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CNN —An independent report into the culture of cricket in England and Wales has found racism, class-based discrimination, elitism and sexism to be “widespread” and “deep rooted” in the sport. The “Holding a Mirror Up to Cricket” report was written by the Independent Commission for Equity in Cricket (ICEC) and received more than 4,400 responses to its call for evidence between oral and written submissions. … The decline in Black cricket in England and Wales has been well documented and subject to much public debate for many years. Regarding sexism, the report said: “Women are still seen as an ‘add on’ to the men’s game. “The apology should acknowledge that racism, sexism, elitism and class-based discrimination have existed, and still exist, in the game, and recognise the impact on victims of discrimination.
Persons: George Floyd, , Cindy Butts, Azeem Rafiq, Butts, Rafiq, Ben Stokes, Joe Root, Heather Knight, , Richard Thompson Organizations: CNN, Cricket, Independent Commission, Equity, Wales Cricket Board, Culture, Media, Sport Committee, England men’s, ECB, , England Women, England Locations: England, Wales,
This is the last week of 10 Things on Wall Street. But there remains a very large blight on JPMorgan's record that has come back into the spotlight this year: Jeffrey Epstein. Insider's Kaja Whitehouse and Emmalyse Brownstein have a breakdown of JPMorgan's long, drawn-out breakup with Epstein. Read more on JPMorgan's handling of Jeffrey Epstein. The Treasury secretary isn't particularly worried about the potential for more bank mergers this year, per The Wall Street Journal.
Persons: Dan DeFrancesco, I've, I'm, we've, Goldman Sachs, Jeffrey Epstein, Rick Friedman, hasn't, Kaja Whitehouse, Emmalyse, Epstein, Kaja, Read, Janet Yellen, isn't, Moody's, Francis Bacon, We've, Jeffrey Cane, Jack Sommers Organizations: Getty, JPMorgan, Dow, Norges Bank Investment Management, CNBC, Goldman, Street, Financial Times, Sequoia Capital, FDIC, Bloomberg, Dassault Falcon, LinkedIn Locations: NYC, Cambridge, Republic, dealmaking ., New York, London
But certainly, we have all sorts of new questions that Putin is going to have to address in the weeks and months ahead," Blinken told NBC's "Meet the Press" program. Blinken described the turmoil as an "internal matter" for Putin. "It may be that Putin didn't want to debase himself to the level of negotiating directly with Prigozhin," Blinken said. "To the extent that the Russians are distracted and divided it may make their prosecution of aggression against Ukraine more difficult," Blinken told ABC. Senator Ben Cardin said the weekend turmoil in Russia does not ease Washington's need to continue aiding Ukraine as it launches its long-awaited counteroffensive against Russia.
Persons: Vladimir Putin, Wagner, Antony Blinken, Blinken, Putin, Yevgeny Prigozhin, NBC's, Prigozhin, Alexander Lukashenko, debase, Mikhail Klimentyev, Mike Turner, Turner, Philip Breedlove, Breedlove, Ben Cardin, Cardin, Don Bacon, he's, Bacon, David Morgan, Hannah Lang, Tyler Clifford, Scott Malone, Chizu Nomiyama, Mark Porter, Chris Reese Organizations: U.S . Congress, Russian, Press, REUTERS Forces, ABC, of, CBS, U.S . Air Force, . European Command, U.S, Democrat, Senate Foreign Relations, Fox News, Republican, House Armed Services Committee, NBC, Thomson Locations: U.S, Russia, Poland, Baltic, Ukraine, Russian, Kremlin, Russia's, Finland, Estonia, Latvia, Lithuania
CNN —The city of San Antonio has big expectations for Victor Wembanyama. 1 NBA draft pick emerged from a private plane on Friday, and the welcome party has lasted all weekend. “The last 72 hours have been really tiring but I’m really enjoying the moment,” the 7-foot-4 Frenchman told reporters on Saturday. He enjoyed dinner on Friday night with NBA champions and San Antonio Spurs legends Tim Duncan, David Robinson and Manu Ginobili. “It’s so comforting to see these people who are so important to the city of San Antonio and to the franchise are such kind people and generous.
Persons: Victor Wembanyama, , I’m, Frenchman, I’ve, , LeBron James, Tim Duncan, David Robinson, Manu Ginobili, ” Wembanyama, They’ve, It’s, ove, eason Organizations: CNN, NBA, San Antonio Spurs Locations: San Antonio
Blinken said tensions that sparked the action had been growing for months and added that the threat of internal turmoil could affect Moscow's military capabilities in Ukraine. Blinken described the turmoil as an "internal matter" for Putin. "It may be that Putin didn't want to debase himself to the level of negotiating directly with Prigozhin," Blinken said. "To the extent that the Russians are distracted and divided it may make their prosecution of aggression against Ukraine more difficult," Blinken told ABC. Senator Ben Cardin said the weekend turmoil in Russia does not ease Washington's need to continue aiding Ukraine as it launches its long-awaited counteroffensive against Russia.
Persons: Vladimir Putin, Wagner, Antony Blinken, Blinken, Putin, Yevgeny Prigozhin, NBC's, Prigozhin, Alexander Lukashenko, debase, Mike Turner, Turner, Ben Cardin, Cardin, Don Bacon, he's, Bacon, David Morgan, Hannah Lang, Tyler Clifford, Scott Malone, Chizu Nomiyama, Mark Porter Organizations: U.S . Congress, Russian, Press, Forces, ABC, of, CBS, Democrat, Senate Foreign Relations, Fox News, Republican, U.S . Air Force, House Armed Services Committee, NBC, Thomson Locations: U.S, Russia, Poland, Baltic, Ukraine, Russian, Russia's, Finland, Estonia, Latvia, Lithuania
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/ipo-francis-bacon-portrait-george-dyer-art-market-4a66000a
Persons: Dow Jones, george, dyer
It will allow retail investors to join the high-value art market, purchasing fractional ownership. The IPO is led by Artex, with shares only available on a specially made art stock exchange. Shares will be valued at around $100 each and will trade on a newly formed art stock exchange in Liechtenstein. By splitting a work's cost into more-affordable shares, retail investors can join the market without having to pay millions of dollars. While other companies have offered fractionalized ownership for artwork before, Artex is the first to take a piece public, allowing shares to be traded more easily.
Persons: Francis Bacon, Artex, , George Dyer Organizations: Street Journal, Service, Wall Street Locations: Liechtenstein
Uncanny disquiet governs the stories in this collection. In “Heads,” Jimi Hendrix, who has appeared elsewhere in Allen’s fiction, spends late nights with the painter Francis Bacon, the two talking about art-making and life while Jimi occasionally strums his guitar. In the collection’s title story, Allen sends the boxer Jack Johnson to Australia for a high-profile fight, where his celebrity and Blackness lead to singular experiences at racialized extremes of local life. On description alone, you might think this is merely weird and wise comedy, but I think Allen has more in common with Donald Glover than George Saunders. These are difficult, inventive stories that, at their best, occupy a range of frequencies and otherworldly places with — to borrow Allen’s brilliant three-word description of Jimi Hendrix’s way with music — a “fierce itching dazzle.”
Persons: disquiet, Allen, Allen —, ” Miles Davis loathes, Jimi Hendrix, Francis Bacon, Jimi, Jack Johnson, Muhammad Ali, Ali, Larry Holmes, Donald Glover, George Saunders, , Jimi Hendrix’s Organizations: Chicago, Champ Locations: Australia, “ Atlanta
Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Kevin Calvert Calif. 41st George Santos N.Y. 3rd Less conservative SENATE MORE conservative Roger Wicker Miss. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. Less conservative HOUSE MORE conservative Paul Gosar Ariz. 9th Less conservative SENATE MORE conservative Josh Hawley Mo. SEN. HOUSE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative Less conservative HOUSE MORE conservative Less conservative SENATE MORE conservative SEN. HOUSE MORE conservative According to an analysis by The New York Times, a small number of Republicans have made statements about the indictment that did not immediately dismiss the investigation.
Persons: Donald J, Biden, Trump, Brian Fitzpatrick Pa, Ken Buck Colo, Romney, Romney Utah SEN, Doug LaMalfa Calif, Mike Kelly Pa, Ted Budd N.C, Kevin Calvert Calif, George Santos N.Y, Roger Wicker Miss, SEN, Lauren Boebert Colo, Tom Emmer Minn, Ted Cruz Texas, Ted Cruz Texas SEN, HOUSE Lauren Boebert Colo, Byron Donalds, Eli Crane Ariz ., Ron Johnson Wis, HOUSE, HOUSE Byron Donalds, Paul Gosar Ariz, Josh Hawley Mo, , , Don Bacon of Nebraska, Hillary Clinton, Joe Biden, Kevin McCarthy, , Daniel Webster, Donald Trump, Steve Scalise, Diana Harshbarger, Mike Lee, Jack Smith, General Merrick Garland, Garland, Biden’s, Hunter, Trump’s Organizations: Senate, MORE, SEN, HOUSE Byron, The New York Times, , Justice Department, Biden’s Department of Justice, DOJ, Twitter, The, Department, White Locations: United States, Ken Buck Colo ., Romney Utah, Byron Donalds Fla, SEN, HOUSE Byron Donalds Fla, Florida, Tennessee, Venezuela, Bolivia, Nicaragua, America, Utah
New York CNN —US grocery prices ticked up in May after dipping in March and April. Overall, grocery prices were 5.8% more expensive in May than they were a year ago. Together, food prices jumped 6.7% throughout the year, once again outpacing overall annual inflation, which came in at 4%. After falling for a few months, grocery prices ticked up again in May. Egg prices are in historic declineEven though grocery prices ticked up overall from April to May, a number of individual items got cheaper — notably, eggs.
Persons: Richard B, Levine, Levine Roberts, Bacon Organizations: New, New York CNN, Bureau of Labor Statistics ’, ZUMA Locations: New York, America, Ukraine
Pig prices soared in Europe last year as output was cut by farms squeezed by high grain and energy costs. The EU pork industry has been buffeted in the past decade by a Russian trade embargo, the westward spread of African swine fever and the COVID-19 pandemic. "We're continuing to add costs to the overall pork production chain," Justin Sherrard, global strategist for animal protein at Rabobank, said. That may mean EU pork exports, whose share of production more than doubled to 21% between 2000 and 2020, have peaked. But an inflationary economy may make consumers less ready to accept rising pork prices and deepen a shift towards chicken as a cheaper, more convenient option.
Persons: Carole Joliff, Joliff, Jean, Paul Simier, AKI, We're, Justin Sherrard, slaughterhouses, Klaus Kaiser, FICT, Rabobank's Sherrard, jamon serrano, prosciutto, Tim Koch, Gus Trompiz, Forrest Crellin, Michael Hogan, Johannes Birkebaek, Emma Pinedo, Toby Sterling, David Evans Organizations: European Union, Commission, Rabobank, BLE, Danish Crown, AMI, Thomson Locations: PARIS, Brittany, Europe, Russian, Hungarian, China, Japan, Denmark, Netherlands, Danish, France, Brazil, United States, Germany, EU, Paris, Hamburg, Copenhagen, Madrid, Amsterdam
[1/2] U.S. House Speaker Kevin McCarthy (R-CA) speaks to reporters on Capitol Hill in Washington, U.S., June 8, 2023. The House is scheduled this week to consider Republican messaging bills that were delayed by the standoff. McCarthy can afford to lose no more than four Republican votes on any measure that faces uniform opposition from Democrats. Norman and other conservatives want 12 appropriations bills that Congress will try to pass in coming months to contain deeper spending cuts included in a Republican debt ceiling bill that passed the House in April. But moderate Republicans warned that hardball tactics could backfire on conservatives if party infighting forces Republican leaders to rely on Democratic votes to move critical legislation.
Persons: Kevin McCarthy, Amanda Andrade, Rhoades, Ralph Norman, McCarthy, We'll, Tom Emmer, Joe Biden, Norman, Don Bacon, David Morgan, Mary Milliken, Paul Simao Organizations: ., Capitol, REUTERS, U.S . House, Freedom Caucus, Reuters, Republicans, Republican, Democrats, Democratic, Thomson Locations: Washington , U.S, WASHINGTON, Washington
This week, CNN CEO Chris Licht was fired after a scathing profile was published in the Atlantic. In the profile, Licht details his own thoughts about how diversity should be defined in the media industry. In Alberta's profile, Licht claimed to be operating under his own idea of "diversity," one that does not include "virtue signaling." "I think 'Defund the police' would've been covered differently if newsrooms were filled with people who had lived in public housing," Licht continued. The diversity Licht did seem to value was geographic diversity, which can be a coded way of saying "not from the liberal coasts."
Persons: Chris Licht, Licht, MAGA, Stephen Gutowski, Trump, Tim Alberta, Jean Carroll, Kevin McCarthy, Rick Scott, Jim Acosta's, Brian Stelter's, Warner, David Zaslav, Franklin Leonard, Washington Post's Perry Bacon Jr, John Miller, Miller, Lehman, Tara Narula, Don Lemon, Reagan, Lisa Ling, Kamau Bell, New York Mondaire Jones, Jones, Kaitlin Collins, Lemon, Poppy Harlow, Collins, Laura Coates Organizations: CNN, NRA, Atlantic, Warner Bros, Discovery, Republicans, Harvard, Insider, NYPD, Stanford, Catholic, LSU, Republican, White House, Daily, White Locations: Alberta, Washington, New York City, Baton Rouge , Louisiana, Birmingham , Alabama, Mobile , Alabama, New York, Alabama, Asia
Popeyes is expanding its menu to add a Blackened Chicken Sandwich and bacon and cheese toppings for its chicken sandwiches. Popeyes Louisiana Kitchen is permanently adding a Blackened Chicken Sandwich to its menu Tuesday, marking the first addition to its chicken sandwich line since it kicked off the craze four years ago. The new menu item features a chicken breast that's been marinated for 12 hours and seasoned with Cajun spices, but it lacks the breading of the chain's existing chicken sandwich. Popeyes President Sami Siddiqui said in a statement that the Blackened Chicken Sandwich gives diners "a lighter option that is perfect for everyday." The chicken sandwich returned permanently several months later, driving double-digit same-store sales growth for Popeyes for multiple quarters.
Persons: Sami Siddiqui, Popeyes Organizations: Brands, Wings, Restaurant Brands, Burger Locations: Louisiana
Egg prices seem to be on track to dropping to normal levels across the US. Earlier this year, prices reached record highs of nearly $5 a dozen in some places. The US Department of Agriculture recently reported that wholesale egg prices have fallen to an average price anywhere from $1 to $1.40 across various regions of the country. Several grocery store executives also recently told the Wall Street Journal that egg prices should largely be under $2 per dozen across the US. Prices finally started to fall in recent months for eggs and other grocery staples like bacon, Insider previously reported.
Persons: , Insider's Hannah Getahun Organizations: Service, US Department of Agriculture, Wall Street, Bureau of Labor Statistics, USDA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. debt ceiling setback: We really need to crack on and get this done quickly, says CitiRoger Bacon of Citi Global Wealth Investments says "the market is already a little bit schizophrenic because of what's going on with rates … so having this additional complication on top is [something that] we could do without."
Averting a Debt Limit Crisis
  + stars: | 2023-05-19 | by ( German Lopez | ) www.nytimes.com   time to read: +2 min
As the debt limit deadline drew closer, and as Democrats started to negotiate, Republicans softened their stance. Moderate Republicans have said they are willing to compromise. But their votes would not be needed to pass a bill if moderate Republicans joined with Democrats. Republicans further to the right say that a deal needs to include work requirements for all three programs. More liberal Democrats say that they will oppose any new work requirements.
A U.S.-based hedge fund is predicting a hard landing scenario for stock markets despite a steady decline in inflation, with the S & P 500 falling into a bear market. "Livermore views the path forward as the most likely scenario for markets is a hard landing," Neuhauser said in notes to CNBC. The hedge fund manager added that despite this "soft landing" in inflation, "ultimately it's going to lead to a much harder landing with stocks as inflation remains sticky for some time to come." The hedge fund manager identified three global stocks that he believes will perform well if this scenario comes to fruition. Livermore, the hedge fund founded by Neuhauser in 2009, owns shares in Amaroq, along with billionaire investor Louis Bacon.
The White House has not ruled out the annual spending caps that Republicans say must accompany any increase in the nation's $31.4 trillion debt limit. Republicans, who control the House, have said they will not vote to raise the debt ceiling unless Democrats agree to sharp spending cuts. BUDGET TALKSBiden has insisted that Congress must increase the country's borrowing capacity without conditions, but the White House says it is also willing to discuss budget matters with House Republicans. House Republicans passed legislation in April that pairs a $1.5 trillion debt-ceiling hike with $4.8 trillion in spending cuts, largely achieved by cutting annual discretionary spending by 8% next year and capping growth in the years to come. The White House and Republicans may agree to ease permitting requirements for pipelines and other energy infrastructure - though that would require time to draft into legislation, said Brian Riedl, a fellow at the conservative Manhattan Institute.
The White House has not ruled out the annual spending caps that Republicans say must accompany any increase in the nation's $31.4 trillion debt limit. Republicans, who control the House, for their part, are not insisting on other conditions that the White House has deemed off limits, such as a repeal of the green-energy incentives in Biden's Inflation Reduction Act of 2022. Biden told reporters on Sunday that he thought both sides wanted to reach a deal. "I still think we're far apart," McCarthy told reporters. BUDGET TALKSBiden has insisted that Congress must increase the country's borrowing capacity without conditions, but the White House says it is also willing to discuss budget matters with House Republicans.
Biden told reporters on Sunday that he thought both sides wanted to reach a deal. Staff from the two camps met through the weekend for talks that White House officials described as constructive. Republicans say there is plenty of time. Biden has insisted that Congress must increase the country's borrowing capacity without conditions, but the White House says it is also willing to discuss budget matters with Republicans who control the House of Representatives. The longer the two sides take to reach a deal, the smaller it is likely to be, he said.
Silky Scrambled Eggs With a Carbonara Complex
  + stars: | 2023-05-14 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
My mom sure didn’t. For my kids’ mom, then, or your mom, or some other mom today: biscuits with butter and jam, French toast amandine with maple syrup and plenty of bacon, maybe these silky scrambled eggs with pancetta, pepper and pecorino (above). The heat of the pizza warms the yolk through — and there’s white and yolk in every bite. Make a big breakfast in any event, and then wind down into a celery Victor salad for dinner. That’s a very good day.
Those menu prices went up by 0.6%. Shoppers started seeing relief in the grocery store in March, when grocery prices fell for the first time since September 2020. In the year through April, food prices went up by 7.7%, with grocery prices jumping 7.1% and menu prices increasing 8.6%. Ham got 6.5% more expensive, poultry prices rose 5%, and fish and seafood rose 2%. Prices in AprilEven though prices food prices overall have been high this year, April was an easier month for shoppers.
Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground. I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction. It's a mixed bag, with some areas trending toward a double-digit percentage increase over 2022, while others are heading the opposite way. If that isn't a certainty, you can bet people, especially those earlier in their career, will look for greener pastures. Six of the largest European and US oil companies have a combined nearly $160 billion in cash and cash equivalents on their balance sheets, The Wall Street Journal reports.
He would not win the White House. The unanimous jury verdict was vindication for Carroll and offered a symbolic win for other women who have made assault allegations against the president. Many White House hopefuls have exited presidential races for less. Nikki Haley or prospective White House contender, Florida Gov. House Speaker Kevin McCarthy characteristically dodged commenting on the verdict after leaving debt crisis talks at the White House on Tuesday.
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