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Will Nike shares rebound after falling 3 percent Tuesday? |
Early indications show the stock could stabilize today as investors move past the controversial move to select former San Francisco 49ers quarterback Colin Kaepernick as the new face of the athletic wear company’s “Just Do It” campaign, which is celebrating its 30th anniversary. |
“Believe in something, even if it means sacrificing everything. #JustDoIt,” Kaepernick, who has been with Nike since 2011, posted on Twitter on Monday afternoon. The athlete is currently a free agent and has not played on an NFL team since the 2016 season. |
Nike’s decision led to calls for a boycott of the company, with more than 42,000 people tweeting with the hashtag #NikeBoycott on Tuesday morning. Some users showed their disapproval by posting images and videos of themselves lighting their Nike products on fire. |
Law enforcement agencies are also among those not pleased with Nike’s decision. The National Association of Police Organizations (NAPO) fired off a letter to the company’s Chairman and CEO Mark Parker, calling for a boycott of the brand. |
“Regarding police in particular, Colin Kaepernick has deliberately perpetuated this myth of police officers as brutal as racist as thugs and he seems to get a kick out of doing childish stunts like wearing socks with cartoon pigs on them as police officers but at the same time doesn’t do anything anywhere to improve an... |
Kaepernick, the now-free agent quarterback, who led the Niners to Super Bowl XLVII where they fell to the Baltimore Ravens, stirred up controversy when he began kneeling during the playing of the national anthem prior to NFL games, beginning in the summer of 2016, to protest racial injustices against the African-Americ... |
Many other players have joined the movement since it began, which eventually led to NFL owners voting to enact a national anthem policy for the 2018 season. Under the new guidelines announced in May, players and others associated with the NFL who are on the sideline must stand during the playing of the Star Spangled Ba... |
The policy has been on hold since July under an agreement with the NFL Players Association, and while the league and players union have tried to come to a deal that pleases both sides, it doesn’t appear likely that the two parties will have an agreement before the start of the 2018 season on Thursday. |
The movement also caught the attention of President Trump, who lambasted Kaepernick and other players who participated in the pregame protests. Last September, the president called on NFL owners to fire any player who kneeled during the national anthem. |
Television ratings declined nearly 10% across all networks during the 2016-2017 regular season, according to data from Nielsen, though that cannot be blamed solely on the anthem controversy. An average NFL game was watched by 1.6 million fewer people in 2017 versus the prior year— an overall decline from 16.5 million t... |
Shares of Foot Locker took a hit as well, falling nearly 2 percent. Nike products account for about two-thirds of the retailer's revenue. |
This story has been updated to reflect the share price of Nike and the statement from NAPO. |
FOX Business Network's Adam Shapiro contributed to this report. |
the ocean with ideas of conformity and, conversely, standing out in the crowd. |
fear the depths of the sea. |
away from the rising tides. |
"This was originally for the ‘alone’ prompt. I really liked writing so I decided to go back and record it as well. I retitled it from ‘a Mourning in fur’ to ‘Mr. Paddington’" |
Emily is a new contributor to Young Writers Project, and this is her first attempt at recording herself reading a piece. As she put it, "Geronimo!" |
A Southwest Airlines plane slid sideways while preparing for takeoff from Baltimore–Washington International Airport on Wednesday, according to the U.S. Federal Aviation Administration (FAA). |
There were no reported injuries to the plane’s 143 passengers and six crew members, the carrier said, after Southwest Airlines Flight 906 slid while preparing to depart for Montego Bay, Jamaica. |
Video posted to Twitter showed passengers disembarking from the Boeing 737 jet as safety officials looked on. |
The FAA said in a statement that the plane remained on the taxiway and would be towed to the gate. The flight safety body said it would investigate the incident. |
“As always, the safety and support of our customers and employees remains our primary focus and we are working to get them on their way as quickly as possible,” Southwest spokesman Brian Parrish said. |
Pictures and video posted to social media showed heavy skid marks where the front of the plane slid to the edge of the taxiway. |
“Sliding into vacation the wrong way,” Instagram user Josh@cherrimanj wrote on a picture showing the plane’s nose pointed to a grassy area out of taxiway lines. |
LONDON — Driving an old diesel car in London has just gotten a lot more expensive. |
Starting on Monday, drivers in the center of the British capital whose cars do not meet European Union emissions standards had to pay an additional daily penalty. The change comes amid a Europe-wide backlash against diesel in the wake of a scandal in which several major carmakers, particularly Volkswagen, secretly cut ... |
The new charge primarily affects drivers of older diesel-powered vehicles, and it is in addition to the city’s longstanding congestion charge in which most vehicles are assessed a daily fee to enter central London during busy weekday hours. |
City officials said the toxicity levy, known as the T-Charge, was intended to improve air quality. But it may also hasten the already precipitous decline in the sale of cars powered by diesel, once the fuel of choice in Europe. |
Affected drivers are charged 10 pounds, or $13.20, per day to drive in the city center. That is on top of the congestion charge, which was put in place in 2003 and is now £11.50 per day. That means it now costs £21.50, or almost $30, for them to drive in the city center. |
Transport for London, which operates the public transport system, said the new emissions charge was “part of our commitment to help clean up London’s dangerously polluted air.” The charge applies primarily to cars manufactured before 2005. |
The authorities track who owes the new fees by using the same enforcement systems used for the congestion charge: Surveillance cameras monitor vehicles that enter and leave the city center, and a failure to pay the levy results in an additional fine. |
Mr. Khan said air pollution contributed to the underdevelopment of children’s lungs and the development of maladies like asthma, dementia and strokes in adults. In a statement, the mayor said he himself had recently begun to suffer from asthma. |
The mayor’s office posted a flurry of statistics online in support of the fee. It said drivers made roughly six million trips in London each day and roughly a third of them drove less than two kilometers, or about 1.2 miles. |
Roughly 40 percent of air pollution in the city comes from diesel vehicles, Mr. Khan’s office said. Many of those are being driven short distances or for less-than-urgent reasons like “shopping, leisure and personal business,” it said. |
London’s action is likely to embolden other European cities to impose similar restrictions. Paris, Madrid and Athens have announced plans to ban diesels beginning in 2025. In Germany, numerous cities, including the automaking centers Stuttgart and Munich, are considering bans of older diesel vehicles. |
Despite assertions by automakers that diesel is clean, studies by the German, French and British governments have found that virtually all manufacturers took advantage of loopholes in European Union regulations. That allowed them to weaken a vehicle’s emissions controls during everyday driving to reduce wear and tear o... |
As a result, levels of harmful nitrogen oxides in urban areas have remained high despite emissions standards that, on paper, have grown progressively more rigorous. City governments are under pressure to ban diesel in order to avoid sanctions for excess pollution. |
The backlash against diesel has even become a threat to Germany’s economy, which is dependent on automaking. Until recently more than half of new cars sold in Europe had diesel engines, largely because of tax breaks that ensure that diesel fuel is less expensive at the pump. |
But consumers are abandoning diesel because of health concerns and fears that they may be compelled to park their cars outside city limits. In Germany, Europe’s largest car market, sales of cars with diesel engines have fallen more than 20 percent during the last year. |
Follow Liam Stack @liamstack and Jack Ewing @JackEwingNYT on Twitter. |
Liam Stack reported from London, and Jack Ewing from Frankfurt. |
Netflix releaseed Narcos Season 2 on Friday and if you’re like me you’ve binge-watched most of it over the holiday weekend. The streaming service isn’t going to wait a month to announce that the show will continue like they did with Stranger Things. This morning Netflix revealed an announcement teaser trailer which unv... |
Perhaps Ben Bernanke should have spoken up sooner. |
Bernanke, the former chair of the Federal Reserve who helped mastermind the massive bank bailouts in the wake of the 2008 financial crisis, says he believes more Wall Street executives should have been held accountable for their roles leading up to the crisis. |
While all the major Wall Street firms – J.P. Morgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), etc… -- have agreed to pay fines now totaling in the hundreds of billions stemming from widespread fraud that occurred ahead of the 2008 meltdown, not a ... |
Bernanke is now questioning that oversight. |
“It would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not be an abstract firm. And so in that respect I think that there should have been more accountability at the individual level,” Bernanke said in an ... |
Bernanke’s memoir, The Courage to Act, is out today. |
Bernanke stressed that the Fed is not a law enforcement agency, suggesting that his job was to make sure the U.S. economy didn’t fall off a cliff. And his unprecedented interventionist policies – zero percent interest rates and the Fed’s massive bond purchases – are widely credited with helping to do just that. |
The former Fed chair, who has leveraged his unique experience into a (presumably well-compensated) consulting gig at huge Chicago-based hedge fund Citadel, blamed ongoing political hostility targeting the Fed on the Fed’s inability to properly communicate what it was doing at the time and why the bailouts were necessar... |
The Fed has come under sharp criticism in some corners for bailing out Wall Street then initiating monetary policies that have seemingly benefitted Wall Street while many Americans are still struggling from fallout related to the crisis. Low interest rates, for instance, have spurred a bull market in stocks that has le... |
"I have to say that every time I saw a bumper sticker which said, 'where's my bailout?' it hurt,:" he said. |
Bernanke stayed clear of the current debate over the timing of raising interest rates. |
“You know, the last thing I want to do is start second-guessing Janet Yellen, who I think is doing a really good job and making some tough calls. But clearly there are some tough decisions to make on how to manage policy at this point, and this is a very important juncture,” he said. |
Bernanke was at the helm of the Fed when interest rates were lowered to their current near-zero range in December 2008. |
Tillis, the father of country singer Pam Tillis, recorded more than 60 albums and had more than 30 top 10 country singles, including "Good Woman Blues," ''Coca Cola Cowboy" and "Southern Rain." Among the hits he wrote for others were "Detroit City" for Bobby Bare; "Ruby, Don't Take Your Love to Town," by Rogers and the... |
Tillis, meanwhile, became a major success on his own in the late 1960s and toured for decades, often using his stutter as a source of humor — though his stutter disappeared when he sang. |
The British bank Standard Chartered lost nearly a quarter of its value in trading Tuesday, a day after U.S. officials accused it of illegally laundering $250 billion in financial transactions with Iran during the past decade. |
The Britain's fifth-biggest bank has operations spread throughout the world, but until now had been spared from a wave of recent disclosures about financial irregularities by British banks. But New York's top banking regulator alleged that Standard Chartered “operated as a rogue institution” from 2001 to 2010. |
The regulator said the bank earned hundreds of millions of dollars in fees as it filtered money through its New York branch in about 60,000 transactions with Iranian financial institutions. He said the transactions exposed the U.S. banking system to terrorists, drug traffickers and rogue states. The U.S. Federal Bureau... |
Standard Chartered said it “strongly rejects” the U.S. allegations and will fight the effort to revoke its license to do business in New York, a key financial center. But its stock plummeted, and the value of the bank plunged at least $12 billion. |
The U.S. government has sharply regulated financial transactions with Iran since 1979, when 52 Americans were held hostage by Tehran for 444 days, and stiffened the rules in recent years as the West has sought to curb Iran's nuclear development program. |
A report commissioned by Bristol City Council on the city's long-awaited arena has suggested building the venue at the Brabazon hangar in Filton rather than on Temple Island by the city's Temple Meads station. |
£9m has already been spent preparing the Island for the Arena but the development has been put on hold for the investigation. |
The new report puts the cost of the current proposed site next to Bristol Temple Meads at £156 million - that's £33 million more than the current approved budget and almost double the original projection. |
Instead the accountants KPMG say an alternative site at Filton could be much cheaper to build - especially as the company YTL is offering to build the venue itself for free. Temple Island could then be used for homes, offices and shops instead. |
But what do people, politicians and journalists think? |
However you cut it up, the KPMG reports are very bad news for South Bristol. The top line is no arena and no investment - in fact, the only guarantee that residents have is years of uncertainty around the Temple Meads site. |
Bristol South needs investment, jobs, improved infrastructure - and a signal from those running the city that they are not forgotten. Instead, we are looking at a process which has not only failed to deliver in every regard, but actually cost millions of tax payers’ money to achieve precisely nothing. My constituents d... |
The problem with these reports is that we are being asked to compare reality with fiction. |
On the one hand we have an actual arena on which millions of pounds of actual money has been spent and actual building work had already begun which would bring huge economic benefits to the disadvantaged areas of Central and South Bristol in terms of new jobs and opportunities. |
On the other we have a highly optimistic pencil sketch, in which the private sector steps forward and provides exactly what the Mayor wants on the Arena Island site, at little or no cost to the public purse, while a foreign corporation builds and owns an arena to the north of Bristol. |
I don't mind where the Arena goes as long as it gets built and it's good value for council taxpayers. But my number one requirement is that if it comes to Bristol it has transport upgrades with it. |
I cannot support the Arena in North Bristol unless we see bus and rail upgrades and we have some solid commitments on our road network which across North Bristol is already gridlocked at travel to work time as it is, let alone with a 15,000 seater Arena with Ed Sheeran or whoever it is on a Friday or Saturday night. |
Bristol City Council will be meeting to discuss the Arena on 18 June before the decision is made on 3 July. |
The yield on the 10-year Treasury rose 5.4 basis points to 2.052% Tuesday after China's decision to lower its benchmark interest rates gave global markets a boost. On Monday, the yield on the 10-year dipped below 2% for the first time in nearly four months. The yield on the two-year note gained 3.2 basis points to... |
Your sister Hazel is overjoyed and can’t wait to sell those old 78s so she can buy that new house she’s been eyeing. You, on the other hand, are kind of bummed out. After all, Uncle Mortie had always insisted you were his favorite. An IRA? What are you supposed to do with that? |
Fortunately, you work with an experienced financial advisor who sets you straight: though the dollar amounts are identical, the IRA your uncle left you is potentially much more valuable than the records--but only if you handle it correctly. In fact, while Hazel’s new home will likely turn into a money pit, your inherit... |
As your advisor explains, after Hazel finds a buyer for the record collection (purchased decades ago for next to nothing), she will immediately lose 45% to income tax. That will leave her with $165,000. Not exactly the bonanza she envisioned. |
What if Hazel didn’t buy the new house and instead invested the proceeds? Let’s assume her account earned 6% and that after paying taxes, she’d end up with a net return of 4.5%. If she left all the money in the account for 21 years, it would grow to $415,840. |
On the other hand, the money you receive from your uncle’s Roth IRA is tax-free. If you cash it in, you’ll walk away with the full $300,000. If you chose the same investment as your sister and left it alone for 21 years, your $300,000 would grow to $756,072. |
But there’s a smarter approach: Use the same investment, but leave the money in Uncle Mortimer’s Roth IRA and withdraw a certain amount each year. Not only is your withdrawal tax-free, the money that remains invested inside the Roth IRA also continues to grow tax-free. |
As a 65-year old, the IRS gives you 21 years to empty Uncle Mortimer’s IRA account. You simply have to withdraw a minimum amount each year- called your “Required Minimum Distribution” (RMD). This strategy is called “stretching” an inherited IRA. And it can turn a relatively modest inheritance into a lifetime of income.... |
As someone who writes and speaks about IRAs, Jones has heard horror stories about what can happen when an uninformed or confused individual makes an innocent/stupid mistake. The biggest one, he says, is not filling out the beneficiary form for an IRA. In some cases, the contract with the IRA custodian states that the d... |
Another common mistake, according to Jones, is also something that is easily avoidable: “Never fill out IRA forms online.” It’s too easy to click the wrong box and press "submit.” Instead, he recommends printing out the form and filling it out the old-fashioned way, i.e. by hand. In his view, “We are more careful readi... |
Note: Recently the U.S. Supreme Court ruled that inherited IRAs are not protected if you file for bankruptcy. Read more about here. |
1. Inheritance tax was paid using other assets in Uncle Mortimer’s estate. |
Quiet time. Despite the brief scuffle between the opponents, this issue focuses on the interpersonal relationships. Contemplation rather than confrontation. Typically, I summarize the story in its proper sequence. This time around, I will focus separately on the two main parts as well as the two sub-plots. In other wor... |
Two very different halves of a broken mirror are the narrators albeit one ups her game at the end of this chapter. More on that later! |
War comes naturally to Diana. It’s second nature. Observation is even more important than fists first. The three remaining members of the League along with Mr. Miracle and Steve Trevor briefly engage with Kalibak, Kanto, Lashina, and Steppenwolf. The tide turns when a brave beauty bombastically butts in to the battlefi... |
She puts the Amazon Princess to shame! Barda blasts Kanto with her rod, slams into Steppenwolf, and tosses Kalibak as if he were weightless. She ignores her husband’s plea to remain anonymous by lip-smacking him. There’s a pause. Barda sees it unnecessary to clash with the Apokaliptans since the ‘Great Darkness’ has pa... |
Brief interlude: Metron is roaming the halls of the Rock of Eternity. A young woman claiming to be Billy Batson’s friend appears in a magic mirror. She points out his uselessness without the Mobius Chair and chastises him for endangering the universe in order to reclaim his soul. He smashes the mirror and demands silen... |
Wonder Woman is a general through and through. Logic dictates that the best way to prevent the Anti-Monitor’s ravaging of Earth is to contact the Crime Syndicate. She sends Cyborg, Power Ring, and the New Genesian couple to Belle Reve to interrogate Superwoman and Ultraman. |
Steve tries to rekindle the old fires between him and his ‘angel’. Since Diana is extremely rattled, he must comfort her. He addresses the major elephant in the room: her reason for dating Superman. Diana informs him that it isn’t out of love. Rather, they are just friends (with benefits). He threatens to use the lasso... |
Steve wants to avow his undying love for her if they must perish but he is snatched by newly-transformed Superman. Diana lunges at her paramour. |
Grail and her mother Myrina have found the Anti-Monitor. His essence exits his corpse and heads towards the daughter of Darkseid. She has captured the Anti-Life Equation. She enlightens her mother: she will resurrect her dearly departed dad and make him pay for his transgressions! Oh, and she ascends as the Goddess of ... |
End of story. Wait!! What about the rest of the League? The six newer gods are in the background since they each had their one-shots to fill the gaps between the previous issue and this one. The exception is Superman who makes an alarming appearance. Diana shudders at her teammates’ divination. The contrast is fascinat... |
Geoff Johns is a cunning chess master!! The pieces of the board have not all fulfilled their functions. The path widens ever so slightly. The progression of events will lead into a modern-day Odyssey! There are teases everywhere! Will Bat-Tron have an eventual confrontation with the God of Laughter? |
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