Monday, July 08, 2019 View this email in your browser
 

Sound bites: Kawhi Leonard is going to the L.A. Clippers • the U.S. won the Women’s World Cup • the man who accused Kevin Spacey of groping him dropped his charges • Deutsche Bank is eliminating 18,000 jobs.
 

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#THANKYOUKAWHI

The #KawhiWatch is over. On Saturday, fans woke up to the news that Toronto Raptors star player Kawhi Leonard is heading to the L.A. Clippers. After a week of blockbuster free agency announcements, Leonard (the last big name available) sparked appeals from musicians, a helicopter chase, and rumours that he was either staying in Toronto or going to the L.A. Clippers or Lakers. His reported deal is worth $142-million over four years + the surprise addition of Paul George.
 
Who’s he?
One of the best in the league and 6x NBA All-Star. Leonard apparently said he’d only go to the Clippers if they were able to get George. The Clippers traded a record number of draft picks and two players to acquire George from the Oklahoma City Thunder. The big story: the NBA has long been dominated by one or two super teams (see: Golden State Warriors) and Leonard had a chance to join one of those teams in the L.A. Lakers (with LeBron James and Anthony Davis). But his decision to build with the Clippers, and the division of power led by this year’s free agency, has suddenly created a balanced NBA, giving fans a lot more to cheer about.
 
What’s happening with the Raptors.
In the midst of the Leonard news, Raptors Danny Green announced that he’s heading to the L.A. Lakers. While some fans wondered about the Raptors next steps, most shared words of thanks and sadness over losing both players. Leonard, who was born in L.A., was able to give Canada its first NBA Championship. He’s heading home to L.A. where he’ll try to do it all over again in his home town. No one can be mad at that.


WORLD CHAMPIONS AGAIN

The U.S. Women’s soccer team beat the Netherlands yesterday to win the Women’s World Cup. Yesterday’s match started off with a scoreless half, but a penalty kick and a Rose Lavelle goal put the U.S. up 2-0. This is the team’s fourth world cup win and second in a row. But that’s not even the big story. The women’s team will receive $30-million in prize money for the win. That seems like a lot, but the prize money for last year’s Men’s World Cup was $400-million. Despite being more successful (the women have won four times) and attracting higher TV ratings (the World Cup title game in 2015 between the U.S. and Japan was the most watched soccer game in U.S. TV history), male players get paid significantly more. In March, the U.S. women’s soccer team said enough is enough and dropped a lawsuit on the U.S. Soccer Federation. In addition to more pay, the women want better travel accommodations and reimbursement for past per diems.


SPACED OUT

The man who accused actor Kevin Spacey of groping him in a bar in 2016 has dropped his charges. Reminder: Spacey was accused of getting the man drunk and sexually assaulting him at the restaurant where he worked as a busboy. He was 18 at the time. There was no explanation as to why he suddenly dropped the charges and Spacey still faces one criminal charge of indecent assault related to the incident. In total, Spacey faces accusations from 30 men, the first of which came from actor Anthony Rapp in 2017. Rapp claims that Spacey was sexually “indecent” with him in 1986 when he was just 14-years-old. Spacey claims to have no memory of the encounter but apologized to Rapp. The consequences for Spacey were swift. He was fired from his Netflix show House of Cards and all subsequent films he was making.


DEUTSCHE SAY I DIDN'T WARN YA

Deutsche Bank, one of Europe’s central investment banks, is eliminating 18,000 jobs by 2022. The changes will impact offices in London, New York, and Germany. The 149-year-old German bank has been in decline for several years and is struggling to remain relevant against competitors like JPMorgan Chase and Goldman Sachs. The 2008 financial crisis only made things worse by bringing to light money laundering scandals and deals with Donald Trump’s organization. The scandals led to billions of dollars in fines. To shift gears, the bank plans to downsize its investment banks and put parts of the company up for sale. It will also create a separate bank for corporate and commercial clients. But these efforts may not be enough. Severance packages alone will cost about $8.3-billion.



GOOD NEWS

The co-founder of Home Depot is pledging more than half his fortune to charity. Bernie Marcus, whose net worth is $4.5-billion, plans to donate at least 80% of his wealth to his foundation, the Marcus Foundation when he dies. At 90-years-old, Marcus says he hopes to give away most of his money while he’s still alive. His foundation will use his funds to support “medical discoveries and treatment for kids with autism” and “help veterans suffering from brain injuries and post-traumatic stress.”


WATCH LISTEN READ

• Canadian tennis star Milos Raonic has advanced to the round of 16 at Wimbledon. He’ll take on Guido Pella today at 9:15 am ET.

Here’s your first look at live action Mulan.

• Disney Channel star Cameron Boyce passed away over the weekend from an “ongoing medical condition.” The 20-year-old was known for his role in Descendants and Jessie.

• Miss your high school cassette mixtapes? Here’s a new product that will let you listen to your old cassettes via Bluetooth.

• After the release of his new song Panini, Lil Nas X learned how to make an actual panini from chef Gordon Ramsay.

• ICYMI, Pressed is having its first live event in Toronto next week. Tickets for our Women in Media night are 80% sold out! So, if you were on the fence or waiting for a friend, today’s the day to get your tickets!


Share Pressed with a friend who’d love to attend our Women in Media event.



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