ReportWire

Tag: Consumer Products

  • Why foldable phones are so incredibly expensive | CNN Business

    Why foldable phones are so incredibly expensive | CNN Business

    [ad_1]



    CNN
     — 

    Chris Pantons is what you’d call a Google Pixel super fan. The Knoxville, Tennessee native loves the software, the camera, the virtual assistant, all of it. He even credits the phone’s car crash detection tool with saving his life a few years ago when he was in an accident.

    “I’ve owned practically every Pixel device,” said Pantons, 33, who has posted hundreds of YouTube videos about Pixel phones and other tech products. “I’ve influenced so much of my family to switch to Pixel – my brother and sister-in-law, mom and wife … and I had a coworker switch, too.”

    But this is the first year he won’t be upgrading to Pixel’s latest offering: the Pixel Fold, a foldable smartphone that starts at $1,799. “I’d love to own it,” he told CNN. “I don’t have the finances to do so. … [That] price for a first generation device is astronomical.”

    Earlier this month, Google became the latest tech company to unveil a foldable smartphone, with the promise of giving customers all the features they’ve come to expect in a phone, paired with a tablet-sized display. But Pantons wasn’t the only one who felt sticker shock.

    “My first car was $1800,” one user wrote on Twitter. “Google [lost] their minds.” Another user said they’ve been saving up, knowing the price for a Pixel foldable phone would inevitably be high once announced.

    “The fact you can buy a new Pixel, Pixel tablet and a Pixel Watch for less than the Fold and have various devices for use cases is a better value,” said Pantons.

    The pricing problem isn’t unique to Google. When Samsung launched the Galaxy Z Fold in 2020, it cost $1,999. It has come down in price somewhat, but the latest version of the Z Fold still starts at $1,799 – the same as the Pixel Fold. Even foldable models from budget brands retail for well over $1,000 in markets abroad.

    By comparison, the flagship iPhone starts at $799, less than half the price of the Pixel Fold. And classic 90s-style pre-paid flip phones, which are suddenly trendy again, can cost as little as $20.

    The higher price point is one of the factors limiting the size of the foldable market. Samsung currently dominates the category, followed by others including Motorola, Lenovo, Oppo, and Huawei. According to ABI Research, foldable and flexible displays made up about 0.7% of the smartphone market in 2021, and in 2022 expected to fall just shy of 2%.

    Lowering the price could help boost traction, but manufacturers may struggle to do that anytime soon.

    The flexible screen found on foldable phones is one of the biggest reasons why they cost so much.

    Flexible displays require more engineering and are more expensive to manufacture than traditional displays. And the Google Pixel Fold has two: a 5.8-inch cover display and a 7.6-inch inner display.

    Other components unique to foldables also drive up the cost. The Pixel Fold, for example, moves on a custom-built 180-degree hinge. The mechanism is moved out entirely from under the display to improve its dust resistance and decrease the device’s overall thickness, according to the company. This also requires complex engineering and costly manufacturing.

    “Expense is mainly to do with the high costs of components, notably the folding displays and hinge technology, which in many cases is a proprietary hinge design,” said David McQueen, research director at ABI Research. “So until volume grows enough that vendors can get scale, prices won’t be falling any time soon.”

    Foldable smartphones are still in their infancy. As a result, much of the research and development, and the costs associated with it, still lie ahead for manufacturers as they fine tune their products.

    “Companies often try to recoup their investment with a high price tag,” said Nabila Popal, research director at market research firm IDC.

    Foldable phones also remain a niche product for now, and manufacturers are targeting the price for the people willing to buy them early to help offset costs.

    The future for foldables remains uncertain. Most apps are still not optimized for foldable devices; Google’s chief rival, Apple, has yet to embrace the option; and splurging for a first-generation device with a lot of unknowns is a risky bet for anyone.

    Foldable phones are also notoriously fragile. Early versions of the Samsung Galaxy Z Fold, for example, had issues with the screen. Repairs for foldable smartphones can be costly too.

    But Google’s decision to embrace the option may help persuade more consumers to take a chance.

    Sean Milfort, a PhD student at Northcentral University, said he pre-ordered the Pixel Fold because he always wanted a foldable smartphone and didn’t want to leave the Pixel brand.

    “I’m a big fan of the Pixel line and have loved the idea of a foldable,” he said. “The fact that it is coming from Google – because they make Android – gives me hope that they will be really investing in that larger form factor device with Android.”

    But holdouts like Pantons may wait on the chance it could come down in price.

    “If a trade-in deal later on becomes available or it goes on sale then maybe then [I’ll buy one],” he said.

    [ad_2]

    Source link

  • U.S. stocks end lower, but Nasdaq posts longest weekly win streak since February

    U.S. stocks end lower, but Nasdaq posts longest weekly win streak since February

    [ad_1]

    U.S. stocks closed lower on Friday as investors focused on debt-ceiling talks in Washington D.C., which Republican Rep. Garret Graves of Louisiana, a deputy for House Speaker Kevin McCarthy, said were on pause. The Dow Jones Industrial Average
    DJIA,
    -0.33%

    ended about 109 points lower Friday, or 0.3%, near 33,426, but booked a 0.4% weekly gain. So did the other major U.S. indexes. The S&P 500 index
    SPX,
    -0.14%

    closed 0.2% lower, while booking a 1.6% weekly gain. The Nasdaq Composite Index
    COMP,
    -0.24%

    shed 0.2% Friday, but gained 3% for the week to advance for a fourth week in a row, its longest weekly stretch of wins since February 3, according to Dow Jones Market Data. Focus on Friday also was on regional banks after CNN reported that Treasury Secretary Janet Yellen said more mergers in the sector might be needed.

    [ad_2]

    Source link

  • Joel Dahmen gives golf fan $100 to buy beers after hitting him with errant ball at PGA Championship | CNN

    Joel Dahmen gives golf fan $100 to buy beers after hitting him with errant ball at PGA Championship | CNN

    [ad_1]



    CNN
     — 

    One golf fan has found an unusual way to bypass having to pay for beers at the PGA Championship this week – take a Joel Dahmen tee shot to the leg.

    Dahmen was at the first tee of his final practice round Wednesday when his wayward drive struck spectator Caleb McGuire, the spectator said in a tweet.

    Pictures showed a sizeable bruise on the fan’s calf, but his pain was eased when the American golfer subsequently asked about the cost of a beer at the major, hosted at Oak Hill Country Club in Rochester, New York.

    When told each beer cost $17, Dahmen handed over $100 for some refreshments, McGuire said, with the tweet showing the duo posing for pictures with the bill.

    Dahmen’s act of generosity comes a year after two-time PGA Championship winner Justin Thomas expressed his disbelief at the reported $18 cost of beer at the 2022 edition of the major in Tulsa.

    “Sorry about that! Hope you enjoyed the beers,” Dahmen tweeted in response.

    “It was a pleasure just to meet you!” McGuire replied. “We couldn’t stop talking about it for the rest of the day. Go ahead and win this week!”

    Reporter asks Justin Thomas about high concession stand prices

    Dahmen shot to fame following his starring role as the self-proclaimed, self-depreciating, “goofball” of the PGA Tour in “Full Swing”, Netflix’s fly-on-the-wall docuseries released earlier this year.

    In an episode titled “Imposter Syndrome,” the show offered a candid insight into the 35-year-old’s wrestles with self-belief.

    “I’m a middle of the road PGA Tour player,” Dahmen explained.

    Dahmen (L) won hearts after his appearance in Netflix's

    “The top players … they’re just built differently. They’re mentally just different. They hit it further and they chip and putt better. I’m not a threat when I walk into these things, really.

    “I am not going to be a hall of famer. When I retire from golf, no one’s going to remember who I am. I understand that, I’m fine with it. I’m not playing for legacy. Some people are like, ‘That’s why you’ll never be great Joel, coz you don’t believe it.’”

    However, the episode ended on a high note with Dahmen finishing inside the top 10 at the US Open in June last year, a career-best major performance.

    The world No. 108 enjoyed a strong end to 2022 but has endured a tough start to the current season, missing the cut in four of his last seven PGA Tour appearances.

    [ad_2]

    Source link

  • Where to travel in 2023: The best destinations to visit | CNN

    Where to travel in 2023: The best destinations to visit | CNN

    [ad_1]



    CNN
     — 

    As peak vacation season sails into view and the world shakes off the last shackles of the pandemic, it feels like the appetite for hitting the road has never been greater.

    International tourism reached 80% of pre-pandemic levels in the first quarter of 2023, according to the United Nations World Tourism Organization, with an estimated 235 million tourists traveling internationally in January, February and March. And experts are cautiously optimistic about a continued travel rebound.

    Demand is high, with many popular destinations booking out earlier in the year.

    Thankfully, there’s so much out there still to see and do.

    Travel expert explains why you should book your dream vacation now

    Here are 23 destination ideas from CNN Travel to get you started:

    From the main square in Krakow, pictured, to forests, lakes and mountains, Poland invites exploration.

    We could list new openings in Poland – such as Hotel Verte, the new Autograph Collection property in Warsaw, which threw open its gilded doors (it’s in a humongous Baroque palace) last August. But the reason you should visit Poland in 2023 isn’t for the chance to stay in a place fit for royalty. It’s to show solidarity with a country which has, in turn, shown solidarity to the people of Ukraine.

    Sharing a 300-plus-mile border with a country under attack has meant that Poland has taken in more Ukrainian refugees than anywhere else. Add to that plummeting tourist numbers (though they’re on the rise again), and you have a tricky situation.

    So whether you fancy that Warsaw palace, a city break to the likes of Krakow, Gdansk, Wrocław or Poznań – all hundreds of miles from the Ukrainian border – or to get away from it all in the forests, lakes and mountains of the countryside – now’s your chance to do some good by taking a vacation. – Julia Buckley

    A full solar eclipse will be visible in April in Exmouth, Western Australia. The landscape is worth a long look, too.

    Back in April, thousands of people descended on the town of Exmouth and the greater Ningaloo Peninsula, to witness a rare total solar eclipse as it became visible over the northwestern edge of Australia.

    Organizers spent more than a year planning for the event, which lasted about a minute, and featured musical performances, educational opportunities to learn about science and astronomy, and a three-day festival.

    But the state of Western Australia offers much more than some 60 seconds of wonder.

    Spanning one-third of the entire continent of Australia, it stretches from the lively, growing state capital of Perth across deserts including the Great Victoria and Great Sandy to the wine country of Margaret River, the dramatic clifftops of the Kimberley and the quokka-covered Rottnest Island. – Lilit Marcus

    Mersey paradise: Liverpool.

    England’s port city of Liverpool, best known around the world as the birthplace of The Beatles, has added another chapter to its musical legacy.

    It’s the host city of Eurovision 2023, the spangly extravaganza of song that brings an influx of thousands of flag-waving fans from across the continent. The annual event is an opportunity for the city to bounce back after the ignominy of being stripped of its UNESCO World Heritage status in 2021.

    In June, the city will celebrate 25 years of the Liverpool Biennial contemporary visual arts festival, as more than 30 international artists and collectives take over spaces in the city until September.

    England is also marking the Year of the Coast in 2023, with food festivals and beach cleans taking place along the country’s shores. Just a half hour from Liverpool city center by train, Crosby Beach is the permanent home of sculptor Antony Gormley’s “Another Place,” where 100 cast-iron figures stand facing out to sea. – Maureen O’Hare

    Charleston, a city of undeniable refined, historic beauty, is also looking more closely at its troubled past.

    Charleston parades its past like no other US city, but it often glossed over the history of its Black residents. It’s been taking steps to fix that.

    Enter the much-delayed International African American Museum, which is now expected to open in late June.

    Located on the shoreline of the Cooper River in the spot where many Africans first set foot in North America, it will explore the lives of slaves and their descendants.

    Visitors in late May and early June can enjoy the world-renowned Spoleto Festival featuring opera, theater, dance, musical acts and artist talks.

    In March, foodies headed to the Charleston Wine and Food Festival to sample Lowcountry favorites.

    For fancy Southern fare, try Magnolias. Opened in 1990, it helped spur the city’s culinary renaissance. For something informal, try Bertha’s Kitchen in North Charleston, where red rice with sausage, fried chicken and lima beans rule. The eatery even caught attention of “Roadfood” author Michael Stern. – Forrest Brown

    Self-effacing Vilnius admitted in an ad campaign this year that nobody really knows where it is. If their brilliant video didn’t make you want to book a trip there immediately, perhaps this will: the capital of Lithuania celebrated its 700th anniversary on January 25, 2023.

    To mark the milestone, a packed program of events, including music festivals and exhibitions, are being held throughout the year. But use the anniversary as a push to visit rather than following a program religiously.

    The entire city center is a UNESCO World Heritage Site – putting it up there with its fellow V-cities, Venice and Vienna. Vilnius makes it on the list thanks to its Gothic, Renaissance and Baroque buildings, all sitting on a medieval street plan, but it’s best known for its Baroque architecture.

    Don’t miss the frothy bell tower of St. John’s church (you can climb it for sweeping city views) or the church of St. Casimir, topped by a giant crown. Got an eye for social media? This is Europe’s only capital city that allows hot air balloons to cruise over the city skyline. – JB

    Scenes like this await visitors to Fiji.

    Brilliant blue waters, expansive coral reefs and hundreds of peaceful islands: Fiji is not a hard sell. But why go there in 2023? For one, the country only reopened post-Covid at the end of 2021, meaning that visitor numbers to the South Pacific paradise have yet to fully rebound.

    While the country is spoiled for underwater beauty, take an opportunity to explore its above-ground treasures, too. The country’s lone UNESCO World Heritage site is the town of Levuka, a former capital and an important port, which is studded with British colonial-era buildings amid coconut and mango trees.

    To learn about the local Indigenous communities, travelers can take part in a kava welcoming ceremony – named for the traditional drink at its center – or enjoy a lovo, a meal cooked by hot coals in an underground pit covered with banana leaves.

    Fiji Airways now has direct flights from Los Angeles and San Francisco, making it relatively easy to get to the islands. As the Fijians say, bula! – LM

    As the fate of the Amazon rainforest hangs in the balance, two eco-lodges around Manaus – the capital of Brazil’s Amazonas state, and gateway to the river – have used their pandemic pause to get even more environmentally friendly.

    Juma Amazon Lodge, about 50 miles south of the city, is now fully powered by a new $400,000 solar plant, whose 268 double panels swagger nearly 40 feet into the air above the canopy (meaning no trees had to be cut). They’ve also built a biogas system to increase the efficiency of organic waste treatment, reducing annual carbon emissions by eight tons.

    Meanwhile, Anavilhanas Jungle Lodge, northwest of Manaus on the Rio Negro river, opened an off-grid “advanced base” during the pandemic that’s 30 miles from the main lodge and accessible only via river.

    Guests can take long jungle hikes through territory home to jaguars, pumas and giant armadillos in what’s one of the Amazon region’s most remote hotel facilities, then spend the afternoon in a hammock or by the pool. For 2023, the lodge is planning overnight stays in a creekside tent for small groups.

    Don’t miss Manaus itself – eating behemoth Amazonian fish outside the pink 1896 opera house is a bucket list experience. – JB

    Enticing flavors, history and proximity to beaches and mountains are just a few factors working in this Greek city's favor.

    There’s been no shortage of reasons to visit Greece’s second city in recent times, with a UNESCO-endorsed local food scene that recently celebrated the refurb and reopening of its century-old Modiano food market.

    Throw in a popular waterfront and proximity to beautiful beaches and inland mountains, Thessaloniki is surely a contender for one of Europe’s best city-break destinations.

    What could make it even better? How about a gleaming new metro system? All being well, November 2023 should see the opening of the main line of an infrastructure megaproject that will eventually connect the city’s downtown to its international airport. Driverless trains will whisk passengers through tunnels whose excavation has added to Thessaloniki’s already rich catalog of archeological discoveries, many of which will be on display in specially created museum stations. – Barry Neild

    January 2023 saw the official opening of Rwanda’s most exciting hotel yet: Sextantio Rwanda, a collection of traditionally crafted huts on an island on Lake Kivu, one of Africa’s largest lakes.

    It’s the first project outside Italy for Daniele Kihlgren, whose part-hotel, part-living history projects keep local tradition alive. A nonprofit delivering money straight to local communities, Sextantio sees guests fishing on the 1,000-square-mile lake, paddling in dug-out canoes, trying local banana beer and wildlife-spotting – and not just the chickens, cows, pigs and goats that roam around the property.

    Of course, you’ll want to see gorillas. Adjoining Volcanoes National Park, the Dian Fossey Gorilla Fund opened the 4,500-square meter Ellen DeGeneres Campus in 2022. Its visitor center includes exhibits, virtual reality gorilla “encounters” and nature trails.

    Over in Akagera National Park, white rhinos – transferred from South Africa in 2021 to aid conservation – are already calving. It’s easier to get there, too. A new route from London joins Brussels, Dubai, Guangzhou and Mumbai as the only direct flights to Kigali from outside the African continent. – JB

    Voted the world’s most sustainable destination in the world for six years running, Sweden’s second-biggest city is finally emerging from the shadow of Stockholm.

    Once a major trading and shipping town, Gothenburg is now considered to be one of the greenest destinations in Europe, with 274 square meters (2,950 square feet) of green space per citizen, while 95% of its hotels are certified as eco-friendly.

    Although Gothenburg officially turned 400 in 2021, the celebrations were put on ice because of the global pandemic. But they’re finally taking place in 2023, so it’s a great time to visit.

    Sweden’s King Carl XVI Gustav, who celebrates 50 years on the throne this year, will be in town on June 4, Gothenburg’s official birthday, and the city’s major anniversary festival is being held in the Frihamnen port district from June 2 to 5, with concerts and art events among the activities on offer.

    The festivities will continue throughout the summer until the September 3 kick off of Göteborgsvarvet Marathon, a new 26-mile race following on from the city’s popular half marathon on May 13. – Tamara Hardingham-Gill

    The Dhayah Fort in Ras al-Khaimah is one of the few remaining hill forts in the United Arab Emirates.

    When travelers think of the United Arab Emirates, the dazzling skyline of Dubai is usually what springs to mind.

    But the UAE has a lot to offer nature lovers too – particularly the northernmost emirate Ras al-Khaimah, which is aiming to become the Middle East’s most sustainable destination by 2025 thanks to a new “Balanced Tourism” strategy.

    Just 45 minutes from Dubai, it’s often called the “adventure Emirate,” and for good reason. Offering beaches, deserts and mountains, outdoor attractions abound, such as sand boarding, trekking, wakeboarding, skydiving, scuba diving and even the world’s longest zipline.

    But it’s not all about the adrenaline rush. Ras Al Khaimah is where you’ll find the highest restaurant in the United Arab Emirates, 1484 by Puro, which sits in the emirate’s Jebel Jais Mountains. Culture seekers can head for the historic Dhayah Fort, which dates back to the Late Bronze Age (1600-1300 BC).

    Where to stay? Luxury hospitality brand Anantara is opening a fabulous new resort there later this year that will offer 174 guestrooms, suites and overwater villas along with specialty restaurants and a spa. – Karla Cripps

    Three-tiered Kuang Si Falls is just south of UNESCO-listed Luang Prabang.

    Sharing borders with Thailand, Cambodia, Vietnam, China and Myanmar, landlocked Laos has long been a must-hit spot for time-rich travelers making their way through the Southeast Asia circuit.

    But now, thanks to the 2021 opening of a semi-high-speed railway, it’s easier than ever to get around the country at a quicker pace, shaving hours off journeys that previously took full days to travel.

    You’re still going to have to make some hard choices – there’s a lot to see in Laos.

    Towering karst peaks await visitors to adventure-haven Vang Vieng, while UNESCO-listed Luang Prabang is filled with French-colonial heritage, Buddhist ritual and natural beauty. (Luxury seekers will want to check into the Rosewood Luang Prabang, with its stylish hilltop tents)

    The mysterious Plain of Jars, a megalithic archaeological site, can be found in the Xiangkhoang Plateau. For a once-in-a-lifetime experience that makes a difference, head for Bokeo Province and join one of the Gibbon Experience’s overnight treks. Guests of this tourism-based conservation project spend the night in the world’s tallest treehouses – only accessible by zipline – among wild, black-crested gibbons. – KC

    Rolling hills, medieval buildings – and the officially crowned world’s best cheese. Welcome to Gruyères, Switzerland.

    Everywhere you look in this tiny, hilltop town, there’s a different picture-perfect view – from the medieval market square to the turreted 13th-century castle. A doable day trip from Geneva, summer promises hiking opportunities aplenty, while winter allows for venturing to the nearby Moléson-sur-Gruyères ski resort.

    To taste Gruyères’ namesake fromage, stop off at the wood-lined Chalet de Gruyères. And to learn how cheesemakers perfect this creamy goodness, head to La Maison du Gruyère factory. For further foodie delights, there’s the Maison Cailler chocolate factory – from the outside it looks like something from a Wes Anderson movie, inside it offers a glimpse into the secrets of Swiss chocolate making.

    Gruyères is also home to the surreal HR Giger Museum, celebrating the work of the acclaimed Swiss artist behind the eponymous alien in the 1979 movie “Alien.” A drink at the museum’s bar, designed by Giger in an eerie skeletal aesthetic, offers an antidote to Gruyères’ fairytale vibe. – Francesca Street

    A modern Indigenous restaurant in Minneapolis has earned one of the culinary world’s highest honors, and it’s not alone in shining light on Native communities in the area.

    At Owamni, a James Beard Award winner for best new restaurant, Indigenous ingredients – trout, bison, sweet potatoes and more – make up “decolonized” menus where ingredients such as wheat flour and beef are absent. The restaurant is a partnership between chef Sean Sherman, Oglala Lakota and Dana Thompson, who is a lineal descendant of the Wahpeton-Sisseton and Mdewakanton Dakota tribes.

    Earlier this year, one of the pair’s community-owned initiatives, Indigenous Food Lab, opened a market in Minneapolis’ Midtown Global Market, a former Sears building housing businesses that represent more than 22 cultures.

    The open-air Four Sisters Farmers Market (Thursdays June through October) also focuses on Indigenous products. And at the Minnesota History Center in neighboring St. Paul, the exhibit “Our Home: Native Minnesota” looks at thousands of years of Native history in the state. – Marnie Hunter

    While Colomia's busy capital can be congested, it's also home to the historic neighborhood of La Candelaria.

    Caribbean coast destinations such as the Rosario archipelago or the UNESCO heritage list city of Cartagena are rightly top of most Colombia travel wish lists, but also deserving a look-in is the country’s somewhat unsung capital of Bogotá.

    Yes, it’s a messy, traffic-snarled urban sprawl, but it’s also a high-altitude crucible of culture and cuisine. There are tours that chart the city’s transformation from graffiti wild west to incredible street art gallery.

    Equally colorful are the restaurants that make the most of Colombia’s diverse natural larder of flora on menus that range from delicious peasant dishes to mind-blowing Michelin-level gastronomy. And then there’s the coffee!

    The congestion (except on regular cycle-only days) thins quickly on its outskirts, allowing day trips to see historic and modern treasures. Itineraries include Lake Guatavita, where conquistadors once plundered sunken gold offerings left by indigenous Muisca people, or the majestic subterranean Zipaquirá salt cathedral. – BN

    Famed for its mountain treks through ancient trails that once facilitated trade between the Himalayas and India, Nepal’s stunning Mustang Valley sits on the doorstep of Tibet.

    Expect to hear a lot more about this remote destination in the coming months thanks to the arrival of the soon-to-open Shinta Mani Mustang. Part of the Bensley Collection, this all-inclusive resort perched above the small town of Jomsom in the Lower Mustang will offer luxury seekers 29 suites inspired by traditional Tibetan homes.

    In addition to trekking, Mustang visitors can explore ancient villages and Buddhist monasteries. Also not to be missed, the man-made Mustang Caves sit above the Gandaki River and are filled with 2,000-year-old Buddhist sculptures and paintings.

    Getting to the Mustang Valley is part of the adventure. Travelers will need to take a 25-minute flight from capital Kathmandu to Pokhara then hop on another plane for the 20-minute journey to Jomsom. The views alone might make this option more pleasing to some than the alternative – a 12-hour drive from Kathmandu. – KC

    From the spectacular wildlife to the beautiful national parks and beaches, Tanzania is absolutely bursting with visual splendor.

    The East African country holds a seemingly endless list of incredible sights, with Mount Kilimanjaro, Africa’s highest mountain, UNESCO world heritage site Serengeti National Park, and the Zanzibar Archipelago, among its many highlights.

    This year, flag carrier Air Tanzania will launch new routes to West and Central Africa, along with the UK, in a bid to transform the country’s largest airport in Dar es Salaam into a transport and logistics hub, while construction on the country’s first toll expressway is also scheduled to begin.

    Meanwhile, the Delta Hotels by Marriott brand made its Africa debut with the opening of its Dar es Salaam Oyster Bay property earlier this year. –– THG

    Cairo is pulsing with life and a rich blend of cultures.

    Could this finally be the year tourists can see the Grand Egyptian Museum? After delay upon delay, the museum is expecting a 2023 opening.

    GEM will be the largest museum dedicated to a single civilization, costing around $1 billion and holding the entire King Tut collection. See video here of a CNN insider visit.

    If you arrive in Cairo before it opens, the Egyptian Museum in Tahrir Square can still scratch your antiquity itch.

    While the Pyramids of Giza are the city’s tour-de-force, there’s still more to see. Start with Islamic Cairo. This area has one of the largest collections of historic Islamic architecture in the world. While there, visit the Al-Azhar mosque, which dates back to 970.

    The city also has a rich Christian tradition. Coptic Cairo, part of Old Cairo, has a concentration of Christian sites that pre-date the arrival of Islam.

    If you need a respite from Cairo’s cacophony, Al Azhar Park has a nice expanse of greenery and a design inspired by historic Islamic gardens. And the affluent neighborhood of Zamalek, which sits on an island in the Nile River, serves up restaurants, antique stores and swanky hotels. – FB

    Yayoi Kusama has the distinction of being the best-selling living female artist on the planet. In particular, she has become a global icon for her sculptures of giant polka-dotted pumpkins, one of which was reinstalled at the pier of Naoshima, one of Japan’s “art islands,” in 2022 after being swept into the sea the year before.

    However, Naoshima is so much more than its famous yellow gourd or its works by Kusama.

    There are five small, walkable “art islands” in the Seto Inland Sea, which is located between the main islands of Honshu, Kyushu and Shikoku in southeastern Japan. The largest collection of things to see – not to mention the only hotel – is on Naoshima. Together, the five champion modern and contemporary art, with emphasis on Japanese artists.

    Don’t come here expecting calligraphy and other classical forms. Instead, be awed by Tadao Ando’s massive stone monoliths, a tiny gallery where patrons can listen to nothing but the beats of human hearts, a makeshift thunderstorm created inside a wooden house and an exhibit where jumping in and taking a bath is intended to be part of the artistic experience. – LM

    With direct flights to Belize City from about a dozen North American airports, this Central American country is a low-hassle hop for many travelers during the November to April high season.

    Most visitors head directly to Belize’s Caribbean coastline. The country’s largest island, Ambergris Caye, sits next to Belize Barrier Reef – the world’s second largest coral reef system. Margaritaville Beach Resort opened on the island in March, and “eco-luxury” resort Alaia Belize opened in 2021.

    Farther south, the Great Blue Hole – a massive underwater sinkhole – is an aquatic magnet for both scuba divers and aerial photographers.

    But Belize offers way more than its enticing islands.

    Lush rainforests, cave networks, winding rivers and rich Mayan archaeological sites invite exploration in a country that’s had an evolving sustainable tourism master plan since 2012. Ruins of the Mayan city of Altun Ha are just about an hour north of Belize City. Or farther west, Lamanai is one of Belize’s largest and most fascinating Mayan sites. – MH

    Mexico is arguably as rich in culinary heritage as it is in Mesoamerican archaeological treasures, and Eva Longoria explores many distinctive flavors in her series “Searching for Mexico,” which aired on CNN this year.

    The state of Oaxaca, which Longoria visits, has an especially deep well of culinary traditions. Plus, Oaxaca produces most of the world’s mezcal.

    Tlayudas, known as Oaxacan pizzas, are a street food staple. A large corn tortilla is typically layered with lard, beans, traditional Oaxacan cheese, pork and other toppings such as avocado and tomato. The state is also renowned for its seven mole sauces, with recipes that may call for dozens of ingredients from chiles and sesame seeds to chocolate and dried fruit.

    In the city of Oaxaca, Mercado Benito Juárez is one of many markets across the state selling items such as dried chiles, fresh produce, handicrafts and crunchy grasshoppers. To sample the state’s increasingly popular beverage, the town of Santiago Matatlán is the place for mezcal distillery tours and tastings. – MH

    In the winter, the frozen Rideau Canal in Ottawa becomes the world's largest skaing rink.

    It doesn’t have Montreal’s French flair or Toronto’s international oomph, so the Canadian capital can get overlooked. That would be a mistake. Graceful and understated, Ottawa has its own draws.

    Music lovers should take note of two Ottawa Jazz Festivals. The winter edition took place in February, and the summer edition will run from June 23-30.

    If you love hockey, watch the Ottawa Senators do their NHL thing at the Canadian Tire Centre in the western suburbs. If that ticket is too pricey, check out the Ottawa 67’s, a more affordable option of junior men’s hockey games at downtown’s TD Place Arena.

    The Rideau Canal turns into the world’s largest skating rink from sometime in January to late February or early March, depending on ice thickness. It’s free and accessible 24/7. When it’s warmer, it’s a great spot for people and boat watching.

    A don’t-miss is Parliament Hill, home to Canada’s federal government and the visually striking Parliament buildings on a promontory overlooking the Ottawa River. – FB

    Treks through the Bwindi Impenetrable Forest are among Uganda's highlights.

    There’s considerable change brewing in Uganda’s travel offerings at the moment with the East African country looking beyond the traditional staples of safari and wildlife spotting to appeal to both regional and international visitors.

    Keen to revitalize post-Covid tourism in all corners of the country, not just the big-ticket businesses offering wealthy visitors a glimpse of the Big Five beasts or mountain gorillas, it’s turned to marketing its other attributes.

    And why not? From the expansive shores of Lake Victoria to the snowy Rwenzori Mountains, Uganda is a beautiful wilderness playground, with opportunities for adventure including treks through the Bwindi Impenetrable Forest or up to the craters of the Virunga volcano chain or whitewater rafting along the Victoria Nile.

    There’s also an emphasis on connecting visitors with Ugandan communities – promising tastes of Ugandan food, music and culture. Last year saw the launch of the Uganda Cycling Trail, a 1,600-kilometer mainly unpaved 22-stage route designed to appeal to all levels of cyclist from hardcore solo bikepackers to fully-guided easy riders. – BN

    [ad_2]

    Source link

  • Social Security’s COLA could be 3.1% in 2024, and buying power has dropped 36% since 2000

    Social Security’s COLA could be 3.1% in 2024, and buying power has dropped 36% since 2000

    [ad_1]

    The buying power of Social Security has dropped 36% since 2000, meaning that oldest adults who retired before 2000 would need more than $500 a month extra just to maintain the same level of buying power, according to a new study by the Senior Citizens League, a pro-senior think tank.

    The Senior Citizens League also said it expects the 2024 cost-of-living adjustment for Social Security to be 3.1%, compared with the 8.7% increase in 2023’s COLA. The organization said last month it expected COLA for 2024 to be less than 3%. 

    [ad_2]

    Source link

  • Another key inflation gauge cooled further in April | CNN Business

    Another key inflation gauge cooled further in April | CNN Business

    [ad_1]


    Washington, DC
    CNN
     — 

    Wholesale annual inflation slowed in April, adding to signs that price pressures are easing.

    The Producer Price Index, a key measure of price changes at the wholesale level, slowed to 2.3% for the 12 months ended in April, the Bureau of Labor Statistics reported Thursday.

    That was below the annual increase of 2.7% in March and economists’ expectations of a 2.4% increase. It’s also the slowest annual increase since 2021.

    On a monthly basis, prices ticked up 0.2%. During the previous month, they fell by 0.4%.

    This story is developing and will be updated.

    [ad_2]

    Source link

  • Apple posts second consecutive quarterly revenue decline | CNN Business

    Apple posts second consecutive quarterly revenue decline | CNN Business

    [ad_1]



    CNN
     — 

    Apple on Thursday reported that its revenue fell 3% to $94.8 billion for the first three months of the year as consumers scale back spending on smartphones and computers amid looming recession fears.

    The company’s revenue was slightly better than what Wall Street had expected, but it nonetheless represented the second consecutive quarterly revenue decline for the iPhone maker.

    Apple attempted to appease investors by announcing up to $90 billion in share buybacks. Shares of Apple were largely flat in after-hours trading Thursday following teh results.

    Despite the continued revenue decline, there were bright spots in the report.

    Apple CEO Tim Cook said Apple hit a “a March quarter record for iPhone despite the challenging macroeconomic environment” and that the installed base of active devices reached an all-time high.

    Apple’s latest quarterly earnings report comes amid a sharp decline in PC and smartphone sales globally after a surge earlier in the pandemic.

    Worldwide PC shipments declined 30% in the first quarter of 2023 compared to the year prior, according to data from Gartner. Global smartphone shipments plunged 14.6% last quarter, according to separate data from market intelligence firm IDC.

    Apple’s report on Thursday caps off a closely-watched earnings season for Silicon Valley amid broader economic jitters. All five Big Tech companies beat Wall Street’s estimates, but the numbers paint a stark picture of the industry at this moment.

    Apple and its peers once enjoyed seemingly limitless growth. Now these business are struggling to grow sales and profits – or posting declines.

    [ad_2]

    Source link

  • Kenvue stock opens 16% above IPO, valuing the company at $47.7 billion

    Kenvue stock opens 16% above IPO, valuing the company at $47.7 billion

    [ad_1]

    Kenvue Inc. shares
    KVUE,
    +18.86%

    were cheered in their Wall Street debut Thursday, as the Johnson & Johnson
    JNJ,
    -0.24%

    spinoff, with consumer brands including Tylenol, Band-Aid and Listerine, saw it’s stock open 16.0% above its initial public offering price. Kenvue raised $3.8 billion as it said late Wednesday that it sold 172.8 million shares in the IPO, up from previous expectations of 151.2 million shares, at $22 a share, which was at the higher end of the expected pricing range of between $20 and $23 a share. With 1.87 billion shares outstanding after the IPO, the pricing values the company at $41.08 billion. The stock’s first trade was at $25.53 at 12:47 p.m. Eastern, for 15.7 million shares. At the opening price, the company was valued at $47.67 billion. Shares of J&J, which owns 1.72 billion Kenvue shares, or 91.9% of the shares outstanding, slipped 0.5% in midday trading. Kenvue’s debut comes at a time when the IPO market had all but dried up, and investors haven’t been showing shares of recent IPOs much love. The Renaissance IPO exchange-traded fund
    IPO,
    +0.83%

    has lost 7.7% over the past three months while the S&P 500
    SPX,
    -0.48%

    has slipped 1.8%.

    [ad_2]

    Source link

  • Johnson & Johnson’s Kenvue IPO to command valuation of more than $40 billion in biggest public debut since 2021

    Johnson & Johnson’s Kenvue IPO to command valuation of more than $40 billion in biggest public debut since 2021

    [ad_1]

    A unit of Johnson & Johnson is headed for the biggest initial public offering in more than a year after its shares were priced near the top of the expected range Wednesday evening.

    Johnson & Johnson JNJ will charge $22 a share in the IPO for Kenvue, the companies said in a statement Wednesday evening. Kenvue, which is expected to begin trading Thursday morning on the New York Stock Exchange, under the ticker “KVUE,” will hold a wealth of consumer brands that includes Band-Aid, Tylenol and Listerine.

    Johnson…

    [ad_2]

    Source link

  • ‘These high yields are not going to last forever’: Fed’s rate hike may be the last for now — time to say goodbye to 5% on CDs and savings?

    ‘These high yields are not going to last forever’: Fed’s rate hike may be the last for now — time to say goodbye to 5% on CDs and savings?

    [ad_1]

    The Federal Reserve’s interest-rate increases have been propping open a window for people to get tempting yields in turbulent times from savings accounts, certificates of deposit and other low-risk cash investments.

    Now the Fed increased its benchmark rate again Wednesday. The 25-basis point increase is the central bank’s tenth straight rate hike since March 2022. The increase, which brings the rate to a range of 5%-5.25%, could also be the final increase too, some Fed watchers say.

    So if the window for high yields on low-risk cash investments is at its highest point for now, there’s likely only one direction they’ll go next, observers say.

    “In our view, we are now at the peak or very near the peak in the federal funds rate. If you look at the market signals, they indicate exactly that,” said Angelo Kourkafas, investment strategist at Edward Jones.

    What that means for rate-sensitive cash investments — like bank accounts, CDs, money-market funds and short-term Treasury debt maturing within one year — “is an opportunity to take advantage of these high yields that are not going to last forever,” he said.

    The largest money-market funds currently offer an average 4.64% seven-day yield as of Monday, according to Crane Data. Meanwhile, the yields on Treasury bills are also ranging around 4% to 5%, according to data.

    The annual percentage yields on high-yield savings accounts and one-year online bank CDs can now reach 4% and 5%, according to DepostAccounts.com.

    But some of the longest maturity CDs “may have already peaked,” according to Ken Tumin, the site’s founder and senior industry analyst at LendingTree.

    Long-term CD rates are less influenced by the federal funds rate moves and “are the first ones to react,” he said. The APY on a five-year CD averaged 3.95% in April, down from 4.04% in January, he noted.

    Rate retreats show elsewhere. I-bonds, the fixed-income investments pegged to inflation that caught wide attention, now offer a 4.3% rate. That’s down from 6.89% in the previous six months, and off their recent peak of 9.62%.

    Even as inflation rates declined from scorching to warm, Americans amassed $1 trillion in personal savings as of March. But recession worries continue to to build among many economists and consumers.

    “It’s not imminent that we see lower [Federal Reserve] rates down the road, but we could potentially by the end of the year,” said Kourkafas. “From an investor standpoint, locking in some of these high yields makes sense,” he later added.

    “This could be ‘last call’ for savers,” said Greg McBride, Bankrate chief financial analyst. “CD yields on maturities of one year and longer have peaked, and now is the time to lock in. A slowing economy coupled with the Fed moving to the sidelines mean CD yields will start pulling back soon.”

    Are we at the top?

    It’s tough to say for sure whether the Fed has reached the top of this particular interest-rate cycle, but it’s a key question for Wednesday’s Fed meeting. Another question is when the central bank starts considering rate decreases.

    With its latest rate increase Wednesday, the central bank said, looking ahead, it will weigh a range of factors to decide the extent that “additional policy firming may be appropriate.”

    There’s been no decision on a pause, Federal Reserve Chair Jerome Powell told reporters Wednesday. But the central bank had a tone shift in its latest statement, discarding a line that said “some” extra increases “may” be necessary.

    It was “a meaningful change that we’re no longer saying we anticipate. So we’ll be driven by incoming data meeting by meeting, and we’ll approach that question at the June meeting,” Powell said.

    For around a year, “retail investors — as they do in every tightening cycle — they’ve been gradually moving their deposits into higher yielding places, such as CDs and other things, including money market funds,” Powell noted.

    “That’s a gradual process that is quite natural and happens during a tightening cycle,” he said.

    If the Fed keeps its rate higher for longer, the window for higher yields will likely stay at its peak for a while, said Tumin. “Deposit rates might not fall quickly, so people might have time to take advantage of higher deposit rates.”

    Federal Deposit Insurance Corporation data showed banks paying $78.7 billion in interest on domestic deposit accounts last year, according to DepositAccounts.com research. That’s more than triple the $24.3 billion that banks paid for deposit interest in 2021.

    “If things turn for the worse,” Tumin said, “deposit rates could fall quickly, before the first Fed rate cut.” If banks tone down their personal and business lending portfolios, they wouldn’t need to entice as many depositors with higher rates, he explained.

    Economists say credit is already tightening as banks mull their next move after the failures of Silicon Valley Bank and Signature Bank last month. This week, JPMorgan Chase & Co.
    JPM,
    -2.12%

    acquired First Republic Bank after the troubled lender closed its doors.

    Ever since the Fed started tightening, consumers have become “increasingly rate-conscious,” said Jennifer White, senior director of banking and payments intelligence at JD Power.

    “What goes along with rate chasing is all the other behavior that consumers learned during this process,” she said. That includes a heightened focus on the customer services a bank offers, and the costs it charges for those services, she said.

    If and/or when interest rates decline, “I don’t think that’s going to be lost on customers,” White said.

    Don’t get carried away

    “With cash rates where they are right now, you can get meaningful yield,” said Mike Loewengart, head of model portfolio construction at Morgan Stanley’s
    MS,
    -1.78%

    Global Investment Office. “It can make sense to hold a larger portion of cash, and cash-like investments.”

    Just how much cash you decide to hold onto depends on your own risk tolerance, and the amount of time before you need to tap your portfolio, he said. Just don’t go overboard, he said.

    There are many convenient trade-offs, like the lock-up period for money in a CD, or the fact that returns on cash ultimately cannot outrun inflation. “If you’re holding excess cash in your portfolio, you run the risk of not maintaining purchasing power over time,” Loewengart added.

    Suppose investors pulled all their money from stocks and bonds, and put it all into Treasury bills that matured in three months’ time?

    That cash-focused investor would have a 74% chance of underperforming a 60/40 portfolio, according to Vanguard’s number crunch on four decades of data. The person’s returns would be around 4% lower, researchers said.

    (A 60/40 portfolio is a classic investment mix comprised of 60% stocks and 40% bonds — though its effectiveness is a source of debate.)

    If the investor stayed in three-month Treasury bills for a year, Vanguard’s analysts said they faced an 87% chance of underperforming a 60/40 portfolio. Here, the T-bill investor underperformed the 60/40 portfolio by an average 13.5% underperformance, Vanguard said.

    Joe Davis, Vanguard’s chief global economist, said does not expect a rate cut this year.

    Vanguard sees inflation cooling, but it also predicts a recession in the second half of the year that entails less bank lending, more job losses, and more bankruptcy cases, he said.

    Financial advisers always emphasize the importance of keeping the long view, and avoiding knee-jerk investment decisions that attempt to time the market.

    Markets and investors have experienced “the most aggressive Fed rate-hiking campaign” in decades, said Kourkafas. “It’s a big milestone, but now we have to think about what’s next.”

    It’s been “painful for everything — except cash — last year,” Kourkafas said. “But now, as we make that turning point, there’s an opportunity with cash, but also investors shouldn’t forgo other parts of their portfolio.”

    [ad_2]

    Source link

  • Adidas sued by shareholders over its failed Ye partnership | CNN Business

    Adidas sued by shareholders over its failed Ye partnership | CNN Business

    [ad_1]


    New York
    CNN
     — 

    Adidas shareholders filed a class-action lawsuit against the brand, accusing it of failing to warn investors about the antisemitism and “extreme behavior” exhibited by the rapper formerly known as Kanye West, before their partnership ended last year.

    In the lawsuit, filed Friday in a federal court, shareholders allege that Adidas “routinely ignored” his behavior as early as 2018. They claim that senior executives “ignored serious issues” affecting the Yeezy partnership, namely his antisemitic remarks and troubling public comments about slavery.

    In a report from that year, Adidas was “generally alluding” to the risks “rather than stating that the company had actually considered ending the partnership as a result of West’s personal behavior,” according to the lawsuit. During that time, Ye said that slavery was a “choice” in a TMZ interview.

    The lawsuit said that Adidas was aware of his behavior and that the company “failed to take meaningful precautionary measures to limit negative financial exposure” if the partnership ended.

    The lawsuit doesn’t name the rapper, who now goes by Ye. Adidas’ Chief Financial Officer Harm Ohlmeyer and former CEO Kasper Rørsted are named as defendants. The suit covers anyone who bought an Adidas share from May 3, 2018 (when Ye made the slavery remark) until 2023.

    “We outright reject these unfounded claims and will take all necessary measures to vigorously defend ourselves against them,” Adidas said in a comment to CNN.

    Adidas

    (ADDDF)
    ended its almost decade-long partnership in October 2022 after Ye wore a “White Lives Matter” T-shirt in public. The Anti-Defamation League categorizes the phrase as a hate slogan used by White supremacist groups, including the Ku Klux Klan. Days later, Ye said “I can say antisemitic s*** and Adidas

    (ADDDF)
    cannot drop me” during a podcast taping.

    Adidas said that its partnership with Ye ended because it “does not tolerate antisemitism and any other sort of hate speech” and said his comments were “unacceptable, hateful and dangerous.” It also said they violated the company’s “values of diversity and inclusion, mutual respect and fairness.”

    The company said in February that it was expected to lose $1.3 billion in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. In a statement, Adidas said its financial guidance for 2023 “accounts for the significant adverse impact from not selling the existing stock.” If the company can’t repurpose any of the remaining Ye clothing, Adidas said that could cost the company $534 million in operating profit this year.

    [ad_2]

    Source link

  • Inflation slows again, PCE shows, as the economy

    Inflation slows again, PCE shows, as the economy

    [ad_1]

    The numbers: The cost of goods and services rose a scant 0.1% in March and the yearly rate of inflation slowed again in response to higher interest rates and a cooler economy.

    The increase in the so-called personal consumption expenditures index matched the Wall Street forecast. The PCE index is the Federal Reserve’s preferred inflation barometer.

    The…

    [ad_2]

    Source link

  • Consumer confidence falls to 9-month low on worries about jobs and recession

    Consumer confidence falls to 9-month low on worries about jobs and recession

    [ad_1]

    The numbers: A survey of consumer confidence fell in April to a nine-month low of 101.3, reflecting nagging worries about a possible recession and a softening labor market.

    The closely followed index dropped 2.7 points from a revised 104 in the prior month, the Conference Board said Tuesday. The level of confidence in April was the lowest since July 2022.

    Consumer…

    [ad_2]

    Source link

  • How to protect yourself from iPhone thieves locking you out of your own device | CNN Business

    How to protect yourself from iPhone thieves locking you out of your own device | CNN Business

    [ad_1]



    CNN
     — 

    A complex but concerning method of gaining control over a user’s iPhone and permanently locking them out the device appears to be on the rise.

    Some iPhone thieves are exploiting a security setting, called the recovery key, that makes it nearly impossible for owners to access their photos, messages, data and more, according to a recent Wall Street Journal report. Some victims also told the publication their bank accounts were drained after the thieves gained access to their financial apps.

    It’s important to note, however, this type of takeover is hard to pull off. It requires a criminal essentially watching an iPhone user enter the device’s passcode – for example, by looking over their shoulder at a bar or sporting event – or manipulating the device’s owner so they’ll share their passcode. And that’s all before they physically steal the device.

    From there, a thief could use the passcode to change the device’s Apple ID, turn off “Find my iPhone” so their location can’t be tracked, and then reset the recovery key, a complex 28-digit code intended to protect its owners from online hackers.

    Apple requires this key to help reset or regain access to an Apple ID in an effort to bolster the user’s security, but if a thief changes it, the original owner will not have the new code and will be locked out of the account.

    “We sympathize with people who have had this experience and we take all attacks on our users very seriously, no matter how rare,” an Apple spokesperson said in a statement to CNN. “We work tirelessly every day to protect our users’ accounts and data, and are always investigating additional protections against emerging threats like this one.”

    On its website, Apple warns “you’re responsible for maintaining access to your trusted devices and your recovery key. If you lose both of these items, you could be locked out of your account permanently.”

    Jeff Pollard, VP and principal analyst at Forrester Research, said the company should offer more customer support options and “ways for Apple users to authenticate so they can reset these settings.”

    For now, however, there are a handful of steps users can take to potentially protect themselves from having this happen to them.

    The first step is protecting the passcode.

    An Apple spokesperson told CNN people can use Face ID or Touch ID when unlocking their phone in public to avoid revealing their passcode to anyone who might be watching.

    Users can also set up a longer, alphanumeric passcode that’s harder for bad actors to figure out. Device owners should also change the passcode immediately if they believe someone else has seen it.

    Another step someone could consider is a hack not necessarily endorsed by Apple but one that’s been circulating online. Within an iPhone’s Screen Time setting, which allows guardians to set up restrictions on how kids can use the device, there is the option to set up a secondary password that would be required from any user before they could successfully change an Apple ID.

    By enabling this, a thief would be prompted for that secondary password before changing an Apple ID password.

    Finally, users can protect themselves by regularly backing up an iPhone – via iCloud or iTunes – so data can be recovered in the case an iPhone is stolen. At the same time, users may want to consider storing important photos or other sensitive files and data in another cloud service, such as Google Photos, Microsoft OneDrive, Amazon Photos or Dropbox.

    This won’t stop a bad actor from gaining access to the device, but it should limit some of the fallout if it ever should happen.

    [ad_2]

    Source link

  • Netflix is winding down its DVD business after 25 years | CNN Business

    Netflix is winding down its DVD business after 25 years | CNN Business

    [ad_1]


    New York
    CNN
     — 

    Netflix is officially winding down the business that helped make it a household name.

    This fall, the streaming giant will officially say goodbye to its DVD rental service and all of the red envelopes that made it possible.

    “On September 29th, 2023, we will send out the last red envelope,” the company tweeted Tuesday. “It has been a true pleasure and honor to deliver movie nights to our wonderful members for 25 years.”

    “Our goal has always been to provide the best service for our members, but as the DVD business continues to shrink, that’s going to become increasingly difficult,” co-CEO Ted Sarandos wrote in a blog post Tuesday. “Making 2023 our Final Season allows us to maintain our quality of service through the last day and go out on a high note.”

    The company reported a miss for its second-quarter earnings after market close on Tuesday. Shares fell by around 6%.

    [ad_2]

    Source link

  • Refined carbs and red meat driving global rise in type 2 diabetes, study says | CNN

    Refined carbs and red meat driving global rise in type 2 diabetes, study says | CNN

    [ad_1]

    Editor’s Note: Sign up for CNN’s Eat, But Better: Mediterranean Style. Our eight-part guide shows you a delicious expert-backed eating lifestyle that will boost your health for life.



    CNN
     — 

    Gobbling up too many refined wheat and rice products, along with eating too few whole grains, is fueling the growth of new cases of type 2 diabetes worldwide, according to a new study that models data through 2018.

    “Our study suggests poor carbohydrate quality is a leading driver of diet-attributable type 2 diabetes globally,” says senior author Dr. Dariush Mozaffarian, a professor of nutrition at Tufts University and professor of medicine at Tufts School of Medicine in Boston, in a statement.

    Another key factor: People are eating far too much red and processed meats, such as bacon, sausage, salami and the like, the study said. Those three factors — eating too few whole grains and too many processed grains and meats — were the primary drivers of over 14 million new cases of type 2 diabetes in 2018, according to the study, which was published Monday in the journal Nature Medicine.

    In fact, the study estimated 7 out of 10 cases of type 2 diabetes worldwide in 2018 were linked to poor food choices.

    “These new findings reveal critical areas for national and global focus to improve nutrition and reduce devastating burdens of diabetes,” said Mozaffarian, who is also the editor in chief of the Tufts Health & Nutrition Letter.

    Mozaffarian and his team developed a research model of dietary intake between 1990 and 2018 and applied it to 184 countries. Compared with 1990, there were 8.6 million more cases of type 2 diabetes due to poor diet in 2018, the study found.

    Researchers found eating too many unhealthy foods was more of a driver of type 2 diabetes on a global level than a lack of eating wholesome foods, especially for men compared with women, younger compared to older adults, and in urban versus rural residents.

    Over 60% of the total global diet-attributable cases of the disease were due to excess intake of just six harmful dietary habits: eating too much refined rice, wheat and potatoes; too many processed and unprocessed red meats; and drinking too many sugar-sweetened beverages and fruit juice.

    Inadequate intake of five protective dietary factors — fruits, nonstarchy vegetables, nuts, seeds, whole grains and yogurt — was responsible for just over 39% of the new cases.

    People in Poland and Russia, where diets tend to focus on potatoes and red and processed meat, and other countries in Eastern and Central Europe as well as Central Asia, had the highest percentage of new type 2 diabetes cases linked to diet.

    Colombia, Mexico and other countries in Latin America and the Caribbean also had high numbers of new cases, which researchers said could be due to a reliance on sugary drinks and processed meat, as well as a low intake of whole grains.

    “Our modeling approach does not prove causation, and our findings should be considered as estimates of risk,” the authors wrote.

    [ad_2]

    Source link

  • On one of the world’s most dangerous migrant routes, a cartel makes millions off the American dream | CNN

    On one of the world’s most dangerous migrant routes, a cartel makes millions off the American dream | CNN

    [ad_1]

    Editor’s Note: “The Trek: A Migrant Trail to America” premieres on April 16 at 8 p.m. ET/PT on CNN’s new Sunday primetime series, The Whole Story with Anderson Cooper.

    Darién Gap, Colombia and Panama (CNN) — There is always a crowd, but it can feel very lonely.

    To get closer to freedom, they have risked it all.

    Masked robbers and rapists. Exhaustion, snakebites, broken ankles. Murder and hunger.

    Having to choose who to help and who to leave behind.

    The trek across the Darién Gap, a stretch of remote, roadless, mountainous rainforest connecting South and Central America, is one of the most popular and perilous walks on earth.

    Almost 250,000 people made the crossing in 2022, fueled by economic and humanitarian disasters – nearly double the figures from the year before, and 20 times the annual average from 2010 to 2020. Early data for 2023 shows six times as many made the trek from January to March, 87,390 compared to 13,791 last year, a record, according to Panamanian authorities.

    They all share the same goal: to make it to the United States.

    And they keep coming, no matter how much harder that dream becomes to realize.

    A team of CNN journalists made the nearly 70-mile journey by foot in February, interviewing migrants, guides, locals and officials about why so many are taking the risk, braving unforgiving terrain, extortion and violence.

    The route took five days, starting outside a Colombian seaside town, traversing through farming communities, ascending a steep mountain, cutting across muddy, dense rainforest and rivers before reaching a government-run camp in Panama.

    Along the way, it became evident that the cartel overseeing the route is making millions off a highly organized smuggling business, pushing as many people as possible through what amounts to a hole in the fence for migrants moving north, the distant American dream their only lodestar.

    At dusk, the arid, dusty camp on the banks of the Acandí Seco river near Acandí, Colombia, hums with expectation.

    Hundreds of people are gathered in dozens of tiny disposable tents on a stretch of farmland controlled by a drug cartel, close to the Colombian border with Panama. The route ahead of them will be arduous and life-threatening.

    But many are naïve to what lies ahead. They’ve been told that the days of trekking are few and easy, and they can pack light.

    But money, not prayer, will decide who will survive the journey.

    People are the new commodity for cartels, perhaps preferable to drugs. These human packages move themselves. Rivals do not try to steal them. Each migrant pays at least $400 for access to the jungle passage and absorbs all the risks themselves. According to CNN’s calculations, the smuggling trade earns the cartel tens of millions of dollars annually.

    The US, Panama and Colombia announced on April 11 that they will launch a 60-day campaign aimed at ending illegal migration through the Darién Gap, which they said “leads to death and exploitation of vulnerable people for significant profit.” In a joint statement, the countries added that they will also use “new lawful and flexible pathways for tens of thousands of migrants and refugees as an alternative to irregular migration,” but did not elaborate any further.

    A senior US State Department official declined to give a figure for cartel earnings. “This is definitely big business, but it is a business that has no thought towards safety or suffering or well-being… just collecting the money and moving people,” the official said.

    This cash has made an already omnipotent cartel even more powerful. This seems to be a no-go area for the Colombian government. Their last visible presence was in Necoclí, a tiny beachfront town miles away, packed with migrants, overseen by a few police.

    Migrants at the Acandí Seco camp are given pink wristbands – like those handed out in a nightclub – denoting their right to walk here. The level of organization is palpable and parading that sophistication may in fact be the reason the cartel has granted us permission to walk their route.

    CNN has changed the names of the migrants interviewed for this report for their safety.

    Manuel, 29, and his wife Tamara, finally decided to flee Venezuela with their children, after years scrabbling to secure food and other basic necessities. A socioeconomic crisis fueled by President Nicolás Maduro’s authoritarian government, worsened by the global pandemic and US sanctions, has led one in four Venezuelans to flee the country since 2015.

    “It’s thanks to our beautiful president … the dictatorship – why we’re in this sh*t… We had been planning this for a while when we saw the news that the US was helping us – the immigrants. So here we are now. Living the journey,” Manuel said. But it was unclear what help he was referring to.

    “Trusting in God to leave,” interrupted Tamara. “It’s all of us, or no one,” added Manuel, on the decision to bring their two young children.

    Their fate will be impacted by Washington’s recent changes in immigration policy.

    Last October, the US government blocked entry to Venezuelans arriving “without authorization” on its southern border, invoking a Trump-era pandemic restriction, known as Title 42. The Biden administration has since expanded Title 42, allowing migrants who might otherwise qualify for asylum to be swiftly expelled, turned back to Mexico or sent directly to their home countries. The measure is expected to expire in early May.

    The government has said it will allow a small number to apply for legal entry, if they have an American sponsor – 30,000 individuals per month from Venezuela, Nicaragua, Haiti and Cuba.

    Like many others CNN interviewed, those policy changes had not impacted Manuel and Tamara’s decision to go north.

    The scramble of toddlers, parents and the vulnerable is harrowing, but there are also moments of hope, with many helping one another.

    Hundreds of thousands of people made the crossing last year, and they keep coming despite the dangers. (Natalie Gallón/CNN)

    As dawn drags people from their tents, the cartel’s mechanics pick up. Christian pop songs are played to rally those at the start line, where cartel guides dispense advice. “Please, patience is the virtue of the wise,” says one organizer through a megaphone. “The first ones will be the last. The last ones will be the first. That is why we shouldn’t run. Racing brings fatigue.”

    But no one is paying attention. Everyone is jostling as though they’re sprinters preparing to step into starting blocks. Small backpacks, one bottle of water, sneakers – what is comfortable to move with now, won’t suffice in the days of dense jungle ahead.

    There is a call for attention, a pause, and then they are allowed to begin walking.

    Sunlight reveals a crowd of over 800 this morning alone – the same as the daily average for January and February, according to the United Nation’s International Organization for Migration (IOM). These months in the dry season are normally the slowest on the route, because the rivers are too low to ferry migrants on boats, and the huge uptick is raising fears of more record-breaking numbers ahead.

    The volume of children is staggering. Some are carried, others dragged by the hand. The 66-mile route through the Darién Gap is a minefield of lethal snakes, slimy rock, and erratic riverbeds, that challenges most adults, leaving many exhausted, dehydrated, sick, injured, or worse.

    Yet the number of children is growing. A record 40,438 crossed last year, Panamanian migration data shows. UNICEF reported late last year that half of them were under five, and around 900 were unaccompanied. In January and February of this year, Panama recorded 9,683 minors crossing, a seven-fold increase compared to the same period in 2022. In March, the number hit 7,200.

    Jean-Pierre is carrying his son, Louvens, who was sick before he’d even started. Strapped to his father’s chest, he’s weak and coughing. But Jean-Pierre pushes on, their fee already paid. There is no going back. Their home of Haiti – where gang violence, a failed government and the worst malnutrition crisis in decades make daily life untenable – is behind them. And impossible choices lie ahead.

    Within minutes, the first obstacle is clear: water. The route, which crisscrosses the Acandí Seco, Tuquesa, Cañas Blancas and Marraganti rivers, is constantly wet, muddy, and humid. Most migrants wear cheap rain boots and synthetic socks, in which their feet slowly curdle. They provide little ankle support and fill with water, leading some to cut holes in the rubber to let it drain out.

    Physical distress is a business opportunity for the cartel. Once the riverbeds turn to an ascent up a mountain to the Panamanian border, porters offer their services. Each wear either the yellow or blue Colombian team’s national soccer jersey with a number, to ease identification, and charge $20 to move a bag uphill – or even for $100, a child.

    “Hey, my kings, my queens! Whoever feels tired, I’m here,” one shouts.

    The route they are walking is new, opened by the cartel just 12 days earlier. The main, older route, via a crossing called Las Tecas, had become littered with discarded clothes, tents, refuse and even corpses. The cartel, locals tell us, sought a more organized, less dangerous alternative – more opportunities to earn more cash.

    At one of several huts where locals sell cold soda or clean water with cartel permission at a mark-up, is Wilson. Aged about five, he has been separated from his parents. They gave him to a porter to carry, who raced ahead.

    Wilson shakes his head emphatically when asked if he is going to the US. “To Miami,” he says. “Dad is going to build a swimming pool.” Asked about his future there, he says: “I want to be a fireman. And my sister has chosen to be a nurse.” He calls back down the trail: “Papa, Papa!” His father is nowhere to be seen.

    A Peruvian woman and baby pause for a moment on the trek.

    In the background is the constant advice of the cartel guides. “Gentlemen take your time,” says one named Jose. “We won’t get to the border today. We have two hours of climbing left.” He urges them to make use of the stream nearby, already crowded with people. “Fill up your water. One bottle of water up there costs you five dollars,” he says pointing up the hill. “I know that a lot of you don’t have the money to buy that, so better to take your water here.”

    The terrain is unforgiving, and the steep climb is particularly punishing on Jean-Pierre and his sick son Louvens, for whom breathing is audibly hard work. Other migrants offer suggestions: “Perhaps he is overheating in his thick wool hat. Maybe he needs more water?” His father struggles to move even himself uphill.

    Six hundred meters up the slope, bright light pierces the jungle canopy. Wooden platforms cover the clearing floor, and the buzz of chainsaws blends with music better suited to a festival. Drinks, shoes, and food are on sale. The route is so new, the cartel is cutting space for its clients into the forest as fast as they can arrive.

    The Darién's rugged, mountainous rainforest made construction of the Pan-American Highway untenable, leaving a

    Tents are pitched on fallen branches. Gatorades are cheerfully sold for $4. “Keep a lookout for the snake,” one machete-wielding guide warns. Dusk is a clatter of late arrivals, new tents being pitched, and attempts to sleep. The next day, and those after it, will be arduous.

    The second dawn breaks and the hillside is a mess of tents and anticipation. Water, hot rice, coffee – people buy what they can, many still unaware this will be their last chance to get food on the route.

    The size of the group has swollen and there is a jostle to get into position, as they wait for the guide Jose’s signal to start. They have learned that being last means you have to wait for everyone ahead of you to clear any obstacles.

    Jose barks chilling advice: “Take care of your children! A friend or anyone could take your child and sell their organs. Don’t give them over to a stranger.”

    As the crowd moves up the slope, the mist clings to the trees, making the climb feel steeper still. Some children embrace the challenge, bounding upwards playfully.

    A group of three Venezuelan siblings make light work of the muddy slope together. “I have to hold the stick so that you guys can grab me,” says the youngest to her brother and sister. The older sister strips to her socks when the viscous mud starts claiming shoes. Their mother adds: “You’re my warrior, you hear baby?”

    This morning, Louvens is looking worse. The difficulty of the climb seems to have left Jean-Pierre too exhausted to fully intervene. “He’s sleeping,” he says of his slumped son, whose breathing is labored over the sound of boots in the mud.

    Some walkers appear to have come to the jungle with little bar their will to keep moving. One Haitian man is wearing only flimsy rubber shoes, a wool sweater draped across his shoulders, and carrying three ruffled trash bags.

    Others are propelled by the horrors of what they have fled. Yendri, 20, and her mother Maria, 58, left Venezuela when Yendri’s university friends were shot dead in criminal attacks commonplace in the country, where the murder rate is one of the highest in the world. “It’s so hard to live there. It’s very dangerous – we live with a lot of violence. I studied with two people that were killed.”

    Her mother Maria was a professor, earning $16 a month – barely enough to eat. “I’m going, little by little,” she says. “I sat down to rest and to eat breakfast so that we continue to have strength.”

    Another is Ling, from Wuhan, the epicenter of the Covid-19 pandemic. He learned about the Darién Gap by evading the Chinese firewall, and then researching the walk on TikTok. “Hong Kong, then Thailand, then Turkey and then Ecuador,” he rattles off his route to the riverbank where we meet.

    “Many Chinese come here … Because Chinese society is not very good for life,” Ling adds while pausing to rest. He has also run out of food already. His move split his parents, he says. His father was for it; his mother wanted a traditional life and marriage for him. Around 2,200 Chinese citizens made the trek in January and February this year – more than in all of 2022, according to Panamanian government data.

    The last bit of Colombian territory grates, one father slipping as he carries his son on his back. Then the sky clears. The summit of the hill is the border between Panama and Colombia, marked with a hand-daubed sign of two flags. A canopy provides some shelter, and parents rest on logs. Younger walkers take smiling selfies. There is a sense of euphoria, which will evaporate within a few hundred yards.

    Most migrants are ill-equipped to hike the unforgiving terrain. It's dry season, yet the ground still sucks you in with every step.

    They are about to leave the grasp of the cash-hungry Colombian cartel and set off alone into Panama. The porters offer parting wisdom: “The blessing of the almighty is with you,” says one. “Don’t fight on the way. Help whoever is in need, because you never know when you’re going to need help.”

    During this pause they can take stock of who is suffering most acutely. Anna, 12, who is disabled and has epileptic convulsions, lies shaking on the chest of her mother, Natalia. “Her fever hasn’t dropped,” she says. “I didn’t bring a thermometer.”

    Like many here, Natalia says she was told the walk would be a lot shorter – only two hours’ descent ahead, she says. The scale of the deceit has begun to emerge, and the ground is about to literally turn on them.

    Once in Panama, the cartel falls away, reaching the end of their territory, as does the firm terrain. On the other side of the border lies a steep drop down the mountain, interrupted by roots, trees and rocks. Many stumble or slide uncontrollably. Mud grips your feet.

    Maria moves forwards slowly. “Don’t take me through the high parts,” she begs Yendri.

    Natalia has asked a Haitian migrant to carry her sick daughter ahead, but he soon tires. Anna sits by the side of the trail, alone, shivering.

    The man who was carrying her has started to make a stretcher from nearby canes cut from the jungle but needs help. They cannot move her further away from her mother, who is back down the trail and knows what Anna needs. But they cannot take her back to Natalia for help, as the climb up has already exhausted him.

    Although the trail has been open for less than two weeks, the path is already littered with refuse. An abandoned bow tie, empty tents, clothing, used diapers, personal documents – all scattered across the foliage, fragments of lives abandoned on the move.

    In one clearing, there is finally a moment of hope. Louvens, whose deterioration we had seen throughout the first days of the walk, is alert and smiling again after a miraculous recovery. He clambers over his father’s friends as they rest by the path.

    It is another two hours’ hard scrabble until the sound of the water surges. The forest opens, and the jungle floor is awash with tent poles, children, makeshift pots and stoves. People perch on every rock in the river, the sheer volume of migrants laid bare in one confluence. This is just the tail end of this morning’s group.

    There is a race to finish eating and washing before dark. Yet even in the night, new arrivals to the camp are cheered as they emerge from the path.

    On the third morning, the real length of the journey comes into focus.

    Jean-Pierre was told the whole walk would last 48 hours. “Right now, I don’t have enough food,” he says.

    Natalia, who has been reunited with her daughter, Anna, says she was told the descent to the boats from the summit would last only two days. It will be at least three. “‘No, your daughter can walk, this is easy,’” she says she was told by a Colombian guide. “But it’s not… since then, all I do is pay and pay,” she sobs. She and Anna are unable to move forward and are running short on food.

    On the winding route, chokepoints emerge at tree roots and pinnacles. Traffic jams form, with whole families spending hours on their feet waiting. In about an hour we move only a hundred meters.

    People pay around $400 to cross the Darién Gap, which is controlled by a local drug cartel. They bring little with them besides what they can carry on their backs.

    Tempers fray. “Why can’t you hurry the f**k up bitch,” a man shouts. He is reprimanded by an older lady in the same line, who reminds him a “proper father” would not talk that way.

    Yet at other moments, the sense of community – of spontaneous care for strangers – is startling. One river crossing is deep and marked by a rope. You must carry your bag overhead, and many stumble. Younger Haitian men stay behind to help others cross, forming a human chain.

    But this generosity can’t help with the physical pain or blunt the anxiety about what lies ahead.

    Standing on the riverbank, watching others stumble through the water, Carolina, from Venezuela, weeps. “Had I known, I would not have come or let my son come through here,” she says. “This is horrible. You have to live this to realize crossing through this jungle is the worst thing in the world.”

    Exhaustion is beginning to dictate every move. We stop next to the river to camp, and after an hour the site is overflowing with migrants, seeking safety in numbers and a pause. Dusk is setting in.

    In one of the tents is Wilson, the five-year-old. He has reunited with his parents again, who caught up with him on the route. His father says his son is in good health, despite having surgery nine months earlier.

    Outside another tent is Yendri, tending to her mother, whose right hand is raw with blisters after walking with a stick and wet leather gloves. She and Maria are also out of food, having given it away to other migrants, as they too thought the trek was just two or three days long.

    But deprivation is not new to so many on the riverbank. Venezuelans talk around the campfires of waiting in line from 1 a.m. to buy groceries but leaving empty-handed at 6 p.m.

    Stopping to camp overnight, people burn plastic to cook what they've carried with them. Many have fled countries where food and other basic goods are in short supply.

    “You’d get to the end of the line and there was no food. Nothing. We’d last two, three nights and that’s when I decided [to leave],” Lisbeth, a mother from Caracas says, as she begins to cry.

    Some even joke they are eating better in the jungle than in the Venezuelan capital.

    The next morning, the migrants pass a black plastic canopy stretched across four poles. Locals tell us that before this new route opened, it was an overnight stop for thieves. It’s close to Tres Bocas, a busy confluence in the rivers, where an old migrant route meets this new one.

    The two routes are now, it seems, competing, with safety and speed their rivaling commodities. Locals tell us the cartel has been fighting internally and fracturing. The new path was created as part of that fissure, but it is unclear whether it will be any more secure. Known as one of the world’s most dangerous migrant routes, the Darién Gap exposes those who cross it not only to natural hazards, but criminal gangs known for inflicting violence, including sexual abuse and robbery.

    The crowds fall away at the mouth of the old route, a riverbed leading to Cañas Blancas, a mountain crossing into Colombia. It’s lined with trash – ghostly plastic hangs from the trees, left there when the river flowed higher in rainy seasons past.

    Clothes are still hanging from hastily erected washing lines. A child’s doll and rucksack lie abandoned. The density of refuse reflects the number of people who’ve walked the route over the last decade – some of whom did not make it out.

    We soon stumble upon a few of them. A corpse wearing a yellow soccer jersey and wristband, his skull exposed. Further up the path, a foot can be seen sticking out from under a tent – a makeshift cross left nearby in hurried memorial. Elsewhere, the body of a woman, her arm cradling her head. According to the IOM, 36 people died in the Darién Gap in 2022, but that figure is likely only a fraction of the lives lost here – anecdotal reports suggest that many who die on the route are never found or reported.

    The old route, near Tres Bocas, is covered in garbage, camping tents and clothing abandoned by migrants.

    Another mile upstream is what appears to be a crime scene. Three bodies lie on the ground, each about 100 yards from each other. The first is a man, face down on the roots of a tree, rotting on a pathway. The other two are women. One is inside a tent, on her back, her legs spread apart. The third is concealed from the other two behind a fallen tree along the riverbank. She lies face down, found by migrants, according to photographs taken three weeks earlier, with her bra pushed up around her head. There are injuries around her groin and a rope by her body.

    A forensic pathologist who studied photographs of the scene at CNN’s request and didn’t want to be named discussing a sensitive issue, said there were likely signs of a violent death in the case of the one woman with a rope near her body, and the other two bodies – the man and woman – likely, “did not die of natural causes.”

    Yet there is unlikely to be an investigation. Panamanian authorities were told by journalists about the incident weeks prior, but there is no indication they have been here. Migrants just walk by the scene, a cautionary tale. No graves, just a moment of respect – afforded by discarded tent poles, fashioned into a cross.

    Known as one of the world’s most dangerous migrant routes, some never make it out of the Darién.

    Vultures circle above what appears to be a crime scene. Three bodies lying on the ground serve as a warning. (Natalie Gallón/CNN)

    Nearby is Jorge, who is on his second bid to cross into the US, where his brother lives in New Jersey. His first attempt ended with deportation back to Venezuela. Both of his journeys have been marred by violence. Just days earlier, further up the old route near the Colombian border, men in ski masks robbed his group.

    “When we were coming down Cañas Blancas, three guys came out, hooded, with guns, knives, machetes. They wanted $100 and those that didn’t have it had to stay. They hit me and another guy – they jumped on him and kicked him,” he said, adding the group had to borrow from other walkers to pay the $100. “That’s the story of the Darién. Some of us run with luck. Others with God’s will. And those that don’t pass, well they stay and that’s the way of the jungle.”

    At night, talk of the violence and robbery spreads through the group. Their tents are pitched closer together, and they burn plastic to heat food, choking the air, at times risking catching the trees alight.

    The closing hours of the walk, that next dawn, see great sacrifice among the migrants. And with the end in sight, nobody is willing to leave anyone else behind.

    Along one riverbed, a crowd has formed around a Venezuelan man in his early 20s, named Daniel. His ankle has swollen red from injury. Of the 10 days he’s spent in the wild, he’s been here for four.

    Other Venezuelans are busy around him, finding food and medicine. One injects him with antibiotics. Four other men, strangers to Daniel until 30 minutes earlier, fashion a stretcher from nearby branches, and carry him on, constantly joking among themselves. “That man is crazy. In the US, don’t they have psychologists to help this guy?” one says.

    A Venezuelan man, who was injured and stuck on the route for days, is carried on a makeshift stretcher made by other migrants.

    A woman from Haiti, Belle, is five months pregnant and quiet. She is shaking from hunger and thirst. She too gets help – food and water from other migrants.

    Anna, the 12-year-old girl who is disabled, and was stranded on a hillside after being separated from her mother, is still moving forwards. For a day now, she has been carried on the back of one man: Ener Sanchez, 27, from a Venezuelan-Colombian border town. Exhausted, he says: “I have to wait for her mother because we can’t leave her.”

    The heat is extreme, and the boats appear to always be further than imagined along the rocky, impassable riverbed. One Haitian woman lies on the path, water poured on her head by friends to cool her down.

    And when they finally reach the boats, their ordeal is not over, but extended. Lines curve along the riverbank for each canoe – wooden vessels known as “piraguas” crammed full of migrants each paying $20 a head. The boats arrive constantly, perhaps six at a time, to cater to the volume of migrants – each making $300 when full.

    Fights break out among the exhausted over who is first in line. A medical rescue helicopter passes overhead, the first sign of a government presence since we entered Panama three days earlier.

    Carolina is here, trying to board. Fatigue overshadows her relief. “Nobody knows but this jungle is hell; it’s the worst. At one point on the mountains, my son was behind me, and he would say, ‘Mom, if you die, I’ll die with you.’” She says she told her son to relax. “My legs would tremble, and I would grab on to tree roots. There was a moment when the river was too deep for me. I saw my son put a child on his shoulders and he told me, ‘Mom, I am going to help. Don’t worry, I am okay.’”

    “I regret putting my son through this jungle of hell so much that I have had to cry to let it all out because I risked his life and mine,” she adds, gazing toward the river.

    The boats struggle to float, each too weighed down by passengers in the shallow water of the dry season. Only when some migrants get out to push can they progress, and even that causes a jam. They pass a human skull on a log. And an hour down the river, they arrive in Bajo Chiquito, the first immigration station in Panama, where they are offered first aid, basic services and are processed by authorities.

    The government-run station is not designed for this many. Processing is meant to take a matter of hours before they are moved to camps while they await passage onwards to Costa Rica, Panama’s neighbor to the north. But many are stuck here with the backlog. Sodas cost $2. Some hurriedly buy new shoes or flip-flops for $5.

    Even if you are lucky enough to leave this crowded center, there is no respite. Panamanian authorities are keen to show us two migration reception centers, which wildly differ.

    One is San Vicente, a recently renovated facility with windows, clean beds, and plumbing, that separates women from men. Water springs from the faucets and shade from the sun is plentiful. The only complaints we hear are between different nationalities about who is treated better. But it hasn’t always been this nice.

    The camp was mentioned in a UN report released in December of last year, which strongly criticized the conditions in Panamanian immigration centers and even accused Panamanian officials of soliciting sexual favors from migrants in exchange for a seat on the buses headed north.

    According to the report, the UN received complaints that employees from the SNM [National Migration Service of Panama] and SENAFRONT, the Panamanian national border force, “requested sexual exchanges from the women and girls housed in the San Vicente Migration Reception Center who lack the money to cover the aforementioned transportation costs, with the promise of allowing them to get on the coordinated buses by the Panamanian authorities so that they can continue their journey to the border with Costa Rica.”

    The Panamanian government did not respond to CNN’s request for comment on allegations that SNM and SENAFRONT employees sexually exploited women and girls at San Vicente.

    The other camp, called Lajas Blancas, is an extension of the migrants’ suffering. There, the next day, we meet Manuel and Tamara again.

    Lajas Blancas also cannot cope with the numbers. Lines form for lunch, yet a loudspeaker soon says portions have finished. The couple got here early in the morning, walking at night from Bajo Chiquito. Now they are reeling from how poor the conditions are in this place they have fought to reach. Buses go from here to the border if you have the money.

    “When I got here in the early morning, only four buses left,” Manuel says. Next to him, one of his sons vomits onto the plastic mattress they are all trying to rest on. “The oldest, 5-year-old, has diarrhea, fever and [has been] throwing up since yesterday. Our 1-year-old has heat stroke. All that we want is a bus,” he says.

    Other migrants have endured weeks at the camp, some even working as cleaners in filthy conditions to earn a seat on a bus. “They put us to clean two weeks ago,” said a Colombian man of the camp, which is run by SENAFRONT. “But the buses came last night, and they took everyone with money.”

    SENAFRONT did not reply to CNN’s request for comment regarding the conditions at Lajas Blancas.

    A pregnant woman adds: “We’ve been here for nine days. I’ll be close to giving birth here. They don’t give us answers. They have us working and don’t give us a ‘yes, it’s [time] for you to leave.’ In the end, they lie to us.”

    Diarrhea, lice, colds – the complaints grow. They point towards the appalling hygiene of the shower blocks, where dirty water just drains onto the ground outside. The nearby wash basins are worse: no water and human feces on the floor.

    “The whole point of surviving the jungle was for an easier way forwards, and now all we are is stuck,” says Manuel. “I was starting to have nightmares. My wife was the strong one. I collapsed.”

    Their dream of freedom must wait, for now replaced by servitude to a system designed to make them pay, wait, and risk – each in enough measure to drain their cash slowly from them, and keep them moving forward to the next hurdle.

    [ad_2]

    Source link

  • The cream-cheese-stuffed bagel is here | CNN Business

    The cream-cheese-stuffed bagel is here | CNN Business

    [ad_1]


    New York
    CNN
     — 

    In the 1990s, Pizza Hut unveiled an important cheese-in-bread innovation, the stuffed crust pizza. Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream cheese.

    But unlike stuffed-crust pizzas, the bagel is filled with cheese after it is baked, making it more of a cream cheese bagel donut, if not in spirit then at least in form.

    The bagels are “baked fresh daily and then cooled to be individually stuffed with Philly’s signature cream cheese one at a time,” according to Jay Rushin, CEO of H&H. “H&H Bagels use a pastry tool to pipe in the Philly cream cheese by hand,” he added. “The process leaves very small holes where the insertions are made, similar to a jelly donut.”

    The obvious question, as is often the case with food mash-ups, is why. What’s so wrong with slicing a bagel and slathering on a healthy amount of cream cheese? Why must we pre-cheese the bagel? Because, Philly owner Kraft Heinz and H&H say, the simple acts of cutting and spreading are taxed, at least in New York.

    “New York City may be the bagel capital of the world, but its residents incur a ludicrous ‘bagel tax’ each time they opt to purchase a bagel that’s sliced and schmeared with cream cheese,” the companies said in a release.

    That’s true, sort of. New York doesn’t have a specific bagel tax, explained Ryan Cleveland, a representative of the New York State Department of Taxation and Finance. But certain food products, including baked goods, are tax exempt, while prepared foods are not.

    “It’s when a bagel becomes a sandwich or a prepared food that it then becomes taxable,” he said. In New York City, food sold at restaurants is taxed at 8.875%.

    Philadelphia and H&H plan to skirt this rule with the stuffed bagel, which is available at H&H’s Manhattan locations for $1.90 each, from Friday through Tax Day on Tuesday, April 18; and also online.

    “In today’s landscape, people are juggling enough hurdles, and having to pay an extra tax to enjoy their favorite bagel with Philly cream cheese should simply not be one of them,” said Keenan White, senior brand manager of Philadelphia cream cheese, in a statement.

    White and Kraft Heinz

    (KHC)
    may well care about their customers’ tax payments. But for food companies, marketing stunts are about creating buzz and staying at the forefront of customers’ minds when they visit the supermarket — or bagel shop.

    Kraft in particular has in recent years been leaning into questionable combinations, like the Velveeta Martini and a hot dog flavored popsicle, to promote its brands and get attention.

    Philadelphia cream cheese, which struggled with shortages in the past, turned that issue into a marketing opportunity as well. There’s no problem with supply now, according to the brand.

    [ad_2]

    Source link

  • Fuzzy first photo of a black hole gets a sharp makeover | CNN

    Fuzzy first photo of a black hole gets a sharp makeover | CNN

    [ad_1]

    Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more.



    CNN
     — 

    The first photo ever taken of a black hole looks a little sharper now.

    Originally released in 2019, the unprecedented historic image of the supermassive black hole at the center of the galaxy Messier 87 captured an essentially invisible celestial object using direct imaging.

    The image presented the first direct visual evidence that black holes exist, showcasing a central dark region encapsulated by a ring of light that looks brighter on one side. Astronomers nicknamed the object the “fuzzy, orange donut.”

    Now, scientists have used machine learning to give the image a cleaner upgrade that looks more like a “skinny” doughnut, researchers said. The central region is darker and larger, surrounded by a bright ring as hot gas falls into the black hole in the new image.

    In 2017, astronomers set out to observe the invisible heart of the massive galaxy Messier 87, or M87, near the Virgo galaxy cluster 55 million light-years from Earth.

    The Event Horizon Telescope Collaboration, called EHT, is a global network of telescopes that captured the first photograph of a black hole. More than 200 researchers worked on the project for more than a decade. The project was named for the event horizon, the proposed boundary around a black hole that represents the point of no return where no light or radiation can escape.

    To capture an image of the black hole, scientists combined the power of seven radio telescopes around the world using Very-Long-Baseline-Interferometry, according to the European Southern Observatory, which is part of the EHT. This array effectively created a virtual telescope around the same size as Earth.

    Data from the original 2017 observation was combined with a machine learning technique to capture the full resolution of what the telescopes saw for the first time. The new, more detailed image, along with a study, was released on Thursday in The Astrophysical Journal Letters.

    “With our new machine learning technique, PRIMO, we were able to achieve the maximum resolution of the current array,” said lead study author Lia Medeiros, astrophysics postdoctoral fellow in the School of Natural Sciences at the Institute for Advanced Study in Princeton, New Jersey, in a statement.

    “Since we cannot study black holes up-close, the detail of an image plays a critical role in our ability to understand its behavior. The width of the ring in the image is now smaller by about a factor of two, which will be a powerful constraint for our theoretical models and tests of gravity.”

    Medeiros and other EHT members developed Principal-component Interferometric Modeling, or PRIMO. The algorithm relies on dictionary learning in which computers create rules based on large amounts of material. If a computer is given a series of images of different bananas, combined with some training, it might be able to tell if an unknown image does or doesn’t contain a banana.

    Computers using PRIMO analyzed more than 30,000 high-resolution simulated images of black holes to pick out common structural details. This allowed the machine learning essentially to fill in the gaps of the original image.

    “PRIMO is a new approach to the difficult task of constructing images from EHT observations,” said Tod Lauer, an astronomer at the National Science Foundation’s National Optical-Infrared Astronomy Research Laboratory, or NOIRLab. “It provides a way to compensate for the missing information about the object being observed, which is required to generate the image that would have been seen using a single gigantic radio telescope the size of the Earth.”

    Black holes are made up of huge amounts of matter squeezed into a small area, according to NASA, creating a massive gravitational field that draws in everything around it, including light. These powerful celestial phenomena also have a way of superheating the material around them and warping space-time.

    Material accumulates around black holes, is heated to billions of degrees and reaches nearly the speed of light. Light bends around the gravity of the black hole, which creates the photon ring seen in the image. The black hole’s shadow is represented by the dark central region.

    The visual confirmation of black holes also acts as confirmation of Albert Einstein’s theory of general relativity. In the theory, Einstein predicted that dense, compact regions of space would have such intense gravity that nothing could escape them. But if heated materials in the form of plasma surround the black hole and emit light, the event horizon could be visible.

    The new image can help scientists make more accurate measurements of the black hole’s mass. Researchers can also apply PRIMO to other EHT observations, including those of the black hole at the center of our Milky Way galaxy.

    “The 2019 image was just the beginning,” Medeiros said. “If a picture is worth a thousand words, the data underlying that image have many more stories to tell. PRIMO will continue to be a critical tool in extracting such insights.”

    [ad_2]

    Source link