September has a deserved reputation for being a troublesome month in financial markets. It was, for example, the month in which Black Wednesday saw sterling ejected ignominiously from the Exchange Rate Mechanism in 1992 and the month in which Northern Rock collapsed in 2007. By then, the global financial crisis was well under way, an
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The Glazer family, owners of the Tampa Bay Buccaneers, said Thursday that it will be donating $1 million the disaster relief efforts in Florida following Hurricane Ian. “The destruction suffered in Southwest Florida and the damage inflicted throughout our state will be felt for some time,” Buccaneers co-owner Darcie Glazer Kassewitz said. “It will take
Liz Truss and Kwasi Kwarteng will meet the head of the UK’s independent fiscal watchdog today. The talks with the Office of Budget Responsibility come after a week of economic turmoil following last Friday’s mini-budget. It is highly unusual for a PM to attend an OBR meeting – but the Treasury has denied that this
Animation workers at Stephen Colbert Presents Tooning Out the News have voted overwhelmingly to join The Animation Guild, IATSE Local 839. The animated comedy news program, which debuted in 2020, moves to Comedy Central next month. Its third season premieres October 5. “The organizing work done by the Tooning Out the News crew is a
On Tuesday, September 13, a 22-year-old Kurdish woman, Mahsa Amini, came out of a subway station in central Tehran, walked through a park, and in that park was arrested by Iran’s Moral Security Police. The morality policemen bundled her into their standard white and green Morality Patrol van. And, according to Amini’s family, they beat
The Bank of England’s chief economist has contradicted the government by saying there is an “undoubtedly a UK-specific component” to the market reaction of the past six days. Huw Pill has counteracted the government’s claim that the market turmoil which followed the mini-budget announcement is down to broader market factors experienced by other economies, such
A group of authors and other creative professionals are lending their names to an open letter protesting publishers’ lawsuit against the Internet Archive Library, characterizing it as one of a number of efforts to curb libraries’ lending of ebooks. Authors including Neil Gaiman, Naomi Klein, Cory Doctorow and Daniel Handler, aka Lemony Snicket, lent their
The government has ruled out a U-turn on the costly tax-cutting mini-budget and the chancellor will not resign despite mounting pressure. It comes after a day in which the Bank of England was forced to launch a temporary bond-buying programme as it took emergency action to prevent “material risk” to UK financial stability. Bank’s ‘nearly
Marking another major merger in the representation world, sources tell Deadline that Anonymous Content is in exclusive negotiations to acquire management And production firm Grandview/Automatik. The two companies have had discussions about a potential merger going all the way back to the spring with nothing serious ever coming of it but over the past couple
The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent “material risk” to UK financial stability. It revealed that it would buy as many long-dated government bonds as needed between now and 14 October in a bid to stabilise financial markets in the wake of the mayhem that
An interview with Elizabeth Banks in the New York Times tied to the release of her new film Call Jane turned for a time into an exploration of an older film Banks directed, Charlie’s Angels. Banks called it “a long conversation that I don’t know that I want to get into.” Pressed by interviewer David
Shoppers are paying a record 10.6% more for food than they were a year ago, figures show. Overall shop price inflation accelerated to 5.7% in September, up from 5.1% in August, in another record since the British Retail Consortium-Nielson IQ index began in 2005. Food price inflation rocketed past last month’s 9.3% to 10.6%, driven
Australia’s Foxtel Group, which is majority-owned by News Corp., has set an expanded rights deal for the WWE in Australia, including a streaming shift reminiscent of the wrestling outfit’s U.S. alliance with Peacock. The WWE Network, formerly a stand-alone streaming service, will be subsumed into Binge, a Foxtel outlet. The companies did not disclose any
Bank of England’s plain speaking will likely calm some of the volatility of the British economy Ian King Business presenter @iankingsky Central bankers are often accused of speaking in code or of making Delphic pronouncements. But the words today from Huw Pill, the Bank’s chief economist, could not be more clear. Mr Pill, who voted
Blackpink has made history following the launch of their second album Born Pink. The South Korean girl group made up of four members, Jisoo, Jennie, Rosé and Lisa, topped the album charts with their latest release. Born Pink made its debut at the top of the Billboard 200 Albums Chart with their sophomore album moving
The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in 1971, matters because of what it says about global market confidence in the UK economy. The plunge in sterling’s value, against a backdrop of a strong dollar globally, gathered speed on Friday following the publication
UPDATED: Alec Baldwin’s Attorney Luke Nikas of Quinn Emanuel has responded to the recent news from Santa Fe District Attorney Mary Carmack-Altwies, who in a Aug. 30 letter, requested the New Mexico Board of Finance for $635K to prosecute as many as four individuals with criminal and homicide charges. The DA said in her letter
The Bank of England says it “will not hesitate to change interest rates as necessary” after markets reacted badly to the chancellor’s tax-cutting mini-budget. In a statement, the Bank said it was “monitoring developments in financial markets very closely in light of the significant repricing of financial assets”. It came after the pound fell to
Brett Favre is facing fraud allegations and SiriusXM has taken the step of placing his show on hold. The former football player has been hosting the show The SiriusXM Blitz With Brett Favre and Bruce Murray since 2018 and last aired on September 13. The Mississippi Department of Human Services sued the retired NFL quarterback
The pound has fallen to a record low against the dollar. Sterling slipped by nearly 5% to $1.0327, falling below 1985 lows. It stumbled back to $1.05 but is still down some 7% in just two sessions. The fall came after Chancellor Kwasi Kwarteng unveiled the biggest programme of tax cuts for 50 years on