Red Sea Shipping Halt Is Latest Risk to Global Economy
Business

Red Sea Shipping Halt Is Latest Risk to Global Economy

The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — are injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions.The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.As if that weren’t enough, more volatility lies ahead in the form of a wave of national elections whose repercussions could be deep and long. More than two billion people in roughly 50 countries, including India, Indonesia, Mexico, South Africa, the United Stat...
Suit Against Twitter Over Unpaid Bonuses Gets Go-Ahead From Judge
Technology

Suit Against Twitter Over Unpaid Bonuses Gets Go-Ahead From Judge

A federal judge on Friday gave the go-ahead to a lawsuit against the social media company X, formerly known as Twitter, in which workers claim that the company promised but never paid millions of dollars in bonuses.In June, Mark Schobinger, a former senior director of compensation for Twitter who lives in Texas, sued the company, claiming breach of contract under California law. The company has its headquarters in San Francisco.Mr. Schobinger said that both before and after the billionaire Elon Musk bought Twitter last year, the company had orally promised employees 50 percent of their 2022 targeted bonuses if they stayed with the company in the first quarter of 2023. However, the bonuses were never paid, according to the suit.Mr. Schobinger filed the suit on his own behalf and on behalf o...
Golf with a purpose: How The Park dared to be different
Sports

Golf with a purpose: How The Park dared to be different

WEST PALM BEACH, Fla. — It’s lunchtime on a mid-November Saturday afternoon and the word of the day is eclectic. I’ve just finished my morning round at The Park with a three-putt for par on the forgiving 18th hole, and I saddle up at the cabana, the bar/small bites stand strategically located at the front of the property.A foursome that was a few holes ahead of me is heading off to their vehicles — while allowing for their anonymity, let’s just say they can be members anywhere they want to be in the golf-rich West Palm Beach/Jupiter area. Making the turn to the back nine are the bros wanting to chase down their transfusions with High Noons. Though they represent very different ends of the Saturday golfer spectrum, you recognize both groups as what a golfer “looks” like.But the cabana occup...
Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion
Health

Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion

Bristol Myers Squibb, the global pharmaceutical giant, said on Friday that it would acquire Karuna Therapeutics, which makes drugs to treat schizophrenia and Alzheimer’s, in an all-cash deal valued at $14 billion as it looks to strengthen its pipeline of neuroscience drugs.Bristol Myers said in a statement that it would pay $330 per share in cash, a premium of roughly 53 percent to Karuna’s share price on Thursday.An increasing prevalence of schizophrenia, driven in part by an aging population, has led to a push to make more drugs to treat it. The market for such therapies is estimated to grow to $12.6 billion by 2032, according to the research firm Market.Us. Earlier this month, the biomedical company AbbVie bought Cerevel Therapeutics, which develops drugs to treat psychiatric and neurol...
The Best of Canada in 2023
World

The Best of Canada in 2023

Read: The 10 Best Books of 2023Best TV ShowsNathan Fielder, the Canadian actor known for his deadpan delivery, is back with a dark comedy called “The Curse.” Here’s a trailer. It’s streaming on Paramount+ Canada. (Mr. Fielder was an executive producer on “How To With John Wilson,” another show that critics say is worth your time.)Read: Best TV Shows of 2023Best Movies“Past Lives,” the debut film by the South Korean-Canadian director Celine Song, is “an examination of destiny, chance, love and the invisible thread that binds one soul to the next,” writes Alissa Wilkinson, a movie critic at The Times. (I enjoyed watching this film at the TIFF Bell Lightbox in Toronto, which has made it available for rent. You can also catch it on streaming platforms in Canada.)An honorable mention on the lis...
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Business

Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled

Over the past two weeks, the owner of a hip wine bar in Buenos Aires saw the price of beef soar 73 percent, while the zucchini he puts in salads rose 140 percent. An Uber driver paid 60 percent more to fill her tank. And a father said he spent twice as much on diapers for his toddler than he did last month.In Argentina, a country synonymous with galloping inflation, people are used to paying more for just about everything. But under the country’s new president, life is quickly becoming even more painful.When Javier Milei was elected president on Nov. 19, the country was already suffering under the world’s third-highest rate of inflation, with prices up 160 percent from a year before.But since Mr. Milei took office on Dec. 10 and quickly devalued the Argentine currency, prices have soared a...
Substack Says It Will Not Ban Nazis or Extremist Speech
Technology

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came weeks after The Atlantic found that at least 16 Substack newsletters had “overt Nazi symbols” in their logos or graphics, and that white supremacists had been allowed to publish on, and profit...
No Hit League? The ‘lost art’ of body checking in the NHL
Sports

No Hit League? The ‘lost art’ of body checking in the NHL

Seventeen years and more than 1,200 games ago, Andrew Cogliano remembers how difficult it was to traverse the state of California.The Los Angeles Kings, Anaheim Ducks and San Jose Sharks were three of the biggest, heaviest teams in the league. If you had to play all three in succession? Well, good luck. Not only were those teams willing to play a punishing brand of hockey, but they were all highly skilled and generally successful, too.After a few years in Edmonton where he broke into the league, Cogliano was dealt to the Ducks as a free agent in the summer of 2011 and was part of a team that qualified for the playoffs in six straight seasons from 2012-13 through 2017-18. Those California road trips became regular intrastate battles. And they were vicious.“My first couple years in Anaheim, ...
How Tongue Tie and Lip Tie Surgery Became a Big Business
Health

How Tongue Tie and Lip Tie Surgery Became a Big Business

Later in 2020, Ms. Lavelle also complained to the board, describing how she had been traumatized by her daughter’s tongue-tie release.The lactation board, which reports its disciplinary decisions, has not taken action against Ms. Henstrom. A spokeswoman for the board, Susan Brayshaw, declined to comment on the complaints, citing a policy of confidentiality. “Some complaints take significantly longer than others due to the nature of the allegations and related investigations,” she said.Since 2002, the board has revoked the certifications of only three lactation consultants.Ms. Lavelle also filed a complaint against Dr. Zink with the Idaho board of dentistry. The board collected medical records and statements from Ms. Lavelle and Dr. Zink. Dr. Zink told the board that June’s procedure was “u...
A Cold War Era Dispute Between Venezuela and Guyana Complicates U.S. Relations
World

A Cold War Era Dispute Between Venezuela and Guyana Complicates U.S. Relations

It was the depths of the Cold War in the 1960s, and Caracas was on edge.Marxist guerrillas in Venezuela were getting weapons and training from Cuba’s Fidel Castro. Along Venezuela’s eastern border, anticolonial leaders in what was then British Guiana were agitating for independence.Alarmed that a Guyanese leader could create a Cuban beachhead in South America, Venezuela’s staunchly anti-Communist president, Rómulo Betancourt, came up with a strategy, which blunted the independence push: At the United Nations, his government resurrected a long-festering claim to more than half of Guyana’s territory.Now the dispute over Essequibo — an oil-rich, Guyanese region nearly the size of Florida — has flared back to life. This month, Venezuela’s president, Nicolás Maduro, unveiled new maps displaying...