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Anthony Bradshaw The battle lines are shifting after three years of post-Covid economic momentum fighting against tightening monetary policy. Growth is on its last legs as restrictive policy gains ground on the unprecedented stimulus fueled surge in demand. Meanwhile inflation looks Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOLD, NEM, TLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Arsenal up to second after Kai Havertz goal sees off struggling IpswichNEW YORK — The man accused of fatally shooting the CEO of UnitedHealthcare pleaded not guilty on Monday to state murder and terror charges while his attorney complained that comments coming from New York’s mayor would make it tough to receive a fair trial. Luigi Mangione, 26, was shackled and seated in a Manhattan court when he leaned over to a microphone to enter his plea. The Manhattan district attorney charged him last week with multiple counts of murder, including murder as an act of terrorism. Mangione’s initial appearance in New York’s state trial court was preempted by federal prosecutors bringing their own charges over the shooting. The federal charges could carry the possibility of the death penalty, while the maximum sentence for the state charges is life in prison without parole. Prosecutors have said the two cases will proceed on parallel tracks, with the state charges expected to go to trial first. One of Mangione’s attorneys told a judge that government officials, including New York Mayor Eric Adams, have turned Mangione into a political pawn, robbing him of his rights as a defendant and tainting the jury pool. “I am very concerned about my client’s right to a fair trial,” said Karen Friedman Agnifilo. Adams and Police Commissioner Jessica Tisch stood among a throng of heavily armed officers last Thursday when Mangione was flown to a Manhattan heliport and escorted up a pier after being extradited from Pennsylvania. Friedman Agnifilo said police turned Mangione’s return to New York into a choreographed spectacle. “He was on display for everyone to see in the biggest stage perp walk I’ve ever seen in my career. It was absolutely unnecessary,” she said. In a statement, Adams spokesperson Kayla Mamelak Altus said: “Critics can say all they want, but showing up to support our law enforcement and sending the message to New Yorkers that violence and vitriol have no place in our city is who Mayor Eric Adams is to his core.” “The cold-blooded assassination of Brian Thompson — a father of two — and the terror it infused on the streets of New York City for days has since been sickeningly glorified, shining a spotlight on the darkest corners of the internet,” Mamelak Altus said. Friedman Agnifilo also accused federal and state prosecutors of advancing conflicting legal theories, calling their approach confusing and highly unusual. “He is being treated like a human pingpong ball between warring jurisdictions here,” she said Monday. State trial court Judge Gregory Carro said he has little control over what happens outside the courtroom, but can guarantee Mangione will receive a fair trial. Authorities say Mangione gunned down Thompson as he was walking to an investor conference in midtown Manhattan on the morning of Dec 4. Mangione was arrested in a Pennsylvania McDonald’s after a five-day search, carrying a gun that matched the one used in the shooting and a fake ID, police said. He also was carrying a notebook expressing hostility toward the health insurance industry and especially wealthy executives, according to federal prosecutors. At a news conference last week, Manhattan District Attorney Alvin Bragg said the application of the terrorism law reflected the severity of a “frightening, well-planned, targeted murder that was intended to cause shock and attention and intimidation.” “In its most basic terms, this was a killing that was intended to evoke terror,” he added. Mangione is being held in a Brooklyn federal jail alongside several other high-profile defendants, including Sean “Diddy” Combs and Sam Bankman-Fried. During his court appearance Monday, he smiled at times when talking with his attorneys and stretched his right hand after an officer removed his cuffs. Outside the courthouse, a few dozen supporters chanted, “Free Luigi,” over the blare of a trumpet. Natalie Monarrez, a 55-year-old Staten Island resident, said she joined the demonstration because she lost both her mother and her life savings as a result of denied insurance claims. “As extreme as it was, it jolted the conversation that we need to deal with this issue,” she said of the shooting. “Enough is enough, people are fed up.” An Ivy-league graduate from a prominent Maryland family, Mangione appeared to have cut himself off from family and friends in recent months. He posted frequently in online forums about his struggles with back pain. He was never a UnitedHealthcare client, according to the insurer. Thompson, a married father of two high-schoolers, had worked at the giant UnitedHealth Group for 20 years and became CEO of its insurance arm in 2021. The killing has prompted some to voice their resentment at U.S. health insurers, with Mangione serving as a stand-in for frustrations over coverage denials and hefty medical bills. It also has sent shockwaves through the corporate world, rattling executives who say they have received a spike in threats.
Lately, when I find myself feeling a little too calm about things, I’ve taken to reading the Reddit subreddit r/singularity to help swing my equilibrium back to its natural state of intense panic. This is a place where activity has flourished in recent months, as community members feverishly discuss the day’s ever-increasing developments in artificial intelligence and casually argue about the date they expect computers to officially exceed all human control. “AGI by the end of 2025” predicted a top ranking post on the subreddit this week, referencing the stage of singularity when “artificial general intelligence” – the point at which computers can perform any intellectual task that a human can – is reached. The excitement was caused by OpenAI’s announcement that its o3 system can now reason through maths, science and computer programming problems, which are three things I definitely can’t do. We had the chance to give computers less control, and instead we gave them more. Credit: iStock It got me thinking: we should have just let the Y2K bug win, hey? There we were, exactly 25 years ago, gifted with a date glitch that would’ve sent us warmly back to the 1900s, when life was simple and butter was churned in the backyard. But instead we panicked, worried that nuclear plants would melt down, planes would fall out of the sky, ATMs would erase all our savings, and like Bill Pullman in Independence Day we chose to fight. Now, 25 years on and with robot overlords breathing down our necks, it feels like a fork-in-the-road moment where we Robert Frosted the wrong way. We had the chance to give computers less control, and instead we gave them more. Dummy move! Perhaps because I’d just turned legal drinking age, or perhaps because I was watching Buffy religiously instead of following the news, I don’t remember feeling too concerned about the Y2K bug. What did I care if computers thought it was 1900 instead of 2000? Life across those 100 years wasn’t that different. In 1999, I still walked everywhere; I still did school exams in pencil; I still developed 35mm film negatives for my day job like Thomas Edison in his laboratory. Computers might’ve been around, but they weren’t such a part of our lives as they are now. I’d go whole days without touching one sometimes, except to play Grim Fandango . We were so close, as this archival shot from the film Time Bomb Y2K shows. Not to get all John Lennon, but imagine there were no computers. I wouldn’t miss them. I’d be sitting by a river bank right now, writing this column in salmon blood with my index finger. We’d all be so close to nature we could taste it, like the kid from Into the Wild . Maybe we’d die eating berries, but we’d live eating berries, too. If computers had died in 1999, we wouldn’t have social media either, the worst experiment in humankind since lobotomies. Instead we’d just have polite conversation with whoever was in our vicinity and/or crushing loneliness, both preferable options.Hall of Famer Rickey Henderson, baseball’s stolen base king, has died at 65
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Zuby Ejiofor delivered an early Christmas present to St. John's in the form of a buzzer-beating shot to keep the Red Storm's winning streak alive. St. John's (10-2) beat Providence at the horn back on Dec. 20 to win its fifth straight game and move to 2-0 in the Big East. Back on its campus in New York, St. John's will face Delaware on Saturday for one last tune-up before returning to conference action. In the Red Storm's first true road game of the season, Providence led most of the way before Ejiofor and RJ Luis Jr. steered the comeback. Ejiofor made a jumper in the lane in the final second to secure a 72-70 win. Coach Rick Pitino saw evidence that his team had grown from the start of the season. The Red Storm's two losses came on a double-overtime buzzer-beater against Baylor and by three points versus Georgia. "I think they're mentally maturing," Pitino told the New York Post. "Three weeks ago, with missing all those free throws, all those shots, we lose by 12 to 16 points. But they're maturing mentally and getting tougher because (that night) we didn't have it offensively, and they still found a way to win on the road in a tough environment." Ejiofor had 19 points and 10 rebounds for his fifth double-double of the season. On a team stacked with talent, he and Luis have been the main catalysts. Luis averages 17.0 points and 6.3 rebounds per game, and Ejiofor provides 14.6 points and a team-best 7.8 rebounds per contest. Ejiofor's game-winner came on an offensive board and second-chance look. "My philosophy is, and Coach says, every shot is essentially my rebound," Ejiofor said. "I have pride in getting my team a second chance, and that's exactly what I did." Delaware (7-5) has had a quiet month, with two of its three wins coming against non-Division I teams. But its other win in that time was a 93-80 romp against rival Delaware State on Dec. 3. That night, the Blue Hens shot a red-hot 17-of-31 from 3-point range. The 17 makes were one shy of tying the program record. Cavan Reilly (five 3-pointers) led them that night with 20 points, but three other starters also buried three triples. "That's what I envisioned out of this group," coach Martin Ingelsby told the Delaware News Journal, "to have multiple weapons." Delaware would love to rediscover that shooting touch. It made just 6 of 21 shots from deep in a 72-64 loss to Saint Peter's on Dec. 20. John Camden paces Delaware with 14.9 points and 4.9 rebounds per game. Four other players average double-figure scoring: Niels Lane (13.7), Reilly (12.9), Erik Timko (12.4) and Izaiah Pasha (10.7). --Field Level Media
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