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Yahoo
25 minutes ago
- Yahoo
NEWS OF THE WEEK: Man claiming to be Jay-Z's secret son drops lawsuit
According to court documents obtained by Us Weekly, Rymir Satterthwaite filed a notice of withdrawal with the court. Over the weekend, he posted a video on social media where he addressed the withdrawal. He said, "It has been a crazy couple of weeks. I have not stopped my fight.". "I did withdraw my case," he explained, going on to claim that there was "a lot going on behind closed doors". "We got to step back and play chess, not checkers.". Jay-Z has previously shared that Satterthwaite was hit with an injunction in 2022 for filing so many "frivolous" court filings.


New York Times
27 minutes ago
- New York Times
There Was a Young Woman Who Lived in a Shoe
DWELLING, by Emily Hunt Kivel In the New York of Emily Hunt Kivel's beautifully radical debut novel, 'Dwelling,' tenants find themselves out on the streets thanks to the mayor's 'Revitalization' project, wherein landlords are incentivized to turn their apartments into the equivalent of state-mandated Airbnbs. To readers living in metropolitan areas afflicted with their own housing crises, this premise will not seem implausible. 'The actions had all been engineered to seem so gradual,' Kivel writes, 'even banal.' We learn of the cash-strapped mayor's 'landmark deal with the world's leading vacation rental company,' the lifting of eviction restrictions and rent regulations, federal grants for urban restoration. We learn that 'prices went up. Apartments crumbled down. … No one seemed to understand how, or why, or when to fight it. And who had the time? Who had the money to save money?' Among the evicted is Evie, a 29-year-old graphic designer. With both parents dead and a younger sister, Elena, in a mental institution in Colorado, her first instinct is to ask her boss for a raise so she can put a down payment on a house. Naturally, she is turned down ('this isn't just happening to you,' her boss says; 'I don't own either'). She stores her possessions in her landlady's basement instead and hitches a flight to the fictional town of Gulluck, Texas. There, she is put up by a distant maternal cousin, Terry, who, as luck would have it, works in real estate. With Terry's help — and I implore you to read the following with a straight face — Evie moves into a house shaped like a shoe, has a spiritual revelation while looking at an old, giant fish, begins dating a locksmith named Bertie, decides to become a cobbler, is inducted into an International Grand Shoemaking Association peopled by immortal beings once employed by Voltaire and Cortés, and learns of a prophecy that will change the trajectory of her life. Kivel's magical realist plot can be described as a series of ordinary ideas taken to their logical extreme. Robbed of housing and with little money to her name, Evie moves into the only available, affordable property she can find. She takes up shoemaking in response to the organic demand of her community, whose members show up at her doorstep expecting this service daily. The novel sustains the same cool, free-indirect prose across both its social realist beginning and the more fantastical plot that follows, making the latter feel wholly natural. Want all of The Times? Subscribe.


New York Times
27 minutes ago
- New York Times
Capitalists Love This Podcast. So Do Their Critics.
On a recent Thursday evening at Racket NYC, a music venue in Chelsea that typically features the high-decibel likes of Faster Pussycat and King Lil G, the mostly male, mostly younger standing-room-only crowd was wearing a lot of button-down shirts. It had come for an evening of economic and markets talk. The Bloomberg podcast 'Odd Lots'— hosted by the journalists Joe Weisenthal, 44, and Tracy Alloway, 41 — was putting on a live event. The first guest to go onstage was Charlie McElligott, an exuberantly bearded managing director of cross-asset macro strategy at the Japanese investment bank Nomura. Despite the global chaos of tariffs, war and technological and political disruption, Mr. Weisenthal noted, stocks were at an all-time high. 'You have to admit,' he goaded Mr. McElligott, 'it's kind of weird.' Mr. McElligott rattled off a sophisticated analysis of the state of the market using lots of Wall Street-isms. ('With the amount of short-dated volatility selling, when dealers are stuffed on gamma, it compresses the distribution of outcomes.') The audience listened raptly. Many people there were finance professionals, but even those who weren't could feel that they had received a sophisticated analysis. Part of the appeal of 'Odd Lots' is a privileged sense of eavesdropping while insiders talk to one another without dumbing anything down. Turbulence was an overriding theme of the evening, with guests including Nassim Taleb, a contrarian investor and author ('I don't think we are experiencing real volatility'); Emily Sundberg, a Substack influencer ('one thing that's very clear about Gen Z is that they've been repeatedly told nobody is coming to save you'); and Jim Chanos, a noted short seller ('the animal spirits are definitely back'). Even a panel of experts on U.S. government bonds, normally one of the most boring areas of finance, enthralled the crowd by making sense of volatility in the prices of Treasury bills. 'Odd Lots' would later air this discussion as an episode titled 'The Greatest Ever Panel on the World's Most Important Market.' Want all of The Times? Subscribe.