Liz Cheney said "I was wrong" for opposing same-sex marriage and that she has since reconciled with her sister

Cheney denounced same-sex marriage in 2013 and was condemned by her sister, who was married to a woman. Rep. Liz Cheney (R) AP Photo/J. Scott Applewhite Rep. Liz Cheney sad she was wrong when she condemned gay marriage in 2013 while running for Senate. The comments prompted a denouncement from her sister, Mary Cheney, who is married to a woman. Cheney said on "60 Minutes" Sunday that she was wrong and she and her sister have reconciled. See more stories on Insider's business page. Rep. Liz Cheney said she was wrong when she condemned same sex marriage in 2013 in remarks that led to a public feud with her sister, who is married to a woman.In an interview with "60 Minutes" that aired Sunday, correspondent Lesley Stahl pointed out that Cheney's father, former Vice President Dick Cheney, came out in favor of same-sex marriage at the time. She asked Cheney, a Republican from Wyoming, how she defends her decision to come out against it."I was wrong. I was wrong. I love my sister very much. I love her family very much," Cheney said. "It's a very personal issue, and very personal for my family. I believe that my dad was right. And my sister and I have had that conversation."She added: "We need to work against discrimination of all kinds in our country, in our state. We were at, at an event a few nights ago and, and there was a young woman who said, she doesn't feel safe sometimes because she's transgender. And nobody should feel unsafe. Freedom means freedom for everybody."-60 Minutes (@60Minutes) September 26, 2021 Cheney was running for Senate in Wyoming in 2013 when she said she opposed same-sex marriage. At the time, Mary Cheney, Cheney's sister, had been with her wife since 1992 and married to her since 2012.Mary Cheney denounced her sister and said she was treating her family like "second class citizens."In a post on Sunday, Mary Cheney said she loves her sister and is "so proud of her.""It took a ton of courage to admit that she was wrong back in 2013 when she opposed marriage equality. That is something few politicians would ever do," she wrote in a Facebook post. "I have nothing but respect and admiration for the strength of character she continues to show on a daily basis.""And as her sister - I have one more thing that I just have to say. I told you so," she added.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 26th, 2021

Liz Cheney said "I was wrong" for opposing same-sex marriage and that she has since reconciled with her sister

Cheney denounced same-sex marriage in 2013 and was condemned by her sister, who was married to a woman. Rep. Liz Cheney (R) AP Photo/J. Scott Applewhite Rep. Liz Cheney sad she was wrong when she condemned gay marriage in 2013 while running for Senate. The comments prompted a denouncement from her sister, Mary Cheney, who is married to a woman. Cheney said on "60 Minutes" Sunday that she was wrong and she and her sister have reconciled. See more stories on Insider's business page. Rep. Liz Cheney said she was wrong when she condemned same sex marriage in 2013 in remarks that led to a public feud with her sister, who is married to a woman.In an interview with "60 Minutes" that aired Sunday, correspondent Lesley Stahl pointed out that Cheney's father, former Vice President Dick Cheney, came out in favor of same-sex marriage at the time. She asked Cheney, a Republican from Wyoming, how she defends her decision to come out against it."I was wrong. I was wrong. I love my sister very much. I love her family very much," Cheney said. "It's a very personal issue, and very personal for my family. I believe that my dad was right. And my sister and I have had that conversation."She added: "We need to work against discrimination of all kinds in our country, in our state. We were at, at an event a few nights ago and, and there was a young woman who said, she doesn't feel safe sometimes because she's transgender. And nobody should feel unsafe. Freedom means freedom for everybody."-60 Minutes (@60Minutes) September 26, 2021 Cheney was running for Senate in Wyoming in 2013 when she said she opposed same-sex marriage. At the time, Mary Cheney, Cheney's sister, had been with her wife since 1992 and married to her since 2012.Mary Cheney denounced her sister and said she was treating her family like "second class citizens."In a post on Sunday, Mary Cheney said she loves her sister and is "so proud of her.""It took a ton of courage to admit that she was wrong back in 2013 when she opposed marriage equality. That is something few politicians would ever do," she wrote in a Facebook post. "I have nothing but respect and admiration for the strength of character she continues to show on a daily basis.""And as her sister - I have one more thing that I just have to say. I told you so," she added.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 26th, 2021

The 20 best books of 2021, according to Book of the Month readers

Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. When you buy through our links, Insider may earn an affiliate commission. Learn more. Every year, Book of the Month crowns the best book of the year in November. Here are all the 2021 nominees, based on readers' favorites. Amazon; Bookshop; Alyssa Powell/Insider Book of the Month sends great books from emerging authors directly to subscribers. At the end of each year, readers vote for their favorite books they read through the service. Here are the 20 most loved BOTM selections of 2021. The winner will be announced on November 11. Book of the Month sends new and noteworthy books - often before they become popular - to subscribers each month. In the past, the company has picked hits such as "The Great Alone" by Kristin Hannah, "Pachinko" by Min Jin Lee, and "The Girl With the Louding Voice" by Abi Daré to bring to its readers.Membership (small)At the end of the year, the club's thousands of subscribers vote on the best books they read through the service, making it a more curated version of Goodreads' best books of the year. For example, the 2020 winner was "The Vanishing Half" by Brit Bennett, which also won the 2020 Goodreads award for Best Historical Fiction.Below, you'll find a reading list of the top 20 books of 2021 according to Book of the Month readers. Book of the Month will announce the best book of 2021 on November 11, awarding the winning author a $10,000 prize. The 20 best books picked by Book of the Month in 2021, according to its readers:Descriptions are provided by Amazon and edited lightly for length and clarity. "Things We Lost To The Water" by Eric Nguyen Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When Huong arrives in New Orleans with her two young sons, she is jobless, homeless, and worried about her husband, Cong, who remains in Vietnam. As she and her boys begin to settle into life in America, she sends letters and tapes back to Cong, hopeful that they will be reunited and her children will grow up with a father.But with time, Huong realizes she will never see her husband again. While she attempts to come to terms with this loss, her sons, Tuan and Binh, grow up in their absent father's shadow, haunted by a man and a country trapped in their memories and imaginations. As they push forward, the three adapt to life in America in different ways: Huong gets involved with a Vietnamese car salesman who is also new in town; Tuan tries to connect with his heritage by joining a local Vietnamese gang; and Binh, now going by Ben, embraces his adopted homeland and his burgeoning sexuality. Their search for identity — as individuals and as a family — threatens to tear them apart, un­til disaster strikes the city they now call home, and they are suddenly forced to find a new way to come together and honor the ties that bind them. "Imposter Syndrome" by Kathy Wang Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.59Julia Lerner, a recent university graduate in computer science, is living in Moscow when she's recruited by Russia's largest intelligence agency in 2006. By 2018, she's in Silicon Valley as COO of Tangerine, one of America's most famous technology companies. In between her executive management (make offers to promising startups, crush them and copy their features if they refuse); self-promotion (check out her latest op-ed in the WSJ, on Work/Life Balance 2.0); and work in gender equality (transfer the most annoying females from her team), she funnels intelligence back to the motherland. But now Russia's asking for more, and Julia's getting nervous.Alice Lu is a first-generation Chinese-American whose parents are delighted she's working at Tangerine (such a successful company!). Too bad she's slogging away in the lower echelons, recently dumped, and now sharing her expensive two-bedroom apartment with her cousin Cheri, a perennial "founder's girlfriend." One afternoon, while performing a server check, Alice discovers some unusual activity, and now she's burdened with two powerful but distressing suspicions: Tangerine's privacy settings aren't as rigorous as the company claims they are, and the person abusing this loophole might be Julia Lerner herself. The closer Alice gets to Julia, the more Julia questions her own loyalties. Russia may have placed her in the Valley, but she's the one who built her career; isn't she entitled to protect the lifestyle she's earned? Part page-turning cat-and-mouse chase, part sharp and hilarious satire, "Impostor Syndrome" is a shrewdly-observed examination of women in tech, Silicon Valley hubris, and the rarely fulfilled but ever-attractive promise of the American Dream. "The Lost Apothecary" by Susan Penner Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99Hidden in the depths of 18th-century London, a secret apothecary shop caters to an unusual kind of clientele. Women across the city whisper of a mysterious figure named Nella who sells well-disguised poisons to use against the oppressive men in their lives. But the apothecary's fate is jeopardized when her newest patron, a precocious 12-year-old, makes a fatal mistake, sparking a string of consequences that echo through the centuries.Meanwhile, aspiring historian Caroline Parcewell spends her 10th wedding anniversary alone in present-day London, running from her own demons. When she stumbles upon a clue to the unsolved apothecary murders that haunted London 200 years ago, her life collides with the apothecary's in a stunning twist of fate — and not everyone will survive. "This Close To Okay" by Leese Cross-Smith Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $15.62On a rainy October night in Kentucky, recently divorced therapist Tallie Clark is on her way home from work when she spots a man precariously standing at the edge of a bridge. Without a second thought, Tallie pulls over and jumps out of the car into the pouring rain. She convinces the man to join her for a cup of coffee, and he eventually agrees to come back to her house, where he finally shares his name: Emmett. Over the course of the emotionally charged weekend that follows, Tallie makes it her mission to provide a safe space for Emmett, though she hesitates to confess that this is also her day job. What she doesn't realize is that Emmett isn't the only one who needs healing — and they both are harboring secrets.Alternating between Tallie and Emmett's perspectives as they inch closer to the truth of what brought Emmett to the bridge's edge — as well as the hard truths Tallie has been grappling with since her marriage ended — "This Close to Okay" is an uplifting, cathartic story about chance encounters, hope found in unlikely moments, and the subtle magic of human connection. "We Are the Brennans" by Tracey Lange Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.49When 29-year-old Sunday Brennan wakes up in a Los Angeles hospital, bruised and battered after a drunk driving accident she caused, she swallows her pride and goes home to her family in New York. But it's not easy. She deserted them all — and her high school sweetheart — five years before with little explanation, and they've got questions.Sunday is determined to rebuild her life back on the east coast, even if it does mean tiptoeing around resentful brothers and an ex-fiancé. The longer she stays, however, the more she realizes they need her just as much as she needs them. When a dangerous man from her past brings her family's pub business to the brink of financial ruin, the only way to protect them is to upend all their secrets — secrets that have damaged the family for generations and will threaten everything they know about their lives. In the aftermath, the Brennan family is forced to confront painful mistakes — and ultimately find a way forward together. "The Maidens" by Alex Michaelides Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.78Edward Fosca is a murderer. Of this, Mariana is confident. But Fosca is untouchable. A handsome and charismatic Greek tragedy professor at Cambridge University, Fosca is adored by staff and students alike ― particularly by the members of a secret society of female students known as The Maidens.Mariana Andros is a brilliant but troubled group therapist who becomes fixated on The Maidens when one member, a friend of Mariana's niece Zoe, is found murdered in Cambridge.Mariana, who was once herself a student at the university, quickly suspects that behind the idyllic beauty of the spires and turrets, and beneath the ancient traditions, lies something sinister. And she becomes convinced that, despite his alibi, Edward Fosca is guilty of the murder. But why would the professor target one of his students? And why does he keep returning to the rites of Persephone, the maiden, and her journey to the underworld?When another body is found, Mariana's obsession with proving Fosca's guilt spirals out of control, threatening to destroy her credibility as well as her closest relationships. But Mariana is determined to stop this killer, even if it costs her everything ― including her own life. "Razorblade Tears" by S.A. Cosby Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.10Ike Randolph has been out of jail for 15 years, with not so much as a speeding ticket in all that time. But a Black man with cops at the door knows to be afraid.The last thing he expects to hear is that his son Isiah has been murdered, along with Isiah's white husband, Derek. Ike had never fully accepted his son but is devastated by his loss.Derek's father, Buddy Lee, was almost as ashamed of Derek for being gay as Derek was ashamed of his father's criminal record. Buddy Lee still has contacts in the underworld, though, and he wants to know who killed his boy.Ike and Buddy Lee, two ex-cons with little else in common other than a criminal past and a love for their dead sons, band together in their desperate desire for revenge. In their quest to do better for their sons in death than they did in life, hardened men Ike and Buddy Lee will confront their prejudices about their sons and each other as they rain down vengeance upon those who hurt their boys. "Malibu Rising" by Taylor Jenkins Reid Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $16.80Malibu: August 1983. It's the day of Nina Riva's annual end-of-summer party, and anticipation is at a fever pitch. Everyone wants to be around the famous Rivas: Nina, the talented surfer and supermodel; brothers Jay and Hud, one a championship surfer, the other a renowned photographer; and their adored baby sister, Kit. Together, the siblings are a source of fascination in Malibu and the world over — especially as the offspring of the legendary singer Mick Riva.The only person not looking forward to the party of the year is Nina herself, who never wanted to be the center of attention, and who has also just been very publicly abandoned by her pro tennis player husband. Oh, and maybe Hud — because it is long past time for him to confess something to the brother from whom he's been inseparable since birth.Jay, on the other hand, is counting the minutes until nightfall, when the girl he can't stop thinking about has promised she'll be there.And Kit has a couple of secrets of her own — including a guest she invited without consulting anyone.By midnight the party will be entirely out of control. By morning, the Riva mansion will have gone up in flames. But before that first spark in the early hours before dawn, the alcohol will flow, the music will play, and the loves and secrets that shaped this family's generations will all come rising to the surface. "Four Winds" by Kristin Hannah Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.49Texas, 1921. A time of abundance. The Great War is over, the land's bounty is plentiful, and America is on the brink of a new and optimistic era. But for Elsa Wolcott, deemed too old to marry in a time when marriage is a woman's only option, the future seems bleak. Until the night she meets Rafe Martinelli and decides to change the direction of her life. With her reputation in ruin, there is only one respectable choice: Marriage to a man she barely knows.By 1934, the world has changed; millions are out of work, and drought has devastated the Great Plains. Farmers are fighting to keep their land and their livelihoods as crops fail and water dries up and the earth cracks open. Dust storms roll relentlessly across the plains. Everything on the Martinelli farm is dying, including Elsa's tenuous marriage; each day is a desperate battle against nature and a fight to keep her children alive.In this uncertain and perilous time, Elsa ― like so many of her neighbors ― must make an agonizing choice: Fight for the land she loves or leave it behind and go west, to California, in search of a better life for her family. "The People We Keep" by Alison Larkin Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $22.99Little River, New York, 1994: April Sawicki is living in a motorless motorhome that her father won in a poker game. Failing out of school, picking up shifts at Margo's diner, she's left fending for herself in a town where she's never quite felt at home. When she "borrows" her neighbor's car to perform at an open mic night, she realizes her life could be much bigger than where she came from. After a fight with her dad, April packs her stuff and leaves for good — setting off on a journey to find her own life.Driving without a chosen destination, she stops to rest in Ithaca. Her only plan is to survive, but as she looks for work, she finds a kindred sense of belonging at Cafe Decadence, the local coffee shop. Still, somehow, it doesn't make sense to her that life could be this easy. The more she falls in love with her friends in Ithaca, the more she can't shake the feeling that she'll hurt them the way she's been hurt.As April moves through the world, meeting people who feel like home, she chronicles her life in the songs she writes and discovers that where she came from doesn't dictate who she has to be. "The Heart Principle" by Helen Hoang Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $13.99When violinist Anna Sun accidentally achieves career success with a viral YouTube video, she finds herself incapacitated and burned out from her attempts to replicate that moment. And when her longtime boyfriend announces he wants an open relationship before making a final commitment, a hurt and angry Anna decides that if he wants an open relationship, then she does, too. Translation: She's going to embark on a string of one-night stands — the more unacceptable the men, the better.That's where tattooed, motorcycle-riding Quan Diep comes in. Their first attempt at a one-night stand fails, as does their second and their third, because being with Quan is more than sex — he accepts Anna on an unconditional level that she has just started to understand. However, when tragedy strikes Anna's family, she takes on a role that she is ill-suited for until the burden of expectations threatens to destroy her. Anna and Quan have to fight for their chance at love — but to do that, they also have to fight for themselves. "Instructions for Dancing" by Nicola Yoon Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.40Evie Thomas doesn't believe in love anymore. Especially after the strangest thing occurs one otherwise ordinary afternoon: She witnesses a couple kiss and is overcome with a vision of how their romance began… and how it will end. After all, even the greatest love stories end with a broken heart, eventually.As Evie tries to understand why this is happening, she finds herself at La Brea Dance Studio, learning to waltz, fox-trot, and tango with a boy named X. X is everything that Evie is not: Adventurous, passionate, daring. His philosophy is to say yes to everything — including entering a ballroom dance competition with a girl he's only just met.Falling for X is definitely not what Evie had in mind. If her visions of heartbreak have taught her anything, it's that no one escapes love unscathed. But as she and X dance around and toward each other, Evie is forced to question all she thought she knew about life and love. In the end, is love worth the risk? "Once There Were Wolves" by Charlotte McConaghy Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $20.99Inti Flynn arrives in Scotland with her twin sister, Aggie, to lead a team of biologists tasked with reintroducing 14 gray wolves into the remote Highlands. She hopes to heal not only the dying landscape but Aggie, too — unmade by the terrible secrets that drove the sisters out of Alaska.Inti is not the woman she once was, either, changed by the harm she's witnessed ― inflicted by humans on both the wild and each other. Yet, as the wolves surprise everyone by thriving, Inti begins to let her guard down, even opening herself up to the possibility of love. But when a farmer is found dead, Inti knows where the town will lay blame. Unable to accept that her wolves could be responsible, Inti makes a reckless decision to protect them. But if the wolves didn't make the kill, then who did? And what will Inti do when the man she is falling for seems to be the prime suspect? "People We Meet On Vacation" by Emily Henry Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $9.98Poppy and Alex. Alex and Poppy. They have nothing in common. She's a wild child; he wears khakis. She has insatiable wanderlust; he prefers to stay home with a book. And somehow, ever since a fateful car share home from college many years ago, they are the very best of friends. For most of the year, they live far apart — she's in New York City, and he's in their small hometown — but every summer, for a decade, they have taken one glorious week of vacation together.Until two years ago, when they ruined everything. They haven't spoken since.Poppy has everything she should want, but she's stuck in a rut. When someone asks when she was last truly happy, she knows, without a doubt, it was on that ill-fated, final trip with Alex. And so, she decides to convince her best friend to take one more vacation together — lay everything on the table, make it all right. Miraculously, he agrees.Now she has a week to fix everything. If only she can get around the one big truth that has always stood quietly in the middle of their seemingly perfect relationship. What could possibly go wrong? "The Inheritance of Orquídea Divina" by Zoraida Cordove Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $21.49The Montoyas are used to a life without explanations. They know better than to ask why the pantry never seems to run low or empty or why their matriarch won't ever leave their home in Four Rivers — even for graduations, weddings, or baptisms. But when Orquídea Divina invites them to her funeral and to collect their inheritance, they hope to learn the secrets that she has held onto so tightly their whole lives. Instead, Orquídea is transformed, leaving them with more questions than answers.Seven years later, her gifts have manifested differently for Marimar, Rey, and Tatinelly's daughter, Rhiannon, granting them unexpected blessings. But soon, a hidden figure begins to tear through their family tree, picking them off one by one as it seeks to destroy Orquídea's line. Determined to save what's left of their family and uncover the truth behind their inheritance, the four descendants travel to Ecuador — to the place where Orquídea buried her secrets and broken promises and never looked back. "Damnation Spring" by Ash Davidson Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $19.81Colleen and Rich Gundersen are raising their young son, Chub, on the rugged California coast. It's 1977, and life in this Pacific Northwest logging town isn't what it used to be. For generations, the community has lived and breathed timber; now, that way of life is threatened. Colleen is an amateur midwife. Rich is a tree-topper. It's a dangerous job that requires him to scale trees hundreds of feet tall — a job that both his father and grandfather died doing. Colleen and Rich want a better life for their son — and they take steps to assure their future. Rich secretly spends their savings on a swath of ancient Redwoods. Colleen, desperate to have a second baby, challenges the logging company's use of herbicides that she believes are responsible for the many miscarriages in the community — including her own. The pair find themselves on opposite sides of a budding conflict that threatens the very thing they are trying to protect: Their family. "The Star-Crossed Sisters of Tuscany" by Lori Nelson Spielman Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $10.95Since the day Filomena Fontana cast a curse upon her sister more than 200 years ago, not one second-born Fontana daughter has found lasting love. Some, like second-born Emilia, the happily single baker at her grandfather's Brooklyn deli, claim it's an odd coincidence. Others, like her sexy, desperate-for-love cousin Lucy, insist it's an actual hex. But both are bewildered when their great-aunt calls with an astounding proposition: If they accompany her to her homeland of Italy, Aunt Poppy vows she'll meet the love of her life on the steps of the Ravello Cathedral on her 80th birthday — and break the Fontana Second-Daughter Curse once and for all.Against the backdrop of wandering Venetian canals, rolling Tuscan fields, and enchanting Amalfi Coast villages, romance blooms, destinies are found, and family secrets are unearthed — secrets that could threaten the family far more than a centuries-old curse. "The Last Thing He Told Me" by Laura Dave Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $12.92Before Owen Michaels disappears, he smuggles a note to his beloved wife of one year: Protect her.Despite her confusion and fear, Hannah Hall knows exactly to whom the note refers — Owen's 16-year-old daughter, Bailey. Bailey, who lost her mother tragically as a child. Bailey, who wants absolutely nothing to do with her new stepmother. As Hannah's increasingly desperate calls to Owen go unanswered, as the FBI arrests Owen's boss, as a US marshal and federal agents arrive at her Sausalito home unannounced, Hannah quickly realizes her husband isn't who he said he was. And that Bailey just may hold the key to figuring out Owen's true identity — and why he disappeared.Hannah and Bailey set out to discover the truth. But as they start putting together the pieces of Owen's past, they soon realize they're also building a new future — one neither of them could have anticipated.You can read our interview with author Laura Dave here. "The Office of Historical Corrections" by Danielle Evans Bookshop; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $17.49Danielle Evans is known for her blisteringly smart voice and X-ray insights into complex human relationships. With "The Office of Historical Corrections," Evans zooms in on particular moments and relationships in her characters' lives in a way that allows them to speak to larger issues of race, culture, and history. She introduces us to Black and multiracial characters experiencing the universal confusions of lust and love and getting walloped by grief — all while exploring how history haunts us, personally and collectively. Ultimately, she provokes us to think about the truths of American history — about who gets to tell them and the cost of setting the record straight. "Infinite Country" by Patricia Engel Amazon; Lauren Arzbaecher/Insider Available at Amazon and Bookshop from $14.80I often wonder if we are living the wrong life in the wrong country.Talia is being held at a correctional facility for adolescent girls in the forested mountains of Colombia after committing an impulsive act of violence that may or may not have been warranted. She urgently needs to get out and get back home to Bogotá, where her father and a plane ticket to the United States are waiting for her. If she misses her flight, she might also miss her chance to finally reunite with her family.How this family came to occupy two different countries — two different worlds — comes into focus like twists of a kaleidoscope. We see Talia's parents, Mauro and Elena, fall in love in a market stall as teenagers against a backdrop of civil war and social unrest. We see them leave Bogotá with their firstborn, Karina, in pursuit of safety and opportunity in the United States on a temporary visa, and we see the births of two more children, Nando and Talia, on American soil. We witness the decisions and indecisions that lead to Mauro's deportation and the family's splintering — the costs they've all been living with ever since. Read the original article on Business Insider.....»»

Category: worldSource: nyt16 hr. 27 min. ago

COVID-19 Detention Camps: Are Government Round-Ups Of Resistors In Our Future?

COVID-19 Detention Camps: Are Government Round-Ups Of Resistors In Our Future? Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “No doubt concentration camps were a means, a menace used to keep order.”  - Albert Speer, Nuremberg Trials It’s no longer a question of whether the government will lock up Americans for defying its mandates but when. This is what we know: the government has the means, the muscle and the motivation to detain individuals who resist its orders and do not comply with its mandates in a vast array of prisons, detention centers, and FEMA concentration camps paid for with taxpayer dollars. It’s just a matter of time. It no longer matters what the hot-button issue might be (vaccine mandates, immigration, gun rights, abortion, same-sex marriage, healthcare, criticizing the government, protesting election results, etc.) or which party is wielding its power like a hammer. The groundwork has already been laid. Under the indefinite detention provision of the National Defense Authorization Act (NDAA), the President and the military can detain and imprison American citizens with no access to friends, family or the courts if the government believes them to be a terrorist. So it should come as no surprise that merely criticizing the government or objecting to a COVID-19 vaccine could get you labeled as a terrorist. After all, it doesn’t take much to be considered a terrorist anymore, especially given that the government likes to use the words “anti-government,” “extremist” and “terrorist” interchangeably. For instance, the Department of Homeland Security broadly defines extremists as individuals, military veterans and groups “that are mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely.” Military veterans returning from Iraq and Afghanistan may also be characterized as extremists and potential domestic terrorist threats by the government because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.” Indeed, if you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you could be at the top of the government’s terrorism watch list. Moreover, as a New York Times editorial warns, you may be an anti-government extremist (a.k.a. domestic terrorist) in the eyes of the police if you are afraid that the government is plotting to confiscate your firearms, if you believe the economy is about to collapse and the government will soon declare martial law, or if you display an unusual number of political and/or ideological bumper stickers on your car. According to the FBI, you might also be classified as a domestic terrorism threat if you espouse conspiracy theories or dare to subscribe to any views that are contrary to the government’s. The government also has a growing list—shared with fusion centers and law enforcement agencies—of ideologies, behaviors, affiliations and other characteristics that could flag someone as suspicious and result in their being labeled potential enemies of the state. This is what happens when you not only put the power to determine who is a potential danger in the hands of government agencies, the courts and the police but also give those agencies liberal authority to lock individuals up for perceived wrongs. It’s a system just begging to be abused by power-hungry bureaucrats desperate to retain their power at all costs. It’s happened before. As history shows, the U.S. government is not averse to locking up its own citizens for its own purposes. One need only go back to the 1940s, when the federal government proclaimed that Japanese-Americans, labeled potential dissidents, could be put in concentration (a.k.a. internment) camps based only upon their ethnic origin, to see the lengths the federal government will go to in order to maintain “order” in the homeland. The U.S. Supreme Court validated the detention program in Korematsu v. US (1944), concluding that the government’s need to ensure the safety of the country trumped personal liberties. Although that Korematsu decision was never formally overturned, Chief Justice Roberts opined in Trump v. Hawaii (2018) that “the forcible relocation of U. S. citizens to concentration camps, solely and explicitly on the basis of race, is objectively unlawful and outside the scope of Presidential authority.” Roberts’ statements provide little assurance of safety in light of the government’s tendency to sidestep the rule of law when it suits its purposes. Pointing out that such blatantly illegal detentions could happen again—with the blessing of the courts—Justice Scalia once warned, “In times of war, the laws fall silent.” In fact, the creation of detention camps domestically has long been part of the government’s budget and operations, falling under the jurisdiction of FEMA, the Federal Emergency Management Agency. FEMA’s murky history dates back to the 1970s, when President Carter created it by way of an executive order merging many of the government’s disaster relief agencies into one large agency. During the 1980s, however, reports began to surface of secret military-type training exercises carried out by FEMA and the Department of Defense. Code named Rex-84, 34 federal agencies, including the CIA and the Secret Service, were trained on how to deal with domestic civil unrest. FEMA’s role in creating top-secret American internment camps is well-documented. But be careful who you share this information with: it turns out that voicing concerns about the existence of FEMA detention camps is among the growing list of opinions and activities which may make a federal agent or government official think you’re an extremist (a.k.a. terrorist), or sympathetic to terrorist activities, and thus qualify you for indefinite detention under the NDAA. Also included in that list of “dangerous” viewpoints are advocating states’ rights, believing the state to be unnecessary or undesirable, “conspiracy theorizing,” concern about alleged FEMA camps, opposition to war, organizing for “economic justice,” frustration with “mainstream ideologies,” opposition to abortion, opposition to globalization, and ammunition stockpiling. Now if you’re going to have internment camps on American soil, someone has to build them. Thus, in 2006, it was announced that Kellogg Brown and Root, a subsidiary of Halliburton, had been awarded a $385 million contract to build American detention facilities. Although the government and Halliburton were not forthcoming about where or when these domestic detention centers would be built, they rationalized the need for them in case of “an emergency influx of immigrants, or to support the rapid development of new programs” in the event of other emergencies such as “natural disasters.” Of course, these detention camps will have to be used for anyone viewed as a threat to the government, and that includes political dissidents. So it’s no coincidence that the U.S. government has, since the 1980s, acquired and maintained, without warrant or court order, a database of names and information on Americans considered to be threats to the nation. As Salon reports, this database, reportedly dubbed “Main Core,” is to be used by the Army and FEMA in times of national emergency or under martial law to locate and round up Americans seen as threats to national security. There are at least 8 million Americans in the Main Core database. Fast forward to 2009, when the Department of Homeland Security (DHS) released two reports, one on “Rightwing Extremism,” which broadly defines rightwing extremists as individuals and groups “that are mainly antigovernment, rejecting federal authority in favor of state or local authority, or rejecting government authority entirely,” and one on “Leftwing Extremism,” which labeled environmental and animal rights activist groups as extremists. Incredibly, both reports use the words terrorist and extremist interchangeably. That same year, the DHS launched Operation Vigilant Eagle, which calls for surveillance of military veterans returning from Iraq, Afghanistan and other far-flung places, characterizing them as extremists and potential domestic terrorist threats because they may be “disgruntled, disillusioned or suffering from the psychological effects of war.” These reports indicate that for the government, so-called extremism is not a partisan matter. Anyone seen as opposing the government—whether they’re Left, Right or somewhere in between—is a target, which brings us back, full circle, to the question of whether the government will exercise the power it claims to possess to detain anyone perceived as a threat, i.e., anyone critical of the government. The short answer is: yes. The longer answer is more complicated. Despite what some may think, the Constitution is no magical incantation against government wrongdoing. Indeed, it’s only as effective as those who abide by it. However, without courts willing to uphold the Constitution’s provisions when government officials disregard it and a citizenry knowledgeable enough to be outraged when those provisions are undermined, it provides little to no protection against SWAT team raids, domestic surveillance, police shootings of unarmed citizens, indefinite detentions, and the like. Frankly, the courts and the police have meshed in their thinking to such an extent that anything goes when it’s done in the name of national security, crime fighting and terrorism. Consequently, America no longer operates under a system of justice characterized by due process, an assumption of innocence, probable cause and clear prohibitions on government overreach and police abuse. Instead, our courts of justice have been transformed into courts of order, advocating for the government’s interests, rather than championing the rights of the citizenry, as enshrined in the Constitution. We seem to be coming full circle on many fronts. Consider that two decades ago we were debating whether non-citizens—for example, so-called enemy combatants being held at Guantanamo Bay and Muslim-Americans rounded up in the wake of 9/11—were entitled to protections under the Constitution, specifically as they relate to indefinite detention. Americans weren’t overly concerned about the rights of non-citizens then, and now we’re the ones in the unenviable position of being targeted for indefinite detention by our own government. Similarly, most Americans weren’t unduly concerned when the U.S. Supreme Court gave Arizona police officers the green light to stop, search and question anyone—ostensibly those fitting a particular racial profile—they suspect might be an illegal immigrant. A decade later, the cops largely have carte blanche authority to stop any individual, citizen and non-citizen alike, they suspect might be doing something illegal (mind you, in this age of overcriminalization, that could be anything from feeding the birds to growing exotic orchids). Likewise, you still have a sizeable portion of the population today unconcerned about the government’s practice of spying on Americans, having been brainwashed into believing that if you’re not doing anything wrong, you have nothing to worry about. It will only be a matter of time before they learn the hard way that in a police state, it doesn’t matter who you are or how righteous you claim to be, because eventually, you will be lumped in with everyone else and everything you do will be “wrong” and suspect. Indeed, it’s happening already, with police relying on surveillance software such as ShadowDragon to watch people’s social media and other website activity, whether or not they suspected of a crime, and potentially use it against them when the need arises. It turns out that we are Soylent Green, being cannibalized by a government greedily looking to squeeze every last drop out of us. The 1973 film Soylent Green, starring Charlton Heston and Edward G. Robinson, is set in 2022 in an overpopulated, polluted, starving New York City whose inhabitants depend on synthetic foods manufactured by the Soylent Corporation for survival. Heston plays a policeman investigating a murder who discovers the grisly truth about the primary ingredient in the wafer, Soylent Green, which is the principal source of nourishment for a starved population. “It’s people. Soylent Green is made out of people,” declares Heston’s character. “They’re making our food out of people. Next thing they’ll be breeding us like cattle for food.” Oh, how right he was. Soylent Green is indeed people or, in our case, Soylent Green is our own personal data, repossessed, repackaged and used by corporations and the government to entrap us in prisons of our own making. Without constitutional protections in place to guard against encroachments on our rights when power, technology and militaristic governance converge, it won’t be long before we find ourselves, much like Edward G. Robinson’s character in Soylent Green, looking back on the past with longing, back to an age where we could speak to whom we wanted, buy what we wanted, think what we wanted, and go where we wanted without those thoughts, words and movements being tracked, processed and stored by corporate giants such as Google, sold to government agencies such as the NSA and CIA, and used against us by militarized police with their army of futuristic technologies. We’re not quite there yet, but as I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, that moment of reckoning is getting closer by the minute. Tyler Durden Fri, 10/01/2021 - 23:40.....»»

Category: blogSource: zerohedgeOct 2nd, 2021

Charlie Munger Buying Apartment Buildings

Whitney Tilson’s email to investors discussing Charlie Munger buying apartment buildings; Doug Kass’ 50 Laws of Investing. Q2 2021 hedge fund letters, conferences and more 1) I freely admit to being an unabashed fan of investing legend Charlie Munger, Warren Buffett‘s long-time friend and right-hand man at Berkshire Hathaway (BRK-B)… That’s why one of the […] Whitney Tilson’s email to investors discussing Charlie Munger buying apartment buildings; Doug Kass’ 50 Laws of Investing. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more 1) I freely admit to being an unabashed fan of investing legend Charlie Munger, Warren Buffett's long-time friend and right-hand man at Berkshire Hathaway (BRK-B)... That's why one of the great honors of my life was being a contributor to the definitive book about Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger. So I was more than a little intrigued when I saw this tweet, as I've never heard anything about Munger buying apartment buildings: In response, one reader tweeted this: I asked my analyst Kevin DeCamp to see what he could find. There wasn't much, but he did discover this nine-minute video in which Munger explains why he invested in Redlands: Why Charlie Munger is investing in Redlands? So, should you run out and buy or invest in apartment buildings? I think not... It appears that Munger has been opportunistic: He met a smart, entrepreneurial young man, took a shine to him, and invested with him to buy and manage some apartment buildings. I don't read too much into this, as I suspect Munger has invested well under 1% of his net worth in this area. Doug Kass: My 50 Laws Of Investing 2) I enjoyed my friend Doug Kass' "50 Laws of Investing." The stock market is filled with individuals who know the price of everything but the value of nothing. "Let us not take ourselves too seriously. None of us has a monopoly on wisdom." - Queen Elizabeth Since we are going down memory lane, here is another column that bears repeating: Common sense is not so common. Greed often overcomes common sense. Greed kills. Fear and greed are stronger than long-term resolve. There is no vaccine for being overleveraged. When you combine ignorance and leverage – you usually get some pretty scary results. Operate only in your area of competence. There is always more than one cockroach. Stocks have a gravitational pull higher – over long periods of time equities will rise in value. Long investing generates wealth. Short selling protects wealth. Be patient and learn how to sit on your hands. Try to get a little smarter every day and read as much as humanly possible – an investment in knowledge pays the best dividends. Investors sometime think too little and calculate too much. Read and reread Security Analysis (1934) by [Benjamin] Graham and [David] Dodd – it is the most important book on investing ever published. History is a great teacher. History rhymes. What we have learned from history is that we haven't learned from history. Investment wisdom is always 20/20 when viewed in the rear view mirror. Avoid "first-level thinking" and embrace "second-level thinking." Think for yourself – as those who can make you believe absurdities, can make you commit atrocities. In investing, that what is comfortable – especially at the beginning – is most often not exceedingly profitable at the end. Avoid the odor of "group stink" – mimicking the herd and the crowd's folly invite mediocrity. The more often a stupidity is repeated, the more it gets the appearance of wisdom. Always have more questions than answers. To be a successful investor you must have accounting/finance knowledge, you must work hard and you have to be keenly competitive. The stock market is filled with individuals who know the price of everything but the value of nothing. Directional call buying, when consumed as a steady appetite, is a "mug's game" and is often a path to the poorhouse. Never buy the stock of a company whose CEO wears more jewelry than your mother, wife, girlfriend or sister. Avoid "the noise." Reversion to the mean is a strong market influence. On markets and individual equities... when you reach "station success," get off! Low stock prices are the ally of the rational buyer – high stock prices are the enemy of the rational buyer. Being right or wrong is not as important as how much you make when you are right and how much you lose when you are wrong. Too much of a good thing can be wonderful – look for compelling ideas and when you have conviction go ahead and overweight bigly. New paradigms are a rare occurrence. Pride goes before fall. Consider opposing investment views and cultivate curiosity. Maintain a healthy level of skepticism as you never know when the Cossacks might be approaching. Though doubt is uncomfortable, certainty is ridiculous and sometimes dangerous. When investing and trading, never let your mind dwell on personal problems and always control your emotions. 'Rate of change' is the most important statistic in investing. In evaluating the attractiveness of a stock always consider upside reward vs. downside risk and 'margin of safety.' Don't stray from your investing and trading methodologies and timeframes. "Know" what you own. Immediately sell a stock on the announcement or discovery of an accounting irregularity. Always follow the cash (flow). When new ways of earnings are developed – like EBITDA (and before stock-based compensation) – substitute them with the word... "bullshit." Favor pouring over balance sheets and income statements than spending time on Twitter and r/wallstreetbets. Always pay attention to what David Tepper and Stanley Druckenmiller are thinking/doing. (Trade/invest against them, at your own risk). Best regards, Whitney P.S. I welcome your feedback at Updated on Oct 1, 2021, 3:03 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 1st, 2021

10 Things in Politics: Trump is seeking to change election oversight

And German Chancellor Angela Merkel's party narrowly loses. Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Plus, download Insider's app for news on the go - click here for iOS and here for Android. Send tips to's what we're talking about:Trump is endorsing candidates he hopes would interfere with election results and help him win in 2024Rep. Liz Cheney says she was wrong to oppose same-sex marriageCBS News could shake up its news-anchor teamWith Phil Rosen. Clockwise from top left: Texas' attorney general, Ken Paxton; the Arizona state Rep. Mark Finchem; the chair of the South Carolina GOP, Drew McKissick; and US Rep. Jody Hice of Georgia. Photos by: Bob Christie/ AP; AP Photo/Meg Kinnard; House Television via AP; Brandon Bell/Getty Images 1. THE MIDTERMS: Getting on Donald Trump's good side is as easy as wailing about "election fraud." Months after losing the 2020 election, the former president remains fixated on clawing his way back. And many of Trump's midterm endorsements seem intended to elevate candidates who have backed his election-fraud claims.Here's a look at some of the candidates he's backing so far:Arizona state Rep. Mark Finchem, running for secretary of state: Finchem, pictured at the top right above, is considered a leader in Arizona's "Stop the Steal" movement and is among several Republican hopefuls who called for Arizona to decertify its election results. He's also promoted QAnon conspiracy theories.Kristina Karamo, Michigan secretary of state: Karamo claimed to have witnessed "irregularities" in Detroit during the November election. The local GOP committee member and Wayne County Community College professor has gone all in on Trump's baseless claims of election tampering.Texas' attorney general, Ken Paxton: Paxton, pictured above on the top left, is seeking a third term. He is known for his bid to overturn the 2020 election results with a lawsuit the US Supreme Court tossed out, and, like Trump, he's facing some of his own legal troubles, including an FBI investigation into allegations that he misused his power to help a donor. Among Paxton's primary challengers is George P. Bush, a son of Jeb Bush who is Texas' land commissioner and has said the election was not stolen.Read more about how Trump is trying to put his political allies in charge of running elections.2. Congress will be busy this week: House Speaker Nancy Pelosi promised last night that lawmakers would vote on a $1 trillion infrastructure plan on Thursday, Politico reports. A procedural vote on the measure is still expected today, which is the date Pelosi originally agreed on with centrists in her party. House lawmakers also plan to vote this week on the core of President Joe Biden's domestic agenda, a $3.5 trillion plan that would dramatically expand the social safety net. There's little room for error, and it's still unclear whether Democrats will remain united in passing both pieces of legislation.At the same time, senators are trying to avert a shutdown and debt default: Senate Majority Leader Chuck Schumer has teed up a vote on the House-passed plan to fund the government through December 3 and to avoid breaching the debt ceiling, Reuters reports. This is expected to fail, as top Senate Republicans have vowed to oppose the legislation.3. German Chancellor Angela Merkel's party narrowly loses: Preliminary results indicate Merkel's center-right party had its worst showing in history, The Washington Post reports. It's also the first time in more than a decade in which the center-left Social Democrats topped Merkel's Christian Democrats. But the results are so close that both sides are pledging to try to form a government. More on the German election results.4. Rep. Liz Cheney says she was wrong to oppose same-sex marriage: Cheney broke with her father, former Vice President Dick Cheney, in 2013 when she announced her opposition to same-sex marriage, causing a public rift with her sister, Mary, who is married to a woman. Mary Cheney applauded her sister for saying she was wrong, adding: "And as her sister - I have one more thing that I just have to say. I told you so." More on Liz Cheney's reversal. Marianne Ayala/Insider 5. Thirty lawmakers have violated a law for stock trades: Insider and several other news organizations have this year identified 30 members of Congress who've failed to properly report their financial trades as mandated by federal law. Their excuses range from oversights, to clerical errors, to inattentive accountants. Check out the list.6. WHO wants to revive its inquiry into the coronavirus pandemic's origins: World Health Organization officials tell The Wall Street Journal that the investigation will continue to explore whether the virus that causes COVID-19 emerged from a lab. The Biden administration, The Journal reports, has been among those pressing for the investigation to continue. The new group is expected to consist of about 20 investigators. There's no guarantee the new team will have access to China, which has consistently lashed out at the mere suggestion that the coronavirus could have leaked from one of its labs. Here's where the investigation stands, including Beijing's efforts to distract investigators by pressuring them to focus on a US military bioresearch facility. Gayle King. Michele Crowe/CBS via Getty Images 7. Big changes could be coming to CBS News: CBS News' copresident Neeraj Khemlani has been reaching out, personally and through intermediaries, to high-profile news talent to freshen up the company's programming and reposition CBS News as a pipeline for the streamer Paramount+, Insider reports. The network is also circling outside talent like MSNBC's Brian Williams and the "Top Chef" host Padma Lakshmi. Read more about what the future could hold for CBS heavyweights like Gayle King and Norah O'Donnell.8. Rep. Matt Gaetz said Tucker Carlson was correct about the white nationalist "replacement" conspiracy theory: The Great Replacement theory has been used by white nationalists and white supremacists who argue that people of color are replacing white populations or people with European roots. In a tweet defending Carlson, Gaetz also called the Anti-Defamation League "a racist organization." The ADL had called for Fox News to fire Carlson over his promotion of the theory. More on his comments.9. US government requests more personal data than any other country in study: The US had the most requests for Facebook and Twitter information, with 61,528 and 3,429 requests respectively. Facebook also saw six times the number of data requests from the US than from the second-highest country, Germany. The new TechRobot report examined requests from 20 countries in 2019 and 2020.10. CDC director says trick-or-treating will be OK: Dr. Rochelle Walensky, the director of the Centers for Disease Control and Prevention, said children could safely go trick-or-treating on Halloween so long as they did so outdoors. The CDC is still advising against large indoor gatherings.Today's trivia question: In honor of HBO's "The White House Plumbers," which filmed in Washington over the weekend, who was the Nixon aide responsible for coming up with the term the "plumbers"? Email your guess and a suggested question to me at's answer: President Ronald Reagan recorded a video about his love for James Bond, including the line that "007 is really a 10." But the Reagan White House was furious when the video was used to promote the release of "Octopussy."Read the original article on Business Insider.....»»

Category: personnelSource: nytSep 27th, 2021

Go Fund Me Takes Down Fundraising Campaign For Litigation Over Vaccine Mandate

Go Fund Me Takes Down Fundraising Campaign For Litigation Over Vaccine Mandate Authored by Jonathan Turley, We previously discussed how GoFundMe has joined social media sites in censoring opposing viewpoints on subjects from critical race theory to vaccines to election fraud. The site once offered a neutral site for those seeking to support others with similar views or interests. The company now insists that it will only allow people to gather on the site if it believes their views are true and correct. However, it was still surprising to see the site take down a fundraising account for litigation against vaccine mandates. The effort of former nurse Jennifer Bridges was simply to get such matters before the courts, which can be the ultimate authority on what is “misinformation.” GoFundMe however blocked people from contributing to the litigation. Bridges is a former registered nurse at Houston Methodist hospital who was fired after refusing to comply with the hospital’s vaccine requirement. She raised more than $180,000 for her lawsuit before being shutdown under the company’s “misinformation” policy. Heidi Hagberg, a spokesperson for GoFundMe, said in a statement to Business Insider that “when our team initially reviewed the fundraiser, it was within our terms of service as the funds were for legal fees to fight vaccine mandates. The fundraiser has since been updated to include misinformation which violates our terms of service.” What is striking about this latest ban is that the courts are the place for such claims to be weighed in a neutral and dispassionate forum. “Misinformation” can be addressed by judges after both sides are allowed to present evidence. Bridges’ lawsuit was dismissed in June, Bridges’ attorneys appealed the decision. We should all favor such reviews. Indeed, if GoFundMe believes that Bridges is wrong, it should invite further judicial review to established a clear record on such issues. GoFundMe admits to have taken down “hundreds” of fundraisers that included statements of “misinformation related to vaccines.” I do not agree with the arguments against the vaccine. I and my family are vaccinated. However, I am equally concerned with avoiding the growing virus of censorship. In the last few years, we have seen an increasing call for private censorship from Democratic politicians and liberal commentators. Faculty and editors are now actively supporting modern versions of book-burning with blacklists and bans for those with opposing political views. The most chilling aspect of this story is how many on the left applaud such censorship. A new poll shows roughly half of the public supporting not just corporate censorship but government censorship of anything deemed “misinformation.” Free speech can be its own disinfectant for bad speech. GoFundMe is a private company and can impose such rules on users. However, it is an act of censorship and it is a denial of free speech by a corporation. In this case, the company is preventing its site from being used to raise money to allow courts to review the factual and legal basis for these claims — a curious effort for a company that claims to be fighting “misinformation.” Tyler Durden Wed, 10/13/2021 - 13:33.....»»

Category: blogSource: zerohedgeOct 13th, 2021

6 analog astronauts are camping out in the Israeli desert for a month to simulate life on Mars

The experiment in Israel is meant to help scientists learn how to avoid mistakes that could endanger astronauts during a Mars mission. Analog astronauts from a European and Israeli team walk in spacesuits during a training mission at the Ramon Crater in Israel's southern Negev desert on October 10, 2021. Jack Guez/AFP/Getty Images In Israel, six analog astronauts are living and working in a small structure to simulate life on Mars. The month-long mission aims to help scientists learn how to avoid mistakes that would endanger real astronauts. Scientists are monitoring the group for signs of poor mental and physical health. Mars poses all sorts of danger to humans: radiation exposure, below-freezing temperatures, and a thin atmosphere with only traces of oxygen. If astronauts eventually visit the planet, any mistakes in the mission plan could be fatal.So scientists are conducting simulations on Earth to better anticipate what could go wrong.For nearly all of October, six analog astronauts - the term for people who help simulate life on other planets - are living in a small base camp and carrying out experiments in Israel's Negev Desert. The red dirt and rocky terrain closely resemble the Martian landscape, but temperatures are far more palatable: around 25 to 30 degrees Celsius (77 to 86 degrees Fahrenheit). That's compared to -81 degrees Fahrenheit, on average, on the red planet.The group's living quarters, a 1,300-square-foot, solar-powered structure, also serve as their laboratory. Inside, the analog astronauts sleep in bunk beds and have access to a small kitchen. If they venture out, they must wear mock spacesuits.The project, called AMADEE-20, is a joint effort between the Austrian Space Forum, Israel Space Agency, and local Israeli research center D-MARS. It was originally scheduled to take place in 2020 but got postponed due to the pandemic.The analog astronauts, along with a team of engineers and scientists, will conduct more than 20 experiments in total. Since no human has ever been to the specific site they're studying, the team will observe whether bacteria from their bodies and equipment contaminates local microbes - a sign that it might do the same to potential life forms on Mars. They'll also test new technology like self-navigating drones and wind- and solar-powered vehicles that map the desert terrain. An analog astronaut in a spacesuit holds a quadcopter drone on October 10, 2021. Jack Guez/AFP/Getty Images "We have the motto of fail fast, fail cheap, and have a steep learning curve," Gernot Groemer, director of the Austrian Space Forum, told Reuters. "Because for every mistake we make here on Earth, we hope we don't repeat it on Mars."Scientists are monitoring how the astronauts live and work in close quartersThe six analog astronauts (five men and one woman) hail from different countries: Austria, Germany, Israel, the Netherlands, Portugal, and Spain. Their mission began on October 4 and lasts until October 31. An aerial view of a habitat where astronauts are participating in a Mars training mission in Israel's Negev desert. Jack Guez/AFP/Getty Images The participants all had to pass tests that proved their mental and physical fitness to be chosen for the simulation. But that doesn't mean the experiment will be easy. Just the equipment they wear outside weighs around 110 pounds. The suits are equipped with cameras, microphones, and individual breathing systems.What's more, a key part of the mission is to observe how the astronauts handle living and working together in cramped conditions. A scientist works at the AMADEE-20 facility near Mitzpe Ramon, Israel, on October 10, 2021. Amir Cohen/Reuters Scientists are watching the analog astronauts on camera to see how they assess risks, address stress, and collaborate as a team. They're also monitoring the astronauts' vital signs and bowel movements for indicators of poor health. In addition, the astronauts are asked to fill out weekly questionnaires that gauge their levels of anxiety and depression."The group's cohesion and their ability to work together are crucial for surviving on Mars," Groemer told Agence France-Presse. "It's like a marriage, except in a marriage you can leave, but on Mars you can't." Scientists stand together at the AMADEE-20 facility on October 10, 2021. Amir Cohen/Reuters NASA hopes to send humans to Mars in the 2030sAMADEE-20 isn't the first attempt to mimic a human mission to Mars on Earth. NASA has been conducting studies in its own simulated Mars habitat in Hawaii, the Hawaii Space Exploration Analog and Simulation, since 2013. The Austrian Space Forum has also led 12 other Mars simulations in locations including Morocco, Spain, Oman, and Utah. "I believe the very first human to walk on Mars is already born and we are the ship-builders to enable this journey," Groemer told AFP. The base camp at the AMADEE-20 Martian simulation. OeWF/Florian Voggeneder NASA hopes to launch its first human mission to Mars in the 2030s.Earlier this year, SpaceX CEO Elon Musk suggested that his company could get there sooner, landing a crewed spaceship on Mars as early as 2026. But many scientists have questioned whether that timeline is realistic.At the moment, the most advanced mission to Mars is that of NASA's Perseverance rover, which is scouring the red planet for signs of ancient alien life. Analog astronauts walk across the Negev desert. OeWF/FlorianVoggeneder Perseverance is also testing out samples of spacesuit material to see how they hold up against Mars' radiation and dust.Additionally, the rover is equipped with an experimental device that takes in carbon dioxide, splits the molecules into oxygen and carbon monoxide, then spits out breathable oxygen. In April, it successfully produced oxygen from the Martian atmosphere - though only enough to help an astronaut breathe for 10 minutes (about 5 grams). A full year on Mars would likely require about 1 metric ton of oxygen (2,200 pounds) to sustain four astronauts, according to NASA.Of course, even if humans could survive on the Martian surface, transporting them there and back would be an immense challenge. The one-way journey takes about seven months, since Earth and Mars are roughly 300 million miles apart. The farthest humans have traveled in space is nearly 249,000 miles more than five decades ago.Plus, no robot we've ever sent to Mars has returned to Earth. Scientists are still working to develop technology that could make that feat possible.Read the original article on Business Insider.....»»

Category: personnelSource: nytOct 13th, 2021

21 spooky, page-turning mystery books that will keep you guessing until the very end

From a classic murder mystery tale to new thrillers, these are the best mystery books to read in 2021. From a classic murder mystery tale to new thrillers, these are the best mystery books to read in 2021. Amazon; Rachel Mendelson/Insider Mystery books allow readers to solve crimes alongside the characters. We rounded up books that are gripping, suspenseful, and leave readers guessing until the very end. Want more books? Check out the best Agatha Christie books and best thrillers. Though I love to sit in the sun with a steamy romance novel or listen to a fascinating memoir on my way to work, mystery books have always been engrossing reads where I race against the characters to solve the puzzle. Perfect for true crime fans or anyone who loves a suspenseful story, great mystery books offer gripping conundrums with a fascinating crime and a puzzling problem that demands to be solved. To gather these recommendations, I looked at readers' favorite mystery books on Goodreads, Amazon, and Bookshop. Whether you're looking for your next thrilling read or a cozy "whodunit" as the weather gets colder, you can find a great mystery novel on this list. A classic murder mystery Amazon "And Then There Were None" by Agatha Christie, available on Amazon and Bookshop, from $7.99"And Then There Were None" is a classic Agatha Christie mystery novel about 10 strangers who are invited by an unknown millionaire as weekend guests to a mansion on a private island. When the guests are murdered one by one (as foretold in a nursery rhyme hung in every room of the home), they must quickly figure out who is behind the killings before none of them are left alive. A mystery set in 1960s Harlem Amazon "Harlem Shuffle" by Colson Whitehead, available at Amazon and Bookshop, from $17.91This historical fiction mystery book is about Ray Carney, an honest neighborhood furniture salesman, who falls into a disastrous heist with his cousin in 1960s Harlem. Walking the line between upstanding citizen and criminal, Ray finds himself caught in a tangle of mortality in this new novel from Pulitzer Prize-winning author Colson Whitehead. A cozy mystery perfect for foodies Amazon "Arsenic and Adobo" by Mia P. Manansala, available at Amazon and Bookshop, from $14.40In this delicious new mystery book, Lila Macapagal is recovering from a devastating breakup when she's tasked to help save her Tita Rosie's struggling restaurant. When a food critic (who just happens to be Lila's ex) dies moments after a confrontation with Lila, she becomes the chief suspect and must begin her own investigation to prove her innocence in this witty mystery. A complex mystery with a twisted ending Amazon "The Silent Patient" by Alex Michaelides, available at Amazon and Bookshop, from $12.99Alicia Berenson seems to live a perfect life as a well-known painter with her famous photographer husband — until one day when her husband returns home late and Alicia shoots him five times in the face and then never speaks again. Obsessed with Alicia's case and determined to find a motive, criminal psychotherapist Theo Faber sets out to uncover the truth in this gripping mystery with a fantastic final twist.  A suspenseful mystery set on an Indigenous reservation Amazon "Winter Counts" by David Heska Wanbli Weiden, available at Amazon and Bookshop, from $14.49Virgil Wounded Horse serves as the community enforcer on his reservation in South Dakota, so when heroin begins to affect his community and a terrible incident hits close to home, Virgil is determined to stop the influx of drugs from hurting anyone else. Teaming up with his ex-girlfriend, Virgil follows a lead to Denver and finds himself in a complex situation — one that will test his identity, community, and loyalties. An entertaining mystery about four unlikely detectives Amazon "The Thursday Murder Club" by Richard Osman, available at Amazon and Bookshop, from $13.39In a quiet retirement community, four elderly friends gather every Thursday night to talk about cold case murders, dubbing themselves "The Thursday Murder Club." When a local man is found dead with a strange photograph left next to his body, The Thursday Murder Club uses their sharp wit and skills from their former careers to defy all the stereotypes and solve the crime in this entertaining mystery loved for its rich and lively characters.  A murder mystery about a copycat serial killer Amazon "A Killer's Wife" by Victor Methos, available at Amazon and Bookshop, from $6.99In this mystery known for keeping readers on the edge of their seats, Jessica Yardley is a prosecutor who has moved on with her life after her ex-husband went to prison for a series of violent murders 14 years ago. When a string of new copycat murders begin once again, the FBI recruits Jessica to help find the killer, meaning working with her ex-husband and reliving the darkest days of her life. A suspenseful courtroom mystery novel Amazon "Miracle Creek" by Angie Kim, available at Amazon and Bookshop, from $11.63In this gripping courtroom mystery with multiple perspectives, a group of people in a small town in Virginia are brought together over a hyperbaric chamber that claims to cure anything from autism to infertility. When the chamber explodes and two people are killed, it's clear the explosion wasn't an accident, but it's not clear who is at fault. As the mystery unfolds, layers of secrets are revealed in this beautiful mystery about parenthood, healing, and the effects of our choices. A historical murder mystery Amazon "The Mimosa Tree Mystery" by Ovidia Yu, available at Amazon and Bookshop, from $14.71"The Mimosa Tree Mystery" is a historical fiction mystery story set in 1930s Singapore. It follows Su Lin, whose uncle is detained by the Japanese as retaliation for the mysterious murder of his neighbor, a known collaborator and blackmailer. When a former spy named Hideki offers Sun Lin's uncle in exchange for her help in finding the real killer, Su Lin discovers there is far more resting on this investigation than just one life. A terrifying mystery about a young girl's dreams gone terribly wrong Amazon "Grown" by Tiffany D. Jackson, available at Amazon and Bookshop, from $10.49When 17-year-old Enchanted Jones catches the eye of legendary R&B artist Korey Fields at an audition, she's offered the chance to make all her dreams come true and is ready for stardom, no matter the cost. One day, Enchanted wakes up with blood on her hands, Korey Fields' body next to her, and no memory of the previous night. In this emotional mystery, Enchanted must recount the horrifying details of the months prior in order to understand how something so terrible could have happened. A murder mystery with a paranormal twist Amazon "Opium and Absinthe" by Lydia Kang, available at Amazon and Bookshop, from $8.49Set in 1899 New York City, Tille's sister is found dead — drained of blood and with two puncture wounds on her neck — and with the recent publication of "Dracula," Tille can't help but suspect a vampiric murderer. Tille is desperate to find out what happened to her sister, but as her obsession with the case intensifies, so does her addiction to opium. As each vice consumes her life, Tille struggles to know what's real in this Victorian-era murder mystery. An exhilirating mystery focused on Indigenous culture Amazon "Firekeeper's Daughter" by Angeline Boulley, available at Amazon and Bookshop, from $10.23Daunis Fontaine is an 18-year-old, biracial, unenrolled tribal member who has put her schooling on hold to care for her ill mother. When Daunis witnesses a shocking murder, she begins her own investigation to track down the criminals and protect her community, all while learning what it truly means to be a strong Ojibwe woman. The first mystery featuring a famous detective duo Amazon "A Study in Scarlet" by Arthur Conan Doyle, available at Amazon and Bookshop, from $5.99"A Study in Scarlet" was the first novel to feature the famous detective duo Sherlock Holmes and Dr. Watson. First published in 1887, this story tells the origin of Holmes and Watson meeting as new roommates and solving their first murder together, which proves far more complex and intricate than either could have imagined. A gripping mystery about a missing woman Amazon "When You Look Like Us" by Pamela N. Harris, available at Amazon and Bookshop, from $16.55When Jay Murphy's sister, goes missing, he knows the police won't go looking for her, seeing as they don't search for most Black kids that go missing from the projects. To make matters worse, the local news picks up the story of his sister's disappearance and twists it into a scandal. Despite the mountain of obstacles in his way, Jay is determined to find his sister in this gripping and authentic mystery about race and the dangerous power of stereotypes. An emotional and heartfelt mystery about redemption Amazon "Razorblade Tears" by S.A. Cosby, available at Amazon and Bookshop, from $20.10In this emotional thriller, Isiah and Derek are married and when they're both found murdered, their fathers each get a knock on the door with the terrible news. Fathers Ike and Buddy are flawed ex-cons with little in common besides their love for their sons, determination to find out who killed them, and a thirst for revenge. An engrossing mystery that demands to be read in a single sitting Amazon "The Push" by Ashley Audrain, available at Amazon and Bookshop, from $18.20In this tense tour-de-force mystery, Blythe Connor wants nothing more than to be the mother she never had, but struggles to make a connection with her young daughter, convinced that something is wrong with her. After Blythe's son is born, she feels all the maternal love and instincts she's always longed for, but when her family's life changes in an instant, Blythe is left struggling to find out what really happened, even if that means confirming her worst nightmares. An exciting mystery novel by an iconic horror writer Amazon "Billy Summers" by Stephen King, available at Amazon and Bookshop, from $17.98Though Stephen King is certainly most well-known for his sensational horror novels, "Billy Summers" is a crime thriller/mystery novel about a man who is an assassin for hire, but only if the target is a bad person who deserves to die. Billy is ready to retire and preparing for one final job, but no matter what he does to prepare, it seems nothing is going how it should. A romantic and highly suspenseful mystery Amazon "Verity" by Colleen Hoover, available at Amazon and Bookshop, from $11.99When bestselling author Verity Crawford is injured in a terrible accident, her husband hires a young and struggling writer, Lowen Ashleigh, to finish Verity's highly anticipated series. While sorting through notes in Verity's office, Lowen uncovers a hidden autobiography, full of terrible secrets — including the truth behind her daughter's death. Deciding to keep the devastating manuscript from Verity's husband, Lowen begins to search for the truth when it seems everyone has their own secrets. A bestselling mystery novel Amazon "Angels & Demons" by Dan Brown, available at Amazon and Bookshop, from $14.94"Angels & Demons" is the first book of the "DaVinci Code" series, which begins when world-renowned symbologist, Robert Langdon, is called to help solve the murder of a physicist who was discovered with a strange symbol seared into his chest. As Robert begins to investigate, he uncovers an elaborate plot against the Catholic Church by the Illuminati. A classic gothic mystery book Amazon "Rebecca" by Daphne du Maurier, available at Amazon and Bookshop, from $10.19First published in 1938, "Rebecca" is a classic mystery story where the unnamed narrator is swept off her feet by a wealthy and famous man named Maximilian de Winter, whose Cornwall mansion is even more famous than he is. When the narrator arrives at the mansion, she soon discovers that the ghostly presence of her husband's late wife is nearly impossible to escape — and slowly uncovers Rebecca's story in this mystery of layered revelations. A murder mystery featuring a vigilante antihero Amazon "Win" by Harlan Coben, available at Amazon and Bookshop, from $14.50When a recluse is found murdered in his New York City apartment, the FBI discovers a clue that not only gives them a lead, but links the crime to two other cold cases including the robbery and kidnapping of an heiress 20 years ago. The clue leads the FBI to Windsor ("Win") Horne Lockwood III, who has no idea how his family's stolen painting could have ended up at a crime scene, but is determined to use his personal connections and limitless fortune to solve the dangerous case. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 11th, 2021

Buchanan: Biden Becomes A Bernie Sanders Democrat?

Buchanan: Biden Becomes A Bernie Sanders Democrat? Authored by Pat Buchanan, “We’ve got the president of the United States on our side,” said Sen. Bernie Sanders Sunday on ABC’s “This Week.” “Got 96% of the members of the Democratic caucus in the House on our side. We got all but two senators at this point in the Democratic caucus on our side. We’re going to win this thing.” The socialist senator from Vermont may be overly optimistic about how the party deadlock on Capitol Hill unfolds. But about the balance of forces inside the party, and the direction where it is headed, Sanders is probably not wrong. Progressive Democrats won the week. President Joe Biden confirmed it by casting his lot with the liberal-left on the sequencing of the $1.2 trillion infrastructure bill and $3.5 trillion social safety net bill pending in Congress. When Biden went to the Hill Friday, it was thought he was coming to rescue and liberate the Senate-passed infrastructure bill being held hostage by progressives until they got their way on the larger bill. Progressives had threatened to sink the roads-and-bridges bill in Speaker Nancy Pelosi’s House, unless they received solid assurances that both houses would simultaneously take up and approve the $3.5 trillion bill. When Biden reached the Hill, however, he threw in with the hostage-takers. He asked for a delay in House passage of his own infrastructure bill, until the demands of the progressives were addressed and met. Pelosi agreed and has put off any House vote on the infrastructure bill until the end of October. Biden had ditched the Biden Democrats and cast his lot with Sanders & Co. Let’s hold off voting on my own infrastructure bill, until we can also deliver what the progressives demand of us, he was saying. The real impediment blocking progress, Biden said, was two senators, Joe Manchin and Kyrsten Sinema, who are blocking the resolution of the issue, which is that all Democrats should agree to enact both bills. By capitulating to the progressives’ demand — which translates to, “Both bills or no bill!” — Biden revealed where he thinks the power in the party resides, where the future is, and what he wants as his legacy. This is not the first time Biden has moved left to accommodate a rising consensus. As vice president, though a self-proclaimed devout Catholic, Biden stepped out in front of Barack Obama to endorse same-sex marriage. During the 2020 campaign, Biden abandoned a lifetime belief about abortion and pledged to remove the Hyde Amendment — a restriction on federal funding of abortions — from federal law. Cradle Catholic Joe has become our most pro-abortion president. But while the moderate-versus-progressive faceoff could still end in a rout for the left, the probability is that the infrastructure bill becomes law and the social safety net bill ends up between Manchin’s $1.5 trillion ceiling and its current $3.5 trillion price tag. One way to solve the sticker-price problem is through subterfuge — reduce the duration from, say, 10 years to five, in the expectation that no future GOP administration would terminate an entitlement program upon which millions of Americans had come to depend for half a decade. As Milton Friedman reminded us, “Nothing is so permanent as a temporary government program.” Nevertheless, this is truly the “transformative” legislation that The New York Times depicted as providing “a cradle-to-grave reweaving of a social safety net.” This Build Back Better bill would provide family and medical leave for illness and the birth of a child, affordable child care during infancy, two years of universal pre-kindergarten, child credits and federal income tax credits, and two years in a community college. If passed in its present form, government will have an ever-present role in the life of a child, almost from conception until his or her early 20s. This would also include established programs of welfare, Medicaid, aid to education, subsidized housing, rent supplements, school breakfasts and lunches, and food stamps. If this bill does not die in the fall, what will America look like a few years hence? Government will have expanded in both size and the numbers of employees, and in relation to a shrinking private sector. A panoply of new programs will expand eternally with the cost growing inexorably. The dependency of U.S. citizens on their government will grow. And this doesn’t even touch upon another aspect. The IRS is to be expanded, and corporate taxes, estate taxes and capital gains taxes are to rise. Government will also step in to force a shift away from coal and oil and gas, with which the country is hugely endowed, to wager America’s future on solar and wind. Hopefully, Manchin and Sinema will employ the leverage they have to prevent the worst of the damage this historically high level of spending — with inflation already rising above 5% — will do. But as to whether the Democrats are a Bernie party or a Biden party, Joe settled that Friday with his capitulation. Tyler Durden Tue, 10/05/2021 - 22:05.....»»

Category: worldSource: nytOct 5th, 2021

A former Beverly Hills mayor is so committed to keeping home prices high that he said the freedom to block dense housing deserves to be protected like gay marriage

John Mirisch said California is tolerant of "lifestyle choices" - like homosexuality - and argued single-family zoning deserves the same protection. Musician Ringo Starr and Beverly Hills Mayor John Mirisch speak at a public art dedication for Starr's donated sculpture "Peace and Love" at Beverly Gardens Park on November 02, 2019 in Beverly Hills. Michael Tullberg/Getty Images Choosing where to live is a "lifestyle choice," like choosing who to love, former Beverly Hills mayor John Mirisch said in a column. Mirisch made the comparison while arguing against pro-development housing activists. His passion on the issue sums up the housing market's tension between the conservative status quo and change. See more stories on Insider's business page. A war is being waged over US housing. Beverly Hills, California, is a key battleground, and one of the city's former mayors feels so strongly about protecting home values that he wrote a column comparing it to the freedom to "love whom you love."The column, by John Mirisch in CalMatters, underscores the wide gap between pro-housing advocates and those looking to protect home values. These groups have acquired the monikers YIMBYs and NIMBYs, as in "yes in my backyard" and their "not in my backyard" opponents. Preventing development in your backyard is good for home values, and for Mirisch, that's beyond a policy debate - it's a lifestyle choice."In California we pride ourselves on being very tolerant of a diverse array of lifestyles and lifestyle choices," wrote Mirisch, who remains a member of Beverly Hills' city council. "Dress how it suits you; love whom you love; define yourself in accordance with your own preferences."In a sign that NIMBYs are threatened by the direction of the debate, Mirisch sounds the alarm. "If living in a home with a garden is your thing, you probably shouldn't expect Californian tolerance from a certain group of people who with cult-like zeal will tell you that your lifestyle is bad, wrong, immoral and even 'racist.'"Mirisch is likely responding to the recent spate of victories by YIMBYs, who are largely millennial and Gen Z housing advocates. YIMBYs argue for denser apartment developments, more home construction, and widespread housing availability. The group successfully pushed Berkeley to reverse its century-old history of exclusionary zoning and, just weeks ago, was pivotal in California outlawing single-family zoning.Mirisch specifically decries how the YIMBY agenda is an "elimination of single-family neighborhoods," and said the activist group's ideals would strip Californians of an important lifestyle option.A handful of Mirisch's claims fall short. For one, homosexuality isn't a "lifestyle choice" that can be likened to music preferences or fashion. Also, YIMBYs argue for more housing density, including duplexes on single-family lots, not necessarily eradicating single-family neighborhoods.Mirisch also leaves unaddressed how single-family zoning has its roots in explicitly racist policy from the early 1900s. For example, a CNN investigation from February 2020 found a contemporary Beverly Hills deed that included language restricting occupancy by "any person other than of the white or Caucasian race."Beverly Hills is among the most expensive neighborhoods in the US, with median home prices nearing $4 million at the end of August, according to Zillow. The city is therefore one of the least likely to cave to pro-housing initiatives.Mirisch didn't immediately reply to a request for comment.Mirisch is not alone in his passion on housing issues. Over the last year, outrage over property prices has reached a fever pitch, as the dire housing shortage is keeping millions from climbing the socioeconomic ladder. Millennials are struggling to buy homes just as they hit peak homebuying age.In most cities, the shift to remote work during the pandemic and record-low mortgage rates kicked off a nationwide homebuying spree in 2020. That drove home inventory to all-time lows, and the market broke down as contractors were slow to bring more houses to market.Price growth is cooling on a monthly basis as the pandemic housing mania subsides, but the barrier to homeownership is now permanently higher.Other solutions exist for shaping a more inclusive housing market. Congress is pushing for a historic construction drive, hoping to solve the shortage with an onslaught of new homes.At least one other California mayor is on the side of the YIMBYs. Berkeley Mayor Jesse Arreguín, who once opposed denser zoning, is now among the most vocal pro-housing officials in the US. He told Insider in September that "single-family zoning was established on a foundation of racism in Berkeley and it's the basis upon which our zoning is built."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 5th, 2021

Ozy Media’s Carlos Watson Addresses The Company’s Downfall

Following is the unofficial transcript of a CNBC interview with Ozy Media Co-Founder Carlos Watson on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Monday, October 4th.  Following are links to video on [soros] Q2 2021 hedge fund letters, conferences and more Ozy Media’s Watson On Path Forward: We’re Going To Have To Change Substantially […] Following is the unofficial transcript of a CNBC interview with Ozy Media Co-Founder Carlos Watson on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Monday, October 4th.  Following are links to video on [soros] Q2 2021 hedge fund letters, conferences and more Ozy Media’s Watson On Path Forward: We’re Going To Have To Change Substantially Ozy Media’s Watson Addresses Numerous Scandals Leading To Company’s Downfall ANDREW ROSS SORKIN: Welcome back to “Squawk Box.” Our next guest is here to give us a first-person account of the dramatic rise and fall of Ozy, a roughly 8-year old new media company that collapsed last week following reporting The New York Times about a series of allegedly misleading statements and actions. We’ve been talking about it all week, Ozy Media Co-Founder Carlos Watson is here with us on the set. Carlos, good morning to you. CARLOS WATSON: Morning. SORKIN: We have so many questions that have been unanswered and I’m hoping you can help us with. The first though— WATSON: Do you mind if I start at the top though? SORKIN: Well I think what you’re about to say because we just heard that, and we talked about it as a collapse. On Friday, the company said effectively they’re, it was going out of business. WATSON: Said we’re going to suspend operations and begin an orderly wind down but over the weekend, good conversations with investors, with advertisers. I was warmly surprised to hear from a number of folks readers, viewers, others, and as embarrassing sometimes as it may feel to do, I realized that we were premature. I realized we have something special here. I think that there’s a really good opportunity and part of what last week showed me is not only that we have lots of things that we have to do to improve. We do and I know we’re going to talk about some of those today. But I very genuinely feel like we have a meaningful important voice in what is maybe the most transformative decade and a half century, and I want Ozy to be around and be a part of it. I want people to read our newsletters. I want them to watch our TV shows. I want them to enjoy our podcast. I want them to come to our live events. I think all of that matters. SORKIN: Okay for them to do that, if that’s going to be the case, they’re gonna have to trust you and they’re gonna have to trust the Ozy brand. WATSON: Right. SORKIN: So, let’s talk about that trust because I think there’s, there were so many questions raised by the reporting that that was in the New York Times last week plus lots of other reporting in other places. And let’s just say this, lots of Ozy was real. I just wanna say that out loud, which is to say, the newsletters exist, the festival exists, the advertising exists. You’ve won an Emmy, that exists. But I think there’s other questions about whether the numbers were inflated. We heard about this phone call between your co-founder and Goldman Sachs apparently impersonating somebody from YouTube. We’ve talked about the advertising that suggested that said one thing, but the quotes necessarily, didn’t necessarily come from where they said they were coming from. I think we need to just try to the extent that you can clear the error, explain it— WATSON: Sure. SORKIN: Let’s do that. Let’s start with this phone call though because that’s what sort of set this whole thing off. Your co-founder had a phone call with Goldman Sachs as you were trying to raise money and effectively took them off of a Zoom, and then apparently started to impersonate within it with a fake email address as well, somebody from YouTube. What happened? WATSON: I don’t know. I wasn’t there. But I do know that I got a call from the YouTube folks after it saying something strange had happened, and we figured out what happened. I immediately called back to the folks at Goldman, right away, not four days later as I think someone wrote at one point and, and look, it’s heartbreaking, it’s wrong, it’s not good, it’s not okay. I love Goldman, I worked there, I’ve got a lot of friends there, you know, to this day several months afterwards. I’m grateful to them that, you know, we’ve formed a new advertising partnership and so, you know, hopefully there was some sense of trust regained, but there’s no doubt about it that that was not okay and that fractured a lot of trust not just there, but obviously, you saw what happened in a very tumultuous week last week, SORKIN: But part of what was happening in that instance from what I understand is, you had represented, and the company had represented at one point that your show was going to appear originally on A&E, by the way represented to me because I appeared on your show, and when I first got that email from the producer, it said this show was on going to be on A&E with 95 million households and I remember sitting down actually when I was about to do your show and I said to the producer in the, in the ear I said, “By the way, when does this air?” Thinking it’s going to air on A&E and she said something like, “We, you know, we’re really leaning in hard to online media, this is actually a YouTube Original.” But what it now appears like is it actually wasn’t a YouTube Original either. And in fact, that was somewhat of what the discussion or the issue was with Goldman Sachs, that you were uploading these videos to YouTube, but a YouTube Original is something where you say they’ve effectively commissioned the program. WATSON: So lots of miscommunication in that but I want to clarify that one because I think that that was definitely one where we lost a lot of trust. We originally conceived the show with A&E, you’ve seen the announcements that we have, have a partnership with them or a multi-year partnership. You know we’ve done shows on A&E, on their sister network History Channel, on Lifetime Channel, did good things. And originally during the summer, the conversation was with them. We created a sizzle reel together. We talked about which guests and things like that. And as the summer moved on, we realized that they were on a different timetable than we were and so, we shifted to YouTube. Now in the back of our mind we thought there still could be an opportunity for us to come back to them, but we clearly shifted to YouTube. I know that for you and for a number of other people, you got emails on that. That was wrong. I don’t know whether that was a mistake or whether that was intentional but whatever it is, that was wrong. SORKIN: But the executive producer that you hired believed that he was making a show for A&E and in fact, suggested on the record in the New York Times this week, or last week, that the show, every time he was told that he wanted to call someone at A&E, he was told effectively not to. WATSON: You know, I don’t know about that but I have to say this, I made a really bad decision last week and I didn’t respond to your text. I didn’t respond to texts lots of other people I know and I wish I had engaged with the media, had good conversations because I felt like after that piece, it was kind of like open season for people to throw whatever crazy half-truth and put it out there. Now, to be really clear, some of the things that came out last week were mistakes that we made, I know that we’ll talk about those too, but that’s a good example of one that I think that’s true. That same producer you’re talking about is the same producer who’s texted me multiple times since then with multiple exclamation points saying congratulations on the show bringing Matt Damon on, congratulations on the show now appearing on Amazon Prime. So, look, there’s no doubt about it that last summer, as the show started, we originally hoped that we were going to do with A&E and it ended up shifting to YouTube and, and, and I am sure that we did not communicate that well and I own that and that’s— SORKIN: But you use the word half-truths. I think there’s more than a half-truth or, or a half-lie in that which is the producer actually said to you specifically that you were lying to the staff about the fact that this show was supposed to be on A&E and then apparently lied again when you said it was gonna be a YouTube Original. WATSON: I disagree. I don’t think that’s true. So, both pieces of what you’re saying, which is the idea that he said to me that I was lying— SORKIN: Right. WATSON: And number two that I then said to the staff that it was YouTube Original, right. Clearly it wasn’t a YouTube Original and knowing what a YouTube Original was, it clearly wasn’t that. And let me— SORKIN: But why did they believe that it was a YouTube Original? Why were they telling me by the way that it was YouTube Original? WATSON: I hope that it was only a mix up of words, right. I hope that’s all it was. It may not have been but I hope there was only a mix up of words. But Andrew, what I don’t want to have obscured is that we didn’t do one or two episodes of the show, we’ve done 200 episodes and when Scarlett Johansson has come on, when Dr. Fauci has come on, when H.E.R. has come on, when Mark Cuban has come on, when Malcolm Gladwell has come on. SORKIN: But no one is— WATSON: Hold on one second. They come on knowing that they’re coming on a terrific YouTube show that has a chance to reach a really dynamic audience. SORKIN: Nobody’s disputing the quality of the program but by the way you just mentioned this being on Amazon Prime which became another issue is that you advertised it was the first show, first talk show on Amazon Prime. You were uploading that show to Amazon Prime. I remember seeing that ad for the first time thinking wow good for Carlos, Amazon Prime has commissioned him. That’s amazing. And then I found out when I read the story, that in fact you were just simply uploading it like anybody could. WATSON: It’s not. No, no, no, timeout guys and again, thank you for this time. I know we are going to spend a lot of time, Joe, do you mind if I hit this first and then come to you? JOE KERNEN: I’m just seeing like a pattern and I’m just wondering who is in charge that decided— WATSON: You know what? Let me, let me answer that and let me come back there because that also ties to the question of regaining trust and there’s a larger question, that’s totally legitimate question. So, to be really clear, getting on Amazon Prime, not everyone can upload it. That’s a very rare thing and this suggestion in one of the articles is just like any random yahoo can do that. You can’t do that, you should talk to the folks at Amazon and not believe some of the, you know, not very good reporting about that so it is a big deal. Number two, our understanding from them is that we were the only talk show and part of what was special about that is that they hadn’t done it otherwise and they weren’t in a place yet where they were willing to put their own money, but what they were willing to do in terms of a large upfront payment, but what they were willing to do and what they do for a few people is allow you to be part of Amazon Prime where you take risk and they take risk and the more views you have, the more you get paid. SORKIN: But to put a fine point on it. WATSON: Hold on. Hold on. SORKIN: They then asked you to stop advertising this point. WATSON: Well, but they asked to stop everything because what they said to us and what they said to me is because we are not convinced that we’re definitely gonna get in the talk show business and if you advertise it like that, you’re gonna have lots of other people, their agents and everyone calling, so they didn’t say take it down because it’s not true, they said take it down because we don’t want you stimulating more pitches for us in a space that we haven’t committed to yet. Let’s see how you do. If you do well with the interesting guests you have, whether it’s a Priyanka Chopra, whether it’s a Mark Cuban, a Lloyd Blankfein, whomever, then great and we’ll see where we go from there. So, please with all of these things let’s have the conversation, right, because we definitively made some mistakes and Joe I know we want to have a larger conversation about whether mistakes were ingrained in who we are or whether, like a lot of young companies, we made mistakes but that was the 20% not the 80% of who we are, but let’s go through all of these because I think that’s a super important point. We are on Amazon Prime, it’s a very difficult place to get. There are only two ways to get in there, you can either get a meaningful upfront payment and they drive it or for a few people, they say you’re special enough and if you want to take risk, and we’ll take risk, we’ll do that together and we bet on ourselves and we did it and our understanding and talking to them is that we were the only talk show and their hesitation about having it out there was not that it wasn’t true but that they didn’t want to stimulate more demand and so I want to clear that up and I think that’s important. SORKIN: Okay, Becky’s got a question for you. BECKY QUICK: Carlos, really quickly, back to the issue of— WATSON: Becky, I apologize, I’m not hearing you yet. QUICK: Oh sorry, maybe they can turn on the microphone. Can you hear me now? SORKIN: Can you hear her? WATSON: I don’t hear her yet. QUICK: Okay, maybe it’s not back. Joe’s got a question, why don’t you let him ask. KERNEN: Mine, I’m just wondering, the, the aggressive marketing that caused sort of to oversell and you could call it aggressive or someone was downright just this falsehoods about where, you know, you buy some advertising somewhere and then the entity suddenly the LA Times is saying — who was that, who because it happened again and again, again, do you have a head of marketing or— WATSON: But let me start with a macro place Joe and I’m saying this in order to address this and address it comprehensively because it’s important. KERNEN: Right. WATSON: Again, as you said before and as you know because I’ve been here with you before. We have a real business. We have real newsletters that millions of people get. We have real TV shows that people watch, we’ve won an Emmy. We have real podcasts that have been in the top 10 on Apple. We have real festivals that people come to. We have tried to market these very different franchises, about 25 in all, we’ve tried very hard to market them well. I would tell you that one of the mistakes we made is that sometimes we were too aggressive in marketing them unequivocally and I own that, not anyone else, I own that. That’s my mistake. I’m the CEO, I’m responsible that we tried our best. Now, do, if you’re asking me do I think that we got it wrong 50% of the time or 80% of time? No. If you ask me do I think we got it wrong 20% of the time? Yeah, we probably did and that’s on me and I own that and one of the things I hope will be true of that going forward is we’ll be much better about that, much crisper about that. KERNEN: So, 80% of the marketing was, was true, I don’t think that’s true. WATSON: Why do you not think it’s true? KERNEN: I just heard of some of the best— WATSON: Look, it was an incredibly salacious week and I do think at some point I hope you will invite me back to talk about the state of journalism, and I want to talk to Andrew and Becky about that too. I thought last week there was, there was not only real critique and there was, and make no mistake about it, I own the things that we need to do better on data, the things we need to do better on marketing, the things we need to do better on leadership and culture. I clearly own that and clearly have thoughts about where we can go from there. But in addition to that, I thought there was a wild piling on that was inappropriate, and that left you, and a lot of other people saying, is this everything about Ozy? Even Andrew, Andrew I look back, you sent me a text after you were on my show and you said, I’ve never had so many people tell me that they were watching the show, where did you get that magic from. You remember sending me that text? SORKIN: I remember looking at the, I think what I said to you, I think was— WATSON: No, no, no, I— SORKIN: You can get it because I remember being amazed by how many people were watching it on YouTube. WATSON: You told me in the text, you said and I’m happy to bring it. SORKIN: You can. WATSON: You said on the text to me and I’ll read it here to you if you like. You said to me— SORKIN: I was amazed how many people were watching it. WATSON: You said to me quote on August 29th at 7:54pm, “You have a big audience on YouTube, I keep hearing from various people who say they saw it.” I keep hearing from various people saying that they saw it. “I’d love to talk to you.” SORKIN: Right. WATSON: So that’s what you said, keep hearing from people. So, look, I just, I need you guys to be fair about this and thoughtful about this and not just go with this kind of one way digital mob. SORKIN: I know and Becky’s got a question but I want to ask you one other, which relates to the newsletter franchise, one of the things you’ve talked about is having 26 million people getting this newsletter. And I don’t disbelieve that you have 26 million addresses in your database. You can buy some of those, you can do some of that organically. But I also saw an investment deck that you had. WATSON: You can partner. SORKIN: Right, you can partner. WATSON: And I’ve partnered before on newsletter efforts with The New York Times. SORKIN: But I did see, I saw an investment deck that said you had a 25% open rate on those 26 million newsletters, subscribers. That is a very high open rate for what I don’t believe is a fully organic list. Can you, can you speak to that? Was it really, do you really have a 25% open rate on 26 million newsletters? WATSON: We do not. But, but I hope what it said and I don’t know which deck you’re referring to, I hope what it said is that for our best most regular people that it was 25%. So, of that 26 million, that 10 to 12 million who were the most regular, I hope what it said is that we have a 25% open rate, I hope that’s what it said. SORKIN: This was a deck for your, for your Series D, which brings me to another question. The investors who invested after this now infamous call between your executive and Goldman Sachs. Were they made aware of the call and the questions that have been raised that we’re now talking about today? WATSON: You know what, because you know that that is fraught and there are a lot of questions, I’m not going to go into that but I will say this and I think this is really important and when we talk about investments you know this with private companies, when you invest in a private company, you don’t just have one conversation or there’s not one data point. You and I both know that it can be a three to 12-month process. You and I both know that you often, if you’re the potential investor, you often have dozens of conversations both ones at the company sets up but also ones that you do yourself and that there are lots of data points and you go through that and you sync it all through and I’m confident that all of our investors and I’m confident that they talk to customers. I’m confident they talk to members of our team. I’m confident that they talk to other competitors. I’m confident that they consumed our newsletters and our TV shows and our podcasts, and many of them would come in the earlier days to our festivals as well so I want to say that because I know we keep having this conversation— QUICK: Hey Carlos. Just on that point though— WATSON: As though— QUICK: On that, on that point— WATSON: Becky, sorry, Becky can I just say one more thing— QUICK: But on that point, I just want to clarify what the point that you’re making right now. We know that the situation the conversation with Samir Rao, that that was a situation that you say where it was a mental break. Was there, were there any other occasions where investors were given misleading information in any of these conversations that you’re talking about right now or was that a one-off event? WATSON: Becky, I hope and I hope and I believe that that was a one-off event. I mean it’s a tragic event, it’s a horrific event, it’s a wrong event. And, and so I hope and trust that that was a that was a one-off. And so, but let me say something else because I think, again, this is important and it started at the beginning of the conversation Andrew. Like, I think it’s completely inappropriate and not thoughtful these kind of comparisons to Theranos. You and I both know that Theranos didn’t have a real product. And again, you’ve been on my TV shows. You’ve seen the Emmy that we won. You’ve received our newsletters at least heard of so— SORKIN: No, no, I— WATSON: So I want to make sure that we have like a grounded, thoughtful conversation and so investors who were thinking about us, considering us, getting to know us by the way, we’re also investing in other companies who were investing in Reese Witherspoon’s Hello Sunshine, they were investing in Business Insider, they were investing in, in the Atlantic and all sorts of other companies and so these are people who aren’t just sophisticated investors but often investors who know the media space, maybe even better than I do. SORKIN: The point that Ben Smith made in today’s column was though, that it was a group think. It was everybody trying to be part of a club and that they actually didn’t do their diligence at all. WATSON: Yeah, so let’s, what I’d say is that I think Ben Smith should never have had a chance to write this piece. I’ve shared with a number of people before that two years ago in August of 2019, Ben Smith sent an email to me and his then CEO Jonah Peretti said I think you guys should get together for the purposes of talking about them buying me. We spent three months in conversation. They had me meet all of their top leaders, folks in marketing, folks in finance, folks in analytics, they went through our numbers backwards and forwards, they put together a joint presentation, and they made us after the end of that, in November, right before Thanksgiving, spending all that time doing diligence, Joe they made us an offer of nearly a quarter of a billion dollars for a company that Ben Smith now sets up as though it’s a house of cards and it was just group think. How is that possible that Ben Smith who’s been in new media for that many years, kicked off a process, followed up with me and they ended up making an offer for nearly a quarter of a billion dollars, $225 million, for something that they now say was group think and it was made up. And when we said no to him once and said no to him twice, two weeks later he quit, went to the Times and his first column in March of 2020 was, I guess, new media can’t work, I guess I’ve got to join the Times. Just because it didn’t work for him, not okay for him now to take a potshot at us and did he tell his editor that he was conflicted when he was writing about us. Did he tell his editor that he still owns lots of stock in Buzzfeed and that he tried to buy us? He didn’t. I don’t think that’s okay. I don’t think that’s okay, I don’t think he should have been able to write that piece and write the other pieces and create this false narrative that because Ozy doesn’t look like something he wants it to be and because we said no to him multiple times— SORKIN: But clearly you’re acknowledging that there are things that you, you and the company have done that are misleading. That were fair game for, for a journalist to write about. WATSON: 100% that we should have done better. Three of the areas and there may be more than three, but we definitely should have been better with data because so many of the data tools, only look at digital only, and we’re not a digital media company. I call us a modern media company because we’ve got TV shows, newsletters, podcasts and festivals. So we should have figured out that multi-platform data, we should have been better on the marketing. Joe, we got it wrong, it’s not okay what we did, it’s not, but I don’t think it was 80% of the time, I think it was probably more like 20% of the time and I would tell you that there’s some things around leadership and culture that I need to be better at and we need to be at. QUICK: Carlos, can I just, can I just clarify on that point? The things that you say you own because you were the leader you own it because people under you were doing things you didn’t know about or people under you were doing things that you did know about? WATSON: Becky, that’s such a broad question and, you know, that’s such a broad question. QUICK: No, I’m trying to be specific. It’s right for a leader to say it happened on my watch, it’s my fault. But is it your fault because you didn’t know or your fault because you did— WATSON: Fair. Let me give you a couple. So one on the data, I should have figured out a third party group that could have done, not just digital like Comscore does because Comscore only looks at website traffic or mainly looks at website traffic, but even though it was hard I should have figured out a solution as I now have and we have a third party that has done a preliminary look and hopefully they’ll finish up in the next couple of weeks and we will share it broadly with people and going forward, every month, we will share our data. We’ve got nothing to hide, we’ve got good things there. And so yes, I own that I didn’t make sure that that happened. And I knew that that was critical to us and we did the best we could. We did it piecemeal, but I should have had someone external as an example do it, do it consistently and share it with people in an easy consumable way. QUICK: But I’m sorry when we’re talking about made up marketing numbers, did you know that was happening or not? WATSON: I don’t believe we had made up marketing numbers, Becky. I don’t believe we had made up marketing numbers, and so I’ve heard people say that repeatedly but what it is, in my mind, is it’s Ben Smith and people like him who only believe that what happens on Twitter and websites matter and discount newsletters and discount podcasts and discount TV shows and discount festivals, and so their belief is, if you’re not doing that, if you’re not active on Twitter and doing snarky things on Twitter, then you don’t have a real media company and I, I constitutionally reject that. In fact, a big part of the reason why we’re going to continue going forward is because I don’t think it’s a good world where the only kind of media companies you have or the kind of media companies that get Ben Smith excited, what about the rest of us. SORKIN: I just want to say because I asked you about the email opens before and I’m looking at the deck, I’ll show it to you right here. 25% email opens. Ozy email average 25% open rate, 2.5 times industry and 3% CTR. It doesn’t have a star next to it that says just the people who are actively engaged with you in some way, and— WATSON: You know, I need to look at that more closely but let’s make sure that we do something here, which is that I don’t want, if you and I looked at any small company— SORKIN: Right. WATSON: Or a large company, we would find a handful of things that aren’t great. Just to be really clear, we would, we would find and just because something is sloppy or stupid, doesn’t mean it’s illegal, right. I just want to be really clear about that— SORKIN: Look I’m not, I recognize mistakes can be made, I think the question is whether there’s a pattern and series of mistakes and I think that is the, the larger issue. I’ll raise another one with you, Sharon Osborne, you made a comment on this program, by the way, saying that she was a friend and investor in the company. WATSON: I didn’t say she was a friend. SORKIN: I think we can probably go back and get the tape. WATSON: You know what, play the tape then. Please, go ahead, play the tape. SORKIN: I don’t know if we have the tape— WATSON: You know what, cue up the tape. This is an Obama Romney moment. Cue up the tape. Show me the tape. SORKIN: As we wait for the tape if we can get it. WATSON: So here’s, here’s what I said and here’s what is true. We have a wonderful music and ideas festival that I’ve invited you to many times. Becky you were going to come, as you recall, and you were going to do something. We had a conversation about that you couldn’t do it, we went back and forth with folks to try and see if we could get you to be a moderator of one of the things— QUICK: Yeah, it was something I couldn’t do. WATSON: It’s called OZY Fest and Sharon Osborne and the folks said that that was too close to the name of something they did called Ozzfest. They ended up suing us. We went back and forth and the final resolution was that they would get stock in our company, they would ultimately get about 50,000 shares. And so, I think on this show and maybe a couple of others, in my mind people who own shares in our company, are investors— SORKIN: But you do recognize an investor— WATSON: Hang on, hang on. Hey can I finish? SORKIN: You tell somebody that they’re an investor, they typically do that proactively and you didn’t say by the way, they happened to get shares instead of cash. WATSON: Andrew. SORKIN: I mean there’s a difference. There’s a difference. WATSON: Andrew, no doubt that there’s a difference but also if you put the blink test on this, the Malcolm level blink test, do you think I’m really saying to serious investors invest because Sharon Osborne? Like do you really think that’s like a calling card, like seriously, is that a calling card like just the blink test here. You really think that’s what I was doing or do you think you and I were having a light moment and we were making a joke and I said that, like play the tape. I’m sure it’s a light moment and there’s no one I’m going to say, hey, you know why you should invest because Sharon Osborne is in Ozy. I’m not gonna say that we were probably having a light moment I hope you’ll play the tape. SORKIN: What do you say to people, and I want to go back if we could to this though, you’re going to try to continue this company and, and keep going. WATSON: And it will be tough and it will be tough, as you said we will to, Joe, we will have to regain trust. SORKIN: The investors apparently have left the company. I mean Ron Conway effectively said I’m giving back the shares. WATSON: And again, I need you, Andrew, as sophisticated as you are about this stuff, like, you know, that we’ve raised millions of dollars of capital and Ron Conway put in $50,000. And so for you to keep banding about Ron Conway— SORKIN: It’s the first time I’m mentioning his name. WATSON: Hey, hey, today, right. But you mentioned it before last week so for you to keep banding that about like that’s a substantive big decision, like that’s not accurate and that’s what I meant before Joe about these things that are misleading. So, I’m sorry to see them go. He’s a terrific investor. SORKIN: But why do they, why do they abandon the company if things are as, as good as you say they are. Marc Lasry, by the way, defended you initially said that he thought that this mental health issue was real, said that it was dealt with appropriately. You know, 72 hours later, he’s gone. Why? Tell us about that conversation then. WATSON: Can’t, can’t speak to that except to say it’s heartbreaking. I am a big fan of Marc’s. I’ve been lucky to get a chance to work with him. He was great as an investor, as a board member, as a chairman. He joined me here on this show, as you know, I think more than once. He helped me with a number of our key business development efforts and so he was great and I’m, I, you know I don’t want to put words in his mouth, but I’m sure he and I both wish last week hadn’t happened. I think we both felt like Ozy had had some incredible momentum this year, which is part of the reason why he became chairman. I think we both hoped that a lot more will happen but part of my opportunity going forward is to make sure that we build back stronger, that we create something that he and others can be proud of and, you know, Joe, you probably remember Tylenol situation, years ago, right. And that was a moment of leadership, that was a moment when it looked like an important company was going to go away. KERNEN: Timber. WATSON: You remember that? KERNEN: I remember it well. WATSON: And so, you know, look at our best and we, we may not get there, right, this is gonna be hard but at our best, this will be our Lazarus moment, right, at our best, and we may or may not see— SORKIN: So, tell us, what do you think you need to do at this point. By the way, you’re gonna have to get, I assume, maybe more, more investors though I know you have some cash still on hand, you’re gonna have to bring back the advertising community to ultimately support this and then readers and the public. WATSON: And so I think the first thing I have to do is think about my team. SORKIN: How are they gonna stay with you by the way? WATSON: You know what? That that’s a good question. That’s a good question. SORKIN: Have you talked to them? WATSON: I’ve talked to some of them. Obviously this has all happened very quickly. It’s a terrific team, they were as traumatized last week as I was as heartbroken as I was. I mean, whenever you want to say, you and I both know that when you ever you met people from Ozy, they loved Ozy. They weren’t kind of going through the motions, it wasn’t just like they loved Ozy, right, and so and so— SORKIN: But by the way, there were a number of reports last week from at least ex-employees who clearly didn’t love Ozy. WATSON: Fair enough. Of the, of the nearly thousand people we’ve hired over the last decade, part time and full time from freelance reporters to software engineers to people doing our festivals, crews on our TV shows and other folks, we did have people. And people ran with stories from for example one gentleman who we fired for lying multiple times but they set him up and allowed his quote Potemkin village or things like that to run wild as though he was a credible source, I don’t think that’s okay. Right. And so, I’m happy to have conversations about that and I’m happy to walk through that. But here’s the bottom line when you ask me what I need to do next, got to make sure that our team is in a good place and that’s not going to be easy and you and I both know that, have to make sure that we regain the trust of investors that’s not going to be easy either, have to make sure that we deliver really premium products. So at the end of the day, if we don’t have a newsletter that people want to read, if we don’t have TV shows that people want to watch, we don’t podcasts that people put on their headsets and go for a safe swim like we don’t have anything. If we don’t have an OZY Fest, that you can come to we don’t have anything so that’s going to be important. And the last thing I would say that’s going to ultimately be really important is we have to change. We have to change substantially on data, on leadership and culture, on marketing. SORKIN: Carlos Watson, we very much appreciate you being here. WATSON: You know what I wish I’d come last week— SORKIN: But one thing I can tell you is that I do wish you luck, I really do. WATSON: Thank you. Thank you. I hope I get a chance to come back. SORKIN: Thank you, Carlos. KERNEN: Thank you. WATSON: Thank you Joe. Thank you Becky. Updated on Oct 4, 2021, 1:30 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 4th, 2021

GOP senators wrote Schumer a letter claiming reconciliation bill will "effectively discourage marriage" by raising taxes on couples

"Federal policy should be designed to foster strong marriages, which are the foundation of strong families and strong communities," the letter said. Katleho Seisa/Getty Images Sens. Mitt Romney, Susan Collins, and Marco Rubio were part of the group who signed the letter. The Earned Income Tax Credit helps low- to moderate-income families get a tax break. Spouses without children filing taxes together must earn less than $27,380 to qualify for the credit. See more stories on Insider's business page. A cohort of Congressional Republicans led by Arkansas Sen. John Boozman wrote a letter Thursday to Majority Leader Chuck Schumer and Senate Finance Committee Chairman Ron Wyden in opposition to a measure included in the House of Representatives' reconciliation bill that they said would "effectively discourage marriage."The group criticized a "marriage penalty" in the current draft of the bill that may disqualify some low- and moderate-income families from receiving an Earned Income Tax Credit (EITC).Couples incur marriage penalties when the taxes they pay jointly exceed what they would have paid if they remained single and filed as individuals, according to the Tax Policy Center."Discouraging marriage is not in our country's best interest and sends the wrong message to our families," the letter said. "Federal policy should be designed to foster strong marriages, which are the foundation of strong families and strong communities."-Senator John Boozman (@JohnBoozman) October 2, 2021EITC helps low- to moderate-income workers and families get a tax break, which could increase based on the number of eligible dependents, according to the Internal Revenue Service.Under the American Rescue Plan, a $1.9 trillion package that aided the United States' recovery amidst the COVID-19 pandemic, the tax break was boosted through 2021 to cover more taxpayers without kids, CNBC reported.However, a sharp income phaseout, a gradual reduction of a tax credit as a taxpayer's income approaches the upper limit to qualify for that credit, may cause some couples to incur a marriage penalty. Single filers are eligible for the credit if they have no children and their earned income is below $21,430, while spouses without children filing together must earn less than $27,380, according to CNBC. Additionally, a single worker with no children may marry someone with a kid, eliminating the benefit altogether or reducing what the spouse with a child could have received if they stayed single, CNBC said. 33 Republican senators, including Mitt Romney, Susan Collins, Tom Cotton, and Marco Rubio, co-signed the letter, which stated that the provision would "build bigger barriers for couples to marry."Despite barriers to qualify for EITC, President Joe Biden enhanced the 2021 child tax credit, which has a high-income phaseout - $150,000 for married couples filing jointly - that could offset penalties marriage penalties for some families, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center, told CNBC.To see if you qualify for EITC, use this tool provided by the IRS.Read the original article on Business Insider.....»»

Category: smallbizSource: nytOct 3rd, 2021

Bill Gross Found Guilty Of Contempt, Ordered To Spend Five Days In Jail In Suspended Sentence

Bill Gross Found Guilty Of Contempt, Ordered To Spend Five Days In Jail In Suspended Sentence The good news: the ridiculous Laguna Beach saga involving billionaire Bill Gross and his millionaire neighbor trying may be finally ending. The crazier news: Orange County Superior Court Judge Kimberly Knill found Gross and his wife Amy guilty of contempt of court, ruling Friday that they flagrantly violated an order she issued last year prohibiting them from playing music too loudly in their backyard. The judge then ordered Bill Gross to spend five days in jail for flouting her order not to annoy his neighbor with loud music, but since rules don't apply to the rich, she immediately put the jail sentence on hold, citing the Covid-19 pandemic, and fined the Grosses $1,000 each while ordering Gross and his wife to do two days community service. It is what Bloomberg called a "surreal turn of events" for the man once known as the “Bond King,” whose obsessive drive brought him to a pinnacle of the financial world, managing billions of dollars at Pimco (he quit after leaving a handwritten resignation letter in the middle of the night) and whose excessive and at times erratic behavior has now culminated in an incarceration for a dispute that for many could’ve been resolved over a garden fence. Gross personal life followed the arc of his career, and in 2017 his 31-year marriage to Sue Gross ended in a bitter, widely publicized divorce that became the subject of tabloid reports after it was revealed that Gross allegedly left dead fish and other vile smelling liquids in the Southern California mansion he shared with his ex-wife Sue. Gross has said he’s been diagnosed with Asperger’s syndrome and believes it helps explain not only his success but also why he could, by his own admission, rub people the wrong way. That's when crazy really got going, and what should have otherwise been a quiet retirement quickly devolved into yet another feeding frenzy for the tabloids. Shortly after purchasing a multilevel home on a bluff overlooking the Pacific Ocean in Laguna Beach in 2018 for $35.8 million... ... Gross raised the ire of his neighbor, tech entrepreneur and millionaire Mark Towfiq, by putting a protective net over a Dale Chihuly sculpture in his yard. The details of the spat are by now the stuff of legends: the fight between the two cliffside neighbors boiled over after Gross installed a large glass art installation near the property line they share with Towfiq and his wife, Carol Nakahara, according to court records. After unsuccessful attempts to privately resolve the dispute with Gross and his staff over several months, Towfiq reported the matter to Laguna Beach. The glass art installation at Bill Gross’ home that sparked a feud with his Laguna Beach neighbor. Courtesy of Orange County Superior Court After Towfiq complained, Bill and Amy Gross responded by blasting music outside, including repeatedly playing television theme songs such as “Gilligan’s Island.” Towfiq said the Grosses were trying to pressure him to drop the complaint with the city. Important update in the @PIMCO founder Bill Gross neighbor dispute in Laguna Beach. Here's video his neighbor took of the alleged loud music that's prompted a new evidentiary hearing in the restraining order case. Part 1 YOU BE THE JUDGE: — Meghann Cuniff (@meghanncuniff) July 20, 2021 At one point, Bill Gross - who was filmed semi-naked by his neighbor - pulled his best Walter Sobchak impression, saying “I’ve been in Vietnam and I’ve faced bullets from the Viet Cong. I’m not saying this incident was anything like that.” Watch these clips and decide for yourself. Who’s out of line here? Underwear-clad Bill Gross with @50cent’s “In Da Club” blasting? Or Mark Towfiq, the neighbor who’s filming him? Part 1: — Meghann Cuniff (@meghanncuniff) December 7, 2020 Judge Knill agreed with Towfiq and in December ordered the couple to stop playing music when they weren’t outside and to abide by municipal codes and not disturb their neighbor’s peace. That lasted about six months, Towfiq said. Towfiq and his wife testified they were jolted out of bed while watching TV in July by loud music coming from the Grosses’ property. Towfiq took videos to record the music and Nakahara called the police. Although officers urged the Grosses to turn off the music, and expressed sympathy to Towfiq and his wife, no charges were filed. Bill and Amy Gross insisted the music was within the legal limit of 60 decibels and they turned it off shortly after being asked to do so by the police. During the trial, Knill toured the two properties and got to hear what the music sounds like from Towfiq’s home at various levels. She was also shown videos from Towfiq’s phone, security camera and one from Amy Gross’s iPhone that showed the former professional tennis player yelling “I am outside,” while in the pool. She said she had to announce she was outside so Towfiq wouldn’t call the police. Ultimately, both neighbors claimed they were the victim of the others’ harassment. Gross’s lawyer Patricia Glaser then accused Towfiq and Nakahara of weaponizing the judge’s December order, while Amy Gross testified she feared going into her own backyard. “I couldn’t have my wedding reception there,” Amy Gross, who married Bill at their home in Indian Wells in April, told the judge. “I couldn’t have my birthday there.” Meanwhile, Gross testified his ongoing feud with the neighbor has him feeling like he’s in prison, but vowed he wasn’t going to be forced out of the house. But Nakahara said she felt helpless because neither the judge’s December order, or calling police, has changed the Grosses’ behavior. “What else are we supposed to do?” she asked the judge. In the end, one can only hope that the suspended sentence will finally bring peace to billionaire's alley in Laguna Beach. Then again, it probably won't: *GROSS SAYS CALIFORNIA JUDGE WAS BIASED AGAINST HIM, WIFE Tyler Durden Fri, 10/01/2021 - 19:00.....»»

Category: blogSource: zerohedgeOct 1st, 2021

SCOTT GALLOWAY: Colleges in the US are enforcing an emerging caste system that could have disturbing consequences

Admissions departments are restricting opportunities to "the children of rich people and kids who are freakishly remarkable at 17," says Galloway. Galloway says colleges are becoming increasingly out of reach for the average American student. Sean de Burca/Getty Images Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is a recent blog post, republished with permission, that originally ran on his blog, "No Mercy / No Malice." In it, Galloway says college education and its benefits need to be expanded to more people - including men. Each of the following trends, in isolation, is perplexing. In concert, they are disturbing: Scott Galloway I've mentioned this topic before, highlighting an emerging crisis among young men, and it elicits a range of emotions and responses - especially in the reductionist world of social media. Scott Galloway Thanks, Roxane.Neither the sex lives of young American men nor their relative rate of college attendance is that striking by itself. Except to the men involved. What should trouble all of us is what these statistics portend.Family mattersFamilies are the foundational element of society, and most successful families are the product of an intimate relationship between two adults. The most important decision most of us make in life is whether and whom to marry, and the most important person in our adult lives is our mate. Married people are 77% wealthier than single people, and their net worth typically increases 16% each year they're together. Married people live longer and are happier than single people. Higher marriage rates are correlated with greater GDP per capita, greater economic mobility, and a reduction in child poverty of as much as 80%.The path to forging these relationships typically involves sex. If a young adult hasn't had sex in the past year, it's unlikely that person is on the path toward a long-term bond with someone. To be clear, I'm not suggesting that it is any one group's responsibility to sexually "service" another. What we need to be thoughtful about is how our policies and attitudes ensure that the most people have the opportunity and motivation to pursue long-term, productive relationships.Meet up (online)We used to meet potential mates at school, at work, through friends, and out in the world. No longer. Scott Galloway And online dating … shares flaws with other technologies that scale our instincts. Algorithms are indifferent to social interests, and that, coupled with human nature, gave us January 6 and QAnon.Dating apps sort potential partners into a tiny group of haves and a titanic group of have-nots. On Hinge, the top 10% of men receive nearly 60% of the "likes" - the comparable figure for women is 45%. The bottom 80% of male Tinder users, based on percentage of likes received, are competing for the bottom 22% of women. If it were a country, Tinder would be among the most unequal in the world. Scott Galloway What is driving this division? As with so much else online, dating apps don't change human nature, they focus it - like a kid with a magnifying glass melting ants. Regardless of how we meet potential mates, we sort them in large part based on looks and earning potential. Algorithms magnify that effect.Women are particularly concerned with the earning potential of future mates, across cultures and over time. A 1989 study found that in 37 countries and sub-groups, women consistently value the financial capacity of a potential partner more than men do. In the US, financial prospects were nearly 30% more important to women than to men. In a 2017 survey, 71% of American women said it's "very important" for a man to support his family financially. Only 25% of men said the same about a woman. In sum, women mate (socioeconomically) horizontally and up, and men do it horizontally and down. Scott Galloway Winner take mostMarriage rates in the US have been on the decline for decades. The group that's seen the sharpest decline? Poor men. Between 1970 and 2011, the marriage rate for the lowest earning quartile fell by nearly 35%, while that of the highest quartile fell by less than 15%. Scott Galloway The most powerful signal of earning potential, especially for people in their 20s who haven't yet realized their potential, is a college degree. College-educated men earn a median $900,000 more over their lifetime than those who only graduated from high school. A college degree also increases your chances of getting married by 30%. Scott Galloway The result of fewer men in college? Fewer men that women are interested in.This is good for nobody. It's bad for women, who have fewer potential mates. Men at the top of the pyramid have access to near on-demand sexual partners, but that's a disincentive to forging a long-term relationship, which doesn't bode well for their long-term happiness - see the previous data about the benefits of marriage.And then there's the increasing number of men in the body of the pyramid, who will be left not merely without sex, but without any onramp to the intimate relationships upon which so much of their happiness, and our social capital, is built.Second-order effectsSo what? America spent its first 300 years treating women as second-class citizens - what's wrong with young men getting the short end of the stick for a while? If this were just about fairness or feelings, then fine, let there be churn. But there are several externalities that could have profound effects on our commonwealth and the global community.First, less partnering and propagation means fewer babies. Declining birth rates are toxic for economic health. For a glimpse at the declining-birth-rate future, look at Japan, where birth and marriage rates have fallen to record lows. There are now just 2.1 working-age Japanese for every retiree, the lowest ratio in the world. In the United States there are 3.9. The world average is 7.At the Code Conference this week, automaker and future Martian Elon Musk said: "Possibly the single greatest risk to human civilization is the rapidly diminishing birth rate … No babies, no humanity."My Pivot cohost, Kara Swisher, likes to claim that lesbians and evangelicals are the only groups having kids, but at less than 5% of the population, gay couples would need to have literally dozens of children to reverse these trends … Your move, Kara.Second, a large and growing cohort of bored, lonely, poorly educated men is a malevolent force in any society, but it's a truly terrifying one in a society addicted to social media and awash in guns and coarseness.Men are already more likely than women to believe in conspiracy theories. Increased frustration about their lack of life choices and greater jealousy stoked by the images of success they see on their screens will push underachieving men further toward conspiracy theories, radicalization, and nihilist politics. I say "will" because I'm focused on the future, but a preview of that future is already here. Of the 620 people charged so far in the January 6 riot, 86% are men.Global problems, including climate change and more frequent pandemics, require a massive investment of human capital and a renewed respect for intellectualism … and science.Third, while the forces of technology and social change are taking much from young men, it's unlikely they will lose their political power. This may be the dark heart of the matter. Politicians will emerge from this class, and many more will pander to them. Donald Trump was not an anomaly - privileged men of wealth rising to power on the message that "this isn't your fault," and then demonizing other groups is a greatest hit of nationalism and the facism it often inspires.Men have characteristics which make it easier for them to accumulate and protect wealth and power. Numerous studies have shown that candidates with deeper voices win more votes. A 25% lower vocal pitch is associated with an increase of $187,000 in annual CEO salary. People who are 6 feet tall earn $166,000 more over a 30-year career than those who are 5 feet 5 inches - even controlling for gender, age, and weight. The explanation, many psychologists believe, is increased confidence. One psychologist explains that the "process of literally 'looking down on others' may cause one to be more confident." Since the advent of mass media, every president has been taller than the average American male, and the winning candidate has been on average 1.5 inches taller than his opponent. Overall, American men are over 5 inches taller than American women. Scott Galloway Women who run for office face substantial opposition on the basis of gender, from sexist remarks to disinformation to physical violence. Trumpism, with or without Trump, is the politics of frustration, alienation, and rage. It will only gain in power if these emotions become more prevalent.For 40 years, more women have matriculated at colleges, yet only 24% of Congress is female. What we've witnessed is an explosion in elected officials who pander to a dangerous, and growing, cohort of men who refuse to embrace science - or even agree that there is "truth." Without the connective tissue of truth and science, it will be near impossible to address future pandemics, much less climate change. There's a link between a reduction in opportunities for young men and hundreds of millions of doses of Covid vaccine likely to expire unused by year-end.Turning the tideThe increase in opportunities for women (and for people of color) is an important step forward. There is no justification for reversing these hard-fought wins.However, we must do more.While men enjoy numerous inherent and societal advantages - from deeper voices to private clubs - there are actually significant obstacles facing boys. It starts early, with small differences. For example, 80% of kindergartener parents expect their girls to attend college, while 77% of parents expect their boys to. But such small differences expand over time. The disparity in parental expectations grows by 10 percentage points by fifth grade. Boys act out more than girls and face harsher discipline, especially in single-parent homes, where boys are 13 percentage points more likely than girls to have been spanked in the past week.Overall, one in 4 boys experience at least one school suspension in the eighth grade, compared to 1 in 10 girls. School suspension is predictive of college attendance and college completion, and boys, normalized for behavior, are twice as likely to be suspended. (Black students are also more likely to be disciplined, and black boys face even greater disparities.) Finally, in the nation with the world's highest incarceration rate, men are imprisoned at 14 times the rate of women. And 70% of prisoners didn't complete high school. Scott Galloway We must do more at every level, but I'd focus on college, because I believe it's a transformative experience for most people.When I applied to UCLA, the acceptance rate was 74%. I had to apply twice. After my initial rejection, I secured a job installing shelving in Ontario, California. Spending the day in closets, getting high with my coworkers after work … it dawned on me, "Maybe this isn't what I want to do with my life." So I appealed the decision and got in. That changed my life and set the foundation for me to become a robust citizen. Scott Galloway Today only 12 out of 100 kids get in. Admissions directors no longer have the capacity to reach into the homes of unremarkable kids raised by single immigrant mothers and give them the opportunities my generation enjoyed.This reflects a conscious decision in America to sequester opportunities to the children of rich people and kids who are freakishly remarkable at 17. This plays on a collective hallucination that all of us are raising remarkable children. I can prove that 99% of our children are not in the top 1%. We managed to scale Facebook from a $63 billion company in 2012 to almost $1 trillion today, but we couldn't increase the seats at UCLA by more than 6% in that same time?And UCLA is better than most (the UC system overall wants to add 20,000 seats by 2030). In 2007 the Ivy League schools accepted 22,180 applications. In 2021, they accepted 22,805. That's a 0.2% annual increase (while tuition increased by more than 4% per year). In 2007, Apple sold 1.4 million iPhones; in 2021 it sold 218 million - a 43% annual increase. We can figure out how to make more than 700 million supercomputers that run all day on a battery and fit in your pocket, but we can't add thousands of seats to colleges with $40 billion endowments?College has become the enforcer of an emerging caste system, abandoning promising, if not obviously remarkable young adults. And there are so many of us. We must, and we can, give them their shot. We need a grand bargain that, in exchange for additional funding, demands our great public institutions leverage technology to double the number of freshman seats in the next decade.Extend the benefits of a college education to more women, more people of color, more foreign students, more handicapped kids, more poor kids - and more artists and engineers and poets and biologists. And more men. America is not about exceptionalism, but acceptance.Life is so rich,ScottRead the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 1st, 2021

The 21 best Halloween books to read in October, from Stephen King classics to haunted house thrillers

From new spooky thrillers to classic Stephen King horror novels, here are the best books for getting into the Halloween spirit. Some of the best Halloween books include "Mexican Gothic," "Home Before Dark," and "Pumpkinheads." Amazon; Rachel Mendelson/Insider When you buy through our links, Insider may earn an affiliate commission. Learn more. Halloween is the perfect time of year to cozy up with a good, entertaining book. We rounded up the best spooky thrillers, short horror stories, and fall-themed romances. Want more Halloween books? Check out the best Stephen King books and best horror books. Every fall, I look forward to big sweaters, pumpkin spice everything, and a good book to get me in the Halloween mood. It's the perfect time of year to read spooky thrillers, spine-tingling horror stories, or witchy novels in between pumpkin carving and apple picking. To gather these recommendations, I searched for feel-good fall reads, books with classic Halloween characters, and scary stories that would haunt any reader. Whether you're ready for a cozy October romance or a terrifying Stephen King story to keep you up at night, here are 21 of the best books to grab this Halloween. The 21 best Halloween books: A creepy thriller for your next Halloween read Bookshop "Mexican Gothic" by Silvia Moreno-Garcia, available on Amazon and Bookshop, from $13.99"Mexican Gothic" is a historical horror story about Noemí Taboada, who receives a strange letter from her cousin begging for someone to save her. Unsure of the terrors that await her in the Mexican countryside, Noemí begins to uncover the secrets of blood and violence in a mysterious house that may never let her leave.   A horror full of Halloween thrills Bookshop "My Heart is a Chainsaw" by Stephen Graham Jones, available on Amazon and Bookshop, from $15.29In "My Heart is a Chainsaw," Jade Daniels is a half-Indian teen who escapes from her life by watching horror movies. When something horrible begins to unfold in her town, Jade must use her horror film knowledge to predict how the plot will unfold, uncovering her own traumatic past in the process.  A young adult read that takes place on Halloween Bookshop "Pumpkinheads" by Rainbow Rowell, available on Amazon and Bookshop, from $11For those who love Halloween but not the horror, "Pumpkinheads" is a cherished graphic novel about two best friends who work together every fall at a pumpkin patch. While they usually say goodbye every Halloween, they decide to make their last shift together an exciting and memorable adventure. A brilliant vampire story to pick up this Halloween Bookshop "Fledgling" by Octavia E. Butler, available on Amazon and Bookshop, from $14.19A masterful blend of horror and fantasy, "Fledgling" is about a young girl with inhuman desires who discovers she's a genetically modified vampire. A haunting look at vampire mythology, this speculative read is an original vampire story as the girl pieces together her past and the mystery surrounding herself.   A witchy Halloween read Amazon "Practical Magic" by Alice Hoffman, available on Amazon and Bookshop, from $14.99In this fantastical book that later became a classic witchy movie, the Owen family has been blamed for everything that goes wrong in their town for over 200 years. Now, the Owen sisters, Gillian and Sally, are tired of being outsiders and try to leave — but cannot resist the magic that draws them back home.  A haunting short story for Halloween Bookshop "Get in Trouble" by Kelly Link, available on Amazon and Bookshop, from $15.64In this short story collection skirting between fantasy and mystery, "I Can See Right Through You" is about a movie star who travels to a Florida swamp where his former love is filming a ghost-hunting reality show. With an unreliable narration and a twisted ending, this short story is more haunting than the reader might initially believe.  A gory Japanese horror story to read this Halloween Bookshop "Goth" by Otsuichi, available on Amazon and Bookshop, from $13.79In this gory and haunting book of interwoven short stories, two teenagers are obsessed with serial killers and their victims. Perfect for any reader obsessed with true crime, this Japanese horror is full of twists and disturbing scenes.  A short story for a haunted Halloween read Bookshop "Her Body and Other Parties: Stories" by Carmen Maria Machado, available on Amazon and Bookshop, from $13.99This National Book Award finalist is a genre-bending collection of short stories about the violence towards women's lives and bodies. In "The Resident," a writer escapes to an artist's retreat and struggles to unblur the lines between fact and fiction while unraveling her own haunted past.  A sinister story for Halloween scares Bookshop "Scary Stories to Tell in the Dark" edited by Alvin Schwartz, available on Amazon and Bookshop, from $6.78I remember reading these stories as a teenager and they still haunt me to this day — particularly "High Beams," where a young woman is driving home when a car behind her shines their high beams and begins to follow her home. Only when she reaches her house and the car pulls in behind her does she discover the sinister plot that was brewing all along.  A young adult Halloween read full of ghosts and romance Bookshop "Cemetery Boys" by Aiden Thomas, available on Amazon and Bookshop, from $14.30In this paranormal fantasy romance, Yadriel is determined to prove himself a real sorcerer as his family struggles to accept his gender. In an attempt to summon and free the ghost of his cousin, Yadriel accidentally summons the recently deceased Julian Diaz and must help him find out how he died in exchange for Julian helping him save his cousin.  A fantastical read with fall and Halloween vibes Bookshop "Ninth House" by Leigh Bardugo, available on Amazon and Bookshop, from $9.19"Ninth House" is a fantastical story overflowing with witchy, magical, and dark Halloween vibes. Alex is a freshman at Yale and the sole survivor of an unsolved multiple-homicide. Offered her seat at Yale by mysterious benefactors in exchange for monitoring Yale's secret societies, Alex is thrust into an underground world of tombs, haunts, and occult-like practices.  A Stephen King horror classic Bookshop "The Shining" by Stephen King, available on Amazon and Bookshop, from $8.27Stephen King is a modern horror master and "The Shining" is considered by many to be his best work to date. When Jack begins his new job as an off-season caretaker at the Overlook Hotel, he quickly discovers that his five-year-old son, Danny, can see the frightening haunts within the hotel.  A haunted house novel to add to your Halloween reading list Bookshop "Home Before Dark" by Riley Sager, available on Amazon and Bookshop, from $14.76After her father's death, Maggie Holt inherits the home that her father made famous with his book "House of Horrors": A nonfiction bestseller chronicling the horrors her family faced when they lived in the home for three weeks before fleeing in the night. In this page-turning novel, Maggie returns to renovate the house and slowly discovers whether or not her father was telling the truth. A chilling gothic classic for Halloween Amazon "We Have Always Lived in the Castle" by Shirley Jackson, available on Amazon and Bookshop, from $14.99Shirley Jackson is a master of classic gothic horror and "We Have Always Lived in the Castle" is a disturbing reminder of her sinister talents. This short but chilling read is about an 18-year-old girl named Mary Katherine and her sister, Constance, who hasn't left their home since a terrible tragedy six years ago isolated them from their village.  A classic horror short story perfect for Halloween Bookshop "The Yellow Wallpaper and Other Stories" by Charlotte Perkins Gilman, available on Amazon and Bookshop, from $2.99Remembered for her short stories and early feminist activism, Charlotte Perkins Gilman wrote classic gothic horror with a feminist perspective, the most famous of which was her 1892 story "The Yellow Wallpaper." In this story, a young woman is imprisoned by her husband to "rest" and recover after a "temporary nervous depression" following the birth of her child, with horrors slowly revealing themselves as you read on. An iconic book that spawned a classic American horror film Amazon "Ring" by Kōji Suzuki, available on Amazon and Bookshop, from $12.89The original book upon which the 2002 horror movie "The Ring" was based, this Japanese horror story explores a videotape that warns of the viewers' death unless they perform a certain task. When Asakawa's niece dies after watching the tape, he is dragged into the mystery and must discover the tape's secrets before he becomes the next victim.  A spooky Halloween story about a boy who lives in a graveyard Bookshop "The Graveyard Book" by Neil Gaiman, available on Amazon and Bookshop, from $8.27In this highly acclaimed and award-winning novel, Nobody Owens ("Bod") is a normal boy who lives in a graveyard and is being raised by ghosts. "The Graveyard Book" is a spooky story full of adventure as the man who has already killed Bod's family lurks outside the graveyard.  A classic novel featuring a famous Halloween character Bookshop "Frankenstein" by Mary Shelley, available on Amazon and Bookshop, from $5.47Frankenstein's monster has become a Halloween staple, first depicted in this creepy science-fiction/horror classic. The story is about a scientist named Victor who brings life to a creation that he and the villagers find horrifying.  A skin-crawling, classic Halloween story Amazon "The Complete Tales and Poems of Edgar Allen Poe" by Edgar Allen Poe, available on Amazon and Bookshop, from $17Edgar Allen Poe is known for his haunting writing and "Berenice" is one of the most unsettling stories in his collection. This short story is about a man named Egaeus whose wife, Berenice, begins to slowly deteriorate from a mysterious illness, leaving only her teeth undisturbed. As Egaeus falls into an uncontrollable obsession with her teeth, the story gets progressively creepier.   A unique short story, perfect for that Halloween haunting feeling Bookshop "Unhallowed Graves" by Nuzo Onoh, available on Amazon and Bookshop, from $13.99In the second story in this horror collection, Oja-ale is a night market run by the dead where everything is for sale, but at a terrifying price. When a skeptical British diplomat stationed in Nigeria encounters a young woman who needs a ride, he must go to the Oja-ale to save himself and his family.   A boggling horror story sure to give you Halloween thrills Bookshop "House of Leaves" by Mark Z. Danielewski, available on Amazon and Bookshop, from $19.49This horror novel has had a cult following for years, passed around the internet before emerging as a published book. It's a terrifying and mind-blowing read about a young family who moves into a home and discovers it's bigger on the inside than the outside. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderOct 1st, 2021

The 10 books on the 2021 National Book Award"s fiction longlist includes picks praised by Oprah and Obama

The National Book Awards longlist for fiction in 2021 includes books by Pulitzer Prize-winning authors and an Oprah's Book Club pick. When you buy through our links, Insider may earn an affiliate commission. Learn more. The books on the National Book Award fiction longlist in 2021 include "Bewilderment" by Richard Powers and "The Prophets" by Robert Jones, Jr. Amazon; Rachel Mendelson/Insider The National Book Foundation announced the 10 best US fiction books this week. Judges will name their top five in mid-October, and the winner in November. Below are all 10 books on the list, including ones from Pulitzer Prize-winning authors. Every year, the National Book Foundation crowns the best US literature of the year in five categories: Non-fiction, fiction, translated literature, poetry, and young adult books. 25 judges (five experts per genre) nominated by former winners, finalists, and judges spend the summer reading hundreds of hopeful submissions (about 150 for poetry to more than 500 for nonfiction) in search of standout books.By mid-September, they name their 10 favorites on a longlist. By mid-October, they cut it down to their top five. No one knows who the winner will be until the very day it's announced, when judges meet to hash out the best book. Winners, announced in November, receive $10,000, and finalists receive $1,000. Both can expect a boost in prestige and book sales. Past fiction winners for National Book Award in fiction include now-classics "Sophie's Choice" by William Styron, "All the Pretty Horses" by Cormac McCarthy, and "The Corrections" by Jonathan Franzen, as well as recent rising stars "Sing, Unburied, Sing" by Jesmyn Ward and "Interior Chinatown" by Charles Yu.Below, you'll find the 10 nonfiction books that made the National Book Award fiction longlist this year, including new novels by Pulitzer Prize-winning authors of "All the Light We Cannot See" and "The Overstory", an Obama summer reading selection, and an Oprah's Book Club pick. The 10 books on the 2021 National Book Award longlist for fiction:Descriptions provided by Amazon and lightly edited for clarity and length. "Cloud Cuckoo Land" by Anthony Doerr Bookshop "Cloud Cuckoo Land" by Anthony Doerr, available at Amazon and Bookshop, from $21.49Set in Constantinople in the 15th century, in a small town in present-day Idaho, and on an interstellar ship decades from now, Anthony Doerr's gorgeous third novel is a triumph of imagination and compassion, a soaring story about children on the cusp of adulthood in worlds in peril, who find resilience, hope — and a book. In "Cloud Cuckoo Land," Doerr has created a magnificent tapestry of times and places that reflect our vast interconnectedness — with other species, with each other, with those who lived before us, and with those who will be here after we're gone.Note: Doerr's earlier novel, "All the Light We Cannot See" won the Pulitzer Prize in 2015. "Matrix" by Lauren Groff Bookshop "Matrix" by Lauren Groff, available at Amazon and Bookshop from $15Cast out of the royal court by Eleanor of Aquitaine, deemed too coarse and rough-hewn for marriage or courtly life, 17-year-old Marie de France is sent to England to be the new prioress of an impoverished abbey, its nuns on the brink of starvation and beset by disease.At first, taken aback by the severity of her new life, Marie finds focus and love in collective life with her singular and mercurial sisters. In this crucible, Marie steadily supplants her desire for family, for her homeland, for the passions of her youth with something new to her: devotion to her sisters, and a conviction in her own divine visions. Marie, born the last in a long line of women warriors and crusaders, is determined to chart a bold new course for the women she now leads and protects. But in a world that is shifting and corroding in frightening ways, one that can never reconcile itself with her existence, will the sheer force of Marie's vision be bulwark enough? "Abundance" by Jakob Guanzon Amazon "Abundance" by Jakob Guanzon, available at Amazon and Bookshop from $14.40Evicted from their trailer on New Year's Eve, Henry and his son, Junior, have been reduced to living out of a pickup truck. Six months later, things are even more desperate. Henry, barely a year out of prison for pushing opioids, is down to his last pocketful of dollars, and little remains between him and the street. But hope is on the horizon: Today is Junior's birthday, and Henry has a job interview tomorrow.To celebrate, Henry treats Junior to dinner at McDonald's, followed by a night in a real bed at a discount motel. For a moment, as Junior watches TV and Henry practices for his interview in the bathtub, all seems well. But after Henry has a disastrous altercation in the parking lot and Junior succumbs to a fever, father and son are sent into the night, struggling to hold things together and make it through tomorrow. "Zorrie" by Laird Hunt Amazon "Zorrie" by Laird Hunt, available at Amazon and Bookshop from $16As a girl, Zorrie Underwood's modest and hardscrabble home county was the only constant in her young life. After losing both her parents to diphtheria, Zorrie moved in with her aunt, whose own death orphaned Zorrie all over again, casting her off into the perilous realities and sublime landscapes of rural, Depression-era Indiana. Drifting west, Zorrie survived on odd jobs, sleeping in barns and under the stars, before finding a position at a radium processing plant. At the end of each day, the girls at her factory glowed from the radioactive material.But when Indiana calls Zorrie home, she finally finds the love and community that have eluded her in the small town of Hillisburg. And yet, even as she tries to build a new life, Zorrie discovers that her trials have only begun. "The Love Songs of W. E. B. Du Bois" by Honorée Fanonne Jeffers Amazon "The Love Songs of W. E. B. Du Bois" by Honorée Fanonne Jeffers, available at Amazon and Bookshop from $21.38W. E. B. Du Bois, the great scholar, once wrote about the problem of race in America, and what he called "Double Consciousness," a sensitivity that every African American possesses in order to survive. Since childhood, Ailey Pearl Garfield has understood Du Bois's words all too well. Bearing the names of two formidable Black Americans — the revered choreographer Alvin Ailey and her great grandmother Pearl, the descendant of enslaved Georgians and tenant farmers — Ailey carries Du Bois's Problem on her shoulders.To come to terms with her own identity, Ailey embarks on a journey through her family's past, uncovering the shocking tales of generations of ancestors — Indigenous, Black, and white — in the deep South. In doing so Ailey must learn to embrace her full heritage, a legacy of oppression and resistance, bondage and independence, cruelty and resilience that is the story — and the song — of America itself.Note: This book has also been selected by Oprah's Book Club. "The Prophets" by Robert Jones, Jr. Bookshop "The Prophets" by Robert Jones, Jr., available at Amazon and Bookshop from $16.99Isaiah was Samuel's and Samuel was Isaiah's. That was the way it was since the beginning, and the way it was to be until the end. In the barn they tended to the animals, but also to each other, transforming the hollowed-out shed into a place of human refuge, a source of intimacy and hope in a world ruled by vicious masters. But when an older man — a fellow slave — seeks to gain favor by preaching the master's gospel on the plantation, the enslaved begin to turn on their own. Isaiah and Samuel's love, which was once so simple, is seen as sinful and a clear danger to the plantation's harmony.As tensions build and the weight of centuries — of ancestors and future generations to come — culminates in a climactic reckoning, "The Prophets" masterfully reveals the pain and suffering of inheritance, but is also shot through with hope, beauty, and truth, portraying the enormous, heroic power of love. "Intimacies" by Katie Kitamura Bookshop "Intimacies" by Katie Kitamura, available at Amazon and Bookshop from $15.95An interpreter has come to The Hague to escape New York and work at the International Court. A woman of many languages and identities, she is looking for a place to finally call home.She's drawn into simmering personal dramas: her lover, Adriaan, is separated from his wife but still entangled in his marriage. Her friend Jana witnesses a seemingly random act of violence, a crime the interpreter becomes increasingly obsessed with as she befriends the victim's sister. And she's pulled into an explosive political controversy when she's asked to interpret for a former president accused of war crimes.A woman of quiet passion, she confronts power, love, and violence, both in her personal intimacies and in her work at the Court. She is soon pushed to the precipice, where betrayal and heartbreak threaten to overwhelm her, forcing her to decide what she wants from her life. Note: This is one of Obama's 2021 summer reading list books. "The Souvenir Museum: Stories" by Elizabeth McCracken Bookshop "The Souvenir Museum: Stories" by Elizabeth McCracken, available at Amazon and Bookshop from $16.99In these stories, the mysterious bonds of family are tested, transformed, fractured, and fortified. A recent widower and his adult son ferry to a craggy Scottish island in search of puffins. An actress who plays a children's game-show villainess ushers in the New Year with her deadbeat half-brother. A mother, pining for her children, feasts on loaves of challah to fill the void. A new couple navigates a tightrope walk toward love. And on a trip to a Texas water park with their son, two fathers each confront a personal fear.  "Hell of a Book" by Jason Mott Bookshop "Hell of a Book" by Jason Mott, available at Amazon and Bookshop from $16.20In Jason Mott's "Hell of a Book," a Black author sets out on a cross-country publicity tour to promote his bestselling novel. That storyline drives "Hell of a Book" and is the scaffolding of something much larger and urgent: Since Mott's novel also tells the story of Soot, a young Black boy living in a rural town in the recent past, and The Kid, a possibly imaginary child who appears to the author on his tour.As these characters' stories build and converge, they astonish. For while this heartbreaking and magical book entertains and is at once about family, love of parents and children, art and money, it's also about the nation's reckoning with a tragic police shooting playing over and over again on the news. And with what it can mean to be Black in America.Who has been killed? Who is The Kid? Will the author finish his book tour, and what kind of world will he leave behind?  Unforgettably told, with characters who burn into your mind and an electrifying plot ideal for book club discussion, "Hell of a Book" is the novel Mott has been writing in his head for the last 10 years. "Bewilderment" by Richard Powers Bookshop "Bewilderment" by Richard Powers, available at Amazon and Bookshop from $21.64The astrobiologist Theo Byrne searches for life throughout the cosmos while single-handedly raising his unusual nine-year-old, Robin, following the death of his wife. Robin is a warm, kind boy who spends hours painting elaborate pictures of endangered animals. He's also about to be expelled from third grade for smashing his friend in the face. As his son grows more troubled, Theo hopes to keep him off psychoactive drugs. He learns of an experimental neurofeedback treatment to bolster Robin's emotional control, one that involves training the boy on the recorded patterns of his mother's brain…With its soaring descriptions of the natural world, its tantalizing vision of life beyond, and its account of a father and son's ferocious love, "Bewilderment" marks Richard Powers's most intimate and moving novel. At its heart lies the question: How can we tell our children the truth about this beautiful, imperiled planet? Note: This is also shortlisted for the Booker Prize. Powers' earlier book, "The Overstory" won the Pulitzer Prize in 2019.  Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 23rd, 2021

Chick-Fil-A removed from plans for an upcoming Kansas City airport wing after opposition from LGBTQ commission

Vantage Airport Group scrubbed Chick-Fil-A from its list of proposed restaurants "to promote an inclusive environment," a spokesperson told Fox News. People walk past Chick-fil-A in New York City. Alexi Rosenfeld/Getty Images Chick-Fil-A was cut from a list of restaurants proposed for Kansas City's planned airport terminal. The news comes after the city's LGBTQ commission urged the city council to act. Chick-Fil-A has previously donated to charities known for opposing LGBTQ rights. See more stories on Insider's business page. Plans to open a Chick-Fil-A store at an upcoming wing of Kansas City International Airport have been canned, following opposition from the city's official LGBTQ commission, local news sites KSHB and KCUR first reported.The city's LGBTQ commission sent a letter to Kansas City Council on on Monday, urging officials not to open a Chick-Fil-A restaurant in the new airport wing. It cited the company's links to groups known for opposing LGBTQ rights.Vantage Airport Group, the company recommended by the city's aviation authority to run services at the upcoming terminal, scrubbed Chick-Fil-A from its list of proposed restaurants "to promote an inclusive environment," a spokesperson for Vantage told Fox News."We heard and respect the strong community reaction to the proposed Chick-Fil-A participation in the program. We have collectively made the decision to remove this brand from our concessions plan for the new terminal at KCI. Vantage strives to promote an inclusive environment at all our airports," the group told Fox News.Insider contacted both Vantage and Chick-Fil-A for comment but did not immediately receive a response.Chick-Fil-A has come under attack over its donations in the past. As Insider's Kate Taylor previously reported, prior to 2012 Chick-fil-A made significant donations to socially conservative and Christian organizations known for opposing LGBTQ rights through its WinShape Foundation.In 2012, facing backlash after now-CEO Dan Cathy said that he was against same-sex marriage, the company said it would stop most of these donations.But in the years that followed, it continued to face pressure from activists over other donations, including to the Salvation Army and the Fellowship of Christian Athletes. Both organizations have been criticized for their historical opposition to same-sex marriage.In November 2019, Chick-Fil-A said it would cut donations to these charities too.In July, its CEO, Cathy, came under fresh scrutiny over personal donations to the National Christian Charitable Foundation (NCF). The Daily Beast reported that the NCF was bankrolling organizations fighting against the Equality Act - legislation that would make it illegal to discriminate against LGBTQ people.At the time, Insider's Kate Taylor reported that the company itself had not donated to the NCF in more than a decade. Chick-Fil-A declined to comment on the report around Cathy, however.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 23rd, 2021

Financial Advice To A Recent College Graduate

Whitney Tilson’s email in which he provides financial advice to a recent college graduate. Q2 2021 hedge fund letters, conferences and more When I was in Yosemite National Park in early August, my friend slipped and mashed his knee, so I took him to the clinic for an X-ray (nothing was broken, fortunately) and a […] Whitney Tilson’s email in which he provides financial advice to a recent college graduate. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2021 hedge fund letters, conferences and more When I was in Yosemite National Park in early August, my friend slipped and mashed his knee, so I took him to the clinic for an X-ray (nothing was broken, fortunately) and a few stitches. While I was sitting in the waiting room for an hour, I struck up a conversation with a young man whose friend was also getting stitches. I learned that he had just graduated from the University of Nevada, Reno, with a degree in engineering and was looking for a job. When he learned that I was in the investing business, he asked me for advice. Here's what I told him... First, get a job – a real job at a real company where you can put your engineering training to work. Don't even think of trying to start your own business, doing gig work like driving for Uber (NYSE:UBER), or working as a barista at Starbucks (NASDAQ:SBUX). Then, I summarized the main points from this section of my book, The Art of Playing Defense, and e-mailed him a PDF of the entire book... Loss of Wealth I'll acknowledge that the calamity of losing your wealth is a high-class problem (it can only happen to people who have money!). If you're fortunate enough to have a comfortable income and healthy savings, it might be nice to think about making even more, but it's far more important to make sure you don't lose what you already have. Ironically, the surest, fastest way to get poor quickly is to try to get rich quickly. I've known people who spent their whole lives building up their savings only to lose it all in some crazy, half-baked scheme. Common examples include investing everything in their own new business – or someone else's – and it fails; speculating in penny stocks; day trading stocks or, worse yet, options; or getting duped by some online or phone fraudster. Millions of people are ensnared in these traps every year. Another way to become poor, albeit somewhat more slowly, is to lose a good job and not be able to replace it. Or get divorced – boom, there goes half your wealth, plus expenses usually rise (two homes, less favorable tax treatment, etc.). But the most common way to get into financial trouble is to spend more than you earn (after taxes). What this means is that every year, you need to borrow money to fill the gap – and there are lenders galore who will sell you – at a steep price – all the rope you need to hang yourself: credit-card companies, installment lenders, auto dealers, and so forth. To be clear, certain types of debt are fine. It often makes sense to take out a subsidized student loan for a high-quality education or to buy a reasonably valued house with a fixed-rate, low-interest, tax-deductible mortgage. But otherwise, it's usually best to avoid debt. Our economy and, in particular, our financial system is, in many ways, incredibly predatory. It makes it so easy to spend, luring people into living above their means. It is imperative that you resist this siren song. No matter what your income, figure out a way to live within it. Develop Good Financial Habits If you want to build wealth and live comfortably someday, you need to develop good financial habits. A 1996 book called The Millionaire Next Door shaped my thinking on this topic. The authors refuted many misconceptions about financial success, chiefly the idea that to become wealthy, you have to inherit money or have a high-paying job like a Wall Street banker, celebrity, or professional athlete. Instead, the authors discovered that the most common job among millionaires was running a small private business. The second most common was a professional like a doctor or teacher. But, in a fascinating finding, it turned out that income level was only moderately predictive of whether someone would become a millionaire. More important was whether someone lived beneath their means, year in and year out. In their survey of millionaires, the factor that most closely correlated to whether someone was a millionaire was whether they answered "yes" to the question: "Is your spouse more frugal than you are?" Doctors, on average, earn quite a bit more than teachers. Yet, relative to their income, they are less likely to become millionaires because they tend to spend all – or more than all – of their high incomes on big houses in upscale neighborhoods, new cars, country club memberships, fancy vacations, private schools, and so forth. Meanwhile, teachers are far more likely to become millionaires than their incomes would predict because they tend to live frugally. My parents, both teachers, are perfect examples. They can squeeze a dollar until it screams. Growing up, we almost never went out to eat – going to Friendly's once a month was such a treat! My mom clipped dozens of coupons from the circular in the Sunday paper, and when she came home from the supermarket, would crow about how much she'd saved. And she bought most of our clothes at second-hand stores. She still tells my sister and me that our costly educations were funded by her thriftiness. We never had a new car. My dad is a good mechanic, so we always bought 10-year-old cars that he would nurse along for years. I remember in the 1980s when we lived in western Massachusetts, we had a beaten-up 1960s vintage Mercedes. Its heater had stopped working long ago, which was a big problem during the bitterly cold winters. But no matter – we all bundled up in our down jackets and used de-icer spray on the inside of the windows. Similarly, Warren Buffett, despite being one of the wealthiest men in the world, is still very frugal. He could afford to live in a massive estate, but instead has lived in the same house for 61 years! When he first started flying in a private jet, he felt so embarrassed that he nicknamed it "The Indefensible." Save and Invest Once you've developed good financial habits and are saving money every year, you need to invest your savings wisely. The good news is that it's not hard. First, max out your retirement plan(s) like an IRA or 401(k) – especially if your employer will match at least some portion of it (this is free money – take it!). Tax-deferred savings are much more valuable than taxable ones because you won't have to pay taxes on your realized gains each year. The difference over time is enormous. Also, because there's a penalty for taking the money out before you're 65 years old, you're less likely to do something stupid with it. Ideally, set up automatic withholding from your paycheck into your IRA (or another retirement fund) – this makes it easier to save because you never see the money. Then, set up a plan such that the moment the money hits your account, it's automatically invested in an S&P 500 Index fund. (If you want to set aside some money to invest on your own, that's fine – sign up for my newsletters at Empire Financial Research to help you do so – but index most of it.) Finally – this is key – don't look at it! Just let it build, year after year, decade after decade. Whatever you do, don't panic during times of market turmoil and sell – just about everybody who does this has terrible timing, selling at exactly the wrong time (for example, in March 2009 or 2020). Consider the extreme case of my sister, who had a retirement account at her old employer, then switched jobs – and forgot about it! Years later, she remembered it – and discovered hundreds of thousands of dollars (!) because she'd done everything right up front: her employer automatically withdrew the maximum retirement contribution from her paycheck and then invested all of it in an S&P 500 Index fund. When my parents moved to Africa 24 years ago, first to Ethiopia and then, nine years later, to Kenya, where they've since retired, I took charge of their financial affairs. Though neither of them had ever had a big salary, they had both worked for their entire careers, earned decent incomes, and lived super frugally. As a result, they had built up a nest egg of around $800,000. But they were much too conservative in how they'd invested it. Though they were still in their mid-fifties and would likely work another 15 years and live into their nineties, their savings were mostly in cash and bonds – an allocation more appropriate for eighty-year-olds. So I put a third of their savings into my hedge fund and another third into an index fund, such that two-thirds of their savings were in stocks. It was the right call. Two decades later, they're in their late-seventies, and their net worth is multiples of what it once was. They're comfortably retired – though you wouldn't know it from how frugal they still are. When they came back to the U.S. for a couple of months last summer, as they do every year, my mom refused to get a SIM card for her Kenya cell phone that would allow her to make and receive calls, get her e-mail, etc., because it cost too much: one dollar per day! Best regards, Whitney P.S. I welcome your feedback at Updated on Sep 21, 2021, 10:30 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkSep 21st, 2021

The Moneyist: I want to propose to my girlfriend — but how do I divide my estate between her and my daughter from a previous marriage?

This letter writer asks: ‘Is it wrong to leave funds passed down from generation to generation solely for my daughter, and leave other funds to my new wife?’.....»»

Category: topSource: marketwatchJan 21st, 2021

The Moneyist: My parent had early-onset Alzheimer’s, and I’m afraid I will get it too. How do I split my estate between my girlfriend and daughter from a previous marriage?

This letter writer asks: ‘Is it wrong to leave funds passed down from generation to generation solely for my daughter, and leave other funds to my new wife?’.....»»

Category: topSource: marketwatchJan 16th, 2021