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☆ On paper the stock market should be great, not on a knife's edge. But that's the opportunity
▼ + stars: | 2024-08-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

For example, this season started with the banks roaring higher on great numbers, legitimately great numbers led by a phenomenal Bank of America quarter. The later just made no sense because it is pulling away from Intel on the low end and if Nvidia really does have production problems then AMD is the de facto winner. In fact, the only stock that didn't suffer from an Nvidia relation, Apple, got through earnings without too much trouble. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: —, techs, We've, Warren Buffett, Buffett, industrials Eaton, Donald Trump, we've, execs, I've, Kamala Harris, Trump, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: Federal Reserve, of America, Bank of America, Club, Apple, Fed, SL Green, Boston Properties, Nvidia, Arista Networks, Micron, Dell, Hewlett Packard Enterprise, Devices, Intel, AMD, Accenture, Deloitte, McKinsey, White, Jim Cramer's Charitable, CNBC Locations: Lowe's

☆ Activist Starboard Value demands Autodesk explain accounting, financial issues
▼ + stars: | 2024-06-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Starboard Value on Tuesday sent a letter to Autodesk's board, demanding that the company explain to shareholders who and what was behind an internal financial probe that sparked federal investigations and revealed deliberate misrepresentation of key financial metrics. The activist investor wrote in its letter that there had been "no consequences and no accountability for those involved in this purposeful misleading of shareholders." A representative for Autodesk did not immediately return a request for comment. The internal probe led to the reassignment of its chief financial officer and prompted inquiries from financial regulators and the Justice Department. The activist wrote that it had received "overwhelmingly positive feedback" from other investors frustrated with Autodesk's perceived "poor corporate governance."

Persons: Jeff Smith, Smith, Debbie Clifford Organizations: Autodesk, Justice Department, Company Locations: Delaware

☆ Opinion | Marjorie Taylor Greene Has a Decision to Make
▼ + stars: | 2024-05-26 | by ( Michelle Cottle | ) www.nytimes.com time to read: +1 min

Marjorie Taylor Greene seems even thirstier for attention than usual. Days later Ms. Greene dialed up the lunacy, claiming knowledge of a deep state plot to assassinate Donald Trump. “The Biden DOJ and FBI were planning to assassinate Pres Trump and gave the green light. Ms. Greene was just running wild with new details about the government’s 2022 efforts to recover the piles of documents Mr. Trump hoarded at Mar-a-Lago and spinning out a bonkers conspiracy theory. For weeks this spring, her threats against Mr. Johnson had reporters swarming all over her like flies on … honey.

Persons: Marjorie Taylor Greene, Jasmine Crockett, Greene, Donald Trump, “, Pres Trump, Trump, Greene’s, Mike Johnson, MAGA, Johnson Organizations: Democratic, Biden DOJ, FBI Locations: Georgia, Mar

☆ Democrats See Wins in Losing Votes
▼ + stars: | 2024-05-22 | by ( Carl Hulse | ) www.nytimes.com time to read: 1 min

In losing big votes, Senator Chuck Schumer, the New York Democrat and majority leader, believes his party stands to win. Despite certain defeat, Mr. Schumer has scheduled a floor vote for Thursday on a bipartisan border security measure that collapsed almost as soon as it was made public in February, when Donald J. Trump torpedoed it as “lunacy” and “a gift to Democrats.”Mr. Schumer sees his maneuver as a way to remind voters upset about chaos at the southern border that it is Republicans who are blocking a solution, even after they reached a deal with Democrats that could solve the problem. He insists that the potential political benefits to Democratic candidates in tough races in Ohio, Montana and elsewhere are merely a bonus. “It’s good for the country,” Mr. Schumer said in an interview, about the legislation. “But obviously, look, if it has electoral consequences, so be it.”

Persons: Chuck Schumer, Schumer, Donald J, Trump, ” Mr, Mr, ” Organizations: New York Democrat, lunacy, Democratic Locations: Ohio , Montana

☆ Trump Voter Proved MyPillow's Mike Lindell Wrong. He Wants $5 Million.
▼ + stars: | 2024-05-12 | by ( Brent Crane | ) www.businessinsider.com time to read: +19 min

He called it the Prove Mike Wrong challenge. He entered the Prove Mike Wrong challenge with low confidence he would win the exorbitant pot, estimating he had a 0.5% chance of disproving Lindell's "evidence." He had indeed Proven Mike Wrong, and now Mike must pay. In March, during a rally in Wisconsin, Trump praised him as "the great, legendary Mike Lindell." Jared Bartman for BIUnder deposition in the arbitration proceedings over his refusal to pay Zeidman, Lindell was a tornado of evasion and contradiction.

Persons: Joe Biden's, Mike Lindell, Donald Trump, Lindell, Trump, Bob Zeidman, Zeidman chafed, Mark Zuckerberg, Zeidman, Dennis Montgomery, Montgomery, Lindell's, Mike, Carrie, I've, Jared Bartman, George W, Bush, Mitt Romney's, Barack Obama, Romney, God, Lara Trump, Trump's, MyPillow, Zeidman's, Brian Glasser, Glasser, Zeidman pities Lindell, Biden, He's, he'll Organizations: Trump, Democrats, Oracle, Google, CIA, US, Zeidman, BI, Cleveland Jewish, Republican, Democratic Party, White, Republican National Committee, Lindell, Voting Systems, eTreppid Technologies, Trump International, bewilderment, Lindell Management Locations: Sioux Falls , South Dakota, Sioux Falls, Al Jazeera, Las Vegas, Vegas, Minnesota, Sumerlin, Israel, Trump, Wisconsin, Nevada, Montgomery, Sin City, America

☆ German bed pillows give me nightmares. Next time I go to Berlin, I'm bringing my own.
▼ + stars: | 2024-04-26 | by ( Jessica Furseth | ) www.businessinsider.com time to read: +6 min

Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.

Persons: —, Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy

☆ Kabul airport attack exclusive: New evidence challenges the Pentagon’s official account of a horrific incident as the US withdrew from Afghanistan
▼ + stars: | 2024-04-24 | by ( Nick Paton Walsh | Mick Krever | Mark Baron | ) edition.cnn.com time to read: +22 min

One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. This is significantly more than the three “near simultaneous” bursts of gunfire that the Pentagon investigations have claimed occurred. The Supplemental Review found no new evidence of a complex attack, and uncovered no new assertions of outgoing fire post-blast. “They were targeting people,” another, Nazir, 16, told CNN. CNN spoke with about ten Marines anonymously, many of whom described hearing gunfire and feeling under attack from it.

Persons: Hamid, Akhter Gulfam, –, Wakil Koshar, Robert Maher, Sarah Morris, Morris, Maher, Rob Lodewick, ”, “, ” Shogofa Hamidi, Morsal, Nazir, ” Noorullah Zakhel, Read, Sayeed Ahmadi, ” Ahmadi, Ahmadi, Lodewick, Marcus Yam, CNN's Nick Paton Walsh, “ You’ve, they’ve, It’s, Taylor Crul, Romel Finley, Finley, Barber, ‘, ” Finley, Christian Sanchez, Sanchez, Staff Mark Milley, Kenneth “ Frank ” McKenzie, Darrell Issa, Nick Paton Walsh, Sandi Sidhu, Julia Hollingsworth, Masoud Popalzai, Sitara Zamani, Abdul Basir Bina, Katie Polglase, Gianluca Mezzofiore Organizations: CNN, United, Pentagon, US, Airport, NATO, US Army Central Command, Getty, Montana State University, University of Southampton, Marines, British Ministry of Defense, U.S . Central Command, AP CNN, “, Los Angeles Times, Marine, ” Marines, Navy, US Air Force, . Air Force, Reuters, US Marines, YouTube, Investigators, Joint Chiefs, Staff, Central Command Locations: Kabul, Afghanistan, United States, airport’s, American, British, AFP, Bozeman, England, US, Kabul airport's, U.S, Finland, ”

☆ Big Biba: A look inside London’s famed 1970s fashion store
▼ + stars: | 2024-03-19 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +8 min

As the creative force behind the look of the wildly popular 1970s London fashion store Big Biba, Thomas knows a thing or two about engineering excitement. “An act of bravery”Interior designer Thomas had already designed Hulanicki and Fitz-Simon’s home and the third Biba store in 1968 before being approached about the landmark seven-level store. “Fitz offered me two floors (of Big Biba) but I wanted it all,” he recalled of his initial involvement. Tim WhiteWhile Wintour’s shopgirl life was short-lived, Big Biba’s staff were a vital component of the experience remembered Thomas. In 1969, the independent company sold a majority of its shares to another British fashion retailer Dorothy Perkins which, in August 1973 (a month before Big Biba opened), was then bought by a property development company called British Land.

Persons: CNN —, ”, Steven Thomas, Thomas, Barbara Hulanicki, Stephen Fitz, Simon —, Andy Warhol, Marcel Hennequet, “, “ David Bowie, Mick Jagger, Bryan Ferry, John Bishop “ Fitz, Ian Dury, Fitz, Simon, Singer Annie Lennox, Doreen Spooner, Daily, Martin Pel, Mary Quant, Anna Wintour, —, York’s Bergdorf Goodman, Simon’s, “ Fitz, Tim, Whitmore, Tim White, “ Biba, Barbara, Ken Russell’s, Biba, Hulanicki, Buckingham, Kasia, Dorothy Perkins, Pel Organizations: CNN, New York Dolls, Shoppers, Textile Museum, Street, Disney, Big, Buckingham Palace Locations: London, Kensington

☆ Trump confirms he met with Elon Musk, but they disagree about electric cars
▼ + stars: | 2024-03-11 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +4 min

Donald Trump doesn't see eye-to-eye with Elon Musk on electric vehicles. Trump confirmed he met with Musk but said he doesn't know if he'll get his support. AdvertisementDonald Trump may be courting Elon Musk for potential campaign support, but don't expect the former president to change his messaging on EVs anytime soon. Trump met with Musk in Palm Beach, Florida, last week, as he looks to boost donations to his presidential campaign. During the Trump administration, Musk served on two presidential advisory councils but left after Trump elected to withdraw the US from the Paris Climate Accords.

Persons: Donald Trump, Elon Musk, Trump, Musk, he'll, —, CNBC's SquawkBox, Biden, Tesla, Biden's Organizations: Biden, Service, Lunacy, Trump, Paris Climate, EV, Trump hasn't, White, Monday, United Auto Workers Locations: China, Palm Beach , Florida, Paris

☆ ‘The Regime’ review: Kate Winslet’s streak of award-worthy miniseries fizzles with HBO’s political satire
▼ + stars: | 2024-03-01 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Alas, they’ve come a little too close to that with “The Regime,” a political satire that’s weird but not very good, other than savoring Winslet’s over-the-top antics as an autocratic leader. When the story begins, Vernham is already engaging in odd behavior that leaves her ministers (who assemble in “Dr. Matthias Shoenaerts and Kate Winslet in "Regime." Lustily sneering her dialogue in an exaggerated accent, Winslet throws her all into the character, but to what end? But after watching “The Regime,” consider this an offer they probably should have refused.

Persons: “ Mildred Pierce ”, Kate Winslet, they’ve, Will Tracy, Stephen Frears, Jessica Hobbs, ”, Winslet’s Chancellor Elena Vernham, Martha Plimpton, –, Vernham, Dr, Strangelove ”, Herbert Zubak, Matthias Schoenaerts, Herbert, Matthias Shoenaerts, Elena, Andrea Riseborough, Guillaume Gallienne, Herbert isn’t, clouding, Hugh Grant, can’t, Lustily, Winslet Organizations: CNN, HBO, lunacy, Warner Bros . Locations: “, Easttown, Central Europe, “ Amsterdam

☆ Kara Swisher warns news organizations need to ‘reinvent’ themselves amid existential crisis
▼ + stars: | 2024-02-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +9 min

We spoke to Swisher on Monday to get her insight on some of the challenges facing the media and tech landscape today. And they didn’t anticipate that these tech companies were going to get into media. If so, why haven’t legacy media companies been able to lure in top tech talent to improve their products? Media companies do not get to live by the same anti-gravity rules that tech companies have been able to. But media companies didn’t offer the same kind of upside.

Persons: New York CNN — Kara Swisher, ” Swisher, Swisher, it’s, BuzzFeed, they’ve, Steve Jobs, Rupert Murdoch, “, Donald Trump’s, Joe Biden’s, It’s, You’ve, Elon Musk, Bill Ackman, I’m, Elon, Tyler Perry, Sora, everyone’s, Adrian Chen, …, AllThingsD, Uber, We’ve, haven’t Organizations: New York CNN, Craigslist, . Media, Big Tech, New York Times, Harvard, The New York Times, Google Locations: New York

☆ Where to see April’s total solar eclipse
▼ + stars: | 2024-02-11 | by ( Marnie Hunter | ) edition.cnn.com time to read: +11 min

CNN —The total solar eclipse passing over a swath of North America is less than two months away. The August 2017 total solar eclipse is seen from John Day Fossil Beds National Monument near Mitchell, Oregon. There’s a lunchtime Solar Eclipse Watch Party in downtown Dallas on eclipse Monday with live music and food trucks. Indianapolis, IndianaIndianapolis is located along the center line of the path of totality for the April 8 total solar eclipse. The city’s last total solar eclipse was nearly 100 years ago on January 25, 1925, according to a Rochester eclipse website.

Persons: it’s, Airbnb, “, John, Adrees Latif, Dave Clark, that’s, Clark, Michael Zeiler, GreatAmericanEclipse.com, Jay Anderson, ”, ” Anderson, Cerra, David Esquivel, Esquivel, El, Natalia Silyanov, There’s, Christopher Roth, Anderson, Adam Stiles, Catharines, Geoff Robins, haven’t Organizations: CNN, Reuters, CNN Travel, Planetarium Torreón, Astronomical Society of Mazatlán, Llano Visitor Center, Chamber of Commerce, Enchanted, Natural Area, Natural, ., Dallas , Texas Dallas, Eclipse Watch Party, Dallas, Dallas Museum of Art, Dallas Arboretum, Botanical, Sixth, Eclipse, Indianapolis Motor Speedway, NASA, Indy, Euclid, Great Lakes Science Center, NASA’s Glenn Research Center, Circle, Cleveland Museum of, Wade, Wade Oval, Destination Cleveland, Rochester Museum & Science Center, Niagara Falls Tourism, Niagara Parks, . Parks, Getty Locations: North America, Mexico, Canada, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Texas, Mitchell , Oregon, Torreón, Mexican, Coahuila, That’s, las, Mazatlán, Sinaloa, El Faro, Llano , Texas, Llano, Enchanted Rock, Dallas , Texas, Dallas, Fort Worth, Dealy, Russellville , Arkansas, Russellville, Indianapolis , Indiana Indianapolis, Indianapolis, Cleveland , Ohio Cleveland, Lake Erie, Edgewater, Euclid Beach, There’s, Cleveland, Independence, North Olmsted, Beachwood, Westlake, Destination Cleveland . Rochester , New York Rochester, Rochester, Ontario, Niagara, Niagara Falls, The City, St, ., AFP

☆ Trump hates the bipartisan immigration-Ukraine deal so much that he's falsely claiming he didn't endorse the GOP senator who helped write it
▼ + stars: | 2024-02-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Trump is misleading people about his past support for Republican Sen. James Lankford. Trump endorsed Lankford in 2022, but he's trying to distance himself from him now. Lankford was the lead Republican negotiator for a bipartisan immigration-Ukraine deal that Trump loathes. AdvertisementFormer President Donald Trump took aim at Republican Sen. James Lankford on Monday, falsely claiming he did not previously back the Oklahoman amid a torrent of criticism directed at the bipartisan Ukraine-immigration deal. "I think this is a very bad bill for his career and especially in Oklahoma," Trump told Bongino.

Persons: Trump, Republican Sen, James Lankford, Lankford, —, Donald Trump, Dan Bongino, Sen, Dan Bongino’s, ”, Mike Johnson, Bongino, Tom Coburn, MAGA, Dan, Mitch McConnell, CNN's Jake Tapper Organizations: Republican, Trump, Service, Senate, China, Baptist, Democratic, Republicans Locations: Ukraine, Asia Pacific, Oklahoma, Pennsylvania, Arizona

☆ Kenneth Eugene Smith execution: Alabama set to carry out first execution by nitrogen gas
▼ + stars: | 2024-01-25 | by ( Dakin Andone | ) edition.cnn.com time to read: +4 min

CNN —Alabama is poised to carry out the first known execution using nitrogen gas Thursday to put Kenneth Smith to death for his role in a 1988 murder for hire. The state, in court records, indicated the redactions were made to maintain security. Smith’s team again Thursday morning appealed to the US Supreme Court and requested a stay of execution. “But the way that they’re constructing this, the way that they’re doing it, the way that they’re being silent, the way that they’re holding back information, yes, it’s incredibly concerning. Smith was convicted and sentenced to die, but an appeals court overturned the initial outcome and ordered a new trial.

Persons: Kenneth Smith, Smith, Smith’s, Steve Marshall, ”, “, Smith –, Jeff Hood, ” Hood, ” Smith’s, Elizabeth Sennett, Charles, Charles Sennett, Sennett, CNN’s Isabel Rosales, Devan Cole, Chris Youd, Olivia LaBorde Organizations: CNN, US, Supreme, Wednesday, ” Locations: Alabama

☆ Why Trump Is Right About Tariffs
▼ + stars: | 2023-10-27 | by ( Oren Cass | ) www.wsj.com time to read: +1 min

President Donald Trump at a Whirlpool manufacturing facility in Ohio, Aug. 2020. Photo: Scott Olson/Getty ImagesEconomists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industrial colossus, the U.S. imposed some of the world’s highest tariffs, which were the primary means of funding the federal government.

Persons: Donald Trump, Scott Olson, Donald Trump’s, Adam Posen, Michael Strain, —, Alexander Hamilton, James Madison, George Washington Organizations: Getty, Peterson Institute for International Economics, American Enterprise Institute Locations: Ohio, U.S

☆ 2 startup founders and a VC share why they won't hire anyone who supports Hamas
▼ + stars: | 2023-10-21 | by ( Julie Bort | ) www.businessinsider.com time to read: +8 min

Two startup founders and a VC explain why they won't hire people who support Hamas. Struck has pledged never to hire people who support Hamas, which has been designated a terrorist organization by the US. In the days following the horrific terrorist attack by Hamas against Israel, this distinction was sometimes lost. In their interviews with Insider, Struck, Broukhim, and Frischer explained nuanced stances and where they draw the line on this issue. Frischer's takeMatt Frischer, co-founder of Protect Matt FrischerFrischer has similar opinions.

Persons: —, Adam, Michael Broukhim, Matt Frischer, Oren Etzioni, Israel, Bill Ackman, Frischer, FabFitFun Michael Broukhim, Broukhim, He's, Jonathan Neman, Matt Frischer Frischer, It's Organizations: Hamas, Service, Israel, Madonna Venture, Pershing, Harvard, Columbia, Defamation, cribs Locations: Israel, Los Angeles, Palestine, FabFitFun

☆ J.D. Vance Is Not Your Usual Political Opportunist - The New York Times
▼ + stars: | 2023-09-26 | by ( Michelle Cottle | ) www.nytimes.com time to read: +3 min

“Most Republican grass roots voters are not sympathetic to the dumbest version of the election conspiracy. More important, the “dumbest” version of the stolen election conspiracy is precisely what Mr. Trump and his enablers have been aggressively spreading for years. It is what drove the Jan. 6 attack on the U.S. Capitol, landed many rioters in prison, led to Fox News paying a $787.5 million defamation settlement and prompted grand juries to indict Mr. Trump in federal and state courts. Mr. Vance may want to believe that most Republicans are too smart to buy such lunacy, but he is too smart not to recognize the damage to American democracy being wrought by that lunacy. As for those who criticize his approach, Mr. Vance saw them as out of sync with voters.

Persons: ”, “, Mr, Vance, Trump, Washington, ” Rather Organizations: U.S . Capitol, Fox News, Republican Party, Democratic Party Locations: American

☆ Opinion | Naomi Klein, Naomi Wolf and the Political Upside Down
▼ + stars: | 2023-09-04 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

I’ve been raving about Naomi Klein’s “Doppelganger” since I read an advance copy this summer, and when I tell people about it, some of them are baffled: You mean Klein wrote a whole book about being confused with the writer Naomi Wolf? Only in a superficial sense is “Doppelganger” really about Wolf, the liberal feminist icon turned anti-vax Steve Bannon sidekick. Klein and Wolf, both brown-haired middle-aged Jewish women writers, are often mistaken for each other. That became a growing problem for Klein as her reputation was tainted by Wolf’s escalating lunacy. Trapped at home by the pandemic, Klein became increasingly obsessed by Wolf’s transformation into a heroine of Covid truthers.

Persons: I’ve, Naomi Klein’s, Klein, Naomi Wolf, Charlie Kaufman, ”, Wolf, Steve Bannon, Covid, Vladimir Putin, Donald Trump Locations: Ukraine

☆ Jim Cramer's guide to investing: Do the homework
▼ + stars: | 2023-06-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said one of the keys to having a successful stock portfolio is to always do the research. To Cramer, "buy and homework" holds a lot more weight than "buy and hold," which can sometimes blow up in investors' faces. In addition to research, Cramer stressed that investors make sure their portfolio is diverse. If your portfolio is diverse, it's less likely you'll get wiped out if one sector starts to struggle, he said. "Remember, if you can keep your losses to a minimum and let your gains run, you'll almost always come out ahead."

Persons: CNBC's Jim Cramer, Cramer, Goldman Sachs, you'll Organizations: Goldman

☆ Pro-DeSantis super PAC attacks Florida journalist for posting photo from his Disney cruise: 'You're bought and paid for by the groomers and Trump'
▼ + stars: | 2023-06-23 | by ( Taylor Berman | ) www.businessinsider.com time to read: +5 min

Florida Politics publisher Peter Schorsch posted a photo from a Disney cruise on Friday and tagged Ron DeSantis. A pro-DeSantis PAC quote tweeted the photo and accused Schorsch of being bribed by "groomers" and Trump. Today, a super PAC aligned with DeSantis attacked a Florida journalist for posting a photo from a Disney cruise. "We get it, you're bought and paid for by the groomers and Trump," Never Back Down tweeted at FloridaPolitics.com publisher Peter Schorsch, who had posted a photo from a Disney cruise he was on with his family. The person who initially posted the photo shared by Trump accused DeSantis of using alcohol for "grooming" high school girls.

Persons: Peter Schorsch, Ron DeSantis, Schorsch, DeSantis, —, Taryn Fenske, Anchorman's Ron Burgundy, kows, Jeff Roe, Roe, Matt Wolking, Peter, Chris Jankowski, Trump Organizations: Disney, Trump, Service, Florida Governor, GOP, ABC, Washington Post, Coalition, New York Times, Times, Harvard Law, The New York Times, Darlington School Locations: Florida, Mar, Georgia

☆ Inside the Delirious Rise of ‘Superfake’ Handbags
▼ + stars: | 2023-05-04 | by ( Amy X. Wang | Grant Cornett | ) www.nytimes.com time to read: +3 min

Once upon a time, the legend goes, Theseus slew the Minotaur and sailed triumphantly home to Athens on a wooden ship. What if, Thomas Hobbes wondered, someone rustled up a second boat out of the discarded planks; would you now have two original vessels? Not long ago, I found myself wandering through Paris with a fake Celine handbag slung over my shoulder. In France, a country that prides itself on originating so much of the world’s fashion, punishments for counterfeiting are severe, to the point that I technically risked three years in prison just by carrying my little knockoff around. My plunge into the world of fantastically realistic counterfeit purses — known as “superfakes” to vexed fashion houses and I.P.

CNN —From statehouses to the presidential campaign trail, Republicans are escalating their political attacks on transgender people – a reflection of what they see as a cultural fight their base is eager to wage. And in recent days, those attacks have turned into new forms of mockery and political retribution, as Republicans seek to turn transgender rights into a flashpoint by seizing on social media controversies and exercising their rule-making power in statehouses where they hold large majorities. “A lot of young trans people are worried that their medication is going to get pulled,” she said of legislation targeting health insurance coverage for gender-affirming care. Transgender rights activists protest outside the House chamber at the Oklahoma State Capitol in Oklahoma City on February 6, 2023. That is not a transgender person,” Haley said of Mulvaney as the crowd nodded.

☆ There's 'no way in hell' Trump's bombastic approach to his potential indictment would help him in court: defense attorney
▼ + stars: | 2023-03-23 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

There's "no way" Trump's reaction to his possible indictment will help him, defense attorneys said. As a potential indictment looms, Trump has lashed out on social media, calling for protests. But there's no way that Trump's bombastic approach to his possible indictment over allegations of a hush-money payment to adult film star Stormy Daniels would help him in a courtroom, criminal defense attorneys not connected to the case told Insider. Bederow, a former prosecutor for the Manhattan district attorney's office, called Trump's recent behavior toward his potential indictment "a terrible look" that demonstrates "instability" and "poor judgment." "There's no way Trump begging to be perp-walked and handcuffed and demanding that his supporters protest is helping" a potential criminal case, Bederow said.

☆ US stocks slip ahead of Fed's decision on interest rates following bank crisis
▼ + stars: | 2023-03-22 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

US stocks slipped Wednesday before the Federal Reserve's March rate decision. The Fed's decision is the first since SVB's collapse set off distress in regional banks. The policy decision is due at 2:00 p.m. Eastern and Fed Chairman Jerome Powell will speak at 2:30 p.m. Eastern. Cathie Wood says the Fed's rate hikes hit Ark's strategy like an 'earthquake' as the fund logs a $2 billion loss. Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of 'speculative lunacy'.

☆ Top economist David Rosenberg said the Fed should put bigger rate hikes back on the table after bouts of 'speculative lunacy'
▼ + stars: | 2023-03-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The Federal Reserve should weigh up another big interest-rate increase because of recent "speculative lunacy", according to David Rosenberg. "I am starting to wonder if 50 basis points shouldn't be back on the table," the top economist said. "After this recent round of speculative lunacy, I am starting to wonder if 50 basis points tomorrow shouldn't be back on the table," the Rosenberg Research president said on Twitter Tuesday. None of the investors surveyed by CME Group expected the 50-basis-point hike that Rosenberg said the Fed should be considering. The economist didn't elaborate on what he meant by "speculative lunacy" – but he was likely referring to an early-year rally for growth stocks, cryptocurrencies, and meme stocks.

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