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Thursday, September 30, 2021

Popular Ocean Park Cafe Closes - SM Mirror - Santa Monica Mirror

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Westside Dining Scene, September 30, 2021

By Dolores Quintana

Tito’s Tacos and Tito’s Vodka Teaming Up

Titos’s Tacos, as reported on their Instagram page, is teaming up with Tito’s Handmade Vodka again this year to celebrate both National Taco Day and National Vodka day, which coincidentally fall on the same day which is Oct. 4. It will be a traditional Mexican Fiesta and 100% of the proceeds will be donated to the Culver City Arts Foundation. Further information is available here. You can purchase tickets at the door on Oct. 4. 

New Japanese Restaurant Now Open for Full-Service Dining

As reported by LA Weekly, Japanese restaurant Imari, has opened for full-service dining in Brentwood. The restaurant is a modern Japanese restaurant that serves cuisine in the Washuko style. The restaurant is located at 13050 San Vicente Blvd. and the space is decorated in a minimalist style. 

Sidecar Donuts Expanding

Sidecar Doughnuts will be opening a new location in Culver City, as reported by ToddrickAllen.com which should be opening in early 2022. The space already has Sidecar branded signage in the windows, as new Sidecar locations always do, and is located in the Culver Center in space 350. Sidecar has a reputation for selling some of the freshest and most innovative doughnuts in Southern California, so this is great news for Culver City. 

Malibu Italian Restaurant Coming to Palisades

As reported by What Now Los Angeles, Spruzzo Restaurant and Bar has a second location of its restaurant in the works for the Pacific Palisades. While the restaurant was announced as opening earlier this year, the space at 538 Palisades Dr. is not open as yet. Spruzzo is an Italian restaurant that features pizza and pasta and has a beer and wine list. The restaurant is aiming for a late 2021 opening to serve the Pacific Palisades. 

Popular Micro Chain to Open Near Rancho Park

Everytable, as reported by Toddrickallen.com, the micro chain that focuses on fresh and healthy food options where prices are scaled to fit the neighborhood of the individual restaurant, will be opening a location in the Culver City area. It will be opening at 10419 W. Venice Blvd and the company plans for a Nov. 12th opening. The owner Sam Polk first formed a non-profit organization to address healthy food scarcity in South Los Angeles and two years later opened the first Everytable to make it easier for everyone to find healthy and affordable food options anywhere. His plan is to open 400 Everytable restaurants in the Los Angeles area. 

Popular Ocean Park Cafe Closes

The venerable OP Cafe has closed permanently, as reported by LA Eater.com as of Sept. 26. After 40 years, the incredibly popular spot located along Santa Monica’s Ocean Park Boulevard has sadly not been profitable during the pandemic. Owner Mark Verge will transfer the remaining employees of the restaurant to his other restaurants, so they will not be losing their jobs due to the closure. The restaurant had been open since 1979.

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Great Harvest Bakery and Cafe coming to Bridgeport - WBOY.com

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Great Harvest Bakery and Cafe coming to Bridgeport  WBOY.com

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Here are the key issues facing Congress today. - The New York Times

In a pivotal week, in a make-or-break stretch for President Biden’s domestic agenda, congressional Democrats are trying to assemble a puzzle of four jagged pieces that may or may not fit together.

Making them work as a whole is critical for the party’s agenda and political prospects. Failure could have major electoral and economic consequences — including the potential of a first-ever default on the government’s debt that could precipitate a global financial crisis. Here are all the moving parts.

Lawmakers entered this week facing a critical deadline: At a second past midnight on Friday morning, the parts of the government that operate under the discretion of Congress’s annual spending process had been set to run out of money.

Oct. 1 is the beginning of the fiscal year, and with larger issues dominating their attention, the Democratic House and Senate have not completed any of the annual appropriations bills to fund the Departments of Defense, Transportation, Health and Human Services, State and Homeland Security, to name a few.

On Thursday afternoon, lawmakers averted a potential shutdown. The Senate passed a stopgap bill that would keep federal funding flowing into December and allow more time for the annual appropriations bills to be completed. The House quickly passed the bill as well, clearing the way for Mr. Biden to sign it and keep the government funded.

Raising the debt limit is akin to paying off your credit card bill at the end of the month, because a higher borrowing ceiling allows the Treasury to pay creditors, contractors and agencies money that was already extracted from them in Treasury bonds and notes or contracts. It is not for future obligations.

Republicans have made it clear that they intend to filibuster an ordinary bill to raise the debt ceiling, as they did on Monday. For Democrats to do so unilaterally, they would most likely have to use a budget process called reconciliation that shields fiscal measures from a filibuster.

Doing so is a complex and time-consuming affair. It all has to be done in the next two to three weeks, to beat the rapidly approaching “X date” when the government defaults. Janet Yellen, the Treasury secretary, told Congress on Tuesday that the deadline is Oct. 18.

In August, with rare bipartisan swagger, the Senate passed a $1 trillion bill to build or fortify roads, bridges, tunnels, transit and rural broadband networks. The 69 “yes” votes included Senator Mitch McConnell of Kentucky, the Republican leader, and 18 others from his party. Then it got more complicated.

Pressing for a quick vote on the bill, nine conservative-leaning Democrats in the House threatened to withhold their votes for the party’s $3.5 trillion budget blueprint until the Senate-passed infrastructure bill cleared their chamber. But now liberals in the House are threatening to withhold their votes for the infrastructure measure until the budget blueprint has successfully made its way through reconciliation.

Democrats’ exceedingly ambitious social policy bill, which Mr. Biden calls his “Build Back Better” plan, is packed with longstanding party priorities. The House has drafted a 2,465-page version that includes a huge array of programs to combat climate change, the extension of a generous child tax credit, universal prekindergarten, greatly expanded access to community college, increased resources for elder care and paid leave, and a Medicare expansion to cover vision, hearing and dental care — all paid for by trillions of dollars in tax increases on corporations and the wealthy.

Speaker Nancy Pelosi had hoped to put it to a vote this week, but she faced two problems: As of now, Democrats most likely do not have the votes, and Senate Democratic leaders have yet to produce a detailed bill that can draw the support of every member of their caucus.

Several conservative-leaning Democrats in both chambers, including Senators Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona, have said they cannot support the plan as proposed. And because Republicans have made it clear they are unified in their opposition, Democrats cannot afford to lose even one vote from their party in the Senate and can afford to lose as few as three votes in the House.

Mr. Biden has been negotiating with the holdouts to determine what they could support. But for now, the lack of agreement on the sprawling plan is blocking its progress — and leaving the fate of the infrastructure measure uncertain as well.

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Nashville Late-Night Institution Hermitage Cafe Is Apparently Closing - Eater Nashville

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According to social media posts and real estate records, the site of the historic Hermitage Cafe has been sold, and the late-night diner will be forced to close sometime in October. Representatives from the restaurant say an official statement will be released next week.

The diner, which served the Nashville community for decades, seems to be losing its space in the Rutledge Hill neighborhood just south of Broadway where it served all day (well, night) breakfast favorites from soul-warming biscuits and sausage gravy and pancakes to patty melts and grilled cheese sandwiches to everyone from cops and firemen to drunk socialites and songwriters that everyone respected by leaving alone, in the proper (old) Nashville way. It’s also a tried and true spot to nurse the hangover the morning after, too.

Shields Taylor first opened the diner, located a little on the outskirts of downtown at the corner of Hermitage Avenue and Middleton Street. When Taylor died he left it to his widow Pat Taylor. Pat’s daughter Sherri (Taylor) Callahan ensured that the cafe remained open after Pat’s death in 2014 — a legacy to her mother who ran the diner solo for years.

In 2015, the diner got a little interior facelift courtesy of the Food Network, which was filming for the show American Diner Revival. It still feels exactly the same — open all night from 10 p.m. to 1:30 p.m. serving comforting breakfast essentials alongside patty melts, chopped steak, fried chicken, and fried bologna sandwiches.

On Facebook, owners ask for patience and loyal patrons to come visit — and say an official statement will be released next week, but word is the cafe's final day will be sometime in October.

This loss, if and when it happens, is devastating for the already limping Nashville restaurant industry — another institution lost to the shiny and new. Another longtime neighborhood diner, Athens Family Restaurant, lost its home in Melrose earlier this year, but quickly found a new location near Belmont.

Eater Nashville will share more on this story as more information becomes available.

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Most cryptos will fail, but bitcoin could be here for good - CNN

New York (CNN)Bitcoin is among the most polarizing investments in history. Ask a skeptic, and they'll tell you it's a bubble that's about to pop. Ask a believer, and they'll tell you it's a bubble that will keep expanding forever.

Mike Novogratz, founder and CEO of crypto fund Galaxy Digital, is among the world's biggest believers in the potential for cryptocurrencies. At a CNN Business' Foreseeable Future live event Thursday, he encouraged investors to look past the often massive daily swings that bitcoin takes and look at the bigger picture.
"Bubbles and manias happen around things that fundamentally change the way we think," Novogratz told CNN's Julia Chatterley during the event. "Finance will be disrupted by decentralized systems, I'm confident of that."
Bitcoin is up about 45% this year and nearly 300% over the past 12 months, according to CoinDesk.
Much of the focus on bitcoin craze is about the underlying technology, Novogratz noted — but he thinks the crypto space represents a new investor identity beyond just looking for a return. Betting on bitcoin is about believing in a fundamental change to the way money works today.
Bitcoin traded just below $43,000 per coin Thursday. Novogratz expects it to be worth more than half a million per coin in ten years.
But while bitcoin is the biggest and most popular coin out there, there are thousands of others with much smaller market caps and likely perhaps staying power.
"I would bet 75% of cryptos don't make it" through the next decade, Novogratz added.

Regulatory reckoning coming?

Though the digital currency space is filled with hungry investors and plenty of opportunity to put money to work, one dark cloud keeps hanging over it: regulation.
It's still not clear which regulatory entity is meant to oversee the crypto market — in part because it's not clear whether the cryptocurrency is a security or a currency.
Some regulation would be useful, Novogratz said, but he expressed the importance of some freedom to innovate.
"We're all for regulation in the space," said Tavonia Evans, who founded the crypto Guapcoin to amplify the economic voice of the Black community. That's why she has been reaching out to regulators to work together on rules that make sense and don't stifle this new industry.

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Hermitage Cafe looks set to close after decades in downtown Nashville - Tennessean

This Watertown cafe is bigger than a breadbox — but not by much - The Boston Globe

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Where to O’Some CafĂ© near Watertown Square, a tiny, cheerful, month-old spot in a former vape shop. It takes customers a moment to realize they’re in a cafe called O’Some — as in awesome. The house motto is “Be O’Some All Day!”

Why Because who doesn’t want a good brew served with a smile (behind a mask)?

The back story Ricci Cheng, 31, came to the United States from Hong Kong to go to college and got a job working at the Dunkin’ Donuts in Downtown Crossing, which meant coffee was flying out of the machine and into cups. She also worked at Boston News CafĂ©, another madhouse in town. Cheng attended Bunker Hill Community College and transferred to the culinary program at Johnson & Wales, where she got a degree in nutrition. For three years, she commuted from her home in Reading to Providence in time for 7 a.m. classes, so the daunting hours that go with being a baker don’t faze her. Another job was at Cupcake City in Reading (no cupcakes in her own shop). She found the cafe space, which is across from Watertown Free Public Library and near Town Hall, during the pandemic and spent a year working on it, first finding a contractor who would return her calls, and then doing the renovation.

The drinks menu at O'Some Café in Watertown.Barry Chin/Globe Staff

What to eat There is one small oven in this slip of a place and Cheng is the only worker. She produces a small number of confections at this point. Tall squares of glazed yuzu pound cake, flavored with the citrus fruit that originated in Asia and is now grown in the United States, sit on a pedestal. Chocolate chip cookies might be hot from the oven. (Is there anything better than a hot cookie, no matter what bakers tell you about letting them cool?) “I first focused on coffee and a small amount of baked goods that I can handle,” says the cafe proprietor.

A selection of individual pound cakes at O'Some.Barry Chin/Globe Staff

What to drink Coffee ground on the premises from beans roasted at Gracenote Coffee in Boston and Cambridge, and Broadsheet in Cambridge. Cheng adds no flavorings to the brews. Her loose tea is in a filter whose top is slung over the lip of the cup. In addition to an array of hot drinks, she makes iced matcha latte, matcha soda, and yuzu expresso, which is her favorite drink (blended espresso and yuzu soda).

O'Some's decor is spotless and spare, with a sweet wall-mounted diorama that the owner's cousin made.Barry Chin/Globe Staff

The takeaway The decor is spotless and spare, with a sweet wall-mounted diorama of O’Some that Cheng’s cousin made for her. Rush hour at a downtown Dunkin’ was good training for a one-woman show in this petit space. 100 Main St., Watertown, osome-cafe.square.site


Sheryl Julian can be reached at sheryl.julian@globe.com. Follow her on Twitter @sheryljulian.

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Oliver's Cafe location in Glenville becoming Lily's Cafe, keeping menu - Albany Times Union

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GLENVILLE — Lily's Cafe, the new name of the diner building that for 28 years until the end of August was Oliver's Cafe, is being developed to open in mid- to late October with largely the same menu.

The owner, Scott McGlauflin, who is opening Lily's Cafe with his wife, Elizabeth, tells me he is sprucing up the interior and will add some menu items but will keep most of the fare as it was for nearly three decades under Claudia and Warren Bush.

"They were here for 28 years and successful for 28 years, so why mess with it?" says McGlauflin. "It was a staple in this town." Judging by the online reception to news of the reopening, Lily's is welcome and will be busy: In less the a day, McGlauflin's announcement on the Scotia-Glenville Current Events page on Facebook drew more than 1,000 positive reactions, more than 180 congratulatory comments and was shared 165 times.  

The diner is located at 181 Freemans Bridge Road, near its terminus at Route 50, by the Schenectady County Airport. The name comes from the McGlauflin family's dog, a puggle named Lily, rather than risking an argument by choosing one of the McGlauflin children's names, McGlauflin tells me.

A veteran of nearly four decades in the restaurant and catering business and Glenville resident since 2004, McGlauflin is a partner in the catering company Four Cooks & a Chef and oversees banquets at the Guan Ho Ha Fish and Game Club in Glenville.

Lily's Cafe will keep the same hours as Oliver's: 6 a.m. to 2 p.m. Wednesday to Sunday, closed Monday and Tuesday. 

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‘She was here’: People across country sending flowers to Laundrie home in North Port to honor Gabby Petito - WFLA

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‘She was here’: People across country sending flowers to Laundrie home in North Port to honor Gabby Petito  WFLA

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Remember ‘I’m Just a Bill’? Here’s the 2021 version. - POLITICO

The iconic Schoolhouse Rock! "I'm Just A Bill" cartoon taught us all how a bill, supposedly, becomes law. In 2021, the reality has grown much more complicated.

In the educational ditty from the 1970s, an animated scrap of paper, aka the bill, explains to a boy how it needs to pass both chambers of Congress before the president signs the legislation into law. We learned that bills are ideas that are proposed, considered by a committee, brought up for floor votes in both the House and the Senate, and finally end up on the president's desk, waiting to be signed into law.

But the process is a little more convoluted than the linear path the infamous "Schoolhouse Rock" video plays out.

After months of reporting on the haggling between Democrats and Republicans to pass Biden’s $1 trillion infrastructure bill, it got us thinking — the 45-year-old explainer needed more information. So we enlisted cartoonist Matt Wuerker and the video team to do just that.

Before drawing it all out, Wuerker spoke with POLITICO congressional reporter Sarah Ferris to better understand all those extra steps it now takes to pass a bill.

This conversation has been edited for length and clarity.

What are people not seeing or not understanding about the current process?

If there's any kind of controversial bill, it's going to have a lot more than just the steps of going through committee and getting to the House floor. There has to be behind the scenes negotiations for weeks, if not months.

It's so much now: What's the impact going to be politically, what is the reason for party leaders to put this bill on the floor, and how do you get the votes for it when it is on the floor?

And it's not just committees, there are also bipartisan gangs that are part of the process?

Yes, if you think about the chairmen in both the House and Senate, they're both Democrats. Sure, they agree on plenty of things, but the big hurdle that Democrats have been dealing with for years is the Senate filibuster, that 60-vote margin.

You can't only have the Democratic chairman writing and passing bills, and sending them to the president. You have to have bipartisan cooperation, and that doesn't exist in the vast majority of legislation.

But are you going to have the two party leaders from the Democratic side and the Republican side sitting in a room and hashing things out? No. That's why this bipartisan group has basically gone rogue.

Did the old version of Schoolhouse Rock “I’m just a Bill” leave anything out?

The more accurate version of this Schoolhouse Rock video right now might be about frameworks and proposals and more than the actual legislation. That's what both parties have to agree to before you can even agree to write a bill.

A House chairman who is in charge of infrastructure and transportation, Peter DeFazio, had this whole bill ready. He really wanted the Senate to take up his bill instead of their own bipartisan version. Now his bill isn't anywhere, it disappeared. It's never going to see the light of day.

These very senior committee chairmen like DeFazio who supposedly have all this power, in the end they don't really have any say?

They'll be working behind the scenes. But they're not the ones who are going to have the gavel at the end of the day, approving a bill out of the committee and sending it to the floor. The only way it can get to the floor is if the party leaders on each side can say, ‘we have the votes to pass this.’

And to add to the complexity, when we're talking about the infrastructure bill, we're really talking about two: the bipartisan infrastructure bill and a separate $3.5 trillion dollar bill that was split off because they realized this wouldn't pass the filibuster but instead with reconciliation?

Right. It is extremely rare for either governing party to be able to put together a package that can actually get signed into law. But reconciliation is the way to go now. It's the only game in town if you want to have substantial changes to policy. The only other thing that motivates Congress to get things done is a deadline. And the only other way to try to get bills to the floor is to attach it to a ‘must-pass’ government shutdown looming kind of legislation.

Another concept that’s popped up, that’s not part of the Schoolhouse Rock lesson is vote-a-rama. And in order to go through this process in the Senate, we had a vote-a rama that went to four in the morning. So what the heck is a vote-a rama?

Whenever a party doesn't have full supermajority control of Congress, they're going to be forced into this process every time they try to do special budget bills. And it comes with these really obscure rules where every senator can propose unlimited amendments. These votes are all political. It's basically Mitch McConnell and his members trying to get Joe Manchin or Kyrsten Sinema to vote for any potentially controversial issue.

Think of the budget resolution as a checklist for how much money you can spend on certain categories. You don't have to spend all of it and you also don't have to say exactly what it's going to be for. Basically, every committee gets a certain amount of money.

In the role of presidents, is there a change from administration to administration? Are some presidents more involved in this complicated process than others?

We've seen a mix of different personalities and how they try to interact with Congress. Former President Donald Trump had a little bit more of a vinegar approach to his Republican conference. He would outright threaten members not to vote for bills. Former President Barack Obama didn't really talk to Congress as much. He sent Joe Biden down to do the dirty work. And then, of course, with Joe Biden in office now, he's very close with the Senate. His legislative team has been up talking daily to all the various groups that he really needs to win over.

What is the biggest misconception that the public has about the current legislative process?

I think people think it's a lot more of a linear process and that the folks in charge of the House and the Senate have more leeway in how they decide to craft these bills. But in reality, there are so many invisible barriers.

That's why Congress ends up in circles with all kinds of extensions. You can acknowledge something is a problem, but actually coming up with even the first step toward the solution is never going to get the votes that you need.

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Texas' near-total abortion ban faces many challenges. Here's the latest. - The Texas Tribune

UNITED STATES OF AMERICA V. THE STATE OF TEXAS

INDIVIDUAL LAWSUITS AGAINST TEXAS DOCTOR

ABORTION PROVIDERS SUE BEFORE LAW COMES INTO EFFECT

FEDERAL LEGISLATION

U.S. SUPREME COURT TO HEAR MISSISSIPPI CASE

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Parks board again rejects proposal to sell alcohol at Zilker Cafe - Austin Monitor

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The issue of alcohol sales at Zilker Cafe made its third and final appearance before the Parks and Recreation Board on Tuesday, with board members delivering a decisive 8-1 vote against recommending the proposal, given the cafe’s proximity – about 30 steps – to the entrance to Barton Springs Pool.

The sale of beer and wine at a city park requires a conditional use permit, which must first receive a recommendation from the parks board prior to consideration by the Planning Commission. And under the Law Department’s interpretation of city code, a recommendation from the parks board, a non-sovereign entity, doesn’t necessarily have to be favorable.

In the motion made by Board Member Sarah Faust, the board recommended that the Planning Commission deny the conditional use permit.

For some board members, the testimony from pool employees offered the most compelling reason to vote against recommending the proposal, even swaying Board Member Rich DePalma to change his vote and join the majority. Board Member Nina Rinaldi acknowledged the pool staffers’ concerns, but stood by her original argument that the sale of beer and wine at the cafe would enhance the experience of park users.

At the board’s June meeting, the 4-2 vote against recommending the conditional use permit was rendered moot because at least six votes were required to move the item to the Planning Commission. In August, the board voted to reconsider the proposal at its September meeting.

PARD anticipates the Planning Commission’s consideration of the zoning exception on either Oct. 12 or Oct. 26.

As with past meetings, Barton Springs Pool patrons and at least three pool staffers overwhelmingly expressed their opposition to alcohol sales at the cafe. However, several speakers also said they believed the City Council-approved vendor, SpringFed, would responsibly sell beer and wine. They also commended the vendor for its plan to offer healthy food options and fresh juices and smoothies. What they didn’t understand was why alcohol had to be included in the menu fare.

Adara Hansard, a cashier at the pool, told the board that the most combative patrons are those who want to bring alcoholic drinks into the pool. “People wait 30 minutes, sometimes even up to an hour on busy summer days. They’re hot, they want to go swimming, and they may just have alcohol in their hands,” she said. “They may not be from Austin, or they may be from Austin, but not everyone is aware of our alcohol policy.”

As a cashier, she is tasked with refusing the would-be swimmers’ entry into the pool, regardless of whether they have already paid. “We have a no-refund policy, and explaining to people who have waited that long in that kind of heat is difficult. People can get quite upset. I’ve had many incidents where people have yelled at me, threatened me, become aggressive with me,” Hansard said, adding that one individual became so upset he refused to leave. “It took my manager threatening to call the police for him to actually leave the facility,” she said.

For Hansard, the idea of selling alcohol so close to the pool felt “daunting” since it is her job to enforce the rules.

Lifeguard Scott Cobb, making another appearance before the board, said that dealing with alcohol violations is already a distraction from staff members’ other duties. He worries that there will be more people who don’t recognize the risks associated with drinking and swimming at Barton Springs, given its natural, wild state.

Dennis Moreno testified that in his four years of working at the pool, he has had to personally deal with many patrons upset about the city’s no-alcohol policy. “I’ve seen a lot of harassment,” he said. “I’ve seen a lot of abuse toward cashiers and lifeguards regarding the alcohol policy. Adding another part to that battle would seem kind of pointless and a little frustrating for the people who work there.”

The Austin Monitor’s work is made possible by donations from the community. Though our reporting covers donors from time to time, we are careful to keep business and editorial efforts separate while maintaining transparency. A complete list of donors is available here, and our code of ethics is explained here.

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'Natural' for global bond yields to rise from here, say strategists - Reuters

A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 24, 2021. REUTERS/Andrew Kelly

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/mm-bondyield-polls?s=6J&st=G poll data
  • Reuters poll graphic on the major sovereign bond yields outlook: https://tmsnrt.rs/3D0NWWj
  • Reuters poll graphic on the U.S. Treasury yields outlook: https://tmsnrt.rs/39PP8yY

BENGALURU, Sept 30 (Reuters) - Global sovereign yields will have only drifted modestly higher by this time next year, but most bond strategists polled by Reuters appear convinced the only way is up and the gap between short and long-term maturities is set to widen.

The latest quarterly poll results coincide with an unusually dramatic rise in Treasury yields following what most say is a decisive shift away from pandemic emergency policy by the world's top central banks and rising concerns about inflation.

Their reluctance to forecast anything more than modest rises in yields may also be a reflection of the years spent by these same forecasters predicting such a return to normal only to be flattened by relentless demand - led by central banks - for government bonds.

But the sell-off in U.S. Treasuries this week that pushed yields up to levels not seen since mid-June suggests the government bond market is finally at an inflection point as investors realign their outlook with the Fed and other major central banks.

"Growth is above trend, inflation is high enough as of now and for the forecast horizon. With this kind of backdrop, it is but natural for interest rates generally in the developed markets to move higher," said Arjun Vij, portfolio manager of J.P. Morgan Asset Management's $1.15 billion Global Bond Fund.

"The Fed and markets are pretty close on when the first hike will be. It's the pace of hikes" where there is room for markets to close the gap, Vij said.

The results of the poll, conducted Sept. 24-29, underscored that optimistic economic outlook, with 26 of 50 analysts, a 52% majority, saying a widening in U.S. two-year and 10-year Treasury spreads over the coming year was the more likely outcome.

While 11 said spreads would stay roughly steady, the remaining 13 forecast the gap to narrow.

Reuters poll graphic on the major sovereign bond yields outlook:

In the poll, over 60 bond strategists predicted the benchmark yield on the U.S. 10-year note would rise to 1.9% in 12 months, about 40 basis points higher than where it is now.

Benchmark yields in Germany , Britain and Japan were forecast to move up around 10 to 20 basis points during the same period.

Reuters poll graphic on the U.S. Treasury yields outlook:

But there was no clear consensus among analysts on what would drive major sovereign yields in the short run.

Among those who answered a separate question, 24 of 49 said incoming economic data would have the most impact, while 23 chose forward guidance from central banks and the other two said COVID-19 developments and wrangling over the U.S. debt ceiling.

"We think the tapering of Fed asset purchases ... is likely to have minimal market impact at this stage," said Rick Rieder, chief investment officer of global fixed income at BlackRock, referring to expectations for a $10 billion reduction in U.S. Treasury purchases and $5 billion cut in mortgage-backed securities from its current $120 billion monthly buys.

"This is partly because the Fed has done a decent job of telegraphing when tapering is likely to begin, but more importantly it's because the asset purchase reductions are likely to be trivial when seen in the context of how large the fixed income markets are today and how overwhelming the demand for income has become."

Reporting and polling by Prerana Bhat and Tushar Goenka; Editing by Ross Finley and Steve Orlofsky

Our Standards: The Thomson Reuters Trust Principles.

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First Look: All-Day Cafe Rako Opens In Clarendon - DCist

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Wednesday, September 29, 2021

National Coffee Day: Steam Energy Cafe to reopen at the Fidelity Bank Worcester Ice Center under new manageme - MassLive.com

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Here’s some news coffee lovers will appreciate on National Coffee Day: Steam Energy Cafe will be reopening at the Fidelity Bank Worcester Ice Center.

The cafe was previously owned and operated by Niche Hospitality Group, but will be reopening under new management.

New management includes Cliff Rucker, Chris Besaw and Rick Araujo.

Rucker has made a name for himself as a business owner in Worcester County, most notably as owner of the Worcester Railers Hockey Club and the Fidelity Bank Worcester Ice Center. Besaw currently serves as managing partner at Off The Rails restaurant along with Rucker and is owner of Doughnuts and Draughts, a coffee and craft beer shop located on Main Street in Worcester. Araujo currently serves as executive chef at Off the Rails, a country-themed restaurant located at 90 Commercial St. in Worcester.

“We are excited to bring Steam Energy Cafe back to the Fidelity Bank Worcester Ice Center,” said Besaw. “Patrons can expect a similar taste and feel at Steam that they were accustomed to before the closing. Please follow our social media channels for an update on our opening, which we expect in the very near future.”

The cafe will maintain an offering of coffee, smoothies, sandwiches and healthy options. The coffee will be supplied by Red Barns Coffee Roasters of Upton.

“Patrons will be encouraged to grab a coffee and hang out,” according to the cafe. “Or there will be plenty of grab-and-go options for anyone that may want a quick bite or coffee to go.”

Eric Lindquist, the marketing director for Off The Rails, has been named the interim general manager.

The cafe is expecting to announce an opening date soon and encourages people to follow along on Facebook and Instagram for an official announcement. In the meantime, the cafe is looking to hire for all positions and those interesting in applying can email EricL@OffTheRailsWorcester.com.

Niche Hospitality Group previously opened Steam Energy Cafe at the Fidelity Bank Worcester Ice Center in 2017 and a second location at 1 West Boylston St. in 2019. After the coronavirus outbreak, Niche Hospitality Group closed both Steam locations. In August of 2020, Crust Artisan Bakeshop took over the 1 West Boylston St. location and opened a second store.

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‘Squid Game’: Wondering if You Would Survive? Here’s What to Read - The New York Times

“Squid Game” just took over the world (and social media). Here are some of the best takes and trivia.

Yet another unheralded Netflix series has become a surprise hit. Seemingly out of nowhere (although it’s actually out of South Korea), the brutal nine-part survival drama “Squid Game” has struck a pop-culture nerve with its dark twist on cheery childhood games like tug of war and Red Light, Green Light — which, in the show, are played to the death for huge cash prizes.

Think “Battle Royale,” “The Hunger Games” and “Saw” rolled together with “Parasite”: an exercise in class warfare in which the losers (i.e., the poor people desperate enough to compete) are summarily executed.

Noting that “Squid Game,” which debuted on Sept. 17, was the No. 1 Netflix show in the world, Ted Sarandos, the Netflix co-chief executive, said on Monday that there was “a very good chance it’s going to be our biggest show ever.”

Wondering whether to dive in? Already tried the show’s Dalgona cookie challenge? Either way, we’ve gathered what’s worth reading from the oceans of ink about the show. Excerpts and links, below:

‘How Netflix’s Brutal “Squid Game” Is Already Wreaking Havoc Around the World’ [New York Post]

“More than 14 billion videos with the hashtag #SquidGame have appeared on TikTok since the show premiered Sept. 17 on Netflix. Now it’s being hyped as the platform’s top streaming series in the US and dozens of other countries — quickly becoming a time-sucking trending topic on Twitter and Instagram, too.”

‘“Squid Game”: How a Hyper-Violent Korean Series became Netflix’s Biggest Hit’ [The Age]

“Dr Sung-Ae Lee, an expert in Korean film and television from Macquarie University, says the show’s focus on the ever-increasing gap between rich and poor has perhaps proved timely for audiences. ‘It’s about Homo economicus, rather than Homo sapiens — these are people who only think about money,’ she says of the show’s characters. ‘We’re living in an era where people follow neoliberal ideology without even knowing, so I think the audience identifies themselves in the story.’”

‘Who Is Gong Yoo?’ [Marie Claire]

“Yoo is a familiar face to fans of Korean content. The 41-year-old actor has starred in some of the biggest k-dramas and films of the past 20 years, all while maintaining a private life off of social media. If this is your first time seeing Yoo, here’s what we know about him and which of his projects to watch next.”

‘This “Squid Game” TikTok Uncovers A Major Clue Hidden Behind the Beds in Episode 1’ [Bustle]

“A shrewd TikTok user noticed that hints to survive the deadly games were inside the bunker ever since they woke up in it in Episode 1. “THE CLUES WAS IN FRONT OF THEM ALL ALONG,” TikTok user @lucy.what1 wrote on her short clip. The video zooms in on the empty bunker, from a scene later in the series when the number of players had dwindled, clearly showing wall paintings that depict all six games played throughout the season.”

‘“Squid Game” Knockoffs Are The Latest Sensation to Take Over Roblox’ [Polygon]

“These knockoffs are able to proliferate across the Roblox platform because it’s hard to issue a claim against a children’s game, and also, knockoffs and parody games often go unnoticed. In fact, it’s common for on-platform developers to copy original IP, using nonlicensed characters from shows like ‘Dragon Ball Z’ and ‘Demon Slayer.’ Whether these developers get caught depends on how aggressively the I.P. owners protect their content.”

‘I Tried the Dalgona Candy Challenge to See If I Would Survive “Squid Game”’ [Delish]

“I was curious about how difficult this might be, so I decided to try it out myself. I followed this recipe from Korean Bapsang, but improvised with a few tools. I heated 6 tablespoons of sugar over low heat in a pot I held on its side. Once it all melted, I turned off the heat and added ¼ teaspoon of baking soda. What then ensued was the most chaotic two minutes of my life.”

‘Why Are ‘Squid Game’’s English-Language Actors So Bad?’ [Den of Geek]

“Given the V.I.P.s’ role in the narrative, the stilted performances of the English-language actors kind of work. The V.I.P.s are a group of disgusting wealthy men so out of touch with humanity that they bet on human life for fun. This is reflected in the manner of their speech. […] To call them monsters would be letting them off the hook for their lack of humanity, which is a choice they make everyday, but to have that separation between the contestants and the V.I.P.s marked not only by a language barrier, but by a style of performance, is an interesting narrative decision, if it was one.”

‘The Chekhov’s Gun in “Squid Game” That Has Fans Theorizing About Season 2’ [Looper]

“Redditor u/Atlantic789 gets credit for noticing the Chekhov’s gun moment, which happens about 31 minutes into the fifth episode of Season 1, “A Fair World.” The undercover police officer Hwang Joon-ho has infiltrated the island’s unit of red-suited guards, and he’s climbing down a ladder inside a secret passage […]”

‘The Ending to “Squid Game” Depicts a Moral Battle Between Egoism and Altruism’ [Men’s Health]

“The moral beliefs of the extremely wealthy, ‘Squid Game’ leads us to believe, are essentially egoistic. They also believe that everyone shares this ethic, making it acceptable to prey on others.”

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Cafe Racer is Adding an Athens Location - Flagpole - Flagpole Magazine

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After a short feature during the Georgia-South Carolina football game on Sept. 18, Crawford’s itty-bitty donut shop Cafe Racer is hardly a secret anymore. Owner Chris Hart has been looking for a spot in Athens for some time to expand the business, and it looks like he’s found one, at the top of the Athens Health and Fitness lot on Broad Street (which some of y’all may still refer to as the old “Kroger in the Hole” lot), between Classic City Bank and ABC Package.

Cafe Racer plans to build a new spot and is shooting for late spring to open, although the extent to which the future is predictable doesn’t seem to be returning to normal anytime soon. The plan for location No. 2, says Hart, is to have a drive-through window and a walk-up window with two different outdoor patio spaces and a bathroom (upgrade!), but still no interior seating.

Hart also hopes to expand the menu, given the slightly larger size and the ability to customize the building to the restaurant’s needs. There will still be donuts and biscuits, but burger night could be much more frequent, with tacos, more biscuits, breakfast burritos, hotcakes and the like potentially being a regular thing, as well as more vegetarian options (housemade veggie burgers), a “traditional cheesesteak” and more.

Hart says, “The current iteration of Cafe Racer isn’t—in my eyes—complete. It’s more just the pieces of a bigger picture that would actually fit into our little building. I’d say that we’re currently serving about 60-70% of our projected future menu, so we’re not reinventing ourselves as much as just topping it all off a bit.”

He adds, “All that to say, we’re really swinging for the fences with this one. We’re committing to quick service, and the design of the building will reflect that. Currently, we’re planning on running a classic fast food style flow with a breakfast menu that transitions to a rest-of-day lunch/dinner menu around 11 a.m. I’m really happy with the direction we’re headed. It’s exciting to be rubbing elbows with some of the fast-food giants over there, but doing it our own way—which is pretty much the polar opposite of what you get with corporate national chains. It’s a bit unexpected and non-traditional, but I think that discomfort is familiar and a solid benchmark that we’re sticking true to our roots.”

Will the original stay in its beautiful field? For the moment, yes, but Hart does say that the building needs some work, so changes could be coming there as well.

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