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Jack Ma Doubles Down on Alibaba
  + stars: | 2024-01-23 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +6 min
(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.
Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, , Paris, New Hampshire, Dixville
Trillin has long been more in demand as a eulogist, in Manhattan’s interlocking journalism and literary worlds, than probably anyone alive. He has a) a fundamental decency, b) a phlegmatic manner and c) a deadpan wit that delivers, like an inoculation, hurt and healing at the same time. nonfan might attend a Knicks game solely because he’d heard that Chaka Khan would be singing the national anthem. But it makes sense to have this material in one place, and this book is buoyant and crunchy from end to end. Trillin can be counted on to hand the world back clearer than it was before he picked it up.
Persons: Calvin Trillin, Ottessa Moshfegh, , Trillin, they’ve, nonfan, he’d, Chaka Khan, Edna Buchanan, Johnny Apple, Joe Bob Briggs — Organizations: Press, Knicks, The, Yorker, Miami, New York Times Locations: Texas
The cover of that edition of S.N.C.C.’s newsletter called attention to police killings of Black men, with the headline: “Cops Run Wild. Where Will They Strike Next?” Black and Palestinian resistance to repression were bound together. The theology claims that an immense fraud has been perpetrated by Jews upon Black people. Yet in recent years, a new bond between Black and Jewish activists has emerged, catalyzed, in part, by the confluence of civil rights protests and attention to the Palestinian plight. The alliance is “growing and exciting,” Nyle Fort, a Black activist and assistant professor of African American and African diaspora studies at Columbia, told me.
Persons: Huey P, Newton, Louis Farrakhan, Satan ”, , Ye, “ I’m, Kyrie Irving, Jacob, Henry Ford, Mumia Abu, Jamal, Rather, Fort, Fort’s, , ” Fort, Nehisi Coates, Coates, Abraham, zealots, Jim Crow, Morgan Bassichis Organizations: Black Panther Party, Black Power, Washington, , America, Columbia, West Bank, Dream, Israel, Fort, Jewish, Peace, Union Theological Seminary, Jewish Voice Locations: Black, Jersey City, Ferguson, United States, Palestinian, Israel, Washington, Manhattan, Aqsa, Jerusalem, Hebron
What We Learned From Bogotá’s Buses
  + stars: | 2024-01-11 | by ( Michael Kimmelman | ) www.nytimes.com   time to read: +1 min
The system, a rapid bus network called TransMilenio, rolled out in 2000. Its buses weren’t as big or as fast as trains, but they were up and running in a fraction of the time and at a vastly lower cost. The idea of rapid buses became the rage from Jakarta to Mexico City, and Enrique Peñalosa, the Bogotá mayor who cooked up the idea for TransMilenio, became a globe-trotting celebrity after his term ended. But there was another colorful character whose contributions to TransMilenio I had to leave on the cutting room floor. (He explained the dropping of his pants by citing the French sociologist Pierre Bourdieu’s concept of “symbolic violence.”)
Persons: Enrique Peñalosa, George Harrison, Dalai, Peñalosa, , TransMilenio, Antanas Mockus, Pierre Bourdieu’s Organizations: Grist, Super, Colombia’s National University, mooning Locations: Bogotá, Colombia, New York, Jakarta, Mexico City
The phenomenon of active athletes hosting podcasts largely started in the N.B.A., where players can command more attention because there are smaller rosters and more frequent games. Early entries included JJ Redick’s “The Vertical” in 2016 and Richard Jefferson and Channing Frye’s “Road Trippin’” in 2017. Podcasting is particularly attractive to players who are still generating N.F.L. Hill said he started his podcast, “It Needed to Be Said,” partly to prepare for a potential broadcasting career. Brands such as Bleacher Report, which works with Parsons and Miller, have increasingly signed up athletes.
Persons: JJ Redick’s, Richard Jefferson, Channing Frye’s, Taylor Lewan, , , Will Compton, Hill, Said, Pat McAfee, Miller, Josh Pyatt, LeBron James, Peyton Manning, ” Miller, Damar Hamlin Organizations: Tennessee Titans, Boys, Indianapolis Colts, ESPN, Brands, Parsons, WME Sports
During Art Basel Miami next month, St. Fleur said that he intended to visit the art fairs with former N.B.A. players like Deron Williams, Courtney Lee and Amar’e Stoudemire, and that he was arranging a private dinner for some of his athlete clients at a collector’s home on Star Island. There are other signs that the influence of athletes who collect art has been growing in recent years. He served on the board of advisers of the Hammer Museum in Los Angeles and now serves on the board of the Hirshhorn in Washington. “I wanted to think outside the box and give our players #athletes an opportunity to engage with ART done by African American Artists and respond to the cultural richness of these artists, as well as draw their own interpretation of the works.”
Persons: Kevin Love, Cindy Sherman, Cy Twombly, Ernie Barnes, Fleur, Deron Williams, Courtney Lee, Amar’e Stoudemire, Keith Rivers, Kerry James Marshall, Sonia Gomes, Thaddeus Mosley, Elliot Perry, , Organizations: Miami Heat, Art Basel Miami, Star, Art Foundation, Hammer Museum, Hirshhorn, Memphis Grizzlies, American Artists Locations: New York, Manhattan, Los Angeles, Washington
The six bedroom, 10,000 square-foot house on Lake Ontario that Shai Gilgeous-Alexander, a star player with the Oklahoma City Thunder, bought for just over 8.4 million Canadian dollars, or $6.1 million, should have been a dream home. But in May, two days after Mr. Gilgeous-Alexander, 25, moved into the house, near Toronto, with his partner, it became a nightmare, according to a lawsuit seeking to nullify the sale. A menacing visitor appeared looking for a previous occupant. player’s house, described in the real estate listing as an “elegant, resort-like estate,” had been the home of Aiden Pleterski, a self-styled “crypto king” who declared bankruptcy in 2022, while owing just under 13 million Canadian dollars to more than 150 investment clients. Court records show that the home received a steady stream of angry visitors seeking to talk to Mr. Pleterski while he was living there and after he moved out.
Persons: Shai Gilgeous, Alexander, Gilgeous, haven’t, , Aiden Pleterski, Pleterski Organizations: Oklahoma City Thunder Locations: Lake Ontario, Toronto
Not long ago, Chinese propaganda was warning that American attempts at easing tensions were mere performance. The country’s leader, Xi Jinping, declared that the United States was engaged in a campaign of “all-around containment, encirclement and suppression,” in remarks broadcast across state media. Now, the tone used to discuss the United States has suddenly shifted. game,” the article continued, describing a visit by Mr. Xi to the United States in 2012. “Veterans visit Chinese cities, anticipating everlasting China-U.S. friendship,” one headline declared.
Persons: Xi Jinping, Xi, , Organizations: Xinhua, American Ballet Theater, Philadelphia Orchestra, Veterans Locations: United States, , States, Iowa, China, Japan
and USA Basketball, Kim Kardashian was sitting in her office in Calabasas, Calif., framed by two picture windows that offered views of manicured green lawns, and talking about size. Her long hair was dark brown again, after another brief platinum period, and framed her face as neatly as the view outside. I don’t really start out to do anything not the biggest possible.”This is Kim the mogul. Founded four years ago, the brand went from being valued at $1.6 billion in 2021 to $4 billion last summer. In between, it became the official underwear outfitter of Team U.S.A. for the 2021 Tokyo Olympics, and won the 2022 Innovation Award from the Council of Fashion Designers of America.
Persons: Skims, Kim Kardashian, , Kim, Kanye, MJ Corey, Organizations: USA, Team U.S.A, of Fashion Designers of America Locations: Calabasas , Calif, , Skims
But the action that will have longer-term ramifications for the league, and the media and entertainment landscape, is happening off the court. The companies holding the rights to show N.B.A. Discovery, the parent company of TNT — are collectively paying the league $24 billion over nine years for that privilege. Interest rates are high, Wall Street is demanding profitability over growth, and streaming has reconfigured the entertainment industry. The result of the N.B.A.’s negotiations will say a lot about the future of broadcast networks, the cable bundle, streaming services and the sports media ambitions of technology companies.
Persons: LeBron James, Nikola Jokic Organizations: Basketball, Disney, ESPN, ABC, Warner Bros, TNT
Days after Mat Ishbia reached a deal in December to buy majority stakes in the N.B.A.’s Phoenix Suns and the Phoenix Mercury of the W.N.B.A., he met with top executives to learn more about the teams’ business operations, including how local fans were able to watch their games on TV. The executives detailed three possibilities going forward, including sticking with Diamond Sports Group, which owned the regional sports network that for more than a decade had held the rights to show the teams’ games. It might cost the teams money in the short term, but the bet was that it would help them reach more fans, including those who dropped their cable subscriptions or, like many younger fans, never had one. “What was interesting was the amount of people that were reaching out to me on social media about how they couldn’t watch the Suns games,” Mr. Ishbia said in an interview, adding: “It’s their team. To not be able to watch your game wasn’t an option that we were interested in.”
Persons: Mat Ishbia, Ishbia, ” Mr, It’s, Organizations: Phoenix Suns, Phoenix Mercury, Diamond Sports Group, Diamond Sports, Suns, Mercury
Davidson listed its favorite long-term plays, giving investors a way to stick it out as markets face a tough month and quarter. Equities have dropped in recent months as investors worry about the possibility — and impact — of persistent interest rate hikes. As of Wednesday's close, the S & P 500 is slated to finish the month down 5.2% and the quarter is off by about 4%. The stock has seen some of the highest year-to-date gains on the list, up more than 54% in 2023. The stock has plunged nearly 19% so far this year, putting it at an attractive entrypoint for long-term gains, according to the firm's investment philosophy.
Persons: D.A, Davidson, Rudy Kessinger, Goldman Sachs, Manuel Navas, Gary Tenner Organizations: CrowdStrike Holdings, Financial, . Corp, Axos, Axos Bank, Tractor Supply, Microsoft
How Often Do Women Think About … ?
  + stars: | 2023-09-20 | by ( Sopan Deb | More About Sopan Deb | ) www.nytimes.com   time to read: +2 min
And because the internet is an endless expanse of Content, this has spurred a reverse trend, where women and nonbinary people have wanted to weigh in with their own Roman Empires, loosely defined as the topics one privately contemplates more than anyone realizes. forward: “I think about just so many different things all at once. Vaynblat has multiple Roman Empires, too — the alien one and then a more serious one: motherhood. A friend who will stay.”Min Jin Lee, author of the novel “Pachinko,” described her equivalent of the Roman Empire as “Colonial America,” a subject of her college thesis. In particular, Lee said she often sees “obsequiousness” to France and England as common throughout American institutions.
Persons: , , Tom Holland, Diana, isn’t, Vaynblat, , I’m, Min Jin Lee, Lee, she’s Organizations: Twitter, Boston, Colonial, Indigenous Locations: Boston, Caribbean, Colonial America, France, England
And young Michigan residents, though in smaller numbers than before, continue to follow relatives into jobs at the auto plants. Her overnight shift helping to build Ford Broncos is physically demanding, she said, and it pays just enough to cover her bills. From her place on the picket line this week, she said she hoped the work stoppage would lead to improvements. “I think everything is going to work, we’re going to get what we deserve,” Ms. Brown said. Still, she said, “I wonder how long this strike is going to be, how long they’re going to wait.”
Persons: , Tyler Theile, Detroit’s N.B.A, Heaven Brown, Ms, Brown, Organizations: Anderson Economic Group, Pistons, Fords, Wayne, Ford Broncos Locations: Michigan, Detroit, Flint, Lansing
Some Businesses Make ‘Woke Free’ a Selling Point
  + stars: | 2023-09-18 | by ( Santul Nerkar | ) www.nytimes.com   time to read: +1 min
Mr. Isaac, who is Black, turned that singular moment in July 2020 — when he decided not to join many other N.B.A. players in kneeling during the national anthem as the league restarted in a Covid “bubble” setting in Orlando, Fla. — into a platform as a conservative political activist. In 2022, he spoke at a rally of Christian nationalists and anti-vaccine Americans and wrote a book about why he did not join the protest. Most companies used to do everything they could to avoid political controversies and, by extension, risk alienating potential customers. Seemingly everything in the United States is political now, including where you shop for socks and leggings.
Persons: Jonathan Isaac, Orlando, Isaac, , ” “, Mr Organizations: National Basketball, Black Americans Locations: Orlando, Fla, , United States
Carrying a Torch for the Liberty
  + stars: | 2023-09-16 | by ( Amir Hamja | Monique Jaques | Sara Ziegler | ) www.nytimes.com   time to read: +1 min
Liberty fans have waited 27 seasons for a W.N.B.A. The atmosphere at Barclays Center was electric for New York’s opening postseason game against the Washington Mystics. Those fans were rewarded with a Liberty win, 90-75, behind 29 points from Sabrina Ionescu and 20 from Jonquel Jones. The game started as a tense back-and-forth affair, but the Liberty took a narrow lead into halftime, and they never relinquished it. After the Liberty wrapped up the regular season with a 32-8 record, expectations were high that they could take the championship.
Persons: didn’t, Malala Yousafzai, Billie Jean King, Teresa Weatherspoon, Sabrina Ionescu, Jonquel Jones, Ionescu Organizations: Liberty, Barclays Center, Washington Mystics, Brooklyn Nets, Las Vegas Aces
It was a Sunday afternoon in early July, and Jamal Murray had been in Las Vegas for a few days — enough time for the city to wear out anyone. Murray, the Nuggets’ star point guard, was less than a month removed from helping the franchise win its first N.B.A. He had spent the previous night feting his friend Alexander Volkanovski, U.F.C.’s featherweight champion, after Volkanovski won U.F.C. Murray had joined him for several hours before the fight and had been struck by how at ease Volkanovski was. The fighter had been happy to laugh and joke with Murray despite an important bout awaiting him later that evening.
Persons: Jamal Murray, , , , he’d, Murray, Alexander Volkanovski, Volkanovski Organizations: Denver Nuggets, Nuggets Locations: Las Vegas
Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.
Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, , Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, , Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, , Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, , St, Johns Hopkins, Wash
player Jimmy Butler of the Miami Heat is one of the many boldface names who have come out for her matches. They were in the house on Friday for Gauff’s third-round win over Elise Mertens. Butler was there, too, and returned for her fourth-round win over Caroline Wozniacki on Sunday. He started putting her on the court in matches against players who were more advanced in their development than she was. More often than not, she found a way to win.
Persons: Jimmy Butler, Justin Bieber, Hailey, Elise Mertens, Butler, Caroline Wozniacki, Patrick Mouratoglou, Serena Williams, Mouratoglou Organizations: Miami Heat, Gauff
“I’ll always be grateful for his kindness, generosity, and great performances through the years, including at the White House in 2000,” he wrote on X, formerly known as Twitter. “My thoughts are with his family, friends, and legion of devoted fans.”Major sports franchises and fellow entertainers also recognized the singer’s death on social media. Mr. Leritz recalled that Mr. Buffett said: “I’ve never done this before. Any tips?” He said he advised Mr. Buffett to treat the scene like a normal conversation — deliver the lines and genuinely listen to what the other actor is saying. Eventually Mr. Leritz pieced together whom he had been talking to, and now, he said, it’s a memory he holds dear.
Persons: , Jimmy Buffett, Biden, Bill Clinton, “ I’ll, , Buffett, Jimmy, Toby Keith, ” Lawrence Leritz, Leritz, didn’t, “ I’ve Organizations: , White, White House, Miami Heat N.B.A Locations: American
In his nearly three decades at Sports Illustrated before becoming executive editor, the journalist L. Jon Wertheim bounced all over the world of sports, covering mixed martial arts, the N.B.A., sports psychology and pool hall hustlers. He became a correspondent for “60 Minutes” in 2017, and is now an on-air analyst for the Tennis Channel, where he covers the four Grand Slam tournaments, including the U.S. Open, which runs this year through Sept. 10. Mr. Wertheim, 53, has also written or co-written 10 books, including “Strokes of Genius,” which painstakingly annotates every shot of the 2008 Wimbledon men’s final between Roger Federer and Rafael Nadal. But until recently, his weekends were devoted to family life. The couple’s two children, Ben, 22, and Allegra, 19, are in college.
Persons: Jon Wertheim, Wertheim, Roger Federer, Rafael Nadal, , , Ellie Wertheim, Allegra Organizations: Sports Illustrated, , Tennis, U.S ., Wimbledon Locations: Chelsea
A street gang in Milwaukee allegedly stole millions of dollars in Covid-19 pandemic relief money that was then used to carry out a murder and purchase guns and drugs, among other items, according to a federal indictment. The indictment was returned by a grand jury in the U.S. District Court for the Eastern District of Wisconsin and unsealed in May. The alleged leader of the gang, Ronnell Bowman, and another defendant, Ronnie Jackson, were charged with the April 2021 killing of an individual named only as N.B. The fraud methods Bowman allegedly taught other gang members resulted in the theft of millions of dollars of Covid relief money, Kwaterski told the judge during the hearing. The indictment alleges that the "Wild 100s" filed fraudulent claims for Pandemic Unemployment Assistance in California and several other states.
Persons: Ronnell Bowman, Ronnie Jackson, Bowman, Jackson, Laura Kwaterski, Kwaterski Organizations: Eastern, Eastern District of, U.S Locations: Milwaukee, Covid, U.S, Eastern District, Eastern District of Wisconsin, Houston, California
Frances Tiafoe Is Ready
  + stars: | 2023-08-28 | by ( Lulu Garcia-Navarro | ) www.nytimes.com   time to read: +2 min
After I beat Rafa Nadal at last year’s Open, I felt like I was looked at totally different. You don’t realize what you’re doing, how crazy it is, while you’re doing it because you’re doing it. I think afterward, going home and buying little things at CVS and ladies are like, “Oh my god, I can’t believe this is you.” It’s been crazy. The famous guy wants to hang out, and he can do it at that time, but you maybe need to not do that. You know, like, going on “The Shop” with LeBron — stuff that I’ve wanted to do, but scheduling just hasn’t quite worked out.
Persons: You’re, You’ve, It’s, Rafa Nadal, ” It’s, Matt Damon, can’t, LeBron, I’ve, You’ll Organizations: CVS
Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. pellicle — a thin skin or film:Chestnuts, a holiday favorite, don’t make it easy for us to cook them at home. The pellicle, its sticky inner skin, clings to the nut and can give it a bitter taste. This is achieved less by rethinking motivations than by burrowing into the language, far richer than I imagined. — The Best Coffee Break Is an Affogato (Aug. 11, 2021)The list of the week’s easiest words:
Persons: pellicle, chyme, Jimmy, yecch, , Brunie, McDermott, , , Forest Simmons, Michael Starbird, Su, dotard, Seana McKenna, Ben Carlson, cortado, Maillard, enby, Taylor Mason, Asia Kate Dillon, , clayey, bombe Organizations: Charter, Education, Andersen, Russian Locations: New York, Ontario, Copenhagen, Morningside Heights, Manhattan
It’s at 12 percent this year, according to a National Bureau of Economic Research working paper, and Bitcoin’s price has risen more than 75 percent from its 2022 low. Crypto conviction — or just curiosity — is not something that merits condescension from the olds and scolds of personal finance. It just requires you to ask a few questions about who you are and why you find crypto alluring. It is true that younger adults are more open to this way of putting money to work. If you’re under 40, you’re more likely to own crypto than people over 60, according to the N.B.E.R.
Persons: It’s, Sam Bankman, you’re, You’re Organizations: National Bureau of Economic Research Locations: United States
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