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Jeanne Winograd, 72, a Democrat in Phoenix, is such a ride-or-die fan of President Biden that, on Valentine’s Day, she mailed him a card to say his vigor, not his age, would shape the presidential election. But after a week of panic attacks after his dismal debate performance, she felt compelled to send him another card. This one said: Thanks for everything, but it’s time to go. “I just love Biden, but he’s frail,” Ms. Winograd said. In 80 interviews at Independence Day parades, pie-eating contests and political events this holiday in the political battlegrounds of Arizona, Michigan, Wisconsin and North Carolina, more than half of voters who had supported Mr. Biden in 2020 now said he should drop out of the race.

Persons: Jeanne Winograd, Biden, “, Ms, Winograd, Donald J, Trump Organizations: Democrat, Democratic, Independence Locations: Phoenix, Arizona , Michigan, Wisconsin, North Carolina

☆ The incredible oblivion of Judge Marvin Isgur
▼ + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +45 min

On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."

Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, —, — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing

☆ Stock futures rise after Fed decides to hold rates steady: Live updates
▼ + stars: | 2024-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. S&P 500 futures climbed 0.3%. Restaurant delivery service DoorDash dropped 15% after reporting a wider loss per share than Wall Street forecast. Those moves followed a choppy day on Wall Street as investors reacted to the Federal Reserve's decision to keep interest rates unchanged. The Dow finished about 0.2% higher, while the S&P 500 and Nasdaq Composite both closed the session lower by roughly 0.3%.

Persons: DoorDash, Jerome Powell, Eric Winograd, Winograd, Coinbase Organizations: Dow Jones Industrial, Nasdaq, Qualcomm, Federal, Dow, Apple, Moderna Locations: AllianceBernstein, Friday's

☆ Moral Hazard Has No Place in Drug Addiction Treatment - The New York Times
▼ + stars: | 2024-03-01 | by ( Maia Szalavitz | ) www.nytimes.com time to read: +1 min

In 2016, Rachel Winograd began to see methadone patients who relapsed or left the treatment program where she worked start overdosing and dying at unprecedented rates. The culprit was illicitly manufactured fentanyl, which is generally 50 times as strong as heroin — with some variants an astonishing 5,000 times as potent. Fentanyl had begun to overtake heroin in Missouri. It would “enable” continued addiction and deter treatment, she was told. Or, others said, reducing fatalities would increase risk-taking among people who were already using drugs — and encourage children to try heroin.

Persons: Rachel Winograd, overdosing, “, ”, Winograd Organizations: University of Missouri, Louis’s Missouri, of Mental Health Locations: Missouri, St, Louis’s

Compared with 12 months ago, consumer prices rose 3.2% in October, down from the 3.7% rise in September and the smallest year-over-year increase since June. Measured year over year, core prices rose 4% in October, down from 4.1% in September, the smallest rise in two years. They have continued to fall into November, suggesting that cheaper energy could hold down inflation this month as well. Political Cartoons View All 1244 ImagesGrocery store prices rose 0.3% last month and 2.1% from a year earlier. Even with the smaller increase, rental and housing costs accounted for two-thirds of the increase in core inflation compared with a year ago.

Persons: Bill Adams, Jerome Powell, Powell, “, Adams, ”, Eric Winograd Organizations: WASHINGTON, Labor Department, Comerica Bank ., Fed, Dow, AB Global Locations: United States

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ Native American artist Jeffrey Gibson will represent the United States at the 2024 Venice Biennale
▼ + stars: | 2023-07-28 | by ( Benjamin Sutton | ) edition.cnn.com time to read: +4 min

Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. (CNN) — Jeffrey Gibson, the Colorado-born, New York-based artist who is a member of the Mississippi Band of Choctaw Indians and of Cherokee descent, will represent the United States at the 2024 Venice Biennale, becoming the first Indigenous artist to have a solo exhibition in the US Pavilion. Gibson’s work mixes many traditions, combining techniques from Indigenous beading, weaving, metalwork and more with the formal language of hard-edged abstract painting, Pop Art sculpture. For his exhibition in Venice, Gibson will create installations inside the US Pavilion, on its exterior and in its courtyard, incorporating elements of performance and multimedia in addition to static works. Jeffrey Gibson Brian Barlow“The last 15 years of my career have been about turning inward and trying to make something I really wanted to see in the world,” Gibson, reflecting on his selection for the Biennale, told The New York Times.

Persons: — Jeffrey Gibson, Gibson, Jeffrey Gibson Brian Barlow “, ” Gibson, Kathleen Ash, Louis Grachos, Abigail Winograd, Jeffrey, ”, Milby, Venice —, ” Winograd, Ruth, Elmer Wellin, Leigh Bowery, Simone Leigh Organizations: The Art, CNN, Colorado -, Mississippi Band, Choctaw, Institute of American Indian Arts, Bard College, Biennale, New York Times, Portland Art Museum, SITE, Portland Museum of Art, US State Department, Boston’s Institute of Contemporary Art, Elmer Wellin Museum of Art, Hamilton College, Biennial, Gallery of Art, Buffalo AKG Art Museum, Denver Art Museum, Crystal Bridges Museum of American Art, Seattle Art Museum Locations: Colorado, New York, United States, Venice, Santa Fe , New Mexico, Navajo, Portland , Oregon, SITE Santa Fe, American, Oregon, New Mexico, Clinton , New York, Bentonville , Arkansas

☆ How GameStop's Ryan Cohen became the 'meme king'
▼ + stars: | 2023-06-07 | by ( Amanda Winograd | ) www.cnbc.com time to read: +2 min

"I'm worried that when they see someone talking about how Ryan Cohen isn't god and their conspiracy theories aren't correct, they will see a target that needs to be taken down for the better good. And on this spectrum of delusion — because you must be delusional to believe in these conspiracy theories — there will be people on the extreme end of that delusion." The conspiracy theories Evan refers to can be traced to the beginning of the meme-stock movement in 2021 and to GameStop, the original meme stock. Prior to jumping into GameStop, Cohen had co-founded pet food retailer Chewy and then became an activist investor. Cohen "came across that he was on the side of retail investors," said Arfan, a Reddit user who invested in GameStop at the time.

Persons: Chewy, Ryan Cohen, Evan, I'm, Brandon, Cohen Organizations: GameStop, CNBC

LTL has said litigation against J&J would imperil its effort to negotiate a comprehensive settlement of all current and future talc claims in its bankruptcy. Before the talc lawsuits could resume, LTL filed for bankruptcy a second time, re-opening the legal battle over the bankruptcy's legitimacy. It has said its second bankruptcy is different because it has less funding available and more plaintiff support for a settlement. U.S. Bankruptcy Judge Michael Kaplan agreed to protect J&J from lawsuits during LTL's first bankruptcy, saying at the time it offered the best way to fairly resolve all of the talc lawsuits together. Kaplan, who is also presiding over the second bankruptcy, will now decide whether to stop the lawsuits again to give LTL a second shot at a bankruptcy settlement.

"I think that this is going to be the most contentious debt ceiling debate in memory," Winograd said. "It would suggest that there's some type of premium being allocated to bills in that space where the risk of the debt ceiling starts to grow," Norris said. Some investors also believe lawmakers will be able to reach a deal on raising the debt ceiling without severely unsettling markets. Edward Al Hussainy, senior interest rate and currency analyst at Columbia Threadneedle, thinks any debt ceiling tensions would eventually be resolved, calling the issue "a well rehearsed storyline." However, the heightened concerns about the debt ceiling are "an extra little justification on top" for the firm's positioning, Pride said.

☆ Here's everything the Federal Reserve is expected to do today
▼ + stars: | 2022-09-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty ImagesThere's not a lot of mystery surrounding Wednesday's Federal Reserve meeting, with markets widely expecting the central bank to approve its third consecutive three-quarter point interest rate hike. That's the highest the fed funds rate has been since early 2008. Economic outlook: Part of this week's meeting will see Fed officials issue a quarterly update of their interest rate and economic outlook. Powell presser: Fed Chairman Jerome Powell will hold his usual news conference following the conclusion of the two-day meeting.

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