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"We are spending like drunken sailors," Druckenmiller said on CNBC's "Squawk Box" Wednesday. Now it's 25% of GDP ... My father told me if you're in a hole, stop digging Stan." Despite his calls to cut overall spending, the widely followed investor stressed that it's necessary for the U.S. to support Ukraine and disagrees with Republicans urging to stop funding in that region. "I was actually happy to see when the announcement the support for Ukraine and Israel $106 billion," Druckenmiller said. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992.
Persons: Stanley Druckenmiller, Druckenmiller, Stan, Putin, George Soros Organizations: Social, Duquesne Family Office, Social Security, Quantum Fund, Duquesne Capital Management Locations: Duquesne, Israel, Ukraine
Druckenmiller said that prior to quantitative easing, which began as part of the government's response to the 2008 financial crisis, stock valuations were typically at about 15-times earnings. The recent spike in Treasury yields have put market interest rates near their highest levels since 2007. A lot do — a stock picker's market," Druckenmiller said. "A lot of people made money in the stock market in the '70s. Not, frankly, unlike what has happened in the stock market in the last year."
Persons: Stanley Druckenmiller, Druckenmiller, I've, we're, Alex Karp, It's, George Soros Organizations: Duquesne Family, Quantum, Duquesne Capital Management Locations: U.S
The One Without Matthew Perry
  + stars: | 2023-10-29 | by ( Alexis Soloski | More About Alexis Soloski | ) www.nytimes.com   time to read: +2 min
A professional actor since his teens, Perry had appeared in more than a dozen sitcoms before landing “Friends” in 1994. Mostly it advertised Perry and his anxious, reckless charm. Even among the irrepressible talents of his co-stars, Perry stood out, for a rubbery, heedless way with physical comedy and a split-second timing that most stopwatches would envy. He had both an absolute commitment to what a line required and a way of gently ironizing that line. Perry was in on those same jokes.
Persons: Matthew Perry, Perry, Chandler Bing, ” Perry Organizations: NBC,
“Some darknesses refuse to fade,” the poet Danielle DeTiberus observed after contemplating “Judith Beheading Holofernes” by Artemisia Gentileschi. Having recently seen the dark paintings by Pierre Soulages at Lévy Gorvy Dayan gallery, in Manhattan, the poet’s lyric resonated. DeTiberus, in “The Artist Signs Her Masterpiece, Immodestly,” sees in Gentileschi’s depiction of a revenge killing the assertion of her agency. Kerry James Marshall used jet black skin tones to make Black people seem like human archetypes birthed from a subterranean womb. Ad Reinhardt painted subtly dark canvases at the edge of our eyes’ scotopic capabilities, their hues legible only after prolonged looking.
Persons: Danielle DeTiberus, Judith, Holofernes, Artemisia Gentileschi, Pierre Soulages, Gorvy Dayan, , Lee Bontecou, Franz Kline, Kerry James Marshall, Ad Reinhardt Locations: Manhattan, French
JPMorgan's Jamie Dimon said central banks' outlook from 18 months ago was "100% dead wrong." Dimon is doubtful that central banks and governments can manage the coming turmoil. In a panel at the Future Investment Initiative Summit in Riyadh, Saudi Arabia, the banker called out governments and central banks, and said some more humility should be in order. "I want to point out the central banks 18 months ago were 100% dead wrong," Dimon added. "Fiscal spending is more than it's ever been in peacetime and there's this omnipotent feeling that central banks and governments can manage through all this stuff," Dimon said.
Persons: Jamie Dimon, , JPMorgan Chase, I've, Dimon Organizations: Service, JPMorgan, Future Investment Initiative, Federal Reserve, Fed Locations: Riyadh, Saudi Arabia, Ukraine
Zoey’s father worked at the gas station where rescuers tried to save her life, but its manager and corporate owner also declined comment. It doesn’t make any sense,” said Mike Fonkert, deputy director of Kansas Appleseed, whose group also sued the state over its child welfare system. Bradley, who has four kids of her own, said she asked Zoey's mother if she could help in her care. In August 2022, Zoey’s mother was arrested for domestic battery, with her teenage daughter listed as the victim. That same month, Zoey's mom pleaded guilty to felony aggravated battery and driving under the influence, and was sentenced to probation.
Persons: — Zoey Felix's, Zoey, Weeks, Mickel Cherry, , Shakti Belway, Cherry, Mark Manna, Zoey’s, , “ I’m, Laura Howard, Mike Fonkert, Kansas, Shaniqua Bradley, Bradley, Zoey's, ” Bradley, Sasha Camacho, Zoey —, Camacho, Dad, Zoey didn’t, Desiree Myles, Zoey couldn't, Gretchen Spiker, Spiker, Fonkert, , Sharon Williams, , ” ___ Hollingsworth, Jennifer Farrar, Rhonda Shafner, Randy Herschaft Organizations: Police, for Children, Families, National Center for Youth Law, Defense, Authorities, Associated Press, AP, Department for Children, Topeka, Prosecutors Locations: TOPEKA, Kan, Topeka, Kansas, Zoey’s, Nevada, Mission , Kansas, New York
California restaurants are charging customers $50 cleaning fees for drunken incidents, reports say. Bottomless brunch specials give customers an hour or so to enjoy as many mimosas as they want. A $50 cleaning fee will automatically include in your [tab] when you throw up in the public areas. San Francisco-area restaurant Home Plate has added the warning of a $50 cleaning fee to their menu. Airbnb hosts charge guests up to $300 in cleaning fees in some cases.
Persons: , Chaiporn Kitsadaviseksak, SFGate, hasn't, Uber Organizations: Service Locations: California, San Francisco, Francisco
It’s a case that highlights the vulnerability of prisoners who are dependent on authorities for medical care. Winborn's attorneys played a video showing his difficulties in adapting to life without hands, including feeding himself. “I don't sleep because every time I dream, I dream I have my hands, you know. Jail officials stated in their depositions that they couldn't remember what happened. "The County and MCIT are hopeful the resolution of this matter will help provide Mr. Winborn with the medical care and quality of life assistance he needs,” Hiveley said.
Persons: Terrance Dwayne Winborn, It’s, Winborn, Katie Bennett, Jason Hiveley, Scott County, Winborn’s, , they're, , necrotizing fasciitis, ” Hiveley Organizations: Minnesota, Intergovernmental Trust Locations: MINNEAPOLIS, Minnesota, Scott County, Scott, Marshall, Minneapolis, Shakopee
[1/2] People are seen outside of the Piana Vyshnia (Drunken Cherry) chain's bar in downtown, amid Russia's attack on Ukraine, in Kyiv, Ukraine May 15, 2023. REUTERS/Valentyn Ogirenko/File Photo Acquire Licensing RightsKYIV, Oct 4 (Reuters) - Ukraine's economy is adapting well to the wartime environment following Russia's invasion and growth will continue next year, the deputy head of an International Monetary Fund mission said on Wednesday. Natan Epstein, Deputy Mission Chief for Ukraine, said domestic demand and strong private consumption were driving the activities. In June, the IMF forecast Ukraine's gross domestic product growth would be within a range of 1% to 3% this year. Ukraine's economy has been hit hard since Russia launched its full-scale invasion in February 2022, and the government has relied heavily on Western aid to finance social and humanitarian payments.
Persons: Cherry, Valentyn, Natan Epstein, Epstein, Olena Harmash, Timothy Organizations: REUTERS, Rights, International Monetary Fund, IMF, Fund, Timothy Heritage, Thomson Locations: Ukraine, Kyiv, Russia
TOPEKA, Kan. (AP) — A Kansas police chief who led an August raid on a small weekly newspaper seemed to have the support of most city leaders in the weeks since the search, despite public outcry and calls for his resignation. Publisher Eric Meyer told Cody via email that the paper got the document from a source it did not name. Newell said that on Aug. 7, Cody contacted her and told her he believed she had been the victim of a crime. On Aug. 8, Cody emailed the KBI's office in Wichita, about 60 miles (100 kilometers) to the southwest. That evening, Leeds sent Marion Police Officer Zach Hudlin an email about a search warrant for Meyer's home.
Persons: Gideon Cody's, Cody, , Kari Newell, , , Newell, Brogan Jones, Jones, ” Cody, Marion Mayor Dave Mayfield, Ruth Herbel, Eric Meyer, Todd Leeds, Newell's, Herbel, Meyer, Phyllis Zorn, ” Leeds, Zach Hudlin, Hudlin, Joan, Deb Gruver, Hudlin beckoning Cody, he's, Zorn, ___ Vancleave Organizations: Kansas police, Marion Police, Marion County, City Council, Kansas City, Associated Press, Kansas, of, Marion, City, AP, Leeds, Recorder Locations: TOPEKA, Kan, Kansas, Marion, Wichita, Kansas City , Missouri, Minneapolis
Three Russian soldiers were drinking on a supply run when a grenade killed them, per local media. The trio were having a barbecue at a private house when they quarreled and the grenade exploded. Of the five men, two soldiers went inside the house before the explosion, Notepad reported. The other three remained in the yard when the grenade detonated and killed them, the outlet added. AdvertisementAdvertisementVoronezh is a Russian region close to Ukraine, with Rossosh located around 65 miles from the border.
Persons: OPGU Organizations: Service, Central Military District, Russian Telegram, Rossosh, Russia's Defense Ministry Locations: Wall, Silicon, Rossosh, Russia's Voronezh, Voronezh, Russian, Ukraine
Consumer spending held up the US economy even as many worried about the prospect of a recession. Even as interest rates skyrocketed over the past 18 months, strong consumer spending kept the US economy moving. Higher rates start to biteLet's start with interest rates. Credit-card debt, in contrast, tends to move up and down with interest rates. That COVID cash stockpile helped support the economy despite rising interest rates and historically high inflation.
Persons: Barbie, Taylor Swift, David Rosenberg, Rosenberg, Morgan Stanley, Janet Yellen, Yellen, John David Rainey, Jamie Dimon, Dimon, We've, Piper, Nancy Lazar, Lazar Organizations: Service, Bloomberg, Federal Reserve, Credit, Federal Reserve Bank of New, CNBC, San Francisco Fed, Walmart, Fox News Digital Locations: Wall, Silicon, Federal Reserve Bank of New York, Ukraine
PONTIAC, Mich. (AP) — A former Detroit-area prosecutor will serve no additional time behind bars after he was sentenced Wednesday on corruption charges that he embezzled more than $600,000 from drug and drunken driving forfeiture funds. A Michigan State Police investigation found former Macomb County Prosecutor Eric Smith used the funds to throw parties, buy gifts and install a personal home security system. Smith, 56, accepted a plea bargain from Michigan Attorney General Dana Nessel in which pleaded guilty to official misconduct, tampering with evidence and conspiracy to commit forgery while seven other counts against him were dropped. Smith apologized in court "for spending these drunk driving forfeiture funds as I did.”This sentence was ordered to be served concurrently with a 21-month federal sentence Smith already has served after pleading guilty to attempting to obstruct justice. Smith, a Democrat, began working in the Macomb County Prosecutor’s Office in 1993, was first elected prosecutor in 2004 and resigned as prosecutor in March 2020 after the attorney general filed criminal charges.
Persons: , Eric Smith, Smith, Dana Nessel Organizations: PONTIAC, Michigan State Police, Michigan, Democrat, Office Locations: Mich, Detroit, Macomb County, Macomb
"We've been spending money like drunken sailors around the world, this war in Ukraine is still going on," he said. Dimon joins a chorus of recent voices warning over the strong US economy powered by consumer spending. "We've been spending money like drunken sailors around the world, this war in Ukraine is still going on. Since consumer spending accounts for about 70% of the US economy, any changes to the measure are a big deal. AdvertisementAdvertisementAfter all, the resilience of the US consumer has kept the economy going even amid the Federal Reserve's relentless rate hike cycle since March last year.
Persons: Jamie Dimon, We've, Dimon, David Rosenberg Organizations: Service, Federal, Federal Reserve Bank of San, Bloomberg, Wall, JPMorgan Locations: Ukraine, Wall, Silicon, Federal Reserve Bank of San Francisco
Dimon quoted Warren Buffett twice to flag the risks to banks and trumpet prudence in business. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The billionaire banker and JPMorgan CEO also championed prudent risk management, and warned that more lenders could run into problems like Silicon Valley Bank did this spring. If you have that with a recession, yes, you're going to see a little bit more stress and strain in the system." (Dimon was referring to other banks getting caught out by rising interest rates like Silicon Valley Bank.)
Persons: Jamie Dimon, Dimon, Warren Buffett, headwinds, It's, we've, There's, Warren, — he's Organizations: Service, JPMorgan, Bank, Barclays, AlphaSense, Silicon Valley Bank Locations: Wall, Silicon, Ukraine, Silicon Valley
CNBC Daily Open: Even high yields couldn’t stop tech
  + stars: | 2023-09-12 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meanwhile, the European Commission revised its growth forecast for the European Union down from 1% to 0.8%. Only European economy to contractGermany is likely the only major European economy to contract this year, according to fresh forecasts by the European Commission. The commission predicts Germany's economy to shrink 0.4% this year; the International Monetary Fund puts that figure at 0.3%.
Persons: JPMorgan Chase, Jamie Dimon, it'd, Dimon, Cristiano Amon, Hans, Werner Sinn, Tesla Morgan Stanley's, Adam Jonas, Tesla, Jonas Organizations: CNBC, Nasdaq, Commission, European Union, JPMorgan, Qualcomm Qualcomm, Apple, UBS, European Commission, International Monetary Fund Locations: European, U.S, Ukraine, Germany, Europe
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq Composite rallied, buoyed by tech stocks. More than luck to surpass StarbucksAsk any American to think of the most common coffee chain, and chances are they'd mention Starbucks. A combination of its franchise model, low pricing and self-operated stores helped a coffee chain founded in 2017 surpass an established brand.
Persons: Wall, JPMorgan Chase, Jamie Dimon, it'd, Dimon, Cristiano Amon, he's Organizations: CNBC, Nasdaq, Japan's Nikkei, Garden Holdings, JPMorgan, Qualcomm Qualcomm, Apple, UBS, Starbucks, Apple Apple Locations: Munich, Germany, Asia, Pacific, U.S, Ukraine, China
These days, having a LinkedIn profile can be critical to getting a job. If you haven't created a LinkedIn profile yet, don't wait. "To not have any established presence online could be concerning to an employer," says Angelina Darrisaw, career coach and founder and CEO of C-Suite Coach. Here are three LinkedIn red flags to avoid on your profile according to career experts. 'A lot of overlapping job titles'Recruiters also notice inconsistencies in your job experience.
Persons: Angelina Darrisaw, you'll, you've, Phoebe Gavin, doesn't, Octavia Goredema, Darrisaw Organizations: LinkedIn
[1/2] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello Acquire Licensing RightsCompanies JPMorgan Chase & Co FollowNEW YORK, Sept 11 (Reuters) - JPMorgan Chase (JPM.N) CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth. "I wouldn't be a big buyer of a bank," the chief of the largest bank in the U.S. added, drawing laughter from the audience. Dimon questioned what the regulators were trying to accomplish with the rules. Reporting by Nupur Anand; editing by Lananh Nguyen, Megan Davies, Jonathan Oatis and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Jamie Dimon, Marco Bello, JPMorgan Chase, Dimon, Nupur Anand, Lananh Nguyen, Megan Davies, Jonathan Oatis, Jamie Freed Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan Chase, JPMorgan, First, Federal Reserve, Federal Deposit Insurance Corp, Thomson Locations: Miami , Florida, U.S, New York, China, Ukraine
JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a "huge mistake" to believe that it will last for years. Healthy consumer balance sheets and rising wages are supporting the economy for now, but there are risks ahead, said Dimon, who was speaking at a financial conference in New York. "To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake," he said. But the U.S. economy has proven resilient, leading more economists to expect that a recession might be avoided. "If and when you have a recession, which you're eventually going to have, you'll have a real normal credit cycle," Dimon said.
Persons: Jamie Dimon, JPMorgan Chase, Dimon, Topping Organizations: JPMorgan Chase &, Institute of International Finance, JPMorgan Locations: Washington , DC, U.S, New York, Ukraine
While Woody Allen's film may be a reference point to “American Fiction,” direct comparisons are harder to come by for such a breezy but biting commentary. Directing a film, Jefferson says, wasn't necessarily a lifelong ambition. That “American Fiction” is hard to categorize, he says, might mean he's on the right track. “This being my first movie, I’m eager to find what my voice is,” Jefferson says. ___Follow AP Film Writer Jake Coyle on Twitter at: http://twitter.com/jakecoyleAP
Persons: Percival Everett's, Cord Jefferson, Jeffrey Wright, “ Monk ” Ellison, Cord Jefferson —, , ” —, Jefferson, Monk, Wright, John Ortiz, Aeschylus ’ “, , ” Monk, Stagg R, Leigh, ” Jefferson, Black, Jack City, Annie Hall, Woody, Tracee Ellis Ross, Sterling K, Brown, Erika Alexander, Issa Rae, “ There’s, Larry Wilmore ”, Damon Lindelof, hadn't, , Jake Coyle Organizations: TORONTO, Toronto, Gawker, MGM, Twitter Locations: Jack, , Tucson , Arizona, Tulsa
Out West, the Gay Cowboy Roams Free
  + stars: | 2023-09-05 | by ( Evan Moffitt | ) www.nytimes.com   time to read: +2 min
TWO MEN, A grizzled sheriff and a gunslinging vigilante, confront each other in a dusty saloon town. When Silva (Pedro Pascal) visits his former lover Jake (Ethan Hawke), he rekindles their romance before revealing less amorous intentions. Intrigue ensues, and the shock of two gay cowboys gives way to what we might expect from a classic western: shootouts, horseback chases, fugitive justice. This is partly why over the decades many queer artists have made winking references to cowboy culture. Then there was the gay disco troupe the Village People’s dime-store cowboy, Randy Jones, who was meant to be read as a tongue-in-cheek archetype (one since referenced by musicians like Lil Nas X and Orville Peck).
Persons: Pedro Almodóvar’s, Silva, Pedro Pascal, Jake, Ethan Hawke, Almodóvar’s, John Wayne, Bob Mizer, Andy Warhol, , Randy Jones, Lil Nas X, Orville Peck Organizations: Marlboro, Lonesome Cowboys Locations: It’s, Spanish, America
A suspected drunken driver accidentally 911 on himself
  + stars: | 2023-09-04 | by ( Zoe Sottile | ) edition.cnn.com   time to read: +1 min
CNN —A suspected drunken driver accidentally called Nebraska law enforcement on himself, leading to his arrest. The man called 911 to report another driver who he thought was driving on the wrong side of the highway, according to a Facebook post from the Lancaster County Sheriff’s Office. The sheriff’s office on Thursday released a video of the March incident along with audio from the driver’s 911 call. The driver had a blood alcohol content over twice the legal limit, according to the sheriff’s office. The sheriff’s office did not immediately respond to a request for comment from CNN.
Persons: , Organizations: CNN, Sheriff’s Office, Lancaster County Sheriff’s Locations: Nebraska, Lancaster, Lancaster County
NICOSIA, Sept 3 (Reuters) - Police in Cyprus have made 20 arrests after a spate of racism-fuelled violence against migrants which erupted in the west of the island last week and spread to its southern city of Limassol in a weekend rampage. Last week Syrians living in Chlorakas, a village in western Cyprus, were targeted by hooded attackers in sporadic incidents over two days, leading to 22 arrests. Overnight Saturday to Sunday, three people from southeast Asia were attacked and robbed, state media said. Among the victims of the weekend's violence were a group of visitors from Kuwait, according to social media accounts of witnesses. "This isn't the Cyprus I was born, raised, had a family and am getting old in," he said.
Persons: Kyriakos Kouros, Michele Kambas, Ros Russell Organizations: Police, Migrants, Reuters, Turkish, Ministry of Foreign Affairs, Thomson Locations: NICOSIA, Cyprus, Limassol, Chlorakas, Asia, East, Africa, Turkish, Kuwait
Jimmy Buffett of Jimmy Buffett and the Coral Reefer Band performs during the 2022 New Orleans & Jazz festival at Fair Grounds Race Course on May 08, 2022 in New Orleans, Louisiana. Jimmy Buffett, the singer-songwriter who drew millions of fans with his folksy tales of living and loving on tropical sandy beaches, frozen concoction in hand, died Friday night. But it was in Key West, Florida, in the 1970s that Buffett "found his true voice," according to his website. As time went on, Buffett also appeared on TV, movies and his work became a musical. There was also a Broadway show based on Buffett's music, " Jimmy Buffett's Escape to Margaritaville," which debuted in 2017.
Persons: Jimmy Buffett, Jimmy, Buffett, Hank Williams, Alan Jackson, , Jerry Jeff Walker, margarita, Tom Selleck, Jimmy Buffett's, Joe Merchant, Jane Slagsvol, Cameron, — Christopher Cichiello Organizations: Reefer, Orleans & Jazz, Forbes, Alabama's Auburn University, University of Southern, Billboard Magazine, Key West, University of Miami, Men's, Associated Press Locations: Orleans, New Orleans , Louisiana, Pascagoula , Mississippi, University of Southern Mississippi, New Orleans, Nashville , Tennessee, Key West , Florida, South Florida, Margaritaville, Pitcairn, Savannah
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