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☆ Meet the boomers cashing in on the golden age of retirement
▼ + stars: | 2024-06-29 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

AdvertisementAs the way we save for retirement has evolved, some people are now cashing in on the golden age for retirement savings — when benefits were more generous and investments in real estate and stocks boomed. While it's still possible to achieve, a fat retirement account has become rarer. AdvertisementBack in 2007, per GAO's calculations of the Survey of Consumer Finances, around 21% of low-income households had a retirement account balance. While losses weren't as profound for those in the middle-income quintile, their retirement account balances did fall slightly from 2007 to 2019. All of that comes as retirement savings become more of an individual onus.

Persons: —, Michael, Connie, didn't, frugality, it's, would've, David John, that's, John, Valerie, who's, Valerie —, hinging, she's Organizations: Service, Navy, Business, Social Security, Survey, Consumer Finances, GAO, AARP, Security, BI Locations: Florida, Denver, Oregon, Seattle

☆ Composting could be set for U.S. boom, and it needs one, decades behind recycling
▼ + stars: | 2024-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.

Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten

Users of collapsed bitcoin exchange Mt. At the height of its success, the platform was the largest spot bitcoin exchange in the world, claiming to handle around 80% of all global dollar trades for bitcoin. Gox creditors creates "downside risk" next month, though it would be short-lived. Gox creditors take place in July, [this] creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards," the analysts wrote. Gox creditors opted for in-kind reimbursement has to do with the tax implications.

Persons: Kiyoshi Ota, Gregory Greene, Greene, Bitcoin, Greene's, John Glover, Ledn, Glover, Gox, Alex Thorn, They'll, Roger Ver, Blockstream, Adam Back, Greg Maxwell, Bruce Fenton, Thorn, there's, There's, Luke Nolan, CoinShares, JPMorgan Organizations: Bloomberg, Getty, Mt, CNBC, bitcoin, Online, Galaxy Digital, Bitcoin, Barclays, JPMorgan Chase, Gox Locations: Gox, Illinois, bitcoin, Mt

☆ Bitcoin blues could extend into July but outlook for the second half is upbeat
▼ + stars: | 2024-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Bitcoin's blues could linger throughout July, but investors are still optimistic about the cryptocurrency in the second half of the year. July is usually a strong month for bitcoin, which has finished higher for the month in seven of the last 11 years, according to CoinGlass. "There are always other known potential sources of bitcoin supply from government for example, but it's always uncertain when that's coming to market. This week, the crypto market was startled when the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges, according to CryptoQuant. Marion Laboure, senior strategist at Deutsche Bank Research, said growing demand for crypto ETFs will help keep bitcoin's price "elevated" in the months ahead.

Persons: bitcoin, Zach Pandl, it's, JPMorgan's Nikolaos Panigirtzoglou, Pandl, Trump, Marion Laboure, 21Shares, Michael Bloom Organizations: Metrics, Federal, U.S ., Deutsche Bank Research, Solana Locations: U.S, Mt

☆ Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
▼ + stars: | 2024-06-29 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.

Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7

☆ Beryl strengthens into a hurricane in the Atlantic, forecast to become a major storm
▼ + stars: | 2024-06-29 | by ( ) www.cnbc.com time to read: +6 min

A major hurricane is considered Category 3 or higher, with winds of at least 111 mph (178 kph). Beryl also is the strongest June tropical storm on record that far east in the tropical Atlantic, according to Klotzbach. Beryl is the second named storm in what is predicted to be a busy hurricane season, from June 1 to November 30 in the Atlantic. He said one was the first hurricane of 1933, the most active hurricane season on record. An average Atlantic hurricane season produces 14 named storms, seven of them hurricanes and three major hurricanes.

Persons: Beryl, Philip Klotzbach, St, Vincent, Michael Lowry, Sabu Best, Tomer Burg, Brian McNoldy, Mia Mottley, Musku, Ralph Gonsalves, Storm Alberto, Lowry, Mark Spence, I'm Organizations: Barbados, Colorado State University, National Hurricane Center, University of Miami, South Africa, Grenadines, Cricket, Atmospheric Administration Locations: Caribbean, Barbados, Lucia, Grenada, St, Grenadines, Martinique, Dominica, Tobago, Florida, Jamaica, Mexico, Miami, India, South, Bridgetown, Pittsburgh, Trinidad and Tobago, Port, Spain, South Florida

☆ I became an orphan at age 12. Now, I run a summer camp for kids like me.
▼ + stars: | 2024-06-29 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

AdvertisementMy family fractured, but at summer camp I felt normalThat happened the day before I was set to start junior high. Kids don't process grief the way adults doFor years, I ruminated on the idea of a camp for bereaved kids. Comfort Zone Camp started in 1999 near my home in Virginia. AdvertisementThe acts might be a child singing for their mom, who loved music, or tossing a football with their friend because dad loved to play. The whole thing was so silly but meaningful — the exact recipe for helping kids process loss.

Persons: Lynne Hughes, I'd, Barbara Organizations: Service, Comfort, Business Locations: Michigan, Virginia

☆ Democrats have struggled to transfer power to younger generations. After Biden's debate, that's likely to change.
▼ + stars: | 2024-06-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter President Joe Biden's middling debate performance Thursday night, many Democrats began to panic. AdvertisementGenerational changeFor 20 years, Nancy Pelosi led House Democrats as part of a leadership team that included veteran lawmakers Steny Hoyer and Jim Clyburn. His debate performance against former President Donald Trump exposed this resistance to generational change. Many Democrats celebrated the arrival of this younger guard, especially since the party had often lagged behind Republicans in building a farm team of future leaders.

Persons: —, Joe Biden's, Biden, Nancy Pelosi, Steny Hoyer, Jim Clyburn, Hakeem Jeffries, Donald Trump, Jeffries, Katherine Clark, Pete Aguilar, Kamala Harris, Harris, Xers, Gen Organizations: Service, Business, Democratic, Democrats, House Democratic, House Democratic Caucus, White Locations: New York

☆ How Nathan’s Famous turned competitive eating into a national spectacle
▼ + stars: | 2024-06-29 | by ( Elise Hammond | Danielle Wiener-Bronner | ) edition.cnn.com time to read: +11 min

Each year, close to two million people watch Nathan’s hot dog eating contest on ESPN, according to the frankfurter brand. Boys participating in a pie eating contest at the 4-H Club fair in Cimarron, Kansas. At the time, PR mavens Max Rosey and Mortimer Matz thought a hot dog eating competition would drum up some publicity for Nathan’s. (They also seem to have made up the legend that the first Nathan’s contest was held in 1916). “We love the Nathan’s hot dog eating competition because we love how it brings the city together,” Fellman said, standing with a group of her friends, all wearing Nathan’s hot dog eating contest T-shirts.

Persons: Jacqueline Lewis, ” Lewis, franks, frankfurter, Joey Chestnut, Apuleius ’, ”, Jason Fagone, Fagone, “, ” Fagone, Corbis, Adrienne Bitar, Max Rosey, Mortimer Matz, Melody Andorfer, George, Richard Shea, George Shea, —, Shea, Rosey, ” George Shea, Henry S, Dziekan, it’s, ” Shea, ’ ” Shea, Takeru Kobayashi, Kobayashi, Kazutoyo Arai, Spencer Platt, ” Bitar, ” Kobayashi, Bitar, you’re, ’, Kena Betancur, ” Beatrice Fellman, ” Fellman, Bass Organizations: New, New York CNN, CNN, ESPN, Boys, Cornell University, “, Nathan’s, League, LA Times, Netflix Locations: New York, Coney Island, Coney, United States, Pennsylvania, Cimarron , Kansas, “, Long, New York City, Japan, Brooklyn , NY, America, Brooklyn, Kena

☆ These retail traders lost big in the first meme stock episode. Here's why they won't stop betting on GameStop.
▼ + stars: | 2024-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

GameStop stock is still the fascination of day traders, even after many saw big losses in 2021. The allure of striking it rich on the meme stock is too great to ignore, traders told BI. Business Insider spoke with retail traders, who asked to use only their first name for privacy, about how past losses are impacting their decision to go long GameStop again. Still, he couldn't help himself from scooping up more GameStop shares when the stock rocketed higher this year. Advertisement"I dabbled a little bit with this current uptrend, certainly nowhere near the levels I was putting in before.

Persons: they're, —, Keith Gill —, Dan, couldn't, Brian, I've Organizations: GameStop, Service, Business, lotto Locations: Reddit, Gill's, California

CNN —The United States has proposed new language to bridge gaps in discussions for a ceasefire and hostage deal between Israel and Hamas, a senior US administration official said Friday. But dashing hopes for a breakthrough, earlier this month Hamas responded to the Israeli proposal with further amendments. The US is pushing Egypt and Qatar to press Hamas to accept the change in language, according to Ravid. Jack Guez/AFP/Getty ImagesThe second phase of the proposal has been a source of disagreement in the months-long negotiation between Israel and Hamas. The total number of Palestinians killed in Gaza since Oct. 7 is now 37,834, while the number of injuries has risen to 86,858.

Persons: Joe Biden, Barak Ravid, Ravid, Benjamin Netanyahu, Jack Guez, Netanyahu, Israel’s, Fighting, Israel, Israeli Air Force “ Organizations: CNN, Hamas, US, Israel's, Getty, Israel Defense Forces, “ Troops, Israeli Air Force, Palestinian Ministry of Health Locations: United States, Israel, Gaza, Axios, Egypt, Qatar, AFP, Gaza City, Shujaiya

☆ The US housing market has entered bizarro world
▼ + stars: | 2024-06-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

The US housing market is distorting a core principal of economics: supply and demand. Home prices soared to record highs in May, even as existing home sales fell and supply of homes for sale jumped. AdvertisementThe US housing market has officially entered bizzaro world. The law of supply and demand is a basic principle of any free market, and right now, it's being subverted by strange happenings in the real estate market. "When it comes to the housing market, the laws of supply and demand don't seem to apply any longer," economist David Rosenberg said in a note this week.

Persons: David Rosenberg, —, it's Organizations: Service, Business

☆ The US has sent at least 14,000 of its massive, highly destructive 2,000-pound bombs to Israel since October 7, report says
▼ + stars: | 2024-06-29 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US has shipped at least 14,000 MK-84 2,000-pound bombs to Israel since the start of the war in Gaza in October, Reuters reported, citing two US officials briefed on an updated list of shipments. US support for IsraelThe US has also shipped 6,500 500-pound bombs, 3,000 Hellfire missiles, and other munitions to Israel since October 7, the two officials told Reuters. Domestically, Biden's support for Israel has become a contentious issue, particularly among young voters. AdvertisementBusiness Insider reported in May that Biden's reelection campaign was struggling to shore up support among those critical of his support for Israel.

Persons: —, Israel, John Chappell, Tom Karako, Biden, Netanyahu Organizations: Service, Reuters, New York Times, Business, Executive, Armaments, Ammunition, Munitions, US, Center for Civilians, CNN, Israel, Hellfire, Center for Strategic, International Studies, Biden, Israel Defense Forces, IDF, Pentagon Locations: Israel, Gaza, United States

This story is available exclusively to Business Insider subscribers. AdvertisementWhile this data was limited to fast-food chains, the trend extends to casual-dining burger chains like Chili's and Applebee's. We've already tried the Big Smasher, but we wanted to see how the other burgers on Chili's menu fared in terms of taste and value. Business Insider coordinated with Chili's Grill & Bar to organize this taste test at our local restaurant, but BI paid for the meal, and the chain had no influence on our ranking. AdvertisementHere's every Chili's burger, ranked from worst to best.

Persons: —, Chili's, Kevin Hochman, Big, We've Organizations: Service, Triple, Business, Brinker International, Big Mac, Restaurant Business, Chili's

☆ Here’s what it means when a company like Boeing faces criminal charges
▼ + stars: | 2024-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. Earlier criminal settlement now at riskThe potential charges hanging over Boeing currently revolve around that January 2021 deferred prosecution agreement. They have argued Boeing should face new criminal charges and pay a fine as great as $24.9 billion. In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Arlen said it is common for smaller companies to be forced out of business by criminal charges and the penalties that follow.

Persons: ”, Jennifer Arlen, Arlen, Lindsey Wasson, ” Arlen, “, Max, David Burns, Mark Forkner, Eduardo Soteras, Arthur Andersen Organizations: New, New York CNN, Justice Department, Boeing, Dow Jones, New York University, Control, Max, Federal Aviation Administration, FAA, Alaska Airlines Flight, NTSB, Getty, Alaska Airlines, Prosecutors, CNN, Oil, BP, US Environmental Protection Agency, Ethiopian Airlines Locations: New York, China, Renton , Washington, Alaska, AFP

☆ A school told its staff to wear something from the back of their closet, so 2 teachers dug out their wedding dresses
▼ + stars: | 2024-06-29 | by ( Skylar Celeste Boone | ) www.businessinsider.com time to read: +6 min

So Loreal Hemenway and Stephanie Osmundson, two elementary school art teachers in Henderson, Nevada, found a creative way to use their wedding dresses again. While some of their colleagues wore old Letterman jackets and sports jerseys, "the idea came to mind that we should dig truly to the backends of our closet and wear our wedding gowns to school," Hemenway told Business Insider. Loreal Hemenway and her husband, Keith Hemenway, as she tried on her wedding dress for the dress up. AdvertisementStephanie Osmundson and her husband on their wedding day. Reusing and preserving a costly itemAccording to The Knot Real Weddings Study, which surveyed nearly 10,000 US couples who got married last year, the average wedding dress cost in 2023 was about $2,000.

Persons: —, Loreal Hemenway, Stephanie Osmundson, Letterman, Hemenway, who've, we're, Osmundson, Keith Hemenway, Loreal, Jaclyn Raymond Organizations: Service, Business Locations: Henderson , Nevada

☆ Protesters and police clash as Germany’s far-right AfD begin conference
▼ + stars: | 2024-06-29 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Protesters have clashed with police as a conference of Germany’s far-right Alternative for Germany (AfD) party got underway in the western city of Essen on Saturday. Police scuffle with protesters who block access near the venue where AfD delegates are holding a conference. According to the organization, around 7,000 Widersetzen protesters were on the streets of Essen on Saturday morning, with more expected in the afternoon. In May, prominent AfD politician Maximilian Krah drew condemnation after suggesting not all members of the Nazi SS were criminals. Krah also caused friction within his party, with the AfD saying his statements had caused “massive damage” to their election campaign.

Persons: ”, Christian Mang, Widersetzen, Maximilian Krah, Krah Organizations: CNN — Protesters, Police, Reuters, Christian Democratic Union, CDU, Nazi SS Locations: Germany, Essen, ” Essen

☆ Opinion | Forget Defeating Trump. Biden Needs to Spare the Country Four More Years of Himself.
▼ + stars: | 2024-06-29 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Biden must step aside, the argument will go, because he’s going to lose the election and only a different Democrat can save the country from Trumpian misrule. This is a necessary argument for its intended audiences: Americans who fear Trump above all else and a Democratic Party motivated by partisan self-interest. It is definitely true that if you believe America needs to be saved from Trumpism 2.0, continuing with Biden is a grave dereliction. But it’s also important, especially for those of us who are not Democratic partisans, to emphasize that declining to nominate Biden is essential not just if you hope to avert a second Trump term. It’s essential if you want to protect the country from a second Biden term — from the ways that his obvious deterioration endangers the country that he nominally leads.

Persons: Biden, Donald Trump, Trump, Kamala Harris, it’s, Barack Obama, Nancy Pelosi, Jill Biden Organizations: Democratic, Democratic Party, Trump, Biden Locations: Trumpian

☆ Airlines got too confident, and now they are paying the price despite record-breaking travel
▼ + stars: | 2024-06-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.

Persons: —, Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, —, Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United

☆ Panama court acquits 28 implicated in Panama Papers and Operation Car Wash scandals
▼ + stars: | 2024-06-29 | by ( Catherine Nicholls | Cnne Staff | ) edition.cnn.com time to read: +1 min

CNN —A Panamanian court has acquitted 28 people charged with money laundering in cases linked to the Panama Papers and Operation Car Wash scandals. The Panama Papers were a group of over 11 million leaked documents that were published by the International Consortium of Investigative Journalists (ICIJ) in 2016. The papers referenced 12 current or former world leaders, as well as 128 other politicians and public officials. Operation Car Wash was a money laundering investigation into Petrobras, Brazil’s state-run oil company. Those acquitted from the Operation Car Wash case were discharged because the income of money from illicit sources could not be demonstrated, the statement said.

Persons: CNN —, Judge Baloísa Marquínez, Vladimir Putin, ”, Gerard Ryle, “, ” Ryle Organizations: CNN, Panamanian, International Consortium of Investigative Journalists, United States, Petrobras Locations: Panama, United, Brazil’s

☆ Euro 2024 day 16 – Lightning stops play, Italy’s coach goes backwards, five cruel minutes
▼ + stars: | 2024-06-29 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +9 min

Lightning stops playAfter several days of hot weather, the skies above Dortmund’s Signal Iduna Park had been gathering throughout the evening. Thunder and lightning could be heard from afar, with the rain arriving after 32 minutes of Germany’s last-16 game against Denmark. Soon after, lightning flashes could be seen from inside the stadium, with two to three ear-splitting cracks of thunder. The suspension lasted for around 24 minutes — with preparations to restart occurring as soon as the lighting had moved out of the area. Players reemerged from their changing rooms five minutes before the resumption, and waited momentarily for groundstaff to test the pitch.

Persons: Michael Oliver, Oliver, Alex Gottschalk, Bjorn Kuipers, Alex Livesey, Jonathan Richter, Jacob Whitehead Italy, Spalletti’s, Luciano Spalletti didn’t, Spalletti, “, That’s, I’ll, ”, Masashi Hara, Italy haven’t, Strikers Gianluca Scamacca, Mateo Retegui, Giacomo Raspadori, ” Spalletti, “ It’s, Gabriele Gravina, James Horncastle, Joachim Andersen, Manuel Neuer, Christian Eriksen’s, Andersen, Thomas Delaney, Robert Andrich, David Raum’s, Kai Havertz, Kasper Schmeichel, Musiala, What’s Organizations: England, Denmark, UEFA, Getty, FC Nordsjaelland, Major League Soccer, International Broadcasting Centre, Fiat, Croatia, Albania, Strikers, Spain, Italian Football, Georgia Locations: Slovakia, Denmark, Switzerland, Italy, Germany, Turkey, Ukraine, France, England, Sweden, Danish, Real Salt, LAFC, Utah, —, ignominy, Korea, Macedonia, Gelsenkirchen, Iserlohn, Gelsenkirchen . Debutants Georgia, Portugal, Spain

☆ Orlando Cepeda, baseball Hall of Famer, dies at age 86
▼ + stars: | 2024-06-29 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +4 min

CNN —Baseball Hall of Famer Orlando Cepeda has died at age 86, his family announced via the San Francisco Giants on Friday. Cepeda made his major league debut with the Giants in 1958 – the year they moved from New York to San Francisco. Orlando Cepeda, then a player for the Atlanta Braves, poses for a photo in 1970. APCepeda is one of only two players in National League history to win both Rookie of the Year and MVP honors, unanimously. St. Louis Cardinals' Orlando Cepeda scores in the eighth inning of a baseball game as New York Mets catcher J.C. Martin, right, and umpire Tim McCarver, left, watch at Shea Stadium in New York in 1968.

Persons: CNN — Baseball Hall of Famer Orlando Cepeda, “, Orlando, Nydia, Cepeda, Bull, ” Cepeda, Willie Mays, Greg Johnson, “ Orlando, Orlando Cepeda, Hall of Famer Joe Torre, J.C, Martin, Tim McCarver, Roberto Clemente, Bob Melvin, it’s, ” Organizations: CNN — Baseball Hall of Famer, San Francisco Giants, Giants, Los Angeles Dodgers, Oracle, St, Louis Cardinals, National League, National Baseball Hall of Fame, ” Giants, Cardinals, Atlanta Braves, Hall of Famer, Braves, Puerto Rican, Boston Red Sox, Kansas City Royals, Famer, New York Mets, Shea, Baseball Hall of Fame, Veterans Committee, MLB, The Giants Locations: New York, San Francisco, Puerto Rico, St, Puerto Rican, Willie

Then, in 2008, the California Supreme Court legalized same-sex marriage, and we were legally married in our home state. Prop 8 passed in November 2008, making same-sex marriage once again illegal in California. In 2015, the U.S. Supreme Court legalized same-sex marriage nationally, and that's when my wife and I started to truly reap the benefits of marriage. Owning property togetherWhen we bought our condo in 2004, we weren't legally married, so we couldn't just let the title company take care of the deed. Freedom from financial fearAfter the decision to legalize same-sex marriage in 2015, I felt like a full citizen for the first time.

Persons: —, It's, that's, doesn't Organizations: Service, California Supreme, U.S, Supreme, Social Security Locations: California

☆ Israel has never been impressed with its version of the $1 billion Patriot air defense system. Now it could offload up to 8 to Ukraine.
▼ + stars: | 2024-06-29 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

It would be a welcome moment for Ukraine, which has long coveted more of the $1 billion US-manufactured Patriot systems. "Israel's Patriots would greatly expand Ukraine's air defense capacity at a time when it is sorely needed," John Hardie, the Deputy Director of the Foundation for Defense of Democracies Russia Program, said. Zelenskyy's Patriot pleasUkrainian President Volodymyr Zelenskyy has never been shy about his desire to get his hands on more Patriot systems. AdvertisementIn April, Zelenskyy told NATO members that Ukraine needed at least seven Patriot or other advanced air defense systems to defend against Russian attacks. The Patriot air defense systemA 2023 report by the Congressional Research Service describes the Patriot system as an "integral component of U.S. air and missile defense."

Persons: —, Vladimir Putin's, John Hardie, Ryan Bohl, RANE, Bohl, Volodymyr Zelenskyy, Zelenskyy, Putin, Joe Biden, John Kirby Organizations: Service, Russian, Financial Times, Business, Israel's Patriots, Foundation for Defense of Democracies Russia, Israeli Air Force, Patriot, Iraqi Scud, Officials, East, Hezbollah, NATO, Patriots, New York Times, National Security, Congressional Research Service Locations: Israel, Ukraine, North Africa, Lebanese, —

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 charts revealing striking similarities between today's market and the most extreme bubbles — and warns of 50-70% downside for the
▼ + stars: | 2024-06-29 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

"In contrast, current valuation extremes imply potential downside risk for the S&P 500 on the order of 50-70% over the completion of this cycle." JPMorgan's Marko Kolanovic expects the S&P 500 to fall to 4,200, while more extreme forecasts include Jeremy Grantham's estimate in the low 3,000s. And as the stock market ground mostly higher, he persisted with his doomsday calls. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 26% over the past year.

Persons: —, Jonathan Golub, Count John Hussman, Hussman, Hussman's, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, JPMorgan's Marko Kolanovic, Jeremy Grantham's Organizations: Service, UBS, Business, Hussman Investment Trust, New York Stock Exchange, Investor Intelligence

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