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☆ John Kelly goes on the record to confirm several disturbing stories about Trump
▼ + stars: | 2023-10-02 | by ( Jake Tapper | ) edition.cnn.com time to read: +8 min

CNN —John Kelly, the longest-serving White House chief of staff for Donald Trump, offered his harshest criticism yet of the former president in an exclusive statement to CNN. Kelly set the record straight with on-the-record confirmation of a number of damning stories about statements Trump made behind closed doors attacking US service members and veterans, listing a number of objectionable comments Kelly witnessed Trump make firsthand. “A person that has no idea what America stands for and has no idea what America is all about. Then-candidate Trump of course said in front of a crowd in 2015 that former Vietnam POW Sen. John McCain, an Arizona Republican, was “not a war hero. Milley, in a call authorized by Trump administration officials, reassured his Chinese counterparts that such a strike was not going to happen.

Persons: John Kelly, Donald Trump, Kelly, Trump, ” Kelly, “, ’, autocrats, ”, Jeffrey Goldberg, Vietnam POW Sen, John McCain, weren’t, Goldberg, McCain, George H, Bush, Mark Milley, Belleau Wood, Susan Glasser, Peter Baker, ” Trump, Luis Avila, Bob Woodward, Robert Costa, Milley, Norah O’Donnell, Cassidy Hutchinson, Hutchinson, Alyssa Farah Griffin, Griffin, there’s, Mattis, Mark Esper, Bill Barr Organizations: CNN, White House, Trump, Gold Star, Arlington National Cemetery, Vietnam POW, Arizona Republican, Navy, ” CNN, Chiefs, Marines, House, Joint Chiefs, Trump White House, CBS Locations: France, Afghanistan, Iraq, Arizona, Aisne, Paris, Arlington, The, Gen

But asked Friday if he planned to be at the New York trial, Trump said: “I may. I may.”Engoron, a Democrat, has ruled repeatedly against Trump in the three years he's been presiding over James' lawsuit. He's forced Trump to sit for a deposition, held him in contempt and fined him $110,000. At a hearing in the case last Wednesday, the day after his ruling, Engoron offered “a little bit of New York humor" to break the tension. In 2013, he was appointed an acting justice of the state’s trial court and ran unopposed for a permanent post in 2015.

Persons: —, Arthur Engoron, Stevie, ”, Donald Trump's, Engoron, Trump, Letitia James, James, Jean Carroll, “, he's, He's, ” Trump, Christopher Kise, Engoron's, who’ve, ” Engoron, irreverence, Michael Bloomberg's, ” He’s, Wheatley, Michelle Bernstein Ravenscroft, Bob Dylan, Shakespeare, Marx, Frank Sinatra, Stevie ” —, — Engoron, Rube Goldberg, Franz Kafka, Marquis, Sade, James ’ Organizations: New, Ivy League, Trump, NYS, Trump Organization, Democrat, White, The Wheatley, New York Mets, Mets, Columbia University, American Civil Liberties Union, New York University, New York, New York City Civil Court Locations: Vietnam, New York City, York, Manhattan, New, New York, Queens, East Williston, Long, Old Westbury , New York, Wheatley, Central Park, Trump, Sisak, x.com

(AP) — Mississippi has seen a consistent rise in the number of families accepting public assistance for child care since lawmakers banned abortion in almost all circumstances, with the sharpest increase coming after a child support policy change in May, the state human services director said Friday. They also said that when parents couldn't find child care, it prevented them from getting back to work. Delbert Hosemann, also a Republican, disputed the idea that the abortion ban has had an impact on child care voucher enrollment. “It’s clear to me it’s not the Dobbs decision. It’s the fact that we made this policy decision that’s been approved by the governor and that you’re seeing thousands of people become eligible because of that,” Hosemann said.

Persons: JACKSON, Bob Anderson, Dobbs, ” Anderson, Roe, Wade, Tate Reeves, couldn't, Delbert Hosemann, “, it’s, that’s, ” Hosemann, they’re, Reeves, ”, Cory Custer, ” ___ Michael Goldberg Organizations: —, Mississippi Department of Human Services, Jackson, Health Organization, U.S, Supreme, Gov, Republican, Child, Associated Press, America Statehouse News Initiative, America Locations: Miss, — Mississippi, Mississippi, @mikergoldberg

☆ Opinion | ‘The Entire Debate Was a Gong Show’: Winners and Losers From the Second Republican Showdown
▼ + stars: | 2023-09-28 | by ( New York Times Opinion | ) www.nytimes.com time to read: +21 min

Matthew Continetti Governor Haley is an excellent communicator, but her message was often lost amid all the cross talk. Daniel McCarthy In this debate, Governor Haley decided to play the role that Vivek Ramaswamy played last time, frequently interrupting and attacking others. Matthew Continetti Governor DeSantis is not an exciting debater, but he remains the most plausible alternative to Donald Trump. Jane Coaston He really, really, really wanted to fight Donald Trump, who was not present. His worst moment was a canned line in which he compared Donald Trump to Donald Duck (Disney defamation suit to follow).

Persons: Ronald Reagan, Jane Coaston, Tim Scott, Vivek Ramaswamy, Ramaswamy, Gail Collins, Matthew Continetti, Haley, Ron DeSantis, I’m, Michelle Cottle, Ross Douthat, Amy Klobuchar, Vivek Ramaswamy’s Pete Buttigieg —, Michelle Goldberg, Katherine Mangu, Ward, Daniel McCarthy, Katherine Miller Haley, Scott, ” Peter Wehner, she’d, DeSantis, Donald Trump, zinged Trump, Trump, he’s, Nobody, Michelle Goldberg DeSantis, DeSantis —, Daniel McCarthy He’s, don’t, Katherine Miller, Peter Wehner, Christie, Donald Duck, Matthew Continetti Governor Christie, He’s, —, Ross Douthat “ Donald DUCK, “ Donald Duck, ” Katherine Mangu, Biden, ” Daniel McCarthy Governor Christie, Katherine Miller Christie, stemwinders, Donald Trump’s, Haley —, ’, “, ” Matthew Continetti, MAGA populists, MAGA, Haley didn’t, Reagan, Ward Ramaswamy, Katherine Miller Ramaswamy, Burgum, Ross, Yep, Katherine Miller Burgum, Gail Collins Boy, Pence, ”, Mike Pence, Asa Hutchinson, Peter Wehner Trump Organizations: Republican, Ronald Reagan Presidential, American Special Operations, Washington, Trump, Fox, Washington , D.C, South, Blacks, ’, Reagan Locations: California, Iowa, New Hampshire, Mexico, Florida, Ukraine, Washington ,, New Jersey, Simi Valley, China, America, North Dakota

☆ Opinion | Senate Leaders Need to Break With Menendez Now
▼ + stars: | 2023-09-26 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +3 min

Hopefully, Democratic leaders in the Senate will do the right thing, and this column will be obsolete by the time you read it. Every other Democratic senator — especially the Senate majority leader, Chuck Schumer — should join them. (Menendez knows this as well as anyone, having been charged with corruption once before but spared by a hung jury.) While he is entitled to another fair trial, he is not entitled to a seat in the United States Senate. Republicans, of course, understand that his presence in the Senate works to their advantage, which is why the right-wing senator Tom Cotton of Arkansas declared that Menendez should stay put.

Persons: Robert Menendez, —, Chuck Schumer —, Menendez, he’s, ”, ” —, Tom Cotton of Organizations: Democratic, Department of Justice, United States Senate, Senate Foreign Relations Committee, Monday, Democratic Party Locations: New Jersey, Egyptian, Cuba, New York, America, U.S, Tom Cotton of Arkansas

☆ Opinion | Ibram X. Kendi and the Problem of Celebrity Fund-Raising
▼ + stars: | 2023-09-25 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

The turmoil at Ibram X. Kendi’s Center for Antiracist Research at Boston University, which recently laid off more than half its staff, has been a schadenfreude bonanza for the right. Three years later, there are considerable questions about what’s been accomplished with all that money. Conservatives who see Kendi as the living embodiment of the style of social justice activism they deride as “wokeness” are, naturally, gleeful. It’s almost hard to blame right-wingers for their delight; Kendi’s mistakes played right into their hands. It exemplifies the lamentable tendency among left-leaning donors to chase fads and celebrities rather than build sustainable institutions.

Persons: George Floyd, what’s, Jeffrey Blehar, ” Organizations: Kendi’s, Antiracist Research, Boston University, National, Washington Examiner Locations: antiracism

The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. Broadly speaking, higher rates for longer could be an unwelcome turn of events for stocks and bonds. The S&P 500 lost 0.94% on Wednesday, while the yield on two-year Treasuries, which reflect interest rate expectations, hit 17-year highs. Futures tied to the Fed’s policy rate late Wednesday showed traders were betting the central bank would ease monetary policy by a total of nearly 60 basis points next year, bringing interest rates to about 4.8%. Signs of wobbling growth could bolster the case for the central bank to cut rates far sooner than it had projected.

Persons: Sarah Silbiger, Josh Jamner, Gennadiy Goldberg, Jerome Powell, …, David Norris, John Madziyire, ”, Norris, Davide Barbuscia, David Randall, Herbert Lash, Lewis Krauskopf, Ira Iosebashvili, Stephen Coates Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Federal, U.S, Treasury, U.S ., Clearbridge Investments, TD Securities USA, TwentyFour Asset Management, Thomson Locations: Washington ,, U.S

☆ Memorial from broken headstones unveiled for desecrated Jewish cemetery in Belarus
▼ + stars: | 2023-09-21 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +8 min

CNN —When a large Jewish cemetery was paved over last century to create a sports ground in Belarus, the headstones were used to make roads and buildings. Brest, also known as Brest-Litovsk, had been a hub of Jewish life before World War II, with Jewish residents first recorded there in the 14th century. Debra Brunner of The Together Plan stands in a warehouse in Brest, surrounded by the broken headstones. The Together PlanThe first stage of the desecration began during the war, when the Nazis tried to destroy the cemetery by selling off the headstones. His whole family other than his nuclear family was murdered.”He added: “In 1997 there were no signs of the cemetery.

Persons: Yad Vashem, Debra Brunner, ”, matzevot, Artur Livshyts, Brunner, ” Brunner, ” Artur Livshyts, Livshyts, Alexander Lukashenko, Stephen Grynberg’s, Jack, Grynberg, Steven Spielberg, ” Grynberg, Dad’s, Brad Goldberg –, Stephen Grynberg, Stephen Grynberg “ I’m, Goldberg, ” Livshyts Organizations: CNN, Litovsk, The, Religious Jewish, Religious Jewish Union of, Shoah Foundation, Hollywood Locations: Belarus, United Kingdom, Brest, Yad, Israel’s, “, Belarusian, Minsk, Ukraine, Los Angeles, Religious Jewish Union, Religious Jewish Union of Belarus, Texas, United States, ”

☆ Stocks waver, short-end U.S. yields rise after hawkish Fed statement
▼ + stars: | 2023-09-20 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

"They're talking about higher rates for longer, but it's really the economy that matters. MSCI's U.S.-centric gauge of stocks across the globe (.MIWD00000PUS) fell 0.25% as stocks on Wall Street mostly slid. "Right now the message is we're going to leave rates higher for longer to make sure we slay the inflation dragon. Sterling came under pressure after data showed Britain's high inflation rate fell unexpectedly in August, prompting speculation that the Bank of England could pause its historic run of interest rate hikes as soon as Thursday. The dollar index rose 0.076%, with the euro down 0.02% to $1.0675.

Persons: Brendan McDermid, Jerome Powell, Powell, Gennadiy Goldberg, it's, Anthony Saglimbene, Sterling, Brent, Herbert Lash, Dhara Ranasinghe, Samuel Indyk, Tom Westbrook, Toby Chopra, Chizu Nomiyama, Sharon Singleton, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Global, Federal Reserve, Market, Fed, TD Securities, Dow Jones, Nasdaq, Japan's Nikkei, Bank of England, Bank of, U.S, West Texas, Thomson Locations: New York City, U.S, New York, MSCI's U.S, Troy , Michigan, Europe, Asia, Pacific, Japan, Sweden, Switzerland, Norway, Britain, London, Singapore

☆ Dollar higher as Fed skips rate hike but stiffens hawkish stance
▼ + stars: | 2023-09-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. But from there, the Fed's updated quarterly projections show rates falling only half a percentage point in 2024 compared with the full percentage point of cuts anticipated at the meeting in June. Interest rate sensitive two-year Treasury yields hit 17-year highs on Wednesday after the Fed decision. "It looks as though the Fed is trying to send as hawkish a signal as it possibly can," said Gennadiny Goldberg, interest rate strategist at TD Securities. The yen was down 0.13% versus the greenback at 148.05 per dollar after the Fed decision.

Persons: Dado Ruvic, Karl Schamotta, Schamotta, Jerome Powell, Gennadiny Goldberg, Dominic Bunning, BoE, Masato Kanda, Janet Yellen, bitcoin, Saqib Iqbal Ahmed, Herbert, Joice Alves, Brigid Riley, Marguerita Choy, Jonathan Oatis Organizations: REUTERS, U.S, Federal Reserve, TD Securities, Bank of England, Reuters, FX Research, HSBC, Washington, Treasury, Thomson Locations: Toronto, Japan, U.S, New York, London, Tokyo

☆ Analysts react to Federal Reserve leaving interest rates unchanged
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +8 min

Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. I do think that they'll remain data dependent and you'll probably hear that from Powell at the 2:30 press conference and going forward as well. So yes, they're talking about higher rates for longer, but it's really the economy that matters. This is because when the Fed announces an interest rate increase, credit card interest rates typically follow shortly thereafter, which may result in larger minimum monthly payments for credit card holders. While the decision not to raise interest rates this time round mitigates that for now, more interest rate increases may be on the horizon.

Persons: Jerome Powell, GARRETT MELSON, presser, GINA BOLVIN, Powell, BRIAN JACOBSEN, MENOMONEE, KARL SCHAMOTTA, GENNADIY GOLDBERG, it's, TOM MARTIN, MICHELE RANERI Organizations: Federal Reserve, U.S, Treasury, Fed, PPI, OF, TOM, Global Finance, Markets, Thomson Locations: BOSTON, Powell, WISCONSIN, TORONTO, U.S, ATLANTA, CHICAGO

☆ With flurry of FAA approvals, many more drones are about to fly over U.S. skies
▼ + stars: | 2023-09-20 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

This week, drone delivery company Zipline was granted Federal Aviation Administration approval to fly drones beyond the visual line of sight. That's a major milestone in efforts to extend the range of the domestic drone industry over U.S. airspace, and Zipline isn't the only drone operator to recently receive FAA approval. It's a regulatory aim that the drone companies have been working towards for a decade and will pave the way for other companies to receive streamlined approval for their own drone flights beyond the visual line of sight. Prior to "beyond the visual line of sight" approval, human observers were required to be stationed along the entire route a drone was flying to ensure that there was no interference with air traffic. Now he says Zipline will be able to serve "hundreds of millions of people" in the U.S."It unlocks the scale of the technology so that everybody can benefit.

Persons: Zipline, we've, Keller Cliffton Organizations: U.S, Federal Aviation Administration, FAA, Phoenix Air Unmanned, Walmart, Amazon Locations: U.S

☆ Foreign holdings of US Treasuries increase in July, China holdings plunge -data
▼ + stars: | 2023-09-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +2 min

Total holdings of U.S. Treasuries climbed to $7.655 trillion in July, up from $7.562 trillion in the previous month. China's stash of Treasuries dropped to $821.8 billion, the lowest since May 2009, when it had $776.4 billion, data showed. "A lot of the increase in foreign holdings was from the Caymans, Luxembourg, Bermuda, which are associated with custodians. Major U.S. asset classes showed mixed results during the month, data showed. Data also showed U.S. residents increased their holdings of long-term foreign securities, with net purchases of $36.8 billion in July.

Persons: Kevin Lamarque, Treasuries, Gennadiy Goldberg, Goldberg, Gertrude Chavez, Dreyfuss, Chris Reese, Sonali Paul Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Analysts, TD Securities, U.S, Thomson Locations: Washington , U.S, U.S, Treasuries, China, New York, Luxembourg, Bermuda, Japan

☆ Opinion | Where Has All the Left-Wing Money Gone?
▼ + stars: | 2023-09-18 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

As we stumble toward another existential election, panic is setting in among some progressive groups because the donors who buoyed them throughout the Trump years are disengaging. He added, “Groups need money to make sure we have a good outcome next November. And it speaks to a mood of liberal apathy and disenchantment that Democrats can’t afford ahead of another grueling election. “To the degree that there isn’t enough organic enthusiasm, we have to generate it,” Wimsatt said. And, of course, there’s inflation, a big part of the reason that charitable giving is down overall.

Persons: ”, Billy Wimsatt, Alexandria Ocasio, Cortez, Joe Crowley, Wimsatt, there’s, “, ” Wimsatt, you’re, Donald Trump’s, Ana Marie Cox Organizations: Trump, Voter, Sierra Club, Democrats, Democratic, Democratic House, can’t, Republican Locations: behemoths, New Republic

TikTok employees in the United States expressed frustration and dismay this week after the company introduced a tool for tracking office attendance and threatened disciplinary action for failing to comply with new in-person mandates, in an unusual effort to get workers back into the office with custom data-collection technology. Employees at TikTok, which is owned by the Chinese company ByteDance, received notices this week about the new tool, an app called MyRTO. A dashboard with the data is visible to employees, their supervisors and human resource staff members. TikTok requires many of its roughly 7,000 U.S. employees to work in offices three times a week beginning in October. Employees were told that “any deliberate and consistent disregard may result in disciplinary action” and could “impact on performance reviews.”

Persons: ” Organizations: Employees, The New York Times Locations: United States, TikTok

☆ Michael McGrath, Tony Winner and ‘Spamalot’ Veteran, Dies at 65
▼ + stars: | 2023-09-15 | by ( Neil Genzlinger | More About Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Michael McGrath, who won a Tony Award in 2012 for his work in the musical “Nice Work if You Can Get It” and was a regular on Broadway, Off Broadway and regional stages, known especially for comedic roles and for his ability to conjure the likes of Groucho Marx, George M. Cohan and Jackie Gleason, died on Thursday at his home in Bloomfield, N.J. His family announced the death through the publicist Lisa Goldberg. No cause was provided. Mr. McGrath was one of those stage actors who might rarely be recognized on the street yet worked steadily for decades, drawing good notices throughout. He did much of his early work at Theater by the Sea in Matunuck, R.I., where he appeared regularly from 1977 to 1991, including in the title role of a 1989 production of “George M!,” the musical about Cohan, the famed song-and-dance man.

Persons: Michael McGrath, Groucho Marx, George M, Cohan, Jackie Gleason, Lisa Goldberg, McGrath, “ George M, ” Michael Burlingame, “ McGrath, Luciano Pavarotti, “, Mel Gussow, ” Organizations: New York Times Locations: Bloomfield , N.J, Matunuck, London, Conn, New York

NEW YORK (AP) — Michael McGrath, a Broadway character actor who shined in zany, feel-good musicals and won a Tony Award for “Nice Work If You Can Get It,” has died. McGrath died Thursday at his home in Bloomfield, New Jersey, said his publicist, Lisa Goldberg. “Michael McGrath was as wonderful offstage as he was on,” wrote Michael Urie in tribute. The actor also moves with the confidence of a born hoofer, particularly in his ″'The God-Why-Don’t-You-Love-Me Blues. '″He is survived by his wife of 30 years, actor Toni Di Buono and a daughter, actor Katie Claire McGrath.

Persons: — Michael McGrath, ”, McGrath, Lisa Goldberg, “ Michael McGrath, Michael Urie, ” McGrath, Martin, Michael McGrath, Patsy, ‘, ’, Monty, Eric Idle, Tony, Cookie McGee, Matthew Broderick, Kelli O’Hara, Charlie conviviality, Toni Di Buono, Katie Claire McGrath Organizations: Broadway, “, “ Memphis ”, City Center, The Associated Press Locations: Bloomfield , New Jersey, “, “ Memphis

☆ After Birkenstock's 'Barbie' bump, iconic footwear brand seeks a big part in IPO market
▼ + stars: | 2023-09-13 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.

Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S

☆ Opinion | The Straitjacket of Minority Rule
▼ + stars: | 2023-09-11 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

One of the most influential books of the Trump years was “How Democracies Die” by the Harvard government professors Steven Levitsky and Daniel Ziblatt. Because that volume was prescient about how Donald Trump would try to rule, I was surprised to learn, in Levitsky and Ziblatt’s new book, “Tyranny of the Minority,” that they were shocked by Jan. 6. But at the time, he said, “we didn’t consider or call the Republican Party an authoritarian party. “Societal diversity, cultural backlash and extreme-right parties are ubiquitous across established Western democracies,” they write. And only in America is the coup leader likely to once again be the nominee of a major party.

Persons: Trump, Steven Levitsky, Daniel Ziblatt, ”, Donald Trump, Jan, they’ve, Levitsky, “, Ziblatt Organizations: Harvard, Republican Party Locations: United States, Levitsky, America

☆ Telesat buys SpaceX launches for Lightspeed internet satellites
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. The agreement covers 14 launches of the Canadian venture's Lightspeed internet satellites. SpaceX has used its rockets to launch communications satellites for companies that compete directly or indirectly with its global Starlink internet network. These deals come as an Amazon shareholder alleges the company snubbed SpaceX for launch contracts of the tech giant's Kuiper internet satellites. Earlier this summer Telesat announced a swap in the manufacturer of its Lightspeed satellites, with Canadian space company MDA taking the place of French-Italian manufacturer Thales Alenia Space.

Persons: Elon Musk's, Dan Goldberg, Goldberg, Jeff Bezos, Glenn, Starlink, Telesat Organizations: PARIS, SpaceX, Elon, Elon Musk's SpaceX, Canadian, Lightspeed, CNBC, Viasat, Glenn, New Glenn, SpaceX's, MDA, Thales Alenia Space Locations: Italian

☆ Telesat taps SpaceX to launch its broadband satellites in orbit
▼ + stars: | 2023-09-11 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

LEO satellites operate 36 times closer to Earth than traditional ones so they take less time to send and receive information, leading to better and faster broadband service even in remote areas. "It is another big step forward on our path to get Lightspeed up there," Telesat CEO Dan Goldberg told Reuters. Telesat picked Elon Musk's SpaceX because it had "the best combination of price, performance, reliability and schedule tempo," Goldberg said. Satellite constellations have sapped large amounts of the U.S. launch supply in recent years with considerably large bulk launch orders like Telesat's SpaceX contract. SpaceX aims to nearly double its annual launch rate in 2023 thanks to its growing Starlink constellation.

Persons: Dan Goldberg, Blair Gable, Telesat, Elon, Goldberg, we've, Jeff Bezos's, Steve Scherer, Joey Roulette, Will Dunham Organizations: REUTERS, Rights, SpaceX, LEO, Lightspeed, Reuters, Canada's MDA, Thales Alenia Space, Thales, MDA, Amazon, Thomson Locations: Canadian, Ottawa , Ontario, Canada, Washington

☆ Opinion | Wisconsin Republicans Try to Subvert Democracy, Again
▼ + stars: | 2023-09-08 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

If Republicans move ahead with this impeachment, it will be for one reason only: because they think they can. (Given the size of their Senate majority, they couldn’t afford to lose a single vote.) But some observers think that even if Republicans impeach Protasiewicz, they have no intention of actually holding a Senate trial. But since the state Constitution is silent on a timeline for that process, Republicans could impeach Protasiewicz and then leave her in legal oblivion indefinitely. “Senate Republicans in Wisconsin are basically saying, ‘Yeah, we’re not going to have a trial.

Persons: ”, Charlie Sykes, Protasiewicz, Tony Evers, ’ ”, Sykes, “ Organizations: Democratic Party, Wisconsin’s, Republicans, Trump, State Senate, Democratic Locations: Wisconsin, State

☆ A Workers’ Refrain: #ActYourWage
▼ + stars: | 2023-09-08 | by ( Emma Goldberg | ) www.nytimes.com time to read: 1 min

Workers began using the slogan — a corrective, of sorts, to #QuietQuitting — to argue that they weren’t underperforming; they were doing exactly what they were paid to do. The hashtag picked up in 2022, and posts using it have since racked up millions of views. The unusually hot job market of the past few years emboldened more than 40 million people to quit their jobs in 2021 and some 50 million in 2022.

Persons: —

REUTERS/Florence Lo/Illustration Acquire Licensing RightsSept 5 (Reuters) - A post Labor-day rush of bond issuance by U.S. investment-grade-rated companies added renewed pressure on long-end U.S. Treasuries, as some investors switch to buying top-rated corporate debt offering higher yields than those on government bonds. Investors told Reuters they expect anywhere between $100 billion and $150 billion in new bond issuance this month. Ten-year Treasury bond yields were last about nine basis points above Friday's market closing, at 4.27% from 4.180%, and 30-year yields similarly climbed about 9 bps to 4.38% from 4.285% on Friday. Other factors have also contributed to the selloff, from higher government bond supply to rising concerns around U.S. debt sustainability, as highlighted by Fitch’s downgrade of U.S. debt last month. "For right now, it’s just all about supply, and I think that’s what’s pushing yields higher," he said.

Persons: Florence Lo, Gennadiy Goldberg, Tom di Galoma, it’s, Philip Morris, Matt Tracy, Davide Barbuscia Organizations: REUTERS, Labor, Financing, Investors, Reuters, Fed, ICE, TD Securities USA, Federal Reserve, JPMorgan Chase, Tuesday's, Unilever Capital Corp, Philip Morris International, Volkswagen, Thomson Locations: U.S

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

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