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Mellody Hobson on how standing out presents opportunity
  + stars: | 2024-02-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMellody Hobson on how standing out presents opportunityAriel Investments co-CEO & President Mellody Hobson celebrates her black heritage and encourages others to take the opportunity to leave an impression.
Persons: Mellody Hobson, Ariel Investments
Ship Carrying 16,000 Sheep and Cattle Stranded off Australia
  + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
"It's very hard to imagine that that is consistent with the animal welfare standards that Australians expect to be applied to Australian animals." ROUGH WEATHERAustralia is a major exporter of live animals, shipping more than half a million sheep and half a million cattle last year. Most cattle go to Asian markets such as Indonesia and Vietnam but the Middle East is by far the biggest destination for Australian sheep. Israel is a key market, receiving 86,100 sheep worth $6.5 million and 10,848 cattle worth $14 million from Australia in the first three months of last year, trade data show. Australia's Labor government has pledged to outlaw exports of live sheep in coming years but faces angry pushback from farm groups who say this would put people out of work and destroy farming communities.
Persons: Peter Hobson CANBERRA, Yemen's, Josh Wilson, Bassem, Geoff Pearson, Canberra, Peter Hobson, Stephen Coates Organizations: Fremantle, WA Farmers, Reuters, Korkyra Shipping, Labor Locations: Australia, Israel, Africa, Red, Europe, Asia, Indonesia, Vietnam, New Zealand
Read previewCash-hungry entertainment studios are back in the content licensing game, sending their valuable shows like HBO's "Sex and the City" and Disney's "Grey's Anatomy" back to Netflix. Licensing has historically been a mainstay of entertainment companies, except for a brief period when many hoarded content while they built up their own streaming services. "It's the future," said Dan Cohen, the chief content licensing officer at Paramount. Netflix and other entertainment companies that sought full ownership of content as they built up their streaming services are now becoming more agnostic about it. But, for now, the major entertainment companies don't have much of a choice.
Persons: , Mike Pears, Pears, Jessica Reif Ehrlich, Dan Cohen, Reif Ehrlich, Mitch Metcalf, Metcalf, Meeka Bondy, Perkins, John Hodulik, Tim Nollen, Netflix's, it's, Nollen Organizations: Service, Netflix, Business, AMC, Apple, Warner Bros . Discovery, Paramount, Bank of America, ABC, NBC, Metcalf Entertainment Intelligence, UBS, CBS, Macquarie, Hulu
Read previewA nutritionist who eats as little ultra-processed food as possible and wrote a book on how others can do the same shared his go-to homemade protein shake recipe. The FDA recommends eating 50g of protein a day as part of a 2,000-calorie diet, and many people use protein bars and shakes to boost their intake. UK-based nutritionist Rob Hobson was among them, and used to eat protein bars in the office every day. Protein bars can also contain additives, as well as high quantities of salt and sugar. Hobson's homemade protein shake contains around 20g of protein and is made without ultra-processed protein powder.
Persons: , Rob Hobson, Hobson Organizations: Service, Business, FDA
Ultra-processed foods have been linked to a host of health issues, including cancer and diabetes. Nutritionist Rob Hobson shared three simple ways he's reduced UPFs in his diet as a busy person. AdvertisementFrom foods you might expect, like candy and frozen pizza, to those that we consider healthy choices, such as packaged whole-grain bread, ultra-processed foods are everywhere. Rob Hobson has tried to cut down on ultra-processed foods. "It might just be that you have to pick between two different ultra-processed foods.
Persons: Rob Hobson, , UPFs, Hobson, you'll, you've Organizations: Service, Getty, UPFs
Ultra-processed foods contain ingredients you wouldn't find at home — and they're everywhere. The reason processed foods are bad for our health is not yet fully understood, but the evidence that they are continues to grow. AdvertisementAs he delved deeper into the science, Hobson decided to reduce the amount of ultra-processed foods he ate as much as possible. Hobson shared three things that have helped him reduce his processed food intake with BI. AdvertisementSo Hobson cooks some of his meals in batches to make his diet low in premade foods more convenient.
Persons: Rob Hobson, , There's, Hobson, isn't Organizations: Service Locations: UPFs
Ms. Dettore and Mr. Grozier were each fined several hundred dollars, and she has since left Rankin County. After Mr. McAlpin arrested Mr. Loveday and accused him of consorting with drug dealers, he ordered him to leave town. Before he left Mississippi, Mr. Loveday said, he called Sheriff Bailey personally to warn him about his deputies’ behavior. He called Mr. Loveday a dirty cop and accused him of secretly recording the call. Then, Mr. Loveday said, “He hung up on me.”Jerry Mitchell , Ilyssa Daly , Eric Sagara and Irene Casado Sanchez contributed reporting.
Persons: Robert Grozier, Christian Dedmon, Dettore, Grozier, Hobson, Loveday, McAlpin, , Sheriff Bailey, Bailey, , ” Jerry Mitchell, Ilyssa Daly, Eric Sagara, Irene Casado Sanchez, Kitty Bennett Organizations: Big Local, Stanford University, Pulitzer Center Locations: Rankin County, Mississippi
After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.
Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha
Australia records driest October since 2002 due to El Nino
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
In its regular drought report, the Bureau of Meteorology said last month was Australia's driest October since 2002, with rainfall 65% below the 1961–1990 average. It said every part of Australia except the state of Victoria had below-average rainfall and Western Australia state -- by far the biggest grain-exporting region -- saw its driest October on record. After three years of plentiful rain, the El Nino weather phenomenon has brought hot and dry weather to Australia, with September the driest since records began in 1900. "Areas of (rainfall) deficiency have generally expanded and become more severe in south-west Western Australia, south-eastern Queensland, and parts of the Top End in the Northern Territory and far north Queensland. Its long range forecast predicts below-median rainfall through to at least January in northern, western and southern Australia.
Persons: Jill Gralow, Peter Hobson, Michael Perry Organizations: REUTERS, Meteorology, El, Thomson Locations: Moree, Australia, El Nino, Victoria, Western Australia, Queensland, Northern Territory, Tasmania
Overall, China's 2023 imports are likely to reach around 12 million tons, two Singapore-based traders said, topping 2022's record 9.96 million tons, and the avid buying is expected to continue into 2024. read moreBeijing has not provided a crop quality assessment. MORE TO COMEChina's January-September wheat imports jumped 53.6% to 10.17 million metric tons, customs data showed, including 6.4 million tons from Australia and 1.8 million tons from Canada. Chinese wheat purchases have stabilised global wheat prices, one of the Singapore traders said. Given lower output in Australia, traders and analysts said China is likely to import significantly higher volumes of French wheat in the coming months.
Persons: China's, Muyuan, Stefan Meyer, Ma Wenfeng, Price, Rosa Wang, Jeffrey McPike, Naveen Thukral, Dominique Patton, Peter Hobson, Gus Trompiz, Julie Ingwersen, Tony Munroe, Simon Cameron, Moore Organizations: Traders, Russia, Reuters, El, Beijing Orient, Shanghai JC Intelligence Co, U.S, WASDEA Commodities, Thomson Locations: China, SINGAPORE, BEIJING, Chicago, Singapore, Australia, Beijing, Sydney, StoneX, Canada, Indonesia, Japan, North America, U.S, Canberra, Paris
The two sides have been negotiating since 2018, with Australia eager to boost agricultural exports by removing EU tariffs and expanding quotas, and Europe likely to gain greater access to Australia's critical minerals industry. "I came to Osaka with the intention to finalise a free trade agreement," Farrell said in a statement. "Negotiations will continue, and I am hopeful that one day we will sign a deal that benefits both Australia and our European friends." Watt said it would be some time before the Australian government and EU leadership would be able to negotiate a deal because of upcoming elections in EU. The EU signed a trade deal with New Zealand last year that lowered tariffs for EU exports including clothing, chemicals and cars, and allowed more New Zealand beef lamb, butter and cheese into the EU.
Persons: Don Farrell, Valdis Dombrovskis, Farrell, Murray Watt, Watt, David Jochinke, Peter Hobson, Gerry Doyle Organizations: CANBERRA, EU, Australian Trade, Australia, ABC Radio, New Zealand, Farmers ' Federation, Thomson Locations: Australia, Europe, Osaka, EU, Australian, New Zealand, Canada, South America, Zealand
CANBERRA, Oct 23 (Reuters) - Australian farm industry groups on Monday called on the government to not sign a trade deal with the European Union unless it offered much greater market access for Australian agricultural products. Australia, one of the world's biggest exporters of farm goods from wheat and beef to wool and wine, has been negotiating a trade deal with the EU since 2018. "The message from Australian farmers is clear and united: if it's a dud deal, keep the signing pen in your pocket." Farrell said in a statement that he had made it clear that Australia wants a trade agreement with the EU, but not at any cost. While Australia wants access to EU markets for its farm output, much of which is now subject to tariffs and quotas, the EU is likely to gain simplified investment access to Australia's critical minerals industry.
Persons: Don Farrell, Farrell, Fiona Simson, Peter Hobson, Jamie Freed Organizations: CANBERRA, European Union, Trade, EU, National Farmers ' Federation, Livestock Australia, Australia, Reuters, Thomson Locations: Australia, Canberra, Osaka
China announced in November 2020 it would impose anti-dumping and countervailing duties of up to 218% on most Australian wine, causing trade to collapse. The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.
Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, Sam McKeith, Peter Hobson, Chizu Nomiyama, Sonali Paul Organizations: SYDNEY, Australian, Australia's, Huawei, Saturday, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Canberra, Australia
"Australia and China have agreed we will suspend the dispute on wine in the WTO pending the outcome of this review." The measures were part of a barrage of trade restrictions that China imposed after Australia called for an inquiry into the origins of COVID-19. Most of the trade restrictions have been lifted since a change of government in Canberra last year. Aside from wine, China maintains barriers on imports of lobsters and meat from some abattoirs. In 2019, Australia shipped wine worth around $800 million to China, its trade data show.
Persons: Anthony Albanese, Xi Jinping, Li Qiang, Albanese, Xi, Premier Li, " Albanese, Sam McKeith, Peter Hobson, Chizu Organizations: SYDNEY, Australian, Australia's, Trade Organization, China, Thomson Locations: China, Beijing, Shanghai, Australia, Canberra
Those shipments sometimes accounted for more than half of Chinese malting barley demand, depending on the year. "The return of Australian barley means everyone will be happier," said Miller Meng, brewmaster at Shanghai craft beer bar, The Brew. "Australian malt in the market return prices back on the right track," he said. But in the absence of Australian malting barley, many Chinese craft brewers turned to alternatives such as French or Canadian malt. That meant a perilous thinning of margins and the hope is that Australian imports will reverse this trend, craft brewers told Reuters.
Persons: Miller Meng, brewmaster, Trueman, Yang Zhenglong, Matthew Jimenez, Duvel, Casey, Dominique Patton, Peter Hobson, Edwina Gibbs Organizations: Canberra, EqualOcean International, Reuters, Casey Hall, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, Tianjin, Mongolia, Ukraine, Australian, Australia, Europe, Saudi Arabia, Beijing, Canberra
Harvesting machinery can be seen behind a wheat crop in a paddock located on the outskirts of the South Australian town of Jamestown, in Australia, December 1, 2017. Global warming is leading to hotter and more extreme weather in Australia, one of the world's largest exporters of agricultural products. "The latest analysis out of Treasury tells us that disasters and a warming climate have big, economy wide effects," Chalmers told an agricultural conference in Queensland dedicated to drought. "If further action isn't taken, Australian crop yields could be 4 per cent lower by 2063 – costing us about A$1.8 billion in GDP in today's dollars." ($1 = 1.5569 Australian dollars)Reporting by Peter Hobson; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, Jim Chalmers, Chalmers, Peter Hobson, Michael Perry Organizations: REUTERS, Thomson Locations: Jamestown, Australia, Queensland, decarbonisation
Commercial crops including almonds, apples and avocados are dependent on pollination by European honey bees, with huge numbers of hives moved during spring flowering to bring bees to plants. "The potential to eradicate is no longer possible ... We now need to work collaboratively to manage and minimise the impact of Varroa." Varroa is a reddish-brown mite around 1 mm in diameter that attaches itself to European and Asian honey bees and feeds on them, weakening them and killing colonies. The mite also carries viruses and has caused the collapse of honey bee populations around the world. Varroa does not target native Australian honey bees.
Persons: Peter Hobson, Miral Organizations: CANBERRA, National Management Group, New South, South, Thomson Locations: Australia, New South Wales, South Wales
Commercial crops including almonds, apples and avocados are dependent on pollination by European honey bees, with huge numbers of hives moved during spring flowering to bring bees to plants. "The potential to eradicate is no longer possible ... We now need to work collaboratively to manage and minimise the impact of Varroa." Varroa is a reddish-brown mite around 1 mm in diameter that attaches itself to European and Asian honey bees and feeds on them, weakening them and killing colonies. The mite also carries viruses and has caused the collapse of honey bee populations around the world. Varroa does not target native Australian honey bees.
Persons: Peter Hobson, Miral Fahmy Organizations: CANBERRA, National Management Group, New South, South Locations: Australia, New South Wales, South Wales
Former Starbucks CEO Howard Schultz testifies before the Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 29, 2023 in Washington, DC. Former Starbucks CEO Howard Schultz is stepping down from the coffee chain's board, the company said Wednesday. Schultz previously stepped down from Starbucks' board in June 2018 to prepare for a potential presidential run, before deciding against a bid. Zhang also previously held roles at News Corp China, CNBC China, Bain and General Electric. She is the third woman on Starbucks' nine-person board, which includes chair Mellody Hobson and Land O'Lakes CEO Beth Ford.
Persons: Howard Schultz, Schultz, Laxman Narasimhan, Kevin Johnson, Wei Zhang, Zhang, Alibaba, Bain, Ralph Lauren's, Mellody Hobson, Beth Ford Organizations: Starbucks, Health, Education, Labor, Washington , DC, CNBC, Alibaba Pictures, News Corp China, General, Land Locations: Dirksen, Washington ,, China, U.S, CNBC China
McCarty started a campaign called Quit Clicking Kids, aimed at stopping people using children on social media for monetary gain, in 2022. Child labor rights in the United States, from the factory to the internet: A timeline 1904 The National Child Labor Committee is founded, with the goal of ending all child labor. 1916 The first child labor bill – the Keating-Owen Act – is passed, which bans the interstate sale of any article produced with child labor and regulates the number of hours a child could work. In May 2023, the US Surgeon General’s office issued an advisory about social media and kids’ mental health. And for too many children, social media use is compromising their sleep and valuable in-person time with family and friends.
Persons: Chris McCarty, McCarty, Myka Stauffer, Stauffer, it’s, , Keating, Owen, Franklin Delano Roosevelt, Coogan, , Instagram, Carlotta Dotto, Lilit Marcus The Coogan, Jackie Coogan, aren’t, , Vivek Murthy, ” Stacey Steinberg, what’s, Steinberg, Yukari Schrickel, Mom Brooke Morrison, Parker, McKenzie, Morrison, ” Caz Makepeace, Craig, you’re, ’ ” Makepeace, Alex Winter, Machelle Hobson, Hobson, Makepeace, vlogging, Caz, they’re, “ We’ve Organizations: CNN, Morrisons, University of Washington, Child Labor, US, Labor, California, UN, Education, Trust, Facebook, National Archives, US Department of Labor, Actors, The Federal Trade Commission, New York Department of Labor, Washington State Legislature, Center, Children, University of Florida’s Levin College of Law, YouTube, Credit, Apple, Google Locations: New Orleans, Arizona, London, Dominican Republic, United States, New York, Illinois, California, , Australia
John Rogers' 40-year career at Ariel Investments is one marked by steady and stable performance, fueled by an eye for bargains in times of turmoil. The Ariel Fund that Rogers has managed since its inception in 1986 has racked up returns of almost 11% a year, according to Morningstar. Ariel managed $16.2 billion at the end of 2022. The Princeton grad is a value investor, who follows Warren Buffett's style of investing. He believes that value investing is making a comeback after growth stocks enjoyed a dominant decade during the last bull market.
Persons: John Rogers, Rogers, Morningstar, Ariel, Mellody Hobson, Warren Organizations: Ariel Investments, Ariel, Princeton, Garden Entertainment, Boyd Gaming Corp, Federal Reserve Locations: Chicago, Caribbean, Madison
Oppenheimer took the occasion to explain to Einstein that he was going to be absent from the Institute for some weeks. He was being forced to defend himself in Washington, D.C., during a secret hearing against charges that he was a security risk, and perhaps even disloyal. “He loved America,” said Verna Hobson, his secretary who was a witness to the conversation, “and this love was as deep as his love of science.”“Einstein doesn’t understand,” Oppenheimer told Ms. Hobson. But as Einstein walked back into his office he told his assistant, nodding in the direction of Oppenheimer, “There goes a narr [fool].”Einstein was right. Oppenheimer was foolishly subjecting himself to a kangaroo court in which he was soon stripped of his security clearance and publicly humiliated.
Persons: J, Robert Oppenheimer, Albert Einstein, Oppenheimer, Einstein, Oppenheimer “, ” Oppenheimer demurred, , , Verna Hobson, ” Oppenheimer, Hobson, ” Einstein, Oppenheimer’s Organizations: Institute for, Study, Institute, Washington , D.C, Atomic Energy Locations: Princeton, N.J, Germany, Washington ,, America
Why the US needs regional banks
  + stars: | 2023-05-14 | by ( Allison Morrow | ) edition.cnn.com   time to read: +5 min
But those mega-banks lack the dexterity and regional specialization that small businesses crave, which is partly why Corporate America and policy makers alike are worried about the continued turmoil among regional banks. In just two months, a spark of panic has turned into a conflagration that has put America’s regional banks on notice. All of those banks share a status in common as a “regional” or “sector-specific” lender. By definition, regional banks are more specialized and focused. Without raising the cap, Hockett argues, we risk letting the Wall Street banks gobble up their smaller competition when those regional lenders fail.
Banking turmoil means recession fears are creeping back
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +5 min
Here's what some closely watched market indicators say about recession risks:1/ CRUNCH TIME? Central bankers are closely monitoring the potential for banking stress, on top of lending conditions that were already tightening, to trigger a credit crunch. European Central Bank boss Christine Lagarde has also said the market turmoil may help fight inflation. Reuters Graphics3/ BANK STOCK ROUTWorld shares down just 0.1% in March and still sitting on gains this year seem to signal little recession risk, but worries are mounting under the surface. Global bank stocks, which had outperformed the MSCI World Stock Index before the turmoil, are down nearly 15% this month (.dMIWO0BK00PUS).
A quotation attributed to Harriet Tubman about having “freed a thousand slaves” resurfaced on social media around the anniversary of the abolitionist icon’s death, but experts told Reuters there is no record of Tubman ever saying it. The quotation, “I freed a thousand slaves; I could have freed a thousand more if only they knew they were slaves,” has been shared on Twitter (here) and Facebook (bit.ly/3yCgfdh), (bit.ly/3Fpgyfh) following the 110th anniversary of Tubman’s death on March 10, 1913. “She wouldn’t have to convince anyone.”According to Kate Clifford Larson, who has written two books about Tubman (www.katecliffordlarson.com/), the fabricated quote started circulating in the late 20th and early 21st centuries. Clifford Larson also noted that Tubman did not free a thousand slaves. There is no evidence that Harriet Tubman ever said she freed a thousand slaves and would have freed a thousand more if only they knew they were slaves.
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