Ford CEO Announces Profitable K Electric Vehicle in 2 1/2 Years
Business

Ford CEO Announces Profitable $30K Electric Vehicle in 2 1/2 Years

At the Aspen Ideas Festival on Friday, Ford CEO Jim Farley announced that the company plans to launch a $30,000 all-electric vehicle that will be profitable in about two and a half years. Farley provided limited additional details about the vehicle, which is being developed by a specialized team within Ford. He said its main competitors will be Chinese automakers such as BYD and a planned entry-level electric car from Tesla, the leading U.S. electric vehicle maker. Farley said Ford is focusing on smaller electric vehicles rather than larger, all-electric trucks and SUVs, which have historically been the company's main profit drivers. He said larger vehicles "will never be profitable." "To get a profitable electric vehicle, automakers have to make a significant shift. The first thing we ha...
Keith Robinson Talks ‘Having 2 Strokes’ and Making a Netflix Special
Enterteniment

Keith Robinson Talks ‘Having 2 Strokes’ and Making a Netflix Special

“I don’t like ‘aww,’” he told me, referring to the audience’s worried expressions. “I just want to laugh. ‘Aww’ annoys me. ‘Aww’ irritates me.” Robinson doesn’t just brag. He’s concerned enough with cheap approval to make jokes that are designed to alienate, he said. If an audience member doesn’t laugh, point your cane at them and say, “Don’t you like disabled people of color?” A woman once responded by bursting into tears. The club paid for her ticket. With the changes in his movements and speech, Robinson's comedy has a new authority and rhythm. After extensive speech therapy, he can tell jokes, but he has to work harder to make himself understood. "Everything has to be more precise now," he said, comparing his change to that of an athletic quarterback who can get out of trouble by beco...
Rishi Sunak narrowly secures his parliamentary seat
World

Rishi Sunak narrowly secures his parliamentary seat

Rishi Sunak, the outgoing British Prime Minister, has managed to retain his parliamentary seat in North Yorkshire, albeit by a narrower margin than in the previous election five years ago. Sunak won 47.5% of the vote in his constituency of Richmond and Northallerton in northern England. The result was likely a relief to Sunak, who was said to be worried about holding on to his once-safe seat in the run-up to the election. Few in Richmond expected Sunak to be unseated. The Conservative Party has long dominated rural Yorkshire. A defeat would make Sunak the first sitting prime minister to lose his parliamentary seat. “If they put a goat in Richmond as conservative, it would still win,” observed Lawrence Hathaway, 94. “This area has always been conservative.” However, Sunak, a multimillionai...
Manchester City at the back of the fleet after hacking threat to Premier League fair play watchdog
Sports

Manchester City at the back of the fleet after hacking threat to Premier League fair play watchdog

A new chapter in the Premier League's romance with Manchester City and their entire relationship with the financier Fair Play has allayed the concerns of the citizens, a club that finds itself implicated in serious accusations for having apparently ignored the rules set by the organisation when it came to gassing money. On Monday 24 June, a source at The Sun newspaper revealed that the newspaper "had stumbled upon the publication of hundreds of electronic corrections and computer documents by the 'hacker' behind the Football Leaks scandal". Rui Pinto, identified as the hacker who has been part of a text protection program for four years, will have in his hands information collected in thousands of documents that will be between the wall and the sword of Manchester City. The diary reported...
Financial crime watchdog removes Turkey from money laundering ‘grey list’
News

Financial crime watchdog removes Turkey from money laundering ‘grey list’

As the sun sets, a ferry crosses the Golden Horn, with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. The Financial Action Task Force (FATF), an international organization focused on combating money laundering and illicit financial activities, has decided to remove Turkey from its "gray list" of countries requiring special monitoring. The decision, taken on Friday, represents a significant vote of confidence for Turkey in its economic recovery efforts. In its latest report, the Paris-based FATF acknowledged Turkey’s significant progress in enhancing its anti-money laundering (AML) and counter-terrorist financing (CFT) measures. The report commended Turkey for addressing the shortcomings identified in the FATF’s October 2021 monitoring report. The 2021 report hi...
HBC to Acquire Neiman Marcus Group for .65 Billion
Business

HBC to Acquire Neiman Marcus Group for $2.65 Billion

HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for $2.65 billion. The merger will unite two iconic luxury retailers under one roof. The new entity, Saks Global, will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus and Bergdorf Goodman. Richard Baker, CEO of HBC, expressed his excitement about the merger, highlighting the benefits it envisions for customers, partners and employees. He emphasized the potential for technological advances to transform the luxury retail experience. Major leadership changes include Marc Metrick, currently CEO of Saks.com, who will become CEO of Saks Global. Ian Putnam, president and CEO of HBC Properties and Investments, will oversee Saks Global’s real estate and investment businesses, both of which wil...
Concerns Over Biden’s Debate Performance
News

Concerns Over Biden’s Debate Performance

After his State of the Union address in March, President Joe Biden appeared to allay concerns about his abilities at 81. Speaking firmly, he faced down Republican lawmakers who mocked him. However, one Democratic congressman who had shaken Biden's hand that night was troubled by his appearance, describing him as "frail and weak." Biden’s poor performance in a recent debate with Donald Trump has raised questions. Some Democratic lawmakers, who have watched Biden closely, are now questioning his ability to stay in office. They cite memory lapses and inconsistencies noted during his tenure. A significant team of aides surrounds Biden, helping to prevent potential embarrassment. He often uses a shorter ladder to climb onto Air Force One to minimize the risk of falling. No president s...
The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected
Business

The Fed’s key measure shows inflation rose 2.6% in May from a year earlier, as expected

A key economic measure from the Federal Reserve revealed Friday that May's inflation rate was the lowest in three years. A report from the Commerce Department indicated that the Personal Consumption Expenditures (PCE) price index rose by a seasonally adjusted 0.1% for the month and by 2.6% year over year. This annual figure was a slight decline from the April level. Both numbers met Dow Jones expectations. May saw the lowest annual inflation rate since March 2021, marking the first time this economic cycle that inflation has fallen below the Fed’s 2% target. Including food and energy prices, headline inflation remained stable on a monthly basis and increased by 2.6 percent from a year earlier, in line with expectations. "This is further evidence that monetary policy is working and that in...
“House of the Dragon” Season 2 Episode 3 Recap: A Deep Dive
Enterteniment

“House of the Dragon” Season 2 Episode 3 Recap: A Deep Dive

Did Alicent actually believe that Viserys's final words were about her son, or was she simply interpreting them in a way that suited her own wishes? (And, more critically, should a serious drama base its central conflict on a misunderstanding more suited to a sitcom? Resolving that question at this point may be beyond the scope of this summary.) Rhaenyra's brave secret return to King's Landing, aided by Mysaria, to face her arch-enemy-friend sets the record straight. Alicent is convinced that Viserys means Aegon. Rhaenyra, for her part, truly believes that Alicent holds this belief. But when the Queen Mother mentions the Conqueror's "A Song of Ice and Fire," Rhaenyra sees the mistake and tries to explain... only to have Alicent dismiss it, even though he seems to know, deep down,...
Silence on Chinese doping scandal, except abroad
World

Silence on Chinese doping scandal, except abroad

In recent years, as Chinese athletes have been accused of doping, the Chinese government has mobilized its vast propaganda apparatus, including state-run newspapers, television commentators and social media accounts, to defend the accused and deflect criticism away from its sports system. Yet the recent revelation that 23 elite Chinese swimmers tested positive for a banned substance ahead of the 2021 Olympics has been met with an unusual response from China: near silence. While the scandal is hotly debated abroad, including in congressional sessions, Chinese media have largely limited their coverage to scant official statements. Online discussions of the controversy have been heavily censored, a level of suppression typically reserved for highly sensitive political issues. This shift in s...