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November 17, 2021.
Nov. 17, 2021, 10:26 a.m. The time is later.
Nov. 17, 2021, 10:26 a.m. The time is later.
The image is.
There is a gasoline station in Lower Kingswood. Inflation reached a 10-year high in October due to higher prices at the pump.
In October, inflation in Britain rose to its highest level in a decade.
The Consumer Price Index rose to 4.2 percent from a year earlier, the highest since November 2011, the Office for National Statistics said on Wednesday. The price increases were more than twice the central bank's target of 2 percent, increasing the likelihood that policymakers will go ahead with the interest rate increases they have signaled are coming.
Wholesale natural gas has caused nearly two dozen energy suppliers in Britain to collapse and disrupted manufacturers, the biggest contributor to higher inflation. The cap on energy bills was raised by 12 percent in October.
The agency said that higher prices for gasoline and hotels and restaurants were contributors.
The Bank of England expects inflation to peak in the spring. Andrew Bailey, the central bank's governor, said this month that the period of higher inflation is likely to be temporary. He said there was no fixed unit of time that defined transitory.
If the economic data played out as policymakers anticipate, it would be necessary for the central bank to raise interest rates. In the three months through September, the unemployment rate was 4.3 percent, 0.2 of a percentage point lower than in the three months through July, and early payroll data indicated that only a small number of people lost their jobs in October.
Supply chains around the world have been disrupted due to labor market shortages and other shortages. Policymakers are now warning that the supply problems and higher prices will last longer than they thought, which will make it more difficult for central bankers to control inflation.
In the US, the Consumer Price Index jumped to 6.2 percent in October, the fastest annual increase since 1990 and prices rose 4.1 percent in the eurozone last month, the fastest in 13 years. In China, the prices wholesalers pay to producers climbed to the highest in 26 years.
The Los Angeles Clippers, Los Angeles Kings, National Hockey League, and the Los Angeles Sparks of the World's N.B.A. are all played at the Staples Center.
Two decades ago, during the dot-com boom, high-flying technology companies bought up naming rights to stadiums and arenas.
The home of the Los Angeles Lakers will be named after cryptocurrencies because of the shift in the business world.
The home of the Lakers and other professional sports teams is changing its name to a cryptocurrencies arena. The arena in Los Angeles said in a statement that the change would take effect on Christmas Day.
The statement did not say how much was paid for the deal. The company claims that Matt Damon is its pitchman, and that he is promoting the platform for exchanging virtual currency.
A.E.G., an entertainment company based in Los Angeles that operates the venue, struck a 20-year naming-rights agreement with crypt.com. Philip F. Anschutz is a billionaire investor.
The arena has been named after a company in Massachusetts. The home of the Lakers team dominated by Kobe Bryant and Shaquille O' Neal was the Staples Center. A memorial was held last year for Mr. Bryant and his daughter, who were killed in a helicopter crash.
The Los Angeles Clippers, the Los Angeles Kings, and the Los Angeles Sparks of the W.N.B.A. are all teams that play in the N.B.A.
The stadium will not be the first to be named after a brand. FTX, a Hong Kong-based exchange, signed a deal with the Miami Heat and the local authorities to change the arena where the NBA team plays. FTX Arena is the new name for American Airlines Arena.
In exchange for $210 million over 10 years, the Los Angeles based e-sports team agreed to change its name to TSM FTX.
Sponsorships don't always survive and prosper when a corporate name is used on a stadium.
The Houston Astros home venue was named after the energy company that made a big bet on broadband. The Astros were given the naming rights back by Enron after it collapsed.
The internet service provider named PSINet bought the rights to Ravens Stadium in Baltimore and renamed it. The name reverted to its original one after the bankrupt PSINet.
The banking, telecom and other booming sectors have dominated stadium names recently. New York's Shea Stadium was replaced by Citigroup Field in 2009. T-Mobile Arena opened in Las Vegas.
M&T Bank Stadium is the home of the Ravens. The Astros play at Minute Maid Park, which is named after a Coca-Cola brand.
Continue reading the main story.
President Biden's goals of reducing greenhouse gas emissions that drive climate change and keeping costs low for middle-class consumers have been pinned by the increase in gas prices.
The Federal Trade Commission was asked by President Biden to look into whether illegal conduct by large oil and gas companies is pushing up gasoline prices for American consumers.
The F.T.C., which has the power to break up large industry players, is unlikely to take immediate action, and it is not likely to affect gasoline prices very much.
The commission could open an investigation to gather data on how companies set gasoline prices in the future.
Mr. Biden wrote a letter to the antitrust champion he appointed as chair of the commission, claiming that there was evidence of anti-consumer behavior by oil and gas companies. The president said that the prices at the pump have gone up even as the costs of refined fuel have gone down. He wrote that the two largest players in the industry, ExxonMobil and Chevron, have doubled their net income in the last year.
The Federal Trade Commission was asked to investigate whether oil and gas companies were driving up gas prices.
Read the document.
The average price of gas in the United States was nearly $3.40 on Monday, the highest price in seven years.
White House officials estimate that if the gap between refined fuel costs and gasoline prices at the pump were to return to normal levels, drivers would be paying as much as 25 cents less per gallon.
The commission was asked to monitor the gasoline market by Mr. Biden. The commission increased scrutiny of mergers in the oil and gas industry.
The impact of soaring gas prices has hurt Americans' views of the economy and helped fuel inflation, which has jeopardized part of Mr. Biden's economic agenda in Congress.
Mr. Biden's goals of reducing greenhouse gas emissions that drive climate change and keeping costs low for middle-class consumers have been pinned by the increase. Mr. Biden refused to include an increase in the federal gasoline tax as an offset for the spending in his infrastructure negotiations with Republicans.
Mr. Biden will be in Detroit on Wednesday to visit a GM plant that makes electric vehicles, which the president hopes will accelerate the transition to lower-emission cars and trucks.
The woman, named Elizabeth, has pleaded not guilty to multiple counts of wire fraud and conspiracy to commit wire fraud.
In the first 11 weeks of the trial, jurors have only heard from about 25 witnesses due to delays, including a broken water main and a coronaviruses scare.
The trial has continued despite the disruptions. The jury is being asked to decide if Ms. Holmes misled investors by appealing to their egos and withholding crucial information or if they simply failed to do their due diligence.
Ms.Holmes has pleaded not guilty to the charges. The prosecutors are likely to rest their case this week.
Here are some highlights from the case so far.
A whistle-blower testified that she joined Theranos because she was attracted to Ms.Holmes. Ms. Cheung said that Ms. Holmes had a strong sense of conviction about her mission.
Ms. Cheung resigned because of her concerns about Theranos. She said she was uncomfortable processing patient samples. I didn't think the technology we were using was enough to engage in that behavior.
The retired four-star Marine Corps general and former defense secretary, James Mattis, said he was excited by the prospect of the military using Theranos's blood analyzers. He joined the company's board but became dissatisfied after he testified that Ms. Holmes had not been forthcoming with the directors about the problems.
If we only saw the issues in the mirror, we wouldn't be able to help her.
Dr. Adam Rosendorff, a former lab director at Theranos, was a key witness for the prosecution. He said that Ms. Holmes pressed ahead with the commercial launch despite his concerns.
He testified that he became more uneasy with the failure rate of Theranos's blood-testing machines and the volume of physician complaints about inaccurate test results. He said that the company was more about fund-raising than patient care.
Continue reading the main story.
Mike Kai Chen for The New York Times reported on the trial of Elizabeth Holmes.
Two of our tech reporters are covering the trial of Elizabeth Holmes, who dropped out of a prestigious university to start a blood testing company at age 19 and built it to a $9 billion valuation.
She is being tried on 12 counts of wire fraud and conspiracy to commit wire fraud. The trial can be held on Tuesdays, Wednesdays and Fridays.
After the jury is dismissed for the day, we have our usual lawyer chat. Downey wants to talk about an issue in camera and the judge is joking about how long Wade is taking. Tomorrow!
Wade continues to press this point, which is a question I have as well, which is why he still invested despite all the diligence done by Grossman.
Wade hits Grossman over the fact that he invested in Theranos even after he refused to talk to Walgreens or United. The firm was forced to rely on information from Theranos.
We now see an email from PFM that summarizes the discussion during the Walgreens earnings call. PFM took other information into account when making their investment decision.
We got a glimpse of an email from the man behind Theranos. That is an endorsement.
