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Release time: 2025-01-20 | Source: Unknown
Qatar tribune Tribune News Network Doha The latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) compiled by S&P Global signalled another solid improvement in business conditions in Qatar’s non-energy private sector in November. Demand for goods and services increased further, supporting growth in total activity. The 12-month outlook for activity remained stronger than the long-run survey trend as firms mentioned Qatar’s attractiveness to international investment. The labour market remained very strong, with another near-record increase in employment and sharp wage inflation as firms sought to attract and retain experienced staff. Overall cost inflation retreated from October’s four-year high while firms continued to cut their own prices to boost competitiveness. The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data. The headline Qatar Financial Centre PMI is a composite single-figure indicator of non-energy private sector performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. The PMI edged up to 52.9 in November, from 52.8 in October, signalling stronger overall growth in business conditions in the non-energy private sector economy. The rise in the headline figure in the latest survey took it further above the long-run survey average of 52.3 (since April 2017). The rise in the PMI since October mainly reflected a faster increase in business activity, a survey-record increase in stocks of purchases and a softer improvement in suppliers’ delivery times. Inflows of new business expanded for the eleventh month running, linked to improving market conditions, marketing efforts, and developing client relationships. Outstanding business decreased for the first time in three months as capacity was expanded. Qatar’s non-energy private sector labour market remained very strong in November. Over the past three months employment has risen more quickly than at any other time in the survey history. This was accompanied by further strong wage inflation, with November’s increase the third-fastest on record following on from September and October. Companies reported boosting salaries to retain experienced and skilled staff in a highly competitive market. Overall cost pressures remained strong but eased from October’s four-year high. In contrast, prices charged for goods and services fell for the fourth month running as firms sought to raise competitiveness. Qatari firms maintained an optimistic outlook for the next 12 months in November. The strength of sentiment was broadly in line with the strong long-run survey trend since 2017. Positive forecasts were linked to domestic economic development, investment, population growth and demand in the real estate and construction sectors.Demand for Qatari financial services increased further in November, driving a marked increase in employment in the sector. Total activity rose again, with the seasonally adjusted Financial Services Business Activity Index remaining well above the no-change mark of 50.0 at 53.7, albeit down from 56.7 in October. Companies were strongly optimistic regarding the 12-month outlook, although sentiment was slightly softer than the long-run series trend (since 2017). Financial services companies cut their prices charged for the fourth month running, and at the fastest rate on record. Meanwhile, average input prices rose at the slowest rate in three months. Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said “The headline PMI edged up to 52.9 in November, surpassing the third quarter average of 52.0 and the long-run trend level of 52.3, indicating stronger business conditions in the non-energy sector. “New business and output expanded further, while the labour market remained robust. Over the past three months, the Employment Index has registered the highest levels in the survey history. Demand for workers and efforts to retain experienced staff have been reflected in the survey data for wages, with the Staff Costs Index remaining higher than at any time prior to August. Copy 04/12/2024 10Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump’s victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It’s now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation’s largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts’ expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan’s consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It’s still up from 70.5 in October. The survey also showed that consumers’ inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed’s preferred measure of inflation and this will be the last PCE reading prior to the central bank’s meeting in December. Stocks closed higher on Wall Street as the market posted The owners of a Colorado funeral home who let nearly The Supreme Court on Friday stepped into a major legal Oil company Phillips 66 has been federally indicted in connection80jili telegram

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The following takes place between March 1980 and June 1981. Part One: a seventh-floor hotel room in Knightsbridge. Tom Petty is sitting at a table drinking Coke and wishing it was Jack Daniel’s. He’s wearing an American Confederate jacket with one white star on the epaulette. He’s got a bone structure, straw-blond hair and a smile like a Gainesville gator. He looks androgynous and he can be ruthless. Like he was on March 7 and 8 at the Hammersmith Odeon when he berated the audience after an hour of polite British reserve with the taunt: “Are you all on fucking Mandrax?” And then slays them with . It’s a riot now. His most recent album, is at No.2 in the US chart but he can’t shift Pink Floyd off that pesky Wall. He also has two singles in the Top 30: , written for J Geils Band – producer Jimmy Iovine would nix that – and , possibly his greatest song to that date. A third, , is in waiting, buoyed by the line So, damn the torpedoes and full steam ahead, as Rear Admiral David Glasgow Farragut ordered at the battle of Mobile Bay before scuppering the CSS Tennessee. In showbiz parlance, Tom Petty has arrived, with all that entails: the cover of , features in and what is euphemistically termed ‘heavy’ management. It wasn’t always like this. Petty and his boys languished at Shelter Records from 1974 to 1977 when they were critical darlings, especially in the UK. The label, co-owned by Leon Russell and Denny Cordell, incorrigible rogues both, had a funky backwoods image, a small roster of idiosyncratic artists and homely promotional values that suited but sank Dwight Twilley without trace. Petty liked the ambience but not the lack of ambition. He didn’t want shelter. He wanted the great wide open. The Heartbreakers tour their debut album in Britain during the height of the new wave and find themselves labelled in a similar category, with Elvis Costello, Nick Lowe singing their praises. It’s a backhanded compliment that recognises Petty’s talents for offering something new by bracketing him with the punks like he’s spent his formative years in a mythical American garage, when his tastes are for classic LA rock, , Neil Young, Atlantic soul and Stax R&B. But hey, anything that’s rock’n’roll’s fine. The second album, , isn’t understood by the critics. More of the same, they moan. Sign up below to get the latest from Classic Rock, plus exclusive special offers, direct to your inbox! Throughout 1979, Petty is involved in a career-threatening lawsuit when Shelter sell their distribution to ABC, who promptly leap into MCA’s bed. Petty goes on strike. “I wasn’t consulted: no one asked me.” There are no tours and – an album recorded at a cost of $500,000 with Jimmy Iovine, ’s favourite engineer – is put on ice by the American High Courts when the singer declares himself bankrupt. Prior to its release, Petty’s artistic life was shrouded in compromise. “Our first album didn’t break for a year. We’d renegotiated a contract that said if Shelter was sold, we’d the right to leave. That happened. ABC sold Shelter to MCA in one of those huge mergers that happen every day. We assumed we were free. MCA said, ‘You ain’t.’ [This overlooks the fact that MCA already owned Shelter; they were simply in re-acquisition.] “Well, being kinda stubborn, I agreed to deliver an album but wouldn’t take any money from them. I spent my own money making it and it was a very expensive record to make. Partly because of the lawsuits, it took ten months. Then in the middle of recording, MCA sued me, Shelter sued me, my publishing company sued me and so did a few other smaller people. MCA’s a big dog for an individual to fight. I had nine lawyers contesting each case. While that’s happening, I’ve got constant offers from other record companies that would make me blush to tell you here. [Columbia apparently offered to shred his MCA contract and give him a multimillion-dollar sweetener.] “It reached the stage where it was almost funny. If I sing a song, do I own it? Me, the band and Jimmy Iovine were midway through and US Marshals were coming to the studio to steal the tapes, confiscate everything. We had to hide all the boxes, smuggle things in and out. I had to go on the stand and evade issues like, ‘What songs have you written? Recite the lyrics. Where are the tapes?’ [Petty’s guitar tech Bugs took them home every night, allowing Tom to plead ignorance in court as to their whereabouts without perjury.] All they could do was beat me up mentally until I did it their way. “Eventually I convinced the judge to let me go on a Californian tour so I could make some money. MCA’s lawyers were telling him I couldn’t do it as I’d incur debts and I couldn’t show any security. So I said to the judge, ‘But judge, there is no security in rock’n’roll,’ and he laughed and let me do it.” The resulting dates – the ‘Lawsuit Tour’ (also known to posterity as the ‘Why MCA? Tour’) – culminated in two sold-out shows in the Universal Amphitheatre, a large hall owned by, whom else, MCA. The executive director was one Danny Bramson, who intervened between artist and company and persuaded them to create the offshoot Backstreet Records (named after Bruce Springsteen’s song ) for Tom Petty And The Heartbreakers. “They didn’t realise how serious I was. I sold everything I had to get what was rightfully ours. It saved the group morale-wise because I never believed that record would make it.” But hits the target and goes double platinum. And after all, Tom is under the wing of the canniest Svengalis on the West Coast. He’s managed by Elliot Roberts (Joni Mitchell and Neil Young’s mentor since 1969) and his English partner, Tony Dimitriades, a former business manager/lawyer of The Kinks with ties to Claire Hamill. Such big hitters; MCA couldn’t be happier. Petty is their boy now (even if he is signed to a subsidiary label). He’s a 27-year-old whose first album has sold over one-and-a-half-million copies, and which will leave The Cars and The Knack in its wake. Any advance warnings regarding Petty’s tempestuous personality seem far-fetched now, alone together in a room. He’s on the wagon for the duration, having had his tonsils removed three weeks earlier, a nasty goodbye to useless nodules when you’re 28. In the US he’d thrown an almighty strop when shown his media schedule. “I fucked up a gig because I was out doing interviews,” he’d said. “All that talking cost me my fucking voice. That’s never going to happen again,” he told Dimitriades. “I should be all right for singing as long as I don’t have to do any fucking interviews in the next few days.” In London, he feels more secure. “I came here a bit before doc’s orders,” Petty drawls pleasantly. “Hospitals are dreadful places. I had three months of a really painful throat. I couldn’t smoke cigarettes, have a joint, nothing. I haven’t been that clear-headed for years. Some of my closest friends say it improved my character a great deal.” He chuckles and reaches for a Benson. “I can’t live like a boy scout. As Mark Twain said when they told him to give up cigarettes or die, ‘Life ain’t worth living without ’em.’” Close, but no cigar. I ask Petty if he has taken stock from the aftermath of the new bands. He professes a liking for Devo “in doses” and The Clash’s in its entirety. His tastes are orthodox but his reasoning is honest. “I’m out of touch, really. One of the bad things about this so-called success is if you go to see somebody, you can get bothered to the point where you don’t enjoy it... it’s an ordeal. I didn’t expect it to be quite as manic; people running after your car and crawling through your windows. It isn’t so bad; it’s what I always wanted, I guess. They don’t want to hurt you. “But if I go to a club, there’s so many music company types, so many LA scene makers, they can spoil your private life. If I see a new band, I find it hard to be objectively involved: it’s impossible to go somewhere and make up your own mind.” Generally he admits there is something in the air. “America’s come a long way. I’m proud. If I’m gonna wave the ole US banner, I admire Cheap Trick and for being loonier than anyone else. The main thing is you can go to towns which were dead three years ago, places like St Louis, and there’re hundreds of new bands all writing their own songs and all finding some kind of audience.” Petty shares Bruce Springsteen’s love for the romantic image and working-class sass. He’s smart enough to stay close to the street but not dumb enough to get stuck on it. “Well, we were the first American band who weren’t punk who were doing that stuff, three-minute songs that weren’t mush. Now the first album doesn’t sound weird at all. I said a lot of things then that I regret – I was always shooting my mouth off. I was a big fan of a lot of that though, I’ve always supported the lunatic fringe because that’s where it’s all gonna come from. When we were here, people always approached us as punk and we’d say, ‘No, we’re a rock’n’roll band’. We didn’t fit that category. Then all we heard was punk this, punk that and we said, ‘Fuck punk!’ “We decided to let our hair grow till it’s down to here and they’re starting to call us punks in America. It was absurd, these stupid labels. That’s the time when they don’t even know what a punk is in America, and one day I just said to a guy, as a joke, ‘If you call me a punk again, I’m gonna cut ya.’ So now I get kids comin’ up and asking me why I’m so down on new wave and I have to tell ’em: ‘Fuck, I invented that new wave here for all you know.’ I’ve always wanted that cleared up ’cos of the animosity it caused. The truth is that I’m glad we were here in ’77. I used to laugh myself sick at the Sex Pistols’ antics. Every day you could buy a paper and there was something outrageous going on.” Watching the gig in Hammersmith, it’s clear this is Petty’s show. “The others all have cliques of fans who come but I’d stand out if I was the bassist, being blond and all. I think they’re happy just to get the money. Benmont [Tench, keyboards] gets a much better shot on this album. “We’ve always been cast in the twelve-string sound; those comparisons. I know we sound like them at times, and God knows I’ve tried not to, but I get a bit tired of hearing them now. I don’t think Roger McGuinn can do all the things people say he can. We’re entirely different musicians really. Of course, I’d be interested to see how he did But he phoned me last year to ask if I had any songs for him and I couldn’t come up with one that was suitable.” One of the smartest things Petty ever did was to appear on the ‘No Nukes’ benefit on the same night as Springsteen. It was good for his credibility and it increased his drawing power on the East Coast. “While we were in limbo with the lawsuits, I’d read in the s about radiation creeping in. I’m not a very political guy but I’m getting worried. At least let the Russians bomb us – it would be so embarrassing to blow ourselves up. “Mike [Campbell, guitarist] and I discussed playing one of those benefits because we thought we’d draw a completely different crowd to the people Jackson Browne and Graham Nash get, the Woodstock types. When Bruce phoned me to play with him – and he doesn’t usually have other groups on his bill – we decided to do it. We don’t preach or send out leaflets. I haven’t heard the album anyway – it doesn’t look very interesting. I saw the show and that was enough. “I’ve changed my mind about a lot of things. I used to say, ‘Fuck the whales,’ but now I think we ought to save them too. Why not?” It’s possible to view this softening process with some cynicism, as part of the homogenised image that tends to accompany stardom, but Petty had no guarantee that would catch fire. “If those people had kept on suing me, I was going to be on a soup line. I’ve never got onto that channel about ‘what is life?’. This time I had a few sleepless nights. I wanted to write anthems for underdogs, songs like and . The theme of the album wasn’t self-conscious but when I put it together afterwards I could see it was about standing up for your rights, the ones that everyone has which can’t be fucked with or taken away. Rather than get really graphic – ‘They took me down to the court today and grilled me for eight hours’ – I wanted to keep the common denominator of them as love songs with other connotations. “They aren’t necessarily boy-girl songs, but I don’t think the kids want to hear a record about the evils of the music business. That’d be boring as hell. Meanwhile, he’s adept at accepting the plaudits while keeping one step ahead of the pundits. He takes his job seriously. He calls his songs ‘disposable’ yet he risked bankruptcy for them. He says of songwriting: “I refuse to think of it as work” – but his game plan looks like very hard work indeed. As for his philosophy, his attitude to the demands of the current lifestyle springs from an expression of naivety based on solid self-assurance. “I’ve proved everything to myself. One of my favourite Dylan lines is, and that’s what I feel. I don’t have to prove it to anyone else.” Part Two. July 1981. Los Angeles. Tom Petty is back in his adopted home and trying to adjust to two weeks off the treadmill. His new album is No.1 on the newly minted airwave-driven Rock Tracks chart but won’t eclipse . Yet again, he’s fallen out with MCA who want to charge record buyers $9.98 rather than the usual $8.98. Steely Dan don’t mind the extra dollar but Petty thinks they’re ripping the fans off and airs his disgust publicly. MCA back down after Petty threatens to call the album – although the working title of is , a reference to keyboard player Benmont Tench’s mild accusation that he wasn’t given enough to do. These are strange times for Petty. Success and fame are uneasy bedfellows and the Heartbreakers have fallen into the usual drugs and booze mess that goes with living in too many hotel rooms with too much money and nothing to spend it on. Bassist Ron Blair hated touring and was replaced on certain sessions by the veteran Donald ‘Duck’ Dunn (Blair would leave thereafter), while Petty had personal and professional problems. His mother Kitty had passed away the day after his 30th birthday the previous October. Devastated as he was, Petty chose not to attend her funeral in his home town of Gainesville, Florida because he reasoned his presence would turn a sombre affair into a three-ring media circus. But he also had issues with his father Earl, who he would later admit had physically and mentally abused him as a child. When I spoke to him the day after the band had played three SRO concerts at th e 18,000-seater LA Forum, he mentioned this distressing episode but glossed over it. “Mum and dad had a car wreck [after which Kitty became epileptic]. She was dying of cancer anyway. My dad’s disabled so he does nothing except play High Life all day. That’s a gambling game, big in Florida. “I’d like my dad to see us play. He never has and we’ve never been back to Gainesville. But he has the fans come round and he chats to ’em and feeds ’em and stuff. He loves that.” And the Heartbreakers will return to their Gatorland stomping ground that October, at the O’Connell Centre with Stevie Nicks as special guest. The arrival of Nicks in Tom’s life proved fortunate. “She started hanging out at the sessions and asked me to write her a song. Me and Mike [Campbell] wrote for her but I decided to keep that so we gave her instead and she sang on my album and I’m producing her.” In fact, Nicks’s disc will outstrip , largely thanks to the heavy rotation of on the then brand new MTV playlist. Petty didn’t know that then. “I’m glad because finally the girl appears on the album and she’s happy because it’s a snaky thing and it ain’t a ballad. She told me, ‘Don’t give me another ballad. I write those all the time!’ So we’re doin’ a kind of Gram Parsons and Emmylou Harris thing. is in my all-time top five albums. Always wanted to meet Gram, but when I got to LA he’d been dead for four months. People always say, ‘Oh ,you’re like Roger McGuinn,’ but I prefer the Parsons’ Byrds. It’s hard to introduce country rock into what we do. People think it’s corny parents’ music but we’re southern country like Gram [who was from Georgia] and I still feel dislocated in LA.” In San Francisco a week earlier, Petty, Nicks and her choir of girlfriends, including new bosom buddy Sharon Celani, Tench and Campbell persuaded the hotel piano bar to let them play a few songs. They knocked out , , and the old Penguins doo-wop number . One of the businessmen at the bar gives them 10 bucks, which Petty pockets until Stevie grabs it off him after one of the businessman in the joint says, ‘That’s for the lady’. “I said, ‘Hey, where’s my share?’ So Stevie rips the bill in half, sticks her half down her cleavage and gives me mine.” Nicks will soon become a regular on Petty tours and is often heard admitting that she’d rather join the Heartbreakers than carry on with Fleetwood Mac. A glimpse into her superstar life proves salutary. There’s the feeling that Tom Petty is one step away from that rarefied world. His rival Bruce Springsteen is just of reach and Tom is forever playing catch-up. Springsteen is a year older and seemingly always one album ahead. goes platinum in 1981 but goes five times platinum. As I’d somewhat tactlessly pointed out in London, Springsteen can do no wrong with British critics. The sun shines from his fundament. Maybe there was an element of a fit of pique when Petty pulled the band’s live performance off the movie, and it must have galled him to support The Boss and Peter Tosh at Madison Square Garden. Six years later he’d sit down and write a song lampooning Springsteen called with fellow Traveling Wilbury Bob Dylan, who was equally irked at hearing Springsteen referred to as his replacement: ‘The new Bob Dylan.’ They’d laughed as they wrote: while George Harrison and Jeff Lynne looked on. Back in real time, Petty had enough on his plate. The stream of fans camped outside his house forced him to hire security and he wrote about his gate man. “Mike thinks it’s funny that I have a security guard ’cos we’re just as scummy as ever. Now I’ve got this guy directing traffic: ‘Just move on please.’ He [the nightwatchman] came to see us play last night and says, ‘Oh, so that’s what you do. Now I get why I have this job.’ But don’t make out I’m complaining. There aren’t so many kids any more. Maybe they got the message. Or maybe I’m fading out,” he laughs. Petty admits, “I was in a strange state of mind when I wrote this album. It’s been like an exorcism. Why ? Well, anything that’s worth working for is a hard promise to me. I put a lyric sheet in for the first time because it’s the first time the words were good enough to be printed. Funny thing is no one ever mentioned the lyrics until I did that, probably couldn’t understand a word I sang. Personally, I don’t have much time for lyric sheets. I don’t want to be reading when I’m listening.” The night before, there’d been a riot and a stage invasion at the Forum that infuriated Petty. He stomped off afterwards and refused to attend the obligatory après-gig party. “I was in a bad mood anyway ’cos I know how much the people at the front paid the scalpers and I wouldn’t want to be pushed out my seat. We played in New York recently and a lot of kids got seriously mashed and taken to hospital, but that was at a festival.” His biggest problem, he says, is, “I can’t unwind. I haven’t been to bed for three days. I don’t take sleeping pills any more – they put me in such a lousy mood – and other drugs don’t work. I’m so charged up by playing a big room, by the energy – sorry to be Californian – but it’s like you get zapped. I’m on an insane schedule.” On the plus side, his six-year-old daughter Adria gets to see him perform for the first time at the Forum, holding Stevie Nicks’s hand tight in the wings. “On the way home she says to me, ‘Why didn’t you call me out?’ I’m like, ‘To do what exactly?’ She wasn’t fazed one bit,” Petty sighs. “I haven’t spent enough time with her.” Nor will he, as the Heartbreakers gang rolls across America. “Thing is, if we ain’t playing, we all get bored so easy. I can’t switch off. I’m getting a little tired of recording in Los Angeles, tell you the truth. I want to record the next album in Memphis.” A solo album? “Nah, why the hell would I do that? I’d end up using the Heartbreakers anyway. It’s just time for us to go back to our roots. We’ve exhausted this place.” Tape recorder turned off, Petty pours a cup of tea and gets up to go. “Me and Mike have a song we’re working out called . It’s a B-side but I want to play it live when we hit the road.” You can take the man out of the south, but you can’t take the south out of the man. “The world had gone mad. The PMRC were trying to use all these great songs for their own agenda, which in the long run counted for nothing”: The story of Judas Priest’s Defenders Of The Faith, the album that Tipper Gore couldn’t silence “As a term, ‘prog’ only evolved in the 1990s. And I loathe it. As soon as someone sticks a label on to you, they stop listening”: How Robert Fripp brought King Crimson back for their final resurrection “Within my lifetime there could be some natural disaster or a third World War that could destroy everything. I sincerely believe that we live in the beginning of the end”: How Satyricon faced the darkness with The Age Of Nero Max Bell worked for the during the golden 70s era before running up and down London’s Fleet Street for and all the other hot-metal dailies. A long stint at the and mags like and kept him honest. Later, and called.With rookie quarterback Michael Penix Jr. flashing promise, don't count on the Atlanta Falcons keeping Kirk Cousins for much longer. Before their Week 16 home game against the New York Giants (2-13), the Falcons benched Cousins in favor of Penix. The eighth overall pick of the 2024 NFL Draft completed 18-of-27 passes for 202 yards and tossed one interception in a 34-7 blowout. If Penix improves over the Falcons' last two regular-season games, they will likely release or trade Cousins in 2025. "He would have a [trade] market," an executive told The Athletic's Jeff Howe in his Tuesday QB stock report. "However, the contract is what will hold it back. The compensation would depend on how much Atlanta would eat or if he would rework the contract." Cousins signed a four-year, $180M contract this past offseason, which includes a potential out in 2026. The deal also has a no-trade clause, but the QB would probably be willing to waive it. His salary in 2025 ($27.5M) is fully guaranteed, and his 2026 roster bonus ($10M) activates if he's on a team on the fifth day of the league year in March. This would detract potential trade suitors. Even if the Falcons absorb some of his salary, they won't receive a massive package for Cousins, who has thrown a career-high 16 interceptions in 14 starts. Seven executives and coaches told Howe Atlanta wouldn't get more than a day-three draft pick for the 36-year-old. Releasing him would leave Atlanta with sizeable cap charges. The Falcons would incur $40M in dead cap in 2025 and $25M in 2026 if they cut Cousins with a post-June 1 designation, per Spotrac. The Falcons should still try to find potential trade partners. A QB-needy team (Tennessee Titans, Las Vegas Raiders?) may be desperate enough to take a risk on him. Plus, Penix could prove he's the future of the franchise if he leads the Falcons (8-7) to the playoffs. Atlanta clinches the NFC South with a road win over the Washington Commanders (10-5) and a Tampa Bay Buccaneers loss in Week 17.

CNN's Jennings: 'Democrats Are the Party of Uncommon Nonsense'

Qatar tribune Tribune News Network Doha The latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) compiled by S&P Global signalled another solid improvement in business conditions in Qatar’s non-energy private sector in November. Demand for goods and services increased further, supporting growth in total activity. The 12-month outlook for activity remained stronger than the long-run survey trend as firms mentioned Qatar’s attractiveness to international investment. The labour market remained very strong, with another near-record increase in employment and sharp wage inflation as firms sought to attract and retain experienced staff. Overall cost inflation retreated from October’s four-year high while firms continued to cut their own prices to boost competitiveness. The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers the manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data. The headline Qatar Financial Centre PMI is a composite single-figure indicator of non-energy private sector performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases. The PMI edged up to 52.9 in November, from 52.8 in October, signalling stronger overall growth in business conditions in the non-energy private sector economy. The rise in the headline figure in the latest survey took it further above the long-run survey average of 52.3 (since April 2017). The rise in the PMI since October mainly reflected a faster increase in business activity, a survey-record increase in stocks of purchases and a softer improvement in suppliers’ delivery times. Inflows of new business expanded for the eleventh month running, linked to improving market conditions, marketing efforts, and developing client relationships. Outstanding business decreased for the first time in three months as capacity was expanded. Qatar’s non-energy private sector labour market remained very strong in November. Over the past three months employment has risen more quickly than at any other time in the survey history. This was accompanied by further strong wage inflation, with November’s increase the third-fastest on record following on from September and October. Companies reported boosting salaries to retain experienced and skilled staff in a highly competitive market. Overall cost pressures remained strong but eased from October’s four-year high. In contrast, prices charged for goods and services fell for the fourth month running as firms sought to raise competitiveness. Qatari firms maintained an optimistic outlook for the next 12 months in November. The strength of sentiment was broadly in line with the strong long-run survey trend since 2017. Positive forecasts were linked to domestic economic development, investment, population growth and demand in the real estate and construction sectors.Demand for Qatari financial services increased further in November, driving a marked increase in employment in the sector. Total activity rose again, with the seasonally adjusted Financial Services Business Activity Index remaining well above the no-change mark of 50.0 at 53.7, albeit down from 56.7 in October. Companies were strongly optimistic regarding the 12-month outlook, although sentiment was slightly softer than the long-run series trend (since 2017). Financial services companies cut their prices charged for the fourth month running, and at the fastest rate on record. Meanwhile, average input prices rose at the slowest rate in three months. Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said “The headline PMI edged up to 52.9 in November, surpassing the third quarter average of 52.0 and the long-run trend level of 52.3, indicating stronger business conditions in the non-energy sector. “New business and output expanded further, while the labour market remained robust. Over the past three months, the Employment Index has registered the highest levels in the survey history. Demand for workers and efforts to retain experienced staff have been reflected in the survey data for wages, with the Staff Costs Index remaining higher than at any time prior to August. Copy 04/12/2024 10Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump’s victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It’s now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation’s largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts’ expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan’s consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It’s still up from 70.5 in October. The survey also showed that consumers’ inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed’s preferred measure of inflation and this will be the last PCE reading prior to the central bank’s meeting in December. Stocks closed higher on Wall Street as the market posted The owners of a Colorado funeral home who let nearly The Supreme Court on Friday stepped into a major legal Oil company Phillips 66 has been federally indicted in connection80jili telegram

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The following takes place between March 1980 and June 1981. Part One: a seventh-floor hotel room in Knightsbridge. Tom Petty is sitting at a table drinking Coke and wishing it was Jack Daniel’s. He’s wearing an American Confederate jacket with one white star on the epaulette. He’s got a bone structure, straw-blond hair and a smile like a Gainesville gator. He looks androgynous and he can be ruthless. Like he was on March 7 and 8 at the Hammersmith Odeon when he berated the audience after an hour of polite British reserve with the taunt: “Are you all on fucking Mandrax?” And then slays them with . It’s a riot now. His most recent album, is at No.2 in the US chart but he can’t shift Pink Floyd off that pesky Wall. He also has two singles in the Top 30: , written for J Geils Band – producer Jimmy Iovine would nix that – and , possibly his greatest song to that date. A third, , is in waiting, buoyed by the line So, damn the torpedoes and full steam ahead, as Rear Admiral David Glasgow Farragut ordered at the battle of Mobile Bay before scuppering the CSS Tennessee. In showbiz parlance, Tom Petty has arrived, with all that entails: the cover of , features in and what is euphemistically termed ‘heavy’ management. It wasn’t always like this. Petty and his boys languished at Shelter Records from 1974 to 1977 when they were critical darlings, especially in the UK. The label, co-owned by Leon Russell and Denny Cordell, incorrigible rogues both, had a funky backwoods image, a small roster of idiosyncratic artists and homely promotional values that suited but sank Dwight Twilley without trace. Petty liked the ambience but not the lack of ambition. He didn’t want shelter. He wanted the great wide open. The Heartbreakers tour their debut album in Britain during the height of the new wave and find themselves labelled in a similar category, with Elvis Costello, Nick Lowe singing their praises. It’s a backhanded compliment that recognises Petty’s talents for offering something new by bracketing him with the punks like he’s spent his formative years in a mythical American garage, when his tastes are for classic LA rock, , Neil Young, Atlantic soul and Stax R&B. But hey, anything that’s rock’n’roll’s fine. The second album, , isn’t understood by the critics. More of the same, they moan. Sign up below to get the latest from Classic Rock, plus exclusive special offers, direct to your inbox! Throughout 1979, Petty is involved in a career-threatening lawsuit when Shelter sell their distribution to ABC, who promptly leap into MCA’s bed. Petty goes on strike. “I wasn’t consulted: no one asked me.” There are no tours and – an album recorded at a cost of $500,000 with Jimmy Iovine, ’s favourite engineer – is put on ice by the American High Courts when the singer declares himself bankrupt. Prior to its release, Petty’s artistic life was shrouded in compromise. “Our first album didn’t break for a year. We’d renegotiated a contract that said if Shelter was sold, we’d the right to leave. That happened. ABC sold Shelter to MCA in one of those huge mergers that happen every day. We assumed we were free. MCA said, ‘You ain’t.’ [This overlooks the fact that MCA already owned Shelter; they were simply in re-acquisition.] “Well, being kinda stubborn, I agreed to deliver an album but wouldn’t take any money from them. I spent my own money making it and it was a very expensive record to make. Partly because of the lawsuits, it took ten months. Then in the middle of recording, MCA sued me, Shelter sued me, my publishing company sued me and so did a few other smaller people. MCA’s a big dog for an individual to fight. I had nine lawyers contesting each case. While that’s happening, I’ve got constant offers from other record companies that would make me blush to tell you here. [Columbia apparently offered to shred his MCA contract and give him a multimillion-dollar sweetener.] “It reached the stage where it was almost funny. If I sing a song, do I own it? Me, the band and Jimmy Iovine were midway through and US Marshals were coming to the studio to steal the tapes, confiscate everything. We had to hide all the boxes, smuggle things in and out. I had to go on the stand and evade issues like, ‘What songs have you written? Recite the lyrics. Where are the tapes?’ [Petty’s guitar tech Bugs took them home every night, allowing Tom to plead ignorance in court as to their whereabouts without perjury.] All they could do was beat me up mentally until I did it their way. “Eventually I convinced the judge to let me go on a Californian tour so I could make some money. MCA’s lawyers were telling him I couldn’t do it as I’d incur debts and I couldn’t show any security. So I said to the judge, ‘But judge, there is no security in rock’n’roll,’ and he laughed and let me do it.” The resulting dates – the ‘Lawsuit Tour’ (also known to posterity as the ‘Why MCA? Tour’) – culminated in two sold-out shows in the Universal Amphitheatre, a large hall owned by, whom else, MCA. The executive director was one Danny Bramson, who intervened between artist and company and persuaded them to create the offshoot Backstreet Records (named after Bruce Springsteen’s song ) for Tom Petty And The Heartbreakers. “They didn’t realise how serious I was. I sold everything I had to get what was rightfully ours. It saved the group morale-wise because I never believed that record would make it.” But hits the target and goes double platinum. And after all, Tom is under the wing of the canniest Svengalis on the West Coast. He’s managed by Elliot Roberts (Joni Mitchell and Neil Young’s mentor since 1969) and his English partner, Tony Dimitriades, a former business manager/lawyer of The Kinks with ties to Claire Hamill. Such big hitters; MCA couldn’t be happier. Petty is their boy now (even if he is signed to a subsidiary label). He’s a 27-year-old whose first album has sold over one-and-a-half-million copies, and which will leave The Cars and The Knack in its wake. Any advance warnings regarding Petty’s tempestuous personality seem far-fetched now, alone together in a room. He’s on the wagon for the duration, having had his tonsils removed three weeks earlier, a nasty goodbye to useless nodules when you’re 28. In the US he’d thrown an almighty strop when shown his media schedule. “I fucked up a gig because I was out doing interviews,” he’d said. “All that talking cost me my fucking voice. That’s never going to happen again,” he told Dimitriades. “I should be all right for singing as long as I don’t have to do any fucking interviews in the next few days.” In London, he feels more secure. “I came here a bit before doc’s orders,” Petty drawls pleasantly. “Hospitals are dreadful places. I had three months of a really painful throat. I couldn’t smoke cigarettes, have a joint, nothing. I haven’t been that clear-headed for years. Some of my closest friends say it improved my character a great deal.” He chuckles and reaches for a Benson. “I can’t live like a boy scout. As Mark Twain said when they told him to give up cigarettes or die, ‘Life ain’t worth living without ’em.’” Close, but no cigar. I ask Petty if he has taken stock from the aftermath of the new bands. He professes a liking for Devo “in doses” and The Clash’s in its entirety. His tastes are orthodox but his reasoning is honest. “I’m out of touch, really. One of the bad things about this so-called success is if you go to see somebody, you can get bothered to the point where you don’t enjoy it... it’s an ordeal. I didn’t expect it to be quite as manic; people running after your car and crawling through your windows. It isn’t so bad; it’s what I always wanted, I guess. They don’t want to hurt you. “But if I go to a club, there’s so many music company types, so many LA scene makers, they can spoil your private life. If I see a new band, I find it hard to be objectively involved: it’s impossible to go somewhere and make up your own mind.” Generally he admits there is something in the air. “America’s come a long way. I’m proud. If I’m gonna wave the ole US banner, I admire Cheap Trick and for being loonier than anyone else. The main thing is you can go to towns which were dead three years ago, places like St Louis, and there’re hundreds of new bands all writing their own songs and all finding some kind of audience.” Petty shares Bruce Springsteen’s love for the romantic image and working-class sass. He’s smart enough to stay close to the street but not dumb enough to get stuck on it. “Well, we were the first American band who weren’t punk who were doing that stuff, three-minute songs that weren’t mush. Now the first album doesn’t sound weird at all. I said a lot of things then that I regret – I was always shooting my mouth off. I was a big fan of a lot of that though, I’ve always supported the lunatic fringe because that’s where it’s all gonna come from. When we were here, people always approached us as punk and we’d say, ‘No, we’re a rock’n’roll band’. We didn’t fit that category. Then all we heard was punk this, punk that and we said, ‘Fuck punk!’ “We decided to let our hair grow till it’s down to here and they’re starting to call us punks in America. It was absurd, these stupid labels. That’s the time when they don’t even know what a punk is in America, and one day I just said to a guy, as a joke, ‘If you call me a punk again, I’m gonna cut ya.’ So now I get kids comin’ up and asking me why I’m so down on new wave and I have to tell ’em: ‘Fuck, I invented that new wave here for all you know.’ I’ve always wanted that cleared up ’cos of the animosity it caused. The truth is that I’m glad we were here in ’77. I used to laugh myself sick at the Sex Pistols’ antics. Every day you could buy a paper and there was something outrageous going on.” Watching the gig in Hammersmith, it’s clear this is Petty’s show. “The others all have cliques of fans who come but I’d stand out if I was the bassist, being blond and all. I think they’re happy just to get the money. Benmont [Tench, keyboards] gets a much better shot on this album. “We’ve always been cast in the twelve-string sound; those comparisons. I know we sound like them at times, and God knows I’ve tried not to, but I get a bit tired of hearing them now. I don’t think Roger McGuinn can do all the things people say he can. We’re entirely different musicians really. Of course, I’d be interested to see how he did But he phoned me last year to ask if I had any songs for him and I couldn’t come up with one that was suitable.” One of the smartest things Petty ever did was to appear on the ‘No Nukes’ benefit on the same night as Springsteen. It was good for his credibility and it increased his drawing power on the East Coast. “While we were in limbo with the lawsuits, I’d read in the s about radiation creeping in. I’m not a very political guy but I’m getting worried. At least let the Russians bomb us – it would be so embarrassing to blow ourselves up. “Mike [Campbell, guitarist] and I discussed playing one of those benefits because we thought we’d draw a completely different crowd to the people Jackson Browne and Graham Nash get, the Woodstock types. When Bruce phoned me to play with him – and he doesn’t usually have other groups on his bill – we decided to do it. We don’t preach or send out leaflets. I haven’t heard the album anyway – it doesn’t look very interesting. I saw the show and that was enough. “I’ve changed my mind about a lot of things. I used to say, ‘Fuck the whales,’ but now I think we ought to save them too. Why not?” It’s possible to view this softening process with some cynicism, as part of the homogenised image that tends to accompany stardom, but Petty had no guarantee that would catch fire. “If those people had kept on suing me, I was going to be on a soup line. I’ve never got onto that channel about ‘what is life?’. This time I had a few sleepless nights. I wanted to write anthems for underdogs, songs like and . The theme of the album wasn’t self-conscious but when I put it together afterwards I could see it was about standing up for your rights, the ones that everyone has which can’t be fucked with or taken away. Rather than get really graphic – ‘They took me down to the court today and grilled me for eight hours’ – I wanted to keep the common denominator of them as love songs with other connotations. “They aren’t necessarily boy-girl songs, but I don’t think the kids want to hear a record about the evils of the music business. That’d be boring as hell. Meanwhile, he’s adept at accepting the plaudits while keeping one step ahead of the pundits. He takes his job seriously. He calls his songs ‘disposable’ yet he risked bankruptcy for them. He says of songwriting: “I refuse to think of it as work” – but his game plan looks like very hard work indeed. As for his philosophy, his attitude to the demands of the current lifestyle springs from an expression of naivety based on solid self-assurance. “I’ve proved everything to myself. One of my favourite Dylan lines is, and that’s what I feel. I don’t have to prove it to anyone else.” Part Two. July 1981. Los Angeles. Tom Petty is back in his adopted home and trying to adjust to two weeks off the treadmill. His new album is No.1 on the newly minted airwave-driven Rock Tracks chart but won’t eclipse . Yet again, he’s fallen out with MCA who want to charge record buyers $9.98 rather than the usual $8.98. Steely Dan don’t mind the extra dollar but Petty thinks they’re ripping the fans off and airs his disgust publicly. MCA back down after Petty threatens to call the album – although the working title of is , a reference to keyboard player Benmont Tench’s mild accusation that he wasn’t given enough to do. These are strange times for Petty. Success and fame are uneasy bedfellows and the Heartbreakers have fallen into the usual drugs and booze mess that goes with living in too many hotel rooms with too much money and nothing to spend it on. Bassist Ron Blair hated touring and was replaced on certain sessions by the veteran Donald ‘Duck’ Dunn (Blair would leave thereafter), while Petty had personal and professional problems. His mother Kitty had passed away the day after his 30th birthday the previous October. Devastated as he was, Petty chose not to attend her funeral in his home town of Gainesville, Florida because he reasoned his presence would turn a sombre affair into a three-ring media circus. But he also had issues with his father Earl, who he would later admit had physically and mentally abused him as a child. When I spoke to him the day after the band had played three SRO concerts at th e 18,000-seater LA Forum, he mentioned this distressing episode but glossed over it. “Mum and dad had a car wreck [after which Kitty became epileptic]. She was dying of cancer anyway. My dad’s disabled so he does nothing except play High Life all day. That’s a gambling game, big in Florida. “I’d like my dad to see us play. He never has and we’ve never been back to Gainesville. But he has the fans come round and he chats to ’em and feeds ’em and stuff. He loves that.” And the Heartbreakers will return to their Gatorland stomping ground that October, at the O’Connell Centre with Stevie Nicks as special guest. The arrival of Nicks in Tom’s life proved fortunate. “She started hanging out at the sessions and asked me to write her a song. Me and Mike [Campbell] wrote for her but I decided to keep that so we gave her instead and she sang on my album and I’m producing her.” In fact, Nicks’s disc will outstrip , largely thanks to the heavy rotation of on the then brand new MTV playlist. Petty didn’t know that then. “I’m glad because finally the girl appears on the album and she’s happy because it’s a snaky thing and it ain’t a ballad. She told me, ‘Don’t give me another ballad. I write those all the time!’ So we’re doin’ a kind of Gram Parsons and Emmylou Harris thing. is in my all-time top five albums. Always wanted to meet Gram, but when I got to LA he’d been dead for four months. People always say, ‘Oh ,you’re like Roger McGuinn,’ but I prefer the Parsons’ Byrds. It’s hard to introduce country rock into what we do. People think it’s corny parents’ music but we’re southern country like Gram [who was from Georgia] and I still feel dislocated in LA.” In San Francisco a week earlier, Petty, Nicks and her choir of girlfriends, including new bosom buddy Sharon Celani, Tench and Campbell persuaded the hotel piano bar to let them play a few songs. They knocked out , , and the old Penguins doo-wop number . One of the businessmen at the bar gives them 10 bucks, which Petty pockets until Stevie grabs it off him after one of the businessman in the joint says, ‘That’s for the lady’. “I said, ‘Hey, where’s my share?’ So Stevie rips the bill in half, sticks her half down her cleavage and gives me mine.” Nicks will soon become a regular on Petty tours and is often heard admitting that she’d rather join the Heartbreakers than carry on with Fleetwood Mac. A glimpse into her superstar life proves salutary. There’s the feeling that Tom Petty is one step away from that rarefied world. His rival Bruce Springsteen is just of reach and Tom is forever playing catch-up. Springsteen is a year older and seemingly always one album ahead. goes platinum in 1981 but goes five times platinum. As I’d somewhat tactlessly pointed out in London, Springsteen can do no wrong with British critics. The sun shines from his fundament. Maybe there was an element of a fit of pique when Petty pulled the band’s live performance off the movie, and it must have galled him to support The Boss and Peter Tosh at Madison Square Garden. Six years later he’d sit down and write a song lampooning Springsteen called with fellow Traveling Wilbury Bob Dylan, who was equally irked at hearing Springsteen referred to as his replacement: ‘The new Bob Dylan.’ They’d laughed as they wrote: while George Harrison and Jeff Lynne looked on. Back in real time, Petty had enough on his plate. The stream of fans camped outside his house forced him to hire security and he wrote about his gate man. “Mike thinks it’s funny that I have a security guard ’cos we’re just as scummy as ever. Now I’ve got this guy directing traffic: ‘Just move on please.’ He [the nightwatchman] came to see us play last night and says, ‘Oh, so that’s what you do. Now I get why I have this job.’ But don’t make out I’m complaining. There aren’t so many kids any more. Maybe they got the message. Or maybe I’m fading out,” he laughs. Petty admits, “I was in a strange state of mind when I wrote this album. It’s been like an exorcism. Why ? Well, anything that’s worth working for is a hard promise to me. I put a lyric sheet in for the first time because it’s the first time the words were good enough to be printed. Funny thing is no one ever mentioned the lyrics until I did that, probably couldn’t understand a word I sang. Personally, I don’t have much time for lyric sheets. I don’t want to be reading when I’m listening.” The night before, there’d been a riot and a stage invasion at the Forum that infuriated Petty. He stomped off afterwards and refused to attend the obligatory après-gig party. “I was in a bad mood anyway ’cos I know how much the people at the front paid the scalpers and I wouldn’t want to be pushed out my seat. We played in New York recently and a lot of kids got seriously mashed and taken to hospital, but that was at a festival.” His biggest problem, he says, is, “I can’t unwind. I haven’t been to bed for three days. I don’t take sleeping pills any more – they put me in such a lousy mood – and other drugs don’t work. I’m so charged up by playing a big room, by the energy – sorry to be Californian – but it’s like you get zapped. I’m on an insane schedule.” On the plus side, his six-year-old daughter Adria gets to see him perform for the first time at the Forum, holding Stevie Nicks’s hand tight in the wings. “On the way home she says to me, ‘Why didn’t you call me out?’ I’m like, ‘To do what exactly?’ She wasn’t fazed one bit,” Petty sighs. “I haven’t spent enough time with her.” Nor will he, as the Heartbreakers gang rolls across America. “Thing is, if we ain’t playing, we all get bored so easy. I can’t switch off. I’m getting a little tired of recording in Los Angeles, tell you the truth. I want to record the next album in Memphis.” A solo album? “Nah, why the hell would I do that? I’d end up using the Heartbreakers anyway. It’s just time for us to go back to our roots. We’ve exhausted this place.” Tape recorder turned off, Petty pours a cup of tea and gets up to go. “Me and Mike have a song we’re working out called . It’s a B-side but I want to play it live when we hit the road.” You can take the man out of the south, but you can’t take the south out of the man. “The world had gone mad. The PMRC were trying to use all these great songs for their own agenda, which in the long run counted for nothing”: The story of Judas Priest’s Defenders Of The Faith, the album that Tipper Gore couldn’t silence “As a term, ‘prog’ only evolved in the 1990s. And I loathe it. As soon as someone sticks a label on to you, they stop listening”: How Robert Fripp brought King Crimson back for their final resurrection “Within my lifetime there could be some natural disaster or a third World War that could destroy everything. I sincerely believe that we live in the beginning of the end”: How Satyricon faced the darkness with The Age Of Nero Max Bell worked for the during the golden 70s era before running up and down London’s Fleet Street for and all the other hot-metal dailies. A long stint at the and mags like and kept him honest. Later, and called.With rookie quarterback Michael Penix Jr. flashing promise, don't count on the Atlanta Falcons keeping Kirk Cousins for much longer. Before their Week 16 home game against the New York Giants (2-13), the Falcons benched Cousins in favor of Penix. The eighth overall pick of the 2024 NFL Draft completed 18-of-27 passes for 202 yards and tossed one interception in a 34-7 blowout. If Penix improves over the Falcons' last two regular-season games, they will likely release or trade Cousins in 2025. "He would have a [trade] market," an executive told The Athletic's Jeff Howe in his Tuesday QB stock report. "However, the contract is what will hold it back. The compensation would depend on how much Atlanta would eat or if he would rework the contract." Cousins signed a four-year, $180M contract this past offseason, which includes a potential out in 2026. The deal also has a no-trade clause, but the QB would probably be willing to waive it. His salary in 2025 ($27.5M) is fully guaranteed, and his 2026 roster bonus ($10M) activates if he's on a team on the fifth day of the league year in March. This would detract potential trade suitors. Even if the Falcons absorb some of his salary, they won't receive a massive package for Cousins, who has thrown a career-high 16 interceptions in 14 starts. Seven executives and coaches told Howe Atlanta wouldn't get more than a day-three draft pick for the 36-year-old. Releasing him would leave Atlanta with sizeable cap charges. The Falcons would incur $40M in dead cap in 2025 and $25M in 2026 if they cut Cousins with a post-June 1 designation, per Spotrac. The Falcons should still try to find potential trade partners. A QB-needy team (Tennessee Titans, Las Vegas Raiders?) may be desperate enough to take a risk on him. Plus, Penix could prove he's the future of the franchise if he leads the Falcons (8-7) to the playoffs. Atlanta clinches the NFC South with a road win over the Washington Commanders (10-5) and a Tampa Bay Buccaneers loss in Week 17.

CNN's Jennings: 'Democrats Are the Party of Uncommon Nonsense'

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