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☆ Inflation blame game: UK economic woes set government and central bank on a collision course
▼ + stars: | 2023-07-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.

Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British

☆ The ultra-wealthy have dangerous pastimes. Who pays when they need saving?
▼ + stars: | 2023-06-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

This past spring, five people, including 56-year-old Czech billionaire Petr Kellner, died in a crash while heliskiing in Alaska. And when people need saving in some of the world’s most unforgiving places, those rescue costs can add up, fast. Canadian Forces/Handout/ReutersAfter an especially deadly season, Furtenbach says, demand for the following season tends to spike. Should people be prevented from taking on such incredible risk if it raises the possibility of an expensive rescue? “No one talks about people spending thousands of dollars to go to amusement park destinations or other tourist locations,” Vescovo said.

Persons: —, Petr Kellner, Everest —, ”, Lukas Furtenbach, Furtenbach, Jon Krakauer, ” Furtenbach, Sebastien Berger, Philippe Brown, Brown, ” Brown, “, haven’t, Philip Stone, ” Stone, Victor Vescovo, Vescovo, ” Vescovo Organizations: New, New York CNN, Royal Canadian Air Force, Canadian Forces, Reuters, Getty, OceanGate, Titan, US Coast Guard, French, Institute for Dark Tourism Research, University of Central, Coast Guard, National Park Service Locations: New York, Mount Everest, Czech, heliskiing, Alaska, Hudson, University of Central Lancashire, United States, New Hampshire, Oregon

☆ For Biden, the Personal and Politically Painful Troubles of His Son
▼ + stars: | 2023-06-20 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

After more than a half-century in politics, no subject may be more personally painful nor politically problematic for President Biden than his troubled son, Hunter. He is by all accounts a gaping wound in his heart and the most sensitive soft spot in his campaign armor. On the one hand, Hunter Biden’s agreement on Tuesday to plead guilty to two misdemeanor tax crimes capped a five-year investigation without allegations of wrongdoing by the president or, presumably, prison time for his youngest son. But on the other hand, it put Hunter once again in the cross-hairs of Mr. Biden’s adversaries who instantly complained that the wayward son got off too easy. The phrase “Hunter Biden’s laptop” has taken on totemic meaning for opponents of the president even if they cannot describe what was actually found on the computer that turned up at a repair shop in 2020.

Persons: Biden, Hunter, Biden’s, Donald J, Trump Organizations: Mr Locations: Washington

☆ China's wayward spy balloon is a sign of a new class of 'pseudo-satellites' crowding the sky far above earth
▼ + stars: | 2023-06-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The recent flight of Chinese spy balloon over the US highlighted a new kind of overhead snooper. These "pseudo-satellites" fly lower than satellites but higher than most planes and are hard to spot. Camera-equipped reconnaissance planes proved crucial in World Wars I and II, followed by the ever-watchful spy satellites of the Cold War. A Chinese spy balloon after being shot down off the coast of South Carolina on February 4. High-altitude platforms fly above bad weather but have a limited payload, while lower-altitude platforms can carry more sensors but are hampered by weather effects.

Persons: —, Andrew Payne, Payne, Foxbats, Lockheed Martin, HALE, Christian Otto, Randall Hill, Michael Peck Organizations: Service, Britain's Royal United Services Institute, US Air Force, AIM, North America, Pentagon, US Army, Lockheed, Airbus Zephyr, Airbus, Nations, Defense, Foreign Policy, Twitter, LinkedIn Locations: Soviet, Israel, North, China, America, South Carolina, Forbes

☆ We bought a 9,000-square-foot mansion in Kansas that dates to 1885 and have found antique jewelry, silver coins, and Civil War memorabilia. We still have so much more to explore.
▼ + stars: | 2023-06-13 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +7 min

Thad and Robin Krasnesky bought a 140-year-old Victorian mansion in Kansas in 2021. They document their explorations on their Facebook page, Krasnesky Manor For Wayward Cats. He and his wife Robin, 49, document their adventures at the house on their Facebook page, Krasnesky Manor For Wayward Cats. A peek inside the Krasneskys' home, which they chronicle on their Facebook page, Krasnesky Manor For Wayward Cats. We've got 14,000 people on our Facebook page now.

Persons: Thad, Robin Krasnesky, —, Thad Krasnesky, Robin, we'd, A.J, Angell, there's, There's, Robin's, Rachel, we've, We've Organizations: Wayward, Service, Broadway, Union, Facebook Locations: Kansas, Texas, Leavenworth , Kansas, It's, England

☆ Manchester City Bends the Story to Its Will
▼ + stars: | 2023-06-09 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

The writers of “Ted Lasso,” the acclaimed, sugar-sweet Apple TV comedy, never particularly worried about being hidebound by reality. At the end of “Ted Lasso” — in all other aspects a determinedly romantic and uplifting show, an unabashed underdog story of empowerment and personal growth and the overwhelming power of nice — Manchester City still wins the Premier League. Even in fiction, City cannot be dislodged. City is not the villain, not really, in the Lasso Cinematic Universe. That role goes, instead, to a combination of conventional thinking and West Ham.

Persons: “ Ted Lasso, ”, Zlatan Ibrahimovic, West Ham, Ted Lasso ” —, Pep Guardiola Organizations: Apple, Premier League, Manchester City, West Ham Locations: American, West

☆ NORAD scrambled an F-16 to intercept an apparently wayward civilian business jet that flew over DC and later crashed
▼ + stars: | 2023-06-05 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

The military jet caused a sonic boom while pursuing the small plane, which later crashed. It was not immediately clear why the plane was nonresponsive, why it crashed, or who was on board. The fighter jet caused a loud sonic boom across the capital region. A US official confirmed to The Associated Press the military jet had scrambled to respond to the small plane, which later crashed. The North American Aerospace Defense Command later said the F-16 was authorized to travel at supersonic speeds, which caused a sonic boom.

Persons: —, Long, Barbara Rumpel, Joe Biden, Joint Base Andrews, Anthony Guglielmi, Biden Organizations: Encore Motors, Melbourne Inc, Service, Federal Aviation Administration, Cessna, Long Island's MacArthur, Associated Press, North American Aerospace Defense Command, NORAD, Joint Base, US, White, DOD, Pentagon, DC Air National Guard Locations: Virginia, Elizabethtown , Tennessee, New, Long, Montebello , Virginia, St, Mary's, Melbourne , Florida, Maryland

One pillow that meets every sleeper's needs seemed like a pipe dream — until I tested the Coop Sleep Goods Original Pillow. Coop Sleep Goods Original Pillow The Coop Sleep Goods Original Pillow offers thoughtful features like adjustable fill, a washable pillow cover, and an unparalleled 100-night trial that make it the best choice for most people. Shop at Amazon Shop at Walmart Shop at Coop Sleep Goods What we like Check mark icon A check mark. With the Coop pillow, the encasement acts as a barrier between your pillowcase and the inner pillow. Finally, while I think a good pillow is worth investing in, it's hard to find one at as good a price as the Coop Sleep Goods Original Pillow.

Persons: I've, I'm, Ellen Hoffman, Lauren Savoie, Lisa Sabatini, Coop, There's, it's Organizations: Business, Shop, Walmart, Coop, Branch Locations: hypoallergenic, CertiPUR, Boll

☆ Leicester City: From Premier League champion to Championship? 2016 title winner is on the brink of relegation
▼ + stars: | 2023-05-27 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Leicester City’s Premier League triumph in 2015/16 remains one of the greatest achievements in the history of sport. With just one game left of the season, Leicester is in 18th place – the third and final relegation spot – on 31 points, two points adrift of Everton in 17th and safety. Former manager Brendan Rogers, who had been at the club since 2019, was sacked in April as Leicester made a last-ditch attempt to salvage its Premier League status by hiring Dean Smith. Of the teams facing relegation, Leicester certainly looks best placed to make an immediate return to the Premier League with some talented players and a potentially massive transfer budget from the sale of its stars. While Allardyce is known for his expertise in saving teams from relegation, his style of football could not be more different to Bielsa’s.

☆ Man United beat Bournemouth to close on Champions League
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +3 min

[1/4] Soccer Football - Premier League - AFC Bournemouth v Manchester United - Vitality Stadium, Bournemouth, Britain - May 20, 2023 Manchester United's Casemiro and teammates celebrate after the match... Read moreBOURNEMOUTH, England, May 20 (Reuters) - Midfielder Casemiro scored a brilliant acrobatic volley to give Manchester United a 1-0 Premier League win at Bournemouth on Saturday that took them closer to Champions League football next season. Fifth-placed Liverpool, who are on 66 points after a 1-1 draw against Aston Villa, face relegated Southampton on the final day. It is not easy scoring goals," United manager Erik ten Hag told the BBC. As Manchester United's game was ending, Liverpool were a goal down to Aston Villa and a defeat there would have guaranteed United's qualification for the Champions League. But even though Roberto Firmino equalised for Liverpool, Ten Hag said he was not interested in that result.

☆ 2023 PGA Championship: Joel Dahmen gives golf fan $100 to buy beers after hitting him with errant ball
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —One golf fan has found an unusual way to bypass having to pay for beers at the PGA Championship this week – take a Joel Dahmen tee shot to the leg. When told each beer cost $17, Dahmen handed over $100 for some refreshments, McGuire said, with the tweet showing the duo posing for pictures with the bill. Shoutout to @Joel_Dahmen for hitting my calf with a tee shot today on hole #1! “I’m a middle of the road PGA Tour player,” Dahmen explained. 108 enjoyed a strong end to 2022 but has endured a tough start to the current season, missing the cut in four of his last seven PGA Tour appearances.

Trump was back on CNN primetime during a town hall appearance on Wednesday night. And CNN certainly seemed to be eager for conservative buy-in during the Wednesday town hall, filling the room with a mixture of New Hampshire Republicans and effectively independent voters. The former president's advisor told other outlets that the town hall was an effort to underline Trump's 2016 strategy of reaching beyond the traditional GOP coalition. During the Wednesday town hall, Trump called Carroll a "whack job," echoing the very falsehoods that landed him with a defamation charge this week. "The predictably disastrous @cnn town hall was indeed disastrous," former broadcast exec and current dean of the Lawrence Herbert School of Communication at Hofstra University, Mark Lukasiewicz tweeted.

☆ ‘Class of ‘09’ Review: Imagining the FBI’s AI Dilemma
▼ + stars: | 2023-05-10 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Brian Tyree Henry Photo: FX NetworksHollywood and its offspring have cozied up to the FBI—often to their mutual satisfaction—since “G-Men” of 1935. Under fire for its catalog of gangster films, Warner Brothers simply flipped the script: James Cagney went from public enemy to federal investigator, J. Edgar Hoover ’s infant agency got the star treatment, and the studio looked righteous while raking it in. Class of ’09 Begins Wednesday, HuluYes, the relationship has had its ups and downs—suspicions, infidelities, trial separations. But there’s always a reunion, with the FBI being portrayed as an agency in which wayward people are an aberration, and the stalwart agents of fiction keep the faith. It may be a problematic symbiosis, but it never seems to totally collapse, not even in “Class of ’09.”

☆ On Muted War Holiday, Putin Tries to Justify Invasion of Ukraine
▼ + stars: | 2023-05-09 | by ( Anatoly Kurmanaev | Ivan Nechepurenko | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin on Tuesday used a scaled-down commemoration of triumph in World War II as a platform to denounce the West and make fictitious claims about Ukraine, equating his war of choice against that country with the Soviet Union’s fight for survival against Nazi Germany. With Russia struggling on the battlefield, the annual celebration of Victory Day, Russia’s most important and deeply emotional secular holiday, was far more muted than in the past. But Mr. Putin tried to seize on his nation’s proud memory of what it calls the Great Patriotic War to rally support for the war he launched against Ukraine last year, explicitly comparing the two. “A real war has been unleashed against our motherland again,” Mr. Putin said in a 10-minute speech in Moscow’s Red Square, whose themes were quickly repeated by state media. But his rhetoric has shifted from talk of a limited war — in his telling, one of self-defense — to drawing direct parallels to the colossal fight against Nazism.

☆ Messy eating habits might reveal elusive black hole
▼ + stars: | 2023-04-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

The clues uncovered in the experiment might help astronomers find intermediate-mass black holes by searching for evidence of their behaviors. During the simulations, the intermediate-mass black hole snagged the star in its orbit, and each time the star made another lap, the black hole took another bite out of it. Each flare is brighter than the last, creating a signature that might help astronomers find them.”The search for elusive black holesAstrophysicists are still trying to prove if intermediate-mass black holes exist in the first place. The mass of a medium-mass black hole is thought to be between that of a supermassive black hole and a much lower-mass black hole. For example, what appears to be an intermediate-mass black hole might actually be the accumulation of stellar-mass black holes.”During the 3D modeling experiment, stars were able to complete as many as five orbits around an intermediate-mass black hole before being kicked away.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Ten Hag pleased with United response in FA Cup semi-final win
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +3 min

LONDON, England, April 23 (Reuters) - Manchester United bounced back from a difficult week with a 7-6 shootout win over Brighton & Hove Albion on Sunday that booked an FA Cup final spot to the relief of manager Erik ten Hag. It was the first-ever FA Cup semi-final shootout to go to sudden death. "He is quite cool when it comes to penalties and he's quite cool in general," Ten Hag said of Lindelof. MANCHESTER DERBYSunday's win set up the first all-Manchester FA Cup final, after City cruised past Sheffield United 3-0 on Saturday, and Ten Hag's second showpiece match in his first season at the helm after he guided United to a League Cup triumph in February. "Whether Manchester United win the cup or not it's going to be a fantastic season for them.

☆ How a Missed Tummy Tuck in Mexico Led to a Deadly Kidnapping
▼ + stars: | 2023-04-17 | by ( Jacey Fortin | ) www.nytimes.com time to read: +1 min

Within minutes of riding into Mexico in a rented white minivan last month, Latavia McGee knew that she was lost. She and three of her closest friends — close enough that she called them brothers — had driven from South Carolina to Matamoros in the state of Tamaulipas so that she could get a tummy tuck procedure. But this time, she was running late, had no phone service and had veered off course, Ms. McGee recalled in a recent interview. Also in the wayward van were Zindell Brown, Shaeed Woodard and Eric Williams, old companions with whom she had grown up in South Carolina. That morning in Mexico, they had been enjoying one another’s company, Ms. McGee said, as Mr. Brown, the best Spanish speaker of the four, asked strangers for directions.

☆ ‘The Odyssey of Phillis Wheatley’ Review: A Poet’s Emancipation
▼ + stars: | 2023-04-07 | by ( Randall Fuller | ) www.wsj.com time to read: +1 min

A 1773 edition of Phlllis Wheatley’s ‘Poems on Various Subjects, Religious and Moral.’Leading up to the American Revolution, England possessed one advantage in the heated propaganda war with its wayward colonies: American patriots, so preoccupied with their own liberty, were among the largest buyers and sellers of humans in the world. The hypocrisy was self-evident. As one English writer noted, even as Bostonians claimed that officials in London were “forging infernal chains,” they themselves “actually have in town two thousand Negroe slaves, who neither by themselves in person, nor by representatives of their own free election ever gave consent to their present state of bondage.” Samuel Johnson put it more tartly: “How is it we hear the loudest yelps for liberty from the drivers of Negroes?”So effective was this line of attack that many revolutionaries considered slavery in the colonies the greatest obstacle to their own rights. Responses ranged from a defensive justification of slavery on grounds of racial inferiority to full-throated calls for the end of the practice altogether.

☆ Scientists explain alien comet 'Oumuamua's strange acceleration
▼ + stars: | 2023-03-23 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

A new study has offered a more sober explanation - that 'Oumuamua's speed-up was due to the release of hydrogen gas as the comet warmed up in the sunlight. "The key finding is that 'Oumuamua may have started as a water-rich icy planetesimal broadly similar to solar system comets. "We don't know its place of origin but it was probably traveling through interstellar space for less than 100 million years. It had a reddish color consistent with the colors of many small bodies in the solar system. A second interstellar object, the comet 2I/Borisov, was discovered visiting our solar system in 2019.

"Beijing will have to make its own decisions about how it proceeds, whether it provides military assistance - but if it goes down that road it will come at real costs to China," Sullivan told CNN's "State of the Union" program. The United States and its NATO allies in recent days have been scrambling to dissuade China from such a move, making public comments on their belief that China is considering providing lethal equipment to Russia. U.S. Secretary of State Antony Blinken on Friday said China has been providing nonlethal assistance to Russia through its companies. Putin has alluded to a Xi visit but the timing has not been confirmed by Russia or China. Russia and China signed a "no limits" partnership in February 2022 shortly before Russian forces invaded Ukraine.

"Beijing will have to make its own decisions about how it proceeds, whether it provides military assistance - but if it goes down that road it will come at real costs to China," Sullivan told CNN's "State of the Union" program. The United States and its NATO allies in recent days have been scrambling to dissuade China from such a move, making public comments on their belief that China is considering providing lethal equipment to Russia. U.S. Secretary of State Antony Blinken on Friday said China has been providing nonlethal assistance to Russia through its companies. The United States has been by far the largest supplier of military assistance to help Ukraine repel better-equipped Russian forces. Russia and China signed a "no limits" partnership in February 2022 shortly before Russian forces invaded Ukraine.

☆ Dow said it was recycling our shoes. We found them in Indonesia
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +19 min

While the sample was small, the fact that none of these shoes made it to a Singapore recycling facility underscores weaknesses in the system. Dow said these builds will use the 10,000 kilograms (22,000 pounds) of recycled shoe material that have been produced through the Singapore recycling project so far. Reuters had dropped those shoes into a Dow recycling bin at a Singapore community center in September, three months earlier. Recycling flopsThis is not the first novel recycling scheme launched by Dow that hasn’t lived up to its billing. In its Jan. 18 statement, Dow said the shoe recycling partners are “energized by the common vision of sport championing a greener and more sustainable Singapore.” Dow did not comment on the Journal of Consumer Psychology study.

☆ U.S. looks to expand Taiwan military training -sources
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Reuters reported in 2021 that a small number of U.S. special operations forces have been rotating into Taiwan on a temporary basis to train their forces. Speaking to reporters in Taipei on Friday, Taiwan Defense Minister Chiu Kuo-cheng said he "didn't know" the source of the information about expanded training. He added Taiwan and the United States had a lot of military interaction, and declined further comment. Taiwan's official Central News Agency this week reported that a battalion of around 500 soldiers would go to the United States for training this year. Chu indirectly confirmed that some soldiers would head to the United States for training that would be more tactical than in the past, but did not provide details of numbers.

☆ Morning Bid: Volatility stirs
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +5 min

World markets end a rough week of confusing and competing narratives in distinctly edgy form, with peculiarly subdued volatility gauges flickering back to life. Both 10 and 30-year yields hit their highest levels in over a month early on Friday. Job shedding in the digital sector continued, with Yahoo's plans to lay off more than 20% of its total workforce. That said, the year-on-year oil price trend continues to be negative, as it's been all year and base effects from last year's price spike around the Ukraine invasion will only deepen that and weigh on headline inflation further. Goldman Sachs lowered its oil price forecasts for this year and next, cutting its Brent 2023 price forecast by $6 to $92 per barrel - still above current levels around $86.

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