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Kyle C. Garrison

2459 Posts
Red Sea Shipping Halt Is Latest Risk to Global Economy

Red Sea Shipping Halt Is Latest Risk to Global Economy

The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen — a spillover from the Israeli-Hamas war in Gaza — is injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions.The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.As if that weren’t enough, more volatility lies ahead…
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Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe

Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe

After a year of rumors, offers, final deadlines and final, final deadlines, the owners of Manchester United on Sunday announced that they had sold a minority stake in the team, English soccer’s most successful club, to the British petrochemical billionaire Jim Ratcliffe.The sale of the 25 percent stake in United, the former English and European champion, was confirmed by representatives of United and INEOS, Mr. Ratcliffe’s company. The deal concluded a chaotic process that many of the team’s fans had hoped would end with something far more significant: the departure from the club of the team’s current owners, the Florida-based…
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Bristol Myers to Acquire the Drugmaker Karuna for  Billion

Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion

Bristol Myers Squibb, the global pharmaceutical giant, said on Friday that it would acquire Karuna Therapeutics, which makes drugs to treat schizophrenia and Alzheimer’s, in an all-cash deal valued at $14 billion as it looks to strengthen its pipeline of neuroscience drugs.Bristol Myers said in a statement that it would pay $330 per share in cash, a premium of roughly 53 percent to Karuna’s share price on Thursday.An increasing prevalence of schizophrenia, driven in part by an aging population, has led to a push to make more drugs to treat it. The market for such therapies is estimated to grow…
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No Hit League? The ‘lost art’ of body checking in the NHL

No Hit League? The ‘lost art’ of body checking in the NHL

Seventeen years and more than 1,200 games ago, Andrew Cogliano remembers how difficult it was to traverse the state of California.The Los Angeles Kings, Anaheim Ducks and San Jose Sharks were three of the biggest, heaviest teams in the league. If you had to play all three in succession? Well, good luck. Not only were those teams willing to play a punishing brand of hockey, but they were all highly skilled and generally successful, too.After a few years in Edmonton where he broke into the league, Cogliano was dealt to the Ducks as a free agent in the summer of…
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Substack Says It Will Not Ban Nazis or Extremist Speech

Substack Says It Will Not Ban Nazis or Extremist Speech

Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform.“I just want to make it clear that we don’t like Nazis either — we wish no one held those views,” Hamish McKenzie, a co-founder of Substack, said in a statement. “But some people do hold those and other extreme views. Given that, we don’t think that censorship (including through demonetizing publications) makes the problem go away — in fact, it makes it worse.”The response came…
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Price Increases Cooled in November as Inflation Falls Toward Fed Target

Price Increases Cooled in November as Inflation Falls Toward Fed Target

A closely watched measure of inflation cooled notably in November, good news for the Federal Reserve as officials move toward the next phase in their fight against rapid price increases and a positive for the White House as voters see relief from rising costs.The Personal Consumption Expenditures inflation measure, which the Fed cites when it says it aims for 2 percent inflation on average over time, climbed 2.6 percent in the year through November. That was down from 2.9 percent the previous month, and was less than what economists had forecast. Compared with the previous month, prices overall even fell…
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It’s OK to Call It Soccer

It’s OK to Call It Soccer

George Best’s résumé, in the late 1960s, was pretty much flawless. He was a dazzling, edge-of-the-seat winger, certainly one of the finest players on the planet. For a time, he perhaps did not even require the caveat. He was an English and European champion. Along with Bobby Charlton and Denis Law, he was a sanctified member of Manchester United’s Holy Trinity.More than that, he was a true crossover star. He was a fashionista. He was a heartthrob. He dated models. He graced the hippest nightclubs. He owned a trendy boutique. He was a darling of the swinging ’60s, a genuine…
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How Tongue Tie and Lip Tie Surgery Became a Big Business

How Tongue Tie and Lip Tie Surgery Became a Big Business

Later in 2020, Ms. Lavelle also complained to the board, describing how she had been traumatized by her daughter’s tongue-tie release.The lactation board, which reports its disciplinary decisions, has not taken action against Ms. Henstrom. A spokeswoman for the board, Susan Brayshaw, declined to comment on the complaints, citing a policy of confidentiality. “Some complaints take significantly longer than others due to the nature of the allegations and related investigations,” she said.Since 2002, the board has revoked the certifications of only three lactation consultants.Ms. Lavelle also filed a complaint against Dr. Zink with the Idaho board of dentistry. The board…
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NFL Power Rankings Week 16: 49ers, Ravens on top, plus a surprise from every team

NFL Power Rankings Week 16: 49ers, Ravens on top, plus a surprise from every team

We’re coming down the stretch of the NFL season, and the playoff seedings and Power Rankings are starting to sort themselves out, but that doesn’t mean there haven’t been some surprises along the way. Today, we’re going to look at one surprising aspect of each team’s season.And then we’re going to start looking forward to a No. 1 vs. No. 2 matchup in Week 16 of the season.(Last week: 1)Sunday: Beat Arizona Cardinals 45-29Surprise: Brock PurdyWe’ve let all the talk about whether the second-year quarterback is a top-10 quarterback in the league or even possibly the MVP obscure what remains…
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New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and…
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