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☆ Thailand’s Royal Establishment Is Denying the Will of the People Again - The New York Times
▼ + stars: | 2023-08-02 | by ( Pavin Chachavalpongpun | ) www.nytimes.com time to read: +1 min

For a brief time this summer, it seemed like Thailand might finally be on the cusp of truly representative government. In elections in May, a pro-reform party won the largest share of votes, riding a wave of public discontent over nine years of military rule and the outsize prerogatives enjoyed by the Thai royal family. Thailand’s monarchy is one of the wealthiest and longest-reigning in the world. Backed by the military and the judiciary, it is the linchpin of a conservative establishment that has fought off challenges to its dominance for decades, often with royally-endorsed military coups that overthrew democratically elected governments. More than two months after the elections, Thailand still does not have its new government, as the conservative establishment maneuvers to deny the will of the people once again by frustrating Move Forward’s efforts to form a coalition.

Organizations: Party, Voters Locations: Thailand

☆ How to save San Francisco
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. Paul Chinn/The San Francisco Chronicle via Getty ImagesThis is just a matter of good old-fashioned supply and demand. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

Persons: Nobody's, I've, It's, it's, who'd, Paul Chinn, nix, aren't, rafter, Tayfun, Francis Wood, fixable, Berkeley, Adam Rogers Organizations: Liberal, Homelessness, Bay Area, Pride, Black Panthers, Washington Monthly, San Francisco, Getty, SF, Supervisors, Crafts, Planners, Foods, Anadolu Agency, Walgreens, Nordstrom, Unit Locations: San Francisco, Bay, Francisco, California, Black, Los Angeles, Boston , New York, Washington, United States, Barcelona, Paris, St, Barbary, Hong Kong, Mexico City, Angeles, Houston, Helsinki, East, Treasure, Emeryville

☆ San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
▼ + stars: | 2023-07-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +18 min

If you want to rile up a San Francisco native, mention the doom loop. But treating San Francisco as some sort of outlier, a sui generis example of urban decay, is wrong, too. After I washed out back there I washed up on the Embarcadero, a typical San Francisco story. Because here's my one crazy trick to fix San Francisco: homes. To revive the city, San Francisco needs to get back to its freak-flag-flying roots.

☆ Rudy Giuliani is in settlement talks with sexual abuse accuser Noelle Dunphy
▼ + stars: | 2023-07-07 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Rudy Giuliani is in talks to settle a sexual abuse lawsuit brought by Noelle Dunphy. Katz was arguing that Giuliani shouldn't be forced to pay fees for improperly trying to move Dunphy's lawsuit from Manhattan state court to federal court. The case was sent back to New York state courtIn June, Katz tried to move the case to federal court. US District Judge Edgardo Ramos sent the case back to state court during the court conference on Friday, after Katz backtracked on the move. He told Insider that he looks "forward to prosecuting this case in New York State Court where it belongs."

Persons: Rudy Giuliani, Noelle Dunphy, Dunphy, —, Giuliani's, Adam S, Katz, Giuliani shouldn't, Justin Kelton, Kelton, Giuliani, Donald Trump, Edgardo Ramos, Katz backtracked, Ramos, I'm, Judge Ramos, Joe Biden, Jack Smith, Trump, Biden Organizations: Service, New, New York City, FBI, Court, New York, Voting Systems, Trump, Justice Locations: New York, Manhattan, Florida, New, Smartmatic, Washington, Pennsylvania

☆ Russia launches first drone strike on Kyiv in 12 days
▼ + stars: | 2023-07-02 | by ( ) www.cnbc.com time to read: +4 min

After a relative lull, Russia launched a drone attack early Sunday on Ukraine's capital, Kyiv, officials said. All of the Iranian-made Shahed exploding drones were detected and shot down, according to Serhii Popko, the head of the Kyiv city administration. Further south, a 13-year-old boy was wounded in overnight shelling of Ukraine's partially occupied southern Kherson province, said Oleksandr Tolokonnikov, spokesman for the Ukrainian administration of the province. Shelling of the Kherson province continued Sunday morning, wounding four people in the regional capital, also called Kherson. The regional prosecutor's office said that a residential area of the city was targeted by Russian troops operating in the Russia-occupied part of the Kherson province. "

Persons: Serhii Popko, Ruslan Kravchenko, Oleksandr Tolokonnikov, Tolokonnikov, Lyman, Wagner, Yevgeny Prigozhin's, Vyacheslav Volodin, Vladimir Putin, Volodin, Sergei Surovikin, Putin, wouldn't, Prigozhin Organizations: Kyiv, Gov, didn't, Staff, State Duma, USSR Locations: Russia, Kyiv, Ukraine's, Kherson, Russian, Mylove, Beryslav, Kherson province, country's Donetsk, Belgorod, Ukraine, Kursk, Belarus

☆ Blackstone deal is a bright spot in gloomy sector
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 26 (Reuters Breakingviews) - The U.S. commercial real estate industry is mired in gloom, but some pockets are still sunny. The portfolio includes 14 million square feet of industrial properties in cities like Atlanta, Phoenix and Dallas, and the deal is premised in part on rising rents. According to the two companies, the net operating income generated by the warehouses is 4% of the acquisition price. Meanwhile, listed real estate investment trusts which own industrial warehouses trade at a narrowing discount to net asset value, according to S&P Global Market Intelligence. In a gloomy sector, so-called big boxes are a bright spot.

Persons: Steve Schwarzman, Avison Young, Jennifer Saba, Aston Martin, Peter Thal Larsen, Oliver Taslic Organizations: YORK, Reuters, U.S, P Global Market Intelligence, Twitter, Siemens, Telecom Italia, Vivendi, Thomson Locations: Atlanta, Phoenix, Dallas, Canada

☆ Analysis: The 'mayfly' mutiny evaporates, but Russia is a changed place
▼ + stars: | 2023-06-26 | by ( Tim Lister | ) edition.cnn.com time to read: +10 min

CNN —The weekend’s events in Russia seem an almost surreal interruption to the long slog of conflict unfolding in neighboring Ukraine. Yevgeny Prigozhin’s challenge to the Russian state erupted and receded in the space of 24 hours, but the consequences of his short-lived mutiny may reverberate for much longer. Prigozhin’s Wagner forces, for all his boasting, were never going to be a match for the Russian security forces. And yet, the saga was humiliating to the Russian military and at least embarrassing to the Kremlin. One Ukrainian military officer was provocatively shown on social media eating popcorn as he watched events in Russia unfold.

Persons: Yevgeny Prigozhin’s, Prigozhin’s Wagner, Prigozhin’s bluster, Sergei Shoigu, Prigozhin, Vladimir Putin, Mikhail Gorbachev –, Putin, Mikhailo Podolyak, It’s, ”, Pavel Zarubin, Russia “, Thomas Graham, Prigozhin’s, Wagner, ” Putin, Staff Valery Gerasimov, CFR’s Graham, Antony Blinken, ” Graham, Russia’s, Phillips O’Brien, “, Hanna Notte, ” Notte, there’s, STRINGER, “ Prigozhin, Stalin, Stephen Kotkin, Kremlin “, Kotkin Organizations: CNN, Southern Military, Kyiv, Council, Foreign Relations, Defense Ministry, Staff, ’, Moscow –, University of St, Center for Strategic, International Studies, Twitter, Getty Locations: Russia, Ukraine, Moscow, Prigozhin, Rostov, Russian, Voronezh, Ukrainian, Africa, Syria, Bakhmut, St, Petersburg, Andrews, Scotland, West, AFP, Kremlin

☆ What's next for BlackRock?
▼ + stars: | 2023-06-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

The biggest, and most obvious, change comes at the top, as BlackRock considers life without Larry Fink. The departure of Fink from BlackRock — a firm he's led since founding it with Robert Kapito in 1988 — is monumental in and of itself. But consider the state of affairs:Simply put, there's a lot going on these days at BlackRock. Insider's Rebecca Ungarino, our resident BlackRock expert, has a rundown of all the latest news at the massive money manager. More on everything that's happening at BlackRock as its CEO and cofounder considers his future.

Persons: Dan DeFrancesco, we've, Leonardo Munoz, don't, Larry Fink, Fink, Robert Kapito, Insider's Rebecca Ungarino, Todd Anderson, Christine McCarthy, Bob Iger, Iger, Gen, Jeffrey Cane, Hallam Bullock Organizations: Disney, Netflix, BlackRock, Getty, Barclays, Goldman, Mouse, Apple's, McKinsey, LinkedIn Locations: VIEWpress, BlackRock —, BlackRock, Hulu, London, New York

☆ Patients left to wait by Britain’s public health service turn to crowdfunding
▼ + stars: | 2023-06-18 | by ( Caolán Magee | ) edition.cnn.com time to read: +7 min

“If we had to wait another two years on an NHS waiting list – Holly might not have made it,” Thomas told CNN. So, her family decided to pursue private medical treatment instead and have exceeded their £5,000 target through crowdfunding website JustGiving. Bruce Viveash/Harrow Borough FC“It took a big hit on my bank account but I had to use private healthcare to save my football career. An increasing number of Britons are paying out-of-pocket to access private healthcare directly. This is “a sad state of affairs,” Wrigley told CNN.

Persons: Holly Reeves, Holly, –, “, Amy Thomas, ” Thomas, David Wrigley, GoFundMe, ” John Coventry, ” GoFundMe, ”, James Taylor, Steve Baker, Taylor, Bruce Viveash, ” Taylor, ” Wrigley Organizations: London CNN, CNN, National Health Service, Foundation Trust, Consumer, National Insurance, British Medical Association, BMA, NHS, crowdfunding, Harrow Borough, Harrow Borough FC “, Private Healthcare Information, OECD, Department of Health, Social Care Locations: Devon, Torbay, South Devon, United States, England, Britain

☆ Opinion: A tail of two cities – how Parisians and New Yorkers take on rats
▼ + stars: | 2023-06-15 | by ( David A. Andelman | ) edition.cnn.com time to read: +6 min

Indeed, if there’s one attribute shared by New York and Paris it’s rats. The mayor of Paris is forming a committee to look into the cohabitation of the city's citizens with its notorious population of rats. Thomas Samson/AFP/Getty ImagesNot surprisingly, there are some who believe ridding the city of rats with traps and rat poison is utterly inhumane. In contrast, Boulard with his anti-rat vengeance, sounds more like the mayor of New York than the mayor of Paris. Of course, Paris has a far longer history than New York with rats.

Persons: David A, Paris CNN —, David Andelman, Tony, ”, Pont, Pont Royal they’ve, I’ve, Anne Hidalgo, Geoffroy Boulard, quartiers, Boulard, Thomas Samson, PAZ, Douchka Marcovitch, Eric Adams, Ben Regenspan, Adams, Hidalgo’s Organizations: CNN, French Legion of, The New York Times, CBS News, Paris CNN, David Andelman CNN, America’s, Paris Olympics, Pont Royal, Paris’s, hyperlocal, Getty, New York Times, Twitter, Facebook Locations: France, Paris, New York, Raspail, Tuileries, AFP, Manhattan

☆ Rudy Giuliani asks judge to toss 'salacious' references to his appearance in 'Borat' movie, denies making racist remarks and selling pardons in response to ex-staffer's sex-abuse lawsuit
▼ + stars: | 2023-06-07 | by ( Jennifer Cunningham | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani asked a judge to toss parts of the sex-abuse lawsuit against him. Giuliani also denied selling pardons for Trump and making discriminatory remarks. Those claims, Giuliani said, are either false or don't bolster Dunphy's underlying claims that he sexually assaulted her. According to Dunphy's lawsuit, Giuliani behaved the same way in his apartment with her and then forced her to give him oral sex. Noelle Dunphy's lawsuit includes allegations of sexual abuse, using Rudy Giuliani's presence in the "Borat" sequel as a reference point.

Persons: Rudy Giuliani, Giuliani, —, Noelle Dunphy's, Dunphy, Donald Trump, Rudy Giuliani's, Noelle Dunphy, Adam Katz, –, Dunphy's, Justin Kelton, Giuliani's Organizations: Trump, Service

☆ CNN's media reporter delivered a brutal assessment of its CEO after embarrassing profile: 'Licht has lost the room'
▼ + stars: | 2023-06-06 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

CNN CEO Chris Licht has been hit with a torrent of criticism since a profile of him dropped Friday. CNN media reporter Oliver Darcy wrote that Licht had "lost the room." This time, it's coming from inside the house, as CNN media reporter delivered a brutal assessment of Licht in Monday night's Reliable Sources newsletter. "In the wake of The Atlantic's explosive story, I've spoken with dozens of staffers across the company," Darcy wrote. In fairness to Licht, Darcy also reported that the "somber" remarks the CEO delivered on Monday had "struck the right tone."

Persons: Chris Licht, Oliver Darcy, Licht, Darcy, Puck's Dylan Byers, Byers, Darcy wasn't, David Zaslav, Zaslav's, Zaslav, David Leavy Organizations: CNN, Morning, The Atlantic, Warner Bros Locations: Trump, America, Zaslav

☆ Embattled CNN chief apologizes to staff after embarrassing profile, vows to ‘fight like hell’ to win back trust
▼ + stars: | 2023-06-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled chief executive. Employees had not heard from Licht since The Atlantic’s Tim Alberta on Friday published a blistering 15,000-word profile on him. He said that he would “fight like hell” to win over the trust of the 3,500-person news organization he leads. In the immediate future, I’m told, Leavy is counseling Licht and CNN leadership’s primary goal is to stabilize the ship.

Persons: Chris Licht, I’ve, ” Licht, Licht, Tim Alberta, Donald Trump, ”, They’ve, David Leavy, David Zaslav, Zaslav, I’m, wouldn’t, WBD, Leavy Organizations: CNN, Employees, Hudson, Warner Bros, “, North Star

☆ Fitch warns it could still downgrade America’s credit rating despite debt ceiling resolution
▼ + stars: | 2023-06-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Fitch Ratings is keeping the United States on watch for a potential credit rating downgrade even after Congress passed a last-minute bill to avert a disastrous default. Although the resolution to the debt ceiling fight is a “positive,” Fitch expressed deep concern about the recurring brinksmanship and worsening polarization in Washington. That reasoning is similar to the rationale behind the downgrade by S&P in 2011 – an unprecedented step that occurred after Congress agreed to raise the debt ceiling. The latest debt ceiling battle has prompted more calls for reform or even eliminating the debt ceiling. This isn’t the first time the credit ratings firm has sounded the alarm about the messy state of affairs in America.

Persons: New York CNN — Fitch, Fitch, ” Fitch, “ Fitch, Richard Francis, Francis, Joe Biden, Chris Krueger, ” Krueger, “, James McCormack, Fitch’s, ” McCormack Organizations: New, New York CNN, CNN, Fitch, AAA, House Republicans, Congressional, Cowen’s Washington Research Group, Security, Medicaid, Fed, Treasury Locations: New York, United States, Washington, America

☆ Drone attacks that shook Moscow showed Russians they can no longer trust Putin to protect them, expert says
▼ + stars: | 2023-05-30 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Drones hit residential buildings in Moscow for the first time in its war with Ukraine. An expert said it "brought the war to the streets" for Russians and may shake their faith in Putin. People shelter inside a subway station during an air raid alert, amid Russia's attack on Ukraine, in Kyiv, Ukraine, May 29, 2023. Other recent attacks on Russian soil — which Ukraine has also said were not its responsibility — have been closer to Ukrainian territory. Moscow is the capital of Russia, which perceives itself as a great country, rightly or wrongly."

☆ Hard to see how China can win A.I. competition if chip bans keep happening: Grow Investment's Hong
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHard to see how China can win A.I. competition if chip bans keep happening: Grow Investment's HongHao Hong, Grow Investment Group chief economist, joins 'Squawk on the Street' to discuss the state of affairs between the U.S. and China, how far future bans of Chinese and U.S. technology could go and the hope for reviving a recovery from China.

☆ This Year’s G7 Summit Doubles as a Club for Unloved Leaders
▼ + stars: | 2023-05-20 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

They come from far corners of the globe, speak different languages, span the ideological spectrum and range in age from 43 to 80. But one thing President Biden and the other leaders of the Group of 7 meeting in Japan this weekend have in common? For Mr. Biden and his counterparts from the world’s leading industrial powers, it is an age of democratic discontent when electorates seem perpetually dissatisfied with the presidents and prime ministers they have chosen. But their troubles have a way of following them and can limit their options and influence. He ended the day by skipping out about 90 minutes early from the leaders’ gala dinner on Miyajima island to take another call from home on the spending talks.

☆ The Premier League Crucible Produces Something New: Ideas
▼ + stars: | 2023-05-12 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

Manchester City had been in possession of the ball for a minute, no more, but to the denizens of the Santiago Bernabéu, it felt like an hour or more. Pep Guardiola’s team moved it backward and forward and then backward again. They would have known as they prepared for their Champions League semifinal that there would be phases when there was little they could do beyond watch City move the ball around. The idea that a visitor, no matter how talented, should come to the Bernabéu and look as comfortable as Manchester City did, in that spell on Tuesday night, was clearly one of them. Guardiola’s team looked so thoroughly at home that it might as well have had its feet on the coffee table and a wash in the machine.

☆ Here’s where the jobs are for April 2023 — in one chart
▼ + stars: | 2023-05-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns. Friday's data bolsters the argument that the labor market has remained idiosyncratically strong despite signs that the broader economy has slowed. Almost one out of every four of the new jobs were in health care and social assistance, which added about 64,200 in the month. Professional and business services saw the second largest growth in April at 43,000, which is more jobs than it has added in an average month over the past half-year. Professional, scientific and technical service jobs accounted for the bulk of the sector's gains with a 45,000 increase.

☆ Some Colleges Offer Quotes of Competitors’ Prices. Be Wary.
▼ + stars: | 2023-04-29 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

Every year, a new crop of innocents arrive in the marketplace for an undergraduate degree. Schools offer website calculators that estimate what families may have to pay, but they make no guarantees. Aid seekers can’t get a real price quote until they’ve applied and been accepted. As you can imagine, some of these other schools are not thrilled with this state of affairs. So why would an institution that offers instruction in mathematics and economics put out suspect figures?

Her comments were echoed by others who feel the narrative shared by three top central banks of relatively cost-free disinflation rests on shaky ground. Among the Fed, ECB and BoE, only the British central bank projects a recession will be needed to slow inflation - only a mild one at that. U.S. central bank officials have split the difference, projecting a modest one-percentage-point rise in the unemployment rate this year from its near-historic low of 3.5%, and slow, but continued, economic growth. Martins Kazaks, Latvia's central bank chief, said the risk of a recession was still "non-trivial," with a host of factors still putting pressure on prices. For the Fed, different policymakers offer different ideas about the forces that will lower inflation as high interest rates slowly cool demand.

☆ Young people in Greater China are blowing their paychecks every month — even if they don't have to
▼ + stars: | 2023-04-13 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

"Yue guang zu" ("moonlight clan") refers young singles in Greater China who go broke at the end of each month, or live paycheck to paycheck. Hsu belongs to a group of people in Taiwan, typically young and single workers, called the "yue guang zu" — the so-called "moonlight clan." Eric Hsu Civil engineerBut when a serious knee injury took him out of work for two weeks without pay, Hsu realized he was unable to support himself. "Young people would rather give up that dream and spend money on things they are guaranteed to get today." After his experience, he canceled his credit cards two years ago and committed to saving one third of his salary each month.

☆ Thomas revelation fits a broader pattern of nondisclosure
▼ + stars: | 2023-04-12 | by ( Joan Biskupic | ) edition.cnn.com time to read: +7 min

Washington CNN —The recent revelations of lavish gifts and travel that a Republican megadonor showered on Justice Clarence Thomas reflect a larger Supreme Court culture of nondisclosure, little explanation, and no comment. The incident reflects the broader lack of accountability at the high court regarding off-bench behavior. Justices regularly brush aside reporters’ queries for specifics on travel and gifts, book advances and other extracurricular activities. Senate Judiciary Committee Chairman Dick Durbin made another such plea to Roberts this week as he also urged the chief justice to open an investigation into Thomas’ conduct. Chief justice on the spotRoberts, who became chief justice in 2005, has continually described the high court as beyond the realm of politics and worthy of public trust.

Summary Russia accuses detained U.S. journalist of spyingSays he was trying to gather state/military secretsWall Street Journal denies the allegationsMove latest blow to dire Russia-U.S. tiesLONDON, March 30 (Reuters) - Russia's FSB security service said on Thursday it had detained a reporter for U.S. newspaper The Wall Street Journal on suspicion of spying for Washington, the most serious public move against a foreign journalist since Russia invaded Ukraine. The Wall Street Journal said in a statement it was "deeply concerned" for Gershkovich's safety and that it "vehemently denies the allegations from the FSB and seeks the immediate release of our trusted and dedicated reporter". TOUGH CENSORSHIP LAWS[1/5] Reporter for U.S. newspaper The Wall Street Journal Evan Gershkovich appears in an undated handout image taken in an unknown location. Other foreign journalists covering Russia expressed support for Gershkovich online, saying he was a professional reporter, not a spy. Gershkovich, who has covered Russia since 2017, previously worked at The Moscow Times newspaper and at Agence-France Presse news agency before joining the Wall Street Journal's Moscow bureau in January last year.

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