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☆ NHL roundup: Kraken hand Bruins first home regulation loss
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +8 min

[1/5] Jan 12, 2023; Boston, Massachusetts, USA; Seattle Kraken goalie Martin Jones (30) reacts during the third period against the Boston Bruins at TD Garden. Jones logged 10 of his stops in the second period in his third shutout this season and 28th overall. Tyler Seguin scored his 10th goal of the season for the Stars and Oettinger made 29 saves. Kyle Connor scored the game-winning goal in the third period, while Dylan Samberg, Josh Morrissey and Karson Kuhlman also scored for the Jets. Victor Olofsson had a goal and an assist and Tyson Jost scored for Buffalo, which has lost three in a row.

☆ One civil rights icon has been overlooked in history books. His family is trying to change that.
▼ + stars: | 2023-01-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Claretta-Bellamy-Byline-Jm.Jpg | Claretta Bellamy | ) www.nbcnews.com time to read: +5 min

This was why he believed they made such perfect activists in the civil rights movement. Civil rights leader Martin Luther King Jr. kneels in prayer with the Rev. Family photoAfter visiting the courthouse, the Reeses’ tour continues to the Brown Chapel AME. They also hold weekly discussions on a program called “The Lineage Podcast,” where they “fill in certain holes of the civil rights movement.”The Rev. “I always say that I feel honored to even be connected to a part of history that a lot of people are yearning for,” Marvin Reese said.

☆ Greece's last king Constantine II to be buried privately in Athens
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +3 min

[1/5] Sons of Greece's former King Constantine II, Crown Prince Pavlos, Prince Nikolaos and Prince Philippos leave the Maximos Mansion following a meeting with members of the Greek government, in Athens, Greece, January 11, 2023. REUTERS/Alkis KonstantinidisATHENS, Jan 11 (Reuters) - Greece's former King Constantine II, who died on Tuesday night aged 82, will be buried privately at a former royal estate north of Athens, the Greek government said on Wednesday. Deposed by military rulers and spurned by his subjects who voted to ditch the monarchy in 1974, Constantine II was the only son of King Paul and Queen Frederica of Greece. Constantine II, godfather to Britain's Prince William and a second cousin to King Charles, would be buried privately in Tatoi, the summer palace of the former Greek royal family, where his ancestors are also laid to rest, the government said. Constantine II was 27 years old and had only recently ascended to the throne, in 1964, when he was forced into exile with a young family in late 1967.

☆ French video game maker Ubisoft increases writedowns and lowers targets
▼ + stars: | 2023-01-11 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

SummarySummary Companies Plans 200 million-euro cost cuts, staff reductionCuts quarterly, full-year sales targetsPARIS, Jan 11 (Reuters) - Ubisoft (UBIP.PA) is increasing its writedown estimate to 500 million euros ($538 million) and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales, the French video game maker said on Wednesday. Ubisoft cited the deteriorating economy, marked by lower spending on non-essential goods, to explain the acceleration of the depreciation, previously targeted at 400 million euros. Duguet declined to elaborate on the size of the staff reduction, which will be made through attrition, the company said. Net bookings in the third quarter are now expected at 725 million euros, down from a previous estimate of 830 million euros. Ubisoft said it was targeting operating income of around 400 million euros for fiscal 2023-2024, after taking into account the less favourable economic environment.

☆ New $22 million Korean War memorial in Washington has 1,015 spelling errors and 245 service members who didn't die in the war, report says
▼ + stars: | 2023-01-10 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

The Wall of Remembrance at the Korean War Veterans Memorial was unveiled in Washington last year. But the memorial contains over a thousand spelling mistakes and errors, The New York Times reported. Two historians told NBC it will cost US taxpayers millions of dollars to rectify the mistakes. The Wall of Remembrance at the Korean War Veterans Memorial was first unveiled last summer and is meant to include all of the 36,634 names of American service members who died in battle in the Korean War. The Korean War lasted from 1950 to 1953.

☆ Bolsonaro supporters invade Brazil presidential palace, Congress, Supreme Court
▼ + stars: | 2023-01-08 | by ( ) www.cnbc.com time to read: +4 min

Supporters of Brazilian President Jair Bolsonaro take part in a protest to ask for federal intervention outside the Army headquarters in Brasilia, on November 2, 2022. Supporters of Brazil's far-right former President Jair Bolsonaro on Sunday invaded the country's Congress, presidential palace and Supreme Court, in a grim echo of the U.S. Capitol invasion two years ago by fans of former President Donald Trump. Television images showed protesters breaking into the Supreme Court and Congress, chanting slogans and smashing furniture. The Supreme Court was ransacked by the occupiers, according to social media images that showed protesters shattering the windows of the modernist building. "Violence has no place in a democracy," Douglas Koneff, the U.S. chargé d'affaires in Brasilia, wrote on Twitter.

☆ Instant View: US payrolls show labor market remains strong but wages rises cool
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +5 min

Nonfarm payrolls increased 223,000 last month, the Labor Department said in its closely watched employment report on Friday. Monthly job growth is well above the pace needed to keep up with growth in the working age population. "Through the rest of the report, the average hourly earnings month over month came in at 0.3%. But everything else about this shows a very, very resilient labor market which doesn’t bode well for a smaller rate hike. "Fed will look at these numbers and say that the labor market is still pretty robust and to the extent that they would like to see a bit of slack in the labor market."

The group of hard-line Republicans standing firm in opposing Rep. Kevin McCarthy’s bid for speaker has coalesced around an alternative: Rep. Byron Donalds, a conservative two-term lawmaker from Florida who is considered a rising star in the GOP but is still relatively unknown nationally. Donalds said the incident inspired him to change his life and eventually emerge from businessman to politician. In 2021, Donalds was denied membership in the Congressional Black Caucus and insisted it was because of his conservative views. Donalds’ wife, Erika Donalds, with whom he has three children, is also a conservative Republican and involved in state politics. Rep. Byron Donalds, R-Fla., center right, speaks with a colleague in the House chamber at the U.S. Capitol, on Wednesday.

Bolsonaro, a far-right nationalist, left Brazil for Florida on Friday after losing to leftist President Luiz Inacio Lula da Silva in Brazil's most fraught vote in a generation. Bolsonaro's U.S. trip insulates him from any immediate legal jeopardy in Brazil, where he is under investigation in at least four criminal probes. Under Brazil's constitution, a sitting president can only be arrested if he is convicted by the Supreme Court. From September, Lula will be able to install his own prosecutor general, who has the power to charge Bolsonaro if his cases remain with the Supreme Court. Bolsonaro also faces 12 requests for investigation at the Superior Electoral Court (TSE) for baseless claims Brazil's electoral system is liable to fraud, as well as alleged abuses of power for granting economic benefits to win votes.

☆ There are currently zero members of the US House of Representatives
▼ + stars: | 2023-01-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The US House currently has no duly-sworn members, and won't until a Speaker is chosen. It's the first time in a century that the House has been vacant for more than a day. Hours later, the chamber re-convened for the 118th Congress, ready to elect a new Speaker of the House and organize itself. The House is scheduled to reconvene at noon at Wednesday, with the first order of business being the election of a Speaker. asked former Republican Rep. Billy Long of Missouri, noting the role that members play in assisting their constituents with federal agencies.

While the majority party has elected their nominee on the first ballot over the past century, this year could be different. Members vote "viva voice," meaning they stand when their names are called by a reading clerk and verbally announce who they are voting for. Members can vote for anyone (even people who are not members of the House), vote present, or not vote at all. If every member doesn't show up, or if some vote present instead of supporting a candidate, that decreases what the majority vote needs to be. Political parties are much stronger now than they were then, when House members were often more loyal to their region.

☆ Earth, Wind & Fire drummer Fred White dies at age 67
▼ + stars: | 2023-01-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

Drummer Fred White, who backed up his brothers Maurice and Verdine White in the Grammy-winning ensemble Earth, Wind & Fire, has died. He didn’t say how or where his brother died. Fred White was already an accomplished drummer, playing for Donny Hathaway, before he joined Earth, Wind & Fire in the mid-1970s. Verdine White said his brother Fred was a gifted child musician, “with gold records at the young age of 16 years old!” Fred White remained with the band until 1983. Maurice White died at the age of 74 in 2016.

☆ Conservatives vying to derail Kevin McCarthy's speaker bid may not be able to stop him. But forcing multiple votes — the record is 133 — could still make for a historic fight.
▼ + stars: | 2022-12-31 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

Kevin McCarthy is working to clinch the votes needed to become House speaker in 2023. Around a dozen House Republicans currently have issues with giving him the job. Should getting a promotion require more than five dozen ballots, McCarthy would move into Howell Cobb territory (63 ballots; 1849). In order to push McCarthy past Banks in terms of all-time ballots, blockers would have to keep McCarthy at bay at least 134 times. "We may see the cherry blossoms before we have a Speaker," the Trump-aligned Floridian said, citing DC's seasonal spectacle.

All the major S&P 500 sector indexes rose, with consumer discretionary (.SPLRCD) and technology (.SPLRCT) leading the pack with a near 3% rise. The Fed's aggressive rate hikes have hammered equities this year, with the benchmark S&P 500 (.SPX) shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%. The CBOE Volatility index (.VIX), known as Wall Street's "fear gauge", slipped, signaling an easing in investor anxiety. Tesla shares (TSLA.O) rose 8.3% after Chief Executive Elon Musk told staff they should not be "bothered by stock market craziness". The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 40 new highs and 117 new lows.

☆ NHL roundup: Connor McDavid extends point streak to 16 in Oilers' win
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +6 min

December 28 - Connor McDavid scored the winning goal in the third period to run his point-scoring streak to 16 games and lead the visiting Edmonton Oilers to an entertaining 2-1 victory over the Calgary Flames on Tuesday. Ilya Sorokin made 20 saves as the Islanders won their second straight -- their first winning streak since a four-game run Nov. 21-26. Los Angeles goalie Pheonix Copley made 23 saves to extend his personal win streak to five games. New York lost for the second time in three games following a seven-game winning streak. Evan Rodrigues and Mikko Rantanen also scored while Alexandar Georgiev made 27 saves for the Avalanche, whose four-game winning streak ended.

☆ Kayakers hailed as heroes for rescuing pilot from icy creek after plane crash
▼ + stars: | 2022-12-26 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Quick-thinking kayakers are being hailed as heroes after helping rescue a pilot whose single-engine plane crashed Monday morning into an icy creek in Maryland, authorities said. The aircraft plummeted into Beards Creek in Edgewater near the Lee Airport shortly before 10:30 a.m., according to Maryland State Police. While the plane was sinking, the pilot exited his plane and stood on the wing. A small plane crashed into an icy creek in Maryland on Monday. WRC/WBALShortly after, personnel with the Maryland Department of Natural Resources arrived by boat, police said.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

☆ A food fight is raging over what we can and can't call 'meat'
▼ + stars: | 2022-12-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +13 min

Morten Toft Bech, the founder of a startup that makes plant-based meat alternatives, brought the animals in protest. Meat lobbies argue that plant-based products have stolen the concept of meat without matching its taste and nutrition standards, tarnishing the integrity and cultural importance of meat. It tends to argue that plant-based meat alternatives shouldn't be allowed to use meaty terms at all because, put simply, they aren't meat. Meat bodies want startups to come up with new terms for plant-based food that imitates meat. Both meat organizations and plant-based companies told Insider they encouraged a healthy, balanced diet.

☆ House speaker elections and floor fights, explained
▼ + stars: | 2022-12-15 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

Congress can’t really function until it has a House speaker; the position is filled on the first day of a new Congress, January 3, even before members-elect take the oath of office. What’s standing between McCarthy and the speaker of the House position is a handful of conservative lawmakers. This is what people are talking about when they refer to a “floor fight.” It’s when House members require multiple ballots, or votes, to elect their speaker. The process stretched over more than a month and included a sort of inquisition on the House floor of the three contenders. House Speaker Nancy Pelosi was elected with 216 votes in 2021 to kick off the current Congress.

The bill already passed the Senate and now goes to President Joe Biden for his signature. “In removing Taney’s bust, I’m not asking that we would hold Taney to today’s moral standards,” House Majority Leader Steny Hoyer said on Wednesday while advocating for the statue’s removal. Figures like Taney belong in history textbooks and classroom discussions, not in marbled bronze on public display of honor.”A similar effort in 2020 that passed the House aimed to remove Taney’s bust from the Capitol along with monuments honoring Confederates. That bill, however, was eventually stalled by Senate Republicans who argued that states should decide which statues they’d like to display in the Capitol. A statue of Taney was previously removed in 2017 from the grounds of the Maryland State House.

☆ Fed hikes rates by 50 bp, as expected, keeps hawkish tone
▼ + stars: | 2022-12-14 | by ( Reuters Staff | ) www.reuters.com time to read: +8 min

STORY: STATEMENT TEXT:MARKET REACTION:STOCKS: The S&P 500 turned sharply lower then steadied down 0.11%BONDS: Benchmark 10-year note yields rose then backed off to 3.4847%. CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They’re reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. You know, the biggest thing that is holding the Fed back right now are the jobs numbers. The most dovish participants is looking for an extra 50 bps of hikes.

☆ Instant view: Fed hikes rates by 50 bp, as expected, keeps hawkish tone
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +8 min

CHRIS ZACCARELLI, CHIEF INVESTMENT OFFICER, INDEPENDENT ADVISOR ALLIANCE, CHARLOTTE“The Fed is taking away the punchbowl just as the party was getting started. They're reiterating their forecasts but the whisper number was that the Fed was going to stop at a 4.5%-4.75% terminal rate. "But the Fed is out there saying that 5.1% is still on the cards … and that rate hikes will continue." BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN“The most interesting part of the releases were in the Summary of Economic Projections. And they’re holding it there longer than markets expected.”“In addition, they’re downgrading GDP estimates for this year, and in particular, for next year.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. Wall Street's main indexes have slumped this year on fears of aggressive rate hikes triggering a U.S. recession. The Nasdaq and the S&P 500 (.SPX) have fallen 29.5% and 17.2%, respectively, so far in 2022 and are on track for their worst yearly performance since 2008. Seven out of the 11 major S&P 500 sector indexes were in the green, led by energy (.SPNY) and technology stocks (.SPLRCT). The S&P index recorded no new 52-week highs and two new lows, while the Nasdaq recorded 29 new highs and 136 new lows.

Wall Street's main indexes have slumped this year on fears of aggressive rate hikes triggering a U.S. recession. ET, Dow e-minis were up 81 points, or 0.24%, S&P 500 e-minis were up 12.75 points, or 0.32%, and Nasdaq 100 e-minis were up 34.25 points, or 0.3%. Qualcomm Inc (QCOM.O) lost 2.7% after Wells Fargo downgraded its rating on the smartphone chipmaker's stock to "underweight" from "equal weight". Rivian Automotive Inc (RIVN.O) lost 1.2% after the company paused its partnership discussions with Mercedes-Benz Vans on electric van production in Europe. Reporting by Shubham Batra, Ankika Biswas and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Op-ed: Authoritarian rulers suffered new setbacks in 2022. Here's what the democratic world needs to do to seize the momentum
▼ + stars: | 2022-12-04 | by ( Frederick Kempe | ) www.cnbc.com time to read: +3 min

This year has been a tough one for the world's worst authoritarians: Russian President Vladimir Putin, Chinese President Xi Jinping, and Iranian Supreme Leader Ali Khamenei. Presidents Putin and Xi in early February 2022, just ahead of the Beijing Olympics, entered a "no limits" strategic partnership. Beyond that, President Putin has set back the Russian economy by more than a decade, and sanctions are only beginning to bite. Namely, the Chinese people accept restricted freedoms and fealty to the party so long as the party provides economic rewards and social security. A series of policy mistakes have slowed Chinese growth to just 3% in 2022, yet President Xi continues to prioritize party control over economic freedoms.

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