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Kevin McCarthy on Saturday forcefully defended House passage of a 45-day stopgap spending bill. The bill, if passed by the Senate, will fund the government through November and avert a shutdown. But the bill was backed by 209 Democrats and 126 Republicans, with 90 Republicans voting against the measure (only one Democrat voted against the bill). Funding for additional Ukraine aid and border security provisions were not included in the stopgap bill — which frustrated many Democrats and Republicans, respectively. AdvertisementAdvertisement"If someone wants to make a motion against me, bring it," the speaker said during an afternoon news conference.
Persons: Kevin McCarthy, McCarthy, , Matt Gaetz Organizations: Senate, Service, Saturday, House, ultraconservative, Republicans, GOP, California Republican Locations: Florida, California
Morning Bid: Markets catch breath after bruising recoil
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: +5 min
China's markets will also be disrupted by Golden Week holidays next week. Ten-year Treasury yields hit another 16-year high at 4.56% on Tuesday before dialling back a bit on Wednesday, with 10-year real yields hitting 14-year peaks at 2.24%. Risk spreads in junk bond and overseas sovereign bond markets are also creeping higher again, with exchange-traded U.S. junk bond funds hitting their lowest since May and Italy's government bond yield premium over Germany widening too. Worrying for many investors this week has been how bond yields have climbed despite weaker economic signals and how stock and bond losses are correlating again. World markets were more mixed, with China's bourses managing some gains ahead of the big holiday week.
Persons: Mike Dolan, Goldman Sachs, Jerome Powell's, Neel Kashkari, shakeout, Shorter, China's bourses, Michelle Bowman, Jane Merriman Organizations: Federal Reserve, Minneapolis Fed, Golden, Nasdaq, Big Tech, U.S . Federal Trade Commission, Costco, China Evergrande, HK, United, Treasury, Micron, Paychex Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Washington, Germany, United States
Washington CNN —In her new book “Enough,” former White House aide Cassidy Hutchinson paints the closing days of the Trump White House as even more chaotic and lawless than she previously disclosed in her shocking televised testimony last summer. “We killed Herman Cain,” Meadows told Hutchinson and asked for his wife’s phone number. Unlike White House communications director Alyssa Farah, who resigned on December 3, 2020, or deputy White House press secretary Sarah Matthews, who left on January 6, 2021, Hutchinson remained. In the summer of 2017, Trump’s first year in office, Hutchinson was an intern in Sen. Ted Cruz’s office. It turns out, Hutchinson writes, that she coordinated with Farah, who is now a CNN political commentator, telling her everything she knew.
Persons: Washington CNN —, Cassidy Hutchinson, Donald Trump, Mark Meadows, Trump, Rudy Giuliani gropes Hutchinson, Kevin McCarthy, Joe Biden, “ Cass, ” Meadows, Hutchinson, Cassidy Hutchinson's, Simon, Schuster, Meadows, , ” Hutchinson, Herman Cain, Covid, furtively, Hunter Biden, Tony Bobulinski, Mark ’ Meadows, National Intelligence John Ratcliffe, Tom Brenner, McCarthy, Ken Paxton, ” Trump, Trump . Hutchinson, Devin Nunes, “ Mark doesn’t, , Tony Ornato, Mike Flynn, Sidney Powell, Patrick Byrne, Derek Lyons, Brad Raffensperger, Pat Cipollone, Cipollone, Tony, , ” Ornato, They’re, Giuliani, Rudy Giuliani, Brendan Smialowski, Alyssa Farah, Sarah Matthews, Donald Trump’s, Hey Cass, Kimberly Guilfoyle’s, , , Kayleigh McEnany, Wisconsin Tom Brenner, Trump’s, Sen, Ted Cruz’s, didn’t, Stefan Passantino, Passantino, “ Stefan, Andrew Harnik, Farah, Liz Cheney, Jobs Organizations: Washington CNN, White, Trump White House, Trump, Capitol, White House, GOP, CNN, Secret Service, Republican National Committee, National Intelligence, Texas, Meadows, Georgia, State, Biden, Capitol Hill, Getty, Team Trump, Legislative Affairs, Press, Air Force, Texas Republican Locations: Tulsa , Oklahoma, North Carolina, Meadows, Fulton, Georgia, AFP, Russia, you’re, California, Wisconsin, Texas, Florida
MILAN (AP) — A hush fell over the Fendi runway as the front-row filled with supermodels signaling the show was about to begin: Naomi Campbell, Linda Evangelista and Kate Moss had taken their seats. Kim Jones’ Spring-Summer 2024 collection for Fendi unveiled during the first day of Milan Fashion Week on Wednesday was a twist on knitwear, anchored by leather. The first look set the tone: A form-hugging color-block knit dresses in mocha, baby blue, salmon and ivory, with a double sash trailing at the waist lending drama and movement. Slinky, clinging monochrome knit dresses had peekaboo cutouts. A chunkier ribbed knit gave a chenille-soft appearance in a long jacket and skirt with a healthy front slit.
Persons: Naomi Campbell, Linda Evangelista, Kate Moss, Kim Jones, Fendi, Knitwear, trop, Jones —, Karl Lagerfeld, , Demi Moore, Cristina Ricci, Gwendoline Christie, Naomi Watts Organizations: MILAN, Fendi Locations: Milan, mocha
I learned to roller skate. I used the skate key to affix the metal skates to the soles of my red oxfords, a worn-out pair of shoes my mother held in reserve for playing outside. Without a care, I tested my mettle, staring down the rasp from the top of the hill, and took off — whoosh! But before I could take a second breath, the clamp on my left skate came loose. Attached only by a tattered strap, it dangled treacherously from my ankle, while my right foot rocketed on, detached and indifferent to the plight at hand.
Persons: , , ” — Spencer, Locations: Amsterdam, Convent, Harlem
"Deception has succeeded against Russian forces at all echelons and across all three service branches," the report said. A Russian drone had earlier damaged a tank there, and Afanasyev wanted to make sure it didn't happen again. AdvertisementAdvertisementThe company says over 250 of these decoys have so far been handed over to the Ukrainian military. In eastern Ukraine's Popasna, a base used by the mercenary pro-Russian Wagner Group was bombed to rubble by Ukrainian troops in April 2022. Ukraine's 110th brigade then "worked effectively to attack the Russian soldiers," he said.
Persons: it's, Ivan Oleksii, Oleksii, Cmdr, Oleksandr Afanasyev, Afanasyev, Vladimir Solovyov, Wagner, Igor Russak, Ukraine's, Huw Dylan, David Gioe, Joe Littell Organizations: Service, Royal United Services Institute, Russian, Getty, Kremlin, Wagner, Russian Wagner, Wired, Purpose, Center for Information Resilience, 25th Airborne Brigade, Modern War Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Russian, Kyiv, Makiivka, Lyman, Donetsk, St Petersburg, Ukraine's, Avdiyivka, Europe, Izium, Kharkiv, Kherson
SYDNEY, Aug 24 (Reuters) - Australia's Trade Minister Don Farrell has dangled easier access to the country's vast critical minerals sector as part of negotiations over a free trade agreement with the European Union ahead of possible further talks as soon as next week. Farrell told Reuters in an interview on Thursday that a free trade agreement would simplify European investment in the country's burgeoning critical minerals sector, in part by smoothing access through mandatory Foreign Investment Review Board (FIRB) screening. "One of the big advantages we've got in this relationship is our access to critical minerals, rare earths, hydrogen and ammonia," Farrell said. "Other countries are looking to invest in our critical minerals and other renewables. Australia was an especially attractive place for critical minerals investment from the United States under U.S. Inflation Reduction Act rules because it was one of the few countries to have both mineral deposits and a free trade agreement with the U.S., said Farrell.
Persons: Don Farrell, Farrell, China, we've, they've, Annalena Baerbock, teleconference, Dombrovskis, Lewis Jackson, Kirsty Needham, Michael Perry Organizations: SYDNEY, Australia's Trade, European Union, Reuters, Investment, Board, Foreign, U.S, EU, Trade, Thomson Locations: Australia, Germany, China, Sydney, Europe, Japan, South Korea, Singapore, United States
Children receive first aid after they were rescued from the stranded chairlift, in Battagram, Pakistan August 22, 2023. "I can't tell you what we experienced yesterday when one cable of the cable car suddenly snapped and we were stranded in the air," said Faraz, who at 20 years old was the only adult aboard, and the only person with a cell phone. The journey by cable car usually took just a matter of minutes, whereas travelling on the rough mountain roads and tracks takes hours. "Our first priority was to secure the children," caretaker Prime Minister Anwar ul Haq Kakar said, describing the feat as "near impossible". Those prayers were answered for Faraz and the children.
Persons: Gul Faraz, Faraz, Anwar ul Haq Kakar, Kakar, Mushtaq Ali n, Asif Shahzad, Simon Cameron, Moore, Andrew Heavens Organizations: REUTERS Acquire, Commandos, Geo, Reuters, Thomson Locations: Battagram, Pakistan, PESHAWAR, Jhangri, Battangi, Karachi, Mushtaq Ali n Peshawar, Islamabad
Islamabad, Pakistan CNN —Battling anxiety and nausea, they huddled together in the ruptured cable car, gripped by fear as they dangled precariously hundreds of feet in the air. A soldier slings down from a helicopter during a rescue mission to recover students stuck in a cable car in Khyber Pakhtunkhwa province, Pakistan on August 22. As they waited to be rescued, two of the students in the cable car were slipping in and out of consciousness, one of the passengers told Pakistani outlet Geo News. Battagram district, where the cable car is located, is deeply impoverished and lacks infrastructure and development. Last December, 12 children were rescued from another cable car in eastern Khyber Pakhtunkhwa.
Persons: Tanveer Ur Rehman, , Anwaar ul Haq Kakar Organizations: Pakistan CNN, AFP, Geo, Battagram, Twitter, Cable Locations: Islamabad, Pakistan, Khyber Pakhtunkhwa, Batangi, Battagram, Battagram district
A cable car carrying six children and two adults dangled hundreds of meters (feet) above the ground in a remote part of Pakistan after it broke on Tuesday, trapping the occupants for hours before rescuers arrived in helicopters to try to free them. Army commandos could be seen on local TV trying to lower themselves on ropes from the choppers toward the cable car. An expert warned the rescue was incredibly delicate because the wind created by the helicopters' blades could further weaken cables holding the car aloft. "Let us pray that those trapped in the cable car are safely rescued," Sultan said. In 2017, 10 people were killed when a cable car fell into a ravine hundreds of meters (feet) deep in the popular mountain resort of Murree after its cable broke.
Persons: Taimoor Khan, Haq Kakar, Tipu Sultan, Khan, Sultan Organizations: Army, Helicopters, Twitter Locations: Khyber Pakhtunkhwa, Pakistan, Battagram district, Murree
By choosing to hold the summit at Camp David, Mr. Biden has signaled that he understands the gravity of the moment. The good news for Mr. Biden is that the relationship between Tokyo and Seoul is improving. As President Barack Obama’s special assistant and later assistant secretary of state for East Asia, I saw firsthand the disruptive effects of friction between Japan and South Korea. China and North Korea have proven themselves adept at exploiting such differences. North Korea has in the past dangled the possible return of Japanese citizens said to have been abducted by Pyongyang decades ago, partly in an effort to curry favor with Tokyo and get it to ease some sanctions imposed on North Korea.
Persons: Camp David, Mr, Biden, David, Yoon, Kishida, Barack Obama’s Organizations: David Accords, South Koreans, Korean, U.S Locations: Camp, Washington, Israel, Egypt, Tokyo, Seoul, Japan, China, East Asia, South Korea, North Korea, American, Korea, Pyongyang, Beijing, Okinawa
The era of cheap streaming is officially over
  + stars: | 2023-08-10 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +3 min
“The advertising marketplace for streaming is picking up,” Iger told investors on the quarterly earnings call. The announcement puts to an end much of the initial allure that led to the popularity of streaming. That served as the genesis of the streaming era, with legacy entertainment companies such as Disney racing to launch their own direct-to-consumer products at unsustainably low costs. Couple that reality with the introduction of ads into streaming and the end product eerily resembles on-demand cable. It’s an ironic end to the streaming wars.
Persons: CNN —, pesky, Bob Iger, Iger, ” Iger, , Organizations: CNN, Netflix, Disney, Hulu, Media, Paramount, Warner Bros Locations: Magic
Opinion | The Economic Case for Taxing Star Athletes
  + stars: | 2023-07-31 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
OK, it’s time for another round of “Are Star Athletes Overpaid?” I hope to bring some economic theory to bear on this well-worn question. As usual, which side you take will say a lot more about you than it says about the star athletes. It’s never a bad time to argue over athletes’ pay, but now is a particularly good one. The supply of star athletes is extremely limited, so they can demand a high price for their (nonessential) services. (Unless you’re dying of thirst in the desert, in which case you would give a pocketful of diamonds for a single glass of water.)
Persons: It’s, Kylian Mbappé, Tiger Woods, Jaylen Brown, Justin Herbert, Mbappé, Adam Smith, Smith Organizations: The Times, Athletic, Nations Locations:
India can aim lower in its chip dreams
  + stars: | 2023-07-05 | by ( Pranav Kiran | ) www.reuters.com   time to read: +3 min
BENGALURU, July 5 (Reuters Breakingviews) - India’s semiconductor dreams are facing a harsh reality. After struggling to woo cutting-edge chipmakers like Taiwan Semiconductor Manufacturing (2330.TW) to set up operations in the country, the government may now have to settle for producing less-advanced chips instead. Prime Minister Narendra Modi wants to “usher in a new era of electronics manufacturing” by turning India into a chipmaking powerhouse. Mining conglomerate Vedanta’s $19.5 billion joint venture with iPhone supplier Foxconn (2317.TW) has stalled; plans for a separate $3 billion manufacturing facility appear to be in limbo, Reuters reported in May. Aiming lower could be just what India’s chip ambitions need.
Persons: Narendra Modi, China's, It’s, Ashwini, Robyn Mak, Thomas Shum Organizations: Reuters, Taiwan Semiconductor Manufacturing, Micron Technology, Micron, Taiwan’s, Zion Market Research, Semiconductor Industry Association, Financial, Thomson Locations: BENGALURU, China, India, U.S, Gujarat, Zion, , New Delhi, Taiwan, Washington, Beijing
CNN —Tom Cruise – he’s just like us. Speaking in London ahead of the release of “Mission Impossible: Dead Reckoning Part One,” Cruise shared that, yes, he feels fear. “It’s more fun to finish a ‘Mission Impossible’ movie, for sure,” he said. “It’s a huge relief when it’s all behind you and everybody’s safe.”Tom Cruise and Rebecca Ferguson in "Mission: Impossible - Dead Reckoning Part One." “I think he’ll be jumping off things when he’s 100.”“Mission Impossible: Dead Reckoning Part One” is released in cinemas worldwide starting July 12.
Persons: Tom Cruise –, ” Cruise, “ It’s, , Cruise, Ethan Hunt he’s dangled, Christopher McQuarrie, , Tom Cruise, Rebecca Ferguson, CNN’s Becky Anderson, McQuarrie, Simon Pegg, Ving Rhames, Benji Dunn, Pegg, Tom, he’s, ” Pegg, Hayley Atwell, Pom, Hunt, Atwell, ” Esai Morales, , ” McQuarrie, “ We’ve, we’ve, we’re, “ There’s, there’s, “ I’m, I’m, Ethan Hunt Organizations: CNN, Paramount, Paramount Pictures Locations: London, Norway, Abu Dhabi, Venice, Italy, Paris, Africa
A Mother Had Three Minutes to Address Her Son’s Killer
  + stars: | 2023-06-27 | by ( Jack Healy | ) www.nytimes.com   time to read: +1 min
The night before Adriana Vance addressed her son’s killer in a Colorado courtroom, she was still searching for the right words. She had spent days struggling to write a statement about her son, Raymond Green Vance, 22, one of the five people killed last November in a shooting rampage at Club Q in Colorado Springs. Image Raymond Green Vance, 22, had just gotten a new job and was saving for his own apartment when he was killed in a mass shooting. Courtesy of the family of Raymond Green VanceBecause most mass shooters do not live to see a trial, there is often no such moment after their attacks. Should those minutes be spent focusing on lost loved ones, or condemning the killer, or even offering forgiveness, as families did after a racist massacre inside a Charleston church?
Persons: Adriana Vance, Raymond Green Vance, dangled, Raymond’s, Vance, , Organizations: Q Locations: Colorado, Colorado Springs, American, Parkland, Fla, Pittsburgh, Charleston
James Cameron recently addressed the implosion of a Titanic-bound submersible that killed 5 people. Cameron told ABC News that he has visited the shipwreck on his own expeditions 33 times. CBS via Getty Images; Steve Granitz/FilmMagicIn June 2023, a submersible owned by diving company Oceangate, which was carrying five people to see the Titanic shipwreck at around 13,000 feet under the surface, lost contact with its mothership. Years before the expedition, experts, including OceanGate's own director of marine operations, had raised concerns about the safety of the vessel. In another interview with CNN, Cameron said he knew "in my bones" that the submersible had imploded before it was announced.
Persons: James Cameron, Cameron, Steve Granitz, I'm, Organizations: ABC News, CBS, Getty, US Coast Guard, CNN
The Tesla Supercharger network could remove the last barrier to EV ownership. Long-standing barriers to EV ownership like battery range and price are finally being addressed, leaving one last obstacle for many would-be EV-owners: access to public fast-charging stations. Tesla has the largest fast-charging network in North America, with about 20,000 Superchargers that previously only connected to Tesla vehicles. A recent study of EV infrastructure done by iSeeCars found that of the 150,000 EV chargers in the US, only about 30,000 are fast chargers (including the Tesla Supercharger network). Only about 11,000 of those fast chargers are non-Tesla chargers so opening up the Supercharger network does make a difference – but doesn't solve the problem.
Persons: Tesla, Long, Karl Brauer, We've, Brauer, iSeeCars, Rivian, Dan Ives Organizations: EV, Morning, Ford, GM, Tesla EV, Tesla Locations: North America
PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California. The Justice Department's Antitrust Division has informed the PGA Tour it will review the organization's proposed merger with Saudi-funded LIV Golf, a source told NBC News on Thursday. The Justice Department and LIV Golf declined to comment. The PGA Tour policy board will have to approve the agreement, Monahan told players in a memo. The PGA Tour revealed Tuesday that Monahan is currently recovering from an unspecified medical matter and is taking a leave of absence.
Persons: LIV, LIV Golf, Democratic Sens, Elizabeth Warren of, Ron Wyden, Sen, Richard Blumenthal, Conn, Wyden, Saudi Arabia's Crown Prince Mohammed bin Salman, LIV dangled, Donald Trump, Jay Monahan, Monahan Organizations: Farmers Insurance, Torrey Pines, Department's Antitrust, PGA, Saudi, NBC, Justice, LIV, CNBC, PGA Tour, Democratic, Oregon, DOJ, Investment Fund, Saudi Arabia's Crown, Tour Locations: San Diego , California, Elizabeth Warren of Massachusetts, New Jersey
A Chinese property developer is offering gold bars to buyers in a desperate bid to boost home sales. According to The Guardian and local media outlets, the property developer in question is Huafa Group, which is based in Hangzhou, a city in eastern China. Disgruntled buyers are raging over the gold barsHowever, some buyers have been kept waiting for the promised gold after purchasing a flat. A staff member at Huafa told Insider the Huafa Hui Tianfu development had "nothing to do" with them. Flashy giveaways are commonplace in China's property marketThis is not the first time Chinese property developers have dangled freebies to entice homebuyers.
Persons: , they've, monthslong, Hui Tianfu, China's, Zhu, Xian, Shao, Xiao Qiang, homebuyers Organizations: Service, Guardian, Weibo, China's Twitter, Huafu Group, Jiemian, Huafa, Qianjiang Evening, Estate Development Corporation, China Index Academy, Bloomberg, Wall Street Locations: Hangzhou, China, Hangzhou Yuejia
Barbie likely wouldn't exist if Mattel's founder hadn't stumbled across Bild Lilli, a plastic doll based on a comic strip. The first Barbie doll, from 1959, had Lilli's red lips, high blonde ponytail, and winged eyeliner. But these dolls had flat chests, big bellies, and squatty legs – they were built like overweight six- or eight-year-olds," Handler wrote. The newspaper began making Lilli dolls in 1955 because of the comic's popularity and to market the newspaper. "Here were the breasts, the small waist, the long, tapered legs I had enthusiastically described for the designers all those years ago," Handler wrote.
Persons: Barbie, hadn't, Ruth Handler, , Ruth Handler —, Mattel —, Barbara, Handler, Lilli, SSPL, Axel Springer publication's, Reinhard Beuthein, Robin Gerber, Ruth, Gerber, Elliot, Frederic Neema, Mattel, Lobel, Greiner, Louis Marx, Marx, Fiona Hanson, Hausser Organizations: Bild Lilli, Service, Mattel, Getty Images, Hausser, Getty, Greiner, Hausser's Locations: Europe, Lucerne, Swiss, Los Angeles, Lilli, New York
How US allies can mitigate Trump 2.0
  + stars: | 2023-05-29 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
LONDON, May 29 (Reuters Breakingviews) - A return to the White House by Donald Trump would create challenges for the world’s other rich democracies. TRUMP IN POLYCRISISBiden has painstakingly created a consensus with his core allies since Putin invaded Ukraine last year. PREPARE FOR THE WORSTThe world’s other rich democracies - call them the G6 - cannot change the outcome of the U.S. presidential election. Politicians in other rich democracies can also try to persuade Republican leaders that now is not the time to abandon Kyiv. If other rich democracies adopt a vigorous mitigation strategy now, they’ll be better prepared if Trump does return.
Russia has expanded its list of sanctioned Americans in a tit-for-tat retaliation for the latest curbs imposed by the United States. But what is particularly striking is how much President Vladimir V. Putin of Russia is adopting perceived enemies of former President Donald J. Trump as his own. Brad Raffensperger, the secretary of state of Georgia who rebuffed Mr. Trump’s pressure to reverse the outcome of the 2020 election, also made the list. None of those three has anything to do with Russia policy and the only reason they would have come to Moscow’s attention is because Mr. Trump has publicly assailed them. He also refused to commit to supporting Ukraine in its war against Russia if he is elected president again, saying instead he would seek to mediate between Kyiv and Moscow.
Newmont’s $19 bln gold deal lacks investor sparkle
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, May 15 (Reuters Breakingviews) - Newmont (NEM.N) boss Tom Palmer has finally dug out a deal with rival Newcrest Mining (NCM.AX). After months of discussions the two sides on Sunday agreed to an all-share transaction that values the Australian target’s enterprise at A$28.8 billion ($19.3 bln). The logic is that absorbing Newcrest will boost the Canadian buyer’s output of gold and copper. In return, the U.S. group is paying a punchy 27% premium to its prey’s stock price before their merger haggling went public. That implies an after-tax return on Newmont’s investment of around 7%, roughly in line with its cost of capital.
Yannick Nézet-Séguin, the Metropolitan Opera’s music director, dressed in a blazing sapphire jacket and trim black pants, stood before a mirror backstage on a recent afternoon and smiled. “Oh my God, it’s so good,” he said, waving his baton. His outfit was modeled on one worn onstage by a band leader in Franco Zeffirelli’s classic production. Could the golden braid that dangled from his right shoulder be fastened, so it did not create a distraction in the pit? Was the jacket comfortable enough to accommodate the sweeping gestures that the music demanded?
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