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☆ Regulators tighten screw on investment fund redemptions
▼ + stars: | 2023-07-05 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

Central banks had to inject liquidity into markets in March 2020 during COVID-19 lockdowns as money market funds struggled in the face of a "dash for cash" to meet promises of daily redemptions. Property funds aimed at retail investors have also been offering daily redemptions and some have faced multiple suspensions in recent years due to market turbulence. For funds that invest over 50% in liquid assets, daily dealing would remain appropriate. Funds that invest mainly in less liquid assets could still offer daily redemptions if they can show regulators an ability to use specified "anti-dilution" liquidity management tools (LMTs), or else they must tighten redemption terms, the FSB said. LMTs include being able to deduct a fee from redemptions to end "first-mover advantage", or investors who rush for the exits leaving those remaining worse off.

Persons: IOSCO, Martin Moloney, Huw Jones, David Holmes, Christina Fincher Organizations: Industry, IMF, ICI, Thomson Locations: COVID, redemptions

☆ Summer cooking hack: Ways to grill with campfires or firepits
▼ + stars: | 2023-07-03 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Start with a few key itemsAs with an indoor kitchen, you’ll need a few crucial tools to make your outdoor cooking expeditions a success. Metal cutlery are staples of outdoor cooking. Simple to prepare in advance, foil packets are among the easiest meals for a campfire cooking newbie to whip up. For skillet cooking, you can experiment with some of your usual one-pan meals transferred to the outdoors. One note: High-sided stainless steel firepits, such as Solo Stoves, aren’t the best option for cooking in coals.

Persons: they’re, I’ve, Helmut Feil, •, ”, Dani Meyer, you’re, Harlan Schwartz, ” Meyer, Meyer, Casey Barber Organizations: CNN

☆ 2024 Dodge Hornet R/T: An Italian Stallion, Made for America
▼ + stars: | 2023-06-30 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

SPORTY STANCE The 2024 Dodge Hornet R/T is a sport-tuned plug-in hybrid, with up to 288 hp and 383 lb-ft of gas-electric output, packaged with performance upgrades such as Brembo brakes, Koni dampers and the PowerShot boost feature, helping the compact crossover from 0 to 60 mph in 5.6-seconds. Photo: DodgeOUR GUEST has come a long way to be with us. Born near sunny Napoli, in the Kingdom of Stellantis , it travels under the name of the Dodge Hornet R/T but was born an Alfa Romeo Tonale, which rhymes with giornale. Dodge needed a compact crossover in its North American showrooms; and the historically dubious “Hornet” nameplate was available. The last Hornet model in series-production (1970-1977) was built by American Motors Corporation.

Persons: Romeo Tonale, Dodge Organizations: Dodge Hornet, Dodge, American Motors Corporation Locations: Napoli, Kingdom of Stellantis

☆ Shop REI’s Fourth of July Sale for Big Summer Savings
▼ + stars: | 2023-06-28 | by ( ) www.wsj.com time to read: +5 min

By Buy Side from WSJ StaffQuality gear can make every outdoor activity more enjoyable—and now is your opportunity to pick up that gear while it’s on sale during REI Co-op’s Fourth of July sale. The jacket is great as a single layer for warmer weather rain showers or as a top layer over a fleece in colder weather. Backpacking tentREI members can get the REI Co-op Half Dome SL 2+ Tent for more than $130 off during this sale. Classic lawn chairThis lawn chair may give you happy flashbacks to backyard gatherings and for REI members, it’s 30% off. Lightweight sleeping bagsBoth these sleeping bags are 40% for REI members and feature water-repellent 600-fill-power duck down insulation and recycled nylon shells.

Persons: REI, you’re, Gucci, Birkenstock, ”, Helly Hansen, HH Max, Blue Organizations: Staff, REI, Independence, North Face, HH, Navy Locations: Norway

Houston: $2.1 millionAverage net worth it takes to be "wealthy": $2.1 millionAverage net worth it takes to be "financially comfortable": $606,000How many people feel wealthy: 39%10. Atlanta $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $729,000How many people feel wealthy: 43%9. Chicago: $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $817,000How many people feel wealthy: 38%8. Dallas: $2.3 millionAverage net worth it takes to be "wealthy": $2.3 millionAverage net worth it takes to be "financially comfortable": $820,000How many people feel wealthy: 40%7. Seattle: $3.1 millionAverage net worth it takes to be "wealthy": $3.1 millionAverage net worth it takes to be "financially comfortable": $1 millionHow many people feel wealthy: 41%2.

Persons: Charles Schwab, — Organizations: Charles Schwab Modern Wealth Survey, Service, Atlanta, Dallas Locations: Seattle, New York, Houston, Chicago, Denver, Boston, Washington, San Francisco

☆ A Séance With Ryuichi Sakamoto at the Shed
▼ + stars: | 2023-06-25 | by ( Max Lakin | ) www.nytimes.com time to read: +1 min

“Kagami,” the new “mixed reality” concert of Ryuichi Sakamoto’s music by the production company Tin Drum is meant to be a profound experience, a groundbreaking achievement in virtual reality that expands the visual limits of recorded performance. In some ways that’s unavoidable; Sakamoto, one of Japan’s most internationally recognized artists, died in March, so any presentation of his music so soon is hard pressed to avoid a funereal pallor. Scenes from the 2017 documentary “Ryuichi Sakamoto: Coda” play on mute on the far wall — Sakamoto collecting rainwater in a bucket; sampling the sound of an ice floe in the Arctic Circle — which, out of context, seem more oblique than they really are. The actual performance takes place beyond a curtain in an empty black box theater, which, materially speaking, stays that way. You sit in the round, staring at a glowing, virtual red cube in the center of the room, which suggests a séance administered by an AV club.

Persons: “ Kagami, Ryuichi, Sakamoto, Griffin, Ryuichi Sakamoto

☆ Japan sees 1.9 million visitors in May, down from cherry blossom rush
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

TOKYO, June 21 (Reuters) - Japan saw a slight decline in visitors in May from the previous month, when a rush of tourists came to see the nation's famous cherry blossoms without COVID-19 restrictions, official data showed on Wednesday. The number of foreign visitors for business and leisure came in just below 1.9 million last month from a post-pandemic high of 1.95 million in April, the Japan National Tourism Organisation (JNTO) said. Meanwhile, the yen has weakened sharply against other major currencies, making trips to Japan the cheapest in many years. "Japan has been viewed for a long time as a bucket list country by North American leisure travellers," she said. "Now that Japan has reopened to tourists and the current exchange rate makes leisure trips less expensive, we think this trend will continue to grow."

Persons: Jefferies, Mitsuko Miyasako, Kiyo Weiss, Rocky Swift, Varun, Gerry Doyle Organizations: Japan National Tourism Organisation, Consumer, J.Front, Air, Thomson Locations: TOKYO, Japan, China, Tourism, Osaka, Kyoto, Asia, Pacific, American

☆ 4 professionals share how business travelers can have an authentic cultural experience during a conference trip
▼ + stars: | 2023-06-20 | by ( Mariette Williams | ) www.businessinsider.com time to read: +6 min

Four experts told Insider how professionals can balance work and leisure activities during a conference trip. "While attending a women's leadership conference on the west coast, a colleague and I made a beeline to the beach to enjoy a seaside cocktail, and I also scheduled a spa visit in between conference activities in Dubai." "I recently attended a conference in Boston and was enthralled with the old-world beauty of the place," Sharp told Insider. "When I have limited time, I make every effort to carve out time to try great restaurants," said Dr. Sekou. Take advantage of conference perks or connectionsDepending on the type of conference you're attending, you can tap into the conference resources.

Persons: —, Sara Sharp, Hunter Garnett, Sheree Sekou, Sharp, Paul Revere's, Bryan Clayton, Sekou, Garnett Organizations: Service, SK, S, Church, House Locations: Huntsville , Alabama, Dubai, Boston, Massachusetts, Colorado Springs

☆ In the Age of Trump, It’s Hard to Be Humble - The New York Times
▼ + stars: | 2023-06-17 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +15 min

OK, now wait, listen, when I hear the words “housing policy,” I tend to sort of doze off. And I’m talking, like, the most regressive, meaning, Texas, which is the conservative bastion of anti-taxes, is more progressive than Washington State, liberal Washington State. So over here in Illinois, which is the quintessential liberal state, there’s this one county that contains the city of Chicago. Blue states are the places where tens of thousands of homeless people are living on the streets. Blue states are the places where economic inequality is increasing most quickly in this country.

Persons: I’ve, they’ll, there’s, Binya Appelbaum, He’s, There’s, it’s, ” “, Binya, ”, “, they’re, Don’t, — you’ve, Let’s, Bill Gates, Jeff Bezos, It’s, you’re, don’t, We’re Organizations: Republican, Times, Democratic Party, Republican Party, House Democrats, City Council, Palo Alto, Washington State, Democratic, Republicans Locations: U.S, America, California, San Diego County, Palo Alto, Calif, San Francisco, Palo, Washington State, Texas, Washington, Nevada, Illinois, Chicago, Cook County, Connecticut

☆ Consent Decrees Force Changes to Policing. But Do Reforms Last?
▼ + stars: | 2023-06-17 | by ( Shaila Dewan | ) www.nytimes.com time to read: +2 min

“It’s kind of like the old saying, when everything’s a priority, nothing’s a priority,” said Jason Johnson, who was a deputy police chief in Baltimore overseeing compliance with the city’s consent decree. Even so, believers point out that consent decrees may be far cheaper than unconstitutional policing. “What we’re talking about is broad institutional reform,” said David Douglass, the deputy monitor of the New Orleans consent decree and founder of a nonprofit group called Effective Law Enforcement for All, which helps communities develop voluntary reforms. In Baltimore, Michael Harrison, who was brought in as commissioner because of his success in implementing New Orleans’s police overhaul, just resigned, but the consent decree remains. Experience running a department with a consent decree has become a plum line on a chief’s résumé.

Persons: ”, Jason Johnson, Mr, Johnson, Floyd, David Douglass, Michael Harrison, Brian O’Hara Organizations: Justice Department Locations: Baltimore, Louisville, Minneapolis, Orleans, New, Newark

☆ Nasim Alikhani Brings the Flavors of Iran to America
▼ + stars: | 2023-06-16 | by ( Emily Bobrow | ) www.wsj.com time to read: 1 min

Nasim Alikhani says she was a 23-year-old “twig of a girl” when she left her war-torn home in Iran, arriving alone in New Jersey in 1983. Poor and disoriented, she commuted to Queens College to study English and threw herself into the cheap comforts of American fast food. “There was a McDonald’s and a Dunkin’ Donuts right next to the college, and you could pay a dollar for this massive bucket of fries,” she recalls. Yet she soon found her new diet unsustainable: “I gained about 20 pounds in a month.”

Persons: Nasim Alikhani, ” Organizations: Queens College Locations: Iran, New Jersey

☆ UPS workers vote to authorize strike while cheering unexpected progress on heat safety
▼ + stars: | 2023-06-16 | by ( Adiel Kaplan | J.J. Mccorvey | ) www.cnbc.com time to read: +7 min

UPS acknowledged the vote outcome and noted that Friday's strike authorization doesn't automatically trigger a work stoppage. While many union members at UPS cast their votes on the strike authorization before the heat safety deal was announced, some drivers said afterward that other big priorities remain. Heat safety experts praised the preliminary agreement on air conditioning but cautioned that addressing the threat of extreme temperatures would take time. Seth Harris, a law and policy professor at Northeastern University who served as President Joe Biden's top labor policy adviser, said progress on heat safety at UPS could have broader ripple effects. Already, though, the concessions have jolted UPS workers and their allies with a dose of optimism.

Persons: Sean O'Brien, Zakk Luttrell, We've, it's, Luttrell, Amit Mehrotra, Mehrotra, Juley Fulcher, Fulcher, —, Seth Harris, Joe Biden's, Theresa Klenk, Klenk, — Annie Probert Organizations: Teamsters, UPS, NBC, Occupational Safety, Health Administration, Deutsche Bank, Logistics, FedEx, U.S . Postal, Public Citizen, Northeastern University, New, New Jersey UPS Locations: New Jersey

☆ Huwara: The settler attack on this West Bank town was called a 'pogrom' by Israel's military. Videos show soldiers did little to stop it
▼ + stars: | 2023-06-15 | by ( Gianluca Mezzofiore Celine Alkhaldi Abeer Salman Nima Elbagir | Gianluca Mezzofiore | Celine Alkhaldi | ) edition.cnn.com time to read: +22 min

Smoke rises over Huwara after Israeli settlers rampaged through the town, setting fire to homes, businesses and cars. Videos chronolocated at 8:25 p.m. show fire trucks and ambulances being stopped by Israeli soldiers at the roundabout leading to Huwara’s main street. Soon after, they returned with a group of Israeli soldiers in tow, Abdalmenem said. Israeli soldiers are now on permanent patrol of the town, periodically closing roads and forcing shops to shutter, according to residents, who said it is impacting their livelihoods. A man inspects the damage to a restaurant following a reported attack by Israeli settlers in Huwara on March 28.

Persons: ”, Herzi Halevi, “, Bezalel Smotrich, Nawal Dumeidi, Eyal Warshavsky, Hillel Menachem Yaniv, Ya’acov, Hillel, Yagel, Ilia Yefimovich, Kfar Tapuach, FakeReporter, Limor Son, —, Itamar Ben Gvir’s Otzma, Zvi Sukkot, Gil Cohen, Achiya Schatz, Huwara, Ronen Zvulun, ” Schatz, Hisham K, Abu Shaqra, Ziad Dumaidi, Dumaidi, Hana Abu Saris, Ronaldo Schemidt, ” Dumeidi, Sameh, Abdalmenem, Aqtash, Benjamin Netanyahu, Jaafar Ashtiyeh, won’t, Tzvi, Sukkot’s, Gabòr Friesen, Chris Osieck, ” Dumaidi, What’s Organizations: CNN, West Bank, Israel Defense Forces, IDF, Israel Border Police, Zionism, Magen, Getty, Reuters, Anadolu Agency, Palestine, Palestinian Civil Defense, Red Crescent Society, Israeli, United Nations, Twitter, “ Locations: Huwara, ”, Har Bracha, Nablus, Palestinian, Yitzhar, Samaria, ” Israel, Judea, Tapuach, Jerusalem, AFP, Israel, WhatsApp, “, Dubai, Za’tara, Kfar Tapuach, West

☆ Investors shut out of traditional funding rounds are scouring secondary markets to snap up shares in buzzy AI startups like Dataminr, Hugging Face, and Anthropic
▼ + stars: | 2023-06-12 | by ( Leena Rao | Ben Bergman | ) www.businessinsider.com time to read: +4 min

As the AI craze continues, investors are eager to buy shares of these startups on secondary markets. AI startup shares have been the top in demand sector every month this year, according to EquityZen. It seems that every week there's a new hot AI startup that's raising a big round. ForgeGlobal, a marketplace for secondary transactions of startup shares, is seeing similar excitement from investors in AI startups. Sequoia, General Catalyst, Andreessen Horowitz and many others have been aggressively investing in AI startups.

Persons: Phil Haslett, Haslett, Avlok Kohli, Howe Ng, Ng, Catalyst, Andreessen Horowitz, Javier Avelos, OpenAI, Anthropic, Avelos Organizations: sixfold, SamBaNova Systems, Microsoft, Google Locations: secondaries, Sequoia, Caplight

☆ I swapped alcohol for 'Psychedelic Water' popular among sober-curious people online. I found it's the perfect drink to avoid social anxiety without a hangover.
▼ + stars: | 2023-06-12 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

"Psychedelic Water?" Despite the name, Psychedelic Water doesn't include LSD or psilocybin and definitely won't make you hallucinate. The main side effect I experienced while drinking Psychedelic Water was an occasional tingling sensation on my tongue and minor stomach pains. Psychedelic Water was one of the previously unheard-of brands that took off on social media during this time. Psychedelic Water is available in four flavors: hibiscus lime, blackberry yuzu, oolong orange blossom, and prickly pear.

Persons: —, seltzer, Robbie, Abby Wallace, Pankaj Gogia, Ben Rogul, Gogia, psychedelics Organizations: Service, Pacific Islanders, National Institutes of Health, Nielsen, Urban Outfitters

☆ Nishiyama Onsen Keiunkan: What it’s like to stay at the world’s oldest hotel
▼ + stars: | 2023-06-09 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +8 min

Minobu, Japan CNN —Tucked deep in the mountains of Japan’s Yamanashi prefecture, the Nishiyama Onsen Keiunkan has tatami floors, kimono-sporting staff and signs in handwritten calligraphy. But its popularity received a huge boost in 2011 when the Guinness Book of World Records designated Nishiyama Onsen Keiunkan as the oldest hotel in the world. The front entrance of Nishiyama Onsen Keiunkan. Courtesy Nishiyama Onsen KeiunkanLearning to let goStandard rooms at Nishiyama Onsen Keiunkan have three sections: two sitting areas and one living space. To solve this, he took over the original shares of the business and created the Nishiyama Onsen Keiunkan Limited company.

Persons: Japan CNN —, that’s, Fujiwara, Naruhito, ”, Michiyo Hattori, Mayumi Maruyama, they’re, Kenjiro Kawano, CNN Kawano, Kawano, “, Kawano couldn’t, ” Kawano Organizations: Japan CNN, World Records, Mount, ”, Staff, CNN, Keiunkan Limited Locations: Minobu, Japan, Yamanashi, Tokyo, Shizuoka, Mount Fuji, It’s

☆ Pete Davidson shows up to ‘Transformers’ premiere in a tracksuit
▼ + stars: | 2023-06-09 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —On Monday, Pete Davidson attended at the New York premiere of “Transformers: Rise of the Beasts” — the franchise’s seventh movie, and the first starring the former “Saturday Night Live” regular. His ensemble for the red carpet? Davidson has adopted an increasingly casual approach to red carpet dressing. Davidson has recently been taking a more casual approach to red carpet dressing. And like Sandler, who is frequently pictured in casualwear alongside decidedly better-dressed female co-stars, Davidson has raised colleagues’ eyebrows on the red carpet.

Persons: Pete Davidson, Davidson, Kim Kardashian, Adam Sandler, Harry Styles, Lizzo, Britney Spears, Sandler, “, ” Davidson, Sandler’s, Jamie McCarthy, ”, “ I’m, Pete Organizations: CNN, New York, Vogue, Cannes Locations: Los Angeles, casualwear

☆ It Was Banned for Decades. Now the Miami Heat May Use It to Win a Title.
▼ + stars: | 2023-06-09 | by ( Scott Cacciola | ) www.nytimes.com time to read: +1 min

Murray, the Nuggets’ point guard, missed a 3-point attempt from the left corner, and the Heat raced away for a game-tying bucket. Murray and Jokic both finished with triple-doubles for Denver, which, for one game, at least, was largely unfazed by Miami’s shape-shifting defense. “We didn’t offer much resistance,” said Heat Coach Erik Spoelstra, who bemoaned his team’s lack of effort but considered it an anomaly. He added: “I think the thing that we’ve proven over and over and over is we can win and find different ways to win.”And one of those ways is with their zone defense. So, in an effort to slow the pace of play and compensate for their lack of size, the Heat are occasionally abandoning their man-to-man defense by mixing in some zone.

Persons: Murray, Miami . Murray, Jokic, ”, Erik Spoelstra Organizations: Nuggets, Heat, Denver Locations: Miami .

☆ Fact Check-Fake Courrier International cover depicts Ukrainian forces crossing Styx
▼ + stars: | 2023-06-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image of a fabricated Courrier International magazine cover circulating online does not appear in the French outlet’s online archive of authentic covers and Courrier International took to Twitter to confirm that it is fake. “Cutting satire from the French magazine Courrier International showing Ukrainian forces on their ‘counter attack’ on the river Styx. However, there is no record of such a cover in the Courrier International online archive (here). On May 26, Courrier International tweeted in response to a user sharing the fabricated cover, “This cover is fake and was not published by Courrier international. The Courrier International cover depicting Ukrainian forces crossing the River Styx is fabricated and it does not appear in the outlet’s online archive of authentic covers.

Persons: Read Organizations: Courrier, Twitter, Ukrainian, Reuters

☆ Being Gay Is Illegal in Many Countries. L.G.B.T.Q. Travelers Are Going Anyway.
▼ + stars: | 2023-06-06 | by ( Ainara Tiefenthäler | ) www.nytimes.com time to read: +1 min

In the Maldives, gay sex may be punished with lashes and up to eight years in prison. Paradoxically, these trips are also all offered by travel companies founded by and catering to members of the L.G.B.T.Q. “I’m gay and I want to visit these places,” said Darren Burn, the founder of Out of Office, an inclusive luxury travel company. “And if I want to visit these places, then there are other gay people who do, too. So if we can enable them to do it in a fun, exciting and safe way, then that’s exactly what we’re here for.”A world that isn’t always friendlyBy some metrics, certain L.G.B.T.Q.

Persons: “, ”, Darren Burn Locations: Maldives, Kenya, Egypt

☆ How to build a cheap DIY underground bunker to protect you from nuclear fallout, in 6 steps
▼ + stars: | 2023-06-03 | by ( Adam Barnes | ) www.businessinsider.com time to read: +10 min

In a pinch, this DIY fallout shelter would be better than an above-ground building, an expert said. Turns out, if a nuclear attack is imminent, you can build your own DIY fallout shelter for relatively cheap. Equipment you'll need for a DIY fallout shelterPhoto taken in 1961 of a 77-year-old man who built his own fallout shelter in his backyard. How to build a DIY fallout shelter for cheap in 6 stepsFirst, scout out a location for your fallout shelter. How this DIY fallout shelter would protect youSoil is a great shield from radioactive fallout.

Persons: —, Michael Ochs, Stringer, Cresson H, it's, Sun, bomba, Alex Wellerstein, MAXIM ZHURAVLEV Organizations: Service, Michael Ochs Archives, National Laboratory, Laboratory, Getty, University of Nevada, United States National Locations: Oak, Kearny, Nes, Las Vegas

☆ Teachers are on the front lines of a battle to change how teens use social media
▼ + stars: | 2023-06-03 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Each school year, the 10th graders in her class at Scarsdale High School in New York watch “The Social Dilemma,” a 2020 documentary about the harms of social media. Ron DeSantis signed an education bill that prohibits students from accessing certain social media platforms on school Wi-Fi and requires instruction on the negative impacts of social media. These efforts come amid heightened bipartisan pressure from lawmakers for social media companies to do more to protect their youngest users. Teachers openly remind students how their social media history lives on and how it can be perceived among colleges and employers, English said. “Many students don’t even understand most of these dangers,” said Marc Berkman, director of The Organization for Social Media Safety.

Persons: hasn’t, Jennifer Rosenzweig, ”, Rosenzweig, “, ” Rosenzweig, Vivek Murthy’s, ” Jennifer Rosenzweig, Ron DeSantis, Chris English, sexting, don’t, Marc Berkman, Devorah Heitner, “ Screenwise, ’, Berkman, he’s, it’s, Gillian Feldman, ” Feldman, Sabine Polack, Polack Organizations: CNN, Scarsdale High School, Florida Gov, Roycemore, Teachers, Social Media Safety, The Organization, Brawerman Elementary School, Organization of Social Media Safety, Scarsdale, Scarsdale High, Scarsdale School District Locations: New York, Florida, Evanston , Illinois, Los Angeles, Scarsdale

CNN —Gelje Sherpa was on his way to the top of the world’s highest mountain when he spotted the climber clinging to the rope. The climber, from Malaysia, had “nothing” and was “about to die,” the 30-year-old Nepali mountain guide told CNN’s Anderson Cooper in an interview Thursday. The sherpa has previously carried out more than 55 rescues, some very long operations, but said this was the “hardest in my life.”Ngima Tashi Sherpa carries a Malaysian climber from the death zone at Mount Everest on May 18, 2023. In recent years, as death tolls have risen on the mountain, climbers and experts have also warned of the dangers of overcrowding. Nepal issued permits for a record 478 climbers for this season’s expeditions to Everest, according to the department’s data.

Persons: CNN — Gelje, CNN’s Anderson Cooper, “, ”, Gelje, –, ” Gelje, ” Ngima Tashi Sherpa, Bigyan Koirala, There’s, Yubaraj, ” Koirala Organizations: CNN, Reuters, sherpa, Everest, Nepal’s Tourism Department Locations: Mount Everest, Malaysia, Malaysian, Everest, Nepal, Pakistan

"The risk of a downgrade is exacerbated every time Congress flirts with the debt ceiling," said Calvin Norris, Portfolio Manager & US Rates Strategist at Aegon Asset Management, who sees another downgrade as still a risk. Economic damage from the 2011 and 2013 debt ceiling battles had a chilling impact. Rating agency Fitch and other smaller agencies recently placed the U.S. credit rating under review. Reuters GraphicsCASCADE EFFECTInvestors use credit ratings as one of the metrics to assess the risk profiles of governments and companies. In the 2013 debt ceiling crisis the legislative standoff did not cause a rating downgrade, although Fitch placed its rating under review.

Persons: Kevin McCarthy, Joe Biden, Leah Millis, Calvin Norris, Wendy Edelberg, Edelberg, Fitch, William Foster, ”, Andy Sparks, Olivier d'Assier, Peter Crane, MSCI's Sparks, Davide Barbuscia, Megan Davies, Nick Zieminski Organizations: U.S, White, REUTERS, Senate, Republicans, Aegon Asset Management, AAA, Government, Office, The, Brookings Institution, Moody's, Moody’s Investors Service, Applied Research, Crane, Treasury, Thomson Locations: Washington , U.S, U.S, United States, Washington, APAC, Qontigo

☆ New North Korean space rocket features engine from ICBMs, analysts say
▼ + stars: | 2023-06-01 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

[1/2] A still photograph shows what appears to be North Korea's new Chollima-1 rocket being launched in Cholsan County, North Korea, May 31, 2023 in this image released by North Korea's Korean Central News Agency and taken from video. "It appears to make use of an engine that appeared in an earlier North Korean intercontinental-range ballistic missile." The Chollima-1 appears to be a medium-lift space launch vehicle intended for delivering small satellites to low earth orbit. "In this case we do have a fairly large payload fairing compared to the earlier North Korean space launch vehicles," Panda said. South Korea said it was working to recover parts of the North Korean rocket, releasing photos that showed what analysts said appeared to be a section designed to join two stages, and a liquid propellant tank inside.

Persons: Joseph Dempsey, Panda, Korea's, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, REUTERS, Carnegie Endowment, International, North Korean, International Institute for Strategic Studies, United Nations, Thomson Locations: Cholsan County, North Korea, REUTERS SEOUL, U.S, Korea's, Soviet, United States, Korea, South Korea, South

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