championship game on Monday. A chance at historyThe Midwest Region champion, Purdue Boilermakers, are banishing prior demons in their quest for their first national championship title. The Boilermakers last appeared in the NCAA Championship game in 1969 where they were runners-up. 11 NC State in the Final Four to earn a shot at the first national championship in program history. He’s playing very well, and he’s staying out of foul trouble.”Purdue will be hoping that Edey can replicate these performances if it is to unseat UConn as national champion.

Persons: Dan Hurley, “, ” Hurley, Cam Spencer, Bob Donnan, ”, Donovan Clingan, they’re, Mason Gillis, Gonzaga, Gillis, Jamie Squire, Zach Edey, Edey, Basketball Hall of Famer Shaquille O’Neal, he’s Organizations: CNN, UConn, Purdue, Huskies, Boilermakers, Farm, Alabama Crimson Tide, Reuters UConn, Illinois, Midwest Region, Purdue Boilermakers, NCAA, ” Purdue, Grambling, Utah State, State, North Carolina State, Big, NBA, Basketball Hall of Famer Locations: Florida, Glendale , Arizona, Grambling State, Tennessee, Canada

☆ Max Verstappen: ‘No one is going to catch’ Red Bull driver, says Mercedes boss Toto Wolff
▼ + stars: | 2024-04-08 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

CNN —Just four races into the Formula One season, Mercedes boss Toto Wolff believes the title is Max Verstappen’s to lose after another dominant win for the Red Bull driver. At the Japanese Grand Prix on Sunday, three-time world champion Verstappen finished 13 seconds ahead of teammate Sergio Pérez, who was eight seconds ahead of Ferrari’s Carlos Sainz in third. Last month, Sainz won the Australian Grand Prix when Verstappen was forced to retire from the race. This is what it is this year.”Toto Wolff was left lamenting Mercedes' slow start to the season after the Japanese Grand Prix. That leaves Mercedes fourth in the constructor standings behind McLaren, Ferrari, and back-to-back champion Red Bull.

Persons: Mercedes, Toto Wolff, Max Verstappen’s, Verstappen, Sergio Pérez, Ferrari’s Carlos Sainz, Verstappen’s, Sainz, Max, ” Wolff, McLaren, Ferraris, ” Toto Wolff, Clive Mason, Wolff’s Mercedes, George Russell, Lewis Hamilton, Red Bull, ”, Wolff, “ Organizations: CNN, Formula, Red Bull, Suzuka, Reuters, P2, Prix, Mercedes, McLaren, Ferrari, Shanghai, Circuit Locations: Pérez

☆ Credit Card Companies Are About to Invent New Fees for Consumers
▼ + stars: | 2024-04-07 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Some of those annoying fees on your credit card may soon be getting smaller. Banks and credit-card companies are almost certainly trying to figure out where else they squeeze money out of you. The response to the interchange-fee settlement has been a bit more muted: The Electronic Payments Coalition, which represents Visa, Mastercard, and other credit-card companies, said it was OK with the swipe-fees cap. Taken together, it's clear that many companies in the credit-card business would rather not be dealing with this situation. According to the Merchants Payments Coalition, Mastercard is now planning to increase different credit card fees soon, it's "network assessment" fee.

Persons: Banks, Matt Schulz, JPMorgan Chase, Mark Elliot, Doug Kantor, Mark Mason, Rich Fairbank, We've, it's, Ira Rheingold, Amanda Jackson, Emily Stewart Organizations: Consumer Financial, Mastercard, Visa, Bank Policy Institute, Electronic Payments Coalition, UBS, JPMorgan, American Express, National Association of Convenience Stores, Merchants Payments Coalition, Capital, JPMorgan Chase, National Association of Consumer, Companies, Financial Reform, Business

☆ How Some Red State Prosecutors Pursue Injustice - The New York Times
▼ + stars: | 2024-04-04 | by ( Gregory Nolan | ) www.nytimes.com time to read: +1 min

When a Texas appeals court reversed itself last week and acquitted Crystal Mason, a mother of three, in a voting fraud case, it ended almost a decade in which Ms. Mason lived in fear of being torn away from her family and imprisoned. In 2018, she was sentenced to a five-year prison term for illegally casting a provisional ballot in the 2016 election. While the prosecution of Ms. Mason may have failed, it still could have broader consequences in chilling people’s willingness to exercise their right to vote. Few would want to vote if it means going through what Ms. Mason did. As such, the reversal in her case cannot undo much of the damage that irresponsible Texas prosecutors wrought.

Persons: Crystal Mason, Mason, Mason’s Locations: Texas

☆ CPAP replacement works well for the overweight, not obese, study finds
▼ + stars: | 2024-04-04 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —An implant for obstructive sleep apnea — a serious sleep malady in which breathing stops for 10 seconds to two minutes many times an hour each night — works best in people who are overweight but not severely obese, a new study found. “There’s a huge unmet need of patients that are suffering with obstructive sleep apnea and not able to tolerate CPAP,” Landsness said. nicolesy/iStockphoto/Getty ImagesAbout a third of patients have difficulty using a CPAP and may ultimately abandon the device, Landsness said. Obstructive sleep apnea is also connected to type 2 diabetes, asthma, obesity, kidney disease, chronic obstructive pulmonary disease, thyroid disease and mental illnesses such as depression and anxiety. “As an alternative treatment for sleep apnea, this hypoglossal nerve stimulation surgery could revolutionize some people’s lives,” he said.

Persons: Eric Landsness, St . Louis, ” Landsness, ”, Kristen Knutson, “, Landsness, CPAP, Brandon Peters, Mathews, ” Peters, Raj Dasgupta, Dasgupta, “ I’ve Organizations: CNN, Washington University School of Medicine, Medicare, BMI, Northwestern University’s Feinberg School of Medicine, Virginia Mason Medical Center, Food and Drug Administration, Huntington Health, Mayo Clinic, telltale Locations: St ., Chicago, Seattle, Pasadena , California

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ Photographer Nona Faustine’s series “White Shoes” reveals New York’s role in the transatlantic slave trade
▼ + stars: | 2024-04-02 | by ( Briana Ellis-Gibbs | ) edition.cnn.com time to read: +8 min

She began the body of work from which “White Shoes” is drawn during graduate studies at the International Center of Photography (ICP) program at Bard College. Nona Faustine/Courtesy Brooklyn MuseumFor centuries, New York City played a significant role in the enslavement of Black people. By 1730, forty-two percent of White households in the city enslaved Black people — the second-largest percentage of household slave ownership, after Charleston, South Carolina, in the United States. A tiara is balanced on her head, representing Western royalty and the dehumanizing ways White people treated enslaved Black women. Faustine's "White Shoes" exhibition at the Brooklyn Museum opens with her 2012 shot "Venus of Vlacke Bos," (far left).

Persons: Nona Faustine, Faustine, ” Faustine, ”, Jacob Morris, Baring, “, Vlacke Bos, Mason, Dixon, Isabelle, Saartjie, Sarah ” Baartman, it’s, Catherine Morris, Carla Forbes, Morris, I’m, Faustine —, Truth’s Organizations: CNN, Brooklyn Museum, International Center of Photography, Bard College, New York City, , New York City, Harlem Historical Society, Brooklyn —, Brooklyn, Brooklyn Museum’s, Brooklyn Borough Hall Locations: New York City, Brooklyn, York, Manhattan, New York, New Amsterdam, , New York, Harlem, Wall, Lower Manhattan, White, Charleston , South Carolina, United States, Dutch, Flatbush, Lefferts House, Prospect Park , Brooklyn, African, Europe, Chinatown, Bronx, Staten Island

☆ F1's net-zero pledges are colliding with its ambitions to go truly global
▼ + stars: | 2024-04-01 | by ( Chris Hawes | ) www.cnbc.com time to read: +7 min

Oscar Piastri of McLaren during the Formula 1 Saudi Arabian Grand Prix at Jeddah Corniche Circuit in Jeddah, Saudi Arabia on March 9, 2024. But with the Japanese Grand Prix this coming weekend, F1's beleaguered boss Stefano Domenicali will finally be able to provide a rebuttal. F1's growing ambitions in the Middle East and the U.S. have at times transcended the sport. Las Vegas airports dealt with 400 private jets arriving for the Grand Prix, while Singapore saw a 63% increase in September flight arrivals compared to the previous year when its Grand Prix was pushed into October. Third placed Carlos Sainz of Spain and Ferrari celebrates on the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 03, 2023 in Monza, Italy.

Persons: Oscar Piastri, Stefano Domenicali, Alexander De Croo, Domenicali, Clive Mason, Stephane Bazire, Bazire, I've, Stefano, Colin Syn, We've, Francois Dumontier, Madeleine Orr, Paul Fowler, Carlos Sainz of, Dan Istitene Organizations: McLaren, Formula, Saudi, Jeddah Corniche, Nurphoto, Getty, United Arab, U.S, Belgian, Formula One, of Australia, Albert, Circuit, F1, Silverstone, CNBC, Las, Prix, Singapore, Singapore Grand Prix, Canadian, Italy's Emilia, Grand Prix, Williams, DHL, Ferrari, of, Autodromo Nazionale Monza Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Belgium, Monza, Italy, Monaco, United Arab Emirates, Europe, America, Las Vegas, Singapore, Japan, Miami, Grand, Canada, Australia, Carlos Sainz of Spain

☆ Why School Absences Have ‘Exploded’ Almost Everywhere
▼ + stars: | 2024-03-29 | by ( Sarah Mervosh | Francesca Paris | ) www.nytimes.com time to read: +14 min

Increase in chronic absenteeism, 2019–23 By local child poverty rates By length of school closures By school district size By district racial makeup Source: Upshot analysis of data from Nat Malkus, American Enterprise Institute. Sara Miller, a counselor at South Anchorage High School for 20 years, now sees more absences from students across the socioeconomic spectrum. But after a visit from her school district, and starting therapy herself, she has settled into a new routine. Nationally, about 26 percent of students were considered chronically absent last school year, up from 15 percent before the pandemic. Kaylee Greenlee for The New York TimesThe Ypsilanti school district has tried a bit of everything, said the superintendent, Alena Zachery-Ross.

Persons: Nat Malkus, ”, Kaylee Greenlee, Katie Rosanbalm, —, can’t, Adam Clark, Sara Miller, Miller, Ash Adams, Tracey Carson, Ashley Cooper, she’s, ’ ”, Cooper, Rosanbalm, Duke, Quintin Shepherd, The New York Times Quintin Shepherd, Shepherd, Michael A, Gottfried, “, Nicholas Bloom, Lakisha Young, Charlene M, Russell, Tucker, Regina Murff, Sylvia Jarrus, Ann Arbor, Murff, Alena Zachery, Zachery Organizations: D.C, American Enterprise Institute, New York Times, The New York, Center of Child, Duke University, The New York Times, Missing, South Anchorage High School, University of Pennsylvania Graduate School of Education, Companies, Stanford University, Oakland Locations: Anchorage, Michigan, Washington, Victoria , Texas, Mt, Northern California, Hawaii, Mason , Ohio, Cincinnati, San Marcos , Texas, California, Connecticut, Ypsilanti, Mich, Ann, Ross

☆ Woman Who Received 5-Year Sentence in Voter Fraud Case Is Acquitted
▼ + stars: | 2024-03-28 | by ( Orlando Mayorquín | ) www.nytimes.com time to read: +1 min

In a case that has prompted outrage from voting-rights activists for years, a Texas appeals court reversed itself on Thursday and acquitted a woman who had been sentenced to five years in prison for illegally casting a provisional ballot in the 2016 election. The decision came two years after the Texas Court of Criminal Appeals, the state’s highest criminal court, ruled that the lower appeals court, the Second Court of Criminal Appeals, had misconstrued the illegal voting statute under which Crystal Mason was found guilty in 2018. Ms. Mason, 49, of Fort Worth, had been charged with illegally voting in the 2016 general election by casting a provisional ballot while she was a felon on probation. Ms. Mason, who has remained free on bond, appealed her conviction. In 2020, the Second Court of Appeals ruled that whether or not she knew she was ineligible to vote was “irrelevant to the prosecution.”

Persons: Crystal Mason, Mason, ” Organizations: Texas, Appeals Locations: Texas, Fort Worth

☆ How Justice Thomas’s ‘Nearly Adopted Daughter’ Became His Law Clerk
▼ + stars: | 2024-03-28 | by ( Steve Eder | Abbie Vansickle | ) www.nytimes.com time to read: +1 min

The email went out to members of Justice Clarence Thomas’s law clerk network late last month celebrating his newest addition to an exclusive club. “Crystal Clanton’s clerkship for OT ’24 was announced by Scalia Law today!” wrote an assistant to Virginia Thomas, the justice’s wife, who is known as Ginni. The email referred to the 2024 October term of the court, and the tone was jubilant: “Please take a look at these posts of congratulations and support. In 2019, at the Thomases’ urging, Ms. Clanton enrolled at Antonin Scalia Law School at George Mason University in Virginia, where Justice Thomas has taught. She received a full merit scholarship, according to another judge who later hired her.

Persons: Clarence Thomas’s, Scalia, ”, Virginia Thomas, Clanton, ” Ms, Thomas, Antonin Scalia Organizations: Scalia Law, Antonin, George Mason University Locations: New York, Virginia

☆ A controversial Supreme Court decision could hurt Biden in November
▼ + stars: | 2024-03-26 | by ( John Blake | ) edition.cnn.com time to read: +11 min

CNN —A Supreme Court decision related to the election could determine the presidential victor this November, but it has nothing to do with former President Donald Trump. The study also said the “narrow” racial-turnout disparity that the high court heavily relied upon in its Shelby decision was based in part on the 2012 presidential election. Yet the study’s conclusion bolsters critics of the Shelby decision. They ignored it although they knew their decision would hurt Black voters, who tend to vote for the Democratic Party, he says. The bloody history behind the Voting Rights ActThe law was passed in 1965 after King led an epic voting rights campaign in Selma, Alabama.

Persons: CNN —, Donald Trump, Brennan, —, Holder, John Roberts, Barack Obama, Shelby, Jim Crow, Alabama —, Lawrence Goldstone, ” Goldstone, Sonia Sotomayor, Joe Biden, Shawn Thew, Biden, Goldstone, Black, George W, Bush, preclearance, “, ”, Elijah Nouvelage, Horace Cooper, Martin Luther King Jr, Cooper, “ That’s, Martin Luther King, that’s, ” Cooper, King, Edmund Pettus, Obama, Lyndon B, Johnson, Jr, Ralph Abernathy, Clarence Mitchell, Corbis, Roberts, Reagan, Brett Kavanaugh, tortuously, it’s, John Blake Organizations: CNN, Brennan Center for Justice, Supreme Court, Southern GOP, GOP, State of, Getty, Black, Democratic Party, George Mason University in, US Justice Department, Edmund, White, Congress, Black voters, North Carolina — Locations: Shelby, Southern, America, Texas, Mississippi, Alabama, Georgia, North Carolina, State, Washington, Alabama’s Shelby County, Atlanta , Georgia, AFP, George Mason University in Virginia, Selma , Alabama, White Alabama, “ Shelby

☆ What is shrinkflation? Here’s why consumers may be getting less for their money
▼ + stars: | 2024-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Pixelseffect | E+ | Getty ImagesSome grocery store products are providing less for your money. At the State of the Union, he again took a stand against shrinkflation, complaining that Snickers bars have become smaller. on X earlier this month, the White House responded, "C is for consumers getting ripped off." Where consumers may see shrinkflationFor now, it's up to consumers to spot the changes companies may make to their products. Why critics say shrinkflation is the wrong focusWhile shrinkflation is now under the political spotlight, not all experts agree the emphasis is correctly placed.

Persons: Joe Biden, Cookie, Biden, hasn't, Cookie Monster, Mara Weinraub, Weinraub, Shrinkflation, shrinkflation, Veronique de Rugy, de Rugy, David Doyle, Justin Sullivan Organizations: State, Union, shrinkflation, White, Federal Trade Commission, FTC, of Labor, Finance, Social, Federal, Labor Statistics, of Labor Statistics, George Mason University, Costco, Getty Locations: U.S, California, Macquarie, Novato , California

☆ What a Trump 2.0 Economy Would Look Like
▼ + stars: | 2024-03-15 | by ( Tim Smart | ) www.usnews.com time to read: +10 min

Overall, the Biden economic plan draws less than favorable reviews from voters. So, too, are promises of more tax cuts and a sharp curtailment of immigration. Trump was upset in 2019 that Powell was not doing enough to lower interest rates and stimulate the economy. The Trump tax cuts are set to expire in 2025, giving a second Trump administration the opportunity to fight that battle again. “A Trump 2.0 presidency would inherit very large fiscal deficits from the Biden Administration, rising interest expenses and an economy probably more prone to bouts of inflation,” the report said.

Persons: Muhammad Ali, Joe Frazier, Joe Biden, Donald Trump, Biden, Trump, There’s, ” Trump, it’s, ”, Patrick Horan, “, Tony Soprano, Patrick Kilbane, ” Kilbane, “ Trump, ” George Calhoun, Calhoun, ” Matt Gertken, Alex Nowrasteh, ” Michael Clemens, Clemens, Jerome Powell, Powell, Xi Jinping, Maria Bartiromo, reappoint Powell, Steve Mnuchin, ” Maxime Darmet, Darmet, Kevin McCarthy Organizations: Manila ”, Trump, CNBC, Monday, White, George Mason University, Ullmann Wealth Partners, Republican Party, Senate, Affordable, Quantitative, Stevens Institute of Technology, TikTok, Democratic, BCA Research, Labor, CATO Institute, Peterson Institute for International, University of Colorado, Federal Reserve, Federal, Biden, Fox Business, Trump Cabinet, House, Allianz Research, Biden Administration, U.S, Allianz Trade, Congress, GOP Locations: Manila, COVID, China, U.S, America, France

☆ Inside the world of Wordle at the New York Times
▼ + stars: | 2024-03-14 | by ( Saira Mueller | ) edition.cnn.com time to read: +13 min

After the New York Times acquired Wordle from its creator, software engineer Josh Wardle, in January 2022, its player base grew to tens of millions. The New York Times assigned a dedicated editor for Wordle, Tracy Bennett, in November 2022. “You’re even going to be able to play Wordles that predate the New York Times acquisition, which is really fun,” Knight told CNN. What Wordle has done for the New York TimesAside from the editorial strategy, Wordle fits perfectly into the Times’ business plans. For Donna Cona, who has played it since before the Times acquisition, Wordle has become her go-to thing each morning.

Persons: Wordle, Josh Wardle, Everdeen Mason, “, ”, Jonathan Knight, Tracy Bennett, we’re, ” Bennett, “ I’ve, Bennett, Mason, ” Mason, it’s, — Bennett, Knight, “ You’re, ” Knight, “ We’re, —, ’, Donna Cona, I’m, …, Nanny, Cona, Malia Griggs ’, they’re, Malia, Jerrold Griggs —, ” Malia, Griggs ’, Malia it’s, ADIEU, Malia Griggs, “ I’m, Wordle “ Organizations: CNN, New York Times, Times, NYT, Louis, Cities, Fulham, Bournemouth, Bradford, New York, Sydney Melbourne New York, DC Locations: North, ”, Seattle, Aberdeen, Hinsdale, Angeles, Lansing, London, Coventry, Auckland, Wandsworth, Wantage, Vancouver, Wordle, New York City, Columbia , South Carolina, Washington, DC Vermont Wyoming, Hoquiam , Washington, Willowbrook , Illinois

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email25-year-old earns $11K/month working three jobs while training for the Olympic trials25-years-old Jake Spotswood is training for the pole vault in the 2024 Olympic trials. At the same time, he's working as an IT analyst from 9-5 and as personal trainer and volunteer assistant coach for George Mason University's track and field team. Jake also posts sponsored online content to his 90K followers on Instagram and TikTok. Jake says he's able to balance all of these plates by sticking to a meticulous schedule every day. Even while training, he expects to earn over $100K in 2024.

Persons: Jake Spotswood, George Mason University's, Jake, he's Locations: Instagram

☆ 25-year-old earns $11,000 a month while training for the Olympic trials: With a 'non-revenue generating sport, you have to get creative'
▼ + stars: | 2024-03-14 | by ( Annie Probert Zachary Green | Annie Probert | Zachary Green | ) www.cnbc.com time to read: +11 min

Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.

Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax

☆ Trump is an isolationist, professor says
▼ + stars: | 2024-03-13 | 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 EmailTrump is an isolationist, professor saysWilliam Schneider, George Mason University professor of public policy, says "he has taken over a political party, a major party, and made it over into his own image."

Persons: William Schneider Organizations: Trump, George Mason University

☆ US Asks Hamas to Release Women, Elderly Hostages for Longer Ceasefire
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - The White House on Tuesday urged Hamas militants in Gaza to release women, elderly and wounded hostages and accept a temporary ceasefire in the fighting with Israel in order to secure a more lasting one. Hamas says it will only accept a deal based on a permanent ceasefire that ends the war and includes an Israeli troop withdrawal from Gaza, rather than another temporary truce. War in Israel and Gaza View All 222 ImagesUnder the most recent proposal, Israel would release Palestinian prisoners at a 10-to-one ratio to the number of Hamas hostages held. Hamas took at least 200 hostages on Oct. 7. During a week-long truce in late November, Hamas freed more than 100 Israeli and foreign hostages in exchange for Israel releasing about 240 Palestinian prisoners.

Persons: Jake Sullivan, Israel, We're, Sullivan, Jeff Mason, Steve Holland, Heather Timmons, David Gregorio Organizations: WASHINGTON, Hamas, House, Israel Locations: Gaza, Israel

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