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NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI stopped wearing my Apple WatchDirecting the blame toward an Apple Watch is unjust. But it was clear that my temperament did not suit the capabilities of a wearable health monitor. I'm more immersed in the natural world and free from wearable technology.
Persons: , I'd, It's, I've Organizations: Service, Apple Watch, Apple, Google
How Can I Update My Millennial Style?
  + stars: | 2024-02-12 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Here’s my problem: I am stuck in a millennial sense of fashion — tight jeans, a looser top, cardigans and ballet flats or riding boots. What’s the easiest way to update my style? Gen Z has been mocking millennial style with so much glee in the last few years that doing so has become its own TikTok trend. But seeing this as a generational issue is, it seems to me, a mistake. In fact, do not think in terms of time periods and their fashion.
Persons: I’m, Jen, Gen Z, X, millennials Organizations: courant Locations: Columbia, Md
They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .
Persons: it’s, could’ve, William Lazonick, , It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, , , Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, , NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America
CNN —Pope Francis has hit back at those criticizing his decision to allow blessings for same-sex couples, saying the critics are guilty of hypocrisy. The heart of the document is welcome.”Last year, the 87-year-old Pontiff authorized priests to offer informal blessings of couples in “irregular” unions in a landmark document issued on December 18, 2023. It is the first time the Vatican has allowed for such blessings, having previously forbidden any such move. The Vatican has insisted that the blessings for same-sex couples are not of the “union” but for the people who request them. Francis’ authorizing of blessings for same-sex couples is part of his broader efforts to shift the church’s tone and approach to LGBTQ+ Catholics, although this has been met with resistance from some sections within Catholicism.
Persons: Pope Francis, Pope, , , Don Vincenzo Vitale, , Francis ’, Francis Organizations: CNN, Credere Locations: Africa, United States, Europe
In a memorable montage from the 1999 workplace satire "Office Space," Peter Gibbons, a fed-up office drone, decides to take a stand. For years, the office cubicle was the four-walled avatar of corporate disaffection. Late '90s films like "Office Space," "Fight Club," and "The Matrix" enshrined its detested status. The tech boom arrived, bringing with it open office plans and a Silicon Valley-led gloss of egalitarianism, epitomized by Google's high-profile headquarters redesign in 2005. The top comment on the "Office Space" cubicle clip on YouTube captures the irony of this shift: "I would have killed for a cubicle," the commenter wrote.
Persons: Peter Gibbons, Google's, weren't, Nikil Saval, Slack, hasn't, Joseph Country, Heather Chapman, Chapman, Sydney Baker, there's, Baker, Thomas Roulet, Roulet, somethings, it's, Kevin Kelley, Shook Kelley, Kelley, cubicles, hewing Organizations: Toyota Corolla, Porsche, Workers, YouTube, Research, Harvard Business School, Environmental Psychology, University of Cambridge Locations: Silicon, Michigan, Louisville , Kentucky, , Charlotte , North Carolina
CNN —Sexually explicit AI-generated photos of pop superstar Taylor Swift have flooded the internet, and we don’t need to calm down. Now, you can digitally undress her or create your own explicit deepfake starring her. Imagine an immersive environment where a scorned ex invites others to collectively view a sexually explicit deepfake video of the girl who rejected him. They never taped a video, but due to advances in deepfake technology, it’s impossible to distinguish whether it’s real or fake. From a policy perspective, a handful of states have laws against the creation or sharing of these types of sexually explicit deepfakes.
Persons: Laurie Segall, Taylor Swift, Laurie Segall Angie Speranza Swift, I’ve, Swift, Mary Anne Franks, we’re, “ We’ve, ” Franks, , Franks, Don’t Organizations: Tech’s Titans, CNN, George Washington University, , Locations: New York, Vermont
CNN —Pope Francis has addressed criticism over his consent to priests to bless same-sex couples, saying the pushback from African bishops was “a special case” influenced by culture. African Catholic bishops said in a letter the pope’s endorsement “caused a shockwave” on the continent and “has sown misconceptions and unrest in the minds of many”, including pastors. Kazakhstani bishops Tomash Peta and Athanasius Schneider jointly described blessings for same-sex unions as a contradiction to the age-long practice and doctrine of the Catholic Church. “To bless couples in an irregular situation and same-sex couples is a serious abuse of the most Holy name of God,” said the preachers who head the Archdiocese of Saint Mary in the country’s capital Astana. French Archbishop Hervé Giraud said last month he could bless a gay couple as he believed such a blessing was not an acceptance of a same-sex union.
Persons: Pope Francis, , Francis, , Cardinal Fridolin Ambongo, Tomash Peta, Athanasius Schneider, of Saint Mary, Hervé Giraud, ” Giraud Organizations: CNN, Italian, Stampa, Catholic Church, of, , Catholic, La Croix Locations: Africa, Madagascar, Uganda, Asia, of Saint, Astana, Europe, France, Austria, Germany, Sens
The new CNN Original Series “The Many Lives of Martha Stewart” premieres Sunday, January 28 at 9pm ET/PT. CNN —It’s rare to meet someone who’s totally indifferent to Martha Stewart. For women who remember the “Martha Stewart Living” media empire at the zenith of its influence — the 1990s — she can inspire a feeling of inadequacy. American media mogul and businesswoman Martha Stewart stands in a kitchen in August 1976. Snoop Dogg and Martha Stewart at a private table in the kitchen of Nice Guy in West Hollywood, Calif., Oct. 25, 2016.
Persons: Sarah Archer, , Martha Stewart ”, who’s, Martha Stewart, Sarah Archer Sarah Archer, she’s, Justin Bieber, Snoop Dogg, Martha, Martha I, steely perfectionism, homekeeping, Julia Child, doughty, “ Martha Stewart, Jadeite, Marc Morrone, Susan Wood, , Anna Wintour, Nice Guy, Kendrick Brinson, Dobbs, they’ve Organizations: New York Times, Vox, Washington Post, Culture, CNN, Comedy Central, Sports Illustrated, Reading, Vogue Locations: Philadelphia , PA, Japan, Las Vegas, Turkey, Nice, West Hollywood, Calif, America, California
and whether she'd return for a new seasonNiecy Nash-Betts in costume as Raineesha Williams from "Reno 911!" David X Prutting/Patrick McMullan via Getty ImagesYou wore a prosthetic butt while playing Raineesha Williams on "Reno 911!" AdvertisementOn kissing Glen Powell in front of his mom for 'Scream Queens,' and the quote from her character Denise that fans still loveNiecy Nash-Betts as Denise on "Scream Queens." Your "Scream Queens" costar Glen Powell is certainly having a moment with his new movie right now. And also from "Scream Queens," I would want to do something with Keke Palmer.
Persons: Raineesha Williams, Simone Clark, Niecy Nash, Betts, Nash, Ryan Murphy, Ava DuVernay, Dahmer, Jeffrey Dahmer, DuVernay, Isabel Wilkerson, Aunjanue Ellis, Marion, Wilkerson's, Wilkerson, , David X Prutting, Patrick McMullan, you've, Raineesha, Kerri Kenney, Silver, we've, Glen Powell, Denise, Brad Falchuk, Glenn, Evan Peters, Glenda Cleveland, Evan, I've, Dominick Nash, Donielle Nash, Jessica Betts, Dia Nash, Araya Doheny, Tiffany Haddish, Keke Palmer Organizations: Reno, Los, AMC, Pride, Getty, Netflix, HBO Locations: Murphy's, Los Angeles, Georgia, Chad, Netflix's, New Orleans
Democratic allies of Mr. Biden have been alarmed by No Labels, worrying that any candidate it runs could siphon votes from him. “People are criticizing them because they believe whomever they offer on their ticket will hurt Joe Biden,” Mr. Phillips said after a town-hall event at a senior center in Nashua, N.H. “That’s false. “It would have to be a Joe Biden-Donald Trump rematch that shows Joe Biden is almost certain to lose,” Mr. Phillips said. Mr. Trump, at his own rally on Saturday night in Manchester, N.H., offered a mocking endorsement of Mr. Phillips. Larry Hogan of Maryland, among others, in an attempt to find a high-profile figure to lead the No Labels presidential ticket.
Persons: Dean Phillips, Nancy Jacobson, Biden, Donald J, Phillips, Mr, Joe Biden, ” Mr, , Donald Trump, Jacobson, Trump, , Joe Manchin III, West, Larry Hogan of, Hogan —, , “ Dean Phillips Organizations: Minnesota, Dean Phillips of, Democrat, Mr, Trump, Democratic, University of New, New, Republican Locations: Dean Phillips of Minnesota, Nashua, N.H, United States, America, New Hampshire, University of New Hampshire, Manchester, South Carolina, West Virginia, Larry Hogan of Maryland
PARIS (AP) — Dior's menswear maestro Kim Jones transformed a sunny afternoon in Paris into a starlit evening of balletic grandeur at Paris Fashion Week, in a display of fashion theatrics. Inspired by the legendary ballet icons Margot Fonteyn and Rudolf Nureyev, Jones delivered an exuberant spectacle at the Ecole Militaire annex on Friday. Amid the haunting melodies of Sergei Prokofiev’s “Romeo and Juliet,” the collection intertwined Dior’s fine tailoring with a joyful explosion of theatrical glamour. JUNYA WATANABE’S THRIFT-SHOP CHICJunya Watanabe unveiled a collection that was a masterful blend of eerie mood-setting and aggressive urban fashion. The clothes featured a mix of traditional tailoring and streetwear elements, a nod to his 2001 debut when he first merged high fashion with everyday wear.
Persons: Kim Jones, Margot Fonteyn, Rudolf Nureyev, Jones, Sergei Prokofiev’s “ Romeo, Juliet, Lewis Hamilton, Bill Nighy, Kate Moss, Nicholas Hoult, Rita Ora, Princess Eugenie, Pharrell Williams, Nureyev, Junya Watanabe Organizations: PARIS, Fashion, Ecole, grays, of Dior Locations: Paris
Opinion | Why Wasn’t DeSantis the Guy?
  + stars: | 2024-01-19 | by ( Katherine Miller | ) www.nytimes.com   time to read: +1 min
The back read “Can’t Miss DeSantis” and featured a cartoon drawing of Mr. DeSantis, flanked by palm trees, playing beer pong. The existence of the T-shirt suggests that it once seemed possible, to someone anyway, to adopt the MAGA intellectual ethos of using the state to rebalance society and smash ideological enemies, and also be relaxed, normal, above it. And that’s where you’d find the theoretical Mr. DeSantis, ironically playing beer pong at a Bucs tailgate after church and a Home Depot run. This is reading a lot into a T-shirt, but ideas and realities about who candidates are, and what voters really want, seem central to understanding the last few years in politics. And even in 2022 that T-shirt stood out for the way its relaxed, fun bro diverged from the harder, more lawyerly governor who promised an updated, aggressive social conservatism that would use most tools of the state to battle academics and bureaucrats.
Persons: Ron DeSantis, , DeSantis ”, DeSantis, bro Organizations: Free Locations: Free State, Florida
South Africa’s genocide case has put the spotlight on a deeper fault line in global geopolitics. Jaafar Ashtiyeh/AFP/Getty ImagesReactions from the Global North to the ICJ case have been mixed. “This war is a war that is not only between Israel and Hamas,” Israeli President Isaac Herzog told MSNBC in December. “It’s a war that is intended – really, truly – to save Western civilization, to save the values of Western civilization.”So far, no Western countries have supported South Africa’s case against Israel. Traditionally, the West has wielded significant influence in international affairs, but South Africa’s move signals a growing assertiveness among Global South nations that threatens the status quo, says Adekoya.
Persons: CNN —, Israel, , Nesrine Malik, ” Israel, Benjamin Netanyahu, , Jaafar Ashtiyeh, Biden, ” Remi Adekoya, Nelson Mandela, Yasser Arafat, ” Hugh Lovatt, Garry Andrew Lotulung, ” Lovatt, Lovatt, Israel –, Tembeka Ngcukaitobi, Alaister Russell, Isaac Herzog, Hage Geingob, Berlin’s, Namibians, ” Adekoya Organizations: CNN, Israel, International Court of Justice, Guardian, Hamas, West Bank, Getty, US, UN, University of York, Palestine Liberation Organization, North Africa, European Council, Foreign Relations, Global, Arab League, ICJ, West, , International, MSNBC, ZDF, Dhaka Tribune, Germany Locations: South Africa, Johannesburg, Israel, The Hague, Gaza, South, Africa, Sudanese, United States, Europe, Ramallah, West, AFP, England, PLO, East, Indonesian, Jakarta, Indonesia, Anadolu, China, Soviet, Ekurhuleni, Germany, German, Germany’s, Namibia, Namibian, Bangladesh, Pakistan
CNN —A SpaceX rocket took off for the International Space Station on another trailblazing mission operated entirely by the private sector. On board is a group of European astronauts, including the first person from Turkey to visit outer space. Thursday’s flight is the first Axiom mission in which a government or space agency has purchased all the seats. Courtesy of Axiom SpaceThe European Space Agency and the Swedish National Space Agency arranged Wandt’s ticket. Axiom is one of several companies that has plans eventually to build its own private space station.
Persons: NASA —, Benji Reed, NASA’s, Walter Villadei, Marcus Wandt, Michael López, , Alegría, Frank De Winne, , Michael Suffredini, Matt Ondler Organizations: CNN, SpaceX, International, NASA, United, International Space, NASA’s Kennedy Space Center, Space Agency’s, Private, European Space Agency, Swedish National Space Agency, Villadei’s, ESA, European Astronaut Centre, ISS, Space, Research Locations: Turkey, United States, Florida, Houston, Cologne, Germany
The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clock tower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).
Persons: Big Ben, Franck Muller, Tom Hill, , Franck Muller Aeternitas, Erol Baliyan, Franck Muller’s, Karl Lagerfeld, “ We’ve, Carlton Dubai Organizations: CNN, CNN —, London Gate, Marina, Research, Benz, London, Ritz, Carlton Locations: CNN — Dubai, New York City, Makkah, Mecca, Saudi Arabia, Dubai, Dubai Marina, East, Africa, Swiss, London, Emirate,
The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clocktower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).
Persons: Big Ben, Franck Muller, Tom Hill, , Franck Muller Aeternitas, Erol Baliyan, Franck Muller’s, Karl Lagerfeld, “ We’ve, Carlton Dubai Organizations: CNN, CNN —, London Gate, Marina, Research, Benz, London, Ritz, Carlton Locations: CNN — Dubai, New York City, Makkah, Mecca, Saudi Arabia, Dubai, Dubai Marina, East, Africa, Swiss, London, Emirate,
One client, a law firm partner, refused to consider Oyesanya's suggestion of alternative investments. AdvertisementBanking to wealthy law firm partners is a desirable niche. Law firm partners averaged $1.12 million in compensation in 2022 according to a survey by recruiter Major, Lindsey & Africa, and top partners in Big Law can make more than $10 million a year. Now global head of JPMorgan's law firm and professional services group, Oyesanya is up against a formidable rival: her former employer. AdvertisementShe plans to strengthen JPMorgan's law firm group with the same ethos: serving customers well to earn their loyalty and their referrals.
Persons: Bola Oyesanya, Oyesanya, Wells, , We're, Major, Jamie Dimon, Bola, Philip Waxelbaum, Waxelbaum, She, I've, what's Organizations: Citi, JPMorgan, Service, Banking, Big, Financial Times, Wells, Lagos Law School, Ogun University, City Trust Merchant Bank, Partners Locations: Nigeria, Wells Fargo, Lindsey, Africa, York
Why America hates its children
  + stars: | 2024-01-07 | by ( Lydia Kiesling | ) www.businessinsider.com   time to read: +17 min
Time and again, I was struck by a public attitude toward children I seldom encountered in America: unequivocal support. In America, we socialize our children to see strangers not as helpers but as threats. Virtually every other industrialized nation provides more government aid for their children than America does. Children who are neglected — a loose term inextricably tied to poverty — are thrown into a foster-care system known for its propensity to harm children. From the tumult of the pandemic, the calls for America to care more for its children are getting louder.
Persons: George Washington, Jesse Zhang, Charlie Shepherd, Shepherd, Richard Nixon, Nixon, Franklin Roosevelt, leery, unironically, Sen, Joe Manchin, Serabi Medina, Serabi, Sandy, , Lydia Kiesling Organizations: United Nations, hasn't, UN, Senate, National Government, Social Security, Jet, Centers for Disease Control, Business, Child Protective Services, Pediatrics, Black Panthers, National Domestic Workers Alliance, State, Mobility, New York Times Magazine, New Yorker Locations: Greece, America, Sweden, Oregon, Idaho, Athens, Chicago, Sandy Hook , Connecticut, Uvalde , Texas, Portland , Oregon, New Mexico
London CNN —Language experts choosing the Oxford word of the year 2023 were dazzled by a bright young thing, selecting a relative newcomer, “rizz,” for the top spot. Derived from the word “charisma,” “rizz” refers to a person’s ability to attract a romantic partner through “style, charm or attractiveness,” dictionary publisher Oxford University Press (OUP) said in its announcement Monday. The word received more than 32,000 votes from the public, OUP added. While word of the year contenders do not need to be new words, they must have a significance to the year in question. In 2022, Oxford’s word of the year was “goblin mode,” a colloquial term for behavior that is unapologetically lazy in a way that rejects social norms.
Persons: , , Rizz ”, Tom Holland, “ Swiftie, Taylor Swift Organizations: London CNN —, Oxford, Oxford University Press, OUP
Both children received help through telehealth therapy, a service that schools around the country are offering in response to soaring mental health struggles among American youth. The growth reflects a booming new business born from America’s youth mental health crisis, which has proven so lucrative that venture capitalists are funding a new crop of school teletherapy companies. For rural schools and lower-income students in particular, it has made therapy easier to access. Schools let students connect with online counselors during the school day or after hours from home. It now employs more than 300 clinicians providing teletherapy in over 150 school districts in 15 states.
Persons: Maria Ishoo’s, Valerie Aguirre’s, , Ishoo, , ” Ishoo, Trish Wilson, that’s, Wilson, Doreen Hogans, Kevin Dahill, Hazel, Josh Golomb, Prince George’s, Golomb, ” Golomb, Ashwin Vasan, ” Vasan, Fern Yoshida, Valerie Aguirre's, Aguirre, teletherapy, ” Aguirre, , Sharon Lurye Organizations: Associated Press, Schools, Hazel Health, Hazel, Los, Clark County, Dade, Press, Carnegie Corporation of New, AP Locations: California, Hawaii, Lancaster , California, Lancaster, Prince George’s County , Maryland, San Francisco, Los Angeles County, Clark, Las Vegas, Miami, Houston, New York City, New York, Maui, Carnegie Corporation of New York
CNN —The news last week of money laundering charges against crypto exchange Binance and its CEO, Changpeng Zhao, sent shockwaves through both financial markets and crypto consumers alike. But for those familiar with the history of modern money laundering, they’re hardly surprising. Over and again, everything from Manhattan high-rises to Malibu beachfronts to Midwest manufacturing plants have allegedly housed illicit wealth, easily and anonymously. But crypto was also, in many ways, the perfect tool for kleptocrats and criminals trying to dodge sanctions and duck investigators. Like banks, real estate and more before it, the best days of the crypto industry as a haven for money laundering may yet be behind it.
Persons: Casey Michel, Changpeng Zhao, Zhao, , Versha Sharma, Hamas’s Al, they’re, , kleptocrats Organizations: CNN, Wall Street Journal, Binance, Hamas’s, ISIS, Patriot Locations: Washington, American, Manhattan, Malibu, Midwest
Mr. Kissinger was not uncomfortable with that dynamic. From the side of the free world, Mr. Kissinger backed genocidal campaigns — by Pakistan against Bengalis and by Indonesia against the East Timorese. The generous defense is that Mr. Kissinger represented an ethos that saw the ends (the defeat of the Soviet Union and revolutionary Communism) as justifying the means. Mr. Kissinger was fixated on credibility, the idea that America must impose a price on those who ignore our demands to shape the decisions of others in the future. Mr. Kissinger lived half of his life after he left government.
Persons: Kissinger, , Salvador Allende, Allende’s, , Kissinger’s, Deng Xiaoping, Henry Kissinger Organizations: East, Soviet Union, Mr, Chinese Communist Party Locations: Vietnam, Cambodia, Laos, United States, Germany, Japan, Pakistan, Indonesia, East Timorese, Chile, Soviet, America, East Pakistan, Bangladesh, Soviet Union, China, Republic of China, Tiananmen, U.S, Taiwan
Just days after Russia’s invasion of Ukraine, Chancellor Olaf Scholz vowed to revitalize a German military that had fallen into disrepair since the end of the Cold War. The centerpiece of that plan was a promise for an injection of 100 billion euros, or nearly $110 billion, and to raise military spending in a shift that amounted to an earthquake for a country that had developed an almost pacifist ethos since its terrible history in World War II. But nearly two years later, experts and military officers say the “Zeitenwende,” or “change of era,” Mr. Scholz promised with such fanfare is barely visible to rank-and-file soldiers who still lack even the most ordinary infrastructure, ammunition and equipment. Much of the money has either not yet materialized or is going to weapons that will not be in the hands of soldiers for years because of procurement delays and the need to ramp up long-dormant production lines.
Persons: Chancellor Olaf Scholz, Mr, Scholz Locations: Ukraine
Julius Baer’s damage control only goes so far
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters Breakingviews) - Julius Baer (BAER.S) has soothed agitated investors’ fears – but only up to a point. The $11 billion Swiss wealth manager said on Monday that 70 million Swiss francs of recently revealed losses stemmed from 606 million Swiss francs of loans to a single corporate client – which Reuters identified as troubled property group Signa. That’s 40% of the bank’s 1.5 billion Swiss francs riskiest credits, an uncomfortably high concentration. That implies a buffer of 450 million Swiss francs over the 14% threshold at which boss Philipp Rickenbacher gets comfortable doing share buybacks.
Persons: Julius Baer, Arnd, , , Philipp Rickenbacher, Julius Baer’s, Lisa Jucca, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Reuters, X, Thomson Locations: Zurich, Switzerland, China
This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.
Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, , Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, , ” Rabin, ” Arafat, , Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah
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