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☆ Opinion | The Great Wheat Price Surge That Sputtered
▼ + stars: | 2023-08-21 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

I share Ghosh’s concern for the impact of high wheat prices on the poor, but the story is more complicated than greedy speculators versus needy consumers. For one thing, consider this statistic: While speculators were betting on higher wheat prices in the spring of 2022, they’re betting on lower prices now. Managed funds have had a net short position in wheat futures contracts since July 2022, according to data compiled by the Commodity Futures Trading Commission. That undermines the narrative that they invariably root for higher prices. Ghosh told me that there was no justification for prices to spike in the spring of 2022 because the market was well supplied with wheat.

Persons: Ghosh, —, Vladimir Putin, it’s, ” Scott Irwin, Seth Meyer, ” Organizations: Commodity Futures Trading Commission, University of Illinois, U.S . Department of Agriculture Locations: Russia, Urbana, Champaign, Ukraine

☆ ‘It Was Pretty Miserable’: Planning a Wedding Amid Climate Change
▼ + stars: | 2023-08-19 | by ( Britta Lokting | ) www.nytimes.com time to read: 1 min

When Coy Boggler and Annie Wall started planning their intimate backyard wedding in Phoenix earlier this year, they didn’t know that by July, a record-breaking heat wave would settle over the city for 31 straight days. Mr. Boggler, 47, and Ms. Wall, 41, had rented a tent to keep their guests cool and decided to test it out with three air-conditioning units running, but the temperature inside the tent wouldn’t dip below 93 degrees. “It was pretty miserable,” said Mr. Boggler, a firefighter and paramedic in the Phoenix metropolitan area. The couple were at a loss for what to do when they ran into Chuck Montgomery, a retired deputy fire chief of Glendale, Ariz., and an acquaintance. Mr. Montgomery invited them to move the ceremony to the Hall of Flame Museum of Firefighting in Phoenix, where Mr. Montgomery is the executive director.

Persons: Coy Boggler, Annie Wall, Boggler, Wall, ”, Chuck Montgomery, Montgomery Organizations: of Flame Museum Locations: Phoenix, Glendale, Ariz

☆ Opinion | The Hidden Risk of Getting Paid in Stock Options
▼ + stars: | 2023-08-18 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

You hear two stories about how private companies raise money to grow. One is that the regulations on them are too restrictive, depriving the nation of innovation and jobs. A new study makes a pretty strong case for the “too loose” story, at least in the case of one class of investors: employees of those private companies. You might not think of employees as investors, but they definitely are if they are paid with stock options, warrants or other forms of equity compensation. Employees can be surprisingly uninformed about the value of the stock options they’re granted, even if the options account for a big share of their compensation.

Locations: United States

☆ Opinion | What Trump’s Debate Stunt Says to Republican Voters
▼ + stars: | 2023-08-18 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

Mr. Trump may well be correct to assume he has more to lose than gain from these matchups. They are meant to provide voters with a meaty opportunity to judge their options side-by-side, to listen to them field tough questions, to compare their policies and priorities and visions of leadership. It is all the truer for Mr. Trump, who is dominating the Republican herd. Even with Mr. Trump missing, there will be much awkward talk of him. I’m sorry, but we already watched Mr. Carlson give Mr. Trump a thorough bootlicking back in April, not long before Fox News gave Mr. Carlson the boot, in fact, and it was sad.

Persons: Trump, MAGA, Fox, Chris Christie, Christie, coy, Tucker Carlson, Carlson, Don Jr Organizations: Mr, Republican, The Times, Fox News

☆ Crimean Bridge attack: The moment Ukraine used an experimental drone to strike Russia's Kerch Bridge
▼ + stars: | 2023-08-15 | by ( Nick Paton Walsh Victoria Butenko Florence Davey-Attlee | Nick Paton Walsh | Victoria Butenko | ) edition.cnn.com time to read: +4 min

Dnipro, Ukraine CNN —Ukrainian security services have released to CNN exclusive footage showing the moment in July when they used an experimental sea drone to attack Russia’s bridge to annexed Crimea, providing new details on the attack and warning more such assaults will follow. The attack on July 17 caused damage to the road lanes of the bridge, and, according to Russian officials, killed two civilians. A view of the Crimean Bridge, also known as the Kerch Bridge, the only direct link between Russia and the Crimean peninsula. Maliuk also claimed responsibility for the first Ukrainian attack on the bridge, on October 8, but declined to provide details. He said the July drone attack was the product of months of preparation.

Persons: Vladimir Putin, It’s, Vasyl Maliuk, ”, Olengorskiy, Maliuk, Oleksiy Neizhpapa, “, ” Maliuk Organizations: Ukraine CNN, CNN, Security Service, SIG, Ukraine Security Service, coy, Naval, Reuters “, Ukrainian Locations: Dnipro, Ukraine, Crimea, Russia, Kerch, Crimean, Novorossisk, Ukraine Security Service Ukraine, Moscow, Ukrainian

☆ Moisés Caicedo: The £4.5m bargain who became the most expensive player in British soccer
▼ + stars: | 2023-08-14 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

Moisés Caicedo has been sought after by some of the world’s biggest soccer clubs and it is Premier League side Chelsea who has pried the Ecuadorian away from Brighton. Multiple outlets including Sky Sports and the BBC report that it’s a British record fee of £115 million ($146 million) that Chelsea and Brighton have agreed upon. Mike Hewitt/Getty ImagesAs the transfer fee may suggest, the record-breaking move didn’t come without its fair share of complications. Premier League giant Liverpool believed that it would be the team securing the signing of Caicedo after having a £111 million ($141 million) bid for the midfielder accepted just days ago. Manan Vatsyayana/AFP/Getty ImagesThe 21-year-old will star in Chelsea’s midfield alongside former record British transfer, Argentinian midfielder Enzo Fernández.

Persons: Moisés Caicedo, Mike Hewitt, Caicedo, coy, Jürgen Klopp, Klopp, “, Tony Bloom, Bloom, Manan Vatsyayana, Enzo Fernández, Fernández, Chelsea Organizations: CNN, English Premier League club Brighton & Hove Albion, Ecuadorian, Independiente del Valle, Premier League, Chelsea, Sky Sports, BBC, Brighton, Liverpool, coy Liverpool, ”, Blues, Arsenal, Gunners, Getty, West Ham United Locations: Brighton, Chelsea, London, Instagram, Santa Domingo, Ecuador, “, Qatar, AFP

CNN —With some of the world’s leading soccer players being tempted by the money on offer from Saudi Arabian soccer clubs, the Saudi Pro League’s (SPL) new Director of Football, Michael Emenalo, says the Gulf state is “disrupting the industry, but we are disrupting to enhance. We’re adding value to the industry.”The Saudi Pro League consists of 18 clubs, four of which are 75% owned by the Saudi Public Investment Fund (PIF) – one of the world’s top 10 sovereign wealth funds. Cristiano Ronaldo, N’golo Kanté, Riyad Mahrez and current Ballon d’Or holder Karim Benzema are just a few of players who have joined a variety of SPL clubs over the last few months. That’s true, but there is also a sensible, logical, thoughtful process to making the league better,” said the SPL’s new Director of Football. The new 2023/24 Saudi Pro League season begins on Friday, August 11, with Al-Ahli hosting Al-Hazm.

Persons: Michael Emenalo, Cristiano Ronaldo, N’golo, Riyad Mahrez, Ballon d’Or, Karim Benzema, Emenalo, Germain, Mbappé, Al Hilal’s, coy, ” Emenalo, Darren Lewis, “, that’s, he’s, Jurgen Klopp, Jordan Henderson, Fabinho, Al Ettifaq, Al Ittihad, ”, ” Michael Emenalo, Henderson, – it’s Organizations: CNN, Saudi Pro League’s, Football, Saudi Pro League, Saudi Public Investment Fund, Saudi, Al Hilal, Paris Saint, PSG, SPL, Liverpool, Saudi FA, Al Locations: Saudi Arabian, Gulf, France, Paris, Al Hilal, Saudi, Al, Liverpool, Turkey, Russia, Saudi Arabia, Mahrez, Ahli

☆ Opinion | Will ‘Future You’ Thank ‘Today You’ for Getting Married?
▼ + stars: | 2023-08-09 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Darwin made lists of “marry” and “not marry” scenarios, precisely as one would expect from a great scientist. At the bottom of the page is scrawled, “Marry — Marry — Marry Q.E.D.” Which is Latin for “that which was to be demonstrated,” as if he had demonstrated anything except his own susceptibility to love. Future married you will probably be happy, but he or she is a different person. That said, most married people are thankful to their past single selves for deciding to wed. (I certainly am.) On average, though, I think children grow up best in intact, two-parent households, and married parents are more likely to stay together than cohabiting unmarried ones.

Persons: Paul, Jordan Ellenberg, Russ Roberts, ” Roberts, Charles Darwin, Darwin, “, ”, Andrew Oswald, don’t, they’re, Ezra Klein Organizations: University of Wisconsin, University of Warwick, Research Locations: Britain, United States

☆ Opinion | What G.D.P.’s Cousin Can Tell Us About the Economy
▼ + stars: | 2023-08-07 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

But it would make gross output go up because there’s a new B2B purchase involved. It’s at least conceivable that gross output is a leading indicator of the economy. Gross output adjusted for inflation peaked in the same quarter as gross domestic product in 2007, when the deep recession of 2007-9 began. Skousen has created his own version of gross output that’s even bigger than the government’s because it has even more deliberate double counting. His gross output number for this year’s first quarter was more than $58 trillion at an annual rate.

Persons: Gross, Mark Skousen, Finn Kydland, Skousen, David Ranson Organizations: Chapman University in, HCWE Locations: Chapman University in Orange, Calif, G.D.P

☆ Nienaber admits Springbok World Cup squad selection will be tough
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Aug 5 (Reuters) - South Africa coach Jacques Nienaber faces a difficult few days as he finalises his 33-man Rugby World Cup squad after admitting several fringe players put themselves in contention for selection ahead of Tuesday’s announcement. Constant chopping and changing has been a feature of Springbok sides this season as Nienaber cast his net wide. "We have given 38 players the opportunity to play (in four games) and it is going to be a very difficult squad selection meeting. "We had to get our stuff in order to grind out this victory," Nienaber admitted. "The World Cup will be so close and so tight, where any team can beat any other on the day, so discipline will be a big issue."

Persons: Jacques Nienaber, Nienaber, coy, Nick Said, Pritha Sarkar Organizations: Rugby World, Springbok, Argentina, Pumas, Thomson Locations: South Africa, Buenos Aires, Johannesburg

☆ Opinion | The Unsettled Debate at the Heart of the Henrietta Lacks Case
▼ + stars: | 2023-08-04 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

To an ordinary person, the answer is obviously yes. Lacks, a Black mother of five, was dying of cervical cancer in 1951 when doctors at Johns Hopkins Hospital in Baltimore biopsied tissues from her cervix. Whatever the case, cells from the research sample were later found to be highly valuable because they were the first that could divide indefinitely in a laboratory. And cells are “de-identified,” unlike Lacks’s cells, which are named HeLa to this day. What’s still debated is whether people have a legitimate ownership claim in the first place.

Persons: it’s, Henrietta Lacks, HeLa, What’s Organizations: Johns Hopkins Hospital Locations: Baltimore

☆ Opinion | The U.S. Is Finally Trying to Fix Its Money-Laundering Problem
▼ + stars: | 2023-08-02 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

On Dec. 9, 2021, at the inaugural Summit for Democracy, Treasury Secretary Janet Yellen made a stunning admission: Her country had become the world’s most sought-after shelter for criminals’ money. “In the popular imagination,” she said, according to the prepared text for the virtual event, “the money-laundering capitals of the world are small countries with histories of loose and secretive financial laws. The good news: They’re slowly succeeding. New laws and rules, most of which were in the works before her speech, are stripping away veils of secrecy, making it easier to find and prosecute the bad guys. That’s good for democracy, because nothing corrodes faith in democracy more than the sense that the system is rigged and cheaters prosper.

Persons: Janet Yellen, ”, ” Yellen, They’re, Raymond W, Baker, Democracy — Organizations: for Democracy, “, Democracy Locations: United States

☆ Republicans are still content with Twitter, despite months of tumult under Elon Musk and a bizarre 'X' rebrand
▼ + stars: | 2023-08-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Republicans are still sticking with Twitter, despite the platform's challenges and the "X" rebrand. "He's got a vision that some share, and some don't," Rep. Nancy Mace of South Carolina said of Musk. But even Mace and Vance don't seem to know what to make of the "X" re-brand. "Seems fine, Twitter seemed fine, don't really care." "I didn't really like Twitter before, I don't really like Twitter now," said Rep. Dan Crenshaw of Texas, who described himself as "exhausted" with the platform.

Persons: Sen, JD Vance, Nancy Mace, Elon, Instagram's, —, Musk's, Ohio, Vance, that's, Hunter, He's, Mace, I've, Vance don't, Chip Roy, Roy, Mitt Romney, doesn't, Romney, Pierre Delecto, coy, Dan Crenshaw, Crenshaw, Tom Tiffany, Tiffany, they've Organizations: Twitter, Service, Capitol, Musk's, Caucus, Democratic, Facebook Locations: Wall, Silicon, South Carolina, Texas, Utah, Dan Crenshaw of Texas, Wisconsin

☆ Opinion | The Economic Case for Taxing Star Athletes
▼ + stars: | 2023-07-31 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

OK, it’s time for another round of “Are Star Athletes Overpaid?” I hope to bring some economic theory to bear on this well-worn question. As usual, which side you take will say a lot more about you than it says about the star athletes. It’s never a bad time to argue over athletes’ pay, but now is a particularly good one. The supply of star athletes is extremely limited, so they can demand a high price for their (nonessential) services. (Unless you’re dying of thirst in the desert, in which case you would give a pocketful of diamonds for a single glass of water.)

Persons: It’s, Kylian Mbappé, Tiger Woods, Jaylen Brown, Justin Herbert, Mbappé, Adam Smith, Smith Organizations: The Times, Athletic, Nations Locations: “

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Sam Kerr: the superstar carrying Australia’s hopes on her shoulders
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

CNN —Even as a 15-year-old, Sam Kerr had the weight of a nation on her shoulders. Fast forward to 2023 and Kerr is one of best players in the game and a global star. Kerr has had to wait longer than expected for the honor at this tournament having been forced to miss Australia’s opening two games because of injury. But a surprise defeat to Nigeria in the Matildas’ second group game have left their hopes hanging by a thread. Kerr takes a selfie as she celebrates with her Chelsea teammates after winning the Women's FA Cup in 2022.

Persons: Sam Kerr, Kerr, Alyssa Mautz, ”, Tony Gustavsson, Don Arnold, Tony, it’s, I’m, ’ Kerr, Daniel, Bobby Despotovski, “, ” Despotovski, Nicola Williams, ” Williams, Williams, Mautz, ” Mautz, she’s freakin, ” Kerr, Ryan Pierse, Western New York Flash, Rich Barnes, Vanessa DiBernado, Vanessa, ‘, ’ ”, …, swag, Michael Regan, –, Eddie Keogh, she’s, She’s, soccer’s Organizations: CNN, Australia, Perth Glory, Chicago Red Stars, National Women’s Soccer League, FIFA, reining Olympic, Canada, coy, Sydney Opera House, Getty, Reuters, West Coast Eagles, Australian Football League, Glory, AFL, CNN Sport, Western New York, Sky Blue FC –, NY Gotham FC, Western New York Flash, Perth, Sky Blue, Chelsea, Super League, Red, League, – Chelsea, EA Sports Locations: Canberra, Italy, Australia, Brisbane, New Zealand, South Korea, Nigeria, Western Australia, Chelsea, NJ, Rochester , New York, Perth, Illinois, –, Chicago, London

☆ Opinion | A Smart Way to Turn Gambling Into a Virtue
▼ + stars: | 2023-07-28 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Initially proposed to cope with debt from the Nine Years’ War (1689-97), the Million Adventure offered 100,000 tickets at £10 each. The Million Adventure was also a saving program, in that it paid ticket holders a £1 per year until 1710, or a 6.15 percent annual return. Harold Wilson, then the shadow chancellor of the Exchequer, called Premium Bonds a “squalid raffle,” but the British people rushed to buy them. Today about one in three Britons owns Premium Bonds. It has taken longer for prize-linked savings to catch on in the United States, but it’s happening.

Persons: we’re, Benjamin Franklin, Murphy, Harold Wilson, Truist’s Organizations: American Gaming Association, Sports, Britons, Bonds, InTouch Credit Union of, Yotta Technologies Locations: U.S, United Kingdom, British, Denmark, Ireland, New Zealand, Sweden, United States, InTouch Credit Union of Plano , Texas

☆ Business Is Betting That Consumers Have Gotten Used to High Prices - The New York Times
▼ + stars: | 2023-07-26 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

When companies’ input costs go up for some reason, the prices they charge their customers go up like a rocket. The example most of us can relate to is the retail price of gasoline. At least in the feather scenario, retail prices do go down. Rines said he coined the term “price over volume” in June 2022 to describe how companies were fighting higher costs at the time. “If you’re profit-maximizing you’re going to do that and you should do that,” he told me.

Persons: Samuel Rines, Rines, ” Organizations: “ Locations: U.S, Houston

☆ Spotify’s awkward three-way dance leads to slip-up
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 25 (Reuters Breakingviews) - Spotify (SPOT.N) is caught between the expectations of investors and major music labels. One bullish argument for Spotify’s stock is that higher prices will mean higher margins over time. First, some of Spotify’s customers pay annually, which means the price hike might take a while to come through. He’s locked in a long-term standoff with major labels like Universal Music Group (UMG.AS), which currently grab the overwhelming majority of Spotify’s revenue. In other words, Spotify’s future may be rosier than Ek is willing to let on.

Persons: Daniel Ek, Ek, coy, He’s, Karen Kwok, Liam Proud, Oliver Taslic Organizations: Reuters, Spotify, Universal Music, Twitter, Thales, Thomson Locations: Spain

☆ Beond: the new Maldives airline that's all business class
▼ + stars: | 2023-07-24 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”

Persons: CNN —, –, ”, Sascha Feuerherd, “, Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, – Locations: Maldives, India, ”, Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar

☆ Opinion | Sorry, but I Still Think a Recession Is Coming
▼ + stars: | 2023-07-24 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

More and more economists are dropping their recession calls for the U.S. economy. They are forecasting instead a “soft landing” in which the economy continues to grow, but more slowly. Inflation has come down, lessening the need for the Federal Reserve to cool the economy off with higher interest rates. And the stock market is up, which makes people feel wealthier and in the mood to spend. All that said, I’m sticking with my prediction of a recession.

Persons: “, Paul Krugman, Mark Zandi, Biden Organizations: Times, Federal Reserve, CNN, Republican Locations: U.S

☆ Zelenskyy says the Kerch Bridge 'feeds the war' and that Russia's link to Crimea must be 'neutralized'
▼ + stars: | 2023-07-22 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Ukrainian President Volodymyr Zelenskyy said the Kerch Bridge in Crimea must be "neutralized." Zelenskyy said the bridge is a legitimate military target as Russia uses it to "feed the war." The bridge opened in 2018 and links the illegally occupied Crimean peninsula with Russia. In remarks to the Aspen Security Forum, Ukrainian President Volodymyr Zelenskyy, speaking by video link, said Friday evening that the bridge is a legitimate military target. Zelenskyy described the bridge Friday as "an enemy facility" that was built in defiance of international law.

Persons: Volodymyr Zelenskyy, Zelenskyy, coy, Vladimir Putin Organizations: Service, Aspen Security Forum, Moscow, Kremlin, Associated Press Locations: Kerch, Crimea, Russia, Crimean, Wall, Silicon, Moscow, Ukraine, Russian

☆ Opinion | Why California and Florida Have Become Almost Uninsurable
▼ + stars: | 2023-07-21 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

Wildfires in California and hurricanes in Florida produced lots of claims. The state Office of Insurance Regulation said last year that Florida accounted for 79 percent of the nation’s homeowners insurance lawsuits over claims filed while making up only 9 percent of the nation’s homeowners insurance claims. California is the only state that won’t allow insurers to use rising reinsurance costs to justify rate-hike requests. California’s FAIR Plan, short for Fair Access to Insurance Requirements, is backed by all the insurers licensed to operate in the state. If the FAIR Plan loses money, the state is entitled to assess the private insurers.

Persons: Nancy Watkins, It’s, Rex Frazier, ” Organizations: Howden Tiger, Howden Group Holdings, of Insurance, San, FAIR, Personal Insurance Federation of California Locations: California, Florida, London, Howden, San Francisco

☆ Opinion: ‘Oppenheimer’ is a different kind of movie
▼ + stars: | 2023-07-21 | by ( Opinion Gene Seymour | ) edition.cnn.com time to read: +6 min

Bottom lines are important, especially when billions are at stake, as well as the future of an entire industry. US physicist J. Robert Oppenheimer is often referred to as "the father of the atomic bomb." At once skittish and coy, self-effacing and self-aggrandizing, owlish and sexy, Murphy’s Oppenheimer is, at times, his own kind of super-powered being. A moviegoer unfamiliar with the particulars of the history here might be forgiven for wondering whether Murphy’s Oppenheimer is Obi-Wan Kenobi or Darth Vader. “Robert Oppenheimer can touch us still,” Kempton wrote, “because he was one of the few of those who have lived with the illusion of being history’s conqueror and the fact of being its victim.”I’m there for it.

Persons: Gene Seymour, Gene Seymour Jeremy Freeman, “ Oppenheimer, ”, “ Oppenheimer ”, —, J, Robert Oppenheimer, Murray Kempton, “, “ Michael Corleone ”, Oppenheimer, Cillian Murphy, Christopher Nolan, diffidence, skittish, Murphy’s Oppenheimer, Obi, Wan, Darth Vader, Nolan, that’s, they’ll, “ Robert Oppenheimer, ” Kempton Organizations: The New York Times, Newsday, Entertainment, The Washington, Twitter, CNN, Los Alamos Laboratory, Universal, coy, Manhattan Locations: Manhattan, New Mexico, Hiroshima, Nagasaki

☆ Open Championship: Controversial new par-three 17th hole at Royal Liverpool splits opinion
▼ + stars: | 2023-07-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

It may be the shortest hole on the course, but Royal Liverpool’s par-three 17th hole is already proving a tall order for some players at the 151st edition of the tournament. When Rory McIlroy lifted the Claret Jug in 2014, the 17th hole was a 458-yard par four. General view across the 17th tee as crowds look on during a practice round prior to The 151st Open at Royal Liverpool Golf Club. Though an opening one-over 72 marked a disappointing start to his latest pursuit of a second major, he did birdie the 17th hole. Herbert’s strong start crumbled after his 17th tee drive skewed left to settle at the bottom of the green’s slope.

Persons: –, Lucas Herbert, ” Herbert, Martin Ebert, ‘, ’, Rory McIlroy, it’s, Stuart Franklin, …, ”, Martin Slumbers, “, Cameron Smith, Andrews, Slumbers ’, “ That’s, ” Smith, There’s, ” England's Oliver Wilson, Glyn Kirk, Billy Foster, caddie, Matt Fitzpatrick, ” Foster, ” Fitzpatrick, Fitzpatrick, Stuart Kerr, Pete Cowen, Brooks Koepka, They’ll, ” Cowen, Cowen, Foster, Cowen’s, Koepka, Pete, Kevin C, Cox, Herbert’s, It’s, ” Jordan Spieth, Jon Rahm –, Spieth, ” England’s Jason Day, “ There’s, Matthew Jordan, ” Jordan Organizations: CNN —, Royal Liverpool, 151st, Royal Liverpool Golf Club, TPC, Royal, St, Getty, coy, May’s, CNN, Oak Hill Country, Merseyside Locations: Augusta, It’s, AFP, , New York

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