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What Does Retirement Really Mean?
  + stars: | 2024-06-20 | by ( The New York Times | ) www.nytimes.com   time to read: 1 min
Some see it as a state of stillness. We asked readers to submit their stories of retirement, and almost 1,500 of you responded. The responses make it clear that retirement is not just one thing. It could be doing nothing, relishing quiet moments in the morning to linger over coffee or walk the dog without rushing. Some were frank about needing time to adjust, saying retirement felt like “jumping off a cliff.” For at least one responder, it has been “a black hole.”
Persons:
CNN —When people ask me how good of a player Willie Mays was, I give them a perhaps odd answer. You see, my Father watched Mays play when he came up as a rookie for the New York Giants in 1951. That short splice of film is our version of getting to see Mays play. Mays is a big reason why my Father was one of the few people who wore a New York Giants baseball cap throughout his later years. It’s a connection I try to carry on to this day whether it’s by wearing a New York Giants baseball hat on television or by answering “the New York Giants” when asked what baseball team I root for.
Persons: Willie Mays, Mays, , , Harry Enten, CNN Mays, ” –, Vic Wertz, Harry Hall, Neil Paine, Long, New York – Organizations: CNN, San Francisco Giants, New York Mets, Mets, of Fame, New York Giants, Giants, NL, Brooklyn Dodgers, National League, Cleveland Indians, AP, Chicago Cubs, Baseball, Major League, Negro League, MLB, Negro Leagues, Birmingham Black Barons Locations: Cleveland, New York, West Coast, Chicago, Mays, Mississippi, Bronx
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed among major economies. The figures assumes a SNB interest rate of 1.25% over the prediction period. Switzerland already has the second-lowest interest rate of the Group of Ten democracies by a wide margin, following Japan. It became the first major economy to cut interest rates back in late March and was earlier this month followed by the European Central Bank, and questions are now mounting over whether it will proceed with a third rate cut this year.
Persons: Kyle Chapman Organizations: Swiss National Bank, Reuters, Swiss, U.S ., Nomura, European Central Bank, Ballinger Group, U.S . Federal Reserve, Bank of England Locations: Zurich, Switzerland, Swiss, London, Japan
On Thursday in Atlanta, the Argentine national soccer team will kick off the 2024 edition of Copa América, South America’s biggest soccer championship, with a game against Canada. Fans around the world, but especially in Argentina, have been eagerly awaiting this day ever since their beloved squad, led by perhaps the greatest soccer player of all time, won the 2022 World Cup. But when Lionel Messi, the Argentine captain and superstar, takes the field at Mercedes-Benz Stadium with his teammates as the favorites to defend their 2021 Copa América title, a simmering sadness will follow him. Will this be the last time Mr. Messi, who turns 37 next week and said two years ago that it was his final World Cup, wears the blue and white Argentine uniform in a major tournament? Will this be the last time one of the most famous humans on Earth, who brought joy to many during unstable times in his homeland, represents his soccer-obsessed country?
Persons: Lionel Messi, Messi Organizations: Argentine national soccer, Copa, South America’s, Canada, Mercedes, Benz Locations: Atlanta, South, Argentina, Argentine
Sterling steady ahead of BoE decision; dollar wobbles against yen
  + stars: | 2024-06-20 | by ( ) www.cnbc.com   time to read: +3 min
The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Sterling last bought $1.2719 after having eked out a slight gain in the previous session, while the euro rose 0.03% to $1.0747. The dollar slipped 0.05% against the yen to 157.99, though the Japanese currency remained not too far from an over one-month low of 158.255 per dollar hit last week. The BoE is widely expected to keep rates steady on Thursday, and the focus will be on any guidance on how soon an easing cycle could begin.
Persons: BoE, Tony Sycamore, Rodrigo Catril Organizations: Bank of England, Sterling, Wednesday, IG, Swiss National Bank, Swiss, National Australia Bank, New Zealand Locations: United States, Switzerland, Norway, France
On Monday, Israel’s public broadcaster, Kan 11, added to the growing mountain of evidence that the country’s leadership could have – or, at the very least, should have – known an attack was possible. In December, State Comptroller Matanyahu Englman announced he would open an investigation into intelligence failures before the October 7 Hamas attack. Historically, Israel has had a public inquiry roughly every two years, he says, but not under its present and longest-serving leader. The most likely means of understanding the failures of October 7 was by dissecting it into smaller and more manageable issues, he said, like separating intelligence failures from those of operational doctrine. Major General Aharon Haliva, who was the commander of the IDF’s military intelligence, quietly announced in April that he would be stepping down.
Persons: Benjamin Netanyahu, , it’s, Netanyahu, Israel, Kan, Eyad Baba, , Matanyahu Englman, Englman, Raanan Sulitzeanu, Kenan, ” Sulitzeanu, , Sulitzeanu, Stringer, Yossi Fuchs, Yohanan Plesner, ” Plesner, I’m, Plesner, CNN’s Dana Bash, Aharon Haliva, Haliva, Avi Rosenfeld, Staff Gadi Eisenkot, Shin, ” Eisenkot Organizations: CNN, , Israel Defense Forces, Israeli Special Forces, Getty, New York Times, Office, IDF, Israel’s, Hebrew University, International Court of Justice, Israel Democracy Institute, Brig, Staff, Southern Command, Military Intelligence Directorate, Defense, Israel’s Channel Locations: Israel, foreseeing, Gaza, AFP, Jerusalem, Lebanese, Jebbain, Gali Baharav, Gaza .,
CNN —A dozen tourists have been banned for life from China’s Chengdu Research Base of Giant Panda Breeding for reportedly displaying bad behavior around the animals. A total of 12 people between the ages of 26 and 61 have been issued lifetime bans from the center, according to a post on the Research Base’s official WeChat account. The Research Base has not publicly identified any of the banned guests or their nationalities. The WeChat post explained that the tourists were not all together – the offenses took place between April and June of this year. The base, which is one of the most popular tourist attractions in Chengdu, has detailed visitor instructions on its website.
Persons: , Organizations: CNN, Chengdu Research Base, Research, Research Base, World Wildlife Fund Locations: Chengdu, , Sichuan, China
Remains of the oldest shipwreck ever discovered in deep water, and perhaps the oldest complete wreck in any water, have been located in the Mediterranean Sea about 56 miles off the coast of northern Israel. The Israel Antiquities Authority, which announced the find on Thursday, said that preliminary examination of two clay jars known as Canaanite amphorae indicated that the merchant vessel, an estimated 39 to 46 feet long, sank sometime between 1400 B.C. and 1300 B.C., an epoch when the Egyptian empire stretched from what is now northern Syria to Sudan, and the boy pharaoh Tutankhamun briefly sat on the throne. Whether the galley was the victim of a sudden storm, a wayward wind or attempted piracy is unclear. No spectacular new finds have surfaced since then.
Persons: Tutankhamun, Organizations: Israel Antiquities Authority, M University Locations: Israel, Syria, Sudan, Texas
CNN —President Joe Biden and former President Donald Trump are set for a historic showdown, with the stage now set for CNN’s June 27 presidential debate. The showdown will make history as the first debate between a sitting president and a former president. ET on Thursday, with Biden and Trump meeting the constitutional, ballot qualification and polling thresholds set by the network. Biden and Trump were the only candidates to meet those requirements. Debate rulesThe debate will include two commercial breaks, according to the network, and campaign staff may not interact with their candidate during that time.
Persons: Joe Biden, Donald Trump, Biden, Trump, Jake Tapper, Dana Bash Organizations: CNN, CNN’s, Democratic, Republican, Biden, Trump, Federal, ABC News, CBS News, Fox News, Marquette University Law School, Monmouth University, NBC News, The New York Times, Siena College, NPR, PBS, Marist College, Quinnipiac University, The, Street, The Washington Post Locations: Atlanta
One by one, each country with the money and the drive to compete started its own nuclear weapons program. Even with this kind of evidence in hand, science has reached only limited conclusions about how nuclear weapons testing affects individuals’ health. They helped create the 2021 Treaty on the Prohibition of Nuclear Weapons, signed by 93 countries, which bans the possession, use and testing of nuclear weapons. France has acknowledged its “debt” to Polynesians over nuclear testing, and it created a commission in 2010 to evaluate nuclear testing victim compensation claims, but it has never apologized. We are still wrestling with the damage wrought by testing nuclear weapons in our past.
Persons: , Ernest Moniz, Barack Obama, ” Mr, Moniz, Trump, Trump’s, Biden, United States ’, Republic of Kiribati —, we’re, Robert Oppenheimer’s, Oppenheimer, Ben Wyatt, King Juda, Harry Truman, Oppenheimer’s, Karina Lester, , Willard F, Libby, Louis, couldn’t, Merril Eisenbud, Hinamoeura, Britain —, , it’s, John Moody, Benetick Kabua Maddison, Maddison, Benetick, It’s, Vladimir Putin Organizations: Las, Washington, United States, Marshall, Embassy, D.C, Marshalls, U.S, Navy, United, Soviet Union, Britain, Atomic Energy Commission, St, Louis University, Washington University School of Dental Medicine, Bravo, U.S . Navy, Atomic Energy, Centers for Disease Control, Polynesia —, Nuclear Weapons, ., Pacific Mart, Educational, America Locations: U.S, Japan, United States, Russia, China, Nevada, Soviet Union, — Semipalatinsk, Kazakhstan, Reggane, Algeria, Montebello, Australia, Republic of Kiribati, Marshall Islands, Republic, Washington, Hiroshima, New Mexico, Las Vegas, Marshall, Hawaii, Philippines, Bikini, Atoll, Soviet, Africa, Polynesia, Xinjiang, The, Britain Britain, Britain, American, Kwajalein Atoll, France, France France, Tahiti, Nagasaki, Asia, Europe, India, Pakistan, North Korea, United, Kwajalein, Hawaii , California, Washington and Oregon, Arkansas, Springdale, you’re, Rhode Island, Moscow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPossible that the People's Bank of China deemphasizes MLF: Goldman Sachs economistHui Shan, chief China economist at Goldman Sachs, discusses the Chinese central bank's decision to keep a key policy interest rate unchanged and the outlook for its monetary policy.
Persons: Goldman Sachs, Hui Shan Organizations: People's Bank of China Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Economic Forum: Slow progress in the global energy transitionEspen Mehlum, head of energy transition intelligence at the World Economic Forum, discusses the key findings from its latest global energy transition report.
Persons: Espen Mehlum Organizations: Economic
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope’s carbon market works better than the U.S. Inflation Reduction Act, Goldman analyst saysMichele della Vigna, head of natural resources research in EMEA at Goldman Sachs, discusses the outlook for Europe’s decarbonization efforts and says "affordable" natural gas will provide a major opportunity for the region.
Persons: Goldman, Michele della Vigna, Goldman Sachs Organizations: Goldman Locations: U.S
Enterprise software customers are seeing their profits shrink from high interest rates and weakening consumer spending, which is reflected in cost-cutting initiatives such as shrinking software budgets. The best software stocks to buy in today's environmentAccording to UBS, the current software industry offers investment opportunities for cybersecurity and cloud infrastructure stocks. Cybersecurity is a promising growth area, with potential for rapidly increasing demand, UBS said. Demand for cloud infrastructure — the combination of hardware and software needed for cloud computing — is also increasing. Microsoft (MSFT) and Oracle (ORCL) are two cloud infrastructure providers whose respective products, Azure and Oracle Cloud Infrastructure, have performed well in 2024, in contrast to the lackluster returns of other software companies.
Persons: , Salesforce, hasn't, Marc Benioff Organizations: Service, Business, UBS, Enterprise, Microsoft, Oracle, Oracle Cloud Infrastructure
Read previewOpenAI cofounder and former chief scientist Ilya Sutskever announced his new venture on Wednesday — a research lab committed to developing "safe superintelligence." "I am starting a new company," Sutskever said of his new project, Safe Superintelligence Inc. (SSI) in an X post. I am starting a new company: https://t.co/BG3K3SI3A1 — Ilya Sutskever (@ilyasut) June 19, 2024According to SSI's website, the lab has "one goal and one product: a safe superintelligence." AdvertisementRepresentatives for Safe Superintelligence and OpenAI didn't immediately respond to requests for comment from BI sent outside regular business hours. Following Altman's return, Sutskever appeared to have been shut out of OpenAI, BI reported in December, citing people familiar with the situation.
Persons: , Ilya Sutskever, Sutskever, BG3K3SI3A1 — Ilya Sutskever, Daniel Gross, Daniel Levy, Ashlee Vance, Bloomberg's Vance, OpenAI didn't, Elon Musk, Sam Altman's, Altman, Altman's, OpenAI, splintering, Dario, Daniela Amodei Organizations: Service, Superintelligence Inc, Business, SSI, Apple, BI, OpenAI, Amazon, Google Locations: OpenAI
Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.
Persons: Adam Plowright, , Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, , Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, , Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe
Hong Kong CNN —The Philippines has accused China’s Coast Guard of launching a “brutal assault” with bladed weapons during a South China Sea clash earlier this week, a major escalation in a festering dispute that threatens to drag the United States into another global conflict. A Philippine Navy serviceman on the rubber boat lost his right thumb when the Chinese Coast Guard rammed it, Torres said. China’s Coast Guard also deployed tear gas, “blinding” strobe lights and continuously blared sirens, the AFP said. “The Chinese Coast Guard personnel had bladed weapons and our personnel fought with bare hands. This is the closest China’s Coast Guard has come to the BRP Sierra Madre, Koh noted.
Persons: Thomas Shoal, , ” Collin Koh, ” Koh, , , Alfonso Torres Jr, Torres, Romeo Brawner Jr, ” Brawner, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Matthew Miller, Enrique A, Antony Blinken, ” Derek Grossman, Koh, they’re, Thomas, Washington “, ” “ Organizations: Hong Kong CNN, Coast Guard, Chinese Foreign Ministry, Philippine, Rajaratnam, of International Studies, Philippine Navy, Armed Forces, Getty, Western Command, Chinese Coast Guard, China’s Coast Guard, Staff, Getty Images Mutual, South China, US State Department, Mutual Defense, RAND Corporation, China Coast Guard, Philippine personnel, Navy Special Operations Group, BRP, BRP Sierra Madre Locations: Hong Kong, Philippines, China, United States, Manila, Spratly, Philippine, Singapore, AFP, , China’s, South, States, US, Washington, South China, The Hague, Beijing, India, BRP Sierra, BRP Sierra Madre
The only way for almost all people in Gaza to escape the horrors of the war between Israel and Hamas is by leaving through neighboring Egypt. And that is usually a complicated and expensive ordeal, involving the payment of thousands of dollars to an Egyptian company that can get Palestinians on an approved travel list to cross the border. Confronting the company’s stiff fees, as well as the widespread hunger in Gaza where there is no end in sight to Israel’s military campaign, many Palestinians have resorted to trying to raise money with desperate appeals on digital platforms like GoFundMe. Dr. Salim Ghayyda, a pediatrician in northern Scotland, posted one such plea in January after his sister texted from Gaza to say that their father had suffered seizures.
Persons: Dr, Salim Ghayyda, texted Locations: Gaza, Israel, Egypt, Scotland
The European Union risks missing its 2030 climate goals, with Germany and Italy lagging behind. The two countries may have to spend €15 billion on carbon credits to comply with a climate law. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe European Union is at risk of missing its ambitious climate goals for 2030, and Germany and Italy are largely to blame.
Persons: Organizations: EU, Service, Business Locations: Germany, Italy
Traffic deaths have spiked in certain places around the world in recent years. Austria is trying to do something about it, recently passing a law to deter 'super speeders.' European countries tend to have stricter traffic rules and, as a result, safer roads. Like the US, Austria has seen a recent uptick in road deaths. The US has seen road deaths spike recently — in 2021, traffic fatalities hit a 16-year high, and in 2023, deaths were 13.6% higher than in 2019.
Persons: Organizations: Service Locations: Austria, Austrian
Last year was “another year of highs in our energy hungry world,” said Juliet Davenport, president of the Energy Institute. Overall, the proportion of fossil fuels in the 2023 global energy mix remained largely the same at 81.5%, down just 0.5% from the previous year. India’s fossil fuel consumption was up 8% last year and, for the first time ever, the country used more coal than Europe and North America, combined. Dhiraj Singh/Bloomberg/Getty ImagesIn China, fossil fuel use soared to a new record high in 2023, up by 6%, as the end of its extended Covid lockdowns led to a rebound in fossil fuels. Fossil fuel use in major advanced economies is likely to have peaked and is beginning to fall, it found.
Persons: , Sharma, Anthony Behar, SIPPL, , Juliet Davenport, Dhiraj Singh, lockdowns, Simon Varley, Dave Jones Organizations: CNN, Energy Institute, Getty, , US, Bloomberg, Resources, KPMG Locations: Mecca, Saudi Arabia, India, New Delhi, Queens, New York City, NY, Europe, North America, Visakhapatnam, Andhra Pradesh, China, Paris
Many NEETs are listless, struggling through tough economic times, living off loans, and losing hope of retirement or buying a house. Voluntarily idleSome Gen Zers struggle to find a job or stay in work or education, earning the nickname "disconnected youth." But some Zoomer and millennial NEETs are happy to wait out unemployment for the right career path. Advertisement"It reveals how much shame in guilt is built into our every day lives," Pitcher told BI of being a NEET. This gives him faith that things will be OK, he told BI.
Persons: , Zers, Louis, Morgan Pitcher, Pitcher, Leonie, Lukas, James Watts, Gen Zers, Watts, Laurie Cure, Darrin Murriner, Murriner Organizations: Service, International Labour Organization, Business, Gallup, St, Louis Federal Reserve's Institute for Economic Equity Locations: Vancouver
The leader of Hezbollah has vowed a fight with "no rules and with no red lines" if full-out war erupts between the Lebanese militant group and Israel, warning Cyprus against getting mired in the conflict. Lebanon and Israel have regularly traded cross-border fire since the start of the Jewish state's war against Palestinian militant group Hamas — which, like Hezbollah, is backed by Iran — in the Gaza Strip. The Hezbollah leader also threatened war against the Mediterranean island of Cyprus, if the European Union member permits Israel to launch military operations from its territory. Nasrallah accused Israel of "conducting maneuvers in preparation for the Lebanon war" in Cyprus, without disclosing his sources. In response to Nasrallah, Cyprus' President Nikos Christodoulides on Wednesday stressed that his country is not involved in the conflict and is, in fact, part of the solution, according to the Cyprus News Agency.
Persons: Iran —, Taleb Sami Abdullah, General Sayyed Hassan Nasrallah, Seth Frantzman, Nasrallah, Israel, Manar, Nikos Christodoulides Organizations: Palestinian, Hamas, Hezbollah, Foundation, Defense, Democracies, Associated Press, European Union, Cyprus News Agency, CNBC, Cypriot Ministry of Foreign Affairs Locations: Israel, Cyprus, Lebanon, Iran, Gaza, U.S, Cypriot
Workers at the construction site of resettlement housing in Huai 'an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets started the day mixed as investors awaited China's one- and five-year loan prime rates. The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%. Japan's Nikkei 225 and the broad-based Topix started the day with losses of 0.28% and 0.12%, respectively.
Persons: Huai, LPR, Korea's Kospi, Topix, Australia's Organizations: Getty, People's Bank of China, Nikkei, Reuters Locations: Jiangsu province, China, Asia, Pacific
Fans of the disgraced ex-congressman George Santos can now subscribe to him on OnlyFans. Santos announced his debut on the popular adult content creation platform on Wednesday. AdvertisementFormer Rep. George Santos has found a new way to monetize his infamy besides selling videos on Cameo. According to Santos' OnlyFans profile, a monthly subscription costs $29.99, while a three-month bundle will set his fans back $80.97. https://t.co/vYviMechYB — George Santos (@MrSantosNY) June 19, 2024But Santos was quick to downplay any expectations of him releasing racy snaps.
Persons: George Santos, Santos, , vYviMechYB — George Santos, Semafor, Marcia Kramer, It's Organizations: Service, Business, CBS
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