Heart-stopping moment man is rescued by helicopter from raging LA river
Aerial footage shows an LA firefighter being lowered from a helicopter to rescue a man clinging to a wall in the rain-swollen Los Angeles River.
https://nypost.com/2023/03/16/video-shows-man-rescued-from-raging-los-angeles-river/
Former UGA football star Jalen Carter sentenced to probation in crash that killed teammate and team staffer, his attorney says
Former University of Georgia football standout Jalen Carter was sentenced to probation on Thursday for his role in the crash that killed his teammate and a team staffer, his attorney told CNN.
https://www.cnn.com/2023/03/16/sport/jalen-carter-uga-crash-plea/index.html
Microsoft adds ChatGPT technology to Word, Excel, office software
Microsoft also unveiled a new “business chat” experience that can pull data and perform tasks across applications on a user’s written command.
https://nypost.com/2023/03/16/microsoft-adds-chatgpt-tech-to-office-software/
YouTube TV hikes price to $72.99 per month due to rising ‘content costs’
YouTube has announced that it’s raising the price of its YouTube TV subscription to $72.99 per month. The new monthly price is an $8 increase from the current $64.99 monthly fee. New members will see the new price starting today, while existing members will see the price change staring on April 18. The Google-owned company blames a rise in “content costs” for the change. To soften the blow, the company announced that it’s lowering the price of its 4K Plus add-on from $19.99 per month to $9.99 per month.
“As content costs have risen and we continue to invest in our quality of service, we’ll be adjusting our monthly cost, after 3 years, from $64.99/mo to $72.99/mo, in order to bring you the best possible TV service,” the company said in a tweet.
YouTube TV notes that this is it’s first price increase in three years. In July 2020, the price for YouTube TV increased from $49 to $64.99. The service debuted in 2017 at $35 per month.
“We are committed to offering a premium way for you to stream TV, but understand this new price may not work for you,” the company said in a tweet. “We do hope YouTube TV continues to be your service of choice, but we want to give you the flexibility to cancel at any time.”
YouTube TV recently announced a landmark streaming deal with NFL Sunday Ticket, which has previously only been available through DirecTV in the U.S. The multi-year deal is reportedly worth $2 billion per season. Starting next season, the NFL Sunday Ticket will be available on two of YouTube’s subscription businesses as an add-on package on YouTube TV and standalone à la carte on YouTube Primetime Channels. Since YouTube TV is becoming the new home to NFL Sunday Ticket this fall, the price hike doesn’t come as a shock, unfortunately.
It’s worth noting that YouTube TV isn’t the only service that has recently introduced a price hike, as its competitors have done the same. Sling TV bumped up its plans by $5 last November, and FuboTV also increased rates by $5 a month in January. In addition, DirecTV Stream implemented $5 to $10 rate hikes in January, while Hulu raised the cost of the Hulu Live TV bundle in December from $64.99 per month to $69.99 per month.
The price hike comes that same week that YouTube TV launched early access to “multiview,” an option that allows viewers to watch up to four different preselected streams at the same time.
YouTube TV hikes price to $72.99 per month due to rising ‘content costs’ by Aisha Malik originally published on TechCrunch
Giants signing dynamic receiver Parris Campbell in NFL free agency
The Giants are expected to sign former Colts receiver Parris Campbell.
https://nypost.com/2023/03/16/giants-signing-dynamic-receiver-parris-campbell-in-nfl-free-agency/
Bank run, Dodd-Frank, systemic risk: Your 2023 banking crisis glossary
After Silicon Valley Bank’s collapse, you might be hearing terms like “bank run” “systemic risk” and more. Here’s a glossary of terms to know.
The Dangerous Assumption Embedded In Today’s P/E Ratios
The Dangerous Assumption Embedded In Today’s P/E Ratios
Authored by Jesse Felder via TheFelderReport.com,
After the painful decline in stock prices last year, many investors have clearly come to the conclusion that this now represents another terrific buying opportunity.
And if you look just at earnings-based valuation measures, you could be forgiven for thinking that, while they may not be inordinately cheap, equity valuations are no longer extreme. The forward price-to-earnings ratio now shows the S&P 500 trades at a multiple of around 17, very near its average over the past two decades.
What this measure obscures, however, is the fact that the profit margins supporting those earnings are still obscene. Moreover, estimates assume the recent decline in margins will soon reverse and that they will return nearly to record highs. Certainly, there are at least a few reasons (like the strength in the dollar, interest rates and oil prices over the past couple of years) to be skeptical of this optimistic analysis. Rapidly rising labor costs typically lead to margin declines greater than that we have already seen and labor costs have already risen faster than at any point in the past thirty years.
If profit margins continue to fall over the course of this year, rather than reverse higher as expected, the denominator in those forward price-to-earnings ratios could decline dramatically, revealing the fact that equity valuations were never really all that reasonable in the first place. They only appear that way today as the result of some especially heroic assumptions on the part of equity analysts.
Tyler Durden
Thu, 03/16/2023 – 13:22
https://www.zerohedge.com/markets/dangerous-assumption-embedded-todays-pe-ratios-0
MQ-9 Reaper: What to know about the $30M drone that collided with Russian jet
A Russian fight jet struck the propeller of a US “Reaper” surveillance drone earlier this week — forcing it to crash into the Black Sea in an incident condemned as “reckless” by the US military.
https://nypost.com/2023/03/16/what-is-the-us-mq-9-reaper-drone-that-collided-with-russian-jet/
Elliott: ‘No one else can be Jonathan Quick.’ Joonas Korpisalo brings his own style to Kings
The Kings traded for Joonas Korpisalo to stabilize their goaltending situation. He has responded with three wins in three games.
Karleen Biswanger allegedly assaults boyfriend with avocado in Florida senior community
Karleen Biswanger, 39, was charged with battering a victim aged 65 or older.
https://nypost.com/2023/03/16/florida-woman-karleen-biswanger-charged-with-assault-by-avocado/