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PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. But Federal Reserve officials are still trying to assess whether the cool down is likely to be quick and complete. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

Persons: ”, Laura Rosner, Warburton, it’s, . Rosner, Airfares, “, Beth Weaver, Loretta Mester, ” Julia Pollak Organizations: Federal Reserve, Federal, Consumer, Buick GMC, Fed, Federal Reserve Bank of Cleveland, ZipRecruiter Locations: Erie, Pa

CNN —House Republicans unloaded a barrage of criticism directed toward FBI Director Christopher Wray Wednesday, outlining a litany of complaints while Wray testified before the House Judiciary Committee. Chairman Jim Jordan opened the hearing launching into a wide array of attacks on the FBI. “House Republicans will attack the FBI for having had the audacity to treat Donald Trump like any other citizen. FBI Director Christopher Wray is sworn in prior to testifying before a House Judiciary Committee hearing. “We did stand up a whole dedicated unit to focus on threats to FBI, individuals, FBI employees and FBI facilities because of the uptick that we saw over that time period,” Wray said.

Persons: Christopher Wray, Wray, Jim Jordan, Hunter Biden, Donald Trump, Joe Biden, “, ”, Matt Gaetz, ” Wray, ” Gaetz, Edgar Hoover, Gaetz, Jonathan Ernst, ’ Wray, Trump . Jordan, Jordan, Jerry Nadler, ” Nadler, Saul Loeb, –, John Durham, Biden, Hunter, ” that’s, ” Jordan, Thomas Massie, Massie, Nadler, Jack Smith’s, – Wray Organizations: CNN — House Republicans, FBI, Catholic Church, Florida Republican, Reuters, GOP, Foreign Intelligence, Republican, Trump ., Ohio Republican, Republicans, Trump, DOJ, FISA, “, White, ” New York Rep, ”, Committee, Getty, CNN, US State Department, Biden, White House, Democratic National Committee, Capitol, Trump’s Locations: Richmond, Florida, Washington , DC, Ohio, United States, Russia, Durham, Ukrainian, Louisiana, Kentucky, Lago, Mar

☆ Jurors urged to impose heavy punitive damages in J&J talc trial
▼ + stars: | 2023-07-10 | by ( Brendan Pierson | ) www.reuters.com time to read: +3 min

J&J has consistently denied that its now-discontinued talc baby powder contains asbestos or causes cancer. Satterley asked jurors to award Hernandez punitive damages about nine times greater than so-called compensatory damages, which include $3.8 million for his medical costs as well as damages for pain and suffering. The U.S. Supreme Court has found that punitive damages should generally be no more than nine times compensatory damages, and that a higher ratio can be reduced on appeal as excessive. J&J has said its talc products are safe and do not contain asbestos, which has been linked to mesothelioma. J&J said in bankruptcy court filings that the costs of its talc-related verdicts, settlements and legal fees have reached about $4.5 billion.

Persons: Johnson, Mike Segar, ” Joseph Satterley, Emory Hernandez Valadez, Satterley, Hernandez, Allison Brown, “, Michael Kaplan, LTL, J Organizations: Reuters, REUTERS, Alameda County Superior Court, U.S, Supreme, LTL Management, LTL’s Locations: California, Johnson, New York, Alameda County, Trenton , New Jersey

☆ Married to an Art Monster
▼ + stars: | 2023-07-02 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

THE EXHIBITIONIST, by Charlotte Mendelson“I prefer stories about squalor,” J.D. Esmé would have gone nuts for “The Exhibitionist,” the fifth novel by the English writer Charlotte Mendelson, which was longlisted for the Women’s Prize for Fiction in 2022. Set in sophisticated if not exactly moneyed quarters of London, with excursions to Edinburgh, it’s a model of tightly controlled domestic chaos. Google the word “exhibitionist” and you will surface some unsavory porn sites. There’s a big party planned, with a “full Mediterrfusion tasting menu” and early foreboding that it will not go well.

Persons: Charlotte Mendelson “, ”, Salinger’s Esmé, Esmé, Charlotte Mendelson, it’s, Ray Hanrahan, Ray, Al Locations: London, Edinburgh

☆ Judge Denies Request to Seal Witness List in Trump Documents Case
▼ + stars: | 2023-06-26 | by ( Alan Feuer | ) www.nytimes.com time to read: +1 min

The federal judge overseeing former President Donald J. Trump’s prosecution on charges of illegally holding on to sensitive national security documents denied on Monday the government’s request to keep secret a list of witnesses with whom Mr. Trump has been barred from discussing his case. The ruling by Judge Aileen M. Cannon, in the Southern District of Florida, means that some or all of the list of 84 witnesses could at some point become public, offering further details about the shape and scope of the case that the special counsel Jack Smith has brought against Mr. Trump. The government’s request to keep the names of the witnesses secret “does not offer a particularized basis to justify sealing the list from public view,” Judge Cannon wrote in her brief order. “It does not explain why partial sealing, redaction or means other than sealing are unavailable or unsatisfactory, and it does not specify the duration of any proposed seal.”One of the conditions that a federal magistrate judge placed on Mr. Trump when he walked free from his arraignment this month was a provision prohibiting him from discussing the facts in his indictment with any witnesses in the case. The indictment accused Mr. Trump of willfully retaining 31 individual national security documents and obstructing the government’s repeated efforts to reclaim them.

Persons: Donald J, Trump, Judge Aileen M, Cannon, Jack Smith, ”, Mr Organizations: Southern District of, Mr Locations: Southern District, Southern District of Florida

☆ Facing Brutal Heat, the Texas Electric Grid Has a New Ally: ‌Solar Power
▼ + stars: | 2023-06-23 | by ( J. David Goodman | ) www.nytimes.com time to read: +1 min

Strafed by powerful storms and superheated by a dome of hot air, Texas has been enduring a dangerous early heat wave this week that has broken temperature records and strained the state’s independent power grid. But the lights and air conditioning have stayed on across the state, in large part because of an unlikely new reality in the nation’s premier oil and gas state: Texas is fast becoming a leader in solar power. The amount of solar energy generated in Texas has doubled since the start of last year. And it is set to roughly double again by the end of next year, according to data from the Electric Reliability Council of Texas. Already, the state rivals California in how much power it gets from commercial solar farms, which are sprouting across Texas at a rapid pace, from the baked-dry ranches of West Texas to the booming suburbs southwest of Houston.

Persons: ” Joshua Rhodes Organizations: Electric, of Texas, California, University of Texas Locations: Texas, West Texas, Houston, Austin

☆ The director and deep-sea explorer James Cameron points to flaws in the Titan submersible’s design.
▼ + stars: | 2023-06-22 | by ( William J. Broad | ) www.nytimes.com time to read: +1 min

“We’ve never had an accident like this,” James Cameron, the Oscar-winning director of “Titanic,” said on Thursday. Mr. Cameron, an expert in submersibles, has dived dozens of times to the ship’s deteriorating hulk and once plunged in a tiny craft of his own design to the bottom of the planet’s deepest recess. In an interview, Mr. Cameron called the presumed loss of five lives aboard the Titan submersible from the company OceanGate like nothing anyone involved in private ocean exploration had ever seen. An implosion in the deep sea happens when the crushing pressures of the abyss cause a hollow object to collapse violently inward. If the object is big enough to hold five people, Mr. Cameron said in an interview, “it’s going to be an extremely violent event — like 10 cases of dynamite going off.”

Persons: “ We’ve, ” James Cameron, Oscar, ”, Cameron, “ There’ve, “ it’s Organizations: Titan

☆ NFL underlines gambling policy for players with six ‘key rules’ after recent spate of violations
▼ + stars: | 2023-06-21 | by ( Ben Morse | Wayne Sterling | ) edition.cnn.com time to read: +3 min

CNN —The NFL has stiffened its gambling policy for players by introducing six ‘key rules’ after a recent spate of violations. Don’t bet on the NFL;2. And don’t bet when you’re at work, wherever work happens to be in that moment. Rodgers added he made an “error in judgment.”In April, the NFL suspended five players for violating the league’s gambling policy. Moore of the Detroit Lions and Shaka Toney of the Washington Commanders were suspended indefinitely for betting on NFL games during the 2022 season.

Persons: Don’t, ” Jeff Miller, “ Don’t, That’s, you’re, ” Miller, Isaiah Rodgers, Rodgers, ”, Quintez, . Moore, Shaka Toney, Stanley Berryhill, Jameson Williams, Calvin Ridley, Roger Goodell, ” Goodell, “ We’ve, foolproof Organizations: CNN, NFL, Indianapolis Colts, Detroit Lions, Washington Commanders, Lions, Jacksonville Jaguars, Atlanta Falcons, Spring League Locations: Minnesota

☆ Titan submersible: Search crews heard banging sounds while scouring the Atlantic for manned craft now running out of oxygen
▼ + stars: | 2023-06-21 | by ( Nouran Salahieh Ray Sanchez Priscilla Alvarez | Nouran Salahieh | Ray Sanchez | ) edition.cnn.com time to read: +17 min

The banging on Tuesday first came every 30 minutes and was heard again four hours later, according to an internal government memo update on the search. The search for the missing submersible Titan has broadened to an area about two times the size of Connecticut. It was unclear when exactly the banging was heard Tuesday or how long it lasted, based on the memo. We have to keep working until we find the submersible,” Joyce Murray, minister of Fisheries, Oceans and the Canadian Coast Guard, told reporters Wednesday. If the submersible is intact, the passengers would be dealing with dwindling oxygen levels and fighting cold, he told CNN.

Persons: Jamie Frederick, ”, Frederick, Stone, ” Joyce Murray, “, Ray Scott “ Chip ” McCord, ” Scott, David Hiscock, we’ve, John Mauger, ” Carl Hartsfield, John Cabot –, Hamish Harding, Shahzada Dawood, Sulaiman Dawood, Paul, Henri Nargeolet, ” David Gallo, John’s, Gallo, ” Gallo, Joe MacInnis, who’s, Frederick didn’t, Mauger, David Lochridge, Lochridge, OceanGate, Oceangate, ” OceanGate, Suleman Dawood, Stockton Rush, J, Van Gurley, Gabe Cohen, ” Cohen, Aaron Newman, ” John “ Danny ” Olivas, ” Olivas, CNN’s Victor Blackwell Organizations: CNN, US Coast Guard, Coast Guard, Fisheries, Canadian Coast Guard, OceanGate Expeditions, Canadian Armed Forces, New York Air National Guard, U.S . Air Force, “ CBS, Naval, Oceanographic Systems Laboratory, USCG, National Oceanic, Atmospheric Administration, NOAA, Stockton Rush, Strategic Initiatives, Daylight, Horizon Services, US Navy, Facebook, OceanGate, Titan, Manned, Vehicles, Marine Technology Society, New York Times, Times, Stockton, Polar Prince, Navy, KOMO, CBS Locations: Connecticut, Canadian, Everest, NewfoundlandSaturday, Cape Cod , Massachusetts, OceanGate, Rush, Titan

☆ Bad Bunny asks for reggaeton copyright lawsuit to be thrown out
▼ + stars: | 2023-06-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Bad Bunny and some of the music industry’s biggest stars want a lawsuit that alleges copyright infringement of a 1989 song thrown out of court. Lawyers from Freundlich Law representing Benito Antonio Martinez Ocasio, known as the superstar Bad Bunny, filed a motion to dismiss the lawsuit Thursday, arguing the musical elements in question don’t fall under copyright protection. Bad Bunny himself is accused in the lawsuit of copyright infringement for 77 songs, the motion said. The lawsuit was originally filed in 2021. Stars from Taylor Swift to Led Zeppelin have been involved in legal battles over their music.

Persons: Benito Antonio Martinez Ocasio, Bad Bunny, Clevie, Wycliffe Johnson, Cleveland Browne, Shabba, ” Johnson, Bad, Pryor Cashman, Pitbull, Justin Bieber, Karol G, Enrique Iglesias, Ricky Martin, Jason Derulo, J Blavin, Luis Fonsi, Daddy Yankee, Becky G, Rosalia, Diplo, ”, Pitbull’s Mr, Ed Sheeran’s, Marvin Gaye, ” Pryor Cashman, Sheeran, Taylor Swift, Zeppelin Organizations: New, New York CNN, Freundlich Law, WK Records, CNN Locations: New York, Jamaican, Ozuna, Manhattan

☆ Nikola Jokić temporarily loses MVP trophy ahead of Denver Nuggets parade
▼ + stars: | 2023-06-15 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —For most people, after winning the NBA Finals MVP trophy, you wouldn’t let it out of your sight. But Nikola Jokić is not most people, and the Denver Nuggets star seemed to have misplaced his award. After dominating in the Denver Nuggets’ 4-1 NBA Finals win over the Miami Heat, Jokić deservedly picked up the award given to the best player throughout the series. The Denver Nuggets' Championship Celebration gets underway Thursday. The Denver Nuggets’ championship celebration starts with a pre-rally at 11:00 a.m.

Persons: Nikola Jokić, Jokić deservedly, Jokić, ESPN’s Malika Andrews, Russell, Andrews, “, ” Jokić, Sparky Gonzales ’, ” Andrews, –, Isaiah J, Downing, ’ Jokic, Don’t, ESPN’s Lisa Salters, ”, Garrett Ellwood Organizations: CNN, NBA, Denver Nuggets, Miami Heat, Serbian, USA, Reuters, Star, The Denver Nuggets, Union Station Locations: Serbia, Denver

☆ How to Find a Real Estate Agent
▼ + stars: | 2023-06-14 | by ( Aly J. Yale | ) www.wsj.com time to read: +15 min

According to the Association of Real Estate License Law Officials, more than three million people hold active real estate licenses in the U.S. That’s a lot of people with a range of experience and expertise. That’d be “knowledge,” says Philip Hordijk, founder of real-estate brokerage Leven Real Estate. A note of caution: Think hard before choosing a friend or family member to help with a real estate transaction. Search online directories—with careThere are plenty of third-party real estate sites that offer agent directories, too, including Realtor.com and Zillow. Real-estate broker vs. agentThere is also a differentiation between a real-estate agent and a real-estate broker.

Persons: Aly J, ”, Jonathan Rundlett, “, Philip Hordijk, Kimberly Jay, I’m, ” Jay, Jeremy Kamm, ” Kamm, —, Jesse Sheldon, don’t, ” Hordijk, Christian Ross, Völkers, Desiree Avila, Charles Rutenberg, Johnny, you’re, ” Ross, Bret Weinstein, ” You’ll, you’ve, Sellers, Hordijk Organizations: Yale, Association of Real, License, National Association of Realtors, Compass, Real, Engel, Exxon Mobil, Houston Association of Realtors, NAR, News Corp, Street, Realtors Locations: U.S, Leven Real Estate, New York, New York City, Seattle, Fort Lauderdale, Avila, Houston, Denver, In Texas

“There is unprecedented interest in all areas of A.I.,” Julie Sweet, Accenture’s C.E.O., said. Accenture plans to double its A.I.-focused staff to 80,000, through a mix of hiring, acquisitions and training. It also plans to use generative A.I. moves, too: PwC said in April that it would invest $1 billion over the next three years, while EY announced in 2021 that it would invest $2.5 billion over three years. work dates back at least to the introduction of Watson, has announced a “Center of Excellence” for generative A.I.

Persons: ” Julie Sweet, Accenture’s, PwC, EY, Bain, Watson Organizations: Accenture, Company, OpenAI, Deloitte, Nvidia, IBM Locations: A.I

☆ China to Build Station That Could Spy on U.S. from Cuba, Officials Say
▼ + stars: | 2023-06-08 | by ( Karoun Demirjian | Edward Wong | ) www.nytimes.com time to read: +2 min

The Wall Street Journal first reported on plans to build a facility in Cuba. President Biden’s National Security Council pushed back against reports of the planned facility. “This report is not accurate,” John Kirby, the council spokesman, said in a statement, declining to go into further detail. Bilateral relations had a further setback earlier this year when a Chinese spy balloon was caught traversing the United States, hovering near sensitive military sites. It is unclear if the latest revelations about the planned facility in Cuba could affect the visit once again.

Persons: Biden, ” John Kirby, Mr, Kirby, Nancy Pelosi’s, Antony J, Blinken, Jake Sullivan, Wang Yi Organizations: Street Journal, Biden’s National Security Council, Mr Locations: —, Beijing, Cuba, Taiwan, United States

☆ James Beard Award 2023 winners announced
▼ + stars: | 2023-06-06 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com time to read: +12 min

The awards have been presented in the Windy City since 2015 and are set to remain there through 2027. Like last year, much of the 2023 show was focused on showcasing the new push for greater diversity. The James Beard Foundation has been mired in controversy over the past few years. The winner of the South category, Natalia Vallejo, is the first Puerto Rican native to win a James Beard Award. Here’s the full list of the 2023 James Beard Restaurant and Chef Awards nominees.

Persons: James Beard, Eric Adjepong, Esther Choi, Andrew Zimmern, Gail Simmons, ”, ” Simmons, Gregory Gourdet, Kann, ” Sherry Pocknett, Sly Fox, James, Ellen Yin, J.B . Pritzker, Chicago Mayor Brandon Johnson, foodie, James Beard’s, “, Timothy Hontzas, Sam Fore, Mariah Carey, Monti Carlo, Natalia Vallejo, Rachel Miller, Nightshade Noodle, Lynn, Niki Nakayama, Erik Ramirez, NY Rob Rubba, Hajime Sato, Sozai, Celeste Noche, NY Don, Brandon Chrostowski, Greg Dulan, CA Aaron Hoskins, Sarah Simmons, Elie Yigo, Quynh Pham, WA Ellen Yin, Damarr Brown, Virtue, Rashida, LA Charlie Mitchell, Clover, NY Amanda Shulman, Angelo, Bakeshop, Zak, Baker, Baker Veronika Gerasimova, Elaine Uykimpang Bentz, Café Mochiko, Vince Bugtong, Margarita Manzke, CA Shawn McKenzie, Café, AL Lula Drake, Los Angeles , CA Spencer, Ann, Brownsville , TX Rob Roy, California Gilberto Cetina Jr, CA Kyle, Katina, Brandon Hayato Go, Hayato, Los Angeles , CA Justin Pichetrungsi, Carlos Salgado, Taco, Omar Anani, Saffron De, Diana Dávila, IL Tim Flores, Genie Kwon, IL Andy Hollyday, MI Sarah Welch, Marrow, Jesse Ito, Cantina La, Kate Lasky, Tomasz Skowronski, Michael Rafidi, Sanaa, Gregory León, Francesco Mangano, Osteria, Madison , WI Itaru Nagano, Andrew Kroeger, Madison , WI David Utterback, Salvador Alamilla, Amano, Caldwell, Michael Diaz de Leon, Suchada Johnson, WY Kris Komori, Ali Sabbah, Brooklyn , NY Mary Attea, Amanda Cohen, Dirt, Valentine Howell, Hunter, CT Sherry Pocknett, Renee Touponce, Joshua Dorcak, Vince Nguyen, Thomas Pisha, Gado, Beau Schooler, Bocca Al, AK Aaron Verzosa, KY Josh Habiger, TN Sam Hart, NC Terry Koval, Paul Smith, Ana Castro, Lengua, LA Timothy Hontzas, AL Henry Moso, Alex Perry, Kumi Omori, Cocina al, Oscar Amador, Kaoru Azeuchi, KAISEKI, Andrew Black, Jeff Chanchaleune, Ma Der, Justin Pioche, Texas Reyna, Painter, Houston , TX Emiliano Marentes, El Paso , TX John Russ, Clementine, San Antonio , TX Ernest Servantes, David Kirkland, Jim Embry, Valerie Horn, Savi ” Horne, Ira Wallace, Olivia Watkins, Karen Washington, Madur Jaffrey Organizations: Washington , D.C, Lyric Opera of, Illinois Gov, Chicago Mayor, Philadelphia, James Beard Foundation, James, New York Times, CNN, Foundation, WA Coracora, Sunday, of Culture, NY, Neng, EDWINS, Restaurant Institute, Hospitality, SC Yenvy, Street Hospitality, Mbaye, Dakar, WA Bottega, AL, SC, Beverages, Merchant, WA BEST, Sherman, Taco María, Selden, D.C, Madison , WI Itaru, Fairchild, Madison , WI, WY, New, New York State, NY Shaina Loew, Pacific, AK, TN, EDO, Food, Burnt Bean, Sustainable Communities Network, Cooperative Farming, Community Center, Southern, Sierra, Burgerville Workers Union, Black Farmer Fund Locations: Philadelphia, Haitian, Pacific, Washington ,, Lyric Opera of Chicago, livestream, Windy City, Boise , Idaho, Madison , Wisconsin, Oklahoma, Monson , Maine, Haiti, Charlestown , Rhode Island, Puerto Rican, Los Angeles, Brooklyn, NY, Washington, Clawson, MI, Seattle, West Hartford, Philadelphia ,, Lucia, Dallas ,, Cincinnati, Portland , Oregon, of Culture , New York, Mexican, Fort Worth , TX Kann, Portland, Milwaukee ,, Asheville , NC, Chicago, Houston , TX, Cleveland, Crenshaw, Columbia, WA, Rashida Holmes, Bridgetown Roti, Los Angeles ,, Dakar NOLA , New Orleans, LA, Clover Hill, New Orleans, Richardson ,, Kansas City ,, Miami, Billings, San Francisco ,, Café Cerés, Minneapolis, Cypress, Pullman, Birmingham, Quarry, Monson, IL, New York, Houston ,, Ann Arbor, Honolulu, Shawnee, KS, Las Vegas, Brownsville , TX, Healdsburg, Sherman Oaks, Costa Mesa ,, Lakes, Saffron De Twah, Detroit ,, Detroit, NJ, PA, , Philadelphia, Cantina La Martina, Apteka, Pittsburgh, Albi , Washington, Kalaya, MN, MO, Sioux Falls, Amilinda, Milwaukee, Osteria Papavero, Madison ,, Yoshitomo, Omaha, UT, WY, Salvador, BRUTØ, Denver, Teton, Teton Village, Boise, Salt Lake City, Sofreh, Brooklyn , NY, , New York, Hudson, Atomix , New York, NH, RI, Krasi, Boston, New Preston, Charlestown, Siu, Yunnan, The, MÄS, Ashland, Berlu, Gado Gado, Bocca Al Lupo, Juneau, Archipelago, KY, NC, TN, WV, Lexington, Bastion, Nashville, Charlotte, Decatur, Charleston, Lengua Madre , New Orleans, Homewood, Orlando, Springs, Cocina, Cocina al Fondo, San Juan, AZ, NM, Oklahoma City, Fruitland, Navajo Nation, Sandwich Hag, El Paso , TX, San Antonio ,, Seguin ,, City of Whitesburg

☆ Boris Johnson at center of Covid inquiry dispute. For once it’s not about him
▼ + stars: | 2023-06-02 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

The inquiry recently requested that it be given access to the private messages of a number of government officials – including Johnson. That request was made to the Cabinet Office, an important government department that supports the PM and the cabinet in nearly all areas of government. On Friday, Johnson went around the Cabinet Office and published a letter in which he agreed to share his personal WhatsApp messages and handwritten notebooks directly with the inquiry. The release of phone messages could be embarrassing for Rishi Sunak and anyone serving in his government who also served under Boris Johnson. The official Cabinet Office position is that it is questioning whether an inquiry should have the legal authority to make such sweeping demands.

Persons: London CNN — Boris Johnson, Johnson, Rishi Sunak, ” Johnson, Boris Johnson, Jeff J Mitchell, Angela Rayner, Sunak, ” Organizations: London CNN, British, Office, Getty, CNN, Labour Party, Downing, Conservative

☆ Opinion | Two Ways of Looking at the Stock Market’s Rise
▼ + stars: | 2023-05-31 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Gains in the U.S. stock market this year have been concentrated among a handful of immensely valuable tech companies. Technology and communications services stocks in the Standard & Poor’s 500 are up more than 30 percent this year to date. Consumer discretionary stocks are up this year as well — by around 18 percent — but all of the other eight S&P 500 sectors are down. What is the hyper-narrow stock market advance telling us about prospects for the economy, and should we pay attention? The pessimistic take is that it’s unhealthy for a market — and an economy — when all the good news is concentrated in a handful of sectors.

Persons: “, ” JoAnne Feeney, ” Mona Mahajan, Edward Jones Organizations: Technology, Advisors Capital Management Locations: U.S, Ridgewood, N.J

☆ Elite High School’s Admissions Plan May Face Supreme Court Test
▼ + stars: | 2023-05-29 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

In the coming weeks, the Supreme Court is very likely to forbid colleges and universities to use race as a factor in admissions decisions. Indeed, when the cases challenging the admissions programs at Harvard and the University of North Carolina were argued in October, some justices were already looking at the next question on the horizon: whether admissions officers may promote racial diversity by using race-neutral criteria. Those changes produced a class with more Black and Hispanic students and many fewer Asian American ones. In a dissent from last week’s decision that seemed to be addressed to the Supreme Court, Judge Allison J. Rushing wrote that the majority had refused “to look past the policy’s neutral varnish” and consider instead “an undisputed racial motivation and an undeniable racial result.”

☆ Opinion: The ultimate ‘Succession’ lesson
▼ + stars: | 2023-05-28 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Walt Handlesman/Tribune Content AgencyIn a much more ominous vein, the theme of survival dominates the HBO show “Succession,” which is coming to an end Sunday. She’s so caught up in beating her brothers at the succession game that she can’t see this baby as anything but an obstacle.”“Ultimately, this storyline is a perfect encapsulation of the larger tragedy that is ‘Succession,’” Bodenheimer added. The contest for the 2024 GOP presidential nomination heated up last week with the official entry of Florida Gov. Ron DeSantis, former President Donald Trump’s strongest challenger in the polls.

☆ Telco tycoons’ UK bets look stuck underwater
▼ + stars: | 2023-05-25 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

Set those complications aside, however, and his stake-building may have cost about 4.2 billion pounds overall since 2021. That’s according to Breakingviews calculations which use the share price from the day before each stake increase became public. The holding is now worth 3.6 billion pounds, implying a nearly 560 million pound or 13% loss. That’s mild compared with some of Vodafone’s investors. But UK consolidation would hardly move the needle as Vodafone is haggling to retain control of the merged entity.

☆ Biden Campaign, Barely in Gear, Inches Toward 2024
▼ + stars: | 2023-05-10 | by ( Reid J. Epstein | Shane Goldmacher | ) www.nytimes.com time to read: +1 min

Two weeks after President Biden unveiled his re-election bid, his campaign manager has yet to start the job, his seven co-chairs have not had a group discussion and his team has made little outreach to allies in Congress. For all the attention on Mr. Biden’s gauzy announcement video and the symbolism his campaign attributed to the day he entered the race — precisely four years after he began his 2020 bid and with the same message of saving the nation’s very soul — there is little evidence of the typical preparation for a national political campaign. Mr. Biden’s top advisers insist the limited-release nature of his 2024 campaign is boring by design. They say they are holding down costs by outsourcing as much as possible to the Democratic National Committee while the president’s senior staff members remain ensconced in top White House roles that allow them to engage in campaign strategy. “All of the pieces that should and need to fall into place will,” Jeffrey Katzenberg, the Hollywood mogul and Democratic megadonor and one of the Biden campaign co-chairs, said in an interview.

Follow for live updates on the Trump CNN town hall meeting. Those objections intensified on Tuesday after Mr. Trump was found liable for the sexual abuse and defamation of the writer E. Jean Carroll. And foes of Mr. Trump will cringe at seeing him on air at all. He is backed by David Zaslav, the Warner chief executive, who has batted away objections to Wednesday’s Trump town hall. There is the awkward fact that Mr. Trump still has a pending $475 million defamation lawsuit against the network.

☆ Hurricanes of Data: The Tiny Craft Mapping Superstorms at Sea
▼ + stars: | 2023-05-09 | by ( Porter Fox | ) www.nytimes.com time to read: +35 min

The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.

In the years that followed, male athletes treated their first sub-four-minute mile as a watershed moment – a rite of passage on the way to becoming a top middle-distance runner. “Back then, getting under that four-minute mile was a big thing, especially for milers,” he added. Edmund Hilary and Sherpa Tenzing Norgay had become the first people to summit the world’s highest peak the year before, and the first four-minute mile duly became running’s own Everest summit, expanding perceptions of human potential. Wes Santee, seen here competing in a three-mile cross-country race, came close to running a sub-four-minute mile during his career. “It still has some mystique,” Magness says about the status of the four-minute mile today.

☆ Abdul Wadud’s Cosmic Cello Music Gets Another Moment in the Sun
▼ + stars: | 2023-05-01 | by ( Hank Shteamer | ) www.nytimes.com time to read: +2 min

But less than three months after Wadud handed over the “By Myself” master tapes, he died at age 75 from complications of multiple illnesses. Image “By Myself” was first released in 1977. Credit... Gotta Groove RecordsThe cellist’s son, the R&B singer Raheem DeVaughn, sees the new edition of “By Myself” as key to preserving his father’s legacy. “I think it’s going to warm his heart,” he said, clarifying his belief that those who have died are still spiritually present. In 1977, when he entered the Manhattan studio Blank Tapes to record “By Myself,” he was ready to synthesize his various musical dialects. On “Expansions,” he sounds like a jazz bassist, walking a brisk line, before switching to arco and summoning scraping cries and heaving groans out of the strings.

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