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

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

☆ This jet-propelled, self-inflating paddleboard is making a splash
▼ + stars: | 2023-05-22 | by ( Rochelle Beighton | ) edition.cnn.com time to read: +3 min

CNN —In the world of water sports, stand-up paddleboarding (SUP) has been riding a wave of popularity in recent years. In 2016, he founded SipaBoards in Kamnik, Slovenia, and created the world’s first jet-propelled, self-inflating paddleboard. Although electric and self-inflating boards exist separately, Sitar’s design was the first to incorporate both features in one board. It has an easy-to-remove cover so you can access the batteries, recharge the board, and hit the water,” Sitar said. “We want to create a social network for electric water sports, where people can share their experiences, create new paddle routes, and connect with other riders,” Sitar said.

☆ Gene-Therapy Investors Have a Powerful Ally: Patients
▼ + stars: | 2023-05-16 | by ( David Wainer | ) www.wsj.com time to read: 1 min

Sarepta’s stock jumped after an FDA panel voted in favor of a drug to treat Duchenne muscular dystrophy. Photo: Kristoffer Tripplaar/Sipa USA/Associated PressImagine for a moment that you are an expert at a Food and Drug Administration advisory panel meeting trying to decide whether to vote in favor of a drug for a rare disease that robs boys of their ability to walk, eventually killing many of them by the time they reach young adulthood. During the meeting, you hear testimonials from doctors and patients, including a video showing a boy riding his bike years after receiving the therapy for the disease, known as Duchenne muscular dystrophy. At the same meeting, you also hear from FDA staff who warn you that the studies conducted by Sarepta Therapeutics don’t provide clear evidence that the drug is beneficial. They also highlight some safety concerns.

☆ $14 Billion Deal to Create Mega-Pipeline Company
▼ + stars: | 2023-05-15 | by ( Collin Eaton | ) www.wsj.com time to read: 1 min

The deal’s price tag amounted to a 22% premium over Magellan’s common units. Photo: Kris Tripplaar/Sipa USA/Associated PressPipeline operator Oneok agreed Sunday to buy smaller rival Magellan Midstream Partners for about $14 billion, a deal that would form one of the biggest U.S. companies involved in transporting and storing energy. The deal’s price tag, including $8.8 billion in equity and $5.1 billion in cash, amounted to a 22% premium over Magellan’s common units as of Friday. Oneok said it would assume Magellan’s $5 billion in net debt. The deal was expected to close in the third quarter, pending the approval of regulators and investors.

☆ Live updates: Russia's war in Ukraine, Zelensky meets with Macron
▼ + stars: | 2023-05-15 | by ( Rhea Mogul | Brad Lendon | ) edition.cnn.com time to read: +1 min

Volodymyr Zelensky is welcomed by Emmanuel Macron upon his arrival at the Elysee presidential palace in Paris on May 14. Steve McMay/Abaca/Sipa USA/APUkrainian President Volodymyr Zelensky met with his French counterpart Emmanuel Macron at the Elysee Palace in Paris on Sunday — his latest stop on a tour of European capitals providing his country with weapons. With each visit, the defensive and offensive capabilities of Ukraine increase," Zelensky tweeted after his arrival in France. "This evening's discussion will therefore focus on the support that France continues to provide in response to Ukraine's urgent military and humanitarian needs," the statement said. It comes after he told reporters in Rome on Saturday that "the first important steps" of the military action "will be taken soon."

☆ End of Title 42 immigration policy has brought fewer migrants than expected, but overcrowding concerns remain
▼ + stars: | 2023-05-14 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

David Peinado Romero/Anadolu Agency/Getty Images Migrants carry a baby in a suitcase across the Rio Grande on May 10. Gary Coronado/Los Angeles Times/Getty Images Migrants wait to get paid after washing cars at a gas station in Brownsville on May 10. Andrew Caballero-Reynolds/AFP/Getty Images Migrants surrender to US Border Patrol agents after crossing the border in Yuma on May 10. Paul Ratje/Reuters Migrants wait to be processed by US Border Patrol agents in Santa Teresa, New Mexico, on April 26. Hudak warned in the filing that without measures to conditionally release some migrants, Border Patrol could have over 45,000 migrants in custody by the end of the month.

☆ Baxter Selling Biopharma-Solutions Arm for $4.25 Billion
▼ + stars: | 2023-05-08 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

Baxter expects net after-tax proceeds of about $3.4 billion from the sale. Photo: Kristoffer Tripplaar/Sipa USA/Associated PressBaxter International on Monday said it agreed to sell its biopharma-solutions unit for $4.25 billion, as the medical-products maker continues to streamline its focus. The Deerfield, Ill.-based company is selling the unit to private-equity firms Advent International and Warburg Pincus .

☆ Sebastian Steudtner has turned to science as he chases the world’s biggest waves
▼ + stars: | 2023-05-08 | by ( Matt Majendie | ) edition.cnn.com time to read: +15 min

CNN —Sebastian Steudtner holds the world record for the biggest wave ever surfed. Steudtner holds the world record for the biggest wave ever surfed. Win, win, win or perform, perform, perform. How boring is it to win and win and win? If I want to catch waves, I don’t think about you because you’re in my way, so you’re naturally competitive.

Paris CNN —France’s finance minister is in the spotlight. “It is about music, my passion for music,” Le Maire insisted of the novel, whose central character is a piano virtuoso. Some in France chastized the finance minister for devoting time to writing, especially as the country weathers economic headwinds. The French finance ministry confirmed to CNN that Le Maire had warned the French presidency of the book before its release. And the finance minister seemed unabashed on Twitter.

☆ Lionel Messi apologizes to Paris Saint-Germain and teammates following unauthorized trip to Saudi Arabia
▼ + stars: | 2023-05-05 | by ( Matt Foster | ) edition.cnn.com time to read: +2 min

CNN —Lionel Messi apologized to Paris Saint-Germain and his teammates on Friday after taking an unauthorized trip to Saudi Arabia and missing training earlier in the week. “I wanted to make this video after everything that’s been happening,” Argentina’s World Cup-winning captain said in an Instagram story. The 35-year-old’s trip to Saudi Arabia meant he missed the team’s Monday training. “We welcome visitors from all around the world to experience a unique trip to Saudi Arabia and its hospitality.”Messi himself posted a promotion for Saudi tourism on his Instagram six days ago: “Who thought Saudi has so much green? Messi’s contract with the French capital’s premier football club expires on June 30, and his trip to Saudi Arabia comes amid multiple reports that the 35-year-old won’t stay at the Parisian club.

Jeremy Selwyn/WPA Pool/Getty Images Camilla stands next to Queen Elizabeth II during a Diamond Jubilee pageant on the River Thames in June 2012. Chris Jackson/Getty Images From left, Camilla, Charles, Queen Elizabeth II and Prince Philip attend the state opening of Parliament in May 2013. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William. Frank Augstein/WPA Pool/Getty Images In pictures: Britain's Queen Camilla Prev NextShe reportedly met Prince Charles at a polo match in Windsor in 1970 and they became friends. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William.

☆ A Black teen’s murder sparked a crisis over racism in British policing. Thirty years on, little has changed
▼ + stars: | 2023-04-22 | by ( Katie Polglase Sarah El Sirgany Ivana Kottasová Martin Bourke Oscar Featherstone | Katie Polglase | Sarah El Sirgany | ) edition.cnn.com time to read: +14 min

His killing and the subsequent failure of the London Metropolitan Police Service to properly investigate the crime sparked a national outcry. Within days of his killing at a bus stop in southeast London, five White teens were identified as being involved. It took years of campaigning by the Lawrence family — and public support from the likes of Nelson Mandela and the national press — to get the investigation moving. While an initial investigation by then-police watchdog the Independent Police Complaints Commission cleared the police of any wrongdoing, the Rigg family kept fighting. Matthew Brealey/CNNFinding peaceAs the Lawrence family and their supporters mark the 30th anniversary of Stephen’s killing, they are still fighting for his killers to face justice.

☆ Vendée Globe: History-making sailor Clarisse Crémer wants to be an 'example' to her daughter
▼ + stars: | 2023-04-19 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

For Crémer, the fastest solo woman to complete the around-the-world Vendée Globe race, assuming such a role was never part of the plan. “I had made that promise to myself during the previous Vendée Globe that I wanted to be back.”Return to sailingA lifeline was quick to arrive. On Thursday, Thomson announced that Crémer would skipper the team in its bid to qualify for next year’s Vendée Globe. Thomson celebrates finishing second at the Vendée Globe in January 2017, a few hours after French sailor Armel Le Cléac'h. The next Vendée Globe, which takes place between November 2024 and March 2025, will be the 10th edition of the race.

☆ How protected is your money in accounts outside of banks?
▼ + stars: | 2023-03-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Spoiler alert: You likely have at least some protection in all but your crypto accounts. There are several types of deposit accounts you may have at one bank (e.g., individual savings account, joint checking, business account, etc.) NCUA, which is backed by the full faith and credit of the US government, covers accounts up to $250,000, in much the same way the FDIC covers bank accounts. Crypto accountsIf you invest in crypto assets you have no federally guaranteed protections should the company acting as custodian of your assets go under. Even if you’re holding your crypto assets at a firm that is an SEC-registered broker-dealer and it is a member of SIPC, your crypto assets will not receive SIPC protection.

☆ The Invisible Role Taxes Play in America’s Housing Shortage
▼ + stars: | 2023-03-06 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

How Ukraine’s Growing Military Has Changed Over One Year of War When Russia invaded Ukraine in February 2022, Western allies held strict red lines around the type of aid they’d provide. But as the war shifted, so did the type of aid. The Wall Street Journal examines the policy u-turns of Ukraine’s allies to illustrate how the war has progressed over the last year. Photo: Andoni Lubaki/Sipa/Reuters

☆ How Repaying Student Loans Is Changing—Dramatically
▼ + stars: | 2023-02-27 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ U.S. Weapons Pledge to Ukraine Exposes Cracks in Defense Supply Chain
▼ + stars: | 2023-02-25 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Howard Schultz: Unions ‘a manifestation of a much bigger problem’
▼ + stars: | 2023-02-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

New York CNN —Fifteen years ago, Howard Schultz reprised his role as Starbucks CEO, returning to the helm to help put the struggling company back on course. Even before he officially rejoined the company, Schultz was already alarmed by the union push. In the months since returning as CEO, Schultz has doubled down on his opposition to the union. “The fact that Starbucks workers are continuing to organize and win shows just how much workers need and desire a union,” Starbucks Workers United said in a statement to CNN. As a CEO, Schultz has been responding “very typically,” Givan said, in how strongly he’s opposed the union.

In protests that followed the killing and the police sweeps, six people were arrested and charged with domestic terrorism. In December, the same charges were filed against five people after law enforcement moved in to clear barricades and confront protesters. But in a number of states, including Georgia, domestic terrorism laws include a wide range of offenses outside those motivated by hate. The Atlanta Solidarity Fund said that the state of Georgia was trying to “set an alarming precedent” with the charges. “If they are successful, protesters across the country could be facing similar speech-chilling ‘domestic terrorism’ charges,'” it said in a statement this week.

What began as a peaceful protest and vigil in Atlanta honoring a slain activist ended in property damage and several arrests on Saturday. The chaotic night came after nearly two years of organizers and activists imploring city leaders, raising awareness and protesting the city’s plans to build a sprawling police training center in a forest near Atlanta. We went through City Council, we’ve taken the legislative route, we’ve done tons of advocacy, we’ve sent in letters, and all we’ve been responded with is force,” said Matthew Johnson, a supporter of Defend the Atlanta Forest, one of the movements opposing plans for the new Atlanta Public Safety Training Center. It has become the focus of protests in several cities across the country to “Stop Cop City.” In recent weeks police shot and killed an activist, demonstrators destroyed property, and several protesters were arrested and face steep charges. Here is how the tension over Atlanta’s “Cop City” reached a boiling point.

☆ M&M’S says its taking a ‘pause’ from polarizing spokescandies
▼ + stars: | 2023-01-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

“In the last year, we’ve made some changes to our beloved spokescandies,” the chocolate candy brand said in a statement Monday. The Green M&M, pre-makeover, is seen here in her go-go boots. Anthony Behar/Sipa USA/AP“[Rudolph] will serve as the brand’s new spokesperson, allowing the colorful cast of M&M’S spokescandies to step away and embrace a new path to pursue other passions,” An M&M’S spokesperson told CNN in an email. A petition to “keep the green M&M sexy” garnered over 20,000 signatures. Purple was recently deployed as part of a limited-edition pack of purple, brown and green M&M’S — the colors of the female spokescandies — in honor of International Women’s Day.

☆ U.S. to designate Wagner mercenary group a ‘transnational criminal organization’
▼ + stars: | 2023-01-21 | by ( Leila Sackur | ) www.nbcnews.com time to read: +4 min

The U.S. will designate the Russian mercenary Wagner Group as a “significant transnational criminal organization” and impose further sanctions against the organization and its support network next week, the White House said Friday. He said the U.S. believes it was a delivery of infantry rockets and missiles for use by the Wagner Group. The Wagner Group is headed by Yevgeny Prigozhin, a longtime ally of Russian President Vladimir Putin. Yevgeny Prigozhin at the funeral of Wagner group fighter Dmitry Menshikov, in St. Petersburg, Russia, last month. The Wagner Group did not comment on his allegations.

Wagner chief Yevgeny Prigozhin, center, with soldiers in what they said was a salt mine in Soledar, Ukraine in this image released on Jan. 11. By contrast, Kremlin spokesman Dmitry Peskov neither confirmed that Soledar had fallen to Russian forces or mentioned the Wagner group’s involvement in attempts to take it. Russia has consistently denied the involvement of the Wagner Group in its official military operations. Prigozhin during the funeral of Wagner group fighter near St. Petersburg, on Christmas Eve. To date, the hawks have been far louder than the pragmatists, and a chorus of hard-right bloggers have excoriated Russia’s military performance, while television pundits have called for a tougher approach.

Diamond of the pro-Trump entertainers Diamond and Silk has died, the former president as well as the duo's verified Twitter account announced Monday night. Both women, sisters whose names are Lynette Hardaway and Rochelle Richardson, were born in 1971, with Diamond making her debut on Thanksgiving Day, according to their 2020 book, "Uprising." Then-President Donald Trump hugs conservative social media figures Lynnette Hardaway, known as Diamond, and Rochelle Richardson, known as Silk, in 2019. In late November, the Diamond and Silk Twitter account made a plea for prayers for Diamond. Diamond and Silk soon landed at fringe network Newsmax with "Diamond and Silk: Crystal Clear."

☆ Mexico's Mayan Train a threat to ancient areas, scientists warn
▼ + stars: | 2023-01-04 | by ( ) www.nbcnews.com time to read: +9 min

MEXICO CITY — Parts of Mexico’s remote southern jungles have barely changed since the time of the ancient Maya. But the railway and its hasty construction also critically endanger pristine wilderness and ancient cave systems beneath the jungle floor, droves of scientists and environmental activists say. Construction costs are seen at up to $20 billion, López Obrador said in July. “The Mayan Train project is of course safe, monitored and regulated by the environmental authorities as has happened up to now,” the agency told Reuters. A spokesman for López Obrador did not respond to a request for comment.

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