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I made history, didnt I? Kevin McCarthy was saying Tuesday night, a few hours after he in fact did, by becoming the first speaker of the House to ever be ousted from the job. History comes at you fastand then it hurtles on. By yesterday morning, the race to replace him was fully in motion, even as the wooden Speaker of the House Kevin McCarthy sign still hung outside his old office.

Washington loves a death watch, which is what McCarthys speakership provided from its first wee hours. He always had a strong short-timer aura about him. The gavel looked like a toy hammer in McCarthys hands, the way he held it up to show all of his friends when he was elected. He essentially gave his tormentors the weapon of his own demise: the ability of a single member of his conference to execute a motion to vacate at any time. Tuesday, as it turned out, is when the hammer fell: day 269 of Kevin held hostage.

McCarthy tried to put on a brave face during Tuesdays roll call. But he mostly looked dazed as the bad votes came in, sitting cross-legged and staring at the ground through the back-and-forth of floor speeches, some in support, some in derision.

This Republican majority has exceeded all expectations, asserted Elise Stefanik of New York, cueing up an easy rejoinder from McCarthys chief scourge, Matt Gaetz of Florida: If this House of Representatives has exceeded all expectations, then we definitely need higher expectations!

Garret Graves of Louisiana hailed McCarthy as the greatest speaker in modern history, which brought an immediate hail of laughter from the minority side. Otherwise, Democrats were content to say little and follow the James Carville credo of When your opponent is drowning, throw the son of a bitch an anvil.

Mike Garcia of California urged his fellow Republicans to be the no-drama option for America, which did not seem to be going well. Andy Biggs of Arizona concluded, This body is entrenched in a suboptimal path.

Ronald Brownstein: The only sin that Republicans cant forgive

By 5 p.m., that path had led to a 216210 vote against McCarthyand the shortest tenure of a House speaker since Michael C. Kerr of Indiana died of tuberculosis, in 1876.

How should history remember McCarthys speakership? Besides briefly? McCarthy was never much of an ideological warrior, a firebrand, or a big-ideas or verdict-of-history guy. He tended to scoff at suggestions of higher powers or lofty purposes.

Insomuch as McCarthy had any animating principle at all, it was always fully consistent with the prevailing local religion: self-perpetuation. Doing whatever was necessary to hang on for another day. Making whatever alliances he needed to. Could McCarthy be transactional at times? Well, yes, and welcome to Washington.

The tricky part is, if youre constantly trying to placate an unruly coalition, its hard to know who your allies are, or when new enemies might reveal themselves. That became more apparent with every yea vote to oust McCarthyKen Buck of Colorado, Nancy Mace of South Carolina. At various points, McCarthy had considered those Republicans to be friends. And you can never have too many friends, McCarthy was always telling people. In the end, he could have used more.

Kevin is a friend, Marjorie Taylor Greene was saying outside the Capitol before Tuesdays vote. She turned out to be steadfast. Reporters surrounded Greene like she was an old sage. Matt is my friend, Greene also said, referring to Gaetz. George Santos walked by behind the MTG press scrum, and three of the Greene reporters trailed after him. Lauren Boebertwhom Greene had once called a little bitch on the House floor (not a friend!)followed Santos. Boebert wound up supporting McCarthy, sort of. No, for now, she said when her name came up in the voice vote.

From the January/February 2023 issue: Why is Marjorie Taylor Greene like this?

McCarthy always tried to convey the impression that he was having fun in his job, and was aggressively unbothered by critics who dismissed him as a lightweight backslapper, in contrast to his predecessors, Paul Ryan the policy guy and John Boehner the institutionalist. Back in April 2021, I was sitting with McCarthy, then the House minority leader, at an ice-cream parlor in his hometown of Bakersfield, California. He used to come in herea place called Dewarsfor Monday-night milkshakes after his high-school football practices. He kept saying hello to people he recognized and posing for photos with old friends who stopped by our table. At one point that night, McCarthy turned to me and indicated that being someone people wanted to meet was one of the main rewards of his job.

He was always something of a political fanboy at heart, hitting Super Bowls and Hollywood awards parties. He liked meeting celebrities. He showed me pictures on his phone of himself with Kobe Bryant, Arnold Schwarzenegger, Donald Trump. We had just eaten dinner at an Italian restaurant, Frugattis, which featured a signature dish named in his honorKevins Chicken Parmesan Pizza. (He had ordered a pasta bolognese.)

I know the day I leave this job, the day I am not the leader anymore, people are not going to laugh at my jokes, McCarthy told me then. Theyre not going to be excited to see me, and I know that. This was something to savor, for as long as it lasted. And that basically became the game: take as many pictures and gather as many keepsakes as he could to prove the trip was real.

Mark Leibovich: The most pathetic men in America

Keep dancing became a favorite McCarthy mantra during his abbreviated time with the speakers gavelas in, keep dancing out of the way of whatever existential threat to his authority came along next. McCarthy would contort himself in whatever direction was called for: promise this to get through the debt-ceiling fight, finesse that to keep the government open, zig with the zealots, zag with the moderates. Renege on deals, if need be; throw some bones; do an impeachment; order more pizza.

Tonight, I want to talk directly to the American people, McCarthy said on the morning of January 7. After being debased through 15 rounds of votes, he could finally deliver his victory speech as the newly (barely) elected speaker of the House. As a practical matter, it was after 1:15 a.m., and the American people were asleep. Everything about McCarthys big moment felt like an overgrown kid playacting. There he was with a souvenir hammer, after near-fisticuffs broke out between two of the crankier kids at the sleepover.

McCarthy would grab whatever sliver of a bully pulpit he could manage. I never thought wed get up here, he said as he began his late-night acceptance speech. Immediately, everyone wondered how long he could possibly stay. And how it would end. This seemed to include McCarthy himself. It just reminds me of what my father always told me, he said. Its not how you start. Its how you finish.

McCarthy had moved into the speakers chambers a few days earlier, before it was officially his to move into. Why wait? He took a picture with his freshly engraved nameplate on the door. He invited his lieutenants over to check out his new office. Not bad for a kid from Bakersfield! He ordered more pizza. And Five Guys. Dancing requires fuel.

Peter Wehner: Kevin McCarthy got what he deserved

But throughout his tenure, McCarthy carried himself with a kind of desperate edge, which his critics sensed and held against him. We need a speaker who will fight for something, anything, besides just staying or becoming speaker, Bob Good of Virginia said in a floor speech on Tuesday.

This was late in the afternoon, when everyone still expected McCarthy to keep fighting. His supporters viewed his defeat as temporary. Gaetz stepped out onto the Capitol steps and was quickly engulfed by a scrum of boom mics, light poles, and onrushing reporters. Back inside, McCarthy grabbed the last word on the crazy spectacle.

Judge me by my enemies, the nowformer speaker said, maybe trying to sound defiant.

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Technology

British fintech Revolut tops $1 billion in profit as revenue jumps 72%

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British fintech Revolut tops  billion in profit as revenue jumps 72%

Revolut CEO Nikolay Storonsky at the Web Summit in Lisbon, Portugal, Nov. 7, 2019.

Pedro Nunes | Reuters

LONDON — British fintech firm Revolut on Thursday announced it topped $1 billion in annual profit for the first time, a major milestone for the company as it readies the launch of its U.K. bank later this year.

Revolut, which offers a range of banking and financial services via an app, said that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year. Revenues at the company increased 72% year on year to £3.1 billion, driven by growth across different revenue streams.

Revolut’s wealth unit — which includes its stock-trading business — saw outsized growth, with revenue surging 298% to £506 million, while subscriptions turnover jumped 74% to £423 million.

Revolut also saw significant growth in its loan book, which grew 86% to £979 million. Coupled with a jump in customer deposits, this contributed to a 58% increase in interest income, which totaled £790 million.

UK bank rollout

Revolut’s financial milestone arrives at a critical time for the almost decade-old-firm. The digital banking unicorn has been preparing a transition to becoming a fully operational bank in the U.K. after securing a banking license last summer.

It was granted a banking license with restrictions in July 2024 from the U.K.’s Prudential Regulation Authority, bringing an end to a lengthy application process that began back in 2021.

The restricted license means that Revolut is now in the “mobilization” stage, where it is focusing on building out its banking operations and infrastructure in the run-up to a full launch. The period typically lasts about 12 months.

Revolut is still awaiting approval from regulators to transfer all 11 million of its U.K. users to a new banking entity this summer. Once fully up and running, the firm will be able to begin offering loans, overdrafts and mortgages, opening up the path to new income streams.

‘Customers trust banks’

Victor Stinga, Revolut’s chief financial officer, told CNBC on Thursday that the company’s aim is to formally launch its U.K. bank later this year.

“As you can imagine, at this scale, it’s a thorough process, and we just pay a lot of attention to it,” Stinga said. “We work very closely on a close contact with the PRA [Prudential Regulation Authority] and the FCA [Financial Conduct Authority] on it. We feel like we’re making great progress on it.”

Stinga said that a big advantage of becoming a bank in the U.K. is ability to start accepting deposits protected by government guarantees. Licensed banks are covered by the Financial Services Compensation Scheme, which means their customers can claim up to £85,000 if a lender goes out of business.

“Customers trust banks, so it means customers on this transition will use Revolut as a primary bank account,” Stinga said.

Lending is arguably “the biggest roadmap item that this unlocks,” Revolut’s CFO said, adding that the firm is looking at launching credit cards and personal loans, similar to the products it already offers in the European Union under a separate EU banking license.

Francesca Carlesi, Revolut’s U.K. boss, previously told the Wall Street Journal that Revolut views its journey to becoming a U.K. bank as a crucial step in its global expansion and eventual IPO. “My main strategic focus is making Revolut the primary bank for everybody in the U.K.,” she told the WSJ.

It has a steep hill to climb — rivals Monzo and Starling have had a lengthy head start on Revolut. Monzo obtained its full banking license in 2017, while Starling was granted its own permit in 2016.

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Entertainment

The Magic Circle’s first female member fooled them into believing she was a man – how did she do it?

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The Magic Circle's first female member fooled them into believing she was a man - how did she do it?

How did one woman fool the most famous magic society on the planet?

Back in 1991, Sophie Lloyd pulled off the ultimate illusion, tricking the Magic Circle into thinking she was a man.

But over 30 years after being unceremoniously kicked out, the Circle has tracked down the former actress to apologise and reinstate her membership.

She told Sky News how returning feels like the society has “made good on something that was wrong”.

Sophie Lloyd, who tricked the Magic Circle into believing she was a man
Image:
Sophie Lloyd, who tricked the Magic Circle into believing she was a man

How did she infiltrate that exclusive group that nowadays counts the likes of David Copperfield and Dynamo as members?

In March of that year, she took her entry exam posing as a teenage boy, creating an alter-ego called Raymond Lloyd.

“I’d played a boy before,” she explained, but “it took months of preparation” to secretly infiltrate the Circle’s ranks half a year before it would officially vote to let women in.

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“Really, going back 30 years, men’s clubs were like, you know, just something you accepted.”

The men-only rule had been in place since the Circle was formed in 1905. The thinking behind it being that women just couldn’t keep secrets.

Aware of the frustration of female magicians at the time, Lloyd felt she was up for the challenge of proving women could be as good at magic as the men.

The idea was, in fact, born out of a double act, thought up by a successful magician called Jenny Winstanley who’d wanted to join herself but wasn’t allowed.

She recognised the hoax would probably only work with a much younger woman posing as a teenage boy, and met Lloyd through an acting class.

Sophie Lloyd as teenage magician Raymond Lloyd. Pic: Sophie Lloyd
Image:
Sophie Lloyd as teenage magician Raymond Lloyd. Pic: Sophie Lloyd

Lloyd said: “We had to have a wig made… the main thing was my face, I had plumpers made on a brace to bring his jawline down.”

To hide her feminine hands, she did the magic in gloves, which she says “was so hard to do, especially sleight of hand.”

The biggest test came when she was invited for a drink with her examiner, where she had to fake having laryngitis.

“After the exam, which was 20 minutes, he invited Jenny and I – she played my manager – and I sat there for one hour and three quarters and had to say ‘sorry, I’ve got a bad voice’.”

Raymond Lloyd passed the test, and his membership certificate was sent through to Sophie.

Then, in October of the same year, when whispers started circulating that the society was going to open its membership to both sexes, she and Jenny decided to reveal all. It didn’t go down well.

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Harvey Weinstein retrial begins in New York

Rather than praise her performance, members were incandescent about the deception and, somewhat ironically, Raymond Lloyd was kicked out just before women members were let in.

Lloyd said: “We got a letter… Jenny was hurt… she was snubbed by people she actually knew, that was hurtful. However, things have really changed now…”

Three decades later the Magic Circle put out a nationwide appeal stating they wanted to apologise and Lloyd was recently tracked down in Spain.

While Jenny Winstanley died 20 years ago in a car crash, as well as Sophie receiving her certificate on Thursday, her mentor’s contribution to magic is being recognised at the special show that’s being held in both their honour at the Magic Circle.

Lloyd says: “Jenny was a wonderful, passionate person. She would have loved to be here. It’s for her really.”

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Sports

Avs welcome back captain Landeskog after 3 years

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Avs welcome back captain Landeskog after 3 years

DENVER — Colorado Avalanche captain Gabriel Landeskog took the ice in his first NHL game in nearly three years Wednesday night against the Dallas Stars.

It marked his first NHL appearance since June 26, 2022, when he and the Avalanche beat Tampa Bay to win the Stanley Cup. He had been sidelined because of a chronically injured right knee.

The Avalanche posted a video of Landeskog driving to Ball Arena, which he concluded, “Hey Avs Faithful, it’s Gabe here, just wanted to shoot you guys a quick message — thank you guys for all the support over the last few years and I’ll see you tonight.”

It’s his first game with the Avalanche in 1,032 days. He becomes the fifth player in NHL history — among those with a minimum of 700 games played — to return to his team after 1,000 or more days without a contest, according to NHL Stats. The last one to do so was longtime Avalanche forward and Hall of Famer Peter Forsberg.

“I feel surprisingly calm and in control right now. I know the butterflies and the nerves will come, I’m sure,” he said during a pregame interview. “I found myself thinking about this moment a lot over the last three years. And now that it’s here, it’s the reverse — I’m thinking a lot about the hard work that’s gone into it, some of the ups, a lot of the downs, sacrifices and support I’ve had along the way.

“Thankful for everybody and all their support, but now it’s go time so I’m excited to get out there.”

The first-round series with Dallas is tied at 1-1.

Landeskog’s presence on the ice provided a big boost not only for his teammates but also for the capacity crowd. His No. 92 sweater is a frequent sight around the arena.

The crowd chanted “Landy, Landy” as he led the Avalanche on the ice for pregame warmups. The chants continued during player introductions. Later, a video chronicling Landeskog’s three-year journey back was shown on the arena scoreboard.

“Everyone is rooting for him. It’s a great comeback story,” Avs coach Jared Bednar said after morning skate. “I trust in Gabe’s preparation, and what I’m seeing with my own eyes that he’s getting close and ready to play. I think he feels really good about where he’s at.

“Adding him back into our locker room, he’s almost an extension of the coaching staff, but he’s still one of the guys and the guy that everyone looks up to. You can’t get enough of that this time of the year.”

Landeskog’s injury dates to the 2020 “bubble” season when he was accidentally sliced above the knee by the skate of teammate Cale Makar in a playoff game against Dallas. Landeskog eventually underwent a cartilage transplant procedure on May 10, 2023, and has been on long-term injured reserve.

He was activated Monday before Game 2 in Dallas and skated in pregame warmups but didn’t play.

Stars forward Matt Duchene was teammates with Landeskog and they remain good friends.

“We’ve been rooting for him to come back,” said Duchene, who was the No. 3 pick by Colorado in 2009. “Obviously, it makes our job harder having a guy like that out there, but on the friends side, the human side and the fellow athlete side, I think everyone’s happy to see the progress he’s made. … I’m just really happy that he’s gotten to this point.”

It doesn’t mean the Stars will take it easy on Landeskog.

“It’s remarkable he’s coming back, if he’s coming back, as a friend,” said longtime teammate Mikko Rantanen, a 2015 first-round pick by Colorado before being traded in January to Carolina and on to Dallas in March. “As an opponent, obviously, no mercy.”

The 32-year-old Landeskog recently went through a two-game conditioning stint with the American Hockey League’s Colorado Eagles. He practiced with the Avalanche leading up to their playoff opener.

The Associated Press contributed to this report.

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