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Tiger Woods Has Ankle Surgery, Rest Of Majors In Doubt

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Tiger Woods underwent fusion surgery on his right ankle Wednesday morning to relieve arthritis caused by a broken bone, casting questions on whether he will play any more majors this year.

Woods announced the operation on Twitter, stating that it was a subtalar fusion procedure to treat post-traumatic arthritis caused by a talus fracture in February 2021.

“He’s resting now and will start the recovery process,” said Mark Steinberg, his agent at Excel Sports, over the phone.

According to Steinberg, woods underwent surgery in New York and has now returned to his home near Jupiter, Florida, to begin rehabilitation.

When Woods could return to golf, Steinberg replied there was “no timetable on this.”

“The first goal is to recover and lead a much more enjoyable day-to-day life,” he explained.

In February 2021, Woods’ SUV fell off a suburban coastal Los Angeles road at roughly 85 mph and tumbled down the side of a hill, shattering many bones in his right leg and ankle. According to Woods, the injuries were so severe that physicians considered amputation.

As a result of the vehicle accident, Woods has undergone many surgeries on his leg. The ankle has been the source of most of his issues recently, including a perceptible limp when he competed in four of the last five majors, most recently the Masters two weeks ago.

tiger woods

When Woods could return to golf, Steinberg replied there was “no timetable on this.”

The talus is the second-largest bone in the tarsus group, which forms the lower half of the ankle joint and transfers body weight from the lower leg to the foot. The subtalar joint enables the side-to-side mobility required for walking, particularly on rough terrain.

According to most estimations, healing from subtalar fusion takes eight to twelve weeks. That would rule out the PGA Championship next month, which will be held at Oak Hill in Rochester, New York, and is expected to be frigid.

The United States Open will be held June 15-18 at Los Angeles Country Club, and the British Open will be held three months later (July 20-23) at Royal Liverpool in England.

Woods made an unlikely comeback 14 months after the automobile accident to play in the Masters, walking 72 holes. Despite withdrawing after three rounds of the PGA Championship last year and in the middle of the rain-delayed Masters this year, he only missed one cut – the British Open at St. Andrews last summer.

tiger woods

Woods cited plantar pain for his retirement from the Masters.

Woods cited plantar pain for his retirement from the Masters, where he tied a record with his 23rd cut. Plantar pain was also given as a reason for his withdrawal from the Hero World Challenge in the Bahamas in December, which he said was caused by working too hard to prepare for the event.

At the Masters, Jason Day stated that Woods informed him that the cause for his withdrawal from the PGA Championship last year “was a screw went through the skin.”

Woods previously underwent five back operations. This includes lower spine fusion surgery, which allowed him to return to play. He won the Tour event in 2018, the Masters in 2019 for his 15th major event, and the Zozo Championship in Japan in the autumn of 2019, tying Sam Snead’s career record of 82 PGA Tour titles.

In multiple interviews, he stated that the issue is not hitting shots but walking to the next one. Woods has also stated that his schedule will be limited to the majors and possibly others, such as the 36-hole PNC Championship with his son, where he can ride on a cart.

SOURCE – (AP)

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The Presidents Of France And Brazil Meet And Announce A $1.1 Billion Investment Plan For The Amazon

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SAO PAULO — The Brazilian and French presidents announced plans on Tuesday to invest 1 billion euros ($1.1 billion) in the Amazon, including rainforest areas in neighboring French Guiana.

According to a joint statement by the two governments, the funds will be distributed over the following four years to conserve the rainforest. It will collaborate with state-owned Brazilian banks and France’s investment agencies. Brazil and France both stated that private resources would be welcomed.

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The Presidents Of France And Brazil Meet And Announce A $1.1 Billion Investment Plan For The Amazon

French President Emmanuel Macron and his Brazilian counterpart Luiz Inácio Lula da Silva are meeting this week to rekindle bilateral relations after years of tensions with former President Jair Bolsonaro, deepen cooperation to protect the rainforest, and boost trade.

Macron began his three-day tour of the country in the Amazon city of Belem, where he met with longtime ally Lula. The French president then boarded a boat to Combu Island to meet with Indigenous leaders.

Macron and Lula witnessed a Greenpeace demonstration with placards reading “No Oil in the Amazon.” Brazil’s government has considered authorizing oil exploration in a location near Belem, located in Para state.

Lula stated during his speech that Macron’s visit is part of a worldwide effort to strengthen rainforest safeguards.

“We want to convince those who have already deforested that they must make significant contributions to countries that still have forests in order to keep them standing,” Lula stated in a speech beside the French president.

Before the trip, Macron’s administration stated that a potential European trade pact with the South American body Mercosur would not be on the table. The French president opposed such an agreement as long as South American growers did not adhere to the same environmental and health requirements as Europeans after farmer concerns were highlighted during protests in France and Europe.

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The Presidents Of France And Brazil Meet And Announce A $1.1 Billion Investment Plan For The Amazon

The French president awarded Indigenous leader Raoni Metuktire the prestigious Legion of Honor medal for her work to preserve the rainforest.

“You were in Europe, and I promised to come here to your forest and be with your people in this forest that is coveted,” Macron told the Indigenous leader, according to French radio RFI. “President Lula and I have a common cause for one of our friends in this land that belongs to you.”

According to Macron’s office, Lula and Macron will strive to “set a common course” to combat climate change and poverty as Brazil prepares to host the G20 conference in Rio de Janeiro in November and UN climate negotiations in Belem the following year.

brazil

The Presidents Of France And Brazil Meet And Announce A $1.1 Billion Investment Plan For The Amazon

On Wednesday, Macron and Lula will debut a diesel-powered submarine built in Brazil using French technology at the Itaguai shipyard near Rio de Janeiro. The French president will then travel to São Paulo to meet with Brazilian investors. On Thursday, the French president will travel to Brasilia for another meeting with Lula.

SOURCE – (AP)

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Why Is Costco’s Hot Dog Still $1.50 When Everything Has Become So Expensive?

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Inflation has affected almost everything over the last two years, including Trader Joe’s 19-cent banana. However, Costco’s hot dog-and-soda combo price remains unchanged.

Costco’s hot dog deal, available in its food courts, remains at $1.50, the same price as in 1985, before the Great Recession, the housing crisis, the pandemic, and the most recent about of decades-high inflation.

costco

Why Is Costco’s Hot Dog Still $1.50 When Everything Has Become So Expensive?

According to the Bureau of Labor Statistics, consumer prices have increased about 20% since the pandemic began. Many crucial industries, such as housing and groceries, have seen even higher price increases.

If Costco’s hot dog sale had kept up with inflation, it would be three times as expensive now, nearly $4.50. But Costco’s $1.50 combo is a deliberate decision, also known as a loss-leader: The firm is willing to lose money selling the hot dogs at that price — inflation be damned — as long as it helps Costco attract and retain consumers.

“It’s branding,” explained Scott Mushkin, a retail analyst at R5 Capital. The $1.50 offer fosters client loyalty, he noted. “It reminds customers of who Costco is.”

Costco loses money on more than 100 million hot dogs yearly, but it counters these losses by raising prices on other products. Costco has raised the prices of pizzas and other goods in its food courts.

However, Costco has a unique business plan allows it to keep costs low: it makes almost all of its money from memberships, selling things on its warehouse floor for practically cost – and occasionally less.

In a recent interview, Richard Galanti, Costco’s longstanding financial chief who retired this month, stated that the $1.50 pricing was “probably safe for a while.”

costco

Why Is Costco’s Hot Dog Still $1.50 When Everything Has Become So Expensive?

declining inflation and declining prices
Most businesses need the benefit of a membership model like Costco. They can’t afford to sell the majority of their items for a small profit — or to lose money on products that sell 100 million units each year.

Inflation has fallen significantly since its peak of 9.1% in June 2022. To reduce inflation, the Federal Reserve implemented 11 severe rate hikes designed to crush demand and discourage spending.

According to the Bureau of Labor Statistics, total consumer prices increased by 3.2% in February.

While we may want reduced prices, decreasing prices are a red flag indicating that the economy is in bad shape. We’re not there yet, so don’t worry.

Companies have reported unusually high profitability in recent months owing to strong consumer spending. Even when companies like Costco must hike prices (even on hot dogs in some circumstances), Americans continue to spend.

Consumer spending is the most powerful engine driving the US economy. When individuals spend less money, firms prefer to lay off employees, which can lead to even lower spending and more layoffs. This cycle has the potential to drive the economy into a recession, but again, this is not occurring yet.

“A lack of demand causes price declines. “That means we’d be in a recession,” said Gus Faucher, chief economist at PNC.

“If you raise the effing hot dog, I will kill you.”
Costco’s hot dogs fought inflation from the outset.

Costco’s hot dog offering originated in the company’s early days. Costco added a Hebrew National kiosk to its second warehouse store in Portland, Oregon, shortly after it opened in 1983.

To keep hot dogs’ pricing consistent, Costco found ways to cut other costs in the food court, such as switching from 12-ounce soda cans to cheaper 20-ounce fountain drinks.

costco

Why Is Costco’s Hot Dog Still $1.50 When Everything Has Become So Expensive?

Costco sold kosher hot dogs in its food courts until 2009 when meat supplies began to run low. Recognizing the value of low-cost hot dogs, the business moved production in-house and launched its Kirkland Signature brand. Costco’s factories generate around 388 million non-kosher hot dogs annually for both food courts and retail sales.

Jim Sinegal, Costco’s co-founder, famously threatened former CEO Craig Jelinek, “If you raise the effing hot dog, I will kill you.” “Figure it out.”

“I know it sounds crazy making a big deal about a hot dog, but we spend a lot of time on it,” Sinegal told the Seattle Times in 2009. “We’re recognized for our hot dogs. That is something you do not mess with.

Last year, Costco sold over 130 million hot dog-soda combos worldwide, totaling around $195 million.

SOURCE – (CNN)

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Sean ‘Diddy’ Combs Lawyer Says Raids Of The Rapper’s Homes Were ‘Excessive’ Use Of Military Force

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Los Angeles  — Sean “Diddy” Combs lawyer said Tuesday that federal officials’ searches of the rapper’s Los Angeles and Miami houses in a sex trafficking probe were “a gross use of military-level force” and that Combs is “innocent and will continue to fight” to clear his name.

The music mogul’s team issued its first public statement on Monday after Homeland Security Investigations investigators raided his house.

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Sean ‘Diddy’ Combs’ Lawyer Says Raids Of The Rapper’s Homes Were ‘Excessive’ Use Of Military Force

“Yesterday, there was a gross overuse of military-level force as search warrants were executed at Mr. Combs’ residences,” stated attorney Aaron Dyer. “There is no excuse for the excessive show of force and hostility exhibited by authorities or the way his children and employees were treated.”

The searches were conducted as part of federal investigators’ ongoing sex trafficking investigation in New York, according to two law enforcement officials. The officials were not authorized to speak publicly about the probe and talked to the AP on the condition of anonymity.

According to Dyer’s statement, Combs was not held and spoke with authorities, and neither he nor any family members were arrested or had their travel restricted.

Dyer said that the “unprecedented ambush” resulted from a “premature rush to judgment of Mr. Combs and is nothing more than a witch hunt based on meritless accusations made in civil lawsuits.”

“There has been no finding of criminal or civil liability with any of these allegations,” Dyer said in a statement. “Mr. Combs is innocent and will continue to fight every single day to clear his name.”

Combs’ kids, Justin and Christian “King” Combs were handcuffed during the raid on their father’s home in Los Angeles. King, 25, is a musician whose song “Can’t Stop Won’t Stop” featuring Kodak Black topped Billboard’s Mainstream R&B Hip-Hop charts in 2022.

Law enforcement raided Combs’ multimillion-dollar estate in Los Angeles’ wealthy Holmby Hills neighborhood on Monday and his Miami waterfront home. Command trucks were stationed outside both homes, along with many officers.

The criminal probe marks a significant increase in Combs’ scrutiny since he has been the defendant in several sexual assault lawsuits in recent months.

Cassie, Combs’ former apprentice and girlfriend, sued him in November, alleging years of sexual abuse, including rape. Combs settled the lawsuit the next day. The lawsuit claimed he pushed her to have sex with male prostitutes while filming them.

In February, a music producer sued Combs, alleging that he pushed him into soliciting prostitutes and pressuring him to have sex with them.

combs

Sean ‘Diddy’ Combs’ Lawyer Says Raids Of The Rapper’s Homes Were ‘Excessive’ Use Of Military Force

Another of Diddy accusers was a woman who said the rap producer raped her at the age of 17 two decades ago.

Diddy and his counsel have denied all of the lawsuits’ claims.

The Associated Press does not normally name persons who claim to have been sexually abused unless they come forward publicly as Cassie did.

Diddy is one of the most important hip-hop producers and executives over the last three decades. Formerly known as Puff Daddy, he established one of hip-hop’s most powerful empires, blazing a route with several businesses using his iconic name. He founded Bad Boy Records and is a three-time Grammy winner who has collaborated with several major musicians, including the Notorious B.I.G., Mary J. Blige, Usher, Lil Kim, Faith Evans, and 112.

Diddy’s non-music business empire, which includes profitable private-label spirits, athletic clothes, and a television network, has been collapsing since the abuse charges surfaced.

His vodka and tequila partnership with Diageo, a major producer of distilled spirits, was officially terminated in January when the two parties settled mutual lawsuits, leaving the brands in Diageo’s hands.

combs

Sean ‘Diddy’ Combs’ Lawyer Says Raids Of The Rapper’s Homes Were ‘Excessive’ Use Of Military Force

His fashion line, Sean John, has disappeared from Macy’s, one of the line’s principal partners; Sean John’s goods are still accessible at Walmart’s online site. However, many are severely discounted or only available in off-sizes.

In November, Combs quit as chairman of Revolt TV, which focuses on music and social justice issues for African Americans.

Source – (apnews)

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