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Sen. Joe Manchin, the West Virginia Democrat who often bucked party leadership and flirted recently with leaving the party altogether, announced he would not seek reelection on Thursday in a blow to Democrats’ chances of retaining the seat. “After months of deliberation and long conversations with my family, I believe in my heart of hearts that I’ve accomplished what I set out to do for West Virginia,” Manchin said in a video statement posted on social media. “I have made one of the toughest decisions of my life and decided that I will not be running for reelection to the United States Senate.”Manchin, 76, was first elected to the Senate in 2010, after serving as the governor of West Virginia. He faced tough reelection prospects next year in the deep red state that had led many to question whether he would bow out of the race. And recent teasing about leaving the party or launching a third-party bid for the presidency added to the intrigue.

Persons: Sen, Joe Manchin, ’, ” Manchin, Manchin, ”, Joe Biden’s Organizations: West Virginia Democrat, United States Senate, Senate Locations: “, West Virginia, New Hampshire, Washington, America

☆ Opinion | I’ve Been Under Bombardment. There Must Be a Cease-Fire in Gaza.
▼ + stars: | 2023-10-30 | by ( Megan K. Stack | ) www.nytimes.com time to read: +8 min

I’ve watched U.S. warplanes attack Afghanistan; barely escaped a direct strike from a Russian MiG in Georgia, and lived for weeks under relentless Israeli bombardment in Lebanon. Israel has so far killed more than 8,000 people, the Gaza Health Ministry said, more than 40 percent of them children. But having spent time under bombardment, and having reported in Gaza, I have no time for these explanations. If we are to believe the Israeli political and military leadership’s own words — and I think we should — the assault on Gaza was driven, first, by straightforward vengeance. We could find out with a cease-fire, but they say we can’t ask for a cease-fire.

Persons: I’ve, keening, Biden, Benjamin Netanyahu, Israel, “, Maj, Ghassan, ”, Ron Derner, Yoav Gallant, You’re Organizations: U.S, Gaza Health Ministry, Hamas, Israeli Defense Forces, ”, Israel Locations: Afghanistan, Russian, Georgia, Lebanon, Gaza, Israel, United States, America, Jerusalem

☆ Opinion | Turmoil Over Student Support for Hamas
▼ + stars: | 2023-10-20 | by ( ) www.nytimes.com time to read: +4 min

To the Editor:Re “Student Letter Hits Fault Line in Free Speech” (front page, Oct. 19):The unequivocal support for Hamas by some students at elite colleges is irksome and puzzling. These bright young students claim to value tolerance and inclusion while objecting to capital punishment. Carla S. SchickOakland, Calif.To the Editor:It strikes me that the students at Harvard who complain about being “doxxed” misunderstand the concept of free speech. Free speech means that you are free to say whatever is on your mind “free” of government restrictions. If you say mean things, they likely will think you mean.

Persons: don’t, Adam M, Shaw Baltimore, I’ve, ”, Bill Ackman, Jonah S, Berger, Carla S, Schick, Sanford H, Margolin, Sidney Powell Organizations: Harvard, Stanford, Berger Pittsburgh Locations: Columbia, Gaza, Israel, Palestine, U.S, Schick Oakland, Calif

☆ UPenn in crisis over antisemitism allegations: Jon Huntsman is the latest donor to stop giving, and a board member resigns
▼ + stars: | 2023-10-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Former US Ambassador Jon Huntsman blasted the University of Pennsylvania’s response to antisemitism and is promising to halt his family’s donations to the prestigious university. The strong criticism from Huntsman, a 1987 graduate and former UPenn trustee, comes amid a growing backlash from donors and trustees. The Huntsman family has been such prominent supporters of UPenn that the Huntsman name is on the main Wharton School building. The controversy began last month when a multiday event took place on campus at UPenn called the Palestine Writes Literature Festival. Magill, UPenn’s president, is trying to quell the backlash and conceded the response to the Palestine Writes Literature Festival was inadequate.

Persons: Jon Huntsman, Huntsman, UPenn, Marc Rowan, Liz Magill, ” Huntsman, Magill, ”, leadership’s, “, Vahan Gureghian, ” Gureghian, ” Magill, ” Scott Bok, ” Bok Organizations: New, New York CNN, Former, University of, Wharton School, CNN, Daily, . Huntsman, Huntsman Foundation, Penn, UPenn’s, “, University Locations: New York, UPenn, Israel, Utah, China, Singapore, Russia, Penn

☆ Billionaire CEO demands UPenn leaders quit and donations halt over alleged failure to address antisemitism on campus
▼ + stars: | 2023-10-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —Wall Street CEO Marc Rowan is calling for the leaders of the University of Pennsylvania to resign and donors to close their checkbooks over an alleged failure to condemn antisemitism and hate. Words of hate and violence must be met with clear, reasoned condemnation, rooted in morality from those in positions of authority,” Rowan wrote. Rowan, whose fortune is estimated by Forbes to be nearly $6 billion, is one of the university’s wealthiest donors and supporters. But the billionaire CEO argues UPenn leaders failed to condemn the “hate-filled” Palestine Writes Literature Festival, a multi-day event that took place at the university’s campus last month. “We unequivocally – and emphatically – condemn antisemitism as antithetical to our institutional values,” the UPenn leaders wrote.

Persons: Marc Rowan, Rowan, UPenn, ” Rowan, ”, Elizabeth Magill, John Jackson , Jr, “, ‘, Scott Bok, Magill, Bok, Julie Platt, Penn, ” Platt, ” Bok, “ Mr, ’, Jackson, Jr, Steven Fluharty, Rowan’s UPenn, Bill Ackman, Israel Organizations: New, New York CNN, Wall, University of Pennsylvania, Apollo Global Management, Forbes, Wharton School, Ivy League, Penn, Hamas, University, Penn’s, Trustees, Greenhill & Co, Penn’s Board, School of Arts & Sciences, Daily, CNBC, Harvard University Locations: New York, Israel, Palestine, UPenn

☆ UAW expands strike, hitting Ford’s largest factory
▼ + stars: | 2023-10-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

CNN —The United Auto Workers union surprised Ford with a major escalation of its strike, ordering workers off the job at the company’s largest plant. “We have been crystal clear, and we have waited long enough, but Ford has not gotten the message,” said UAW President Shawn Fain. He said that the union wanted a different offer from Ford from what it had presented before. The UAW has been on strike against not only Ford, but also General Motors and Stellantis, since September 15. By hitting the Kentucky Truck Plant, the union is going after a much more profitable part of Ford’s line-up.

Persons: Ford, ”, Shawn Fain, “, Fain Organizations: CNN, United Auto Workers, Kentucky, Ford, UAW, Motors, Ford Expedition, Lincoln, Chicago Assembly, Lincoln Aviator, GM Locations: Wayne Michigan, Chicago

☆ McCarthy’s Centrist Path Out of a Government Shutdown
▼ + stars: | 2023-09-29 | by ( Kaia Hubbard | ) www.usnews.com time to read: +9 min

But with a funding bill seemingly out of reach, all signs suggest that those entrenched positions will result in a long and painful government shutdown. And it may be enough to arouse a dormant group of centrists whose own interests favor a functional legislative branch. And adding to McCarthy’s bind is the pledge that conservatives will call for his ouster should he work with Democrats to avoid a shutdown. Moderate Republicans, flanked by House Democrats, seize upon the moment. Meanwhile, another possible path, however unlikely, appears open to willing Democrats and centrist Republicans.

Persons: It’s, Kevin McCarthy – beholden, naysayers, McCarthy, ”, John Pitney Jr, Kevin McCarthy, ” McCarthy, won’t, –, Matt Glassman, ” Glassman, “ MAGA, they’ve, Marjorie Taylor Greene, Hakeem Jeffries, appropriators, rousers, Karen Hult, “ Organizations: White, Democrats, Republicans, GOP, Claremont McKenna College, Caucus, Democrat, Republican, Senate Democrats, Moderate, House Democrats, Government Affairs Institute, Georgetown University, House Republican, Democratic, Senate, Virginia Tech, Freedom Caucus

☆ Opinion | What Republicans Say (and Don’t Say) About the Auto Workers’ Strike
▼ + stars: | 2023-09-23 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +3 min

But beyond the presidential contenders, there were also the ostensibly populist Republicans who have placed workers at the center of their case. They haven’t even blamed management for the strike, despite the fact that the U.A.W. And they haven’t voiced support for the largest, most ambitious organizing goal of the U.A.W. As (my former editor and colleague) Harold Meyerson notes in a piece for The American Prospect:The long-term future of the U.A.W. foreign-owned auto factories that are spread across the South, also falls well short of the levels that U.A.W.

Persons: “, Joe Biden’s, Josh Hawley, J.D, Vance, Ohio, Marco Rubio, Harold Meyerson, ”, Elon Organizations: Republicans, GM, Ford Locations: China, Missouri, Florida, Stellantis

☆ Changes Bring Friction, and Lawsuits, to Florida College Targeted by DeSantis
▼ + stars: | 2023-09-22 | by ( Patricia Mazzei | More About Patricia Mazzei | ) www.nytimes.com time to read: +2 min

More than 200 students have been moved from on-campus dorms to off-campus hotels to make room for the recruited athletes and other new students. The U.S. Department of Education is investigating a complaint that New College, in its new iteration, discriminated based on disability. State lawmakers sent about $50 million to the school this year, a big jump from recent years. “What was really missing more than anything else at New College was leadership,” Mr. Corcoran, a former Florida House speaker and state education commissioner, said in an interview. “We’ve been able to do something that wasn’t accomplished in 63 years at the college, and that was grow enrollment.

Persons: Richard Corcoran, ” Mr, Corcoran, “ We’ve, “, ” Organizations: U.S . Department of Education, New College, L.G.B.T.Q, Florida House Locations: Florida

“Threats don’t matter, and sometimes people do those things because of personal things and that’s all fine,” McCarthy told reporters. “Whether or not McCarthy faces a motion to vacate is within his own hands. Alex Wong/Getty ImagesMcCarthy-Gaetz showdown takes center stage againThis is not the first time that McCarthy and Gaetz have squared off. As part of his deal to become speaker, McCarthy gave any single member the power to call for a floor vote on removing him. But after McCarthy cut a deal with Democrats to raise the debt ceiling this summer, the trust and communication between Gaetz and McCarthy broke down – and the rhetoric has gotten personal.

Persons: Kevin McCarthy, don’t, –, McCarthy, ”, ” McCarthy, “, I’ll, “ I’m, Matt Gaetz, Joe Biden, Gaetz, Eli Crane of, Dan Bishop of, Bob Good, Matt Rosendale, Ralph Norman of, Chip Roy, McCarthy’s speakership, “ We’ve, ” Good, Hakeem Jeffries, Gerry Connolly, Alex Wong, Don Bacon of Nebraska, Jim Jordan, Jordan, ” Jordan, Dusty Johnson, ” Johnson, he’s, Tim Burchett, Tony Soprano, Hunter Biden, Matt, I’m, ” Gaetz, Ken Buck, Ken Buck of Colorado, Norman, Andy Biggs, Marjorie Taylor Greene, Anna Moneymaker, wouldn’t, McCarthy’s, Roy, ” Greene, Greene, didn’t Organizations: CNN, ”, GOP, Caucus, Democrat, Republican Conference, Republican, Virginia Democrat, Florida Republican, U.S, Capitol, Biden, Ohio Republican, Tennessee Republican, McCarthy As, Senate, Freedom Caucus, Main, Democratic Locations: Florida, Eli Crane of Arizona, Dan Bishop of North Carolina, Virginia, Matt Rosendale of Montana, Ralph Norman of South Carolina, Texas, Washington , DC, McCarthy’s, Ohio, South Dakota, Gaetz, Ken Buck of, Arizona, Georgia, ”, Marjorie Taylor Greene of Georgia

The plane that listed Mr. Prigozhin as a passenger left Moscow’s Sheremetyevo airport on Wednesday at about 6 p.m. local time, bound for St. Petersburg. The paint and a partial registration number, RA-02795, visible on the aircraft match a jet that Mr. Prigozhin is known to use. Was Mr. Prigozhin killed? American officials said they could not confirm Mr. Prigozhin had been killed in the plane crash, or why the jet went down. Emerging from jail as the Soviet Union was collapsing, Mr. Prigozhin began his post-criminal career selling hot dogs on street corners in St. Petersburg, Russia.

Persons: Yevgeny V, Russian Wagner, Prigozhin, Prighozin, Dmitri Utkin, Wagner, Vladimir V, Putin, Mr, ”, Prighozhin, Putin’s Organizations: RIA Novosti, Embraer, Russian, Kremlin, Central African Locations: Russian, Moscow, Sheremetyevo, St . Petersburg, Kuzhenkino, Tver, Western, Kremlin, Russia, South Africa, Ukraine, Soviet Union, Bakhmut, Syria, Libya, Mali, Central African Republic, Belarus

☆ UPS contract: Teamsters union vote may bring threat of strike
▼ + stars: | 2023-08-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —On Tuesday, the Teamsters union will announce if their 340,000 members at UPS have ratified a new contract or if they rejected it, reviving the risk of a crippling nationwide strike. The company is calling it a win for the union members, for the company and for its customers. While rank and file at UPS voted down a deal five years ago, a majority did not participate in that ratification process. There are numerous examples in recent years of rank-and-file union members voting down deals recommended by their leadership and sometimes forcing a strike. What’s in the dealThe UPS deal being voted on does give the Teamsters union some of its key bargaining goals.

Persons: Stellantis, Sean O’Brien, ”, “, Jennifer Hancock, Hancock won’t Organizations: New, New York CNN, Teamsters, UPS, Hollywood, General Motors, Ford, FedEx Locations: New York, Richmond , Virginia

☆ China unveils sweeping foreign policy law as Xi consolidates power — and aims to counter the US
▼ + stars: | 2023-06-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —China has unveiled a sweeping foreign relations law enshrining its right to impose “countermeasures” against actions that it deems a threat – in Beijing’s latest bid to bolster its position amid strained relations with the West. “This is the first comprehensive foreign relations law … but it (reads) more like Xi Jinping’s foreign policy declaration,” Zhao said, adding that its release comes at a moment when Xi is focused on countering what it sees as US efforts to contain China. “The party, not the government, runs China’s foreign relations. The law also includes China’s pledge to promote “high-level opening-up” of its economy, development of foreign trade and and encouraging and legally protecting foreign investment. In recent months, a campaign against consulting and due diligence firms has unnerved foreign businesses in China.

Persons: enshrining, Antony Blinken, Jinping, –, Zhao Leji, “, Xi, Washington, Lockheed Martin, Suisheng Zhao, University of Denver’s Josef, ” Zhao, ”, China’s, Sung, Li Qiang, Zhao Organizations: Hong Kong CNN, West, Global Times, Lockheed, Raytheon, Communist Party, Center for, Cooperation, University of Denver’s, University of Denver’s Josef Korbel School of International Studies, Australian National University’s Taiwan Studies Locations: Hong Kong, China, Beijing’s, Beijing, China’s, United States, Ukraine, Taiwan, Center for China, Tianjin, Europe, Denver

CNN —Russian President Vladimir Putin is facing the greatest threat to his authority in two decades after Yevgeny Prigozhin, the head of the Wagner paramilitary group and Putin’s former ally, launched an apparent insurrection. Prigozhin has been highly critical of Russia’s military leadership and their handling of the war in Ukraine, but he had always stopped short of criticizing Putin directly. Wagner group also claimed to have seized Russian facilities in a second city, Voronezh, some 600 kilometers (372 miles) to the north of Rostov-on-Don. Alexander Gusev, the governor of the Voronezh region, said the Russian military was engaging in “combat measures” in the area. Stunning escalationSaturday’s dramatic events come off the back of Prigozhin’s very public and months-long feud with Russia’s military leadership.

Persons: Vladimir Putin, Yevgeny Prigozhin, Wagner, Sergei Shoigu, Valery Gerasimov, Prigozhin, Putin, ” Putin, Igor Artamonov, Sergei Sobyanin, Recep Tayyip Erdoğan, “, ”, Don “, ” “, ” Prigozhin, Rostov, Don, Alexander Gusev, Shoigu, –, Gen, Vladimir Alekseev, Sergei Naryshkin, Naryshkin, Ramzan Kadyrov, Vladimir Rogov, Rogov saif, ” Wagner, Stringer, Dmytro Kuleba, Serhii Cherevatyi Organizations: CNN, Prigozhin, Moscow, Terrorism, Security, Russian, RIA Novosti, Kremlin, Russian Southern Military Headquarters, Ministry of Defense, Russian Ministry of Defense, Foreign Intelligence Service, Russian Historical Society, Telegram, Southern Military District, Reuters, Russian Foreign, European Union, US State Department, Britain’s Ministry of Defense, Russian National Guard, Ukrainian, Twitter, Ukrainian Armed Forces Locations: Moscow, Ukraine, Russian, Rostov, Voronezh, Lipetsk, Russia, St . Petersburg, Belarus, Uzbekistan, Kazakhstan, Turkey, Prigozhin’s, Prigozhin, Don, Canada, France, Germany, Italy, Japan, EU

☆ Embattled CNN chief apologizes to staff after embarrassing profile, vows to ‘fight like hell’ to win back trust
▼ + stars: | 2023-06-05 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Chris Licht started CNN’s daily network editorial meeting on Monday by directly addressing the elephant in the room. “I want to say that I’ve spent the weekend doing a lot of thinking,” Licht told staffers, many of whom had dialed into the meeting specifically to hear from their embattled chief executive. Employees had not heard from Licht since The Atlantic’s Tim Alberta on Friday published a blistering 15,000-word profile on him. He said that he would “fight like hell” to win over the trust of the 3,500-person news organization he leads. In the immediate future, I’m told, Leavy is counseling Licht and CNN leadership’s primary goal is to stabilize the ship.

Persons: Chris Licht, I’ve, ” Licht, Licht, Tim Alberta, Donald Trump, ”, They’ve, David Leavy, David Zaslav, Zaslav, I’m, wouldn’t, WBD, Leavy Organizations: CNN, Employees, Hudson, Warner Bros, “, North Star

☆ Increasing Law Department Diversity
▼ + stars: | 2023-05-01 | by ( Michelle Graham | Practical Law | ) www.reuters.com time to read: +17 min

Create a law department DEI committee consisting of diverse law department employees to:evaluate the law department’s DEI status; develop a plan and a budget to increase or maintain law department diversity; and monitor and promote the success of the law department’s DEI initiatives. Incentivize law department employees to refer diverse candidates for job openings by paying them a referral bonus if the law department hires those candidates. Retaining Diverse Law Department EmployeesWhile recruiting and hiring diverse employees for the law department requires continuous effort, retaining them once hired presents another challenge. Discuss initiatives the law department has taken to increase and maintain DEI in the law department, such as creating a DEI hiring committee. (For more on how law departments can improve DEI at their outside law firms, see Increasing Law Firm Diversity and Increasing Law Firm Diversity: Presentation Materials on Practical Law; for general guidance on working with outside counsel, see Working Effectively with Outside Counsel Checklist on Practical Law.)

☆ Can the U.S. See the Truth About China?
▼ + stars: | 2023-03-27 | by ( David Marchese | ) www.nytimes.com time to read: +14 min

Photo illustration by Bráulio Amado Talk Can the U.S. See the Truth About China? To see China solely as trying to displace the United States is only going to stoke more fears. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. And then also, the United States thinks that China wants to displace it. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China.

☆ China zero-Covid: Local governments reveal billions spent on fighting the pandemic
▼ + stars: | 2023-01-16 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Last week, local governments across China began to convene for annual legislative sessions laying out their respective policy goals for the year. Economists estimated the entire year’s deficit could hit a record 10 trillion yuan ($1.4 trillion) in 2022. Beijing, the nation’s capital, said Sunday that it had spent nearly 30 billion yuan ($4.5 billion) last year on preventing and controlling Covid. The city didn’t reveal its 2021 Covid spending. During the past three years, the bills amounted to 30.5 billion yuan ($4.6 billion.)

☆ Purdue’s 1st Asian American president takes office weeks after school official mocks Asian languages onstage
▼ + stars: | 2023-01-11 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Chiang’s tenure comes shortly after Thomas L. Keon, chancellor of PNW mocked Asian languages during a winter commencement. A post published by nonprofit Asian American Legal Defense and Education Fund, written by writer Emil Guillermo, said that action from Chiang could send a strong message. The first Asian American president fires the racist chancellor who told a bad Asian joke.”Keon did not respond to a request for comment. “The Board has therefore issued a formal reprimand to Dr. Keon.”Thomas L. Keon, chancellor of Purdue University Northwest in Indiana. Instead, he said, it’s reflective of larger problems that Asian and Asian American students often faced.

☆ More than 7,000 nurses go on strike in New York City
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Thousands of nurses at two New York City hospitals went on strike on Monday after contract negotiations stalled over pay and staffing levels, a move that caused one of the facilities to postpone procedures and appointments. The walkout involves more than 7,000 nurses at Montefiore Medical Center in the Bronx and Mount Sinai Hospital in Manhattan, the New York State Nurses Association said in a statement. "These nurses are dedicated professionals who provide quality patient care under unimaginable conditions," New York State AFL-CIO president Mario Cilento said. Montefiore Medical Center also said it was committed to create over 170 new nursing positions. Since beginning contract negotiations four months ago, the union had been able to reach agreements or new contracts for nurses at seven other New York City hospitals.

☆ Xi Jinping: Saudi's MBS rolls out the red carpet for China's president, in a not too subtle message to Biden
▼ + stars: | 2022-12-07 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +9 min

Saudi leaders will infuse the trip with a dose of spectacle. The Saudi king – or his powerful Crown Prince, Mohammed bin Salman – may bestow the Chinese leader with some honors and medals. Saudi Crown Prince Mohammed bin Salman fist bumps US President Joe Biden upon his arrival at Al Salman Palace, in Jeddah, Saudi Arabia, on July 15. Today, the US consumes only a fraction of that Saudi oil, and China is Saudi Arabia’s biggest client and trading partner. Over the last year, Gulf Arab countries appear to have ramped up their independent-minded policy.

☆ 'Unveiled: Surviving La Luz Del Mundo' review: HBO shines a light on decades of alleged abuse within a mega-church
▼ + stars: | 2022-12-06 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —Spanning decades, “Unveiled: Surviving La Luz Del Mundo” is another #MeToo story, this time on a disturbingly epic scale, exploring alleged sexual abuse that occurred across generations in a Guadalajara, Mexico-based mega-church, and the victims that eventually rose up to speak out. Founded in 1926, La Luz Del Mundo (Spanish for “The Light of the World”) says it has branches around the world, carrying the word of God from a designated apostle chosen from the ranks of its guiding family. CNN has reached out to La Luz Del Mundo for comment. While HBO’s poster for “Unveiled” features the line, “Bringing the truth into the light,” time will tell whether that light turns out to be the best disinfectant. “Unveiled: Surviving La Luz Del Mundo” premieres December 6 at 9 p.m.

But agency veterans, outside public health officials, and workplace organization experts said the current workplace structure could be a major barrier to that goal. As of early 2020, much of the workforce of the FDA and the National Institutes of Health was working remotely. Today, the NIH is mostly back in the office, but the FDA said many of its employees continue to work remotely when possible. Many people have fled the U.S. public health workforce in recent years, burned out from the covid-19 response. Benjamin said the CDC would likely have made its pandemic stumbles even if staffers hadn’t been working remotely.

☆ Global investors are bullish again on China as Beijing switches to damage control
▼ + stars: | 2022-11-17 | by ( Laura He | ) edition.cnn.com time to read: +6 min

A key index of Chinese stocks in New York jumped 15% during the same period. Some investment banks even upgraded their China growth forecasts following the policy changes. They want to correct the market’s perception of China’s economic outlook, as President Xi Jinping interacts with global leaders at G20,” it said. “I don’t think the long-term appetite for China and Hong Kong shares will return so quickly. The Nasdaq Golden China Index, a popular index tracking Chinese companies in New York, has plunged more than 33% so far in 2022.

NEW YORK/ LONDON, Nov 3 (Reuters Breakingviews) - First Boston is an old Wall Street name that’s re-emerging from Credit Suisse (CSGN.S) with some new features. Credit Suisse Chief Executive Ulrich Körner is reshaping the $11 billion group to put some bad years and big losses firmly in the past. Credit Suisse is setting up joint ventures between CS First Boston and the parent’s trading and wealth management businesses, according to a person familiar with the matter. An added complication is that CS First Boston bankers could be getting paid in their own division’s stock, rather than Credit Suisse shares. Michael Klein will step down from the Credit Suisse board of directors to help launch CS First Boston, the bank said.

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