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In addition to the Broadcasting Corporation's response, the African National Congress (ANC) has also distanced itself from the incident. The South African Broadcasting Corporation (SABC) has expressed its concern following a viral video showing an altercation involving one of its employees, Nobuntu “Nobs” Mkhize, aboard a FlySafair flight. The incident has sparked widespread attention and criticism on social media platforms. In the video, Mkhize reportedly referenced the SABC and claimed that the matter would be featured on the corporation’s news platforms. This statement, coupled with her behaviour during the altercation, has drawn scrutiny and raised questions about professionalism. In an official statement, the company acknowledged the incident, emphasizing its commitment to maintaining high standards of integrity and respect in all interactions involving its staff. “The SABC regrets this incident and always encourages staff members to uphold the SABC values of respect and integrity in all their interactions,” the statement read. The broadcaster further clarified that its news division operates with full editorial independence and that decisions related to news content are made within the newsroom, free from influence by individual employees. “We would like to reiterate that SABC News is guided by the Editorial Code and maintains its editorial independence,” the SABC added. In addition to the Broadcasting Corporation’s response, the African National Congress (ANC) has also distanced itself from the incident. While Mkhize has no official ties to the political organisation, speculation on social media linking her actions to the ANC prompted a brief statement. The party reiterated that it does not condone inappropriate behaviour and stressed the importance of professionalism in public spaces. As part of its response, the SABC has committed to addressing the matter internally and engaging with the parties involved. The organisation has also reassured the public that it will use appropriate internal channels to resolve the situation. As social media continues to amplify both actions and consequences, public figures are increasingly challenged to align their conduct with the values they uphold.
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, with Phil Pearlman (December 11, 2024) Wall Street is always looking for an edge over the competition. But what if there was a giant source of overlooked alpha? We discuss how to obtain “Fitness Alpha.” Full . ~~~ About this week’s guest: Phil Pearlman, is former Chief Behavioral Officer at the Bank of the Ozarks and founder of the Pearl Institute. For more info, see: ~~~ Find all of the previous , and in the MiB feed on , , , and . And find the entire musical playlist of Musical Intro: Everyone on Wall Street is looking for an edge. We deploy quant models, hire analysts, run various simulations, All to gain the slightest advantage that might be worth a few basis points over a year. But what if you were overlooking a giant source of alpha? I’m Barry Ritholtz. And on today’s edition of at the money, we’re going to discuss how Wall Street has been using personal health to gain a competitive advantage to help us understand all of this and its implications for your portfolio. Let’s bring in Phil Perlman. Previously, he served as executive editor at Stocktwits and was chief behavioral officer at the Bank of the Ozarks. Today he runs the Pearl Institute, focusing on personal health and the process of making effective change. So Phil, let’s just start with a basic question. What is Fitness Alpha? Fitness alpha is a model of performance, and we can derive alpha in markets from so many different areas. And, you know, just as a very brief primer, for those who might not know, alpha is this idea of how much we outperform. So if our benchmark is the S& P 500, we’re a money manager, and we make 25 percent in a year when the market’s up 20%. That’s 5% Percent of alpha and so forth. If we’re, if we’re up 15%, that’s 5% of negative alpha. If the market’s up 20%. And so where do you get the alpha from and you know, do you get it from information, do you get it from having a certain model? There’s different sources and there’s one source that is just a very simple source of alpha that nobody. Is talking about, nobody has ever talked about it. And it’s basically the outperformance we derive from our health, the healthier we get, the better we perform across multiple areas of function. So give us a few examples of some of those multiple functions that create an advantage in the financial marketplace. Well, markets are a competitive endeavor, and we know from years of research that health, the better, the more healthy we get, the better we perform across multiple areas of function, including stress tolerance. Right. So the markets are stressful. 2022, anybody who’s involved with markets for years, think of 2022 for one moment, and you know, it was a stressful time and bear markets occur periodically. I don’t know, every five or six years. And so when we have bear markets and we’re able to tolerate stress more adaptively, our performance will improve not only stress tolerance, but emotional regulation and emotional control, how we’re able to control our emotions, how we’re able to cope with our emotions. Do they affect us behaviorally? Do we go on tilt or do we remain rational during volatile periods. This sounds like you’re referring to fitness alpha helps you make better decisions, especially in times of volatility. Absolutely. And there are so many different areas, for example, stamina and resilience, right? I mean, money managers have pressure, Even during bull markets, because everybody’s sort of chasing returns and that is a stressor. So it’s not just during periods of volatility in bear markets, you get it in bull markets alike and our ability to bounce back. So just to go back to your other question, there’s so many different areas and that’s why I’m harping on it. Resilience. We bounce back better, the healthier that we get, we recuperate faster. We’re able to To stay focused longer, long days. We can put in long days after long days, our charisma, our self confidence and the way we are perceived by others. You and I have spoken about this previously, and you have mentioned that this has quietly become a thing on wall street, more trading desks, more funds are internally discussing fitness alpha. Explain a little bit about what’s happening on the street. Well, you know, there was a moment, you know, and this goes back 30 some odd years, but there was a moment. When Tiger Woods won the masters, he changed the game of golf forever because before Tiger Woods, none of the golfers really thought about their physical health. And all of a sudden here comes a young golfer who’s in better shape than anybody else out there and he’s crushing the ball and he is able to manage his emotional world, his stress and stay ice cold, even with the greatest pressure on him. And after Tiger Woods, now you go and you look at the tour, almost everybody is incredible conditioning. And so you’re starting to really see something similar to that happen on wall street, especially, um, at the highest tiers and in the hedge fund industry. I’ve had numerous clients who’ve come to me with, uh, metabolic health problems with, uh, alcohol and other substance problems. And they begin to get those under control. And then all of a sudden they have more energy, they bounce back quicker, their resilience improves. And they’re performing better and feeling like it’s a more sustainable thing than being day to day and hour to hour. So let’s talk about some of the areas of health that you focus on. You touched on drinking, you touched on metabolism, which I assume involves nutrition. What are the areas that you can derive fitness alpha from? Well, here’s the thing about that. I’d like to keep things really, really simple. Okay. And if you go out there, there’s a thousand books and there’s 10, 000 hours of podcasts focusing on health and wellbeing these days. And they get very, very granular. And there’s a lot of debates and arguments and, you know, mitochondria and VO two max, and there’s a thousand buzzwords. I like to keep it very, very simple. And from my point of view, there are four elements of health that we can focus on. And if we can just get a little bit better, we don’t have to get 1 percent better every day. We could just get 5 percent better a year. And if we do that year after year, and those four areas, those four elements of good health. or nutrition, what we put into the only body that we are ever issued on this earth body movement, which is exercise, which includes cardiovascular, you know, aerobic exercise, and also anaerobic exercise or resistance training. Uh, it also includes sleep and rest and how we allow our bodies to heal, uh, over time, whether that’s sleeping or whether that’s taking a day off or two, if we’re injured and social and family and love. And that’s the fourth one. It’s a very surprising one when I mentioned that, but huge alpha in a relationship and love, uh, focus. Sleep, nutrition, exercise, social. All right. So those are the four big areas. So within those four areas, someone listening to this, whether they’re a trader or a fund manager or, uh, driving a truck or working in a retail store, what do they need to do to generate that performance boost to generate that fitness alpha in those four areas? Well, all you have to do is get a little bit better at a time. All you have to do is get incrementally better over time. You don’t have to try. To blow the lights out. Hey, I’m going to start exercising six times a day. I’m going to completely change my diet. I’m going to do all these things. You don’t have to get super duper gung ho. And I would say that for each person, there is a gateway drug in a good way. You know, not a gateway bad drug, but a gateway good drug. There’s a place to start. And it really, there’s individual differences. And it’s dependent on the person. I’ll give you a few examples. If you have somebody who really does not move their body. and they’re gaining weight over the years, begin to move your body. And that can be as simple as just walking. Walking is an incredible thing. You get outside, you get into the fresh air. Maybe you turn notifications off on your phone and you just begin to get the blood flowing. And the body movement for other people. Hey, you might have people who love food, who are good cooks. Maybe their gateway drug is to say, Hey, I’m going to really begin this by focusing on my nutrition and you don’t have to do anything fancy there. You could keep it stupid, simple there too. And just start eating real foods with very few ingredients. and staying away from ultra processed foods and staying away from foods that have a lot of added sugar. The one other thing that I thought of when you asked me that question was this, that I find that substance abuse and alcohol abuse. It’s very prominent in our culture and extremely prominent among professional market participants. And we know, especially as we age that alcohol and other substances affect our performance and affect our brains very, very significantly. And so if you could get a handle on that, that would be another fantastic gateway. So let’s say we all start moving a little more. We start eating better. We cut the cigarettes and that glass of wine with dinner. How does that show up in our portfolios? What sort of advantages accrue to us? Well, it begins with executive functioning. And it begins with decision making, and this is a direct relationship to the ideas coming from behavioral economics, um, and this idea that we are not always rational decision maker. And the better, you know, I always use, I always, whenever I hear the word rational, I, I, I substitute the word wise. Right. So we are not always wise decision makers. And we know that the average human suffers from loss aversion. And we know that there’s anxiety related to losses, especially. And so when we are even incrementally. improving our ability to make decisions, to make wise decisions. That’s really where we experience alpha, where we make better decisions that affect our portfolio, that improve our performance. And are there any fringe benefits to this besides just improving our portfolios? Well, that’s actually a beautiful question because I’m actually flipping the primary use case. You know, when people talk about getting healthier, they’re not talking about improving your portfolio. They’re talking about extending your life and staying healthy for longer and improving your mood and improving your relationships and improving your quality of life. And so really the fringe benefits are just incredibly central. And some would argue primary. I mean, let’s say if you were not an investor or market participant, and I was talking to you about this, I would be making the same exact case related to, Hey, well, wouldn’t you like, you know, we’re only here once. Wouldn’t you like to stay healthier longer? And so that you can enjoy life for a longer period of time. So this sounds like this is not just for wall street traders and fund managers. Uh, fitness alpha sounds like it can apply to just about everybody. I built this model from my own experience, Barry. I was not a healthy person and I was kind of faking it. Like I was performing well enough professionally that I was getting by and I was making some money, but I was not thriving. And I started to get myself healthy and I started to experience this. Wow. I have more energy. Wow. I want to, I want to interrupt you because I want people to realize back in the day, You were considerably heavier. You were a big drinker. You were not in any sort of shape other than round round as a shape, but you were, you know, you, you, you were struggling. Tell us a little bit about that aha moment and tell us what you accomplished. You know, I’m like a hair club for men. Remember that commercial, the hair club for men guy. I use the product myself. So I bought You know, I mean, I got myself healthy and I was kind of You know, I was kind of faking it. I was an executive within the financial services space and I was miserable traveling too much, drinking too much, not moving my body. When I was 12 years old, 15 years old, I was an athlete, but I had gotten so far away. From who I was, you know, there’s this idea in buddhism of enlightenment This one great author once said that enlightenment is nothing mysterious. It’s really just rediscovering who you always were And so I felt like as I started really getting healthy getting my mind and body in shape That I started really rediscovering who I was getting back to me and lo and behold Uh, I started performing better across all aspects of my life. So to wrap up, fitness alpha is how Wall Street finds yet another edge to enhance their performance, but it’s not just for Wall Street professionals. We sleep better, we eat better, we move, we have better social relationships. Not only does that show up in our portfolios. But it also shows up in extended lifespans and healthier for longer as part of your alpha. I’m Barry Ritholtz and you are listening to Bloomberg’s at the Money ~~~KANSAS CITY, Mo. — Taylor Swift once raved about the sweet potato casserole served at a New York City restaurant and now that recipe pops up every now and again at Thanksgiving. The holidays encourage many of us to try new recipes. Social media right now is flooded with recipes for appetizers, side dishes and desserts. Anyone making that cornbread casserole from TikTok? While we might not get to share a Thanksgiving feast with Swift — is your name Blake Lively? — or other celebrities beloved by Kansas City, we can eat like them. So here’s the recipe for that casserole Swift loved so much, and favorite family side dish recipes from Donna Kelce and Eric Stonestreet. Enjoy. Travis Kelce's mother, Donna Kelce, seen here last year at her son's music festival, dined on a cheesesteak made by actor Bradley Cooper at QVC festivities in Las Vegas this week. (Emily Curiel/Kansas City Star/TNS) If we tried to guess how many holiday dinner rolls Travis Kelce and his brother, Jason Kelce, have scarfed over the years, would it be in the hundreds? Thousands? Their mom has spoken often about the batches of holiday crescent rolls she has baked over the years. Based on the recipe that won the 1969 Pillsbury Bake-Off, Pillsbury’s Magic Marshmallow Crescent Puffs , they’re now known as Mama Kelce’s Dinner Rolls. They blend the crescent roll pastry with marshmallows, cinnamon and sugar. Dinner roll or dessert? We bet they didn’t last long enough in front of Travis and Jason for that debate. Ingredients Rolls •1/4 cup granulated sugar •2 tablespoons Pillsbury Best all-purpose flour •1 teaspoon ground cinnamon •2 (8-ounce) cans refrigerated Pillsbury Original Crescent Rolls (8 Count) •16 large marshmallows •1/4 cup butter or margarine, melted Glaze •1/2 cup powdered sugar •1/2 teaspoon vanilla •2-3 teaspoons milk •1/4 cup chopped nuts Directions Make the rolls 1. Preheat oven to 375°F. Spray 16 medium muffin cups with nonstick baking spray. 2. In a small bowl, mix the granulated sugar, flour and cinnamon. 3. Separate the dough into 16 triangles. For each roll, dip 1 marshmallow into melted butter; roll in the sugar mixture. Place marshmallow on the shortest side of a triangle. Roll up, starting at shortest side and rolling to opposite point. Completely cover the marshmallow with the dough; firmly pinch edges to seal. Dip 1 end in remaining butter; place butter side down in muffin cup. 4. Bake for 12 to 15 minutes or until golden brown. 5. When done, remove from the oven and let the puffs cool in the pan for 1 minute. Remove rolls from muffin cups; place on cooling racks set over waxed paper. Make the glaze and assemble In a small bowl, mix the powdered sugar, vanilla and enough milk for desired drizzling consistency. Drizzle glaze over warm rolls. Sprinkle with nuts. Serve warm. Eric Stonestreet attends 'Eric Stonestreet visits The SiriusXM Hollywood Studios in Los Angeles' at SiriusXM Studios on Oct. 8, 2019, in Los Angeles. (Emma McIntyre/Getty Images for SiriusXM/TNS) Thanksgiving is one of the “Modern Family” star’s favorite holidays. Three years ago, as part of a campaign honoring hometown heroes , he shared one of his favorite recipe with McCormick Spices: Roasted Brussels Sprouts with Bacon and Butternut Squash . This recipe serves eight. Ingredients •1 pound Brussels sprouts, trimmed and halved •1 pound butternut squash, peeled and cut into bite-size cubes •1 tablespoon olive oil •1/2 teaspoon garlic powder •1/2 teaspoon thyme leaves •1/2 teaspoon salt •1/4 teaspoon ground black pepper •5 slices bacon, chopped •1 shallot, finely chopped •1/2 cup dried cranberries •1/4 cup balsamic vinegar •1 teaspoon whole grain mustard •1/2 cup chopped pecans, toasted (optional) •1/3 cup crumbled blue cheese, (optional) Directions 1. Preheat oven to 475°F. Spray large shallow baking pan with no stick cooking spray; set aside. Place Brussels sprouts and squash in large bowl. Drizzle with olive oil and sprinkle with garlic powder, thyme, salt and pepper; toss to coat evenly. Spread in single layer on prepared pan. 2. Roast 16 to 18 minutes or until tender and lightly browned, stirring halfway through cooking. 3. Meanwhile, cook bacon in medium skillet on medium heat about 6 minutes or until crispy. Remove using slotted spoon and place on paper towels to drain. Add shallot to same skillet; cook and stir 2 minutes until softened and lightly browned. Stir in cranberries, vinegar and mustard until well blended. Transfer mixture to small bowl; set aside. 4. Arrange roasted Brussels sprouts and squash on serving platter. Drizzle with cranberry balsamic glaze and toss gently to coat. Sprinkle with cooked bacon, toasted pecans, and crumbled blue cheese, if desired. Serve immediately. Donna Kelce, left, mother of Chiefs tight end Travis Kelce watched the game with pop superstar Taylor Swift, center, during the first-half on Sunday, Sept. 24, 2023, at GEHA Field at Arrowhead Stadium in Kansas City. (Tammy Ljungblad/Kansas City Star/TNS) Swift gushed about the sweet potato casserole served at Del Frisco’s Grille in New York City, a dish crowned with a crunchy candied pecan and oatmeal crumble. “I’ve never enjoyed anything with the word casserole in it ever before, but it’s basically sweet potatoes with this brown sugary crust,” she told InStyle. ”Oh my God, it’s amazing.” The media rushed to find the recipe, which Parade has published this Thanksgiving season . “Similar to T. Swift herself, we think this recipe is a mastermind, especially if you’ve been asked to bring the sweet potato side dish to this year’s Thanksgiving feast. It seriously begs the question: who needs pumpkin pie?” the magazine writes. Ingredients •4 lbs sweet potatoes •1⁄3 cup oats •12 oz unsalted butter, divided •1⁄2 cup packed brown sugar •1⁄2 cup toasted pecans •1⁄2 cup granulated sugar •1 tsp kosher salt •2 tsp vanilla extract •4 large eggs, beaten Directions Preheat oven to 375°F. 1. Scrub sweet potatoes. Pierce each several times with a fork and wrap tightly in foil. Place on a sheet pan. Bake 90 minutes or until tender. Set aside until cool enough to handle. 2. Meanwhile, place oats in a food processor; process 1 minute. Add 4 oz butter, brown sugar and pecans; pulse five times to combine. Spread mixture on a baking sheet; bake 10 minutes. Remove from oven, crumble. Bake 5 minutes or until golden brown. 3. Melt remaining 8 oz butter. Remove skin from cooled sweet potatoes. In a large bowl, whisk sweet potatoes, melted butter, granulated sugar and remaining ingredients until slightly lumpy. Transfer to a greased baking dish, smoothing surface evenly. Top with oat mixture. Bake 12 minutes or until heated through. Make-ahead tips •Sweet potato filling can be made up to 2 days in advance. Prepare the sweet potato filling, cool, place in a casserole dish and keep refrigerated. •Oat-pecan crust can also be made up to 2 days ahead. Make the crust according to recipe directions, cool and store in an airtight container at room temperature. Sprinkle over the sweet potato filling just before baking. With our weekly newsletter packed with the latest in everything food.Giddey's triple-double sends Bulls to 116-111 win over Bucks
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Brainy, 'normal guy': the suspect in US insurance CEO's slayingLawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probeThe US Citizenship and Immigration Services ( USCIS ) will release a revised edition of Form I-129 , Petition for a Nonimmigrant Worker, on January 17, 2025. The updated form reflects changes outlined in the recently announced H-1B and H-2 modernization final rules, replacing the earlier edition dated April 1, 2024. ET Year-end Special Reads Take That: The gamechanger weapon's India acquired in 2024 10 big-bang policy moves Modi government made in 2024 How governments tried to rein in the social media beast USCIS has emphasized that there will be no grace period for the transition to the new form. Effective January 17, 2025, USCIS will reject any Form I-129 petitions submitted using the 04/01/24 edition. Petitioners must ensure they use the new 01/17/25 edition for submissions on or after this date. A preview of the revised Form I-129 and its updated instructions has been made available, but petitioners are cautioned against filing the new form before the effective date. For those filing Form I-129 on paper by mail, the following rules apply: The 04/01/24 edition of Form I-129 will be accepted if received before January 17, 2025. The 04/01/24 edition will not be accepted if received on or after January 17, 2025. The 01/17/25 edition of Form I-129 will be accepted only if received on or after January 17, 2025. Form I-129 explained Form I-129, also known as the Petition for a Nonimmigrant Worker, is a critical document used in employment-based immigration to the United States. Employers or prospective employers file this form with the U.S. Citizenship and Immigration Services (USCIS) to sponsor a nonimmigrant worker for specific employment-based visa categories. 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