The U.S economy muddled through a spate of high inflation, with employment staying strong last year despite inflation rising to a 40-year high. Now, markets are signaling that the muddle is ending and something worse is replacing it. The Federal Reserve, the markets’ BFF during much of the last decade, is now more like a frenemy. On Sept. 21, the Fed raised interest rates by three-quarters of a percentage point, as expected. It also signaled more aggressive rates hikes ahead. This is the… Source link
Read More »Lions’ African American coaches have been stars of ‘Hard Knocks’ — and it could earn them bigger opportunities
The coaching star of HBO’s “Hard Knocks” this season was supposed to be Detroit Lions head man Dan Campbell, he of both the equally oversized frame and personality. The gravelly voice. The unpredictable twists in his speeches. The willingness to do up-downs with the players. The guy is, unquestionably, a unique force of personality that producers must have hoped would somehow make a three-win team for a franchise with one playoff victory in 65 seasons worth watching. And Campbell has… Source link
Read More »By Sue Robinson’s own findings, it’s hard to feel Deshaun Watson’s conduct was ‘non-violent’
Imagine you’re at an ATM near your home. You’re headed to your niece’s high school graduation party and want to put some cash in her card. As soon as you let go of the door of the bank lobby and step back onto the sidewalk, you’re approached by a larger, imposing person who demands the money you just withdrew. You comply, and they run off. Your heart is pounding in your ears, your hands are shaking. Police find the robber, and when the robber is in front of a judge, you find out not… Source link
Read More »Bruce Willis Returns To Nakatomi Plaza From ‘Die Hard’ In Poignant Social Media Post
In his 1988 action film classic Die Hard, Bruce Willis as Detective John McClane made a vow. “I promise I will never even think about going up in a tall building again.” Well, so much for that cinematic vow. Thanks to his wife, Emma Heming Willis, the 67-year-old actor was captured on Instagram in his return to Nakatomi Plaza in Century City, Calif., aka the Fox Plaza building in real life. The film, which has been endlessly replayed on TV over the years, shows McClane’s efforts to take… Source link
Read More »Metals Haven’t Crashed This Hard Since the Great Recession
(Bloomberg) — Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years. Most Read from Bloomberg It’s a dramatic reversal from the past two years, when metals surged on a wave of post-lockdown optimism, inflationary… Source link
Read More »Steve Kerr celebrated hard after Warriors win: ‘I’m hungover’
Golden State Warriors coach Steve Kerr knows what it’s like to win a championship in the NBA. After winning five as a player, Kerr picked up his fourth championship as a coach Thursday, giving him nine championship rings. If his comments Friday were any indication, celebrating championships doesn’t get old. [Warriors championship gear: Buy the newest shirts, hats and other memorabilia] Kerr admitted he partied pretty hard following his fourth championship with the Warriors. Upon landing back… Source link
Read More »Recession will be ‘hard to avoid’ as stagflation risks rise
The World Bank warned Tuesday that the global economy faces the risk of dreaded “stagflation,” with this combination of high inflation and low growth tipping some countries into recession. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid,” said World Bank President David Malpass. In its updated Global Economic Prospects report, the World Bank slashed its forecast for… Source link
Read More »‘Everything is gone’: Russian business hit hard by tech sanctions
Russian companies have been plunged into a technological crisis by western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment and the hardware needed to power the nation’s data centres. Most of the world’s largest chip manufacturers, including Intel, Samsung, TSMC and Qualcomm, have halted business to Russia entirely after the US, UK and Europe imposed export controls on products using chips made or designed in the US or Europe…. Source link
Read More »Elon Musk said working from home during the pandemic ‘tricked’ people into thinking they don’t need to work hard. He’s dead wrong, economists say.
Elon Musk at the 2022 Met Gala.Andrew Kelly/Reuters Elon Musk said Covid-19 lockdowns “tricked people into thinking that you don’t actually need to work hard.” Working from home didn’t make workers less productive, three economists told Insider. The only constraint on productivity was when workers had children at home they needed to look after. Elon Musk is not a fan of remote work. In the early hours of Wednesday, Musk commented on a tweet which appeared to show an email from himself to Tesla… Source link
Read More »The Murena One shows how hard it is to de-Google your smartphone
An Android phone without Google. No Google apps, no Google Play Services, no peppy Google Assistant. No Google surveillance and data snooping, no incessant ad targeting, no feeling like privacy is a pointless exercise. Some companies, like Huawei, have been forced to figure out how to build this kind of device. A few others have tried for the sake of maintaining your privacy and as a way to fight back against the tyranny of Big Tech. None of it has ever really worked. The team at Murena… Source link
Read More »