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☆ Analysis: Why Trump's Republican rivals should focus on New Hampshire, not Iowa
▼ + stars: | 2023-07-09 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

All those candidates, however, then proceeded to lose the New Hampshire primary and the party nomination. Only 26% of New Hampshire Republican primary voters identified the same way. Trump has also been weaker among demographic groups who make up a larger share of the New Hampshire Republican electorate. Although the 2016 Iowa entrance poll did not ask about income, the 2020 general election exit poll did. (Note: Household and family income are somewhat different measures, but I’m merely demonstrating that New Hampshire Republicans are, on the whole, wealthier than Iowa Republicans.)

Persons: Donald Trump, South Carolina Sen, Tim Scott, Mike Pence –, Trump, Iowans, Mike Huckabee, Rick Santorum, Ted Cruz, Bob Dole, George W, Bush, Mike Pence, Joseph Prezioso, Ron DeSantis, Quinnipiac, Iowa Republican caucusgoers, I’m, Chris Christie, Christie Organizations: CNN, –, Trump, Iowa Republican, Trump Republicans, Republican, New, Iowa, GOP, Hawkeye, Getty, New Hampshire Republicans, Iowa Republicans, Republicans, Florida Gov, New Hampshire GOP, New Hampshire Republican, New Jersey Gov Locations: South Carolina, Iowa, New Hampshire, Derry , New Hampshire, AFP, Hampshire, New, New Jersey

☆ Here's what a block of a cream cheese says about the state of inflation
▼ + stars: | 2023-07-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

When a bagel with cream cheese doubles in cost the taste is tainted. So, 'getting there, going in the right direction' is the language we will hear about the state of inflation Wednesday morning. But it's not just about the cost of a block of cream cheese. Whether it's a block of cream cheese going for $150 or a Toll Brothers (TOL) home selling for $1 million, with multiple bidders, we are all bewildered. The longer a block of cream cheese stays at $150, the more ingrained it gets.

Persons: –, that's, it's, Biden, Jerome Powell, Powell, It's, Let's, Jim Cramer's, Jim Cramer, Jim Organizations: U.S . Labor Department, Federal Reserve, Trump, Jim Cramer's Charitable, CNBC Locations: Goldberg's, Westhampton Beach , NY, Ukraine, Covid

☆ The Supreme Court makes almost all of its decisions on the 'shadow docket.' An author argues it should worry Americans more than luxury trips.
▼ + stars: | 2023-07-07 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court 'shadow docket?' Capitol Police watch an abortion-rights rally from behind the security fence surrounding the Supreme Court on June 23, 2022. Public trust in the Supreme Court is at a historic lowNadine Seiler attends a rally for voting rights while the U.S. Supreme Court hears oral arguments in the Moore v. Harper case December 7, 2022. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.

Persons: Steve Vladeck, —, Vladeck, Sonia Sotomayor, Clarence Thomas, John Roberts, Amy Coney Barrett, Neil Gorsuch, Brett Kavanaugh, Scott Applewhite, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Anthony Kennedy, Stephen Breyer, Elena Kagan, Ketanji Brown Jackson, Joe Biden's, Chip Somodevilla, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, AP, University of Chicago, Capitol Police, Getty, Former, — Locations: United, Joe Biden's State, Texas, U.S, Moore

☆ Canada agrees up to C$15 bln in incentives for Stellantis-LGES battery plant
▼ + stars: | 2023-07-06 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, July 6 (Reuters) - Canada is willing to dole out up to C$15 billion ($11.3 billion) in production incentives for a Stellantis-LG Energy Solution (LGES) (STLAM.MI), electric vehicle battery plant, trumping a record deal with Volkswagen as Ottawa competes with Washington to woo major clean-tech projects. The subsidies deal has resulted in construction resuming at the Stellantis-LGES plant after the companies halted the project in May demanding Canada match support available in the United States under the Inflation Reduction Act (IRA). Canada has said that projects like the Stellantis and Volkswagen battery plants would be "anchors" for a pivot to clean tech. The funding for the battery plant will be provided by Canada's federal government and the Ontario province in a pact structured similarly to the C$13 billion deal for Volkswagen's plant. ($1 = 1.3320 Canadian dollars)Reporting by Ismail Shakil in Ottawa; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: trumping, Stellantis, Ismail Shakil, David Holmes Organizations: OTTAWA, LG Energy, Volkswagen, Ottawa, U.S ., Thomson Locations: Canada, Washington, United States, Ontario, Detroit, Ottawa

☆ Nearly all of the Supreme Court's decisions are made on the 'shadow docket.' It poses an even bigger ethical concern than luxury trips and disclosure forms.
▼ + stars: | 2023-07-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +10 min

The Supreme Court makes nearly all its decisions on the emergency relief docket or "shadow docket." What is the Supreme Court "shadow docket?" The court's emergency docket is where justices make quick decisions to address emergency relief requests and other procedural matters. But the vast majority of orders that reach the emergency docket are of little interest to the general public. The dangers posed by the shadow docket are more perilous than the wrongs of individual justices, Vladeck argues, because the shadow docket's ills are inherently institutional.

Persons: Steve Vladeck, —, Vladeck, mifepristone, William Baude, Nathan Howard, it's, Ruth Bader Ginsburg, Roe, Wade, Obama, Bush, Trump, Nadine Seiler, Harper, Drew Angerer, stokes Organizations: Service, Supreme, Supreme Court, University of Chicago, Capitol Police, Getty, — Locations: Texas, U.S, Moore

☆ Canceled, delayed flights are likely over July 4 holiday weekend. What to know about your rights
▼ + stars: | 2023-06-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Over 2.8 million travelers are expected to pass through airport security checkpoints on Friday — a single-day record, according to the Transportation Security Administration. This comes as severe storms and staffing shortages have already derailed thousands of flights this week. Federal law doesn't require airlines to pay compensation to passengers for delays, Palmer said. The U.S. Department of Transportation's Airline Customer Service Dashboard outlines passenger rights for specific airlines. Even if a delay isn't their fault, many airlines will transfer your ticket to another airline's flight with available seats at no additional cost — if you ask, according to the U.S. PIRG Education Fund.

Persons: Andrew Bret Wallis, Pete Buttigieg, Kimberly Palmer, Palmer, Murray Organizations: DigitalVision, Transportation Security Administration, TSA, U.S, U.S . Department of Transportation's, PIRG

☆ Your city could get millions to create jobs under a new Biden plan to put Americans back to work
▼ + stars: | 2023-06-29 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Cities and regions left behind by bygone industries can now apply for funding to revitalize jobs. The Biden administration is opening up applications for its Recompete Pilot Program. Under that program, a handful of "distressed communities" can receive at least $20 million. It's called the Recompete Pilot Program, and it's meant to pump funds into economically distressed areas. According to research from Timothy J. Bartik for the Brookings Institute, nearly a sixth of the country's population lives in distressed communities.

Persons: Biden, —, It's, Biden's, Gina Raimondo, Timothy J, Bartik, Derek Kilmer, it's, Kilmer, what's, Alejandra Castillo Organizations: Service, Economic Development Administration, Brookings Institute, White, Commerce, Economic Development Locations: Scranton , Pennsylvania, Washington

☆ What Chinese Calligraphy Taught Me About Myself
▼ + stars: | 2023-06-27 | by ( Jerrine Tan | ) www.nytimes.com time to read: +3 min

In calligraphy, the idea is to replicate the old masters’ techniques, thereby refining your own. I was trying to make sense of this tangle by writing lines, but at its heart, calligraphy is a sensuous practice. As a bodily practice, calligraphy could transcend its own cultural constraints. I had been learning calligraphy to try to get in touch with my cultural roots, but what I was really seeking was a return to myself. In my visceral responses, I observe how calligraphy reveals our intuition for beauty.

Persons: ”, “, nudged, tingle, Roland Barthes, I’ve, Jerrine Tan Organizations: verve, City University, City University Hong Kong Locations: City University Hong

☆ Why billionaire Dustin Moskovitz keeps buying up shares of his software company Asana
▼ + stars: | 2023-06-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Moskovitz, who is still known by many as a co-founder of Facebook, started Asana in 2008 to make work more collaborative through software. Following the purchase of 480,000 Asana shares in June, Moskovitz's ownership swelled to 111.4 million shares, representing over 51% of outstanding stock. Even after rallying 66% this year, Asana shares are more than 80% below their record high from late 2021. Moskovitz has agreed not to buy all outstanding Asana shares or even acquire ownership of 90% of the common stock. Moskovitz declined to talk about whether he was buying up shares to prevent activist investors from coming in and trying to force change.

Persons: Asana's Dustin Moskovitz, Moskovitz, Asana, It's, Cari, ChatGPT, it's, Mark Zuckerberg, Chris Hughes, Eduardo Saverin, Zuckerberg Organizations: Facebook, CNBC, Meta, Good Ventures, National Science Foundation, University of California, Harvard University, New York Stock Exchange Locations: Berkeley

[1/2] The Starlink logo is seen in front of the Indian flag in this illustration taken, June 21, 2023. The Telecom Regulatory Authority of India, OneWeb and Starlink parent SpaceX, did not respond. Deloitte says India's satellite broadband service market will grow 36% a year to reach $1.9 billion by 2030. Starlink is waiting for clarity on India's spectrum allocation before firming up its commercial strategy, another source said. "I'd expect Starlink to make high-profile free offers elsewhere in order to try and demonstrate what India could be missing out on," he said.

Persons: Dado Ruvic, Starlink, India's Ambani, Elon Musk, Mukesh Ambani, Narendra Modi, Musk, Ambani, OneWeb, Tim Farrar, Aditya Kalra, Munsif Vengattil, Aditi Shah, Raju Gopalakrishnan Organizations: REUTERS, DELHI, Reliance, Indian, Ambani's, Telecom Regulatory Authority of, SpaceX, Reuters, Deloitte, Foreign, TMF Associates, Thomson Locations: India, U.S, Telecom Regulatory Authority of India

☆ UBS just reshuffled its leadership ranks after buying Credit Suisse. See the new power players in charge of the $1.7 trillion Swiss banking behemoth.
▼ + stars: | 2023-06-12 | by ( Michelle Abrego | Kaja Whitehouse | ) www.businessinsider.com time to read: +11 min

The merger between Credit Suisse and UBS creates a new Swiss banking behemoth with $1.7 trillion in assets. Investment bank leadersThe president of UBS's investment bank, Robert Karofsky, circulated a memo on Monday announcing his new leadership team. Ebert, co-head of markets at Credit Suisse, was also named head of Credit Suisse for the Investment Bank, reporting to Karofsky. UBS global wealth management president Iqbal Khan revealed the appointments to its critical wealth business in an internal memo titled "Becoming a global wealth powerhouse." Members of the current Credit Suisse wealth management leadership team will report to both Yves-Alain and to their respective UBS global wealth management regional leader.

Persons: Yves, Alain Sommerhalder, Michael Ebert, Robert Karofsky, Ebert, Karofsky, Marco Valla, Valla, Javier Oficialdegui, Mike, I've, George Athanasopoulos, Jason Barron, Ros L'Esperance, Dan Dowd, Taichi Takahashi, Chris Leone, Julie Beavan, Tricia Hazelwood, Jeff Hinton, Kurt Anthony, Laurence Braham, Richard Hardegree, Richard Casavechia, Ozzie Ramos, Jason Williams, Neil Meyer, Ken Tittle, Iqbal Khan, Francesco De Ferrari, Khan, Reuters Yves, Alain, Wiwi Gutmannsbauer, Benjamin Cavalli, Cavalli, Kinner, Amy Lo, Jin Yee Young, Young, Hatecke, UBS's Anton Simonet, Christl, Jason Chandler, Sergio Ermotti, Ralph Hamers, Ermotti, MICHELE LIMINA, Todd Tuckner, Sarah Youngwood, Michelle Bereaux, Stefan Seiler, Christian Bluhm, Damian Vogel, Ulrich Körner Organizations: UBS, Credit Suisse, Suisse, Credit, Wall Street, Investment, Investment Bank, Barclays, Global Banking, Investment Bank Management, Global Markets, Global Research, IB, Resource Management, Staff, MUFG Securities, Reuters, Yves, Deutsche, Switzerland, Swiss Re, Getty Locations: Switzerland's, Swiss, Americas, Asia, Singapore, Switzerland, Europe, Middle East, Africa, America, AFP

CNN —Pat Robertson, the prominent televangelist who founded the Christian Broadcasting Network, made the Christian right a powerful political force and unsuccessfully ran for president in 1988, died on Thursday, the network said in a news release. “Pat Robertson, longtime TV host, religious broadcaster, educator, humanitarian, and one-time presidential candidate died at his home in Virginia Beach early Thursday morning. Pat Robertson (right) hosted the show "The 700 Club" on his Christian Broadcasting Network from 1966 to 2021. Linda C. Culpepper/APRobertson helped transform the conservative evangelical movement into a political force on the American right that helped elect Ronald Reagan. His wife of 70 years, Dede Robertson, died last year at the age of 94.

Persons: Pat Robertson, “ Pat Robertson, Robertson, “, Academic Affairs William L, Hathaway, “ Dr, Jesus Christ, ”, ” –, Linda C, Culpepper, Ronald Reagan, George H.W, Bush, Bob Dole, Jerry Falwell, ’ ” Falwell, ” Robertson, Donald Trump, Trump, Gordon, Dede Robertson Organizations: CNN, Christian Broadcasting Network, Regent University, ” Regent University Executive, Academic Affairs, Southern Baptist, Republican, Christian Coalition of America, ”, ACLU, People, Trump Locations: Virginia Beach, Virginia, America, Haiti

☆ Schools Received Billions in Stimulus Funds. It May Not Be Doing Enough.
▼ + stars: | 2023-06-05 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Plans for the relief funds have varied across the country. The federal government does limited tracking of the relief funds, which were sent directly to states. Many states, which dole out the money to districts, do not provide detailed breakdowns of expenditures. Although schools were initially slow to spend the money, they are now on track to exhaust the funding by the September 2024 deadline for budgeting the money. Ms. Lake said giving across-the-board bonuses, completing maintenance projects and plugging holes in budgets were less effective interventions.

Persons: Robin Lake, Lake Organizations: Reinventing Public Education

☆ Opinion | Republicans Have a Twisted View of the Safety Net
▼ + stars: | 2023-06-02 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

The essential problem with assistance programs, from this point of view, is that they exist — that they let people live without needing to work. “We’re going to put work requirements on that individual, so he’s going to get a job.”Now, McCarthy obviously misspoke when he said “child” — he clearly meant an adult. (Although, here, it is hard not to think of Republican opposition to free school lunch and support for loosening child labor laws.) But the rhetorical error is less important than what his image of a welfare recipient says about his view of the role of government. It does not matter that many Americans who don’t work can’t work, whether for health reasons or because of familial obligations.

Persons: ” Kevin McCarthy, Biden, We’re, ”, McCarthy, ” — Organizations: Fox

PREVIEWBirol pointed to a “powerful alignment of major factors,” driving clean-energy spending higher, while spending on oil and other fossil fuels remains subdued. The Covid-19 pandemic appears to have marked a turning point for global energy spending, the IEA’s data shows. While clean-energy spending has boomed, spending on fossil fuels has been tepid. Investments in clean energy and fossil fuels were largely neck-and-neck in the years leading up to the pandemic, but have diverged sharply since. “If there is not enough investment globally to reduce the oil demand growth and there is no investment at the same time [in] upstream oil we may see further volatility in global oil prices,” Birol said.

☆ Opinion | My Daughter Was So Alive. How Can She Now Be Gone?
▼ + stars: | 2023-05-19 | by ( Sarah Wildman | ) www.nytimes.com time to read: +2 min

Seeing old friends recently I joked, dry-eyed, about the wonder and terror of the first seven days of Jewish mourning — the shiva — being like a sort of cocktail party in hell. The night before, at a lovely restaurant, apropos of nothing at all, I started weeping into my food and ran to escape the table. I could see myself there, some 40 months earlier, talking to her teacher about the strange pain keeping my daughter from class. In the early days, her hurt was so raw we could just barely keep hold of her in its tumult. Hana worried that she was so angry with God that God would be angry with her.

☆ Republican allies form Super PAC to back Pence presidential bid
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 16 (Reuters) - Allies of Mike Pence launched a Super PAC on Tuesday to garner support for the former vice president as he moves toward an expected run for the 2024 Republican presidential nomination. The political action committee will be led by former U.S. Representative Jeb Hensarling and longtime Republican strategist Scott Reed, the group said in a statement. Super PACS are allowed to raise unlimited sums for political purposes, provided they do not coordinate directly with campaigns. Standing up to Trump has not won him broad support among the Republicans who remain loyal to the former president. Florida Governor Ron DeSantis, an expected candidate, drew 21% support, while Pence was backed by 5% of Republicans.

Former Vice President Mike Pence is expected to soon declare a long-shot campaign for the White House against the president under whom he served, pitching himself as a “classical conservative” who would return the Republican Party to its pre-Trump roots, according to people close to Mr. Pence. Mr. Pence is working to carve out space in the Republican primary field by appealing to evangelicals, adopting a hard-line position in support of a federal abortion ban, promoting free trade and pushing back against Republican efforts to police big business on ideological grounds. He faces significant challenges, trails far behind in the polls and has made no effort to channel the populist energies overtaking the Republican Party. In a sign his campaign will be announced in the coming weeks, a pro-Pence super PAC called Committed to America is being set up. A veteran Republican operative, Scott Reed, who ran Bob Dole’s 1996 presidential campaign and was the longtime top political strategist for the U.S. Chamber of Commerce, will lead the group alongside Jeb Hensarling, a close friend of Mr. Pence’s who served with him in Congress.

The measures include an interest rate hike by the central bank, the economy ministry said in a statement. The ministry did not elaborate, but an official source told Reuters the hike would be 600 basis points, bringing the rate up to 97%. The rate hike will take effect Monday, the source added. The South American nation is battling to bring down inflation that hit 109% on an annual basis in April. The central bank will also increase its intervention in the foreign-exchange market and double down on its currency devaluation plan, the ministry said.

☆ Debt ceiling crisis hangs over markets, with investors hoping to avoid a repeat of 2011
▼ + stars: | 2023-05-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +8 min

Republicans, led by House Speaker Kevin McCarthy, want to attach spending cuts to any agreement to raise the debt ceiling. Biden and the Democrats say they are willing to talk about spending cuts but only outside the debt ceiling discussions. Raising the debt ceiling would allow the government to pay for spending that has already occurred. That year, the debt ceiling was raised at the last minute but not before a summer of bickering sent the S & P 500 down 17% from late July to mid-August. The market this past week stumbled with the debt ceiling deadline looming and over concern about regional bank failures.

☆ Chinese company earnings reveal lopsided economic recovery
▼ + stars: | 2023-05-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Restaurants and tourism businesses recovered, with travel-related consumer services sector earnings surging 155%, data from China International Capital Corp (CICC) showed. Food-and-beverage sector earnings jumped 18% and automobiles were up a smaller 8%. Several analysts believe the first quarter will be the low point for 2023 and full-year earnings will reach double digits. Refinitiv data forecasts full-year earnings growth of 26% for companies listed on the Shanghai Stock Exchange. The materials sector posted the worst results, with earnings in steel and building materials tumbling more than 60%, respectively.

☆ Polls: Where is Trump polling today?
▼ + stars: | 2023-05-10 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

Trump is polling, on average, north of 50% in national polls of likely GOP primary voters. There are very few candidates, of either party, in nonincumbent races who were near or north of 50% in the national primary polls this early on. Trump has now opened up a 20-point advantage in the latest UNH survey among likely GOP primary voters. Of course, if it was solely the polls where Trump was ahead, that might be one thing. It will take something big to knock him off his perch at the top of the Republican polls.

☆ Australia to deliver first budget surplus in 15 years
▼ + stars: | 2023-05-08 | by ( Stella Qiu | ) www.reuters.com time to read: +2 min

SYDNEY (Reuters) - Australia is set to deliver its first budget surplus in 15 years on Tuesday, as its coffers bulge with tax windfalls from higher commodities prices and wages, giving it room to dole out cost-of-living relief amid an inflation squeeze on households. FILE PHOTO: Tourists walk around the forecourt of Australia's Parliament House in Canberra, Australia, October 16, 2017. REUTERS/David GrayHowever, fiscal challenges loom large with resource prices well off their peaks and the domestic economy slowing thanks to high interest rates. That is a huge turnaround from a projected deficit of A$36.9 billion in October, although underlying structural pressures are seen keeping the budget in the red in years ahead. “This will be a responsible Budget, which focuses on people doing it tough,” said Chalmers in an interview with ABC Radio on Monday.

☆ Opinion | John Mulaney and the Insatiable Modern Audience
▼ + stars: | 2023-05-03 | by ( Jessica Grose | ) www.nytimes.com time to read: +4 min

Judging by the reaction online, not to mention the texts on my phone, people had feelings about this — lots of them. Mulaney made the word “parasocial” go mainstream. But I do think many people’s expectations of celebrities have become unreasonable in the social media age. It used to be much easier for famous figures to maintain a firewall between their public personas and their private lives. Smith turns this idea over and over throughout the book — more than 100 pages later, she writes: “Maybe this isn’t a tell-mine.

☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

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