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☆ OCD: Obsessive-compulsive disorder explained by experts
▼ + stars: | 2023-10-11 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

CNN —When someone likes things just so or always seems to have their home in perfect condition, others may say “he is so OCD.”But OCD — obsessive-compulsive disorder — isn’t a nifty personality trait of people who are organized. The condition is a disorder that can impact a person’s work, relationships and well-being, said Stephanie Woodrow, clinical director of the National Anxiety and OCD Treatment Center in Washington, DC. Obsessions and compulsionsIn basic terms, OCD is a mental health disorder experienced by people of all ages and populations, Antonelli said. “Taken together, ERP and medication are considered the ‘first-line’ treatments for OCD,” Antonelli said. To get help for someone with an OCD diagnosis, you can access resources from the International OCD Foundation or join support groups to get information and support, Antonelli said.

Persons: Stephanie Woodrow, Matthew Antonelli, ” Antonelli, Antonelli, Woodrow, Compulsions, “, “ That’s, “ You’re, ” Woodrow, ” Organizations: CNN, Washington , DC, SRI, International, Foundation Locations: Washington ,, Boston, It’s

☆ Beige flags: Why they can doom your dating profile
▼ + stars: | 2023-10-03 | by ( Faye Chiu | Terry Ward | ) edition.cnn.com time to read: +8 min

That these traits are neither here nor there only makes beige flags all the more confusing. She first heard of beige flags on X (formerly known as Twitter) in the context of “fannish discussions about what BTS members’ beige flags are, and beige flags for other K-pop bands,” she said. Beige flags and your dating profileFor Blaine Anderson, who runs a coaching website for heterosexual men called Dating By Blaine, strategizing with clients to eliminate beige flags from their conversations and dating profiles is essential to help them stand out in an enormous pool of suitors, particularly online. One of the most common beige flags on anyone’s dating profile is the line “I love to travel,” she said. Dig beyond labeling it a beige flagA little grace surrounding beige flags can go a long way.

Persons: who’s, ”, Jennifer McGillan, “, Alyssa Mairanz, ” Mairanz, Mairanz, Blaine Anderson, Blaine, ” Anderson, “ It’s, Sharin Shafer, it’s, Clarissa Silva, Silva, ” Silva, Shafer, ” Shafer, Terry Ward Organizations: CNN, New, Adobe, The Agency Locations: TikTok, Starkville , Mississippi, New York City, Venice, London, Florida

But recently higher oil prices are casting a shadow over prospects for quickly beating inflation down to the central bank’s target of 2%. The fall in core inflation “reinforces our view that the ECB has finished raising interest rates,” said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics. He predicted that the overall inflation rate would tumble to 3.5% by the end of the year. But higher rates also can weigh on economic growth, leaving the central bank facing a balancing act over how far to go. Many economists think the ECB has finished raising rates unless something drastic happens to keep inflation from falling further.

Persons: —, ”, Jack Allen, Reynolds, Christine Lagarde, paychecks don’t Organizations: European Central Bank, Eurostat, ECB, Capital Economics, Federal Reserve Locations: FRANKFURT, Germany, U.S, Russian, Ukraine, Moscow, Europe, Saudi Arabia, Russia

☆ Sam Bankman-Fried's trial to test dueling explanations for FTX’s collapse
▼ + stars: | 2023-09-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

He plastered FTX's logo on a basketball arena in Miami and on MLB baseball umpires' uniforms. Prosecutors say Bankman-Fried directed Wang to change FTX's computer code to allow Alameda to borrow unlimited sums of money, a privilege other exchange users lacked. Bankman-Fried's defense lawyers have indicated in court papers that they plan to challenge the credibility of all three witnesses. "The question is, when did Bankman-Fried know that there wouldn't be enough money?" Reporting by Luc Cohen in New York; Editing by Amy Stevens and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, Jane Street, FTX, Damian Williams, Forbes, Bankman, It's, Mark Kasten, Buchanan Ingersoll, Rooney, Caroline Ellison, Gary Wang, Nishad Singh, Wang, Singh, Ellison, District Judge Lewis Kaplan, Paul Tuchmann, Wiggin, Dana, Luc Cohen, Amy Stevens, Daniel Wallis Organizations: REUTERS, U.S, Wall, Alameda Research, MLB, Prosecutors, Attorney, Bankman, Alameda, District, New York Times, Thomson Locations: New York, U.S, Manhattan, Miami, Alameda, Bahamas

☆ I tried the new Coke flavor made with AI. I was surprised by the taste.
▼ + stars: | 2023-09-23 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Coca-Cola y3000 is a new, limited edition flavor that promises to transport your taste buds into the next millennium. I was surprised that I liked Zero Sugar better. The Zero Sugar has zero calories and contains aspartame. AdvertisementAdvertisementOn the first sip, I struggled to tell the difference between Coca-Cola Y3000 and regular Coke. One thing that surprised me is that I enjoyed the Zero Sugar version more.

Persons: Oana Vlad, Coca, Haley Tenore Organizations: Service, Cola Locations: Wall, Silicon

☆ Wall Street’s mood is improving — but it’s far from upbeat
▼ + stars: | 2023-09-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Wall Street’s optimism has edged up in recent weeks after an August slump to levels not seen since the collapse of several regional banks earlier this year. CNN’s Fear & Greed Index, which tracks seven different barometers for market sentiment, has oscillated between “neutral” and “greed” territory this month after plunging to a “fear” reading mid-August. The broad-based S&P 500 index has roared 16% higher this year, propped up by Wall Street’s infatuation with artificial intelligence that’s driven a powerful rally in tech stocks. While the Fed’s policy meeting is taking place next week, there’s a laundry list of factors stoking uncertainty in the market. September has historically been the worst month for stocks, and it could live up to its reputation this year.

Persons: it’s, August’s selloff, ”, Eric Sterner, Wall, Michael Arone, Arone, Chris Isidore, “, Gary Quirk, Quirk, epitomize, Birkenstock Organizations: CNN Business, Bell, CNN, Apollon Wealth Management, Federal Reserve, Stocks, State Street Global Advisors, American, of, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Wall Street, US Securities and Exchange Commission, New York Stock Exchange, Financial Locations: Kokomo , Indiana, New York, United States

☆ ‘A spit in the face.’ Electric vehicle plans worry a Midwest auto town
▼ + stars: | 2023-09-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

The first piece of steel for the Stellantis and Samsung joint venture EV battery plant is raised earlier this year. Many believe the company will decide to have other work done at the Kokomo plants, even if it no longer needs transmissions or engines. A fraction of auto plant payThe Kokomo battery plant is still more than a year away from starting production. The battery plant workers are likely to start at half that, Quirk said. Even the top wage will be nearly 30% below top wage at a UAW plant today, let alone what it could be in the upcoming contract.

Persons: “, ”, Gary Quirk, Quirk, epitomize, Stellantis —, Adam Nelson, Shawn Fain, Denny Butler, Chris Isidore, Todd Dunsmore, EVs, Philip Kline, Daniel Acker, Joe, Biden, Butler, —, Kline, ” Quirk, it’s, won’t, that’s, Dunsmore, “ I’ve Organizations: Indiana CNN, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Big, —, Motors, Ford, EV, Local, CNN Kokomo, Kokomo, EVs, Employees, Bloomberg, Getty, General Motors, GM, LG, Workers, aren’t Locations: Kokomo, Indiana, Kokomo , Indiana, Midwest, Indianapolis, South Bend, Stellantis, ”, —, Ohio, North America

☆ What to Know About the Anime Coco Gauff Watches Before Playing
▼ + stars: | 2023-09-08 | by ( Maya Phillips | More About Maya Phillips | ) www.nytimes.com time to read: +1 min

But those really looking to level up take a different approach: watching anime. Or at least that’s what the 19-year-old American tennis sensation Coco Gauff does. Gauff, who qualified for her first U.S. Open singles final on Thursday night by defeating Karolina Muchova, said that her postmatch plans would include watching anime. In particular, Gauff said, she’s a fan of “My Hero Academia.” When asked how she would be spending the rest of her evening, Gauff responded: “Press. Izuku Midoriya, a young superhero fanboy, is one of the rare “quirkless” individuals, though he still dreams of somehow becoming the top hero.

Persons: Coco Gauff, Karolina Muchova, Gauff, she’s, ”, ‘, Academia ’, Izuku, Midoriya Organizations: “ Press, Marvel Locations: American, U.S

The legislation would rezone land owned by nonprofit colleges and religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. An affordable housing project in a San Jose church had to go through a rezoning process that took more than two years before it could break ground in 2021. It would only apply to affordable housing projects, and the law would sunset in 2036. Supporters of the bill said it could help add hundreds of thousands of affordable housing units to the state’s housing stock. Republican lawmakers and Democratic Sen. Marie Alvarado-Gil voted against it.

Persons: Democratic Sen, Scott Wiener, Gavin Newsom, Democratic Assemblymember Sharon Quirk, Silva, ”, Newsom, Tony Thurmond, ” Thurmond, Harvey Milk, Susan Talamantes Eggman, Republican Sen, Rosilicie Ochoa, Marie Alvarado, Gil, Ochoa Bogh, Lena Gonzalez, ” Gonzalez, ___ Austin, Austin @sophieadanna Organizations: U.S, Democratic, Democratic Gov, University of California, Terner, Housing Innovation, Temecula Valley Unified, Gov, California Legislative, Caucus, Republican, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, ”, San Jose, Orange County, Berkeley, Southern California, Temecula Valley, San Francisco

☆ British home prices to fall 4% in 2023 as borrowing costs bite: Reuters poll
▼ + stars: | 2023-09-01 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

The most pessimistic forecast was for a 10% fall, despite consumer prices expected to rise 7.5% this year, according to a separate Reuters poll. They were expected to flatline in 2024 and rise a little over 3% the year after, little changed from the previous poll. "The London housing market ebbs and flows, yet is there really such a thing as a 'London property market' nowadays?" RENTAL STRESSThose unable or unwilling to make it onto the property ladder will feel the pinch from surging rental costs. Private rental prices paid by tenants in Britain rose 5.3% in the 12 months to July, according to the Office for National Statistics.

Persons: Stefan Wermuth, BoE, Michael McGill, Zoopla, Russell Quirk, Aneisha Beveridge, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit, Mark Potter Organizations: REUTERS, Bank of England, Office, National Statistics, Thomson Locations: London, Britain, Kensington, Mayfair, Barking, Dagenham

McCarrick, a former archbishop of Washington, D.C., is the only current or former U.S. Catholic cardinal to ever face child sex abuse charges, with prosecutors in Massachusetts and Wisconsin filing separate cases against him. The case in Dedham, Massachusetts, before Judge Paul McCallum was the first to be filed, with prosecutors in July 2021 charging McCarrick with three counts of indecent assault and battery. A legal quirk froze the statute of limitations in the Massachusetts case after McCarrick, a non-resident, left the state. McCarrick was expelled from the Roman Catholic priesthood in 2019 after a Vatican investigation found him guilty of sexual crimes against minors and adults. According to court records, the alleged victim in the Massachusetts case said McCarrick, a family friend, began molesting him when he was a boy.

Persons: Roman Catholic Cardinal Theodore McCarrick, David L Ryan, Judge Paul McCallum, McCarrick, Pope John Paul II, McCarrick groped, Kerry Nelligan, Nelligan, ’, Nate Raymond, Chizu Nomiyama, Andy Sullivan, David Gregorio Our Organizations: Roman Catholic, Wellesley College, Washington , D.C, Catholic Church, Catholic, Johns Hopkins University School of Medicine, Prosecutors, Thomson Locations: Dedham, Court, Dedham , Massachusetts, U.S, DEDHAM , Massachusetts, Massachusetts, Washington ,, Wisconsin, Missouri, Boston

Interest in “Rich Men North of Richmond,” which was streamed 17.5 million times on services like Spotify and Apple Music in its first week of release, partly grew in the manner of a typical viral track, according to the service Luminate, whose data fuels the Billboard charts. Much of the consumer activity that drove the track to No. 1 came via 99-cent digital downloads from outlets like the iTunes Store — an outdated format that is declining in popularity faster than CDs. Despite streaming now accounting for more than 80 percent of music consumption overall, paid downloads are weighted more on the charts, a quirk exploited regularly by pop superfans devoted to acts like Ms. In often coordinated efforts, they use downloads to show support and earn chart milestones that are celebrated like wins in sports or political elections.

Persons: Jason Aldean, “, Anthony, Christopher Anthony Lunsford, —, Oliver Anthony, ”, Mr, Walsh —, superfans, Swift Organizations: Country Music Television, North, Apple Music, Daily, Korean, BTS Locations: Tennessee, Rich, Richmond, ”

☆ I rented a Tesla on Turo for a road trip. I own an EV, but 3 things about the Model 3 still surprised me.
▼ + stars: | 2023-08-17 | by ( Gia Mora | ) www.businessinsider.com time to read: +9 min

Gia Mora, an electric-vehicle enthusiast, went on a 1,000-mile road trip in a Tesla Model 3. Gia MoraWe decided to rent a longer-range electric car on Turo, a peer-to-peer car-rental app. Using a key card is different from controlling the car by appMora locks the Model 3 with a key card. Tesla Model 3 one-pedal driving is hard to adjust toBy the end of the trip, Mora felt comfortable driving the Tesla Model 3. Tesla Model 3 is worth the hypeThe Model 3 had a reliable range, accessible charging stations, luxurious seats, and glasslike driving.

Persons: Gia Mora, Mora, Tesla, Amy, Amy Senger, Steve Mandzik, Amy Senger Amy, Mora sips, San Luis Obispo, Senger, we'd, I'd, would've Organizations: Tesla, Nissan, Fiat, John Wayne Airport, Turo Locations: Northern California, San Ardo , California, Orange County , California, Orange County, Los Angeles County, Salinas, Santa Barbara, San Ardo, San Luis, San Luis Obispo , California

☆ Opinion | The Two Adverbs That Define Biden and Trump
▼ + stars: | 2023-08-08 | by ( Carlos Lozada | ) www.nytimes.com time to read: +2 min

To say that America is a democracy is to issue a statement of belief. The contrast between Biden saying America is still a democracy and Trump vowing to make it great again is more than a quirk of speechwriting. Both candidates, now in a dead heat in the 2024 presidential race, look to the nation’s past but through divergent lenses. It’s the difference between America as an ideal worth preserving and an illusion worth summoning. The message of “still” is that we remain who we are, but that this condition is not immutable, that America as Biden envisions it exists somewhere between reality and possibility.

Persons: ”, MAGA, Biden’s “, Biden, Trump, “, Trump’s “, ” Biden Organizations: Independence Hall Locations: America, Philadelphia

☆ I'm part of the luckiest class of Gen Zers. Here's how we won the economic recovery.
▼ + stars: | 2023-08-06 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The pandemic threw Gen Zers off their professional trajectories. For the oldest Gen Zers, the pandemic economic recovery was a huge success. Here's how the class of 2019 won the pandemic recovery. The class of 2019 graduated into recession fears, but it was an economic downturn like none we've seen beforePolitano technically graduated in fall 2018, but considers himself part of my cohort as he began work in 2019. Are you a class of 2019 graduate, and have a story to tell about the economy of the last four years?

Persons: Gen Zers, Zers, Zers —, —, Joey Politano, he'd, Politano, couldn't, that's, they're, Hillary Hoffower Organizations: Service, Pew, millennials Locations: Wall, Silicon

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

☆ Steve Ballmer's $120 billion fortune makes him richer than Warren Buffett, Mark Zuckerberg, and Google's cofounders. The former Microsoft CEO can thank AI hype and a contract quirk.
▼ + stars: | 2023-07-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Steve Ballmer is richer than Warren Buffett, Mark Zuckerberg, Larry Page, and Sergey Brin. The former Microsoft CEO is worth $120 billion, thanks to his estimated 4% stake in the company. Page and Brin have added $28 billion and $26 billion to their respective fortunes in 2023, lifting their net worths to $111 billion and $106 billion. Ballmer's fortune has ballooned this year thanks to Microsoft stock climbing to historic highs. The former Microsoft chief trails Larry Ellison ($133 billion) and Bill Gates ($137 billion) by some distance in Bloomberg's wealth index.

Persons: Steve Ballmer, Warren Buffett, Mark Zuckerberg, Larry Page, Sergey Brin, Ballmer isn't, Sergey Brin —, didn't, Bill Gates, Jeff Bezos, Larry Ellison, Zuckerberg, Brin, Elon Musk, Bernard Arnault, Buffett, Ballmer's, Ballmer, Page, Brin haven't, he's Organizations: Microsoft, Service, Google, Bloomberg, Forbes, LA Clippers, Berkshire Hathaway, Gates Foundation, Meta Locations: Wall, Silicon, Berkshire

☆ Opinion | The Birds Are Singing, but Not for Me
▼ + stars: | 2023-07-22 | by ( David George Haskell | ) www.nytimes.com time to read: +2 min

Graphs from my audiologist show hearing loss across all sound frequencies, but especially for high sounds, so I was expecting this moment. Yet my hearing loss is now worse than most of my cohort of friends in their mid-50s, a quirk of my genes. The hair cells in our ears are descendants of the wiggly cilia hairs that animate single-celled creatures swimming around in ponds and ocean water. Sudden shocks like gun blasts kill inner-ear hair cells. Instead, aging undermines hair cells.

Persons: I’ve, I’m Organizations: National Institutes of Health

☆ One measure of 'the market' is up 34% this year while another is only up 6%—here's why
▼ + stars: | 2023-07-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

All three "headline indexes" are considered, in one way or another, proxies for the stock market, and over long periods, they've tended to perform pretty similarly. S&P 500When investing pros talk about market returns, they're usually talking about the S&P 500. The index tracks roughly the 500 largest U.S.-traded stocks, comprising 80% of all stocks traded on the market. Created in 1957, the index was the U.S.'s first index weighted by market capitalization (stock price times total outstanding shares), and today it is the favored benchmark index for mutual fund managers who measure themselves against the broad stock market. Nasdaq CompositeThe Nasdaq Composite includes all stocks listed on the Nasdaq Stock Market — the first electronic stock exchange.

Persons: you'll, Tesla, Dow, Nvidia — Organizations: Nasdaq, Dow, CNBC, Dow Jones Industrial, P, Dow Jones, Wall Street Journal . Companies, Apple, Microsoft, Nvidia Locations: lockstep, U.S

☆ Missing genes in ‘mind-controlling’ worms pose an evolutionary puzzle
▼ + stars: | 2023-07-18 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

However, when the scientists compared their horsehair worm genomes with genomic information from other animals, something was missing, Cunha told CNN. Two live tangled freshwater horsehair worms, scientifically called Gordionus violaceus, were found in Germany. Mysteries remain about the worms’ movementsAs useful as cilia are, horsehair worms seem to be doing just fine without them, the scientists reported. To date, scientists have identified several hundred species of freshwater horsehair worms and five species of marine horsehair worms. Marine horsehair worms spend their entire lives in water, but freshwater species are only aquatic as adults.

Persons: —, australiensis, munidae, Tauana Cunha, Cunha, “, ”, “ It’s, Gonzalo Giribet, nematomorphs, Keiichi Kakui, Kakui, ” Kakui, Martin Sørensen, Ophiocordyceps, Bruno de Medeiros, California’s Organizations: CNN, Chicago’s Field, Harvard University, Hokkaido University, HBO, Field, Monument Locations: Germany, Japan, nematomorphs, California’s Muir

☆ The Quirk That Let Wisconsin’s Governor Raise School Funding for 400 Years
▼ + stars: | 2023-07-07 | by ( Ben Kesling | Mariah Timms | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/wisconsin-governor-veto-400-years-9a2cc3c4

Persons: Dow Jones, 9a2cc3c4 Locations: wisconsin

☆ A Delaware city wants to let businesses vote in its elections. It just cleared a key hurdle, but it’s faced pushback
▼ + stars: | 2023-06-30 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Letting businesses vote in municipal elections dilutes the voice of the citizenry and “puts the idea that corporations are people on steroids,” said its executive director, Claire Snyder-Hall. Seaford proposal meets resistanceThe latest Delaware municipality to propose letting businesses vote in its local elections is the city of Seaford, with roughly 8,500 residents. Grenshaw said he never expected that to be a problem, since four other municipalities had no trouble getting approval for their decision to let businesses vote in the past. How influential could that be in future Seaford elections? The city clerk’s office would conduct a series of annual cross-checks to ensure that a business currently owns property in the city.

Persons: “, ”, Claire Snyder, Seaford Mayor David Grenshaw, ” Grenshaw, Grenshaw, Snyder, Hal Weitzman, Weitzman Organizations: CNN, Hall, DuPont, Seaford Mayor, Verizon, Delaware General Assembly, The News, Rich, University of Chicago’s Booth School of Business, Fortune Locations: United States, Delaware, Seaford, it’s, America

☆ Kitt designs, builds, and manages office space for the likes of Oatly. Check out the 35-slide pitch deck it used to raise $8 million from Hoxton Ventures.
▼ + stars: | 2023-06-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Kitt, which designs, constructs, and manages office space, just raised $8 million. Instead, he was consumed by a quirk of his Kentish Town, London, office space: a leaky AC unit. It was this experience, and the subsequent chasing of the landlord for repairs, that germinated the seed of his next business: managed office space. Kitt has a marketplace of office space to connect landlords and commercial tenants. With the rise of remote work, office space is now seen as a strategic decision, Coulson said.

Persons: Steve Coulson, Coulson, Kitt Organizations: Kitt, Hoxton Ventures, Babylon, New Locations: Kentish, London, Deliveroo, Kitt, New York

☆ The story behind this playful rooftop portrait
▼ + stars: | 2023-06-09 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

Hong Kong’s humidity – already oppressive – was intensified in the dark, maze-like alleyways of an unruly enclave known as Kowloon Walled City. Greg Girard, courtesy of Blue Lotus GalleryA ‘strange, vertical village’Girard first visited Kowloon Walled City in 1986 while on a shoot at the nearby airport. As such, the Walled City remained technically subject to Chinese rule, though this was never enforced. The site of the Walled City has since been transformed into a public park, which opened in 1995. Ongoing interest in the Walled City is, Girard suggests, because of the spirit it encapsulates: the aptitude for survival even in the harshest of circumstances.

Persons: –, Greg Girard, wasn’t, ” Girard, ”, Girard, Greg Girard ., ’ Girard, “, Ian Lambot, Lambot, Girard — Organizations: CNN, Kai Tek International, Lotus Locations: Hong, Kowloon Walled City, Walled City, Walled, Tung, Hong Kong, British, ”, “, City, Girard

☆ UBS’s $10 bln state guarantee is a useful fantasy
▼ + stars: | 2023-06-07 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, June 7 (Reuters Breakingviews) - UBS (UBSG.S) and the Swiss government have negotiated a state backstop that neither side wants to use. The scheme, designed to sweeten the Credit Suisse (CSGN.S) rescue, would see the government cover $10 billion of losses on former Credit Suisse assets after UBS swallows the first $6 billion. One option could be for the state to guarantee only a limited subset of former Credit Suisse assets – just the ones that UBS plans to get rid of, for example, like fixed-income derivatives. The government could also insist on dividend or buyback restrictions if the Swiss bank ever taps the scheme. The guarantee would only kick in after UBS has swallowed 5 billion Swiss francs ($6 billion) of losses.

Persons: Sergio Ermotti, Karin Keller, Sutter, Ermotti, that’s, ”, Neil Unmack, Oliver Taslic Organizations: Reuters, UBS, Swiss, bank’s, Credit Suisse, Switzerland’s Social, –, RBC, AG, U.S . Securities, Exchange Commission, Thomson Locations: Swiss

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