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Diplomats and officials who spoke with CNN said Rutte is seen as a staunch trans-Atlanticist and a consensus builder. “He is really a seasoned political official, and this is essential to keep the cohesion of the alliance,” a European official said. “It was just a very polite, slightly humorous way of dealing Trump, and Trump appreciated it,” Hoekstra recalled to CNN. “We are not there yet, but it is better than when Trump left,” the official told CNN. Biden likes Rutte personally, they get along well, and the US president sees them as sharing the same values, the official told CNN.
Persons: Donald Trump, Trump, Mark Rutte, Jens Stoltenberg, Rutte, , “ Trump, Pete Hoekstra, ” Hoekstra, ‘ Touche, ’ ”, , ” Rutte, Stoltenberg, Joe Biden, Biden, “ Rutte, Putin Organizations: CNN, NATO, Dutch, Diplomats, Trump, Kyiv – Locations: Washington, NATO, Russia, Netherlands, European, Europe, Ukraine, China, US,
Giuliani’s bankruptcy attorneys and his spokesman didn’t provide additional comment to CNN for this story. They want the bankruptcy judge on Wednesday to throw him out of bankruptcy court. For instance, in recent weeks, according to his financial records available in court, Giuliani made 40 purchases from Amazon totaling nearly $3,500. “Unfortunately, in this case, good news always seems to be accompanied with bad,” lawyers for his creditors wrote to the bankruptcy judge last month. “We saw the same thing and have requested information, and a cup of coffee,” Giuliani’s own bankruptcy lawyers told the creditors.
Persons: Rudy Giuliani, Giuliani, He’s, they’ve, Donald Trump’s, , Daniel Gielchinsky, it’s, Ruby Freeman, Shaye Moss, , Akin Gump, Giuliani’s, Maria Ryan, didn’t, John Eastman, Jim Bourg, Reuters Freeman, Moss, ” Moss, “ He’s, ” Gielchinsky, Igor Lopatonok, Sean Stone, Chanel Rion, Simona Papadopoulos, Rudy ”, Rudy, , CNN’s Sabrina Shulman Organizations: CNN, New, ” Lawyers, Giuliani Communications LLC, Trump, Reuters, Amazon, Giuliani Communications, RT America, One America News Network, Burke Brands Locations: New York, Atlanta, Georgia, Arizona, Palm Beach , Florida, Florida, Beach, Russian, Giuliani
Under the long-standing law, companies can face ruinous penalties for price discrimination only if they're discriminating against other businesses. Tyler Le/BII say low-grade shock because at the time personalized pricing discrimination was far less widespread and harmful than it is today. And many of those that don't disclose using personalized pricing still do it. AI pricing also means that those who are the most desperate and most vulnerable will often pay the most. So much of AI pricing acts as a regressive tax, charging those with the most the least.
Persons: I'm, I'd, Robinson, Tyler Le, Price, Uber, might've, it's, you've, Tinder, Nikolas Guggenberger, Guggenberger Organizations: American Prospect, Walmart, Smart, Mozilla, Consumers International, University of Houston Law Center, Zephyr Locations: London, United States
On the first sweltering Sunday of the summer, East 14th Street erupted. An aborted drug deal turned into a brawl with a glass lamp used as a weapon. An assailant in a homemade superhero cape pulled out a knife and started slashing. To the Trader Joe’s shoppers who dropped their groceries and fled in horror, the violence that unfolded along a busy commercial strip in the East Village on June 23 was as surreal and random as it was terrifying. But East 14th Street also embodies New York City’s struggles with a web of interconnected ills that have defied attempts to rein them in and have flared since the pandemic in parts of Manhattan: homelessness and mental illness, addiction and rampant shoplifting and seesaw battles for control of public space.
Persons: City’s Locations: New, Manhattan
However, central bank officials still want to see more progress before cutting interest rates, he noted. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” he added. Fed officials expect to cut interest rates just once this year, according to their latest economic projections in June, compared to the three cuts they forecast in March. The annual PCE inflation rate registered at 2.6% in June, down slightly from 2.7% in May. Fed officials and most economists don’t see a recession this year.
Persons: Jerome Powell, ” Powell, Powell, Inflation, John Williams, ” Seema Shah Organizations: Washington CNN, Inflation, Committee, Financial, ” New York Fed, Congress, Fed, Asset Management Locations: India, United States
While a surge in support for the left-wing New Popular Front (NFP) coalition foiled Marine Le Pen’s far-right National Rally (RN) party, French politics is now more disordered than it was before the vote. The NFP won 182 seats in the National Assembly, making it the largest group in the 577-seat parliament. And the RN and its allies, despite leading the first round, won 143 seats. Does that mean the NFP “won” the election? Now, it is the largest bloc in the French parliament and could provide France with its next prime minister.
Persons: Emmanuel Macron, Le, , NFP “, Jordan Bardella, Le Pen, , ” Bardella, Kevin Coombs, Macron, Publique, – Jean, Luc Mélenchon, Raphael Glucksmann, Emmanuel Dunand, Éduoard Philippe, France’s, Brigitte Macron, Mohammed Badra, Gabriel Attal’s, France Unbowed, Mario Draghi, Benito Mussolini Organizations: CNN, Front, NFP, National Assembly, Ensemble, , Reuters, Socialists, Getty Locations: Vichy, France, Paris, AFP, Le Touquet, , Italy
Spending on travel, shopping, means 'losing money every single month'Going through their finances, Sethi found the couple has done relatively well at keeping their fixed costs in check. But a look at their discretionary spending showed that Maddie has good reason to feel anxious about their finances. "It's this compulsion to be at everything and live such a social life [that] just drains us," Paul adds. Having a big wedding for themselves is important to Maddie and Paul, as is their financial security, they reply. The idea of "keeping up with the Joneses" and lifestyle creep are common pitfalls because humans are social animals, Sethi says.
Persons: Sethi, Paul isn't, Maddie, They've, they're, Paul, It's
These private quasi-governments are called homeowner associations, or HOAs. While California has the most HOAs of any state (50,000), Florida has far more HOA residents as a percentage of its population. The association also provided its residents with "the usual privileges of a citizen in any free state," Tullock wrote. Readers will not be shocked to learn that Clarke and Freedman also found that HOA residents were more likely to be white or Asian than non-HOA residents. (Cashin observed that several states, including New Jersey and Texas, had laws allowing HOA residents to subtract the cost of privately provided infrastructure from their taxes.)
Persons: Norman Rockwell, Ron DeSantis, HOA, Quinn Slobodian, HOAs —, Gordon Tullock, Tullock, it's, Jim Crow, Wyatt Clarke, Matthew Freedman, Clarke, Freedman, Robert Reich, Sheryll Cashin, Cashin, HOAs Organizations: Gov, Guardian, HOAs, George Mason University, HOA Locations: An, HOA, Florida, While California, Rossmoor , California, America, Pima County, New Jersey, Texas, That's
Suddenly, the red-hot labor market is feeling closer to lukewarm for job seekers. The unemployment rate rose to a three-year high of 4.1% in June, with 6.8 million people unemployed. At that time a year ago, the unemployment rate was at 3.6% and 6 million people were unemployed. The rising unemployment rate — driven primarily by more people entering the workforce — means that it’s getting more competitive for job hunters to get hired. Since 2022, the temporary help sector has added jobs in only four months.
Persons: It’s, Luke Pardue, switchers, David Tinsley, Jack McIntyre Organizations: CNN, Aspen, Bank of America, Bank of America Institute, , of Labor Statistics, Labor Department, Brandywine Global
Le Pen: Mbappé not representativeLe Pen directed most of her ire closer to home. “I’m not contesting the existence of these comments,” Le Pen said, referring to the accusations levelled against her candidates. Top of the list of sensitivities is likely to be foreign policy, where Le Pen and Macron rarely see eye to eye. Many held similar suspicions ahead of the election of hard-right culture warrior Italian Prime Minister Giorgia Meloni in 2022. “It’s a form of interference, and in that sense, I find it unacceptable,” Le Pen said of the post.
Persons: Emmanuel Macron’s, Emmanuel Macron, , CNN’s Christiane Amanpour, Kylian Mbappé, Le Pen, Macron, Le, Jordan Bardella, CAESAR, Roman Pilpey, Pen, Mbappé, , ” Mbappé, “ It’s, Kylian, Franck Fife, ” Le Pen, Bardella, CNN Le, Florent de Kersauson, Daniel Grenon, Grenon, “ I’m, “ That’s, Francois Lo Presti, Vladimir Putin, She’s, Putin, Giorgia Meloni, she’s Organizations: Paris CNN —, CNN, Macron, soccer side’s, Ukraine, National Rally, National Assembly, National, 55th Artillery Brigade, Getty, CNN Le Pen’s, BFMTV, Kyiv, Locations: Ukraine, Russia, France’s, Donetsk, AFP, Washington, Kyiv, France, Paris, Hamburg, Germany, Algeria, Cameroon, United States, Brittany, , , Henin, Beaumont, Brussels, Crimea, 2014, Russian, Italian, There’s, Moscow
“What worries policymakers is the interest rate risk, which will rise once the dominant narrative shifts from deflation to reflation,” Hu from Macquarie said. If that happens, bond yields will rise as investors switch back into riskier stocks. The country’s “4,000 or so small and medium-sized banks” will be particularly vulnerable to the interest rate risk, he added. “The bubble formed by the rush of funds into the bond market is accumulating interest rate risks,” the Securities Times said in an editorial. Economic risksThe rapid decline in Chinese bond yields also poses significant risks to the economy.
Persons: , , Pan Gongsheng, SVB, Larry Hu, ” Hu, Macquarie, Hu, Zhang Jiqiang, Ken Cheung Organizations: Hong Kong CNN, Silicon Valley Bank, People’s Bank of China, prudential, , Federal Reserve, Macquarie Group, Zheshang Securities, Securities Times, Japan’s Norinchukin Bank, Huatai Securities, Mizuho Securities Locations: Hong Kong, Silicon, United States, Shanghai, China, Beijing, SVB, outflows
Russia's government has spent around half a trillion rubles since 2020 to fund a program offering mortgages at rates as low as 8%. But that program has ushered a wave of Russians into the nation's real estate market, which has sent property prices soaring. Residential property prices in Russia rose to a fresh record in 2023, according to data from the Bank for International Settlements. AdvertisementRising property prices are largely attributed to increased housing demand over the past few years. The Bank of Russia also reported "signs of overheating" in the mortgage lending market late last year.
Persons: , Russia's, Elvira Nabiullina, Aleksei Kiselev, Kiselev Organizations: Service, Bloomberg, Business, Bank for International, Urban Economics, Bank of Russia, Bank of, Florence School of Banking, Finance, Inflation, Carnegie Endowment, Bank of Russia's Locations: shuttering, Russia, Russian, Bank of Russia
CNN —The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. While both hires and job openings rates (as a percentage of total employment) ticked higher for May, the quits rate and layoffs rate were unchanged. The labor market appears to be at a crossroads, Nick Bunker, Indeed Hiring Lab’s head of economic research, wrote in commentary posted Tuesday. But some Fed officials have noted that the job market has lost momentum recently and that it’s highly unclear whether it will continue to hold steady or weaken further.
Persons: Economists, , ” Robert Frick, switchers, David Tinsley, Nick Bunker, ” Bunker, , you’ve, Austan Goolsbee, ” Marisa DiNatale Organizations: CNN, Bureau of Labor Statistics ’, Labor, Navy Federal Credit Union, Industries, Bank of America, Bank of America Institute, , Federal Reserve, Chicago Fed, Bloomberg, European Central Bank, Moody’s, Labor Statistics Locations: Sintra , Portugal
Post-pandemic revenge spending is still continuing, but in one part of the world there's something starkly opposite happening — revenge saving. Rather than splurging on impulsive purchases, China's young are saving ferociously as the world's second-largest economy remains in the doldrums. Revenge saving has become a trend on Chinese social media websites, with Chinese youth setting extreme monthly saving targets. "Chinese youth have a revenge savings mentality," said China Market Research Group's Managing Director Shaun Rein. "Unlike youths in the 2010s who often spent more than they earned and borrowed money to buy fancy items like Gucci handbags and Apple iPhone, young Chinese have started saving more," he told CNBC.
Persons: Zhai Zhai, Shaun Rein, Gucci Organizations: Research, CNBC Locations: China
Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In France, political turmoil has exacerbated concerns about the country’s debt, sending bond yields, or returns demanded by investors, soaring. “Many (politicians) are not willing to talk about the hard choices that are going to need to be made. Despite growing alarm over the federal government’s debt pile, neither Joe Biden nor Donald Trump, the main 2024 presidential candidates, are promising fiscal discipline ahead of the election. Former Prime Minister Liz Truss triggered a collapse in the pound in 2022 when she tried to force through big tax cuts funded by increased borrowing.
Persons: ” Roger Hallam, Karen Dynan, ” Kenneth Rogoff, , don’t, Joe Biden, Donald Trump, Biden, Paul Johnson, William Ruto, Liz Truss, hasn’t, Emmanuel Macron, Dynan, it’s Organizations: London CNN, Monetary Fund, Investors, Vanguard, CNN, US Treasury, Harvard Kennedy School, Harvard University, , Congressional, CBO, Trump, Fiscal Studies, United Kingdom, Former Locations: United States, France, Germany, Kenya
We Counted 22,252 Cars to See How Much Congestion Pricing Might Have Made This MorningToday would have been the first Monday of New York City’s congestion pricing plan. We sent 27 people to count vehicles manually at four bridges, four tunnels and nine streets where cars entered the business district. In total, we counted 22,252 cars, trucks, motorcycles and buses between 8 a.m. and 9 a.m. on Monday. But it does give you a rough sense of scale: It’s a lot of cars, and a lot of money. had planned to use the congestion pricing revenue estimates to secure $15 billion in financing for subway upgrades.
Persons: Kathy Hochul, Noah Throop, Ruru Kuo, It’s, Franklin Organizations: Gov, New York Times, Metropolitan Transportation Authority, Tunnel, Manhattan Bridge, Brooklyn Bridge, manhattan, Williamsburg Bridge, Battery Locations: York, Lexington, St, Queens, Midtown, Tunnel manhattan, Holland, Manhattan, Brooklyn, Brooklyn Bridge Brooklyn, Williamsburg
Australia doubles foreign student visa fee in migration crackdown
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: +1 min
Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. Australia said on Monday it had more than doubled the visa fee for international students, the latest move by the government to rein in record migration that has intensified pressure on an already tight housing market. From July 1, the international student visa fee has risen to 1,600 Australian dollars ($1,068) from AU$710, while visitor visa holders and students with temporary graduate visas are banned from applying onshore for a student visa. "The changes coming into force today will help restore integrity to our international education system, and create a migration system which is fairer, smaller and better able to deliver for Australia," Home Affairs Minister Clare O'Neil said in a statement. The rise in fees makes applying for a student visa for Australia far more expensive than in competing countries like the U.S. and Canada, where they cost about $185 and 150 Canadian dollars ($110) respectively.
Persons: Clare O'Neil Organizations: Australia, Home Affairs Locations: Australia, U.S, Canada
The West Bank village of Qusra was smoldering as I arrived. Clouds of black smoke swirled from a field where rampaging Israeli settlers had lit it on fire, while also setting fire to Palestinian homes and vehicles, according to Qusra residents. “At any moment, we expect settlers to attack,” said Abdel-Majeed Hassan, a salt-of-the-earth farmer in his 70s. I met Hassan here in 2015, on one of my many trips to Israel and the Palestinian territories over the years. Despite enduring repeated attacks by settlers who coveted his land, he thought then that he could hang on to his family farm.
Persons: , Abdel, Majeed Hassan, Hassan Organizations: , West Bank Locations: Bank, Qusra, Gaza, Israel
Opinion: Dear Joe, it’s time to go
  + stars: | 2024-06-28 | by ( Opinion Jay Parini | ) edition.cnn.com   time to read: +6 min
CNN —Dear Joe,I write to you urgently, as your old neighbor from Scranton. You, Joe, pushed through the Safer Communities Act, which included the most significant gun control measures in nearly thirty years. But you’re an old man now, like me. You’re a man of huge integrity, Joe, and you must — you MUST — stand down. Be the great man you are, Joe, the one we’ve seen in action and admired for many decades.
Persons: Jay Parini, “ Borges, , Jorge Luis Borges, CNN —, Joe, I’ve, Oliver Parini, Mike Pence, you’ve, Donald Trump, Donald, Trump, Vladimir Putin, Benjamin Netanyahu, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Ruth Bader Ginsburg’s, Barack Obama, Don’t, Joe Bader Biden, You’ve, Gretchen Whitmer, Gavin Newsom, Pritzker, Jay Organizations: Middlebury College, CNN, Capitol, White, NATO, Supreme, Michigan Gov, Illinois Gov, Trump, Twitter, Facebook Locations: Scotland, Argentine, Scranton, freefall, Ukraine, Atlanta, You’re, China, Trump, California, Illinois, United States of America
But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.
Persons: , Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, , Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, , Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St
CNN —The Supreme Court on Friday significantly weakened the power of federal agencies to approve regulations in a major decision that could have sweeping implications for the environment, public health and the workplace. But the decision will net a far wider swath of federal regulations affecting many facets of American life. The decision overturns the Chevron v. Natural Resources Defense Council precedent that required courts to give deference to federal agencies when creating regulations based on an ambiguous law. The justices have been incrementally diminishing federal power for years, but the new case gave the court an opportunity to take a much broader stride. The Supreme Court had been trending in that direction for years, knocking back attempts by federal agencies in other contexts to approve regulations on their own.
Persons: Chevron, John Roberts, , Neil Gorsuch, Elana Kagan, ” Kagan, Biden, Trump Organizations: CNN, Commerce Department, Chevron, Natural Resources Defense, Environmental Protection Agency, Conservatives Locations: Chevron, Washington
Gail Collins: Not to be obvious or anything, Bret, but do you have any predictions about the big debate tonight? Bret Stephens: No predictions, just the wish that both candidates deliver roughly the same performances they put in four years ago: a coherent Joe Biden and an unhinged Donald Trump. But here’s my question for you: If Biden’s performance is disastrous, will you join me in calling for Democrats to find a new nominee? Gail: It’d have to be pretty super disastrous, Bret. Sure, if the president suddenly goes blank and stares at the screen in silence or forgets where he’s speaking and starts commending the Democratic congressional candidate from Delaware.
Persons: Gail Collins, Bret, Bret Stephens, Joe Biden, Donald Trump, Biden, Gail, It’d Organizations: Trump, Democratic Locations: Delaware
Add to that the noise surrounding the US election, and it could be a rougher second half. Central Banks in Canada and the eurozone have both cut interest rates, but inflation rose in both of those regions last month. Australia, meanwhile, saw its inflation rate rise to 4% this week, stoking fears that the Reserve Bank of Australia could soon move to raise rates again. It was already well known that no documentation was found to show who worked on the door plug. Without the bolts, the door plug incident was pretty much inevitable.
Persons: London CNN —, they’ve, Michelle Bowman, she’s, Mary Daly, Austan Goolsbee, stoking, Joe Biden, Donald Trump, , José Torres, Torres, wouldn’t, Joseph Stiglitz, Trump, Trump’s, Max, , Al Michaels, Michaels, Peacock, ” Michaels, , CNN Michaels, Read Organizations: CNN Business, Bell, London CNN, Federal Reserve, foibles, San Francisco Fed, Chicago Fed, Central Banks, Reserve Bank of Australia, Interactive Brokers, Treasury, Trump, Peterson Institute, Oxford Economics, Allianz, CNN, Boeing, Alaska, Alaska Airlines, National Transportation Safety Board, Alaska Air, NBC, Summer Games, Olympics Locations: London, Canada, Australia, Renton , Washington, Paris,
CNN —A posted sign in a kitchen reads “Every Second Counts,” but “The Bear” is clearly in no hurry during its third season, proceeding at the slow-cooked pace of a show simmered in accolades and Emmys. The latest season’s first episode nicely sets the table for the nine episodes to come, playing almost like a visual poem while reintroducing the characters. Ricky Staffieri, Jeremy Allen White and Matty Matheson in "The Bear." What “The Bear” has lost is the element of surprise that greeted its arrival. “The Bear” launched its third season June 26 on Hulu.
Persons: CNN —, “ Barry ”, , Jackie ”, “ Ted Lasso, , Christopher Storer, Ricky Staffieri, Jeremy Allen White, Matty Matheson, Chuck Hodes, Carmy, Calvin Klein, Storer Organizations: CNN, Hulu Locations:
Especially the last bit: Corporate America is obsessed with ensuring their employees are staying productive when they’re working remotely, away from the gimlet eyes of management. It’s easy to imagine the types of pretend productivity gadgets these employees might have used: “mouse jigglers,” gizmos with a questionable name that make random, small motions of a mouse or touchpad. And Wells Fargo’s crackdown on these gadgets is just the latest attempt by big business to rein in perceived slacking by remote employees. That perceptual gap reflects a vast and growing mutual distrust between workers and employers in America. They’re how workers are battling back against boardroom Big Brother, in a technological arms race that’s only getting wilder as devices get more sophisticated.
Persons: Jeff Yang, Bruce ”, , Jeff Yang CNN, Wells, They’re, they’re, wilder, I’ve Organizations: CNN, Bloomberg, Business, Intuit, Microsoft Locations: Asian America, America, New York , Connecticut, Delaware
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