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☆ How Reddit Went Mainstream: Google Search Increase, Real Human Users
▼ + stars: | 2024-11-10 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The search platform is prioritizing Reddit's results. Going public, for Reddit, has entailed becoming a more welcoming place for users as well as for investors, Kessler said. "If you're public and these things come out, I mean, that could start having an impact on your market cap. Just as search engine optimization operations have gotten good at gaming Google, they can likely do it on Reddit, too. It's part social media, part search engine, part just a place for real answers, or as close to real as you're going to get on the internet today.

Persons: Reddit, It's, Steve Huffman, you've, Huffman, John Herrman, Mark Lehmann, Anita Ramaswamy, it's, Marcel Hollerbach, let's, Scott Kessler, isn't, Kessler, Jessica Melton, that's, What's, corporatization, Emily Stewart Organizations: Reddit, New Yorker, Google, Twitter, New York Magazine, Citizens JMP Securities, Meta, Facebook, Third, GameStop, WSB, PayPal, Brands, Business Locations: United States, Seattle

☆ Homebuyers Have Hope With Lower Mortgage Rates, More Houses Available
▼ + stars: | 2024-10-09 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Wild swings in mortgage rates discouraged almost everyone from venturing out into the market. As I wrote earlier this year, a gummed-up housing market — the Ice Age I was talking about — is good for nobody. When mortgage rates hit multidecade lows during the pandemic, millions of people were able to snag or refinance their way into cheaper monthly costs. That'd be within spitting distance of what the experts at John Burns Research and Consulting, a housing-research firm, call the "magic mortgage rate." In other words, trying to predict mortgage rates — and buying or selling a home accordingly — is a fool's errand.

Persons: Green, that's, Skylar Olsen, everyone's, it's, there's, Fannie Mae, John Burns, they'd, Ralph McLaughlin, Olsen, Lawrence Yun, Altos, Mike Simonsen, Chen Zhao, Zhao, We're, Mark Palim, Palim Organizations: Federal Housing Finance Agency, Federal Reserve, John, John Burns Research, Consulting, National Association of Realtors, Altos Research, Builders, Sun Locations: Sun Belt, Midwest

☆ Rate-drop environment could be the key 'reopen the spigot' for IPOs, says Rashaun Williams
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRate-drop environment could be the key 'reopen the spigot' for IPOs, says Rashaun WilliamsRashaun Williams, Value Investment Group founder, joins CNBC's 'Closing Bell' to discuss what rate cuts could mean for venture-backed companies, how he feels about earnings expectations, and more.

Persons: Rashaun Williams Rashaun Williams Organizations: Value Investment Group

☆ Harris Campaign Says It Raised $310 Million in July, More Than Double Trump’s Haul
▼ + stars: | 2024-08-02 | by ( Theodore Schleifer | More About Theodore Schleifer | ) www.nytimes.com time to read: +1 min

Neither campaign disclosed precisely how much of the money was raised or held by the campaigns themselves versus their allied party committees. But after Mr. Biden dropped out of the race on July 21, the fund-raising spigot was opened wide. The $200 million that the Harris campaign said it had raised in the week after Mr. Biden ended his re-election bid was more than Mr. Biden’s haul in the first three months of the year. The $139 million raised in July amounted to one of the Trump team’s strongest fund-raising months to date, just off the sum raised in May, when Mr. Trump’s supporters responded to his felony conviction with $141 million in donations. In June, when Mr. Biden was still atop the ticket, his campaign raised $127 million and ended the month with $240 million on hand, all before the history-making events that would unfold over the next four weeks.

Persons: ’, Biden’s, Biden, Mr, Harris, Trump, Trump’s, JD Vance Organizations: Trump, Mr, Republican Locations: Milwaukee, Ohio

☆ A notorious market bear who called the 2000 and 2008 crashes warns his favorite valuation measure just hit all-time highs — setting stocks up for a potential 70% drop
▼ + stars: | 2024-07-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But it's hard to argue against the track record of his most preferred valuation measure — total market cap of non-financial stocks to total revenue of those stocks — when it comes to long-term stock-market returns. Unfortunately for investors, the measure just hit an all-time high, topping levels seen in 1929, 2000, 2008, and 2022. Here's the metric:AdvertisementHussman Funds"Last week, our most reliable measure of stock market valuations hit the highest extreme in history," Hussman wrote in a July 20 commentary. AdvertisementWhile Hussman's valuation measure doesn't necessitate near-term losses, there is some evidence that stocks could soon face downside. And as the stock market ground mostly higher, he persisted with his doomsday calls.

Persons: —, John Hussman, Hussman, Jeremy Grantham Organizations: Service, Hussman Investment Trust, Business, Federal Reserve, Rosenberg Locations: recessionary

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ Mom spent $56,000 on a gap year in Latin America with her family of 5: 'We'd do it again in a heartbeat'
▼ + stars: | 2024-07-26 | by ( Liuan Huska | ) www.cnbc.com time to read: +6 min

An unspoken question lingers on people's faces when they hear our family of five took a gap year to travel around South America. We budgeted about $12,000 for flights, estimating six one-way flights at about $2,000 each for our family of five. All told, we expected the trip to cost about $60,000, or less than a year of life at home in Chicagoland. We funded our trip by renting out our home in the Chicago suburbs, which covered our home upkeep and nearly 40% of our travel expenses. On the trip, we didn't know where we'd be in two months or how much money we'd bring in.

Persons: Matt, —, Chile's Torres del Organizations: Torres del Paine, Mirador, Amtrak, Chile's Torres del Paine Locations: Chile, South America, Chicago, Los Angeles, Rio de Janeiro, Brazil, Costa Rica, Illinois, Bolivia, Spanish, Chile's, Argentina, Intag, Chicagoland, Santiago, Mendoza, Pereira, Colombia

Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress on Wednesday, July 24. But by the end of his speech, it was clear the Israeli prime minister had focused far more on fighting until victory in Gaza than brokering a ceasefire deal. “Give us the tools we need, and we will finish the job,” Netanyahu urged members of Congress. Netanyahu also claimed there were “practically” no civilian casualties during Israeli military operations in Rafah. That is unquestionably false: Multiple strikes in Rafah have resulted in civilian casualties.

Persons: Benjamin Netanyahu, Kent Nishimura, Benjamin Netanyahu’s, ” Netanyahu, “, ”, “ Israel, Netanyahu, Joe Biden, Donald Trump, – Organizations: Republicans, CNN, Israel Locations: Gaza, –, Israel, Rafah

Learn moreFor as long as I've lived in apartment buildings with older plumbing, I've relied on a water filter to make my tap water more palatable. My first choice was one of the best water filter pitchers, as it seemed easy to maintain and a cost-effective alternative to buying bottled water. Berkey Travel Berkey Water Filter System The stand-alone water filtration system uses gravity and activated charcoal filters to remove contaminants and store potable water in the 1.5-gallon lower chamber. If a freestanding filter system is too much of a commitment, consider a smaller countertop system or a filtering pitcher. Bernadette Machard de Gramont/Business InsiderThe Berkey systems are tried-and-true — I've been using the Travel Berkey at home for nearly two years now with no issues.

Persons: Bernadette Machard de, microfiltration, It's Organizations: Business, Shop, Machine

☆ Cramer looks at why enterprise and data tech companies are winning: 'Follow the money'
▼ + stars: | 2024-05-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph. "Right now, you have to follow the money, and it's currently flowing to businesses that cater to other businesses and the ones that need to interrogate the data," he said. Cramer asserted that "the spigot from the tech titans to everything else" is endless and unavoidable, calling out the biggest names that have and interrogate data, including Amazon , Alphabet , Microsoft , Meta and Apple . But Cramer said this consumer weakness will not last forever and the money flow may shift once rates come down. "The good news about the limited consumer spending is that we don't have to declare it static," he said.

Persons: CNBC's Jim Cramer, Cramer, Wall Organizations: Depot, Companies, Microsoft, Meta, Apple

But while the company's profile in the industry has stayed constant and swaggering, behind the curtain, its business has been increasingly troubled, 10 insiders told Business Insider. Creator economy professionals mingled beneath glowing jellyfish and coral light fixtures inside Jellysmack's creator lounge during VidCon 2023. "As a startup in the ever-evolving creator economy, we are constantly testing and adapting our business model," the Jellysmack spokesperson told BI in a statement. Advertisement"The world was falling apart with the pandemic, but early Jellysmack felt like a dream," the second former staffer told BI. BI viewed two Jellysmack contracts and an email exchange between Jellysmack and one of its creator clients to verify the practice.

Persons: —, SoftBank, lanyards, Jellymack, Jellysmack, YouTubers, Brad Mondo, Meta, Michael Philippe, Jellysmack cofounders Swann Maizil, Robin Sabban, Nathan Guetta, Condé Nast, Youri Hazanov, Sean Atkins, hasn't, Snapchat —, Amanda Perelli, JellyFi, deprioritize, that's, it's, Ollie Forsyth, They've Organizations: Service, Business, Facebook, influencers, BI, YouTube, Disney, Comcast, Keli, Big Tech, cryptocurrency, MTV, HBO, Copyright Capital, SoftBank, Productions, OKA Media, Network Media LLC, Crime, Star, Spotify, Crime Network Locations: VidCon, SoftBank

Within days, millions of TikTok videos using music from Universal artists went mute, and since then guessing which side would blink first has become a media-business parlor game. Backing this up, one study found that TikTok users reported experiencing higher levels of flow than Instagram users. Corey Basch, who analyzed 100 popular TikTok videos with the hashtag mentalhealth for a 2022 study, emerged concerned about the looping effect of the algorithm. Cerave Sales increased by more than 60 percent in 2020 after skin care became a lockdown pastime and TikTok users discovered the drugstore mainstay. Cat Crack Catnip It briefly sold out in 2021 after TikTok users posted videos of their cats going crazy for it.

Persons: randos, TikTok, you’ve, Sydney Sweeney, Glen Powell, ”, “ Wonka, Barbie, “ Oppenheimer, —, goofing, cavorting, Sue Fleishman, Z’s Walter Cronkite, Spehar, Donald J, Trump, he’s, Caitlin Clark’s, Joe Biden, Justin Bieber, Abbie Richards, Richards, Britney Spears, Taylor Swift, Olivia Rodrigo, Lil Nas X, Fleetwood Mac, Rodrigo, Billie Eilish, Drake, Swift, ByteDance, can’t, Mark Warner, hasn’t, Al, ear on, Li Organizations: Fleetwood Mac, Facebook, Sony, Universal, Warner Bros, White, Pew Research Center, YouTube, The New York Times, Kansas City Chiefs, Media, Colgate, Universal Music Group, ByteDance, Intelligence Committee, e Locations: United States, Beijing, Biden’s, TikTok, Singapore, View, Calif, China, American

☆ 'Gray divorce' has doubled since the '90s — and the financial risk is high for women
▼ + stars: | 2024-03-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

The rate of "gray divorce" — a term that describes divorce at age 50 and older — doubled from 1990 to 2019, according to a 2022 study published in The Journals of Gerontology. The 'chronic economic strain' of gray divorceIn heterosexual relationships, gray divorce typically "has more negative implications for women than for men," said Kamila Elliott, a certified financial planner and co-founder of Collective Wealth Partners, based in Atlanta. Altogether, women's standard of living declined by 45% following a gray divorce, while the drop for men was less severe, at 21%, Brown and Lin wrote. These negative economic outcomes persisted over time, "indicating that gray divorce operates as a chronic economic strain," they said. For example, let's say a husband is eligible for a larger Social Security benefit relative to his female spouse.

Persons: Susan Brown, Lin, Kamila Elliott, Laura Tach, Alicia Eads, Natalie Colley, Brown, Elliott, Women shouldn't, Colley, I've Organizations: Gerontology, Bowling Green State University, Collective Wealth Partners, Cornell University, University of Toronto, Francis Financial, Social Security, Women, Collective Wealth Locations: Atlanta, New York

☆ Tiny home sensation Boxabl welcomes investors in as its founders plan to cash out $10 million
▼ + stars: | 2024-02-28 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +5 min

As the company has sought a financial lifeline by inviting more investors in, its cofounders are cashing out. The Tiramanis together previously sold off about $10 million of their shares in a 2022 fundraising round and have awarded themselves annual salaries of close to a million dollars each. "Maybe they're afraid that if they don't sell shares now they will walk away with nothing." A spigot of cash running dryBoxabl is seeking to raise $64 million in the share offering, an additional $10 million for the Tirmanis, and $1 million for other insiders at the company. AdvertisementAmong the insiders in the company seeking to sell shares in the funding round are Darryl and Lucille Maslak, the parents of Shawna Maslak, Galiano's wife.

Persons: —, Paola Tiramani, Galiano, Chad Cohen, Erik Gordon, Cohen, Darryl, Lucille Maslak, Shawna, Gordon Organizations: Service, Business, Scala Advisors, University of Michigan's Ross School of Business, Securities and Exchange Commission, University of Michigan Locations: North Las Vegas , Nevada, Canada

☆ Boxabl customers tired of waiting for their tiny homes ask for their deposits back as a cash crunch looms
▼ + stars: | 2024-02-22 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +12 min

While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.

Persons: —, Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz

☆ Here are Monday's biggest analyst calls: Netflix, Nvidia, Apple, Meta, Lowe's, Walmart, Target, Pepsi & more
▼ + stars: | 2024-02-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Lowe's to overweight from neutral JPMorgan said investors should buy the stock ahead of earnings later this month. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on shares of Netflix. Loop reiterates Meta as buy Loop raised its price target on the stock to $550 per share from $440. Loop reiterates Alphabet as hold Loop raised its price target on the stock to $155 per share from $140. " UBS reiterates Target as buy UBS says Target shares are "compelling."

Persons: Evercore, it's, wouldn't, Rivian, Piper Sandler, Piper, Jefferies, Willis Towers Watson, URBN, Morgan Stanley downgrades Hershey, Morgan Stanley, Morgan Stanley downgrades XPO, Stifel, Raymond James downgrades, Raymond James, Melius, Roth, Guggenheimer, Guggenheim Organizations: Apple, Barclays, Walmart, EV, JPMorgan, generics, UFC, WWE, Netflix, Citi, Willis, PepsiCo, PEP, LT, UBS, Urban Outfitters, Google, 4Q, Bulls, Target, Bank of America, of America, Bank of America downgrades Duke Energy, Duke Energy, Brands, Nvidia, Deutsche Bank, Industries, Deutsche, SilverBow Resources Locations: U.S, Bank of America downgrades, NWL, Republic, Mohawk

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ Fukuoka: The Japanese city that dominates street food
▼ + stars: | 2023-10-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

CNN —Fukuoka, Japan’s sixth largest city by population, has more open-air food stalls than the rest of the country combined. These stalls are called yatais, and they’re an indelible part of what makes Fukuoka’s food scene so special. A vendor prepares local Hakata-style pork broth ramen at a Fukuoka yatai. Hemis/Alamy Stock Photo“Yatai is the best place to make friends,” says Nick Szasz, a Canadian-born longtime resident of Japan who runs the English-language website Fukuoka Now. Though the city has always been dotted with these food carts, Takashima’s administration set up a committee to regulate them and make sure they’d remain a vital part of the city.

Persons: Yatais, oden, ”, Nick Szasz, Szasz, it’s, Sōichirō Takashima, –, Fukuoka’s, Kensuke Kubota –, London’s Zuma, Japan –, Yatai Keiji, yatais Organizations: CNN, Fukuoka Locations: Japan’s, Fukuoka, Sapporo, Hakata, Canadian, Japan, Kyushu, AsiaDreamPhoto

☆ UPenn President called to resign following protest of the school's response to Palestinian festival
▼ + stars: | 2023-10-18 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

Vahan Gureghian, former University of Pennsylvania trustee, is calling for Liz Magill, the Ivy League school's president, to step down amid deepening donor backlash. But apparently Liz is not ready for this job.”Debate over free speech, antisemitismMagill was not only facing pressure from Lauder and other opponents of the Palestine Writes festival. Three dozen members of the UPenn faculty also wrote a letter in student newspaper The Daily Pennsylvanian to support the Palestine Writes festival. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to The Daily Pennsylvanian. “The unanimous sense of those gathered was that President Magill and her existing University leadership team are the right group to take the University forward,” Bok said.

Persons: Vahan Gureghian, Liz Magill, Magill, Gureghian, “, ” Gureghian, Scott Bok, Marc Rowan, Jon Huntsman, David Magerman, Cliff Asness, “ You’re, Elizabeth Magill, Ronald Lauder’s, Lauder, ” Lauder, ”, “ Liz, Liz, UPenn, ” Magill, ” Bok Organizations: New York CNN Business — Former University of Pennsylvania, Ivy League school’s, CNN, Israel, University of Pennsylvania, Ivy League school's, CSMI Consulting, “, University, Pennsylvania, Penn, Daily, Greenhill & Co Locations: Penn, Palestine, Israel, Philadelphia, Lauder

☆ Opinion | Kevin McCarthy, Humiliated Once Again
▼ + stars: | 2023-09-14 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

I watched him and I thought of Mitch McConnell clinging to a different lectern in a different city two weeks earlier, his physical struggle unquestionable but his thirst for dominance still unquenched. I thought of all the other Republicans — Mark Meadows, Peter Navarro, Lindsey Graham, the list is endless — who prostituted themselves for Trump. McCarthy right now is the main character in that story. And what a pathetic character he is. It wasn’t that the accumulated evidence had finally crossed some threshold or reached some tipping point.

Persons: Kevin McCarthy strode, Biden, Mitch McConnell, Rudy Giuliani, Mark Meadows, Peter Navarro, Lindsey Graham, McCarthy, Hunter Organizations: U.S, Capitol, Trump

☆ Is America’s economy really as bad as Republican presidential candidates say it is?
▼ + stars: | 2023-08-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —To hear Republican presidential candidates describe the US economy, you’d think it was in a deep recession, with growth and productivity choked off by President Joe Biden’s policies. The economy is strong, but most Americans say they don’t feel good about it, according to polls. HousingAnother reason voters are down on the economy: Housing affordability is at its lowest point in decades. In fact, economic growth is booming thanks to the strong labor market and resilient consumer spending. We won’t have a complete read on third-quarter economic growth until late October, but already, forecasts for GDP “are running wild on the upside,” writes Chris Rupkey, chief economist at FwdBonds.

Persons: New York CNN —, Joe Biden’s, Biden, Republicans can’t, what’s, — it’s, Jerome Powell, Trump, “, It’s, deride “, ”, Chris Rupkey Organizations: New, New York CNN, Republicans, GOP, CNN, Federal, Inflation Fox News, Wisconsin, Bureau of Labor Statistics, Federal Reserve, Trump, Biden, Corporations, FwdBonds, Atlanta Federal Reserve Locations: New York, Ukraine, America, United States

On Tuesday, Phoenix was poised to break its own record for consecutive days of high temperatures of at least 110 degrees. The temperatures are “very extreme,” said Matt Salerno, a meteorologist with the National Weather Service in Phoenix. “We see people passing out from full-blown heat stroke with a core body temperature of 104 degrees,” he said. Credit... Go Nakamura/ReutersIn Texas, the heat this year has prompted cotton plants, especially in the southern parts of the state, to bloom early. The spot where he stood was already under a heat advisory, with heat indexes forecast to reach around 110 degrees on Tuesday.

Persons: Phoenix, ”, Mazey Christensen, Matt Salerno, “ We’re, Alex Guerrero, Adriana Zehbrauskas, Ramsay de, Charles Outen, Zach Stone, Rocky Martinez, Rebecca Noble, Dee Lee, Brandon Bell, Jerald Moser, Moser, Michael Crimmins, Go Nakamura, “, Josh McGinty, Mr, McGinty, Ralph Horton, Horton, Maggie Miles, Jack Healy, Sheryl Kornman Organizations: Sweet Republic, Phoenix . Business, National Weather Service, Phoenix Fire Department, The New York Times, Weather Service, Demuth Community Center, Salvation Army Tucson Hospitality House, Tucson Medical, University of Arizona, Houston ., Reuters, Texas Locations: Phoenix, Phoenix ., Santa Fe, New Mexico, Arizona, Northern, Michigan, New York, Vermont, Palm Springs, Calif, Southern California, Tucson, Ariz ., Ariz, Maricopa County, Ironwood, Marana, Houston, Reuters In Texas, Corpus Christi, Southern, Jackson, Miss, Montgomery, Ala, Tallahassee, Fla, Vicksburg, Texas, Mississippi

On Tuesday, Phoenix was poised to break its own record for consecutive days of high temperatures of at least 110 degrees. “We see people passing out from full-blown heat stroke with a core body temperature of 104 degrees,” he said. The persistent heat in the Southwest is the result of a high-pressure system that has been parked over the region for weeks. Credit... Go Nakamura/ReutersIn Texas, the heat this year has prompted cotton plants, especially in the southern parts of the state, to bloom early. The spot where he stood was already under a heat advisory, with heat indexes forecast to reach around 110 degrees on Tuesday.

☆ Arizona continues to allow a company to pump enough water to support a city of 50,000 to grow crops for Saudi Arabia's cows while some state residents have had their water supply cut off
▼ + stars: | 2023-07-17 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Arizona has taken steps to lower residents' water consumption as it combats a long-term drought. Meanwhile, the spigot flows freely for the Saudi-owned company, Fondomonte, WaPo reported. For years, that information was unavailable to Arizona due to little state oversight and regulations, the Post reported. Meanwhile, state and city officials throughout Arizona have taken steps to cut back residents' water usage. In January, Scottsdale also cut off the water supply for about a thousand Rio Verde residents, citing extreme drought conditions.

Persons: WaPo, Jordan Rose, Fondomonte, Katie Hobbs, Hobbs Organizations: Saudi, Service, Washington Post, Arizona PBS, Post, Scottsdale City, Gov Locations: Arizona, Wall, Silicon, Saudi, Fondomonte, Butler Valley, Phoenix, Scottsdale, Rio Verde

☆ Biden, With Sluggish Small Donations, Waits for Liberal Energy to Rise
▼ + stars: | 2023-07-16 | by ( Reid J. Epstein | More About Reid J. Epstein | ) www.nytimes.com time to read: +1 min

When President Biden traveled to San Francisco last month, he raised more than $10 million in 36 hours from wealthy Democrats. Trips to Chicago and New York netted millions more, as did fund-raising events around Washington, proving that the party’s big-donor class is fully committed to Mr. Biden’s re-election campaign. The Biden campaign and the Biden Victory Fund, its joint fund-raising vehicle, collected $10.2 million from small donors — defined as those who gave $200 or less — during the three-month fund-raising period that ended June 30, according to a Federal Election Commission report filed Saturday. That figure is about half of the $21 million President Barack Obama’s campaign raised during the same period of his 2012 re-election effort. Democrats involved with Mr. Biden’s campaign and the world of online fund-raising detailed a host of reasons for Mr. Biden’s relatively low small-dollar haul.

Persons: Biden, Biden’s, Barack Obama’s Organizations: San, New York, Biden, Fund Locations: San Francisco, Chicago, New, Washington

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