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☆ Want a Truly Classic Summer Vacation? Head to This Quiet Corner of Maine
▼ + stars: | 2023-05-29 | by ( Lisa Wells | ) www.wsj.com time to read: 1 min

HIGH & MIGHTY: A trail runner stops to admire the view of Great Pond atop Mount Phillip, a popular hiking destination, in the Belgrade Lakes watershed. Photo: 7 Lakes AllianceBELGRADE LAKES is an area of central Maine that doesn’t often get attention, and locals and longtime summer residents are just fine with the anonymity. The state’s capital, Augusta (population 19,066), is near here, but no one feels slighted that the city isn’t afforded the cachet of Kennebunkport, or that tourist maps show routes up the East Coast that abruptly veer off to Bar Harbor and stop, ignoring the interior. Locals savor the long hot days lakeside, hiking, golfing or swimming at beloved nearby spots untrammeled by summer visitors.

☆ Get ready to see millions of Americans lose their jobs if Congress doesn't raise the debt ceiling in the next few days
▼ + stars: | 2023-05-29 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

The US could default on its debt as soon as June 5 if the debt ceiling isn't raised by then. That would translate to "7.8 million jobs lost from peak to trough," Yaros said. Other industries would see over half a million jobs lost in this scenario, including construction. "It's something closer to the 2001 recession that we had after the dot-com bubble, and you get about 1.5 million jobs lost from peak to trough," Yaros said. And 1.5 million jobs lost — that's still a huge human toll that was unnecessarily incurred."

☆ How the costumes of ‘American Born Chinese’ straddle fantasy and reality
▼ + stars: | 2023-05-27 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +6 min

CNN —“American Born Chinese,” the new Disney+ show based on Gene Luen Yang’s graphic novel of the same name, transports viewers to two distinct realms: Heaven, via iconic Chinese mythology, and Earth, via an American high school. The first centers on Jin Wang (Ben Wang), a Chinese American teenager at a mostly White high school. One of the storylines of "American Born Chinese" is rooted in classic Chinese mythology. But having so much Chinese and Chinese American representation on screen and behind the scenes proved immensely helpful. Sally Woo, a Chinese American costumer on the show, told Cretton stories about the Monkey King she heard from her mother and grandmother, and shared other media adaptations of “Journey to the West” for inspiration.

Persons: CNN —, Gene Luen, Joy Cretton, You’re, Jin Wang, Ben Wang, Jin, Wei, Chen, Jimmy Liu, Carlos Lopez, Disney Wei, Cretton, Sun Wukong, Daniel Wu, –, ”, Huy Quan, Freddy Wong, Cretton –, Maui –, Sally Woo, King, “, ” Cretton, Kelvin Yu, Bull, – Cretton, Phillip Lim, Prabal Gurung, Sun, Michelle Yeoh, Mercy, Lim, Yeoh Organizations: CNN, CNN — “, Disney, “, diamante Locations: United States, American, Disney, Chinatown, Los Angeles, California, Maui, Heaven

☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
▼ + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.

Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo

☆ Gold wobbles as sticky inflation drives up US rate hike bets
▼ + stars: | 2023-05-26 | by ( ) www.cnbc.com time to read: +1 min

Bars of gold are seen at the Krastsvetmet company, one of the world's largest producers of precious metals in Moscow, Russia on January 31, 2023. Gold hit a two-month low of $1,936.59 during Asian trading hours, and is set to lose 1.7% for the week. But short-term players expect a deal to be done and "have been selling behind inflation data that suggests a June hike is possible," Wong added. Traders are now betting the Fed will deliver an 11th straight rate hike in June, which would erode the attraction of zero-interest-bearing gold. Benchmark 10-year Treasury yields and the dollar index hovered near their highest levels since mid-March, both on track for their third straight weekly gains

Persons: Gold, Tai Wong, Wong, Phillip Streible Organizations: D.C, Federal, Blue, Traders Locations: Moscow, Russia, New York, Chicago

☆ The Leclerc Brothers Return Together to Race at Monaco
▼ + stars: | 2023-05-25 | by ( Phillip Horton | ) www.nytimes.com time to read: 1 min

Monaco Grand Prix fans who are from the principality have become accustomed to watching one of their own, Charles Leclerc of Ferrari, who was born in Monaco, compete in the race. At this year’s event, there will be two locals, as Arthur Leclerc, Charles’s younger brother, races there in Formula 2 on Saturday. “I have really early memories in Monaco when I was looking at Formula 1, and my only dream was to be in their place and to drive in Formula 1 in Monaco. I’m not driving in Formula 1, I’m driving in Formula 2, but it’s a dream coming true. It’s exciting.”Arthur, 22, is the younger brother of Charles, 25, who drives for Ferrari and was the runner-up for the 2022 drivers’ championship.

☆ Why China and Japan are praying the US won’t default
▼ + stars: | 2023-05-25 | by ( Laura He | ) edition.cnn.com time to read: +8 min

China and Japan are the largest foreign investors in American government debt. China was the largest foreign creditor to the United States for more than a decade. The falling value of Treasuries would lead to a drop in Japan and China’s foreign reserves. “If the United States defaults on its debt, it will not only discredit the United States, but also bring real financial losses to China,” it said. Analysts say Beijing has shown little willingness to fully integrate with global financial markets.

☆ The remote islands that are critical to a UK bet on wind energy
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Scotland offers some of the windiest conditions in Europe, making the Shetland Islands, located in the northernmost region of the U.K., the best place to develop and harvest wind energy. To that end, British power firm SSE has invested millions into what will be the country's largest onshore wind farm when it is completed in 2024. The Viking wind farm, with its 103 turbines, could power almost half a million homes. However, a lack of capacity in the U.K.'s power grid could derail its ambitious goal of being carbon-free by 2030. We visited the Viking wind farm that has been in the making for more than 15 years to find out more.

☆ How to watch the PGA Championship: Start time, channels, and other things to know
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.

☆ In Formula 1 It’s Been a Red Bull Season
▼ + stars: | 2023-05-18 | by ( Phillip Horton | ) www.nytimes.com time to read: 1 min

Formula 1 has become the Red Bull roadshow. It has won all five Grands Prix this season, four of them one-two finishes, and has amassed 224 points from a possible 235. “That race pace advantage, I think, is quite big at the moment,” said the reigning champion Max Verstappen of Red Bull, after winning the Miami Grand Prix despite starting ninth. Red Bull has been ahead of the next-best team by at least 20 seconds at four of the races — at the other, in Australia, the race finished behind the safety car, which bunched the field. Red Bull’s car, designated the RB19, is an evolution of its title-winning RB18, which had early-season weight and understeering issues that were fixed.

The data defied expectations from eight analysts polled by Reuters for a 900,000-barrel drawdown in crude inventories and a 1.2 million-barrel drop in gasoline stocks. U.S. government data on oil inventories is due on Wednesday. Media reported that Russia's Energy Ministry said the nation's oil output reduction almost reached targeted levels in April. Saudi Arabia, which pledged to cut production by 500,000 bpd from May, has informed buyers in Asia that it will supply full crude oil volumes requested for June. The wildfires forced oil and gas producers to shut in at least 319,000 barrels of oil equivalent per day (boepd), or 3.7% of the country's production.

☆ After the killing of Jordan Neely, New York City Mayor Eric Adams faces backlash over his approaches to subway safety and mental illness
▼ + stars: | 2023-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

NYC Mayor Eric Adams is being blasted by progressives over his response to Jordan Neely's killing. Neely's death has now placed an even brighter spotlight on Adams' policies regarding homelessness, which the mayor defended during a press conference last Thursday. "People who are dealing with mental health illness should get the help they need and not live on the train. The chief medical examiner's office last Wednesday said that the cause of Neely's death was compression of the neck and ruled his death as a homicide. Meanwhile, protestors are demanding that Penny face charges in Neely's death.

☆ Opinion: Vladimir Putin’s anxious time
▼ + stars: | 2023-05-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He imagines a boy sitting “upon the high and giddy mast” of a ship tossed by wind and waves. “Uneasy lies the head that wears a crown,” concludes the king in Shakespeare’s play. Russia said that President Vladimir Putin was the intended target of a foiled Ukrainian drone attack on the Kremlin, an allegation Ukraine denied. The unfortunate monarch who was the last to own the original St. Edward’s Crown, King Charles I, was convicted of treason and beheaded on January 30, 1649.

☆ Trump told a female lawyer 'you wouldn't be a choice of mine either' while explaining that his rape accuser is not his type
▼ + stars: | 2023-05-06 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Donald Trump told a female lawyer who was questioning him that he would never be interested in her. He made the comment after explaining that his rape accuser E. Jean Carroll was not his type. Trump was deposed for a rape and defamation lawsuit brought by Carroll. In the video, Trump denied raping Carroll and repeated his claim that she is not his "type." "I say this with as much respect as I can, she's not my type," Trump said.

☆ Hedge-Fund Manager Louis Bacon Awarded $203 Million in Defamation Case
▼ + stars: | 2023-05-05 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Hedge-fund manager Louis Bacon, pictured on left, in 2013; former retail mogul Peter Nygard in 2016. Photo: Charles Eshelman/FilmMagic/Getty Images; Phillip Faraone/Getty ImagesHedge-fund manager Louis Bacon was awarded $203 million in damages and legal fees in a defamation case against former retail mogul Peter Nygard that stems from the two men’s long-running feud over neighboring properties in the Bahamas. A New York state court-appointed referee ordered Mr. Nygard this week to pay the amount, saying he orchestrated a yearslong campaign to destroy Mr. Bacon’s reputation. Mr. Nygard falsely asserted that the financier was a member of the Ku Klux Klan, had been found guilty of insider trading, was involved in the death of an employee and a family friend at his Bahamas home and had been implicated in arson, the referee said in his decision.

☆ If Fox News was so worried about Tucker Carlson's racist text, they shouldn't have given him a platform for his 'toxic bigotry', say critics
▼ + stars: | 2023-05-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Fox News sources told the NYT that a text message led to host Tucker Carlson's firing. But critics say the host embraced white nationalist views on his show for several years. In the text, Carlson made inflammatory remarks about violence and race. Critics of Fox News, however, say the remarks should not have come as a surprise to the network. And another likely factor in Carlson's exit was appeasing Fox shareholders in the wake of the $787.5 million settlement Fox News reached with Dominion.

☆ Texas Gunman Who Killed Five Could Be Anywhere in U.S. or Across the Border, FBI Says
▼ + stars: | 2023-05-02 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

The FBI has increased the reward for information that could help authorities find the suspect. Photo: David J. Phillip/Associated PressA manhunt for a 38-year-old accused of fatally shooting five people in Texas continued for a fourth day, with authorities saying he could be anywhere in the U.S. or across the border. The suspect, Francisco Oropesa , has been on the lam since Friday night, after he shot his neighbors in their house, said San Jacinto County Sheriff Greg Capers . One of the victims was a young boy. They lived in Cleveland, Texas, about 40 miles north of Houston.

The FBI had increased the reward for information that could help authorities find the suspect. Photo: David J. Phillip/Associated PressThe man sought in the killing of five people in Texas has been taken into custody, according to law-enforcement officials, ending a dayslong manhunt. Officials said they captured Francisco Oropesa Tuesday evening near Cut and Shoot, Texas, about 16 miles west of the city where the shooting took place. He was found hiding in a closet underneath some laundry, according to San Jacinto County Sheriff Greg Capers .

Cleveland, Texas CNN —The man accused of fatally shooting five neighbors, including a mother and her 9-year-old son, in a Texas home has been taken into custody after a dayslong manhunt, two law enforcement sources told CNN. The arrest was made in the town of Cut and Shoot, Texas, according to a federal law enforcement source. “One of the people who died saw when my wife fell to the ground,” Garcia told CNN. Family Photograph“Two people who died were protecting my 2 1/2-year-old daughter and my 1-month-old son,” Garcia said, sobbing. Sonia Argentina Guzman and her son, Daniel Enrique Laso-Guzman, were shot and killed by a neighbor Friday in Cleveland, Texas, officials said.

☆ John King passes ‘Inside Politics’ torch to Dana Bash as he takes on a new assignment at CNN
▼ + stars: | 2023-04-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

CNN —John King will take on a new role at CNN and step down as the anchor of “Inside Politics,” handing the torch to Dana Bash, who will take over as anchor of the esteemed program later this year, the news network announced Thursday. Dana Bash will take over "Inside Politics." CNNBash said that she is “thrilled” to be taking over as the anchor of “Inside Politics,” which airs daily at 12 p.m. Lemon, who was a staple in the network’s prime time lineup, most recently co-hosted “CNN This Morning” alongside Poppy Harlow and Kaitlan Collins. CNN also this month launched “CNN News Central,” two three-hour shows that comprise the majority of the network’s dayside lineup.

☆ NHL roundup: Oilers prevail in OT, level series with Kings
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

Kevin Fiala contributed two assists as he made his playoff debut for Los Angeles after missing the past three weeks with a lower-body injury. The Oilers erased a 3-0 deficit by scoring three straight goals in the second period. After winning both games in Sunrise, the Presidents' Trophy winners will try to clinch the series in Boston on Wednesday night. Florida got goals from Tkachuk and Sam Bennett, with the goal by Bennett Florida's first successful power play of the series. Roope Hintz collected three assists for the Stars, giving him eight points (four goals, four assists) in the series.

☆ Top F.A.A. Official Says He Will Depart, Aggravating Leadership Void
▼ + stars: | 2023-04-21 | by ( Mark Walker | ) www.nytimes.com time to read: +1 min

WASHINGTON — The acting administrator of the Federal Aviation Administration, Billy Nolen, on Friday said he will depart this summer, worsening a leadership void at the agency. The departure of Mr. Nolen, a former pilot and airline industry group executive, was announced in a letter to F.A.A. The aviation regulator has been without permanent leadership since Stephen Dickson, a former Delta Air Lines executive who was appointed by President Donald J. Trump, stepped down a year ago. Last month, President Biden’s pick to lead the F.A.A., Phillip A. Washington, withdrew his name from consideration after a series of attacks from Republicans on his qualifications to hold the post. They had argued that Mr. Washington, the chief executive of Denver International Airport, lacked sufficient aviation experience, and raised questions about his connection to a corruption investigation in Los Angeles.

☆ Buy this tobacco heavyweight on potential earnings growth, Goldman Sachs says
▼ + stars: | 2023-04-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs is bullish on a heavyweight in the tobacco industry after a sharp sell-off. The firm reiterated a buy rating on Phillip Morris stock on Thursday, with a $120 per share price target. The company reported mixed earnings on Thursday , beating on adjusted earnings per share but coming up short on revenue. Philip Morris reported $8 billion in revenue against a Wall Street consensus of $8.1 billion. PM YTD mountain Shares of tobacco giant Philip Morris are heading higher in pre-market trading a day after a sharp sell-off.

☆ NHL roundup: Panthers stun Bruins to even series
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Winslow Townson-USA TODAY SportsApril 20 - Brandon Montour scored twice as a four-goal third period led the visiting Florida Panthers past the Boston Bruins 6-3 in Wednesday's Game 2 of their Eastern Conference opening-round playoff series. Montour is the first defenseman in Panthers history to record a multi-goal game in the postseason. Brad Marchand, Tyler Bertuzzi and Taylor Hall scored for Boston, which won the Presidents' Trophy with an NHL-record 135 points in the regular season. Stars 7, Wild 3Roope Hintz had three goals and an assist to help Dallas even its Western Conference first-round playoff series against visiting Minnesota in Game 2. He worked to the left circle and ripped a screened wrist shot just inside the far post for his first playoff goal.

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