Aurelia Butler

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    Yankees Part With Tradition: Beards Are Now Allowed

    The team is ending its longstanding policy on facial hair and will allow “well-groomed beards moving forward,” Hal Steinbrenner said.Mariano Rivera and Bernie Williams had to shave. So did Derek Jeter and Alex Rodriguez.But now Aaron Judge, Giancarlo Stanton and the rest of the current Yankee roster can grow “well-groomed beards” if they so choose, after the club announced a change to its longstanding grooming policy.“After great consideration, we will be amending our expectations to allow our players and uniformed personnel to have well-groomed beards moving forward,” the team’s managing general partner, Hal Steinbrenner, said in a statement on Friday. “It is the appropriate time to move beyond the familiar comfort of our former policy.”Since the 1970s, the Yankees have barred their players from having beards or long hair. The policy was started by then-owner George Steinbrenner, Hal Steinbrenner’s father, who believed that neater appearance would increase professionalism and discipline among his players.While some other teams in major North American sports have policies regarding dress or appearance, the Yankees’ beard policy was among the strictest, and certainly the most famous.Hal Steinbrenner said he had consulted with “a large number of former and current Yankees, spanning several eras” before changing the policy.The policy has occasionally rankled members of the team. In one of the most remembered incidents, Don Mattingly, the team’s best player and captain in 1991, was pulled from the lineup because he declined to cut his hair.“I’m overwhelmed by the pettiness of it,” Mattingly told reporters then. He relented soon afterward.Don Mattingly, who was once pulled from the team’s lineup for his refusal to cut his hair, at Yankee Stadium in 1991.Focus on Sport/GettyIn recent years, speculation increased that the policy was hurting the Yankees’ chances of attracting quality players.“You’d be surprised how much more attractive the Yankees would be if they got rid of that facial hair rule,” Cameron Maybin, a former Yankee, said in 2023. More

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    Coinbase Says S.E.C. Will Drop Crypto Lawsuit

    The end of a court fight with the largest U.S. crypto company would be a big win for an industry that financially backed President Trump.The cryptocurrency exchange Coinbase said on Friday that the Securities and Exchange Commission had agreed to drop its lawsuit against the company, lifting a legal cloud over the global crypto industry and signaling a broader retreat by federal regulators.Coinbase, in a post on its website and in a regulatory filing, said it had reached an agreement in principle with the S.E.C. to have the lawsuit withdrawn without any financial penalty. If the S.E.C. confirms the proposed settlement, it would be a remarkable reversal by the agency after years of legal battles against crypto firms.The S.E.C. sued Coinbase, the largest U.S. crypto company, in 2023 on the grounds that the digital currencies sold on its platform constituted unregistered securities that put consumers at risk of financial harm.Any settlement that results in a dismissal of the lawsuit would require S.E.C. approval. A spokesperson for the S.E.C. declined to comment on Coinbase’s announcement.The lawsuit was the most significant of several that the S.E.C. had filed against major crypto companies, arguing that they were operating outside the law. A victory for the government could have threatened the continued operation of Coinbase, a publicly traded company worth about $65 billion, and decimated the broader crypto market.The dismissal would be biggest victory for the crypto industry since President Trump took office last month, promising to end the Biden administration’s regulatory crackdown on crypto under the previous S.E.C. chair, Gary Gensler. And it illustrates the growing influence in Washington of billionaire technology executives, who wrote enormous checks to support Mr. Trump’s campaign, hoping to secure softer regulation.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    One Month into the Trump Presidency

    The president has moved swiftly to remake Washington. But for business leaders, that volatility has often been hard to navigate. In his first month back in office, President Trump has rapidly begun to remake Washington. But with that has come big questions about what’s next.Al Drago for The New York TimesThe good, bad and puzzlingCorporate leaders and investors expected a bit of volatility to accompany President Trump’s second term. In many ways, that’s exactly what has happened one month in, with the radical cutting of the federal government, threats of trade wars and more.But amid a flurry of unexpected announcements — talks over a possible Ukraine peace plan that exclude Kyiv, the retention of tough Biden-era deal guidelines and a potential Elon Musk-enabled stimulus plan, for starters — and a lack of clarity over where Trump stands on a host of issues, many executives are asking themselves: How do we navigate this?Trump has made good on some of his campaign promises. He has vowed to impose tariffs to bolster American manufacturing. He has waged war on diversity, equity and inclusion programs, and more and more companies have fallen into line.And most notably, he has unleashed subordinates and Musk to raze huge portions of the Washington bureaucracy, with some courts refusing to stand in the way. The latest on that: The I.R.S. fired 6,700 workers on the eve of tax-filing season; Trump claimed the power to dismiss administrative law judges at will; and he reportedly plans to take control of the U.S. Postal Service, according to The Washington Post.But there’s a lot that business leaders and others are trying to figure out:Where does Trump actually stand on tariffs? He has spoken of a potential wide-ranging trade deal with China, even as he threatens Europe with huge levies.Trump’s position on Ukraine is increasingly unclear, as he publicly embraces Russia and castigates Kyiv and Europe. Treasury Secretary Scott Bessent is said to have pressured President Volodymyr Zelensky of Ukraine to hand over billions’ worth of Ukrainian mineral resources, according to The Wall Street Journal, while Secretary of State Marco Rubio privately told European leaders that Washington wasn’t looking to disrupt the diplomatic status quo.The administration’s antitrust cops have kept in place Biden era merger rules, dampening hopes for a deal resurgence. And despite efforts by tech companies like Meta to forge closer ties to Trump, the Federal Trade Commission’s new chief is weighing a scrutiny of Big Tech over censorship concerns.Trump’s efforts to gain more control over independent agencies may reach further into the Fed, with Musk vaguely promising an audit of the central bank.The president’s floating of potentially inflationary taxpayer payouts, funded by Musk’s government cost-cutting (whose true extent appears to change frequently), is drawing lukewarm support from congressional Republicans.Trump’s legislative agenda is in limbo, with the president splitting Republican lawmakers over matters like the budget.For now, corporate America appears to be along for the ride. A new survey by the Conference Board found that C.E.O. confidence recently reached a three-year peak, reflecting “confident optimism.”Whether that will persist — Americans appear increasingly worried about rising inflation and the Musk cost-cutting — remains to be seen. Stay tuned.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Senate G.O.P. Passes Budget Resolution, and Punts on Tough Questions

    The budget plan that Republicans pushed through the Senate early Friday was a necessary first step toward enacting President Trump’s ambitious domestic goals, but it punted the most difficult and divisive questions about how Congress will do so.On a largely party-line vote, 52-48, Senate Republicans won adoption of a blueprint that calls for a $150 billion increase in military spending and $175 billion more for border security over the next decade.How will they pay for it? That’s a question for another day. What about the huge tax cuts they and Mr. Trump have promised? We’ll figure that out later, senators say.Over in the House, Republicans have been agonizing to come up with at least $2 trillion in spending cuts to pay for Mr. Trump’s fiscal agenda and placate their most conservative members. Their plan, which G.O.P. leaders hope to put to a vote as early as next week, loads vast tax cuts and policy changes into one huge package and calls for slashing government programs deeply to finance it all. But it faces a perilous road through the closely divided House, where Republicans hold a razor-thin majority.Republicans in the Senate have essentially delayed any decision on those thorny details, focusing instead on delivering an early win to Mr. Trump in the form of money for his hard-line anti-immigration agenda. They said they would address questions of spending and tax cuts later in a separate bill.“We’ve decided to front-end load security,” said Senator Lindsey Graham of South Carolina, the chairman of the Budget Committee. “We want to make the tax cuts permanent. We’re going to work with our House colleagues to do that. They expire at the end of the year, but we have time to do that. It is the view of the Republican Senate that when it comes to border security, we need not fail. We should have the money now to keep that momentum going.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Did You Sell Concert Tickets or Clothes? You May Owe Taxes

    If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says.If you sold personal items like concert tickets or used clothing online last year or received money for services through payment apps, you may get an unfamiliar tax form this year.A tax law change means most online marketplaces and payment apps must send the Internal Revenue Service a form called a 1099-K, with a copy to you, if you received more than $5,000 in payments for “goods or services” in 2024. That’s down from a threshold of $20,000 in payments and more than 200 transactions. (Starting in 2024, the number of transactions no longer matters.)“As the threshold keeps going down, it catches more people,” said Melanie Lauridsen, vice president for tax policy and advocacy at the American Institute of Certified Public Accountants.Under the old cutoff, the forms mostly went to people running active businesses rather than to occasional or small-time sellers. “This substantial drop in the reporting thresholds could result in millions more taxpayers receiving Forms 1099 this filing season than in prior years,” according to a blog post by Erin M. Collins, the national taxpayer advocate, who leads a group within the I.R.S. that works on behalf of taxpayers.Here’s what to know about Form 1099-K:Who’s eligible to receive Form 1099-K?If you bought several concert tickets, for example, and resold them online at a markup, you could potentially meet the 2024 threshold for getting the form, Ms. Collins said in an interview. Tickets for big-name concerts, she said, such as performances by Taylor Swift, have reportedly sold for more than $1,000 per ticket. If the seller made money, the gain is taxable.The rule doesn’t apply to personal payments, like gifts or transfers of money to friends and family, the I.R.S. says. If you and a friend go to a concert, and your friend pays you for the ticket using a payment app, “you should not receive a Form 1099-K for the reimbursement and, generally, it would not be taxable,” according to “common situations” described on the agency’s website.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Hamas Failed to Return the Body of a Hostage. What Now?

    The Palestinian armed group said it had handed over the remains of Shiri Bibas along with her two young children and another man. Israel said forensic testing found that it wasn’t her.Israel said on Friday that one of the bodies Hamas handed over as part of the cease-fire deal did not belong to an Israeli woman taken hostage in 2023, as the Palestinian militant group had claimed.The revelation prompted further alarm over the future of the brittle truce and hostage-for-prisoner swap deal between Hamas and Israel. Here’s what we know so far.Who were the hostages?Hamas said on Thursday that it had handed over the remains of four hostages: Shiri Bibas, 32; her two children, Ariel, 4, and Kfir Bibas, less than a year old; and Oded Lifshitz, 83. All four were kidnapped from Nir Oz, a village near Gaza that was devastated in Hamas’s surprise attack on Israel on Oct. 7, 2023.For many Israelis, the Bibas family had become emblematic of the brutality of the Hamas attack. Footage of a terrified Ms. Bibas clutching her two children while being led away by Palestinian gunmen has been seared into the Israeli public consciousness.Hamas claimed that all four hostages were killed in Israeli airstrikes. But Israel said that three of the four returned on Thursday — which were identified through DNA testing as belonging to Mr. Lifshitz and the two Bibas children — had been murdered by their captors.What happened on Thursday?Hamas handed four coffins to the International Committee of the Red Cross in a televised ceremony. Each coffin bore the photo of a captive whose body was supposed to be turned over to Israel, including Ms. Bibas.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    ‘Safe House’ Review: Singing a Song of Loneliness

    Enda Walsh’s formal experiment, at St. Ann’s Warehouse, finds him in pared-back mode.Wearing a meadow-green T-shirt that proclaims her an Irish Princess, Grace dances with a white stuffed bunny that is her confidant. The music is Tchaikovsky’s “Sleeping Beauty” waltz, and it’s a clue to how Grace’s life plays out — not the ballet’s storybook ending, just the tragic parts.In this snippet of a scene near the top of Enda Walsh’s new play “Safe House,” which opened on Thursday at St. Ann’s Warehouse in Brooklyn, the music gets speedier, more intense, all sense of comfort vanishing. Control, too, but that’s hardly a constant for Grace, a homeless young woman with a mind blurred by alcohol. Like Sleeping Beauty after the curse kicks in, she is exiled from a life that looked secure enough from the outside but was treacherous from the start.Fair warning, though: Woven through with songs by Anna Mullarkey that are sung by Kate Gilmore as Grace, Walsh’s Abbey Theater production feels more like a live performance of a concept album than a play. In his plumbing of trauma and abuse — think “The Walworth Farce” or “Medicine,” his most recent play at St. Ann’s — he can have a way of reaching right into your viscera. Not here, unfortunately.In “Safe House,” it is 1996 in rural Galway, and Grace is scrabbling together an existence on the margins. Guzzling box wine, trading her body for money, she plays grim bits of her sepia past on repeat in her head; for us, these are projections upstage or scraps of audio. Long gone though she is from the home she grew up in, which for her was a place of harm, she has not severed every family tie.On the other end of a phone, we hear her father pick up.“I can hear you breathing,” he says, in Irish. “Where are you, Grace?”The set and costume design are by Katie Davenport, while video is by Jack Phelan.Teddy WolffWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The Influence of Foreign Aid

    America is losing a diplomatic tool the government has relied on for decades.Foreign aid isn’t just charity. It’s power. That was the original idea behind the United States Agency for International Development, which J.F.K. set up in the early 1960s to win the support of developing countries that might have otherwise drifted into the Soviet sphere. Elon Musk dismantled it in recent weeks. For now, most of its work has stopped and its worldwide staff has been called home.President Trump and his team have criticized a few progressive State Department programs, like a Colombian opera about a trans character and a D.E.I. music event in Ireland. But the core of U.S.A.I.D.’s mission has been helping the world’s poor, and it was a means to an end. “You have to understand,” a veteran American diplomat told me, “we didn’t do this work because we’re all a bunch of bleeding-heart liberals. We did it for influence.”In today’s newsletter, we’ll examine that effort — and the results it got.Good worksHow do you measure influence abroad? Experts have come up with the acronym DIME — diplomacy, information, military, economic — to describe the traditional levers of power. U.S.A.I.D. covers every aspect but the military one. More