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☆ Speaker Mike Johnson just did the same thing that triggered Kevin McCarthy's ouster — but the hard right's not calling for his head
▼ + stars: | 2023-11-14 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Speaker Mike Johnson just passed a "clean" government funding bill with mostly Democratic votes. But no one's eager to go through another speaker fight, and the hard right's cutting him some slack. If so, that's because it's essentially the same thing that triggered the end of Kevin McCarthy's speakership in October. But that hasn't been enough to mollify critics on the hard right, including one who described it as "[perpetuating] the very system my constituents sent me here to oppose." And hard right Republicans are at least somewhat optimistic that they can keep that process going, despite the passage of a temporary government funding bill that they philosophically disagree with.

Persons: Mike Johnson, That's, Kevin McCarthy, —, it's, Kevin McCarthy's speakership, McCarthy, Matt Gaetz, Johnson, Chip Roy, Tim Burchett, Andy Ogles, who's, Tom Tiffany of, it'll, Patty Murray Organizations: Democratic, Service, Republicans, Republican, Caucus Locations: Florida, Tennessee, Tom Tiffany of Wisconsin

ICBC Financial Services could not be reached for comment. It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.

Persons: Kim Kyung, BNY Mellon, ICBC, Moxfive, Darrell Duffie, Duffie, BNY, SIFMA, Paritosh, Edward Tobin Organizations: Industrial, Commercial Bank of China, REUTERS, Commercial Bank of China's, Treasury, ICBC Financial Services, Reuters, ICBC, Securities, Exchange, Stanford, ICBC Financial, Treasuries, Thomson Locations: Beijing, China, Commercial Bank of China's U.S, New York, Wall

Kalamazoo, a small city in Western Michigan, is a way station along the drug trafficking corridor between Chicago and Detroit. In its parks, under railroad overpasses and here in the woods, people ensnared by drugs scramble to survive. Dr. Helmstetter, who makes weekly primary care rounds with a program called Street Medicine Kalamazoo, carried medications to reverse overdoses, blunt cravings and ease withdrawal-induced nausea. Rachel, 35, her hair dyed a silvery lavender, ran to greet Dr. Helmstetter. She takes the medicine buprenorphine, which acts to dull her body’s yearning for opioids, but she was not ready to let go of meth.

Persons: Nic Helmstetter, Helmstetter, Rachel Organizations: Medicine Locations: Kalamazoo, Western Michigan, Chicago, Detroit, Medicine Kalamazoo

☆ In the Market: Inside Wall Street's scramble after ICBC hack
▼ + stars: | 2023-11-13 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +7 min

It said it had cleared Treasury trades executed on Wednesday and repo financing trades done on Thursday. While market participants and officials have said the impact of the ICBC hack on Treasury market functioning was limited, the full extent of it is not yet understood. Nevertheless, market participants said the attack is likely to add a new aspect to the regulatory review, as it brings cyber threats into sharper focus. The hack is likely to become a key topic of conversation at a major Treasury market conference on Nov. 16. ICBC told market participants Friday that they were also hoping to have a secondary email system set up soon.

☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

He said he never worked on the annual financial statements at the heart of New York Attorney General Letitia James’ lawsuit. James alleges Donald Trump, his company and executives including Eric and Donald Jr. exaggerated his wealth by billions of dollars on financial statements given to banks, insurers and others. On Monday, Trump Jr. will be questioned first by the defense lawyers representing him, his father and other defendants. When he became president in 2017, Donald Trump handed day-to-day management of his company to Eric and Donald Trump Jr. and named Trump Jr. as a trustee of a trust he established to hold his assets while in office. “I had an obligation to listen to the people with intimate knowledge of those things,” Trump Jr. testified.

Persons: —, Donald Trump’s, Donald Trump Jr, who’ll, quizzed, Eric, Ivanka Trump, Letitia James ’, James, Donald Trump, Donald Jr, Judge Arthur Engoron, Michael Cohen, Engoron, Christopher Kise, ”, “, I’m, Trump, ’, ” Trump, Allen Weisselberg, Michael Organizations: Trump Organization, York, Trump, Democrat, New York, Trump Jr, ” Trump Jr Locations: New York, New, Michael Sisak, x.com

LOS ANGELES (AP) — Los Angeles motorists should expect traffic snarls during the Monday commute as crews assess how much damage was caused by a raging fire over the weekend that closed a major elevated interstate near downtown, officials said. Commuters were urged to work from home or take public transportation into downtown Los Angeles. Newsom declared a state of emergency Saturday afternoon and directed the state Department of Transportation to request assistance from the federal government. Los Angeles Mayor Karen Bass said she had also talked with U.S. Secretary of Transportation Pete Buttigieg about any additional resources that may be needed. California Secretary of Transportation Toks Omishakin said storage yards under highways are common statewide and across the country.

Persons: Gavin Newsom, ” Newsom, Kristin Crowley, Newsom, Los Angeles Mayor Karen Bass, Transportation Pete Buttigieg, ”, Transportation Toks, Bass Organizations: ANGELES, Gov, Patrol, Flames, Department of Transportation, Los Angeles Mayor, U.S, Transportation, Sunday Locations: Los Angeles, Alameda Street, Santa Fe, California

LOS ANGELES (AP) — Los Angeles motorists should expect traffic snarls indefinitely as crews assess how much damage was caused by a raging fire that closed a major elevated interstate near downtown, officials said Sunday. Commuters were urged to work from home or take public transportation into downtown Los Angeles. Newsom declared a state of emergency Saturday afternoon and directed the state Department of Transportation to request assistance from the federal government. California Secretary of Transportation Toks Omishakin said storage yards under highways are common statewide and across the country. At least 16 homeless people living underneath the highway were evacuated and brought to shelters, Mayor Karen Bass said.

Persons: Gavin Newsom, ” Newsom, Kristin M, Crowley, Newsom, ”, Transportation Toks, Karen Bass, Bass Organizations: ANGELES, Gov, Patrol, Flames, Fire, Department of Transportation, Sunday, Transportation Locations: Los Angeles, Alameda Street, Santa Fe, California

Powell's remarks on Thursday that the fight to restore price stability "had a long way to go" at first roiled markets. "If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar." MSCI's gauge of global equity performance (.MIWD00000PUS) gained 0.54%, while stocks on Wall Street surged 1% or more. U.S. Treasury yields rose sharply on Thursday after a very weak 30-year bond auction. U.S. crude rose $1.43 to settle at $77.17 a barrel, while Brent settled up $1.42 at $81.43 a barrel.

Persons: Kim Kyung, Jerome Powell, Michael James, Thierry Wizman, Wizman, Mullarkey, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Wall, Federal, Wedbush Securities, Fed, FX, Dow Jones, Nasdaq, U.S, Treasury, SLC Management, Reuters, NAB, New, Thomson Locations: Tokyo, Japan, Los Angeles, Macquarie, New York, Europe, Boston, China, Beijing, New Zealand, London

☆ Hackers Hit U.S. Arm of Chinese Bank
▼ + stars: | 2023-11-10 | by ( Rebecca Feng | Matthew Thomas | ) www.wsj.com time to read: 1 min

An ICBC building in Shanghai. The bank is China’s biggest. Photo: Cfoto/Zuma PressA U.S. subsidiary of China’s biggest bank was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market. ICBC Financial Services, a New York-based entity owned by the Industrial and Commercial Bank of China , was the victim of a ransomware attack on Wednesday. The unit largely focuses on clearing, which means ensuring that transactions previously agreed by traders go through, with the money and securities changing hands.

Organizations: Press, Treasury, ICBC Financial Services, Industrial, Commercial Bank of China Locations: Shanghai, China’s, New York

Organizations: Press, Treasury, ICBC Financial Services, Industrial, Commercial Bank of China Locations: Shanghai, China’s, New York

☆ At SpaceX, worker injuries soar in Elon Musk’s rush to Mars
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +35 min

Through interviews and government records, the news organization documented at least 600 injuries of SpaceX workers since 2014. The more than 600 SpaceX injuries Reuters documented represent only a portion of the total case count, a figure that is not publicly available. SpaceX injury data reporting failures SpaceX facilities failed to submit injury data annually, as required by regulators, for most years since 2016. Workers welded rocket parts up to 12 hours a day, six days a week, often in temperatures over 100 degrees Fahrenheit, the SpaceX workers said. The accident occurred when he and other SpaceX employees were being transferred between two vessels.

Persons: Lonnie LeBlanc, LeBlanc, LeBlanc’s, hasn’t, Musk, ”, Tom Moline, Francisco Cabada, Cabada’s, Elon Musk, Ydy Cabada, Kennedy didn’t, Kennedy, “, Jordan Barab, Travis Carson, Carson, entrepreneurism, Jeff Bezos, Chris Cunnington, Phillip Fruge, ” Fruge, ” Carson, Elon, Carson “, Florentino Rios, Rios, Rios inched, Richard Hinojosa, ” Rios, Cabada, Ydy, SpaceX hasn’t, Michael Sanchez, ” Sanchez, Francisco’s, Evelyn Cabada, ” Barab, Boring, Paige Holland, Musk’s, Moline, Gwynne Shotwell, ” Shotwell, Shotwell, CalOSHA, Ann Rosenthal, Steven Trollinger’s, Trollinger, –, Chris Weimer, Ron Weimer Organizations: Elon, SpaceX, U.S . Marine Corps, U.S . Occupational Safety, Health Administration, OSHA, Musk’s, V2, Reuters, Regulators, Kennedy Space Center, U.S . National Aeronautics and Space Administration, NASA, ” Reuters, California OSHA, CalOSHA, ”, Workers, Boeing, Cabada, Boring Company, National Labor Relations Board, billionaire’s, Federal Locations: McGregor , Texas, LeBlanc, amputations, Hawthorne , California, Brownsville , Texas, Redmond , Washington, Florida, Cape Canaveral, California, Brownsville, Texas, Mexico, Moline, Carson, American, SpaceX’s Brownsville, Rios, Hawthorne, Los Angeles, “, ” Holland, Thielen, Holland, Federal, After Texas

☆ Surging Rangers pull away for win over Wild
▼ + stars: | 2023-11-10 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

[1/30] Nov 9, 2023; New York, New York, USA; New York Rangers goaltender Louis Domingue (70) during the first period against the Minnesota Wild at Madison Square Garden. Lafreniere snapped the tie when the Rangers capitalized on a Minnesota miscue. Trocheck also had a goal and two assists as the Rangers improved to 8-0-1 in the past nine games. Blake Wheeler added his first goal since signing with the Rangers when he scored on New York's first power play in the third. Brandon Duhaime scored for the Wild, who failed in a bid for their first three-game winning streak of the season.

Persons: Louis Domingue, Brad Penner, Alexis Lafreniere, Lafreniere, Minnesota's Marco Rossi, Panarin, Vincent Trocheck, Trocheck, Hall, Hall of Famer Rod Gilbert, Blake Wheeler, Igor Shesterkin, Jonathan Quick, Domingue, Lettieri, Wheeler, Brandon Duhaime, Marc, Andre Fleury, Minnesota . Dakota Mermis, Erik Gustafsson, Gustafsson, Fleury, Duhaime, Faber Organizations: New York Rangers, Minnesota Wild, Madison, Rangers, New, Hall of Famer, Pittsburgh Penguins, Eastern Conference, Minnesota, Minnesota ., Thomson Locations: New York , New York, USA, Minnesota, New York, York, Minnesota . Dakota

ICBC's U.S. unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. The cyberattack sent ripples through the U.S. Treasuries market, where ICBC acts as a broker for hedge funds and other market participants, helping them trade in the securities. The Chinese parent then injected capital into the U.S. unit, allowing it to settle the trades and pay back BNY Mellon, the sources said. They also told market participants about the capital injection but did not disclose the amount or the reason for it, the sources said. SIFMA, the trade group, organized calls for market participants with updates, the sources said.

Persons: Tingshu Wang, BNY Mellon, ransomware, ICBC, SIFMA, Janet Yellen, Lifeng, Scott Skyrm, Jack McIntyre, Harry Robertson, James Pearson, Naomi Rovinick, Yoruk, Davide Barbuscia, Chris Prentice, Mike Derby, Carolina Mandl, Laura Matthews, Paritosh, Zeba, Megan Davies, Dhara Ranasinghe, Alexander Smith, Richard Chang, Anna Driver Organizations: Asset Management, Fair for Trade, Services, REUTERS, Commercial Bank of China, U.S ., ICBC Financial Services, Securities Industry, Financial Markets Association, ICBC, Treasury, China, U.S, New York Federal Reserve, Securities, Depository Trust, Clearing Corp, Thomson Locations: Beijing, China, ICBC's U.S, U.S, San Francisco, Treasuries, Hong Kong, Shanghai, London, Amsterdam, Carolina, New York

☆ Biden and Xi meeting set for next week as US hopes to halt downward spiral in relations
▼ + stars: | 2023-11-10 | by ( Kevin Liptak | ) edition.cnn.com time to read: +6 min

CNN —President Biden’s highly anticipated meeting with Chinese President Xi Jinping is set for next Wednesday in the San Francisco Bay Area, senior US administration officials said, setting up a test of whether the two men can slow a downward spiral in relations at a moment of heavy global turbulence. It includes restoring military-to-military communication between the two countries, a chief objective for Biden, who plans to press Xi on the issue. Despite a deep and apparently warm personal relationship cultivated during their time as vice presidents, Biden and Xi have overseen a deterioration in US-China relations to the lowest level in decades. That meeting was intended to establish a baseline for the relationship amid heightened economic and military tension. Ahead of next week’s meeting, US Treasury Secretary Janet Yellen invited Chinese Vice Premier He Lifeng, known as the country’s “economic tsar,” for a two-day meeting starting Thursday.

Persons: Biden’s, Xi Jinping, aren’t, Biden, Xi, ”, Bonny Lin, “ Rather, Nancy Pelosi, Antony Blinken, Janet Yellen, Gina Raimondo, Wang Yi, Jake Sullivan, Han Zheng, ” Han Organizations: CNN, San Francisco Bay Area, White, Communist Party, Biden, China Power Project, Center for Strategic, International Studies, US National, Washington, Bloomberg Locations: San Francisco Bay, Ukraine, Washington, Beijing, Israel, South, Taiwan, California, China, Russia, United States, Bali, Singapore

A Palestinian mourned the death of family members in Khan Younis in the southern Gaza Strip on Thursday. Photo: mahmud hams/Agence France-Presse/Getty ImagesIsraeli troops were advancing toward the heart of Gaza City, engaging in heavy gunbattles and ratcheting up pressure on neighborhoods that have become a refuge for tens of thousands of Palestinians. The Israeli military said Thursday it captured an area on the western side of the Jabalia refugee camp, north of Gaza City, after a 10-hour gunbattle with Hamas that unfolded in tunnels and on city streets that have become a wasteland. Israel troops fought amid destroyed buildings, backed up by tanks, and with armored bulldozers clearing a path through the rubble, pictures released by Israel Defense Forces showed. Weapons were captured and tunnel shafts uncovered, the Israeli military said

Persons: Khan Younis, mahmud Organizations: Agence France, Getty, Hamas, Israel Defense Forces Locations: Gaza, Gaza City, Israel

A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. "We're in a period when the Treasury market needs to be relied upon for its safety and liquidity," Nate Wuerffel, head of market structure at BNY Mellon, said in an interview. "And if on top of that you're trying to implement very rapidly a fundamental reassembly of the Treasury market, that's when you run the risk of having market functioning deteriorate." Liquidity crunches in recent years have raised regulatory concerns about the Treasury market's ability to function during times of stress. "Central clearing will strengthen the market’s core attributes of safety and liquidity in times of stress.

Persons: Brendan McDermid, BNY Mellon, Treasuries, Nate Wuerffel, Wuerffel, Davide Barbuscia, Laura Matthews, Richard Chang, Sam Holmes Organizations: REUTERS, Companies Bank of New York Mellon, U.S . Securities, Exchange Commission, Treasury, SEC, BNY, Federal Reserve, Federal, Thomson Locations: New

☆ An Epic Pilgrimage Across Three Great Religions
▼ + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com time to read: +111 min

Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.

Persons: Eduardo Quintela Gonzáles, ” Quintela, JAN, “, ”, Quintela, Victor, Edith Turner, Chaucer, ferne, sondry londes, Vaishno Devi, Lyra Skinner, Lyra, Victoria Preston’s, —, Prophet Muhammad, Virgin Mary, Bath, Naipaul, Augustus, Ryan, garret, Virgin, Monica Machicao, Nicholas Casey, ” Monica, Casey, Evo Morales, sloughing, Columbus, Cortés, Francisco Pizarro, Monica, glitzy cholets, Peru —, Viracocha, it’s, Pablo Quisbert, Leandro Chitarroni, Eichmann, Father Chitarroni, Father Chitarroni’s, Conquistadores ”, Fernando Cervantes, Bernabé Cobo, Quisbert, Edgar Quispe, Tatiana Huayhua, Francisco Tito Yupanqui, Mary, Yupanqui’s, su, Yupanqui, Chitarroni, she’s, Friar Abelino Yeguaori, Friar Yeguaori, Friar Yeguaori’s, Irene, Juana, hajji, Waka, Aracely Alcón, Santiago, Alcón, ‘, don’t, ” Alcón, Tito Yupanqui, Uma Marka, Pachamama, haggard, Amaru Fiorilo Barrios, he’d, ” Fiorilo, Fiorilo, who’d, Valeria Alcón, Laureano Jose Quisbert, Elena Ticona Flores, Eduardo Quintela’s, Ensamble, pang, padre, consolations, Sincrético, El, Rodrigo Paz Pereira, Axel, amauta, strode, La, Aatish Taseer, Saint Helena —, Constantine I, La Paz, Orgilbaatar Tsolmon, Orgil, Genghis Khan, Edward Gibbon, ” Orgil, Araniko’s, Kublai Khan, Genghis Khan’s, Kubla Khan, Coleridge, Kublai, Stalin, sybarite, Khamar, Dalai Lama, Lama, Christopher Kaplonski, ger, I’d, banshtai tsai, Prim, Egi, Munkhdul, Gandantegchinlen, Haidav, herder, “ Um sain, boltugai, Danzanravjaa, Zanabazar’s, Erdene, Mandakhtsog Monkhbaatar, Monkhbaatar’s, Dalai Lamas, prostrated, He’d, Zuu, she’d, Santiago de, L.K, Advani, Emperor Babur, Ram, kar sevaks, Ayodhya, Narendra Modi, Munkhbaatar Batchuluun, Henry Wallace, Franklin D, Potemkin, Munkhbaatar, Gerelmaa, Giimaa, She’d, Eduardo Quintela, Aracely, Santiago’s, Joseph Brodsky’s, Muhammad’s, Hussein, William Keo, ” Khuder, pillion, Labaik, Hussein ”, O Hussein, hearkened, Prophet, Ali —, Ali, Yazid, Imam, crackling, chickpeas, Imam Ali, Imam Hussein, Saddam Hussein, Tusi, Qasim, Imam Hussein’s, Khuder, “ Will, Najaf, prestes, — I, Yasir Yaseen, Ashura, Ali Akbar, Abbas, Ali Asghar, “ We’re, Francisco Goya’s, Hussein’s, Groom, Joseph, ” Wissam, Turfi, Saddam —, Arbaeen, Saddam, “ Imam Hussein, WE, Muhammad, Barnaby Rogerson, Prophet Muhammad ”, ” Ali, Muhammad — Muhammad, formlessness, Muqtada al, Abrams, chiding, Abu Musab Al, Zarqawi, Al Qaeda, William, “ They’re, Ayatollah Ali Khamenei, flagellants, ruddy, stylishly, Hussein — shahid —, Farman Ahsan, Syed Salman Raza —, Saddam’s, ” Raza, William “, Ali Zayn al, Abidin, Labaik ya Hussein, thrall —, Lloyd, Susanne Rudolph — Organizations: CITY LA, LA, LA PAZ, Virgin, Crusaders, Dolorosa, Sun, The New York Times, Bolivian, Spain, La, Cordillera, Universidad Mayor de, Catholic, Good, La Paz, Dominican, Pakistan, Caesars, Nissan, Coke, Communists, Communism, ardor, Communist, Hyundai, flails, sacra, Apache, Mahdi Army, Al, ISIS, Karachi —, Princeton Locations: Bolivia, Mongolia, Iraq, Aatish Taseer Bolivia Mongolia Iraq, CITY LA PAZ, BOLIVIA, NAJAF, IRAQ, ULAANBAATAR, MONGOLIA, LA PAZ, La Paz, Bolivian, Copacabana, Lake Titicaca, New York, Christian, British, sondry, India, Delhi, Varanasi, Europe, American, Mecca, Arabia, Long, Vino Tinto, Chile, Peru, Monica, Plurinational State, Bolivia —, Americas, Spain, Columbian, Aztec Mexico, Inca Peru, Calvary Hill, Virgen del Cerro, South America, Puerto Rico, Huatajata, ”, Argentine, Universidad Mayor de San Andrés, Mexican, revelry, Spanish, “, morena, La, “ India, multilayered, Potosí, Argentina, Warisata, Scotch, Santiago de Compostela, Kingdom of Saudi Arabia, Nepal, Nations, El Alto, Buenos Aires, Bombay, Tibet, Bolivia’s, Yamuna Rivers, United States, Buddhist Mongolia, Ulaanbaatar, Mongolian, Istanbul, Asia, Islam, China, Beijing, Dadu, Erdene Zuu, Soviet, Gobi, Los Angeles, gers, Qing China, Karnataka, Töv Province, Karakorum, Khamar, Erdene, Ukraine, Korea, Golden, Bayankhongor, Lhasa, Dalai, Inner Mongolia, Mongol, Nalaikh, Santiago, Santiago de Compostela and Canterbury, Bulgan Province, Somnath, Gujarat, Ayodhya, Uttar Pradesh, ger, East German, Uvs Province, Pakistani, Indian, Tennessee, Najaf, Baghdad, Khuder, —, abayas, KARBALA, Kufa, Medina, Saudi Arabia, Karbala, Imam Ali, Bab, Kuwaiti, Bohras, South Asia, Tajikistan, Zaydis, Yemen, Alawites, Anatolia, Syria, Iran, Bahrain, Azerbaijan, Sadr, U.S, Jordanian, Al Qaeda, Mesopotamia, Al, Multan, Pakistan, Punjab, Pakistan’s, Islamabad, Lahore, Kuwait, Karachi, Doha, Qatar

☆ Biden Finalizes Significant Overhaul in Federal Regulations
▼ + stars: | 2023-11-09 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

The Biden administration has overhauled how the federal government assesses the costs and benefits of regulation and some government spending programs, clearing a path for more aggressive efforts to fight climate change and help the poor. Officials at the White House Office of Information and Regulatory Affairs, a branch of the Office of Management and Budget, finalized a new and complicated set of rules on Thursday. They would change how federal agencies tally and weigh the potential value and harm of new regulations related to climate change, taxation, the distribution of disaster relief assistance and more. The federal government has long used so-called benefit-cost analysis when setting regulations that cover business activity, environmental pollution and much more. Its rules guiding those regulations were last changed during the George W. Bush administration, prompting many economists to complain that officials were not taking updated economic data and cutting-edge research into account when issuing regulations that can have vast consequences immediately and in the future.

Persons: Biden, George W, Bush Organizations: White, Office of Information, Regulatory Affairs, Management, Budget

Officials have not yet released body camera footage of the most recent shooting, which occurred Tuesday afternoon, but residents of the southwest Baltimore neighborhood expressed outrage over what they called an unnecessary loss of life. The man, later identified as Hunter Jessup, started running and allegedly pointed a gun at police during the ensuing chase. The group said DAT officers treat them with disdain and routinely initiate negative interactions. Police leaders often commend officers for getting illegal firearms off the streets, and Baltimore gun violence overall has been trending downward in recent months. Daniel Webster, a professor at Johns Hopkins University’s Center for Gun Violence Solutions in Baltimore, said the success of specialized gun units often hinges on a focused approach.

Persons: “ They’re, ”, Rashawn McNeil, “, ” McNeil, Hunter Jessup, McNeil, Richard Worley, Jessup, ” Worley, Freddie Gray’s, Tyre Nichols, Daniel Webster, Webster, there’s, Lindsey Eldridge, ” Eldridge, Rashad McNeil, ” Rashawn McNeil, “ It’s Organizations: BALTIMORE, Baltimore Police Department, Police, Force, of Justice, Johns Hopkins University’s Center, Gun Violence Solutions, Webster’s, National Association of Criminal Defense Lawyers, Baltimore Locations: Baltimore, Jessup, Memphis

Propaganda videos recently released by Hamas and analyzed by CNN demonstrate how complicated and elaborate the fighting has quickly become. Here’s what we know about the battle for Gaza City. On Monday, an IDF spokesperson told CNN that the Israeli military was moving toward Gaza City, which he said the Israeli military had encircled since reaching Gaza’s coast on Sunday. “(They) first want to isolate Gaza City from the north and the south and concentrate your forces. Smoke rises following an Israeli airstrike in Gaza City on Thursday.

Persons: CNN —, Israel, Yoav Gallant, Gallant, “, ” Gallant, Danny Orbach, ” Orbach, Beit, Ali Jadallah, Mark Hertling, Miri Eisin, –, ” Eisin, Hertling, It’s, ”, Hani Bakhit, Mohammed Salem, ” Volker Türk, ” Israel Organizations: CNN, Hamas, Palestinian Ministry of Health, Israel Defense Forces, Global, Israel’s, IDF, Hebrew University, Getty, UN, United Nations, Human Rights, Human Rights Watch Locations: Gaza, Ramallah, Gaza City, ”, Gaza’s, Beit Hanoun, Jerusalem, Shati, Atatra, Anadolu, Miri, Wadi Gaza, Israel

☆ LME appoints new technology manager to strengthen expertise for flagship project
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. The LME is the world's largest and oldest forum for metals. Its three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four people with knowledge of the matter told Reuters in October. From Jan. 15, Baldwin will join the LME, succeeding Mario Quonils who has decided to relocate back to Germany, the LME, owned by Hong Kong Exchanges and Clearing (0388.HK), said in a statement. "Alistair's knowledge and expertise in running in-house technology platforms will prove invaluable in this regard," he added.

Persons: Simon Dawson, Alistair Baldwin, Baldwin, Mario Quonils, Alistair, Richard Leung, Polina Devitt, Tomasz Janowski Organizations: London Metal Exchange, REUTERS, Companies Hong Kong Exchanges, NatWest Markets, Reuters, Hong Kong Exchanges, HK, HKEX Group, Thomson Locations: London, Britain, Germany

☆ 'Looksmaxxing' is the new TikTok trend for young men who want to be hot
▼ + stars: | 2023-11-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

"Looksmaxxing" is the Tiktok trend taking hold among some young men who want to be better-looking. The New York Times wrote about the trend, which has shifted from a friendlier version on Tiktok, where handsome men give basic advice. The story points out that much of the TikTok version of the trend is simply helpful, basic advice, and the target audience is often young teenage men — a demographic that can be hygienically challenged. Calling these basic tips "looksmaxxing" — and treating it like getting "facial gains" — is silly. But this is the first time we're seeing swaths of young men gathering online to talk about it with these meme-y terms like "mogging" (looking hotter than someone else).

Persons: —, looksmaxxing, Latham, Dillion Latham, — they're, It's, Looksmaxxers Organizations: Service, The New York Times, GQ, 4chan Locations: British

A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. "We're in a period when the Treasury market needs to be relied upon for its safety and liquidity," Nate Wuerffel, head of market structure at BNY Mellon, said in an interview. "And if on top of that you're trying to implement very rapidly a fundamental reassembly of the Treasury market, that's when you run the risk of having market functioning deteriorate." Notably, in March 2020 the market seized up as pandemic fears gripped investors, prompting the Federal Reserve to buy Treasuries to support the market. "An extended implementation timeline in the final rule could substantially lower the risk that the transition itself could worsen market functioning," Wuerffel said in a note on Wednesday.

Persons: Brendan McDermid, BNY Mellon, Treasuries, Nate Wuerffel, Wuerffel, Davide Barbuscia, Laura Matthews, Richard Chang Organizations: REUTERS, Companies Bank of New York Mellon, U.S . Securities, Exchange Commission, Treasury, SEC, BNY, Federal Reserve, Federal, Thomson Locations: New

☆ Ukraine Gets an Encouraging Sign in Its Bid to Join the E.U.
▼ + stars: | 2023-11-08 | by ( Monika Pronczuk | More About Monika Pronczuk | ) www.nytimes.com time to read: +1 min

The European Union’s executive arm recommended on Wednesday that the bloc open membership talks with Ukraine, an encouraging step for the government in Kyiv in what remains a long and arduous joining process. The recommendation from the executive, the European Commission, comes with the caveat that Ukraine must take steps to address corruption, protect minorities and limit the power of oligarchs. The final decision on opening the talks rests with the leaders of the 27 E.U. member nations, and they are expected to discuss the question at a summit meeting next month, potentially clearing the way for the start of detailed negotiations. Such a move would represent a strong political signal about the European Union’s support for Ukraine, which is battling to maintain backing from its allies in the face of a stagnating counteroffensive against Russia while much of the world’s attention turns to Israel’s war with Hamas.

Organizations: European Commission, Ukraine Locations: Ukraine, Kyiv, Russia

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