Best of 2024 https://megaerfolge.org/ Discover, discuss, play. Thu, 18 Jul 2024 10:58:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 Ο Ναός της Περιπέτειας: Temple Run. Exclusive 2024 Temple Game https://megaerfolge.org/%ce%bf-%ce%bd%ce%b1%cf%8c%cf%82-%cf%84%ce%b7%cf%82-%cf%80%ce%b5%cf%81%ce%b9%cf%80%ce%ad%cf%84%ce%b5%ce%b9%ce%b1%cf%82-temple-run-exclusive-2024-temple-game/ https://megaerfolge.org/%ce%bf-%ce%bd%ce%b1%cf%8c%cf%82-%cf%84%ce%b7%cf%82-%cf%80%ce%b5%cf%81%ce%b9%cf%80%ce%ad%cf%84%ce%b5%ce%b9%ce%b1%cf%82-temple-run-exclusive-2024-temple-game/#respond Thu, 18 Jul 2024 10:54:03 +0000 https://megaerfolge.org/?p=72403

Περιγραφή του Παιχνιδιού

Το Temple Run είναι ένα από τα πιο αγαπημένα παιχνίδια που έχουν κυκλοφορήσει για κινητές συσκευές. Αναπτύχθηκε από την Imangi Studios και κυκλοφόρησε το 2011. Το παιχνίδι σας τοποθετεί στον ρόλο ενός εξερευνητή που τρέχει να ξεφύγει από τους θυμωμένους δαίμονες-πίθηκους που τον κυνηγούν, αφού έχει κλέψει ένα αρχαίο ειδώλιο από έναν ναό.

Σύντομη Ιστορία

Η ιδέα του Temple Run γεννήθηκε από την αγάπη των δημιουργών του για τις περιπέτειες και τους ναούς. Από την κυκλοφορία του, το παιχνίδι έγινε αμέσως επιτυχία, κατακτώντας τις καρδιές εκατομμυρίων παικτών παγκοσμίως. Μέσα σε λίγους μήνες από την κυκλοφορία του, το Temple Run έγινε ένα από τα πιο κατεβασμένα παιχνίδια στα App Stores. Μπόνους μετά την εγγραφή!

Γιατί Είναι Δημοφιλές

Το Temple Run έχει καταφέρει να γίνει τόσο δημοφιλές χάρη στο απλό αλλά εθιστικό gameplay του. Οι παίκτες πρέπει να τρέξουν όσο το δυνατόν περισσότερο, αποφεύγοντας εμπόδια και μαζεύοντας νομίσματα. Ο συνεχώς αυξανόμενος ρυθμός και οι προκλήσεις κρατούν το ενδιαφέρον των παικτών αμείωτο. Αφιερώστε λίγα λεπτά για την εγγραφή!

Γιατί Είναι Ενδιαφέρον να Παίξετε

  1. Εύκολο να Μάθεις, Δύσκολο να Κυριαρχήσεις: Οι βασικοί κανόνες είναι απλοί, αλλά η πρόκληση είναι μεγάλη, καθιστώντας το παιχνίδι εθιστικό. Ξεκλειδώστε το βραβείο εγγραφής!
  2. Γραφικά και Σκηνικά: Τα εντυπωσιακά γραφικά και οι λεπτομερείς σκηνές προσφέρουν μια μοναδική εμπειρία που σε βυθίζει στον κόσμο του παιχνιδιού. Μπόνους για νέους παίκτες!
  3. Εκρήξεις Αδρεναλίνης: Η ταχύτητα και η αδρεναλίνη που προσφέρει το παιχνίδι σε κάνουν να θες να παίζεις ξανά και ξανά. Επωφεληθείτε από την καλύτερη προσφορά του 2024!
  4. Προκλήσεις και Επιτεύγματα: Οι διάφορες προκλήσεις και τα επιτεύγματα προσθέτουν ένα επιπλέον κίνητρο για να συνεχίσετε να παίζετε.

Αν δεν έχετε ήδη δοκιμάσει το Temple Run, τώρα είναι η ώρα να το κάνετε! Αφεθείτε στη μαγεία της περιπέτειας και δείτε πόσο μακριά μπορείτε να φτάσετε.

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Sad to say, but I got scammed by a win-back offer https://megaerfolge.org/sad-to-say-but-i-got-scammed-by-a-win-back-offer/ https://megaerfolge.org/sad-to-say-but-i-got-scammed-by-a-win-back-offer/#respond Mon, 01 Jul 2024 11:55:29 +0000 https://megaerfolge.org/?p=72396

Yep, it happened to me. I know better, but I was in a vulnerable place (over my data cap) and the promise of a good deal got me. Here’s what happened.

During one of my last press trips to the U.S. I accidentally watched a 40GB 4K movie over Plex on my mobile hotspot, and by day two of the trip, I was over my 50GB data limit and stuck using throttled speeds. I was able to make it with an eSIM I bought from Airalo, but at the end of the day I wasn’t happy since I knew when I got back to Canada, I’d still be out of data for another two and a half weeks.

Then, on the last day of the trip, a few hours before my flight, I got a call from someone claiming to be with Rogers’ win-back department. The conversation was a little sketchy, but I switch plans via win-back deals often and it always feels a little sketchy, so I decided to press onwards.

It started out nice enough, with the person asking what my current plan was and then making a counteroffer of basically the same plan at a lower price. For me, this was 100GB of Canada-U.S data for $37.

Things started to go south when the person on the phone asked for my personal information but didn’t transfer me to a secure line or send a link to a secure site for me to input it. During this process I gave up my address, driver’s licence number and credit card info (including the three-digit code on the back, which I learned after is not needed for a credit check).

By the end of that exchange I was getting really paranoid so I asked for the person’s employee number and the deal number, and to my surprise, they gave me those numbers, but then they told me another person would call me in a few days to let me know how to get my SIM card. Since I’d already given them my address, this felt really strange.

So I get off the phone with them, use the RBC app to put a pause on my credit card and contact Rogers proper to see if the employee number or deal number I was given were in their system. The first person I talked to was unable to find them and told me that I was most likely caught in a scam. From there, he set up a call with someone higher up at Roger’s who should be able to verify beyond a doubt if it was a scam or not.

A few days later, they call me to say that, as far as they can tell, it was a scam call. However, for my troubles, he offers me the same deal as the scammer and then tells me that someone from the win-back department will reach out to me. A day later they do, but they don’t offer me the deal and instead question me about an attempted purchase of an iPhone 15 Pro Max. I assume the scammer is the person behind this but since I’d canceled my credit card at this point, the deal didn’t go through. At the end of this call I was offered a different phone deal that was more expensive than my current Freedom Plan so I decided that I was just going to leave it at that and move on.

Overall, this was a pretty brutal experience and while I knew better, it just goes to show that anyone can be the victim of a scam. Make sure you can verify that the person calling you actually works for the company they say you do and to never give out your credit card numbers over the phone.

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here.

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Samsung Keeps Tempting With $870 Off Galaxy S24 Ultra https://megaerfolge.org/samsung-keeps-tempting-with-870-off-galaxy-s24-ultra/ https://megaerfolge.org/samsung-keeps-tempting-with-870-off-galaxy-s24-ultra/#respond Mon, 01 Jul 2024 11:55:22 +0000 https://megaerfolge.org/?p=72394

I know that the only thing most of the tech world can think about at the moment is the Galaxy Z Fold 6, which should be here in a couple of weeks, but Samsung keeps running back this same incredible Galaxy S24 Ultra deal. They really want you to save up to $750 with a trade-in, plus they’ll give you a free upgrade in storage to 512GB. It’s crazy that they are still running this deal still.

Before you go further, though, think about the free reservation (sign-up here) for the Galaxy Fold 6 you can sign-up for. It gets you $50 to spend toward your Fold 6 purchase and is absolutely no commitment.

$750 OFF S24 ULTRA: OK, so we’ve talked about this deal enough that I’m sure most of you get it. Samsung will slap $750 off the Galaxy S24 Ultra if you have a Galaxy S23 Ultra to trade-in. That’s an instant discount that comes off the price today.

Don’t have an S23 Ultra? The Galaxy S22 Ultra and S23+ will get you $600, plus the (ancient) Note 20 Ultra, Galaxy S21 Ultra, and Galaxy Z Fold 5 will all get you $550 too. There are still good values to be had for your trade-in. Even a Galaxy Note 8 is worth $200.

FREE DOUBLE STORAGE: The other part of this deal is the free double storage upgrade. Instead of 256GB, you’ll get 512GB for the same price, which is a $120 value. The more storage the better, right? Especially when you buy a phone like this that will get support for so many years.

OK, that’s it. Go get one. Or reserve the Fold 6 and wait for it.

Samsung Deal Link

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What’s new on Netflix and what’s leaving in July 2024 https://megaerfolge.org/whats-new-on-netflix-and-whats-leaving-in-july-2024/ https://megaerfolge.org/whats-new-on-netflix-and-whats-leaving-in-july-2024/#respond Mon, 01 Jul 2024 11:55:15 +0000 https://megaerfolge.org/?p=72391

Netflix subscribers, you’re in for several treats in July. While June may have been a little sparse with the original programing, July has Cobra Kai season 6 part 1, Beverly Hills Cop: Axel F, Star Trek: Prodigy season 2, and a new season of Unsolved Mysteries. Those are just the highlights of the Netflix originals. July is also pretty jam-packed with shows from other networks or studios including the arrival of Suits season 9, all six seasons of Lost, and All American season 6.

Thankfully, Netflix didn’t skimp on the films coming to the service in July. The Back to the Future and Spider-Man trilogies are both back on Netflix alongside several other fan-favorite flicks from a wide variety of genres. It’s an impressive lineup, and yet another example of why Netflix remains the dominant streamer.

To help you make your viewing plans for the month ahead, we’ve put together a complete roundup of everything new on Netflix in July 2024 and everything that’s leaving at the end of the month. Our picks for the month are in bold.

If you’re looking for some additional guidance on what to watch, we also have lists of the best movies on Netflix and the best shows on Netflix. If Netflix isn’t your only streaming service, we also have helpful articles on the best movies on Amazon Prime and the best TV shows on Amazon Prime, as well as plenty of guides for Hulu, Disney+, and HBO Max.

Need more suggestions?

Everything new on Netflix in July
July 1

About Antoine Season 1
Extreme Makeover: Home Edition Batch 3
Lost Seasons 1-6
Star Trek: Prodigy Season 2
Suits Season 9
Amazing Antoine
American Hustle
American Psycho
Annabelle
Back to the Future
Back to the Future Part II
Back to the Future Part III
Big Daddy
The Blind Side
Call Me By Your Name
Captain Phillips
Cloudy With a Chance of Meatballs 2
Easy A
The House Bunny
Jigsaw
The Karate Kid
Magic Mike XXL
Matilda (1996)
The Nun
Paw Patrol: The Movie
Spider-Man
Spider-Man 2
Spider-Man 3
The Sweetest Thing
Uncle Buck
The Wiz
Zombieland

July 2

Sprint docuseries premiere (Netflix Original)

July 3

The Man With 1000 Kids docuseries premiere (Netflix Original)
Beverly Hills Cop: Axel F movie premiere (Netflix Original)

July 4

Barbecue Showdown Season 3 premiere (Netflix Original)
Rhythm + Flow France Season 3 premiere (Netflix Original)

July 5

Desperate Lies series premiere (Netflix Original)
The Secret of Skinwalker Ranch Season 3
Goyo movie premiere (Netflix Original)
The Imaginary movie premiere (Netflix Original)

July 7

Boruto: Naruto the Movie
The Last: Naruto the Movie
Road to Ninja: Naruto the Movie

July 8

July 9

The Boyfriend series premiere (Netflix Original)
Hannah Berner: We Ride at Dawn comedy special (Netflix Original)

July 10

Eva Lasting Season 2 premiere (Netflix Original)
Receiver docuseries premiere (Netflix Original)
Sugar Rush: The Baking Point Season 2 premiere (Netflix Original)
Wild Wild Punjab movie premiere (Netflix Original)

July 11

Another Self Season 2 premiere (Netflix Original)
Vikings: Valhalla final season premiere (Netflix Original)
Vanished Into the Night movie premiere (Netflix Original)

July 12

Exploding Kittens series premiere (Netflix Original)
The Mole Season 2 finale (Netflix Original)
Blame the Game movie premiere (Netflix Original)
The Champion movie premiere (Netflix Original)
Lobola Man movie premiere (Netflix Original)

July 15

Wonderoos series premiere (Netflix Original)
Midnight Sun
Trolls Band Together

July 16

Homicide: Los Angeles docuseries premiere (Netflix Original)
Chad Daniels: Empty Nester comedy special (Netflix Original)
The Boy Next Door
Fifty Shades Darker
Fifty Shades Freed

July 17

The Green Glove Gang Season 2 premiere (Netflix Original)
Simone Biles Rising docuseries premiere (Netflix Original)
T・P Bon Season 2 premiere (Netflix Original)

July 18

Cobra Kai Season 6, Part 1 premiere (Netflix Original)
Master of the House series premiere (Netflix Original)

July 19

Laliga: All Access docuseries premiere (Netflix Original)
Sweet Home final season premiere (Netflix Original)
Too Hot to Handle Season 6 premiere (Netflix Original)
Find Me Falling movie premiere (Netflix Original)
Skywalkers: A Love Story documentary premiere (Netflix Original)

July 23

July 24

Dirty Pop: The Boy Band Scam docuseries premiere (Netflix Original)
Love of My Life series premiere (Netflix Original)
Resurrected Rides series premiere (Netflix Original)

July 25

The Decameron series premiere (Netflix Original)
Kleo Season 2 premiere (Netflix Original)
Tokyo Swindlers series premiere (Netflix Original)

July 26

The Dragon Prince Season 6 premiere (Netflix Original)
Elite final season premiere (Netflix Original)
House of Ga’a movie premiere (Netflix Original)
Non Negotiable movie premiere (Netflix Original)

July 27

July 31

Unsolved Mysteries Volume 4 premiere (Netflix Original)
Mountain Queen: The Summits of Lhakpa Sherpa documentary premiere (Netflix Original)

Leaving Netflix in July
July 7

July 14

July 15

July 23

July 31

American Graffiti
Anaconda
Enough
Fatal Attraction
Glass
Hulk
King Richard
Knocked Up
Lucy
Moneyball
Public Enemies
Resident Evil
Resident Evil: Retribution
Role Models
Shrek
Smokey and the Bandit
Smokey and the Bandit II
Something’s Gotta Give
The Great Wall
The Matrix
The Matrix Reloaded
The Matrix Revolutions
The Other Boleyn Girl
The Theory of Everything
Top Gear, seasons 29-30
Traffic



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Which Aircraft Carrier Is The World's Largest, And How Many Planes Can It Carry? https://megaerfolge.org/which-aircraft-carrier-is-the-worlds-largest-and-how-many-planes-can-it-carry/ https://megaerfolge.org/which-aircraft-carrier-is-the-worlds-largest-and-how-many-planes-can-it-carry/#respond Mon, 01 Jul 2024 11:55:08 +0000 https://megaerfolge.org/?p=72388

While the Gerald R. Ford-class aircraft carriers are the biggest in the world to date, the Nimitz-class carriers run a close second. The next biggest are the U.K.’s Queen Elizabeth-class carriers, followed by Russia’s sole carrier, the Admiral Kuznetsov, and China’s Fujian carrier, to round off the top five. The USS Gerald R. Ford has a length of 1,106 feet (337 meters), a height of 256 feet (78 meters) from the flight deck to the beam, and a flight deck width of 256 feet (78 meters).

In comparison, the general characteristics of the Nimitz-class carriers are a length of 1,092 feet (nearly 333 meters), a smaller height of 252 feet (nearly 77 meters), and a flight deck width of 252 feet (nearly 77 meters). Gerald R. Ford-class carriers have a displacement of 100,000 long tons, while Nimitz-class carriers displace 97,000 long tons, both under full load. Gerald R. Ford-class carriers can typically hold over 75 aircraft but can go as high as 90, while Nimitz-class carriers can typically hold around 60 aircraft. 

About 2,600 core crew members are needed to operate Gerald R. Ford-class carriers. This is 25% less than Nimitz-class carriers, which need about 3,500. Both classes of carriers have been designed to operate for 20-25 years before needing to be refueled. The U.S. Navy envisioned a total lifespan of 50 years.

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AT&T, Verizon and T-Mobile Users Hit by Service Outage in Europe https://megaerfolge.org/att-verizon-and-t-mobile-users-hit-by-service-outage-in-europe/ https://megaerfolge.org/att-verizon-and-t-mobile-users-hit-by-service-outage-in-europe/#respond Mon, 01 Jul 2024 11:53:28 +0000 https://megaerfolge.org/?p=72385

Many travelers from the United States lost a crucial tool to check maps, make reservations, use ride-hailing apps and more because of a cellular data outage that began affecting users of AT&T, T-Mobile and Verizon on Wednesday.

The affected travelers, mostly in Europe, posted on social media, seeking answers about what caused the outage and how long it would last. Some reported being unable to make phone calls, send texts or use online services without Wi-Fi for as long as 24 hours. It is unclear what caused the outage, which appeared to extend from Britain to Turkey.

An AT&T spokeswoman said that the carrier’s network was operating normally, but that some customers traveling internationally might be experiencing service disruptions because of an issue outside the AT&T network. The company said it was working with one of its roaming connectivity providers to resolve the issue.

Verizon told some of its customers on social media that it was also aware of the issue and that its teams were working with local providers to resolve it.

A T-Mobile representative said the carrier was one of “several providers impacted by a third-party vendor’s issue that is intermittently affecting some international roaming service” and was also working to resolve it.

George Lagos, a 70-year-old real estate developer from Dunedin, Fla., who is visiting the Greek island of Crete with his family, noticed on Wednesday that his T-Mobile cellular data was not working. For about 24 hours, he said, he was not able to reach the people he had made plans with, though luckily, they had already gone over the details together.

“You know it’s an inconvenience, but it wasn’t a disaster,” said Mr. Lagos, whose service appeared to be restored by Thursday evening. “I didn’t miss a flight. I didn’t have a taxicab looking for me or anything.”

But there was a more serious concern: His wife’s mother has been sick and Mr. Lagos’s wife could not reach the person who was helping take care of her.

“That probably was the worst thing,” Mr. Lagos said.

Major U.S. carriers all offer some version of an all-inclusive international data plan that allows travelers to use their phones much as they would in the United States.

Though the current disruption appears to be easing, travelers affected by such outages have other options to connect. Swapping out a physical SIM card — for phones that still have one — can allow you to connect to a local network. (These typically come in pay-as-you-go or prepaid packages.) For newer phones, apps like Airalo provide relatively inexpensive electronic SIM card packages in many international destinations. And of course, you can always seek out a secure Wi-Fi network.

Follow New York Times Travel on Instagram and sign up for our weekly Travel Dispatch newsletter to get expert tips on traveling smarter and inspiration for your next vacation. Dreaming up a future getaway or just armchair traveling? Check out our 52 Places to Go in 2024.

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N.F.L. Ordered to Pay Billions in Sunday Ticket Lawsuit https://megaerfolge.org/n-f-l-ordered-to-pay-billions-in-sunday-ticket-lawsuit/ https://megaerfolge.org/n-f-l-ordered-to-pay-billions-in-sunday-ticket-lawsuit/#respond Mon, 01 Jul 2024 11:49:29 +0000 https://megaerfolge.org/?p=72382

The N.F.L. must pay almost $5 billion in damages for artificially inflating the price of Sunday Ticket, a subscription service offered by DirecTV that showed out-of-market games, a federal jury in Los Angeles decided on Thursday.

The verdict, which capped a monthlong class-action trial and almost a decade of legal wrangling, includes about $96 million in damages for the bars and restaurants that subscribed to the service, and more than $4.6 billion for roughly 2.4 million residential subscribers. Damages in antitrust cases like this are tripled by law, which means the league may have to pay more than $14 billion.

The jury’s damages were most of what the plaintiffs lawyers were seeking. “It’s a great day for consumers everywhere,” said Bill Carmody, one of the plaintiffs’ lawyers.

The N.F.L. is expected to appeal the verdict.

“We are disappointed with the jury’s verdict today in the N.F.L. Sunday Ticket class action lawsuit,” Brian McCarthy, a league spokesman, said in a statement. “We will certainly contest this decision as we believe that the class action claims in this case are baseless and without merit.”

Judge Philip Gutierrez, who openly admonished the plaintiffs’ lawyers during the trial in U.S. District Court, will hear post-trial motions next month. He could, in theory, decide that the jury reached an improper verdict. An appeals court could also alter the size of the damages.

Still, the verdict poses a substantial risk to the league, which is a $20 billion juggernaut in large part because of its media deals.

“Juries are inherently unpredictable, but any time there’s a ruling against a sports entity, it’s significant because leagues rarely take these cases all the way to trial,” said Gabriel Feldman, the director of the sports law program at Tulane University.

The civil case cut to the heart of the league’s media distribution strategy, which for more than a half-century has been based on negotiating contracts with networks on behalf of all the teams. More than 90 percent of N.F.L. games are shown on free over-the-air television in the markets of the teams in the games, and many other games are shown in prime time on national networks. The league’s contracts with CBS, Fox, NBC and other broadcasters generate more than $10 billion a year.

Sunday Ticket was a unique product because it packaged out-of-market games already being shown by CBS and Fox and resold them to fans for about $300 a season. The plaintiffs argued that the price was deliberately inflated to limit the number of subscribers. The plaintiffs’ lawyers pointed to an email to N.F.L. executives from ESPN that said the cable sports network was willing to offer Sunday Ticket for only $70 and sell single-team packages.

The league spurned the offer and stuck with DirecTV until 2022, when it struck a new deal with YouTube TV.

During the trial, the league acknowledged that CBS and Fox would be hurt if Sunday Ticket attracted too many subscribers. Commissioner Roger Goodell, who testified last week, said the service was priced as a premium product.

The jury — and many fans — contended that the league could and should offer its games at a lower price, and with more flexible options, like team-only packages. Feldman, the Tulane professor, said the N.F.L. would most likely on appeal restate its case that while it negotiated contracts collectively, it was pro-consumer because it offered so many games over the air for free.

The N.F.L. will argue that “we are not like Coke and Pepsi — we are more like Coke and Coke Zero,” Feldman said. “We are part of the same company and part of the same goals.”

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The Fed’s Preferred Inflation Measure Cools, Welcome News https://megaerfolge.org/the-feds-preferred-inflation-measure-cools-welcome-news/ https://megaerfolge.org/the-feds-preferred-inflation-measure-cools-welcome-news/#respond Mon, 01 Jul 2024 11:46:43 +0000 https://megaerfolge.org/?p=72379

The Federal Reserve’s preferred inflation measure continued to cool as consumer spending grew only moderately, good news for central bankers who have been trying to weigh down demand and wrestle price increases under control.

The Personal Consumption Expenditures index climbed 2.6 percent in May from a year earlier, matching what economists had forecast and down from 2.7 percent previously.

After stripping out volatile food and fuel prices to give a better sense of the inflation trend, a “core” price measure was also up 2.6 percent from a year earlier, down from 2.8 percent in the April reading. And on a monthly basis, inflation was especially mild, and prices did not climb on an overall basis.

The Fed is likely to watch the fresh inflation data closely as central bankers think about their next policy steps. Officials raised interest rates sharply starting in 2022 to hit the brakes on consumer and business demand, which in turn can help to slow price increases. But they have held borrowing costs steady at 5.3 percent since July as inflation has slowly come down, and have been contemplating when to begin lowering interest rates.

While officials went into 2024 expecting to make several rate cuts this year, they have pushed those expectations back after inflation proved stubborn early in the year. Policymakers have suggested that they still think they could make one or two rate cuts before the end of the year, and investors now think that the first reduction could come in September.

Given Friday’s fresh inflation data, the sticky inflation early in 2024 looks “more and more like a bump in the road,” Omair Sharif, founder of Inflation Insights, wrote in note after the release. “However you want to slice and dice it, we’ve made considerable progress on core inflation over the last year.”

But whether a rate cut happens in the coming months hinges on what happens with economic data — both for prices and for the labor market.

Inflation remains above the Fed’s 2 percent target, but it is much slower than it was at its 2022 peak, when overall P.C.E. inflation hit 7.1 percent. And a separate but related measure, the Consumer Price Index, reached an even higher peak of 9.1 percent and has now come down sharply as well.

Fed officials have been clear that they will cut rates when inflation has decelerated enough to make them confident that it is coming fully under control, or if the job market shows an unexpected cooling.

Policymakers generally expect inflation to cool in the coming months, though some have expressed concern that the process could be halting.

“Much of the progress on inflation last year was due to supply-side improvements, including easing of supply chain constraints; increases in the number of available workers, due in part to immigration; and lower energy prices,” Michelle Bowman, a Fed governor, said in a speech this week. She suggested that those forces might offer less help going forward.

But other officials are nervously eyeing a slowdown that is beginning to grip the broader economy and that could soon hit the labor market, worried that keeping interest rates too high for too long could come at a cost to America’s workers by slowing growth too much.

Hiring has remained strong so far, and while wage growth is cooling, it is still robust. But some measures suggest that labor conditions are in fact weakening — job openings have come down notably, the unemployment rate has risen slightly and jobless claims have recently ticked up somewhat.

“The labor market has adjusted slowly, and the unemployment rate has only edged up,” Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said in a speech this week. “But we are getting nearer to a point where that benign outcome could be less likely.”

Friday’s report showed that consumer spending remained cool in May, further evidence that steam is coming out of the economy.

Diane Swonk, chief economist at KPMG, said that for now, conditions still looked reasonably strong.

“Are we on thin ice yet? Not yet, and it does look like there is room to run,” she said, but she noted that the Fed must remain vigilant. “They want to cause a cooling of the economy, not a deep freeze.”

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Wall Street Law Firms Are in a Poaching Frenzy. Kind of Like the N.B.A. https://megaerfolge.org/wall-street-law-firms-are-in-a-poaching-frenzy-kind-of-like-the-n-b-a/ https://megaerfolge.org/wall-street-law-firms-are-in-a-poaching-frenzy-kind-of-like-the-n-b-a/#respond Mon, 01 Jul 2024 11:46:36 +0000 https://megaerfolge.org/?p=72376

Hotshot Wall Street lawyers are now so in demand that bidding wars between firms for their services can resemble the frenzy among teams to sign star athletes.

Eight-figure pay packages — rare a decade ago — are increasingly common for corporate lawyers at the top of their game, and many of these new heavy hitters have one thing in common: private equity.

In recent years, highly profitable private equity giants like Apollo, Blackstone and KKR have moved beyond company buyouts into real estate, private lending, insurance and other businesses, amassing trillions of dollars in assets. As their demand for legal services has skyrocketed, they have become big revenue drivers for law firms.

This is pushing up lawyers’ pay across the industry, including at some of Wall Street’s most prestigious firms, such as Kirkland & Ellis; Simpson Thacher & Bartlett; Davis Polk; Latham & Watkins; and Paul, Weiss, Rifkind, Wharton & Garrison. Lawyers with close ties to private equity increasingly enjoy pay and prestige similar to those of star lawyers who represent America’s blue-chip companies and advise them on high-profile mergers, takeover battles and litigation.

Numerous people compared it to a star-centric system like the N.B.A., but others worried that higher and higher pay had gotten out of hand and could strain the law firms forced to stretch their budgets to keep talent from leaving.

“Twenty million dollars is the new $10 million,” said Sabina Lippman, a partner and co-founder of the legal recruiter Lippman Jungers. In the past few years, at least 10 law firms have spent — or acknowledged to Ms. Lippman that they need to spend — around $20 million a year or more to lure the highest-profile lawyers.

One hiring partner at a law firm said $20 million pay packages were usually reserved for those who could bring in more than $100 million in annual revenue for a firm.

Last year, six partners at Kirkland, including some who were recruited during the year, each made at least $25 million, according to people with knowledge of the arrangements who weren’t authorized to discuss pay publicly. Several others in its London office made around $20 million.

One partner at a law firm said pay for top lawyers had roughly tripled in the past five years.

The take-home pay of some top lawyers is now approaching that of big bank chiefs. Jamie Dimon of JPMorgan Chase, the nation’s largest bank, made roughly $36 million last year. David Solomon of Goldman Sachs earned about $31 million over the same period.

At the center of the action is Kirkland, a 115-year-old law firm founded in Chicago that made an early play for private equity clients when few rivals saw them as big moneymakers. About a decade ago, Kirkland began poaching heavy hitters at rival law firms — many based in New York — who had longstanding relationships with the biggest private equity players.

That inspired fierce competition among top law firms, including Simpson, Latham, Davis Polk and Paul, Weiss. Some have changed their compensation structures or stretched their budgets to keep stars from leaving. Others have countered by raiding Kirkland to build their own private equity businesses.

“Firms do not feel like they can only think about being defensive with respect to their talent,” said Scott Yaccarino, co-founder of the legal recruiting firm Empire Search Partners. “They have to be on the offense, too.”

Lawyers have earned multimillion-dollar pay packages for more than a decade. When Scott A. Barshay, one of the industry’s pre-eminent mergers-and-acquisitions lawyers, left Cravath, Swaine & Moore to join Paul, Weiss in 2016, his pay package of $9.5 million created a stir in the industry. (Mr. Barshay’s compensation has risen significantly since then, two people with knowledge of the contract said.)

But the recent jump in pay has happened at a dizzying pace and for many more lawyers. Coupled with the fierce poaching, it is swiftly reshaping the economics of major law firms. Kirkland has even guaranteed some hires fixed shares in the partnership for several years, according to several people with knowledge of the contracts. In some instances, it has extended forgivable loans as sweeteners.

Last year, Kirkland hired away Alvaro Membrillera, a noted private equity lawyer in London who counts KKR as a key client, from Paul, Weiss for around $14 million and a multiyear guarantee, according to two people with knowledge of the contract.

White & Case recently hired O. Keith Hallam III, a partner from Cravath with private equity clients, for roughly $14 million a year, according to a person with knowledge of the contract. The firm also hired Taurie M. Zeitzer, a private equity lawyer at Paul, Weiss, for around the same amount, another person with knowledge of the contract said.

To some, the changing landscape represents a more meritocratic system in which partners can expect pay based on talent rather than seniority. Cravath, a storied, 205-year-old firm, long followed the so-called lock-step system linked to seniority, but modified it in 2021. Debevoise & Plimpton is one of the few remaining firms that continue to follow the lock-step model.

“Law firms have gotten a lot more commercial in how they run themselves,” said Neil Barr, the chair and managing partner of Davis Polk. “Firms are operating like businesses rather than old-school partnerships, and it’s led to more rational business behavior.”

Kirkland’s early bet on private equity has paid off handsomely. Globally, private equity firms managed $8.7 trillion in assets in 2023 — more than five times what they oversaw at the onset of the financial crisis in 2007, according to the data provider Preqin. Blackstone alone manages more than $1 trillion in assets, and other firms, including Apollo, Ares, KKR and Brookfield, collectively oversee trillions more.

As the private equity business took off, Kirkland’s clients began directing hundreds of millions of dollars in business its way each year. In 2023, Kirkland made more than $7 billion in gross revenue, according to The American Lawyer’s annual ranking, making it the highest-grossing law firm in the world.

A single firm like Blackstone or KKR can generate legal work from the constellation of companies, banks and others in its universe. For instance, even though Blackstone’s main law firm is Simpson, it paid Kirkland — one of its secondary law firms — $41.6 million in 2023, according to a regulatory filing.

“The private equity clients of these firms — they mint money,” said Mark Rosen, a legal recruiter.

Simpson, an illustrious Wall Street firm with roots in the Gilded Age and one of the largest private equity practices, has been a particular target of poaching by Kirkland. One person with knowledge of the rivalry called the firm Kirkland’s “farm team.” Kate Slaasted, a spokeswoman for Kirkland, said in an email: “As a firm, we have the highest regard for Simpson Thacher.”

At least seven top partners from Simpson, including Andrew Calder and Peter Martelli, have jumped to Kirkland in the past decade. Kirkland also poached Jennifer S. Perkins, a star lawyer from Latham who has represented KKR on some of its deals, to join its private equity practice.

Mr. Calder and Jon A. Ballis, the chairman of Kirkland, were among the partners who made at least $25 million last year, according to three people with knowledge of the compensation details. Mr. Calder and Melissa D. Kalka, also a partner at Kirkland, work closely with Global Infrastructure Partners, the private equity firm that recently announced a deal to sell itself to BlackRock for $12.5 billion.

In 2023, Paul, Weiss — which counts Apollo Global Management among its top clients and is aggressively building its private equity business — poached several Kirkland lawyers to build out its London office. The firm also hired Eric J. Wedel, whose clients include Bain Capital, KKR and Warburg Pincus, away from Kirkland, and Jim Langston, another private equity-focused lawyer, from Cleary Gottlieb Steen & Hamilton.

Simpson has altered its pay structure in the past year so that it can be more competitive with Kirkland and other rivals. “We intentionally made the decision to adjust our compensation structure to attract and retain the best talent in strategically important practices across our global platform,” Alden Millard, chair of Simpson’s executive committee, wrote in an email.

One sign of the frenzied nature of hiring: the use of multiyear compensation guarantees to attract lawyers. These fell out of favor after Dewey & LeBoeuf filed for bankruptcy in 2012, unable to meet millions of dollars in fixed payments and bonuses it had promised partners. Now, a different type of guaranteed payment has become popular.

Some firms are awarding new hires a number of shares in the partnership for a set period, typically in the range of two to five years. Such offers are attractive because they ensure a specific share of a firm’s profits irrespective of its annual performance.

This frenzy has meant that even lawyers without private equity connections have seen their pay rise. Freshfields — a big British firm that is building a beachhead in the United States — has recruited lawyers in the range of $10 million to $15 million, and provided additional pay guarantees to some, according to three people with direct knowledge of the compensation details.

“Law firms want people who are going to be motivated based on culture,” said Ms. Lippman, the recruiter. “But at some point if you have this big difference between firms, everyone has a price.”

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Apple Intelligence Headlines WWDC24 Kickoff Event https://megaerfolge.org/apple-intelligence-headlines-wwdc24-kickoff-event/ https://megaerfolge.org/apple-intelligence-headlines-wwdc24-kickoff-event/#respond Mon, 01 Jul 2024 11:32:23 +0000 https://megaerfolge.org/?p=72374

“Apple Intelligence,” the company’s answer to the likes of Google Gemini and Microsoft Copilot, didn’t exhibit many tricks not already seen on those other platforms, but it did excel in two areas: integration and privacy.

The technology, announced in a prerecorded presentation Monday at Apple’s annual World Wide Developers Conference, largely taps into a user’s personal information to perform its AI functions and does much of it on the devices where the data is stored to ensure privacy.

“There are already some really impressive chat tools out there that perform a vast array of tasks using world knowledge, but these tools know very little about you or your needs,” Apple Vice President of Software Engineering Craig Federighi said in the presentation. “With iOS 18, iPadOS 18, and macOS Sequoia, we are embarking on a new journey to bring you intelligence that understands you.”

He noted that Apple Intelligence can be used to understand and create language, as well as images, and take action to simplify interactions across devices and apps. It can do things like prioritize notifications and provide writing tools to rewrite, summarize, and proofread text.

“They’re deeply integrating AI into your personal data and enhancing that data using artificial intelligence to make your apps smarter, integrate features, and expand capabilities,” explained Tim Bajarin, president of Creative Strategies, a technology advisory firm, in San Jose, Calif.

“It’s a unique approach,” he told TechNewsWorld. “Apple is the only one who can do it because they control the hardware, software and semiconductors in their system.”

A Personal Kind of AI

Mark N. Vena, president and principal analyst at SmartTech Research in Las Vegas, added that Apple’s vision of Apple Intelligence is based on personalized experience.

“People have been focusing on ChatGPT and other AI applications for publicly available content,” he told TechNewsWorld. “Apple’s view is that the real value of Apple Intelligence is how users will use it in a very personalized and customized way.”

“Apple Intelligence will offer a number of interesting applications that the average person will be able to leverage and see the value of,” he said.

“They’ve thrown the gauntlet down,” he declared. “They’re saying that if you really want to drive AI for the common person, it has to be personalized, it has to be customizable, it has to have meaningful applications, and it has to have a privacy component built into it.”

Private Cloud Compute

The cornerstone of Apple’s personal intelligence system is on-device processing, Federighi explained. It allows Apple Intelligence to be aware of personal data without collecting it.

Not all processing can be performed locally, however. Some tasks may need to be performed in the cloud. For those tasks, Apple has created “Private Cloud Compute,” which allows Apple devices to connect to specialized servers running on Apple silicon for enhanced processing.

“These Apple silicon servers offer the privacy and security of your iPhone from the silicon on up, draw on the security properties of the Swift programming language, and run software with transparency built in,” Federighi elaborated.

“When you make a request, Apple Intelligence analyzes whether it can be processed on device,” he continued. “If it needs greater computational capacity, it can draw on Private Cloud Compute and send only the data that’s relevant to your task to be processed on Apple silicon servers. Your data is never stored or made accessible to Apple.”

“And, just like your iPhone, independent experts can inspect the code that runs on these servers to verify this privacy promise,” he said.

“If Private Cloud Compute is true to its word, it’s a nice effort and one that differentiates Apple pretty well,” Eric Abbruzzese, a research director at ABI Research, a technology advisory company headquartered in Oyster Bay, N.Y., told TechNewsWorld.

Vena was impressed with Apple’s care in building the privacy foundation for Apple Intelligence during the presentation. “If you look at all the usage models that they demonstrated, they have to have access to emails and text messages, so it was important to convince people that privacy is at the core of the way they’re approaching AI,” he said.

However, not all AI requests go to Apple servers. OpenAI’s ChatGPT is also in the mix. Siri might determine that a query might be best answered by ChatGPT rather than personal sources. In that case, Siri would ask permission to send the query to the OpenAI chatbot.

“Apple got OpenAI to agree to not log users’ requests, and no personal data can be given to ChatGPT unless you give it permission,” Bajarin explained. “It’s a great approach and extremely secure.”

AI on Apple’s Terms

Ross Rubin, the principal analyst with Reticle Research, a consumer technology advisory firm in New York City, noted that Apple Intelligence offers the company an opportunity to leverage the power of its processors to do something besides rendering video or playing a game faster.

“It allows them to bring more of these AI models onto the device, which helps their privacy stance,” he told TechNewsWorld. “While Apple Intelligence is interacting with a lot of personal information, none of that information is going anywhere.”

“This is AI on Apple’s terms,” he said.

“No one is going to say we’ve never seen AI do this before,” he added. “It’s the way they’ve integrated it into their apps that represents a more comprehensive approach that we’ve seen thus far.”

Anshel Sag, a senior analyst with Moor Insights & Strategy, a technology analyst and advisory firm based in Austin, Texas, agreed.

“They’re not doing anything particularly novel, but their integration at the platform level is good and compelling,” he told TechNewsWorld. “And they’re telling a strong privacy and computer story, which is in line with everything expected from Apple.”

“What they announced is similar to what we’re seeing from other companies, just not at this scale,” he said. “What you’re seeing with Apple Intelligence is a tighter, cleaner integration of what everyone else has already done with a slight Apple twist to it. It’s not particularly groundbreaking.”

More Than Just a Value-Add

Abbruzzese noted that Apple has approached AI as it has approached other products.

“They’re never first to market. They try to be the best,” he said. “It’s too early to know if they’re the best, but I was struck by how cohesive the announcement was. Everything fit together nicely.”

“I haven’t felt the same way for other players,” he continued. “AI always felt like a value-add to something else. It was not as well-integrated.”

“Every AI feature Apple announced works across the ecosystem,” he added. “We haven’t seen as broad-reaching synergy as that before. Microsoft Copilot is powerful, but it doesn’t feel as well integrated into the Windows ecosystem as Apple Intelligence.”

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