LBN – Special Report – Saturday, July 1st, 2017

*Stocks Best Half-Year Gains in Years
U.S. stocks closed modestly higher Friday after trimming gains in the last few minutes of trading. But steep losses in technology and health-cares stocks earlier in the week resulted in poor weekly performance for the S&P 500 and Nasdaq. The S&P 500 SPX, +0.15% rose 3.71 points, or 0.2%, to 2,423.41, but ended the week 0.6% lower. Over the month, the large-cap index gained 0.5% and advanced by 2.6% over the past quarter. The index is up 8.2% year to date, its best half-year performance since 2013.

*‘Heartbroken’ Adele Cancels Two Final Shows in World Tour

British singer Adele has canceled the two final shows in her sold-out world tour over damaged vocal cords. “I went to see my throat doctor this evening because my voice didn’t open up at all today and it turns out I have damaged my vocal cords,” Adele announced on Twitter late Friday. “And on medical advice I simply am unable to perform over the weekend. To say I’m heartbroken would be a complete understatement,” she wrote. The singer said she noticed problems with her voice while performing at London’s Wembley stadium earlier this week, and had “even considered miming” to get through upcoming performances. “But I’ve never done it and I cannot in a million years do that to you. It wouldn’t be the real me up there,” she wrote. She apologized to her fans and said refunds would be made to those who purchased tickets for the canceled weekend events in London.

*Stephen Curry Is Set to Sign Record N.B.A. Deal With Warriors:
Golden State General Manager Bob Myers said a contract would be finalized with the Warriors star Stephen Curry once the free agency moratorium ends on July 6. The Warriors confirmed that in an email to The Associated Press on Friday night. Curry’s agent, Jeff Austin of Octagon Sports, first told ESPN that the deal would be worth $201 million over five years, a record for the N.B.A. Curry, who won the Most Valuable Player Award the past two years and earned $12 million this season, scored 28.1 points in the playoffs while also contributing 6.7 assists and 6.2 rebounds. On Thursday, Curry’s teammate Kevin Durant, the N.B.A. finals M.V.P., declined to opt in for the second year of his contract with Golden State, making him an unrestricted free agent. That was an expected move, as he said he planned to do his part to keep the core of the Warriors intact to chase more titles by giving the team financial flexibility.
*LBN-MEDIA INSIDER:   *”City Talk”, the popular L.A. conversation series, turns its attention to the “Media vs Trump” debate on Monday, July 10th with a conversation between KNX radio news anchor Bob Brill and former Fox headKen LeCorte. “City Talk” is an invitation only event for leaders in Southern California and is held in a private room at the elegant Baltaire restaurant in Brentwood.

·  In early Judaism, the name of God connected with fertility blessings is “El Shaddai,” meaning “God with breasts” or “God who suckles.”
·  Around 1500 in Venice, legislation required prostitutes to stand on a certain bridge and to uncover their breasts.  The law was created to prevent the prostitutes from dressing like men to appeal to gay prospective clientele.
·  In witch-hunts in England and Scotland, it was thought that a woman could be proved a witch if she had a “witch’s teat.” A witch’s teat was any unnatural mark on her body that a “familiar,” or devil, supposedly used as a way to suck the woman’s blood as nourishment.

·  Polythelia is the term for a person having three or more nipples.  It occurs in 1 out of every 18 men and 1 out of every 50 women.  The extra nipples are commonly mistaken as moles.

·  Diane de Poitiers, the mistress of Henri II,  supposedly washed her breasts in gold, rainwater, and sow’s milk in order to enhance the beauty of her bosom.
·  During the Renaissance, people widely believed that a mother’s milk was actually vaginal blood that transformed into milk as it moved from the womb to the breasts.
·  A woman can achieve an orgasm through nipple and breast stimulation.

*MY REVIEW: “What I most respect about LBN is that it holds power to account, impartially and unflinchingly. I can rely on LBN to bring fairness and scrutiny to a world that sometimes seems to have gone mad!” —– Madison D., an LBN reader from Atlanta, Georgia

*Charles Barkley: Social Media is where Losers Go to Feel Important:

NBA legend Charles Barkley doesn’t give a tweet what “unsuccessful” people say on social media. “I never worry about social media because I think it is one of the worst things that have ever happened because it gives every fool in the world an opinion on everything,” the two-time Hall of Famer told us at the NBA Awards. “Their opinion does not matter to me because their life is unsuccessful. Just because you live in the basement with your grandmother, sitting in your underwear, and then say something about anybody does not make you important or significant. You should be out there working, making the world a better place.” He has also said, “I do zero social media because . . . that’s where losers go to feel important.”
*DID YOU KNOW? Did you know that 11 member of the Soho House staff – Los Angeles read LBN daily?

*LBN-HEALTH WATCH: The Senate leadership’s efforts to salvage the Republican health care bill have focused in part on adding $45 billion for states to spend on opioid addiction treatment. That is a big pot of money. But addiction specialists said it was drastically short of what would be needed to make up for the legislation’s deep cuts to Medicaid, which has provided treatment for hundreds of thousands of people caught up in a national epidemic of opioid abuse. The new money would most likely flow to states in the form of grants over 10 years, averaging out to $4.5 billion per year. With hundreds of people dying every week from overdoses of heroin, fentanyl and opioid painkillers, some specialists say a fixed amount of grant money is simply inadequate compared with the open-ended funding stream that Medicaid provides to treat all who qualify for the coverage.

*LBN-VIDEO LINK: 5 “I Love Lucy” Cameos You PROBABLY Did NOT Notice —-

*LBN-MUSIC INSIDER:   ***Rock superstar Mick Jagger says a newspaper editorial was responsible for helping him avoid prison for a minor drug offense in 1967. The Rolling Stones front man tells the Times of London on Saturday that he had been sentenced to three months in jail not because of the severity of his crime but because band members were being “scapegoats” by an older generation critical of their lifestyle. The Times editorial underscored this point, saying Jagger should be treated “exactly the same as anyone else.”

*LBN-SITE OF THE DAY: strives to make information about recalls and safety-related news about drugs, medical devices, food, and consumer products accessible to everyone in a transparent, easily understandable way.

*LBN-VIDEO LINK: Joni Mitchell Interview — Joni Mitchell welcomes Jian Ghomeshi into her California home for a rare and revealing interview.

*LBN-COMMENTARY by David Brooks: Cass Sunstein, the eminent Harvard law professor and writer, notes that some people are spinners and some people are tuners. The spinner is the life of the party. The spinner is funny, socially adventurous and good at storytelling, even if he sometimes uses his wit to maintain distance from people. Spinners are great at hosting big parties. They’re hungry for social experiences and filled with daring and creativity. Instagram and Twitter are built for these people. If you’re friends with a spinner you’ll have a bunch of fun things to do even if you don’t remember them a week later. The tuner makes you feel known. The tuner is good at empathy and hungers for deep connection. The tuner may be bad at small talk, but in the middle of a deep conversation the tuner will ask those extra four or five questions, the way good listeners do.
*LBN-COMMENTARY by Bret Stephens: It costs as little as $10 and as much as $10,169 to get the same blood test in California. A lower-back M.R.I. priced at $199 at one Florida clinic goes for $6,221 in San Francisco. A shoulder X-ray can run anywhere between $21 and more than $700 across the United States. In Spain, a 30-day supply of Truvada, which helps prevent H.I.V.-AIDS, costs an average of $559, according to data compiled by the International Federation of Health Plans. In the United States it’s $1,301. In Britain, the average price of an angioplasty is $7,264 versus $31,620 in the United States. Hip replacement in New Zealand is $15,465. The United States figure is $29,067. Many things about health care delivery in the United States are insane. The economistKenneth Arrow crisply described the biggest insanity back in December 1963. “Insurance,” he wrote, “removes the incentive on the part of individuals, patients, and physicians to shop around for better prices for hospitalization and surgical care.” When did you last go bargain-hunting for a urinalysis? This is the third-party-payer problem, and if Republicans had been more modest and less inept in advancing a realistic health care agenda, they might have spent the past seven years understanding, explaining and changing it. Instead, it was “repeal and replace” all the way to the political Verdun in which they now find themselves.

*LBN-COMMENTARY by Dr. Srini Pillay (Author): Everyone can relate to a day at work that just starts off on the wrong foot.  Perhaps you have just had an argument with a spouse or loved one, or you’re late for an appointment even though you had a million reminders in your schedule, or your inbox contains e-mail after e-mail with what seem like impossible demands.  These days can feel really long, and before you know it, the smile is wiped off your face, and you dread your next customer or colleague-facing interaction.  In fact, you become filled with anxiety at the thought of your next appointment, and you realize that you have to get your act together. At first glance, this seems easy.  Why not just refocus on positive things?  Or, even better, try to reframe.  “This day won’t last forever,” you think.  Didn’t somebody tell you recently that you do have control over your thoughts when you are anxious or expecting the worst?  Then how come this simply doesn’t feel easy when it is one of those days?

*LBN-COMMENTARY by Charles Krauthammer: In mathematics, when you’re convinced of some eternal truth but can’t quite prove it, you offer it as a hypothesis (with a portentous capital H) and invite the world, future generations if need be, to prove you right or wrong. Often, a cash prize is attached.  In that spirit, but without the cash, I offer the Krauthammer Conjecture: In sports, the pleasure of winning is less than the pain of losing. By any Benthamite pleasure/pain calculation, the sum is less than zero. A net negative of suffering. Which makes you wonder why anybody plays at all. Winning is great. You get to hoot and holler, hoist the trophy, shower in champagne, ride the open parade car and boycott the White House victory ceremony (choose your cause).