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What happens when reporters and Washington elites call a truce? They hold the White House Correspondents' dinner, also known as the nerd prom. Back when the dinner started in 1921, about 50 people showed up. Now the guest list numbers in the thousands, and the festivities include a red carpet, and a slew of pre-parties and after-parties, and brunches. What once happened in a single night now unfolds over a week, but the guest of honor won't be attending this year. Instead, President Trump will be holding a rally in Pennsylvania, although he's not the only person criticizing the dinner. The other critics? The very journalists that the president finds himself at odds with, though it turns out that their beef with the nerd prom is not such new thing. Patrick Gavin is a journalist, filmmaker and the creator of the documentary "Nerd Prom: Inside Washington's Wildest Night." Gavin spoke with Marketplace guest host Adriene Hill. An edited transcript of their interview follows. Adriene Hill: So how has it changed? What happened to bring in all these parties and pre-parties, and how has the mission shifted because of it? Patrick Gavin: Well, I think that people realize that there is a great opportunity to kind of glom onto this weekend. To not only throw parties to promote your brand or to promote your television shows or to thank your advertisers, but also to kind of show that you carry some moxie in this town. And that's sort of what a lot of it is. You know, if you are Verizon, or if you are Comcast, or whatever it is, by throwing a big party, a big event, it's a great way to show that you are a major player in a town in which that's incredibly important. Hill: I understand that as it became more and more of a scene, some big-name journalistic organizations pulled out. Is that right? Gavin: That's right. The New York Times has sort of barred its reporters from going to the actual dinner for a number of years, although they're free to go to any parties they want. You know, BuzzFeed now really doesn't go to the dinner. They throw their own party. This year, Vanity Fair and Bloomberg have canceled their after-party. So more and more, I think people are starting to see this weekend for what it is, which is not the greatest representation. I think that if you're somebody watching this dinner on C-SPAN, and you see reporters and politicians and everybody who's in this town, in theory, to serve the public, and you see them essentially patting themselves on the back and hobnobbing with celebrities, and I think it rings hollow with people back home. I mean, Washington D.C.'s approval rating is in the toilet. Reporters' approval ratings are in the toilet. Congress, etc. etc.. So for us to, every year, have this Super Bowl where the whole point is to congratulate ourselves and to talk about how amazing we are and to go to these elegant parties, really just doesn't sit well with how people outside D.C. view us. And I don't think we represent ourselves very well. Hill: How is the relationship between the Trump administration and the press now changing things this year for this event? Gavin: Trump is certainly changing this weekend in unique ways. I mean, I think Vanity Fair and Bloomberg specifically are canceling their party, in large part, as a maybe-not-so-subtle protest against Trump's attitude towards the press. But you know, from my vantage point, that's a little bit too little too late. I mean, if the idea is that you want to protest presidents with bad press policies, you know, Obama had a pretty bad policy towards the press. And no one canceled their parties for him. So I think for everybody to all of a sudden get a bit of courage, maybe because it's more popular to not like Donald Trump now, than it was under Obama.... You know, it seems a little bit too little too late. But I also think people who care about White House journalism never have a spotlight like they do that night, where millions of people are tuning in on TV or later online. And if they could use that attention, and all the celebrities and the paparazzi and the red carpet, to really try to educate people about what is the very important cause of White House journalism ... then you could sort of make lemonade out of these lemons. Hill: Do you think that could happen this year? Gavin: No. It never does. But they ought to. I mean, it's an important cause, and they're the best people to do it. 

Read more: Marketplace All Stories

A interview and Q&A with Billionaire and founder of the hedge find, Bridgewater Associates, Ray Dalio. In this interview Ray discusses the culture he has created at Bridgewater and why meritocracy and Radical transparency have made Bridgwater such as successful […] The post Ray Dalio: Radical Transparency and Culture at Bridgewater appeared first on ValueWalk.

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What You Will Learn An explanation of each component of the Altman Z score When and how to use it Why it is still relevant Free Altman Z spreadsheet download To get this kind of information and other exclusive articles […] The post Altman Z Score Useless? Here’s Why I’m Still Using It appeared first on ValueWalk.

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Traders and investors know how potentially devastating high volatility can be for all but the most nimble. In The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017), Jonathan Morduch and Rachel Schneider show […] The post The Financial Diaries: How American Families Cope in a World of Uncertainty appeared first on ValueWalk.

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AT&T was in the news recently for its latest announcement about 5G Evolution, which has become popular as a fake 5G network. Recently, the mobile services provider announced plans to release its 5G Evolution network in about 20 cities by […] The post AT&T Launches 5G Evolution, But It Turns Out To Be A Fake 5G Network appeared first on ValueWalk.

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SPX captured its first upside targets yesterday, and the rally looks like it probably has farther to run, although a fourth wave pause might be appropriate here:No change to the big picture since 2016:RUT's break of the prior high is significant from a technical perspective, and adds confirmation to the bigger picture bull case:In conclusion, everything looks on track, although bear 2 isn't entirely dead yet, it does look increasingly less likely.  Trade safe.The original article, and many more, can be found at http://www.PretzelCharts.com

Read more: Pretzel Logic's Market Charts and Analysis

For years the traditional cable and broadcast industry has gone to great lengths to deny that cord cutting (getting rid of traditional cable TV) is real. First, we were told repeatedly that the phenomenon wasn't happening at all. Next, the industry acknowledged that sure -- a handful of people were ditching cable, but it didn't matter because the people doing so were losers living in their mom's basement. Then, we were told that cord cutting was real, but was only a minor phenomenon that would

Read more: Techdirt.

The first round of the French presidential election takes place this Sunday, April 23… and the future of the European Union depends on the outcome. Establishment candidate Emanuel Macron leads in the polls, but Marine Le Pen, leader of the […] The post This Event Could Lead To A Collapse Of The Euro… And Send Gold Skyrocketing appeared first on ValueWalk.

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The Trump administration is reportedly considering putting an electronic device ban on flights from the U.K. to the United States. According to The Guardian, U.S. President Donald Trump is looking to extend the electronic ban, under which any electronic device larger […] The post Trump Administration Considering Electronic Ban From UK Airports [REPORT] appeared first on ValueWalk.

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More and more investors are globalizing their bond portfolios these days—with good reason. But when it comes to reducing risk, active management is essential. The French presidential election is just one reason. Bond investors are going global today because they […] The post Do You Know Where Your Global Bond Money Goes? appeared first on ValueWalk.

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Last week, I mentioned that Masters in Business was coming to Silicon Valley. We have now confirmed the during the week of May 7th, myself and Kris Venne (our head of financial planning), will be in Palo Alto and Mountain View. In addition to recording a few MIBs with VCs & Tech folks, we will be visiting… Read More The post RWM Coming to Silicon Valley! appeared first on The Big Picture.

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The iOS jailbreak community hasn’t yet tasted great success with the iOS 10. Of course, there has been a tool like Yalu102, but it had many limitations. Chinese hacker group Team Pangu hasn’t released an iOS jailbreak since Pangu9. Now […] The post iOS 10.3.1 Jailbreak Public Release Imminent? Latest Update appeared first on ValueWalk.

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Managed Futures didn’t have the best start to 2017 it we’re specifically referencing performance, but there are glimmers of light worth mentioning from Preqin’s Q1 Hedge Fund Quarterly report. While Preqin estimates the industry was down -0.30% over the first […] The post Managed Futures Fund Launches In Q1 2017 appeared first on ValueWalk.

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Boeing and Nasdaq OMX released their latest earnings reports before opening bell this morning. Boeing posted adjusted earnings of $2.01 per share on $21 billion in revenue, while Wall Street had been looking for earnings of $1.91 per share and […] The post Boeing Co Shares Fall On Sales Miss, Nasdaq OMX Earnings Results Mixed appeared first on ValueWalk.

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If we focused on preserving old buildings instead of building new ones, could we make our economy bigger and stronger? Stephanie Meeks is the CEO of the National Trust for Historic Preservation, a non-profit that protects historical sites in the United States. In this interview with Marketplace host, Kai Ryssdal, Meeks talks about why our economy needs old buildings, what types of places we need to do a better job protecting, and how they prioritize what gets saved, and what doesn't.  Subscribe to the Corner Office podcast on iTunes.

Read more: Marketplace All Stories

Hershey and Procter & Gamble released their latest earnings reports before opening bell this morning. Hershey posted adjusted earnings of $1.31 per share on $1.88 billion in sales, compared to the analyst estimates of $1.25 per share and $1.9 billion. […] The post Hershey Co, Procter & Gamble Co Beat On Earnings, Miss On Sales appeared first on ValueWalk.

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Police must join forces across international borders to take on modern cybercriminals. wutzkohphoto/Shutterstock.com Frank J. Cilluffo, George Washington University; Alec Nadeau, George Washington University, and Rob Wainwright, University of Exeter From 2009 to 2016, a cybercrime network called Avalanche grew […] The post Police around the world learn to fight global-scale cybercrime appeared first on ValueWalk.

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Millions of people around the world have already spent a handsome amount to buy the latest Galaxy S8. Of course, the Galaxy S8 is a stunning device featuring the Infinity display. It is the best Android phone you can buy […] The post This Galaxy Note 8 Concept Will Make Galaxy S8 Buyers Jealous appeared first on ValueWalk.

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(Published originally in Spanish at Bonsai Capital blog, a new fintech start-up based in Spain aimed at facilitating investment in the best actively managed funds) These are two academic economists walking down the street, teacher and disciple. The former is […] The post From Data to Wisdom: The Path of the Most Successful Investors appeared first on ValueWalk.

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