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Jokic had 21 points and 16 assists, including a difficult layup in traffic with 24.1 seconds left, and the Nuggets held off the Phoenix Suns 119-111 for a hard-fought victory. Durant moved in 10th place on scoring list late in the second quarter, driving the baseline for a layup to pass Moses Malone. Denver jumped out to a 41-30 lead going into the second quarter after shooting 79.2% (19 of 24) from the field. But you've got to credit the Nuggets and Nikola Jokic — that's why he's one of the best in the world. The Suns were playing without Booker (ankle) and Bradley Beal (back) while the Nuggets were without Jamal Murray (ankle) and Aaron Gordon (heel).
Persons: Nikola Jokic, Jokic, , Michael Malone, , Kevin Durant, Michael Porter Jr, Porter, Justin Holiday, Kentavious Caldwell, Pope —, Jackson, ” Jokic, Jusuf Nurkic, Devin Booker —, ” Nurkic, ” Durant, Nurkic, Durant, Moses Malone, Malone, ” Vogel, you've, Nikola Jokic —, He's, Booker, Bradley Beal, Jamal Murray, Aaron Gordon, ___ Organizations: PHOENIX, Denver Nuggets, Nuggets, Phoenix Suns, Suns, Phoenix, Denver, NBA, ABA, Sacramento, Memphis Locations: Jokic, Jackson
Under the light drizzle of a Tuesday morning last month, Ríonach Ní Néill and a group of friends set up a small platform in front of the United States Embassy in Dublin. Then they took out a stack of papers. For the next 11 and a half hours, Ms. Ní Néill and others took turns reading out thousands of names — each one a person killed since Israel started bombarding Gaza in the war, according to a list released by the Gazan health authorities. It was an attempt to convey the enormity of the loss of life, she said. “I think the baseline really in Ireland is that human rights are valued, and what’s happening now is the destruction of universal human rights,” said Ms. Ní Néill, 52, an artist from Galway.
Persons: , Ní Néill, , Organizations: United States Embassy, Locations: Dublin, Israel, Gaza, Ireland, Galway,
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.
Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid
Bank of England drags Bagehot into the shadows
  + stars: | 2023-12-01 | by ( Liam Proud | ) www.reuters.com   time to read: +8 min
That is no longer tenable, in part because of reforms to bank regulation that shifted activity from traditional lenders to financial market players. These days, the institutions in need of urgent liquidity are just as likely to be pension funds, insurers or hedge funds. The British central bank’s initial ideas make sense, but only solve part of the problem. The central bank can short-circuit the panic by opening the credit taps. Central banks are only just starting to grapple with what it means to be a lender of last resort in that context.
Persons: Walter Bagehot’s, Andrew Hauser, BoE, WALTER, Gurney, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Bank of England, Reuters Graphics Reuters, U.S, Treasury, Federal Reserve, Pensions, . Treasury, Citadel, Millennium Management, City of, U.S . Federal, Gurney & Company, Victorian, Thomson Locations: British, City, City of London, Basel, Overend, Lombard
The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. The OPEC+ alliance had already instituted a 2 million barrel per day cut in place until the end of 2024, with several coalition members voluntarily pledging a further 1.66 million barrel per day decline over that same period. While OPEC+ has not formally endorsed production reductions, market participants are following the possibility of further voluntary cuts announced by key participants to the coalition. Close Saudi ally Kuwait will enforce a 135,000 barrel per day reduction in the first quarter, while the Energy Ministry of OPEC member Algeria said it would trim a further 51,000 barrels per day. Oman said it will also reduce output by 42,000 barrels per day in that same period.
Persons: Alexander Novak Organizations: Organization of, Petroleum, of, OPEC, Energy Ministry Locations: Vienna, Austria, OPEC, Saudi Arabia, Nigeria, Angola, Congo, Saudi, Riyadh, Moscow, Kuwait, Algeria, Oman
We can help show you where to watch Galatasaray vs. Man United for free online, though, wherever you are in the world. Unlike many other free Champions League live streams, this one will be broadcast in English via an Irish channel. If you're not in Ireland and want to watch Galatasaray vs. Man United for free online, you'll hit a geo-block when you try to watch. Then get stuck in and enjoy this free Champions League live stream. How to watch Galatasaray vs. Man United live stream with a VPNSign up for a VPN if you don't have one.
Persons: you'll, Harry Kane, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll, we've Organizations: Devils, Champions League, Galatasaray, League, Real Madrid, Napoli, RTL Club, Bayern, Copenhagen, Rugby, Virgin Media, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, United, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Ireland, Belgian, Europe, United, Irish, Australia, USA
The Basel Committee of banking regulators from G20 and other economies proposed climate-related disclosures by banks to make it easier for investors to also compare climate exposures at lenders, and ensure banks hold enough capital to remain stable. The proposals provide more detailed banking sector climate-related disclosures to supplement broader corporate disclosures agreed at the global level by the International Sustainability Standards Board. Not all countries will apply ISSB disclosures, however, and it is unclear how Basel's disclosures would dovetail with corporate climate disclosures the European Union has finalised. Draft U.S. corporate climate disclosures from the Securities and Exchange Commission face heavy pushback from companies which want to ditch the inclusion of so-called Scope 3 greenhouse gas emissions produced by a company's customers. "For banks, financed emissions are often the most significant part of their total GHG emissions."
Persons: Amanda Perobelli, Huw Jones, Tomasz Janowski Organizations: Committee, International Sustainability, Union, Securities and Exchange Commission, Thomson Locations: Amazonia, Nova Xavantina, Mato Grosso, Brazil, Basel
LONDON, Nov 29 (Reuters) - Swiss insurer Baloise (BALN.S) is in talks to sell around 1 billion euros ($1.1 billion) of life insurance policies in Belgium, two people familiar with the matter told Reuters. The efforts come as other traditional insurers sell non-core portfolios with a view to freeing up capital held against those liabilities. In 2020, the Swiss group purchased the non-life insurance operations of Apollo-backed Athora. Baloise saw premiums in its non-life insurance business grow by close to 6% in the first nine months of the year to 3.4 billion Swiss francs ($3.9 billion) globally. However, life insurance premiums dropped more than 4% to 2.9 billion francs during the same period, according to its latest earnings release.
Persons: Baloise, Pablo Mayo, Paul Arnold, Anousha Sakoui, Mark Potter Organizations: Baloise, Reuters, The, ING Groep, ING, Aegon, Royal London, Swiss, Apollo, Fidea, Pablo Mayo Cerqueiro, Thomson Locations: Belgium, The Basel, London, Zurich
The logo of Swiss drugmaker Novartis is pictured at the company's French headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsCompanies Novartis AG FollowSandoz GmbH FollowFRANKFURT, Nov 28 (Reuters) - Novartis (NOVN.S) has dialled up its sales growth target to 5% per year until 2027, citing demand for innovative drugs after it sold off its generic-drugs business. The medium-term target, which excludes any foreign exchange effects, is mainly driven by six drugs, led by Kisqali, it said in a presentation on Tuesday. The sales forecast, up from a previous revenue growth target of 4% through 2027, is also underpinned by demand for Pluvicto, a precision radiotherapy against prostate cancer, and self-administered multiple sclerosis (MS) shot Kesimpta. Reporting by Ludwig Burger; Editing by Miranda Murray and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Charles Platiau, Kisqali, Vas, Kesimpta, drugmaker, Sandoz, Ludwig Burger, Miranda Murray, Miral Organizations: Swiss, Novartis, REUTERS, Companies Novartis, Sandoz, FRANKFURT, Thomson Locations: Rueil, Malmaison, Paris, France, Basel, Swiss
Markets are overly optimistic about the economy next year, Mohamed El-Erian said in a CNBC interview. Meanwhile, November's rally was driven by Goldilocks data, lower yields, and lower oil prices. According to the top economist, markets are overly optimistic about the economy next year. And thirdly, I don't think OPEC is going to stay quiet to see oil prices where they are now." AdvertisementAnd finally, falling oil prices may not sit well with OPEC+ countries, like Saudi Arabia and Russia, who have been slashing production to prop up oil prices.
Persons: Mohamed El, Erian, , they've, I'm, Treasurys, there's Organizations: CNBC, Service, Federal, West Texas Locations: Saudi Arabia, Russia
Superb Sinner leads Italy to Davis Cup glory against Australia
  + stars: | 2023-11-26 | by ( ) www.reuters.com   time to read: +3 min
Italy's number one Sinner produced a devastating display to outclass a helpless De Minaur 6-3 6-0 after Matteo Arnaldi outlasted Alexei Popyrin in the first singles clash. "It helps a lot to play for the whole team and it's been an incredible feeling for all of us," Sinner said as Italy rejoiced at a first Davis Cup title since 1976 and only second ever. Lleyton Hewitt's Australia have now been beaten in the final in successive years having lost to Canada in 2022. Italy and Australia qualify automatically for the 16-nation Finals next year across four cities with the ITF announcing on Sunday that the Final Eight will again be hosted in Malaga. Reporting by Martyn Herman; additional reporting by Gavin Jones, editing by Louise Heavens and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: deportes Martin, Australia's Alex de Minaur, Jon Nazca, Alex De Minaur, De, Matteo Arnaldi, Alexei Popyrin, Novak Djokovic, Djokovic, Miomir Kecmanovic, Lorenzo Sonego, Sinner, it's, Giorgia Meloni, Arnaldi, Filippo Volandri's, Popyrin, De Minaur, Minaur, Lleyton, Martyn Herman, Gavin Jones, Louise Heavens, Ken Ferris Organizations: Palacio, deportes, deportes Martin Carpena, Davis, REUTERS, Rights, Australia, Serbia, Djokovic, ITF, Thomson Locations: Australia, Italy, Malaga, Spain, Rights MALAGA, Saturday's, Serbia, Italian, Canada
DAYTONA BEACH, Fla. (AP) — Jalen Warley scored 19 points, Jamir Watkins had 18 points and 11 rebounds, and Florida State beat No. Florida State (4-1) extended its NCAA record to 14 consecutive overtime victories. Florida State scored the opening nine points of overtime, highlighted by Baba Miller’s steal and fast-break dunk. Green added 12 points and De’Ante Green had 10 points for Florida State, which defeated UNLV in the semifinals. Florida State called a timeout with 18.3 seconds left before Watkins drove the baseline and threw an errant pass as time expired.
Persons: — Jalen Warley, Jamir Watkins, Baba Miller’s, Darin Green Jr, Green, De’Ante Green, Cody Williams, KJ Simpson, Chandler Jackson, Julian, Watkins, Iona, ___ Organizations: DAYTONA, Florida State, Sunshine, NCAA, Seminoles, UNLV, Buffaloes, ., . Florida State, Buffs, Richmond, Simpson’s, NEXT Colorado, Sunday . Florida State, Georgia, ACC, SEC, AP Locations: Fla, Colorado, Destin , Florida, Florida, . Florida, Sunday
Canada financial regulator seeks feedback on crypto disclosures
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Canada's financial watchdog said on Monday it was seeking feedback on the public disclosure of cryptocurrency assets by federally regulated financial institutions, joining global regulators in ramping up scrutiny on the volatile sector. The consultation by Canada's Office of the Superintendent of Financial Institutions (OSFI) comes after the agency in July proposed new guidelines for crypto assets citing a risky environment. The OSFI's consultation will be running alongside another from the Basel Committee on Banking Supervision (BCBS), a global supervisory body which has also sought feedback from internationally active banks on the disclosure of crypto-asset exposures. Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Arasu Kannagi Basil, Devika Organizations: REUTERS, Canada's Office, Banking, Thomson Locations: Basel, Bengaluru
The Precision Strike Missile (PrSM) program is expected to give a boost to field artillery units. The Army says PrSM will extend the range of ATACMS, which Ukraine has used with great success. During a demonstration last week at White Sands Missile Range in New Mexico, the missile cleared a production qualification test flight. US Army Tactical Missile System (ATACMS) firing a missile into the East Sea during a South Korea-U.S. joint missile drill. "The excuse often cited to not sending" the 186-mile range ATACMS "is that there are not many to spare in the US inventory," Rice told Business Insider.
Persons: , Lockheed Martin, it's, Dan Rice, Rice Organizations: US Army, Army, Service, MGM, Tactical Missile Systems, Russia's, White, Artillery, Lockheed, Pentagon, US Army Tactical Missile, Korean Defense Ministry, Getty, Kyiv, American University Kyiv, Business Locations: Ukraine, New Mexico, South Korea, U.S, Russia, Moscow
Sinner thrills Turin crowd with semi-final win over Medvedev
  + stars: | 2023-11-18 | by ( ) www.reuters.com   time to read: +1 min
Sinner, the only player to win all three group matches, will face either world number one Novak Djokovic or number two Carlos Alcaraz in Sunday's final. Sinner secured a decisive break in the next game as some errors flew off the Medvedev racket. Medvedev, sticking relentlessly to his heavy baseline game, grabbed the initiative and levelled the contest when Sinner sent a forehand over the baseline. The world number four brought up three match points with a superb backhand winner and sealed victory at the first attempt. After losing his first six matches against Medvedev, Sinner has now won three in a row against the Russian.
Persons: Russian Daniil Medvedev, Medvedev, Novak Djokovic, Carlos Alcaraz, Sinner, Martyn Herman, Ed Osmond Organizations: Thomson Locations: TURIN, Italy, Russian
Mika Adams-Woods finished with a game-high 17 points for St. Bonaventure (2-1), which will play the winner of Thursday's late game between Auburn and Notre Dame in the championship game Friday night. Eric Dailey Jr. scored 14 points for Oklahoma State (1-2), which will oppose the Auburn-Notre Dame loser in Friday's consolation game. Oklahoma State trailed 53-48 before going on a 14-5 run. Wright's three-point play put Oklahoma State up 60-58 and Dailey concluded the run with a layup at the 2:07 mark. Oklahoma State had 10-2 and 7-0 runs in the first half, while St. Bonaventure had 9-2 and 12-3 runs before taking a 30-29 lead at intermission.
Persons: Bonaventure Bonnies, Mika Adams, Brandon Garrison, Connor Dow, Brad Penner, Daryl Banks III, Bonaventure, Woods, Thursday's, Banks, Assa Essamvous, Chad Venning, Eric Dailey Jr, John, Michael Wright, Dailey, Essamvous, Wright, Mike Marsh, Adams, Quion Williams, Javon Small, Noel Brown Organizations: Oklahoma State Cowboys, Barclays Center, Oklahoma, St, Auburn, Notre Dame, Oklahoma State, Cowboys . Oklahoma State, Cowboys, Thomson Locations: Brooklyn , New York, USA, St, New York
The man who was accused of attacking Nancy Pelosi's husband with a hammer was convicted on Thursday. The October 2022 attack on 82-year-old Paul Pelosi was captured on police body camera footage. The attack on then-82-year-old Paul Pelosi that was captured on police body camera video just days before last year's midterm elections sent shockwaves through the political world. A state trial date will be set during a Nov. 29 hearing, said Randy Quezada, a spokesperson for the San Francisco District Attorney's Office. DePape testified that his plan was to get Nancy Pelosi to admit that she had been lying to the American people.
Persons: Nancy Pelosi's, David Depape, Paul Pelosi, , David DePape, Nancy Pelosi, bludgeoning Paul Pelosi, DePape, Angela Chuang, Helen Gilbert, Randy Quezada, Detectives, Gavin Newsom, Tom Hanks, Joe Biden's, Hunter Biden, Nancy, Pelosi, Donald Trump Organizations: Service, FRANCISCO, San Francisco, Defense, U.S . Department of Justice, San, San Francisco District Attorney's, Prosecutors Locations: Francisco, California, Canadian, San Francisco District, Washington
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker//File Photo Acquire Licensing RightsFRANKFURT, Nov 16 (Reuters) - The European Central Bank's chief supervisor on Thursday supported creating global standards for convertible bonds that were wiped out as part of Credit Suisse's rescue by rival UBS (UBSG.S) earlier this year. The Basel Committee said in a report last month it would review the features of AT1 bonds, including the "loss-absorbing hierarchy". But Credit Suisse's bonds contained a clause allowing authorities the write down those bonds without winding down the bank. This clause is not a feature in bonds issued by European Union banks and the ECB has made clear that it would impose losses on shareholders first.
Persons: Heiko Becker, Andrea Enria, Enria, Pablo Hernández de Cos, Francesco Canepa, Balazs Koranyi, Toby Chopra Organizations: European Central Bank, REUTERS, Rights, Central Bank's, UBS, ECB, Banking Supervision, Basel, Committee, European Union, Thomson Locations: Frankfurt, Germany, Swiss, Basel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley CEO and chairman James Gorman on Basel III readinessMorgan Stanley will be able to cope with "any form" of the Basel III "end game," says chairman and chief executive James Gorman.
Persons: Morgan Stanley, James Gorman Organizations: Basel III Locations: Basel
Nuggets keep Clippers winless in James Harden era
  + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com   time to read: +2 min
[1/76] Nov 14, 2023; Denver, Colorado, USA; Denver Nuggets guard Jamal Murray (27) warms up before the game against the LA Clippers at Ball Arena. Los Angeles led 102-98 with 3:24 left, but the Nuggets scored seven straight points to go ahead by three with 1:37 left. Los Angeles missed on the other end and Gordon's putback dunk made it 99-98 with 3:47 left. The Nuggets led 60-52 at halftime but the Clippers rallied in the third. Harden gave Los Angeles the lead with two free throws and then made it 84-81 with a 3-pointer with five seconds left.
Persons: Jamal Murray, Ron Chenoy, Nikola Jokic, Aaron Gordon, Reggie Jackson, Michael Porter Jr, Christian Braun, Paul George, James Harden, Kawhi Leonard, Norman Powell, Ivica Zubac, Harden, George, Jackson, Gordon, Leonard, Jokic, Tucker, Kentavious Caldwell, Pope, Westbrook, Porter Organizations: Denver Nuggets, LA Clippers, Ball, Los Angeles Clippers, NBA, Clippers, Los, Nuggets, . Los Angeles, The Nuggets, Thomson Locations: Denver , Colorado, USA, Denver, Los Angeles, Philadelphia
He warned the EU's framework placed banks' activity as a 'crypto-asset service provider' -- such as acting as a custodian for customer wallets, exchanging tokens or managing crypto portfolios -- outside of the ECB's purview as a banking supervisor. "In fact, if crypto-asset service providers controlled by banks are not within the scope of their prudential consolidation, the BCBS standard and especially the exposure limit may become ineffective." He added crypto asset service providers should be added "as a matter of urgency" to the list of financial institutions that the ECB supervises under EU rules. MiCAR entered into force at the end of June and will take full effect by the end of next year. The Basel Committee's global standards on exposures to crypto assets are due to be transposed into EU law by Jan. 1, 2025.
Persons: Dado Ruvic, Andrea Enria, Enria, MiCAR, Jan, Claudia Buch, Francesco Canepa, Susan Fenton Organizations: REUTERS, Rights, Central Bank's, Banking, ECB, prudential, EU, Thomson Locations: EU, Venice, Basel
REUTERS/Evelyn Hockstein/ Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The Federal Reserve's top Wall Street cop Michael Barr and other bank regulators will defend plans to hike U.S. bank capital requirements when they appear before Congress this week as they come under increasing pressure from many lawmakers to rein in their efforts. The proposal would overhaul how banks gauge risk and, in turn, how much capital they must hold against potential losses. Regulators say stronger cash cushions will make the financial system safer and are especially crucial after three banks failed earlier this year. As part of their campaign to kill the Basel proposal, banks have been lobbying lawmakers to put pressure on the regulators. On Monday, 39 Senate Republicans stepped up the pressure, asking the regulators to scrap the proposal, citing economic harm.
Persons: Michael Barr, Evelyn Hockstein, Barr, Federal Deposit Insurance Corporation's Martin Gruenberg, Mike Hsu, Mark Warner of Virginia, Jon Tester, Isaac Boltansky, Gruenberg, Michelle Price, Pete Schroeder, Jonathan Oatis Organizations: Banking, Housing, Urban Affairs Committee, Capitol, REUTERS, Rights, Federal, Federal Deposit Insurance, Financial, Democrat, Senate, Republicans, Journal, Industrial, Commercial Bank of China, Treasury, Thomson Locations: Washington , U.S, U.S, Basel, Montana
James scored 32 points, D'Angelo Russell had 19 and the Los Angeles Lakers snapped a three-game losing streak, beating the Phoenix Suns 122-119 in the NBA In-Season Tournament opener for both teams. Reaves added a couple mid-range jumpers in the fourth to help Los Angeles stay ahead. Cam Reddish had 17 points, including a corner 3 on a pass from James that put the Lakers up 118-113 with 1:10 remaining. Los Angeles grabbed three offensive rebounds on the position before Reddish made the shot. Los Angeles shot 9 of 17 (53%) from 3-point range in the second half.
Persons: LeBron James, James, D'Angelo Russell, “ We've, haven't, Kevin Durant, Bradley Beal, Devin Booker, Austin Reaves, Reaves, Cam Reddish, Reddish, Darvin Ham, ” Ham, Durant, ” Durant, Anthony Davis, Beal —, ___ Organizations: PHOENIX, Los Angeles Lakers, Phoenix Suns, NBA, Suns, Lakers, Angeles, Reddish, NEXT, Portland, Host Oklahoma City Locations: Los Angeles
HonestReporting's Gil Hoffman told Reuters his organisation had not claimed to know that there had been any prior knowledge by the news groups of the Hamas attack. "I was so relieved when all four of the media organisations said they didn't have prior knowledge," Hoffman said in an interview by telephone about the article. "I still very much think that the questions were legitimate and the answers were adequate from the media organisations themselves." Reacting to the HonestReporting article posted on X, the Israeli Foreign Ministry had described the use of the various images by the four news groups as "a serious violation of journalistic ethics." Despite HonestReporting's suggestions that the Palestinian photojournalists had secured their images in coordination with Hamas, he said he was "happy" their pictures had been published.
Persons: Esa Alexander, HonestReporting, HonestReporting's Gil Hoffman, Hoffman, Benjamin Netanyahu's, Danny Danon, photojournalists, Crispian Balmer, Edmund Blair Organizations: Hamas, REUTERS, Rights, Reuters, Associated Press, CNN, The New York Times, Palestinian, Israeli Foreign Ministry, Likud, United Nations, AP, Jerusalem Post, HonestReporting, Thomson Locations: Gaza, Israel, Palestinian, Beirut, Lebanon, Israeli
Bridgewater rigged its "believability weighting" system to keep founder Ray Dalio on top, a new book says. That's according to "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," out Tuesday from New York Times finance reporter Rob Copeland. Bridgewater's believability weighting system, in theory, was supposed to help determine how much weight a person's opinion carried and to help identify hidden talent within the firm. Bridgewater started experimenting with Dalio's believability weighting system with a prototype allowing staff to see each others' scores on a scale of 1-to-10, but Dalio wasn't pleased, the book said. In response to a request for comment from Insider on the book's assertions regarding the believability rating system, Bridgewater provided excerpts of letters that its lawyers sent to the book's publisher, St. Martin's Press.
Persons: Bridgewater, Ray Dalio, outranked, Dalio, , Rob Copeland, Dalio wasn't, He'd, Copeland Organizations: Service, Bridgewater Associates, New York Times, , Bridgewater, New, Martin's Press Locations: Bridgewater
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