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There are cracks forming in the US jobs market
  + stars: | 2024-08-02 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +9 min
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. The unemployment rate is expected to hold steady at 4.1%, according to FactSet consensus estimates. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Economic Policy Institute, Locations: Oxford
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that doesn't mean it's too late to revamp your public image. The internet obsessed over Mark Zuckerberg, switching his old aesthetic of hoodies and gray t-shirts to his new look — he now sports chain necklaces. Hannah Salton, a UK-based career coach and author with a background in corporate recruitment, said it's important to create a persona for work that you're comfortable with. Tailor your social media accountIt's vital to be aware of your online presence, including your social media accounts, she said.
Persons: , Mark Zuckerberg, he's, Hannah Salton, Salton, Cooper Neill, it's Organizations: Service, Business
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, Locations: Oxford
Keep reading to learn how to watch USA vs. Belgium free from anywhere. Below, we've outlined everything you need to know about watching Belgium vs. USA. How to watch USA vs. Belgium in the USToday's USA vs. Belgium game, in addition to the rest of the Olympics, will live stream on Peacock in the US. Check price at FuboHow to watch USA vs. Belgium in the UKUSA vs. Belgium, along with the rest of the Olympics, will live stream on Eurosport in the UK. How to watch USA vs. Belgium in AustraliaMuch of the Olympics, including USA vs. Belgium, streams through 9Now in Australia.
Persons: we've, Diana Taurasi, A'ja Wilson, Breanna Stewart, Napheesa Collier, Chelsea Gray —, Peacock, Stan Sport, ExpressVPN Organizations: Business, States women's, basketball, Belgium, USA, Japan, NBC, Peacock, Eurosport, BBC Locations: States, Belgium, USA, Germany, Paris, Australia, 9Now, Australian
University of Connecticut star Paige Bueckers will sign a name, image and likeness deal with the new women's basketball league Unrivaled, people familiar with the matter told CNBC. Unrivaled was founded last year by Women's National Basketball Association players Breanna Stewart of the New York Liberty and Napheesa Collier of the Minnesota Lynx. In February, Bueckers announced she would forgo the 2024 WNBA Draft to return to UConn for her senior season. Unrivaled was started as a way to allow WNBA basketball players the option to play in the U.S. during their offseason. Angel Reese of the Chicago Sky was the first player from this year's WNBA rookie class to join the league.
Persons: Paige Bueckers, Breanna Stewart, Napheesa Collier, Bueckers, Stewart, Collier, Chelsea Gray, Kelsey Plum, Angel Reese, Geno Auriemma, Carmelo Anthony, Steve Nash, Alex Morgan, Megan Rapinoe, John Skipper, David Levy, Ashton Kutcher Organizations: UConn Huskies, NCAA, Iowa Hawkeyes, Mortgage, University of Connecticut, CNBC, Women's National Basketball Association, New York Liberty, Minnesota Lynx, WNBA, UConn, Las Vegas Aces, Dallas Wings, Chicago Sky, Bueckers, National Basketball Association Locations: Cleveland , Ohio, U.S
There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman over a slowing economy. Announced layoffs last month were the highest for any July in more than two decades, outplacement firm Challenger, Gray & Christmas reported. Investors got what they thought they wanted, with the 10-year Treasury yield breaking below 4% for the first time since February. Even tech stocks found themselves in the red as they too, may be hurt more by a slowing economy, than their valuations are boosted by lower rates.
Persons: Jerome Powell, Chris Rupkey, Adam Crisafulli, Dow Jones, Yun Li, Jeff Cox Organizations: Federal Reserve, Institute for Supply Management, Investors, Dow Jones, Dow, JPMorgan Chase, Caterpillar, Vital Knowledge Locations: U.S
In Kibaha, Tanzania, just west of the capital Dar es Salaam, a group of pioneering architects are set to build a new village with “earth printing” at its heart. A rendering of the community center for Hope Village, which Hassell says is expected to begin construction in 2025. Hope Village is more ambitious, according to Mark Loughnan, principal and head of design at Hassell. For Dr. Consola Elia, who will oversee the children’s home at Hope Village, the project is “the reality of a dream that I’ve had for over 20 years,” she said in a statement. Work on the masterplan has begun, with housing already underway and construction of the community center expected to begin in early 2025.
Persons: Hassell, ClarkeHopkinsClarke, , Xavier De Kestelier, De Kestelier, Mario Cucinella, ” De Kestelier, Hassel, Mark Loughnan, , Consola Elia, I’ve, we’re Organizations: CNN, NASA, Hope, Institute, Architecture, Mario Cucinella Architects, Tanzanian, New Yorker, Crane WASP, Arts Locations: Kibaha, Tanzania, Dar, Salaam, Catalonia, Barcelona, Spain, Ravenna, Italy, Rome, Uganda, Hope
This year, Blackstone hosted more than 150 summer interns, including summer associates who tend to come from business or law school, as well as the undergrads who make up its summer analyst program. AdvertisementCheck out our exclusive deep dive into Blackstone's 10-week-long summer analyst program below. How competitive is Blackstone's summer analyst internship program? AdvertisementA group photo of Blackstone's summer analyst class during orientation. Gray recently addressed what leads to success at Blackstone in a speech to the 2024 summer analyst class, which was posted on Linkedin.
Persons: , Blackstone, Jon Gray, Paige Ross, Blackstone's, Blackstone Blackstone, Taylor Kanfer, Kanfer, Mr Stone, Steve Schwarzman, they're, Ross, Goldman Sachs, There's, decamp, they'll, Gray, Kleiner Perkins, Chan Zuckerberg Organizations: Service, Harvard, Business, BI, University of Pennsylvania, Diverse, Blackstone, Investment, Linkedin, LinkedIn, Goldman, Barclays Locations: York, New York, Wayne , Pennsylvania, Miami, Asia, Africa
This mechanism, the researchers say, can not only give us more insight into the secrets hidden below Mercury’s surface, but on planetary evolution and the internal structure of exoplanets with similar characteristics. Mercury owes its gray surface to the widespread presence of graphite, which is a form of carbon. Also known as the Mercury Surface, Space Environment, Geochemistry and Ranging mission, it gathered data about the planet’s geology, chemistry and magnetic field, before the spacecraft ran out of fuel and impacted the surface. “However, some lavas at the surface of Mercury have been formed by melting of the very deep mantle. “Only future missions to the planet Mercury will tell whether these predictions were correct.
Persons: , Bernard Charlier, it’s, Yanhao Lin, ” Charlier, Lin, Charlier, , Giuseppe “ Bepi ”, Sean Solomon, Solomon, landers, ” Solomon, BepiColombo, Manley, Felipe González, González, ” González, Organizations: CNN, Mercury, University of Liège, NASA, Johns Hopkins University Applied Physics Laboratory, Carnegie Institution of Washington Mysterious, Center for, Science, Technology, Research, Nature Communications, MESSENGER, European Space Agency, Japan Aerospace Exploration Agency, Columbia University, ESA, University of California Locations: Mercury, Belgium, Beijing, Italian, Giuseppe “ Bepi ” Colombo, New York City, Berkeley
Read previewThe usual orders battle between Airbus and Boeing played second fiddle to supply-chain issues at last week's Farnborough Airshow. AdvertisementLast month, Airbus reduced its delivery targets, citing supply chain issues, which saw its stock drop as much as 11%. The day before the show, Guillaume Faury, the Airbus CEO, told the media the planemaker was having "important discussions" with some key suppliers as it was facing "a bit of an unexpected challenge." Frustrations with the supply chain were evident among airline bosses speaking at a summit on the first day of the airshow. AdvertisementWith gray skies for much of the week, the weather seemed to reflect the downturn for Airbus and Boeing.
Persons: , Joshua Ng, Guillaume Faury, Luis Gallego, Ng, Dave Calhoun, Stephanie Pope, Kelly Ortberg, Rockwell Collins, Sir Keir Starmer Organizations: Service, Airbus, Boeing, Farnborough, November's Dubai, Alton Aviation Consultancy, Business, International Airlines Group, British Airways, Aer Lingus, Alaska Airlines, Current, Defense, NATO Locations: Paris, Farnborough, Ukraine, Gaza
After nearly four decades, it seemed impossible that the only answer for my husband and me could be divorce. At the time, I figured we were going through what many people call a political divorce. He was a little right of center, and I was a little left, but we agreed about most political things discussed in the news. Even the kids agree we work better divorced than married, and there is much less tension when we're all together. When we married, I promised to love him for the rest of my life, and I now feel confident that I'll do that.
Persons: wasn't, It's, it's Organizations: Service, Politics
The Eiffel Tower shines in the background while the Olympic flag is raised during the opening ceremony in Paris on July 26. Francois-Xavier Marit/Pool/ReutersWelcome to our Saturday coverage of the 2024 Olympic Games, which officially got underway in Paris Friday night with a dazzling opening ceremony. Rain tries to steal the show: Paris’ gray skies opened up about 30 minutes into a three-and-a-half-hour show. Celine Dion returns: After a stunning light show on the Eiffel Tower, one of the most iconic singers of the last several decades, made her return to performing after four years. And when the Olympic flame burst into its cauldron, which was attached to a giant balloon, it began to float.
Persons: Francois, Xavier Marit, Celine Dion, Edith Piaf’s “, , Axelle, Lady Gaga, Zizi Jeanmaire, Zinedine Zidane, Rafael Nadal, Serena Williams, Nadal, Carl Lewis, Tony Parker, Teddy Riner, Marie, José Organizations: Nations, Eiffel, Olympic Broadcasting Services Locations: Paris, of Light, France, Canadian
The moment the good news came over the radio was “exhilarating,” Wolfe County Search and Rescue Chief John May told CNN. The search began on July 16, when Hern’s family realized where he had gone and contacted the search group, May told CNN. That night, a team searched for Hern until after midnight, but they couldn’t find him, the Wolfe County rescue group posted on Facebook. After July 8, Hern told rescuers he didn’t eat or drink anything, as his mouth was too dry to do so. From Wolfe County Search & RescueHern was hospitalized and was not able to walk on his own, the rescue group wrote on Facebook on July 22, two days after his rescue.
Persons: Scott Hern, ” Wolfe, John May, , , “ It’s, hadn’t, Wolfe, ” May, Hern’s, May, Eric Wolterman, Hern, Wolterman, ” Wolterman, “ Scott Hern, I’m, “ We’ve, , Hearn, rehydrate, ” CNN’s Tanika Gray Organizations: CNN, US Forest Service, WLEX, Facebook, Team, Kentucky State Police Locations: An Ohio, Kentucky, Wolfe, Ironton , Ohio, Wolfe County, Ohio, Bell Falls
“I cried for my area, my house, and everything around me,” Al-Hasanat told CNN in June. Several Palestinians told CNN they could take only their most significant personal items on long and hazardous journeys of displacement. Israeli strikes destroyed several of the university’s buildings in the early days of the war, Palestinian news agency WAFA reported. Students told CNN days spent on campus have been replaced by repeated displacement and bloodshed. Courtesy Raghad Ezzat HamoudaWith no end to the war in sight, other Palestinians told CNN they have held onto their house keys as a reminder of home.
Persons: Ahmed Al, Hasanat, Al, ” Al, “ Ayten, Dad, , , ’ ”, Khan Younis, Ahmad Salem, , ” Ahmed Al, Fadi Adwan, WAFA, , Haya Ismail, Refaat Alareer, Ismail, Dina, Dr, ” Ismail, Fadi, Rochelle Davis, , Adwan, Ezzat Hamouda, Hamouda, Tamam –, Raghad Ezzat, Scott Webster, Israel, Davis, Samah, Ayten Organizations: CNN, United Nations, Bloomberg, Getty Images Israel, Hamas, Ministry of Health, Islamic, of Gaza, UN, Ministry of Education, Higher, Students, Georgetown University, , Palestine, IDF, Government Media Office, Museum of, Palestinian, University of Sydney, Amnesty, Getty, Shifa, UNICEF, Government Media, Palestinian Ministry of Health, West Bank Locations: Gaza, Al, Mughraqa, Palestine, Israel, Palestinian, Rafah, Gaza City, Deir Al, Beit Lahia, Ramallah
So I thought, ‘Let me see if I can go to the Athens Olympics. An unexpected opportunityOmaira got to watch the final dress rehearsal of the opening ceremony of the Athens 2004 Olympic Games on August 13, 2004. And then Omaira was off to work at the shooting center, where the Games’ shooting events were held. But while Omaira was cultivating a pretty heady crush, Dimitris didn’t really have time to engage with his potential feelings. Omaira GillThis year marks 20 years since Omaira and Dimitris crossed paths at the Athens Olympics.
Persons: CNN — Omaira Gill, ” Omaira, ‘ I’m, , , Omaira, ’ ”, … ’, , , Omaira didn’t, “ I’d, David Gray MD, she’d, ’ Omaira Gill, Dimitris Athanasiou, Dimitris, , they’re, ” Dimitris, ” Dimitris ’, hadn’t, Dimitris who’d, he’d, Dimtiris, Dimitris didn’t, Dimitris quizzed, “ Will, She’d, I’m, … ’ ”, couldn’t, didn’t, “ You’ve, Dimitris ’, that’s, we’d, Omaira Gill, Paulo Coelho, “ Omaira, ” Here's Dimitris, Omaira Gill Omaira, Hermes, Dimitiris, Hector, Orion, they’ll, “ Hermes, We’re, Dimitris – Organizations: CNN, Olympic, CNN Travel, Athens, , ‘ Volunteers, Uni, Reuters, Olympics, Olympic Games, Paralympic, MSN, Omaira, , Athens Olympics, Stade de France, Disneyland Locations: Athens, Greece, Birmingham, United Kingdom, London, inbox, Omaira, Pakistan, India, Paris, Disneyland Paris, Europe
Paris shows offIt wasn’t exactly the night that Paris 2024 organizers would have hoped for (more on that in a moment). Celine Dion returns in stunning fashionThis handout released by the Olympic Broadcasting Services, shows a view of singer Celine Dion performing on the Eiffel Tower during the opening ceremony of the Paris 2024 Olympic Games Paris 2024 on July 26, 2024 in Paris, France. Musicians from Gojira, a heavy metal band, perform during the opening ceremony of the Paris 2024 Olympic Games in Paris, France, on July 26. A most magnificent cauldron lightingThe torchbearers French former sprinter Marie-Jose Perec and French judoka Teddy Riner arrive to light the Olympic cauldron during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024. Mohd Rasfan/AFP/Getty ImagesThe 2024 Games promised an opening ceremony unlike any other and it delivered – including on the incredible cauldron lighting.
Persons: Marie, Lady Gaga, Franck Fife, , Celine Dion, Dion, , Marie Antoinettes, Zhang Yuwei, John Lennon’s “, Jose Perec, Teddy Riner, Mohd Rasfan, Zinedine Zidane, Rafael Nadal, Serena Williams, Nadal, Carl Lewis, Tony Parker, José Pérec, Sandee LaMotte Organizations: Paris CNN, Olympic Games, of, Nations, Eiffel, of Nations, Olympic Broadcasting Services, Paris, IOC, US Food and Drug Administration, Gojira, Olympic, Getty, Games Locations: Paris, of Light, Seine, France, French, AFP
The economics of the Olympics
  + stars: | 2024-07-26 | by ( Alicia Wallace | Alex | Leeds Matthews | ) edition.cnn.com   time to read: +12 min
“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
He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.
Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, , , Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP
He's not doing all this out of the kindness of his heart; he's doing it because he wants the credit-card rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. But credit-card rewards are, indeed, making things uncomfortable. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card.
Persons: Pam, she's, It's, He's, Jane, Joe, there's, Mary fuming, Matt Schulz, Taylor Swift, I'm, Jen, who's, She'd, nonpoints, Emily Thompson, Guy, they'd, Ted Rossman, , Danielle Bayard Jackson, she'd, Thompson, I'd, Matt, " Schulz, LendingTree, they've, Emily Stewart Organizations: brunch, LendingTree, American, Business Locations: San Francisco, Ipsos, Singapore, Chicago, Alaska, Florida
When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.
Persons: Lawrence Cain Jr, Cain, , Asa Featherstone, Black, Derek Brown, Brown, He’s, , It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C
The videos began circulating Wednesday, quickly going viral on social media and sparking an outcry from both the public and some politicians. One video shows a man on the ground with at least two police officers pointing a taser at him. The video appears to show the attacks taking place on the ground level of the airport outside of several elevators. In its statement released on X, Greater Manchester Police outlined what it said were the events that led up to the videos. Police said they were called to Terminal 2 of the airport on Tuesday evening following reports of an assault.
Persons: CNN —, Constable Wasim Chaudhry, ” Chaudhry, Andy Burnham, Paul Waugh, Waugh, Diana Johnson, Richard Tice Organizations: CNN, Manchester Airport, Manchester Police, Greater Manchester Police, Police, Independent Office of Police, Protesters, Rochdale, Home, Reform Locations: Britain, Rochdale, Greater Manchester
She is six feet tall, speaks with a central Georgia drawl and smiles as if she’s keeping the best secret. During the W.N.B.A.’s All-Star weekend, she jumped into a whole new tax bracket. Her salary this year is $185,000, but she earned an additional $115,150 on Friday by winning the league’s 3-point contest and skills competition. Her situation illustrated a theme of the league’s All-Star festivities. There is more money than ever coming into the W.N.B.A.
Persons: Allisha Gray, Caitlin Clark, Angel Reese Organizations: Atlanta Locations: Georgia
Anu Duggal, a founding partner of Female Founders Fund, launched the event during the pandemic to assuage some of the loneliness founders felt. AdvertisementEmily Middleton and Anu Duggal of Female Founders Fund share a laugh onstage during their opening remarks. Yumi Matsuo StudioSince its pandemic beginnings, Camp FFF has evolved into a rare and necessary sanctuary where female founders can connect and sometimes commiserate. Yumi Matsuo StudioIn the tasting room, guests set down cups of cold brew and picked up notebooks before taking their seats. Anu Duggal of Female Founders Fund traded the venture capital uniform of a Patagonia fleece vest for a flamingo-pink pantsuit.
Persons: , Candace Bushnell, Anu Duggal, Lydia Fenet, Emily Middleton, Yumi Matsuo, Middleton, ChatGPT, Poppy Harlow, Kyle Leahy, Glossier's, Emily Weiss, Leahy, Taylor Swift, Matsuo, Arey, Allison Conrad, Melanie Goldey, Amanda E, J Morrison, Julie Products, Hayley Barna, Barna, Birchbox, Christie Horvath, Horvath, Stephanie Horton, Marina Organizations: Service, Fund, FFF, Business, Tally Health, Google Locations: Southampton , New York, Patagonia
At a cryptocurrency convention in Austin in May, Blake Emerson Benthall hustled for investor money alongside scores of other entrepreneurs. But none of them, it is safe to say, could pitch their experience as the leader of a multimillion-dollar criminal drug enterprise. In the convention’s “Deal Flow Zone,” Mr. Benthall, 5-foot-4, cleanshaven and wearing a gray tee with his start-up’s logo, turned his laptop around at a lunch table and began giving his spiel to a bespectacled potential investor. “I’m a lifelong entrepreneur,” Mr. Benthall said as he clicked through a presentation that detailed how he had run Silk Road 2.0, the second iteration of the infamous online bazaar where 1.7 million anonymous customers signed up and used Bitcoin to buy methamphetamine, heroin and other illegal substances. and the years he spent in the punitive employ of the federal government.
Persons: Blake Emerson Benthall hustled, Mr, Benthall, “ I’m, ” Mr Locations: Austin
Editor’s Note: Rear Adm. Richard Timme retired from the US Coast Guard after 32 years of service. For the antithesis of this ethos, look directly at the China Coast Guard. It’s an homage, intended or not, to the nobility of purpose embodied in our coast guard. That is why I find the conduct of the China Coast Guard so jarring and disconcerting — such as attacking and destroying a Philippine resupply mission. Video Ad Feedback Shocking scenes as Filipino boats are targeted by the Chinese coast guard 03:04 - Source: CNNInstead of guarding, protecting, defending and saving, as a coast guard should do, the China Coast Guard is attacking, intimidating, violating and threatening its neighbors in the region.
Persons: Richard Timme, “ Gray, Adm, Samuel Paparo, Guard Cutter Healy, ’ EEZs, who’s Organizations: US Coast Guard, CNN, China Coast Guard, Guard, Navy, Mellon, Pacific, Center for Strategic, International Studies, CSIS, United Nations Convention, US Navy, Pacific Command, Arctic Council, Security, Polar, US, Coast Guard Locations: Philippine, China, Philippines, South, US, Richard Timme China, South China, People’s Republic, United States, Japan
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