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MILTON FRIEDMAN: The Last Conservative, by Jennifer BurnsIn writing her new biography of the Nobel Prize-winning economist Milton Friedman, known throughout his long life for his cheerful endorsement of deregulation and free markets, Jennifer Burns certainly had her work cut out for her. “As he increasingly came to symbolize a political movement,” she writes, “the nuance and complexity of his ideas was lost.”But even Burns has to admit that this attention to “nuance and complexity” was something that Friedman did a lot to discourage. The principles underlying such intricate cooperation were “really very simple,” he said. At the University of Chicago, where Friedman spent most of his teaching life, he edged out the leftist scholars clustered in the Cowles Commission for Economic Research, shrewdly getting the Rockefeller Foundation to pull its funding from the commission and finance Friedman’s workshop instead. Charismatic in the classroom, Friedman didn’t just teach students; he created converts.
Persons: MILTON FRIEDMAN, Jennifer Burns, Milton Friedman, Friedman, , Burns, fashioning, baldheaded Friedman, Burns —, Ayn Rand —, shrewdly, Friedman didn’t, , ” Friedman Organizations: Conservative, Newsweek, Productivity, Stanford, University of Chicago, Commission, Economic Research, Rockefeller Foundation
If two people save $100 a month for retirement, but one starts at 25 and the other at 35, the early saver will have nearly twice as much by age 65. Starting to save now, wherever you are in your timeline, is better than starting tomorrow or next week. Chris and Jennifer both invest $100 a month at a 5% annual compound rate of return. Chris begins investing at age 25, putting away $100 every month until 65 and Jennifer begins saving $100 a month at age 35. Saving in a tax-advantaged retirement account, such as an IRA or 401(k), can give your money an even greater boost.
Persons: , Jennifer, Chris, Andy Kiersz, Robinhood, Ameritrade, Hope isn't Organizations: Service, Business, Robinhood, supersavers
“Las Vegas needs to be full service," he said last month. But by dawn Friday, the union had secured tentative labor deals with MGM Resorts, Caesars and Wynn Resorts, narrowly averting a sweeping strike at 18 hotel-casinos along the Strip. Before the pandemic, daily room cleanings were routine. Some companies say it's because there are environmental benefits to offering fewer room cleanings, like saving water. A spokesman for Wynn Resorts said they already offer daily room cleanings and did not cut back on that service during the pandemic.
Persons: Ted Pappageorge, , Wynn, weren't, Pappageorge, bellman, , David Edelblute, Rory Kuykendall, Jennifer Black, Organizations: LAS VEGAS, Las, Culinary Workers Union, MGM Resorts International, Caesars Entertainment, Wynn Resorts, MGM Resorts, Caesars, MGM, Associated Press, Flamingo Locations: Las Vegas, Vegas, , Flamingo Las Vegas
Board members from Hollywood's actors union voted Friday to approve the deal with studios that ended their strike after nearly four months. Duncan Crabtree-Ireland, Screen Actors Guild-American Federation of Television and Radio Artists' executive director and chief negotiator, announced at an afternoon news conference that it was approved with 86% of the vote. The successful vote from the board, whose members include actors Billy Porter, Jennifer Beals, Sean Astin and Sharon Stone, was entirely expected, as many of the same people were on the committee that negotiated it. In the wake of the announcement of a tentative deal, actors were largely optimistic about what their leaders have won for them, but their reaction to the details will be important. The last screen actors strike, in 1980, had a rocky ending, with many members opposing the contract.
Persons: Duncan Crabtree, Billy Porter, Jennifer Beals, Sean Astin, Sharon Stone Organizations: Screen, American Federation of Television, Radio Artists, SAG, Alliance, Producers Locations: Ireland, Los Angeles, Hollywood
The federal law at the heart of a major Supreme Court case that could determine the scope of gun rights in the United States deals with one of the country’s most vexing problems. “We don’t do it for the prosecutions,” said Jennifer Becker, the director of the National Center on Gun Violence in Relationships at the Battered Women’s Justice Project. But the Supreme Court’s landmark decision in June last year vastly expanded a person’s right to carry a gun in public and upended the standard for determining whether gun laws are constitutional. If the court overturns the federal law, the ruling is likely to reverberate across the country, legal experts say. Currently, 32 states and the District of Columbia all have similar laws that prevent people with domestic violence protection orders from having guns, according to Everytown for Gun Safety.
Persons: , Jennifer Becker, , Ms, Becker, Zackey, John Allen Muhammad, Clarence Thomas, Adam Liptak Organizations: National Center, Women’s, New York Times, District of Columbia, Gun Safety, RAND Corporation, Times Locations: United States, Washington, Louisiana, Ohio
Farmers Insurance deemed it too risky to continue insuring homes in Florida and pulled out of the market there entirely. The average cost for homeowners’ insurance in the United States is about $1,820, according to an analysis by NerdWallet, but there are many variables. As climate risks continue, a standoff has developed over who should pay the cost of insuring homes against ever-growing risks. And for many of the properties that are on the market you can’t obtain insurance? “We’ll have to see some creative solutions in the near term to create that competitive marketplace for insurance,” she said.
Persons: Michael Monaghan, Sellers, , ’ ” Monaghan, , Monaghan, Will, Amy Bach, United, Hurricane Andrew, ” Bach, mitigations, Bach, Jennifer Branchini, Branchini Organizations: DC CNN, Coldwell, Allstate, . Farmers Insurance, National Oceanic, Atmospheric Administration, NOAA, Hurricane, FAIR, California Department of Insurance, California Association of Realtors, State Farm, Farm, Locations: Washington, California, Bayside, , Florida, Monaghan, United States, , San Francisco, “ Florida, Louisiana, WUI, Pleasanton
One Social Security disability applicant finally had a hearing scheduled for this month but did not live until the scheduled date, according to David Camp, interim CEO at the National Organization of Social Security Claimants' Representatives. While the patient sought help with 825 days left to live, Social Security wasted more than 500 days with its delays. From 2010 to 2022, claims for Social Security disability benefits declined by 37%, while claims for Supplemental Security Income, or SSI, fell by 49%, according to Camp. Eliminating that phase of the process could free disability determination services staff to work on initial disability claims and reduce backlog, she said. Increase funding for Social Security AdministrationCongressional Republicans have proposed a 30% federal budget cut, which would be "completely devastating" to the Social Security Administration, said Kerr-Davis.
Persons: Richard Stephen, Istock, David Camp, Linda Kerr, Davis, Kerr, Jennifer Burdick, Aleksandr Zubkov, Burdick Organizations: Getty, National Organization of Social Security, Representatives, Social Security, Social Security Administration, Consortium, Citizens, Force, Republicans, Davis, SSA
The alleged collusion violates the District of Columbia's Antitrust Act, the office said. Washington, D.C., Attorney General Brian Schwalb's office said Tuesday that it's suing RealPage, a property management software company, and 14 of the district's largest landlords for allegedly colluding to raise rents. In a statement to CNBC, a company spokesperson for William C. Smith & Co. said the company does not comment on pending litigation. The software uses proprietary, nonpublic data and statistical models to estimate supply and demand and generate a price to maximize the landlord's revenue. RealPage has previously been sued by renters in the Southern District of California and Tennessee over the past year.
Persons: Igor Golovniov, Brian Schwalb's, it's, RealPage, William C, Smith, didn't, Schwalb, Jennifer Bowcock, Berkshire Hathaway Organizations: Inc, Getty, Columbia's, Washington , D.C, CNBC, Southern District of, D.C, National Association of Realtors, CNBC PRO Locations: Washington ,, Southern District, Southern District of California, Tennessee, Seattle , Texas, Boston, Missouri, Berkshire
Sometimes, the best way for parents to help their kids succeed is to hold them back. In many cases, she encountered parents who felt like their children were the ones insisting on signing up for difficult classes and impressive extracurriculars. "The parents that I met who had the healthiest achievers sometimes held their kids back," Wallace tells CNBC Make It. "Our kids see the dissonance between our words and our actions when we exhaust ourselves, trying to secure the best for them," Wallace writes in her book. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Jennifer Breheny Wallace, Wallace Organizations: Harvard Graduate School of Education, Harvard University, CNBC
You've probably heard about the growth mindset — the idea that constant, incremental improvement can lead to achievement and success. It's also the key to understanding why the growth mindset works and when to lean into it, researchers say. Several studies on school-age children, for example, found that a growth mindset resulted in better grades for kids from financially well-off families than those from poorer backgrounds. A growth mindset is "a necessary but insufficient condition for learning," says Tipton. When a growth mindset is most effective, and how to use it wisely
Persons: You've, Carol Dweck, It's, Jennifer Burnette, Elizabeth Tipton, Tipton, it's Organizations: Ivy League, North Carolina State University, CNBC, Northwestern University, Psychological Locations: Tipton
Raise them to be a "healthy striver," says parenting researcher and author Jennifer Breheny Wallace. Healthy strivers are resilient and self-motivated to succeed, but who don't believe that their accomplishments determine their value as people. Kids who face that mounting pressure to succeed are victims of "toxic achievement culture," Wallace tells CNBC Make It. And when parents regularly voice their concerns about results like grades or sports trophies, it sends a potentially harmful message to their kids: They're only valued for their achievements. Here's how to raise healthy strivers instead, says Wallace.
Persons: Jennifer Breheny Wallace, who've, Wallace Organizations: CNBC, Harvard Graduate School of Education, Harvard University Locations: U.S
WASHINGTON (AP) — Last year, a teenager in a small Michigan town killed himself after an online chat turned to demands that he pay money to keep intimate photos secret. He was one of dozens of people targeted online by two men extradited from Nigeria to face charges, FBI director Christopher Wray said Saturday. The arrests came after the FBI joined with police in Michigan to investigate the death of 17-year-old Jordan DeMay, one thousands of American teenagers targeted in a sharp rise in online “sextortion” cases in recent years. He was preparing to go a trip to Florida with his father the night before his death, she said. HIs family has since spoken out about his death, urging other parents to talk with their kids about “sextortion” schemes.
Persons: Christopher Wray, Jordan DeMay, , ” Wray, Wray, DeMay, Samuel Ogoshi, Samson Ogoshi, Samuel Ogoshi's, Samson Ogoshi's, Jennifer Buta Organizations: WASHINGTON, , FBI, Associated Press, International Association of Chiefs, Police, U.S Locations: Michigan, Nigeria, U.S, Jordan, Upper, Marquette County, Lagos, Ivory Coast, Florida
They're “the most potent greenhouse gases known to modern science,” as one research paper put it and they're growing fast. With the Environmental Protection Agency required to phase out one family of the chemicals 85% by 2036, the push is on to develop and spread cleaner alternatives. With more than 200 million gasoline cars in the U.S. alone, Groll said that amounts to approximately 100 million pounds of refrigerant leaking out into the atmosphere each year. The need to minimize refrigerant leaks has spurred a reuse and reclamation industry. ___Associated Press climate and environmental coverage receives support from several private foundations.
Persons: Jennifer Byrne, Byrne, ” Byrne, Eckhard Groll, Groll, Danielle Wright, , let’s, ” Wright, Mike Armstrong, , Anthony Nash, ” Armstrong, Christopher Cappa, Davis, ” Cappa, Wright, Jarad Mason, Mason Organizations: PHILADELPHIA, Environmental Protection Agency, Purdue University, Supermarkets, Gas, University of California, Trane Technologies, Harvard University, AP Locations: West Philadelphia, U.S, Dallas , Texas, Toledo , Ohio, Punta Gorda , Florida, Americas, refrigerants
Teens in the U.S. are more stressed out than ever, and it's causing their mental health to suffer. Parents need to avoid adding to that pressure, says award-winning journalist and parenting researcher Jennifer Breheny Wallace. Her research for the book inspired her to make a big change to her parenting style when it comes to her own three children, she says. "When my kids come in the door, instead of asking them, 'How'd you do on the Spanish quiz?' — which I used to do before I wrote the book — I now ask them, 'What did you have for lunch?'"
Persons: Jennifer Breheny Wallace, Wallace Organizations: CNBC, Harvard Graduate School of Education, Harvard Locations: U.S
SACRAMENTO, Calif. (AP) — Workers in California will soon receive a minimum of five days of paid sick leave annually, instead of three, under a new law Gov. The law, which takes effect in January, also increases the amount of sick leave workers can carry over into the following year. “Too many folks are still having to choose between skipping a day’s pay and taking care of themselves or their family members when they get sick,” Newsom said in a statement announcing his action. Newsom already signed a law to raise the minimum wage for fast food workers to $20 an hour. Assemblymember Gail Pellerin, a Democrat from Santa Cruz who authored the law and is a former local elections official, said the law creates necessary guardrails around elections.
Persons: Gavin Newsom, Newsom, , ” Newsom, ” Jennifer Barrera, ” Andrea Zinder, Shasta, Donald Trump, , Assemblymember Gail Pellerin, , Cathy Darling Allen, Hart InterCivic, Darling Allen, Patrick Henry Jones, ” Jones didn’t, ___ Sophie Austin, @sophieadanna Organizations: — Workers, Democratic, Wednesday, California Chamber of Commerce, unionize, Food, Commercial Workers Western States Council, Dominion Voting Systems, Santa Cruz, Democrat, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Northern California, Shasta, Santa, Shasta County, United States
It feels natural to many parents to worry about their kids. In an increasingly uncertain world, you want to ensure they're on the right path and have the tools they need to succeed. But when your worry grows out of control and veers into anxiety, it can negatively affect mental health — yours and your child's. Various studies have found surging mental health issues for college students across the U.S. over the past decade. One recent Healthy Minds Study of 96,000 U.S. college students found that 37% reported suffering from anxiety disorders and 15% said they'd seriously considered suicide within the past year.
Persons: Jennifer Breheny Wallace, Wallace, they'd, I've Organizations: Harvard Graduate School of Education, Harvard, CNBC Locations: U.S
Three weeks after Flexport founder Ryan Petersen fired Dave Clark as CEO and returned to run his supply chain software startup, the company has ousted its chief financial officer, and its human resources chief has resigned, CNBC has learned. Flexport informed CFO Kenny Wagers last week that he was being let go, according to people familiar with the situation. Clark and Petersen worked as co-CEOs of Flexport starting last September, and Clark took over as the company's sole CEO in March. Stuart Leung will become Flexport's Chief Financial Officer and report to Ryan Petersen, CEO, effective immediately. WATCH: Flexport CEO Petersen on company's plan to reinvest profits
Persons: Ryan Peterson, Ryan Petersen, Dave Clark, Flexport, Kenny, Stuart Leung, Leung, Petersen's . Petersen, Clark, Jeff Bezos, Petersen, Peter Thiel's, Jennifer Boden, Boden, Darcie Henry, Michael Brown, Stuart, Jennifer, " Petersen, Henry, Teresa Carlson, Tim Collins, Kelly Cheeseman, Andreessen Horowitz, SoftBank, it's, excoriated Clark, — CNBC's Rohan Goswami Organizations: Flexport Inc, CNBC, Amazon, Fund, Restructuring, Founders Fund Locations: San Francisco , California, U.S, Flexport, Shopify, Andreessen
COLUMBUS, Ohio (AP) — Ohio Supreme Court justices vigorously questioned the state's lawyer Wednesday about a legal strategy that Ohio is attempting in hopes of reviving its law banning on abortions except in the earliest weeks of pregnancy. The state is also challenging whether Preterm Cleveland and other Ohio clinics have the necessary legal standing to sue. The legal battle over the law comes as a proposed constitutional amendment that would protect abortion access in Ohio will go before voters in November. Preterm's attorney, B. Jessie Hill, argued that the state's decision to appeal the stay at the Ohio Supreme Court defies “long-standing, well-established rules" on such actions. Ohio clinics then brought their challenge to state court, arguing that a similar right to the procedure exists under the Ohio Constitution.
Persons: Benjamin Flowers, peppering, Flowers, Christian Jenkins, Mike DeWine, Jenkins, ” Flowers, Dave Yost's, Jessie Hill, Hill, they’re, Roe, Wade, , Jennifer Brunner, , “ It's, Yost Organizations: , Republican Gov, Supreme, AP VoteCast, Ohio Locations: COLUMBUS , Ohio, — Ohio, Ohio, Cleveland, Hamilton, U.S
Brenda Tracy, the activist and survivor, said Tucker sexually harassed her during the phone call in April 2022. Tucker has acknowledged having phone sex with her but said it was consensual. Michigan State’s investigation was completed in July and the university informed Tucker last week it planned to fire him for misconduct. Political Cartoons View All 1179 ImagesBelveal said the school previously knew Tucker acknowledged during the investigation in March that he had phone sex with Tracy. Michigan State spokeswoman Emily Guerrant said Monday the school will review Tucker’s response.
Persons: Mel Tucker’s, Tucker, Brenda Tracy, Tracy, Jennifer Belveal, Larry Nassar's, Belveal, , , Tucker’s, Emily Guerrant, Nassar, ” Tucker, ” Belveal, “ Tucker, ” Tracy, Nick Saban Organizations: Michigan State, Michigan, USA, University, Spartans, Ohio State, NFL, Jacksonville Jaguars, Maryland . Michigan State, Iowa, AP Locations: Michigan, Colorado, Georgia , Alabama, Washington, Maryland
The University of Melbourne is hosting an academic conference on Taylor Swift in 2024. They're seeking paper submissions on topics like "one single symbolic dollar" or Taylor Swift, #metoo, and the law. "And when you can't sleep at night (you hear my stolen lullabies)" — Taylor Swift, streaming platforms, and intellectual property (Taylor's version). "If I was a man, then I'd be The Man" — Taylor Swift, and gender and sexuality. AdvertisementAdvertisementSwift's Eras Tour is on track to break records to become the highest-grossing concert in the world, according to analytics firm QuestionPro.
Persons: Taylor Swift, Swift, Jennifer Beckett, they've, Beckett, — Taylor Swift, Shakespeare, Charlotte Brontë, Larry Adam, Raymond James, Taylor Swift's Organizations: University of Melbourne, Service, BBC, , USA, Federal Reserve Locations: Australia, Wall, Silicon, Belgium
One of the most fascinating things that followed had to do with a particular parenting style that hurts children's confidence and self-esteem. Critical parenting can lead to a 'false self'The most successful parents don't follow a critical style of parenting. Parents who raise the strongest and most resilient kids create an environment that allows them to make mistakes and not fear failure. What successful parents do differentlyParents who raise the strongest and most resilient kids create an environment that allows them to make mistakes and not fear failure. You can still love the person, but you don't love the action.
Persons: we're Organizations: Harvard Graduate School of Education
Jazz quintet Ezra Collective wins Mercury Prize
  + stars: | 2023-09-07 | by ( ) www.reuters.com   time to read: +2 min
[1/5] The winner of 2023 Mercury Prize, Ezra Collective, pose for a photograph at the Mercury Music Prize awards in London, Britain, September 7, 2023. REUTERS/Maja Smiejkowska Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Ezra Collective on Thursday won the Mercury Prize for "Where I'm Meant to Be", the first jazz album to ever take home the British music award. Open to all musical genres, the Mercury Prize shortlists 12 albums released by British and Irish acts in the United Kingdom in the past year. by singer Jessie Ware, "Heavy Heavy" by Scottish group Young Fathers and experimental pop duo Jockstrap's debut "I Love You Jennifer B". ($1 = 0.8019 pounds)Reporting by Marie-Louise Gumuchian and Sarah Mills; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: Ezra, Maja Smiejkowska, Femi Koleoso, TJ Koleoso, Joe Armon, Jones, James Mollison, Ife Ogunjobi, Loyle Carner, Raye, Emeli Sande, Steve McQueen, Ezra Collective's, Little, PJ Harvey, DJ Fred, J Hus, Jessie Ware, Jennifer B, Olivia Dean's, Hugo, Marie, Louise Gumuchian, Sarah Mills, Diane Craft Organizations: Mercury, REUTERS, Thursday, British, Kojey, Ezra, Young, Thomson Locations: London, Britain, United Kingdom
If she’s successful, Wozniacki, 33, would join a short list of mothers who have reached the finals of a grand slam, or won. But the rule limits how many grand slams players can enter, something that tennis pro Taylor Townsend of Chicago would like to see changed. No matter what level of income a player earns, the training required to compete and win at the elite level in tennis is intense. “It’s certainly hard enough to win a grand slam without having a child going, ‘Mom, when are you coming back?’ ” Stubbs told CNN. “Serena … I think she wanted to win the grand slam as a mom more than anything,” she said.
Persons: Caroline Wozniacki’s, Tatiana Prozorova, Petra Kvitová, Jennifer Brady, Coco Gauff, , Wozniacki, , , , she’s, Serena Williams, Olympia, Kim Clijsters, Caroline Wozniacki, Jada, Australia’s Margaret Court, Naomi Osaka, Terry Holladay, Taylor Townsend, Townsend, Rennae Stubbs, “ It’s, ’ ” Stubbs, Karolina Pliskova, “ Serena …, Christine Stromberg, She’s, Kate Ackerman, Wu Tsai, ” Ackerman Organizations: New, New York CNN, Vogue Magazine, Queens, Women’s Tennis Association, WTA, ESPN, CNN, Professional Tennis Operations, Services, Harvard University Medical School, Boston Children’s Hospital Locations: New York, Russian, Czech, Florida, Belgian, Chicago
Gauff storms back, setting up Wozniacki clash at U.S. Open
  + stars: | 2023-09-02 | by ( ) www.reuters.com   time to read: +2 min
After some exchanges of breaks early in the second set Gauff seized the momentum for good when she broke for a 4-3 lead, pumping her arms and pointing to her ear when her backhand winner leveled the contest at a set apiece. The third set was all one-way traffic as Gauff's speedy defense, pinpoint serving and terrific play at the net overwhelmed former two-time quarterfinalist Mertens. "It's a matchup I never thought I'd have to play," Gauff said of former world number one Wozniacki, who retired in 2020 to start a family and returned to the game last month. "When she retired I remember saying that I wish I could have played her. "I don't know if it's a battle of generations," she said of the matchup between Gauff, 19, and the 33-year-old Dane.
Persons: Coco Gauff, Belgium's Elise Mertens, Shannon Stapleton, Elise Mertens, Caroline Wozniacki, Mertens, Arthur Ashe, Gauff, quarterfinalist Mertens, Wozniacki, Jennifer Brady, I'd, Dane, Rory Carroll, Gerry Doyle, Miral Organizations: U.S, Thomson Locations: Flushing Meadows , New York, United States, Belgian, Gauff's, Gauff, Los Angeles
A new you, or perhaps a better version of the old you, is just around the corner. So perhaps it’s fitting that comebacks have featured so prominently in the first days of the U.S. Open. Some have gone well — Caroline Wozniacki, Elina Svitolina, Stan Wawrinka, Jennifer Brady. Others — Venus Williams, who suffered an opening night drubbing — not so much. “It’s the competition,” said Brady, 28, who is rediscovering her form following two injury-plagued and mentally grueling year.
Persons: Caroline Wozniacki, Elina Svitolina, Stan Wawrinka, Jennifer Brady, Venus Williams, , , Brady Organizations: U.S .
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