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Thursday, September 30, 2021

Janet McCormick: Decadence like this doesn't come from a box - Huntington Herald Dispatch

Before the mass-food-production industry broke the notion of “scratch” baking, mommas and their mommas were cooking their little hearts out standing over a big bowl with a wooden spoon or spatula. Magazines and the like enticed millions, promising ease and convenient, quick cooking to tired mothers all over the nation by boasting the delicious and simple shortcuts their over-processed products could deliver.

The world believed, and the box and can dumping ensued.

Now, I can’t deny that convenience might’ve become the face of this revolution, but I’ll argue and deny until I die their claims of superior deliciousness.

“I love homemade soup but that canned version is better,” said no one ever! I feel the same way about pies, puddings, cakes and well — just about anything.

This cake might look a little homely, as I am no cake decorator. But I promise the chocolate-raspberry middle and the deep-chocolate icing tells another story of how baking from your stash of ingredients far exceeds what the pre-packaged food industry offers.

This was Sunday-dinner dessert with the family. I used frozen raspberries for garnish, but that frosting is not what your momma used to make.

Chocolate Raspberry Cake

butter and flour for coating and dusting the cake pan

3 cups all-purpose flour

3 cups granulated sugar

1 1/2 cups unsweetened cocoa powder

1 tablespoon baking soda

1 1/2 teaspoons baking powder

1 1/2 teaspoons salt

1 1/2 cups buttermilk

1 1/2 cups warm water

1/2 cup vegetable oil

2 teaspoons vanilla extract

1 pkg frozen raspberries

1 1/2 cups butter, softened

8 ounces cream cheese, softened

1 1/2 cups unsweetened cocoa powder

3 teaspoons vanilla extract

7-8 cups powdered sugar

about 1/4 cup milk as needed

Cake: Preheat oven to 350 degrees. Butter three, 9-inch cake rounds. Dust with flour and tap out the excess.

Mix together flour, sugar, cocoa, baking soda, baking powder, and salt in a stand mixer using a low speed until combined. Add eggs, buttermilk, warm water, oil, and vanilla.

Beat on a medium speed until smooth. This should take just a couple of minutes.

Divide batter among the three pans. I found that it took just over 3 cups of the batter to divide it evenly.

Bake for 30-35 minutes in a 350 degree oven until a toothpick inserted into the center comes out clean. Cool on wire racks for 15 minutes and then turn out the cakes onto the racks and allow to cool completely. Frost each layer and place a pile of raspberries in the middle then place the other round cake on top. Finish frosting the top.

Frosting: In a large bowl, beat together butter and cream cheese until fluffy. Use a hand mixer or stand mixer for best results.

Add in cocoa powder and vanilla extract. Beat until combined.

Beat in powdered sugar, 1 cup at a time. Add milk as necessary to make a spreadable consistency. The frosting should be very thick and will thicken even more if refrigerated.

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Here are the key issues facing Congress today. - The New York Times

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In a pivotal week, in a make-or-break stretch for President Biden’s domestic agenda, congressional Democrats are trying to assemble a puzzle of four jagged pieces that may or may not fit together.

Making them work as a whole is critical for the party’s agenda and political prospects. Failure could have major electoral and economic consequences — including the potential of a first-ever default on the government’s debt that could precipitate a global financial crisis. Here are all the moving parts.

Lawmakers entered this week facing a critical deadline: At a second past midnight on Friday morning, the parts of the government that operate under the discretion of Congress’s annual spending process had been set to run out of money.

Oct. 1 is the beginning of the fiscal year, and with larger issues dominating their attention, the Democratic House and Senate have not completed any of the annual appropriations bills to fund the Departments of Defense, Transportation, Health and Human Services, State and Homeland Security, to name a few.

On Thursday afternoon, lawmakers averted a potential shutdown. The Senate passed a stopgap bill that would keep federal funding flowing into December and allow more time for the annual appropriations bills to be completed. The House quickly passed the bill as well, clearing the way for Mr. Biden to sign it and keep the government funded.

Raising the debt limit is akin to paying off your credit card bill at the end of the month, because a higher borrowing ceiling allows the Treasury to pay creditors, contractors and agencies money that was already extracted from them in Treasury bonds and notes or contracts. It is not for future obligations.

Republicans have made it clear that they intend to filibuster an ordinary bill to raise the debt ceiling, as they did on Monday. For Democrats to do so unilaterally, they would most likely have to use a budget process called reconciliation that shields fiscal measures from a filibuster.

Doing so is a complex and time-consuming affair. It all has to be done in the next two to three weeks, to beat the rapidly approaching “X date” when the government defaults. Janet Yellen, the Treasury secretary, told Congress on Tuesday that the deadline is Oct. 18.

In August, with rare bipartisan swagger, the Senate passed a $1 trillion bill to build or fortify roads, bridges, tunnels, transit and rural broadband networks. The 69 “yes” votes included Senator Mitch McConnell of Kentucky, the Republican leader, and 18 others from his party. Then it got more complicated.

Pressing for a quick vote on the bill, nine conservative-leaning Democrats in the House threatened to withhold their votes for the party’s $3.5 trillion budget blueprint until the Senate-passed infrastructure bill cleared their chamber. But now liberals in the House are threatening to withhold their votes for the infrastructure measure until the budget blueprint has successfully made its way through reconciliation.

Democrats’ exceedingly ambitious social policy bill, which Mr. Biden calls his “Build Back Better” plan, is packed with longstanding party priorities. The House has drafted a 2,465-page version that includes a huge array of programs to combat climate change, the extension of a generous child tax credit, universal prekindergarten, greatly expanded access to community college, increased resources for elder care and paid leave, and a Medicare expansion to cover vision, hearing and dental care — all paid for by trillions of dollars in tax increases on corporations and the wealthy.

Speaker Nancy Pelosi had hoped to put it to a vote this week, but she faced two problems: As of now, Democrats most likely do not have the votes, and Senate Democratic leaders have yet to produce a detailed bill that can draw the support of every member of their caucus.

Several conservative-leaning Democrats in both chambers, including Senators Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona, have said they cannot support the plan as proposed. And because Republicans have made it clear they are unified in their opposition, Democrats cannot afford to lose even one vote from their party in the Senate and can afford to lose as few as three votes in the House.

Mr. Biden has been negotiating with the holdouts to determine what they could support. But for now, the lack of agreement on the sprawling plan is blocking its progress — and leaving the fate of the infrastructure measure uncertain as well.

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Mets 2021 disappointment was always coming - New York Daily News

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Love Looks Like This: We Had A Destination Wedding After Months of Uncertainty - Brides

Brides is committed to guiding ALL couples through not only their wedding planning journey, but through relationship milestones and ups and downs. Every love story is beautiful, has its own distinct history, and its own trials—there's no relationship that looks the same. To celebrate that uniqueness, we're asking couples to open up about their love story, for our latest column, "Love Looks Like This." Below, self-care blogger and speaker Aisha Beau Frisbey of Aisha Beau tells her story from West New York, New Jersey.

David and I were introduced by friends back in 2016. Our eventual maid of honor Natalie wanted to connect me with him. I was open to meeting someone, and while she and I talked about him for a little bit, we never set a specific time to meet. One day when Natalie and I were supposed to get manicures, she told me we were instead going to a sports bar to meet her husband and David. I was really caught off guard but thought ‘whatever happens happens.’ David greeted us with a huge smile and I immediately felt really comfortable with him. I felt like I already knew him, and we talked throughout the entire game. 

I expressed to him that I love travel and he told me that he was looking for a new travel buddy. His friends who he traveled with were busy getting married and having babies. We had just met each other, for maybe an hour at most, but he told me he was going to Portugal and I knew I was going with him. Our first trip together after many months of dating was Portugal, which was why we chose to get married there.

After being set up with each other, we hung out every weekend. We were just so consistent from the beginning. We do things as a unit. When we moved in together, I was having a really tough time at work. I was in fashion PR in New York, and had become a director of communications. It was what I had worked toward for so long, but I was still unhappy. I didn’t know what I should do, but I did know that this path was no longer for me.

I remember being in a crystal-encrusted bathroom of my former office and calling David. He told me to quit. He is so risk-averse so I was surprised that he said that. Him having confidence in me being able to figure it out gave me the confidence to leave PR. I’ve been an entrepreneur for almost four years now. He supported me emotionally and business-wise by helping me make the best decisions to grow in the long term. It was a hard time but it brought us together. I am a successful entrepreneur now because of him having faith in me. 

Photo by Hugo Coelho

We got engaged in December of 2019, a little over two years after moving in together. We had to do 98.5 percent of our planning virtually. We chose my wedding planners MUZA Weddings Concept remotely in March of 2020, and then had to put all of our faith in them due to the pandemic. We didn’t see our venue in person until two months before our wedding. The uncertainty of the entire planning process really took a toll on us. David really held it together better than me. 

During the planning process, I was reading the news constantly and pretty much became an expert on international relations. I was fielding questions from friends and family about a contingency plan. We were hoping that planning a wedding in September, 2021 would be okay, but three weeks before the wedding, the EU made a suggestion that EU countries close their borders to U.S. travelers. Thankfully, Portugal decided to leave their borders open and still allowed U.S. travelers in. We were really hanging on every single day. I felt like a crazy person at some points planning a wedding during the pandemic. I just kept faith that it would work out. 

On the day of the wedding, my whole family in Jamaica watched the ceremony via Zoom. My dad and sister were planning on coming, but we found out a month before the wedding that Jamaicans were still restricted from traveling to Portugal. I ended up making a Zoom conference room to share the day with everyone. My friends Erica, who is also Jamaican, and Twyla recorded our entire ceremony from the front row. I had brought David to Jamaica for the first time in February of 2021 to meet them. They had a chance to see David and talk to him before he walked down the aisle. They were really hyping him up. I was busy walking down the aisle, but I heard there was a lot of excitement! 

Ultimately, we had 54 friends and family join us for our wedding at Casa dos Penedos in Sintra. During the wedding, we had those moments where we just stood back and looked at the people that we had there and appreciated everything. We made it a point to be really intentional about that. The entire day was a complete fairy tale-we were in this huge house that resembled a castle. We did Covid tests before so we were able to, for at least that night, feel like things were normal. It felt good to hug everyone and dance with my friends and family all night. 

I’m very close with my family, so it was hard to say goodbye to them after the wedding. For a mini-moon, David and I went from Sintra to Madeira, which was just stunning. The weather was perfect, the skies were clear blue. We stayed at the Savoy Palace hotel, right in the middle of Madeira with these rooftop infinity pools that overlooked the entire island. It was nothing like I’ve ever seen before. 

Photo by Hugo Coelho

This planning process made our relationship a lot stronger because we had no choice but to focus on being a team and making everything a joint effort. It took a lot of pressure off, too, doing it together. Now, we’re gearing up for our full honeymoon, which we will do next year after we recover for a little bit from wedding planning. For that, we are planning to go to the Maldives. 

In the meantime, every morning I make sure we have a really long hug. I visit David while he’s at his desk (he wakes up before me), and I say ‘come on, stand up’, and it brings us together. Those deep hugs that we share each morning help us set the tone for that day and that week, and keep us connected. It’s something we look forward to each and every day.

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Most cryptos will fail, but bitcoin could be here for good - CNN

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New York (CNN)Bitcoin is among the most polarizing investments in history. Ask a skeptic, and they'll tell you it's a bubble that's about to pop. Ask a believer, and they'll tell you it's a bubble that will keep expanding forever.

Mike Novogratz, founder and CEO of crypto fund Galaxy Digital, is among the world's biggest believers in the potential for cryptocurrencies. At a CNN Business' Foreseeable Future live event Thursday, he encouraged investors to look past the often massive daily swings that bitcoin takes and look at the bigger picture.
"Bubbles and manias happen around things that fundamentally change the way we think," Novogratz told CNN's Julia Chatterley during the event. "Finance will be disrupted by decentralized systems, I'm confident of that."
Bitcoin is up about 45% this year and nearly 300% over the past 12 months, according to CoinDesk.
Much of the focus on bitcoin craze is about the underlying technology, Novogratz noted — but he thinks the crypto space represents a new investor identity beyond just looking for a return. Betting on bitcoin is about believing in a fundamental change to the way money works today.
Bitcoin traded just below $43,000 per coin Thursday. Novogratz expects it to be worth more than half a million per coin in ten years.
But while bitcoin is the biggest and most popular coin out there, there are thousands of others with much smaller market caps and likely perhaps staying power.
"I would bet 75% of cryptos don't make it" through the next decade, Novogratz added.

Regulatory reckoning coming?

Though the digital currency space is filled with hungry investors and plenty of opportunity to put money to work, one dark cloud keeps hanging over it: regulation.
It's still not clear which regulatory entity is meant to oversee the crypto market — in part because it's not clear whether the cryptocurrency is a security or a currency.
Some regulation would be useful, Novogratz said, but he expressed the importance of some freedom to innovate.
"We're all for regulation in the space," said Tavonia Evans, who founded the crypto Guapcoin to amplify the economic voice of the Black community. That's why she has been reaching out to regulators to work together on rules that make sense and don't stifle this new industry.

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Texas' near-total abortion ban faces many challenges. Here's the latest. - The Texas Tribune

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UNITED STATES OF AMERICA V. THE STATE OF TEXAS

INDIVIDUAL LAWSUITS AGAINST TEXAS DOCTOR

ABORTION PROVIDERS SUE BEFORE LAW COMES INTO EFFECT

FEDERAL LEGISLATION

U.S. SUPREME COURT TO HEAR MISSISSIPPI CASE

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Remember ‘I’m Just a Bill’? Here’s the 2021 version. - POLITICO

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The iconic Schoolhouse Rock! "I'm Just A Bill" cartoon taught us all how a bill, supposedly, becomes law. In 2021, the reality has grown much more complicated.

In the educational ditty from the 1970s, an animated scrap of paper, aka the bill, explains to a boy how it needs to pass both chambers of Congress before the president signs the legislation into law. We learned that bills are ideas that are proposed, considered by a committee, brought up for floor votes in both the House and the Senate, and finally end up on the president's desk, waiting to be signed into law.

But the process is a little more convoluted than the linear path the infamous "Schoolhouse Rock" video plays out.

After months of reporting on the haggling between Democrats and Republicans to pass Biden’s $1 trillion infrastructure bill, it got us thinking — the 45-year-old explainer needed more information. So we enlisted cartoonist Matt Wuerker and the video team to do just that.

Before drawing it all out, Wuerker spoke with POLITICO congressional reporter Sarah Ferris to better understand all those extra steps it now takes to pass a bill.

This conversation has been edited for length and clarity.

What are people not seeing or not understanding about the current process?

If there's any kind of controversial bill, it's going to have a lot more than just the steps of going through committee and getting to the House floor. There has to be behind the scenes negotiations for weeks, if not months.

It's so much now: What's the impact going to be politically, what is the reason for party leaders to put this bill on the floor, and how do you get the votes for it when it is on the floor?

And it's not just committees, there are also bipartisan gangs that are part of the process?

Yes, if you think about the chairmen in both the House and Senate, they're both Democrats. Sure, they agree on plenty of things, but the big hurdle that Democrats have been dealing with for years is the Senate filibuster, that 60-vote margin.

You can't only have the Democratic chairman writing and passing bills, and sending them to the president. You have to have bipartisan cooperation, and that doesn't exist in the vast majority of legislation.

But are you going to have the two party leaders from the Democratic side and the Republican side sitting in a room and hashing things out? No. That's why this bipartisan group has basically gone rogue.

Did the old version of Schoolhouse Rock “I’m just a Bill” leave anything out?

The more accurate version of this Schoolhouse Rock video right now might be about frameworks and proposals and more than the actual legislation. That's what both parties have to agree to before you can even agree to write a bill.

A House chairman who is in charge of infrastructure and transportation, Peter DeFazio, had this whole bill ready. He really wanted the Senate to take up his bill instead of their own bipartisan version. Now his bill isn't anywhere, it disappeared. It's never going to see the light of day.

These very senior committee chairmen like DeFazio who supposedly have all this power, in the end they don't really have any say?

They'll be working behind the scenes. But they're not the ones who are going to have the gavel at the end of the day, approving a bill out of the committee and sending it to the floor. The only way it can get to the floor is if the party leaders on each side can say, ‘we have the votes to pass this.’

And to add to the complexity, when we're talking about the infrastructure bill, we're really talking about two: the bipartisan infrastructure bill and a separate $3.5 trillion dollar bill that was split off because they realized this wouldn't pass the filibuster but instead with reconciliation?

Right. It is extremely rare for either governing party to be able to put together a package that can actually get signed into law. But reconciliation is the way to go now. It's the only game in town if you want to have substantial changes to policy. The only other thing that motivates Congress to get things done is a deadline. And the only other way to try to get bills to the floor is to attach it to a ‘must-pass’ government shutdown looming kind of legislation.

Another concept that’s popped up, that’s not part of the Schoolhouse Rock lesson is vote-a-rama. And in order to go through this process in the Senate, we had a vote-a rama that went to four in the morning. So what the heck is a vote-a rama?

Whenever a party doesn't have full supermajority control of Congress, they're going to be forced into this process every time they try to do special budget bills. And it comes with these really obscure rules where every senator can propose unlimited amendments. These votes are all political. It's basically Mitch McConnell and his members trying to get Joe Manchin or Kyrsten Sinema to vote for any potentially controversial issue.

Think of the budget resolution as a checklist for how much money you can spend on certain categories. You don't have to spend all of it and you also don't have to say exactly what it's going to be for. Basically, every committee gets a certain amount of money.

In the role of presidents, is there a change from administration to administration? Are some presidents more involved in this complicated process than others?

We've seen a mix of different personalities and how they try to interact with Congress. Former President Donald Trump had a little bit more of a vinegar approach to his Republican conference. He would outright threaten members not to vote for bills. Former President Barack Obama didn't really talk to Congress as much. He sent Joe Biden down to do the dirty work. And then, of course, with Joe Biden in office now, he's very close with the Senate. His legislative team has been up talking daily to all the various groups that he really needs to win over.

What is the biggest misconception that the public has about the current legislative process?

I think people think it's a lot more of a linear process and that the folks in charge of the House and the Senate have more leeway in how they decide to craft these bills. But in reality, there are so many invisible barriers.

That's why Congress ends up in circles with all kinds of extensions. You can acknowledge something is a problem, but actually coming up with even the first step toward the solution is never going to get the votes that you need.

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‘She was here’: People across country sending flowers to Laundrie home in North Port to honor Gabby Petito - WFLA

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‘She was here’: People across country sending flowers to Laundrie home in North Port to honor Gabby Petito  WFLA

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‘As You Like It’ meets the Beatles at Chicago Shakespeare Theater - Chicago Sun-Times

If you happen upon a full-on, in-the-ring wrestling meet or the riotous strains “All You Need Is Love” at Chicago Shakespeare Theater this month, be not confused. The Navy Pier venue has not forsaken its Elizabethan namesake for extreme sports and cover bands. It’s merely that director Daryl Cloran’s 1960s-set staging of Shakespeare’s “As You Like It” features extensive live wrestling and more than two dozen tunes from the Beatles catalogue.

The artistic director of Edmonton Canada’s Citadel Theatre slashed half of Shakespeare’s text to make room for the music in the Chicago production opening October 6. The first act’s wrestling match was not among the casualties.

“We wanted to throw audiences right into the world of the play, as soon as they arrive. There’s a big wrestling match in the play. So why not a preshow tournament?,” Cloran said of the 15-minute fisticuffs that foreshadow the play’s bout between the scrappy outcast hero Orlando (Liam Quealy) and the gargantuan, pragmatically named Charles the Wrestler (Austin Eckert).

Daryl Cloran, adapter & director of “As You Like It” inside the Shakespeare Theater in Navy Pier Friday morning, Sept. 17, 2021.
Daryl Cloran is directing his unique musical take on “As You Like It” at Chicago Shakespeare Theater.
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Cloran is unbothered by purists who would blanch at losing 50% of Shakespeare’s words in the translation from page to stage.

“Every once in a while, I have someone say ‘oh I missed that monologue’ or that one line. But I feel that the songs do the work of moving the story forward, and do the work really well. I don’t think that would be the case with every Shakespeare play. But it is with this one,” he said.

“As You Like It” is a rom-com of the first order: It follows the adventures of best friends and first cousins Celia (Melanie Brezill) and Rosalind (Lakeisha Renee). At lights up, we learn Celia’s royal father Duke Frederick (Kevin Gudahl) has usurped his older brother/Rosalind’s father Duke Senior (also Kevin Gudahl). Like her banished father, Rosalind dons a disguise and heads for the sanctuary of the woods, accompanied by Celia. As they gambol through nature amongst various foods, shepherds and trees that sprout love letters, the women find adventure, love, wisdom and redemption. As this is a comedy, most everyone is neatly married off in the end.

The Beatles and the Bard are a solid pairing, Brezill said. “You think about Shakespeare and the Beatles; they both wrote some of the most iconic verses about love and hope, lines we’re still quoting today.”

Still, finding the right song for the right scene was a challenge. “ ‘As You Like It’ is the most lyrical of Shakespeare’s plays — it already has songs inside of it,” Cloran said. “What we wanted to be sure of was that the music we added wasn’t just a pause for some of our favorite Beatles songs and then the show carries on. The music has to serve the story and the characters.

“There were a few songs that were so obvious to me it felt like they were written for the play, so I started from there,” Cloran said.

Among the “obvious” numbers: “Fool on the Hill,” which accompanies the court jester Touchstone (Kayvon Khoshkam) as he makes his entrance.

“ ‘You’ve Got to Hide Your Love Away’ is another one,” Cloran said. “The song is such a bittersweet commentary on the predicament Rosalind finds herself in, falling in love and then immediately having to hide it.”

The plot itself follows an arc that’s not completely divorced from the Beatles’ own progression from mop-topped pop stars to counterculture icons, Cloran pointed out.

“ ‘As You Like It’ starts in such a naĂŻve, hopeful, ‘I Want to Hold Your Hand’ kind of place,” Cloran said. “And then it goes into the forest and gets much more philosophical. You think of how the Beatles’ music changed from their earliest stuff to what they put out after spending time in India — it’s the same kind of evolution the play makes.”

Khoshkam has been the show’s Touchstone (“a mix of Austin Powers and Elton John,” according to Cloran) since its Vancouver premiere in 2018, reprising the role in Winnipeg, Edmonton, and now Chicago.

“I think entertainment and theater in general allows you to have a shared experience, where everything else melts away. And in this particular entertainment, everything else melts away into this big old burst of VW vans and Beatles music,” he said.

The themes of loyalty and friendship threaded through “As You Like It” are more powerful than ever, post-lockdown, said Brezill. She’s taking the lessons she learned in lockdown into rehearsal.

“I’ve come to appreciate how important it is to have people who will go into the woods with you,” the South Shore native said. “Community has been the one single most thing that has sustained me through the past year and a half. At some point, we all need that someone who is willing to walk through danger with us. That’s what this play is about in so many ways. Finding the community that supports you when times get really, really tough.”

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'Natural' for global bond yields to rise from here, say strategists - Reuters

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A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 24, 2021. REUTERS/Andrew Kelly

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/mm-bondyield-polls?s=6J&st=G poll data
  • Reuters poll graphic on the major sovereign bond yields outlook: https://tmsnrt.rs/3D0NWWj
  • Reuters poll graphic on the U.S. Treasury yields outlook: https://tmsnrt.rs/39PP8yY

BENGALURU, Sept 30 (Reuters) - Global sovereign yields will have only drifted modestly higher by this time next year, but most bond strategists polled by Reuters appear convinced the only way is up and the gap between short and long-term maturities is set to widen.

The latest quarterly poll results coincide with an unusually dramatic rise in Treasury yields following what most say is a decisive shift away from pandemic emergency policy by the world's top central banks and rising concerns about inflation.

Their reluctance to forecast anything more than modest rises in yields may also be a reflection of the years spent by these same forecasters predicting such a return to normal only to be flattened by relentless demand - led by central banks - for government bonds.

But the sell-off in U.S. Treasuries this week that pushed yields up to levels not seen since mid-June suggests the government bond market is finally at an inflection point as investors realign their outlook with the Fed and other major central banks.

"Growth is above trend, inflation is high enough as of now and for the forecast horizon. With this kind of backdrop, it is but natural for interest rates generally in the developed markets to move higher," said Arjun Vij, portfolio manager of J.P. Morgan Asset Management's $1.15 billion Global Bond Fund.

"The Fed and markets are pretty close on when the first hike will be. It's the pace of hikes" where there is room for markets to close the gap, Vij said.

The results of the poll, conducted Sept. 24-29, underscored that optimistic economic outlook, with 26 of 50 analysts, a 52% majority, saying a widening in U.S. two-year and 10-year Treasury spreads over the coming year was the more likely outcome.

While 11 said spreads would stay roughly steady, the remaining 13 forecast the gap to narrow.

Reuters poll graphic on the major sovereign bond yields outlook:

In the poll, over 60 bond strategists predicted the benchmark yield on the U.S. 10-year note would rise to 1.9% in 12 months, about 40 basis points higher than where it is now.

Benchmark yields in Germany , Britain and Japan were forecast to move up around 10 to 20 basis points during the same period.

Reuters poll graphic on the U.S. Treasury yields outlook:

But there was no clear consensus among analysts on what would drive major sovereign yields in the short run.

Among those who answered a separate question, 24 of 49 said incoming economic data would have the most impact, while 23 chose forward guidance from central banks and the other two said COVID-19 developments and wrangling over the U.S. debt ceiling.

"We think the tapering of Fed asset purchases ... is likely to have minimal market impact at this stage," said Rick Rieder, chief investment officer of global fixed income at BlackRock, referring to expectations for a $10 billion reduction in U.S. Treasury purchases and $5 billion cut in mortgage-backed securities from its current $120 billion monthly buys.

"This is partly because the Fed has done a decent job of telegraphing when tapering is likely to begin, but more importantly it's because the asset purchase reductions are likely to be trivial when seen in the context of how large the fixed income markets are today and how overwhelming the demand for income has become."

Reporting and polling by Prerana Bhat and Tushar Goenka; Editing by Ross Finley and Steve Orlofsky

Our Standards: The Thomson Reuters Trust Principles.

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Wednesday, September 29, 2021

‘Squid Game’: Wondering if You Would Survive? Here’s What to Read - The New York Times

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“Squid Game” just took over the world (and social media). Here are some of the best takes and trivia.

Yet another unheralded Netflix series has become a surprise hit. Seemingly out of nowhere (although it’s actually out of South Korea), the brutal nine-part survival drama “Squid Game” has struck a pop-culture nerve with its dark twist on cheery childhood games like tug of war and Red Light, Green Light — which, in the show, are played to the death for huge cash prizes.

Think “Battle Royale,” “The Hunger Games” and “Saw” rolled together with “Parasite”: an exercise in class warfare in which the losers (i.e., the poor people desperate enough to compete) are summarily executed.

Noting that “Squid Game,” which debuted on Sept. 17, was the No. 1 Netflix show in the world, Ted Sarandos, the Netflix co-chief executive, said on Monday that there was “a very good chance it’s going to be our biggest show ever.”

Wondering whether to dive in? Already tried the show’s Dalgona cookie challenge? Either way, we’ve gathered what’s worth reading from the oceans of ink about the show. Excerpts and links, below:

‘How Netflix’s Brutal “Squid Game” Is Already Wreaking Havoc Around the World’ [New York Post]

“More than 14 billion videos with the hashtag #SquidGame have appeared on TikTok since the show premiered Sept. 17 on Netflix. Now it’s being hyped as the platform’s top streaming series in the US and dozens of other countries — quickly becoming a time-sucking trending topic on Twitter and Instagram, too.”

‘“Squid Game”: How a Hyper-Violent Korean Series became Netflix’s Biggest Hit’ [The Age]

“Dr Sung-Ae Lee, an expert in Korean film and television from Macquarie University, says the show’s focus on the ever-increasing gap between rich and poor has perhaps proved timely for audiences. ‘It’s about Homo economicus, rather than Homo sapiens — these are people who only think about money,’ she says of the show’s characters. ‘We’re living in an era where people follow neoliberal ideology without even knowing, so I think the audience identifies themselves in the story.’”

‘Who Is Gong Yoo?’ [Marie Claire]

“Yoo is a familiar face to fans of Korean content. The 41-year-old actor has starred in some of the biggest k-dramas and films of the past 20 years, all while maintaining a private life off of social media. If this is your first time seeing Yoo, here’s what we know about him and which of his projects to watch next.”

‘This “Squid Game” TikTok Uncovers A Major Clue Hidden Behind the Beds in Episode 1’ [Bustle]

“A shrewd TikTok user noticed that hints to survive the deadly games were inside the bunker ever since they woke up in it in Episode 1. “THE CLUES WAS IN FRONT OF THEM ALL ALONG,” TikTok user @lucy.what1 wrote on her short clip. The video zooms in on the empty bunker, from a scene later in the series when the number of players had dwindled, clearly showing wall paintings that depict all six games played throughout the season.”

‘“Squid Game” Knockoffs Are The Latest Sensation to Take Over Roblox’ [Polygon]

“These knockoffs are able to proliferate across the Roblox platform because it’s hard to issue a claim against a children’s game, and also, knockoffs and parody games often go unnoticed. In fact, it’s common for on-platform developers to copy original IP, using nonlicensed characters from shows like ‘Dragon Ball Z’ and ‘Demon Slayer.’ Whether these developers get caught depends on how aggressively the I.P. owners protect their content.”

‘I Tried the Dalgona Candy Challenge to See If I Would Survive “Squid Game”’ [Delish]

“I was curious about how difficult this might be, so I decided to try it out myself. I followed this recipe from Korean Bapsang, but improvised with a few tools. I heated 6 tablespoons of sugar over low heat in a pot I held on its side. Once it all melted, I turned off the heat and added ¼ teaspoon of baking soda. What then ensued was the most chaotic two minutes of my life.”

‘Why Are ‘Squid Game’’s English-Language Actors So Bad?’ [Den of Geek]

“Given the V.I.P.s’ role in the narrative, the stilted performances of the English-language actors kind of work. The V.I.P.s are a group of disgusting wealthy men so out of touch with humanity that they bet on human life for fun. This is reflected in the manner of their speech. […] To call them monsters would be letting them off the hook for their lack of humanity, which is a choice they make everyday, but to have that separation between the contestants and the V.I.P.s marked not only by a language barrier, but by a style of performance, is an interesting narrative decision, if it was one.”

‘The Chekhov’s Gun in “Squid Game” That Has Fans Theorizing About Season 2’ [Looper]

“Redditor u/Atlantic789 gets credit for noticing the Chekhov’s gun moment, which happens about 31 minutes into the fifth episode of Season 1, “A Fair World.” The undercover police officer Hwang Joon-ho has infiltrated the island’s unit of red-suited guards, and he’s climbing down a ladder inside a secret passage […]”

‘The Ending to “Squid Game” Depicts a Moral Battle Between Egoism and Altruism’ [Men’s Health]

“The moral beliefs of the extremely wealthy, ‘Squid Game’ leads us to believe, are essentially egoistic. They also believe that everyone shares this ethic, making it acceptable to prey on others.”

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Britney Spears' Conservatorship Is Back In Court. Get Caught Up - NPR

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#FreeBritney activists protest outside the courthouse in Los Angeles during a conservatorship hearing on April 27. Matt Winkelmeyer/Getty Images

Matt Winkelmeyer/Getty Images

A judge in a Los Angeles court granted a request from Britney Spears' lawyer, Mathew Rosengart, to remove Jamie Spears, the pop star's father, as conservator of her estate on Wednesday. Here are the details.

Previous coverage:

Both Spears and her father, Jamie, had petitioned the court to end his role in the 13-year conservatorship, after a whirlwind series of recent events. But there are a couple of ways the judge could rule, including denying their petitions, replacing Jamie or terminating the arrangement altogether.

NPR's Andrew Limbong tells Morning Edition that Wednesday's proceedings will be pretty focused on Jamie's involvement in his daughter's estate; he points out that another conservator, Jodi Montgomery, handles issues of Spears' health and well-being.

Jamie has previously said that he would consider stepping down, without providing a specific timeline. Spears' new lawyer, Mathew Rosengart, has argued since his appointment in July that Jamie should be removed immediately.

Spears has said in the past that she found her father intimidating and abusive, and three recent documentaries from The New York Times and Netflix raise more questions about the degree to which she has been controlled and even exploited under the arrangement.

For example, Limbong says, Britney vs Spears shows how hard those in charge of Spears were working her, noting their financial incentive for putting her on tours and booking her shows. And Controlling Britney Spears alleges that her guardians planted a listening device in her room to record private conversations without consent.

He also notes that while this case is very much about Spears' future, it also has broader implications: Conservatorship reform advocates are watching it closely, and politicians on both sides of the aisle are also paying attention (among other developments, a Senate subcommittee held a hearing Tuesday on "toxic conservatorships").

There's a lot at stake, and a lot to digest. Check out these recommended reads and listens while you wait:


Reporting for this story originally appeared in the Morning Edition live blog.

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