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☆ Wall St shares pare losses after choppy trading as yields spike
▼ + stars: | 2023-08-03 | by ( Lawrence Delevingne | Thomson Reuters | Delevingne Works Primarily On Enterprise Stories Related To Finance. He Joined Reuters In | ) www.reuters.com time to read: +4 min

Wall Street investors weighed another rise in Treasury yields with the latest batch of economic data and earnings. U.S. long-term Treasury yields hit nine-month highs on Thursday after employment and other economic data pointed to easing inflation, maintaining their high levels in the afternoon. EURO SHARES DOWNEuropean shares (.STOXX) slipped 0.6%, the third straight day of losses, bruised by disappointing earnings reports and elevated U.S. bond yields. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.2%, extending losses after a drop of 2.3% a day earlier. Spot gold ticked up 0.1% to $1,934 an ounce, held in check by a robust dollar and elevated bond yields.

Persons: Andrew Kelly, BoE, Gennadiy Goldberg, Goldberg, Sterling, Stuart Cole, Morgan Stanley, Brent, Lawrence Delevingne, Tom Wilson, Stella Qiu, Jonathan Oatis, Will Dunham, Alexander Smith Organizations: Dow Jones, New York Stock Exchange, REUTERS, Wall Street, Nasdaq, TD Securities, Reuters Global, . Labor Department, FTSE, Bank of England, Equiti, Thomson Locations: Manhattan , New York City, U.S, Asia, Pacific, Japan, China, Saudi, Boston, London, Sydney

☆ Focus: US psychiatrists prescribe Wegovy to battle medication-induced weight gain
▼ + stars: | 2023-08-03 | by ( Elissa Welle | ) www.reuters.com time to read: +6 min

[1/2] A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The global market for weight-loss drugs is forecast to reach as much as $100 billion within the decade. Beyond severe mental health disorders, other patients struggling with obesity tend to suffer from mental health issues like depression and anxiety at higher levels than the general population, studies show. However, psychiatrists specializing in eating disorders are wary that drugs like Wegovy could exacerbate their patients’ focus on weight loss because they are so effective. Dr. Michael Weintraub, an endocrinologist at NYU Langone Health, said ideally psychiatrists will work with endocrinologists because weight-loss drugs require careful monitoring not related to mental health issues.

Persons: Jim Vondruska, Wegovy, Novo, It's, doggedly, Joseph Goldberg, Eli Lilly, Natalia Salomao, Dost Ongur, Brigham, Roy Chengappa, New Yorker Alexander Roger, Roger, Michael Weintraub, McLean's Ongur, Elissa Welle, Michele Gershberg, Bill Berkrot Organizations: REUTERS, Icahn School of Medicine, U.S . Food, Drug Administration, Reuters, Mass, Brigham McLean Hospital, University of Pittsburgh Medical Center, New Yorker, Fordham University, Nordisk, NYU Langone Health, Thomson Locations: Chicago , Illinois, U.S, Mount Sinai, New York, Europe, Danish, Boston

☆ Fitch downgrades Fannie Mae, Freddie Mac after US rating cut
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A man walks through a plaza at the new Fannie Mae headquarters in Washington, U.S., October 4, 2022. REUTERS/Kevin LamarqueAug 2 (Reuters) - Ratings agency Fitch on Wednesday downgraded U.S. mortgage finance giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings (IDR) and senior unsecured debt ratings to 'AA+' from 'AAA' after the U.S. rating downgrade on Tuesday. The agency said the cut was a result of Tuesday's downgrade and was "not being driven by fundamental credit, capital or liquidity deterioration at firms". "The downgrade to the ratings of Fannie and Freddie was a certainty after Fitch's downgrade of the US rating since the two ratings are linked," said Gennadiy Goldberg, Head of US Rates Strategy at TD Securities. The move to cut U.S ratings on Tuesday drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Persons: Fannie Mae, Kevin Lamarque, Fitch, Freddie Mac Long, Fannie, Freddie, Gennadiy Goldberg, Urvi, Megan Davies, Chris Reese, Sandra Maler Organizations: REUTERS, AAA, U.S, TD Securities, White, Thomson Locations: Washington , U.S, Bengaluru, New York

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☆ Top Editor at The Atlantic Will Moderate ‘Washington Week’
▼ + stars: | 2023-08-02 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: 1 min

PBS announced Wednesday that Jeffrey Goldberg, the editor in chief of The Atlantic, would be the next moderator of “Washington Week,” the Friday evening public affairs show that is a staple among policymakers in the nation’s capital. The Atlantic will co-produce the show, which will be renamed “Washington Week With The Atlantic.” The magazine will cover some of the costs and help to sell sponsorships. Mr. Goldberg, who has been at The Atlantic for more than a decade — its former owner, David Bradley, recruited him in 2007 with a team of ponies — said he believed there were still enough viewers who cared about in-depth analysis of consequential issues to make the show a success. “The good thing is, there’s an awful lot of Americans, and I don’t need all of them to come here,” Mr. Goldberg said. “We just need five or 10 million.”

Persons: Jeffrey Goldberg, Goldberg, David Bradley, —, ” Mr, “ Organizations: PBS, The, Washington, Atlantic

☆ Opinion | The Radicalization of the Young Right
▼ + stars: | 2023-07-31 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

When Sitman condemned the right’s cruelty toward trans people, Hochman conceded some of his points. “Do I love the way that some people on the right talk about sensitive culture issues surrounding stuff like transgenderism always? “Could we use more empathy and humility in the way that we approach these questions? Absolutely.”In March, Hochman went to work for Ron DeSantis, who at the time still looked like the most viable standard-bearer for a post-Trump Republican Party. But whatever his motives, his trajectory from conservative intellectual wunderkind to disgraced troll tells us quite a bit about the culture of the young right.

Persons: —, Nate Hochman, Sam Adler, Bell, Hochman, who’d, Matthew Sitman, Adler, Bell’s, Sitman, ”, Ron DeSantis, Axios, he’d, — Hochman, callow, wunderkind Organizations: National, New York Times, Trump Republican Party, Florida City Locations: Nazi

☆ We’re in the Era of the ‘Top Gun’ C.E.O.
▼ + stars: | 2023-07-30 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com time to read: +1 min

“Your company is about to go on a rescue,” declared Christian Boucousis, who goes by the name Boo at work. “One of your company members went out to do reconnaissance and was shot down. His firm has worked with Nike, Pepsi, Bank of America and many other brands. “If you lose sight of the airplane you’re fighting against, you lose the fight,” Mr. Boucousis said. “We use that as a metaphor — if you lose sight of your business objectives, you’re not going to achieve them.”

Persons: ”, Christian Boucousis, Boo, ” Mr, Boucousis, Tom Cruise.Even, you’re Organizations: Nike, Pepsi, Bank of America

And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."

Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States

☆ Opinion | The Coming Biden Impeachment Farce
▼ + stars: | 2023-07-28 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

When House Republicans return from their recess this fall, they’re likely to have an item on their agenda besides pushing the government toward shutdown: impeaching Joe Biden. “You’ve got to get to the bottom of the truth, and the only way Congress can do that is go to impeachment inquiry,” the Republican House speaker, Kevin McCarthy, said on Tuesday. “This is what they want.” And with yet another Trump indictment imminent, I suspect impeachment momentum will only accelerate. Nevertheless, with the Republican base clamoring for impeachment, McCarthy has clearly signaled it’s a live possibility. Behind this circus, however, is something rather astonishing: A major part of the pretext for a possible impeachment of Joe Biden is exactly the same set of lies about Ukraine that helped convince Democrats to impeach Donald Trump the first time.

Persons: they’re, impeaching Joe Biden, “ You’ve, Kevin McCarthy, MAGA, McCarthy, Jamie Raskin, Trump, New York Times wryly, ”, it’s, you’re, Hunter Biden, Joe Biden, Donald Trump Organizations: Republicans, Republican House, New York Times, Republican, Fox News Locations: Ukraine

☆ Variety faces calls for a retraction as its head-turning story about CNN drama begins to fall apart
▼ + stars: | 2023-07-27 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Variety has a mess on its hands. Former CNN chief Jeff Zucker, The Atlantic journalist Tim Alberta, and Puck Editor-In-Chief Jon Kelly have all called for the outlet to publicly correct the record. But, thus far, Variety has resisted taking any such action, outside quietly removing the widely panned Tatiana Siegel-written feature from its online homepage. The outlet’s deafening silence comes as the piece begins to fall apart in public. (It goes without saying that Zucker’s camp denied to Siegel that this ever happened, but she printed it anyway.)

Persons: Jeff Zucker, Tim Alberta, Puck, Jon Kelly, Tatiana Siegel, Chris Licht, ”, Byers, Zucker, Siegel, David Zaslav, ” Byers, Siegel weaved, imploring, Natalie Korach, Zucker’s, Ramin Setoodeh, Cynthia Littleton, Korach, Kelly, Puck’s, “, Jeffrey Goldberg, …, ” Goldberg Organizations: CNN, Variety, The Atlantic, Warner Bros, Penske Media Corporation, PMC, The Locations: . Alberta, ” Alberta, Miami, cabanas, ”, Russian, Littleton

☆ Soft Landing Optimism Is Everywhere. That’s Happened Before.
▼ + stars: | 2023-07-27 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Inflation has begun to cool meaningfully, but unemployment remains historically low at 3.6 percent and hiring has been robust. Consumers continue to spend at a solid pace and are helping to boost overall growth, based on strong gross domestic product data released on Thursday. Mr. Powell said that while he was not yet ready to use the term “optimism,” he saw a possible pathway to a relatively painless slowdown. Those rate moves are trickling through the economy, making it more expensive to buy cars and houses on borrowed money and making it pricier for businesses to take out loans. “The prevailing consensus right before things went downhill in 2007, 2000 and 1990 was for a soft landing,” said Gennadiy Goldberg, a rates strategist at TD Securities.

Persons: Jerome H, Powell, ”, Gennadiy Goldberg Organizations: TD Securities, “ Locations: Washington

☆ Fed raises interest rates, leaves door open to another increase - Reuters News
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +9 min

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. The Fed raised (the Fed funds target rate) by a quarter point and the vote was unanimous, and the move puts rates at a 22-year high." "We think recent data is consistent with the US policy rate peaking in July, as core CPI inflation slowed sharply in June. "Fed Chair Powell is going to suggest that for the time being that they need to assess more information for inflation. "Markets are for the most part becoming more confident the Fed won't have to raise rates in September.

Persons: GENNADIY GOLDBERG, J Powell, they've, They're, Powell, we've, ELLEN HAZEN, ” MICHAEL BROWN, JACK ABLIN, BRIAN JACOBSEN, MENOMONEE, ” PETER CARDILLO, Jackson, GURPREET GILL, GOLDMAN, QUINCY KROSBY, ” EDWARD MOYA, We'll, we'll Organizations: YORK, Federal Reserve, U.S, Treasury, Fed, Dow, Global Finance, Markets, Thomson Locations: U.S, WELLESLEY , MASSACHUSETTS, PALM BEACH , FLORIDA, WISCONSIN, GOLDMAN SACHS, CHARLOTTE, NORTH CAROLINA

New York is doing better than San Francisco — Manhattan has a vacancy rate of 13.5 percent — but it can no longer count on the technology industry for growth. More than one-third of the roughly 22 million square feet of office space available for sublet in Manhattan comes from technology, advertising and media companies, according to Newmark. The company has opted not to renew leases covering 250,000 square feet in Hudson Yards and for 200,000 square feet on Park Avenue South. Twitter, Microsoft and other technology companies are also trying to sublease unwanted space. The large amount of space available for sublet is also driving down the rents that landlords are able to get on new leases.

Persons: Newmark, ”, Ruth Colp, Haber, Colp Organizations: sublet, New, New York State, Spotify, Trade Center, Twitter, Microsoft, Wharton Property Advisors Locations: York, Francisco —, Manhattan, New York, Hudson Yards

☆ Saudi soccer dominance could still take 'decades' despite reported $332 million Mbappé bid
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Aurelien Meunier - PSG/PSG via Getty ImagesSaudi Arabian soccer club Al-Hilal reportedly tabled a world record 300 million euro ($331.9 million) bid for Paris Saint-Germain star Kylian Mbappé, a further signal of the kingdom's efforts to shake up the sport's global order. Al-Ahli snapped up Chelsea goalkeeper Edouard Mendy and former Liverpool striker Roberto Firmino, and have just agreed a £30 million ($38.54 million) deal to bring in forward Riyad Mahrez from reigning English Premier League and European champions Manchester City. A medium-term threat Soccer isn't the first sport to be rocked by a sudden wave of Saudi investment. This is more like a couple of decades before I think we could see some significant impact." Cristiano Ronaldo stands prior to the Saudi Pro League week 28 soccer match between Al-Nassr and Al-Shabab at Alawwal Park Stadium in Riyadh, Saudi Arabia on May 23, 2023.

Persons: Kylian, Paris Saint, Germain, Le, Aurelien Meunier, Hilal, Mbappé, Nassr, Cristiano Ronaldo, Marcelo Brozovic, Alex Telles, Ronaldo, Ballon, Karim Benzema, N'Golo Kante, Edouard Mendy, Roberto Firmino, Mahrez, Anmar Al, Khalid Alhaj, Al, Ruben Neves, Kalidou Koulibaly, Sergej Milinkovic, Savic, LIV, Michael Goldberg, DBRS Morningstar, Goldberg, Jude Bellingham, Mohammed Saad Organizations: Paris Saint, Campus PSG, PSG, Getty Images, Al, French, country's Public Investment Fund, Real, English Premier League, Newcastle United, Saudi, — Al, Saudi Pro League, Inter Milan, Manchester United, Real Madrid, Chelsea, Liverpool, Manchester City, King Abdullah Sports City, Premier League's Wolverhampton Wanderers, Senegalese, Lazio, UEFA, Champions League, England's Premier League, Liga, Germany's Bundesliga, Italian Serie, isn't, DBRS, CNBC, Bayern Munich, Juventus, Borussia Dortmund, Alawwal, Anadolu Agency, Getty Locations: POISSY, France, Paris, Le Havre, Getty Images Saudi Arabian, Qatar, Real Madrid, Spanish, Saudi, Ittihad, Al, Hilal, Ahli, JEDDAH, Saudi Arabia, Europe, Italian, Barcelona, Liverpool, Shabab, Riyadh

☆ Explosive Variety report on behind-the-scenes CNN drama ignites fierce backlash from top industry figures
▼ + stars: | 2023-07-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

CNN —Variety is facing a blistering wave of backlash. “Siegel was informed by The Atlantic that the charges were completely false, but she nevertheless decided to smear Alberta. Jon Kelly, editor in chief of Puck, similarly defended his reporter, who was portrayed in the piece as a Zucker shill. Reached for comment, a Variety spokesperson notably offered a defense of the piece that contained far less fervor. The spokesperson simply said, “Variety stands by our investigative story about CNN written by one of the best journalists in the business.”

Persons: Tatiana Siegel, Jeff Zucker, Zucker, —, Risa Heller, Heller, ” Heller, Chris Licht, Tim Alberta, Dylan Byers, Puck, ” Jeffrey Goldberg, “ Siegel, Siegel, ” Goldberg, Licht, “, Jon Kelly, “ Dylan Byers, ” Kelly, ” Organizations: CNN, Variety, Hollywood, Warner Bros, The, The Atlantic, Alberta Locations: Alberta, Alberta’s

In a recent interview with CNBC's David Faber, Disney CEO Bob Iger said the linear TV business has degraded over the past year more than he expected. "If anything, the disruption of that business has happened to a greater extent than even I was aware," he said. Shortly after that, CNBC media reporter Alex Sherman reported that the MLB, NFL and NBA were in discussions with ESPN and Disney to take minority stakes. The NBA said it is always interested in discussions about "the future of its partnership" with ESPN. One of the key executives in those discussions, ESPN chairman James Pitaro, is up first at Game Plan and all eyes and ears will be on his comments about the future of the sports network.

Persons: Plan's, CNBC's David Faber, Bob Iger, Iger, Faber, I'm, Alex Sherman, James Pitaro, — Eric Rosenbaum Organizations: Disney, ESPN, CNBC, MLB, NFL, NBA, Warner Bros, Discovery

☆ Opinion | The Hunger Fed by ‘Barbie’ and Taylor Swift
▼ + stars: | 2023-07-24 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

“What happens in the crowd is messy, wild, benevolent and beautiful,” Amanda Petrusich wrote in The New Yorker about a Swift concert. It’s too contradictory!”The important part of this monologue — spoilers ahead — is not only what it articulates, but what it accomplishes. “By giving voice to the cognitive dissonance required to be a woman under the patriarchy you robbed it of its power!” exclaims the film’s heroine, Stereotypical Barbie, played by Margot Robbie. And, ultimately, as difficult as being an adult woman is, Robbie’s Barbie chooses it over remaining in the sexless girlhood idyll of Barbieland, as we learn in the film’s perfect last line. Given the evident hunger out there for entertainment that channels female angst, it would make sense for Hollywood, once the writers’ and actors’ strikes are over, to do more to cultivate female writers and directors.

Persons: Amanda Petrusich, Barbie, Guardian she’d, “ I’ve, America, Gloria, “, Barbies, ”, Margot Robbie, Robbie’s Barbie, ’, “ Barbie, Swift, Greta Gerwig, “ Barbie ” Organizations: Yorker, Guardian, Hollywood, Center, Women, ” Searchlight Pictures

☆ Rethinking the Circus
▼ + stars: | 2023-07-23 | by ( German Lopez | More About German Lopez | ) www.nytimes.com time to read: +1 min

The idea of Cirque du Soleil might invite images of extravagant live shows with clowns, acrobats and fire breathers. Cirque du Soleil came out of the pandemic in rough shape. “Cirque is a funny example of an attempt at cultural reinvention because I don’t even think of circuses as trying to be relevant,” Emma told me. “They were asking the question, ‘Why isn’t Gen Z interested in the circus?’ That almost feels rhetorical. Because they were talking about the circus instead of, say, banking, people dropped phrases like, “I think there’s a real opportunity to elevate the art of clowning” and “Don’t focus on the Cirque, focus on the Soleil.”

Persons: Soleil, Emma Goldberg, ” Emma, “, Gen Z, ”

☆ Brexit, the Disaster No One Wants to Talk About - The New York Times
▼ + stars: | 2023-07-21 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +3 min

Seven years ago, Brexit was an early augur of the revolt against cosmopolitanism that swept Donald Trump into power. But while America can’t stop talking about Trump, many in the U.K. can scarcely stand to think about Brexit. “It’s so toxic,” Tobias Ellwood, a Tory lawmaker who has called on his colleagues to admit that Brexit was a mistake, told me. “Those voters do not want to have a conversation about Brexit,” said Joshua Simons, the director of Labour Together, a think tank close to Labour leadership. He cites a point that a mentor of his, the political philosopher Danielle Allen, made after the 2016 vote.

Persons: I’ve, Brexit, Donald Trump, Trump, —, “, Tobias Ellwood, ”, Sadiq Khan, “ I’m, Joshua Simons, Simons, there’s, Danielle Allen, ” Simons Organizations: Tory, London, Labour Party, Labour, European Union Locations: U.S, U.K, Midlands, Northern England

The U.S. Treasury started rebuilding its account through T-bills after the government's debt ceiling was suspended last month. Since early June, the Treasury General Account at the Fed has increased by about $460 billion. "The risk of reserve scarcity in the near-term has receded as more cash has left the RRP facility," said Gennadiy Goldberg, Head of US Rates Strategy at TD Securities USA. "However, money market funds shifted their allocation out of the RRP facility into outright purchases of T-bills and private repo markets," they said. Reporting by Davide Barbuscia; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Gennadiy Goldberg, Davide Barbuscia, Dan Burns, Andrea Ricci Organizations: YORK, Treasury, U.S . Treasury, Fed, Federal, Securities USA, Citi, repo, ON, Thomson Locations: U.S

☆ Is Gen Z Down to Clown? The Circus Is Counting on It.
▼ + stars: | 2023-07-21 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com time to read: +1 min

The circus has to make money to keep its clowns clowning. Coming out of the pandemic, Cirque du Soleil was in trouble. After filing for bankruptcy protection in 2020, Cirque decided it had to be more than just a circus. It wanted to be a brand, something that could sell perfumes, sunglasses, tote bags and video games. So over the past year the circus brought in consultants, which yielded months of meetings peppered with phrases like these.

Persons: Seuss, —, Cirque, ” Organizations: downer

☆ The Lower East Side Fabric Store That Helped Outfit ‘Bridgerton’
▼ + stars: | 2023-07-21 | by ( Reggie Nadelson | ) www.nytimes.com time to read: +1 min

Later that afternoon, Tsigie White, the costume designer for the TV series “Power Book III: Raising Kanan,” stops in. “I’ll find something to do with it for the show,” she says while Goldberg measures a yard of it for her. Goldberg’s customers are based all over the country, as well as abroad; some of them ask to browse the fabrics over Zoom or FaceTime. “I want everyone to buy on the internet with the same confidence as if they walked in the store. Let’s say you’re in Texas and you order something online.

Persons: Tsigie White, ”, “, Goldberg, “ I’ve, ” Goldberg, —, ’ ” Locations: She’s, Texas

☆ How the Middle East is preparing for the post-oil, EV era of transportation
▼ + stars: | 2023-07-20 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +3 min

U.S. electric vehicle maker Lucid Group will set up its first overseas factory in Saudi Arabia, the company announced. The Middle East, a region long known for its oil and gas riches, is investing in a new, more sustainable future potentially dominated by electric vehicles. The electric vehicle sector is booming in Israel, with electric vehicle deliveries in the first half of this year over 210% higher than the same period last year. "There's a growing recognition that countries need to do something on climate," said Tammy Klein, chairperson of the Electric Vehicle Council. "I think Middle Eastern countries are no different."

Persons: Larry Fink, Amin Nasser's, Tammy Klein, Klein, Robert Falck, we'll, " Falck Organizations: BlackRock, Saudi, Lucid, Gauss Auto, Marson Group, Electric Vehicle Council, EV, Einride, UAE Ministry of Energy, Infrastructure Locations: Saudi Arabia, Saudi Aramco, Israel, Bahrain, American, U.S, Europe, UAE, Sweden, It's, Abu Dhabi, Dubai, Sharjah

☆ ‘Training My Replacement’: Inside a Call Center Worker’s Battle With A.I.
▼ + stars: | 2023-07-19 | by ( Emma Goldberg | More About Emma Goldberg | ) www.nytimes.com time to read: +1 min

Her favorite radio show was discussing artificial intelligence, specifically an A.I.-generated sample of Biggie. “Sonically, it sounds cool,” Charlamagne tha God said. “But it lacks soul.”WeezyWTF replied: “I’ve had people ask me like, ‘Oh, would you replace people that work for you with A.I. ?’ I’m like, ‘No, dude.’”Ms. Sherrod nodded along emphatically, as she drove past low-slung brick homes and strip malls dotted with Waffle Houses. She played the radio exchange about A.I.

Persons: ”, Mandii, Biggie, ” WeezyWTF, “ I’ve, ” Ms, Sherrod nodded, Ms Locations: Mississippi, Ocean Springs, Miss

☆ Esopus, N.Y.: ‘Pristine Natural Surroundings’ and Stealth Wealth
▼ + stars: | 2023-07-19 | by ( Karen Angel | ) www.nytimes.com time to read: +1 min

Esopus, West Park and Ulster Park are known for expensive homes, including turn-of-the-century mansions, on parklike grounds overlooking the Hudson, along with several monasteries and other religious institutions that have helped shield the river’s west bank from development. There are antique stone houses along the Rondout Creek in the hamlet of St. Remy, and along the Wallkill River in the hamlet of Rifton and Black Creek in Esopus. The town’s other small hamlets are Connelly, which borders the Rondout Creek, and Sleightsburgh, whose peninsula-shaped park juts out into the Hudson. (Three additional hamlets are listed on the town’s website, but according to the town’s supervisor, Danielle Freer, they are now obsolete.) The West Park venue occupies a 24,000-square-foot antique Italian-style villa and an adjoining brick building that had housed a Christian Brothers monastery for a century.

Persons: Jordan Goldberg, Oliver Hazard Payne, Port Ewen, Remy, Connelly, Danielle Freer, Charles Ferri, Paul Seres Organizations: Hudson, Distillery Locations: Esopus, West Park, Ulster, Hudson, New York City, St, Wallkill, Rifton

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