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The Kansas City Chiefs, the NFL's current dynasty, are only the 18th most valuable team in the league at $6.07 billion, according to CNBC's Official 2024 NFL Team Valuations. The bulk of a team's revenue in a given season comes from the ballooning media rights fees that the NFL charges for its games. Contrast that with leagues like the NBA and NHL, where clubs receive a much bigger cut of playoff ticket revenue. Stadium ownership and operating rights are also a lucrative source of revenue for NFL teams. Perennial playoff teams can also be more attractive to sponsors because they can almost guarantee that thousands of additional people will be in their stadiums every year.
Persons: Jerry Jones, Jones, Lamar Hunt, Organizations: NFL, Kansas City Chiefs, New York Jets, Denver Broncos, Chiefs, NBA, NHL, Dallas Cowboys, T, Jackson, Sports, Authority, Cowboys, Los Angeles Rams, Las Vegas Raiders, Baltimore Ravens Locations: Arrowhead, Jackson County , Missouri
The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.
Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, , China, Germany, Japan
New York CNN —A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. “The effectiveness of this playbook should not be underestimated,” Sulzberger wrote. “I believe the risk is shared by our entire profession, as well as all who depend on it,” he wrote. The collaboration makes a clear statement about the importance of solidarity in the face of existential threats to press freedom. “They’ve been a great partner on the cause of press freedom over many decades and it’s great to see that tradition continue.”
Persons: New York CNN — A.G, Sulzberger, authoritarians, Donald Trump, Trump, , , ” Sulzberger, , “ I’m, “ They’ve Organizations: New, New York CNN, New York Times, Times, Washington Post, Hungary —, Columbia, Trump’s, Post Locations: New York, Hungary, India, Brazil
Last week, NFL team owners voted to allow an initial group of private equity firms to acquire up to a 10% stake of a franchise. "This isn't a case where private equity is going to come in and have influence on the franchise." Private equity has been eager to take stakes in sports as team valuations rise, mainly due to ballooning media rights deals. As investors, private equity firms often take management and board roles. Private equity investments typically have a set duration — it can range from three to seven years in many cases — and an expected return.
Persons: Ric Tapia, Steve Pagliuca, Shirin Malkani, Perkins, Anthony Mulrain, Toney, Angela Weiss, Michael Considine, Ellis, Jimmy Haslam, Mulrain, Eric Washington, Robin Alam Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, National Football League, Bain Capital, CNBC, Washington, Denver Broncos, Carolina Panthers, Holland, Kansas City Chiefs, Philadelphia Eagles, Farm, Afp, National Basketball Association, Major League Baseball, National Hockey League, Major League Soccer, Kirkland, Cleveland Browns, Knight's, Buffalo Bills, Microsoft Locations: Houston, U.S, Glendale , Arizona, Holland
Every jobs number moves markets now In the meantime, every data point on jobs is a potentially market moving event. Nvidia's multiple is falling, not its earnings Meanwhile, there was much gnashing and wailing around Nvidia 's big 9% drop yesterday. Nvidia lost $279 billion in market value Tuesday. The forward multiple for Nvidia's next fiscal year (February 2025-February 2026) is 28.8, well below the 36 multiple in June. While Nvidia is certainly not a value stock, it is much more reasonably priced than it was two months ago.
Persons: Goldman Sachs, you've, they've, Tom Lee, Fundstrat, Joe Zicherman, Big, CNBC's Robert Hum Organizations: Citigroup, Bulls, CNBC, Nvidia, Meta Locations: China
A new study suggests layoffs can lead to cyberattacks from disgruntled employees. A new study suggests they may also fuel a desire for revenge, which could put companies at risk of a cyberattack. Tran discussed what companies should know about the connection between layoffs and cybersecurity breaches and how organizations can minimize their risk. Being proactive and emphasizing ethical conduct and data security during layoffs could reduce the risk of data breaches in those situations. What aspect of layoffs and data breaches do you plan to study next?
Persons: Thi Tran, , Binghamton University Tran, Tran, We'll Organizations: Service, Binghamton University, Pacific Asia Conference, Information Systems Locations: Vietnam
Governor Tim Walz delivers remarks at the Milwaukee Area Labor Council's Laborfest 2024 on September 2nd, 2024 at the Summerfest Grounds, in Milwaukee, Wisconsin. Tim Walz, Minnesota has expanded union protections, approved over $1 billion in housing resources, enacted universal paid family and medical leave, funded free school lunches, hiked corporate taxes and more. "It's a roadmap for sure," Amy Koch, a Republican strategist who formerly served as a Minnesota state senator, told CNBC. Already, several of the economic priorities of the Harris campaign mirror policies that were championed by Walz in Minnesota. Tim Walz listens to homeless constituents after being elected to his first term in 2018.
Persons: Tim Walz, Sara Stathas, Harris, Walz, I've, Bernie Burnham, Kamala Harris, Amy Koch, Kevin Lamarque, Joe Biden's, Gabby Giffords, Brian Snyder, Jeff Hayden, Hayden, Elianne Farhat, Mills, Bauer, Griffin, Doug Loon, Loon, Burnham, Charles Lutvak, Monica Nilsson Organizations: Milwaukee Area Labor, Washington Post, North Star State, Minnesota AFL, CNBC, Democratic Gov, Republican, Democratic, Minnesota, Reuters, Child Tax, Farmer, Labor, DFL, Senate, House, Minnesota Democrats, Fortune, Target, AaronP, Minnesota Chamber of Commerce, Minnesota Gov, Minnesota Housing Locations: Milwaukee , Wisconsin, Minnesota, Tim Walz , Minnesota, Minnesota . U.S, U.S, America, Minnesota's, Minneapolis , Minnesota, UnitedHealth
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. We ripped up the playbook two years ago," said Jenny Storms, chief marketing officer of entertainment and sports at NBCUniversal. The 2021 Tokyo Olympics and 2022 Beijing Olympics drew the lowest-ever audiences for Summer and Winter Games, respectively. But notably the strategy for Peacock during those Games appeared to be the biggest misstep. "We made a claim that Peacock would be the home of the Olympics, and we didn't exactly deliver," said Mark Lazarus, chairman of NBCUniversal Media Group.
Persons: Mike Tirico, Comcast's NBCUniversal, Jenny Storms, Storms, Peacock, Mark Lazarus Organizations: NBCUniversal, Games, NBC, Olympic, U.S, Beijing, Olympic Games, Olympics, NBCUniversal Media Locations: Paris, France, Tokyo, Asia, Beijing
How Elon Musk’s endorsement of Trump may have backfired
  + stars: | 2024-09-01 | by ( David Ingram | ) www.cnbc.com   time to read: +4 min
Tesla and SpaceX CEO Elon Musk listens to President Donald Trump during a meeting with business leaders in the State Dining Room of the White House in Washington, Feb. 3, 2017. "They want to make Trump, Elon and people like them look like plutocrats," he said. "Elon Musk created the opportunity that Donald Trump took to unmask himself as rabidly anti-union, and he did that by praising Elon Musk's anti-union, union-busting perspective and endorsing the idea of illegally firing striking workers," he said. Harris, who is not related to Kamala Harris, said he views Musk's endorsement as a net negative. "No one views Elon Musk as a voice of the middle class," he said.
Persons: Tesla, Elon Musk, Donald Trump, Evan Vucci, Brendan Steinhauser, Mitt Romney, Steinhauser, Musk, Trump, Chip Somodevilla, Seth Harris, Joe Biden, Elon Musk's, Harris, Kamala Harris, David Nasaw, William Randolph Hearst, Andrew Carnegie, Nasaw, Franklin D, Roosevelt, Biden, Hearst Organizations: SpaceX, White, AP, Trump, Elon, Republicans, National Labor Relations Board, Labor, NLRB, Teamsters, Republican, International Brotherhood of Teamsters, Getty, Burnes Center, Social, Northeastern University, Hearst Locations: Washington, Texas, Michigan, Washington ,
Democratic presidential nominee and U.S. Vice President Kamala Harris and vice presidential nominee Tim Walz walk down the steps from Air Force Two at Savannah/Hilton Head International Airport in Savannah, Georgia, U.S., August 28, 2024. Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on immigration and blamed her Republican rival Donald Trump for killing a bipartisan bill aimed to address the U.S.-Mexico border. "He killed the bill, a border security bill that would have put 1500 more agents on the border," she said. Harris vowed to sign that bill into law if she beats Trump in the Nov. 5 election. The vice president picked two hot-button issues to illustrate her point.
Persons: Kamala Harris, Tim Walz, Donald Trump, Harris, Dana Bash, Joe Biden, Trump, Walz, Sen, JD Vance, Thursday's, Bash, you've Organizations: Democratic, U.S, Air Force, Savannah, Hilton Head International, Republican, CNN, Minnesota Gov, Trump, Kim's, National Association of Black Journalists Locations: Savannah , Georgia, U.S, Mexico, Ohio
The NFL's cybersecurity playbook
  + stars: | 2024-08-27 | 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 EmailThe NFL's cybersecurity playbookBinary Defense’s David Kennedy and Brandon Covert, Cleveland Browns vice president of information technology, join 'Power Lunch' to discuss how NFL teams are ramping up cybersecurity to protect themselves against growing cyber threats and ransomware attacks.
Persons: David Kennedy, Brandon Covert Organizations: Cleveland Browns, NFL
Back in 2008, the Obama campaign made an unprecedented effort to target young voters. In critical swing states like Pennsylvania and Nevada, young voters were more likely to report being contacted by the Obama campaign than older voters were. The issues that fire up young voters are increasingly out of step with the interests of an older, more moderate electorate. Young women have grown more liberal, and young men have become noticeably more sympathetic to the GOP. Related storiesSo to court America's young voters, Harris needs to appeal to their desire for something new.
Persons: Kamala Harris, Tamara Keith, Harris, Obama, Joe Biden, Gen, They're, Zers, Gen Z, Hunter, Trump, David Shor, Young, Biden, she's, Hillary Clinton's, , Hillary Clinton, Joe Biden's, Harris doesn't, Tim Walz, Melanie, Camilla Harrison, hadn't Organizations: NPR, Obama, Democratic, Democrats, Pew Research Center, Trump, Gallup —, Pew, Democratic Party, Politico, Younger Democrats, GOP, Wall Street, New York Times, Monmouth University, Democratic National Convention, The New York Times, Biden Locations: Iowa, Pennsylvania, Nevada, American, Michigan, Siena, Florida
Harris called for ending taxes on tips while rolling out a series of populist economic proposals last week, echoing a policy Trump already supported. The vice president pointed to Trump’s opposition to a bipartisan border security and immigration bill, which turned Republicans against the measure. Vice President Kamala Harris gestures as she steps from Air Force Two upon arriving at Joint Base Andrews, Maryland, on August 23, 2024. As the sitting vice president, Harris’s response to an economic calamity or foreign crisis would be closely scrutinized. The spokesperson also said there have been more than 1,000 sign-ups for Students for Harris chapters across the country since the launch of Harris’ campaign.
Persons: Kamala Harris, Donald Trump, Joe Biden, Harris, eyeing, Trump, Robert F, Kennedy Jr, who’s, ” Kennedy, Biden, showdowns, I’m, Hawaii Democratic Sen, Brian Schatz, , ” Harris, , she’s, ‘ We’re, ’ She’s, Ohio Sen, JD Vance, Kamala, mispronounced Harris ’, Harris ’, fumed, he’s, ” Trump, La Capra, Julia Nikhinson, let’s, familiarizing, , Kevin Lamarque, Tulsi Gabbard, Gabbard, Jen O’Malley Dillon, Austin Steele, Quentin Fulks, Tim Walz, Joshua Martin, Rebecca Wright, Pinar Yildirim, Deja Foxx, “ Young, Brian Kemp, Kemp, Vance, Trump’s, ” Vance, Sean Hannity, “ We’re, ” Kemp, “ Kamala Harris, Wisconsin . Ohio Sen, Marco Bello, Walz, ” CNN’s Ted Barrett, Kate Sullivan, Kristen Holmes, Ali Main, Aaron Pellish, Alejandra Jaramillo, Priscilla Alvarez Organizations: CNN, Democratic National Convention, Trump, Democratic, ABC, Hawaii Democratic, Republican, Biden, Social Security, Air Force, Joint Base Andrews, Reuters, Union, Hawaii Rep, United Center, MSNBC, United, Minnesota Gov, Convention, University of Pennsylvania, Facebook, Harris, Georgia Gov, Georgia Republican, Party, GOP, Fox News Locations: Arizona, Trump, Glendale, Hawaii, Chicago, Ohio, Georgia, Nevada, Las Vegas, Mexican, North Carolina , Nevada , Arizona, Wisconsin , Michigan, Pennsylvania, Joint Base Andrews , Maryland, California, Chicago , Illinois, Washington, Asheboro, United States, Wisconsin . Ohio, Kenosha, Kenosha , Wisconsin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall caps have a long room to run, says Gabelli Funds' Kevin DreyerKevin Dreyer, Gabelli Funds co-CIO, joins 'Closing Bell' to discuss his playbook for stocks.
Persons: Kevin Dreyer Kevin Dreyer Organizations: Gabelli
London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.
Persons: , Margrethe Vestager, , ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, , International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego
Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.
Persons: , you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking
On Thursday, traders get the latest reading on the state of the consumer with retail sales data for July. Hot CPI and inline retail sales (up 0.1% to 0.5%) — JPM believes that a hot CPI print and retail sales matching expectations could fuel "stagflation risks." Expect the S & P 500 to gain and Nasdaq and Russell to perform similarly. Inline CPI and cool retail sales — How much equities move in this outcome depends on the magnitude of the downside surprise in retail sales. In this scenario, traders expect a broadening in the market that includes the S & P 500 gaining.
Persons: Dow Jones, Jerome Powell, Jackson, — JPM, Russell, JPM Organizations: Federal, JPMorgan, CPI, Wall, Federal Reserve, Bank of, Nasdaq, Russell
The era of freeloading is officially over
  + stars: | 2024-08-12 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
But thanks to the fine-tuning of the tech that Corporate America uses to police subscriptions, those freeloading days are over. Costco and Disney this month took a page from the Netflix playbook and announced they are cracking down on account sharers. Disney’s streaming business — Disney+, Hulu and ESPN+ — only became profitable in the second quarter this year. Like Netflix, Costco is betting that you’re already emotionally invested in the routine and the satisfaction of getting a closet’s worth of toilet paper that can last the whole year. Last year, the store reported $4.6 billion in revenue from membership fees, and that accounts for the majority of its profit.
Persons: CNN Business ’, they’d, It’s Organizations: CNN Business, New York CNN, Thought Police, Costco, Netflix, America, Disney, Wall Street, Amazon, Apple, HBO, YouTube, Hulu, ESPN, Costco there’s Locations: New York
The European private equity firm had been eyeing the late-stage startup for five years, impressed by its traction and focus on customer success. The speed of the deal, and the flashy multiple, illustrate how private equity funds are able to swallow startups more often lately. But in the face of rising inflation and interest rates, software customers from tech startups to mom-and-pop shops trimmed their budgets. Andreessen Horowitz plans to invest in the private equity asset class through its family office division. With high interest rates and a liquidity crunch reshaping the landscape, private equity is seizing the moment.
Persons: , Scott Arnold, AuditBoard, Michael Brown, They're, Brown, Derek Hernandez, Aaron Fleishman, Fleishman, they're, Thoma, Yoni, Rechtman, it's, Catalyst, Andreessen Horowitz Organizations: Service, Business, Battery Ventures, Battery, Tola Capital, Thoma Bravo, Vista Equity Partners, Slow Ventures, Eldridge Industries, Sequoia Locations: Southern California, VCs, Big Tech, Metropolis, North America
A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.
Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia
I prosecuted them in case after case, and I won.”A day earlier, the Harris campaign released a television advertisement highlighting her pivot. Her stance reflects a change in public opinion since Mr. Trump left the White House in 2021. The decision for the Harris campaign to frame her record as California attorney general as a “border-state prosecutor” stands in contrast to how she ran in the 2020 Democratic primary. “Donald Trump tanked the deal,” Ms. Harris said in Arizona as a crowd of more than 15,000 supporters booed. “Voters want to see folks be serious about actually fixing the broken immigration system and securing the border,” Ms. Cox said in an interview.
Persons: Kamala Harris, Biden’s, Harris, Donald J, Trump, , Ms, , Bill Clinton, Biden, Mr, ” —, Kamala, Chris DeRose, ” Mr, DeRose, “ There’s, “ Donald Trump, ” Ms, ” Jen Cox, Mark Kelly, Cox, Tom Suozzi, Suozzi, ” Harris, Mike Madrid, Harris’s, Obama, Madrid, Donald Trump, ” Michael Gold, Reid J, Epstein Organizations: Republicans, Democratic, Republican, White House, Biden, Trump, America, Democrats, Mr, , Democrat Locations: Arizona, U.S, United States, California, , Montana, Maricopa County, New York, Bozeman, Mont, Washington
Brian Kemp has shown Republicans how they win in the increasingly purple swing state. I just want them to do their job for Georgia," Trump said of the Kemps during an August 3rd rally in Atlanta. But Trump's renewed feud with Kemp illustrates how, at any moment, the former president can harm his own standing. Unlike Harris, Trump is relying far more on outside groups to push the type of canvassing and get the out efforts expected of a presidential campaign. On Friday, Kemp offered another olive branch while jokingly comparing Trump to Tropical Storm Debby, which slammed the state.
Persons: , Brian Kemp, Donald Trump, Kemp, Marty Kemp, Joe Biden, Trump, Kamala Harris, Harris, Harris wasn't, He's, Sen, Lindsey Graham of, It's, Brian Kemp's, Erick Erickson, hasn't, Cook, Stacey Abrams, Erickson, Kemp didn't, couldn't, wouldn't, Debby Organizations: Service, Business, Trump, Gov, Fox, White House, State, White, Electoral, AARP, Georgia, Democratic, Republican, Republicans, Georgia's, Mar, Tropical, Senate Locations: Georgia, Atlanta, Lindsey Graham of South Carolina, Nevada, Arizona
For weeks, Republicans have pummeled Vice President Kamala Harris on immigration, blaming her for President Biden’s policies at the border. Now, Ms. Harris, the Democratic presidential nominee, is seeking to neutralize that line of attack, one of her biggest weaknesses with voters, running a playbook that Democrats say has worked for them in recent elections and staking out her clearest position yet as a tough-on-crime prosecutor focused on securing the border. “I was attorney general of a border state,” Ms. Harris, who was once California’s top prosecutor, said on Friday at a rally in Arizona, a swing state where immigration is a top concern for voters. “I went after the transnational gangs, the drug cartels and human traffickers. I prosecuted them in case after case, and I won.”
Persons: Kamala Harris, Biden’s, Harris, Donald J, Trump, , Ms, Organizations: Republicans, Democratic, Republican Locations: U.S, Arizona
It was meant to be another night of violence at the hands of the far right. “It shows that when everyone comes out to support, their numbers dwindle.”Large crowds gathered at an anti-racism protest in Walthamstow on Wednesday, where far-right violence had been expected. The fury simmering in a subset of White Britain remains a live danger; these riots were shocking, but not entirely surprising. “I normally walk through this city center all the time,” Nadeem Akhtar, 18, told CNN in the northern English city of Sheffield, where angry riots took place. Tommy Robinson, the figurehead of Britain’s far right, was reinstated to X (then Twitter) days after Elon Musk bought the platform.
Persons: ” Ahmed Hussain, ” Nadeem Akhtar, don’t, , ” Jesse Bernard, , we’ve, Ian Forsyth, disruptors, Tommy Robinson, Elon Musk, Robinson, Justin Tallis, provocateur Laurence Fox, Fox, Starmer, Keir Starmer, Musk, Keir ” –, ” Paul James McDermott, , ” McDermott Organizations: London CNN, Police, CNN, Reuters, Elon, Getty, Britain’s, Downing Locations: Walthamstow, London, Britain, English, Sheffield, Middlesborough, Bristol, British
Protesters rallied outside Bulgaria’s parliament on Thursday to denounce a controversial legal amendment adopted the day before that bans talk of LGBTQ and so-called nontraditional sexual choices in schools. The amendment bans the “promotion, popularization and support of ideas and opinions related to non-traditional sexual orientation or sexual identification other than biological” in schools. Protesters rally outside Bulgaria's parliament on Thursday in Sofia, Bulgaria. Bulgaria has also declined to ratify the Istanbul Convention on preventing violence against women, because of widespread belief it means to promote LGBTQ rights. European rights groups, like the Belgium-based Forbidden Colors, condemned the legislation as an assault on the fundamental rights of LGBTQ individuals, particularly children.
Persons: Michaela Vatcheva Organizations: European Union, Protesters, Bloomberg, Getty, Union Locations: Bulgaria’s, Bulgaria, Russia, Russian, Bulgaria's, Sofia, Istanbul, Belgium, Hungary, Bosnia, Moldova, Turkey
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