Connect with us

News

Rupert Murdoch, last of the old romantics

Published

on

Rupert Murdoch, last of the old romantics

You’re solely as outdated as the girl you’re feeling. Or so goes the outdated joke. One assumes the media nonagenarian Rupert Murdoch, newly betrothed to the comely Ann Lesley Smith, 26 years his junior, have to be feeling positively spry this week.

In an unique interview provided to the New York Submit, certainly one of his personal papers, the 92-year-old shared with the Web page Six columnist Cindy Adams his expectations relating to marriage quantity 5. He proposed with an Asscher-cut solitaire diamond, on St Patrick’s Day, following a whirlwind romance. “I used to be very nervous,” he informed Adams in an odd staccato that seems like somebody studying from a wartime telegram. “I dreaded falling in love — however I knew this may be my final. It higher be. I’m blissful.”

Smith, a former journalist, recording artist and San Francisco police chaplain, was sanguine about discovering love at 66. “In perspective, it’s not my first rodeo,” she informed Adams. “Getting close to 70 means being within the final half. I waited for the suitable time. Mates are blissful for me.”

Adams, who’s 92 herself, avoided declaring that Murdoch should absolutely be in his final tenth. 

Extra considerably, the engagement as soon as once more reminds us how very small the world is when you find yourself one of many ultra-rich. One of many earliest sightings of the couple was in January, whereas they have been holidaying in Barbados, on the invitation of Lord and Girl Bamford, the couple who’ve emerged as chief consiglieri to the worldwide energy elite. Lord Bamford, whose fortune was made via the JCB development equipment enterprise, is a significant Tory donor, and his household has made obtainable varied lodging for the previous prime minister Boris Johnson and his spouse Carrie lately. The Bamfords’ house of Daylesford Home in Gloucestershire was used as a venue for the couple’s wedding ceremony reception, and the Johnsons stayed at one other property owned by Girl Bamford following Johnson’s departure from Quantity 10.

Advertisement

From their base within the Cotswolds, the Bamfords sit on the centre of a captivating energy nexus that features former Conservative leaders, lower-ranking nobles and media professionals, together with Murdoch’s long-term henchwoman Rebekah Brooks. When the enterprise database at Daylesford Natural, Carole Bamford’s luxurious meals firm, was focused by Russian criminals final September and held for ransom, the contacts e book provided an illuminating checklist of patrons, together with the columnist, petrolhead and farmer Jeremy Clarkson, the Duchess of York and “nationwide treasure” Sir David Attenborough.

Murdoch, whose private fortune is estimated at some $21.7bn, presumably has no name for Bamford largesse when planning his summer time nuptials. However then once more, I wouldn’t be stunned. Had been I an enterprising singleton in the hunt for somebody in possession of a colossal fortune, I might get myself to Daylesford and loiter close to the cheddar aisle.

Murdoch’s resolution to get married after so brief and candy a courtship is seemingly a manifestation of his spiritual leanings: he prefers to be married than thus far. It additionally makes for a quite endearing portrait of a person hooked on the romantic journey. Certainly, at 92, one could be finest suggested to maintain a mistress, if solely to keep at bay future disputes relating to one’s property? It appears incomprehensible that Murdoch could be ready to show his fortune to one more beneficiary.

Then once more, Murdoch’s divorce preparations stay a thriller, and that could be by design. It has grow to be the stuff of fantasy that he paid out $1.7bn to Anna Murdoch Mann, the mom of Elisabeth, James and Lachlan (at the moment co-chairman of Information Corp), on their divorce in 1999. That reported quantity, nonetheless, could also be improper. In the meantime, subsequent experiences say Murdoch gave his first 4 youngsters $100mn-$150mn funds with a purpose to get his two daughters with Wendi Deng included within the Murdoch belief. The belief of six will in the end share the inheritance.

Advertisement

One imagines that, at 92, there are fewer issues that this new union would require the belief to develop once more. Then once more, followers of Succession, which returns to screens this weekend (hallelujah), will likely be fast to notice that billionaire media barons are able to fertility miracles. Jesse Armstrong’s fictional examine of the conglomerate Waystar Royco and its dynastic struggles final discovered its boorish patriarch Logan Roy more and more yielding to the ministrations of his PA and confidante Kerry Castellabate. Particularly, there was a lot consternation that she was encouraging him to drink an odd sperm-enhancing elixir produced from maca root.

Logan Roy’s romantic conquests are far much less demonstrative than Rupe’s. However have been I Elisabeth, Lachlan, James, Prudence, Grace or Chloe, I’d regulate what goes in these celebratory aperitifs.

E-mail Jo at jo.ellison@ft.com

Discover out about our newest tales first — observe @ftweekend on Twitter

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

US Senate passes $95bn bill including aid for Ukraine

Published

on

US Senate passes $95bn bill including aid for Ukraine

Unlock the Editor’s Digest for free

The US Senate has approved a $95bn bill to deliver security aid to Ukraine, Israel and the Indo-Pacific region with overwhelming bipartisan support, in a boost to Joe Biden’s top foreign policy priorities.

The final passage of the legislation in Congress on Tuesday ended a political logjam that had lasted for months and paved the way for Washington to quickly dispatch new weapons to Ukraine as it battles Russia’s full-scale invasion. US officials said some aid for Kyiv would be forthcoming within days.

The bill will also bolster US military assistance for Israel — which has exchanged drone attacks and missile strikes with Iran over the past 10 days — and comes despite mounting tensions between the White House and Israeli leaders over the country’s war in Gaza against Hamas and the heavy Palestinian civilian casualties.

Advertisement

The approval represents a legislative victory for Biden as he faces an election match-up against Donald Trump in November and a defeat for foreign policy isolationists, particularly Republican lawmakers close to the former president, who had been holding up support for Kyiv for months.

The bill won support from 79 senators, with 18 voting against.

Biden immediately cheered the bill’s passage, saying he would sign it on Wednesday. Aid could start reaching Ukraine as early as this week. “Congress has passed my legislation to strengthen our national security and send a message to the world about the power of American leadership: we stand resolutely for democracy and freedom, and against tyranny and oppression.”

John Kirby, the White House National Security Council spokesperson, said: “Mr Putin thinks he can play for time, so we’ve got to try to make up some of that time.”

Ukraine’s President Volodymyr Zelenskyy also thanked the US Senate shortly after the vote, which he said “reinforces America’s role as a beacon of democracy and leader of the free world”.

Advertisement

Zelenskyy emphasised the importance of long-range capabilities, artillery and air defence systems. Dwindling stocks of anti-air missiles have in recent weeks allowed Russian forces to launch wide-ranging missile attacks targeting Ukraine’s energy infrastructures.

The highest hurdle for the bill was cleared on Saturday after Mike Johnson, the Republican Speaker of the House of Representatives, decided to bring Ukraine aid up for a vote despite months of internal divisions and opposition from some rank-and-file lawmakers such as Marjorie Taylor Greene of Georgia, who threatened to oust him from his role.

Supporters of the legislation from both parties and in the White House saw its passage as a bittersweet victory because of the time it took for it to pass Congress.

“So much of the hesitation and short-sightedness that has delayed this moment is premised on sheer fiction,” Mitch McConnell, the Republican Senate minority leader, said on Tuesday, blaming Tucker Carlson, the former Fox News host who recently interviewed Russian President Vladimir Putin in Moscow, for “demonising” Ukraine.

“Make no mistake: delay in providing Ukraine the weapons to defend itself has strained the prospects of defeating Russian aggression. Dithering and hesitation have compounded the challenges we face,” McConnell said.

Advertisement

Opponents of Ukraine aid continued to attack the legislation. JD Vance, the Ohio Republican senator close to Trump, likened the arguments in favour of the aid to those that led to the US invasion of Iraq in 2003. “It’s the same exact talking points 20 years later with different names,” Vance said.

Some leftwing lawmakers, meanwhile, criticised the bill for allowing Israel to keep receiving offensive weapons from the US. Bernie Sanders, the Vermont senator, pushed for an amendment to strip those measures from the legislation, but it was not considered.

Sanders joined two Democrats and 15 Republicans who opposed the package.

“I voted no tonight on the foreign aid package for one simple reason: US taxpayers should not be providing billions more to the extremist Netanyahu government to continue its devastating war against the Palestinian people,” he said.

Advertisement
Continue Reading

News

How voters from different economic sectors see the 2024 election : Consider This from NPR

Published

on

How voters from different economic sectors see the 2024 election  : Consider This from NPR

You’re reading the Consider This newsletter, which unpacks one major news story each day. Subscribe here to get it delivered to your inbox, and listen to more from the Consider This podcast.

Four Americans representing four different perspectives on the U.S. economy.

Courtesy of Arch City Defenders, Winton Machine Company, Bhavesh Patel and the Just One Project


hide caption

Advertisement

toggle caption

Courtesy of Arch City Defenders, Winton Machine Company, Bhavesh Patel and the Just One Project


Four Americans representing four different perspectives on the U.S. economy.

Courtesy of Arch City Defenders, Winton Machine Company, Bhavesh Patel and the Just One Project

All Things Considered has been speaking with four “American Indicators” since 2021. They’re four people in different parts of the country reflecting different parts of the economy. Now that it’s an election year, they spoke with NPR again — this time, to talk about how the economy is shaping their own politics.

Advertisement

1. Travel

Bhavesh Patel is a franchise hotel owner, like Comfort Inn in the Northeast United States.

When he first spoke with NPR in 2021, the country was beginning to emerge from the pandemic recession. At the time, he owned seven hotels in Pennsylvania, New Jersey and Illinois. In the years since, he has had to downsize.

“We sold off three properties, so we’re down to four now.”

Patel says his line of hotels has continued to struggle in the wake of the pandemic, and that right now, high end hotels are doing much better as the wealth gap has continued to grow in the U.S. He’s frustrated by the increase in regulation for his business, and considers himself a moderate Republican. For now, he isn’t sure who he’ll be voting for.

2. Cost of living

Lee Camp is a housing attorney in St. Louis. In his city, he says, rents keep increasing and the availability of housing is decreasing. After witnessing a wave of clients facing eviction during the pandemic, Camp says that economic pressures have gotten worse across the board.

Advertisement

“I love my career. I love that I get to serve people and work alongside so many inspiring and amazing individuals. But the loan payments are back, and that has certainly changed our financial picture in our household.”

When Brooke Neubauer, founder of the Just One Project, the largest distributor of groceries to at-risk individuals in Nevada, looks at the economy today, she says there are plenty of jobs, but says that “what I’m hearing from my clients is that the wages have not caught up with the cost of living.”

Neubauer says that her program’s spending has gone up tremendously as the price of food has gone up as well. And for her, a candidate that values social services is a priority.

3. Manufacturing

In Georgia, Lisa Winton, co-founder of Winton Machine Company, sees herself as a pocketbook voter – not just for herself, but for the 40 people her company employs.

Winton says last year, the economy looked good — her company had their best year by 20%, a banner year. As a result, she says her company had looked into opening a second factory, but her lease on her current space nearly doubled, and they had to put those plans on hold.

Advertisement

And while her business might be doing better with the help of some Trump-era tax policies, Winton expressed that the Republican party’s shift to the right on some social issues is causing her concern.

This episode was produced by Michael Levitt and Brianna Scott. It was edited by Mallory Yu and Courtney Dorning. Our executive producer is Sami Yenigun.

Continue Reading

News

Employee non-compete agreements barred by US regulator

Published

on

Employee non-compete agreements barred by US regulator

Unlock the Editor’s Digest for free

The US Federal Trade Commission has voted to ban non-compete agreements, taking aim at contracts that limit employees’ freedom to quit for a new job at a different employer.

The regulator’s commissioners voted 3-2 on Tuesday to implement the far-reaching measure first proposed in January 2023 in a bid to avoid wage suppression and protect innovation. But the move sparked immediate legal pushback.

Non-compete agreements have become pervasive across industries, amid limited oversight and a decline in unionisation, experts say. The FTC said approximately 30mn workers are subject to such contracts, which prohibit employees from working for a competitor or setting up a competing business for a period of time or within a geographical area after they leave a job.

Advertisement

“Non-compete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new start-ups that would be created a year once non-competes are banned,” said Lina Khan, FTC chair. Non-competes constituted “unfair methods of competition”, she added.

The FTC estimated the new rule will raise an average worker’s earnings by $524 a year. The agency received more than 26,000 public comments on the matter, a sign of its importance to workers and their employers.

But the measure also inflamed industry groups that have claimed it is too drastic and will increase costs while putting trade secrets in jeopardy.

The US Chamber of Commerce announced it would sue the regulator, arguing the agency lacked constitutional and statutory authority to enact the rule, calling it a “blatant power grab” that “sets a dangerous precedent for government micromanagement of business”.

The FTC declined to comment on the chamber’s move.

Advertisement

Andrew Ferguson, one of two Republican FTC commissioners who voted against the rule, agreed with the argument that the agency lacked congressional authority to adopt the rule.

The expected lawsuit will compound the legal sparring between corporate America and regulators appointed by President Joe Biden who have ushered in tougher stances on rulemaking and enforcement.

Khan is among a new generation of progressive officials who have adopted more stringent antitrust policies in an effort to fight what they argue has been unchecked anti-competitive conduct. 

The impending litigation is also set to add uncertainty for businesses, some lawyers said.

“The question is: what are companies supposed to do now?” said Russell Beck, an attorney who sat on a working group tackling the noncompete issue during the Obama administration.

Advertisement

He said the best course of action for companies was to wait and see how the issue plays out in court. “I think there will be a slew of challenges until a judge issues a nationwide injunction prohibiting the operation of the rule.”

But Rachel Dempsey, an attorney at Towards Justice, a non-profit law firm representing employees, said in a statement that non-compete agreements “keep workers trapped at jobs with low wages and poor working conditions”.

The rule was “a historic step towards protecting workers from employer abuse and empowering them to stand up for their basic rights in the workplace”, she added.

Continue Reading

Trending