Newsy’s Casey Mendoza gives us a history lesson on the familiar forest figure.
In a long line of famous bears, one stands out.
“Only you can prevent forest fires,” says Smokey Bear.
Without Smokey Bear protecting their home, the other caring, crude and cuddly bears might not have a place to stomp around.
Smokey’s story goes back to World War II. Many firefighters were deployed overseas and at home there were fears enemy attacks could spark deadly blazes. The U.S. Forest Service organized a campaign to help prevent forest fires, and suddenly it was everyone’s duty to help.
Related StorySmokey Bear Turns 73 As Wildfires Are On The Rise
In 1942 Walt Disney let the Forest Service use “Bambi” in promotional material, but only for a year.
So, on August 9, 1944 the Forest Service and the Ad Council gave birth to a new face of wildfire prevention: Smokey Bear.
The slogan “Smokey says care will prevent nine out of 10 forest fires,” accompanied his first image.
Smokey’s popularity grew and in 1947 he adopted a new signature phrase: “Only you can prevent forest fires!”
In 2001 that was updated to “Only you can prevent wildfires.”
In 1950, Smokey came to life. Firefighters discovered a young bear cub who was burned after a fire in New Mexico. They named him Smokey.
He went to live at the National Zoo in Washington. The real-life Smokey died in 1976, but today the original Smokey Bear lives on with his message still loud and clear, over 75 years later.
Gummy Bears, Epsom salts and $50 bottles of Champagne — if you were vaccinated at a pharmacy, we want to know what you impulsively bought while hanging out after your shot.
While waiting the 15 minutes to make sure there was no adverse reaction to my Covid shot, I felt the pull to browse the nail polish and makeup aisles. My colleague bought Cheddar and Sour Cream Ruffles and a bottle of Listerine. A friend and her partner picked up bags of candy and Ace bandages. While we landed on being practical, others have been more celebratory, bringing home bottles of bubbly.
As friends and family are swapping their “treat yourself” purchase stories after their vaccine appointments, we want to hear from our readers about what you bought. Did you buy something delightful, or were you more practical? A selection of stories will be reinterpreted by a Times photographer and presented as an essay about the small pleasures we’re finding as we slowly return to the world.
At the H Mart on Broadway at 110th Street in Manhattan, the lights are bright on the singo pears, round as apples and kept snug in white mesh, so their skin won’t bruise. Here are radishes in hot pink and winter white, gnarled ginseng grown in Wisconsin, broad perilla leaves with notched edges, and almost every kind of Asian green: yu choy, bok choy, ong choy, hon choy, aa choy, wawa choy, gai lan, sook got.
The theme is abundance — chiles from fat little thumbs to witchy fingers, bulk bins of fish balls, live lobsters brooding in blue tanks, a library of tofu. Cuckoo rice cookers gleam from the shelves like a showroom of Aston Martins. Customers fill baskets with wands of lemongrass, dried silvery anchovies, shrimp chips and Wagyu beef sliced into delicate petals.
For decades in America, this kind of shopping was a pilgrimage. Asian-Americans couldn’t just pop into the local Kroger or Piggly Wiggly for a bottle of fish sauce. To make the foods of their heritage, they often had to seek out the lone Asian grocery in town, which was salvation — even if cramped and dingy, with scuffed linoleum underfoot and bags of rice slumped in a corner.
1.5 percent of the American population was of Asian descent.
beaten to death in Detroit by two white autoworkers who were reportedly angered by the success of the Japanese car industry. Asian-Americans, a disparate group of many origins that had historically not been recognized as a political force, came together to condemn the killing and speak in a collective voice.
Today, as they again confront hate-fueled violence, Asian-Americans are the nation’s fastest-growing racial or ethnic group, numbering more than 22 million, nearly 7 percent of the total population. And there are 102 H Marts across the land, with vast refrigerated cases devoted to kimchi and banchan, the side dishes essential to any Korean meal. In 2020, the company reported $1.5 billion in sales. Later this year, it’s set to open its largest outpost yet, in a space in Orlando, Fla., that is nearly the size of four football fields.
And H Mart has competition: Other grocery chains that specialize in ingredients from Asia include Patel Brothers (Patel Bros, to fans), founded in Chicago; and, headquartered in California, Mitsuwa Marketplace and 99 Ranch Market — or Ranch 99, as Chinese speakers sometimes call it. They’re part of a so-called ethnic or international supermarket sector estimated to be worth $46.1 billion, a small but growing percentage of the more than $653 billion American grocery industry.
Japanese Breakfast, in her new memoir, “Crying in H Mart,” published last month. The book begins with her standing in front of the banchan refrigerators, mourning the death of her Korean-born mother. “We’re all searching for a piece of home, or a piece of ourselves.”
As the 20th-century philosopher Lin Yutang wrote, “What is patriotism but the love of the food one ate as a child?”
For an immigrant, cooking can be a way to anchor yourself in a world suddenly askew. There is no end to the lengths some might go to taste once more that birthday spoonful of Korean miyeok guk, a soup dense with seaweed, slippery on the tongue, or the faintly bitter undertow of beef bile in Laotian laap diip (raw beef salad).
When Vilailuck Teigen — the co-author, with Garrett Snyder, of “The Pepper Thai Cookbook,” out in April — was a young mother in western Utah in the 1980s, she ordered 50-pound bags of rice by mail and drove 150 miles to Salt Lake City to buy chiles. She had no mortar and pestle, so she crushed spices with the bottom of a fish-sauce bottle.
Snackboxe Bistro in Atlanta, was a child in a small town in east-central Alabama, where her family settled after fleeing Laos as refugees. They fermented their own fish sauce, and her father made a weekly trek to Atlanta to pick up lemongrass and galangal at the international farmers’ market.
The essayist Jay Caspian Kang has described Americans of Asian descent as “the loneliest Americans.” Even after the government eased restrictions on immigration from Asia in 1965, being an Asian-American outside major cities often meant living in isolation — the only Asian family in town, the only Asian child at school. A grocery store could be a lifeline.
When the writer Jenny Han, 40, was growing up in Richmond, Va., in the ’90s, her family shopped at the hole-in-the-wall Oriental Market, run by a woman at their church. It was the one place where they could load up on toasted sesame oil and rent VHS tapes of Korean dramas, waiting to pounce when someone returned a missing episode.
A few states away, the future YouTube cooking star Emily Kim — better known as Maangchi — was newly arrived in Columbia, Mo., with a stash of meju, bricks of dried soybean paste, hidden at the bottom of her bag. She was worried that in her new American home she wouldn’t be able to find such essentials.
Then she stumbled on a tiny shop, also called Oriental Market. One day the Korean woman at the counter invited her to stay for a bowl of soup her husband had just made.
“She was my friend,” Maangchi recalled.
Kim’s Convenience” might say, a sneak attack. Once Brian Kwon entered the office, he never left. “My father called it his ‘golden plan,’ after the fact,” he said ruefully. He is now a co-president, alongside his mother and his sister, Stacey, 33. (His father is the chief executive.)
For many non-Asian customers, H Mart is itself a sneak attack. On their first visit, they’re not actually looking for Asian ingredients; customer data shows that they’re drawn instead to the variety and freshness of more familiar produce, seafood and meat. Only later do they start examining bags of Jolly Pong, a sweet puffed-wheat snack, and red-foil-capped bottles of Yakult — a fermented milk drink that sold out after it appeared in Ms. Han’s best-selling novel-turned-movie “To All The Boys I’ve Loved Before.”
To be welcoming to non-Koreans, H Mart puts up signs in English. At the same time, the younger Mr. Kwon said, “We don’t want to be the gentrified store.” So while some non-Asians recoil from the tanks of lobsters, the Kwons are committed to offering live seafood.
Sunday Family Hospitality Group, in San Francisco, remembers the H Mart of his youth in New Jersey as “just the Korean store” — a sanctuary for his parents, recent immigrants still not at ease in English. Everyone spoke Korean, and all that banchan was a relief: His mother would pack them in her cart for dinner, then pretend she’d made them herself.
Later, as a teenager, he started seeing his Chinese- and Filipino-American friends there, too, and then his non-Asian friends. Spurred by postings on social media, young patrons would line up to buy the latest snack sensation — “the snack aisle is notorious,” Mr. Hong said — like Haitai honey butter chips and Xiao Mei boba ice cream bars. (The current craze: Orion chocolate-churro-flavored snacks that look like baby turtles.)
In “Mister Jiu’s in Chinatown,” a new cookbook by the chef Brandon Jew and Tienlon Ho, Mr. Jew, 41, recalls Sunday mornings in San Francisco with his ying ying (paternal grandmother in Cantonese), taking three bus transfers to traverse the city, on a mission for fresh chicken — sometimes slaughtered on the spot — and ingredients like pea shoots and lotus leaves.
He still prefers “that Old World kind of shopping,” he said, from independent vendors, each with his own specialties and occasional grouchiness and eccentricities. But he knows that the proliferation of supermarkets like H Mart and 99 Ranch makes it easier for newcomers to Asian food to recreate his recipes.
“Access to those ingredients leads to a deeper understanding of the cuisine,” he said. “And that in turn can become a deeper understanding of a community and a culture.”
Chai Pani in Asheville, N.C., and Atlanta, feels that something is lost when you buy paneer and grass-fed ghee at a Whole Foods Market. You miss the cultural immersion, he says, “getting a dunk and having horizons broadened.”
“An Indian grocery is not just a convenience — it’s a temple,” he said. “You’re feeding the soul. Come in and pick up on the energy.”
In the TV special “Luda Can’t Cook,” which premiered in February, Mr. Irani takes the rapper Ludacris to Cherians, an Indian supermarket in Atlanta. Once Mr. Irani had to scrounge for spices like cumin and turmeric at health food stores; now, surrounded by burlap sacks stuffed with cardamom pods and dried green mango, he tells Ludacris, “This is my house.”
Min Jin Lee, 52, remembers how important H Mart was to people working in Manhattan’s Koreatown in the ’80s, when it was still called Han Ah Reum and “tiny, with almost no place to negotiate yourself through the aisles,” she said. (It has since moved across West 32nd Street to a larger space.) Her parents ran a jewelry wholesale business around the corner, and relied on the store for a cheap but substantial dosirak (lunch box) that came with cups of soup and rice.
She sees the modern incarnation of the store as a boon for second- and third-generation Korean Americans, including thousands of Korean-born adoptees raised by white American parents, who “want to find some sort of connection to the food of their families,” she said. “There aren’t gatekeepers to say who’s in or who’s out.”
BTS — anti-Asian sentiment is growing. With visibility comes risk.
For Ms. Lee, this makes H Mart a comfort. “I like going there because I feel good there,” she said. “In the context of hatred against my community, to see part of my culture being valued — it’s exceptional.”
President Biden said on Monday that the United States would “disrupt and prosecute” a criminal gang of hackers called DarkSide, which the F.B.I. formally blamed for a huge ransomware attack that has disrupted the flow of nearly half of the gasoline and jet fuel supplies to the East Coast.
The F.B.I., clearly concerned that the ransomware effort could spread, issued an emergency alert to electric utilities, gas suppliers and other pipeline operators to be on the lookout for code like the kind that locked up Colonial Pipelines, a private firm that controls the major pipeline carrying gasoline, diesel and jet fuel from the Texas Gulf Coast to New York Harbor.
The pipeline remained offline for a fourth day on Monday as a pre-emptive measure to keep the malware that infected the company’s computer networks from spreading to the control systems that run the pipeline. So far, the effects on gasoline and other energy supplies seem minimal, and Colonial said it hoped to have the pipeline running again by the end of this week.
The attack prompted emergency meetings at the White House all through the weekend, as officials tried to understand whether the episode was purely a criminal act — intended to lock up Colonial’s computer networks unless it paid a large ransom — or was the work of Russia or another state that was using the criminal group covertly.
the Washington, D.C., Police Department, have also been hit.
The explosion of ransomware cases has been fueled by the rise of cyberinsurance — which has made many companies and governments ripe targets for criminal gangs that believe their targets will pay — and of cryptocurrencies, which make extortion payments harder to trace.
In this case, the ransomware was not directed at the control systems of the pipeline, federal officials and private investigators said, but rather the back-office operations of Colonial Pipeline. Nonetheless, the fear of greater damage forced the company to shut down the system, a move that drove home the huge vulnerabilities in the patched-together network that keeps gas stations, truck stops and airports running.
A preliminary investigation showed poor security practices at Colonial Pipeline, according to federal and private officials familiar with the inquiry. The lapses, they said, most likely made the act of breaking into and locking up the company’s systems fairly easy.
executive order in the coming days to strengthen America’s cyberdefenses, said there was no evidence that the Russian government was behind the attack. But he said he planned to meet with President Vladimir V. Putin of Russia soon — the two men are expected to hold their first summit next month — and he suggested Moscow bore some responsibility because DarkSide is believed to have roots in Russia and the country provides a haven for cybercriminals.
“There are governments that turn a blind eye or affirmatively encourage these groups, and Russia is one of those countries,” said Christopher Painter, the United States’ former top cyberdiplomat. “Putting pressure on safe havens for these criminals has to be a part of any solution.”
Colonial’s pipelines feed large storage tanks up and down the East Coast, and supplies seem plentiful, in part because of reduced traffic during the pandemic. Colonial issued a statement on Monday saying its goal was to “substantially” resume service by the end of the week, but the company cautioned that the process would take time.
mounted a not-so-secret effort to put malware in the Russian grid as a warning.
But in the many simulations run by government agencies and electric utilities of what a strike against the American energy sector would look like, the effort was usually envisioned as some kind of terrorist strike — a mix of cyber and physical attacks — or a blitz by Iran, China or Russia in the opening moments of a larger military conflict.
But this case was different: a criminal actor who, in trying to extort money from a company, ended up bringing down the system. One senior Biden administration official called it “the ultimate blended threat” because it was a criminal act, the kind the United States would normally respond to with arrests or indictments, that resulted in a major threat to the nation’s energy supply chain.
By threatening to “disrupt” the ransomware group, Mr. Biden may have been signaling that the administration was moving to take action against these groups beyond merely indicting them. That is what United States Cyber Command did last year, ahead of the presidential election in November, when its military hackers broke into the systems of another ransomware group, called Trickbot, and manipulated its command-and-control computer servers so that it could not lock up new victims with ransomware. The fear at that time was that the ransomware group might sell its skills to governments, including Russia, that sought to freeze up election tabulations.
On Monday, DarkSide argued it was not operating on behalf of a nation-state, perhaps in an effort to distance itself from Russia.
“We are apolitical, we do not participate in geopolitics, do not need to tie us with a defined government and look for our motives,” it said in a statement posted on its website. “Our goal is to make money and not creating problems for society.”
The group seemed somewhat surprised that its actions resulted in closing a major pipeline and suggested that perhaps it would avoid such targets in the future.
“From today we introduce moderation and check each company that our partners want to encrypt to avoid social consequences in the future,” the group said, though it was unclear how it defined “moderation.”
DarkSide is a relative newcomer to the ransomware scene, what Ms. Neuberger called “a criminal actor” that hires out its services to the highest bidder, then shares “the proceeds with ransomware developers.” It is essentially a business model in which some of the ill-gotten gains are poured into research and development on more effective forms of ransomware.
The group often portrays itself as a sort of digital Robin Hood, stealing from companies and giving to others. DarkSide says it avoids hacking hospitals, funeral homes and nonprofits, but it takes aim at large corporations, at times donating its proceeds to charities. Most charities have turned down its offers of gifts.
One clue to DarkSide’s origins lies in its code. Private researchers note DarkSide’s ransomware asks victims’ computers for their default language setting, and if it is Russian, the group moves along to other victims. It also seems to avoid victims that speak Ukrainian, Georgian and Belarusian.
Its code bears striking similarities to that used by REvil, a ransomware group that was among the first to offer “ransomware as a service” — essentially hackers for hire — to hold systems hostage with ransomware.
“It appears this was an offshoot that wanted to go into business for themselves,” said Jon DiMaggio, a former intelligence community analyst who is now the chief security strategist of Analyst1. “To get access to REvil’s code, you’d have to have it or steal it because it’s not publicly available.”
DarkSide makes smaller ransom demands than the eight-figure sums that REvil is known for — somewhere from $200,000 to $2 million. It puts a unique key in each ransom note, Mr. DiMaggio said, which suggests that DarkSide tailors attacks to each victim.
“They’re very selective compared to most ransomware groups,” he said.
Shops in Hamburg, Germany, have been pushed to the brink by lockdowns and curfews in the pandemic and the uncertainty of when a return to something like normal may happen.
Jack Ewing and Hayley Austin
Germany is known for luxury cars, machine tools and other goods that have protected the overall economy from the worst effects of the pandemic. But Germany is also a nation of shopkeepers, small operations whose employees are often from the same family.
These businesses have been pushed to the brink of existence by lockdowns, quarantines and other restrictions that often change from day to day. Vaccines are in short supply and intensive care units are filling up, prompting Chancellor Angela Merkel’s government to impose a nationwide curfew last month in areas with high infection rates.
In the port city of Hamburg, retailers are improvising to try to survive.
Théodora Vezo, the owner of a boutique that bears her name, took customers by appointment and changed her window displays of clothing and accessories much more often.
German Retail Association said they feared bankruptcy.
More than two-thirds of Ms. Bouquet’s hat sales used to come from theater productions, which are at a standstill. “That was the last straw,” Ms. Bouquet said. Her revenue fell by about half last year. While she will continue to make hats to order for theater customers in her atelier, she said, she closed the storefront permanently in February.
The Bill and Melinda Gates Foundation started with ambitions that, by its lofty standards today, appear almost quaint: providing free internet access to public libraries in the United States. As its founders’ objectives grew in scope, so did the foundation’s reach, until it achieved its current position as the pre-eminent private institution in global public health.
With 1,600 staff members directing $5 billion in annual grants to 135 countries around the globe, the Gates Foundation set a new standard for private philanthropy in the 21st century.
All of that was thrown into question on Monday when the world learned that the foundation’s co-chairs, who had been married for 27 years, filed for divorce in Washington State. Grant recipients and staff members alike wondered what would happen and whether it might affect the mission.
The message from the headquarters in Seattle was clear: Bill and Melinda Gates may be splitting up, but the Bill and Melinda Gates Foundation isn’t going anywhere. Their roles as co-chairs and trustees are not changing, and they will still set the agenda for the organization that bears their names. In an email on Monday, the Gates Foundation’s chief executive, Mark Suzman, reassured the staff that both Mr. and Ms. Gates remained committed to the organization.
observers noted that Ms. Gates had added her maiden name, French, to her Twitter profile.
The couple deployed their connections last year in response to the pandemic, calling leaders like Chancellor Angela Merkel of Germany and Crown Prince Mohammed bin Zayed of Abu Dhabi to drum up support for their plans. The foundation has committed $1.75 billion so far to its Covid-19 response, and played a key role in shaping the global deal to bring vaccines to poor countries.
That prominence has also brought a fair share of scrutiny, throwing a spotlight on Mr. Gates’s robust defense of intellectual property rights — in this case, specific to vaccine patents — even in a time of extreme crisis, as well as the larger question of how unelected wealthy individuals can play such an outsize part on the global stage.
“In a civil society that is democratic, one couple’s personal choices shouldn’t lead university research centers, service providers and nonprofits to really question whether they’ll be able to continue,” said Maribel Morey, founding executive director of the Miami Institute for the Social Sciences.
reported earlier by Bloomberg.
Before the news of the divorce broke, the Gates Foundation had been in the midst of a period of upheaval. The pandemic shuttered its headquarters in Seattle even as staff members drawn from the top ranks of government health agencies and the pharmaceutical industry worked to muster a response to the deadly, rapidly spreading new coronavirus.
And as his public profile during the pandemic grew, so did spurious conspiracy theories such as that the global immunization effort was a cover for Mr. Gates to implant microchips to track people, blatantly false but still damaging as misinformation increased vaccine hesitancy.
Then Mr. Gates’s father, Bill Gates Sr., also a foundation co-chair, died in September. The elder Mr. Gates had initially taken the lead on his son’s charitable endeavors while the younger Mr. Gates was still at the helm of Microsoft. Bill Gates Sr. was viewed by many as a calm voice and a moral compass within the organization, even as he had stepped back in recent years.
The third trustee, the billionaire investor Warren E. Buffett, turned 90 last year and has begun to discuss succession plans at his company, Berkshire Hathaway.
Dr. Morey said the recent changes could also present an opportunity to create a large, diverse board while increasing visibility into the foundation’s decision-making. “Part of the anxiety is coming from the lack of transparency in the day-to-day activities of the Gates Foundation,” she said.
Forbes estimates at $124 billion. The divorce won’t affect the money that has already been given to the foundation trust, but the couple may devote less money to it over time than they would have if they had stayed together.
“People are right to feel unmoored in terms of the direction of the foundation,” said Ms. Tompkins-Stange of the University of Michigan. “There’s a lot of ambiguity, as there might be in any divorce situation, but they seem committed to co-parenting the foundation.”
MADRID — Mariano Puig, who helped transform his family-owned Spanish perfume maker into an international fashion house that encompasses the brands Paco Rabanne, Nina Ricci, Carolina Herrera and Jean Paul Gaultier, died on April 13 in Barcelona. He was 93.
Puig, the company that bears the family name, confirmed the death.
As a member of the second generation to run the company, Mr. Puig significantly expanded its presence overseas, particularly in the 1960s, when Puig opened offices in the United States and struck an alliance with Mr. Rabanne, a Spanish fashion designer whose celebrity status in Paris gave Puig better access to the French market.
Puig eventually took over Paco Rabanne and other major brands. One of Mr. Puig’s five children, Marc Puig, is the current chairman and chief executive of the company, which was founded by Mariano Puig’s father, Antonio, in 1914.
Puig had revenues of about €2 billion, or $2.4 billion, in 2019. It is one of the few major fashion businesses still under the ownership of its original family in a luxury goods sector dominated by conglomerates like Kering and LVMH Moët Hennessy Louis Vuitton.
United Nations building in New York. The drawing became the design for the bottle of their first successful perfume, called Calandre. Puig eventually took over Mr. Rabanne’s entire business, including his fashion house.
Mr. Puig followed a similar path in the 1980s with Carolina Herrera, the Venezuelan fashion designer, who had gained fame in New York. They launched a perfume brand together before Puig took over her fashion house as well, in 1995.
Mr. Puig was chief executive of the company until 1998 and then chairman of Exea, the holding company through which his family controls Puig, for another five years.
He was a supporter of family corporate ownership and helped found the Spanish Family Business Institute in Barcelona. José Luis Blanco, its director general, paid homage to Mr. Puig as a key player in the overhaul of Spanish industry, which had been left in tatters by the civil war and did not have the benefit of recovery funds from the Marshall Plan after World War II.
Alongside a few other business leaders of his generation, Mr. Puig “managed to transform this nation from ruins into the modern and dynamic country that we have today,” Mr. Blanco said.
Along with his son Marc, Mr. Puig is survived by his wife; a brother, José María; four other children, Marian, Ana, Ton and Daniel; and nine grandchildren.
As one of the most prominent business tycoons of Barcelona, Mr. Puig help finance several local arts foundations and museums as well as IESE.
He sought to steer clear of politics, and he deplored the decade-long secessionist conflict in Catalonia, which reached a boiling point in 2017, when the Catalan regional government made a failed attempt to declare an independent Catalan republic, with Barcelona as its capital.
In a letter published that year in La Vanguardia, the Barcelona-based newspaper, Mr. Puig wrote: “I feel very Catalan, I feel very Spanish, and I have deep love for my city. But recently we have lived a contradiction that can only make me feel sad.”
With its decision not to distribute Sergeant Mattingly’s forthcoming book, Simon & Schuster seems to be acknowledging that a distributor bears some ethical responsibility for the books it ships, a line that it had not previously crossed.
In a letter sent to employees on Friday, Jonathan Karp, the chief executive of Simon & Schuster, apologized for “the distress and disruption” caused by the controversy. He stressed that the company would continue to publish a broad ideological range of books and would not make a practice of rejecting particular titles as a distributor.
“Although all of us involved in this decision shared an immediate and strong consensus about not wanting any role whatsoever in the distribution of this particular book, we are mindful of the unsustainable precedent of rendering our judgment on the thousands of titles from independent publishers whose books we distribute to our accounts, but whose acquisitions we do not control,” Mr. Karp wrote. Simon & Schuster declined to comment further.
Post Hill, based in Brentwood, Tenn., specializes in conservative political books and Christian titles, as well as books about business, self-help and pop culture. The company was founded in 2013 and has become an outlet for voices on the right; some of its best-selling authors include prominent conservatives like Dan Bongino, Laura Loomer and Representative Matt Gaetz of Florida. Earlier this year, Post Hill acquired books by Jim Jordan, the Ohio congressman and Trump supporter, and Dr. Ronny Jackson, a Texas congressman and Trump’s former medical adviser. It has also taken on books attacking some favorite targets of conservatives, including Dr. Anthony Fauci, former President Barack Obama and Hunter Biden.
News that Post Hill was publishing Sergeant Mattingly’s book was reported earlier by the Courier Journal in Louisville, Ky., on Thursday. On Twitter, authors including Roxane Gay, Celeste Ng and Don Winslow excoriated Simon & Schuster for its involvement.
“This is absolutely disgusting, and @simonschuster (why is it ALWAYS S&S?) should be ashamed of itself,” Ms. Ng wrote.
Publishers have increasingly had to contend with revolt from their own workers in addition to public outcry. Earlier this year, employees at major publishing houses circulated an open letter calling on companies to reject submissions by former members of the Trump administration and by those who incited or supported the violence of Jan. 6, arguing that such authors “should not be enriched through the coffers of publishing.”
HONG KONG — Teddy bears clad in black police riot gear, on sale for more than $60 apiece. Messages of gratitude to the authorities, pasted by children onto the walls of their schools. Uniformed police officers goose-stepping in formation, accompanied by a counterterrorism drill complete with a helicopter and hostage simulation.
This is National Security Education Day in Hong Kong, the first since the central Chinese government imposed a wide-ranging security law on the territory last year.
The law, a response to months of fierce and sometimes violent antigovernment protests that began in 2019, has become synonymous with the authorities’ efforts to clamp down on dissent and ensure staunch loyalty. And the panoply of activities on Thursday indicated how they plan to do so: with a mixture of cutesy cajolery and overt shows of force, for a law that an official once said should hang over Hong Kongers like a “sword of Damocles.”
“Any ‘hard resistance’ that undermines national security will be struck down by the law. Any ‘soft resistance’ will be regulated by the law,” Luo Huining, the central government’s top official in Hong Kong, said at a ceremony kicking off the day’s events.
arrest around 100 people, gut the political opposition and remake Hong Kong’s electoral system.
frequently deployed in 2019.
show of goose-stepping. Traditionally, many of the disciplined services in Hong Kong, a British colony until it was returned to Chinese rule in 1997, had marched in the British style. But the Chinese Army is known for the distinctive goose-step, in which the leg does not bend at the knee.
“After enjoying this wonderful performance,” an official website for National Security Education Day promised, viewers would be led inside to view armored vehicles, the explosives disposal team and recruitment information.
riot-gear-clad teddy bear, a pair of zip ties strapped to its chest ($62); key chains engraved with crowd-control phrases like “Disperse or we fire” and “Warning: Tear smoke” ($4 each); and a set of 18 three-inch figurines, clutching rifles and shields and bearing police warning flags about illegal assembly (“festive special offer”: $114).
It seemed unlikely that any sort of protest would break out in such a heavily fortified location. Still, officials seemed eager to forestall even a hint of the so-called soft resistance Mr. Luo had singled out in his speech. As journalists waited to enter the open house, security officers asked some who were wearing yellow or black face masks — colors associated with the pro-democracy movement — to swap them for blue ones the authorities provided.
four pro-democracy activists tried to march through parts of downtown, bearing a poster that said “Without democracy and human rights, there is no national security.” They were followed by dozens of police officers.
In other parts of the city, schoolchildren — including those in kindergarten — were enlisted in the promotion of national security. Education has been a particular focus for the authorities, who have blamed what they call biased curriculums for turning Hong Kong’s youth against the government.
On Thursday morning, many schools hosted ceremonies to raise China’s national flag and sing the national anthem (which the Hong Kong government last year made a crime to disrespect).
At the Wong Cho Bau middle school, which is run by a pro-Beijing teachers’ union, the principal told students during a morning assembly that national security should be incorporated into every part of their curriculum, including geography and biology classes, as well as weekly flag-raising ceremonies.
“These daily accumulations can help us construct our own national concept and identity, so as to achieve prosperity and glory for the country,” said the principal, Hui Chun-lung. “So everybody should study hard. If the youth are strong, then China is strong.”
Afterward, school officials showed off colorful slips of paper that students had filled out and pasted onto a “community mosaic wall.” “Please express your opinion toward the idea of ‘Support national security, guard our home,’” the prompt said.
In response, the students expressed their gratitude to the government and their relief that the pro-democracy protests had subsided. “Those people who protest everywhere are intolerable, destroying public places and hurting our home,” one student wrote.
Other students’ responses were even more effusive.
“I think the idea of supporting national security and guarding our home is extremely without problems! Support! Support! Extremely support!” one student wrote. “Whatever the national security law says, goes! I very much have no opinion!”
The sharp rise in bond yields is forcing traders to consider that they may be holding two irreconcilable ideas in their heads.
One is that the Federal Reserve has no real control over bond market interest rates. The other is that the Fed can keep the stock market aloft as long as it tries to control interest rates.
The resilience of share prices — the S&P 500 rose 5.8 percent in the first quarter — suggests that those two ideas can coexist. But if yields continue to rise, the impact on companies, consumers and homeowners and the appeal that fatter bond yields may have to investors could produce a reckoning for stocks.
“The bond market is at an inflection point that eventually is going to be recognized by the stock market,” said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. “Over the last 30 years, the bond market has only gone one way, but a change is occurring now, and it’s likely to be an abrupt one.”
CRB index, which measures a basket of commodities, rose 52 percent in the 12 months through March. Home prices rose 6 percent last year, according to the Federal Reserve Bank of St. Louis.
$1.9 trillion bill last month to help the economy after the ravages wrought by the pandemic, President Biden proposed spending $2 trillion more on infrastructure projects, albeit over several years.
That $4 trillion, give or take, would be “going into an economy saturated with $6 trillion of stimulus spending from the Trump administration,” Mr. Sri-Kumar said. So much spending is likely to push up inflation and bond yields, he said.
Michael Hartnett, chief investment strategist at Bank of America Global Research, does not expect such concerns to diminish soon.
Because of such factors as “new central bank mandates, excess fiscal stimulus,” as well as “less globalization, fading deflation from disruption, demographics, debt, we believe inflation rises in the 2020s and the 40-year bull market in bonds is over,” Mr. Hartnett said in a report.
Commodities and other hard assets should outperform in the long term, in his view, along with shares of smaller companies, value stocks and foreign stocks. The dollar, shares of big companies and bonds should do worse.
David Giroux, a portfolio manager and head of investment strategy at T. Rowe Price, said he is worried that the bill will come due for much of the government spending.
“There’s a high likelihood we will have higher corporate taxes next year,” Mr. Giroux said. “That will be a headwind for corporate earnings.”
That persuades him to avoid shares of economically sensitive companies for which “a lot of really good news is already priced in.”
He prefers “stocks with really good business models that have been left behind,” including technology giants that are off their highs, such as Amazon and Google, and companies like utilities. Other favorites include regional banks such as PNC and Huntington Bancshares.
Ms. Bitel at William Blair foresees long-term higher returns by big growth stocks. But she throws in an immense caveat: Because rising interest rates tend to force down valuations, especially on the most expensive segments of the market, there could be a sharp decline before the erstwhile Wall Street darlings excel again.
“Retail investors will be able to buy their favorite growth stocks at a 40 percent discount, but that leadership will resume,” she said, emphasizing that the 40 percent was a ballpark figure.
Ms. Bitel also suggested holding foreign stocks, in particular shares of Chinese health care companies and Japanese software companies.
Mr. Paolini recommends banks, energy and real estate, and said he is avoiding carmakers, industrial companies and home builders.
Considering the investment landscape more broadly, he said, “The outlook for the next one to three years is quite good.” Then he seemed to try to talk himself out of that belief.
“The idea that you can simply print money and everything is fine isn’t sustainable,” Mr. Paolini said. “At some point, we will realize too much has been done and the market is too high, and the situation will change quite fast. I don’t know what that level is or how far away we are from it.”