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☆ 3 signs the US economy is nearing a recession have flashed in the last week, SocGen says
▼ + stars: | 2024-06-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe US economy is edging precariously close to a recession, and it's flashed a handful of warning signs in just the last week that suggest a downturn is on the horizon, according to Société Générale. New manufacturing orders contracted in May, and overall manufacturing activity contracted for the 18th time over the last 18 months, according to the Institute for Supply Management. Advertisement"Although many may dismiss the importance of the manufacturing sector for the overall economy, it is undeniable that overall GDP ebbs and flows closely with it. SocGen isn't alone in sounding the alarm, and other economists say that high interest rates are finally working their way through the economy and depressing growth. New York Fed economists see a 52% chance the economy could slip into recession within the next 12 months.

Persons: —, it's, Société, Albert Edwards, " Edwards, Edwards, That's, SocGen isn't Organizations: Service, Business, Fed, Institute for Supply Management, New York Fed

☆ ‘Becoming Karl Lagerfeld:’ A flattering sketch of the controversial designer
▼ + stars: | 2024-06-03 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +7 min

In “Becoming Karl Lagerfeld” he is brooding, combative and ambitious, sure — but we are equally encouraged to root for him. Despite Dietrich’s protestations, the creators of “Becoming Karl Lagerfeld” seem to side with their muse. Parisian fashion in the 1970s was, “Becoming Karl Lagerfeld” suggests, a scene broadly gatekept by a handful of squabbling men. "Becoming Karl Lagerfeld" intends to plunge the viewer into the heart of 1970s Paris, Monaco and Rome, to "follow the formidable blossoming of this complex and iconic personality," say the show notes. “Becoming Karl Lagerfeld” is, stylistically, a luxurious tribute to ‘70s flair: gorgeous to look at and offering an aggressively humanized look at some of fashion’s biggest names.

Persons: CNN —, Karl Lagerfeld, Daniel Brühl, Jacques de Bascher, Théodore Pellerin, “, ”, Kaiser Karl, Bascher, —, Yves Saint Laurent, Arnaud Valois, King, King Louis XIV, Lagerfeld, Caesar Flickerman, Stanley, Chuck Bass, Ed Westwick, Chanel, Jean, Claude Sauer, Gaby Aghion, Agnès Jaoui, Karl Lagerfeld ”, Saint Laurent, fawning, ” Karl Lagerfeld, couturier Pierre Balmain, ullstein, Marlene Dietrich, Sunnyi Melles, Dietrich, –, Charles Frederick, Worth, ” Claire Wilcox, ” Worth, Caroline Dubois, Abigail Joseph, — Louis XIV, Joseph, Pierre Larousse’s, Schiaparelli, de Organizations: CNN, Hulu, Metropolitan Museum of Art, German, London’s, Albert Museum, ”, Jour, Disney, Peterborough Express ”, Leitrim Advertiser, Dior, Balmain, Givenchy Locations: France, Chloé, Paris, Monaco, Rome, Worth, Peterborough

☆ The incredible oblivion of Judge Marvin Isgur
▼ + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +45 min

On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."

Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, —, — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing

☆ 6 LGBTQ+ royals you probably didn't know about
▼ + stars: | 2024-06-03 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Princess Isabella of Parma exchanged hundreds of letters with her sister-in-law that implied the pair's relationship was more than friendly. A portrait of Princess Isabella of Parma. The pair exchanged letters "constantly" back and forth over the years, according to Making Queer History, and many of them are believed to be queer-coded or romantically affectionate in nature. "I cannot tolerate this uncertainty, I can think of nothing but that I am madly in love," Princess Isabella reportedly wrote in one letter. After two miscarriages, Princess Isabella was pregnant for a fourth time when she died from smallpox at the age of 21 in 1763.

Persons: Princess Isabella of Parma, Isabella of Parma, Archduke Joseph of Austria, Archduchess Maria Christina, Princess Isabella, Maria's, Prince Albert

☆ Pfizer CEO: Cancer drugs will be our next big contribution to the world
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPfizer CEO: Cancer drugs will be our next big contribution to the worldPfizer CEO Albert Bourla joins 'Squawk on the Street' to discuss the company's recent lung cancer drug data, how the drug could change the company's revenues, and more.

Persons: Albert Bourla Organizations: Pfizer, Cancer

☆ Letter from Franz Kafka complaining of writer’s block up for auction
▼ + stars: | 2024-06-03 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

London CNN —A letter giving a rare insight into Franz Kafka’s struggle with writer’s block is going up for auction. This means it would have been written while Kafka was undergoing treatment for tuberculosis, with which he was diagnosed three years earlier. Ehrenstein made the request after seeing a newly published work by Kafka – probably the 1919 short story collection “Ein Landarzt” (“A Country Doctor”). We can also all be thankful that Kafka would continue to pick up his pen despite his crippling writer’s block,” he added. At the time the letter was written, Kafka had also begun an intense love affair with Czech journalist and writer Milena Jesenská.

Persons: Franz Kafka’s, Franz Kafka, Kafka, Sotheby's, what’s, ” Kafka, Albert Ehrenstein, “, Sotheby’s, Ehrenstein, Kafka –, Landarzt, Gabriel Heaton, Milena Jesenská, – Organizations: London CNN, Pictorial Press Locations: Prague, Bohemia, Sotheby’s, London, Vienna, Austrian, Czech, ”, Germany, Austria

☆ 80 years after D-Day, a dedicated team works to bring missing airmen home
▼ + stars: | 2024-06-02 | by ( Jaide Timm-Garcia | Isabel Rosales | ) edition.cnn.com time to read: +14 min

A crash site rediscoveredIn 2016, the agency received a tip the crash site had been rediscovered on farmland in Normandy. D-Day was 80 years ago and the remains of missing service members continue to be uncovered. The results are then compared to a DNA sample from the missing service member’s medical file. In 2009, Stouffer heard about other missing service members being accounted for and reached out to the agency to offer his DNA samples for analysis. Defense Visual Information Distribution ServicePhotos of the three missing airmen were stationed at the dig site, providing what the team calls intrinsic motivation along their search.

Persons: Jake Tapper, “, William Donohue, David Madson, Albert Brooks, SSgt David Madson, Eric Klinek, Franklin D, Roosevelt, Klinek, ”, Donohue, Madson, Brooks, Major McKinley McCanless, Samuel Williams Jr, ” Capt, Brian Foxworth, ” Foxworth, ” Crews, Foxworth, Sergeant Raul Castillo, Castillo, Carrie Brown, you’re, ” Brown, Brown, “ You’ve, Paul Stouffer, William McGowan, McGowan, Stouffer, ” Stouffer Organizations: CNN, Chief Washington, Democracy, Airborne, Defense POW, Agency, Department of Defense, 304th Troop Carrier Squadron, 442nd Troop Carrier Group, 50th Troop Carrier, Waco Army Airfield, Army Air Forces, Allied Forces, 101st, Information Distribution Service Paratroopers, DC, Utah, United Kingdom . Defense, Information, Offutt Air Force Base, Armed Forces Medical, Dover Air Force Base, Registration, United States Military, Air Force Locations: Normandy, France, Europe, German, Nazi Germany, England, United Kingdom, Nebraska, Delaware, U.S

☆ Why we need to know what time it is on the moon
▼ + stars: | 2024-06-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —It’s easy to take the moon for granted as a silvery orb in the night sky, providing a soft light on most evenings. The new system of measurement that NASA and its international partners need to agree on will have to account for the fact that seconds tick by faster on the moon. But it will be crucial for astronauts living in lunar habitats and scooting around in moon buggies who need to know exactly what time it is. We are familyA digital reconstruction of a Bronze Age woman's face is on display at Scotland's Perth Museum and Art Gallery. And now, researchers know what creates their unusual fur pattern: a mutation affecting a gene called KIT, which controls hair color.

Persons: CNN —, Albert Einstein’s, Butch Wilmore, Suni Williams, Joe Skipper, Chris Rynn, Julius Caesar, Gaul, Ari Kankainen, NASA’s Lucy, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, Boeing, Veteran NASA, Perth Museum, Art, Culture, Kinross, CNN Space, Science Locations: North America, Europe, Southern Hemisphere, Culture Perth, Scotland, Indre, France, Finnish, Petäjävesi, Italy

☆ A 32-year market vet shares 2 charts showing stocks could be entering a major market peak — and warns a coming recession will send the S&P 500 plummeting more than 60%
▼ + stars: | 2024-06-01 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

It's been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October. While earnings were just fine in the first quarter, if they start to decline alongside a slowing economy, stocks will go with them. He sees the S&P 500 declining by more than 50% when all is said and done. The current inversion of 580 days implies a drop of around 65% for the S&P 500. Those fears have since dissipated, and the S&P 500 has rallied 47% since October 2022.

Persons: It's, Jon Wolfenbarger, Merrill Lynch, BullAndBearProfits.com Wolfenbarger, Wolfenbarger, Bullandbearprofits.com Wolfenbarger, Jeremy Grantham, Marko Kolanovic, Albert Edwards Organizations: Service, JPMorgan, Fed, OVOM

☆ NASA isn’t just creating a lunar time zone. It’s establishing an entirely new time scale
▼ + stars: | 2024-05-30 | by ( Jackie Wattles | ) edition.cnn.com time to read: +15 min

They’re also going to be communicating with one another or driving their moon buggies while on the lunar surface. Lunar clockworkWhat scientists know for certain is that they need to get precision timekeeping instruments to the moon. Exactly who pays for lunar clocks, which type of clocks will go, and where they’ll be positioned are all questions that remain up in the air, Gramling said. Focke Strangmann/APThe new time scale would underpin an entire lunar network, which NASA and its allies have dubbed LunaNet. But how future astronauts living and working on the lunar surface will experience time is a different question entirely.

Persons: aren’t, Cheryl Gramling, NASA’s, Gramling, Omer Tarsuslu, They’re, ” Gramling, Albert Einstein, Paco, Sao, Sundials, —, ”, Bruce Betts, Kevin Coggins, you’ve, ” Coggins, “, Bijunath, Patla, ” Patla, Focke Strangmann, It’s, “ It’s, Betts, Artemis III, Arizona State University “ It’ll Organizations: CNN, NASA, NASA’s Goddard Space Flight, Getty, White, Astronauts, Planetary Society, NASA’s Space Communications, Navigation, US National Institute of Standards, Technology, Vehicles, Physical, National, European Space Agency, International Astronomical Union, Reconnaissance, Arizona State University Locations: United States, China, Maryland, Kars, Turkey, Anadolu, German, Sao Miguel, Evora , Portugal, Germany, Malapert Massif

☆ The World Needs an Action Hero. Enter Twyla Tharp (and Camus).
▼ + stars: | 2024-05-30 | by ( Gia Kourlas | ) www.nytimes.com time to read: +1 min

Last year, Twyla Tharp immersed herself in the work of the French writer and philosopher Albert Camus, namely “The Plague.” World events were on her mind, and his 1947 novel about a pandemic in Algeria struck a chord. In her new full-length work, an outdoor dance-and-musical hybrid, “How Long Blues,” named after a Leroy Carr song, Tharp finds inspiration in that writing and also in American jazz. It reminds Tharp a little of performing at the Delacorte Theater in Central Park in 1971, when she presented the premiere of “Eight Jelly Rolls.” A couple of performances “had puddles onstage,” she said. But the Little Island stage, while also outdoors, is not that. Tharp, who directed, choreographed and conceived “How Long Blues,” which runs June 1 through 23, regards the proscenium as a wonderful thing.

Persons: Twyla Tharp, Albert Camus, ”, Leroy Carr, Tharp, Bone Burnett, David Mansfield, “, “ They’ve Locations: Algeria, Little, Manhattan, Hudson, Central Park, New York

☆ Albert S. Ruddy, 94, Dies; Producer Won an Oscar for ‘The Godfather’
▼ + stars: | 2024-05-30 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Albert S. Ruddy, who found early success in television as a creator of “Hogan’s Heroes,” the situation comedy about Allied prisoners outwitting their bumbling Nazi captors in a P.O.W. camp, and then became a movie producer who won Oscars for “The Godfather” and “Million Dollar Baby,” died on Saturday in Los Angeles. His death, in a hospital, was confirmed by his wife, Wanda McDaniel, and his daughter, Alexandra Ruddy. Mr. Ruddy was a gravelly-voiced former systems programmer and shoe salesman who, by the time Paramount Pictures was preparing to film “The Godfather,” had become known for the unlikely success of “Hogan’s Heroes” and for producing a couple of movies that had come in under budget. “Ruddy had always been able to talk his way through obstacles.”

Persons: Albert S, Ruddy, “, ”, Wanda McDaniel, Alexandra Ruddy, Mr, “ Ruddy, ” Nicholas Pileggi, Mario Organizations: Nazi, Paramount Pictures, The New York Times Magazine Locations: Los Angeles

☆ A top secret meeting is kicking off in Madrid with the CEOs of Google DeepMind, Anthropic and Microsoft AI in attendance
▼ + stars: | 2024-05-30 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. The CEOs of artificial intelligence heavyweights Google DeepMind, Microsoft AI, Anthropic and Mistral AI are among the elite list of business and political leaders attending a secretive meeting kicking off in Madrid, Spain, on Thursday. AI will once again dominate discussions at the annual Bilderberg Meeting after catapulting onto the agenda last year following the meteoric rise of the burgeoning technology. U.S. Deputy Treasury Secretary Wally Adeyemo, Ukrainian Foreign Minister Dmytro Kuleba and NATO Secretary General Jens Stoltenberg are also among the political figures who will attend for geopolitical discussions including on China and Russia. According to its organizers, the closed nature of the event aims to foster "informal discussions about major issues."

Persons: Demis Hassabis, Jane Fraser, Eric Schmidt, Albert Bourla, Wael Sawan, Peter Thiel, Wally Adeyemo, Dmytro Kuleba, Jens Stoltenberg Organizations: Google, Mobile World Congress, MWC, Microsoft, Mistral, Citigroup, Pfizer, NATO, Chatham House, Economic Locations: Barcelona, Madrid, Spain, Ukrainian, China, Russia, Spanish, Chatham, Davos, Switzerland

☆ Placebos can improve mental health symptoms, study finds
▼ + stars: | 2024-05-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —When you’re trying to address mental health symptoms, simply the belief that you can be helped may be an important factor. Symptoms of nine mental health disorders substantially improved under placebo treatment, according to a new review of 90 randomized controlled trials — known as a meta-analysis — totaling 9,985 adult participants largely in their 30s and 40s. “This is the most comprehensive study of placebo effects in psychiatry.”The results are also important for patient treatment, Bschor said. But for disorders that didn’t see as much improvement with placebos — such as OCD or schizophrenia, which is a psychotic disorder — medication may be more necessary. Improvement in absence of medicationThat mental health symptoms improved with placebo treatment may be due to a few potential influences, experts said.

Persons: Tom Bschor, Jonathan Alpert, Dorothy, Marty Silverman, Alpert, wasn’t, Bschor, ” Bschor, ”, Richard Keefe, Keefe, Felipe Barreto Schuch, ” Schuch wasn’t, “, ” Alpert, you’ve Organizations: CNN, Psychiatry, University Hospital Dresden, Albert Einstein College of Medicine, Duke University Medical Center, Brazil’s Federal University of Santa Locations: Germany, New York City, North Carolina, Brazil’s Federal University of Santa Maria

☆ ‘My eyes have been opened:’ Inside Elton John’s personal photography collection
▼ + stars: | 2024-05-29 | by ( Victoria Woodcock | ) edition.cnn.com time to read: +9 min

CNN —“Fragile Beauty” is an exhibition of extremes. The new show of “Photographs from the Sir Elton John and David Furnish Collection” at London’s Victoria & Albert museum (V&A) is at turns glitzy and gritty; joyfully pop and heart-wrenchingly poignant. “‘Fragile Beauty’ was chosen by Elton. Photography as a visual journalOne section, too, is titled “Fragile Beauty”, featuring work by Mapplethorpe, Hujar and McGinley. Elton even features in some of his own collection, as shown in David LaChapelle's "Elton John, Egg On His Face," 1999.

Persons: Sir Elton John, David, Marilyn Monroe, Nan Goldin, ”, Duncan Forbes, “, ’, Elton, Tristram Hunt, London’s, Tyler Mitchell's, Tyler Mitchell, Richard Avedon, Mitchell, John, Egglestons —, Newell Harbin, Hujars, ’ Elton John “, Forbes, Tom Bianchi's, Tom Bianchi, Fahey Klein, “ They’re, It’s, “ We’re, Ronald Fisher —, Newell, Robert Mapplethorpe, Mapplethorpe, Elton John, Sunil Gupta’s, Christopher Street ”, George Platt Lynes, Zanele Muholi, Peter Hujar's, Darling, Hujar, Mel Roberts, Gilbert, George’s, Ryan McGinley’s, Don Herron’s, Keith Haring, Peter Hujar, McGinley, Mary Ellen Mark, John’s, David Fahey, David LaChapelle's, Egg, David LaChapelle “, Fahey, Irving Penn, Herb Ritts, Horst P, Horst, Robert Mapplethorpe's, Roy DeCarava, Julio Cortez’s, George Floyd, Hunt Organizations: CNN, Albert, London’s Tate, Vogue, Atlanta, Los Angeles, Elton John Aids Foundation, ”, Rights Society New, Associated Press Locations: British, Atlanta, London, Los Angeles, “, Harbin, New York, American, Rights Society New York, Seattle, France, Britain, Minneapolis

☆ Ancient Skull With Brain Cancer Preserves Clues to Egyptian Medicine
▼ + stars: | 2024-05-29 | by ( Jordan Pearson | ) www.nytimes.com time to read: +1 min

Fluctuating disease rates, innovative treatments and talk of “moonshots” in the White House may make cancer seem like a modern scourge. But a new discovery highlights how humans dealt with the illness and hunted for cures as far back as the time of the ancient Egyptians. Scientists led by Edgard Camarós, a paleopathologist at the University of Santiago de Compostela in Spain were studying an approximately 4,600-year-old Egyptian skull when they found signs of brain cancer and its treatment. This discovery, reported in a study published Wednesday in the journal Frontiers in Medicine, suggests that ancient Egyptians studied brain cancer using surgery. If the cuts were made while the person was alive, they may have even attempted to treat it.

Persons: Edgard Camarós, ”, Camarós, Tatiana Tondini, Albert Isidro Organizations: University of Santiago, University of Tübingen, University Hospital Sagrat Locations: University of Santiago de Compostela, Spain, Germany, Medicine

☆ Bill Walton, basketball Hall of Famer and colorful commentator, dies of cancer at 71
▼ + stars: | 2024-05-27 | by ( Kevin Dotson | Eric Levenson | ) edition.cnn.com time to read: +5 min

CNN —Bill Walton, the basketball Hall of Fame center who won two national titles at UCLA, two NBA championships in Portland and Boston and later put the “color” in color commentator, died Monday following a prolonged battle with cancer, the National Basketball Association announced. “Bill Walton was truly one of a kind,” NBA Commissioner Adam Silver said in a statement. He was named the NBA Finals Most Valuable Player in that playoffs, and the next season he was named the NBA’s regular season MVP. Boston Celtics Bill Walton battles Los Angeles Lakers Kareem Abdul-Jabbar during the 1985 NBA Finals. I am the luckiest guy on earth.”NBC basketball announcers Bill Walton and Marv Albert pose before the start of Game 4 of the NBA Finals in East Rutherford, New Jersey, on June 12, 2002.

Persons: Bill Walton, Walton, “ Bill Walton, Adam Silver, “ Bill, John Wooden, Wooden, Robert Parish, Kevin McHale, Boston Celtics Bill Walton, Los Angeles Lakers Kareem Abdul, Jabbar, Bob Riha, It’s, ”, I’ve, I’d, Marv Albert, Mike Blake, Jay Blakesberg, Bill Walton’s, ” Mick Cronin, it’s Organizations: CNN, of Fame, UCLA, NBA, National Basketball Association, Fame, Bruins, Portland Trail Blazers, San Diego, Los Angeles Clippers, Boston Celtics, Houston Rockets, Los Angeles Lakers, Naismith, Basketball Hall of Fame, NCAA, ESPN, NBC Locations: Portland, Boston, Vietnam, East Rutherford , New Jersey, Santa Clara , California

☆ How the super rich party at the Monaco Grand Prix
▼ + stars: | 2024-05-24 | by ( Susan Griffin | ) edition.cnn.com time to read: +8 min

British driver Lewis Hamilton of Mercedes looks walks the drivers parade before the Formula 1 Grand Prix at the Circuit de Monaco on May 28, 2023. Here, designer stores, supercars, multi-million-dollar yachts and astronomically priced restaurants are ‘la norme’, but during the three-day Grand Prix, the eye-watering ostentation increases three-fold. Amber Lounge might be one of the most exclusive and expensive events taking place during the Monaco Grand Prix weekend, but Monte Carlo itself is a veritable party hub. “As a former resident, I can tell you there are two sides to the F1 Grand Prix arriving in Monaco. Fans watch the action during qualifying at the F1 Monaco Grand Prix.

Persons: ”, Tom Holland, Lewis Hamilton, Mercedes, Dan Mullan, revel, Cipriani, Sass Café, Max Verstappen, Justin Bieber, Kim Kardashian, Kylie Minogue, Prince Albert of Monaco, Eddie Irvine’s, Sonia, Amber, Lauren Green, Joash Lee, partygoers, Jax Jones, Monte, Bruce Bundrant, ” Bundrant, Ryan Pierse, Green, “ Organizations: CNN, Monaco, Prix, Circuit, Getty, Business Development, AS Monaco FC, “ Locations: Monte Carlo, British, Fairmont, Hôtel Hermitage, Hôtel, Paris, Le Meridien, Monaco, Singapore, Las Vegas, Abu Dhabi

☆ The B-52 shot down Vietnamese fighter jets in historic dogfights. Here's how the US Air Force plans to keep its oldest bomber in the skies for over a century.
▼ + stars: | 2024-05-23 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +5 min

AdvertisementA North Vietnamese student pilot in the cockpit of a non-flying MiG-21 fighter jet trainer with a flight instructor. Only one other B-52 tail gunner had scored a successful kill against a Vietnamese fighter, though more than 30 B-52s had been shot down throughout the conflict. In fact, the first time a B-52 had ever shot down a MiG had only happened a few days prior. A US Air Force B52 bomber unleashes its bomb load over Vietnam. The kill was confirmed by another tail gunner named Tech.

Persons: —, Diamond Lil, Albert Moore, Moore, Clarence Chute, Chute, Read, Bill McRaven's Organizations: Service, Boeing, Business, Getty, MiG, US Air Force, Air Force, republication, Sandboxx News, Navy SEAL Locations: Vietnam, United States, Vietnamese, Thai, Soviet, Iraq, Afghanistan

☆ Pfizer aims to save $1.5 billion by 2027 in first wave of new cost cuts
▼ + stars: | 2024-05-22 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

The announcement is in addition to another $4 billion cost-cutting effort, which Pfizer announced last year as demand for its Covid vaccine and oral drug Paxlovid slumped. One-time costs related to the initial stage of cuts are expected to be about $1.7 billion, including severance for an unspecified number of laid-off employees. Pfizer also expects the program to involve "product portfolio enhancements" and changes to the company's manufacturing and supply network, a spokesperson told CNBC. "The program will focus on streamlining our ways of working, reducing complexity and increasing productivity in Pfizer Global Supply," the spokesperson said in a statement. Pfizer is trying to shore up investor sentiment after its shares fell nearly 50% in 2023, making it the worst-performing pharmaceutical stock last year.

Persons: Paxlovid, Wall, Albert Bourla Organizations: Pfizer, CNBC, Pfizer Global Supply Locations: New York City

☆ A 'cosmic glitch' in the universe is forcing astronomers to rethink Einstein's theory of relativity
▼ + stars: | 2024-05-20 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +8 min

Einstein's general theory of relativity states that the curvature of space-time causes gravity. But zoom out to enormous scales like clusters of galaxies spanning billions of light years across, and the laws of Einstein's gravity theory appear to change. A 1% adjustment may not sound like a big deal, but it's enough to suggest that Einstein's theory may need a rethink. Now, with this cosmic glitch, there's a new explanation on the table. NASA/CXC/Univ of Missouri/M.Brodwin et al; NASA/STScI; JPL/CalTechThe fact that this cosmic glitch could potentially help astronomers resolve the Hubble tension is a good sign that it may truly exist.

Persons: —, Albert Einstein's, Robin Wen, Wen, It's, shouldn't, Niayesh Afshordi, there's, Valerio Faraoni, Faraoni, Claire Lamman, DESI Organizations: Service, Business, Waterloo, University of Waterloo, University of British, ESA, Big Bang, NASA, of Missouri, JPL, CalTech, Bishop's University Locations: University of British Columbia

☆ A renowned market bear who called the dot-com bubble warns Wall Street groupthink is wrongly leading investors to abandon recession forecasts — and says a 'policy disaster' is brewing as the Fed keeps
▼ + stars: | 2024-05-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Various labor market indicators are also showing growing weakness in the economy, he said. Societe GeneraleNational Federation of Independent Business data shows further labor market weakness is likely to come, as small business hiring plans continue to fall. Both stats would suggest a rising unemployment rate going forward. In the meantime, the labor market has consistently proven resilient despite high interest rates, and stocks have enjoyed an eye-popping rally to new highs. Some also argue that labor market data points like the rising unemployment rate have to be shown with context.

Persons: —, Albert Edwards, didn't, Edwards, aren't, we'll, Societe Generale Edwards, Bob Elliott, groupthink Edwards, Alan Greenspan Organizations: Service, Societe Generale, Wall, Business, Societe Generale National Federation of Independent Business, ING, Generale, Unlimited Partners, Bridgewater Associates, of Labor Statistics, Tech

☆ Hole-in-the-wall stand selling $5 tacos wins Michelin star in first Mexican edition of the prestigious guide
▼ + stars: | 2024-05-18 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewA small taco stand in Mexico City has been awarded a much coveted Michelin star as part of the guide's first Mexican edition. GUSTAVO GRAF/ ReutersIn an online statement, the Michelin Guide celebrated its first Mexican edition: "What a joy it is to honor the uniqueness of the Mexican gastronomic landscape in Mexico City." Tire-manufacturing brothers André and Édouard Michelin released the first Michelin Guide in 1900 in an attempt to encourage motorists to try out restaurants around France. Another surprise Michelin award came in April when Disney World's Victoria & Albert's restaurant — which it calls its "culinary crown jewel" — earned a coveted star. In its review of the restaurant, the Michelin Guide said: "This restaurant is by no means an easy reservation, but the reward is a kind of magic rarely seen these days."

Persons: —, León, Rodolfo Gaona, El, GUSTAVO GRAF, Arturo Rivera Martínez, — Rivera Martínez, Hawker Chan, Chan, Mario Hernandez Alonso, Édouard Michelin Organizations: Service, Michelin, Business, Reuters, Associated Press, Chinatown Food, Media, Tire, Disney World's Locations: Mexico City, Mexican, San Rafael, Mexico, Chinatown, Malaysian, France

☆ Study proves black holes have a ‘plunging region,’ just as Einstein predicted
▼ + stars: | 2024-05-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Using telescopes capable of detecting X-rays, a team of astronomers has for the first time observed this area — called the “plunging region” — in a black hole about 10,000 light-years from Earth. The study’s findings could help astronomers better understand the formation and evolution of black holes. One thing that’s missing from the study is an actual image of the black hole, because it is too small and far away. But another team of Oxford researchers is working on something even better than a picture: the first movie of a black hole. “For example, it can be used to measure the rotation rate of the black hole,” said Reynolds, who was not involved in the study.

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