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MELBOURNE, July 18 (Reuters) - Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns, placing the future of the quadrennial multi-sport event in doubt. "Frankly A$6-A$7 billion for a 12-day sporting event, we're not doing that," Andrews said at a media conference. Andrews said Victoria had already informed the global Commonwealth Games Federation (CGF) but the cost of breaking the 2026 contract had yet to be decided. The CGF did not provide immediate comment but local body Commonwealth Games Australia (CGA) said the pull-out was "beyond disappointing". The Australian Olympic Committee (AOC), which had spoken of the 2026 Games as a "runway" for hosting the 2032 Brisbane Olympics, said it was "an enormous disappointment" for the athletes.
Persons: Victoria Premier Dan Andrews, we're, Andrews, Victoria, Craig Phillips, John Coates, Chris Minns, CGF, Ian Ransom, Christian Schmollinger, Stephen Coates, Peter Rutherford Organizations: MELBOURNE, Victoria Premier, Commonwealth Games Federation, Commonwealth Games Australia, First Nations Australians, Birmingham, Australia, Games, Australian Olympic, New Zealand Olympic, Olympic, Sydney, South, Thomson Locations: Victoria, Australia, Britain, South Africa, Coast, Geelong, Ballarat, Bendigo, Gippsland, New South Wales, NSW, South Australia, Western Australia, Hamilton
Justin Sullivan | Getty ImagesThe Powerball jackpot has soared to an estimated $900 million after Saturday's drawing went by without a winner. If you choose the $465.1 million cash option, the 24% withholding automatically reduces your prize by roughly $111.6 million. "The 24% [withholding] is not the only tax bill" because the highest federal tax bracket includes another 13%. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income. The jackpot winner's remaining tax bill after the 24% federal withholding depends on several factors but could easily represent millions more.
Persons: Justin Sullivan, It's, John Chichester Jr, Chichester, it's Organizations: Chichester Financial Group, IRS Locations: Phoenix
Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. “It’s like a soap opera,” she said. “You start watching and you need to know what happens next week.”After John Collinge’s wife, Zandra, died last year, he felt compelled to share the news with the same group. The response, he said, “absolutely touched me and helped me through the sense of loss.”None of these widely scattered people — Mr. Pochiraju lives in Hyderabad, India; Ms. Cathcart, in Chapel Hill, N.C.; Ms. Robinson, outside Brisbane, Australia; and Mr. Collinge, in Bethesda, Md. They know one another through the online comments section of The New York Times’s Metropolitan Diary, a column that draws tens of thousands of readers each week.
Persons: Sivaram Pochiraju, Janet Cathcart, ” Lorie Robinson, , , John Collinge’s, Zandra, Pochiraju, Cathcart, Robinson, Collinge, Locations: , Hyderabad, India, Chapel Hill, N.C, Brisbane, Australia, Bethesda, Md, York Times’s
How America fell out of love with ice cream
  + stars: | 2023-07-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +9 min
Ice cream is “the ultimate comfort food.”Drinkers swapped a pint for a scoop, and for ice cream makers, Prohibition was a boon. “In fact they say that the ice cream business is bound to increase in volume from year to year as more people are using ice cream since the coming in of nation-wide prohibition and the going out of the saloon.”The interest in ice cream continued in World War II, buoyed by the government’s use of the frozen dessert to help boost morale. Margaret Bourke-White/The LIFE Picture Collection/Shutterstock“We built pop-up ice cream factories on the front lines, delivered individual ice cream cartons to foxholes and spent more than a million dollars on a floating ice cream barge that patrolled the Pacific delivering ice cream,” Siegel said. Scoops of Falooda ice cream are placed on top Blueberry Lavender ice cream at Pints of Joy in Sunnyvale, California. Today, she teaches aspiring ice cream entrepreneurs how to make ice cream.
Persons: Earl Leaf, Michael Ochs, Baskin Robbins, , Matt Siegel, ” Siegel, Yuengling, , Margaret Bourke, , Siegel, John Robbins, Robbins, Burt Baskin, Robbins ’, ” Robbins, Robbins “, Deepak Chopra, Marianne Williamson, Lucas Fuess, Richard B, Levine, Levine Roberts, Fuess, John Crawford, “ There’s, Circana, Aric Crabb, Talenti, Earl Grey, ” Crawford, Bryan Olin Dozier, Deborah Lee Organizations: New, New York CNN, US Department of Agriculture, Michael Ochs Archives, Food, Anheuser, Busch, Manufacturers, Cream, Baskin, New York Times, Rabobank, MediaNews, East Bay Times Locations: New York, NY, American, USS Maryland, Chicago , Illinois, Circana, Joy, Sunnyvale , California, Van Leeuwen, North Carolina
If you choose the $441.9 million cash option, the 24% withholding automatically reduces your prize by roughly $106 million. "The 24% [withholding] is not the only tax bill" because the highest federal tax bracket includes another 13%. Here's how federal tax brackets workWhile inflation increased the federal income tax brackets for 2023, millions from the lottery still pushes the winner into the 37% bracket. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income. The jackpot winner's remaining tax bill after the 24% federal withholding depends on several factors but could easily represent millions more.
Persons: Scott Olson, John Chichester Jr, Chichester, it's Organizations: Chichester Financial Group, IRS Locations: Phoenix
July 14 (Reuters) - Two U.S. senators are pursuing a legislative plan to track U.S. investments in China, as the White House works to complete long-awaited action that would also restrict investment in certain, highly targeted sectors. The Biden administration, meanwhile, is finalizing an executive order that would also restrict certain investment in sectors including advanced semiconductors, quantum computing and artificial intelligence. A senior administration official, who spoke on condition of anonymity, said the aim was to wrap up legal and other reviews of the outbound investment order by Labor Day. Reuters reported in February that the proposed order was likely to track restrictions on artificial intelligence chips, chipmaking tools and supercomputers, among other technologies, imposed on exports to China in October. The senators' proposed legislation was filed as an amendment to the annual National Defense Authorization Act.
Persons: Bob Casey, Republican John Cornyn, Casey, Biden, Janet Yellen, Joe Biden, Karen Freifeld, Andrea Shalal, Susan Heavey Organizations: White, Democratic, Republican, Labor, Treasury, Reuters, National Defense, U.S . House, Republicans, Thomson Locations: China
CNN —President Joe Biden said Thursday that Republican Sen. Tommy Tuberville is being “irresponsible” and jeopardizing national security by blocking military promotions over his objections to the Defense Department’s reproductive health policies. He’s jeopardizing US security with what he’s doing,” Biden said during a news conference in Helsinki, Finland, when asked by CNN about Tuberville’s position. A defense official told CNN Austin and Tuberville eventually spoke at about 1:30 p.m. Thursday. I’m doing it for Republicans and Democrats and citizens of this country. I’m doing it for the Constitution.”CNN reported in June that some of Tuberville’s colleagues have tried to talk with him behind the scenes about alternatives.
Persons: Joe Biden, Republican Sen, Tommy Tuberville, “ I’d, ” Biden, Lloyd Austin’s, Tuberville, Austin, Brig, Pat Ryder, ” Tuberville, CNN’s Manu Raju, Biden’s, I’m, We’ll, , Republican Party …, they’ve, , Raju, I’ve, that’s, Republican Roger Wicker, Texas Sen, John Cornyn, Sen, Joni Ernst, CNN’s Wolf, ” Austin, CNN’s Wolf Blitzer Organizations: CNN, Republican, Defense, Alabama, CNN Austin, Pentagon, Joint Chiefs, Staff, Marine Corps, Republican Party, Republicans, Democrats, ” CNN, Armed Services Committee, Iowa, Senate Armed Services Committee, NATO Locations: Helsinki, Finland, Texas, Vilnius, Lithuania,
No one wants Subway
  + stars: | 2023-07-13 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +3 min
The move comes as Subway has seen its store count decline by the hundreds over the years. In late January, Buck's foundation, where his two sons work, revealed that the late co-founder had left the charity his 50% stake in Subway . Subway has spent the past few years trimming corporate staff and closing stores under CEO John Chidsey. Despite previous years of slumping sales and store closures, Subway has recently gained some momentum. Are you a Subway insider or franchisee with insight to share?
Persons: Trevor Haynes, Haynes, Peter Buck, John Chidsey, Subway's Organizations: Subway, NY Post, Service, nab, New York Post, Bloomberg, Post Locations: Wall, Silicon, Buck's, Subway
NEW YORK, July 12 (Reuters) - Morgan Stanley (MS.N) has hired veteran investment banker Daniel Cohen from Truist Financial Corp (TFC.N), where he was the head of the firm's healthcare services advisory business, a person familiar with the matter said on Wednesday. In his new role, Cohen will continue to focus on dealmaking in the pharmaceutical services sector, the person said, requesting anonymity because the move is not yet public. Morgan Stanley declined to comment. Cohen's hire comes after veteran pharmaceutical industry bankers Arek Kurkciyan and Dennis Crandall left Morgan Stanley last year to join Moelis & Co (MC.N). Cohen spent just over one year at Truist, where he served as the head of pharmaceutical services investment banking and healthcare sponsor coverage, before being elevated as the head of the healthcare services unit, according to his LinkedIn profile.
Persons: Morgan Stanley, Daniel Cohen, Cohen, Arek Kurkciyan, Dennis Crandall, Morgan Stanley's, John Collins, Tom Miles, Brian Healy, Healy, David Carnevali, Svea, Bayliss, Emma Rumney Organizations: YORK, Truist Financial Corp, LinkedIn, Moelis, RBC Capital Markets, Oppenheimer Holdings Inc, JPMorgan Chase &, Catalent Inc, Svea Herbst, Thomson Locations: Truist, Americas, New York
They Know the Blessing and Curse of Warhol and Basquiat
  + stars: | 2023-07-11 | by ( Arthur Lubow | ) www.nytimes.com   time to read: +1 min
Using her bare breasts as paintbrushes, Berlin, beginning in the ’70s, made “tit prints,” in which her pigment-laden aureoles produced forms that resemble balloons and angelfish. Even more scandalous are three of the chapbooks in which she kept drawings she cajoled artists into making of their penises. She was making the ‘tit prints’ without thinking of burning her bra. What really matters is what is in the work.”Like Powell, Berlin in many of her Polaroids documented the Warhol entourage. The show concludes with homages to Berlin made by artists today, including Francesco Clemente, Jenna Gribbon and Jane Kaplowitz.
Persons: Jasper Johns, Leonard Cohen, Dennis Hopper, Robert Smithson, Brice Marden, ” Gingeras, , , Warhol, Gingeras, Willem de Kooning, John Cage, Francesco Clemente, Jenna Gribbon, Jane Kaplowitz Locations: Berlin, Powell
The Powerball jackpot has reached $725 million by July 11, 2023. If you choose the $366.2 million cash option, the 24% withholding automatically reduces your cut about $88 million. However, many taxpayers wrongly assume they're off the hook after that 24%, Chichester said. watch nowHere's why: Millions in lottery winnings will push you into the top federal income tax bracket. You calculate taxable income by subtracting the greater of the standard or itemized deductions from your adjusted gross income.
Persons: John Chichester Jr, Chichester Organizations: Medianews, Getty, Chichester Financial Group Locations: Phoenix
The Powerball jackpot for July 10, 2023 has hit $650 million. Here, a cashier at a 7-11 store in Milipitas, California, issues Powerball tickets in 2022. With no winner for the Powerball jackpot, the prize has jumped to an estimated $650 million ahead of Monday's drawing. The jackpot jumped to $650 million from $615 million without a winning ticket on Saturday. If you beat the odds, you can now pick between a lump sum of an estimated $328.3 million or annual payments worth $650 million.
Persons: Roth, John Chichester Jr, Chichester Organizations: IRS, Finance, Amazon, Chichester Financial Group Locations: Milipitas , California, Phoenix
ONLOOKERS: Stories, by Ann BeattieThe Covid lockdown period already seems, as a subject, like a flattened corpse over which the whole of American culture and commentary has trampled. A case in point is “Onlookers,” Ann Beattie’s new collection of stories, her best in more than two decades. It takes as its subject Charlottesville, Va., a city remade by quarantine, population growth, new money and the fresh forces shaping American life. program at the University of Virginia, to personages such as Peter Taylor, Alison Lurie, Sam Shepard and Beattie herself. It’s where James Alan McPherson and John Casey discovered Breece D’J Pancake, and where Pancake took his own life.
Persons: Ann Beattie, ” Ann Beattie’s, , Peter Taylor, Alison Lurie, Sam Shepard, Beattie, It’s, James Alan McPherson, John Casey, Breece, Pancake, John Grisham Organizations: University of Virginia Locations: Charlottesville, Va
In a Thursday note, the firm outlined a basket of stocks that may be on the brink of turning a profit. Jefferies has a buy rating on DraftKings stock with a $35 per share price target, or about 39% upside from Thursday's close. Jefferies' buy rating and $250 per share price target equates to roughly 18% upside for the stock from Thursday's close. SoFi stock has climbed more than 78% from the start of the year. SOFI YTD mountain Jefferies' buy rating and $9.60 price target forecasts about 19% upside for SoFi Stock.
Persons: Jefferies, John Colantuoni, Colantuoni Organizations: CNBC, Boeing, Jefferies, SoFi Stock Locations: SoFi, fintech
Elton John celebrates last show on his farewell tour
  + stars: | 2023-07-08 | by ( Zoe Sottile | ) edition.cnn.com   time to read: +1 min
Elton John is set to perform Saturday night what he says will be the last show on the final tour of his career. “It’s the last time that I will be touring and traveling the world,” John says in the clip. The five-time Grammy winner’s “Farewell Yellow Brick Road tour” kicked off in 2018 and was originally meant to end in 2021, but was postponed due to the Covid-19 pandemic. The 76-year-old musician headlined the Glastonbury Festival as his final UK stop on his farewell tour. During his 2018 interview with Cooper, John attributed his retirement from life on the road to his decision to focus on his family.
Persons: Elton John, CNN’s Anderson Cooper, , ” John, winner’s, , John’s, Cooper, John, David Organizations: CNN, Glastonbury Festival Locations: Stockholm, Sweden, British
Dinton Castle is popular with Chinese tourists and those interested in its 'haunted' history. John Carver, Dinton Castle/InsiderDinton Castle has captured the attention of Chinese tourists, who are excited by the opportunity to stay in an authentic English castle, Carver said. According to local folklore, Dinton Castle is haunted by John Bigg, known as the "Dinton Hermit," who lived underground on the estate until his passing in 1696. But aside from Chinese tourists and supernaturalists, Carver said that Dinton Castle has an appeal for everyone. "It's so unique, and it's not a Windsor Castle," he said.
Persons: John Carver, Dinton, Carver, John Bigg, Bigg, Simon Mayne, King Charles I of England, it's Organizations: BBC Locations: Dinton, supernaturalists, Windsor
If you manage to score the winning ticket for the Powerball jackpot this Saturday evening, your winnings will shrink significantly after Uncle Sam takes its share. The Powerball jackpot winner can choose between a lump sum of $310.6 million cash or yearly payments worth $615 million. These are estimates until the Multi-State Lottery Association takes bids on the purchase of investments. "One thing that's unique about the lottery is that you can accept it over a 30-year period with annuity payments," said certified financial planner John Chichester Jr., founder and CEO of Chichester Financial Group in Phoenix. The odds of winning the Powerball jackpot are about 1 in 292 million.
Persons: Uncle Sam, John Chichester Jr, It's, Chichester Organizations: State Lottery Association, Chichester Financial Group, Finance, Federal, Shoppers, Amazon Prime Locations: Phoenix
Lately The New York Times has asked jazz musicians, writers and scholars to share the favorites that would make a friend fall in love with Herbie Hancock, New Orleans jazz, Sun Ra or Mary Lou Williams. Now we’re putting the spotlight on avant-garde jazz, a challenging subgenre born out of the desire to do something that wasn’t as prescribed as bebop or post-bop, a sound carried by the fire of spontaneity by players who weren’t considered to be in the upper echelon of jazz. The definition of avant-garde jazz has been a point of contention since its inception. Perhaps its biggest public advocate was the saxophonist and bandleader John Coltrane, who took an interest in free jazz — a subset of avant-garde jazz — in the mid-1960s and pushed for the saxophonists Albert Ayler and Pharoah Sanders to release their music on the mainstream label Impulse! Today, the rules for what is and what isn’t avant-garde are still being written.
Persons: Herbie Hancock, Sun Ra, Mary Lou Williams, weren’t, Amiri Baraka —, John Coltrane, Albert Ayler, Pharoah Sanders, ◆ ◆ ◆ Ana Roxanne, “ Longview, Barre Phillips, John Surman, I’ve Organizations: New York Times, Association for, Advancement of Creative Musicians, Area Locations: Herbie Hancock , New Orleans, “ Longview ”, France, Longview,
The privately-held company, which is up for sale, has added meat slicers to 20,000 stores. The chain is giving away 1 million subs to mark the debut of new heftier, deli-sliced subs. The company invested $80 million, equipping 20,000 restaurants with meat slicers over nine months. Before introducing slicers, Subway has rolled out artisan loaves of bread, upgraded soups, new meats, and dressings since 2021. Subway invested $80 million installing meat slicers in 20,000 stores.
Persons: , Trevor Haynes, Haynes, Paul Fabre, John Chidsey, Subway's Organizations: Subway, Service, Bloomberg Locations: Miami, North America, Jersey, Turkey
Western sanctions on Russian crude following its invasion of Ukraine have upended those plans. Canadian barrels will struggle to compete, analysts and traders said. Chinese oil refiners PetroChina (601857.SS) and Sinopec (600028.SS) have bought and processed Canadian heavy crude in the past. Russia's Urals crude produces higher volumes of fuel and is significantly cheaper than heavy Canadian barrels, said one Calgary-based crude trader. "Today every crude in Asia is having a hard time competing with Russian crude," York said.
Persons: crudes, TMX, John Coleman, Wood Mackenzie, Skip York, York, Nia Williams, Florence Tan, David Gregorio Our Organizations: U.S ., Canadian, Sinclair, Puget Sound, U.S . Energy, Administration, Turner, Mason & Company, Reuters, Thomson Locations: U.S . West Coast, Asia, Ukraine, Canada, United States, Russia, Alberta, British, Pacific Coast, North America, China, India, Calgary, Canadian, Iraq, California, York, Moscow, Basra, British Columbia, Singapore
In the spring of 1859, Abraham Lincoln was invited by a committee of Boston Republicans to attend a festival in honor of Thomas Jefferson’s birthday. Instead, he sent a letter that explains, perhaps better than anything else Lincoln wrote except for the Gettysburg Address, what it is that we celebrate when we celebrate the Fourth of July. Lincoln began by noting a historical irony: Roughly 70 years earlier, America’s two main political parties had gotten their start. The Democrats of his day held “the liberty of one man to be absolutely nothing, when in conflict with another man’s right of property,” Lincoln wrote. “Republicans, on the contrary, are for both the man and the dollar, but in cases of conflict, the man before the dollar.”
Persons: Abraham Lincoln, Thomas Jefferson’s, Lincoln, , ” Lincoln, John C, Calhoun, Stephen Douglas Organizations: Boston Republicans, Gettysburg, Democratic, Republicans, Federalists, “ Republicans
Wrestling legend John Cena surprised fans with a pitch to hold WWE's largest live event Westlemania, the so-called "Super Bowl of wrestling" that has never taken place outside of North America, in London. WWE brought its premium live event called Money in the Bank to London's O2 arena on Saturday, in its second major event in the U.K. in the last year. The crowd erupted as his tell-tale entrance music hit, but Cena arrived not to fight — but to pitch to hold Wrestlemania in London. They don't necessarily know how to feel about London," Cena told the packed O2 arena which booed at the suggestion. "Take a moment right now, let them see, let them feel, let them hear what WrestleMania is going to sound like in London," Cena added.
Persons: Dwayne, Johnson, John Cena, Cena, It's Organizations: Life, Wrestling, WWE, Bank, London's, London Locations: Miami Gardens , Florida, North America, London
In 1928, Joseph Kennedy bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000. The main home in the Kennedy family compound in Hyannis Port, Mass. AP/Stew MilneHyannis Port became a homeBefore the Kennedys rolled into Hyannis Port, they had trouble establishing a summer home in coastal Massachusetts. Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, John F. Kennedy and Jean Kennedy play footballl while on vacation at the Kennedy compound in June 1953 in Hyannis Port, Massachusetts. (His father stayed in his Hyannis Port bedroom for five days listening to classical music when he heard the news.)
Persons: Joseph Kennedy, Kennedy, It's, , Royce, Kate Storey, Joseph, John, Robert, John F, Robert F, Kennedy Jr, Robert's, John Kennedy, Carolyn Bessette, Saoirse Kennedy, Storey —, Stone —, it's, Stew Milne, Rose, Honey Fitz, Fitzgerald, Boston, Storey, Gloria Swanson, Franklin D, Roosevelt, Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, Jean Kennedy, footballl, Hy Peskin, Eunice, John's, Ethel, Jacqueline, Rosemary Kennedy, Joseph Jr, Kathleen, Robert Jr, Bobby Shriver, Joseph P, Ted Kennedy's, John Jr, Caroline, Jackie, Maria Shriver, Arnold Schwarzenegger, Caroline Kennedy's, Edwin A, Pat, Ted, what's Organizations: Service, Hyannis Port, Kennedy Hyannis Museum, Stone, Stew Milne Hyannis Port, Catholic, Hollywood, Big, Senate, Democrat, Kennedys, Big House, Kennedy Library Foundation, Democratic, Getty, Camelot Locations: Hyannis Port , Massachusetts, Boston, Hyannis, Cod, Hyannis Port, Hyannis Port ,, Stew Milne Hyannis, Massachusetts, Palm Beach , Florida
Emmanuel Macron attended an Elton John concert in Paris on Wednesday night. It comes as mass riots are ravaging France following the fatal shooting of a 17-year-old. "While France was on fire, Macron preferred to applaud Elton John." An Instagram picture posted by Elton John's husband, David Furnish, of the couple arm-in-arm with a smiling Macron and his wife, Brigitte Marie-Claude Macron. "France is burning, and the president of France is going to the Elton John concert.
Persons: Emmanuel Macron, Elton John, Macron, , Thierry Mariani, Elton John's, David, Brigitte Marie, Claude Macron, Nahel, Sarah Meyssonnier Macron, Le, Pascal, Dominique Sopo, Sopo, George Floyd Organizations: Service, The Telegraph, Marine, REUTERS, Guardian, BBC, London Metropolitan Police Locations: Paris, France, Nanterre, Aubervilliers, Rothschild, Republic, Alma, Roubaix, London
CNN —Shohei Ohtani continued his incredible run of form as the Los Angeles Angels two-way star hit the biggest home run of the MLB season so far. “I hear about all those 500-foot shots from guys in the past, but I don’t think I’m ever going to see one,” Nevin said, per MLB.com. “Because I [don’t think it’s possible] to see one hit farther than the one I saw. “The calculations before and now are a little different, but I don’t think there’s a ball that can be hit farther than that one. Just awesome.”Ohtani in the dugout after hitting a solo home run in the sixth inning against the Arizona Diamondbacks.
Persons: Shohei Ohtani, Ohtani, Statcast, Phil Nevin, ” Nevin, John Cordes, , Marcus Stroman, Organizations: CNN, Los Angeles Angels, MLB, Angels, Arizona Diamondbacks, American League, Chicago White Sox, White Sox, Chicago Cubs
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