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☆ USWNT: How the US became women’s soccer’s dominant force
▼ + stars: | 2023-07-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +20 min

Anson Dorrance knew he was a pioneer during his eight years as head coach of the US Women’s National Team (USWNT). Any understanding of how and why the USWNT is women’s soccer’s dominant force, a four-time Women’s World Cup winner and favorite to win the next edition currently taking place in Australia and New Zealand, must start with Dorrance, the groundbreaker and the bricklayer. Five years later, the first Women’s World Cup was held in China – not that it was initially labelled a World Cup as world governing body FIFA worried it might not be a success. A third-placed finish followed at the 1995 Women’s World Cup, and then came the Atlanta Olympics a year later. The success of 1999 would lead to the world’s first professional women’s soccer league, the Women’s United Soccer Association (WUSA).

Persons: CNN —, ”, Anson Dorrance, “ You’re, Dorrance, –, “, Michelle Akers, ” Akers, Mike Ryan, ’, Akers, IX, I’m, ” Dorrance, “ There’s, Lori Lindsey, Lauren Cheney, Darryl Dyck, George Bush, Barry Thumma, didn’t, ” Caitlin Murray, Murray, David Cannon, Billie Jean King, “ We’ve, Lindsay, USWNT, Harry, Brandi Chastain’s, “ We’re, ” Brandi Chastain, Robert Beck, Chastain, Mia Hamm, Kristine Lilly, Julie Foudy et, Megan Rapinoe, they’re, it’s, ” Rapinoe, Richard Heathcote, Lindsey, Becky Sauerbrunn, Rapinoe, Alyssa Thompson, Naomi Girma, Taylor Swift Organizations: CNN, US, National, CNN Sport, Dorrance, men’s, University of North, Coaches, FIFA, America, Soccer, Federal, Olympic, Canada, American, High School, National Collegiate Athletic Association, Guatemala, CONCACAF, Canadian Press, Central, USA, “ National, Atlanta Olympics, Getty, US Soccer, revelled, China, Rose, Women’s United Soccer Association, National Women’s Soccer League, “ 99ers, Tokyo, England Locations: Australia, New Zealand, University of North Carolina, Italy, Seattle, Irish, United States, England, Brazil, Central Florida, China, Norway, New York, Hamm

☆ Blackstone to invest $150 million in London-based hedge fund Astaris
▼ + stars: | 2023-07-18 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, July 18 (Reuters) - Blackstone Group LP is to invest $150 million in London-based Astaris Capital Management which will be split between the firm's existing hedge fund and a new pool of capital with a drawdown structure, two sources said. He was also a founding partner at hedge fund Sothic Capital, which invested in European distressed assets. The firm's investment approach does not rely on any specific part of the economic cycle. Blackstone will fund both the existing hedge fund and the new fund with $75 million each, signaling its strong commitment to Astaris, according to the sources familiar with the investment but are not permitted to discuss it. Blackstone, which invests $81 billion through its hedge fund unit Blackstone Alternative Asset Management, is making the investment with cash from its Strategic Alliance Fund IV, which has over $1 billion in assets, they said.

Persons: Astaris, Martin Beck, Blackstone, Svea Herbst, Bayliss, Emelia Sithole Organizations: YORK, Blackstone, Astaris Capital Management, Centerbridge Partners, JPMorgan, Asset Management, Strategic Alliance, IV, Strategic Alliance Fund, Astaris, Svea, Thomson Locations: London, Europe

☆ Actors are poised to go on strike against studios and streaming services
▼ + stars: | 2023-07-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The actors could be on strike themselves without a last-minute deal with studios and streaming services on Wednesday. Production of many movies and television shows have already been shut down by the current writers strike. An actors strike would bring most remaining productions to a halt, other than on some independent films not associated with studios. This would be the first actors strike against television shows and movie productions since 1980. Just before the last deadline, it seemed as if an actors strike could be avoided.

Persons: haven’t, ”, Robyn Beck, It’s, Tom Nunan, Jonathan Handel, Handel, “, it’s, Blockbuster hadn’t, David Mumpower, Fran Drescher, —, Meryl Streep, Glenn Close, Jennifer Lawrence, Bob Odenkirk, Mark Ruffalo, Quinta Brunson, Rami Malek, you’ve, Theron, Joaquin Phoenix, Jamie Lee Curtis, Cobie Smulders, Pedro Pascal, Drescher, –, Vanessa Yurkevich Organizations: New, New York CNN, Screen, American Federation of Television, Radio Artists, Alliance, Motion Pictures, Television Producers, Apple, CBS, Disney, NBC Universal, Netflix, Paramount Global, Sony, CNN, Warner Bros ., Federal Mediation, Conciliation Service, SAG, UCLA School of Theater, Film, Television, Writers Guild of America, Blockbuster, AMPTP, Gabbana’s Locations: New York, AFP, Moda, Southern Italy

☆ Michelin starred hotels around the world, from Italy to Vietnam
▼ + stars: | 2023-07-10 | by ( Chris Dwyer | ) edition.cnn.com time to read: +24 min

Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.

Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, ”, ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, –, sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, “, Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, ”, Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, ”, Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam

The case, though framed as clash between free speech and gay rights, was the latest in a series of decisions in favor of religious people and groups, notably conservative Christians. A Colorado law forbids discrimination against gay people by businesses open to the public as well as statements announcing such discrimination. But when the Supreme Court agreed to hear the case, 303 Creative L.L.C. He was the author of every major Supreme Court decision protecting gay rights under the Constitution. But he was also the court’s most ardent defender of free speech.

Persons: Neil M, Gorsuch, Lorie Smith, Smith, Smith’s, Mary Beck Briscoe, Judge Briscoe, “, ” Judge Briscoe, Timothy M, Tymkovich, George Orwell, ’ ”, ”, Anthony M, Kennedy, Justice Kennedy, Jack Phillips, Ruth Bader Ginsburg, Brett M, Kavanaugh, Amy Coney Barrett Organizations: Supreme, U.S ., Appeals, Circuit, Colorado Civil Rights Commission Locations: Colorado, Denver, “ Colorado

☆ Accenture Chief Diversity Officer Beck Bailey Celebrates Pride Month
▼ + stars: | 2023-06-26 | 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 EmailAccenture Chief Diversity Officer Beck Bailey Celebrates Pride MonthAccenture's Chief Diversity Officer Beck Bailey stresses the importance of being out and visible in the workplace.

Persons: Beck Bailey Organizations: Accenture

☆ The inside man who shook the Kremlin: Who is Yevgeny Prigozhin, and what's next for him?
▼ + stars: | 2023-06-26 | by ( Richard Engel | Yuliya Talmazan | ) www.cnbc.com time to read: +8 min

Head of the Wagner Group Yevgeny Prigozhin left the Southern Military District headquarters on June 24, 2023 in Rostov-on-Don, Russia. A St. Petersburg native like Putin, Prigozhin, 62, has one of the most varied biographies among the Kremlin elite. With the full-scale invasion of Ukraine in 2022, Prigozhin was able and eager to again prove his value to Putin. As the Russian army came up against surprisingly strong resistance, Wagner's mercenaries came in handy in the bloodiest of battles. The standoff then exploded and Prigozhin launched an armed rebellion on Friday after alleging that the Russian army fired at his mercenaries.

Persons: Wagner Group Yevgeny Prigozhin, Yevgeny Prigozhin, Vladimir Putin, —, Wagner, Michael A, Horowitz, what's, Prigohzin, Prigozhin, Putin, Read, Bashar al, Assad, Sergei Shoigu Organizations: Wagner Group, Southern Military, Stringer, Anadolu Agency, Getty, Le Beck, NBC News, Putin, Kremlin, Prigozhin, NBC, U.S, Internet Research Agency, Central African, Defense Ministry Locations: Rostov, Don, Russia, Moscow, Belarus, St, Petersburg, Europe, East, Africa, Crimean, Kyiv, Russian, Ukraine, Syria, Central African Republic, Bakhmut, U.S

☆ A son died, his parents tried to sue. How U.S. courts protect Big Pharma
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +26 min

His parents soon started exploring a lawsuit against Merck, the developer of the blockbuster asthma and allergy drug, Singulair, along with the manufacturer of the generic version their son took. That meant Merck had written the warning label, with federal approval, on the generic version of Singulair that Nicholas England took. But his parents couldn’t sue Merck, either, because their son had never taken its name-brand version of Singulair. The generic drug manufacturer that made the pills England took, Teva Pharmaceuticals, did not respond to inquiries. Since Merck’s patent on Singulair expired in 2012, major generic drug manufacturers have sold millions of prescriptions under the drug’s scientific name, montelukast.

Persons: Nicholas England, Nicholas, Merck, ”, Jennifer England, Nicholas’s, ” Merck, Organon, “, George W, Bush, Daniel Troy, Troy, Medtronic, Nicholas England’s, Adam Zimmerman, ” Zimmerman, Jay Lefkowitz, Ellis, shouldn’t, Bayer, drugmaker Wyeth, Phenegran, Jan Gilpin’s, mumbling, ” Gilpin, ” “, hadn’t, Singulair, Gilpin, Stephane Bissonnette, suicidality, Dr, Judith Kramer, Duke, Robert England, Robert said, Kim Beck Organizations: Merck, U.S, Teva Pharmaceuticals, Reuters, U.S . Food, Drug Administration, FDA, Big, Corporate America, Corporations, Administration, ”, New, University of Southern California’s Gould School of Law, Norfolk, Union Pacific, Federal Railroad Safety, Pacific, GlaxoSmithKline, Monsanto, Bayer, Parent Locations: Virginia, England, U.S, New York, Kirkland, East Palestine , Ohio, Louisiana, Atlanta, Vermont, Wise , Virginia, Wisconsin

☆ Ex-Google CEO Eric Schmidt paid $67 million for a superyacht abandoned by a sanctioned Russian oligarch
▼ + stars: | 2023-06-17 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Former Google CEO Eric Schmidt paid $67.6 million at auction for a 267-foot superyacht. The boat was left moored in Antigua Bay by Andrey Guryev, a sanctioned Russian oligarch. Billionaire and former Google CEO Eric Schmidt won an auction Friday for the 267-foot Alfa Nero, paying $67.6 million for the superyacht that had been "abandoned" in Antigua Bay by a sanctioned Russian oligarch. Schmidt was the CEO of Google from 2001 to 2011, and stepped down as chairman of Google parent Alphabet in 2018. Representatives for Schmidt didn't immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Eric Schmidt, Andrey Guryev, Nero, Sir Ronald Sanders, Schmidt, Guryev, Vladimir Putin, Guryev's, Mr Guryev, Alfa Nero, Beck Diefenbach, Schmidt didn't Organizations: Google, Russian oligarch, Bloomberg, Morning, Barbuda Port Authority, Boat, US Treasury Department, Guryev, Alfa, Reuters Officials, International . Locations: Antigua Bay, Russian, Antigua, Barbuda, Ukraine, Falmouth Harbor

☆ Op-ed: In battle with activist Jana Partners, Freshpet unleashes the dogs of war
▼ + stars: | 2023-06-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Morris's employment agreement does not have such a provision. Section 7 of his employment agreement governs non-competition and non-solicitation. Basto resigned from Freshpet's board, effective May 31, according to a filing with the Securities and Exchange Commission. Jana attempted to address this by talking to Freshpet about improving corporate governance and adding new directors identified by Jana to the board. The Freshpet board should have looked at this as a gift from heaven.

Persons: Jana Partners, Freshpet, Jana, Scott Morris, Laurence Tribe, Morris, Richard Kassar, J, David Basto, Olu Beck, Basto, Jana directors, –, Shakespeare, Ken Squire, Squire Organizations: Hive Brands, Freshpet, Company, Securities and Exchange Commission, Institutional, Services, 13D Locations: Freshpet, Delaware

☆ Texas panhandle town hit by tornado, deaths reported
▼ + stars: | 2023-06-16 | by ( Brad Brooks | ) www.reuters.com time to read: +2 min

[1/4] A tank truck gets partially submerge in water in Perryton as the town gets struck by a tornado, in Texas, U.S. June 15, 2023, in this screengrab obtained from a social media video. ABC's Amarillo affiliate KVII-TV, citing Perryton fire chief Paul Dutcher, reported that at least three people were killed. At least 30 trailer homes were damaged or destroyed in Perryton, KVII-TV reported, and firefighters were still rescuing victims at 6 p.m. It said the town may have been struck by three tornadoes. I am in contact with Mayor Symons and this tragedy is being closely monitored by myself and my whole staff," U.S. Representative Ronny Jackson, a Republican from Texas, said on Twitter.

Persons: Sabrina Devers, Kerry Symons, Paul Dutcher, Debbie Beck, Beck, Jane, Mayor Symons, Ronny Jackson, Greg Abbott, Brad Brooks, Dan Whitcomb, Costas Pitas, Stephen Coates, Simon Cameron, Moore, William Mallard Organizations: REUTERS, U.S, Republican, Twitter . Texas, Thomson Locations: Perryton, Texas, U.S, TMX, REUTERS LUBBOCK , Texas, Amarillo, Oklahoma

☆ What Tesla’s EV charging win really means for drivers
▼ + stars: | 2023-06-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

A Tesla charging station stands in a parking lot on January 17, 2023 in Springfield, Virginia. But other EV charging companies have, so far, faced a far greater reliability challenge than Tesla’s. It’s an integrated system and has been from the very beginning,” said Jim Burness, chief executive of National Car Charging, a wholesaler of equipment to the EV charging industry. In both cases, drivers will be able to access Tesla chargers without having to use Tesla apps. That could lead to more lines at Tesla chargers, irritating Tesla owners.

Persons: Tesla, Anna Moneymaker, Stephanie Brinley, Jon McNeill, ”, “ Tesla, Jim Burness, Justin Sullivan, Alan Wexler, “, ” Wexler, Dan Barbossa, CNN’s, Mark J, Terrill, they’re, you’re, Brendan Jones, Blink, Burness, “ That’s, Stephen Beck, Gary Silberg Organizations: CNN, P Global Mobility, Ford, General Motors, EV, GM, Nissan, Tesla, DVx Ventures, CNN Business, Detroit, CCS, KPMG Locations: United States, Springfield , Virginia, America, San Francisco , California, Westlake, Calif

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ The Paranoid Style in Tucker Carlson’s Home Office
▼ + stars: | 2023-06-07 | by ( James Poniewozik | ) www.nytimes.com time to read: +2 min

Fox has ideology, of course (which has cycled through different flavors of conservatism over the decades), but it also has an aesthetic. Fox News is designed to look like it is broadcasting from the top of the world; “Tucker on Twitter” looks not unlike something livestreamed after the apocalypse. Carlson could be different; Fox News has yet to recover in the prime-time ratings from his sudden departure. But Carlson, for all his anti-elite posturing, is wholly a creature of legacy TV, having hosted shows on Fox, CNN and MSNBC. They say you’re wrong, you’re crazy, you’re a racist.

Persons: Fox, “ Tucker, Bill O’Reilly, Glenn Beck —, Carlson, ”, Facebook proselytizer Organizations: Fox News, Twitter, Fox, CNN, MSNBC, Facebook Locations: Maine, Russia, Ukrainian

☆ Taylor Swift seems to reference Matty Healy throughout her new album. Here's a complete timeline of their relationship.
▼ + stars: | 2023-06-05 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +22 min

At the concert, Swift was photographed dancing with her friends on the balcony, getting especially cozy with Kloss. February 25, 2015: Swift and Healy hang out at the Universal Music Brits party in LondonNick Grimshaw, Taylor Swift, and Matt Healy at the Universal Music Brits party. "It's not really anything to talk about, because if she wasn't Taylor Swift we wouldn't be talking about her. AdvertisementHe continued: "If I had gone out with Taylor Swift I would've been, 'Fucking hell! Taylor Swift performs at the 2016 Grammys; Matty Healy performs at the 2016 Apple Music Festival.

Persons: —, Taylor Swift, Matty Healy, Swift's, Healy, Milwaukee Healy, Swift, Los Angeles Swift, Selena Gomez, Gomez, Ellie Goulding, — Taylor, Harry Styles, merch, Angus O'Loughlin, hasn't, Stone, I've, she's, Martha Hunt, Lily Aldridge, Karlie, Haim, Hunt, Aldridge, Instagram, concertgoers, it's, Taylor, Jared, Swift Healy, Australia's, London Nick Grimshaw, Matt Healy, David M, Bacardi Swift, Kloss, Goulding, Nick Grimshaw, Mick Jagger, Halsey, It's, wasn't Taylor Swift, Robyn Beck, Dave J Hogan, Elle, Lana Del Rey, Jack Antonoff, Jack, Ally, Phoebe Bridgers, Paul Mescal, Bo Burnham, Bridgers, Burnham Organizations: Service, Poets Department, Business, Swift, Eagles, Us, MTV, Universal Music Brits, Soho House, Bacardi, Q, NME, KROQ, Klein, Poets Society Locations: Milwaukee, Los Angeles, New York City, Australia, London, Soho

London generated $2 billion in venture capital funding in the first quarter of 2023, compared to Berlin's $800 million, a DEEP Ecosystems analysis of Dealroom data showed. Reuters Graphics Reuters GraphicsTOUGHER TIMESIn 2022, 501 startups were founded in Berlin, a fifth of Germany's total. About a fifth of openings at startups were vacant and more than half were struggling to fill posts, German Startups Association said. In Germany, it has been accompanied by the sharpest contraction in venture capital funding in Europe in the past 12 months, down 42%. The funding crunch is hitting Germany's push to encourage the growth of new renewables businesses, given manufacturing startups are particularly capital intensive.

Persons: Avitosh Sawhney, Christian, headwinds, Katharina Beck, Lindner, Maximilian Tayenthal, Christoph Stresing, Tobias Lechtenfeld, Chancellor Olaf Scholz's, Maria Martinez, Riham Alkousaa, Matthias Williams, Mark John, Edmund Blair Organizations: Wall, Greens, Reuters, Startup Heatmap, Reuters Graphics Reuters, Manpower, Association, European Central Bank, Tech, Zero Alliance, Free Democratic Party, Thomson Locations: Berlin, London, BERLIN, Paris, Germany, Europe

☆ UK house prices fall by most since 2009, higher rates to bite-Nationwide
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 1 (Reuters) - British house prices fell by the most since 2009 in the 12 months to May and the country's housing market faces further headwinds after a recent jump in borrowing costs, mortgage lender Nationwide said on Thursday. Compared with May last year, the average house price was down 3.4% after a 2.7% annual fall in April, Nationwide said. House prices edged down by 0.1% in May from April after a monthly 0.4% rise in April, Nationwide said. Martin Beck, an economist with the EY Item Club, a forecasting group, said the 4% fall in house prices from last August's peak was modest compared with the 7% rise in house prices over the past two years. Analysts at Capital Economics said prices would fall another 8% while Pantheon Macroeconomics said they would drop 4%.

Persons: Liz Truss's, Headwinds, Robert Gardner, Gardner, Martin Beck, BoE, Beck, William Schomberg, Muvija M, Paul Sandle, Christina Fincher Organizations: Nationwide, Bank of, Capital Economics, Thomson Locations: Bank, Bank of England

CNN —House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership. In a win for McCarthy, a key Republican said he expects to support a rule to set parameters for debate. The powerful House Rules Committee must still vote to adopt the rule, but with that anticipated support, it is now on track to do so — a hurdle that must be cleared before the bill can come to the House floor for a final vote. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill.

Persons: Kevin McCarthy, –, McCarthy, “, it’s, Thomas Massie, Massie, Chip Roy, Texas, Ralph Norman of, Carolina –, Roy, Norman, ” Massie, Glenn Beck, can’t, Jim Jordan, Ohio, he’s, McCarthy’s, ”, Patrick McHenry, ” McHenry, “ I’m, McHenry Organizations: CNN —, GOP, Treasury Department, CNN, Republican Locations: Kentucky, Carolina

☆ 4 things 'Succession' gets wrong about business
▼ + stars: | 2023-05-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

HBO's hit show "Succession" airs its series finale Sunday night, with Waystar Royco's future in the balance. It captures the spirit of boardroom drama, but takes some liberties with corporate law, experts said. On HBO's hit show "Succession," the beats of a proxy fight are sometimes just as intense as a scheming betrayal from a once loyal lackey. Over four seasons, the show has laid out a thesis about the all-encompassing gravitational force of Logan Roy, the media mogul behind the fictional news and entertainment conglomerate Waystar Royco. "But the failure of the board to engage in any succession planning at all, is a first thing to note," she said.

☆ Ron DeSantis accused Trump of 'going left' on fiscal and cultural issues and called the former president 'a different guy' compared to his 2016 run
▼ + stars: | 2023-05-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

DeSantis said Trump is running from the "left" as the Fla. governor has now entered the 2024 race. In a range of interviews, DeSantis sought to assert himself as the true conservative in the primary. Ron DeSantis of Florida on Thursday wasted little time going after former President Donald Trump after announcing his White House run, accusing the ex-commander-in-chief of "going left" on fiscal and cultural issues. Despite DeSantis' appeal among many conservatives looking to move past the Trump era, the former president remains the frontrunner for the Republican presidential nomination. As of May 27, the national polling average on FiveThirtyEight had Trump ahead of DeSantis 53.9%-20.4%.

☆ MLB roundup: Brewers endure blowout loss, scary injury
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +10 min

Brewers starter Freddy Peralta (5-4) gave up 10 runs (five earned) on eight hits in 2 1/3 innings. Mets 5, Rockies 2Francisco Lindor homered and drove in four runs, Max Scherzer tossed a season-best seven innings and New York beat Colorado in Denver. The Cardinals' Matthew Liberatore (1-1) allowed four runs on five hits in five innings with two walks and two strikeouts. Joe Musgrove (2-2) allowed one run on six hits in 6 1/3 innings and avoided a third straight loss. Twins starter Louie Varland (2-1) gave up three runs and seven hits in six innings.

Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio (LCR). This is meant to determine the extent of a bank's access to ready cash to fund outflows such as depositor withdrawals. The trades caught the attention of European Central Bank (ECB) supervisors, who questioned Germany's largest lender about them during routine exchanges, the sources said. Even without the trades, Deutsche would have far exceeded a 100% LCR regulatory requirement and overshot its own target, the sources said, adding that its liquidity is not a concern. Deutsche's trades helped it raise its LCR to 143% at March 31, its first-quarter earnings report published in April showed.

☆ UK inflation surprises for all the wrong reasons
▼ + stars: | 2023-05-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Britain’s stubbornly high inflation is a major drag on its economy because it increases the cost of everyday goods and services, dampening consumption. At the same time, interest rate hikes to combat inflation make loans and mortgages more expensive, which further weighs on spending by businesses and consumers. “The indirect impact of energy prices on business costs means lower gas and electricity prices should eventually feed into lower core inflation. But strong wage growth is likely to keep services inflation high throughout this year,” he added. But it cautioned that high inflation is still a considerable risk to the UK economy.

Persons: Grant Fitzner, Britain’s, ” Paul Dales, Martin Beck, ” Organizations: London CNN —, National Statistics, Bank of England, International Monetary Fund, Bank, Capital Economics, IMF, Bank of England’s Locations: United Kingdom

☆ Color of Change, pioneering racial-justice nonprofit, is plagued by allegations of sexual assault and bullying, ineffective leadership, and deep layoffs say sources
▼ + stars: | 2023-05-17 | by ( Sean Campbell | ) www.businessinsider.com time to read: +16 min

Misconduct by senior leadership was often ignored or glossed over, and choas led to high turnover. But behind the scenes, some staff members say the organization has been wracked with internal turmoil, ineffective leadership, and deep layoffs. Many sources said allegations of misconduct by senior leadership seemed to be ignored or glossed over, and a chaotic environment led to high turnover. The following day, Color of Change eliminated another 12 positions, and again, many of them were part of the union. (Color of Change did not report executive salaries on its 2020 tax filings and has not released its 2021 returns.)

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