• Sports
    MMA Weekly

    Conor McGregor announces his retirement from fighting

    Conor McGregor is known for taking to social media on fight night, even when he's not fighting. He did so following UFC 250 on Saturday, surprisingly announcing his retirement from fighting."Hey guys, I've decided to retire from fighting," he declared. "Thank you all for the amazing memories! What a ride it's been!"This isn't the first time that McGregor has announced his retirement, so it is difficult to tell how serious he was about the announcement or if it would stick this time.The world is in a much different place than ever before when McGregor has made such a pronouncement. There's a worldwide pandemic, as well as an uprising over racial inequality and injustice. McGregor has been vocal about both. He also has also found a tremendous amount of success with his Proper No. Twelve whiskey, assuring that he doesn't need to fight for the money."Nothing is crazy and nuts right now because everything is crazy and nuts right now. On a certain level, I get it," UFC president Dana White said when asked about McGregor's retirement at the UFC 250 post-fight press conference."We're in a pandemic. The world is a crazy place right now and everybody feels it. I think everybody's pissed off, confused and been locked in their houses for three months."White certainly didn't seem to accept McGregor's retirement at face value considering the circumstances, but it wouldn't surprise him either, particularly noting the success of his whiskey perhaps influencing the move."Proper Twelve whisky has sold an obscene amount of liquor."White seemed to think that part of McGregor's angst could simply be that he wants to fight and it's been difficult to put him in a fight right now. Fight Island isn't ready until July and McGregor will likely have to fight there. White has also said that he thinks McGregor should wait for the winner of Khabib Nurmagomedov vs. Justin Gaethje, which won't take place until September.So perhaps McGregor is tiring of waiting, as he had planned on fighting three times in 2020 when the year began. Thus far, he has fought once, that being a quick victory over Donald "Cowboy" Cerrone at UFC 246 in January.* * *TRENDING Cody Garbrandt lands last-second bone-crushing knockout at UFC 250* * *https://twitter.com/TheNotoriousMMA/status/1269492917317533696

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  • Business

    The Great Diamond Glut: Miners Stuck With Gems Worth Billions

    (Bloomberg) -- In one of the world’s biggest diamond vaults, hidden inside a nondescript office compound on the dusty outskirts of Botswana’s capital, the precious stones just keep piling up.Owner De Beers, which mines and auctions most of its gems in the southern African nation, has barely sold any rough diamonds since February. Neither has Russian rival Alrosa PJSC. Now, as the coronavirus restrictions that froze the global industry for months begin to lift, the unsold diamonds present a dilemma: how to reduce billions of dollars’ worth of stocks without undermining the nascent recovery.The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.De Beers and Alrosa have moved to defend their market. The miners refused to cut prices, instead allowing buyers unprecedented freedom to renege on contracts to buy stones. They’ve also reduced production in an effort to control stock levels. Yet the diamonds keep piling up.The five biggest producers are probably sitting on excess inventories worth about $3.5 billion, according to Gemdax, a specialist advisory firm. The figure could reach $4.5 billion by the end of the year, or about one-third of annual rough-diamond production.“They’ve tried to restrict rough-diamond supply to protect the market and protect value,” said Gemdax partner Anish Aggarwal. “The question will be, how does this destocking occur? Can miners destock and keep protecting the market?”After being forced to cancel the March event, De Beers managed to hold a sale in May but didn’t announce the results like it usually does. According to people familiar with the situation, the sale yielded about $35 million. Last year that sale was $416 million.The next big test for the industry comes later this month, with De Beers’s next sale. The company is going out of its way to attract customers, including by allowing diamond viewings outside of Botswana. Buyers will still be allowed to refuse goods they’ve contracted to purchase.Read more: Anglo Leaves Diamonds in the Ground With Gem Sector CrippledDe Beers’s customers, some of whom had been deeply frustrated with some of the company’s sales methods in recent years, have welcomed its actions so far.Yet while De Beers and Alrosa have stood firm on pricing – even refusing approaches from customers offering to buy at special terms – smaller diamond producers have dropped their own prices, according to people familiar with the matter.Junior miners, some of which were fighting for survival even before the pandemic, have been offering steep discounts of as much as 25% in trading centers such as Antwerp, the people said. That could make it tough for the large companies to convince big buyers to come to the table.Diamond miners face “a double whammy of weak prices and a sharp decline in sales volumes on a scale reminiscent of the 2008-09 crisis,” Societe Generale analyst Sergey Donskoy said this week.“Can miners destock and keep protecting the market?”Managing supply has been a constant headache for the diamond industry ever since De Beers ended its monopoly. The company spent the early 2000s running down about $5 billion in stock, and industry inventories ballooned during the global financial crisis and again in 2013. Each time, selling down the stockpiles has caused buildups of polished diamonds, putting huge pressure on the cutters, traders and manufacturers that buy from them.Read more: The Problem With Diamonds Is They Keep Getting CheaperIt may be even harder this time around. Those middlemen of the industry were already struggling even before the pandemic, while retail is one of the sectors hardest hit by the virus measures.Alrosa said Friday that its diamond inventories could rise to 30 million carats by the end of the year, roughly the same as its annual production, but didn’t give a value. The company said it wants to cut those stocks to 15 million carats in three years.There are some signs of recovery. Chinese retailers are open again and India has allowed manufacturing to restart in the key Surat polishing hub, albeit at only 50% of capacity. The main Indian trading offices are allowed 10% of employees on site.Still, manufacturers bought heavily in the first two months of the year in anticipation of a recovery in the market. With cutting centers shut for the past two months, that inventory is expected to last until July or August. That’s left little need to buy now.“At this stage it’s hard to speculate on what the recovery curve will look like,” said Aggarwal. “What we’re not expecting is an immediate jump back in consumer demand.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Celebrity
    Dr. Phil CBS

    “I Regret Agreeing to My Wife Being a Sugar Baby”

    Ryan says he filed for divorce from his wife of four-and-a-half years, Danielle, because he claims she worked as a sugar baby, had an affair, and engaged in sexually deviant behavior for money. However, Ryan claims he withdrew the divorce once Danielle told him that her behavior was linked to childhood abuse. Ryan claims he didn’t buy his wife’s excuse and insisted she take a polygraph test. Even though Danielle admits to being a sugar baby and cheating on Ryan, she says she never “prostituted” herself. She claims Ryan made up that and other spiteful lies in an attempt to have their 2-year-old daughter taken from her. TELL DR. PHIL YOUR STORY: Dr. Phil, please solve our conflict!

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  • U.S.
    The Daily Beast

    Buffalo Cops Who Shoved Elderly Man Charged With Second-Degree Assault

    Two Buffalo cops were arraigned on Saturday on one count each of assault in the second degree, after they allegedly shoved a 75-year-old demonstrator during anti-police brutality protests. Martin Gugino, a longtime peace activist in the upstate New York city, hit his head on the pavement and was left on the ground as blood pooled around his head on Thursday evening. He remained in hospital in a serious but stable condition on Saturday.Initially, city officials claimed Gugino had tripped and fell. However, a video surfaced showing riot police, who were clearing Niagara Square at the time, clearly pushing Gugino over and walking by his motionless body. The video had been viewed 78 million times by Saturday.When the two officers, Aaron Torgalski and Robert McCabe, were suspended without pay on Friday, all 57 officers in the department’s Emergency Response Team quit the elite unit in protest. Hundreds of Buffalo police officers showed up to the courthouse to back the pair on Saturday, after the Buffalo Police Benevolent Association reportedly circulated text messages drumming up support. Police and other supporters reportedly cheered when one of the officers exited the courthouse.Some supporters wore “We Back The Blue” t-shirts and held up umbrellas to block news cameras attempting to show the pro-police protesters. Torgalski, 39, and McCabe, 32, both pleaded not guilty to a class D felony and were both released on recognizance after brief virtual appearances in Buffalo City Court.Shortly after, Erie County District Attorney John Flynn said in a press conference that the two officers “crossed the line” and “violated the law.” He cited a New York State law which says if a victim is 65 or older, and is assaulted by someone at least 10 years younger, a felony can be charged.Flynn added that the officers could have arrested Gugino if he was committing a crime. “You arrest him. You don’t take a baton and shove him, along with the officer next to him... You properly arrest him, if he was committing a crime.”The Terrifying History of Bad Cops in BuffaloHe denied any suggestions of unfairly targeting police, pointing out that his office had prosecuted 39 “protesters that became agitators” as well.The city’s black mayor, though, stood by the police officers, saying he had not asked for them to be fired, and it was very important that they “know they are getting due process.”Byron Brown also argued that the 75-year-old man was an “agitator” who had been asked to leave previously. “What we were informed of is that that individual was an agitator,” Brown said. “He was trying to spark up the crowd of people. Those people were there into the darkness. Our concern is when it gets dark, there is a potential for violence.”John Evans, president of the Buffalo Police Benevolent Association, said the officers were following orders to clear the square of all people, regardless of age. “They were simply doing their job. I don’t know how much contact was made. He did slip in my estimation. He fell backwards,” he told The Buffalo News on Friday.However, Erie County Executive Marc Poloncarz said Friday he was “exceptionally disappointed” by the mass resignation. “It indicates to me that they did not see anything wrong with the actions last night,” he said at a press conference.Gov. Andrew Cuomo said the video made him nauseous and he supported a criminal investigation by the Erie County District Attorney.“What we saw was horrendous, disgusting and, I believe, illegal,” Cuomo, a former attorney general, said Saturday.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.

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  • Lifestyle
    Good Housekeeping

    25 Books by Black Authors You Should Read Today

    We've got your next powerful read right here. From Good Housekeeping

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