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☆ Fed Officials Avoided a Victory Lap at July Meeting
▼ + stars: | 2023-08-16 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Federal Reserve officials welcomed a recent slowdown in inflation at their July meeting, minutes released on Wednesday showed, but they stopped short of declaring victory. Instead, officials stressed that inflation remained “unacceptably” high and “most” saw continued risks of higher inflation that might prod the central bank to raise interest rates further. Fed policymakers raised interest rates to a range of 5.25 to 5.5 percent on July 26, the highest since 2001. Officials have lifted borrowing costs sharply over the past 17 months — first adjusting them rapidly, and more recently at a slower pace — to slow the economy. Officials at the Fed meeting did welcome recent progress on slowing price increases, but many of them stopped short of signaling that it could prompt them to back down on their campaign to cool the economy.

Organizations: Federal

☆ Country Garden restructuring fears deepen China property concerns
▼ + stars: | 2023-08-11 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. The regulator also asked the property developers about their financing needs and sought suggestions, according to Cailianshe. China International Capital Corporation (CICC) has been hired as a financial adviser to Country Garden, the Yicai and Caixin reports said. Country Garden shares ended down 5.8% on Friday, having fallen as much as 14.4% during the day to a record low of HK$0.89. "It is likely to further weaken market sentiment and delay the recovery of China's property sector," it said.

Persons: Aly, Yicai, Cailianshe, CICC, John Lam, Clare Jim, Selena Li, Himani Sarkar, Jamie Freed, Raju Gopalakrishnan, Jane Merriman Organizations: Shanghai Country Garden, REUTERS, HK, China Evergrande, Sunac China Holdings, China's, Communist Party, China International Capital Corporation, Garden, UBS, China Aoyuan, Fantasia Holdings, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Hong Kong

☆ Country Garden shares hit record low on loss forecast, restructuring fears
▼ + stars: | 2023-08-11 | by ( Clare Jim | ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Country Garden declined to comment. Country Garden told Reuters this week that it had not been able to make $22 million of dollar coupon payments on time, though both have 30-day grace periods. The shares shed as much as 14.4% on Friday morning to a record low of HK$0.89 ($0.1139), having lost 38% of their value so far this week. Country Garden forecast the large first-half loss in filings on Thursday, and said that it would take measures to meet its debt obligations and fix operational issues to get the company back on track.

Persons: Aly, Yicai, CICC, Garden's, Clare Jim, Himani Sarkar, Jamie Freed Organizations: Shanghai Country Garden, REUTERS, HK, China International Capital Corporation, Garden, Reuters, China Evergrande, Sunac China Holdings, Communist Party, Industry, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong

☆ Analysis-Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. China’s property sector, which accounts for a quarter of the economy, has already seen a string of debt defaults by cash-squeezed developers since late 2021, with China Evergrande Group, the world’s most indebted property developer, at the centre of the crisis. Contagion fears in the market re-surfaced last month when four high-profile developers signalled liquidity stress amid slumping home sales nation-wide. Country Garden declined to comment on the investment bank reports. JP Morgan noted that if Country Garden still defaulted after policies aiming at boosting liquidity for developers, it would show that “there is no guarantee of survival”.

Persons: Aly, Dalian Wanda, Garden’s, ”, “, JP Morgan, Evergrande, ” JP Morgan, ” Morgan Stanley, Stephen Cheung Organizations: Reuters, Shanghai Country Garden, REUTERS, Garden, China Evergrande Group, Group, Greenland Holdings, Dalian Wanda Group, Dalian, HSBC, Communist Party Locations: HONG KONG, Shanghai, China, Greenland

☆ Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

☆ Analysis: Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

[1/2] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. China's property sector, which accounts for a quarter of the economy, has already seen a string of debt defaults by cash-squeezed developers since late 2021, with China Evergrande Group (3333.HK), the world's most indebted property developer, at the centre of the crisis. Contagion fears in the market re-surfaced last month when four high-profile developers signalled liquidity stress amid slumping home sales nation-wide. Country Garden declined to comment on the investment bank reports. JP Morgan noted that if Country Garden still defaulted after policies aiming at boosting liquidity for developers, it would show that "there is no guarantee of survival".

Persons: Aly, HONG KONG, Dalian Wanda, Garden's, JP Morgan, Evergrande, Morgan Stanley, Stephen Cheung, Clare Jim, Kevin Yao, Kim Coghill Organizations: Shanghai Country Garden, REUTERS, HK, Garden, Reuters, China Evergrande, Ocean Group, Greenland Holdings, Dalian Wanda Group, Dalian, HSBC, Communist Party, Thomson Locations: Shanghai, China, HK, Greenland, Beijing

☆ Seeking Love, With Help From the City Government
▼ + stars: | 2023-08-07 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: +1 min

The hotel ballroom was filled with pink balloons, the sound of love songs and 100 singles gathering for a night of wine, getting acquainted and — fingers crossed — romance. Before Mia Kim knew it, five hours had flown by at the mixer for 50 men and 50 women, held in a city just outside Seoul. A bar after-party then lasted until 1 a.m. But Ms. Kim, 37, who works at a software firm near Seoul, said the night still “felt too short.”Playing matchmaker was none other than the city government. The cities say the problem is that young people just do not want to get married — or have the babies that would follow in a country where only 2 percent of births are outside marriage.

Persons: Mia Kim, Kim, “, ” Locations: Seoul, South Korea

☆ Insight: BOJ makes bold shift as yen risks grow too big to ignore
▼ + stars: | 2023-08-03 | by ( Leika Kihara | ) www.reuters.com time to read: +9 min

The BOJ's decision shook markets on Friday and contrasted sharply with Ueda's more cautious comments in recent months about the dangers of retreating too quickly from accommodative Kuroda-era policies. "There's also a small but probable risk of inflation overshooting in Japan, which gave the BOJ reason to act." NEW PRIORITIESThe BOJ's policy decision last week signalled to investors that it would now allow the 10-year government bond yield to move closer to 1% before it intervenes. 'BIT BY BIT'The shift in thinking gained momentum at the BOJ's June policy meeting, but not enough to turn the tide. It was a test case, or a preliminary exercise, toward future policy normalisation," said former BOJ board member Takahide Kiuchi.

Persons: Issei Kato, Kazuo Ueda, Haruhiko Kuroda, Fumio, accommodative Kuroda, Ueda, YCC, There's, Hirokazu Matsuno, Seiji Adachi, Asahi Noguchi, Ryozo Himino, Shinichi Uchida, Uchida, Masato Kanda, Kanda, Takahide, Leika Kihara, Takaya Yamaguchi, Takahiko Wada, Kentaro Sugiyama, Yoshifumi, Sam Holmes Organizations: Bank of Japan, REUTERS, TOKYO, Bank, Ueda, Reuters, BIT, Asahi, Nikkei, Thomson Locations: Tokyo, Japan

☆ ‘Passages’ Review: A Toxic Ménage
▼ + stars: | 2023-08-03 | by ( Amy Nicholson | ) www.nytimes.com time to read: +1 min

The misery unfurls in a straight timeline of dramatic scenes that leap over the lived-in moments that make up a relationship. We only get fleeting seconds of Martin and Agathe without Tomas dominating the conversation, or lack of one, as he tends to mutely prod them into an extended sex scene. As a result, we barely know his partners at all. Agathe, in particular, might look powerful in Khadija Zeggaï’s striking costumes, but she’s so vaguely written that she barely seems to exist when Tomas isn’t in the room. Sachs frames one talk between the spouses with Tomas’s body eclipsing Martin’s until he’s invisible; the camera reflects how little Tomas sees his partners, too.

Persons: Martin, Agathe, Tomas, Tomas isn’t, Justin Bieber, Hailey, “, Sachs, Tomas can’t, we’ve

☆ Top North Carolina Republicans privately encouraged then-Democrat Tricia Cotham to run for the state House in 2022, a year before she switched parties and gave the GOP a veto-proof majority
▼ + stars: | 2023-07-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Two of North Carolina's top GOP leaders encouraged Tricia Cotham to run for office last year, per The Times. Cotham, from a family with deep Democratic roots, flipped to the GOP three months into her new term. And then Cotham in April made a decision that immediately transformed North Carolina politics, as she switched from the Democratic Party to the GOP, giving the latter party supermajorities in both the state House and state Senate. What was previously unknown until now was that top North Carolina Republicans — namely House Speaker Tim Moore and House Majority Leader John Bell — had encouraged Cotham to run for the seat last year, according to The Times. Jonathan Coby, Cotham's former campaign consultant, told The Times that Cotham was irate over her political predicament.

Persons: Tricia Cotham, Roy Cooper, Tricia Cotham mulled, Cotham, didn't, Tim Moore, John Bell —, Bell, Cooper, Jonathan Coby Organizations: GOP, Democratic Gov, Service, North Carolina House of Representatives, Democratic, New York Times, House Democratic, Democratic Party, North Carolina Republicans, The Times, Times, Republicans Locations: Carolina's, Wall, Silicon, Charlotte, North Carolina

☆ Georgia Gov. Brian Kemp, who rejected Trump's push to overturn the 2020 presidential results in his state, called Rudy Giuliani's admission of making false election claims 'very troubling'
▼ + stars: | 2023-07-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Brian Kemp steadfastly defended Georgia against claims of voter fraud after the 2020 election. Kemp, who rejected Trump's push to overturn Biden's Ga. win, dismissed Giuliani's claims in 2020. "Which is really troubling when you're trying to have secure, accessible, fair elections in the state," Kemp continued. "He doesn't know the Georgia Bureau of Investigation very well," Kemp said of Giuliani in December 2020. After the 2020 election, Trump continued to needle Kemp and Georgia Secretary of State Brad Raffensperger over their refusal to boost his false election claims and prod legislators to reverse the outcome.

Persons: Brian Kemp, Kemp, Giuliani's, Brian Kemp of Georgia, Rudy Giuliani's, Donald Trump, Kemp —, Joe Biden's, Georgia —, Sandra Parrish, Giuliani, Ruby Freeman, Shaye Moss, —, Trump, Fulton, Brad Raffensperger, Raffensperger Organizations: WSB Radio, Service, New, New York City, Farm Arena, Fulton County, Biden, Democratic, Trump, Georgia Bureau, Investigation Locations: Georgia, Wall, Silicon, New York, Fulton County, Atlanta, Fulton, Cobb County

The remarks came amid simmering market speculation that creeping inflation and robust wage growth will prod the Bank of Japan (BOJ) to tweak its yield control policy at a two-day rate review ending on Friday. Under the joint agreement with the government signed in 2013 and re-confirmed by the current administration, the BOJ pledges to achieve 2% inflation at the earliest date possible. The remarks differ in tone from those made earlier on Monday by top currency diplomat Masato Kanda, who said recent inflation and wage rises were overshooting expectations. On Friday, Kanda told Reuters that "various expectations and speculations are spreading about the possibility of some kind of tweak to monetary policy." Sources have told Reuters the BOJ is leaning toward keeping its yield control policy steady this week, though there is no consensus within the bank.

Persons: BOJ, Kanda, Yoshihiko Isozaki, Isozaki, Isozaki's, Masato Kanda, It's, Kazuo Ueda, Leika Kihara, Kantaro Komiya, Kim Coghill, Lincoln Organizations: Bank of Japan, Reuters, Thomson Locations: TOKYO

TOKYO, July 24 (Reuters) - Japan's top currency diplomat Masato Kanda said on Monday recent inflation and wage rises were overshooting expectations, suggesting companies were changing practices that had been based on the assumption prices won't rise much. The central bank is likely to revise up its inflation forecasts at its two-day policy meeting ending on Friday, Kanda told reporters, adding that he was not in a position to comment on specific monetary policy. "It's become a shared view at home and abroad that changes are seen in Japan's corporate price- and wage-setting behaviour," Kanda told reporters. "If you add up data available so far, we'll probably see an upgrade in the BOJ's (inflation) forecasts," he said. On Friday, Kanda told Reuters that "various expectations and speculations are spreading about the possibility of some kind of tweak to monetary policy."

Persons: Masato Kanda, Kanda, It's, we'll, Kazuo Ueda, Tetsushi Kajimoto, Leika Kihara, Kim Coghill, Lincoln Organizations: Bank of Japan, Reuters, Thomson Locations: TOKYO

☆ Medicare is barred from paying for weight-loss drugs like Wegovy. Lawmakers just took the first step to change that.
▼ + stars: | 2023-07-20 | by ( ) www.businessinsider.com time to read: +5 min

Medicare is barred under a 2003 law from paying for weight-loss medications like Wegovy. Lawmakers on Thursday reintroduced a bill that would expand Medicare coverage to the drugs. A major roadblock has long stood in the way of older Americans getting treatments for obesity: Medicare. But US lawmakers on Thursday took steps to broaden access to weight-loss treatment for seniors. Medicare coverage might prod other health insurers to pay for weight-loss medications, as private health plans tend to follow Medicare's lead.

Persons: Democratic Sen, Tom Carper, Carper, Republican Sen, Bill Cassidy, Raul Ruiz, Brad Wenstrup, Eli Lilly's Mounjaro, Wegovy, Eli Lilly, clamor, Chris Gallagher Organizations: Medicare, Democratic, Republican, California Democrat, Lawmakers, Nordisk's Wegovy, Vanderbilt University, Novo Nordisk, Wall Street Journal, Obesity, Coalition Locations: California, Ohio

☆ James Reston Jr., Author With a Hand in Nixon Apology, Dies at 82
▼ + stars: | 2023-07-19 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

James Reston Jr., an eclectic historian and novelist who helped the British television host David Frost prod former President Richard M. Nixon into admitting his complicity in the Watergate scandal and apologizing in a wrenching broadcast interview, died on Wednesday at his home in Chevy Chase, Md. The cause was pancreatic cancer, said his wife, Denise Leary. Mr. Reston, whose father was a renowned figure at The New York Times as a columnist, Washington bureau chief and executive editor, largely bypassed daily journalism to focus on timely and historical nonfiction and novels and adapting four of his books into plays. As a result, Mr. Reston was primed when Mr. Frost bought exclusive rights to interview Nixon after the president resigned in 1974 and recruited Mr. Reston as a researcher.

Persons: James Reston Jr, David Frost, Richard M, Nixon, Denise Leary, Reston, ”, Frost Organizations: The New York Times, Democratic Locations: British, Chevy Chase, Md, Washington, Whittier, Watergate, Reston

☆ 'Queer Eye for the Straight Guy' lives on, 20 years later
▼ + stars: | 2023-07-16 | by ( Dan Heching | ) edition.cnn.com time to read: +14 min

That was like queer eye for the straight guy!”Carson Kressley, left, in "Queer Eye For The Straight Guy." “And of course as luck would have it, ‘Queer Eye’ was our very first attempt at a reality show,” he added. It’s not that they’re bigger, they just became louder,” said Rob Eric, “Queer Eye” executive producer and longtime associate and friend of Collins and Williams. They’ve also enjoyed seeing the legacy they’ve created evolve and grow to new heights with Netflix’s gender-neutral and more succinctly titled “Queer Eye” – which wrapped its seventh season earlier this year. “The new ‘Queer Eye’ wouldn’t happen without these guys,” Collins said.

Persons: Guy ”, Ellen ”, Ellen DeGeneres, David Collins, QEFTSG ”, –, Carson Kressley, Jai Rodriquez, Thom Filicia, Ted Allen, Kyan Douglas, groomer, ” Rodriquez, Kressley, “, ‘, “ Gay ”, Michael Collins, ” Kressley, you’ve, Collins, Michael Williams –, ” Collins, ”, Michael, Shutterstock Collins, Williams, David, ” Williams, ’, Rodriguez, Filicia –, you’re, ” Rodriguez, ” Filicia, ‘ You’ve, we’re, Barbara Walters, “ I’m, Filicia, Anita Bryant, Rob Eric, We’ve, It’s, foodie Allen, Ted, ” What’s, They’ve, we’ve Organizations: CNN, Bravo, NBC Universal, Scout, Netflix, NBC Locations: Boston, Los Angeles

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Sleep Better at Every Age
▼ + stars: | 2023-07-07 | by ( Dani Blum | ) www.nytimes.com time to read: +47 min

Sleep training, the process of teaching babies how to soothe themselves at night and sleep independently, can start when infants are 3 to 4 months old. While sleep training can be taxing for everyone involved, it can lead to better sleep for the whole household. If your child is struggling to sleep through the night at this age, consider talking to a pediatrician about possible solutions. The problem: Insomnia can strike at any age: Around 20 percent of children have difficulty falling or staying asleep. Plus, the older we get, the harder it is to bounce back from a night of poor sleep, Dr. Roth said.

Persons: ”, Craig Canapari, Canapari, Naptime, Tell, “, aren’t, Roth, Dr, Shannon Sullivan, Sullivan, Indira Gurubhagavatula, we’re, Gurubhagavatula, You’re, doesn’t, you’re, Sabra Abbott, Aric Prather, It’s, you’ll, Perimenopause, Abbott, Prather, don’t, — Organizations: Yale University ., Stanford Medicine, Yale University, Penn Medicine, Feinberg School of Medicine, Northwestern University, University of California Locations: San Francisco, midlife, United States

"The tankan confirmed our view that Japan's economy is on track for a moderate recovery," said Atsushi Takeda, chief economist at Itochu Economic Research Institute. "While input prices have declined, output prices continue to rise in a sign companies are being able to pass on costs. Big manufacturers expect business conditions to improve three months ahead, while non-manufacturers project a deterioration on worries over high costs, the tankan showed. The tankan showed corporate inflation expectations moderate in June from three months ago, but remaining above the BOJ's target five years down the road. Companies expect inflation to hit 2.6% a year from now, down from a 2.8% projection made in March, and 2.2% in three years, also lower than 2.3% in March.

Persons: Atsushi Takeda, Kazuo Ueda, Leika Kihara, Shri Navaratnam Organizations: Big, Bank of Japan's, Itochu Economic Research Institute, Nikkei, Companies, Thomson Locations: TOKYO

☆ The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
▼ + stars: | 2023-06-26 | by ( Peter S. Goodman | Adriana Loureiro Fernandez | ) www.nytimes.com time to read: +1 min

and its most influential participant, the United States, also wanted something else: They were adamant that Chinese creditors restructure $545 million in debt — loans Suriname had used to build roads and housing. As scores of middle- and lower-income countries grapple with an intensifying debt crisis, assistance is often held up by conflict between traditionally dominant Western institutions and a significant rising player: China. Its financial institutions dispense loans accompanied by few demands, providing an alternative to the austerity prescribed by the I.M.F. and the Biden administration have balked at providing relief until Chinese financial institutions participate. Otherwise, they assert, Chinese lenders are free-riding on debt forgiveness extended by others.

Persons: —, Biden Organizations: International Monetary Fund, International Monetary Locations: Washington, Suriname, United States, China, Asia, Africa, Latin America

☆ The Marine Corps might not get a confirmed leader for first time in 164 years due to standoff with Republican senator
▼ + stars: | 2023-06-25 | by ( Rebecca Kheel | Konstantin Toropin | ) www.businessinsider.com time to read: +7 min

On July 10, the Marine Corps may be led an acting commandant for the first time in 164 years. A GOP senator is blocking the next commandant's confirmation over the Pentagon's abortion leave policy. The Justice Department has already conducted a legal analysis of the Pentagon policy. Smith, then commander of III Marine Expeditionary Force, at Marine Corps Air Station Iwakuni in September 2018. "It was a spirited discussion, and it took a long time," Kaine said about the committee's closed-door debate on the abortion policy.

Persons: —, David Berger, Jim Stenger, Military.com, Berger's, Eric Smith, Smith, Sen, Tommy Tuberville, Read, Stenger, Berger, Chip Somodevilla, Archibald Henderson, Tuberville, Andrew Jones, Joe Manchin, Joni Ernst, Tim Kaine, Kaine, Charles " C.Q, Brown, Mark Milley, James McConville, Mike Gilday, — Rebecca Kheel, — Konstantin Toropin Organizations: Marine Corps, GOP, Service, Corps, Defense Department, Senate, Senate Armed Services, Capitol, Armed Services Committee, stonewall, National Defense, Pentagon, Justice Department, Peace Corps, Marine Expeditionary Force, Marine Corps Air, Iwakuni, US Marine Corps, Andrew Jones Senators, Marines, Air Force, Joint Chiefs of Staff, Twitter Locations: Iowa, Smith

More than 30% of households on the Navajo reservation currently lack running water, according to the tribe. "The 1868 treaty reserved necessary water to accomplish the purpose of the Navajo Reservation," Kavanaugh wrote in the ruling. "But the treaty did not require the United States to take affirmative steps to secure water for the Tribe." Circuit Court of Appeals that had given a green light to the Navajo Nation's lawsuit against the U.S. Interior Department and others seeking to prod the government to develop a plan to secure water for the tribe.

Persons: Brett Kavanaugh, Neil Gorsuch, Kavanaugh, Gorsuch, Andrew Chung, John Kruzel, Will Dunham Organizations: WASHINGTON, U.S, Supreme, Conservative, U.S ., San, Circuit, U.S . Interior Department, of, Thomson Locations: Navajo, United States, U.S . Civil, Colorado, Arizona , New Mexico, Utah, San Francisco, Texas, New York, Washington

☆ Walmart reiterates goal of doubling international gross merchandise in five years
▼ + stars: | 2023-06-03 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville. Five years ago, Walmart International generated about $120 billion in GMV. Walmart's business model has evolved over the past few years, with a greater focus on omni-channel - a strategy that ties together its e-commerce business, delivery services, advertising and marketplace business. McKenna said Walmart's huge size and technological breadth will give it the leverage to scale this strategy more quickly. Walmart's omni-channel efforts have been a boon for the retailer as recession fears push more Americans to seek bargains in groceries.

Persons: Judith McKenna, Doug McMillon, McKenna, McMillon, Siddharth Cavale, Will Dunham Organizations: Walmart, Bentonville ., Walmart International, International Monetary, omni, Thomson Locations: BENTONVILLE , Arkansas, Mexico, India, Fayetteville , Arkansas, Bentonville, Brazil, Argentina, Japan, United Kingdom

☆ In the N.B.A. Playoffs, Flopping Is a Welcome Sideshow
▼ + stars: | 2023-06-01 | by ( Kurt Streeter | ) www.nytimes.com time to read: +1 min

playoffs, LeBron James got in on the act. The upstarts, upsets and dominance. The Miami Heat putting the kibosh on the comeback of comebacks in the Eastern Conference finals. Welcome to the National Basketball Floppers Association. In the 1970s, Red Auerbach, the Boston Celtics’s fabled and curmudgeonly leader, railed on national television against the “Hollywood acting” that was sullying the game.

Persons: LeBron James, Stephen Curry, Joel Embiid, Kyle Lowry, Nikola Jokic, Malik Monk, Flopping, Red Auerbach Organizations: Miami Heat, Eastern Conference, Sacramento Kings, National Basketball Floppers Association, Boston, Hollywood

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