In a surprising turn, top economist Mohamed El-Erian has broken with convention among financial leaders by publicly calling for Federal Reserve Chair Jerome Powell to resign. El-Erian’s comments, issued via social media and elaborated in press interviews, are remarkable not only for their candor, but for their counterintuitive reasoning: El-Erian believes Powell should step aside to protect the institution’s independence in the face …
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CBS to Cancel ‘Late Show With Stephen Colbert’ Citing Finances
TV’s ongoing problems with late night have come for Stephen Colbert, with CBS announcing Thursday that it plans to end his “Late Show” after the next TV season, citing a “financial decision.” The decision — which ends years of original late-night programming at CBS that started when the network lured David Letterman from NBC in 1993 — comes as the …
Read More »Wizz Air Abu Dhabi Shutting Down, Citing Heat In The Middle East
I don’t talk much about Hungarian ultra low cost carrier Wizz Air, which has expanded massively in recent years, and for a long time, seemed unstoppable. Several years back, the airline launched a Wizz Air Abu Dhabi subsidiary, marking its first base in the Middle East. There’s now an interesting update, as the company will be fully shutting down this …
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