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There’s another connection between Canada, asthma and my family — and it’s a somewhat accidental one. Unfortunately, the challenges that my mom faced getting asthma medication persisted. There were times that my mother didn’t fill her prescriptions for her asthma medication out of concern over the cost. Research shows that if you have a parent with asthma, you have a 25% likelihood of developing asthma yourself. Still, I remain vigilant because there is no cure for asthma and my family is so susceptible to its ravages.
Persons: Pamela Appea, I’m, Wab, David Lipnowski, wouldn’t, Organizations: CNN CNN, Asthma, Research, US Centers for Disease Control, New, Canadian Press, AP, CNN, Twitter, Facebook Locations: New York City, Florida, Europe, Canada, Minnesota, Wisconsin, Ghana, United States, North America, Africa, England, Quebec, Manitoba
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.
Persons: , Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US
Biden Tries to Close a Loophole
  + stars: | 2024-06-05 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
President Biden’s latest executive actions on immigration are an attempt to shrink a loophole that has allowed many people to enter the country without legal permission. That loophole is the asylum system. Not as intendedThe modern idea of asylum stems from World War II. Today, many migrants claim asylum even though they are not at risk of being persecuted. They instead want to move to the U.S. — understandably enough — because it is a richer, politically freer and less violent place than much of the world.
Persons: Biden’s, Locations: South Sudanese
CNN —By now, the famed photographer Gregory Crewdson’s well-oiled, large-scale shoots are well documented. Gregory CrewdsonCrewdson nods to the Hitchcock classic “Vertigo” and the female lead’s doubled self in this photograph from his most recent series, “Eveningside,” from 2021-22. For the series, the photographer returned to Adams, Massachusetts, and transformed vacant storefronts, revisiting locations from earlier series. With Crewdson’s work, he added: “It’s completely staged, and every detail is thought through. It’s that moment — not the final picture — that he’s always chasing, he reiterated on the call.
Persons: Gregory Crewdson’s, Crewdson, ” Crewdson, , Gregory Crewdson Crewdson, Hitchcock, , Gregory Crewdson, Walter Moser, David Lynch, Steven Spielberg, Alfred Hitchcock, ” Moser, Jeff Wall, Cindy Sherman, Philip, Lorca diCorcia —, It’s, it’s, he’s, Juliane Hiam, , Moser, Sherman, Edward Hopper, William Eggleston, ” Gregory Crewdson, HBO’s, Julianne Moore, Tilda Swinton, Phillip Seymour Hoffman, Gwyneth Paltrow, Taylor, Haze ”, “ it’s, ’ ”, hasn’t, Rick Sands, Wes Anderson, ” Gregory Crewdson “, I’ve Organizations: CNN, Albertina, , Pines, , New York Times Magazine, Yale Locations: Connecticut, Western Massachusetts, , Adams , Massachusetts, Vienna, Brooklyn ; New Haven , Connecticut, Pittsfield , Massachusetts, Crewdson’s, Vermont, America, Massachusetts, New York, New Haven, Pittsfield, Italy, Rome
This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)Shares of the struggling French IT firm Atos tumbled on Monday as the company weighs between two rescue deals both set to lead to "massive dilution" of existing shareholders. The two restructuring deals on the table are led by Czech billionaire Daniel Kretinsky and key Atos shareholder David Layani. "The implementation of the proposals will result in all cases in a massive dilution of the existing shareholders of Atos SE," Atos said in a statement on Monday. The company said it was working with financial creditors to secure maximum support for one of the deals by June 5, aiming to reach final agreement on restructuring in July.
Persons: Ludovic MARIN, LUDOVIC MARIN, Atos, Daniel Kretinsky, David Layani Organizations: Getty, Atos Locations: Bezons, Paris, AFP, London, Czech
Mexico Elects Claudia Sheinbaum
  + stars: | 2024-06-03 | by ( David Leonhardt | Ian Prasad Philbrick | ) www.nytimes.com   time to read: +1 min
When foreigners hear news from Mexico, it can often sound chaotic, involving cartels, crime or migration surges. But last night’s election results make clear that most Mexicans are pleased with their country’s direction. Claudia Sheinbaum — the former mayor of Mexico City and the chosen successor of the current president, Andrés Manuel López Obrador — won the presidency easily. Sheinbaum, a leftist-leaning engineer, received about 58 percent of the vote, to around 29 percent for Xóchitl Gálvez, a centrist entrepreneur, and about 11 percent for Jorge Álvarez Máynez, a progressive candidate. In today’s newsletter, we’ll explain why most Mexican citizens have been so satisfied with López Obrador (who’s often known by his initials, AMLO) and what challenges Sheinbaum will likely face, starting with violent crime, which is indeed a major problem.
Persons: Claudia Sheinbaum —, Andrés Manuel López Obrador —, Gálvez, Jorge Álvarez Máynez, López Obrador, Sheinbaum Locations: Mexico, Mexico City
David Levy, a Moroccan-born Israeli who rose from ditch digger to Israel’s political heights, often embodying the resentments of Jews of North African and Middle Eastern origin who felt ill-treated by Europe-rooted elites, died on Sunday at a hospital in Jerusalem. The cause was not disclosed, but he had recently been treated for heart and kidney ailments. His death was announced by the Israeli government. Mr. Levy was Israel’s foreign minister three times in the 1990s and its deputy prime minister even more often across two decades. And on vital foreign policy matters, like negotiations with the Palestinians and Arab states or the management of relations with the United States, he was shunted aside by prime ministers who reserved those responsibilities for themselves.
Persons: David Levy, Levy Locations: Moroccan, North, Europe, Jerusalem, United States
The Conviction of Donald J. Trump
  + stars: | 2024-05-31 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
The criminal justice system finally caught up to Donald Trump. First, he was a New York businessman whose company violated discrimination laws, failed to repay debts and flirted with bankruptcy. Yesterday, however, a criminal jury judged Trump for the first time. The prosecutors argued that Trump had falsified business records to hide a sexual affair from voters and corrupt the 2016 election. Trump has become the first former president of the United States to be a convicted felon.
Persons: Donald Trump, Trump Locations: New York, Georgia, Manhattan, United States
The Toussaint Louverture International Airport, which has reopened after being closed for nearly three months due to gang violence, in Port-au-Prince, Haiti, on May 20. Montis and the Lloyds barricaded themselves inside their residence on the compound, but it was not enough, Lloyd told CNN. US Ambassador to Haiti Dennis Hankins walks after Haiti’s transitional council ceremony, on the outskirts of Port-au-Prince, Haiti on April 25, 2024. The situation on the ground in Port-au-Prince remains anarchic,” he warned. But Thursday morning, the bodies of Davy and Natalie Lloyd finally began their long journey home.
Persons: Davy, Natalie Lloyd, Haiti Dennis Hankins, , Toussaint, Ralph Tedy Erol, Jude Montis –, Davy Lloyd’s, David Lloyd, Lloyd, Eric Burlison, Sen, Josh Hawley, ” Burlison, we’ve, ” Natalie Lloyd’s, Naomi Baker, Ben Baker, Stacy Librandi Bourne, Vitel’homme, , Baryé, ” Innocent, Judes Montis, Odelyn Joseph, Gary Desrosiers, Eunide Majeur Montis, Jude Montis, Cassidy Anderson, , Natalie, Champ de Mars, Hawley, Biden, “ Natalie, CNN’s AnneClaire Stapleton, Hande Atay Alam, Natalie Barr, Nikki Carvajal Organizations: CNN, Prince, US, Kansas City, US State Department, Reuters, Local carrier Sunrise, Lloyds, White, Missions, Missouri US, US National Security, State Department, US Embassy, , AP, HERO, Haiti’s National Police, Baker’s, General Hospital, Champ Locations: Haiti, American, Port, Miami, Kansas, United States, Prince, Haiti’s, Caribbean, Eric Burlison , Missouri, Missouri
Patriotism, Diversity and the Election
  + stars: | 2024-05-30 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Student debt. One is the contrast between the country’s most heated political debates and the top concerns of most voters. Student debt and housing costs make for a useful comparison. Student debt, a subject that the Biden administration has emphasized, may seem like the ultimate pocketbook issue. In reality, it’s more niche: Only 18 percent of U.S. adults have any federal student debt.
Persons: Biden Organizations: Democratic Locations: Gaza, U.S
A new women's basketball league has attracted a star-studded roster of investors from the media and sports world at a time when ratings and general interest in the WNBA and other professional women's leagues is rising. Unrivaled, the pro women's basketball league founded last year by New York Liberty's Breanna Stewart and Minnesota Lynx's Napheesa Collier of the WNBA, said Thursday that it had closed on a seed funding round ahead of its January launch. Athletes will be given equity in the new league, and Unrivaled said it will also feature contract opportunities that will offer the highest average salary in women's pro sports league history. Many female athletes play in other countries when the WNBA season ends to boost their earnings potential. Unrivaled's season will run from January to March and feature 30 of the top women's basketball players across six teams for a 3-on-3, compressed full court style of play on a soundstage in Miami.
Persons: Napheesa Collier, New York Liberty's Breanna Stewart, John Skipper, Turner, David Levy, Ann Sarnoff, Star Carmelo Anthony, Alex Morgan, David, Skipper, Alex Bazzell, Stewart, Collier Organizations: Minnesota Lynx, New York Liberty, Target, New York, ESPN, Warner Bros, NBA, U.S, soccer, Meadowlark Media, WNBA Locations: Minneapolis , Minnesota, New, Minnesota, U.S, Miami
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
Democrats Who Are Winning
  + stars: | 2024-05-29 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Recent polls contain a surprising combination of results: Democrats appear to be leading in six tough Senate races even as President Biden trails Donald Trump in the same states. What are these Democratic Senate candidates doing right? In today’s newsletter, I’ll highlight the single biggest theme that emerged: The six Democrats are basing their campaigns around a populism that harshly criticizes both big business and China. (In a follow-up newsletter, I’ll look at several other campaign themes.) Still, most of the Democrats in these races aren’t merely ahead in the polls; they also have a track record of winning tough races by appealing to voters who are skeptical of the Democratic Party.
Persons: Biden, Donald Trump, It’s Organizations: Democratic, Democratic Party Locations: China
Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.
Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, , Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter
An Oklahoma-based missionary group working in Haiti’s capital was attacked by gangs on Thursday, leaving two Americans and the group’s director dead, the organization, Missions in Haiti, announced on Facebook. The independent nonprofit was founded by an Oklahoma couple, David and Alicia Lloyd, in 2000. The victims were the founders’ son, David Lloyd III, 23, known as Davy; his wife, Natalie Lloyd, 21; and the organization’s Haitian director, Jude Montis, 20, the group said. Most of you know my daughter and son-in-law Davy and Natalie Lloyd are full time missionaries in Haiti. They were attacked by gangs this evening and were both killed.
Persons: David, Alicia Lloyd, , David Lloyd III, Davy, Natalie Lloyd, Jude Montis, Lloyd, Ben Baker, , Mr, Baker, “ I’ve, Organizations: Missions, Facebook Locations: An Oklahoma, Haiti, Bon, Port, Oklahoma, Haitian, Missouri
Addressing Immigration
  + stars: | 2024-05-23 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
President Biden and his aides describe this year’s election as crucial — existential, even — because of Donald Trump’s hostility to democracy. Yet given the election’s importance, the Biden administration has been notably slow to address one of his biggest political vulnerabilities: immigration. Polls show that immigration is a top concern of voters, often trailing only the economy. Most voters are unhappy with Biden’s handling of the issue and say they trust Trump more on it. Despite this situation, the White House has been reluctant to act aggressively for most of the past few years.
Persons: Biden, Donald Trump’s, Trump Organizations: Democratic, White, Politico
The Rise of a New Centrism
  + stars: | 2024-05-20 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Washington, you often hear, is a place so polarized that our leaders barely get anything done. Senator Elizabeth Warren, a progressive leader, has worked on legislation with several conservative Senate Republicans, including Josh Hawley and J.D. My editors recently asked me to make sense of this conundrum: A polarized country in which bipartisanship has somehow become normal. To do so, I spoke with Congress members from both parties, as well as Biden administration officials and outside experts. I emerged from the project believing that the U.S. was indeed a polarized country in many ways — but less polarized than people sometimes think.
Persons: Biden —, Donald Trump’s, , Elizabeth Warren, Josh Hawley, J.D, Vance, Lina Khan —, Biden, ” Biden, bipartisanship Organizations: Democrats, Republican, Republicans, Federal Trade Commission Locations: U.S
A New Centrism Is Rising in Washington
  + stars: | 2024-05-19 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
The Republican Party has moved to the right by many measures, and the Democratic Party has moved to the left. One consequence of this polarization, politicians and pundits often say, is gridlock in Washington. These years have been arguably the most productive period of Washington bipartisanship in decades. After the bill’s passage, far-right House Republicans tried to oust Speaker Mike Johnson because he did not block it — and House Democrats voted to save Johnson’s job. Last week, the House advanced another bipartisan bill, on disaster relief, using a rare procedural technique to get around party-line votes.
Persons: Washington bipartisanship, Biden, Mike Johnson Organizations: Republican Party, Democratic Party, Republicans, Postal Service, Trump, House Democrats Locations: Washington, Ukraine
"We should be anticipating higher highs in the market," Lundgren, the chief market strategist at MOTR Capital Management & Research and a portfolio manager at Little Harbor Advisors, recently told Business Insider. The 28-year market veteran's upbeat sentiment is more widespread now than last fall, when the S&P 500 struggled mightily before a powerful end-of-year surge. There can be negative or positive stretches within an established bull or bear market, Lundgren noted. Only one of the ETFs tracking Lundgren's preferred sectors has beaten the S&P 500 (in dark blue) since late last summer. When adjusting for market cap, cyclicals have fared much better and have bested the equal-weight version of the S&P 500 in several cases.
Persons: , David Lundgren, Lundgren, he'd, we've Organizations: Service, MOTR Capital Management & Research, Little Harbor Advisors, Business, Yahoo Finance, Yahoo
How Israeli Extremists Won
  + stars: | 2024-05-16 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
Last October, an Israeli settler in the West Bank set a Palestinian home on fire. And last fall, a settler shot a Palestinian in the stomach in front of an Israeli soldier. Yet the authorities have not charged any of these settlers — or others who have attacked West Bank residents — with crimes. In it, they document how violent factions within the settler movement have repeatedly received protection from the Israeli government despite attacks against Palestinians — and even against Israeli officials who tried to challenge the settlers. An Israeli government report in 1982 documented the problem, to no effect.
Persons: , Ronen Bergman, Mark Mazzetti, ” Ronen, Mark, Organizations: West Bank, Times Magazine Locations: , of Israel
He believes the stock market is rational — even when it doesn't appear to be. Related stories"The market is ruthlessly efficient, both long term and short term," Lundgren said. The strategist added: "The market doesn't care one iota about fundamentals in the short term. Like any market, stock exchanges determine prices based on what buyers and sellers will pay and sell for. Just because it's taking place in a mall doesn't make that mall an insane asylum."
Persons: , Tuesday's, Redditors, David Lundgren, Lundgren, who's, that's, It's, Benjamin Graham, Mark Minervini Organizations: Service, GameStop, Business, Street, MOTR Capital Management & Research, Little Harbor Advisors, AMC
A New Rent-Versus-Buy Calculator
  + stars: | 2024-05-13 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
It is the biggest financial decision for many younger adults: Should I rent a home or buy one? To help people understand the trade-offs, The Times has just relaunched its popular rent-versus-buy calculator. The calculator, which The Times’s Upshot section built, has been updated in several important ways, including to take into account the 2017 tax law that affected the mortgage-interest deduction. Ultimately, the calculator can’t tell you whether you should rent or buy. That decision depends on the future paths of home prices and rents, which are unknowable.
Organizations: Times
The Debate Over Rafah
  + stars: | 2024-05-10 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
At the heart of the dispute between President Biden and Benjamin Netanyahu over invading Rafah is a larger disagreement about what Israel can reasonably hope to accomplish against Hamas. Israel’s military has already made progress, having dismantled at least 18 of Hamas’s 24 battalions since the Oct. 7 attacks. But Hamas’s top leaders and thousands of fighters have survived, many evidently fleeing to tunnels under Rafah. “Ending the war without clearing out Rafah is like sending a firefighter to extinguish 80 percent of the fire,” Benny Gantz, a member of Israel’s war cabinet and Netanyahu’s chief political opponent, has told U.S. officials. The Wall Street Journal editorial board, which tends to support Netanyahu, has called Rafah “the crucial city for the terrorist group’s future.”
Persons: Biden, Benjamin Netanyahu, I’ll, Netanyahu, ” Benny Gantz, Organizations: U.S Locations: Rafah, Israel
On Friday night, in the premiere of his appealingly chaotic livestreaming variety show “Everybody’s in L.A.,” which runs every night this week, John Mulaney delivered a monologue about his adopted city next to a map that broke it down into a crooked jigsaw puzzle of neighborhoods. It’s the biggest comedy showcase of the year (with more than 500 offerings, a 40 percent increase from the festival’s already mammoth debut event in 2022) but also something of a corporate flex. Who else could get Hannah Gadsby and Shane Gillis in the same festival or draw the talk-show titans Jon Stewart and David Letterman to host events? The most newsworthy shift this year was the aggressive move into livestreaming events, following the blockbuster success of Chris Rock’s 2023 special, “Selective Outrage,” about being slapped at the Oscars. (One of that ceremony’s hosts, Wanda Sykes, returned to the place it happened, the Dolby Theater, for a festival show and began by saying this time no one would get assaulted).
Persons: John Mulaney, Hannah Gadsby, Shane Gillis, Jon Stewart, David Letterman, Chris Rock, Billy Crystal, , Harry Met Sally, , Tracee Ellis Ross, Meg Ryan’s, Chris Rock’s, Wanda Sykes Organizations: Netflix, Dolby Locations: L.A, Los Angeles
Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.
Persons: , Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana
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