Saturday, April 20

Author: Ricardo M. Roper

Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.
Business

Soft Landing or No Landing? Fed’s Economic Picture Gets Complicated.

Associated media - Related media Mr. Biden said on Wednesday that he stood by his prediction that the Fed would lower interest rates this year — an unusual comment from a president who usually avoids talking about Fed policy out of respect for the central bank’s independence from the White House. “This may delay it a month or so — I’m not sure of that,” Mr. Biden said. Many Fed watchers think today’s high rates could persist for considerably longer. Many economists and investors previously expected rate cuts to start in June or July. After this week’s inflation report, investors increasingly see rate cuts starting in September or later. Blerina Uruci, chief U.S. economist at T. Rowe Price, noted that the longer inflation flatlined, the more it could delay rate cuts: Officials are lik...
The Worst Part of a Wall Street Career May Be Coming to an End
Business

The Worst Part of a Wall Street Career May Be Coming to an End

Related media - Linked media If they persevere, they move up the ranks to associate, then director and managing director; a handful end up running divisions. Although grueling, the life of a senior banker can be glamorous, involving traveling around the globe to pitch clients and working on big-money corporate merger deals. Many who get through the two-year analyst program have gone on to become business titans — the billionaires Michael Bloomberg and Stephen Schwarzman began their careers in investment banking — but a majority will leave before or after their two years are up, bank representatives said. There are jokes among junior bankers that the most common tasks of the job involve dragging icons from one side of a document to another, only to be asked to replace the icon over an...
What could Caitlin Clark’s WNBA transition from Iowa look like?
Sports

What could Caitlin Clark’s WNBA transition from Iowa look like?

Linked media - Linked media Reality is coming. In the words of Diana Taurasi, as spoken to Scott Van Pelt on SportsCenter, Caitlin Clark is due for a reckoning when she gets to the WNBA. After four years of dominating the college game, Clark is starting the next chapter of her career at the bottom as one of the youngest players in the most talented league in the world. Regardless of what the overall arc of Clark’s career ends up being, it is unlikely that she hits the ground running as the best player on the court every night, as she did at Iowa. Diana Taurasi on Caitlin Clark coming to WNBA «Reality is coming….you look superhuman playing against some 18 years olds but you’re going to come play with some grown women that have been playing professional basketball for a long time» pic...
March’s Hot Inflation Report is a Political Blow to Biden
Business

March’s Hot Inflation Report is a Political Blow to Biden

Associated media - Linked media The unexpected re-acceleration in price growth across the economy is at least a temporary setback for President Biden, who has been banking on cooling inflation to lift his re-election prospects. Mr. Biden and his aides have publicly cheered the retreat of annual inflation rates over the last year, after watching the fastest price growth in 40 years dent the president’s approval ratings earlier in his tenure. They have been anxious for inflation to fall even further, in order give relief to consumers and to potentially spur the Federal Reserve to cut interest rates — a move that would help to drive down borrowing costs for mortgages, car loans and other consumer credit. Mr. Biden has been particularly focused on home buyers, including young voters who ...
NFL Draft 2024 ‘The Beast’ Guide: Dane Brugler’s scouting reports and player rankings
Sports

NFL Draft 2024 ‘The Beast’ Guide: Dane Brugler’s scouting reports and player rankings

Connected media - Associated media Finally! It’s here. I’m thrilled to share this year’s draft guide with everyone. I don’t remember who first referred to it as “The Beast,” but I use that moniker as motivation to make sure this annual primer lives up to the nickname — and I don’t think I’ve let you down this year. Every NFL prospect is a puzzle. And it is a scout’s job to find the puzzle pieces to create as clear a picture of each player as possible. Those puzzle pieces include everything from the player’s physical traits to his mental makeup to the details of his upbringing — and everything in between. That’s precisely how I attack this draft guide. Over the last 18 months, I’ve collected as many puzzle pieces as I could dig up, through countless hours of tape study and c...
NBA Pre-Postseason Player Tiers 1 and 2: Wembanyama quickly rising; Giannis, Jokić steady at top
Sports

NBA Pre-Postseason Player Tiers 1 and 2: Wembanyama quickly rising; Giannis, Jokić steady at top

Linked media - Connected media Yesterday, I largely focused on setting the table for the updated NBA Pre-Postseason Players Tiers before revealing Tier 3 (players between the 24th and 42nd spot) and Tier 4 (Nos. 43-80). Today, I’m going to get a little more into some of the more interesting and/or challenging placements, as well as note a few overall trends. For starters, a consistent bit of feedback — and one I’ve gotten from multiple sources since the release of Tiers 3 and 4 — is the always difficult evaluation of which player is more valuable between an elite role player and a good-but-not-great primary or secondary creator. A senior analytics staffer within the league went so far as to argue they would prefer essentially the entirety of Tier 4A, largely made up of elite role pla...
Ohtani’s Former Interpreter Is Said to Be Negotiating a Guilty Plea
Business

Ohtani’s Former Interpreter Is Said to Be Negotiating a Guilty Plea

Connected media - Related media A spokesman for the U.S. attorney’s office declined to comment. Matthew Hiltzik, a spokesman for Ohtani, referred to the player’s detailed explanation he gave to the media two weeks ago, when Ohtani said Mizuhara had stolen from him and he promised to cooperate fully with the federal and Major League Baseball investigations. “I never bet on baseball or any other sports or never have asked somebody to do that on my behalf,” Ohtani said. “And I have never went through a bookmaker to bet on sports. Up until a couple days ago, I didn’t know this was happening.” The allegations about the theft surfaced when the Dodgers were in Seoul to open the season with games against the San Diego Padres. Interest in the team has been intense since it signed Ohtani to a ...
U.S. Soccer took a gamble waiting for Emma Hayes, leaving USWNT’s style of play in limbo
Sports

U.S. Soccer took a gamble waiting for Emma Hayes, leaving USWNT’s style of play in limbo

Related media - Connected media In November, U.S. Soccer gambled that it was worth sacrificing a year of continuous preparation under a permanent manager to hire Emma Hayes. For eight months following the 2023 World Cup, interim management has overseen the U.S. women’s national team. To her credit, Twila Kilgore’s tenure as placeholder helped turn over the player pool and saw her team win a pair of tune-up competitions this spring. Still, it’s been a lost year for the program at a time when it was in sore need of a clear new vision. Hayes’ first games as USWNT manager in June are still two months away, bringing the post-World Cup interlude to 10 months — and a full seven months from her appointment in November. With the CONCACAF W Gold Cup and SheBelieves Cup in the rearview, it’s ti...
Richard Leibner, Agent for Top Broadcast Journalists, Dies at 85
Business

Richard Leibner, Agent for Top Broadcast Journalists, Dies at 85

Associated media - Linked media A trained accountant, Mr. Leibner was described in a 1989 profile by Ben Yagoda in The New York Times Magazine as an idiosyncratic character with a “remarkable emotional range.” “He can be plaintive, cajoling, jocular, terse, profane, sentimental, jovial, respectful, dismissive, analytical or expansive: The one constant is the strain of his native Brooklyn in his voice,” Mr. Yagoda wrote. He was also known for telling incredibly dirty jokes. Andrew Heyward, a former president of CBS News, said in a phone interview: “It would have been easy to dismiss him as a Damon Runyonesque showman, but when it came to actual negotiations, he’d come in, sit on the couch with a legal pad and pen, and we’d go through the details together. He was scrupulously detailed ...
Ryan Giggs and football: A very complicated relationship
Sports

Ryan Giggs and football: A very complicated relationship

Connected media - Related media The celebration was almost as glorious as the goal itself. The fuzz of chest hair, the twirling shirt, the body swerve to evade the Manchester United fans who had run on the pitch in their euphoria. On Sunday, it is 25 years since Patrick Vieira, a genuine great of Arsenal’s midfield, played a wayward pass amid the high drama of an FA Cup semi-final between the leading two English sides of the time. Ryan Giggs took the ball and then he was off and running, picking up speed from inside his own half, slaloming past opponents, one by one. Vieira tried to get back but Giggs, crossing the halfway line, dipped his shoulder to get away. Lee Dixon was next to come across. He, too, could not get near him. Arsenal had the most famously parsimonious defence in En...