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☆ UBS sees shift in new billionaires away from entrepreneurs to inherited wealth
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

The number of billionaires rose by 7% to 2,544 people globally, UBS said in its 2023 Billionaires Ambitions Report, with their total worth rising by 9% to an estimated $12 trillion. For the first time since the study started in 2015, billionaires accumulated more wealth via inheritance than through their own business activities. Among the 137 new billionaires, a total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion, the bank said. The study highlighted a trend away from self-made billionaires, created by the tech industry boom and symbolised by the rise of Tesla boss Elon Musk and Amazon founder Jeff Bezos. Still, despite the large inherited wealth, this did not necessarily mean a new generation of super-rich 20 somethings.

Persons: Denis Balibouse, Benjamin Cavalli, Cavalli, Elon Musk, Jeff Bezos, Michael Viana, King Charles, John Revill, David Evans Organizations: UBS, Credit Suisse, REUTERS, Rights, UBS Global Wealth Management, Amazon, Thomson Locations: Swiss, Zurich, Switzerland, flotations

☆ What one Swiss bank's troubles can tell us about market vulnerabilities — and social media
▼ + stars: | 2023-11-30 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client. The 606 million Swiss franc exposure to one client — via three loans to different entities within a European conglomerate — is collateralized by commercial real estate and luxury retail, the company revealed. The bank last week booked provisions of 70 million Swiss francs to cover the risk of a single borrower in its private loan book. The European Central Bank recently examined the commercial real estate sector and the provisioning methods and capital buffers of European banks.

Persons: Julius Baer, Signa, Julius Baer's CET1, DBRS Morningstar, Vitaline Yeterian, Elisabeth Rudman, Julius Baer's Organizations: Julius Baer Group, Austrian, DBRS, CNBC, European Central Bank, Swiss Locations: Zurich, Switzerland, Swiss

FLORHAM PARK, N.J. (AP) — Aaron Rodgers' improbable comeback from a torn Achilles tendon has taken the next step. The New York Jets opened the 21-day practice window for the quarterback on Wednesday — exactly 11 weeks after he had surgery — with Rodgers cleared for some football activities. Rodgers tore his Achilles tendon four snaps into his debut with the Jets on Sept. 11 and had surgery two days later. Sure, but that's OK. That's his ‘why’ — that's why he's (doing it). “I promise Aaron is not going to do anything that puts himself in harm’s way if he's not healthy to play,” Saleh said.

Persons: — Aaron Rodgers, Rodgers, Robert Saleh, Saleh, there's, Aaron, ” Saleh, ”, “, He's, Mekhi Becton, Achilles, Pat McAfee, “ It’s, Tim Boyle, Zach Wilson, Cam Akers, Justin Hardee, Wes Schweitzer, Allen Lazard, ___ Organizations: New York Jets, Jets, Washington, ”, warmups, AFC, NFC, Atlanta Falcons, Los Angeles Rams, Super, Atlanta Locations: FLORHAM, N.J

☆ Paris metro ticket prices set to almost double during 2024 Olympics
▼ + stars: | 2023-11-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Tourists are set to pay almost twice the usual price of Paris Metro tickets during the 2024 Olympics and Paralympics that will take place in the French capital from July to September next year. "We will create a new [transport] pass, the Paris 2024 Pass, that will allow visitors to move across the entire Île-de-France. Videos that appeared to show bedbugs on the Paris metro, the city's Charles de Gaulle airport and trains in the country have spread on social media, sparking concerns in early autumn. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Valerie Pecresse, Pecresse, Paris Mayor Anne Hidalgo, Charles de Gaulle Organizations: Paris Metro, CNBC, Olympics, Paris Mayor, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: France, Paris, U.S

Carson Beck and Jalen Milroe had to replace big-name quarterbacks at programs with national title-or-bust expectations. His turning point may have come in the SEC opener against South Carolina, when Beck rallied Georgia from a 14-3 halftime deficit to win 24-14. And Milroe has done something even Young couldn't do last season: lead the Tide to the SEC title game. Then Milroe was back, leading the Tide to a perfect SEC season and making their biggest play in the Iron Bowl. Besides the similarities of replacing star passers, Beck and Milroe share another common ground.

Persons: Carson Beck, Jalen Milroe, Beck, Stetson Bennett, Milroe, Bryce Young, Nick Saban, “ He’s, Milroe's, Isaiah Bond, ” Beck, “, We’ve, Kirby Smart, Lamar Jackson, ” Smart, they've, Young couldn't, Tyler Buchner, Ty Simpson, ” Milroe, ”, Bennett, Young, Saban Organizations: Alabama, Southeastern Conference, South, Crimson Tide, Auburn, Iron, Bulldogs, SEC, Baltimore Ravens, Tide, Heisman, AP Locations: Georgia, South Florida, Texas, ” Alabama, Alabama, South Carolina, Florida, New York

In truth, negotiators have been working for months and hope to release the text of a final bill as soon as this week. The National Defense Authorization Act, or NDAA, is one of the few major pieces of legislation Congress passes every year, a practice started in 1961. The Democratic-led Senate's version of the bill, which passed with broad support from both parties, did not address such issues. "The House bill includes several provisions to require accountability from this administration and to end the 'woke' policies being forced on service members by left-wing bureaucrats," Rogers said. Representative Adam Smith, the top House Armed Services Democrat, called for compromise, saying, "Threatening the ability of DoD to function as we force our way to get what we want is a dangerous game to play."

Persons: Leah Millis, Mike Rogers, Rogers, Adam Smith, Patricia Zengerle, Cynthia Osterman Organizations: U.S . Capitol, REUTERS, Rights, House Armed Services Committee, National Defense, Ukraine, Republican, Democratic, Republicans, Armed Services Democrat, DoD, Thomson Locations: Washington , U.S

☆ NATO navies are worried about Russia using its unique weapons to pick a fight on territory nobody controls
▼ + stars: | 2023-11-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Recent damage to undersea pipelines and cables in Europe has raised concern among NATO members. AdvertisementThe emphasis on defending underwater infrastructure is visible in the alliance's operations. The annual Dynamic Messenger exercise includes a focus on protecting critical underwater infrastructure and involves information exchanges between alliance militaries and private-sector actors. OLE BERG-RUSTEN/NTB/AFP via Getty ImagesProtecting underwater infrastructure is no simple task, however. AdvertisementThe situation becomes more complicated because underwater infrastructure often passes through international waters, muddling the legal framework around its protection and making a response harder.

Persons: —, David Cattler, Shawn Coover, Adm, Ben Key, Jens Köhler, JEF, Andrey Luzik, Key, Constantine Atlamazoglou Organizations: NATO, Service, Finnish Border Guard, REUTERS, Steam, US Marine Corps, Staff, British Royal Navy's, Royal Navy, Getty, Joint Expeditionary Force, Norwegian Coast Guard, OLE BERG, Russia Ministry of Defense, Directorate, Fletcher School of Law, LinkedIn, Twitter Locations: Europe, Russia, NATO's, Estonia, Finland, Baltic, Norway, Norwegian, Germany, Ukraine, Hiddensee, Nordic, AFP, Severomorsk

☆ How the U.S. courted the Philippines to thwart China
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +14 min

What followed was two trips to the United States in less than a year for Marcos, and visits to the Philippines by high-ranking Biden administration officials. Marcos’ predecessor, the populist firebrand Rodrigo Duterte, was openly hostile to the United States and attempted to bring his country closer to communist China during his six-year term. For the United States, cementing alliances in the Asia-Pacific region is likewise crucial to keeping China in check. China’s Foreign Ministry, in a statement to Reuters, characterized China and the Philippines as “close neighbors across the sea” with a common interest in friendship. At the time, he said the cancellation of his visa was the latest in a list of “gripes and disrespect” by the United States.

Persons: Ferdinand “ Bongbong ” Marcos Jr, Joe Biden, Marcos, Gregorio Maria Araneta III, “, ” Araneta, Biden, Kamala Harris, Antony Blinken, Defense Lloyd Austin, Julio Amador III, Marcos ’, Rodrigo Duterte, China’s, Xi Jinping, ” Marcos ’, Ferdinand Marcos Sr, ”, Marcos family’s, Washington, Duterte, China “, Becca Wasser, Wasser, Barack Obama, Xi, “ I’ve, ” Duterte, Ronald “ Bato, dela Rosa, Dela Rosa, gripes, Toribio Adaci, hadn’t, Blake Herzinger, Herzinger Organizations: Reuters, U.S, Defense, ., Party, China, U.S . State Department, ” Reuters, Philippine, United, Foreign Ministry, ” ‘, People’s Liberation Army, Center, New, New American Security, CNAS, U.S . Department of Defense, U.S ., Initiative, Philippines National Economic Development Authority, United States, Philippine National Police, Washington, Forces, VFA, Mutual, China’s, U.S . Pacific Fleet, Cooperation Locations: Philippines, Philippine, Manila, United States, U.S, China, America, Asia, Taipei, Taiwan, Beijing, South, East Asia, Pacific, Washington, Hawaii, South China, It’s, American, Japan, South Korea, Australia, New American, Taiwan . U.S, Duterte, China’s, Guangdong

☆ Some electric vehicles can charge while they drive thanks to special coils installed under a street in Detroit
▼ + stars: | 2023-11-29 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

A street in Detroit, Michigan has newly installed induction charging coils. The coils charge some electric vehicles when they're parked, driving, or idling. AdvertisementCrews have installed what's billed as the nation's first wireless-charging public roadway for electric vehicles beneath a street just west of downtown Detroit. Copper inductive charging coils allow vehicles equipped with receivers to charge up their batteries while driving, idling, or parking above the coils. The wireless-charging roadway helps puts Michigan and Detroit at the forefront of electric vehicle technology, officials said.

Persons: —, Crews, Gretchen Whitmer, Stefan Tongur, Tongur, Electreon, Biden, Bradley C, Wieferich Organizations: Service, Michigan Department of Transportation, Michigan Central Innovation District, Ford Motor Co, Michigan Central, Michigan Gov, Smart, Department of Transportation Locations: Detroit , Michigan, Detroit, Israel, Sweden, Italy, Germany, Michigan, United States

☆ Why some 40 Israeli hostages may have gone missing in Gaza
▼ + stars: | 2023-11-28 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

AdvertisementSix experts on hostage-negotiation efforts, who spoke to Business Insider, explained how Hamas might have been able to allow hostages to go missing in Gaza. "You've got to appreciate that there's lots of confusion, with the fact that Gaza is essentially a warzone," he told Business Insider. Hamas rounded up a lot of hostages on October 7, and Gaza quickly found itself in a state of chaos amid Israeli retaliatory strikes. All of the aboveFor Chris White, the co-founder of Negotiation Global, who has experience of hostage negotiations in Gaza, hostages going missing could be plausibly explained by all of the above explanations. He told Business Insider: "Is it possible that some hostages escaped?

Persons: —, Scott Walker, You've, Brian Carter, Lebanon's, Hans, Jakob Schindler, Schindler, I've, There's, Roni Krivoy, Rachel Briggs, Boaz Ganor, Ganor, Chris White, Hamas doesn't Organizations: Business, Service, Financial Times, UN, Hamas, Martyrs ' Brigade, Wall, Counter, Factory, Israel's Reichman University, Negotiation Locations: Israel, Gaza, al, Jihad

☆ Family offices move money out of stocks and into private markets
▼ + stars: | 2023-11-28 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

A survey of North American family offices conducted by Campden Wealth and RBC found that family offices had 29.2% of their investments in private markets, which include private equity, venture capital and private debt, compared to 28.5% in publicly traded stocks. It marks the first time in the survey that family offices had more invested in private markets than public stock. "Family offices have maintained a consistent pattern of augmenting their allocations to private markets," according to the study. Family offices say private markets offer better returns over the long term without the volatility of stocks. Along with private markets, family offices are also showing increasing interest in alternative assets, including real estate and commodities.

Persons: Angie O'Leary Organizations: Campden Wealth, RBC, RBC Wealth Management Locations: New York City, China, North America

☆ Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 28 (Reuters) - Hewlett Packard Enterprise (HPE.N) beat estimates for quarterly profit on Tuesday due to easing costs but unfavorable macroeconomic conditions led to a dour forecast for the current quarter. On an adjusted basis, the "edge-to-cloud" firm earned 52 cents per share, beating analysts' average estimate of 50 cents, according to LSEG data. In the fourth quarter, Texas-based HPE's net revenue fell 7% to $7.35 billion, marginally below estimates of $7.36 billion. Compute, its largest segment, reported revenue of $2.60 billion for the quarter, down nearly 31% from a year earlier. Annualized revenue run rate, a measure of future revenue, was up 39% at $1.30 billion in the quarter ended Oct. 31.

Persons: Brendan McDermid, Arsheeya, Maju Samuel Organizations: Hewlett Packard Enterprise Co, New York Stock Exchange, REUTERS, Hewlett Packard Enterprise, IT, Accenture, India's Tata Consultancy Services, Thomson Locations: New York City, U.S, HPE, Texas, Bengaluru

☆ Charlie Munger death: Warren Buffett’s business partner in Berkshire Hathaway passes away, aged 99
▼ + stars: | 2023-11-28 | by ( Paul R. La Monica | Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died. Berkshire Hathaway, the investment firm where Munger served as vice chairman, said in a press release that Munger passed “peacefully” on Tuesday morning in a California hospital. Charles Thomas Munger, known by his nickname, “Charlie,” was born on January 1, 1924, in Omaha, Nebraska. Buffett told CNBC in 2021 that after their first meeting, he knew “I’m not going to find another guy like this …. “If people weren’t so often wrong, we wouldn’t be so rich,” Munger said during a 2015 Berkshire Hathaway annual shareholders meeting.

Persons: Charlie Munger, Warren Buffett, Berkshire Hathaway, Munger, Charles Thomas Munger, “ Charlie, ”, Wall, Munger’s, “ Berkshire Hathaway, Charlie, Mohamed El, ” Whitney Tilson, Buffett, “, ” Munger, “ I’m, CNN Munger, — CNN’s Nicole Goodkind Organizations: New, New York CNN, Berkshire, US Army, University of Michigan, Harvard Law School, Berkshire Hathaway, Erian, Allianz, CNN, Forbes, CNBC, Xerox, Daily Journal Locations: New York, “, ”, California, Omaha , Nebraska, Southern California, Japan, Omaha, Berkshire, Munger, Los Angeles

☆ Paris metro ticket price to double during 2024 Olympics
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Paris metro ticket prices will almost double during the 2024 Olympics, the French capital region's president said on Tuesday, adding that residents with passes would be shielded from the temporary rise and visitors would be charged "a fair price". "During the Olympics and the Paralympics, the Ile de France region will dramatically increase its transport offer. "We're going to create a new pass, the Paris 2024 pass, that will allow visitors to travel through the whole Ile de France region. Last week, Paris mayor hit out at Pecresse, saying the French capital would not be ready in terms of transport. Pecresse said that it was crucial that the Paris region residents be spared.

Persons: Gonzalo Fuentes, Valerie Pecresse, Pecresse, Clement Beaune, it's, Julien Pretot, Lucien Libert, Alexander Smith, Pritha Organizations: French, REUTERS, Rights, Paris, Thomson Locations: Paris, France, Pecresse

☆ The 'Korea discount': Value stock or value trap?
▼ + stars: | 2023-11-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A cameraman takes video footage of a stock index board showing South Korea's benchmark stock index (L) after a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Chaebol challengeIn South Korea, most market heavyweights are corporations called "chaebols," large family-owned global conglomerates that are usually controlled by the founder's family. However, IHS Markit highlighted in June last year that in South Korea, the ex-dividend date comes before the companies' dividend announcement dates. With such challenges, should investors be putting their money into South Korea stocks — or should they stay away? "If authorities continue to improve the investment environment further, the chances for the South Korean stock index to be included in the [MSCI World Index] will grow," he said.

Persons: Jung Yeon, JUNG YEON, Vikas Pershad, Jiang Zhang, Jeremy Tan, Zhang, Hebe Chen, Chen, Ryota Abe Organizations: South, Korea Exchange, Getty, Management, North, CNBC, Samsung Electronics, LG, SK, Hyundai, Samsung, Tiger Fund Management, IHS, South Korea's Financial Services Commission, IG International, Sumitomo Mitsui Banking Locations: South Korea, Korea, Seoul, North Korea, Korea's, Southeast Asia

CNN —Almost three years on from its bloody coup, Myanmar’s military junta is facing the biggest threat to its hold on power as it fights wars on multiple fronts across the Southeast Asian nation. Junta airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have killed thousands of civilians to date, including children, and displaced about 2 million people. Stringer/AFP/Getty ImagesCNN has reached out to Myanmar’s military spokesperson for comment on the recent fighting but has not received a response. Stringer/AFP/Getty ImgesIn the jungles of southeast Kayah state, fighting has raged near the state capital Loikaw. Video filmed and published by the Karenni Nationalities Defense Force appears to show Myanmar army soldiers surrendering to rebels at Loikaw University who are filmed treating their injuries.

Persons: ”, Matthew Arnold, ” Arnold, Min Aung, Aung, Suu Kyi, “, Bo Nagar, Stringer, Myint Swe, Chin Shwe Haw, Nan Diya, Lalmalsawma Hnamte, Lin Lin, Ye Myo Hein, May, – “, Karen, Chin state’s Matupi, Tian Junli, Arnold, Myanmar’s, it’s, Suu Organizations: CNN, United Nations, National Unity Government, Junta, Myanmar, UN, Administration Council, Burma National Revolutionary Army, National Liberation Army, Alliance, Myanmar National Democratic Alliance Army, Arakan Army, ”, Getty, Reuters, Loikaw, Karenni Nationalities Defense Force, Loikaw University, Resistance, Burma People’s Liberation Army, Brotherhood Alliance, United States Institute of Peace, Wilson Center, Border Guard Forces, China, Global Times, PLA Southern Theater Command Locations: Myanmar, Myanmar’s, Suu, Yangon, Mandalay, Burma, Namhsan Township, Shan State, AFP, Arakan, China, ”, Shan, Chin, Muse, Rakhine, Pauktaw, Lashio, Kayah, Mizoram, “, Sagaing region, Asia, Kawkareik, Karenni, Sagaing, India, Thailand, Bangladesh

☆ Berkshire Hathaway vice chairman Charlie Munger dies at 99
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +12 min

Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.

Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, ”, Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, —, STEVE SOSNICK, “, ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL

☆ What to pack to help you sleep on overnight trains, from someone who has spent 120 hours on them
▼ + stars: | 2023-11-27 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

I've spent 120 hours on six overnight train rides in the US and Europe. AdvertisementOver the last two years, I've spent 120 hours on six sleeper trains, from Amtrak rides along the East Coast to overnight trains in Europe. I didn't just pack any sleep mask; I packed my NodPod weighted sleep mask. AdvertisementThe author uses her NodPod sleep mask on an overnight train in Europe. Joey Hadden/Business InsiderThe NodPod paired with earplugs helped me get the best sleep I've ever had on an overnight train.

Persons: I've, —, Joey Hadden, earplugs Organizations: Service, Amtrak Locations: Europe, East, Italy, Austria

BOULDER, Colo. (AP) — Colorado quarterback Shedeur Sanders missed the season finale at Utah on Saturday due to a fracture in his back, according to a YouTube video posted by “Well Off Media.”The site is run by one of coach Deion Sanders' children and has been tracking the Buffaloes with behind-the-scenes footage throughout the season. The title of the video was, “Colorado Ends Their Season 4-8 With Loss To Utah: PAC 12 Refs Are TERRIBLE: Shedeur’s Injury.”It's unclear when Shedeur Sanders suffered the injury. He was sacked 52 times this season behind a struggling offensive line that Deion Sanders has pledged to bolster before next season. Shedeur Sanders needed at least two pain-numbing injections this season to get through games and a few days off from practice every so often to recover from hits. It was a roller-coaster first season for Deion Sanders after he was brought in to turn around a 1-11 program.

Persons: Shedeur Sanders, Deion Sanders, Sanders, “, ”, ” Shedeur Sanders, Sefo Liufau, Liufau Organizations: — Colorado, Buffaloes, Utes, Arizona State, Folsom, AP Locations: BOULDER, Colo, Utah, Colorado

☆ We just got a first look at McDonald's secretive new spinoff restaurant CosMc's
▼ + stars: | 2023-11-27 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +2 min

McDonald's has been reluctant to share many details about its planned new restaurant concept CosMc's. AdvertisementWe know just a bit more about CosMc's, McDonald's super-secret new restaurant concept based on an obscure McDonaldland character from the late '80s. Scott FredricksonA Google Maps search indicates the building is a former Boston Market restaurant that is indeed next door to a McDonald's. CosMc's on Google Maps Google MapsScott Fredrickson posted a few photos of the building's exterior on Facebook. The building appears to have a blue exterior and the CosMc's sign logo has a retro feel.

Persons: McDonald's, —, Chris Kempczinski, TikToker Snackloator, Snackloator, Scott Fredrickson, CosMc's Organizations: Service, Google, Boston Market, Facebook Locations: Bolingbrook , Illinois, CosMc's, Boston

☆ Round and Round We Go: Circular Strolls Near London
▼ + stars: | 2023-11-27 | by ( Susanne Fowler | More About Susanne Fowler | ) www.nytimes.com time to read: +1 min

For example, a 70-minute train ride from Liverpool Street station to the town of Manningtree in Essex county is the starting point for discovering the Stour Valley scenery that inspired the painter John Constable. The approximately 3½-hour, 7½-mile trail passes through the village of Dedham, once a flourishing textile center, and where Constable attended grammar school. Depending on the season, you might see five-petal primroses in sun-dappled hedgerows, cowslips on grasslands where sheep graze, dainty white wood anemones or even orchids. On the 4-hour, 8½-mile walk from Limpsfield in Surrey (30 minutes from London Bridge station), famed for its carpet of sweet-scented bluebells in late spring, bird-watchers can listen for nightingales or spot hawks circling overhead. I chose this destination because it included the pebble beach along Sandwich Bay and because I’ve always wanted to tick a box off my bucket list by having a sandwich in Sandwich.

Persons: John Constable, Constable, I’ve Organizations: Liverpool Street, London Locations: Manningtree, Essex county, Dedham, Limpsfield, Surrey, Wye, London’s St, Pancras, Sandwich, Kent, St

The time for upsets have come and gone with little chaos in college football and not much movement in the AP Top 25 for much of the season. Political Cartoons View All 1265 ImagesLast year the Top 25 teams heading into championship weekend had lost 59 games. Maybe a little, but Reality Check will always find places to ponder the rankings. 9 Missouri (10-2)Next: TBDReality check: Tigers have the SEC's leading rusher in RB Cody Schrader, a former D-II transfer and walk-on, and third-leading receiver in Luther Burden III, a former five-star recruit. 23 Toledo (11-1)Next: vs. Miami, Ohio, MAC championship, SaturdayReality check: The MAC championship used to routinely produce drama with coaches who might be leaving for bigger jobs.

Persons: Zak Zinter, —, QB Tate, Trey Benson, Jonathon Brooks, Cody Schrader, Luther Burden III, Lane Kiffin, Ole Miss, Billy Bowman Jr, Harold Perkins Jr, didn't, Jedd, Ollie Gordon II, Dave Doeren, LB Payton Wilson, Uiagalelei's, Jason, James Madison, Ralph D, Russo Organizations: Michigan, Ohio State, Alabama, AP, SEC, Bulldogs, Big Ten, Washington, TCU, Florida State, Louisville, ACC, Ohio, doesn't, Oklahoma State, Big, Jaydon, Texas Tech, Auburn, Penn State, Nittany Lions, LSU, Wildcats, Cardinals, Orange, CFP, Notre Dame, Notre, Irish, Tulane, SMU, AAC, Cowboys, BYU, Heisman, Liberty, New, New Mexico State, Flames, North, North Carolina State, Wolfpack, Oregon State, Clemson, Beavers, Oregon, MAC Locations: Georgia, Washington , Florida State and Oregon, Texas, Alabama, Michigan, Iowa, Oregon, Florida, Washington, . Georgia, Missouri, Mississippi, Oklahoma, Arizona, Tucson, Louisville, Kentucky, New Mexico, North Carolina, Oregon State, Toledo, Miami , Ohio

☆ North Korea Says Its New Spy Satellite Photographed White House, Pentagon
▼ + stars: | 2023-11-27 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

On Tuesday North Korean state media said leader Kim Jong Un had reviewed spy satellite photos of the White House, Pentagon and U.S. aircraft carriers at the naval base of Norfolk. North Korea last week successfully launched its first reconnaissance satellite, which it has said was designed to monitor U.S. and South Korean military movements. Since then state media has reported the satellite photographed cities and military bases in South Korea, Guam, and Italy, in addition to the U.S. capital. Commercial imagery of those cities on Nov. 27, the day North Korea says it captured its photographs, was not immediately available. The United States and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning any use of ballistic technology.

Persons: Josh Smith, Hyonhee Shin, Kim Jong Un, Chad O'Carroll, Dave Schmerler, James Martin, Schmerler, Jeffrey Lewis, Kim, KCNA, Hyonhee ShinEditing, Chris Reese, Sandra Maler, Gerry Doyle Organizations: Tuesday North, White House, Pentagon, U.S, NK News, Falcon, James, James Martin Center, Nonproliferation Studies, Andersen Air Force Base, U.S . Locations: Hyonhee Shin SEOUL, North Korea, Norfolk . North Korea, Korean, South Korea, Guam, Italy, Pyongyang, Seoul, U.S, U.S . Western, Norfolk, Newport, British, Korea, United States

☆ ‘Past Lives’ and Lily Gladstone Win Big at the Gotham Awards
▼ + stars: | 2023-11-27 | by ( The New York Times | ) www.nytimes.com time to read: +1 min

“Past Lives,” the elegiac drama about a young Korean immigrant and the path not taken, won best feature as the 33rd annual Gotham Awards were handed out Monday night in New York. “The beginning of my speech was edited, cut out, I didn’t know about it,” he told the audience at Cipriani Wall Street. “And I want to read it.” He went on to note that “history isn’t history anymore, truth is not truth, even facts are being replaced by alternative facts.”But the evening largely stayed focused on the films themselves, like “Past Lives,” from Celine Song. It stars Greta Lee as a married writer in New York who reconnects with her childhood sweetheart from South Korea. Outstanding lead performance went to Lily Gladstone but not for “Killers of the Flower Moon,” her big-budget breakthrough.

Persons: Robert De Niro, “, ”, Celine Song, Greta Lee, Lily Gladstone Organizations: Gotham, Trump Locations: Korean, New York, South Korea

☆ China's Didi Global says ride-hailing app had 'systems malfunction'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A man passes by a car of Chinese ride-hailing service Didi at the Shanghai Hongqiao International Airport in Shanghai, China August 14, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Nov 27 (Reuters) - Didi Global said on Monday its ride-hailing app had experienced a "systems malfunction" after users in multiple cities including Beijing and Shanghai said they were unable to book rides in the evening. The company apologised for the issue on its official Weibo account and said it was urgently trying to fix it. Didi is China's largest ride-hailing company, with its service in the country delivering average daily transactions of 31.3 million in the third quarter. Reporting by Brenda Goh in Shanghai and Ethan Wang in Beijing; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Didi, Aly, Didi Global, Brenda Goh, Ethan Wang, Jan Harvey Organizations: Shanghai Hongqiao International, REUTERS, Rights, Thomson Locations: Shanghai, China, Rights SHANGHAI, BEIJING, Beijing, Weibo, Zhejiang, Jilin

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