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The plot to topple Putin
  + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +32 min
But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.
Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, , Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia
But for few has its pursuit been more complicated than for the elite career women Byars strives to help. AdvertisementWhen she finally felt ready to go back to corporate life, she looked for a more sustainable way to pursue professional success. The issue with high-achieving women, Byars says, is they focus on meeting only two of those needs — security (money) and esteem — while neglecting the rest. When the clients cry, it's mostly related to the need Byars says is the trickiest to meet: esteem. But if you're a woman with four kids and a senior-level corporate job, is there really any amount of mindset shifting you can do to avoid burnout?
Persons: Erin, She's, I've, Erin needn't, They've, Kathleen Byars, Byars, Kate, there's, Mary Kay, Scott, , Ali, she's, that's, Erin interjects, Let's, I'm, They're, they're, she'll, Kiersten, We're, it's, It's, LeAnn Rimes, isn't, Erin's, strum, Aki Ito Organizations: Virgin, Goodlife Institute, CWU, Habitat, Humanity, BI, Business Locations: Nashville, I'm, Dallas, Chile, CWU, Byars
Toh Hong Keng/Henry Ahn Photo StudioHis family constantly checked on him, helping to dispel many waves of doubt. “The only reason why I decided to study medicine was because I wanted something useful to do,” he said. “If I can’t be a practicing doctor, at least I can look after myself somewhat,” he said. Feeling a little dejected, he got in touch with his family’s former domestic worker whose daughter recently graduated from medical school in the Philippines. A week later, in 2019 he packed his bags, found a small apartment on the island and started his medical school journey.
Persons: , Hong Keng, Toh, ” Toh, didn’t, flashcards, Toh Hong Keng, Henry Ahn, “ Sir Toh, Marvi Dulnuan, “ Mr Toh, , Hong, Atomic Leow Chuan Tse, Dr Howard Tucker, Tucker, he’ll Organizations: Hong Kong CNN, Southwestern University PHINMA, , Southwestern University, American Medical Association, University of Medicine, Pharmacy, Guinness World Records, University of Bradford, Association of American Medical Colleges, Private, Southwestern University for Toh Locations: Hong Kong, Malaysian, Cebu, Philippines, , Kyrgyzstan, Asia, 2019, United States, Romania, Europe, Cleveland , Ohio, Malaysia, Britain, London, jetting
Over the past year, Wall Street's largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. MS YTD mountain Morgan Stanley YTD AI use cases for key businesses Morgan Stanley was among the first on Wall Street to publicly embrace the technology, unveiling two AI assistants for financial advisors powered by OpenAI. Launched in September 2023, the AI @ Morgan Stanley Assistant gives advisors and their staff quick answers to questions regarding the market, investment recommendations, and various internal processes. If it does, that would be welcome news for shareholders after Morgan Stanley's wealth segment missed analysts' revenue expectations in the second quarter . However, As long as these costs don't outweigh return on investment (ROI), we're happy with Wells Fargo and Morgan Stanley's moves to innovate.
Persons: Goldman Sachs, Morgan Stanley, Wells, JPMorgan Chase — ramped, Jamie Dimon, Alexandra Mousavizadeh, OpenAI's ChatGPT, Jeff McMillan, Morgan, McMillan, It's, Morgan Stanley's, Evident's Mousavizadeh, Banks, Mousavizadeh, Tracy Kerrins, Morgan Stanley's McMillan, He's, Morgan Stanley's OpenAI, Teresa Heitsenrether, Jim Cramer's, Jim Cramer, Jim Organizations: Bank of America, JPMorgan, Citi, Microsoft, Nvidia, OpenAI, CNBC, Google, Deutsche Bank, BNP, Mistral, TD Bank Group, Big, Wall, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, Silicon, management's, Wells, New York
This summer, three generations of my family — from my grandmother to my mom and aunts down to me — got together at my grandmother's house to put on a two-day garage sale. We spent a lot of time organizing the garage sale togetherAll three generations of my family combined our things for the two-day garage sale, where we grouped items, laid them out on tables, and invited neighbors and passersby to peruse. The garage sale took massive organization between the family to pick a weekend and gather all the items together. Each family member could preshop the sale if one member got rid of something another wanted. It helped us connect with the community, give our items new life, and clear up space in our homes.
Persons: , Meredith Wilshere, Marie Kondo Organizations: Service, New Locations: New York City
I would never say I regret my college experience, but I will say that it's impacted how I think about my son's. There are benefits to taking a year before going to collegeWhen done the right way, a gap year can provide possibilities. That's a major part of why I like this idea for my son if he chooses to do it. And, like a lot of young people, he might move in a direction that none of us can see coming just yet. However, the potential for a gap year to instill more responsibility and confidence in my son seems to outweigh this particular con in my mind.
Persons: I'm, That's, He's, he's Organizations: Service
Sharawn Tipton is the chief people and culture officer at LiveRamp, a data-collaboration software-as-a-service company, overseeing human resources and culture across 1,400 employees globally. Instead of telling our team members not to use ChatGPT and putting all this governance around it, we want to hear how they are thinking about using it. We need to be open and honest with our team members about what this means for them. We need to be future-focused and bring team members along on that journey. What are the synergies there, and how do we utilize that to bring out the very best in our team members?
Persons: Sharawn Tipton, , I've, Tipton, we've, We're, we're Organizations: Service, BI, Group, National Society of Black Engineers, Women Locations: Oakland , California, LiveRamp
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —In travel news this week: the world’s best party spots, the city taking a stand against electric scooters, plus the story of how the world’s tallest bridge transformed a continent. Best nightlife citiesSun, sea and samba: Rio de Janeiro in Brazil has been declared the best place in the world to party right now, according to Time Out’s new survey of thousands of people worldwide. The best place to party in Europe, unsurprisingly, is Germany’s legendary clubbing capital Berlin.
Persons: Dolly Parton —, we’ve, Dolly Parton, you’ve, James Beard, Harry Styles, they’ve Organizations: CNN, Rio, , CNN CNN Travel, Wall Street Locations: Rio de Janeiro, Brazil, Manila, Philippines, Europe, Berlin, Melbourne, New Jersey, Monterey , California, California, Knoxville , Tennessee, Tennessee
This ascent is something scientists have been looking forward to for years, long before Perseverance landed on Mars. Turning back Martian timeThe impact that created Jezero Crater also generated a lot of heat, partly from the energy of the object that slammed into Mars. The crater rim site of Pico Turquino, as the hydrothermal rocks are called, provides another, different possibility. A panorama shows the area Perseverance will climb in the coming months to crest Jezero Crater’s rim. “For now, we’re just going to pursue our crater rim investigation.
Persons: , Thompson, Perseverance, Pico, Hazel Hill, Briony Horgan, , Horgan, Ken Farley, Pico Turquino, ” Farley, Farley, Steven Lee, ” Lee, ” Horgan, we’re Organizations: CNN, Jet Propulsion Laboratory, NASA, JPL, Caltech, University of Arizona, Purdue University, Mars, California Institute of Technology, ASU Locations: Pasadena , California, Mars, Dox, , West Lafayette , Indiana, Pico, Jezero
For many woman of color, particularly those who have run for office and been in the political spotlight, it’s a familiar challenge. In interviews and convention speeches, Black women leaders said the Harris campaign should continue to avoid engaging directly with personal attacks. This is another attempt by the media and the Harris campaign to deflect from Kamala Harris’ lack of having a complete policy agenda for the American people.”The Harris campaign has chosen not to engage. Gholar pointed to Harris’ campaign as an example. “She’s staying focused, she’s hitting back as needed, but she’s been extremely measured,” Stewart-Cousins said.
Persons: Kerry Washington, , , Kamala Harris ’, ” Washington, Washington, Harris ’, Amara, Leela Ajagu, Harris, it’s, Val Demings, , Michelle Obama, Donald Trump’s, Barack Obama wasn’t, ” Obama, Trump, “ Trump, Chris Sununu, ” Janiyah Thomas, “ Kamala Harris, they’ve, Jasmine Clark, ” A’shanti Gholar, Gholar, she’s, ” Gholar, ’ ” Andrea Stewart, Cousins, Shirley Chisholm, Hillary Clinton, “ She’s, ” Stewart, that’s Organizations: Chicago CNN, Democratic National Convention, Democratic, Florida US, Republican, , New, New Hampshire Republican, Union, Trump, CNN, New York Senate, New York Rep Locations: Florida, United States, New Hampshire, “ State, Georgia
“They are using food as a weapon,” a senior aid official told CNN. “No official travel authorization has been granted to humanitarian partners to implement activities outside of Sittwe township since November 2023,” a senior aid official told CNN. The UN aid officials made clear in their meetings, which have not been previously reported, that the status quo is unacceptable, the sources said. A World Food Programme (WFP) warehouse in Maungdaw was looted and burned in June, depriving that community of urgently needed food aid. A senior UN aid official in Myanmar blamed the funding shortfall in part on international apathy.
Persons: CNN — Khin Mar Cho, Soldiers, Byine Phyu, Khin Mar Cho, ” Khin Mar Cho, , , , Myint Kyaw, Sen, Min Aung, Mohammed, ” Mohammed, Shayna Bauchner, we’ve, OCHA, Sai Aung, Rakhine —, Ejaz, Jamila, Bangladesh Azim Khan Ronnie, Buthidaung, drenching, ” Jamila, ULA, ” Sajjad Mohammad Sajid Organizations: CNN, United Nations, Arakan Army, AA, UN, Myanmar’s Ministry of Information, AFP, Getty, Partners Relief, Development, Human Rights, ” Aid, SAC, Administration Council, Food, UN Office, Humanitarian Affairs, UN Security Council, European Union, Aid, Human Rights Watch, Solent, Myanmar, Development Coordination, United League of, Programme, Junta Locations: Myanmar, Byine, Rakhine, Sittwe, Rakhine State, Myanmar’s, Yangon, , Sai, AFP, China, Buthidaung, Bangladesh, Cox’s Bazar, Cox's Bazar, Bangladesh Tanbirul Miraj Ripon, Kutupalong, Tanbirul Miraj Ripon, Arakan, Maungdaw, ULA, Gaza, Ukraine
But the consequences — but the consequences of putting Donald Trump back in the White House are extremely serious. Just imagine Donald Trump with no guardrails, and how he would use the immense powers of the presidency of the United States. But Donald Trump believes a border deal would hurt his campaign, so he ordered his allies in Congress to kill the deal. Because, you know, they know — they know he is easy to manipulate with flattery and favors. They know Trump won’t hold autocrats accountable because he wants to be an autocrat himself.
Persons: Kamala Harris’s, Let’s, Doug, Cole, Ella, Dougie, Joe Biden, Joe, Tim Walz, Shyamala Harris, Donald Harris, Aretha, Coltrane, Miles, Kamala, Don’t, Shelton, Uncle Sherman, Aunt Mary, Uncle Freddie, Auntie Chris —, Family, , Maya, Michelle, Thurgood Marshall, Constance Baker Motley, Wanda, Kamala Harris, I’ve, Donald Trump, doesn’t, , miscarrying, Couples, John Lewis, Trump, Putin, Said, Zelensky, Biden, Kim Jong, let’s Organizations: Democratic, Mayflower, White, U.S . Capitol, Capitol, U.S, Supreme, Trump, Social Security, Affordable, of Education, Medicare, Congress, Republicans, NATO, Fellow Locations: America, India, California, Jamaica, , Illinois, Wisconsin, East, United States of America, Oakland, Calif, United States, China, Said Russia, Russia, Ukraine, Gaza, Israel, Iran, An America, American
Read previewMy vision in high school was to complete my college degree for free. I dedicated my time in high school to achieving my scholarship dreamIn my senior year in high school, I was selected for a full cost of attendance scholarship program. I did this all in the name of no student debt and a prestigious college experience. Related storiesHowever, I found that I had to give too much of myself to the scholarship program. I typically let feelings of guilt and obligation guide my decision-making, and I'm sure this affected my experiences in the scholarship program.
Persons: , I've, I'm Organizations: Service, Business, ACT
CNN —In a secluded part of Ecuador’s Amazon rainforest, river transport is far more common than road travel. “Since the (solar) boats arrived, families have been giving up these motors completely,” he added. Working at an Achuar-owned local business in a remote Amazon community, he saw firsthand the difficulties people had in accessing basic resources such as electricity and transportation. I realized that I wanted to help empower them to reach this goal.”Achuar technicians maintaining the solar boats. “The study came back very positive; the solar boats could work if powered correctly,” he said.
Persons: Kara Solar, , Angel Wasump, Kara Solar’s, Oliver Utne, Utne, I’d, , Kara, Begovic, “ We’d, Tapiatpia ”, Cheryl Martens, ” Kara, Nantu, “ It’s Organizations: CNN, MIT, — Escuela Superior, Universidad San Francisco, Quito —, Institute for Advanced, San Francisco University of Quito Locations: Ecuador, Peru, Quito, , Minnesota, Pastaza
So you think you got a 'shut-up ring'
  + stars: | 2024-08-14 | by ( Samantha Grindell | ) www.businessinsider.com   time to read: +8 min
AdvertisementWhen she did get to see her partner, Millington didn't feel the connection she hoped she would. AdvertisementThe 'shut-up ring'Shortly after they got married, Millington said she realized that her then-husband had not wanted to. AdvertisementTikTokers even coined a phrase for situations like Millington's: a shut-up ring. AdvertisementIf you think marriage can solve your problems with your partner, Millington said to remember that a real marriage isn't like the happily ever afters you see in movies. "If you don't have this strong ironclad foundational marriage, you're not going to be able to survive the tough things."
Persons: , Monica Millington, Millington, Millington didn't, you'll, Landis Bejar, AisleTalk, Bejar, Maria Korneeva, They're, We've Organizations: Service, Business, Getty, Work Locations: Millington
CNN —Traditionally, women considered “demure” behave in a way that is modest, reserved and inoffensive to the point that they’re barely visible. “That’s the joke!”The satire is clearest in a clip in which she asserts that she’s going to behave in a demure, mindful way while going out on the Las Vegas Strip. (The Lincoln Project also made its own “demure” video making fun of Vance and his appearance.) “One thing you need to learn about being demurity, about being demure –– being demure is being mindful, and being mindful includes your f**king self,” she says. Be mindful, be demure and don’t ever let no b*tch dull your shine.”
Persons: Lebron, , Marge Simpson, Patty, Selma, , who’s, she’ll, it’s, you’ve, She’s, Kamala Harris ’, Donald Trump, Ohio GOP Sen, JD Vance, Vance, dainty, “ Chase Organizations: CNN, , Texas, Las, Taco Bell, CVS Pharmacy, Lebron, Ohio GOP, Lincoln Locations: Ohio
CNN —Mohammad Abu Al Qumsan quivered and gasped in disbelief. His eyes glazed over before he fell limp in the courtyard of Al Aqsa Martyrs Hospital in central Gaza. Footage filmed by a freelance journalist working for CNN showed dozens of mourners crowded around Al Qumsan at Al Aqsa Hospital. In another scene, Al Qumsan can be seen kneeling beside the shrouded bodies of the deceased, before performing Islamic funeral prayers with rows of worshippers. At least 1,200 people were killed and more than 250 others abducted, according to Israeli authorities.
Persons: Mohammad Abu Al Qumsan quivered, , , – Aysal, Al Qumsan, ” Al Qumsan, Jumana, Israel, Gaza “, Salim Oweis Organizations: CNN, Al Aqsa Martyrs Hospital, Al Aqsa Hospital, Israel Defense Forces, Facebook, Hamas, Ministry of Health, UN, UNRWA, UNICEF Locations: Al Aqsa, Gaza, Palestinian, Deir al, Al, Israel, wastelands,
Algerian boxer Imane Khelif's sex became the subject of intense scrutiny at the 2024 Paris Olympics. Algerian boxer Imane Khelif's sex was the subject of intense scrutiny throughout the Games. Richard Pelham/Stringer/Getty ImagesAlgerian boxer Imane Khelif faced scrutiny throughout the Olympics due to the spread of misinformation about her sex. However, International Olympic Committee spokesman Mark Adams repeatedly defended Khalif and Yu-ting against the unspecified tests and the scrutiny facing the athletes. Khelif and Yu-ting went on to win gold medals in their respective weight classes.
Persons: Imane, Richard Pelham, Stringer, Imane Khelif, Italy's Angela Carini, Khelif, , Lin Yu, Mark Adams, Khalif, Adams Organizations: Getty, Khelif, International Boxing Association, IBA, Associated Press, Olympic, AP
Courtesy Marian IppelHer lawsuit names as defendants the Grace Christian Reformed Church of Grand Rapids and affiliates, including the Christian Reformed Church in North America, a Protestant Calvinist Christian denomination also based in Grand Rapids. The Grace Christian Reformed Church did not immediately respond to requests for comment. “Recovered memory cases are difficult because you may need corroborating evidence, particularly when a child is very young,” Cadigan, who is not associated with Ippel’s case, said. The Christian Reformed Church in North America said it was unaware of any other complaints against the deacon, but said it investigates claims when people come forward. Abuse awarenessThe Christian Reformed Church, which counts about 230,000 followers in North America, has known of a history of abuse within its member churches, according to the suit.
Persons: Marian Ippel, ” Ippel, ” Marian Ippel, Ippel, Lynne Cadigan, ” Cadigan, , Marian, Ippel’s, Marian’s, , wasn’t, Megan Bonanni, Larry Nassar, ” Bonanni, John Wixted, Wixted, James Hopper, Cadigan, they’re Organizations: Kent County Circuit, NBC News, Grace Christian Reformed Church, Christian Reformed Church, Catholic, , Abuse Prevention, Catholic Church, University of California Locations: Grand Rapids , Michigan, Kent County, Grand Rapids, North America, Arizona, Guinea, Michigan, Manhattan Beach , California, San Diego
Read previewAfghan Olympic cyclist Fariba Hashimi was 15 when she entered her first cycling race. Both Hashimi and her sister Yulduz just fulfilled a dream that seemed impossible — representing their country at the Paris 2024 Olympics, in defiance of Afghanistan's Taliban rulers. The Afghan government collapsed in the power vacuum the US withdrawal left behind, leading the Taliban to retake power for the first time since 2001. AdvertisementThe pair led the field in a 35-mile road cycling competition for Afghan women exiles in Switzerland in 2022. AdvertisementNow, Hashimi wants to continue cycling to send a message to the world about the strength of Afghan women — and to inspire all the sportswomen she left behind.
Persons: , Fariba Hashimi, Yulduz, Hashimi, Joe Biden, Alessandra Cappellotto Organizations: Service, Business, Olympics Locations: Kabul, Italian, Switzerland, Afghanistan
Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. After the massive withdrawal, the money continued to sit — in cash — in their closet for another three years. Noah, on the other hand, is comfortable with what they have and hesitant to spend any money beyond what they absolutely need to. "I think you have a dramatic miscalibration with what a lot of money means," Sethi told them. But sometimes you just need to take an honest look at the numbers," Sethi told her.
Persons: Christina, Noah, Ramit Sethi, Rich, Sethi, they're, Christina shouldn't
When a yearly mammogram showed something suspicious and turned out to be breast cancer, my world was instantly changed. AdvertisementThe emotional toll of cancer hit me hard; there were so many unknowns now. I had planned for retirement, but that goal no longer felt within my grasp. She explained how regaining control in life — even in small ways — can help alleviate some of the emotions I'm experiencing right now. Even though I'm unsure of the future, I'm working hard to become healthy and strong again.
Persons: , I'd, we'd, I'm Organizations: Service, Business Locations: Saratoga
Read previewI've always been a commitment phobe and was never interested in getting married. Getting pregnant changed how I felt about commitmentBy that point, Sam and I had been together for eight years. Courtesy of Melissa NobleWe've now been married almost 10 yearsAt the very end, it said, "You're the girl of my dreams. AdvertisementGetting pregnant changed my headspace about marriage and helped me think of the future differently. The formality of being married did make a difference, and almost 10 years on, we're still going strong.
Persons: , Sam, I'd, didn't, I've, Let's, Sam's, Port Phillip Bay, satchel, He'd, Melissa Noble's, Melissa Noble We've, we're Organizations: Service, Business Locations: Black Rock, Melbourne, Port Phillip, Gold
Doug, 68, has worked for the last 40 years as a computer consultant — the last three from his sailboat traversing Europe. They now live on their boat on the French Riviera, which Doug said is cheaper than living in the US. He decided to buy a sailboat and sailed to Fort Lauderdale shortly after 9/11, where Doug continued to work with Fortune 500 clients. Settling on the French RivieraThey sailed for France the following April, stopping in countries such as Malta and Tunisia. Six months later, they settled in Port Grimaud on the French Riviera, where they paid $15,000 a year in marina costs in "rent."
Persons: He's, Doug, he's, We'll, we're Organizations: Service, Business, Michelin, Fortune, America, Port Montenegro Locations: California , Texas , Indiana, Massachusetts, Provence, Italy, Boston, California, Dallas, Indianapolis, Maine, New England, Fort Lauderdale, Florida, Caribbean, Europe, South America, Genoa, Dubrovnik, Croatia, Corsica, France, Elba, Sardinia, Sicily, Bari, London, Istanbul, Vienna, Budapest, Hungary, Port, Tivat, Montenegro, Cairo, Athens, Greece, Malta, Tunisia, Port Grimaud, Grimaud, Saint, Majorca, Spain, Lisbon, Portugal, Beijing, Shanghai, Xian, China
It’s called a sector rotation, and it happens all the time as part of the natural course of a business cycle. The US economy is still pretty strong, growing at an annualized rate close to 3% in the most recent quarter. But it’s not as if Americans have stopped going to restaurants — they’re just being a bit more discerning when they do. Instead, they’re going to Texas Roadhouse, where they can sit down and have some service with their meal. Or they’re swinging through Chipotle, which saw sales shoot up 11% last quarter at stores open at least a year.
Persons: CNN Business ’, they’ve, that’s, it’s, they’re, , Mark Hoplamazian, Marriott’s, Disney, Hugh Johnston, — they’ve, Pete Werner, wouldn’t Organizations: CNN Business, New York CNN, Wall, Texas, Disney, CNN, Bloomberg Locations: New York, , Texas
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