On Aug. 15, 2004, the United States suffered sports humiliation, on the most global of stages. At the Athens Olympics, Puerto Rico trounced the American men’s basketball team, 92-73, the preliminary round opener. For the first time, the U.S. men’s team lost in Olympic competition while suiting up NBA players; pros like Michael Jordan, Larry Bird and Magic Johnson first played in the…
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Over steaming hot plates of tteokbokki (simmered rice cakes), Gil Boksoon (Jeon Do-yeon) vents to her boss about her daughter.
“She used to follow me around when I came home, and she’d tell me about school, even what they had for lunch that day,” Boksoon says. “Now she’s always in her room with the door closed. She has all these secrets.”
It sound…
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U.S. inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.
The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from…
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It’s been a difficult year for the U.S. economy. While consumer spending remains strong, and there are nearly twice as many open jobs as people looking for work, inflation is at its highest level in decades.
But the Federal Reserve, which sets the nation’s monetary policy, took another step in its attempt to curb those economic strains on Wednesday by raising interest rates th…
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The public has watched Demi Lovato undergo many different reinventions over the course of her career. She started out as a Disney darling on Sonny With a Chance and a few Disney Channel Original Movies like Camp Rock and Princess Protection Program. In 2008, she released her debut album, Don’t Forget—a pop-rock record that featured her powerhouse…
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Virgil Abloh knew how to get people talking. In 2012, when he launched his first fashion brand, Pyrex Vision, Abloh bought deadstock flannel shirts from Ralph Lauren for $40 a piece, screen printed them with the word “Pyrex” and the number 23 (an homage to Michael Jordan), priced them at $550—and sold out his stock in minutes. The shirts became an instant lightning rod, settin…
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Audrey Leighton Rogers was relieved that she launched her fall collection last week, and not on Monday. Rogers, a Barcelona-based clothing designer and vintage curator, gets 95% of the traffic to her site from Instagram. These days, her income is, she says, 100% dependent on the audience she has built over a decade on the app. And on Monday, when Instagram, Facebook and WhatsApp experienced a g…
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On Tuesday, oil and gas giant BP announced plans to slow its transition away from oil. The move sparked outrage from climate activists, but it shouldn’t have come as a surprise.
Two and a half years ago, after BP announced perhaps the most aggressive plans of any major oil and gas company yet to move away from fossil fuels, I asked Bernard Looney, the company’s CEO, about the …
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Quinta Brunson—the writer, producer, comedian and actor behind the breakout hit Abbott Elementary—called for higher salaries for teachers to applause at the TIME100 Gala Wednesday evening. “I play a teacher on TV, but every day I wonder if I’d be strong enough to be one in real life,” Brunson said. “You all deserve to be paid more!”
Brun…
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It had all the makings of a publishing Cinderella story. A first-time novelist, making her fiction debut at age 70, wrote a coming-of-age thriller that unexpectedly became a best-selling juggernaut, was selected by Reese Witherspoon for her book club, and was snapped up to be made into a feature film. After Delia Owens published Where the Crawdads Sing in the summer of 2018, appetite onl…
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