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    Golf’s Big Deal Veers Off Course

    The Masters tournament should be all about sport, but the unresolved fight between the PGA Tour and LIV Golf looms over the competition.Jon Rahm won the 2023 Masters but defected to LIV Golf in December, dealing a big blow to the PGA Tour.Doug Mills/The New York TimesIn the rough The Masters is a tournament steeped in tradition and hosts one of sports’ most storied gatherings: the champions dinner, when former winners meet at Augusta National Golf Club, and the previous year’s winner sets the menu.But this week’s dinner was overshadowed by the fight between the PGA Tour and the Saudi-backed LIV Golf series that has split the sport. Last June, the two sides agreed to combine forces and end their battle. A deal hasn’t materialized — and possibly never will.The only certainties, according to insiders who have spoken to DealBook, are that a final agreement isn’t imminent after a series of deadlines have come and gone. The players, who have become more powerful than ever, want an agreement. And whatever happens between the PGA and LIV may permanently shape the future of professional sports.The Masters and the dinner highlight the schism. The 2023 winner, Jon Rahm, designed a menu that reflected his roots in the Basque region of northern Spain. There was, however, a bitter taste to his triumphant return: He quit the PGA Tour for LIV almost four months ago.It took a legend of the sport, the two-time Masters winner Tom Watson, to take on the issue that was on everyone’s minds. “Ain’t it good to be together again?” he recounted telling them at a news conference two days later. “I hope that the players themselves took that to say, you know, we have to do something. We have to do something.”The tours haven’t been sitting back. LIV is confident that more players will follow after Rahm’s defection.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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    Why States Have Spent Billions Subsidizing Hollywood

    Inside the costly competition to attract TV and film shoots. State governments use our tax dollars to build roads, fund schools and provide health care. In 38 states, they also ship money off to a high-gloss private industry: Hollywood.And it’s a lot of money. My colleague Christopher Kuo and I found that those states had given out more than $25 billion over the past two decades to subsidize the making of movies and television. The idea is to lure businesses to spend money, employ locals and stimulate the economy.The problem is, the programs are actually huge money losers for states. Studies show that these efforts typically return a quarter or even a dime on every dollar given to studios.Yet lawmakers are not slowing their spending. Quite the opposite. Hollywood is playing states off one another, and the competition has them sweetening their deals to lure productions, economists say. Under mounting pressure from New Jersey, New York recently expanded its film incentive program by 67 percent, to $700 million. Oklahoma went from $4 million to $30 million in just three years, in part to stay competitive with Texas. Then, Texas decided to spend nearly seven times that amount.“You could find almost an unlimited number of better uses for the same dollars,” said Michael Thom, a tax expert at the University of Southern California. “Who on earth would say, ‘Keep giving the money to Hollywood; my kid’s school doesn’t need new books’?”My colleagues and I wanted to understand why these programs persist. This morning, we published the third article in our series about the topic. Here’s a quick look at what we found.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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    Life at Guantánamo Bay

    Inside a new season of “Serial.”Around 780 people have been detained at the prison at Guantánamo Bay since it opened in January 2002. Thirty men remain there today, many of whom have not been charged.The podcast “Serial,” which debuted in 2014 with the story of a questionable murder conviction, has dedicated its new season to Guantánamo. Over nine episodes, it tells the story of the prison through a personal lens, by way of conversations with people who worked or were detained there.I spoke with the hosts, Sarah Koenig and Dana Chivvis, about the show. Desiree: There’s an interesting political story to be told about Guantánamo, but why did you decide to tell this story through the people who lived through it?Sarah: The government threw all of these normal people on Guantánamo, and they had to sort out how on earth are we supposed to behave in here, how are we supposed to make sense of this? So over the course of 20 years, you saw this thing, which was kind of like a terrible spasm in the national response to 9/11, harden into something that was trying to justify and sustain itself. I think that’s what we were interested in: Who were those people who are having to make decisions, who are having to survive a thing not of their own making, and what did that look like and what did that feel like?In the reporting of the podcast, did anything upend your preconceived notions or surprise you about Guantánamo?Dana: The people who work in Guantánamo for the military rotate in and out about every nine months, but the prisoners have been there, so very quickly the prisoners learned how the prison operated better than the guard force did. I heard a lot of stories about prisoners who would correct the guards and be like, “No, no, you need to give me 10 squares of toilet paper,” or “You’re not handcuffing me right. Let me show you how to do it.”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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    The Fallout From the Credit Card Swipe Fee Fight

    A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.A new class-action settlement between Visa, Mastercard and merchants could affect the economics behind premium credit cards.Tamir Kalifa for The New York TimesA settlement that could scramble the credit card business A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants.But the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards — and for retailers.What’s in the settlement: Visa and Mastercard said on Tuesday that they had agreed to reduce swipe fees, costs associated with the use of a credit card, for about five years. Lawyers for merchants who had brought the case estimate that this could save about $30 billion worth of fees.Perhaps more important, merchants will be able to raise their prices based on the kind of card. For example, buying groceries with a higher-fee card — typically a premium card like the Chase Sapphire Reserve — could become more expensive than paying with a lower-end one.Why it matters: Swipe fees, also known as interchange fees, are a big business; the Nilson Report, which tracks the payments industry, estimates that Visa, Mastercard and card-issuing banks collected $72 billion last year alone.For card issuers, much of that money is then funneled into rewards associated with high-end cards, which entice consumers to spend more, racking up more fees for the banks (and, potentially, interest on unpaid balances).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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    America’s Affordable Housing Crisis

    The housing crisis is likely to be solved in cities and states, not Washington. President Biden worries about high housing costs. So do Republicans in Congress. The consensus reflects a major problem: Tens of millions of families, across red and blue states, struggle with rent and home prices. The reason is a longstanding housing shortage.But action in Washington won’t make a huge difference. America’s affordable housing crisis is likely to be solved in cities and states. In today’s newsletter, I’ll explain how many are already doing so in bipartisan fashion.Local laboratoriesHome prices are up about 60 percent over the past decade, adjusted for inflation. About a quarter of renters — some 12 million households — spend more than half their income on housing, far in excess of the one-third level that is considered healthy. Homeless camps have expanded, and “super commuters” — who drive for 90 minutes or longer to work — have migrated well beyond the expensive coasts to smaller cities like Spokane, Wash., and fast-growing metropolitan areas like Dallas and Phoenix.Generally, Republican-led states have been more affordable than Democratic-led ones. They tend to have fewer construction and environmental rules, which allows the housing supply to expand faster. But as rent and home prices climb beyond middle-income budgets in more places, states are racing to add housing.The legislation in each state varies. But in general it removes permitting and design barriers so new construction can be approved faster. States are also trying to alter zoning rules to allow a greater diversity of units in more neighborhoods.In San Diego. Sandy Huffaker for The New York TimesWe 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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    A New Game from The Times

    It’s a word search with a few twists. I still hear from readers who learned about the Connections game from this newsletter and now play it every day. Today, I want to tell you about The Times’s newest game, called Strands. It’s another quick, entertaining way to exercise your brain.Strands is a word search with a few twists. Each day, the puzzle has a theme, and your job is both to find the one word that describes the theme as well as a handful of examples. In today’s newsletter, I’ll walk you through a puzzle from this past week — and then link to today’s, so you can try for yourself.A lucky ‘vogue’The first twist is that Strands allows the letters in a word to travel in multiple directions. The second letter can be above the first letter, while the third letter might be at a diagonal from the second. As an example, look at the upper-left corner of the grid from Thursday, and you can see that T-H-I-S is a potential word. You begin in the very corner, go across to the H, down to the I and over to the S:The second twist is that each puzzle starts with a brief, and slightly mysterious, description of the theme. The description for the puzzle here was “What’s the issue?”You may be a better puzzler than I am, but I am rarely able to recognize the theme based only on the mysterious description. That’s OK, because the third twist in Strands is that there is a way to receive hints. If you highlight any three words, even words that have nothing to do with this puzzle, Strands will then give you a hint.On Thursday, for example, I wasn’t sure what “What’s the issue?” meant, but I did notice the obvious word on the top line: “thigh.” Once I highlighted it, Strands told me I was a third of the way toward a hint. At this point, I got lucky. The second word I noticed was “vogue” — and it turned out to be one of the words that was part of the solution. Strands highlighted it in blue as a result.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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    ‘Cherry on the Cake’: How China Views the U.S. Crackdown on TikTok

    Dan Wang, an expert on China’s technology sector, says Beijing would see a forced sale or ban of the social media platform as a propaganda coup.Dan Wang has been a leading observer of contemporary China for years. As a tech analyst at Gavekal Dragonomics, a research firm, and through his well-read newsletter, Wang has charted the country’s rise as a fast-growing high-tech economy and, more recently, its slowdown and rising tensions with the United States.Wang is now a visiting scholar at Yale Law School’s Paul Tsai China Center and writing a book about relations between the United States and China. He spoke with DealBook about how China views the latest U.S. crackdown on TikTok. The interview has been edited and condensed.How does China see the latest TikTok fight?Chinese state media and government spokespeople have made it clear that this is very unwelcome. China feels that ByteDance is a very successful company that is being bullied in America because it is Chinese. The Chinese people are affronted by the U.S. government declaring it a national security threat. And Beijing has passed laws that recommendation algorithms are subject to Chinese export controls, so the sense is that the government will not allow a sale to go through.Is the Chinese government using the case as a propaganda tool?State media is keeping its powder dry because there are still several steps before ByteDance might have to sell TikTok in the U.S. These include Senate passage, the White House’s signature, as well as the legal challenges that ByteDance is sure to bring. Before this looks really imminent, state media is not rallying citizens to object too much.What does it look like when state media mobilizes the public?In 2022, Congress passed the Uyghur Forced Labor Prevention Act, and a lot of Western companies made anodyne statements. Chinese state media seized on one company, H&M, which made a fairly typical statement that it did not source from Xinjiang or tolerate forced labor in its supply chains. China’s Communist Youth League account, which is one of the instruments of the Communist Party, reposted a statement on social media saying that you cannot both make money in China as well as criticize China. That incited a vast consumer boycott. H&M products disappeared from pretty much all e-commerce sites, and H&M stores disappeared from online maps. The company was essentially erased from the Chinese internet, and it was really difficult to buy its products or find its physical stores.How could China retaliate against U.S. companies?The more important question is: Does Beijing decide that this act is worthy of retaliation? I spent all four years of President Trump’s trade war living in China, and Beijing was highly forbearing toward U.S. companies for two broad reasons.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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    Selection Sunday

    Recent changes in college sports have made March Madness even more unpredictable.Happy Selection Sunday!Green beer and lucky leprechauns aside, today is one of America’s great (unofficial) holidays. It’s the day the 68-team brackets for the N.C.A.A. men’s and women’s basketball tournaments are revealed.Tonight’s unveiling of the matchups may bring back a feeling you haven’t had since digesting the prompt for that 10th grade U.S. history essay: What in the world do I make of all this?Did Duke get a favorable draw? What’s the path for my school? Which No. 12 seed looks like a Cinderella? Where the heck is McNeese State? Is Cream Abdul-Jabbar in the field? And how come the Fairfield women’s team is called the Stags?No matter how much basketball you’ve studied since November — poring over KenPom ratings, streaming games from obscure conferences, reciting the eight-player rotations of the Purdue men and the South Carolina women before you go to bed — there is so much uncertainty when it comes to filling out your bracket.Picking winners has never been simple — remember, over all these years, there has never been a perfect bracket — but recent changes to the sport have made it more unpredictable than ever. I’ll explain them in today’s newsletter.New rulesThree years ago, under mounting legislative and judicial pressure, the N.C.A.A. changed two major rules. It allowed athletes to make money from so-called name, image and likeness payments, and it eased restrictions on players transferring from one school to another. Those changes — prompted in part by a Supreme Court ruling that weakened the N.C.A.A.’s authority — have upended the top levels of college sports.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