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☆ Rex Chapman: Former NBA star is glad to ‘be on the other side’ of drug and gambling addiction
▼ + stars: | 2024-02-20 | by ( Wynn Westmoreland | ) edition.cnn.com time to read: +5 min

Rex Chapman arrives at the premiere of the second season of "Ted Lasso" on Thursday, July 15, 2021, at the Pacific Design Center. Kentucky Wildcats guard Rex Chapman (3) in action against the Iona Gaels at Rupp Arena in December 1986. He says the drug addiction was a gateway to a gambling addiction which cost him nearly all of the $40 million he earned during his career. [And that] once I was able to get clean, there were people willing to give me opportunities,” Chapman told CNN. “It’s Hard for Me to Live With Me” is published by Simon and Schuster and Rex Chapman can be heard weekly on his podcast “Owned” by Smartless Media.

Persons: Rex Chapman, Chapman, ”, CBS Sports ’ Seth Davis, Ted Lasso, Jordan Strauss, Dell Curry’s, Steph Curry, ’, Wayne –, –, Malcolm Emmons, King Rex, “, I’m, Phoenix Suns Rex Chapman, Los Angeles Lakers Kobe Bryant, Sam Mircovich, ” Chapman, aren’t, ” Simon, Schuster, he’s, Chapman’s, John Lucas, ‘, Simon Organizations: CNN, Former, “ Sports, Charlotte Hornet, Phoenix Suns, CBS Sports, Pacific Design Center, NBA, ABA, Kentucky Wildcats, Iona, Rupp Arena, University of Kentucky, Los Angeles Lakers Kobe, Smartless Media Locations: El Camino

The 65-minute musical film, which she self-financed, follows a hopeless romantic in search of love (Lopez) and the myriad ways she contends with repeated heartbreak, including visits to her therapist (played by Fat Joe) and sobbing through old romantic films. Photos You Should See View All 22 ImagesAP: It's been a decade since your last album. But this was really different because I hadn’t been inspired to really go into the studio and write a whole album for years. I did “Marry Me” a few years ago for the movie, but that was not a Jennifer Lopez album, not a J.Lo album. It’s made me doubt myself and really feel bad about myself at times.

Persons: Jennifer Lopez, Lopez, Fat Joe, Jane Fonda, Post Malone, Keke Palmer, Sofia Vergara, Ben Affleck, It's, LOPEZ, Nobody, I’ve, ” —, “, They’re, It’s, Ben, they’re, you’re Organizations: ANGELES, AP Locations: Orlando , Florida

☆ I was miserable in my 30s. Then I turned 50 and I've never been happier—here's the No. 1 reason why
▼ + stars: | 2024-02-08 | by ( Chip Conley | ) www.cnbc.com time to read: +3 min

Emotional intelligence, which is the capacity to understand and control our emotions, as well as being sensitive to others' feelings, nurtures our relationships and boosts our empathy. With higher emotional intelligence, you're also better equipped to grasp and empathize with the emotions of others, fostering deeper, more fulfilling relationships. Here's how my emotional intelligence has grown since I've gotten older:1. I feel more compassion for othersAs I age, I've softened ... and not just around my belly. I'm able to positively reappraise negative experiences, like getting stuck in traffic in an Uber (interpretation: great chance to meditate).

Persons: I've, Don Miguel Ruiz, Chip Conley, Joie, Conley Organizations: Development, Hospitality, Global Hospitality, Elder Locations: —

☆ Former Trump White House economic advisor lauds the US economy's performance under Biden: 'I was wrong'
▼ + stars: | 2024-02-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Trump's former White House economic advisor said that his predictions of a recession under Biden had been wrong. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump's White House economic advisor said the US economy was faring far better under President Joe Biden than he expected. Larry Kudlow said on Thursday that he had been wrong to predict an economic recession under the Democratic president. This story is available exclusively to Business Insider subscribers.

Persons: Biden, Larry Kudlow, Kudlow, —, Donald Trump's, Joe Biden Organizations: White, Service, Democratic, Fox Business, Business

☆ Pakistan accuses India of extrajudicial killings on its territory
▼ + stars: | 2024-01-26 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —A top Pakistan official on Thursday accused India of killing two Pakistani nationals on its soil, citing what he called “a pattern” of alleged Indian assassination plots overseas and raising tensions between the two nuclear-armed rivals. India has long accused Pakistan of harboring terrorists, particularly in the disputed and heavily militarized region of Kashmir, which both countries claim in its entirety. Qazi on Thursday compared the alleged killings in Pakistan to other purported recent Indian assassination plots in North America. India and many other countries have publicly warned Pakistan cautioning that it would be consumed by its own culture of terror and violence,” MEA spokesperson Randhir Jaiswal said. The Indian government has denied involvement in the American and Canadian cases and has set up a high-level committee to investigate the accusations in the US.

Persons: Muhammad Syrus Sajjad Qazi, Muhammad Riaz, Shahid Latif, ” Qazi, –, Qazi, “, Randhir Jaiswal, Justin Trudeau Organizations: CNN, Pakistan, India’s, External Affairs, Canadian, American Locations: Islamabad, Pakistan, Kashmir, Sialkot, New Delhi, India, North America, Canada, United States, American

☆ Major Mea Culpa From MLB
▼ + stars: | 2023-11-20 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Kyle Peterson, Mary O'Grady and Dan Henninger. Images: AP/AFP/Getty Images/Reuters/Zuma Press Composite: Mark KellyWill Rob Manfred apologize to the state of Georgia and its citizens? The commissioner of Major League Baseball announced Thursday that the annual All-Star Game will be held in Atlanta in 2025, two years after he moved the game from the city because of a controversial election law. Not the bulk of the law, the Election Integrity Act of 2021, which tightened up vote-by-mail and voter ID rules. Brian Kemp in 2018 but had refused in Donald Trump fashion to accept the result, also played the race card.

Persons: Kim Strassel, Kyle Peterson, Mary O'Grady, Dan Henninger, Mark Kelly Will Rob Manfred, What’s, Manfred, Biden, Jim Crow, ” Stacey Abrams, Brian Kemp, Donald Trump Organizations: Getty, Zuma, Major League Baseball, Democratic Party, Gov Locations: Georgia, Atlanta

☆ Cramer says investors selling Humana are creating an opportunity
▼ + stars: | 2023-11-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. But Jim Cramer said he would be a buyer of DD at current levels. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Estee Lauder, Fabrizio Freda, we're, Jim Cramer's Organizations: CNBC, Treasury, GE HealthCare, Club, DuPont, Wednesday Locations: U.S, China, Estee

With Trump sitting feet away, Trump’s one-time lawyer and fixer described how he manipulated Trump’s financial statements – “reverse-engineering” them to hit an arbitrary net worth. We’re not worried at all about his testimony,” Trump said during a lunch break. The tense questioning is going to continue into Wednesday, as Habba hadn’t even started on the substance of Cohen’s testimony in the civil fraud trial. In the July 2014 letter submitting a bid to buy the Bills, Trump claimed his net worth was $8 billion. Before Engoron’s ruling, the state attorneys and Trump’s lawyers clashed over Michael Cohen’s testimony about the letter.

Persons: CNN — Michael Cohen, Donald Trump, Trump, –, Cohen, Trump’s, he’d, Quickly, intently, “, ” “ It’s, We’re, ” Trump, “ Heck, ”, Allen Weisselberg, ” Cohen, Allen, Alina Habba, Chris Kise, Habba, ” Cohen sneered, ” Habba, ” Kise, hadn’t, “ Mr, you’re, ’ you’re, Michael Cohen, Eric Trump, Arthur Engoron, general’s, ” Engoron, overruling, Engoron’s, Michael Cohen’s, Kise, Mazars, Bill Kelly, Tom Emmer, Emmer, RINO Tom Emmer, he’s Organizations: CNN, Trump, Trump Organization, Mr, United Nations Plaza, Miss, New, Buffalo Bills, Bills, Minnesota GOP Locations: York, Seven Springs, New York, Washington ,

☆ Trump’s Loss of Loyalty
▼ + stars: | 2023-10-24 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

But for Trump, Ellis' plea was especially damaging, since it underscored the steady evaporation of something Trump has demanded from staff and associates since his days as a New York businessman: loyalty. "If I knew then what I know now, I would have declined to represent Donald Trump in these post-election challenges. The three former Trump lawyers who pleaded guilty in Georgia were facing some serious potential consequences, he noted, including not just time behind bars but the loss of their law licenses – and that may take priority over honoring Trump's demands for loyalty. "This is not about Donald Trump vs. Michael Cohen," Cohen said as he entered the New York courtroom. You saw Donald Trump try to walk away from Sidney Powell – despite documentary evidence that he had called her his lawyer.

Persons: Donald Trump, Jenna Ellis, Ellis, Trump, Sidney Powell, Kenneth Chesebro, “, ”, Powell, Chesebro, David Becker, Becker, Republicans –, –, Tom Emmer, Joe Biden, Jim Jordan of, Jordan, Emmer, Trump's, Team Trump, Michael Cohen, Cohen, ” “, it’s, ” Trump, Mark Meadows, Meadows, Jack Smith, Smith, Norman Eisen, Sidney Powell –, That’s, Bunny, Amy Lee Copeland, Rouse, Copeland, ” Copeland Organizations: Trump, Donald Trump View, Election Innovation, Research, D.C, Hill, Republicans, Team, New, ABC News, ABC Locations: Georgia, New York, Georgia’s Fulton County, New York City, Washington, Minnesota, Jim Jordan of Ohio, Meadows, Savannah , Georgia

☆ Trump attorney calls Micheal Cohen a liar in bizarre 'cross' fire: 'You're not on your podcast'
▼ + stars: | 2023-10-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

"You're not on your podcast," the lawyer, Alina Habba, snapped at Cohen at one point. "You're not on 'Mea Culpa,'" Habba continued, naming Cohen's podcast, which routinely targets Trump with vitriol. AdvertisementAdvertisement"No speeches," Engoron warned, noting that as a lawyer, Habba must ask questions, not make statements. But in that half hour, she called Cohen a liar and perjuror in multiple questions – "so you have lied under oath numerous times, Mr. On his way out of court for the day, Trump paused before the hallway news cameras and called Cohen a "disgraced felon."

Persons: Trump's, Michael Cohen, Alina Habba, Cohen, Trump, —, Donald Trump's, Mr, here's, Habba, Arthur Engoron, Engoron, –, Cohen's, Habba's, Christopher Kise, Kise, Colleen Faherty Organizations: Service, Trump Organization, Trump, New Locations: York, Manhattan, Moscow

☆ The New York Times walks back flawed Gaza hospital coverage, but other media outlets remain silent
▼ + stars: | 2023-10-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

On Monday, I contacted the major news organizations that amplified Hamas’ claims, which immediately assigned blame to Israel for the blast that it said had left hundreds dead. Those organizations included CNN, the Associated Press, Reuters, Al Jazeera, and The Wall Street Journal. Since the explosion, one week ago Tuesday, Israel and the U.S. have assessed that the rocket originated in Gaza, not Israel. A CNN spokesperson declined to comment specifically on the online story when reached Monday. (I should note that Grueskin didn’t believe that The Times’ note went far enough, questioning, among other things, why it took almost a week to issue its mea culpa.)

Persons: hasn’t, spokespeople, Al Jazeera, Israel, ”, ’, “, Gray Lady, Bill Grueskin, can’t, ” Grueskin, Grueskin Organizations: CNN, New York Times, BBC, Associated Press, Reuters, Street, U.S, AP, Al, ” CNN, The Times, Times, Columbia Journalism School Locations: Gaza, Israel, Al Jazeera, British, Israeli

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Deutsche Bank AG FollowFRANKFURT, Oct 23 (Reuters) - Customers of two Deutsche Bank (DBKGn.DE) units have lodged a surge in complaints with Germany's consumer protection agency, the advocacy group said on Monday, as the banking giant scrambles to make good with aggravated clients. The VZBZ consumer group said it had registered about 1,700 complaints by customers of Deutsche's Postbank arm and its mortgage division in the year through September. The consumer group had already reported complaints of Postbank customers not having access to their funds for weeks and direct debits getting rejected, jeopardising their credit scores. BaFin got nearly 10,000 complaints about Postbank by early September, a person with direct knowledge of the matter said.

Persons: Yves Herman, VZBZ, Ramona Pop, BaFin, Sewing, Tom Sims, Rod Nickel Organizations: Deutsche Bank, REUTERS, Companies Deutsche Bank, FRANKFURT, Deutsche, Thomson Locations: Brussels, Belgium, Germany's, Postbank

☆ Lebanon-Israel border clashes escalate, 5 Hezbollah fighters killed
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

JERUSALEM/BEIRUT, Oct 17 (Reuters) - Violence escalated on the Lebanese-Israeli border on Tuesday with five fighters from Lebanon's heavily armed Hezbollah group killed during operations against Israel, security sources in Lebanon said. Hezbollah confirmed that five of its fighters had been killed but it was not immediately clear if any of them were the same ones referred to by Israel. The al-Manar television channel run by Hezbollah reported "fierce Israeli shelling" on Lebanese territory across the frontier from Metula. It said no Israeli army personnel had been injured. "Lebanon should be asking themselves if they want to risk their future for Hamas," Israeli Lieutenant Colonel Richard Hecht said.

Persons: Israel, Abdallah Bou Habib, Hakan Fidan, Richard Hecht, they'll, Hecht, Henriette Chacar, Edmund Blair, Mark Heinrich Our Organizations: Lebanese, Hezbollah, Islamic, Canada, East Airlines, Turkish, Hamas, Thomson Locations: JERUSALEM, BEIRUT, Israel, Lebanon, Iran, Gaza, Palestinian, Metula, Turkey, Beirut, Jerusalem

☆ DraftKings apologizes for 9/11-themed ‘Never Forget’ parlay bet
▼ + stars: | 2023-09-11 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —DraftKings issued an apology Monday after offering a 9/11-themed bet in its app. “Bet on these New York teams to win tonight on 9/11,” the offering read. A parlay bet combines multiple wagers into one single bet. DraftKings offered a mea culpa for its decision to provide a 9/11-themed bet, saying the company respects the “significance of this day.”“We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11. DraftKings is not the first US company to spark backlash after offering a 9/11-themed social media post or marketing gimmick.

Persons: CNN — DraftKings, ”, “, DraftKings, ” “, ” DraftKings, Mike Bonano Organizations: CNN, New York Mets, New York Yankees, New York Jets, Twitter, New York, Walmart, World Trade, New Locations: Florida, San Antonio, New York

☆ Economist David Rosenberg says a recession will hit in 6 months. Here are his 7 best quotes from a new interview.
▼ + stars: | 2023-09-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Top economist David Rosenberg expects a US recession to hit within 6 months. The Fed's 11 interest rate hikes amount to one of the most aggressive tightening campaigns ever, and to the economist, that doesn't bode well for the coming months. "We've had the biggest interest rate shock since 1981, if I'm not mistaken. "Most of these recessions [since World War II] were not caused by a fiscal shock, but interest rate shocks. "We've had a massive interest rate shock, we haven't seen the full impact yet.

Persons: David Rosenberg, Blockworks, Blockwork's Jack Farley, doesn't bode, We've, I'm, impact's, we're, it's Organizations: Morning, Rosenberg Research, Associates, Fed Locations: China, Federal, happenstance

☆ Despite Cheating Fears, Schools Repeal ChatGPT Bans
▼ + stars: | 2023-08-24 | by ( Natasha Singer | More About Natasha Singer | ) www.nytimes.com time to read: +1 min

“Students who depend on district devices and connectivity are restricted.”In May, New York City schools issued a public mea culpa, saying the district had acted too hastily and would unblock ChatGPT. This week, Mr. Carvalho said that Los Angeles schools were also working on a more permissive policy. As schools reopen for fall, educators and district leaders are wrestling with complex questions posed by the A.I. tools: What should writing assignments look like in an era when students can simply employ chatbots to generate prose for them? Some districts like Newark Public Schools are trying out specialized chatbots specifically designed for student tutoring.

Persons: OpenAI, Bard, ” Alberto M, Carvalho Organizations: “, Los Angeles Unified School District, Los, Newark Public Schools Locations: San Francisco, New York City, Los Angeles, Milwaukee, Newark

Parents are able to sit and observe their children play with the cats through a glass partition as they sip their coffee. "The idea came from my childhood passion for cats since and I wanted to pass it on to people," said Mea'bed. The cafe is home mainly to Persian cats, but also Turkish angora and hybrid felines. For Hala Abu Maghaseeb, 14, who has so far not convinced her parents to get her a pet cat, the cafe was a pleasant and welcome surprise during her summer school break. Some Gazans were less impressed, arguing on social media that most residents were too impoverished to welcome such a project.

Persons: Naeema Mea'bed, Hala Abu Maghaseeb, Rewa Abdel, Hadi, Nidal al, Bernadette Baum Organizations: Thomson Locations: GAZA, Gaza, Turkish, Rewa

For investors who had expected more economic strife, sticking to those calls has become increasingly difficult. "It's going to take longer for rates to rally," said John Madziyire, senior portfolio manager and head of U.S. Treasuries and TIPS at Vanguard Fixed Income Group. "Recession or no recession, we think the probability of higher-for-longer interest rates is far greater than the likelihood of near-term cuts," credit investment firm Oaktree Capital said in a recent note. A re-acceleration in inflation could lead to higher rates than the market has priced in. Some are navigating the uncertainty by combining exposure to higher-yielding short term bonds with long-term bonds in case of a downturn.

Persons: –, Felipe Villarroel, John Madziyire, Oaktree Capital, Danielle Poli, Anthony Woodside, Woodside, Stephen Dover, Chip Hughey, Davide Barbuscia, Richard Chang Organizations: Bond, Federal Reserve, TwentyFour Asset Management, Bank of, Fitch's U.S, Treasury, Oaktree, Fund, Reuters, U.S, Franklin Templeton Investment Solutions, Truist Advisory Services, Vanguard, Thomson Locations: U.S, Oaktree

☆ A Rare Justice Department Mea Culpa
▼ + stars: | 2023-08-05 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

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/justice-department-pcaob-kpmg-fraud-david-middendorf-jeffrey-wada-c27e6cb

Persons: Dow Jones, middendorf, jeffrey, wada Organizations: pcaob, kpmg

LONDON, Aug 2 (Reuters) - The economic picture may not have to change much for the surprise element to disappear for markets - underlining the significance of this summer's sometimes grudging admissions of investment strategy missteps. SURPRISE, SURPRISEExceptional U.S. economic surprisesU.S. surprise gaps the widest in decades, excluding pandemicAlong with market moves themselves and skewed positioning monitors, the simplest take on the unpreparedness of investors can be seen in economic surprise indices. The global surprise index is close to zero, suggesting expectations for the world economy in aggregate are actually coming in on cue. And if that happens, it may just suck the oxygen from the stellar equity outperformance over bonds to date. If true, markets may find the going harder without that element of surprise.

Persons: What's, Schroders, Johanna Kyrklund, hasn't, Kyrklund, Chris Iggo, Mike Dolan Organizations: Federal, Nasdaq, Japan's Nikkei, U.S, Graphics, AXA IM Investment, Reuters, Twitter, Thomson Locations: Europe, Japan, China, U.S

LONDON, July 26 (Reuters) - Even as fears of a 2023 U.S. recession recede and stock market bears concede defeat, there's scant sign of party mode. After wild swings of output, prices, employment, liquidity and interest rates, firm convictions about the precise onset of "technical" recessions - or even previously reliable gauges of bull and bear markets - have all become a bit suspect. Whether on a domestic or global scale, aggregate views of the economy, or stock market, right now are likely misleading. A bull to bear market and back again in little over 18 months - or so it seems. SP 500 2023 YTD THROUGH JULY 21BLUNTEDChief among the puzzles is the variable impact of sharply higher interest rates on both households and firms.

Persons: Morgan Stanley's, Mike Wilson, Wilson, Morgan Stanley, Andrew Lapthorne, Russell, Mike Dolan Organizations: Reuters Graphics, Barclays, International Monetary Fund, Tuesday, eventual, San Francisco Federal Reserve, Generale, Fed, Reuters, Twitter, Thomson Locations: U.S, midyear

His travel extended well outside of traditional hot spots for a primary campaign, including events in Wisconsin and Oklahoma. Now, DeSantis’ political operation says it is embracing his position as an underdog. But that leaves questions about one of the largest expenses on DeSantis’ first quarter fundraising reports: private travel. DeSantis’ campaign has paid nearly half a million dollars in travel expenses to a company that didn’t exist until two days before he launched his White House bid. In guidance to some donors and supporters, the campaign foreshadowed that they expect these interactions to show DeSantis’ “fiery” side.

Persons: Ron DeSantis, DeSantis, Donald Trump, ’, Generra Peck, pollster Ryan Tyson, Sam Cooper, Ethan Eilon, Nick Iarossi, ”, ” Iarossi, Peck, “, Adam Putnam, Trump, it’s, ” Iarossi siad, Elon, N2024D, Scott Wagner, Andrew Romeo, Bud Light, Dylan Mulvaney, Fox, Laura Ingraham, Don’t, ” Ingraham, Bud, “ They’re Organizations: CNN, Florida Gov, White, Trump, ”, N2024D, Tesla, New York Times, Republican, Fox, Disney, State Board of Education Locations: Florida, Utah, Park City, Tallahassee, Wisconsin, Oklahoma, Georgia, jetset, Miami, South Carolina

☆ Trump would send his 'good-looking' daughter Ivanka to business deals because he thought 'all men want to sleep with her,' Michael Cohen claims
▼ + stars: | 2023-07-09 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Donald Trump used to send Ivanka to business deals because of her good looks, Michael Cohen claims. Cohen, who spent over a decade working for Trump, also discussed the dynamics between the Trump siblings in the podcast episode. Former President Donald Trump heads out of the East Palestine Fire Department next to his son, Donald Trump, Jr., as he visits the area in the aftermath of the Norfolk Southern train derailment Feb. 3 in East Palestine, Ohio, Wednesday, Feb. 22, 2023. AP Photo/Matt FreedCohen said he believed that Donald Jr. "innately is the brightest of the three children" but that he is a "fuck-up." As Trump's personal attorney, Cohen spent years handling various legal matters and business transactions on his boss's behalf.

Persons: Donald Trump, Michael Cohen, Trump, Donald Trump's, Ivanka, Donald, he'd, Cohen, Donald Jr, Donald Trump , Jr, Matt Freed Cohen Organizations: Service, Trump, Palestine Fire Department, Norfolk Southern, AP Locations: Wall, Silicon, Norfolk, East Palestine , Ohio

☆ Inflation blame game: UK economic woes set government and central bank on a collision course
▼ + stars: | 2023-07-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.

Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British

☆ Opinion | Biden Is Trying to Co-opt Trump’s Biggest Strength
▼ + stars: | 2023-07-02 | by ( Ezra Klein | ) www.nytimes.com time to read: +3 min

“Frankly, our domestic economic policies also failed to fully account for the consequences of our international economic policies,” he said. All these factories and battery plants and electric-vehicle charging stations and auto manufacturing facilities give Biden his strongest line against Trump. On my watch, it’s grown nearly 100 percent in two years.”Biden made a point of saying that in the economy he’s building, “we don’t need everyone to have a four-year degree. It’s great if you can get one; we’re trying to make it easier for you to get one. But you don’t need it to get a good-paying job anymore.”

Persons: Jake Sullivan, Hillary Clinton, Barack Obama, Sullivan, ”, “, “ That’s, Jared Bernstein, ” Bernstein, Biden, Trump, ” Biden Organizations: Brookings Institution, Democrat, Biden’s, Economic Advisers, Rocky Mountain Institute, Biden, Trump Locations: Washington, Chicago, America, Manhattan, San Francisco

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