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Federal Debt and the Election
  + stars: | 2024-10-08 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +2 min
Likewise, the federal government will eventually face consequences for spending more money than it raises in taxes. Already, the costs of high federal debt are evident. About one-seventh of all federal spending this year will cover interest payments on debt the government previously accumulated. (Social Security remains almost twice as expensive as Medicare, the military or debt interest.) Over time, interest payments will account for an even larger share of the federal budget, leaving less money for everything else.
Persons: , doesn’t Organizations: Treasury, Social Security
Read previewNew details about Sean "Diddy" Combs' Miami mansion were uncovered as part of his bond hearing this week. The legal team also noted that Combs satisfied the $18.8 million mortgage on the Star Island home in August, anticipating criminal charges. AdvertisementOther homes on the island go for even more than the $48.5 million Combs' home was appraised at. Comparable sales listed in the appraisal report for Combs' Miami mansion. Besides the Star Island home, he owns a mansion in Los Angeles that he recently put on the market for $61.5 million.
Persons: , Sean, Diddy, Combs, Marc Agnifilo, Agnifilo, David LEFRANC, Ken Griffin, Griffin, Alex Rodriguez, Gloria, Emilio Estefan, Forbes, Sean John, Andy Warhol, Jean, Michel Basquiat Organizations: Service, feds, Business, Miami, singer's, Research, Miami -, Star, Advanced Research, Bad Boy Records, Cîroc, Diageo, Combs Enterprise, Combs Locations: Miami, Miami - Dade, cabanas, Biscayne Bay, Miami Beach, Los Angeles
Read previewAround 200,000 Haitians living in the US are on Temporary Protected Status, including many of those living in Springfield, Ohio, who have been targeted by former President Donald Trump and others with baseless claims about eating pets. Trump has already called for mass deportations from the town, saying last week: "We're going to start with Springfield and Aurora." "Once a country is designated, each individual covered by the designation must apply separately for TPS status," she said, noting that existing TPS holders must also renew their paperwork with each redesignation. However, if Trump wins, Leblang told BI this is far less likely. Indeed, it already was once before when Trump sought to end TPS for certain countries during his last administration.
Persons: , Donald Trump, Trump, Nancy Morawetz, Alejandro Mayorkas, Tom K, Wong, Harris, David Leblang, Leblang, Justin Sullivan, Lori A, Nessel, Biden, Julia Gelatt, Gelatt Organizations: Service, Trump, TPS, Haiti, Business, Biden, NYU, BI, Homeland, US Immigration Policy Center, University of Virginia, Seton Hall University School of Law, Department of Homeland Security, US Locations: Springfield , Ohio, Haitian, Springfield, Aurora, Haiti, Honduras, Nicaragua, El Salvador, Sudan, Canada
It appeared to be another typical ransomware attack that impacted the city of Columbus, Ohio, this past July. Connor Goodwolf (legal name is David Leroy Ross) is an IT consultant who plumbs the dark web as part of his job. So when word got out that the city of Columbus, his hometown, had been breached, Goodwolf did what he does: he poked around online. "Lawsuits against data security researchers are rare," said Raymond Ku, professor of law at Case Western Reserve University. Columbus City Attorney Zach Klein said during a September press conference that the case was "not about freedom of speech or whistleblowing.
Persons: Andy Ginther, Connor Goodwolf, David Leroy Ross, Goodwolf, Goodwolf's, Columbus Mayor Andrew Ginther, government's, Edward Snowden, Raymond Ku, Kyle Hanslovan, Huntress, Snowden, Hanslovan, Zach Klein, Scott Dylan, Dylan Organizations: Social, Columbus Mayor, Google, Rhysida Group, Columbus, Infrastructure Security Agency, CNBC, Case Western Reserve University, United, NexaTech Ventures, Goodwolf, Intel Locations: Columbus , Ohio, Ransomware, Columbus, Eastern Europe, Russia, U.S, United Kingdom, Goodwolf
Sydney Metro Expands, Opening to Celebrity-Level Fanfare
  + stars: | 2024-08-23 | by ( Yan Zhuang | ) www.nytimes.com   time to read: +2 min
This week’s issue is written by Yan Zhuang, an Australian reporter in the Seoul bureau (who is very excited about the metro). A key segment of Sydney’s new metro train line opened early on Monday with a level of fanfare usually associated with celebrity appearances or pop concerts. The new section, which connects Sydenham, an inner-west neighborhood of Sydney, to Chatswood, in the north, runs under the city’s business district and crosses under the Harbor Bridge. It is the second part of the metro project to open, after a northern section that started operating in 2019. The news media covered the opening in breathless terms.
Persons: Yan Zhuang, David Levinson, marveled, Organizations: University of Sydney, ABC, ” Broadcasting, New Locations: Australia, Australian, Seoul, Sydney, Sydenham, Chatswood, , New South Wales
Why Kamala Harris’s Centrism is Working
  + stars: | 2024-08-23 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Kamala Harris capped her first month as the Democratic Party’s presidential candidate with a roughly 35-minute convention speech last night that embodied her aggressive efforts to win over swing voters. It was a patriotic speech that was hawkish on foreign policy and border security. She described the United States as the greatest country in the world — a view many Americans hold but most Democratic voters do not — and she ended by saying that being an American was “the greatest privilege on earth.” She promised to confront China, Russia, Iran and Iran-backed terrorists and to make sure that the U.S. military remained the “most lethal fighting force in the world.”She also offered a series of populist promises to help the middle class by reducing the cost of housing and health care — policies that many independents and some Republicans favor. And she spent little if any time on subjects that inspire passion among Democrats but are either secondary or off-putting to many swing voters, such as student debt forgiveness and President Biden’s climate agenda. You can read more about Harris’s speech in this news story, as well as in this article on how she contrasted herself with Donald Trump.
Persons: Kamala Harris, Donald Trump Organizations: Democratic, . Locations: United States, American, China, Russia, Iran
Trump’s allies are also publicly making their pitch for him to refocus his attention on the race. “You’ve always got to be assessing the state of the race, and I would like to see more offense from the Trump campaign. On a swing of battleground states last week, Harris and her new running mate were greeted by a groundswell of supporters at each stop. "This was a TRUMP idea — She has no ideas, she can only steal from me," Trump wrote on Truth Social. In an appearance on Real America’s Voice last week, Trump’s political director, James Blair, made the case that it is a state-by-state race.
Persons: Donald Trump, Kamala Harris, Trump, , ” Trump's, , Harris, Joe Biden's, Brian Kemp, Kevin McCarthy, “ You’ve, ” McCarthy, Tim Sheehy, Dan Eberhart, , Biden, ” Trump, outpacing Harris, ” Karoline Leavitt, Trump’s, Walz, David Lee, Chris Grant, James Blair Organizations: Republican, Trump, NBC News, Fox News, Montana, Democrat, , Mar, Biden, ABC, Harris, Privately, CNBC, Democratic, , Labor, MAGA Inc, Politico, Real America’s Voice Locations: Georgia, Bozeman, Asheville , North Carolina, Pennsylvania, Florida, Las Vegas, Arizona, Michigan , Wisconsin , Nevada, North Carolina
Related storiesWhile those concerns served as the kindling, it was the July jobs report that sparked terror. A closer look at the jobs report reveals that while job additions underwhelmed, jobless claims were also minimal. AdvertisementSecond-quarter earnings growth has been impressive so far and seems set to rise by low single digits, according to UBS GWM. The bullish strategy chief remarked in a note Monday that six of the 11 market sectors have enjoyed double-digit earnings growth this quarter, while only three have seen declines. "Such sell-offs can offer an opportunity to 'catch babies tossed out with the bath water,'" Stoltzfus wrote.
Persons: , Oppenheimer, Jonathan Golub, Oppenheimer Jason Draho, Americas Solita Marcelli, Marcelli, Beryl, Draho, That's, David Lefkowitz, John Stoltzfus, Stoltzfus Organizations: Service, Business, UBS, UBS Global Wealth Management, Labor, UBS GWM Locations: Americas
A few years ago, the organizers of one of the largest U.S. exercise programs for people with Parkinson’s disease realized they had a problem: Most of the students were white. But people who run Parkinson’s exercise programs in a handful of U.S. cities describe great difficulty in recruiting Black people. Johnson said his Chicago-area initiative offered a free six-month exercise program for Parkinson’s patients and increased marketing in the Black community but got little traction. When a white person shows up at the doctor’s office with such symptoms, a doctor would likely recognize them as signs of Parkinson’s, said Bernard Coley, an advocate for people with Parkinson’s disease, especially those in underengaged communities. After his less-than-successful efforts to recruit Black Parkinson’s patients into his exercise program in Chicago, Johnson concluded that the fact that he’s not Black is an “important factor.”Leventhal, who runs the Parkinson’s exercise program in New York, has come to the same conclusion.
Persons: “ We’re, who’s, , David Leventhal, Mark Morris, New York City . Leventhal, Leventhal, it’s, ” Leventhal, Eddie Marritz, Parkinson’s —, Eric Johnson, Johnson, , Bernard Coley, Coley, Amber Star Merkens, ” Coley, Wendy Lewis, Tammyjo, Black, he’s, puller Organizations: Mark Morris Dance Group, New York City ., Mark Morris Dance, Yale, Movement, Parkinson’s, Nature, Parkinson’s Foundation, Parkinson Council, Emory University, KFF Locations: U.S, New York City, Chicago, California, Philadelphia, Atlanta, New York
University of Connecticut star Paige Bueckers will sign a name, image and likeness deal with the new women's basketball league Unrivaled, people familiar with the matter told CNBC. Unrivaled was founded last year by Women's National Basketball Association players Breanna Stewart of the New York Liberty and Napheesa Collier of the Minnesota Lynx. In February, Bueckers announced she would forgo the 2024 WNBA Draft to return to UConn for her senior season. Unrivaled was started as a way to allow WNBA basketball players the option to play in the U.S. during their offseason. Angel Reese of the Chicago Sky was the first player from this year's WNBA rookie class to join the league.
Persons: Paige Bueckers, Breanna Stewart, Napheesa Collier, Bueckers, Stewart, Collier, Chelsea Gray, Kelsey Plum, Angel Reese, Geno Auriemma, Carmelo Anthony, Steve Nash, Alex Morgan, Megan Rapinoe, John Skipper, David Levy, Ashton Kutcher Organizations: UConn Huskies, NCAA, Iowa Hawkeyes, Mortgage, University of Connecticut, CNBC, Women's National Basketball Association, New York Liberty, Minnesota Lynx, WNBA, UConn, Las Vegas Aces, Dallas Wings, Chicago Sky, Bueckers, National Basketball Association Locations: Cleveland , Ohio, U.S
CNN —Confronted with a barrage of negative social media posts from former President Donald Trump aimed at his wife, second gentleman Doug Emhoff eschewed machismo or defensiveness. “That’s all he got?” he said Tuesday of the attacks on Vice President Kamala Harris, the new and historic presumptive Democratic presidential nominee. And Monday, he leaned into a cheerleader role as he introduced the vice president at her Wilmington, Delaware, campaign headquarters. So I think that gives you a fairly good indication of if he now would move into a precedent-setting first gentleman role,” McBride said. “This first gentleman role is being a supportive spouse and understanding better than anyone the administration’s goals and how to go about best achieving that,” she said.
Persons: CNN —, Donald Trump, Doug Emhoff, , , Kamala Harris, Harris, Emhoff, Harris ’, Anita McBride, Laura Bush, Jill Biden, he’ll, David Letterman, Seth Schuster, He’s, Joe Biden, Dobbs, , ” Emhoff, hyping, you’re, it’s, Kamala, that’s, “ He’s, Capricia Marshall, Obama, Clinton, shirk, ” Marshall, CNN’s Dana Bash, I’m, Bash, ” McBride, Marshall, CNN’s Arlette Saenz, Jeff Zeleny Organizations: CNN, Democratic, Georgetown Law, , Jewish Democratic Council of America, Jewish, White, House Locations: England, Yarmouth , Maine, Nantucket, Vineyard , Massachusetts, Paris, Wausau, Stevens Point , Wisconsin, McLean , Virginia, Wilmington , Delaware, United States, United States of America, Israel
The Harris Campaign Begins
  + stars: | 2024-07-23 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Kamala Harris has an opportunity that would not have been available to President Biden if he’d been the Democratic nominee. She can reintroduce herself to voters in ways that address their biggest complaints about Biden’s record and the Democratic Party. She is Biden’s vice president, after all. Yesterday, a Republican political group urged candidates to criticize Harris as a radical, while JD Vance, the Republican vice-presidential nominee, told a rally, “The Biden record is the Kamala Harris record.”Still, Harris is not Biden, and she can subtly distance herself from his record and emphasize what she would do differently. Hubert Humphrey surged in the 1968 race after he belatedly separated himself from Lyndon Johnson’s Vietnam policies.
Persons: Kamala Harris, Biden, he’d, Harris, JD Vance, , , George H.W, Bush, Ronald Reagan, Al Gore, Bill Clinton, Hubert Humphrey, Lyndon Organizations: Democratic, Democratic Party, Republican, Biden Locations: Vietnam
Read previewFor years, Russia's youth has been fed hardline nationalistic ideology as the Kremlin has sought to engineer a new generation of Putin clones. AdvertisementState-run youth groups have also dramatically increased in size since Russia launched its full-scale invasion of Ukraine in 2022. The group's head said it had opened around 40,000 offices across Russia as of December 2023, per Russia's state-run TASS news agency. DMITRY KOSTYUKOV/AFP via Getty ImagesThe various Academics fraternity cells are largely similar in style, though some display more extreme behavior than others. It's all part of "a much bigger campaign to target the next generation of Russian youth."
Persons: , Putin, Sergei Novikov, Vladimir Putin, Ian Garner, Garner, Mikhail Komin, frat, Nikita Izyumov, Konstantin Malofeyev, Izyumov, Komin, DMITRY KOSTYUKOV, David Lewis, Izymov, Lewis, ALEXANDER NEMENOV, Young Organizations: Service, Kremlin, Business, RBC, Russia, European Council, Foreign Relations, Fraternity, West, Academics, Getty, University of Exeter, Ministry of Defence, UK's MoD, Fraternity of Locations: Russia, Ukraine, Russian, Rome, Moscow, Constantinople, AFP, Chelyabinsk
America’s Unstable Politics
  + stars: | 2024-07-19 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
American politics was more stable for the past half-century than it had been for most of the country’s history. But yesterday’s remarkable events — in both Washington and Milwaukee, among both Democrats and Republicans — showed how unstable our politics have become. Biden himself has begun to accept the idea that he may have to drop out of the race, people close to him told The Times. Trump gave a speech that was both personal and rambling and that highlighted how different he is from any other recent president. He also demonstrated how he transformed the party over the past decade into a populist-sounding, antiwar, immigration-skeptical movement that Ronald Reagan would hardly recognize.
Persons: Republicans —, Biden, Donald Trump, Trump, Ronald Reagan Organizations: Republicans, Democratic Party, Times Locations: Washington, Milwaukee, New York
UBS increased its S&P 500 year-end price target to 5,900, marking the fourth increase from the bank this year. It added that the S&P 500 could surge 17% to 6,500 by year-end in a bull-case scenario. AdvertisementUBS is once again raising its year-end price target for the S&P 500. UBS initially had a year-end price target of 4,850. Those earnings and price target estimates would represent a historically high price-to-earnings multiple for the S&P 500, but it's warranted, according to Lefkowitz.
Persons: , David Lefkowitz, Lefkowitz, Lefkowitz materializes Organizations: UBS, Service
CNN —Like its titular tornados, “Twisters” blasts through a lot in its 122-minute runtime. Generally, scientists are the least certain about the connection between tornadoes and climate change as it’s unclear how warming temperatures are changing storms themselves or the outbreaks. Cathy, a local farmer, gripes that storms and floods are becoming more frequent, and the price of wheat more expensive, while stopping short of citing climate change. However, for a film populated by scientists and clued-in citizens to not mention climate change is a little like the twisters themselves: there’s a hole at the center. !”“Making a ‘Twisters’ movie in Tornado Alley during storm season, tornado season, it’s kind of perfect.
Persons: Glen Powell’s brawn, , , Lee Isaac Chung, “ We’ve, , Javi, Anthony Ramos, Kate, Daisy Edgar, Jones, ” Lee, Maura Tierney’s, Cathy, that’s, Lee, Glen Powell, Mark L, Smith, Joseph Kosinski, it’s, we’re, Kevin Costner, Yorgos, Matt Smith, Fabien Frankel, Anya Taylor, Joy, Max, George Miller, Chris Hemsworth, Samsik, Kang, , Nicola Coughlan, Luke Newton, Guy, Ryan Gosling, Emily Blunt, David Leitch, stuntmen, Jane Schoenbrun, Justice Smith, Brigette Lundy, Paine, Josh O'Connor, Idris Elba, Adam Pally, Hao Xuande, Sandra Oh, Chan, Henry Cavill, Alex Pettyfer, Guy Ritchie's, Guy Ritchie, Jerry Bruckheimer, Isabella Rossellini, Kristen Stewart, she's, Denis Villeneuve, Frank Herbert's, Jessica Chastain, Austin Butler, Ambika Mod, Leo Woodall, Molly Manning Walker, Bryan Cranston, Matthew Vaughn, Ava DuVernay, Aunjanue Ellis, Taylor, Paul Mescal, Andrew Scott, George Clooney, Pedro Alonso, Penelope Cruz, Laura Garello Ferrari, Adam Driver, Michael Mann, Emma Stone, Bella Baxter, Willem Dafoe, Mark Ruffalo, Ramy Youssef, Imelda Staunton, Dominic West, Ncuti Gatwa, Paul King, Hugh Grant's Oompa, Napoleon, Vanessa Kirby, Ridley Scott, Nicolas Cage, Emerald Fennell, Jacob Elordi, Priscilla, Sofia Coppola, Elvis Presley, Kitty Green, Justine Triet, Sandra Hüller, Palme, Ryu Seungryong, Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Downey Jr, Margot Robbie, Ken, Greta Gerwig, Mattel, Tom Cruise, Christopher McQuarrie, Simon Pegg, Scarlett Johansson, Jason Schwartzman, Adrien Brody, Jeffrey Wright, Wes Anderson, Celine Song, Greta Lee, Halle Bailey, Javier Bardem, Kim Woo, Seung, Cho Ui, seok, Jan de Bont’s, ” Glen Powell, Melinda Sue Gordon, Ramos, Powell, everybody’s weirdly, ” Powell, Tyler Owens, “ I’m, anyone’s Organizations: CNN, , Universal Pictures, Warner Bros ., CNN CNN, Ungentlemanly, Locations: Midwest, Oklahoma, Arkansas, Korea, Modena, Palme d'Or,
Over the last three years I’ve learned to manage pastures and help newborn calves latch on to their mamas. (I also learned that “cattle” is the proper gender-neutral term, whereas a “cow” is a female that has had a calf.) While cattle are as intelligent and as lovable as dogs, I’ve found that they go through life at their own leisurely speed. Whereas dogs adapt to the rhythms of human society in all its varied forms, cattle don’t abide sudden movements or states of human agitation. By forcing people to adopt their pace, cattle connect us to the environment in ways that no other animal does.
Persons: David Letterman, , I’ve Locations: M.R.I
Slowing Down Like Scarlett
  + stars: | 2024-07-13 | by ( David Leonhardt | ) www.nytimes.com   time to read: +2 min
With Melissa Kirsch — the regular writer of our Saturday newsletter — off today, we’re going to turn to another source for some life guidance: Scarlett Johansson. Despite all this, as Maureen explains, Johansson manages to carve out a surprising amount of normalcy in her life. “She goes to the supermarket,” Colin Jost, the Saturday Night Live star, who’s married to Johansson, said. As I read the profile, I was struck that Johansson also rejects modern normalcy in some important ways. Her large green eyes stay trained on me for nearly two hours, asking nearly as many questions as she fields.
Persons: Melissa Kirsch —, Scarlett Johansson, Maureen Dowd, Johansson, Maureen, Colin Jost, who’s, “ She’s, Read Organizations: Times, Disney Locations: New York, Central Park
CNN —Richard Simmons, the perennial 1980s workout personality who was defined by his uplifting spirit, has died, according to his longtime publicist Tom Estey. From 1980 to 1984, Simmons hosted the “Richard Simmons Show,” which had a focus on personal health and fitness. In 2003, Simmons told CNN that his experience as an overweight child eventually put him on a path toward fitness. Recent celebrationFor his birthday, Simmons wrote on X on Friday, “Thank you…I never got so many messages about my birthday in my life! I am grateful that I’m here, that I am alive for another day,” Simmons said at the time.
Persons: Richard Simmons, Tom Estey, Estey, Simmons, , ” Estey, , Johnny Carson ”, Jay Leno, David Letterman, ,  “, , Richard, Pauly Shore, ” Simmons, that’s, Shore, , Love, “ I’ll, Elizabeth Wagmeister Organizations: CNN, Los Angeles Police Department, Fire Department, LA County Medical, Hollywood, Facebook, Wolper Organization, Warner Bros, Sundance Film Locations: , Beverly Hills, Pauly
Read previewDr. Ruth Westheimer, a renowned sex therapist, media personality, and Holocaust survivor known for leading entertaining and culture-shifting conversations about sexual health and pleasure, has died at 96, multiple outlets reported. Westheimer, known to her fans as "Dr. Ruth," extolled the benefits of sex even during the final years of her life. Julius Siegel, pictured above, was the father of Dr. Ruth Westheimer, who was born in Germany as Karola Ruth Siegel. Courtesy of Dr. Ruth Westheimer"I don't think of myself as a survivor. Sex therapist Dr. Ruth Westheimer pictured attending the World AIDS Day Benefit Gala November 30, 1990 in New York City.
Persons: , Ruth Westheimer, Westheimer, Pierre Lehu, Dr, Ruth, Karola Ruth Siegel, Westheimer's, Julius Siegel, Manfred, Fred, Joel, Miriam, David Letterman, Arnaldo Magnani, Jamie McCarthy, NPR's Scott Simon, Hitler Organizations: Service, Associated Press, New York City, Business, People, Sorbonne University, University of Paris, The New School, Columbia University, Presbyterian Hospital, NPR Locations: New, Germany, Frankfurt, Switzerland, British, Palestine, Paris, Israeli, Manhattan, New York, York City, New York City
Presidential Medical Secrets
  + stars: | 2024-07-11 | by ( David Leonhardt | Ian Prasad Philbrick | ) www.nytimes.com   time to read: +1 min
Only later — years later, in some cases — does the severity become clear. Grover Cleveland’s aides lied about a surgery in 1893 — performed on a friend’s yacht — to excise a tumor in his mouth. Woodrow Wilson spent his last year and a half as president debilitated by strokes while his wife and doctor secretly carried out some presidential duties. Dwight Eisenhower’s doctor initially described his heart attack in 1955 as “a digestive upset.” John F. Kennedy’s aides lied about his Addison’s disease. President Biden and his aides have become part of this presidential tradition.
Persons: James Madison, Chester Arthur’s, Grover Cleveland’s, , Woodrow Wilson, debilitated, Franklin D, Roosevelt, Dwight Eisenhower’s, ” John F, Kennedy’s, Ronald Reagan’s, Donald Trump, Biden Organizations: The Times Locations: United States
In addition to people who worked directly for Trump, others who participated in Project 2025 were appointed by the former president to independent positions. Several people involved in Project 2025 didn’t serve in the Trump administration but were influential in shaping his first term. Both Trump and Project 2025 have called for eliminating the Department of Education. Vast network of Trump alliesHowever, Trump’s attempts to distance himself from Project 2025 have already encountered credibility challenges. Shortly after Trump’s Truth Social post last week, Democrats noted a recruitment video for Project 2025 features a Trump campaign spokeswoman.
Persons: Donald Trump, , Trump, Mark Meadows, Stephen Miller, Jay Sekulow, Cleta Mitchell, John Eastman, Brendan Carr, Lisa Correnti, Brett Tolman, Charles Kushner, Trump’s, Tolman, Joe Biden, Danielle Alvarez, “ Team Biden, ” Alvarez, Kevin Roberts, Roberts, , Susie Wiles, Chris LaCivita, Paul Dans, Biden, Miller, Russ Vought, Ben Carson, Christopher Miller, John Ratcliffe, Steven Bradbury, Patrick Pizzella –, Mark Morgan, Tom Homan –, , Kathy Nuebel Kovarik, Ken Cuccinelli, Peter Navarro, Michael Pack, Frank Wuco, Barack Obama’s, David Legates, Mari Stull, President’s, ” Roberts Organizations: CNN, Republican, White, Trump, Heritage Foundation, Mandate, Leadership, Federal Communications, United Nations Commission, Republican Party, “ Team, Democratic, Committee, Heritage, American, Foundation, Department of Education, Affordable, National Weather Service, Trump Administration, America, Center, Management, “ Mandate, Leadership ”, Urban, National Intelligence, Labor, Customs, Border Protection, Immigration, of Homeland Security, US Agency for Global Media, NOAA, State Department, ” “ Conservatives Locations: Trump, Washington, Texas , Alabama, Mississippi, America
The Democrats’ Unhappy Indecision
  + stars: | 2024-07-10 | by ( David Leonhardt | Ian Prasad Philbrick | ) www.nytimes.com   time to read: 1 min
Democratic politicians seemed to be falling in line behind President Biden yesterday even as more polling showed his campaign to be in trouble. In today’s newsletter, we’ll explain the latest developments and polling. We will also give you a selection of commentary — both pro-Biden and anti-Biden — that we found helpful. The view on the Hill
Persons: Biden
The nature of illegal lockouts means they are hard to track directly. One of the responding officers calls a sergeant over, who says there's nothing else they can do. While only 14% of lockout calls led to a police report, 86% of calls about shoplifting did. As they walk over, one of the officers tells the other to look up "illegal lockout" on his phone. A 2006 bill that would have defined illegal lockouts for all Illinois residents was defeated.
Persons: Alfred Perry, He'd, Perry, Dan Wright, Perry didn't, Wright, Bridget Bennett, Dan hadn't, I'd, he'd, Charlie Bliss, Matthew Desmond, Lockouts, Jersey City's, haven't, he's, David Leibowitz, Leibowitz, , Pretium —, Kristi DesJarlais, Siegel, Sean Thueson ​, , Thueson, Blackstone, lockouts, Pretium, Katherine Kelly, RealPage, Jennifer Bowcock, William Prosser ,, they're, Donna Rossi, Sara Heymann, Meghan Aguilar, Misty Skinner, Skinner, Levi Wilhelm, It's, hasn't, I've, Wilhelm, they'd, Jeffrey Uno, Deirdre Orange, isn't, Daniel Benavidez, Jenny Chavez, criminalizing, Rob Bonta, Eric Carter, John Bartlett, Carter, Fred Fuchs, Steve Cohen, Michael Bennet, Sarah Saadian, Douglas Farrar, Kelly, Fuchs, Heymann, who've Organizations: Labor, Chrysler, Social Security, Business, North Las Vegas Police Department, Child Protective Services, Las Vegas Justice, Atlanta Legal, Atlanta Police Department, Atlanta, Supreme, Department of Housing, Los Angeles Police Department, Houston —, Arizona, Housing Association, Invitation Homes, Siegel, Siegel Group, Blackstone ., Progress, Homes, Union, city's Housing Department, Miami, Police, Houston, Houston Police Department, Phoenix, Criminal, Chicago, Chicago Department, LAPD, Records, Jersey City, Las Vegas Metropolitan Police Department, Las Vegas Metro Police, Legal, Foundation of Los, Phoenix Police Department, Fulton County Marshal's Department, Avondale Police Department, Avondale Police, Metropolitan Tenants Organization, Texas Justice Court, Court Training Center, Illinois, National Weather Service, Democratic, Senate, Income Housing Coalition, Consumer Financial Protection Bureau, Federal Trade Commission, FTC, AGs Locations: Las Vegas, Detroit, Vegas, United States, Perry's, Princeton, Milwaukee, Los Angeles, Chicago, Atlanta, South Chicago, Phoenix, Jersey, New Jersey, Jersey City, Houston, Nevada, . Texas, Harris County, Texas, Arizona, Washington, city's, Atlanta , Miami, California, New York City, Spring Valley, Spring Valley , Nevada, Las, Foundation of Los Angeles, Avondale , Arizona, Arkansas, Georgia , Mississippi, Pennsylvania, Wyoming, In Connecticut , Massachusetts, Minnesota , New Jersey, New York, Delaware, Illinois
He reasoned that while higher interest rates were a concern, solid earnings growth would keep stocks afloat. Since then, the S&P 500 has rallied 11.1% off its early May lows and extended its year-to-date surge to 16.9%. Since UBS GWM is neutral on US stocks, Lefkowitz recommends that investors keep their expectations in check and look for alternatives. Though not flashy, bonds boast attractive yields and should continue to rally if the Fed cuts rates this fall, according to UBS GWM. "We think investors should position for a lower interest rate environment and buy quality bonds, which have attractive yields and the potential for capital appreciation amid the potential for a deeper easing cycle," Marcelli wrote in the note.
Persons: , it's, David Lefkowitz, who's, Lefkowitz, We'll, that's, Donald Trump, Joe Biden, UBS GWM, seconding, Solita Marcelli, Marcelli, Trump Organizations: Service, UBS Global Wealth Management, UBS GWM's, Business, UBS GWM, Federal, Nvidia, UBS, White Locations: Washington
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