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☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ First Prosecution Witness Testifies Against Jimmy Lai in Hong Kong
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Jessie Pang and Edward ChoHONG KONG (Reuters) - The first prosecution witness to testify in a landmark national security case against Hong Kong media tycoon Jimmy Lai said on Wednesday he had been instructed by Lai to call people to join protests in 2019 and draw the attention of western democracies. The witness, Cheung Kim-hung, said Lai believed a proposed law that would allow people in Hong Kong to be sent to China to face trial in courts controlled by the Communist Party would be used to crackdown on the territory's democracy and freedoms. He told the court that the image of Lai "was all along very clear, who pursued democracy, freedom and was anti-totalitarian". Hong Kong officials say Lai will receive a fair trial. Both Chinese and Hong Kong officials have said the national security laws were vital to restoring stability in Hong Kong.

Persons: Jessie Pang, Edward Cho HONG, Jimmy Lai, Lai, Cheung Kim, Cheung, Hong, Apple, Chan Pui, Yeung Ching, kee, Andy Li, Chan, Edward Cho, Dorothy Kam, Greg Torode, Neil Fullick Organizations: Reuters, Hong, Communist Party, Apple, Next Locations: Edward Cho HONG KONG, Hong Kong, China, Beijing, Britain, United States

☆ The future of interest rates is more surprises
▼ + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.

Persons: Claudio Borio, “, ”, Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan

At a town hall in Coney Island, Brooklyn, on Monday night, the mayor said the cuts were real but that he did not want to make them. The police commissioner, Edward Caban, has yet to make a public statement about the implications of a proposal that would bring the number of officers below 30,000 for the first time in decades. There were nearly 35,000 officers in the department in 2022. is stretched as thin as it could go right now,” said Paul DiGiacomo, president of the Detectives’ Endowment Association. Every agency would be affected, including the Department of Education, which would see its budget cut by $1 billion over two years; the Sanitation Department; the city’s libraries; and popular programs like summer school and universal prekindergarten.

Persons: ”, “, Yell, Edward Caban, Paul DiGiacomo, ’, Mr, Adams Organizations: D.C, ”, Police Department, ’ Endowment Association, Department of Education, Sanitation Department Locations: Coney Island , Brooklyn

☆ Banksy appears to reveal his real name in resurfaced BBC interview
▼ + stars: | 2023-11-21 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —Anonymity lies at the center of the mythology surrounding the elusive street artist Banksy, but he may have revealed his name in a resurfaced interview. However, all might not be as it seems, as is so often the case with Banksy – an artist known for his satirical humor, subversive methods and anti-authority themes. “A name comes out,” Peak told CNN Tuesday. “If you are a guy making art that sells for ridiculous sums of money and you have this… administration around you, I have often wondered how pure you can be in your intention and art,” Peak added. Asked whether his exhibition was about anarchism, Banksy told Wrench: “I’m interested in injustice.

Persons: Banksy, ”, Nigel Wrench, Robert Banks, “ It’s Robbie, ” Wrench, James, “, Banksy –, Robbie Banks, Alexander Scheuber, Edward Colston, Wrench, Winston Churchill, he’s, didn’t, “ I’m Organizations: CNN, BBC, Independent, US National Public Radio, Metropolitan Locations: Ukraine, England, Paris

☆ Japan has become a gold mine for value investors
▼ + stars: | 2023-11-10 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Having experienced a multi-decade decline after 1990, Japanese stocks have escaped the doldrums. Reuters GraphicsAnother shadow that has long lingered over corporate Japan is management teams which tended to neglect shareholders and prioritise the interests of other stakeholders. METI is also redefining the aim of Japanese companies, says Stephen Codrington, founder of the independent research firm Codrington Japan. Japan, whose regime was formerly unfriendly to equity investors, is moving in the opposite direction, says Drew Edwards, head of GMO Usonian Japan. Japan, as Codrington says, has become a gold mine for value investors.

Persons: Jeremy Siegel, “ Stocks, It's, Alex Kinmont, James Montier, METI, Stephen Codrington, Codrington, Toby Rodes, Edward McQuarrie, McQuarrie, Drew Edwards, there’s, Warren Buffett, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Investors, Credit Suisse Global Investment, Nikkei, U.S ., Local, Credit Suisse, Ministry, Economy, Trade, Industry, Electronics, Hitachi, Fujitsu, Investment, Toyota, Investment Fund, Tokyo Stock Exchange, Kaname, Takisawa Machine Tool, managements, Toyota Industries, Santa Clara University, U.S, Thomson Locations: Japan, U.S, Europe, Codrington Japan, United States

☆ New York City Marathon: Start time, route and everything you need to know
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —More than 50,000 runners are set to descend on New York City on Sunday, transforming the city simultaneously into a stadium, carnival and an immense endurance test. Runners will take in all five boroughs of New York City on the 26.2 mile route. Complete coverage of the event is also available on the New York City Marathon’s app which can be downloaded here, and a full list of international broadcasters can be viewed here. Runners cross the Queensboro Bridge as they compete in the 2022 New York City Marathon. Meanwhile, Letesenbet Gidey is making her New York Marathon debut after she recorded the fastest ever women’s marathon debut last year.

Persons: Evans Chebet, “, Bill Rodgers, ”, Geoffrey Kamworor, Mosinet Geremew, Edward Cheserek, Yuki Iwamura, Peres Jepchirchir, Brigid Kosgei, Hellen Obiri, Letesenbet, Miller, Tony, Zdeno Chara, Steve Mesler Organizations: CNN, Central Park, ESPN2, ESPN3, New, Boston Marathon, Boston, NCAA, York City, Getty, New York Marathon, Former NHL, Olympic, Professional Wheelchair Locations: New York City, Staten Island, Brooklyn, Manhattan, Bronx, Harlem, Williamsburg, East Harlem, New York, York, AFP, Rwanda

☆ NYPD plan heightened marathon security, citing global tensions
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Rollers and paint are pictured after the New York Marathon ceremonial finish line painting in Central Park in the Manhattan borough of New York City, New York, U.S., November 3, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Local law enforcement will implement heightened security measures for Sunday's New York City Marathon due to a rise in tensions around the globe, officials said on Wednesday. "As tensions rise around the globe, there is a growing concern over the impact it will have here at home," said Caban. Police in New York City adopted a "heightened" security footing for Halloween this week, as other large U.S. cities were also on alert, a time of tension over the Israel-Palestinian conflict. City officials mounted a super-sized surveillance and law enforcement effort for the 2013 race, which took place months after the Boston Marathon bombings, while the 2016 edition also featured increased security.

Persons: Carlo Allegri, Edward Caban, Rebecca Weiner, Aleksandra Michalska, Amy Tennery Organizations: New York Marathon, REUTERS, Sunday's New, New York Police Department, Police, NYPD, Boston Marathon, Thomson Locations: Central Park, Manhattan, New York City , New York, U.S, Sunday's New York, New York City, Israel, New York

☆ China’s leaders speed towards Japanisation
▼ + stars: | 2023-10-20 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

LONDON, Oct 20 (Reuters Breakingviews) - China’s real estate market is in decline. The trouble is that China’s economic imbalances are far worse than Japan’s in 1990. Yet China’s GDP per capita has reached only half of Japan’s level in 1990. China’s economic misdirection is catalogued in Yasheng Huang’s “The Rise and Fall of the East”. After 1978 the authorities gave provincial governments substantial freedom to promote economic growth and rewarded them for meeting a growth target.

Persons: Xi, Xi Jinping, Huang, –, Xi’s, Beijing’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, Monetary Fund, South, Asian, IMF, Reuters Graphics Reuters, Bank for International, MIT Sloan School of Management, HK, Communist, Huawei, Washington, Thomson Locations: Marrakech, People’s Republic, China, South Korea, Japan, deflate, Tokyo, California, Beijing, Taiwan, Communist

REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsNEW YORK/CARACAS, Oct 19 (Reuters) - Venezuela's sovereign bonds rallied on Thursday, a day after the United States lifted its ban on secondary market trading of some of the country's eurobonds, with investors eyeing a debt restructuring on some $60 billion of defaulted debt. "Prices have almost doubled in the past 24 hours but are still well below the pre-sanctioned levels," said Edward Cowen, CEO of Winterbrook Capital, who has co-invested in a fund to buy Venezuelan debt. Cowen added that a return to Venezuela's regular weighting on global indexes like JPMorgan's would give the prices further support. "I think the market was caught by surprise as the ban on secondary trading of bonds was not expected to be removed this early in the negotiation," said Armando Armenta, senior economist for global economic research at AllianceBernstein. Small funds and investors outside the United States had looked to increase their exposure to Venezuelan bonds on the expectation of debt renegotiations.

Persons: Leonardo Fernandez Viloria, PDVSA, Edward Cowen, Cowen, Armando Armenta, Maria Corina Machado, Rodrigo Campos, Mayela, Marc Jones, Corina Rodriguez, Christina Fincher, Will Dunham Organizations: REUTERS, South, Winterbrook, U.S . Treasury Department, Petroleum, Venezuelan, U.S . State Department, Mayela Armas, Thomson Locations: Bolivar, Caracas, Venezuela, CARACAS, United States, South American, U.S, Venezuela's, Venezuelan, New York, London, Madrid

☆ Why an economic soft landing may prove elusive
▼ + stars: | 2023-10-13 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

His latest book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism”, won’t make him any friends in monetary policymaking circles. The Fed responded by reducing interest rates to zero and employing various tools to lower bond yields. These economic imbalances prevented central banks from returning interest rates to normal levels. Unless, that is, liberalising economic reforms are enacted that boost productivity and allow interest rates to rise. Bernard Conolly’s book, “You Always Hurt the One You Love: Central Banks and the Murder of Capitalism” was published in hardback in September.

Persons: Bernard Connolly, Connolly, won’t, they’ve, Michael Woodford, ”, Alan Greenspan, staved, Lehman, Edward Chancellor’s “, Bernard Conolly’s, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, European Monetary Union, European Commission, Banks, U.S . Federal, stoke, Lehman Brothers, Fed, Reuters Graphics, Treasury, Securities, Thomson Locations: U.S, United States, British, Europe, American, “, ”, disequilibrium, intertemporal, Central

☆ Contested statues must stay but with explanations, says Britain
▼ + stars: | 2023-10-04 | by ( Estelle Shirbon | ) www.reuters.com time to read: +3 min

Then prime minister Boris Johnson and other ministers denounced this as censorship of history while activists and some public figures said the glorification of such figures in public spaces had to end. The culture ministry's new guidance said custodians of contested statues and monuments should comply with the government's policy to "retain and explain". The guidance, which applies to structures in public spaces but not inside museums, said explanations could include alternative media and creative approaches, not just texts. The Conservatives say they are fighting a far-left agenda that seeks to denigrate Britain and its history. The controversies echoed debates in other countries, notably the United States where historic statues honouring leaders of Confederate States from the Civil War era have also been contested and removed.

Persons: Cecil Rhodes, George Floyd, Eddie Keogh, Boris Johnson, Lucy Frazer, Edward Colston, Robert Milligan, Estelle Shirbon, Gareth Jones Organizations: Oriel College, REUTERS, Conservative, Labour Party, Conservatives, Thomson Locations: Minneapolis, Oxford, Britain, Bristol, stoke, London, United States, Confederate

☆ The Life Cycle of New York Galleries
▼ + stars: | 2023-09-28 | by ( M.H. Miller | ) www.nytimes.com time to read: +10 min

The Life Cycle of New York Galleries What does being the center of the art world do to a neighborhood? BROOME STREET GRAND STREET WOOSTER STREET GREENE STREET MERCER STREET CROSBY STREET HOUSTON STREET CANAL STREET WEST BROADWAY BROADWAY LAFAYETTE STREET PRINCE STREET SPRING STREET opacity=0PRE-1950SIn the early 20th century, the area south of Houston, north of Canal, bounded roughly by West Broadway on one side and Lafayette/Centre Street on the other, was notorious for sweatshops and factory fires. Photo: Bob Adelman1968In 1968, a group called the SoHo Artists Association formed in order to help legalize loft living in manufacturing buildings. The reputations of these dealers helped cement the neighborhood as the center of the New York art world, though SoHo remained, in some ways, sparse. In 1996, the SoHo Grand Hotel opened on West Broadway (the Mercer would open the following year).

Persons: Edward Cavanagh Jr, Robert Moses, Bronx . Walter Albertin, Little Italy —, Jane Jacobs, Fred W, “, Chester Rapkin, Houston —, Allan Tannenbaum, Donald Judd, James Rosenquist, Julie Finch, Frank Stella, John Chamberlain, Claes Oldenburg, Bob Adelman, John Dominis, Paula Cooper, Alan Shields, Judd, Leo Castelli, André Emmerich, Ileana Sonnabend, John Weber, Sam Falk, Sol LeWitt, — Carol Goodden, Tina Girourard, Gordon Matta, Clark —, Sandra Zalman, ” Gordon Matta, Clark’s “ Matta Bones, Clark, Andrew Sarchiapone, Cooper, Moira Hodgson, Pepe Diniz, Peter Gabriel, Mick Jagger, Keith Haring, Tony Shafrazi, Martin Scorsese, — Brooke Alexander, Gruenebaum, Baskerville, Watson, Victoria Munroe, Witkin, ’, Larry Gagosian, Lee B, Ewing, Solomon R, Bill Cunningham, Moss, Mercer, Prada, Michael Moran, OTTO, Bloomingdale’s, Jeffrey Isaac Greenberg, Hauser & Wirth, Marc Payot Organizations: STREET WOOSTER, STREET, STREET CROSBY STREET, WEST BROADWAY BROADWAY LAFAYETTE STREET PRINCE, West Broadway, Cross, Bronx ., of Congress, Interim, Lower, Manhattan, Authority, City Club of New, Houston, Fairweather, James Rosenquist Foundation, ARS, SoHo Artists Association, Student, Broadway, New York Times, New, New York City Landmarks Preservation, Vox Media, New Museum, “, The Times, The New York Times, Guggenheim Museum, Guggenheim, Guggenheim SoHo, Voice, Women’s Action Coalition, Boys ’, Hauser &, Wooster, Adidas, Wirth’s, Hauser, Wirth Locations: Soho, Houston, Canal, Lafayette, Manhattan, Bronx, Hell’s, Little Italy, Lower Manhattan Expressway, City Club of New York, New York City, , New York, Vietnam, SoHo, York, , New York City , New York, Wooster, New York, French, Sixth, Prince, West Chelsea

BEIJING (AP) — China and Zambia upgraded their relationship to a comprehensive strategic cooperative partnership on Friday, the latest move by America's chief global rival to forge deeper ties with the Global South. Chinese President Xi Jinping and his Zambian counterpart announced the agreement shortly after Xi had exchanged cordial words with another visitor, the new prime minister of Cambodia. China has in turn won access to natural resources and diplomatic support from many Global South countries on contentious votes at the U.N. and from Cambodia in China’s territorial disputes with other Southeast Asian nations in the South China Sea. Cambodian Prime Minister Hun Manet made China his first official foreign visit after succeeding his father, Hun Sen, who ruled Cambodia for 40 years and cultivated his country's close relationship with China. Xi told Hun Manet that his father had made historic contributions to bilateral ties.

Persons: Xi Jinping, Xi, ” Xi, Hakainde Hichilema, Hichilema, Nicolás Maduro, ”, Edward Chan, South Africa —, Hun Manet, Hun Sen, Hun, Alfred Wu, National University of Singapore's Lee, “, Wanqing Chen Organizations: BEIJING, Global, Zambian, Australian National University, “, United Arab, Initiative, Cambodian, U.S, Ream Naval Base, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, Associated Press Locations: China, Zambia, Cambodia, Africa, Southeast Asia, Latin America, U.S, Zambian, Brazil, Russia, India, South Africa, Saudi Arabia, Iran, United Arab Emirates, Argentina, Egypt, Ethiopia, Afghanistan, South China, Cambodian, Beijing, ASEAN

☆ What is shadow banking? Unpacking the risks for China
▼ + stars: | 2023-09-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

China Photos | Getty Images News | Getty ImagesBEIJING — China's real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy. Shadow banking — a term coined in the U.S. in 2007 — refers to financial services offered outside the formal banking system, which is highly regulated. Estimates of the size of shadow banking in China vary widely, but range in the trillions of U.S. dollars. Shadow banking and real estateChina's property sector, an estimated one-fourth of the economy, lies at the intersection of shadow banking, local government finances and household assets. "These trust companies were basically part of the shadow banking system in China."

Persons: —, Logan Wright, Wright, Shimao, PwC, Edward Chan, Nomura Organizations: Getty, BEIJING, Developers, Logan Wright Center for Strategic, Center for Strategic, Studies, PricewaterhouseCoopers, CNBC, CSIS Locations: Shanghai, China, U.S

☆ A paralyzed woman couldn't speak for more than 20 years. With AI, now she can — just by thinking.
▼ + stars: | 2023-09-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A development in neurotechnology has given a stroke survivor her voice back after nearly 20 years. The woman had a brain stem stroke that left her paralyzed and unable to speak at age 30. Her new implant uses AI to decode brain signals and convert them to computerized speech. AdvertisementAdvertisementThe neurotechnology uses artificial intelligence to decode the woman's brain signals while she tries to speak. It's amazing I have lived this long; this study has allowed me to really live while I'm still alive!"

Persons: Ann Johnson, Johnson, hasn't, Dr, Edward Chang, Chang, Neuroengineering, didn't, I'm Organizations: Service, Nature, University of California San, University of California, of California San, UCSF, UCB, Austria's, Bio, German Research Foundation, United Nations Locations: neurotechnology, Wall, Silicon, University of California San Francisco, University of California Berkeley, of California San Francisco, UCSF, Austrian, United

"We think the situation is probably getting a little bit worse because of this Country Garden incident," Chan told CNBC in a phone interview Thursday. The debt troubles at Country Garden and the uncertainty of government support are feeding into broader unease in the Chinese housing market. Louise Loo Oxford EconomicsThe Chinese property sector has been reeling since 2020, when Beijing cracked down on the debt levels of mainland property developers. Chan said S&P's bear case for China's property sector is for 11 trillion yuan in sales this year, and 10 trillion yuan for 2024. Land sales divergenceAs China's property sector consolidates amid the debt and credit malaise, state-owned developers are better positioned to grow than non-state ones.

Persons: Edward Chan, Chan, Evergrande, Louise Loo, Global's Chan, That's, China's, Gary Ng Organizations: Future Publishing, CNBC, JPMorgan, Louise Loo Oxford, Oxford Economics, Natixis Corporate, Investment Banking Locations: Chengdong, Hai, City, East China's Jiangsu Province, China, U.S, China's, Beijing

What shocks the crowd is not the apparent self-mutilation, but rather the fact that he appears to come away unscathed. Then he returned to beating himself with his sledgehammer, studiously pounding every joint in his arm to the winces of onlookers. "It's all real, nothing fabricated," said Edward Carbonell, who watched Tomasen in awe. "I want to be remembered as someone who pushed the limits of what was possible," he said. Reporting by Anett Rios and Alexander Frometa; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Lino Tomasen, Mike Tyson, Tomasen, Edward Carbonell, Anett Rios, Alexander Frometa, Jonathan Oatis Organizations: Reuters, Thomson Locations: HAVANA, Havana, Cuban, Mexico City, Cuba

☆ MLB roundup: D-backs best Braves in 29-run game
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +11 min

Emmanuel Rivera homered and Ketel Marte had three hits and three RBIs for Arizona, which snapped a four-game losing streak. The D-backs prevailed in the wild contest despite the efforts of Atlanta's Austin Riley, who homered twice and had a career-high seven RBIs. Arizona tied the game at 13-13 with two outs in the eighth when Dominic Canzone delivered an RBI single for his first career hit. Jonathan India homered and fell just a triple shy of the cycle for the Reds, who lost their fifth straight game. Rockies 4, Astros 3Kris Bryant and Ryan McMahon hit consecutive home runs in the first inning and Colorado beat Houston in Denver.

Persons: Christian Walker, Brett Davis, Geraldo Perdomo, Emmanuel Rivera, Ketel Marte, Miguel Castro, Kevin Ginkel, Atlanta's Austin Riley, Orlando Arcia, Sean Murphy, Dominic Canzone, Perdomo, Raisel Iglesias, Marte, Alex Kirilloff, Bailey Ober, Edouard Julien, Kyle Farmer, Carlos Correa, Eugenio Suarez, Bryan Woo, Wilmer Flores, Flores, Monday's, Barry Bonds, Joey Votto, Jake Fraley, Will Benson, Christian Encarnacion, Strand, Joc Pederson, Pederson, Brett, Michael Conforto, Ian Gibaut, Tyler Rogers, Camilo Doval, Jonathan India, Ryan Noda, JJ Bleday, Luis Medina, Sam Long, Shintaro Fujinami, Sam Moll, Trevor May, Joe Jacques, Noda, Aledmys Diaz, Bleday, Patrick Wisdom's tiebreaking, Seiya Suzuki, Suzuki, Miguel Amaya, Mike Tauchman, Nico Hoerner, Miles Mastrobuoni, Lane Thomas, Corey Dickerson's, Francisco Alvarez, Brett Baty, DJ Stewart, Jeff McNeil, Tommy Pham, Francisco Lindor, Pete Alonso, Yasmani Grandal, Jake Burger, Tim Anderson, Josh Naylor, Josh Bell, Logan Allen, Amed Rosario, Myles Straw, Allen, Connor Joe, Mitch Keller, Kyle Schwarber, Bryson Stott, Schwarber, Julio Teheran's, Aaron Nola, Andruw Monasterio, Brice Turang, Mickey Moniak, Patrick Sandoval, Shohei Ohtani, Domino, Gleyber Torres, Juan Soto, Joe Musgrove, Manny Machado, Gary Sanchez, Trent Grisham, Musgrove, Bo Bichette, Alek Manoah, Jason Heyward, Michael Grove, Will Smith, Freddie Freeman, Aaron Hicks, Tyler Wells, Baltimore's, Nolan Arenado, Brendan Donovan, Louis, Jordan Montgomery, JoJo Romero, Edward Cabrera, Jon Berti, Dairon Blanco, Maikel Garcia, Edward Olivares, Spencer Torkelson, Javier Baez, Marcus Semien, Corey Seager, Nathan Eovaldi, Taj Bradley, Travis Jankowski, Randy Arozarena, Brandon Lowe, Kris Bryant, Ryan McMahon, McMahon, Fernando Abad, Justin Lawrence, Alex Bregman Organizations: Arizona Diamondbacks, Atlanta Braves, USA, Arizona, Mariners, Minnesota, Seattle, Twins, Giants, Reds, Cincinnati, San Francisco, Athletics, Red Sox, Oakland, Boston, Cubs, Nationals, Chicago, Pittsburgh Pirates, Washington, Mets, White Sox, New, Pirates, Cleveland pummeled, Guardians, Phillies, Brewers, Philadelphia, Milwaukee, Yankees, Padres, Blue Jays, Diego, Toronto, Dodgers, Orioles, Los Angeles, Baltimore, Marlins, Cardinals, Royals, Tigers, Kansas City outslugged, Rangers, Rays, Texas, Tampa Bay, Astros, Colorado, Houston, Rockies, Thomson Locations: Atlanta , Georgia, USA, Truist, Arizona, Seattle, Francisco, San Francisco, Medina, Washington, New York, Cleveland pummeled Pittsburgh, Angeles, Anaheim , Calif, Sandoval, St, Miami, Kansas City outslugged Detroit, Arlington , Texas, Semien, Denver

☆ Eric Adams Names Edward Caban as NYPD Commissioner
▼ + stars: | 2023-07-17 | by ( Erin Ailworth | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, eric, adams

Edward Caban, who grew up in the Bronx as the son of a Puerto Rican transit police detective, on Monday became the first Latino officer to lead the New York Police Department in its 177-year history. Mayor Eric Adams announced the appointment of Mr. Caban, who had been serving as acting police commissioner, in a morning news conference in front of the 40th Precinct in the South Bronx, where Mr. Caban began his career as a police officer in 1991. The move came just over a month after Commissioner Keechant Sewell, the first woman to serve in the role, resigned after only 18 months, frustrated in her attempts to act with autonomy. Mr. Caban, who had previously served as first deputy commissioner, had remained close to the mayor through Commissioner Sewell’s tenure. He will oversee roughly 36,000 officers and 19,000 civilian employees.

Persons: Edward Caban, Eric Adams, Caban, Keechant Sewell, Sewell’s Organizations: New York Police Department Locations: Bronx, Puerto Rican, South Bronx

☆ New York mayor names city's first Hispanic police commissioner
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

[1/3] New York City Mayor Eric Adams and First Deputy Commissioner Edward Caban stand outside the 40th precinct on the day Adams announces Caban as his choice to be the next New York City Police Department (NYPD) Commissioner, in the Bronx borough of New York City, New York, U.S., July 17, 2023.... Read moreJuly 17 (Reuters) - New York Mayor Eric Adams on Monday appointed Edward Caban as the city's police commissioner, making him the first Hispanic to hold the post in its 178-year history. Adams, himself a former New York City police captain, introduced Caban, 55, as the city's police commissioner during a news conference at a precinct house in the Bronx, the New York City borough where Caban started his career as a rookie police officer in 1991. Caban will head the largest police department in the United States, overseeing some 35,000 uniformed offices and 18,000 civilian employees. Caban has served as acting police commissioner since Keechant Sewell resigned last month after serving 18 months in the job. Reporting by Brendan O'Brien in ChicagoOur Standards: The Thomson Reuters Trust Principles.

Persons: Eric Adams, Edward Caban, Adams, Caban, Read, Keechant Sewell, Brendan O'Brien Organizations: New, New York City, New York City Police Department, NYPD, New York, Thomson Locations: New York, Bronx, New York City , New York, U.S, New, New York City, United States, Chicago

☆ New York City shootings: Gunman riding scooter kills 1, injures 3 in Queens and Brooklyn, NYPD says
▼ + stars: | 2023-07-08 | by ( Nic F. Anderson Artemis Moshtaghian Ashley R. Williams | Nic F. Anderson | Artemis Moshtaghian | ) edition.cnn.com time to read: +3 min

CNN —One person died and three others were wounded Saturday in a string of shootings in Brooklyn and Queens that New York police described as “random” in nature. A gunman riding an illegal scooter without a license plate opened fire at five different locations in Jamaica, a neighborhood in the Queens borough, and in Brooklyn, according to the New York Police Department. As he’s driving on his scooter, he’s randomly shooting people.”Shell casings appear at one of the crime scenes where four people were shot in separate shooting incidents in New York City on July 8, 2023. But numerous witnesses reported seeing a man riding a scooter “randomly firing at a group of people,” Kenny said. NYPDLess than a minute later, the suspect shot a 63-year-old man in his right shoulder, Kenny said.

Persons: ”, Joseph Kenny, he’s, Kyle Mazza, Kenny, ” Kenny, Edward Caban Organizations: CNN, New, New York Police Department, AP Police, Authorities, Police, NYPD Locations: Brooklyn, Queens, New York, Jamaica, New York City, New York . New York City

☆ UK could borrow a leaf from Canada’s mortgage book
▼ + stars: | 2023-07-07 | by ( Edward Chancellor | ) www.reuters.com time to read: +6 min

The amount of mortgage debt rose even more sharply. This would require lenders to fix total monthly payments – of both interest and principal – relative to the outstanding mortgage balance. When interest rates rise sharply, as is happening now, repayments might be less than the monthly interest bill. The amount of mortgage debt outstanding would then increase as unpaid interest is added to the principal – a situation known as “negative amortisation”. Since borrowers always hand over a proportion of their income, mortgage payments wouldn’t shrink when interest rates decline.

Persons: Irving Fisher, ”, “, Neal Hudson, Michael Gove, Patrick Macaskie, Victor Dodig, Edward Chancellor, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Bank of England, Office, National Statistics, Bank of, Fiscal Studies, Canadian Imperial Bank of Commerce, CIBC, Reuters Graphics, Thomson Locations: United Kingdom, ”, Britain, England, Bank of England, United States, Canada

☆ Shootings in New York Drop by a Quarter as Surge of Violence Eases
▼ + stars: | 2023-07-06 | by ( Hurubie Meko | ) www.nytimes.com time to read: 1 min

Shootings in New York City dropped by about 25 percent through the first half of this year compared with the same period last year, extending a downward trend after a spike in violent crime during the pandemic. The sharp drop, which mirrored similar decreases across the United States, came amid widespread fears about crime in the city, which officials have blamed for keeping workers and suburbanites cloistered in their homes. At a briefing on Thursday, Edward Caban, the acting police commissioner, said that shootings had declined for 13 consecutive weeks. The numbers were released at the beginning of summer, when violence historically rises, but he said he was “confident” that the department’s positive streak would continue in the summer. “From the beginning of this administration, we made the fight against gun violence our top priority.”

Persons: Edward Caban, Mr, Caban, “, ” Locations: New York City, United States

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