Share to Twitter Share to Linkedin Floyd Mayweather’s Nascar team is preparing to make waves in its second season of competition. The Money Team Racing — coined after Maywather’s lifestyle brand — just announced it will attempt to qualify for the Daytona 500 with Conor Daly later this month. Mayweather co-owns the No. 50 Chevrolet team with longtime Nascar executive Willy Auchmoody and ONE Entertainment CEO Brent Johnson, who’s Mayweather’s marketing manager. The part-time organization spent several years and the majority of the Covid-19 pandemic to overcome hurdles before qualifying into the 2022 Daytona 500 with Kaz Grala to make its debut. “The Money Team Racing shocked the world by making the Daytona 500 last year and I believe in this team and know we will prepare a great car for this year's race,” Mayweather said in a statement. “Like a fighter who’s always ready to face the best, Conor has the courage to buckle into this beast without any practice … [Read more...] about Floyd Mayweather’s The Money Team Racing Prepares For Second Nascar Cup Series Season
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Watch The Kayce/Rip Fight Scene From Season One Of ‘Yellowstone’
We’re closing in on “Yellowstone” season two, and it’s a great time to remember one of the best moments in the show. During season one, Kayce, the youngest Dutton son, gets into an altercation with Rip after scaring off a grizzly. The former Navy SEAL and the muscle of the ranch duked it out in epic fashion. It became crystal clear immediately that these two don’t like each other. While Rip might have won the fight, there’s no doubt that these two will square up again. (RELATED: ‘ Yellowstone ’ Season 2 Will Premiere June 19, 2019 On The Paramount Network) Watch it below. That’s the exact kind of video to get us all amped up for season two, which returns June 19 . The second run of the show is going to be absolutely epic. I can promise you that much. I’ve never been more confident about anything in my life. View this post on Instagram A post shared by Yellowstone (@yellowstone) on Dec 28, 2018 at … [Read more...] about Watch The Kayce/Rip Fight Scene From Season One Of ‘Yellowstone’
The FTC’s Fight Against Non-Monopolies Won’t Help Consumers
Share to Twitter Share to Linkedin Popular Bloomberg News columnist Matt Levine likes to make a comical point in his popular Moneystuff column for Bloomberg that from the SEC’s perspective nearly everything a company does (or its executives) that violates the law can be construed as securities fraud. The Federal Trade Commission under Lina Khan has embraced a similarly omnivorous jurisdictional appetite by declaring that a wide array of heretofore commonly accepted business practice could potentially be construed as a violation of antitrust laws. Abandoning the notion that the FTC should be concerned first and foremost with consumer welfare and prices has given Khan the freedom to pursue an overtly political agenda, which a cursory exam of the industries in her crosshairs makes abundantly clear. Two issues in particular illustrate the extent to which the current FTC is pursuing a narrow ideological agenda rather than attempting to improve consumer welfare. … [Read more...] about The FTC’s Fight Against Non-Monopolies Won’t Help Consumers
Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts
KEY TAKEAWAYS The U.S. savings rate has plunged, and 401(k) accounts have declined as loans and hardship withdrawals exacerbate market losses. With interest rates rising, consumers appear less likely to borrow money in 2023. As a result, the recent decline in consumer spending may persist. Last year, the highest U.S. inflation in 40 years had an entirely unsurprising effect: shrinking the amount of cash in Americans' pockets—and portending challenges for consumer spending in 2023. From tapping their savings to dipping into their retirement accounts, Americans increasingly scrambled for money as the cost of living soared and the Federal Reserve's interest rate hikes, designed to lower inflation, raised borrowing costs. Nearly half of Americans said they have less savings than they did a year ago, according to a recent Quinnipiac University poll. As cash savings fell, so did retirement accounts: The number of 401(k) retirement participants taking out loans from their … [Read more...] about Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts
Budget 2023: Marginal hike in healthcare allocation, key schemes see cuts
India’s budget for healthcare saw a marginal increase of 13 percent in Budget 2023-24 from Rs 79,145 crore in 2022-23 to Rs 89,155 crore in 2023-24. Over the last five years of the Modi government, the sector has seen a 27 percent rise in allocations from Rs 62,659 crore in FY20 to Rs 89,155 crore in 2023-24. However, schemes such as Pradhan Mantri Ayushman Bharat Health Infrastructure Mission as well as the Pradhan Mantri Swasthya Suraksha Yojana have seen lesser amounts being allocated to them in this budget. The allocation for one of the flagship schemes of the government — Pradhan Mantri Ayushman Bharat Health Infrastructure Mission, a pan-India health scheme for strengthening healthcare infrastructure — fell to Rs 645.8 crore from the previous budget estimate of Rs 978 crore. The utilisation of the fund has been even lower, with the revised FY23 estimate standing at Rs 281.6 crore. The Pradhan Mantri Swasthya Suraksha Yojana, announced with the objectives of correcting … [Read more...] about Budget 2023: Marginal hike in healthcare allocation, key schemes see cuts
It’s not just Manchester City. Financial football is becoming more prevalent
Hassane Kamara of Watford FC looks dejected following their side's defeat in the Premier League match between Manchester City and Watford at Etihad Stadium on April 23, 2022 in Manchester, England. (Photo by Alex Livesey/Getty Images) Hassane Kamara is a high-octane defender at Watford FC in England. He was the club’s player of the year last season despite only joining in January 2022. He’s also emblematic of the financial engineering available to football clubs through the increasingly popular multi-club ownership model. Watford was relegated from the Premier League last summer and Kamara was sold to Udinese of Italy for a profit of about £12 million ($14.4 million). That looked like a great trade — but even better was that Udinese, which is owned by the same Italian family that owns Watford, immediately loaned the player back. No rules were broken and Watford Chairman Scott Duxbury was upfront about the motives, telling the club’s website that the deal aimed to balance … [Read more...] about It’s not just Manchester City. Financial football is becoming more prevalent
Don’t say it out loud, but BP is back into petroleum
BP Plc posted its second-highest quarterly profit on record and announced a further $2.5 billion of share buybacks, capping a stellar period for Big Oil after Russias invasion of Ukraine pushed up energy prices. (Source: Bloomberg) When Bernard Looney took over as chief executive officer of BP Plc in 2020, he promised to quickly decarbonize the British oil major, cutting oil and gas production by 40 percent by 2030 and channeling billions of dollars into wind and solar projects. It was a stronger version of the “Beyond Petroleum” slogan BP once used. On Tuesday, Looney altered course. The company put out some fine words about its commitment to green energy and several billion dollars in investment to back it. But in tandem, it promised shareholders it would invest heavily into oil and gas projects. Instead of a 40 percent output cut, oil and gas production would fall by 25 percent by the end of the decade. Don’t say it out loud — because Looney took pains to emphasise that … [Read more...] about Don’t say it out loud, but BP is back into petroleum
5 Reasons To Consider A Cold Weather Trip This Spring Break
Share to Twitter Share to Linkedin After a long winter the impulse to escape to a beach somewhere in the Caribbean often overtakes travelers, however, there are some very compelling reasons to book your spring vacation in a snowy destination — even if you don’t ski. From sustainability factors to a true escape from the peak travel season crowds, thinking outside of the typical spring break box can have huge payoffs in terms of your travel experience —including a deeper connection to the destination and the people you meet there. Tom Wilkinson, Senior Product Manager with Exodus Travels, says that the tour operator’s trips in Northern Finland provide travelers with a memorable and impactful travel experience — one that suggests you pack a bathing suit, but doesn’t involve swimming through a cloud of someone else’s sunscreen. Here’s why you should consider a different kind of vacation this spring. Crowd control Forget lining up at the bar for an … [Read more...] about 5 Reasons To Consider A Cold Weather Trip This Spring Break
Lisa Vanderpump On Being Her Own Boss, Reality Television Today And Her Expanding Business World
Share to Twitter Share to Linkedin For over a decade, reality television star Lisa Vanderpump has brought a memorable sense of elegance and style into our homes. From her nine seasons on Bravo’s The Real Housewives of Beverly Hills to her ongoing reign with Vanderpump Rules , Lisa has effectively utilized her notoriety to now be able to create the projects that matter most to her today. “I’ve got to a stage in my life where everything has to be a passion project,” Lisa, 62, tells me over tea at her vibrant “Villa Rosa” home in Beverly Hills. “I’ve done so many different things that now I find that I am motivated by something that excites me. I love design. My design partner [ Nick Alain ] is here now. We have two new big projects coming up. We’re designing two new restaurants that have a deadline and nothing is as motivating as a deadline. I’ve just opened Paris Casino in Las Vegas, which we presented to them and they fell in love with our visuals. … [Read more...] about Lisa Vanderpump On Being Her Own Boss, Reality Television Today And Her Expanding Business World
Democrats’ Price Controls Undermine Biden’s Cancer Moonshot
Share to Twitter Share to Linkedin Last night's State of the Union address was a festival of cognitive dissonance. President Biden proudly lauded the price controls that Democrats have begun implementing on prescription drugs as part of last August's Inflation Reduction Act. He also touted his administration's Cancer Moonshot, which aims to halve the cancer death rate over the next 25 years. These policies are in direct conflict with one another. Pharmaceutical companies are already responding to the IRA's looming price controls by scaling back their research and development efforts. As a result, there will almost certainly be fewer new treatments for cancer—and other illnesses—in the years to come than there would have been without the IRA. The law grants Medicare the power to essentially set the prices of 10 brand-name medications starting in 2026, another 15 in 2027, another 15 in 2028, and another 20 in 2029 and each year that follows. … [Read more...] about Democrats’ Price Controls Undermine Biden’s Cancer Moonshot