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☆ The Full List of the 2023 James Beard Chef and Restaurant Award Winners
▼ + stars: | 2023-06-05 | by ( Julia Moskin | ) www.nytimes.com time to read: +1 min

The James Beard Foundation presented its coveted culinary awards for 2023 in Chicago on Monday night, with the top awards going to Rob Rubba of Oyster Oyster in Washington, D.C., as outstanding chef and to Friday Saturday Sunday in Philadelphia as outstanding restaurant. Reflecting the awards’ growing clout, Mayor Brandon Johnson of Chicago and Gov. J.B. Pritzker of Illinois appeared live onstage, and Secretary of State Antony Blinken, in a video, praised the soft power of culinary diplomacy, citing the Beard-award-winning chef Edward Lee’s Maryland crab cakes with gochujang vinaigrette, which were served at a recent state dinner. In some ways, the gala was the eye in a recent storm of controversies about the group’s process and priorities. After an internal audit, the awards process was retooled to reward not only culinary excellence, but equity, leadership, sustainability and community-building.

Persons: James Beard, Rob Rubba, Brandon Johnson, J.B . Pritzker, Antony Blinken, Beard, Edward Lee’s, gochujang Organizations: James, James Beard Foundation, Washington , D.C, Gov, Illinois Locations: Chicago, Washington ,, Philadelphia, Edward Lee’s Maryland

☆ University of Chicago Graduates: Go Forth and Argue - The New York Times
▼ + stars: | 2023-06-02 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

On Friday, I was the invited speaker for the Class Day Ceremony at the University of Chicago, my alma mater. Campus political groups issued a statement of protest and a few students walked out of the ceremony. To those of you who are protesting or planning a walkout, I thank you for not seriously disrupting my speech. And though I’m sorry you won’t hear me out, I completely respect your right to protest any speaker you dislike, including me, so long as you honor the Chicago Principles. It is one of the core liberties that all of us have a responsibility to uphold, protect and honor.

Persons: Bob Zimmer, John Boyer, charitably, — Organizations: University of Chicago Locations: Chicago

☆ Opinion | The New Climate Law Is Working. Clean Energy Investments Are Soaring.
▼ + stars: | 2023-05-30 | by ( Brian Deese | ) www.nytimes.com time to read: +4 min

The largest increase is projected to be in industrial and manufacturing activity for hydrogen, carbon capture, energy storage and critical minerals — areas key to long-term energy security. The law did not provide all the necessary tools to achieve national goals for expanding our supply of clean energy. First, lawmakers must make it easier to build clean energy infrastructure in America. The Federal Energy Regulatory Commission should more aggressively clear backlogs preventing clean energy projects from connecting to the grid. Policymakers should consider new incentives to expand energy capacity, like conditioning federal assistance to states and localities that reform land-use policies to allow clean energy development.

☆ Liam Hendriks returns to the mound after cancer battle
▼ + stars: | 2023-05-30 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Chicago White Sox pitcher Liam Hendriks returned to baseball on Monday night after a battle with cancer. I felt good, I felt strong, I felt comfortable out there. Finally, on Monday, the White Sox activated Hendriks from his injury rehabilitation assignment allowing him to return to Major League Baseball action. “Again, this is bigger than baseball, right?” White Sox manager Pedro Grifol said. And how good he was prior to [it] and how good he’s going to be afterward.

☆ MLB roundup: Rays win shootout, take series from Dodgers
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +12 min

Rays starter Josh Fleming allowed 10 runs (eight earned) on 12 hits, including five home runs, in six innings. Dylan Covey (0-1) retired only two batters in his first start since 2019 and was tagged for seven runs (five earned) on six hits. Darvish (3-4) allowed a season-high seven runs and seven hits in 2 2/3 innings. Gerrit Cole (6-0) allowed a homer to Jake Cronenworth two batters into the game and a two-run homer to Rougned Odor in the seventh. Alex Cobb (4-2) gave up a season-high seven runs on seven hits in four innings.

☆ Debt ceiling crisis: How a US default would ricochet around the world
▼ + stars: | 2023-05-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

But if it does, it could make the 2008 global financial crisis feel like a walk in the park. The consequences are frightful.”The belief that America’s government will pay its creditors on time underpins the smooth functioning of the global financial system. During the 2011 standoff over raising the US debt ceiling, the S&P 500 index of leading US shares plunged more than 15%. “It’s unclear in a Treasury default crisis whether the Fed could do enough even with the types of efforts it deployed in March 2020,” Obstfeld said. “A default would be a message to investors all around the world of eroding confidence in America,” he added.

☆ Premarket stocks: Will the debt ceiling debate finish the Fed's inflation fight?
▼ + stars: | 2023-05-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that. What’s happening: There are two policy options that the Fed can use to address elevated inflation. For the first quarter, Lowe’s said overall sales fell 5.5% to $22.3 billion. Home Depot missed on first quarter sales and lowered its outlook for the year after customers slowed their spending.

Persons: shouldn’t, ”, Laurence Ball, Edward Boehne, Jerome Powell, Ben Bernanke, Powell, Ball, there’s, Austan Goolsbee, “, Julian Brigden, Bernanke, ” Bernanke, Olivier Blanchard, Bryan Mena, Blanchard, David Goldman, Parija, Lowe’s Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Johns Hopkins University, ” Former Philadelphia Fed, Fed, Valley Bank, Signature Bank, Federal Reserve Bank of Chicago, Yahoo Finance, Partners, International Monetary Fund, Brookings Institution, Target, Walmart, Home Depot Locations: New York, ”, Washington ,, America, California

☆ This 15-mile, $6.7B bridge is a symbol of China’s ambitions, and its problems
▼ + stars: | 2023-05-23 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

The Greater Bay Area is home to 68 million people, covers 21,800 square miles and encompasses 11 cities: Hong Kong, Macao and nine others including Zhongshan and Shenzhen. The Shenzhen-Zhongshan bridge project features artificial islands and an undersea tunnel. That bridge connects the mainland Chinese city of Zhuhai with gambling hub Macao and leading financial center Hong Kong. An aerial view of the world's longest cross-sea bridge, the Hong Kong-Zhuhai-Macao Bridge, in Zhuhai city, south China's Guangdong province, 19 March 2019. The latest bridge would connect two mainland Chinese cities that were already under the same regulations, he pointed out.

☆ How to Avoid Work Burnout: Lessons From a Wall Street Rising Star
▼ + stars: | 2023-05-23 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +11 min

But despite all his professional success, Khe started to notice a nagging feeling that he wasn't playing the right game. "Success is like an addiction," Khe told me. When Khe told his closest confidants that he was unhappy and considering leaving BlackRock, they'd say things like "That's so risky" or "What about your daughter?" At BlackRock, Khe had job security, a seven-figure annual income, and a fancy job title. Simone Stozloff is an independent journalist, a consultant from San Francisco, and the author of "The Good Enough Job: Reclaiming Life from Work."

Most-active CBOT soybean futures shed 3.6% through May 16, and funds added gross shorts for a sixth consecutive week. That could mean money managers at Friday's close were net short soybean futures and options for the first time since April 2020. They have not held a net short for two or more consecutive weeks since March 2020. Money managers' all-time soybean net short of 168,835 futures and options contracts was set on May 14, 2019. CBOT wheat futures had been rallying mid-month due to uncertainty over the Black Sea grain deal, though Russia on Wednesday agreed to a two-month extension, allowing Ukraine to continue exports by sea.

☆ As debt ceiling negotiations go down to the wire, an economic disaster looms that could affect everything from student loans to mortgage payments
▼ + stars: | 2023-05-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The deadline for the US to come to an agreement on the debt ceiling is looming. A default on the national debt would result in economic catastrophe, but even uncertainty ahead of the deadline could trigger an economic downfall. The 2011 debt ceiling debate is an example of a near miss that ended up briefly tanking the economy. After months of heated disagreement, a compromise was reached by lawmakers to raise the debt ceiling and implement spending cuts. "2011 was a very different situation — we were in recovery mode from the global financial crisis," Kroszner told the Times.

☆ As Rahm Emanuel Pushes Japan on Gay Rights, Conservatives Bristle
▼ + stars: | 2023-05-21 | by ( Motoko Rich | ) www.nytimes.com time to read: +1 min

Since taking up his post as U.S. ambassador to Japan last year, Rahm Emanuel has lavished his host country with enthusiastic tweets about riding the world-class bullet trains and subways, hiking Mount Fuji or sampling local delicacies and festivals. But a recent string of messages about gay and transgender rights, culminating in a video Mr. Emanuel released on Twitter earlier this month, has drawn considerable ire among conservatives in Japan. Critics say the ambassador has overstepped the bounds of diplomacy and crossed into unwanted interference in domestic policy. As Japanese lawmakers debated a contentious bill declaring that there “should be no unfair discrimination” against the gay and transgender community, Mr. Emanuel marshaled a group of 15 foreign ambassadors in Tokyo to record a four-minute video nudging Japan to embrace L.G.B.T.Q. Japan is the only Group of 7 country that has not legalized same-sex unions.

☆ Uber is trying to sway Chicago's mayor and Illinois Democrats against a bill seeking to make rides safer for customers
▼ + stars: | 2023-05-19 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +7 min

An Illinois bill could hold companies like Uber and Lyft liable for harm done to passengers. Uber launched a "pressure campaign" to avoid liability for these incidents, the law group behind the bill said. JB Pritzker, it would eliminate an exemption in Illinois law that has protected ride-hailing companies since 2015. Salvi said Illinois exempted ride-hailing companies from the state's common-carrier civil-liability doctrine in 2015 to "allow them to come to market" and "give them an ability to compete." Moreover, the exemption has protected ride-hailing companies in even more extreme cases.

☆ Quantitative tightening: What happens when $2 trillion is sucked out of the global economy
▼ + stars: | 2023-05-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

“Quantitative tightening,” or QT, by top central banks will suck $2 trillion in liquidity out of the financial system over the next two years, according to a recent analysis by Fitch Ratings. Investors and banks calibrate their strategies to the amount of money in the financial system, he noted. Then, central banks started withdrawing liquidity from the financial system. Even worse, many banks have large holes on their balance sheets because central banks have simultaneously jacked up interest rates. While government debt levels have skyrocketed in recent years, the cost of servicing that debt has been tamped down by the willingness of central banks to buy large chunks of it.

☆ Watch Fed Chairman Jerome Powell speak live on monetary policy
▼ + stars: | 2023-05-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chairman Jerome Powell speaks Friday at the "Perspectives on Monetary Policy" panel at the Thomas Laubach Research Conference the central bank is hosting in Washington, D.C. The remarks come with markets suddenly divided on where the Fed goes from here. Market pricing Friday morning indicated about a 35% probability the Fed might approve another interest rate hike when it meets in June, according to the CME Group. The Fed next week will release minutes from its meeting earlier in May at which it approved its 10th interest rate hike since March 2022. Read more:Dallas Fed President Logan says current data doesn't justify pausing rate hikes yetFed Governor Philip Jefferson named as new vice chair to succeed Lael BrainardFed increases rates a quarter point and signals a potential end to hikes

☆ On ‘The Blog Era,’ Resurrecting Rap Media History
▼ + stars: | 2023-05-18 | by ( Reggie Ugwu | ) www.nytimes.com time to read: +1 min

In all, the Rosenthals conducted more than 150 interviews spanning more than 500 hours of raw tape. In a recent video interview, Jeff, 38, and Eric, 42, discussed corralling their subjects, memorializing digital culture and what caused the blog era’s demise. JEFF ROSENTHAL We’d been doing this weekly interview podcast, “A Waste of Time,” for five years, but when the pandemic happened we stopped pretty much immediately. It didn’t really make sense to have people coming over to our apartment to record. We think all of these places deserve monuments, so we wanted to make sure they were remembered in the right way.

☆ Oscar Mayer says goodbye to the historic Weinermobile. Next up: the Frankmobile.
▼ + stars: | 2023-05-18 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

This week Oscar Mayer renamed its Weinermobile. "This month, we are introducing a tasty new recipe with a more balanced flavor profile and iconic beefy taste that is more flavorful than ever," an Oscar Mayer spokesperson told Insider. The original model was 13 feet long and was designed by the General Body Company of Chicago, Oscar Mayer says. A view of the Oscar Mayer Wienermobile 75th anniversary at West 75th street in Manhattan. Photo by Rob Kim/Getty ImagesIn its current state, the Oscar Mayer initiative offers jobs to new college graduates to drive around the country and promote the brand.

☆ Robert E. Lucas Jr., Nobel-Winning Conservative Economist, Dies at 85
▼ + stars: | 2023-05-17 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died on Monday in Chicago. His death was announced by the University of Chicago, where he began teaching as a professor in 1975 and remained a professor emeritus until his death. The announcement did not cite a cause. In awarding the Nobel Memorial Prize in Economic Sciences in 1995 to Professor Lucas, the fifth winner in economics from the University of Chicago in six years, the Swedish Royal Academy of Sciences described him as “the economist who has had the greatest influence on macroeconomic research since 1970.”While he propounded a number of groundbreaking if sometimes controversial theories, Professor Lucas was best known for his hypothesis of “rational expectations,” advanced in the early 1970s in a critique of macroeconomics.

☆ Black taxpayers more likely to face audits, IRS confirms
▼ + stars: | 2023-05-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University, the University of Michigan, the U.S. Department of the Treasury and the University of Chicago found the IRS audits Black taxpayers about three to five times more than other Americans. Specifically, he vowed to examine algorithms for audits of filers claiming the earned income tax credit, or EITC, a tax break to low- to moderate-income workers. Werfel added: "I will stay laser-focused on this to ensure that we identify and implement changes prior to next tax filing season."

☆ Brandon Johnson is sworn in a Chicago's 57th Mayor
▼ + stars: | 2023-05-16 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBrandon Johnson is sworn in a Chicago's 57th MayorPostedBrandon Johnson was officially sworn in as the 57th mayor of Chicago, Illinois, the United States of America's third-largest city, on Monday (May 15).

Art of Craft is a series about specialists whose work rises to the level of art. The textile artist Bisa Butler was working in her studio in Jersey City, N.J., one day when her husband, John Butler, a D.J., played the song “The World Is Yours” by the hip-hop artist Nas. The song had a particular resonance for Ms. Butler and something clicked: “We can make of this world what we want,” she said. “Right now if you watch the news or read the wrong paper, or any paper, you can get depressed,” Ms. Butler said. Pieces in Ms. Butler’s new show are priced at six figures and up.

☆ Stock futures are little changed as traders await Tuesday debt ceiling negotiations: Live updates
▼ + stars: | 2023-05-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on April 10, 2023 in New York City. Futures tied to the S&P 500 slipped 0.05%, while Nasdaq 100 futures inched lower by 0.08%. Investors are anxiously awaiting progress on a deal to raise the debt ceiling before June 1, which is the earliest date the Treasury Department has said the U.S. could default on its debt obligations. Biden has so far maintained that raising the debt ceiling is non-negotiable. McCarthy, however, has pushed for talks to broker a deal to raise the debt ceiling be tied to spending cuts.

Some Chinatown residents benefited from the development boom, selling properties to developers or drawing more customers from increased foot traffic. Some residents have shown tentative support for the luxury buildings, saying they might make the neighborhood safer or bring in wealthier Asian residents who could boost Chinatown's economy. Manhattan Chinatown's housing stock is "really aged," which has led to costly fires, according to Thomas Yu, executive director of Asian Americans for Equality. Chinatowns and the pandemicMany debates surrounding luxury development and affordable housing were accelerated by the pandemic, which shuttered hundreds of businesses across Chinatowns. However, business owners who spoke with CNBC said Chinatown's businesses, though still recovering, are keeping the city's culture alive.

☆ How I went from working on cruise ships to taking more than 20 a year as a guest — and make a living doing it
▼ + stars: | 2023-05-13 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Next thing I know, I'm in a room with a bunch of Broadway types, performing on a cruise ship. From cruise crew member to cruise YouTuberI figured I'd get maybe 100 views on YouTube. In 2021, when the cruise ship industry was coming back, I started jumping on every ship that I could as a guest. I no longer work for any cruise companies and was able to go full-time with my YouTube channel in 2022. J. Alexander was working in entertainment when he started posting videos about what it was like to work on a cruise ship.

☆ Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
▼ + stars: | 2023-05-12 | by ( Susie Allen | Kellogg Insight | ) www.businessinsider.com time to read: +12 min

Using this insight, the researchers are able to successfully predict an individual's long-term success with just a small amount of information about that person's initial attempts. Indeed, in another recent study, Wang himself found that an early career setback often set up scientists for later success. In all three datasets, an individual's second-to-last attempt did tend have a higher probability of success than their very first effort. Rather, there's a singular learning threshold that separates eventual successes from the rest. "Thomas Edison said, 'people give up because they don't know how close they are to success,'" Wang explains.

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