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Summer Camp for Billionaires
Every summer, the world's most affluent businesspeople gather at a resort in Sun Valley, Idaho to do rich people things.
The event has been dubbed, the "summer camp for billionaires".
This year, Warren Buffett, Jeff Bezos, Jeff Iger, Bobby Kotick, Robert Kraft, and dozens more were in attendance.
What goes on at camp? Besides arts and crafts, the event is known to be a productive place where deals are made, and relationships are cultivated.
(An idea for the FPL market based on financial, empowerment, knowledge, assistance, seminares, resources, and marketplace for hobbies to hustles.)
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Bobby Kraft – a digital promoting skill, involves facilitating once a business fails to move with the worldwide audience, can't get leads, individuals begin thinking to scale it down – simply because the complete doesn't have a digital presence. Making an internet presence is significant. You'll not attain your required success while not it, says Bobby. He helps those tiny and mid-sized business house owners who can't survive within the market or contend with giants. For more information, kindly read our blog!
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Bobby Kraft and his company focus on how to maximize ROIs for the clients. There are strategies planned after the careful analysis of Data. Watch the video to know more.
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The 1990s Moments That Changed the Way We Think About Food
By: Anna Hezel Illustrations: Ellie Skrzat
The ’90s were a decade of information, SnackWell’s, and sun-dried tomatoes on everything. Here are eight events that shaped our opinions about cooking and eating.
1. The Launch of the TV Food Network In April of 1993, a young and scrappy Food Network launched with a debut lineup of French chef Jacques Pepin, writer David Rosengarten, Mrs. Fields founder Debbi Fields, and Emeril Lagasse, a little-known Louisiana restaurateur in his mid-30s with only a handful of prior television appearances under his belt.
Dorie Greenspan, who worked at the network during its launch as a consultant and producer, remembers it as a pioneering time in the unexplored realm of food television. On the TASTE Podcast, Greenspan recalled the head of programming at the time saying, “We’re going to make somebody a star, but we don’t know who that person will be.” It swiftly became clear that Emeril was that star.
In addition to the runaway hits, like Essence of Emeril, there were misgivings during the launch. “This was really a startup in every sense of the word,” she told me. “We made some terrible mistakes. We couldn’t figure out a bunch of things. We tried doing a call-in show, which seemed revolutionary. We were learning.”
The only model the network had at the time for programming about cooking was public television—shows like James Beard’s I Love to Eat and Julia Child’s The French Chef. But the move to cable meant a move toward the mainstream. “I don’t think you can underestimate the impact of that,” says Ruth Reichl. “That’s the moment that food really stopped being the provenance of the elites and became part of popular culture. Children watched it and were interested in chefs, and chefs became cool in a way that they hadn’t before.”
2. Fat Is Bad, But Everything Else Is Good At the tail end of the ’80s, a few influential government reports were published, recommending that Americans consume less fat. Americans internalized this as a directive that it was OK to consume as many calories as they wanted, as long as those calories weren’t coming from fat. A zany infomercial nutritionist named Susan Powter encouraged Americans to fill their shopping carts with cereal and low-fat chips, and SnackWell’s were born, promising unlimited amounts of dessert with no health repercussions.
Lay’s launched one of the most famous product missteps in the history of American consumerism. WOW chips, introduced in 1998, promised the same potato chip flavor with only one gram of fat per serving—a feat made possible by frying in a synthetic fat substitute called Olestra. Almost as soon as the chips hit the market, accounts started to pour in of horrible stomach woes caused by the chips. The FDA famously used the phrase “anal leakage” to describe the side effects, leading to one of the grossest and most memorable PR disasters in the history of packaged foods.
3. Sushi Goes Mainstream By the ’90s, sushi had existed in the United States for more than three decades, but this was the moment when it really caught on, especially as Japanese companies opened offices in U.S. cities. “It all started when Sony bought Columbia Pictures in 1989 and the entire West Coast went mad for sushi,” speculates Alan Richman, who was the restaurant critic at GQ at the time.
Everyone started opening sushi restaurants, including Robert DeNiro with a then little-known chef named Nobuyuki Matsuhisa, and in turn, sushi evolved from a rarefied luxury that one could only find in coastal cities to a casual, affordable treat that happened to fit perfectly into the era’s philosophy about nutrition. And then grocery stores started to catch on, stocking their refrigerator cases with plastic trays of California and spicy tuna rolls.
4. The Dawn of Online Recipes When we talk about the kind of rapid globalization that happened in the ’90s, it’s hard to avoid talking about the Internet, which shattered our spatial relationships to one another by making it as easy to talk to someone in Australia as it was to talk to the kid in your social studies class who lived down the street.
As the Internet became woven into our daily lives through services like Prodigy and America Online, it was only a matter of time before this rapidly growing technology became a way to disseminate the recipes and cooking advice that you could previously find only in magazines and cookbooks.
In 1995, Condé Nast launched Epicurious, a forward-thinking database of recipes compiled from some of the company’s food and travel magazines, including Bon Appétit and Gourmet. By the end of the decade, blogging platforms like Blogger and Xanga had emerged, paving the way for a generation of self-publishing food bloggers, like David Lebovitz in 1999, and Heidi Swanson, Pim Techamuanvivit, and Clotilde Dusoulier in the early 2000s.
5. A New Era for Restaurant Critics “I think the ’90s were the great era of restaurants in America,” says Alan Richman. The economy was strong, people had money to spend, and newspapers and magazines had budgets to send their critics to eat out and report on the latest trends in food. Fine-dining stalwarts in New York, like Le Bernardin, Daniel, and Jean-Georges, were thriving. But it was also a time when critics like Robert Sietsema at the Village Voice and Ruth Reichl at The New York Times started to clue diners in to the fact that “eating out” didn’t always have to mean French restaurants with white tablecloths.
“I was interested in talking about the way real people ate,” says Reichl. “I felt like restaurant reviews in The New York Times had been geared to a very small group of wealthy white people. And I thought everybody should go to restaurants.”
When Reichl reviewed her first Korean restaurant, Kang Suh, in 1993, three separate local Korean newspapers from New York reached out to her for interviews. When she wrote about a soba restaurant called Honmura An that same year, it caused a flap among readers who weren’t used to seeing “a little Japanese noodle shop” receive three stars.
6. NAFTA Reshapes California’s Food Landscape In 1994, NAFTA (the North American Free Trade Agreement) was signed, formalizing a trade agreement among Canada, Mexico, and the United States. As Tina Vasquez writes, the agreement was greeted with lots of anti-immigrant pushback among Americans. Carlos Salinas de Gortari, the Mexican president at the time, promised Americans that the agreement would reduce migration by stabilizing Mexico’s economy.
Instead, the agreement caused vast unemployment in Mexican industries that struggled with their new competition, leading to one of the largest historic spikes in immigration to the United States from Mexico. This brought a boom of Mexican grocery stores, butchers, restaurants, and other businesses to the U.S., especially in Californian communities like the Bay Area and Los Angeles. Grocery store chains like Chavez Supermarkets, Vallarta Market, and Northgate González are still thriving in these parts of the state.
7. Italian Food Goes Regional In my house, in a suburb of Buffalo, New York, the ’90s was the era when the green Kraft canister of Parmesan cheese in the refrigerator was replaced with a little plastic-wrapped triangle of hard cheese and a hand-crank cheese grater. Starbucks and Olive Garden (which were founded in the ’70s and ’80s, respectively) were starting to make their way into every suburb, and Americans were warming up to the idea of saying “venti” out loud.
Marcella Hazan, Italy’s Julia Child, published The Essentials of Italian Cooking in 1992, and Molto Mario (starring Mario Batali before he had been accused of sexual assault) first aired in 1996. Americans were coming to terms with the fact that Italian food was more than a plate of spaghetti and meatballs—it was a cuisine with discrete regions, like Piedmont and Emilia-Romagna. And of course, every chef and home cook in America started putting sun-dried tomatoes on everything.
8. The Collapse of the Soviet Union Rewrites the World Map When the Soviet Union ended in 1991, the entire world map changed. Countries that hadn’t had a spot on the spinning globe in decades reemerged, and a few altogether new ones were formed. Suddenly, trade opened up between these countries and the rest of the world, spurring a period of wild, unregulated capitalism. Soviet-government-owned food-manufacturing companies started going out of business.
“Everyone wanted pizza, and later in the ’90s sushi, and there was this huge flood of new, very shoddy quality global foods, to which most people didn’t have access because the prices weren’t regulated,” says Anya Von Bremzen, the author of Please to the Table and Mastering the Art of Soviet Cooking. “It’s a decade that’s remembered really negatively in that former Soviet bloc.”
The dissolution of the USSR also increased immigration to the U.S. from former Soviet countries. Cuba, which had been a close ally of the Soviet Union, was plunged into an economic depression, during which lack of ingredients lead to a loss of traditional Cuban cuisine.
On a broader level, as Von Bremzen points out, this large-scale globalization was the start of another very ’90s concept: nostalgia for all things regional.
https://www.tastecooking.com/1990s-moments-changed-way-think-food/?utm_source=pocket-newtab
Recipes: https://www.tastecooking.com/recipes/
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The most powerful midcentury television sponsors were made up of less than reputable men who were only too happy to subvert the constitution in the name of personal profit. Major corporations lent their names to television programs not just to sell items, but to promote themselves as benevolent benefactors when behind the scenes they were guilty of dirty dealings, anti-trust violations, and criminal malfeasance.
“The best shows were often the result of a corporation’s desire to clean up its public image,” explained broadcast historian Erik Barnouw. “I wrote for Cavalcade of America, which DuPont produced to counter its image as the ‘merchants of death,’ after the revelation of its enormous profits made during World War One. Alcoa had the same intentions when it sponsored See It Now on television after they were accused of monopolizing the aluminum market.”
The respective C.E.O.s of Sears, Campbell’s Soup, Papermate, Schick, Eversharp, Kraft, and Hewlett Packard praised Senator Joseph McCarthy of Wisconsin and helped finance McCarthyism. The president of Quaker Oats said “the net overall job” of McCarthyism “was good” and Robert E. Wood, C.E.O. of Sears, concluded, “McCarthy is doing a job that had to be done to put traitors and spies out of our government.” Just a few years earlier Wood had pleaded with the Roosevelt administration to leave Hitler alone.
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Esports and the Big Boom
Breaking the traditional definition of sports, which earlier involved a set of physical activities bound by rules and regulations, Electronic sports adds online competitive sports as well to that definition. Popular eSports like League of Legend, CS:GO, PUBG are multiplayer video games that are played competitively in front of millions of spectators with billions more watching them online.
The Lure of eSports
The world of eSports does not involve a playing ground or even a ball and still, the industry is witnessing tremendous growth. The digital culture has made that happen, pulling in significant sponsors along with spectators to give it a more professional outlook. We also have professional leagues coming up in the domain that are sport-specific.
Esports has seen a great boom worldwide, in 2016 alone the League of Legends World Championship final had hit 43 million viewers.
Tournaments also have huge cash prizes of about $1 million which does not even include sponsorship and appearance fees the pro players earn each year. If we look at the list of highest-paid esports players we have Denmark’s Johan “N0tail” Sun 0+11dstein who tops that list with $6.97 million, he has earned so far in his eSports gaming career.
The numbers speak for themselves
Last year the eSports market generated a revenue of 950 million U.S. dollars worldwide. Even while the world was in the grips of the pandemic. Now in the recovery mode, the games are being held in person once more rather than the online format it switched to earlier. The expectation is by 2023 the eSports market will be worth over 1.6 billion U.S. dollars, taking into account the robust betting industry as well as the tournament's prize pools. Sponsorship has also been a predominant part of the sport, bringing in 584 million U.S. dollars in 2020. While many still do not consider it a sport per se it has nonetheless contributed to the economic growth and would continue to do in the future as well.
Viewership of the sports has seen a steady increase over time, if we look at the 2018 numbers, eSports viewers invested 17.9 million hours watching the games. For those who are not familiar with the esports world, Dota 2 is one of the most popular games and is followed by League of Legends and Counter Strike: Global Offensive in that order.
Comparing apples and oranges
While traditional sports are quite popular all over the world, owing to their rich history. It would be unjustified to compare them to eSports which is still at a budding stage. Esports still face stiff competition from other sports categories. The only ground we can compare them all is prize money. Taking the popular sports first, the NBA has a prize pool of $13 million, next comes Golf Masters with $11 million and the Confederations Cup which offers $20 million. Surprisingly, eSports offers a prize almost double that of the NBA with $24.7 million. And even traditional sports organizers have realized the potential of eSports and have come up with NBA2K, eWorld Cup, and FIFA eWorld Cup Champion to foray into that category.
Esports even piqued the interest of the International Olympic Committee (IOC), which has accepted the rapid growth of the eSports industry and released a statement which states that competitive esports comes under the gambit of sporting activity. While there is no physical activity involved the players still put in a lot of time and train themselves just like an athlete would in traditional sports.
Even broadcasters, investors have realized that eSports can no longer be contained and it is a train you would have to board sometime. eSports events are being broadcasted live after several players partnered up with the organizers. Sports personalities like New England Patriots owner Robert Kraft, Shaquille O’Neal, and Alex Rodriguez have invested in esports teams. In 2020, Guild Esports which is co-owned by soccer star David Beckham completed its public market flotation and has a market cap of €41.2 million ($52.3 million). Cloud9 raised $25 million and in the list of investors, Reddit co-founder Alexis Ohanian is also present. Investors are thus pooling in money hoping for more tremendous future growth of the esports industry.
If we look at the regional participation, North America enjoys the highest revenue share with 39% in 2019. There is a specific North American League of Legends Championship Series (NA LCS). Though the Asia Pacific region is not far off and could even overtake America one day. China considers eSports an official sport and said so in 2003. South Korea is providing the necessary infrastructure and support to nurture the industry as well.
Looking at the humongous possibilities of growth in the industry it is clear that an investment in the eSports marketplace would pay for itself in the future. Broadcasters, fantasy sports developers, and App developers too want to hop on the bandwagon and can do so by partnering with Data Sports Group. Their unrivaled services in the eSports category would be an investment too. They are one of the best sports data providers out there and have the right esports content for you. Get access to data from all the leading tournaments with live scores and in-depth eSports statistics that would boost the engagement of your site, app or fantasy.
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Specialty Paper Market Size Worth $36.4 Billion By 2025 | CAGR: 4.1% | Global and Regional Forecast | Grand View Research, Inc.
The global specialty paper market size is expected to reach USD 36.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. The growth of the market is attributed to growing need for packaging and labeling delivery goods. Rise of e-commerce across the world is a major factor increasing the online shopping and delivery of goods, thereby impacting the demand for specialty paper.
Growing e-commerce, along with booming consumer goods industry, is accelerating the global market growth. Online shopping is dominated by consumer goods that require packaging and labeling while shipment, thus fueling the growth of global market.Kraft paper is anticipated to expand at the fastest CAGR of 5.0% in terms of revenue over the forecast period. Increase in demand for food packaging in emerging economies and developing retail infrastructure are driving this segment. Moreover, transformation in storage, distribution methods, and transportation is increasing the demand for this product type.
In 2018, the printing and publishing application segment held the largest share of 34.7% in terms of volume owing to its wide range of applications across various industries. The segment is gradually becoming saturated due to evolution of digitalization. The packaging and labeling segment is expected to expand at a CAGR of over 4.0% in terms of revenue and volume as leading players are making high investment in this segment. For instance, one of the key players named Mondi Group invested heavily in the development of high quality kraft paper. Specialty paper also finds its application in the industrial sector, wherein it is used in electrical applications.
Germany, China, and U.S. are the leading paper manufacturing and exporting countries in the world. Europe exports the largest amount of paper every year due to countries like Germany, Sweden, and Finland that account for a share of 12.6%, 5.3%, and 5.0% respectively, in paper shipment. In 2017, European countries had the highest value of paper shipments amounting to USD 90.7 billion. Asia Pacific was the second largest exporter due to countries like China and Indonesia, accounting for a share of 24.0%.
The market in Asia Pacific is expected to expand at the highest CAGR in terms of revenue as well as volume due to growth of the construction industry in developing countries like India and China. Key players operating in the market include Domtar, Glatfelter, Mondi, Sappi, Fedrigoni, International Paper Company, Nippon Paper, Stora Enso, Robert Wilson Paper Corporation, and Griff Paper and Film.
Browse Full Report (Tables & Figures) @ https://www.grandviewresearch.com/industry-analysis/specialty-paper-market
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Automotive DC-DC Converter Market Estimated to Soar Higher During 2020-2027
The Global Automotive DC-DC Converter Market has enlisted a noteworthy CAGR during the most recent decade. It is relied upon to arrive at higher yearly development in the imminent years. Strength, hearty monetary framework, crude material opulence, taking off worldwide Automotive DC-DC Converter request are boosting market advancement. So also, mechanical headways, advancements, expanding industrialization, and urbanization in the creating and created areas are probably going to maintain the Automotive DC-DC Converter market income during forecast 2020-2027
Click here to get the short-term and long-term impact of COVID-19 on this Market: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.researchkraft.com/request-sample/1113068
Market Research Explore distributed a broad investigation of the worldwide Automotive DC-DC Converter market thinking about different significant components of the market. The exploration study includes precise and credible evaluations of the past just as the future pace of the market. The report contains indispensable assessments dependent on creation, deals volume, income, and yearly development rates. The report likewise expounds on current market contention, industry condition, fragments, and driving rivals in the worldwide Automotive DC-DC Converter market. It helps key players, partners, industry specialists, analysts, and friends authorities in increasing profound understanding of the market.
The worldwide Automotive DC-DC Converter advertise has been separated into a few essential sections, for example, item types, applications, areas, and end-clients. Moreover, it investigates locales including North America, Europe, South America, the Middle East, Asia, and the remainder of the world while performing provincial examination. The division investigation helps key players correctly focusing on the real market size and choosing suitable sections for their Automotive DC-DC Converter organizations.
The most significant players coated in global Automotive DC-DC Converter market report:
Toyota Industries Corporation, TDK Corporation, Continental, Robert Bosch, Denso Corporation, Panasonic Corporation, Infineon Technologies, Hella KGaA Hueck, Aptiv, Alps Electronics, Calsonic Kansei Corporation, Valeo Group
Types is divided into:
Single Output
Dual Output
Three output
Applications is divided into:
Passenger Car
Commercial Vehicle
Global Automotive DC-DC Converter Market Regional Segmentation:
North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, etc.) Asia-Pacific (China, India, Japan, Southeast Asia, etc.) South America (Brazil, Argentina, etc.) Middle East & Africa (South Africa, Saudi Arabia, etc.)
Speak to our industry expert and avail discount on Market Report (COVID-19 Impact Analysis Updated Sample): Click Here https://www.researchkraft.com/check-discount/1113068
Additionally, the report reveals insight into the market competition circumstance and execution of driving Automotive DC-DC Converter makers. The report has contemplated ongoing advancements performed by driving makers in the worldwide Automotive DC-DC Converter indusrty which incorporates item exploration, developments, and improvement. Their vital moves were likewise inspected in the report, including mergers, adventures, associations, item dispatches, and brand advancements that helped organizations extend their administration zones.
Explore Full Report with Detailed TOC, Charts, Tables and Figures @ https://www.researchkraft.com/send-an- enquiry/1113068
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Robert M. Kraft established his venture following his experience as an entrepreneur in the Direct Marketing industry, headquartered in Milwaukee, Wisconsin. His firm offers the platform for different businesses to uplift their strategies of promoting, which has evolved with the advancements in technology. His company presents a promoting campaign to require them nearer to their customers. For more information, visit our website!
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Bobby Kraft using his excellent leadership and management skills combined with latest AI technology, is helping businesses find new customers and building a brand.
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Brake Systems Market: In-depth Research Report 2020-2027
The Global Brake Systems Market has enlisted a noteworthy CAGR during the most recent decade. It is relied upon to arrive at higher yearly development in the imminent years. Strength, hearty monetary framework, crude material opulence, taking off worldwide Brake Systems request are boosting market advancement. So also, mechanical headways, advancements, expanding industrialization, and urbanization in the creating and created areas are probably going to maintain the Brake Systems market income during forecast 2020-2027
Click here to get the short-term and long-term impact of COVID-19 on this Market: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.researchkraft.com/request-sample/1110873
Market Research Explore distributed a broad investigation of the worldwide Brake Systems market thinking about different significant components of the market. The exploration study includes precise and credible evaluations of the past just as the future pace of the market. The report contains indispensable assessments dependent on creation, deals volume, income, and yearly development rates. The report likewise expounds on current market contention, industry condition, fragments, and driving rivals in the worldwide Brake Systems market. It helps key players, partners, industry specialists, analysts, and friends authorities in increasing profound understanding of the market.
The worldwide Brake Systems advertise has been separated into a few essential sections, for example, item types, applications, areas, and end-clients. Moreover, it investigates locales including North America, Europe, South America, the Middle East, Asia, and the remainder of the world while performing provincial examination. The division investigation helps key players correctly focusing on the real market size and choosing suitable sections for their Brake Systems organizations.
The most significant players coated in global Brake Systems market report:
Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Autoliv Inc., Robert Bosch GmbH, Brembo S.p.A, Continental AG, Delphi Automotive PLC, Federal-Mogul Holdings Corp, Haldex AB, Hitachi Automotive Systems, Knorr-Bremse AG, Mando Corporation, Nissin Kogyo Co. Ltd, ZF Friedrichshafen AG, WABCO Holdings Inc.
Types is divided into:
Disc & Drum
Electronic Brake System
Applications is divided into:
Passenger Car
Light & Heavy Commercial Vehicle
Global Brake Systems Market Regional Segmentation:
North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain, etc.) Asia-Pacific (China, India, Japan, Southeast Asia, etc.) South America (Brazil, Argentina, etc.) Middle East & Africa (South Africa, Saudi Arabia, etc.)
Speak to our industry expert and avail discount on Market Report (COVID-19 Impact Analysis Updated Sample): Click Here https://www.researchkraft.com/check-discount/1110873
Additionally, the report reveals insight into the market competition circumstance and execution of driving Brake Systems makers. The report has contemplated ongoing advancements performed by driving makers in the worldwide Brake Systems indusrty which incorporates item exploration, developments, and improvement. Their vital moves were likewise inspected in the report, including mergers, adventures, associations, item dispatches, and brand advancements that helped organizations extend their administration zones.
Explore Full Report with Detailed TOC, Charts, Tables and Figures @ https://www.researchkraft.com/send-an- enquiry/1110873
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DealBook: A Presidential Pardon for the ‘Junk Bond King’
Good morning. Mike Bloomberg will appear onstage for the first time at a Democratic debate tonight, and Senator Elizabeth Warren is ready: “Primary voters curious about how each candidate will take on Donald Trump can get a live demonstration of how we each take on an egomaniac billionaire,” she tweeted. (Was this email forwarded to you? Sign up here.)
Inside Michael Milken’s pardon
A reprieve for the “junk bond king”: Mr. Milken was among the “who’s who of white-collar criminals” pardoned by President Trump yesterday. In a statement, the White House called him “one of America’s greatest financiers” whose “innovative work greatly expanded access to capital for emerging companies.”A long lobbying effort on behalf of Mr. Milken finally overturned his 1990 securities fraud conviction, for which he served 22 months in prison. (Read the judge’s explanation of the sentencing at the time.) The White House published a list of 33 high-profile names who supported Mr. Milken’s cause, including: Tom Barrack of Colony Capital; the Fox Business anchor Maria Bartiromo; Rudy Giuliani, who led the case against Mr. Milken in the 1980s; Robert Kraft, the New England Patriots owner; the media mogul Rupert Murdoch; Sean Parker, the Napster founder and former Facebook executive; the hedge fund billionaire John Paulson; the activist investor Nelson Peltz; and David Rubenstein of the Carlyle Group.The NYT’s Jim Stewart wrote the book on Mr. Milken: His 1992 “Den of Thieves” chronicled the financier’s exploits at Drexel Burnham Lambert during the height of the “greed is good” 1980s. “It’s not hard to fathom why Mr. Milken’s saga would resonate with Mr. Trump,” Jim wrote yesterday in his analysis of the pardon. An excerpt:Seen as an underdog, even a very wealthy and well-connected one, Mr. Milken has long inspired a counternarrative that he was a victim of a media and Wall Street establishment jealous of his wealth and success. However unfounded in fact, that version of reality has now gotten a presidential stamp of approval.What next? Mr. Milken’s conviction came with a lifetime ban from the securities industry, although he paid $47 million in 1998 to settle a complaint from the S.E.C. that he had violated the order by advising friends, including Mr. Murdoch, on transactions. Could he now be tempted to get back into finance? “Today, that is the farthest thing from his mind,” Geoffrey Moore, Milken’s senior adviser, tells us. “He’s fully dedicated to continuing his lifelong crusade to cure cancer and other life-threatening diseases.”Speaking of junk bonds, a new O.E.C.D. report sounds the alarm about a growing mountain of low-quality debt being issued by companies around the world. Noninvestment grade issues account for around a fifth of all corporate bonds issued over the past 10 years, the longest period that junk debt has been so prevalent since Mr. Milken’s 1980’s heyday, the O.E.C.D. notes. That suggests “default rates in a future downturn will likely be higher than in previous credit cycles.”____________________________Today’s DealBook Briefing was written by Andrew Ross Sorkin in New York and Michael J. de la Merced and Jason Karaian in London.____________________________
Bloomberg would sell Bloomberg if he won. But to whom?
Mike Bloomberg caught the attention of many on Wall Street yesterday when he proposed policies to rein in the financial industry. Then he made more waves when his campaign said he would sell his financial empire if he became president.Bloomberg L.P. could be valued at up to $60 billion, according to analysts at Burton-Taylor International. Campaign officials said Mr. Bloomberg would put the company into a blind trust should he win, with the intent of selling it.The company is best-known for selling terminals that serve up reams of financial data to banks and trading firms around the world, for the nonnegotiable price of $24,000 per seat. Burton-Taylor estimates that the company brought in $10.5 billion in revenue last year. (Bloomberg’s news business accounts for a tiny fraction of its revenue.)Who would want Bloomberg L.P.?• Data-hungry exchanges like the Intercontinental Exchange, which owns the N.Y.S.E. The London Stock Exchange bought Refinitiv, a Bloomberg competitor, last year.• Banks like Goldman Sachs and JPMorgan Chase, which have invested in Symphony, a rival to Bloomberg’s chat service.• A cash-rich tech giant like Google or Microsoft.Our colleague Ed Lee has thoughts on a potential sale:Bloomberg L.P. generates $10 billion in sales a year, with around $4 billion coming in profit before taxes (and other items). Put it another way: Mr. Bloomberg is used to seeing several billion dollars of cash roll into his personal bank account every year, and even if an all-cash payout incurred a huge capital gains tax, he’s used to it.Of course, there are good strategic buyers that could offer cash and stock. Microsoft, Google and Amazon — businesses that, like Bloomberg, deal in data and messaging — make sense. But Mr. Bloomberg will be calculating the following trade: giving up a very rich, regular cash dividend for stock in a company he doesn’t control that could go down in price.Some have suggested a lone buyer could emerge, someone like Warren Buffett or Bill Gates who might appreciate the beauty of the business beyond the balance sheet. But that would create a set of optics no one would want: a billionaire helping out another billionaire so he can become president.
SoftBank is raising more cash, again
The Japanese tech conglomerate said this morning that it planned to raise about $4.5 billion. This being SoftBank, however, the way it’s doing so isn’t exactly straightforward.We’d expect nothing less from a company whose $100 billion Vision Fund relies on a complicated, debt-heavy structure. In its latest maneuver, SoftBank will borrow against some of the holdings in its publicly traded Japanese telecom affiliate rather than just selling new bonds.SoftBank needs quite a bit of money. It’s under pressure from Elliott Management, the activist hedge fund, to buy back about $20 billion worth of its shares to bolster its stock price. And it has been spending more of its own money on tech investments as fund-raising for its second Vision Fund proves to be slow going.
The coronavirus spread in China appears to be slowing
We’ve heard that before, but there are some positive signs. “It’s too early to tell if this reported decline will continue,” said the World Health Organization’s director general. “Every scenario is still on the table.”Using bonds to fight the epidemic: At the urging of Beijing, Chinese companies have raised more than $3 billion in “virus control” bonds, reports the FT. The debt benefits from a faster approval process and low yields, since there is strong backing from state-backed buyers. Borrowers are required to devote at least 10 percent of the amounts raised to fighting the epidemic.
A different way to fight sexual harassment
The usual ways of addressing sexual harassment in corporate America aren’t working, Gretchen Carlson and Roxanne Petraeus write in Fortune. They suggest another approach: rethinking the use of nondisclosure agreements.When founders are building out their hiring practices, even at the early stages of their companies, they should understand what N.D.A.s are in their employment contracts, and consider the impacts on their colleagues, should those N.D.A.s be applied to sexual harassment cases. Investors should also be asking these questions to their portfolio companies.Similarly, leaders of more mature companies have a real platform: They can publicly denounce the use of N.D.A.s in sexual harassment cases to set new standards when it comes to what is considered common practice in dealing with sexual harassment.
The speed read
Deals• Franklin Resources agreed to buy a fellow asset management firm, Legg Mason, for $4.5 billion. (WSJ)• The Italian bank Intesa Sanpaolo has bid $5.3 billion to take over a rival, UBI Banca. (Bloomberg)• LendingClub is the first fintech company to buy a real-world bank with its $185 million deal for Radius Bancorp. (CNBC)• Blue Apron, which went public at a $2 billion valuation in 2017, is now considering selling itself, at a time when its market value has fallen to $57 million. (WSJ)Politics and policy• Attorney General Bill Barr reportedly considered quitting over President Trump’s tweets about Justice Department investigations. (WaPo)• A middle-class U.S. tax increase is inevitable sometime this decade. (Fortune)• Britain outlined its plans to restrict immigration for low-skilled workers now that it has left the E.U. (Politico)• Diseases like Covid-19 are deadlier in non-democracies. (The Economist)Tech• A federal judge rejected Huawei’s challenge to U.S. restrictions on working with government agencies. (Reuters)• Employees of Kickstarter voted to unionize. (NYT)• Alphabet is shutting down a moonshot project to harvest wind energy using kites. (Bloomberg)• The I.R.S. accused Facebook of “downplaying” the value of its intellectual property to pay less in taxes. (FT)Best of the rest• JPMorgan Chase reshuffled the leadership of its investment bank, including creating a new committee of dedicated senior deal makers. (Reuters)• Boeing is checking 400 grounded but undelivered 737 Max jets for debris — like tools and rags — left in fuel tanks. (Bloomberg)• Why open-office plans are terrible: They make spaces like “phone booths” and “meeting pods” necessary. (NYT)Thanks for reading! We’ll see you tomorrow.We’d love your feedback. Please email thoughts and suggestions to [email protected]. Read the full article
#1augustnews#247news#5g570newspaper#660closings#702news#8paradesouth#911fox#abc90seconds#adamuzialkodaily#atoactivitystatement#atobenchmarks#atocodes#atocontact#atoportal#atoportaltaxreturn#attnews#bbnews#bbcnews#bbcpresenters#bigcrossword#bigmoney#bigwxiaomi#bloomberg8001zürich#bmbargainsnews#Bond#business#business0balancetransfer#business0062#business0062conestoga#business02
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Mr. Robert Kraft collectively cited as Bobby Craft, is that the founder and chief executive officer of the recent Edge promoting LLC settled in Milwaukee, Wisconsin. He began New Edge marketing in 2016. The company specializes in data-driven promotion results and understands the need for World-class communications whereas protecting consistency across multiple platforms. We facilitate small, mid-sized, and big businesses to drive results to reinforce their ROI. To know more about us, visit our website!
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Bobby Kraft, A Milwwaukee based businessman acquired World Marketing Inc, the marketing and direct mail division of Omaha, Neb.-based Berkshire Hathaway’s Media Group. Milwaukee-based Optimus Financial Services helped secure acquisition financing from Associated Bank for the transaction.
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Celebs are feeling the holiday spirit.
Taking a break from fulfilling their own families’ Christmas wish lists, these stars set aside time and resources to make sure complete strangers have just as wonderful holiday seasons. Whether they were making sure no one went hungry in their communities or setting up magical experiences for those most in need, the 10 do-gooders below have left us with leaky eyes this month.
Cardi B The rapper was spotted at a local Miami Target on Dec. 20, where TMZ reports she stocked up on thousands of dollars in gifts for children — everything from dollhouses to sports sets and more. The holiday haul — reportedly valued at $5,000 — was then loaded into a rented moving truck before heading off to be delivered to lucky recipients.
A rep for Cardi B didn’t immediately return PEOPLE’s request for comment, but the “Press” singer’s past generosity is well-documented. Last year, the rapper visited the Gravesend neighborhood in Brooklyn to donate free winter coats to families in need. Although she was raised in the Bronx, Brooklyn has special meaning for Cardi — it’s where she shot her videos for “Red Barz” and “Pull Up on Me.”
Kylie Jenner
The beauty mogul billionaire was joined by mom Kris Jenner on a trip to the San Fernando Valley Rescue Mission, where they passed out food and toys from the Kylie truck and posed for photos. “I had so much fun. I had such a great time meeting all those people and just seeing everybody so happy as we left made the rest of my year,” Jenner said in the vlog documenting their trip.
Michael B. Jordan and Ellen DeGeneres
In a preview of DeGeneres‘ holiday special Ellen’s Greatest Night of Giveaways on The Ellen Degeneres Show, the Just Mercy star made a surprise visit to the Educational Gilmore Community Learning Center, a New Jersey organization that aids at-risk youth. Founder Frank Gilmore was left in happy tears when the actor announced DeGeneres would be covering his rent for two years, giving him $50,000 cash toward improving the program and gifting it a Mercedes van.
“This is a huge burden lifted off my shoulders,” Gilmore said. “I was just so emotional. That was my first time crying in front of any one of my mentees. I couldn’t believe that this was happening to me.”
Gary Sinise
The Forrest Gump actor’s nonprofit, the Gary Sinise Foundation, and American Airlines treated about 1,000 children of fallen military members to an all-expenses-paid trip to Disney World earlier this month. “I’ve gotten to know a lot of these families,” Sinise told WKMG about the event. “I love them and I want to just do something to help them through.”
“The important ingredient is that these kids meet each other and they know they’re not alone. They make friendships that last a lifetime,” he added.
Steph and Ayesha Curry
Dressed as The Grinch and Cindy Lou Who from How the Grinch Stole Christmas, the Currys revealed their identities to 2,000 Oakland families in attendance at Eat. Learn. Play’s Winter Wonderland event in late December. In partnership with the City of Oakland’s Parks, Recreation and Youth Development, Eat. Learn. Play. hosted kids and parents from across Oakland for an afternoon of holiday activities, including ornament making, family portraits, cookie decorating and a visit with Santa Claus! Families also went home with gifts including complete meal kits (with a turkey and all the fixings), toys, books and games.
LeBron James
The NBA star has a tradition of treating students at his I Promise School to a magical trip on the Polar Express.
Mr. LeBron sent his 3rd graders on the Polar Express for a magical journey to the North Pole!
#WeAreFamily pic.twitter.com/Bg2qPq1iMx
— I PROMISE School (@IPROMISESchool) December 11, 2019
https://platform.twitter.com/widgets.js
Last year, James opened the I Promise School through his Lebron James Family Foundation as an addition to the Akron Public Schools in his hometown of Akron, Ohio. The institution serves at-risk children and their parents, and provides free meals and bikes to students.
Kevin Hart and Kelly Clarkson
On The Kelly Clarkson Show, a single mother named Andrea told her story of sharing a house with 10 other people while raising her two sons and pursuing a nursing degree. The celebs surprised the mom with a scholarship to cover her tuition, presents for her boys, and a fully furnished apartment for her to move into courtesy of Xfinity.
Kelly Ripa and Mark Consuelos
View this post on Instagram #Ad I had a blast showing Mark where groceries are born and #DeliveringSmiles with @Amazon to our friends at @winnyc_org – the city’s largest provider of family shelter and supportive housing! Learn more about how you can give back this holiday season on Amazon.
A post shared by Kelly Ripa (@kellyripa) on Dec 16, 2019 at 6:42am PST
//www.instagram.com/embed.js
The husband and wife duo joined Amazon in hosting a holiday party for New York City-based charity Win NYC, which provides shelter and housing for homeless families, in delivering items from the organization’s AmazonSmile Charity List.
“We’ve really been very fortunate in our lives, our kids are healthy and our parents are relatively healthy and, so we’ve been blessed beyond, beyond. So to be able to be involved with an organization like this and give a little something back means everything to us because we’ve already been blessed beyond our wildest dreams,” Ripa told PEOPLE about their involvement.
Nick Cannon
Cannon dressed up as Santa Claus at the second annual L.A. Give Back presented by the Zen, Power 106, Nick Cannon Mornings & Variety BGC in Los Angeles on Dec. 21.
DJ Khaled and Meek Mill
The hip hop stars hosted a shopping spree with support from REFORM Alliance for children at the NBA Store in N.Y.C. in late December, helping kids buy sports apparel. Later, New England Patriots owner Robert Kraft arranged to fly the families to Gillette Stadium on the Patriots’ charter plane to watch the team take on the Buffalo Bills.
Jesse McCartney
The singer visited Minneapolis’s Masonic Children’s Hospital to perform for patients and give them Love Your Melon beanies. There, he gave a special serenade to a patient who had just undergone heart surgery. “This is Julia. We met in the elevator at The Masonic Children’s Hospital just two days after her open-heart surgery,” McCartney wrote on Instagram. “These are my favorite venues. The ones that make a difference. Mom’s reaction makes it all worth it!”
Ally Brooke, Emma Roberts and David Arquette
The trio joined forces in L.A. two weeks before Christmas, teaming with Feeding America and Para Los Niños to host the annual Felices Fiestas in Los Angeles to celebrate the holidays and raise awareness around the issue of hunger. They helped provide lunch and fresh produce to more than 700 children and families, distributing fresh fruit and veggies farmers’ market-style to the more than 2,000 attendees.
from PEOPLE.com https://ift.tt/2S8yEdX
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The 10 biggest changes in 100 years of the NFL
When the NFL first started in 1920, it wasn’t the high-flying spectacle it is now. In fact it was just a bunch of small towns. And now, 100 years later the only small town team left is the Green Bay Packers. And oddly enough, the Packers are the owners of the most championship won with 13.
The Packers are an instrumental part of the league’s history, which was clearly evident when they were chosen to open the NFL’s 100th season against the Chicago Bears. That history has created the largest sports enterprise in the world and the behemoth shows no signs of letting up anytime soon. Now that sports betting is legal it could take the league to a whole new level. Betway is a great way to get in on the action and reap the benefits of a sport that seems made for gambling.
But before gambling on the sport became popular, it had a lot of growing to do. Here are the moments that shaped America’s game.
The forward pass
Imagine a more stop-start version of rugby, where a player takes the ball and sprints directly into a scrum before the two teams reset and do it again.
You’ve just imagined an NFL game from the 1920s.
In the early years of the league, quarterbacks could only throw the ball forward from within five yards of the line of scrimmage, so pass plays were rare.
A 1933 rule change, however – inspired by the NFL’s desire to separate itself from the college game – allowed forward passes from anywhere behind the line, a decision that transformed the sport into the high-flying spectacle it is now.
In the 1932 season, no quarterback threw for more than 640 yards or nine touchdowns.
In 2015, Drew Brees threw for 505 yards and seven touchdowns. In one game.
The draft
Parity is everything in the NFL.
That a team can go from bottom dwellers to title winners in just a couple of seasons is a major part of why the league is so exciting.
That volatility is largely thanks to the draft.
Prior to 1936, teams would scramble to sign amateur players in chaotic bidding wars, driving up salaries for unproven college graduates who would hold out for the biggest offer.
So, in a bid to restore competitive balance and take leverage away from the players, the NFL became the first major sports league to hold an annual draft, in which franchises take turns selecting amateur players, with the worst team from the previous season picking first.
Rewarding failure in such a way might seem entirely at odds with what America claims to stand for, but the system caught on.
Every other major sports league followed suit and held their own inaugural draft within the following 30 years.
Racial integration
Segregation wasn’t outlawed in the United States until 1964, so it’s no surprise that the NFL was almost exclusively white for much of its formative years.
While a handful of black players played in the first few NFL seasons, there were none in the league between 1934 and 1946.
Then, Kenny Washington – one of the best collegiate players ever – permanently broke the race barrier by signing for the Los Angeles Rams.
The league very slowly integrated black players from there – helped by a boost from merging with the more tolerant AFL in 1970 – and as of the 2014 season the NFL’s player pool is now approximately 68 percent African American.
The problem is by no means fixed, though.
Despite the NFL introducing the ground-breaking Rooney Rule in 2003 – which requires teams to interview at least one candidate with a minority background for every head-coaching vacancy – just three of the 32 NFL franchises have African-American head coaches as of the start of the 2019 season.
The schedule
The NFL’s early years were chaotic.
With no set schedule, franchises played against anyone they could manage to arrange a game against, including teams from outside of the league.
They effectively made it up as they went along, and the amount of games they played varied wildly as a result.
While some teams played 10 or more, the Muncie Flyers, who finished last, played just one game (which they lost).
There was no championship game back then. The title winners were voted on at a contentious end-of-season meeting of the team owners.
That’s hardly a formula for a successful league, and in 1933 the NFL finally had its inaugural title game, with the Chicago Bears beating the New York Giants.
Three years later, the league reached a point where all nine of its members played 12 games, and since 1978 the regular season has been comprised of 16 games for each team.
The helmets
Looking at NFL helmets from the 1920s is terrifying, and not just because they made some players look like Hannibal Lecter.
No, what’s frightening is imagining helmet-to-helmet hits being dished out with just a layer of soft leather ‘protecting’ the skull.
The NFL gradually moved from leather skull-caps to plastic helmets with face masks in the 1940s, and by the 1950s all players wore the polymer helmets that are universal today.
The move away from leather was intended to improve player safety, but brain injuries – such as CTE – are a stain that the NFL just can’t cover up.
In 2013, around 4,500 former players sued the league for concussion-related injuries.
As a result, the NFL has pushed hard to outlaw helmet-to-helmet collisions, with penalties and fines becoming increasingly penal over the past few years.
The AFL merger
It’s not a great look for a league that likes to call its title winners “world champions” to be competing against an emerging rival with deep pockets, talented players and a more exciting style of play.
That was the case in 1959, though, when a group of wealthy owners formed the AFL and quickly threatened the NFL’s dominance by luring away some of the top college recruits with lucrative contracts.
The NFL initially ignored the younger league but eventually recognised that its talent base and profitability were both at risk and opened talks to merge the two organisations.
In 1966, a deal was agreed and a 24-team league was formed with two conferences – the AFC, featuring the former AFL franchises, and the NFC, featuring the remaining NFL franchises.
At the end of each season, the conference champions would play each other, spawning one of the biggest sporting events in the world…
The Super Bowl
You won’t find many non-basketball fans tuning into the NBA Finals, and only baseball devotees watch the World Series.
The Super Bowl, however, regularly attracts over 100 million viewers worldwide, more than any annual sporting event other than the Champions League final.
That’s impressive, considering American football is a complex game that can be tricky for casual fans to pick up and is almost exclusively played in the US.
The NFL has done a fantastic job of marketing its championship game.
Super Bowl Sunday is now essentially a national holiday, and traditions like Super Bowl parties and prop bets have spread to countries outside of the US.
The halftime show
The Who. Prince. Beyonce.
Some of the biggest musical acts in the world have produced iconic performances at the Super Bowl halftime show.
No other sporting event puts as much focus on its in-game entertainment, and there’s no doubt that part of the Super Bowl’s huge success is down to the popularity of the halftime show.
It wasn’t always the case. Until the early 1990s, the show would typically feature a marching band with a theme like A Salute to the Big Band Era or It’s a Small World.
But Michael Jackson’s iconic 1993 performance changed everything, drawing 91 million viewers and making the halftime show a coveted gig for the world’s biggest artists.
Since then, the halftime show has often been as memorable as the game itself, producing unforgettable moments like Katy Perry’s ‘Left Shark’ dance, Lady Gaga’s leap from the stadium roof and, of course, Nipplegate.
The salary cap
Aside from the draft, the salary cap is the NFL’s greatest leveller.
While sports like baseball and soccer (apologies, football fans) tend to reward the owners with the deepest pockets, the NFL sets a hard limit every year for how much each team can spend.
Following the example set by the NBA a decade earlier, the NFL introduced the cap in 1994, meaning success in the league is now almost entirely dependent on good coaching and talent evaluation.
The NFL doesn’t have a Manchester United or Real Madrid equivalent.
While the New England Patriots have dominated since 2000, their success can largely be attributed to the sustained performance of three-time MVP Tom Brady – the (almost) undisputed quarterback GOAT – and three-time Coach of the Year Bill Belichick, rather than the checkbook of Robert Kraft.
International expansion
The NBA and MLB have both played regular-season games in London in the past year, but it was the NFL that really pioneered international expansion.
Having staged a handful of exhibitions at Wembley in the 1980s and one regular-season game in Mexico in 2005, the league brought the Miami Dolphins and New York Giants over for its first ever meaningful game in the UK in 2007.
The game was truly awful. The Giants slogged to a 13-10 win in the pouring rain (classic London).
Wembley sold out instantly, though, and the huge fan support convinced the league to stage games in London every year.
The Jacksonville Jaguars – owned by Fulham owner Shahid Khan – signed a deal in 2013 to hold a home game in London every year, while the NFL have also agreed to stage at least two fixtures per season at the new Tottenham Hotspur Stadium for the next decade.
Everything is in place, then, for the league to take its most ambitious step yet – moving a team to the UK permanently.
Should the league convince the players, it could only be a matter of time until we’re watching the London Jaguars take the field.
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