Indholdsfortegnelse for August 05, 2022 i Newsweek

1997 “When Gateses make billions, plenty of people make millions,” Newsweek said of the technology company stock options creating a new economic class. “They’re people whose wealth is the product of the New Economy of ideas.” Despite predictions of broad democratization, the top 1 percent of the population controlled one-third of the country’s wealth. As sites like Robinhood and E*Trade have emerged, a recent Gallup poll shows 58 percent of Americans report owning stock; however, the wealth gap continues to grow and individual investors are reeling from recent stock market volatility. 1975 “The conviction was growing—even among crisis-hardened New Yorkers—that the city’s plight might be more serious than anyone had allowed himself to think” Newsweek wrote of the city on the brink of bankruptcy. New York City is now rebounding…

THE SIGNS OF FINANCIAL GLOOM ARE SEEM-ingly everywhere. Inflation is now at its highest point in more than 40 years. Stocks officially fell into a bear market in June, dropping more than 20 percent from their peak in January. Bonds and cryptocurrency are bleeding red ink too, with Bitcoin losing over half of its value so far this year. And, as if all that weren’t bad enough, economists are now warning in increasingly heated language about the rising risk of recession—a three-syllable term with four-letter-word implications. By one common but unofficial definition of recession—two consecutive quarters of economic contraction—the downturn could materialize within weeks, when estimates of GDP for the second quarter will be released. They’re expected to show the economy shrank by about 2 percent on an annualized basis…

FEATURED EPISODE The Royal Report Palace news—from Meghan Markle to the Queen THE PALACE’S ‘DAILY FAIL’ ▸ Why would Prince Charles and Camilla hire a PR chief from the newspaper that Harry and Meghan sued three times for defamation? Commentator on race and the royals Dr. Shola Mos-Shogbamimu weighs in. Plus: Prince Charles is no longer accepting donations in the form of suitcases of cash. HOSTS ▸ Jack Royston, Newsweek royal correspondent and Kristen Meinzer, host of Movie Therapy With Rafer & Kristen and By the Book IN THEIR WORDS ▸ “How can we not hold them accountable for their actions—whether in the public view or behind the scenes?” DON’T MISS FAST WOMEN Test-driving the newest cars on wild adventures Snorkel Included ▸ The Ford Bronco Everglades is optimized for…

BY THE TIME A YOUNG MOTHER-TO-BE GOT TO Dr. Tony Ogburn one night in July, the prognosis for the baby was grim. The pregnant woman had come in through the obstetric emergency room at DHR Health, a busy medical center in Edinburg, Texas, complaining of severe cramping and bleeding. Clinicians quickly determined she was in labor. The 4-month-old fetus was not nearly developed enough to survive outside the womb, but it had already come partway through the cervix into the birth canal. If the mother didn’t complete this miscarriage soon, he and his team concluded, she would suffer a major hemorrhage, placing her life in jeopardy. In his 30 years as a practicing OB-GYN, Dr. Ogburn, an affable 63-year-old with thick white hair, wouldn’t have thought twice about operating immediately.…

NEWSWEEK AND GLOBAL DATA AND RESEARCH FIRM Statista are proud to introduce America’s Best Petcare Brands 2022, our second annual ranking of the leading products, services and retailers for pets. We surveyed over 20,000 pet owners and asked them about the quality and value of products and services in 68 categories ranging from food and treats to grooming they had purchased or researched themselves and whether they would recommend those brands to friends and family. We then made 308 awards to 203 brands (a brand could be awarded in more than one category). Americans spend a lot of money every year on companions with fur, feathers or scales. According to the American Pet Products Association, Americans spent a total of $123.6 billion on their pets in 2021, a new record,…

Antics (2004, MATADOR) How does a band follow up a hugely successful debut? “I didn’t want us to overthink making the second record with that whole stereotypical sophomore slump kind of thing,” recalls Kessler. “I was definitely trying to encourage the guys, ‘Let’s write in between individual tours.’... The idea was just to write the second record ahead of having any perceptions about any attention on it.” Our Love to Admire (2007, CAPITOL) Interpol’s third album was the band’s first and only record for a major label. On the road this year, the band is performing “Pioneer to the Falls” from the album. Fogarino says, “It’s a little quintessential in that first mode of Interpol, with a heavy lyrical content and very weighty emotionally, with little rays of hope coming…

JOHN HUGHES CREATED THE MOLD FOR TEEN COMEDIES, BUT MANY OF those films were lacking something: diversity. That’s where Billy Porter’s Anything’s Possible (July 22) comes in. “There wasn’t anybody that looked like me in those [Hughes] movies, so I had to superimpose myself onto an archetype that was white.” Porter’s directorial debut tells the story of Kelsa (played by Eva Reign), a teenager who is also trans as she navigates life and love in her senior year. “She is not Molly Ringwald, right? She’s not the typical ingenue in the way that we’re used to receiving it.” Porter says Eva was perfect for the film because of the maturity she brought to the role. “She’s a transgender Black girl who came out before she was 17. That means she…