Holy Cow! Historical past: Whipping inflation, 1974-style

“… The wholesale price index – a harbinger of what’s to come on the consumer front – was up a staggering 2.3 percent last month. As a result, the wholesale price rose to 22.6 percent last year, the highest rate in a quarter century and nearly double the increase in family living costs.”

Sounds like news snatched from today’s headlines. Those words came from a news article, all right – the New York Times, November 17, 1974.

Almost 50 years ago, America was economically in the same boat as it is today. The phrase “runaway inflation” entered the nation’s vocabulary as retail prices rose, then rose a little further, and then rose again. Worse, it seemed like there was no end in sight. Inflation had arrived, taken root and decided to stay for a while.

Over time, ever-rising prices led to the birth of another term: the “misery index.” It combined inflation and unemployment rates to catalog the damage both were doing to Americans.

Politicians are overly sensitive to economic inconveniences. With confidence in the government badly eroded by the twin debacles of the Vietnam War and the Watergate War, Washington seemed unequal to the task of fighting a serious enemy on the financial front.

Then the only president who was never elected president had an idea.

We could beat inflation by wearing buttons. No seriously. He has.

Gerald Ford was DC’s original Mr. Nice Guy. A star Michigan collegiate football player and World War II veteran, he was elected to Congress in 1948, rose through the Republican ranks, and eventually became minority leader in 1965. His dream was to end his career as Speaker of the House of Representatives. But with Democrats firmly entrenched on Capitol Hill, that seemed unlikely. (In fact, the GOP would not reclaim the house until 1994). Ford seemed destined to spend his days being just another guy in a gray flannel suit.

Then fate came into play. When President Nixon’s vice president Spiro Agnew resigned from his previous tenure as governor of Maryland because of sleaze, Ford was elected vice president. When Nixon was forced to walk the plank over Watergate, fate smiled again.

Originally popular with the public and pundits alike, President Ford’s popularity suffered a severe blow when he pardoned his predecessor for any crimes Nixon might have committed during his tenure. His approval ratings fell just as quickly as inflation drove up prices. Barely 60 days in office, Ford knew he had to act quickly to keep his presidency from sliding into a ditch.

This is where the WIN button comes into our story.

As October 1974 dawned, the new president launched his campaign to rally ordinary Americans to fight inflation. He asked her to send him her 10 suggestions to stop rising prices. (That was way before David Letterman’s top 10 comedy lists, remember.)

This was followed by a gimmick. At a joint session of Congress on Oct. 8, many Americans expected to hear details about his plans to slash back higher prices. But when they turned on their TVs that night, they saw that their president wore a bright red button with “WIN” in bold capital letters.

WIN, Ford explained, stands for Whip Inflation Now. He sought to revive the spirit of public support that had made the war effort so successful some 30 years earlier during World War II. He encouraged all Americans to wear WIN buttons as a show of solidarity.

However, the baby boomers and their Greatest Generation parents were in no mood for sacrifice. This time Hitler and Hirohito weren’t lurking offshore. Americans saw their hard-earned dollars go to faceless big business and corporations. And they wanted Washington to oppose them, rather than planting gardens and carpooling, as Ford has suggested.

Economists politely pointed out that such small public moves would do little to dampen inflation. Comedians had a great day. They drew big laughs by wearing the button backwards and explaining that “NIM” stands for “No Immediate Miracles”.

The Whip Inflation Now campaign died a quick death, killed by a combination of laughter and indifference. WIN buttons quietly went the way of Edsel, New Coke, and other classic marketing Hindenburgs.

You can still find them for sale on eBay and in antique stores.

But you’d better grab one quick; With Washington’s “spend like there’s no tomorrow” reckless fiscal policy bringing inflation back to life, its price will soon rise.

Holy cow! The story is written by writer, former television journalist, and die-hard history buff J. Mark Powell.

Knicks make NBA historical past as Fournier activates model towards Celtics

Kevin Durant has reiterated that he will not force or persuade Kyrie Irving to get vaccinated against COVID-19.

Irving had been removed from the Brooklyn Nets’ original list for the 2021-22 season because he had chosen not to receive a vaccine.

New York City’s vaccination mandate means the seven-time all-star won’t be able to play home games unless he’s vaccinated.

Irving would have been available for most of the street games, although the Nets chose not to involve him at all.

That all changed when Irving was recalled due to an exhausted squad caused by a sharp spike in COVID-19 cases and the point guard returned with a 22-point display in Wednesday’s victory over the Indiana Pacers.

Irving was unable to perform on Friday, however, as the Nets lost at home to the Milwaukee Bucks 121-109.

Durant insisted that the Nets accept Irving’s decision.

“I told him how important he is, how much I want him to play, play every game,” Durant told reporters.

“But I’m not going to force anyone to get a vaccine like that isn’t my thing. So that he can play basketball? No, I will not do that.

“We’ve had talks about him being part of the team and talks about him being here full-time, but that’s his time. Whatever decision he wants to make, he will make.

“It’s up to us to be professionals no matter what, getting our jobs done. All of us, from the owner to the device manager, so he’s always ready when he’s ready.”

In Irving’s absence, Durant and star colleague James Harden scored 29 and 16 points respectively for the Nets, but Milwaukee, inspired by Giannis Antetokounmpos’s 31 points, had too much.

“I haven’t even asked for an explanation,” Durant continued. “This is not my place, I think. So I’m ready for anything, that was my whole mentality.

“It’s a strange situation, who knows? I don’t understand most of this shit. COVID, all this stuff was crazy. “

Harden added, “It honestly felt good to have him back [on Wednesday]. It feels good. It felt like an extra life we ​​had.

“But we have to live with what we are dealing with and those are home games that we have to find and even street games.

“Just because Ky is on the road with us doesn’t mean it will be easy for us too. So we have to mesh, we have to find ways to win games.”

Buck’s talisman Antetokounmpo was asked if he would do otherwise.

“When it comes to basketball, I can talk to them,” he replied. “I have to let her make her decision. They are grown men and every situation is different.

“I can’t pressure someone to do something they’re not comfortable with. I can tell you why I did it. Why I felt comfortable doing it. To protect my family, my mother and so on go on, stay safe and you “I just hope he understands. But if he doesn’t want to, I can’t put any further pressure on him. “

From Bob Dylan to Harry Fashion, these are a few of the stars that made historical past on the Troubadour

The club became known in the late 60s and 70s for promoting new talent (it was instrumental in the careers of James Taylor, Joni Mitchell and Tom Waits, among others) and is now an important stop on the path to becoming a musical star.

The troubadour was originally conceived as a club for singer-songwriters or “modern troubadours”. as founder Doug Weston called them. The club’s status as kingmaker was consolidated over the years by the talents discovered there.

Artists like Billy Joel, Tom Waits, Joni Mitchell, Linda Rondstadt and Nina Simone played in front of an audience of fellow musicians and music managers, making their case for fame. One of the first notable singer-songwriters to step onto the troubadour stage early in his career was Bob Dylan.

In 1964 he played an impromptu jam session with a local band at a small gig for staff only, they said troubadour. Dylan became one of the most influential singers and songwriters of his generation and created a long list of famous tracks including “The Times They Are a-Changin ‘” and “Like a Rolling Stone”.

His appearance in the troubadour was the first in a long series of historic appearances by artists big and small for the next six decades.

James Taylor and Carole King

The Troubadour’s built a reputation for its influential role in the early careers of many popular artists in the 1960s and 1970s.

Because of this, it became the perfect place for musicians to meet like-minded people and build lifelong relationships.

James Taylor and Carole King, both iconic musicians for themselves, forged a lasting friendship behind the scenes of the troubadour stage. Taylor made his debut with the troubadour in 1969, a gig that meant a lot to him at the time.

“It had a real stage and a backstage, and if you did well there, people noticed and the word got around,” he said, remembering the experience. The couple met through a mutual friend and hit it off immediately, with King playing piano for Taylor and later, with his encouragement, embarking on a solo career.

Before King made her own debut with the Troubadour, she went through her setlist for Taylor and he heard a song that he instantly fell in love with. Taylor later recorded “You’ve Got a Friend” with King’s permission, and it became one of his greatest hits.

They have recognized the importance of the troubadour to their careers and friendship many times. In 2007 they gave an encore of their joint concert from 1970 in the Troubadour for the 50th anniversary of the venue. They later took this show to the streets and took their 2010 Troubadour Reunion Tour to arenas around the world.

Elton John

When the troubadour became known, many overseas performers came and set off straight away to play in front of their first American audience. It was there that Gordon Lightfoot made his US debut in 1964 and Lily Allen made her debut over 40 years later in 2006.

Perhaps most notably, Elton John was catapulted into American consciousness on six nights in August 1970 with a series of shows that began his US career. Introduced by Neil Diamond to a group of industry giants including Linda Ronstadt, Brian Williams, Stephen Stills and David Crosby, John made a serious impression and received excellent reviews from Los Angeles Times critic Robert Hilburn.

In an interview with the TimesDescribing the performances, John said, “The atmosphere during those nights at the Troubadour was electrifying. Something inside of me just took control. An idea of ​​what the concert must have felt like for those present was recreated in a scene in John’s biopic.rocket Man. “In the scene, John (played by Taron Egerton) lifts the crowd in a moment of transcendence where everything clicked.

Lenny Bruce

Although the troubadour is known for its role in finding musical legends, it has also been home to a wide variety of comedy greats. Lenny Bruce performed at the club in the early 1960s and his noisy set resulted in his arrest for profanity. His legacy and contributions to comedy were remembered almost 30 years later by his family and colleagues in a tribute event hosted by the troubadour and televised.

10 fabulous US music venues

Bruce was the first of many comedians to appear on this stage. Richard Pryor recorded his debut album there in 1968 and Steve Martin appeared there as relatively unknown.

The troubadour continues to welcome stand-up fans. Sarah Silverman, Zach Galifianakis and Dave Chappelle all played the sets on location. The club’s cult status also makes it the perfect place to host special events for cult TV shows. Abbi Jacobson and Ilana Glazer played two shows there prior to the second season of Broad City in 2014, and the cast of It’s Always Sunny in Philadelphia played their first live version of The Nightman Cometh in 2009.

Guns N ‘Roses

After its heyday in the 1970s, the troubadour had to change its tune to keep up with the country’s changing musical tastes.

Quiz: What does your favorite music say about you?

Instead of targeting folk singers and songwriters, the club began showcasing the glam rock and metal bands that dominated the 1980s. Metallica made its LA club debut in August 1982 and Warrant in 1984.

Future superstars Guns N ‘Roses made a name for themselves after playing on site Gigs in Los Angeles, even with the legendary troubadour.

The local craze put her on the radar of record manager David Geffen, whose label visited their troubadour set on June 6, 1986, and shortly thereafter signed her to a worldwide deal that made Guns N ‘Roses a household name.

Harry Styles

The troubadour kept pace with the changing musical landscape through the 1990s and beyond. Pearl Jam played their first show under the name Pearl Jam and Radiohead played their album “OK Computer” for the first time in the US. Korn, System of a Down, Franz Ferdinand and Fiona Apple also all made their debut on the troubadour stage.

In modern times the club has become the perfect place to host secret concerts or exclusive shows. Coldplay debuted on a secret show in 2005 with songs from their new album “X&Y”, and Billie Eilish played exclusively with SiriusXM and Pandora for fans of their debut album. Harry Styles made his solo US debut at the venue in 2017 with special guest Stevie Nicks in a show that celebrated the troubadour’s folk roots.

“In the Troubadour, the percussive piano began on ‘Woman’ like Elton’s ‘Bennie and the Jets’. The folky shimmer of his’ Meet Me in the Hallway ‘shimmered like Bowie’s’ Space Oddity,’ ‘Rolling Stone wrote in a Review of the concert.

The fame of the troubadour has made him an indispensable stop on the tours of big and small artists, old and new artists. The coronavirus pandemic forced the club to turn to crowdfunding and outreach, but it’s now back in business, greeting the crowds on Santa Monica Boulevard and adding to its list of iconic performances.

Market historical past says omicron volatility is not a cause to promote

As stock market investors have learned over the past week, it’s tricky to time the next move in the Dow Jones Industrial Average after a big selloff. Buyers stepped in Monday after the 900-point Nov. 26 dive, but there were signs of weakness. Stocks tanked Tuesday, soared back Wednesday before whipsawing into the close, and then had a huge day on Thursday before ending the week’s trading with another loss for the Dow.

“Always tricky,” says Keith Lerner, co-chief investment officer and chief market strategist at Truist.

Looking to market history can help.

Some are betting on the Santa Claus rally for a big December, even as clarity on the omicron variant threat remains lacking and cases spread, including in the U.S. And even after a week in which Fed Chair Jerome Powell surprised the market — with timing that was “curious,” according to Mohamed El-Erian — saying the Fed’s taper may be accelerated and inflation should no longer be described as “transitory.”

Traders work in the S&P 500 options pit at Cboe Global Markets Inc. in Chicago, Illinois.

Daniel Acker | Bloomberg | Getty Images

Lerner is looking to market history, and he sees an environment in which the patient investors will be ahead, if not in December, a year from now.

“We want at least a 12-month trend, because even if your entry point is not exactly right, you have greater chances of success in that timeframe,” he said. 

The “Black Friday” Nov. 26 spike in the VIX volatility index of 54% was among the five biggest single-day volatility moves in the past three decades. Since 1990, there have been 19 trading sessions during which the VIX spiked by 40% or more. In 18 of those 19 instances, or 95% of the time, the S&P 500 Index was higher one-year later, and the gains were large — an average of 20%.

With the U.S. market still up more than 20% this year even after the recent volatility, another 20% might be aspirational. Lerner noted that before the recent market whipsaw, stocks had gained 9% since early October, and that is a negative as far as having confidence the market will move up substantially in the short-term. That implies the immediate future is “vulnerable” to more moves down.

But the more important data point is the longer-term trend in the VIX history: there isn’t any instance across the 19 biggest VIX spikes of the past three decades after which stocks weren’t positive a majority of the time one month, three months, six months, and one year later. One month later, stocks were only up an average of 1%, but were positive 70% of the time, and the numbers get better with time.

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The caveat: Covid is a type of risk that the markets have not seen often over the past three decades, and two of the biggest VIX spikes came as Covid first hit the U.S. in February 2020. After both, the one-month period for stocks was brutal. That implies a market that remains on edge for now, and that should not come as a surprise — especially after the past week of trading. But the only of the 19 instances in which stocks were still down a year later was at the onset of the financial crisis. That data point gives Lerner more confidence in remaining bullish.

Volatility will remain the headline before the dominant trend returns, but that trend, he says, will be an economy that continues to expand and support further stock gains.

“In the last decade, we’ve had these V-shaped recoveries. They have been more normal,” he said. “Go back to the pandemic low, when you had a sharp move down and you get a kick back rally and a battle between greed and fear ensues. But in general, over the last 5 to 10 years, we’ve seen more of these come-down and go-back-up markets, as if nothing happened,” he added.

The last time was the end of September when the financial issues at Chinese property giant Evergrande sent the global equity markets into a tailspin.

Fear of missing out in a Covid market

The base case, Lerner says, is more of a tug-of-war until more of the news filters out and the market is able to get a better gauge on this new variant. This doesn’t change his view that investors are more likely to be rewarded by sitting tight rather than sitting out the market. In a “fear of missing out” era, that’s a lesson many investors learned from Spring 2020, the fastest bull market in history based on S&P 500 price gains.

“For people who missed out that time, it is a reminder about becoming too negative too fast,” Lerner said. “Even if you had had all the news on the pandemic, you would have been better staying in the market. By the time we have the all clear the market has moved,” he said.

The stock market was at a record shortly before Nov. 26, and when markets come off new highs, history says investors should be prepared for more downside over the next one to three months. A pandemic may heighten that volatility since the science is a type of uncertainty the market isn’t accustomed to analyzing. But the market does now have the 2020 Covid playbook to learn from.

“In February 2020, it was all new,” Lerner said. “We didn’t know how businesses would adapt, and now there is playbook. We saw they become more digital. There will be winners and losers, no matter what, but companies and consumers have adapted and will again.”

The Federal Reserve is on record as saying one of the lessons of the Covid era is that the economy has gotten better at adapting to pandemic during each successive wave. When Fed Chair Powell outlined a more hawkish position during Senate testimony this week, some market pundits pointed to the inflationary risks from an economy that is too hot as being the larger concern than a new Covid variant.

Like many market experts, Lerner says on the margins inflation may become even worse because of an exacerbation of the existing supply chain issues, which were starting to show signs of easing and now with a new variant unknown could go back up again on new factory shutdowns and delays in transportation.

“It is a risk to the market,” he said, and another reason volatility may remain elevated in the near-term.

Fed Chair Powell said this week that the omicron variant “complicates” the inflation picture.

But another difference between now and Spring 2020: the economy is not in a recession, which it quickly entered during lockdowns and stay-at-home orders during the initial Covid wave. “Now we know, even with this variant, it may slow activity down, but I still think recession risk is low. That’s a key difference from February and March 2020 when a recession happened so quickly,” Lerner said.

Apple, mega-cap tech stocks and the S&P 500

For investors who maintain broad exposure to the U.S. stock market through S&P 500 funds, composition of the U.S. stock market is a reason for riding out the current period of volatility. While Apple, the market’s largest company, took a dip on Thursday after a report its holiday sales of iPhones might disappoint, earlier in the week Apple shares, and tech more broadly, were a bright spot for the market in its rebound attempts. Apple, in particular, had the characteristics of a “flight to safety” trade. And with Apple and its mega-cap tech peers representing close to one-quarter of the S&P 500, the omicron overhang on stocks may do more damage below the surface of the index than at the surface gain or loss level.

“Especially in the U.S. market, composition does matter,” Lerner said.

Reflation trades may ultimately benefit if omicron doesn’t turn out to be as bad as feared and the economic expansion remains on track, but “right now, the strongest sector is tech and that’s the most important sector for those investing at the index level,” he said. “If the big mega-cap tech stocks hold up, you may see the headline index hold up better and more bifurcation below the surface. The knee jerk is investors will rotate to companies that can still create a lot of cash flow and have bigger balance sheets, so if there is a slowdown, they have enough to get through. They’ve become more defensive in some ways,” he added.

This view also makes Lerner in favor of continuing a tilt to U.S. equities versus peer markets around the globe, even as international and emerging markets trade at significant discounts to U.S. stocks. He noted that international equity prices are making fresh lows relative to the U.S., and in the case of the EAFE index versus the S&P 500, a relative price that is at the lowest level in history.

The sector composition of the S&P 500 and outsize role of mega-cap is a major reason for that versus the European market and the EAFE universe, in which financial and industrials are the top two sectors. Lerner stressed that this doesn’t mean gains won’t eventually come to those who enter early into discounted overseas equities trades. In fact, he has told clients that part of sticking with a U.S. equities tilt and technology for now likely means missing the onset of an investor rotation that is inevitably going to favor overseas markets as earnings power improves, but it’s a price he is willing to pay.

“Valuations are cheap overseas but that hasn’t been a catalyst,” he said. “We will miss the turn, but we are willing to wait for stability and earning trends, and that has served us well in being overweight U.S. … If there is a sustainable move, there should be sustainable upside,” he added. “You don’t need to be a hero trying to buy those markets.”

Short-term market headwinds, longer-term stock catalysts

Equity market strategists remain cautious on any sustainable bounce in the U.S., too, based on this past week’s action. Monday’s big really featured an advance/decline breakdown of 1,834 winning stocks versus 1,502 losing ones — “not a resounding up day.” Lerner said. But Thursday’s big bounce was more encouraging. Advances: 2,525. Declines: 868. “You want to see an advance-decline that is three-to-one,” Lerner said, and the market delivered that on Thursday — though that confidence didn’t last.

The Russell 2,000, a broader look at the U.S. market and domestic economy than the large-cap S&P, broke it’s four-day losing streak on Thursday, but by Friday’s close was 12% of its 5-week high. Lerner’s says the action in the small-cap Russell 2000 is an example of the “nice kickback but more mixed below the surface” market action investors will need to keep an eye on, and not let themselves be fooled by any “all clear” signal amid the stock nibbling and, most importantly, continued uncertainty over the course of the omicron variant.

The market had its best day since March 2021 on Thursday, but strategists remain wary. Tom Lee’s Fundstrat Global Advisors, which called for “aggressive buying” early in the week, said after both the Monday and Thursday rallies that the market wasn’t sending an all-clear signal.

According to Bank of America and FactSet Research Systems, headed into Friday’s trading action only 32 S&P 500 stocks were off their highs less than the S&P 500 Index.

“Thursday’s rally, similar to Wednesday’s bounce, failed to show sufficient strength to think a low is in,” Fundstrat Global Advisors wrote to clients on Thursday night. “This rally could still weaken further into next week. … Given the extreme drop off in breadth in recent weeks, a monumental effort is necessary along with broad-based participation to have confidence.”

On Friday, the S&P 500 barely avoided its sixth-consecutive trading session with a move of 1% or more, declining by 0.8%.

Lerner pointed out in a note to clients last Thursday that the percentage of retail investors with a bullish view has dropped to just 27% versus 48% a few weeks ago, according to the latest survey from the American Association of Individual Investors (AAII), while the percentage of bearish investors jumped to the highest level in more than a year. He sees investor patience as being as important as confidence. Corporations and consumers have adapted to Covid, pent-up demand remains, and the economy remains on solid footing, all which leads him to that bottom-line takeaway that the primary market trend is higher, but it will likely continue to be a rocky near-term road.

On Friday, the World Health Organization said the omicron variant had spread to 38 countries and early data suggested it was more contagious than the Delta variant. The tech sector led losses on Friday, with the Nasdaq Composite down 1.9%, and below the surface of the mega-cap tech leaders, many price-to-earnings ratios in the software sector remain vulnerable to revaluation even amid bets on the return to a more virtual, stay-at-home world, with the selling in DocuSign after its weak outlook an example.

While the S&P 500 is below its peak from a month ago; the ARK Innovation ETF that made fund manager Cathie Wood a star in recent years and during the pandemic: now down 40% from its February high and its largest pullback since the onset of the pandemic. The iShares Tech-Software ETF, which includes DocuSign, was below its 200-day moving average for the first time since May on Friday, and more than 14% below its intraday all-time high from November.

The one factor investors should not let set their investment course is fear. Fear in the market right now is being driven by a factor that is real, and to get to the other side of that fear can takes weeks, if not months. But fear can also rotate from a market headwind to market tailwind, and that is what the history of big spikes in the VIX index shows. “The same fear becomes the catalyst,” Lerner said.

After the “Black Friday” selloff, Lee said the lack of an inversion in the VIX, when the nearer-term risk is being priced higher than the outer risk, was a positive sign. But by this past Friday, the VIX curve had inverted, which is a sign of portfolio stress. While that “can occur near the climax of a selloff, as fear peaks,” the VIX will have to un-invert again for more confidence.

“We have to say with humility what we know and don’t know,” Lerner said, but he added that if the catalyst for the S&P being down is renewed Covid fears, and we find out these concerns are overblow and won’t disrupt the economic trajectory and won’t effect corporate profits, the headlines that had people braced for negative news become a positive catalyst for the market because expectations were reset lower.

“There are times like 2007 when investors weren’t fearful enough,” he said. “But our baseline view is that we’re not going into a recession, this doesn’t change the economic expansion materially.”

Friday’s monthly jobs report was below expectations in number of jobs added by the U.S. economy in November, but it was a mixed report, with the unemployment rate falling and labor participation rising, both encouraging signs for the economic outlook.

A “garden-variety” correction in stocks, was how S&P 500 technician Ed Yardeni described it early last week.

By Friday’s close, the Nasdaq was down more than 6% from its 52-week high; the off Dow over 5%; and the S&P less than 5% from its annual high.

5% to 10% corrections are the admission price to the market,” Lerner often says. “Investors are better served by focusing on the longer term trend.”

Private historical past helps form how one views cash | Enterprise

Each of us has a unique relationship with money. Like many of our personalities, our early experiences and the people who shaped them influenced our view of finance. And the happy financial experiences you had early on may have given you a solid foundation or made you less aware of money management.

“Mind Over Money” by the son-father team Brad Klontz and Ted Klontz examines how our personal history shapes our relationship with money. Using real life examples (with changed names), they explain how our life stories lay the groundwork for monetary disruptions and provide some tools to address financial dysfunction.

As a little girl, for example, Leslie diligently deposited part of her pocket money into a savings account. Taking great pride in her accomplishments, she took her passbook with her every time she made a deposit and enjoyed watching the balance grow every time she went to the bank. One day when she was making a deposit there was no money in her account and she was informed that her father had withdrawn the money. She asked her father why he had taken her money and his answer was to laugh and say it was his money. As an adult, Leslie tended to spend every bit of money that got in her way. She had no retirement plan and nothing in an emergency fund. Her story had taught her that once she got it, she had to spend money. Otherwise someone could come by and claim the money back.

You may find this finding illogical, but any type of dysfunction lacks logic. What about workaholism? As the Klontz authors point out, workaholics generally work inordinate hours to make money, believing that it will make them and their loved ones happier, better people, and status. Logically, we know that more money isn’t the source of happiness – and it certainly doesn’t make someone naturally better. Yet we often see people extolling the virtues of their work.

There are many money disorders that can appear subtle or even invisible. There is money avoidance, money worship, and relational money disorders. In relationships, there is sometimes infidelity about money – and hides financial problems and their consequences. People sometimes use money to control another person in a relationship. This happens with parents and adult children, spouses and business partners. Empowering people with money is also dysfunctional, and the financial consequences can be devastating for the enabler and the person being empowered. Ultimately, financial dysfunction is emotionally damaging and can be financially destructive.

This book was published right after the Great Recession, and many of the examples and feelings described for that period will sound familiar to us today. In addition to insights into money management, there are additional resources that can help all of us develop healthy relationships with something that is part of our daily lives.

Wrestler who made historical past opens Texas Fashion Wrestling

CORPUS CHRISTI, Texas – Jaime Garcia became the first Corpus Christi High School wrestler to qualify for the UIL State Tournament in 2000. He recently opened his own wrestling club academy, Texas Style Wrestling.

He’s living his dream of training wrestling. “I’ve always wanted to start this program to give back to children and give them the opportunity to reach their potential in the sport,” said Garcia.

He has dozens of students aged four through high school. Many of them already have a head start in learning the “folk style” wrestling used in UIL competitions. Others just improve their technique.

“There was no certified club where the kids could train and develop their skills after the high school season ended in preparation for the next season,” said Garcia.

“Oh, it’s huge to come here,” said Carroll wrestler Ashton Keller. “This is the time when you can make great strides over your competition. It’s a great place to get better.”

“For me, I want to be a state champion, so it means more time to get there,” said veterans memorial wrestler Abigail Mendoza.

Garcia is still at the start at 40. He won a national tournament in Iowa two years ago and will compete in the US Open in Las Vegas in April.

Spurs’ Becky Hammon seems to ‘subsequent step’ in pursuit of creating extra NBA historical past

San Antonio Spurs assistant coach Becky Hammon (left) speaks to Spurs head coach Gregg Popovich (right) on the court during a time out in the second half of an NBA basketball game against the Los Angeles Lakers in San Antonio.

Darren Abate | AP

Becky Hammon moved the needle, but the National Basketball Association assistant coach is now focused on taking the next steps in her career that could also enable her to make history again.

Weeks after Hammon hit the market as a finalist for a head coaching job with the Portland Trail Blazers, which would have made her the first female head coach in the NBA, Hammon spoke to CNBC on Saturday to share her thoughts.

Hammon said she wasn’t bitter about not getting the job and that she had a better understanding of the hiring process. Hammon added that she would be ready for the opportunity once the right team is ready.

“I’m not mad,” said Hammon. “This is the business and it is a very competitive business. But at the end of the day you throw it all out the window – if you want to hire me, you’ll find a reason to hire me. If you don’t want to hire me, you will find this reason too.

Hammon, 44, remains an assistant coach with the San Antonio Spurs. She explained why she was ready for one of 30 head coach jobs in the NBA, citing her professional growth under coach Gregg Popovich as the reason.

A victim of damage control?

Hammon went into coaching interviews with the Blazers and didn’t pretend she was the favorite for the job.

Chauncey Billups was the Blazers’ first choice – that much was clear in NBA circles. The former NBA security guard has a relationship with team principal Neil Olshey. Hence, Jody Allen, sister of the late Blazers owner and Microsoft co-founder Paul Allen, signed Olshey’s election. The Blazers defended Billups’ hiring of coaching and also publicly praised Hammon.

“We absolutely admire Becky”, Olshey said on June 29th. “She did a great job. Obviously, it’s not easy to make it to the point of taking ownership of an interview process.”

Olshey said getting Hammon this far was “a confirmation of how far she has come and how close she is to being head coach”. Olshey then said Billups had checked all the boxes, including “Gravitas’s leadership skills.”

Speaking of the process, Hammon said, “I knew I was second; I knew who they wanted. And I’m fine with that because every race I’ve competed in in my entire life was behind me and I “I agree. And so it is – but at the same time I don’t know what I’m dealing with. “

Assistant coach Becky Hammond warms up with the players before the game against the Oklahoma City Thunder on November 17, 2017 at the AT&T Center in San Antonio, Texas.

Hammon said she felt the Blazers were “authentic” in their coaching search. But the team suffered public backlash when Billups’ history of rape allegations re-emerged in 1997 and suggestions surfaced that the team interviewed Hammon only as a form of damage control. Rumors also surfaced that Hammon received less-than-glowing comments from the Spurs during the Portland trial.

When asked if the rumors affected the Portland discussions, Hammon said she had not read the tabloids and did not comment on the matter further.

She added, “I take every experience and try to grow from it, learn from it, and get better next time. If people have to give a reason for why they hired me or not, it is something beyond my control. I just try to do my best the moment I’m given. “

The Blazers trial is over, however, and Hammon said she was focused on “taking the next step” in her career. “I know how much San Antonio valued me, and I’m fine with that,” she added.

Hammon is now a teacher

The spotlight remains on Hammon. The social media crowd wants her to make history as the head coach. And every move she makes will be in the headlines. She has no control over the attention that both helps and hurts, but she would prefer it for the right reason – her coaching skills.

“I don’t want to do the news because I’m the first woman,” said Hammon. “Ultimately, I want to make news because I’m being hired because of my qualifications. It was Gregg Popovich’s original intention when he hired me in 2014 – namely, ‘She added something to the group, something for our team. I admire her wits and the way she sees the game. ‘”

Here Hammon reflects on her path.

She spent 16 seasons in the WNBA, which started with Liberty in New York. Hammon made six all-star appearances over the course of her career and retired in San Antonio in 2014.

San Antonio Spurs assistant coach Becky Hammon speaks to her team during the game against the Los Angeles Lakers on December 30, 2020 at the AT&T Center in San Antonio, Texas.

Logan Riely | National Basketball Federation | Getty Images

“I was a former player trying to figure out what the next step was,” said Hammon. “And even though I was a student of the game …” She paused before digging deeper into her credentials.

Hammon then mentioned Tim Duncan, Tony Parker and Manu Ginobili – three NBA legends “who know 20 times more in this league than I do [Spurs] System. So when you sit there and tell them about defensive coverage, you should be damn sure you know what you’re talking about and I’m just real. “

She then indicated how to win Popovich’s trust.

The legendary head coach gives his assistant coaches scouting tasks – he creates fixtures and strategies, which he then trains. If Popovich doesn’t like what’s suggested, it’s back to the movie room. This is what the new coach of the Boston Celtics, Ime Udoka, learned. Milwaukee Bucks trainer Mike Budenholzer and Phoenix Suns trainer Monty Williams also learned from Popovich.

“It prepares us in a way that maybe some younger coaches or people who have not yet gone through wringers are unprepared,” said Hammon. “He gives his assistant coaches so much freedom and pressure that prepare us more than people can understand. He empowers and empowers you in certain situations that I can’t do like other coaches who have his gravitas. He is a teacher of teachers, and he makes teachers. “

When asked what kind of coach she is today, Hammon replied after seven seasons under Popovich: “I grew up under him. With him I learned a lot of X and O and various leadership skills. But there are things that make it really hard to quantify how much growth I’ve had because there’s so much. “

But Hammon is not satisfied

There are still vacancies in Washington and New Orleans. But the thing is, these aren’t the most stable NBA organizations.

The pelicans have problems with team culture. And rival NBA executives suggest that the Wizards’ philosophy and sports strategy under owner Ted Leonsis is more hockey than basketball.

While Hammon is up for the challenge, it is unclear whether it would be suitable for these teams.

“I have to be the right coach – not male or female – the right coach for the right team, in the right city, at the right time,” said Hammon.

And when she gets a top NBA coaching job, Hammon says, she welcomes everything that comes with it.

“I am ready to be examined,” said Hammon. “Whether I do everything wrong or do everything right – it is what it is. My job is to stand up for the players and be the leader and the person who believes in them the most.”

“When the world throws a bunch of S — stuff in their ears, I’m the voice of honesty to say, ‘Hey, this is what it looks like – that’s how it has to be, and when you’re down, I’m down to make it work, “she said.” I don’t know how to tell you otherwise. The truth always works. “

“I’m happy with what happens – the needle is moving,” said Hammon. “Am I satisfied? No. And satisfaction has never brought anything great. There are different prices to get where you want to go.

At the moment in historical past • July 6 | Leisure

Today is Tuesday, July 6th, the 187th day of the year 2021. There are still 178 days in the year.

Today’s highlight in history:

On July 6, 1854, the first official meeting of the Republican Party took place in Jackson, Michigan.

In 1777, during the American Revolution, British troops captured Fort Ticonderoga (ty-kahn-dur-OH’-gah).

In 1885, French scientist Louis Pasteur tested a rabies vaccine on 9-year-old Joseph Meister who had been bitten by an infected dog; the boy did not develop rabies.

In 1917, during the First World War, Arab troops led by TE Lawrence and Auda Abu Tayi captured the port of Aqaba (AH’-kah-buh) from the Ottoman Turks.

In 1933, the first all-star baseball game was played at Comiskey Park in Chicago; the American League defeated the National League 4-2.

In 1942 Anne Frank, her parents and her sister entered a “secret outbuilding” in a building in Amsterdam, where they were later joined by four other people; They hid from Nazi occupiers for two years before they were discovered and arrested.

In 1944, an estimated 168 people died in a fire that broke out during a performance in the main tent of Ringling Bros. and Barnum & Bailey Circus in Hartford, Connecticut.


In 1957, the Harry S. Truman Library, the first presidential library in the country, was inaugurated in Independence, Missouri.

In 1971, jazz trumpeter and singer Louis Armstrong died in New York at the age of 69.

In 1988, 167 oil workers were killed in the North Sea when explosions and fires destroyed a drilling platform.

In 2005, the New York Times reporter Judith Miller was jailed after she refused to testify before a grand jury investigating the leak of the identity of undercover CIA agent Valerie Plame (Miller was jailed 85 days before he agreed to testify).

In 2015, Pope Francis was welcomed as a hero in Guayaquil, the largest city in Ecuador, when he celebrated the first public mass of his South American tour.

Ten years ago: The jury selection began in the perjury trial of former baseball pitcher Roger Clemens, who was accused of lying under oath to Congress when he denied any use of performance-enhancing drugs during his career (the trial ended abruptly in a failed trial; Clemens was later acquitted in the retrial).

Five years ago: President Barack Obama abandoned plans to halve the American armed forces in Afghanistan before stepping down. The double amputee Olympian Oscar Pistorius was sentenced to six years in a South African prison for the murder of his girlfriend Reeva Steenkamp. (An appeals court would increase this sentence to 13 years.) Philando Castile, a black canteen worker in an elementary school, was killed by Officer Jeronimo Yanez during a traffic stop in Falcon Heights, a suburb of St. Paul. (Yanez was later acquitted of second degree manslaughter.) Former Fox News Channel host Gretchen Carlson sued network chief Roger Ailes, alleging she was released after refusing his sexual advances and complaining about workplace harassment. Ailes’ allegations denied. (Carlson later settled her lawsuit for $ 20 million.) The augmented reality game Pokemon Go made its debut in the United States, Australia, and New Zealand.

A year ago: The Trump administration formally notified the United Nations that it was leaving the World Health Organization; President Donald Trump had criticized the WHO’s response to the coronavirus pandemic. (The withdrawal was halted by President Joe Biden’s administration.) Georgia Governor Brian Kemp declared a state of emergency and cleared the activation of up to 1,000 National Guard soldiers after five people were killed at gunpoint in Atlanta over a weekend; Victims included an 8-year-old girl who was killed when she drove in a car near a Wendy’s that was burned after a black man was shot and killed by a white police officer in the restaurant parking lot in June. Amy Cooper, the white woman who called the police during a taped argument with a black man in New York’s Central Park, was charged with filing a hoax. (The case closed after Cooper completed a counseling program.) Country Music Hall of Famer Charlie Daniels, a singer, guitarist, and violinist who had a hit with “Devil Went Down to Georgia,” died in Tennessee at the age of 83 Patrick Mahomes said the Kansas City Chiefs quarterback agreed to a 10-year contract extension valued at up to $ 503 million, making the Super Bowl MVP the richest sports contract ever. The Oscar-winning Italian composer Ennio Morricone, who created the theme for “The Good, the Bad and the Ugly”, died at the age of 91.

Today’s birthdays: The 14th Dalai Lama, Tenzin Gyatso, is 86. Singer Gene Chandler is 81. Country singer Jeannie Seely is 81. Actor Burt Ward is 76. Former President George W. Bush is 75. Actor and director Sylvester Stallone is 75. Actor Fred Dryer is 75. Actor Shelley Hack is 74. Actor Nathalie Baye is 73. Actor Geoffrey Rush is 70. Actor Allyce Beasley is 70. Rock musician John Bazz (The Blasters) is 69. Actor Grant Goodeve is 69. Country singer Nanci Griffith is 68. Retired MLB all-star Willie Randolph is 67. Jazz musician Rick Braun is 66. Actor Casey Sander is 66. Country musician John Jorgenson is 65. Former first daughter Susan Ford Bales is 64th hockey player and trainer Ron Duguay (doo-GAY ‘) is 64. Actor-writer Jennifer Saunders is 63. Rock musician John Keeble (Spandau Ballet) is 62. Actor Pip Torrens is 61. Actor Brian Posehn is 55. Actor R obb Derringer is 54. Political reporter / presenter John Dickerson is 53. Actor Brian Van Holt is 52. Rapper Inspectah Deck (Wu-Tang Clan) is 51. TV presenter Josh Elliott is 50. Rapper 50 Cent is 46. Actor Tia and Tamera Mowry are 43. Comedian actor Kevin Hart is 42. Actress Eva (EH’-vuh) Green is 41. Actor Gregory Smith is 38. Rock musician Chris “Woody” Wood (Bastille) is 36. Rock singer Kate Nash is 34th actor Jeremy Suarez is 31st San Diego Padres infielder Manny Machado is 29th NBA star Zion Williamson is 21.

Shevchenko mixes warning and elegance to assist Ukraine make historical past – The Athletic

There they stood with arms raised, thundering in unison with the support their own little piece of Ukraine had seized in Hampden Park. Andriy Shevchenko, Oleksandr Zinchenko and Artem Dovbyk: the god, son and darling of the nation at the head of the lineup.

If the adrenaline had flowed out of their bodies, the corner would have been marshland. Just a few moments earlier, they had secured a place in the first EM quarter-finals. Fans crowded the front row to celebrate, lose themselves, worship, and anoint their newest member of the football king, goalscorer Dovbyk. For Zinchenko, this was his baptism as the Nation’s Hero if he was the golden boy they were looking for.

Ironically, in extra time. The scriptwriters may have used up their best material for the round of 16, but the bald man walking on the pitch leading the security guards to a happy dance as Dovbyk went home didn’t care. His inhibitions (or what to start with) were swept away in the flood of emotions.

There was a 26-man attack in front of the shelter as submarines, doctors and trainers approached as socially as possible. Shevchenko didn’t know what to do. He turned to the bench and waited for others, anyone, to sprint down the stairs and join him. They had already lost it, however, so he and his goalkeeper yelled at each other for the next five seconds to make sure they weren’t in a trance. All around Hampden, yellow bags jumped and linked, while other yellow bags sank deeper into her chair.

The moment when Artem Dovbyk sent Ukraine into the quarter-finals… ?# bbceuro2020 # Euro2020 #UKR #SWEUKR

– BBC Sports (@BBCSport) June 29, 2021

It hadn’t come. It wasn’t expected. The double bill on Monday, two goal comebacks to scare Spain into extra time and eliminate world champions France on penalties; the hype surrounding the meeting of the two heavyweights England and Germany a few hours earlier at Wembley Stadium. Would you like to pursue this?

It was like a damp primer. Sweden, a functioning team that built their success on solid foundations against Ukraine, which had disappointed so far and qualified fourth and last-best third-place thanks to a single win over North Macedonia. Maybe the group stage elimination should be tougher. Maybe it dilutes the quality. Or how about maybe we all shut up and let soccer get on our nerves and our imaginations like it has for the past 17 days?

(Photo: Andy Buchanan / POOL / AFP via Getty Images)

It was billed as a clash of two styles, but it didn’t play out that way. Which team was the better team was a game that depended on preferences. Sweden attacked more determinedly but Ukraine held the ball for long periods and set the pace at which they were comfortable.

In the group stage, Ukraine had prevailed in their 3-2 loss to the Netherlands, but they looked open while they stood stale against Austria and had their lead out of control in their victory over North Macedonia.

Shevchenko was careful in his selection, leaving out midfielders Vitaliy Mykolenko and Ruslan Malinovskyi when he switched from 4-3-3 to a 5-3-2 system. As the most talented player, Zinchenko is used in midfield by Ukraine to maximize his influence in attack, but here he has been transferred to the left full-back, a more natural position for him at club level.

Meanwhile, Sweden remained faithful to the 4-4-2 form in defense, but were much more fluid and efficient in possession.

A right combination of Mikael Lustig, 34, and Sebastian Larsson, 36, may not seem like that, but their reliability played a role in their structure that should free their talisman Emil Forsberg. Manager Janne Andersson used Lustig in the same way as Brendan Rodgers at Celtic, with the full-back plugging in a three-way chain and compensating for Ludwig Augustinsson’s more advanced position on the opposite side.

It allowed Forsberg to roam inside along with Dejan Kulusevski, who played against Alexander Isak. The trio traded and bonded well on the edge of the box, but much of the game was always decided by which team, made up of largely functional players, could get it to their wizards most often.

Forsberg seemed to be laying yellow brick streets that only he could see as he turned and snaked through the gaps. Ukraine, meanwhile, struggled to get Zinchenko high on the ball, but the system’s advantage began to show in the middle of the first half when they started outnumbering Swedes in the middle of the park, taking advantage of the width of the full-backs.

It was decisive for the opening goal in the 27th minute when Mykola Shaparenko twisted the ball to the right and Yarmolenko flicked a ball against the back post with the outside of his shoe. Then Zinchenko steamed, who shot his shot past Robin Olsen before sprinting away like a hypnotized Pikachu with an ashen face and dead eyes.

Sweden had their chances but Kulusevski turned a shot he should have hit and Forsberg was caught under a cross. The goal seemed to awaken a new urgency, and Forsberg began to move more centrally to connect with Kulusevski and Isak. The equalizer came with less precision, but style was superfluous at the time. Forsberg saw his shot deflected over Georgiy Bushchan.

The second half came to life early on when Serhiy Sydorchuk glanced at the goalkeeper from inside the box, but his shot hit the outside of the post.

A wake up call? Sweden went to the other side with Isak and Forsberg, as if he had had enough of fooling around, whipped the ball into the far corner. It jumped off the base of the post and into safety.

A stalemate was never inevitable for two cautious teams, but the red card to Marcus Danielson in the 98th minute put an end to Sweden’s hopes of a win without a penalty. The center-back stormed a volley after the ball came off, but although he cleared the ball with good contact, his swing caused his cleats to hit halfway up Artem Besedin’s leg. It was an impact enough to make the crowd collectively flinch when the hyperextension of the knee was shown on the screen. However, the subsequent VAR review may not give the referee full appreciation of the unfortunate nature of the challenge as it started with a freeze frame of contact and slowed the incident down.

Besedin, who had come on just seven minutes earlier, had to come off but Shevchenko’s next substitution was crucial.

Despite the numerical advantage and the six changes on both sides, the extra time looked like two boxers would like to play the last round and secure their chances on the scorecards.

So when the ball was knocked out, there was little anticipation. Zinchenko was the player, however, and the full-back / full-back / central midfielder / attacking midfielder – let’s bet the utility man – is as wild and relentless as anyone else.

He took a touch from the feet and delivered a flank into an area. There are some crosses that need to be spot on and others that you see a gap on and leave the rest to fate. Dovbyk found himself between Victor Lindelof and Filip Helander and simply shot towards the goal. Lindelof hadn’t blocked the front post and Helander hadn’t covered himself.

It was the corridor of uncertainty, it was the corridor of certainty. ‘Come on, son, just go in’. Dovbyk did.

How he was there in the first place is another part of the story. Had the pandemic not come and ruined civilization, the great striker would not have flashed his GPS vest in Brandi Chastain style in front of the world’s cameras.

He has not yet reached the heights he expected when he was first called up to the senior national team in 2016 at the age of 19. It was not until March of this year that he reached his first international match. Tuesday in Hampden was his first taste of tournament football.

His club SC Dnipro-1 has a history of its own as some ultras see the club, founded in 2017, as a way to overwrite the history of the previous club, which was called Dnipro. Dovbyk left the original club and spent two years in Denmark at Midtjylland and SönderjyskE before returning to Dnipro.

It took him sixteen minutes to write his name in folklore and become the man who took Ukraine to a place they had never been before. His header with exactly 120: 37 was after the Turkish Semih Senturk in 2008 against Croatia, the second last goal in the history of the European Championship.

It meant delirium and desolation.

(Photo by Andrew Milligan / PA Images via Getty Images)

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At this time’s Historical past, June 28, 2021 | Leisure

June 28th

Today’s highlights

Year 2000

Elian González returned to his hometown of Cuba seven months after drifting into the Florida Straits.

Also on this date


Queen Victoria of England was crowned at Westminster Abbey.


During the Civil War, President Abraham Lincoln appointed Major George G. Mead as the new commander of the Union Army of the Potomac following the resignation of Major Joseph Hooker.


The Austrian Archduke Franz Ferdinand and his wife Sophie were shot in Sarajevo by the Serbian nationalist Gabriel DropOut. This triggered the First World War.


The Treaty of Versailles was signed in France and ended the First World War.


President Franklin D. Roosevelt signed the Foreign Resident Registration Act, also known as the Smith Act. It required adult aliens residing in the United States to register and authenticate their fingerprints.


North Korean troops occupied the South Korean capital, Seoul.

Radio artists Freeman Gosden (left) and Charles Correll (right) read the script for their sitcom comedy Amos’n’Andy.


The TV version of the radio comedy show “Amos’N’Andy” premiered on CBS. (This was the first network TV series to feature an all-black cast, but it was criticized for racial stereotypes.)


Civil rights activist Malcolm X declared at the founding meeting of the Organization for Afro-American Unity in New York that he “wanted equality by all means necessary.”


The Supreme Court ordered the University of California’s Davis School of Medicine to admit Alan Bakke, a white man who claimed he was a victim of reverse racism.

Year 2000

Elian González returned to his hometown of Cuba seven months after drifting into the Florida Straits.


Senator Robert C. Bird, the longest senator in US history, died in Falls Church, Virginia, aged 92. The Supreme Court ruled 5-4 that Americans have the right to own a gun. For self-defense wherever they lived.


Tens of thousands of supporters and opponents of Egyptian President Mohamed Morsi gathered in Cairo, killing two people, including Americans, and injuring dozens, both in Alexandria, the country’s second largest city. I fought. Four U.S. Supreme Court plaintiffs who overturned California’s ban on same-sex marriage shortly after a gay couple was released by the federal appeals court received their first marriage license in the state for the first time in four and a half years. ..


White racist James Alex Fields, who purposely drove a crowd of rebels in Charlottesville, Virginia, killed a young woman and injured dozens, was sentenced to life imprisonment for a federal hate crime. He apologized to the victim before being sentenced to imprisonment.

10 years ago: Taliban fighters attacked an international hotel in Kabul, killing ten people the night before the meeting and discussing plans for Afghan troops to take over security if international troops leave by the end of 2014.

5 years ago: Republicans closed $ 7 million on a new allegation of fatal misconduct by the Obama administration in a two-year investigation into a fatal attack in Benghazi, Libya, but “smoked” to expose Hillary Clinton’s wrongdoing. There was no such thing as a “spit weapon”. ‘Nothing contradicts the results of previous research. “

Three suicide bombers armed with assault rifles attacked Istanbul Ataturk International Airport, killing 44 victims and injuring nearly 150.

The death claimed Pat Summitt, the most successful coach in the history of great college basketball at the age of 64. Buddy Ryan, an 85 year old former professional football coach. And at the age of 84, Scotty Moore, a pioneering rock guitarist.

1 year ago: A St. Louis couple, Mark and Patricia McCloskey, fired a gun at a protester marching in a driveway during a national demonstration against racial injustice. (Initially, McCloskeys, who was charged with a crime including the illegal use of weapons, pleaded guilty to the offense and agreed to give up the weapons used during the conflict.) Governor Gavin Newsom said in seven counties. The bar that opened was quickly closed as the coronavirus spread rapidly in parts of the state and urged bars in eight other counties to do the same.

Today’s birthday

The film director Mel Brooks is 95 years old. Former Senator Karl Levin, D-Mich. Is 87 years old. Impressionist comedian John Binner is 84 years old. Former Defense Minister Leon Panetta is 83 years old. Rock musician Dave Knights (Prokuruarm) is 76 years old. Actor Bruce Davison is 75 years old. The actress Kathy Bates is 73 years old. The actress Alice Krige is 67 years old. John Elway, who was inducted into the College and Pro Football Hall of Fame, is 61 years old. The jazz singer Tierney Sutton is 58 years old. The actress Jessica Hecht is 56 years old. Rock musician Sole Davis (James) actress Mary Stuart Masterson is 55 years old. Actor John Kasak is 55 years old. Actor Gil Bellows is 54 years old. Actor and singer Daniel Briseboa is 52 years old. Jazz musician Jimmy Somers is 52 years old. Actor Tichina Arnold is 52 years old. Actor Steve Barton is 51 years old. Entrepreneur Elon Musk is 50 years old. Actor Alessandro Nivola is 49 years old. Actor Camille Guaty is 45 years old. Rock musician Tim Nordwind (OK Go) is 45 years old. Rock musician Mark Stoermer (Killers) is 44 years old. Country singer Big Vinnie Hickerson (trailer choir) is 38 years old. .. Country singer Kelly Pickler is 35 years old.