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☆ Before Dylan, There Was Connie Converse. Then She Vanished.
▼ + stars: | 2023-05-06 | by ( Howard Fishman | ) www.nytimes.com time to read: +1 min

Connie Converse was a pioneer of what’s become known as the singer-songwriter era, making music in the predawn of a movement that had its roots in the Greenwich Village folk scene of the early 1960s. But her songs, created a decade earlier, arrived just a moment too soon. And by the time the sun had come up in the form of a young Bob Dylan, she was already gone. She had vanished from New York City, as she eventually would from the world, along with her music and legacy. student heard a 1954 bootleg recording of Ms. Converse on WNYC, that her music started to get any of the attention and respect that had evaded her some 50 years before.

☆ Gordon Lightfoot’s 10 Essential Songs
▼ + stars: | 2023-05-02 | by ( Rob Tannenbaum | ) www.nytimes.com time to read: +1 min

Bob Dylan once named Gordon Lightfoot one of his favorite songwriters, and called the musician “somebody of rare talent” while inducting him into the Canadian Music Hall of Fame in 1986. On Dylan’s 1970 album “Self Portrait,” he even recorded Lightfoot’s “Early Morning Rain,” and the respect was mutual — Lightfoot listened carefully to Dylan’s songs, which instilled in him “a more direct approach, getting away from the love songs,” he once said. In an expansive career that drew from Greenwich Village folk and Laurel Canyon pop, Gordon Meredith Lightfoot Jr., who died on Monday at 84, was embraced by a diverse group of musicians: Elvis Presley and Duran Duran, Lou Rawls and the Replacements. “Lightfoot’s is the voice of the romantic,” Geoffrey Stokes of The Village Voice wrote in 1974. “We’re capable of sensitivity and poetry.” In the process, Lightfoot became one of the most successful recording artists of the 1970s.

☆ A ‘Greenwich Village’ on the Prairie
▼ + stars: | 2023-05-02 | by ( Carson Vaughan | ) www.nytimes.com time to read: +2 min

Were I to write a Mari Sandoz biopic, I’d start with a shadow racing across her desk. I’d start at 3:30 p.m. on Wednesday, Jan. 16, 1935. I’d start with a 39-year-old hayseed — thin as a fence post and prickly as barbed wire — assaulting her typewriter on the ninth floor of the Nebraska State Capitol as a local bank teller plunges 135 feet to his death on the stone transept below. Perhaps I’d cut to the fingernail marks he left on the observation deck five floors above, or the note he left behind. “Why, I’d rather write my own way and dig ditches for my soup and hard tack than write lies for a yacht and sables.

☆ Surprises, snubs and a watershed moment that wasn’t.
▼ + stars: | 2023-05-02 | by ( Scott Heller | Alexis Soloski | ) www.nytimes.com time to read: +2 min

Not everyone can wake up to good news on Tony nominations morning. Then again, with a panel of voters often un-wowed by celebrity, the roster typically turns up left-field choices and anoints young talent. But the Tony committee gave the show’s team something to laugh about, lavishing six nominations, including two for Cooper himself: best play and best featured actor in a play. Cooper, who portrayed a saucy airline hostess named Peaches, gave it his all, onstage and off: When the show’s sudden closing was first announced, he took to Instagram to rally audiences. Yet Tony voters passed on nominating Oscar Isaac and Rachel Brosnahan for their sexy, impassioned portrayals of a fraying couple in 1960s Greenwich Village.

New York/London CNN —JPMorgan Chase is buying most assets of First Republic Bank and assuming all of the lender’s deposits in a deal announced Monday that was arranged by the US Federal Deposit Insurance Corporation. JPMorgan said it had acquired “the substantial majority of assets” and assumed the deposits, insured and uninsured, of First Republic Bank from the FDIC, the independent government agency that insures deposits for bank customers. The FDIC took control of the embattled First Republic and then immediately announced a sale of many of its assets and deposits. Silicon Valley Bank and Signature Bank both were taken over by the FDIC last month following runs on those banks by their customers. “As part of the transaction, First Republic Bank’s 84 offices in eight states will reopen as branches of JPMorgan Chase Bank, National Association, today during normal business hours,” it noted.

☆ What’s next for troubled First Republic Bank
▼ + stars: | 2023-04-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —First Republic Bank is still an independent bank. The FDIC had already done so with two other similar sized banks just last month — Silicon Valley Bank and Signature Bank — when runs on those banks by their customers left the lenders unable to cover customers’ demands for withdrawals. Nervous major depositorsThe financial report showed depositors had withdrawn about 41% of their money from the bank during the first quarter. In its earnings statement, the bank said insured deposits declined moderately during the quarter and have remained stable from the end of last month through April 21. So when customers lose confidence in a bank and rush to withdrawal their money, what is known as a “run on the bank,” it can cause even an otherwise profitable bank to fail.

☆ Watch CNBC's full interview with Greenwich Wealth's Vahan Janjigian on where to park cash
▼ + stars: | 2023-04-28 | 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 EmailWatch CNBC's full interview with Greenwich Wealth's Vahan Janjigian on where to park cashVahan Janjigian, chief investment officer at Greenwich Wealth Management, joins 'The Exchange' to discuss how the Fed's interest rate hikes provoked a regional bank crisis, a pullback in deposits, and opportunities in T-bills.

☆ Fed's aggressive rate policy caused the banking crisis, says Greenwich Wealth's Vahan Janjigian
▼ + stars: | 2023-04-28 | 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 EmailFed's aggressive rate policy caused the banking crisis, says Greenwich Wealth's Vahan JanjigianVahan Janjigian, chief investment officer at Greenwich Wealth Management, joins 'The Exchange' to discuss how the Fed's interest rate hikes provoked a regional bank crisis, a pullback in deposits, and opportunities in T-bills.

☆ Royal castles to luxury getaways: How to spend King Charles III's coronation weekend
▼ + stars: | 2023-04-26 | by ( Karen Gilchrist | Rob Goss | ) www.cnbc.com time to read: +7 min

The king has pledged a more scaled-back affair than that celebrated by his mother, the late Queen Elizabeth II, in 1953. Here's CNBC Travel's top picks for how to spend the coronation weekend. Watch the ceremonial processionThe coronation will take place at Westminster Abbey on May 6 in a service conducted by the Archbishop of Canterbury. Buckingham Palace, London residence of the reigning monarch of the United Kingdom, is open for tours outside of the coronation weekend. Picnic in the Royal ParksLondon's Royal Parks offer a more low-key way to absorb the royal atmosphere over the coronation weekend.

☆ A real-estate investor with a 311-unit portfolio shares a recession-proof strategy she's using that all but guarantees she receives market-value rent payments
▼ + stars: | 2023-04-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Anne Curry has a sizable real-estate portfolio of 311 units, much of it consisting of multifamily properties. But there's a recession-proof route that Curry and other landlords take: rent to low-income tenants with a voucher for rent, also known as Section 8 recipients. "If you were going to rent a unit out for, let's say $1,800, just market rate, to anyone...to get highest market rent, sometimes you need to do more on the remodel," she said. "Section 8 pays around market regardless of whether everything is completely rehabbed like you would if you were going to try to get highest market rent." Curry also recently discovered that there are grants for affordable housing landlords to update properties that are below living standards.

☆ Opinion: Top secrets come spilling out
▼ + stars: | 2023-04-16 | by ( Richard Galant | ) edition.cnn.com time to read: +16 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Writing for CNN Opinion, Rep. Justin Pearson noted, “This should be a chastening moment for revanchist forces in Tennessee’s legislature and across the country. Over the long haul, the undemocratic machinations employed to oust us from office are destined to fail. Dr. Martin Luther King, Jr. once famously said that the moral arc of the universe bends toward justice. “As a Jewish historian,” Perry wrote, “I worry about the tension between preserving the memory of past hardships while not locking our entire history into a tale of oppression.

☆ Picasso: Love Him or Hate Him?
▼ + stars: | 2023-04-05 | by ( Deborah Solomon | April | ) www.nytimes.com time to read: +14 min

It is not hugely cool to profess a love for Picasso these days. This is what Picasso’s detractors — like Hannah Gadsby, the Australian comedian and Picasso basher, who will help curate a Picasso show at the Brooklyn Museum opening on June 2 — often miss. Picasso, by contrast, brought the weight of lived experience into his work, even when he was tethered to archetypal subjects. “The Mother” (1901), an early painting by Picasso, shows a view of motherhood purged of Renaissance idealization. The conventional view of the painting holds that the women are “dolled-up cocottes,” as John Richardson glibly put it in his biography of Picasso.

☆ Bill Gates' daughter reportedly paid $51 million for this NYC penthouse—it comes with 3,400 square feet of outdoor space
▼ + stars: | 2023-04-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Bill Gates' eldest daughter, Jennifer Gates, might now be calling a $51 million New York City penthouse home. 443 Greenwich Street is known for being home to other celebrities like Meg Ryan, and Blake Lively and Ryan Reynold. The penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space with a plunge pool. Gates' penthouse apartment is 8,900 square feet and has a 3,400 square-foot outdoor space. 443 Greenwich Street was designed with an indoor courtyard, which is rare for buildings in New York City.

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ This cofounder wants to bring transparency to Wall Street's ultra-secretive trading world, and make some jokes along the way
▼ + stars: | 2023-03-25 | by ( Paige Hagy | Carter Johnson | ) www.businessinsider.com time to read: +7 min

Proof Trading is a brokerage that's trying to increase transparency in trading. When she's not busy at her nine-to-five running a brokerage, Allison Bishop is doing finance-themed standup comedy. Proof Trading offers its clients — and the broader public — a look into its systems and decision-making processes. Using humor to help educateBishop does stand-up comedy on the side, finding making fun of the industry to be therapeutic. "There's always a risk that people don't care enough about the problem," Bishop said.

☆ Gen Zers are basing their travel plans on where TV shows like 'The White Lotus' are set
▼ + stars: | 2023-03-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Gen Zers and millennials are turning to movies and TV shows for travel inspiration in a trend dubbed set-jetting. This includes a boom in bookings for the hotels in Hawaii and Italy "The White Lotus" was filmed at. In particular, travelers have been scrambling to visit the resorts where the first two seasons of HBO's hit "The White Lotus" were set. When season one was broadcast, web traffic to the Four Seasons Maui resort increased 425% year-over-year, Four Seasons told Bloomberg. To visit the Taormina hotel for a week in July, many of the lower-priced options have already sold out and two-person rooms start at around $3,500 per night.

☆ Russia presses along Ukraine front after reports of Bakhmut slowdown
▼ + stars: | 2023-03-24 | by ( Mike Collett-White | ) www.reuters.com time to read: +7 min

As winter turns to spring, the main question in Ukraine is how much longer Russia can sustain its offensive, and when or whether Ukraine can reverse the momentum with a counterassault. [1/5] Anti-aircraft unit serviceman of the 10th Mountain Assault Brigade, call sign "Chub", 34, prepares to pose for a portrait with a portable anti-aircraft missile system, amid Russia's attack on Ukraine, near Soledar north of Bakhmut, Ukraine March 23, 2023. The International Committee of the Red Cross said some 10,000 Ukrainian civilians, many elderly and with disabilities, were clinging on in horrific circumstances in Bakhmut and surrounding settlements. Russia invaded Ukraine in February 2022, saying Ukraine's ties to the West were a security threat. Since then, tens of thousands of Ukrainian civilians as well as soldiers on both sides have been killed.

☆ Zara is opening or revamping nearly 30 stores in the US by 2025 — here's where they're located
▼ + stars: | 2023-03-15 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Inditex is planning to open at least 10 new Zara stores across the US by 2025. At least a dozen other Zara locations will be revamped or enlarged, the retailer said. "This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said. Foot traffic is up at Zara stores around the world, and Inditex reported a 23% jump in store sales in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti. Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US.

☆ Instant View: U.S. February CPI increase leaves market guessing on Fed
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +9 min

Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. So they're going to have to respond to the banking crisis that's probably just not over yet." If the Fed’s worried about saving face or coming off as wishy washy or worried about losing credibility with the market, they're going to raise by 25 basis points.

☆ VIEW US intervenes to shore up SVB deposits, stem financial fallout
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +10 min

March 13 (Reuters) - The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SIVB.O) (SVB), sending U.S. stock futures higher. "The market turbulence sparked by SVB has upended rising market expectations on the Fed rate path. The fact that SVB and Signature Bank depositors will be made whole is critical in maintaining trust in the financial system and should help stem contagion fears this week. But it also means that 50 basis points (a possible Fed interest rate hike) is off the table." Given what's happened in the U.S. financial system, a 25 basis point hike is more likely than a 50 basis point hike."

☆ Instant view: US intervenes to shore up SVB deposits, limit financial fallout
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +11 min

March 13 (Reuters) - The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SIVB.O) (SVB), sending U.S. stock futures higher. ALVIN TAN, HEAD OF ASIA FX STRATEGY, RBC CAPITAL MARKETS, SINGAPORE:"Markets remain unsettled from the SVB failure. "The market turbulence sparked by SVB has upended rising market expectations on the Fed rate path. ANTHONY SAGLIMBENE, CHIEF MARKET STRATEGIST, AMERIPRISE FINANCIAL, TROY, MICHIGAN:"It was imperative that regulators stepped in and decisively acted before markets around the world opened for the week. GREG MCBRIDE, CHIEF FINANCIAL ANALYST, BANKRATE:"While the Fed has talked about a lot in the past year, until today it has been in the context of monetary policy.

☆ In New England’s Priciest ZIP Code, Home Sales Can Reach $50 Million and Up
▼ + stars: | 2023-03-02 | by ( Jessica Flint | Photographs Axel Dupeux For The Wall Street Journal | ) www.wsj.com time to read: 1 min

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☆ Job cuts, a sole CEO, and AI bets: How Bridgewater is shaking itself up after the Ray Dalio era
▼ + stars: | 2023-03-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

The firm's CEO, Nir Bar Dea, said in a memo that it would lay off employees and restructure. Bar Dea had been a rising star at Bridgewater, which has transitioned leadership in recent years. Former co-CEO Mark Bertolini is also stepping out of the role and returning to Bridgewater's board as an independent director, leaving Bar Dea as sole CEO. "Over time, we expect this platform to produce the next round of growth in the business," Bar Dea wrote. 'Finding a home'As far as high finance executives go, Bar Dea has an unexpected background.

☆ Austin is the No. 1 fastest-growing U.S city for millionaires—see where else made the list
▼ + stars: | 2023-03-01 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Henley and Partner's 2023 wealth report found that America's fastest growing cities for millionaires all experienced a 70% millionaire growth from 2012 to 2022. According to Henley and Partner's 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them. 1 city on the list is Austin, Texas. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. Thanks to that influx, Austin has also become a growth market for luxury real estate, according to Henley and Partner's 2023 wealth report.

☆ See inside the penthouse Bill Gates' daughter Jennifer reportedly just paid $51M for in a 'paparazzi-proof' NYC luxury building
▼ + stars: | 2023-02-25 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +1 min

443 Greenwich Street in Manhattan's Tribeca is home to many celebrities and is known for being 'paparazzi-proof' because of its underground garage. The outside of 443 Greenwich Street in Tribeca. Credit David Sundberg/Esto, Courtesy CetraRuddyCelebrities like Jake Gyllenhaal, Justin Timberlake and Jessica Biel, and Blake Lively and Ryan Reynolds have previously purchased apartments in the building. The underground garage is particularly appealing to those who need to dodge paparazzi. "It has been called 'paparazzi-proof' for its punched windows, original brick masonry façade, and secure drive-in garage access."

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