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- U.S.BBC
Two Buffalo policemen charged for shoving 75-year-old protester
The officers filmed pushing a man, 75, to the ground have been charged with second degree-assault.
16631,663 reactions - U.S.USA TODAY
Young white men with long guns at George Floyd protests likely affiliated with far-right group Boogaloo
Some gun-toting men affiliated with far-right group Boogaloo offer protection. Others seek to incite violence between police and demonstrators.
- SportsMMA 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
- BusinessBloomberg
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.
- WorldNBC News
WHO changes COVID-19 mask guidance
The agency previously had recommended that only health care workers, people with COVID-19 and their caregivers wear medical masks.
- U.S.POPSUGAR
Michael Strahan on Being a Black Man in America: "The Color of Your Skin Makes People Scared of You"
View this post on Instagram A post shared by michaelstrahan (@michaelstrahan) on Jun 4, 2020 at 4:00pm PDT In a moving video shared to his Instagram on Thursday, Good Morning America host Michael Strahan expressed his anger in the wake of the deaths of George Floyd, Ahmaud Arbery, and Breonna Taylor. Michael spoke about his frustration due to seeing no resolution or justice after having the same conversation over and over again about police brutality and racial inequality.
- EntertainmentGood Housekeeping
25 Books by Black Authors You Should Read Today
We've got your next powerful read right here. From Good Housekeeping
