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☆ ‘Primary Trust’ Review: Sipping Mai Tais, Until Bitter Reality Knocks
▼ + stars: | 2023-05-25 | by ( Naveen Kumar | ) www.nytimes.com time to read: +2 min

(“Primary Trust” doubles as the name of Kenneth’s new employer, and an abbreviated metaphor for what was lost when his mother died.) As in her superstore dark comedy “Paris,” presented by Atlantic Theater Company in 2020, Booth again probes the half-dread of working-class Black characters in a one-freeway-exit corner of the Northeast. And though Kenneth’s Blackness is an underlying aspect of his experience, it is not the acute source of his alienation. Booth’s one-man study is wonderfully vivid, but there’s only so much emotional engagement that the unburdening of feelings, rather than their enactment or discovery, can inspire. Her other characters are far more loosely sketched: Sanders and Matthis turn small roles, rich with concise, sideways detail, into four-course meals, paradoxically making them feel underused.

☆ An empty station, a burning countryside, soot raining from the sky: This is what it's like to ride Laos' gleaming new $6 billion railway in April
▼ + stars: | 2023-05-23 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

Laos is one of the few remaining communist countries in the world. But a shiny new railway funded by China now cuts through the countryside. It's a massive 1,000-kilometer, or 621-mile train network that aims to connect Laos with Thailand and Kunming in southern China. Despite being one of the poorest countries in Southeast Asia, Laos took on a $1.8 billion loan from China to build the railway. I flew to Laos from Singapore in early April to experience first-hand how the historic railway is developing.

☆ California Governor Wants to Cut Red Tape for Green Energy Projects
▼ + stars: | 2023-05-19 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/california-governor-wants-to-cut-red-tape-for-green-energy-projects-fa330839

☆ By recreating old photos, these children of immigrants step into their parents’ shoes
▼ + stars: | 2023-05-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

Visually recreating the archival photos allowed the subjects to step into their parents’ shoes — sometimes helping to mend fractures in those relationships, Lui said. Kyle Lui The series includes written reflections by participants that explore themes such as family, identity, race and nationality. Kyle Lui Some photos are taken in exactly the same place as the old ones, while others require a bit more creativity. Kyle Lui Alan's late father, pictured in front of an apartment building in New York's Chinatown. Kyle Lui Akil's father, pictured in a similar stance and setting — but with posters of reggae legend Bob Marley.

Bangkok, Thailand CNN —Opposition parties intent on preventing the military establishment from remaining in power in Thailand have formed a coalition with the hopes of forming a new government that could radically transform the kingdom if they are successful. Pita Limjaroenrat, the leader of Thailand’s Move Forward Party, which won the largest share of seats and the popular vote in Sunday’s election, said Thursday seven other parties had joined him in a coalition. Together, they secure a majority 313 votes in the lower house, according to Pita, who said: “We definitely will be able to form a government.”The eight parties include Move Forward, Pheu Thai, Thai Sang Thai, Prachachart, Seri Ruam Thai, Pheu Thai Ruam Palang, FAIR Party, and the Plung Sungkom Mai Party. Party members in the new coalition will now develop a memorandum of understanding, which will be presented on May 22. Prayut’s United Thai Nation Party won just 36 seats in the election, while another military-backed party Palang Pracharat, led by former army chief Prawit Wongsuwan, received 40.

☆ Asia's April heatwaves were '30 times more likely' because of climate change - scientists
▼ + stars: | 2023-05-17 | by ( David Stanway | ) www.reuters.com time to read: +2 min

SINGAPORE, May 17 (Reuters) - Record-breaking heatwaves that hit large parts of South and Southeast Asia in April were made "30 times more likely" as a result of human-induced climate change, an international team of scientists said on Wednesday. Humid heatwaves that used to happen once a century in Bangladesh and India are now expected to occur every five years, while the heat in Thailand and Laos would have been "virtually impossible" without climate change, the scientists said. "The heatwaves were not natural," said Chaya Vaddhanaphuti, a team member from Chiang Mai University in Thailand, during a media briefing on Wednesday. "Unless we take drastic measures to reduce carbon emissions, heatwave events like this will continue to become more common," he said. Reporting by David Stanway; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ An unshaven Elon Musk was clubbing in Mexico hours before meeting French President Emmanuel Macron, and joked that he 'had to sleep in the car'
▼ + stars: | 2023-05-16 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Elon Musk pulled up to his meeting with Emmanuel Macron unshaven after a night of clubbing. He was seen partying in Mexico hours before meeting Macron, and said that he slept "in the car." Macron met with Musk to discuss Tesla's possible investments in France. He also jokingly told Macron that he had to "sleep in the car" prior to their meeting, The Telegraph reported. Representatives of Macron and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Factbox: Preliminary results of Thailand's election
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

[1/4] Move Forward Party leader and prime ministerial candidate, Pita Limjaroenrat, meets with the media members on the day of the general election in Bangkok, Thailand, May 14, 2023. REUTERS/Jorge SilvaBANGKOK, May 14 (Reuters) - Thailand's opposition parties Move Forward and Pheu Thai won the most seats in Sunday's election, paving the way for a challenge to the military-backed government, which has been in power for nearly a decade. Parliamentary seats are distributed based on 400 open constituency seats and 100 'party-list' seats - or seats won by parties based on their share of national votes. Below are preliminary results of Sunday's ballot, according to the Election Commission of Thailand, with 97% of the vote counted. The tabulation of party-list seats is based on a Reuters tally of voting data made available by the election commission.

But housing costs have soared in the state over the past decade due to a lack of new construction, making it difficult for some students to live close enough to those universities to attend them. In Santa Cruz, the problem has been exacerbated by a flood of remote workers who arrived from the Bay Area during the pandemic and a 2020 wildfire that destroyed 900 housing units countywide. Santa Cruz is the second most expensive market for renters in the nation.

☆ Erdogan's future is in doubt, but Turkey's ties to Russia and tensions with the US aren't going anywhere
▼ + stars: | 2023-05-12 | by ( Matthew Mai | Defense Priorities | ) www.businessinsider.com time to read: +6 min

Western observers dislike Erdogan's foreign policy, but a different leader is unlikely to change course. Critics charge that President Recep Tayyip Erdogan's foreign policy is a direct outgrowth of his illiberal posture at home rather than shrewd geopolitics. Whether Erdogan or his challenger, Kemal Kilicdaroglu, wins, the interests guiding Turkey's foreign policy will require the same balancing act that eschews alignment with any great-power bloc and maximizes Ankara's freedom of action. Locals applaud as a convoy of Turkish trucks carrying tanks near Turkey's border with Syria in October 2019. By prioritizing independence and autonomy, foreign policy under a prospective Kilicdaroglu administration will embody a significant degree of continuity from his predecessor.

☆ Debt ceiling debates moving bond yields higher, says Wells Fargo's Michael Schumacher
▼ + stars: | 2023-05-10 | 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 EmailDebt ceiling debates moving bond yields higher, says Wells Fargo's Michael SchumacherMichael Schumacher, head of macro strategy at Wells Fargo, and Chris Grisanti, chief equity strategist and senior portfolio manager at MAI Capital Management, joins 'The Exchange' to discuss investing stocks that perform in recession times, opportunities in the bond market, and the Fed's rate plan.

For most of the day, stocks struggled for direction amid disappointing earnings from Tyson Foods and Catalent and a short-lived rebound in regional banks. The struggle for a clearer direction comes after a rally on Friday, when U.S. jobs data pointed to a resilient labor market. Producer prices, weekly jobless claims and consumer sentiment data are all lined up for the week. Shares of regional banks tumbled for much of last week on worries tied to the collapse of First Republic Bank. Warren Buffett's Berkshire Hathaway Inc's Class B shares rose after posting a $35.5 billion first-quarter profit, boosted by gains from stocks such as Apple.

Thailand was the most popular outbound destination for Chinese travelers during the May labour day holiday, data from website Trip.com showed, followed by Japan and South Korea. "There is definitely demand from China for properties in Thailand," said Mesak Chunharakchot, the president of the Thai Real Estate Association. "Chinese are buying houses, sending their children to international schools and having their parents come stay in Thailand to take care of the grandkids." Nearly 270,000 Chinese tourists visited Thailand in March, government data shows, a three-year high, though well below the figure of 985,227 in March 2019, before the pandemic took hold. Therefore some would sell one of the houses in China and buy a property here for retirement."

The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida's planned visit to South Korea on Sunday and Monday for talks with President Yoon Suk Yeol. Japan and South Korea will resume regular finance dialogue, likely to be held annually, at "an appropriate timing," Suzuki told reporters after the bilateral meeting. Washington has pressed both countries to resolve these disputes to better counter rising threats from China and North Korea and other regional challenges. Under Yoon, South Korea has resumed trilateral military drills and agreed to more intelligence sharing on issues like tracking ballistic missile launches from North Korea. China's finance minister and central bank head were not present at a trilateral meeting, with their deputies attending instead.

SummarySummary Companies Japan, South Korea hold 1st bilateral finance meeting in 7 yearsTwo nations to resume regular finance dialogue, likely annualAsia policymakers to discuss safeguardsINCHEON, South Korea May 2 (Reuters) - Japan and South Korea held their first finance leaders' meeting in seven years on Tuesday and agreed to resume regular dialogue, as tensions in the region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida's planned visit to South Korea next week for talks with President Yoon Suk Yeol. "Japan and South Korea are important neighbours that must cooperate to address various challenges surrounding the global economy, as well as the regional and international community," Japanese Finance Minister Shunichi Suzuki said at the meeting with his South Korean counterpart Choo Kyung-ho. Japan and South Korea will resume regular finance dialogue, likely to be held annually, at "an appropriate timing," Suzuki told reporters after the bilateral meeting. Choo is expected to visit Japan this year for another meeting with Suzuki, South Korea's finance ministry said.

SummarySummary Companies ASEAN+3 finance leaders meet in Incheon, South Korea, TuesdayJapan hopes to propose strengthening currency swap linesExpansion will offer better safeguards vs pandemic, disastersINCHEON, May 2 (Reuters) - Asian finance leaders will on Tuesday look for ways to tighten safeguards to address emergency funding needs during pandemics and natural disasters, as global recession fears and volatile financial markets cloud the economic outlook. Japan, which co-chairs this year's meeting with Indonesia, hopes to discuss strengthening currency swap lines, Finance Minister Shunichi Suzuki told reporters on Friday. Japan is keen to propose a facility that enhances the use of existing currency swap lines, and allows members to tap funds in emergencies, said three sources with direct knowledge of the matter. But the swap lines have never been used, not even during the COVID-19 pandemic, leading to calls within the group for the system to be more accessible. The ASEAN+3 finance leaders, including Suzuki and Bank of Japan (BOJ) Governor Kazuo Ueda, are meeting on the sidelines of the ADB's annual meeting in Incheon in South Korea this week.

☆ In California, Desperate College Students Compete for Spots in Trailer Park
▼ + stars: | 2023-05-01 | by ( Christine Mai-Duc | Photographs Clara Mokri For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Laura Chappell lives with six other roommates in a house near the University of California, Santa Cruz that has termite damage, annual rat infestations, and gopher holes throughout the backyard. Two of the seven spaces they use as bedrooms are unheated and unpermitted. She pays $963 a month, nearly half of her take-home pay, for the smallest of them.

☆ California’s Housing Crisis Leaves College Students Eager to Live in Trailers
▼ + stars: | 2023-05-01 | by ( Christine Mai-Duc | Photographs Clara Mokri For The Wall Street Journal | ) www.wsj.com time to read: 1 min

SummarySummary Companies ASEAN+3 finance leaders meet in Incheon, South Korea, TuesdayJapan hopes to propose strengthening currency swap linesExpansion will offer better safeguards vs pandemic, disastersINCHEON, May 2 (Reuters) - Asian finance leaders on Tuesday will debate ways to beef up regional safeguards to better address emergency funding needs during pandemics and natural disasters, as global recession fears and volatile financial markets cloud the economic outlook. Japan, which co-chairs this year's meeting of ASEAN+3 nations with Indonesia, hopes to discuss strengthening currency swap lines, Finance Minister Shunichi Suzuki told reporters on Friday. Japan is keen to propose a facility that enhances usage of existing currency swap lines, and allows members to tap funds in times of emergencies such as pandemics and natural disasters, said three sources with direct knowledge of the matter. But the swap lines have never been used, including during the COVID-19 pandemic, giving rise to calls from within the group to make the system more easily accessible in the event of shock events. The ASEAN+3 finance leaders, including Suzuki and Bank of Japan (BOJ) Governor Kazuo Ueda, are meeting on the sidelines of the ADB's annual meeting in Incheon in South Korea this week.

☆ Wrexham: An intoxicating tale of Hollywood glamour and sporting romance
▼ + stars: | 2023-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

In an often brutal and bleak world, the recent resurgence of Wrexham, the city as well as the soccer club, lifts the soul. The Turf pub is a must-see for Wrexham fans. But now, there’s Wrexham with a story that, in hindsight, feels as if it was just waiting for Hollywood. One of Wrexham city center's shopping areas, pictured on April 22. Wrexham fans celebrate on the pitch after their team beat Boreham Wood at the Racecourse Ground.

"It's not as if we're heading into a major crisis now," Suzuki said. Suzuki said he plans to attend the ASEAN+3 meeting on Tuesday, to be held on the sidelines of the Asian Development Bank's (ADB) annual meeting in Incheon in South Korea next week. The Bank of Japan also said its Governor Kazuo Ueda will travel to Incheon on May 1-4 to attend the meetings. The International Monetary Fund has urged Asian central banks to keep monetary policy "tighter for longer" to combat still substantial inflation risks. Reporting by Leika Kihara; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

2 producer Chile to nationalise its lithium sector may curb long-term supply growth, but it is not expected to have an immediate impact, analysts said. Battery-grade lithium carbonate prices in China rose 10.6% from a week earlier to 182,500 yuan ($26,380) a tonne, the first weekly increase since November 2022, data by Fastmarkets on Refinitiv Eikon showed. But prices tumbled 72% after China curbed EV subsidies in January, demand faltered and inventories rose. Global EV sales jumped 55% last year to 10 million and are expected to climb another 35% this year. Chinese state-backed research house Antaike expects lithium carbonate prices to average 220,000 yuan a tonne this year, down 54% from 2022, it said at a conference last week.

☆ Watch CNBC's full interview with Chris Grisanti on investing in slowing economy
▼ + stars: | 2023-04-26 | 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 EmailWatch CNBC's full interview with Chris Grisanti on investing in slowing economyChris Grisanti, chief equity strategist and senior portfolio manager at MAI Capital Management, and CNBC's Mike Santoli join 'The Exchange' to discuss the home builder trade, Microsoft's decision to squash its Activision deal, and investment opportunities in the healthcare sector.

☆ Investors should look at oversold stocks suffering from bloated inventories, says MAI's Chris Grisanti
▼ + stars: | 2023-04-26 | 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 EmailInvestors should look at oversold stocks suffering from bloated inventories, says MAI's Chris GrisantiChris Grisanti, chief equity strategist and senior portfolio manager at MAI Capital Management, and CNBC's Mike Santoli join 'The Exchange' to discuss the home builder trade, Microsoft's decision to squash its Activision deal, and investment opportunities in the healthcare sector.

☆ Sudanese help one another find medicine, water as state collapses
▼ + stars: | 2023-04-23 | by ( Mai Shams El-Din | ) www.reuters.com time to read: +4 min

Elsewhere, individuals have used technology to match local stocks of food, fresh water and medicine to neighbourhoods in need. It mobilised a team of surgeons and other medics, reopened a local health centre for urgent cases and set up a hotline for less urgent ones. It has handled at least 25 medical cases since the fighting began, Surketty said. With most of Khartoum's hospitals shut down, and the few still open offering only limited services, medical needs have been intense. They're not meant to be treated using Telehealth, they actually need to go to a hospital," Mujtaba said.

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