What We Are Reading Today: Business Adventures

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Updated 21 September 2023
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What We Are Reading Today: Business Adventures

Author: John Brooks

This business classic written by longtime New Yorker contributor John Brooks is an insightful and engaging look into corporate and financial life in America, says a review published on goodreads.com. 

Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. 

Brooks’ insightful reportage is so full of critical detail that whether he is looking at the astounding market crash of 1962 or the bold attempt by American bankers to save the British pound, one gets the sense that history really does repeat itself.


LeBron James breaks Michael Jordan’s record for 30-point games with his 563rd

Updated 3 min 52 sec ago
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LeBron James breaks Michael Jordan’s record for 30-point games with his 563rd

  • Jordan set his record in 1,072 games over 15 seasons, while James surpassed it in his 1,523rd appearance over 22 seasons
  • James became the NBA’s career scoring leader last season, and he holds several additional longevity records

LOS ANGELES: LeBron James broke Michael Jordan’s NBA record for 30-point games during the Los Angeles Lakers’ victory over Atlanta on Friday night.
With a turnaround jumper with 5:58 to play for the last of his 30 points, James reached at least 30 points in the regular season for the 563rd time in his career, surpassing the mark established by Jordan in 2003. Jordan set his record in 1,072 games over 15 seasons, while James surpassed it in his 1,523rd appearance over 22 seasons.
“It’s very humbling,” James said. “Anytime I’m mentioned with any of the greats, and arguably the greatest ever to play the game, super-cool. It’s someone I idolized in my childhood, and I wear 23 because of him. So to know that I can sit here and be in the room or in the conversation or whatever it is, you mention MJ, it’s like super-duper dope for me, being a kid where I’m from.”
James turned 40 last week, and he is among the few remaining active players who personally witnessed Jordan in his 1990s prime with the Chicago Bulls. He studied and admired Jordan during his childhood in Akron, Ohio.
When James passed Jordan for fourth place on the NBA’s career scoring list back in March 2019, the moment moved him to tears on the Lakers’ bench. He called Jordan “an inspiration” and “the lightning in a bottle for me, because I wanted to be like him.”
The Lakers heralded James’ latest statistical superlative in their locker room after the Lakers’ 119-102 win over Atlanta. Chicago native Anthony Davis also made sure James kept his achievement in perspective, however.
“It bothers me,” the Lakers big man said with a grin. “But it took him seven more seasons. ... No, actually, growing up, I was more No. 1 LeBron. That was my era. So that’s obviously a hell of an accomplishment. I think he’s probably No. 1 in everything at this point. I’ve been here long enough to witness so many accomplishments, so I’m definitely grateful to be here, and we just want to keep stacking.”
James scored his final two buckets on turnaround, fadeaway jumpers that looked more than a little bit like the famed shot at the heart of Jordan’s midrange game. James said youth coaches didn’t always like his attempts to emulate Jordan’s turnaround fade because it compromises a shooter’s balance, but he has spent his entire basketball life honing it into a weapon.
“(Jordan) was more of a left-shoulder fadeaway guy,” James said. “I kind of go the opposite way. But just two masters of their craft putting in work and work and work to the point where it’s kind of become unguardable. It just works. It’s work and dedication.”
Coincidentally, James also passed Dirk Nowitzki (1,522) for the fourth-most games played in the regular season in NBA history Friday night. James has already played the most postseason games (287) in NBA history.
But James shows absolutely no signs of slowing in his record-tying 22nd season: He scored 38 points against Portland one night earlier to tie Jordan’s 30-point mark.
James hit seven 3-pointers against the Blazers while putting up the third-most points ever scored by a player over 40 — trailing only two games played by Jordan shortly after he turned 40 with Washington.
Only three players have scored at least 30 points in an NBA game after turning 40. Jordan did it four times, Nowitzki did it once — and James has already done it twice in the first five days of his 40s.
“It’s just another thing that he’s done in his career, and certainly speaks to his greatness and longevity,” Lakers coach JJ Redick said. “That stretch where he hit two fadeaways and a 3 (with 7:14 to play) gave us the cushion we needed and control of the game.”
James became the NBA’s career scoring leader last season, and he holds several additional longevity records. He has scored at least 10 points in 1,253 consecutive games over the past 18 years, obliterating the record set by Jordan from 1986 to 2001 (866).
 


Mali’s army claims arrest of Daesh group leader

Updated 13 min 21 sec ago
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Mali’s army claims arrest of Daesh group leader

BAMAKO: Mali’s army said Saturday its forces had arrested two men, one of them a leading figure in the Sahel branch of the Daesh group.
The army announced they had also killed several of the group’s fighters during an operation in the north of the country.
A statement from the army said they had arrested “Mahamad Ould Erkehile alias Abu Rakia,” as well as “Abu Hash,” who they said was a leading figure in the group.
They blamed him for coordinating atrocities against people in the Menaka and Gao regions in the northeast of the country, as well as attacks against the army.
Mali has faced profound unrest since 2012 linked both to militants associated with Al-Qaeda and the Daesh group, and to local criminal gangs.
The country’s military rulers have broken ties with former colonial power France and turned, militarily and politically, to Russia.
 


Audi strengthens partnership with Key Car Rental

Updated 31 min 41 sec ago
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Audi strengthens partnership with Key Car Rental

Audi Saudi Arabia and Samaco Motors, the exclusive dealer for Audi cars in the Kingdom, are celebrating their enduring partnership with Key Car Rental, a partner since 1998. The collaboration has grown stronger over the years, with Key Car Rental selecting a curated fleet of Audi vehicles to meet the diverse needs of premium rental customers across the Kingdom. The partnership has enjoyed an increase in the purchase of Audi cars, with a diverse fleet including Audi A4, A6 and A8 models, in addition to the Audi Q2 and Q3 now also available across rental points of sales across the Kingdom.

To honor the partnership, Audi and Key Car Rental recently hosted a celebration at the Audi showroom in Jeddah. The event marked the delivery of the latest additions to Key Car Rental’s growing premium rental fleet and highlighted the increasing demand for Audi vehicles in the Saudi rental market. Top management from both Key Car Rental and Audi Saudi Arabia were in attendance, as well as representatives from sales and marketing divisions, all of whom celebrated the continued success of this collaboration.

“The continuous expansion of our fleet with Audi range has been a significant milestone for Key Car Rental, marking a new era in our service offering with the help of Audi’s seamless operations, which has greatly contributed to increasing our sales and customer satisfaction,” said Khalid Baghdadi, CEO of Key Car Rental.

Key Car Rental demonstrated unwavering trust in Audi’s product portfolio, by purchasing 100 units of the Audi Q2 and Q3 models, which were strategically distributed across their PoS locations throughout the Kingdom.

This bold move underscored the growing demand for the luxury segment within the Saudi rental market. The entry SUV models Audi Q2 and Q3 perfectly balance premium, performance, and affordability, meeting the needs of customers who seek premium quality at a competitive price point. The Q2, compact yet efficient, combines urban versatility with Audi’s cutting-edge design, making it ideal for those who value agility and style. Meanwhile, the Q3 offers a refined driving experience, blending performance and comfort to provide the perfect solution for customers seeking a practical, yet premium vehicle.

“This collaboration has been a significant turning point for us. The addition of these vehicles to our fleet highlights our commitment to providing exceptional, premium experiences for both business and leisure clients,” said Saleh Aljerwi, COO of Key Car Rental.

In 2014, Key Car Rental successfully facilitated more than 29,000 Audi rentals across Saudi Arabia, with a growing selection of models available for customers to choose from.

“This partnership with Key Car Rental has been instrumental in driving Audi’s growth in the region. As we continue to strengthen our presence, we are proud to offer a diverse fleet of vehicles that elevates the rental experience in Saudi Arabia for local customers and the increasing business travel and leisure tourism the Kingdom continues to enjoy,” said Simon Horabin, general manager of Audi Saudi Arabia.


Where We Are Going Today: Just Taco

Updated 46 min 7 sec ago
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Where We Are Going Today: Just Taco

If you are craving bold flavors and authentic Mexican street food, Just Taco in Riyadh is worth a visit. Known for its lively atmosphere and delicious menu, the restaurant combines casual dining with a fun twist.

The menu features flavorful choices such as the taco mix platter, offering a variety of tacos packed with authentic Mexican spices. For sharing, the loaded nachos are a hit, with crispy tortilla chips topped with gooey cheese, jalapenos and fresh pico de gallo.

Another standout is the cheesy fries with pulled beef, a hearty dish that combines creamy, savory and crunchy elements.

The food impresses with its freshness and quality, ensuring every bite is flavorful. With reasonable prices, it is an excellent spot to experience authentic Mexican cuisine. 

A cheerful team member at Just Taco showcasing the vibrant energy that makes the dining experience fun and welcoming. (AN photo)

Just Taco has quickly become a favorite for taco enthusiasts in Riyadh, offering consistent quality and memorable flavors.

The cozy ambiance, highlighted by vibrant green and yellow decor, creates a cheerful and welcoming vibe. Friendly staff further enhance the experience, making it a great choice for casual meals with friends or family.

One potential drawback is the shared-gender restroom, which may not suit everyone. However, the excellent food and lively atmosphere more than compensate for this.

For more information, visit their Instagram: @justtaco.sa.


Isak fires Newcastle to victory at struggling Spurs

Updated 51 min 23 sec ago
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Isak fires Newcastle to victory at struggling Spurs

  • Spurs’ ambition of a top- four finish already looks over after a run of one win in eight league games since a stunning 4-0 victory at Premier League champions Manchester City.
  • Tottenham sit 11th in the table, but a spirited performance from Postecoglou’s stretched squad deserved more as Newcastle were left clinging on in the closing stages.

LONDON: Under-fire Tottenham boss Ange Postecoglou said he was angry his injury-ravaged side did not get their rewards for a battling performance as Alexander Isak’s strike earned in-form Newcastle a 2-1 win on Saturday.

Both sides struck inside the first six minutes as Anthony Gordon’s controversial equalizer canceled out Dominic Solanke’s opener for Spurs. Isak then scored for the seventh consecutive Premier League game to claim a sixth straight win in all competitions for Newcastle.

The Magpies remain in fifth but move level on points with fourth- placed Chelsea in the battle for a place in next season’s Champions League. Spurs’ ambition of a top-four finish already looks over after a run of one win in eight league games since a stunning 4-0 victory at Premier League champions Manchester City.

Tottenham sit 11th in the table, but a spirited performance from Postecoglou’s stretched squad deserved more as Newcastle were left clinging on in the closing stages.

“I’m so proud, so happy with this group of players the way they played and I’m really angry that they didn’t get the rewards they deserved today,” said Postecoglou.

“I loved everything. The players were given an enormous task and didn’t make any excuses. We deserved to win the game today.”

Spurs were without first-choice goalkeeper Guglielmo Vicario along with defenders Micky van de Ven, Cristian Romero, Destiny Udogie and Ben Davies through injury plus the suspended Rodrigo Bentancur.

The loss of stand-in ‘keeper Fraser Forster to illness meant Postecoglou was forced to throw in Brandon Austin for his Spurs debut.

Slow starts, particularly at home, have been a major part of Spurs’ struggles under Postecoglou but they got off to a flyer. In front of the watching new England manager Thomas Tuchel, Solanke did his case for international recognition no harm with a fine downward header from Pedro Porro’s cross on four minutes.

The lead lasted barely over two minutes, albeit the equal- izer arrived in controversial circumstances.

Joelinton blocked Lucas Bergvall’s pass with his arm to gift Bruno Guimaraes possession and the Brazilian fed in Gordon to fire home. However, a VAR review deemed Joelinton’s handball was not deliberate and the goal stood. Isak needs no help to find the net on current form but got it from an under-manned Spurs defense seven minutes before half-time.

Radu Dragusin deflected Jacob Murphy’s low cross onto the foot of the Swedish striker, who took his tally for the season to 14 goals in all competitions.

Spurs were dealt a further blow as Dragusin, who had been a doubt due to illness, was forced off at the break, leaving Postecoglou without a single natural center back to choose from.

Midfielder Archie Gray and fullback Djed Spence deputized manfully as Tottenham did all the pressing in the second half.

Brennan Johnson blasted off the post after Pape Sarr’s effort had been parried by Martin Dubravka.