DIRS.INFO The most relevant business & tech news

☆ Biden Tries to Silence His Doubters by Lashing Out at the ‘Elite’
▼ + stars: | 2024-07-10 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

He was the favorite of the Democratic Party elite. As he faces perhaps the most perilous moment of his political career, Mr. Biden has switched from defense to offense, taking a page out of his predecessor’s playbook to try to quash an internal uprising over his age and capacity. Rather than just try to show that he is up to the job, Mr. Biden has opted to push back against those who say he is not. “He has to show he’s a fighter; that’s critical,” said Cornell Belcher, a Democratic pollster who worked on Barack Obama’s presidential campaigns. “They see him as weak, not strong, which is connected to being too old,” Mr. Belcher said, referring to voters.

Persons: Donald J, Biden, ”, playbook, Cornell Belcher, Barack Obama’s, “, Mr, Belcher Organizations: Democratic Party elite, Trump, Democratic

☆ A rare voice box transplant helped a cancer patient speak again, part of a pioneering study
▼ + stars: | 2024-07-09 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Transplants of the so-called voice box are extremely rare, and normally aren’t an option for people with active cancer. “People need to keep their voice,” Kedian, 59, told The Associated Press four months after his transplant – still hoarse but able to keep up an hourlong conversation. Dr. Michael Hinni, center left, Dr. Payam Entezami, center, and Dr. David Lott, center right, operate on transplant patient Marty Kedian in Phoenix in February. But Belafsky said there’s “still a shot” for larynx transplants to become more common while cautioning it likely will take years more research. Mayo Clinic via APKedian was diagnosed with a rare laryngeal cartilage cancer about a decade ago.

Persons: Marty Kedian, –, ” Kedian, “, ”, David Lott, Mayo’s, Michael Hinni, Payam, haven’t, ” Lott, Mayo, Marshall Strome, Peter Belafsky, UC Davis, Belafsky, there’s “, Girish Mour, AP Kedian, wouldn’t, Gina, Lott, Dr, Sanjay Gupta, Kedian, he’d, Charlotte Organizations: Washington AP, U.S, Surgeons, Mayo Clinic, Associated Press, Cleveland Clinic, University of California, American Cancer Society, UC, AP, Mayo, CNN, CNN Health Locations: Massachusetts, Arizona, Phoenix, Mayo, U.S, Davis, Cleveland, Haverhill , Massachusetts, Boston

☆ For Kamala Harris, the Challenge of Getting Ready Without Getting Ready
▼ + stars: | 2024-07-09 | by ( Peter Baker | Katie Rogers | ) www.nytimes.com time to read: +1 min

In these days of uncertainty at the White House, Vice President Kamala Harris is sticking close to President Biden physically and politically, determined not to let anyone say that she has been anything other than completely loyal. With Mr. Biden’s future on the line, perhaps no one is in a more delicate position than Ms. Harris. As a practical matter, though, she has to ignore the chatter and disclaim any interest unless Mr. Biden reverses course and passes her the baton. Al Sharpton, the civil rights leader, who spoke with Ms. Harris on Friday night at the Essence Festival of Culture in New Orleans. “But the job of vice president is awkward.”

Persons: Kamala Harris, Biden, Biden’s, Harris, “, ”, Al Sharpton Organizations: Democratic, White, White House, Essence, Culture Locations: New Orleans, “

On Today’s Episode:U.S. Officials Say Russia Is Unlikely to Take Much More Ukrainian Territory, by Julian E. Barnes and Eric SchmittBiden Says He Is ‘Firmly Committed’ to Staying in the Race, by Michael D. ShearParkinson’s Expert Visited the White House Eight Times in Eight Months, by Emily Baumgaertner and Peter BakerFollowing Trump’s Lead, Republicans Adopt Platform That Softens Stance on Abortion, by Maggie Haberman, Shane Goldmacher and Jonathan Swan

Persons: Julian E, Barnes, Eric Schmitt Biden, ‘, ’, Michael D, Emily Baumgaertner, Peter Baker, Maggie Haberman, Shane Goldmacher, Jonathan Swan Organizations: Officials Locations: Ukrainian Territory

☆ In New York, a Lunch With Extravagant Jewelry and Local Dim Sum
▼ + stars: | 2024-07-09 | by ( Coco Romack | ) www.nytimes.com time to read: +1 min

On a Tuesday afternoon in early June, Robínson invited seven friends to a lunch celebrating both their 13th year living in the New York area and the launch of their 13th collection from their jewelry line, Isshī. “This is my 13 going on 13 event,” Robínson said with a laugh. The venue was the Chinatown showroom of the lighting design company Blue Green Works, co-founded by Robínson’s friend Peter B. Each place setting had a banana-leaf mat, and hanging over the table was a flared green glass pendant lamp that called to mind a palm tree; together, the details made the space feel like a jungle oasis. It was a fitting place to see Isshī’s resort 2025 collection, in whose press materials Robínson likened the experience of heartbreak to a plane crashing into the rainforest: Modular leather-cord necklaces, crystal-embellished bracelets and hand-felted lamb’s-wool corsages all resembled carnivorous plants.

Persons: Robínson, ” Robínson, Robínson’s, Peter B, felted Organizations: Green, Staples Locations: New York, Chinatown

☆ Parkinson’s Expert Visited the White House Eight Times in Eight Months
▼ + stars: | 2024-07-08 | by ( Emily Baumgaertner | Peter Baker | ) www.nytimes.com time to read: +1 min

An expert on Parkinson’s disease from Walter Reed National Military Medical Center visited the White House eight times in eight months from last summer through this spring, including at least once for a meeting with President Biden’s physician, according to official visitor logs. The expert, Dr. Kevin Cannard, is a neurologist who specializes in movement disorders and recently published a paper on Parkinson’s. The logs, released by the White House in response to a request from The New York Times, document visits from July 2023 through March of this year. It was unclear whether Dr. Cannard was at the White House to consult specifically about the president or whether he was there as part of unrelated meetings with the White House medical team. “A wide variety of specialists from the Walter Reed system visit the White House complex to treat the thousands of military personnel who work on the grounds,” Andrew Bates, a White House spokesman, said in a statement.

Persons: Walter, Biden’s, Kevin Cannard, Cannard, Cannard’s, Donald J, Trump, Barack Obama, Walter Reed, ” Andrew Bates Organizations: Walter Reed National Military Medical Center, White House, White, The New York Times Locations: “

☆ The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
▼ + stars: | 2024-07-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The S&P 500 will plunge 32% in 2025 as a recession finally hits the US economy, BCA Research predicts. The firm said the Fed will fail to prevent a recession as it takes its time cutting interest rates. And perhaps most importantly, the Fed's plan to blunt any economic decline via interest rate cuts simply won't work. For example, the average mortgage rate paid by consumers is around 4%, compared to current mortgage rates of around 7%. That means even if the Fed cuts interest rates and mortgage rates decline, the average mortgage rate paid by consumers will continue to rise.

Persons: —, Peter Berezin, Berezin Organizations: BCA Research, Service, Federal, Wall

☆ Opinion | Joe Biden, in the Goodest Bunker Ever
▼ + stars: | 2024-07-07 | by ( Maureen Dowd | ) www.nytimes.com time to read: +1 min

When I saw the Michael Shear story in The Times on July 4, recounting how President Biden had stumbled talking to Black radio hosts days after his debate debacle, telling one he was proud to have been “the first Black woman to serve with a Black president,” I knew it spelled trouble. First of all, if any white man could claim to be “the first Black woman” in the Oval, it was Bill Clinton. Black fans called him “the first Black president” and feminist fans called him “the first woman president.”Second of all, we were entering a new post-debate examination period with President Biden, where his every word would be scrutinized. He was always a fast and voluminous talker, and as he has gotten older, the words and ideas sometimes tumble out in the wrong order. Also, he’s more slurry now, so words get smushed together, and words and thoughts collide; words get dropped, caesuras skipped, and sentences sometimes trail off into the ether.

Persons: Michael, Biden, ”, Bill Clinton, caesuras, Peter Baker Organizations: White House Locations: Times, mumble

☆ Crisis? What Crisis? Biden Rejects Democratic Pessimism
▼ + stars: | 2024-07-06 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

All sounds fine in President Biden’s world. For Mr. Biden, the crisis seen by so many Democrats who are not on his payroll — and by some who are — is nothing more than another bump in the road, another obstacle to overcome as he always has. His prime-time interview that aired on ABC News on Friday night was an exercise not just in damage control but in reality control. For much of his long and storied political career, Mr. Biden has succeeded through sheer force of will, defying the doubters and the skeptics and the scorners to prove that he could do what no one expected. “You really see a president in denial and in a bubble,” Julián Castro, a former housing secretary who ran against Mr. Biden for the Democratic nomination in 2020, said in an interview.

Persons: Biden’s, Biden, Donald J, Trump, “, Julián Castro, he’s, ” Organizations: ABC, Mr, Democratic

☆ Varying Treatment of Biden and Trump Puts Their Parties in Stark Relief
▼ + stars: | 2024-07-05 | by ( Peter Baker | ) www.nytimes.com time to read: 1 min

One of America’s political parties has a presidential candidate who is really old and showing it. The other has a presidential candidate who is a convicted felon, adjudicated sexual abuser, business fraudster and self-described aspiring dictator for a day. And also really old. One of the parties is up in arms about its nominee and trying to figure out how to replace him at the last minute. The spectacle of the week since the nationally televised debate between President Biden and former President Donald J. Trump has thrown into sharp relief two political parties that agreed to be led by flawed putative nominees whose vulnerabilities have become even more painfully apparent just months before the election.

Persons: Biden, Donald J, Trump

☆ You'll get a rejection email with feedback if you don't get hired at this company
▼ + stars: | 2024-07-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Peter Berg, founder of Forward, a consulting firm that hires globally remote engineers for startups, wants to change that. About a month ago, Berg announced that Forward would provide data and context to every applicant once a role is closed. Berg told Business Insider that Forward does its best not to waste people's time during the application or interview process through lengthy exams or assignments. Melissa Bashur told BI that the insight she received allowed her to better understand the current job market. He also said individual contributors who don't have experience with hiring tend to be more in the dark about the process.

Persons: —, Peter Berg, Berg, it's, Melissa Bashur, Bashur, they're Organizations: Service, Business, LinkedIn

On Today’s Episode:Biden’s Lapses Are Said to Be Increasingly Common and Worrisome, by Peter Baker, David E. Sanger, Zolan Kanno-Youngs and Katie RogersDemocrats Go Public With Panic About Biden Amid Fears of an Electoral Debacle, by Catie Edmondson, Kellen Browning and Nicholas NehamasJudge Delays Trump’s Sentencing Until Sept. 18 After Immunity Claim, by Ben Protess, William K. Rashbaum, Kate Christobek and Wesley Parnell

Persons: Said, Peter Baker, David E, Sanger, Zolan Kanno, Katie Rogers, Biden, Catie Edmondson, Kellen Browning, Nicholas Nehamas, Ben Protess, William K, Rashbaum, Kate Christobek, Wesley Parnell Organizations: Go

☆ Investing in Space: Why military contracts are crucial for space companies
▼ + stars: | 2024-07-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The first orbital rockets, satellites, and even the Apollo architecture were born of the military and its aerospace contractors. Historically, the biggest defense contractors have long been the winners of the largest space contracts – and that's still true today. The top pure-play space companies get a significant, if not majority, amount of revenue from military work under contracts from the U.S. and its allies. And the importance of military contracts is also going further upstream, as venture capital looks more explicitly toward startups that are winning and delivering on early military deals.

Persons: CNBC's Michael Sheetz, I'm, Peter Beck, Beck Organizations: Pentagon, U.S . Space Force, NASA, SpaceX, Space Force, NRO Locations: U.S, Ukraine, China, Taiwan

☆ This company sends rejection feedback emails to every job applicant. It's made a big difference.
▼ + stars: | 2024-07-02 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Peter Berg, founder of Forward, a consulting firm that hires globally remote engineers for startups, wants to change that. About a month ago, Berg announced that Forward would provide data and context to every applicant once a role is closed. Berg told Business Insider that Forward does its best not to waste people's time during the application or interview process through lengthy exams or assignments. One woman posted on LinkedIn about the experience and said Forward offered her the "BEST" rejection letter. Melissa Bashur told BI that the insight she received allowed her to better understand the current job market.

Persons: —, Peter Berg, Berg, it's, Melissa Bashur, Bashur, they're Organizations: Service, Business, LinkedIn

☆ Biden’s Family Tells Him to Keep Fighting as They Huddle at Camp David
▼ + stars: | 2024-06-30 | by ( Katie Rogers | Peter Baker | ) www.nytimes.com time to read: +1 min

President Biden’s family is urging him to stay in the race and keep fighting despite last week’s disastrous debate performance, even as some members of his clan privately expressed exasperation at how he was prepared for the event by his staff, people close to the situation said on Sunday. Mr. Biden huddled with his wife, children and grandchildren at Camp David while he tried to figure out how to tamp down Democratic anxiety. While his relatives are acutely aware of how poorly he did against former President Donald J. Trump, they argued that he could still show the country that he is capable of serving for another four years. Aides were burning phone lines over the weekend to prevent major elected officials and financial supporters from abandoning him. Hunter Biden wants Americans to see the version of his father that he knows — scrappy and in command of the facts — rather than the stumbling, aging president Americans saw on Thursday night.

Persons: Biden’s, Biden, Camp David, Donald J, Trump, Mr, Hunter Biden, — scrappy

☆ Opinion: The real loser in the first presidential debate
▼ + stars: | 2024-06-28 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +28 min

CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.

Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, —, Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, ”, “, ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, “, Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States

☆ Warren Buffett says he'll put his $130 billion fortune into a charitable trust run by his children after he dies
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Warren Buffett's vast fortune will go into a charitable trust when he dies, the billionaire told The Wall Street Journal. Susie Buffett chairs the education and social justice-oriented Sherwood Foundation, and the Susan Thompson Buffett Foundation, focused on reproductive rights. Howie Buffett heads the Howard G. Buffett Foundation, which is involved in food security and the mitigation of conflict and human trafficking. Since 2006, the 93-year-old billionaire has already been contributing to the four foundations run by his children, as well as to the Bill & Melinda Gates Foundation Trust. Until 2021, he served as a trustee of the Gates Foundation.

Persons: Warren, —, Warren Buffett, Berkshire Hathaway, Susie, Howie, Peter Buffett, Susie Buffett, Susan Thompson Buffett, Howie Buffett, Howard G, I'm, Buffett, Melinda Gates Organizations: Wall Street, Gates, Service, Sherwood Foundation, Susan Thompson Buffett Foundation, Buffett Foundation, NoVo Foundation, Melinda Gates Foundation Trust, Gates Foundation, Berkshire Locations: Berkshire

☆ The White House Brushed Off Questions About Biden’s Age. Then the Debate Happened.
▼ + stars: | 2024-06-28 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

Ever since President Biden announced last year that he would run again, those in his inner circle closed ranks and brushed off the obvious question: No, they insisted, he was not too old to seek re-election. Republicans were posting wildly distorted video clips on social media making him look more feeble than he actually is. Hand-wringing Democrats fretting over the prospect of an octogenarian president turning 86 by the end of a second term were just “bed-wetters.”Then the debate happened. And now the days of denial at the White House are over. Struggling to contain a brush fire of alarm within the Democratic Party, his team is now forced to confront the issue head on.

Persons: Biden, Donald J, Barack Obama, James E Organizations: fretting, Trump, Democratic Party, Biden, Democratic Locations: Raleigh, N.C, Atlanta, South Carolina

☆ A Halting Performance
▼ + stars: | 2024-06-28 | by ( German Lopez | ) www.nytimes.com time to read: 1 min

They hoped that President Biden, 81, could convince voters that his age was nothing to worry about. Biden’s voice was hoarse and halting. “Rather than dispel concerns about his age,” wrote my colleague Peter Baker, Biden “made it the central issue.”Some Democrats are now pushing for him to drop out of the race. “Biden is about to face a crescendo of calls to step aside,” a Democratic strategist told Peter. It has run dry.”Donald Trump, 78, delivered his false statements with conviction, affirming many voters’ concerns about his character and the threat he poses for democracy.

Persons: Biden, Donald Trump’s, “, ”, Peter Baker, Biden “, “ Biden, Peter, “ Joe, Donald Trump Organizations: Democratic

☆ The Fed needs more time to determine appropriate rate path, says BofA's Michael Gapen
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed needs more time to determine appropriate rate path, says BofA's Michael GapenPeter Boockvar, Bleakley Financial Group CIO; Diane Swonk, KPMG chief economist; Michael Gapen, Bank of America Securities head of U.S. Economics; and CNBC’s Steve Liesman join 'The Exchange' to discuss the latest economic data.

Persons: BofA's Michael Gapen Peter Boockvar, Diane Swonk, Michael Gapen, Steve Liesman Organizations: Bleakley Financial, KPMG, Bank of America Securities, Economics

☆ Warren Buffett gives away another $5.3 billion, says his children will manage his estate
▼ + stars: | 2024-06-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. After Friday's donations, Buffett owns 207,963 Berkshire A shares and 2,586 B shares, worth about $130 billion. He told the Journal that the Bill & Melinda Gates Foundation will no longer receive donations after his death. Buffett resigned as a trustee at the Gates Foundation in June 2021 in the midst of Bill and Melinda Gates' divorce.

Persons: Warren Buffett, Berkshire Hathaway, Melinda Gates, Susan Thompson Buffett, Howard, Susan, Peter Buffett, Buffett, haven't, we've, Charlie Munger, Greg Abel Organizations: Berkshire, Berkshire Class, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Oracle, Wall Street Journal, Gates Foundation Locations: Omaha , Nebraska, Omaha, Berkshire, Douglas

☆ S&P 500 to tumble 30% as recession hits later this year, says BCA Research
▼ + stars: | 2024-06-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

U.S. stocks are set to drop more than 30% as a recession hits the U.S. economy in the coming months, BCA Research predicts. We conservatively expect the S & P 500 to drop to 3750 during the coming recession," Chief Global Strategist Peter Berezin wrote in a note Tuesday. The calculation is conservative because it assumes that S & P 500 revenue rises in line with nominal gross adjusted product, he explained. .SPX 1Y mountain S & P 500's one-year performance BCA Research said it sees several feedback loops that will weaken the economy. Absent "overwhelming evidence" of an imminent recession risk, the central bank will be reluctant to cut rates aggressively, he said.

Persons: Peter Berezin, Berezin, JPMorgan's Dubravko Organizations: Research, Tech, Wall, CNBC

☆ A Fumbling Performance, and a Panicking Party
▼ + stars: | 2024-06-27 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

President Biden hoped to build fresh momentum for his re-election bid by agreeing to debate nearly two months before he is to be formally nominated. Instead, his halting and disjointed performance on Thursday night prompted a wave of panic among Democrats and reopened discussion of whether he should be the nominee at all. Rather than dispel concerns about his age, Mr. Biden, 81, made it the central issue. Practically in despair, some took to social media to express shock, while others privately discussed among themselves whether it was too late to persuade the president to step aside in favor of a younger candidate. “Biden is about to face a crescendo of calls to step aside,” said a veteran Democratic strategist who has staunchly backed Mr. Biden publicly.

Persons: Biden, Mr, Donald J, —, “ Biden, ”, “ Joe Organizations: Trump, Democratic

☆ Yen plummets to lowest point in nearly four decades
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYen plummets to lowest point in nearly four decadesPeter Boockvar, Bleakley Advisory Group CIO, joins CNBC's 'Squawk Box' to discuss why the Japanese yen is at its lowest level since 1986, expectations from Japan's central bank, and more.

Persons: Peter Boockvar Organizations: Bleakley

☆ Joe Biden: The Old-School Politician in a New-School Era
▼ + stars: | 2024-06-26 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

President Biden was peeved. Yet there was Mr. Schumer, the Senate Democratic leader, on the floor bashing Republicans for playing “a dangerous and risky partisan game.”Mr. Biden called Mr. Schumer to chide him. Senator Mitch McConnell, the Republican leader, had backed down to help avoid a fiscal crisis. The Joe Biden who will defend his presidency at a nationally televised debate on Thursday night remains a practitioner of old-school politics in a new-school era. The hostility, the anger, the polarization, the “beating up” that define today’s national debate, yes, he knows all about that.

Persons: Biden, Chuck Schumer, Schumer, Mr, chide, Mitch McConnell, ”, Joe Biden, Lyndon B, Johnson Organizations: Democrats, Democratic, Republican Locations: Washington

Search resuls for: "Peter B"

25 mentions found