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☆ Romania bids to clear Danube logjam after Ukraine attack
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +4 min

Romanian authorities managing the waterway still expect a "peak" in traffic in August, despite the attack, an official said. Before Russia pulled out of the safe passage corridor, the Danube ports accounted for around a quarter of Ukraine's grain exports. Romanian President Klaus Iohannis said Russia's attacks on Ukraine's civilian infrastructure on the Danube amounted to war crimes. "We will clear around 30 ships in two days, at least 12 today, if not 14, and the rest tomorrow." Industry sources have told Reuters war risk cover for Ukraine's ports that were part of the previous grain deal had already been suspended.

Persons: Klaus Iohannis, Florin Uzumtoma, Uzumtoma, Izmail, Denys Shmyhal, Shmyhal, Mykola Solsky, Luiza Ilie, Jonathan Saul, Pavel Polityuk, Peter Graff, Conor Humphries Organizations: United, Reuters, underwriters, Industry, Insurance, NATO, Thomson Locations: Romania, Ukraine, BUCHAREST, KYIV, Izmail, Ukrainian, Russia, United Nations, Turkey, Romanian, Constanta, Musura, Bucharest, London, Kyiv

☆ Opinion | American Theater Is Collapsing. The Federal Government Must Save It.
▼ + stars: | 2023-07-19 | by ( Isaac Butler | ) www.nytimes.com time to read: +2 min

The American theater is on the verge of collapse. The Humana Festival of New American Plays, a vital launching pad for such great playwrights as Lynn Nottage and Will Eno over the past four decades, was canceled this year. This season the Williamstown Theater Festival, one of our most important summer festivals, will consist of only one fully produced work, alongside an anemic offering of staged readings. The Lookingglass, a major anchor of Chicago’s theater scene, is halting production for the year. Nonprofit theaters are where many recent hits — including “A Strange Loop” and “Hamilton,” both of which won Pulitzer Prizes — started out.

Persons: Lynn Nottage, Will Eno, Edward Albee, August Wilson, Tony Kushner, Annie Baker, Simon, Garfunkel’s, “, “ Hamilton, ”, — Organizations: Public, New, Williamstown Theater, Oregon Shakespeare, Brooklyn Academy of Music, Nonprofit Locations: Oregon, New York

☆ Apple's absurd price tag for the Vision Pro is part of a brilliant and proven strategy
▼ + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +4 min

Apple Vision Pro costs almost $4,000 after tax. At 7x more than the Quest 3, the Vision Pro should be far more powerful and capable – and of course, it is. Price skimming is a strategy where a company sets the initial price of a product very high, then gradually lowers it over time. It keeps profits high throughout a product's lifecycle: By pricing products high at launch, Apple maximizes its profits from these early sales. Given these red marks WSJ gadget reviewer Joanna Stern walked away with after using Apple Vision Pro for just 20 minutes, I remain skeptical…

Persons: Matthew Ball, Apple, Apple's, Tesla, Joanna Stern, … Organizations: Apple Vision, Apple Silicon, Apple

☆ Instant View: Fed hikes another 25 basis points, hints it may be the last increase
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +7 min

TOM GARRETSON, STRATEGIST, RBC PORTFOLIO ADVISORY GROUP, MINNEAPOLIS, MINNESOTA"It was a pretty dovish rate hike today. The expectations were that it might be a bit more of a hawkish rate hike in terms of leaving the door open to further hikes if needed." "The updated language in the policy statement does suggest the bar is going to be quite high for further rate hikes. … The market is hoping or expecting the Fed to pause after this rate hike. From a consumer credit perspective, the impact of further rate hikes will likely continue to be felt by borrowers across a range of industries.

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