Latest news with #Apollo
Boston Globe
2 hours ago
- Politics
- Boston Globe
Today in History: The Seneca Falls Convention
Advertisement In 1848, the first 'Convention to discuss the social, civil, and religious condition and rights of Woman' convened at the Wesleyan Chapel in Seneca Falls, N.Y. In 1969, Apollo 11 and its astronauts —Neil Armstrong, Edwin 'Buzz' Aldrin, and Michael Collins —went into orbit around the moon. In 1975, the Apollo and Soyuz space capsules that were linked in orbit for two days separated. In 1979, the Nicaraguan capital of Managua fell to Sandinista guerrillas, two days after President Anastasio Somoza fled the country. In 1980, the Moscow Summer Olympics began, minus dozens of nations that were boycotting the games because of Soviet military intervention in Afghanistan. In 1989, 111 people were killed when United Air Lines Flight 232, a DC-10 which sustained the uncontained failure of its tail engine and the loss of hydraulic systems, crashed while making an emergency landing at Sioux City, Iowa; 185 other people survived. Advertisement In 1990, baseball's all-time hits leader, Pete Rose, was sentenced in Cincinnati to five months in prison for tax evasion. In 1993, President Bill Clinton announced a policy allowing gays to serve in the military under a compromise dubbed 'don't ask, don't tell, don't pursue.' In 2006, prosecutors reported that Chicago police beat, kicked, shocked, or otherwise tortured scores of Black suspects from the 1970s to the early 1990s to try to extract confessions from them. In 2005, President George W. Bush announced his choice of federal appeals court judge John G. Roberts Jr. to replace Supreme Court Justice Sandra Day O'Connor. (Roberts ended up succeeding Chief Justice William H. Rehnquist, who died in September 2005; Samuel Alito followed O'Connor.) In 2013, in a rare and public reflection on race, President Barack Obama called on the nation to do some soul searching over the death of Trayvon Martin and the acquittal of his shooter, George Zimmerman, saying the slain Black teenager 'could have been me 35 years ago.' In 2018, a duck boat packed with tourists capsized and sank in high winds on a lake in the tourist town of Branson, Missouri, killing 17 people. In 2021, Paul Allard Hodgkins, a Florida man who breached the U.S. Senate chamber on Jan. 6, 2021, carrying a Trump campaign flag, received an eight-month prison term in the first resolution of a felony case arising from the US Capitol insurrection. (In 2025, President Donald Trump pardoned, commuted the prison sentences, or vowed to dismiss the cases of all 1,500-plus people charged with crimes in the riot.) Advertisement In 2022, Britain
Straits Times
4 hours ago
- Business
- Straits Times
Apollo, Ares eye bigger role backing sports leagues, teams
Find out what's new on ST website and app. Apollo has already signed a number of sports deals through existing pools of capital, including issuing loans to football teams such as Nottingham Forest. NEW YORK – Apollo Global Management Inc. and Ares Management Corp. are both pushing deeper into sports investing, the latest multibillion-dollar alternative asset managers to put more money into the booming sector. Ares has begun talking to investors about a new media and entertainment fund designed for individuals, a departure from the traditionally exclusive nature of sports finance. The semi-liquid fund will target both debt and equity investments across sports leagues and businesses. Meanwhile, Apollo is considering creating a permanent capital vehicle dedicated to sports finance, a structure that would allow for longer-term and strategic investments in the industry. The fund would primarily lend to professional sports teams and leagues, with the option to take equity positions. Alts managers like Ares and Apollo have been pouncing on opportunities to invest in sports teams, boosted by the National Football League's landmark decision last year to allow private equity firms to own teams. In May, Bloomberg reported that a group of professional sports team insiders, including billionaire Dallas Mavericks minority owner Mark Cuban, were launching a private equity fund aimed at taking small stakes in pro sports teams. Arctos Partners, CVC Capital Partners and Ares have also been investing in leagues and teams, while Elliott Management Corp. and Oaktree Capital Management took ownership of football clubs after owners defaulted on their loans. The Ares fund will align with its push to reach individual investors and came in response to growing demand from financial advisers seeking to expose their retail clients to the asset class. Ares aims to capture US$100 billion in assets from individual investors by 2028, an area that makes up 8% of its US$546 billion asset base. If successful, the initiative could generate an estimated US$600 million in management fees, it said. Los Angeles-based Ares has also been ramping up its investments in sports, buying stakes in the NFL's Miami Dolphins and other teams and closing its first fund dedicated to the strategy in 2022 with US$3.7 billion. Meanwhile, New York-based Apollo has already signed a number of sports deals through existing pools of capital, including issuing loans to football teams such as Sporting Lisbon and Nottingham Forest. 'While sports teams, clubs and leagues often draw much of the attention, we believe the broader potential ecosystem of sports, media and entertainment investing is significant and underpenetrated,' Ares has said on its website. The firm has estimated the total investment opportunity in 'adjacent strategies' could be as much as US$2.5 trillion. BLOOMBERG
Yahoo
10 hours ago
- Business
- Yahoo
Here's when a top economist says the US will see the most damage from Trump's tariffs
Damage from Donald Trump's tariffs will be felt in the next few months, Apollo's Torsten Sløk says. Apollo's top economist expects inflation to peak due to tariffs by November or December. The Fed is unlikely to cut interest rates until it surveys the extent of the impact, he said. Apollo's chief economist says the most damage from Donald Trump's trade war will be felt in the economy sometime around the end of the year. Torsten Sløk said he thinks that the sweeping tariffs the president announced this year will push prices higher until inflation reaches a peak in November or December. Speaking to Bloomberg this week, Sløk pointed to consensus inflation expectations, which show inflation rising through the last two months of the year. Inflation, meanwhile, is already starting to "lift-off" in consumer goods, he said. The latest consumer price index report showed that prices for durables grew 0.7% year-over-year in June, the second-straight month of growth after more than two years of annualized declines. The headline number also drifted higher, hitting 2.7%, from 2.4% in May. Services inflation, which accounts for 60% of the CPI, will likely take off soon as well, Sløk said. He pointed to the impact of Trump's mass deportations on wage growth, which raises employment costs for businesses and can cause prices to rise as well. "They need to wait to see the peak. And we have really only had the take-off stage," he said of the Fed and inflation Hotter inflation spells bad news on two fronts, Sløk said: The Fed is unlikely to cut interest rates. Central bankers will want to assess the peak damage from Trump's tariffs before loosening monetary policy more meaningfully, he said. It could be the start of a stagflation shock. In a previous note to clients, Sløk said he believed the US was already beginning to see a stagflation shock, a situation where inflation rises while economic growth slows. Economists have described stagflation as one of the worst-case scenarios for the economy, as the Fed can't cut rates to boost economic growth without fanning inflation. Stagflation could cause GDP growth in 2025 could more than halve from its peak last year, Sløk estimated in a recent whitepaper. Inflation could also remain around 3% throughout 2025, while the unemployment rate could rise over the next two years, he predicted, based on where tariffs stood in June. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
12 hours ago
- Entertainment
- Yahoo
Longtime KFDX, KJTL cameraman retires
WICHITA FALLS (KFDX/KJTL) — After more than six decades, longtime KFDX and KJTL cameraman Steve Corbitt is calling it a career. 'I've already retired once, so this is my second retirement,' Corbitt said. 'This is official, official, especially according to my wife. I'm about ready to settle back and enjoy life with my wife and family, and my dogs. There are several things that we would like to do together, and, better do it now while I still can.' For the last 61 years, Corbitt has worked in a handful of different fields. 'An awful lot of it has been news coverage,' Corbitt said. 'But an awful lot of it has been production, commercials, politicals.' Corbitt's career began in the 1960s in his hometown of Wichita Falls. After a few years, he made the move to the Texas Gulf Coast, joining the team at KPRC in Houston in his early 20s. 'There was a lot of amazing things that happened to me early on because of KPRC,' Corbitt said. 'We did several ball games out of the Astrodome. The Astrodome at that time was brand new. The big new wonder of the world. Some of us wound up covering George Wallace. Some of us also ended up covering the racial problems in the South. The Vice President of the United States at that time came to Houston, and we covered that. There was a lot of history being made at that time.' Speaking of history, KPRC provided national and international news coverage of every NASA space mission, from Gemini 4 in 1965 to the Challenger explosion in 1986, and every single Apollo mission in between. 'The first time that they actually put a crew together to go out to NASA and everything, I got left off of it,' Corbitt said. 'So I wasn't very happy about that.' But all of that changed in 1970, when Corbitt was a part of arguably NASA's greatest moment. 'Apollo 13, NBC was the pool situation for all three networks,' Corbitt said. 'And an old-time director, Jack Dillon, for NBC, recommended that I be the lighting director on it.' Corbitt and his fellow KPRC crewmembers headed to Los Angeles, then to Hawaii, and ultimately, Pearl Harbor. Before Apollo 13 even left Earth's atmosphere, Corbitt and his team boarded the USS Iwo Jima. While astronauts Jim Lovell, Fred Hays, and Jack Swaggart were preparing for their mission to the moon, Corbitt and the team from KPRC had a mission of their own. 'Our remote trucks for video and everything else, and a lighting truck, and all that, they were all pulled into the hangar bay. They were all parked down there,' Corbitt said. 'We had to assemble a studio in their hangar bay. That's lights, that's everything, control room, and video tape machines. Video tape machines in those days were as big as that news desk.' It's one thing to build an entire working studio on solid ground. It's another thing entirely to build one on an aircraft carrier while being at the mercy of the South Pacific Ocean. 'On the way, we also went through three days of a typhoon, which was no fun,' Corbitt said. The KPRC team wasn't the only crew looking adversity in the face. For days, Americans bowed their heads, hoping and praying that the three astronauts aboard the Apollo 13 would make it home safe. Then, on April 11, 1970, the Command Module re-entered the Earth's atmosphere, going radio silent for what felt like an eternity. 'We get to the pickup zone,' Corbitt said. 'Communication wasn't like it is now, and they were saying they didn't know if they were alive or not. All of our cameras were trained on the UDT team, and everything out there opening up and all this.' With the world watching, thanks to Corbitt and his team, an entire nation breathed a sigh of relief and rejoiced when the three astronauts emerged from the Apollo 13 Command Module. 'It was a shock to us that they were alive because they'd lost transmission on their way back, and that's the last we heard of them,' Corbitt said. 'They all come out, and we're just very happy. Extremely. Then, we had to turn around and come back.' Even now, some 55 years later, Apollo 13 was the highlight of Corbitt's long, incredible career. 'That stands out as one of the most prominent things, you know. I was so young. That normally doesn't happen,' Corbitt said. 'I felt like I was a part of history.' Corbitt spent the next several decades in production, film, and photography across Texas, and even beyond, before returning home to Wichita Falls. 'The reason why I came back is because, you know, family,' Corbitt said. In 2005, Corbitt joined the KFDX family, first as a photojournalist, then moving to the studio, where he's played a number of roles on the production team. Of course, Texoma probably knows him best from his cameos on the morning show. Things are going to be different around the studio in the mornings without Corbitt, and it goes without saying, he will certainly be missed. 'I think my time spent here has been well-spent,' Corbitt said. 'I've met some very good people, I've worked with some really great people, and I will regret not seeing some of them every day.' 'A lot of people that I've done interviews with over the years and so on, I've gotten to become very good friends with,' Corbitt said. 'And I'm going to miss seeing them, because a lot of them come in once a week or once a month.' After a career of over 60 years, the last twenty spent here with us, from the entire KFDX, KJBO, Texoma's Fox, and Texoma's Homepage family, thank you, Steve, and congratulations on a well-deserved retirement. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
13 hours ago
- Business
- Yahoo
Here's when a top economist says the US will see the most damage from Trump's tariffs
Damage from Donald Trump's tariffs will be felt in the next few months, Apollo's Torsten Sløk says. Apollo's top economist expects inflation to peak due to tariffs by November or December. The Fed is unlikely to cut interest rates until it surveys the extent of the impact, he said. Apollo's chief economist says the most damage from Donald Trump's trade war will be felt in the economy sometime around the end of the year. Torsten Sløk said he thinks that the sweeping tariffs the president announced this year will push prices higher until inflation reaches a peak in November or December. Speaking to Bloomberg this week, Sløk pointed to consensus inflation expectations, which show inflation rising through the last two months of the year. Inflation, meanwhile, is already starting to "lift-off" in consumer goods, he said. The latest consumer price index report showed that prices for durables grew 0.7% year-over-year in June, the second-straight month of growth after more than two years of annualized declines. The headline number also drifted higher, hitting 2.7%, from 2.4% in May. Services inflation, which accounts for 60% of the CPI, will likely take off soon as well, Sløk said. He pointed to the impact of Trump's mass deportations on wage growth, which raises employment costs for businesses and can cause prices to rise as well. "They need to wait to see the peak. And we have really only had the take-off stage," he said of the Fed and inflation Hotter inflation spells bad news on two fronts, Sløk said: The Fed is unlikely to cut interest rates. Central bankers will want to assess the peak damage from Trump's tariffs before loosening monetary policy more meaningfully, he said. It could be the start of a stagflation shock. In a previous note to clients, Sløk said he believed the US was already beginning to see a stagflation shock, a situation where inflation rises while economic growth slows. Economists have described stagflation as one of the worst-case scenarios for the economy, as the Fed can't cut rates to boost economic growth without fanning inflation. Stagflation could cause GDP growth in 2025 could more than halve from its peak last year, Sløk estimated in a recent whitepaper. Inflation could also remain around 3% throughout 2025, while the unemployment rate could rise over the next two years, he predicted, based on where tariffs stood in June. Read the original article on Business Insider Sign in to access your portfolio
