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Pence drops from Fox News Sean Hannity lineup after breaking news of Trump"s indictment overtakes the airwaves
Pence tweeted about the interview with Sean Hannity earlier in the day, but deleted the tweet after Trump's indictment and didn't appear on the program. Former Vice President Mike Pence, right, speaks as former President Donald Trump looks on.Alex Brandon, File/AP Photo Pence tweeted on Thursday evening that he would be appearing on Sean Hannity's program. Then news of Trump's indictment hit, and Pence didn't appear on the program. The decision was mutual, a campaign spokesman told Insider. Former Vice President Mike Pence didn't make a scheduled appearance with Fox News Channel's Sean Hannity on Thursday, shortly after the US Department of Justice indicted former President Donald Trump. As of Thursday evening, Pence had not yet released a statement about the indictment, which centers on classified documents Trump held at his Mar-a-Lago estate in Palm Beach, Florida, from his time as president. Pence almost certainly would've been asked about the charges in the Hannity interview, which the producers ended up devoting the entirety of to interviewing conservative legal experts and political observers about the indictment. Devin O'Malley, spokesman for the campaign, told Insider that the original purpose of the interview had been to discuss Pence's 2024 campaign announcement for president, but then the show's organizers wanted to focus on the breaking news about the indictment. "We mutually decided to find another time to get the two together," he said. The indictment news broke 1.5 hours before Hannity's program began. Pence had previewed the Fox News appearance in the afternoon through a post on Twitter, which was later deleted. —Tom LoBianco (@tomlobianco) June 9, 2023Pence entered the 2024 presidential nomination for a long-shot bid on Wednesday, when he sharply rebuked his former boss for pressuring him to try to overturn the 2020 election results after Biden won the presidency. Trump, he said, "should never be president of the United States again."It's not clear what stance Pence will take on the documents case. Pence, too, had classified documents at his home in Carmel, Indiana, but turned them over to federal authorities. He searched his home after it was discovered that President Joe Biden also had classified documents in his garage in Wilmington, Delaware, and in a Washington, DC, office, from his time as vice president. Federal prosecutors are charging Trump with seven criminal counts, according to numerous reports. Among them are obstruction of justice and false statements. Such charges could carry decades of prison time. The public first became aware of the documents investigation in August 2022, when the FBI executed a search warrant at Mar-a-Lago. They seized several boxes of documents Trump took from the White House, some of which were marked "top secret." Trump will be reporting to a federal court in Miami on Tuesday afternoon, he said on Truth Social, his social media platform. At that time he or his lawyers are expected to enter a plea of "not guilty."Read the original article on Business Insider.....»»
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Germany and Ireland Officially Tip Eurozone Economy Into Recession
While the eurozone was tipped into recession primarily due to elevated energy and food costs triggered by Russia’s invasion of Ukraine, negative economic data stemming from Germany and Ireland also played a major role. According to Eurostat’s revised economic data released on June 8, the eurozone’s gross domestic product (GDP) shrank by 0.1% month-over-month in each of the first three months of 2023. Having already declined in the last quarter of 2022, the eurozone’s economy officially slipped into recession, as this results in a Q1 GDP drop of 0.4%. Eurozone GDP Contracted By 0.4% in Q1 2023 Year-on-Year The eurozone fell into a mild recession after the latest data by Eurostat published on Thursday showed how GDP fell by 0.1% quarter-over-quarter in the first three months of 2023, after already dropping by the same margin in the prior three-month period. On an annual basis, the GDP of countries that use the euro as their official currency slipped by 0.4%, after previously declining in the final quarter of 2022. While the eurozone was tipped into recession primarily due to elevated energy and food costs triggered by Russia’s invasion of Ukraine, negative economic data stemming from Germany and Ireland also played a major role. Specifically, in its initial GDP report, Eurostat estimated that the eurozone’s economy saw slight growth in Q1, however, a recession in Germany and a steep drop in Ireland’s factory output neutralized that expansion in other economies in the area. As a result, Eurostat’s revised figures showed that the eurozone’s economy shrank for two consecutive quarters, which is in line with the formal definition of an economic recession. Meanwhile, economists believe the economy will witness growth in the quarter through June as declining energy costs relieve the pressure on local households. Still, experts expect the eurozone economy to grow just 0.9% in 2023. US and Eurozone Inflation Still Far From Desired Targets Even though energy expenses have declined considerably from their 2022 highs, inflation in the euro area is easing at a slow pace due to resilient food prices, limiting local consumers’ spending power. Since peaking at 10.6% in 2022, eurozone inflation fell to 6.1% in May 2023, though it still remains significantly higher than the European Central Bank’s (ECB) target of 3.2%, despite a series of interest rate hikes, which began in July last year. “A peak in underlying inflation wouldn’t be sufficient to declare victory: we need to see convincing evidence that inflation returns to our 2% target in a sustained and timely manner. We aren’t at that point yet.” – ECB policymaker Isabel Schnabel Elsewhere, inflation in the US fell to 4.9% in May, after reaching a 4-decade high of 9.1% last year. The report marked the 10th consecutive month the annual inflation rate in the US has declined, but prices are still advancing at a rate that is substantially higher than the Federal Reserve’s target rate of 2% a year. This article originally appeared on The Tokenist Sponsored: Tips for Investing A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit......»»
Rickards: The Coming Shock To The Global Monetary System
Rickards: The Coming Shock To The Global Monetary System Authored by James Rickards via DailyReckoning.com, On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled. It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency. It could happen in just a few years. The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave. This monetary shock will be delivered by a group called the BRICS. The acronym BRICS stands for Brazil, Russia, India, China and South Africa. This play for global reserve currency status by the BRICS will affect world trade, direct foreign investment and investor portfolios in dramatic and unforeseen ways. The most important development in the BRICS system concerns the expansion of BRICS membership. This has led to the informal adoption of the name BRICS+ for the expanded organization. There are currently eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are: Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia and the United Arab Emirates. The 17 countries that have expressed interest are: Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe. There’s more to this list than just increasing the headcount at future BRICS meetings. If Saudi Arabia and Russia are both members, you have two of the three largest energy producers in the world under one tent (the U.S. is the other member of the energy Big Three). If Russia, China, Brazil and India are all members, you have four of the seven largest countries in the world measured by landmass possessing 30% of the Earth’s dry surface and related natural resources. Almost 50% of the world’s wheat and rice production as well as 15% of the world’s gold reserves are in the BRICS. Meanwhile, China, India, Brazil and Russia are four of the nine highest-population countries on the planet with a combined population of 3.2 billion people or 40% of the Earth’s population. China, India, Brazil, Russia and Saudi Arabia have a combined GDP of $29 trillion or 28% of nominal global GDP. If one uses purchasing power parity to measure GDP, then the BRICS share is over 54%. Russia and China have two of the three largest nuclear arsenals in the world (the other leader is the United States). By every measure — population, landmass, energy output, GDP, food output and nuclear weapons — BRICS is not just another multilateral debating society. They are a substantial and credible alternative to Western hegemony. BRICS acting together is one pole of a new multipolar or even bipolar world. When the new currency launch is announced in August, the currency will not fall on an empty field. It will fall into a sophisticated network of capital and communications. This network will greatly enhance its chances of success. The BRICS are also developing an optical fiber submarine telecommunications system that would connect its members. It is being developed under the name BRICS Cable. Part of the motivation for BRICS Cable is to foil spying by the U.S. National Security Agency on message traffic carried through existing cable networks. What’s behind this quest to ditch the dollar? In no small part the answer is U.S. weaponization of the dollar through the use of sanctions. On numerous occasions from 2007–2014, I warned U.S. officials from the Treasury, Pentagon and intelligence community that overuse or abuse of dollar sanctions would lead adversaries to abandon the dollar to avoid the impact of sanctions. Such abandonment would lead to the diluted potency of sanctions, unforeseen costs imposed on the U.S. and eventually to the collapse of confidence in the dollar itself. These warnings were mostly ignored. We have now reached the first and second stages of this forecast and are dangerously close to the third. For years, the U.S. has used sanctions to punish nations like Iran. But the sanctions the U.S. and its allies imposed on Russia after it invaded Ukraine last year went far beyond previous sanctions regimes. They were unprecedented. Many other nations began to conclude that they could be next if they run afoul of the U.S. on certain issues. And that fear has greatly accelerated the push to opt out of the dollar system entirely. This desire is not limited to current targets such as Russia but is shared by potential targets including China, Iran, Turkey, Saudi Arabia, Argentina and many others. The BRICS+ present a realistic effort to de-dollarize global payments and eventually global reserves. For years, I’ve argued that the dollar would remain the world’s leading reserve currency for longer than most people think. But below, I show you why a new BRICS+ currency could greatly accelerate the demise of the dollar as the world’s leading reserve currency. How could it happen so much faster than I previously thought? Read on. The Coming Shock to the Global Monetary System The global desire to move away from the dollar as a medium of exchange for international trade in goods and services is hardly new. The difference today is that it’s gone from a discussion point to a novelty to a looming reality in a remarkably short period of time. Dubai and China have recently concluded an arrangement whereby Dubai will accept Chinese yuan in payment for oil exports from Dubai. In turn, Dubai can use the yuan to buy semiconductors or manufactured goods from China. Saudi Arabia and China have been discussing similar oil-for-yuan arrangements but nothing definitive has yet been put in place. These discussions are made complicated by Saudi Arabia’s long-standing petrodollar deal with the U.S. Still, some progress along these lines is widely expected. China and Brazil have recently reached a broad-based bilateral currency deal where each country accepts the currency of the other in trade. Meanwhile, there’s a growing strategic relationship between China and Russia as the two superpowers jointly confront the United States. In the trading relationship between the two nations, Russia can pay in rubles for Chinese manufactured goods and other exports while China pays in yuan for Russian energy, strategic metals and weapons systems. Yet all these arrangements may soon be superseded by a new BRICS+ currency, which will be announced in Durban, South Africa, at the annual BRICS Leaders’ Summit Conference on Aug. 22–24. The currency will be pegged to a basket of commodities for use in trade among members. Initially, the BRICS+ commodity basket would include oil, wheat, copper and other essential goods traded globally in specified quantities. In all likelihood, the new BRICS+ currency would not be available in the form of paper notes for use in everyday transactions. It would be a digital currency on a permissioned ledger maintained by a new BRICS+ financial institution with encrypted message traffic to record payments due or owing by participating parties. (This is not a cryptocurrency because it is not decentralized, not maintained on a blockchain and not open to all parties without approval.) The latest information from the BRICS working groups is that this basket valuation methodology is encountering the same problems that John Maynard Keynes encountered at the Bretton Woods meetings in 1944. Keynes initially suggested a basket of commodities approach for a world currency he called the bancor. The difficulty is that global commodities included in any basket are not entirely fungible (there are over 70 grades of crude oil distinguished by viscosity and sulfur content among other attributes). In the end, Keynes saw that a basket of commodities is not necessary and that a single commodity — gold — would better serve the purpose of anchoring a currency for reasons of convenience and uniformity. Based on the impracticality of commodity baskets as uniform stores of value, it appears likely that the new BRICS+ currency will be linked to a weight of gold. This plays to the strengths of BRICS members Russia and China, who are the two largest gold producers in the world and are ranked sixth and seventh respectively among the 100 nations with gold reserves. These and related developments are frequently touted as the “end of the dollar as a reserve currency.” Such comments reveal a lack of understanding as to how the international monetary and currency systems actually work. The key mistake in almost all such analyses is a failure to distinguish between the respective roles of a payment currency and a reserve currency. Payment currencies are used in trade for goods and services. Nations can trade in whatever payment currency they want — it doesn’t have to be dollars. Reserve currencies (so-called) are different. They’re essentially the savings accounts of sovereign nations that have earned them through trade surpluses. These balances are not held in currency form but in the form of securities. When analysts say the dollar is the leading reserve currency, what they actually mean is that countries hold their reserves in securities denominated in a specific currency. For 60% of global reserves, those holdings are U.S. Treasury securities denominated in dollars. The reserves are not actually in dollars; they’re in securities. As a result, you cannot be a reserve currency without a large, well-developed sovereign bond market. No country in the world comes close to the U.S. Treasury market in terms of size, variety of maturities, liquidity, settlement, derivatives and other necessary features. So the real impediment to another currency as a reserve currency is the absence of a bond market where reserves are actually invested. That’s why it’s so difficult to displace Treasuries as reserve assets even if you wanted. Again, no country in the world can come close to the U.S. in that regard. But here’s where it gets interesting, and why the dollar could lose its leading reserve status much faster than previously thought. That’s because the BRICS+ currency offers the opportunity to leapfrog the Treasury market and create a deep, liquid bond market that could challenge Treasuries on the world stage almost from thin air. The key is to create a BRICS+ currency bond market in 20 or more countries at once, relying on retail investors in each country to buy the bonds. The BRICS+ bonds would be offered through banks and postal offices and other retail outlets. They would be denominated in BRICS+ currency but investors could purchase them in local currency at market-based exchange rates. Since the currency is gold backed it would offer an attractive store of value compared with inflation- or default-prone local instruments in countries like Brazil or Argentina. The Chinese in particular would find such investments attractive since they are largely banned from foreign markets and are overinvested in real estate and domestic stocks. It will take time for such a market to appeal to institutional investors, but the sheer volume of retail investing in BRICS+-denominated instruments in India, China, Brazil and Russia and other countries at the same time could absorb surpluses generated through world trade in the BRICS+ currency. In short, the way to create an instant reserve currency is to create an instant bond market using your own citizens as willing buyers. The U.S. did something similar in 1917. From 1790–1917, the U.S. bond market was for professionals only. There was no retail market. That changed during World War I when Woodrow Wilson authorized Liberty Bonds to help finance the war. There were bond rallies and Liberty Bond parades in every major city. It became a patriotic duty to buy Liberty Bonds. The effort worked, and it also transformed finance. It was the beginning of a world where everyday Americans began to buy stocks, bonds and securities as retail investors. If the BRICS+ use a kind of Liberty Bond patriotic model, they may well be able to create international reserve assets denominated in the BRICS+ currency even in the absence of developed market support. This entire turn of events — introduction of a new gold-backed currency, rapid adoption as a payment currency and gradual use as a reserve asset currency — will begin on Aug. 22, 2023, after years of development. Except for direct participants, the world has mostly ignored this prospect. The result will be an upheaval of the international monetary system coming in a matter of weeks. Tyler Durden Thu, 06/08/2023 - 19:45.....»»
Revealed: Bombshell FBI Document Alleges $5 Million Bribe Paid To Joe Biden By Burisma Exec
Revealed: Bombshell FBI Document Alleges $5 Million Bribe Paid To Joe Biden By Burisma Exec Someone has leaked the contents of the stonewalled FBI document, form FD-1023, which alleges that President Joe Biden was paid $5 million by an executive of Ukrainian natural gas firm Burisma Holdings, where his son Hunter sat on the board. This, according to a confidential human source, who told this to the FBI during a June 2020 interview, according to Fox News. The form, dated June 30, 2020, is from a "highly credible" confidential human source who had detailed multiple meetings and conversations they had with a top Burisma executive over the course of several years, beginning in 2015. The CHS had been working with the FBI as a regular, reliable source of information since 2010, and has been paid approximately $200,000 by the bureau. The Burisma executive sought the advice of the confidential source, a business professional, on gaining U.S. oil rights and getting involved with a U.S. oil company, the sources familiar with the documdnt said. The Burisma executive was speaking with the confidential source to "get advice on the best way to go forward" in 2015 and 2016. According to the FD-1023 form, the confidential human source said the Burisma executive discussed Hunter’s role on the board. The confidential human source questioned why the Burisma executive needed his or her advice in acquiring access to U.S. oil if he had Hunter Biden on the board. The Burisma executive answered by referring to Hunter Biden as "dumb." -Fox News According to the Burisma executive, the company had to "pay the Bidens" because Ukraine's lead prosecutor, Victor Shokin, was investigating Burisma. According to the CHS, he suggested that the Burisma executive "pay the Bidens $50,000 each," to which the Burisma executive replied "not $50,000," it is "$5 million." "$5 million for one Biden, $5 million for the other Biden," the executive reportedly said. The $5 million payments appeared to reference some sort of "retainer" Burisma intended to pay the Bidens in order to 'clean up' several issues - including the investigation led by Shokin. Another source told Fox it was a "pay-to-play" scheme. The CHS believes that the $5 million payment to Joe Biden and $5 million to Hunter happened, as the Burisma executive said he "paid" the Bidens is a way "through so many different bank accounts" that investigators would not be able to "unravel this for at least 10 years." The document also makes reference to 'the Big Guy,' thought (and as seen on Hunter's laptop) to be a reference to Joe Biden. According to the Burisma executive, they "didn't pay the Big Guy directly." Meanwhile, sources tell Fox that the Burisma executive appears to be at a "very, very high level" of the company, with one source suggesting it could be the president, Mykola Zlochevsky - though the executive's name is redacted in the document. Biden notably bragged on camera about a quid-pro-quo arrangement to have Shokin fired. "I said, ‘You’re not getting the billion. I’m going to be leaving here in,' I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money," Biden said in 2018 at a Council for Foreign Relations event, recalling a conversation with former Ukrainian President Petro Poroshenko. "Well, son of a bitch, he got fired," he continued. "And they put in place someone who was solid at the time." Of course we would be remiss if we didn't note that this is exactly what Trump was impeached for asking about, after a 2019 phone call with Ukrainian President Volodomyr Zelenskyy - who Trump asked to launch investigations into the Biden family, particularly Hunter's dealings with Burisma, and Joe Biden's involvement in Shokin's ouster. The confidential source, according to the sources familiar with the FD-1023 form, told the Burisma executive he should "get away" from the Bidens and said the executive should "not want to be involved" with them. A source familiar with the document told Fox News Digital that the confidential human source goes on to detail a later conversation with the Burisma executive following the 2016 presidential election. The confidential source asked the Burisma executive if he was "upset" that Donald Trump won. The source said the Burisma executive told the confidential source that he was "an oracle," referring to his or her advice to "get away" from the Bidens due to fears of potential investigations into their dealings. -Fox News The revelations came to pass after a whistleblower approached GOP Sen. Chuck Grassley (R-IA) and House Oversight Committee Chairman James Comer (R-KY) to let them know that the FBI was in possession of the FD-1023. Tyler Durden Thu, 06/08/2023 - 20:05.....»»
Jaw Dropping Stats - Reports Of Bud Light Memorial Day Sales Dropping -60% As Brand Boycott Continues
Jaw Dropping Stats - Reports Of Bud Light Memorial Day Sales Dropping -60% As Brand Boycott Continues Authored by Sundance via The Last Refuge, Memorial Day customarily kicks off summer and the beer beverage industry generally looks forward to the enhanced sales that come from summer. However, if the recently published reports of Anheuser-Busch sales are accurate, which includes a stunning 60% sales drop during the holiday, the brand position of Bud Light is in freefall. While the impacts do have a regional trend based on consumer boycotts and patterns, when the Daily Mail reports, “numbers are suffering primarily due to a decline in Bud Light sales that reached as high as a 60 percent drop off over the week that ended on Memorial Day,” we can be certain the executive offices of A/B are watching closely. The feedback from wholesalers and distributors to the parent company must be something beyond alarm. Worse still, the forward-looking data trend doesn’t offer any hope. Things are getting worse for the parent company. (Daily Mail) – […] For the week ending May 20, Bud Light sales across the US fell nearly 26 percent compared to the same period last year. For the week ending May 6, in-store sales plummeted 23.6 percent. And the week before that, ending April 29, sales dropped by 23.3 percent. This follows declines in sales for the week ending April 22, which saw a 21.4 percent decline. Seven days earlier, the dip has been 17 percent, according to NielsenIQ data provided to Dailymail.com by Bump Williams Consultancy. The data – showing that US sales of Bud Light are dropping by as much as 20 percent each week – is being uniformly viewed by industry experts as a negative trend that may not reverse itself anytime soon. Beer Business Daily editor Harry Schuhmacher told Fox News Digital that the ‘whole industry is in shock’. (read more) It is safe to say the Bud Light brand is now firmly connected to the image of transgender ideology. As a result, it would appear that anyone who holds a Bud Light beverage is essentially identifying themselves as a transvestite pickle-puffer, and that could potentially draw considerable side-eyes from anyone in a public place outside the region of San Francisco, California. As further noted by the New York Post, “Demand for Bud Light over the crucial Memorial Day weekend — the official kickoff of the summer beer buying season — was lukewarm with many store shelves still holding cases of the once mighty beer, Williams said after a spot check of local stores. At least one store was trying to unload a 24-pack of Bud Light for just $3.49, according to Beer Business Daily.” Anheuser-Busch InBev CEO Michel Doukeris reportedly addressed the ongoing boycott’s impact on delivery drivers, salespeople, and wholesalers on a recent earnings call. It is a little bit odd to see A/B positioning themselves as victims of their customers. “This situation has impacted our people and especially our frontline workers: The delivery drivers, sales representatives, our wholesalers, Bud owners and servers,” Doukeris said, according to ABC News. “These people are the fabric of our business. They are our neighbors, family members, and friends. They are in every community in America. We’ve been doing everything we can to support our teams.” It would appear that Anheuser-Busch the corporation, are refusing to accept or acknowledge their responsibility in creating this crisis for their brand. The brand image issue was not forced upon them. These were decisions made by the marketing division of the company, and now they place blame for the consequences on their customers. Every time, in every story, in every print and broadcast update, as the ongoing events are told or written – every visual aide that accompanies the news includes that weird guy with the Bud Light beer in his hand. This is now a bizarre marketing self-fulfilling prophecy. The articles and news telling updates to the story are now optically affirming the Bud Light brand as a beverage exclusively for transgenders. This level of ongoing public relations failure is something for the record books. I wonder if Target Inc is paying attention. Tyler Durden Thu, 06/08/2023 - 20:25.....»»
Man Convicted Of Nonviolent Crime Cannot Be Stripped Of Gun Rights: Appeals Court
Man Convicted Of Nonviolent Crime Cannot Be Stripped Of Gun Rights: Appeals Court A Philadelphia federal appeals court has ruled that a Pennsylvania man convicted of a nonviolent crime cannot be stripped of his 2nd Amendment right to bear arms. A rifle at a gun shop in Richmond, Va., on Jan. 13, 2020. (Samira Bouaou/The Epoch Times) Bryan Range was convicted in 1995 of one count of making a false statement to obtain food stamps amid a dire financial situation. He completed a three-year probation, made $2,500 in restitution, and has committed no crimes aside from minor traffic offenses and fishing without a license since then. After he pleaded guilty in 1995, it was classified as a misdemeanor punishable by up to five years in jail - a conviction which technically made him ineligible to possess a firearm under federal law, which states that it is "unlawful for any person … who has been convicted in any court, of a crime punishable by imprisonment for a term exceeding one year" to own guns or ammunition. In 2021, a federal judge ruled against Range's challenge. While his case was pending appeal, the US Supreme Court decided a landmark Second Amendment case which settled on a two-step test for the constitutionality of restrictions on firearms. The two-step process, set forth by Supreme Court Justice Thomas Clarence, first requires the court to determine whether the Second Amendment’s “plain text” covers an individual’s conduct. If so, then that conduct is presumptively protected, and the government must prove that its law is “consistent with this Nation’s historical tradition of firearm regulation.” -Epoch Times In applying the test to Range's case, a majority of the judges agreed in an 11-4 ruling (pdf) delivered on June 6th that despite his criminal record, he remains one of "the people" protected by the 2nd Amendment, and therefore the burden fell on the US government to prove that disarming Range would conform to "historical tradition" dating to the nation's founding. "Yet the Government’s attempts to analogize those early laws to Range’s situation fall short," wrote Circuit Judge Thomas Hardiman in the majority opinion. The fact that people during the Early Republic era sometimes got executed for committing nonviolent crimes, according to Hardiman, doesn’t mean that the state, then or now, could constitutionally strip a felon of his Second Amendment rights if he was not executed, because “the greater does not necessarily include the lesser.” “Because the Government has not shown that our Republic has a longstanding history and tradition of depriving people like Range of their firearms, [the federal law] cannot constitutionally strip him of his Second Amendment rights,” Hardiman wrote. The judges did note that the June 6 decision is limited to Range’s individual circumstances: he was banned from owning guns because the nonviolent crime he committed decades ago carried a relatively lengthy maximum prison sentence. -Epoch Times "Our decision today is a narrow one," read the majority opinion. "Bryan Range challenged the constitutionality of [the federal law] only as applied to him given his violation of [the Pennsylvania law]." As the Epoch Times notes further; Other Opinions Circuit Judge Thomas Ambro, a Bill Clinton appointee, wrote a concurring opinion, saying that even though the government failed to carry its burden in this case, the federal felon-in-possession ban still stands lawful. “This is so because it fits within our Nation’s history and tradition of disarming those persons who legislatures believed would, if armed, pose a threat to the orderly functioning of society. That Range does not conceivably pose such a threat says nothing about those who do,” Ambro wrote. “And I join the majority opinion with the understanding that it speaks only to his situation, and not to those of murderers, thieves, sex offenders, domestic abusers, and the like.” Ambro was joined by Judges Joseph Greenaway and Tamika Montgomery-Reeves, who were appointed by Barack Obama and Joe Biden, respectively. In one of the three dissenting opinions, Circuit Judge Patty Shwartz pointed to now-unconstitutional firearm bans on groups such as Native Americans, African Americans, Catholics, Quakers, and Loyalists. She argued that these restrictions, no matter how repugnant and unlawful they are today, serve as an analogy good enough to justify disarming people such as Range. “The founders [of the United States] categorically disarmed the members of these groups because the founders viewed them as disloyal to the sovereign. The felon designation similarly serves as a proxy for disloyalty and disrespect for the sovereign and its laws,” the Obama appointee wrote. “Such categorization is especially applicable here, where Range’s felony involved stealing from the government, a crime that directly undermines the sovereign.” Shwartz also warned that even though her colleagues have clarified that their opinion is “narrow,” the analytical framework they have applied to reach the conclusion could render most, if not all, felon firearm bans unconstitutional. “The ruling is not cabined in any way and, in fact, rejects all historical support for disarming any felon,” she wroted. “As a result, the Majority’s analytical framework leads to only one conclusion: there will be no, or virtually no, felony or felony-equivalent crime that will bar an individual from possessing a firearm. “This is a broad ruling and, to me, is contrary to both the sentiments of the Supreme Court and our history.” Tyler Durden Thu, 06/08/2023 - 20:45.....»»
Look Around And What Do You See? Social Defeat
Look Around And What Do You See? Social Defeat Authored by Charles Hugh Smith via OfTwoMinds blog, How often do you see acknowledgements that social defeat and social depression are rampant in America? If you do a search for social defeat, you find hundreds of links to studies of rodents. Here, we demonstrate that social defeat stress (R-SDS) impairs goal-directed motivation in male mice. "Social defeat is initiated when a male rodent is introduced into the home cage of an older, aggressive, dominant male." "The social defeat stress model." And so on. When applied to humans, the definitions are generalized in psychological terms: "The definition of Social Defeat is the loss of power, status, or self-esteem as a result of verbal or physical abuse by others." "Social defeat (SD) is defined as a feeling of having lost the fight leading to a loss of valuable status or of important personal goals." And so on. In my analysis, social defeat is a complex response to systemic economic, social and political inequalities. In other words, social defeat is the only possible outcome of structurally generated extreme asymmetries of wealth, income and power. Downward mobility excels in creating and distributing social defeat. Social defeat arises in strict social hierarchies in which the few dominate the many. Overcrowding exacerbates the many ills of social defeat within these social hierarchies based on dominance. In my lexicon, social defeat manifests as a spectrum of anxiety, insecurity, chronic stress, powerlessness, and fear of declining social status. Countless studies have identified the destructive consequences of chronic social defeat: social avoidance, passivity, depression, hyper-aggression, increased food intake and body mass, drug addiction, and so on. What do you see when you look around? I see all the manifestations of widespread chronic social defeat. When the system has been rigged to favor the dominant few at the expense of the many, the only possible outcome is systemic social defeat which manifests as all the ills listed above. Downward mobility and social defeat lead to social depression. Here are the conditions that characterize social depression: 1. Unrealistically lofty expectations of endlessly rising prosperity have been instilled in generations of citizens as a birthright. 2. Part-time and unemployed people are marginalized, not just financially but socially. 3. Widening income/wealth disparity as those in the top 10% pull away from the shrinking middle class. 4. A systemic decline in social/economic mobility as it becomes increasingly difficult to obtain middle class security or hold onto it. 5. A widening disconnect between higher education and employment: a college/university degree no longer guarantees a stable, good-paying job. (This is what historian Peter Turchin calls overproduction of elites.) 6. A failure in the Status Quo institutions and mainstream media to recognize social depression as a reality. 7. A systemic failure of imagination within state and private-sector institutions on how to address social depression issues. 8. The abandonment of middle class aspirations by the generations ensnared by the social depression: young people no longer aspire to (because they cannot afford) families or homeownership. 9. A loss of hope in the young generations as a result of the above conditions. The rising tide of collective anger arising from social depression is visible in many places: road rage, violent street clashes between groups seething for a fight, the destruction of friendships for holding the "incorrect" ideological views, and so on. The unwelcome reality is that America chose economic and financial policies that transferred $50 trillion from labor to politically powerful capital. If this doesn't seem possible, please read the RAND study in its entirety: Trends in Income From 1975 to 2018. Next, read the summary from Time.com The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90% -- And That's Made the U.S. Less Secure. Here's an excerpt: There are some who blame the current plight of working Americans on structural changes in the underlying economy--on automation, and especially on globalization. According to this popular narrative, the lower wages of the past 40 years were the unfortunate but necessary price of keeping American businesses competitive in an increasingly cutthroat global market. But in fact, the $50 trillion transfer of wealth the RAND report documents has occurred entirely within the American economy, not between it and its trading partners. No, this upward redistribution of income, wealth, and power wasn't inevitable; it was a choice--a direct result of the trickle-down policies we chose to implement since 1975. We chose to cut taxes on billionaires and to deregulate the financial industry. We chose to allow CEOs to manipulate share prices through stock buybacks, and to lavishly reward themselves with the proceeds. We chose to permit giant corporations, through mergers and acquisitions, to accumulate the vast monopoly power necessary to dictate both prices charged and wages paid. We chose to erode the minimum wage and the overtime threshold and the bargaining power of labor. For four decades, we chose to elect political leaders who put the material interests of the rich and powerful above those of the American people. Those who gained the pilfered wealth credit their "hard work." That's not the full story. Policies stripmined labor and the middle class and funneled the trillions to well-connected capital via tax loopholes, subsidies, favorable tax write-offs, family trusts and many other policy decisions that could only benefit the top 0.1%, who now own more of America's wealth than the bottom 80%. While the bottom 50% of America's households lost ground as their share of the nation's wealth shrank by a third to a meager 3%, the share of the top 1% soared by 40% to 32%. How often do you see acknowledgements that social defeat and social depression are rampant in America, and that the causes are systemic, the result of policies chosen by the nation's leadership elites? Shall we be brutally honest and admit the answer is never? And what do you expect to be served at the banquet of consequences of this systemic generation of social defeat and social depression? Perhaps a pendulum swing to the opposite extreme? New Podcast: Charles Hugh Smith on Getting Ready for a Real Recession (38 min) (38 min) * * * My new book is now available at a 10% discount ($8.95 ebook, $18 print): Self-Reliance in the 21st Century. Read the first chapter for free (PDF) Become a $1/month patron of my work via patreon.com. Subscribe to my Substack for free Tyler Durden Thu, 06/08/2023 - 21:05.....»»
Lira Plunges After Erdogan Appoints Co-CEO Of Failed First Republic Bank As New Central Bank Governor
Lira Plunges After Erdogan Appoints Co-CEO Of Failed First Republic Bank As New Central Bank Governor Turkish President Erdogan, fresh from his re-election as president, has named Hafize Gaye Erkan as the new central bank head - and first ever female CBRT governor - replacing Sahap Kavcioglu in a move that some optimists claim may signal an attempt at returning to more conventional monetary policy (spoiler: it won't). But even if it does mean the attempted end of Erdoganomics, the outcome will be another disaster for the Turkish economy for the simple reason that Erkan was formerly co-CEO of the failed First Republic Bank, and before that she of course worked at Goldman Sachs. Her current job will be to oversee the failure of Turkey, and take as much of the blame as possible even though the real culprit is someone else entirely. Hafize Gaye Erkan The announcement, made through a decree in the Official Gazette, completes a makeover of Erdogan’s top economic team after Mehmet Simsek’s appointment as treasury and finance minister. In his time as governor, Kavcioglu never deviated from Erdogan’s belief that lowering interest rates can slow inflation. And now that Turkey is out of reserves, even if Erdogan wants to put an end to the devastating MMT episode he put his country through, there simply is no more money. While Bloomberg incorrectly claims that her appointment "was taken by markets as a sign of possible normalization in Turkey’s monetary policies after years of ultra-low borrowing costs" the reality is just the opposite and the lira quickly tumbled to a fresh record low in Asia on Friday after the news hit. The currency was indicated down almost 2%, which would mark a fresh record low. While we expect Erkan to be fired within a month or two, if not weeks, her success will also depend on how much policy autonomy she will enjoy under Erdogan, according to Nick Stadtmiller, head of product at Medley Global Advisors. “Erkan’s appointment hopefully marks an improvement over the policies of her predecessor,” he said. “The lingering question is whether Erdogan will allow the central bank to raise rates sufficiently to bring down inflation.” And since Erdogan will never allow anyone else to have full autonomy over Turkey's money printer, the answer of how much Erdogan will allow rates to rise is zero. The Turkish central bank has been at the center of the growth-at-all-costs strategy that Erdogan has pursued since he turned his office into the nexus of all executive power in 2018. Erdogan argues lower interest rates slow inflation, a belief that contradicts conventional economic theories. There is no reason why Erdogan's outlook on economics should change now that a return to normalcy would mean a devastating economic depression: at least as long as he pursues the status quo, Erdogan can pretend that it's some evil outside force that is causing Turkey's misery, much as he has been doing for the past decade. And to show just how much Erdogan demands to be in charge of the central bank, before installing the outgoing central bank Kavcioglu as governor in March 2021, Erdogan ousted his three predecessors for tightening monetary policy too much as he wielded more power over the direction of interest rates. Kavcioglu never deviated from Erdogan’s guidance on borrowing costs. Despite price growth reaching a peak of 86% last year, the central bank under his stewardship delivered zero rate hikes and instead slashed the benchmark to 8.5% from 19% at the start of his tenure. The result is hyperinflation, economic collapse and a currency that looks like this. Finally, since merely switching around puppets will do nothing for the country which now needs to sell most of its gold to kick the can for at least a few months, we expect that today's news will inevitably lead to an even faster collapse in the Turkish Bolivar. Indeed, at least check the USDTRY was trading at 23.56 for the dollar, a fresh record low. Tyler Durden Thu, 06/08/2023 - 21:25.....»»
Earnings Results: Lower avocado prices are leading to more purchases, Mission Produce says, but less revenue
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Key Words: Messi’s Inter Miami move ‘phenomenal’ and ‘game-changing’ for MLS, say former U.S. soccer stars
Lionel Messi is “the best player the world has ever seen,” according to former U.S. soccer star Eric Wynalda......»»
Living With Climate Change: ‘Like unfiltered cigarettes’: Why is wildfire smoke so dangerous for the lungs?
'Wildfire smoke is 10 times more harmful to children’s respiratory health than other types of air pollution,' says Dr. Lisa Patel......»»
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: ‘Free dollars’: Missouri men charged with using stolen COVID-19 aid to disable emission controls on truck fleet
Chris Carroll and George Reed are accused of taking $1.25 million in PPP loans to modify a trucking fleet to spew out hundreds of times more pollution......»»
: Zuckerberg: Apple Vision Pro is ‘not the one that I want,’ doesn’t have any ‘magical solutions’
He claims the $3,500 Vision Pro offered no major breakthroughs Meta hadn’t "already explored" and that Apple's first major hardware innovation in nearly a decade is "not the one that I want.” .....»»
: Tesla stock surges to its 10th straight gain, highest close since October
Shares of Tesla Inc. rose Thursday for the 10th straight session and closed at their highest price since October, as data out of China showed that the electric-vehicle giant sold more cars in May than the previous month......»»
The Tell: Odds of U.S. ‘hard landing’ rising after Fed’s refusal to pause rate hikes earlier this year, warns Cam Harvey
Odds of a “hard landing” in the U.S. are rising, warns Campbell Harvey of Research Affiliates......»»
: Uber, Lyft drivers would get help with deactivations under NYC bill
The city is considering a bill that would address a top issue for its tens of thousands of ride-hailing drivers: getting kicked off apps like Uber and Lyft......»»
: Trump says he’s been indicted in documents probe, with Tuesday court date
Former President Donald Trump said Thursday he's been indicted in the federal investigation into classified documents in his possession, and has been summoned to appear in federal court in Miami on Tuesday......»»
First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie's chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year......»»
WaterWalk Debuts Newest Live | Stay Property in Meridian, Idaho
WaterWalk Debuts Newest Live | Stay Property in Meridian, Idaho.....»»
Fordham University, Business Council of Westchester Host Forum on Real Estate, Finance Trends and Westchester’s Economy
Leaders in real estate, economics and finance discussed industry trends and market influencers and how they are impacting the commercial sector in Westchester County and beyond at a forum last week hosted by Fordham University’s School of Professional and Continuing Studies and The Business Council of Westchester. “Let’s Get Fiscal! –How... The post Fordham University, Business Council of Westchester Host Forum on Real Estate, Finance Trends and Westchester’s Economy appeared first on Real Estate Weekly. Leaders in real estate, economics and finance discussed industry trends and market influencers and how they are impacting the commercial sector in Westchester County and beyond at a forum last week hosted by Fordham University’s School of Professional and Continuing Studies and The Business Council of Westchester. “Let’s Get Fiscal! –How Real Estate and Finance Trends Are Reshaping Westchester’s Economy” was presented virtually June 1 and featured Nikki Greenberg,founder and Chief Innovation Officer, Real Estate of the Future; Al Gutierrez,Managing Director, Brokerage, JLL; and Melinda White, Commercial Banking Leader, Hudson Valley, Wells Fargo. The discussion was moderated by Dr. Joshua Harris,a real estate economist and investment strategist who isManaging Partnerof theLakemont Group and an adjunct professor at Fordham’s Real Estate Institute. Harris set the stage by looking at the ‘yield curve inversion,’ where short-term rates are higher than long-term, and the impact on real estate. He noted the U.S. Treasury one-month rate is at 5.2% while the 10-year – which sets the tone for mortgage rates and commercial real estate valuation – is at 3.6%. “We’ve seen interest rates go up in the last 12 months at one of the fastest clips the Fed has ever managed to do,” Harris said. “This is occurring under a landscape of recovery in a post-Covid world, which is unique for a place like Westchester – one of most storied suburban commuter zones to New York City.” He asked the panel if Westchester is benefitting from work-from-home and other “turmoil” in Manhattan. “Historically, Westchester was a recipient of many headquarters coming out of NYC, looking for a better way of work and life. Then we saw a pull back toward the urban setting,” said Gutierrez. “Now there’s questions about occupancy – do they need to be in NYC? Should we be thinking of more regional offices? Westchester, from a locational standpoint, is well-poised to benefit.” Gutierrez added the challenge for Westchester is its “dated” office buildings: “There’s a lot of reinvestment that needs to be done in order to attract those occupants out of NYC.” Harris shifted the conversation to transit-oriented development (TOD) – noting progress in Yonkers, New Rochelle and Port Chester – and asked whether Westchester’s real estate community is up to the task of providing that product going forward. “Multifamily housing is a sweet spot in real estate right now,” said White. “The limiting factor is the economics – with the current interest rates, can these projects pencil out? We’re seeing projects on hold, not due to a lack of capital but to the costs of construction and to carry.” Greenberg, a futurist and innovation strategist, pointed to Gen Z as a target for TOD. “They’re a generation with different expectations and definitely want to be homeowners,” she said. “They love technology and also care very deeply about the environment. It’s a natural fit for them to want to live close to where they work, or at least near highly connected transport.” Harris asked how changes in access to capital are affecting the office market, in terms of expansions, reconfigurations and other capital expenditures. “Office space is a tough market. Everything is case by case, of course, and if there’s a good story to tell there’s an appetite,” White said. “Investors are very cautious about putting more money into buildings … owners are having to reach into their pockets, which becomes a downward cycle: if they don’t have the liquidity to put money in, there’s an inability to attract good tenants.” The panel also shared insights into remote-work trends and how that is reshaping real estate. “We can’t group every person and organization into one bucket – that’s causing a lot of contradictory evidence about productivity and expectations,” said Greenberg. “Today, because the technology we use for work is portable and companies’ information is stored in the cloud, it has opened up more options. Companies are empowered to make unique decisions about how and where work gets done.” As for the impact a recession would have on Westchester, the panel agreed it could be a period of opportunity to “rethink, reassess and re-invest.” “There’s a lot of capital out there that has yet to be deployed,” said Gutierrez. “We’re going to see opportunistic investors looking at assets that are on the brink of foreclosure, as land-banking opportunities for redevelopments. One of the things that has ameliorated downturns in Westchester are alternative industries – health care, life sciences and education, which are at the forefront of occupying much of the obsolete space in the market.” “This insight is so important as we begin to plan for 2024 and beyond,” said Business Council of Westchester President and CEO Dr. Marsha Gordon. “What happens in the commercial real estate market in the Hudson valley, NYC and the broader region affects all of the business community in Westchester.” “We’re proud to collaborate with The Business Council of Westchester and bring together top minds to help us all stay ahead of the curve,” said Dr. Anthony R. Davidson, dean, Fordham University School of Professional and Continuing Studies (PCS). “The way in which we live and work is constantly changing, and our mission is to offer degree, professional and corporate training programs that meet those changes.” Davidson noted that as part of the PCS mission to support the Westchester community, the school has launched a “Good Neighbor Initiative,” which provides an automatic 30% tuition reduction for undergraduate degree-seeking students enrolled in PCS at Fordham’s Westchester campus who live within the campus’ “neighbor” zip codes at the time they apply. To view the event, click here. The post Fordham University, Business Council of Westchester Host Forum on Real Estate, Finance Trends and Westchester’s Economy appeared first on Real Estate Weekly......»»
$97.25M in Financing Secured for Luxury New Jersey Multi-Housing Community
JLL Capital Markets announced today that it has secured the $97.25 million financing for Vinty, a 267-unit, Class A, mixed-use development in Elizabeth, New Jersey. JLL worked on behalf of the borrower, LeCesse Development Corporation and MAS Development Group, to secure the two-year, senior floating-rate loan through an entity managed by... The post $97.25M in Financing Secured for Luxury New Jersey Multi-Housing Community appeared first on Real Estate Weekly. JLL Capital Markets announced today that it has secured the $97.25 million financing for Vinty, a 267-unit, Class A, mixed-use development in Elizabeth, New Jersey. JLL worked on behalf of the borrower, LeCesse Development Corporation and MAS Development Group, to secure the two-year, senior floating-rate loan through an entity managed by Argentic Investment Management LLC (“Argentic”). Delivered in 2022, Vinty consists of studio, one- and two-bedroom units, as well as 32,272 square feet of ground-floor retail and commercial space. The Property offers a community amenity package, including a fitness center, yoga/cycling studio, resort-style pool, outdoor summer kitchen, outdoor theater, community lounge, a golf simulator, dog park, co-working zone and more. The interior unit finishes feature quartz countertops, stainless steel appliances, in-unit washers and dryers, wood-style plank flooring and large walk-in closets and bathrooms. The commercial space includes a 3,315-square-foot sous vide food hall, a high-end private office/co-working space and a Northfield Bank branch. Located within an Opportunity Zone, Vinty sits at 100 Union Street, directly across the street from the New Jersey Transit Elizabeth Station. Two New Jersey Transit lines, the Northeast Corridor and North Jersey Coast Line, converge in Elizabeth to allow for superior accessibility to major employment hubs throughout New Jersey, as well as New York Penn Station. The property provides walkability to Broad Street and Morris Avenue, Elizabeth’s main downtown corridors, as well as nearby employment opportunities at Union County College, Trinitas Regional Medical Center, the Union County courthouse and more. Additionally, it is just four miles from Cranford and Westfield which features charming downtown areas with a variety of shops, boutiques and restaurants. The JLL Capital Markets Debt Advisory Team was led by Senior Managing Directors Michael Klein and Steven Klein, Director Gerard Quinn and Analyst Benjamin Morgenthal. “Vinty represents the first phase of a transformational placemaking community for downtown Elizabeth. Residents, businesses owners and the overall city will benefit from the vision and sense of community that MAS Development and LeCesse Development have created at Vinty for years to come,” said Michael Klein. “Argentic quickly recognized the quality of product, including the spaciously appointed units, the abundance of community amenities and the connectivity between the residential and commercial spaces, that the borrower has created. Argentic was able to provide a highly competitive deal structure that will allow MAS and LeCesse to continue to season the property,” said Steven Klein. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries. For more news, videos and research resources on JLL, please visit our newsroom. The post $97.25M in Financing Secured for Luxury New Jersey Multi-Housing Community appeared first on Real Estate Weekly......»»
Ware Malcomb Announces Regional Leadership News in New York and Newark Offices
Ware Malcomb, an award-winning international design firm, today announced several leadership moves in its New York City and Newark, NJ offices to support continued business growth. Vincent Sorge has joined Ware Malcomb as Director, Interior Architecture & Design in their New York office. In the role, Sorge will be... The post Ware Malcomb Announces Regional Leadership News in New York and Newark Offices appeared first on Real Estate Weekly. Ware Malcomb, an award-winning international design firm, today announced several leadership moves in its New York City and Newark, NJ offices to support continued business growth. Vincent Sorge has joined Ware Malcomb as Director, Interior Architecture & Design in their New York office. In the role, Sorge will be focused on business development and work closely with the firm’s other regional leaders to mentor staff, oversee projects and client relationships. He brings more than 30 years of interior design industry experience in New York City, including prior leadership positions at other boutique and national design firms. “Vincent’s wealth of knowledge and industry experience make him a great addition to our interiors practice,” said Bill Sotomayor, Principal for Ware Malcomb’s New York office and Northeast interiors practice. “He has vast expertise throughout the New York City area, decades of landlord client relationships and a passion for mentorship and talent development.” Sorge attended School of Architecture at New Jersey Institute of Technology and Parson’s School of Design in New York. Also in New York, Ware Malcomb promoted Damian Melo to Director, Interior Architecture & Design. In this role, he will oversee the management and operations of the New York office, and work with other regional leaders to support the continued growth of the Interior Architecture & Design studio. Since joining the firm in 2017 as Studio Manager, Melo has helped shape the success of the office by providing exceptional architectural and interior design expertise to a wide variety of projects, including workplace, office, retail, automotive, industrial and R&D facilities. “Damian consistently demonstrates a deep understanding of all aspects of design and management and has been instrumental in winning many pursuits,” Sotomayor said. “His leadership and guidance have helped the team achieve outstanding results for our clients.” A licensed architect in the states of New York and New Jersey with more than 20 years of industry experience, Melo has worked closely with local leaders to provide structure, mentoring and senior support for the regional offices. He earned his Bachelor of Architecture degree from the New Jersey Institute of Technology. In Newark, Ware Malcomb has promoted Meera Bahukutumbi to Studio Manager, Interior Architecture & Design. Bahukutumbi joined the firm in 2019 and advanced from Project Manager to Senior Project Manager prior to this latest promotion. With a strong design background and industry accreditations including CID, LEED AP ID+C, and WELL AP, she has managed large, design-focused assignments for clients such as KS Engineers and Haymarket Media, as well as multiple large GSA projects. “Meera is a dedicated leader who has helped grow the Interiors Studio with teams in both Newark and Princeton,” said Marlyn Zucosky, Regional Director for Ware Malcomb’s Newark and Princeton Interior Architecture & Design studios. “She has proven to be a valuable mentor with a great understanding of the team’s financials, operations, and project management.” Bahukutumbi is the Ware Malcomb Regional Diversity, Equity, and Inclusion Champion for the Northeast and is a member of CoreNet Global New Jersey, where she serves on its DEI committee. Bahukutumbi has been involved in the industry since 1998, and is passionate about helping clients build healthy, functional and efficient environments. She has worked on a variety of project types including corporate office, retail, government, public, hotel and multifamily interiors. In addition to her professional certifications, Bahukutumbi earned a Bachelor of Fine Arts degree in Interior Design from The International Academy of Design and Technology. Ware Malcomb’s Interior Architecture & Design Studio creates design solutions to transform interior environments into market relevant, contemporary spaces. The post Ware Malcomb Announces Regional Leadership News in New York and Newark Offices appeared first on Real Estate Weekly......»»
Stella, One of the Area’s Most Successful Multifamily Developments, is Fully Leased in 15 Months After its Debut
In a milestone for one of New Rochelle’s most successful new luxury rental communities, Stella is fully leased 15 months after its debut. Located at 10 Le Count Place in the heart of downtown New Rochelle, the award-winning, 28-story, mixed-use residential tower features 380 elegantly designed studios, one-, and two–bedroom apartments.... The post Stella, One of the Area’s Most Successful Multifamily Developments, is Fully Leased in 15 Months After its Debut appeared first on Real Estate Weekly. In a milestone for one of New Rochelle’s most successful new luxury rental communities, Stella is fully leased 15 months after its debut. Located at 10 Le Count Place in the heart of downtown New Rochelle, the award-winning, 28-story, mixed-use residential tower features 380 elegantly designed studios, one-, and two–bedroom apartments. Stella, which is a development of WBP Development LLC, and LMXD, an affiliate of L+M Development Partners, recently won the Westchester Home 2023 Builders Award as Westchester’s Best Luxury Multifamily Development. Stella is also winning raves from residents who are attracted to the spaciously designed apartments, best-in-class amenities, convenient access to nearby Metro North-Amtrak station and breathtaking views of Long island Sound and Manhattan. “I turn the door handle walk through my door, and I am home. This apartment is all I ever wanted and more,” said Stella resident Lawrence Gold. Easy access to the Metro-North station plus the amenities were factors for Kerry and William Holmes, who moved from New York City to a one-bedroom apartment on the 22nd floor of Stella last July. “Stella offers immense value for the price point and we couldn’t refuse! We truly feel like we got everything we wanted in our new home,” said Kerry. Whether it’s the amenities, easy access to the train, the friendly staff or the spectacular water views, these are all reasons why Himaja Nekkalapudi chose to move to Stella. But most of all it is the pet friendly environment. “Stella is the only building I found that allowed dogs on the larger side! I was looking for an apartment for almost two months before deciding on Stella,” she said. Luxury amenities are a significant attraction at Stella. With the start of summer,residents will soon be enjoying the roof-top outdoor pool, chef demonstration kitchen and rooftop bar lounge. There is also concierge service, a 3,000-square- foot state-of-the-art fitness center, resident lounges with bars, co-working spaces, , children’s play room, game room with pool table, indoor parking and bike storage. For dog owners, Stella features a pet spa with outdoor play area. In a feature unique for this market, Stella’s lobby is home to the first Joe Coffee café in Westchester. Stella is drawing young professionals, many of whom work in finance and health care. Geographically, about a third of its residents are from New Rochelle and nearby communities of Mamaroneck, Rye, Pelham and Larchmont. More than half of the residents are from New York City. Many are seeking New York City quality apartments and amenities but at a more affordable price point. As for work, more than half of Stella residents work in Brooklyn, Bronx, Manhattan and Queens. The easy access to Metro-North is an important benefit that takes the hassle out of a daily commute to work. “We are extremely proud to have had the opportunity to lease the homes at Stella in record time,” said Jackie Urgo, President of The Marketing Directors, the exclusive leasing and marketing agent for Stella. “It is an incredible community with an unmatched lifestyle offering in New Rochelle, minutes from the Metro North train, and within close proximity to Manhattan and all the conveniences of Westchester County.” “We are delighted to be a part of the incredible urban transformation under way in downtown New Rochelle. Stella offers a winning combination of excellent design, extraordinary amenities and convenient access to Metro-North,” said James Wendling, COO of WBP Development. “The leasing success of Stella is a testament to the award-wining team we assembled for this exciting development. The result is a beautiful building that is setting a new standard of excellence in multifamily living in New Rochelle and Westchester County,” said Katherine Kelman, Managing Director of LXMD. The post Stella, One of the Area’s Most Successful Multifamily Developments, is Fully Leased in 15 Months After its Debut appeared first on Real Estate Weekly......»»
JLL Income Property Trust Surpasses $1 Billion of Capital Raised in JLL Exchange Program
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $7 billion in portfolio assets, today announced it has attracted more than $1 billion through JLL Exchange (“JLLX”), its 1031 like kind real estate exchange program. The JLLX platform is a sophisticated tax deferral and... The post JLL Income Property Trust Surpasses $1 Billion of Capital Raised in JLL Exchange Program appeared first on Real Estate Weekly. JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $7 billion in portfolio assets, today announced it has attracted more than $1 billion through JLL Exchange (“JLLX”), its 1031 like kind real estate exchange program. The JLLX platform is a sophisticated tax deferral and estate planning tool that utilizes both a traditional 1031 exchange along with a potential 721 UPREIT exchange. The JLLX program provides institutional quality properties through its unique Delaware Statutory Trust (“DST”) structure, where owners of appreciated investment real estate can conduct a 1031 exchange by reinvesting proceeds from the sale of their real estate to acquire interests in the DST. After a required holding period, DST properties may be reacquired in exchange for interests in JLL Income Property Trust’s UPREIT structure through a 721 exchange. JLL Exchange provides investors the opportunity to reinvest proceeds from their sale of real estate held for investment into a broadly diversified, institutionally managed, perpetual NAV REIT, while also deferring taxes, maintaining their allocation to real estate and enjoying a wide range of estate planning benefits. JLL Income Property Trust benefits by attracting strategically aligned long-term investors through the 1031 exchange market. Since its inception in 2020, JLLX has provided investors with more than $1 billion of DST interests through 18 distinct 1031 exchange offerings ranging from single property DSTs to diversified, multi-property portfolios. JLL Income Property Trust has also completed 6 full-cycle 721 UPREIT transactions totaling nearly $470 million. In a full-cycle UPREIT, real estate is exchanged on a tax-deferred basis for partnership interests in JLL Income Property Trust, offering the potential for owners of the exchanged property to achieve meaningful diversification, current income and the opportunity to realize long-term appreciation. “We are extremely pleased by the market’s strong, sustained response to the JLLX platform,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “Financial advisors have recognized the compelling potential tax and estate planning benefits from the JLLX offerings, and view it as a way to provide more holistic financial planning for their high net worth property owner clients.” “By offering higher-quality, institutional, DST solutions, competitive fees and institutional management, JLLX has established itself as a preferred 1031 exchange solution for high net worth and ultra-high net worth investors,” said Drew Dornbusch, Head of JLL Exchange. For more information on JLL Income Property Trust, please visit our website at www.jllipt.com. The post JLL Income Property Trust Surpasses $1 Billion of Capital Raised in JLL Exchange Program appeared first on Real Estate Weekly......»»
Donald Trump Becomes First President In History To Face Federal Charges
Former President Donald Trump will face federal charges for his mishandling of classified documents. read more.....»»
Auto Stocks get Upgraded: 3 Top-Ranked Stocks to Buy Now
Dividend Channel.....»»
5 Reliable Dividend Stocks Billionaires Are Loading Up On
In this article, we discuss 5 reliable dividend stocks billionaires are loading up on. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Reliable Dividend Stocks Billionaires Are Loading Up On. 5. Walmart Inc. (NYSE:WMT) Number of Billionaire Investors: 20 Number of Hedge Fund Holders: 91 […] In this article, we discuss 5 reliable dividend stocks billionaires are loading up on. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read 10 Reliable Dividend Stocks Billionaires Are Loading Up On. 5. Walmart Inc. (NYSE:WMT) Number of Billionaire Investors: 20 Number of Hedge Fund Holders: 91 Walmart Inc. (NYSE:WMT) is an Arkansas-based multinational retail corporation that owns department stores across the US. The company offers a quarterly dividend of $0.57 per share and has a dividend yield of 1.53%, as recorded on June 2. It is among the list of reliable dividend stocks as the company has raised its dividends for 50 years in a row. Some of the most prominent billionaires having investments in the company include Ray Dalio and Cliff Asness. Barclays noted that Walmart Inc. (NYSE:WMT)’s volume has improved in the most recent quarter and also appreciated the company’s discretionary initiatives. In May, the firm lifted its price target on the stock to $162 and maintained an Outperform rating on the shares. Walmart Inc. (NYSE:WMT) was a popular stock among hedge funds in Q1 2023, as 91 funds tracked by Insider Monkey owned stakes in the company, up from 66 a quarter earlier. The collective value of these stakes is over $5.6 billion. Follow Walmart Inc. (NYSE:WMT) Follow Walmart Inc. (NYSE:WMT) We may use your email to send marketing emails about our services. Click here to read our privacy policy......»»
10 Reliable Dividend Stocks Billionaires Are Loading Up On
10 Reliable Dividend Stocks Billionaires Are Loading Up On.....»»
Mason Hawkins" Firm Enters 3 New Positions in the 1st Quarter
Southeastern Asset Management releases quarterly portfolioCheck out Mason Hawkins Stock Picks » Download GuruFolio Report of Mason Hawkins (Updated on 06/07/2023)Related Stocks: K, FIS, FBIN, GE, LUMN, MSGS,.....»»
COO Gibson Mark Andrew Stuart Sells 5,000 Shares of Ivanhoe Electric Inc
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Insider Sell: CEO August Troendle Sells 169,005 Shares of Medpace Holdings Inc (MEDP)
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The 15 Most Fuel Efficient New Trucks
Pickup trucks have ranked among the most popular vehicle segments in the United States for decades. No longer defined by barebones practicality, today’s trucks offer luxury interiors, high-tech infotainment systems, and plenty of backseat legroom. Combining the capability and versatility of a work vehicle with the comforts and conveniences of a family car or daily […] Pickup trucks have ranked among the most popular vehicle segments in the United States for decades. No longer defined by barebones practicality, today’s trucks offer luxury interiors, high-tech infotainment systems, and plenty of backseat legroom. Combining the capability and versatility of a work vehicle with the comforts and conveniences of a family car or daily driver, pickup trucks sacrifice little – with one glaring exception: fuel efficiency. Among the more than 100 pickup truck configurations available in the 2023 model year, the median combined fuel economy is just 19 miles per gallon, according to data from the Environmental Protection Agency. For context, the average fuel economy of the U.S. vehicle fleets was 36 mpg in 2021, a number the Department of Transportation mandated to rise to 49 mpg by 2026. With U.S. gas prices topping $5 a gallon last year – an all-time high – many pickup truck owners are feeling the pinch. For cost-conscious drivers in the market for a new truck, however, some options are better than others. (Here is a look at America’s favorite pickup trucks.) Using data from the EPA, 24/7 Wall St. identified the most fuel-efficient pickup trucks. We ranked the 15 non-electric pickup trucks on the market by combined fuel economy, considering all available engine and drivetrain packages. For any vehicle, fuel efficiency is subject to a number of factors. Some of them are contingent on driving habits, but those related directly to the vehicle itself include weight, ground clearance, aerodynamics, drivetrain, and engine size. Several of the most fuel efficient new trucks on the market have been recently updated or are all-new nameplates. The Ford Maverick, for example, which is capable of a segment-leading combined 37 mpg, was first introduced in 2021 and is available with a hybrid engine. Meanwhile, the Toyota Tacoma, while classified as a small pickup, has not been meaningfully updated since 2016 and gets a maximum of 24 mpg on the highway and 21 mpg combined. (Here is a look at the cars that have been completely redesigned for 2023.) Click here to see the most fuel-efficient new trucks this year. Click here to see our detailed methodology. Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now......»»
Jersey Mike"s and DoorDash happy hour food deal cancelled Thursday due to "overwhelming response"
Jersey Mike's and DoorDash cancelled day two of its happy hour food deal due to 'overwhelming response' on Wednesday. Jersey Mike's and DoorDash cancelled day two of its happy hour food deal due to 'overwhelming response' on Wednesday. .....»»
Tesla superchargers for GM EVs: Drivers to gain access to fast-charging network in 2024
The Tesla Supercharger Network will be open to GM EV drivers starting in 2024. GM says it will have adapters available for its EV owners by spring. The Tesla Supercharger Network will be open to GM EV drivers starting in 2024. GM says it will have adapters available for its EV owners by spring. .....»»
The LIV Golf-PGA Tour merger shows why sports is so good for image washing
The merger of LIV Golf and PGA Tour shows the lure of sports to launder a country's reputation, in this case, Saudi Arabia and its human-rights abuses.The merger of LIV Golf and PGA Tour shows the lure of sports to launder a country's reputation, in this case, Saudi Arabia and its human-rights abuses......»»
Trump indicted in Mar-a-Lago records case: report
The Department of Justice indicted former President Donald Trump in connection with classified records discovered at his Mar-a-Lago estate. Former President Donald Trump.Scott Olson/Getty Images The Department of Justice reportedly indicted former President Donald Trump in the Mar-a-Lago records case. It's the first time a former president has been charged with a federal crime. Trump is expected to appear in federal court in Miami next Tuesday. The Justice Department brought an indictment against Donald Trump on Thursday over the former president's hoarding of government records, according to the New York Times, citing multiple people familiar with the matter.The precise charges weren't immediately known, but the Times reported that one person briefed on the matter said there were seven counts.With the indictment, Trump became the first current or former president in American history to face federal criminal charges. The indictment sets the stage for an extraordinary prosecution pitting the Justice Department against a former president who is campaigning to return to the White House.The indictment may also further radicalize Trump's MAGA base of supporters. Trump has alluded to the possibility of violence if he is arrested, as he did in the run-up to his indictment by a New York grand jury.Trump said in a Truth Social post that he would appear in federal court in Miami on Tuesday afternoon."I have been summoned to appear at the Federal Courthouse in Miami on Tuesday, at 3 PM. I never thought it possible that such a thing could happen to a former President of the United States," he said on Truth Social, before falsely claiming he won the 2020 election.Prior to Trump's indictment, federal prosecutors told his attorneys in early June that he was a target of the investigation. Some of Trump's close aides and allies, including former White House Chief of Staff Mark Meadows and ex-spokesperson Taylor Budowich, testified before grand jurors who brought the indictment. Smith's indictment is the second pending criminal case against Trump. In April, the Manhattan District Attorney's office brought a 34-count indictment against the former president, alleging he falsified business records in connection with payments to Stormy Daniels designed to keep her silent ahead of the 2016 election about an alleged affair she says she had with him.Trump has pleaded not guilty in the Manhattan case, which is scheduled to go to trial in March of 2024.The existence of the federal criminal investigation became public when the FBI executed a search warrant at Mar-a-Lago in early August 2022, seizing boxes of documents Trump took from the White House when he left office. According to the unsealed warrant, the feds were investigating whether Trump broke three laws, including the Espionage Act, and whether he obstructed justice.Earlier in 2022, Trump turned over 15 boxes of documents — including some marked as classified and "top secret" — at the request of the National Archives. But National Archives officials and federal investigators believed he held on to more — despite his attorneys promising otherwise — leading to the search on his Florida estate. Trump had reportedly held on to some classified documents with explosive national security ramifications, including one about a potential military attack on Iran.Trump's lawyers have argued that the White House process for handling classified information differs from other parts of the government and that any case should be handled as a civil matter rather than a criminal one. Trump has claimed that as president, he had the power to declassify documents simply "by thinking about it."The indictment is now a stress test on the Justice DepartmentFor the Justice Department, Trump's November campaign announcement only intensified what was already a politically charged inquiry into the former president's retention of classified documents and other sensitive materials following his departure from the White House. Within days of the announcement, Attorney General Merrick Garland appointed a special counsel, Jack Smith, to oversee the investigation, along with a separate inquiry related to efforts by Trump and his political allies to overturn the 2020 election.Those dual investigations into the former president have tested Garland as he's striven to restore the Justice Department's independence on the heels of the politicization of the Trump era. In announcing his selection of Smith, Garland said the appointment underscored the Justice Department's "commitment to both independence and accountability in particularly sensitive matters."That messaging did little to quell claims by Trump and his Republican allies that the Biden administration was waging a politically motivated investigation into a top contender for the GOP nomination. Trump quickly criticized the special counsel's appointment as "disgraceful."President Joe Biden also faces a probe over classified records. After disclosures that classified records were found in spaces associated with Biden prior to his presidency, documents that were returned to the government, Garland named a separate special counsel in a move that blindsided the White House.With Trump's indictment, the Justice Department and the judge overseeing the case must now navigate months of court proceedings related to the prosecution as the former president campaigns for a return to public office.Trump has warned of a violent response to any indictment on criminal charges. In September, he said there would be "problems" like "we've never seen" before in the event of his criminal indictment.Trump supporters cheered the former president along as he gave his campaign-style speech at Mar-a-Lago during his 2024 presidential campaign.Kimberly Leonard/InsiderGrand juries in Washington, DC and Miami have been hearing evidence in the government records case, with Smith reportedly preferring to bring charges in Florida if that is where the bulk of the alleged crimes were committed. According to the Washington Post, prosecutors have taken interest in a statement Trump drafted in 2022 claiming he'd given "everything" back to the government.Trump faces other legal risks as well.Aside from the case over government records, Smith is overseeing a separate grand jury investigation into Trump's role in trying to stop the peaceful transfer of power between himself and Biden.Trump has maintained the falsehood that he was the true victor of the 2020 presidential election. In the months following his loss tried to overturn Biden's victory in court, pressured state officials falsely declare him the winner in states where voters chose Biden, and hosted a rally in Washington, DC, shortly before his supporters stormed the Capitol building on January 6, 2021.In Atlanta, Fulton County District Attorney Fani Willis is also overseeing a criminal investigation into Trump's efforts to overturn election results. Trump asked Georgia Secretary of State Brad Raffensperger to "find 11,780 votes" needed to snatch the state's vote total away from Biden's victory. His allies in the state's Republican party, also under investigation, plotted to send fake electors to Congress to vote for Trump even though he lost the state.Willis convened a special grand jury panel to investigate Trump and the fake electors, and is currently weighing whether to recommend indictments to an ordinary grand jury.On the civil litigation front, Trump faces numerous other challenges between now and election day.A sprawling fraud case against him and the Trump Organization from the New York Attorney General's office is set to go to trial in October. Several live legal claims from E. Jean Carroll, Michael Cohen, a group of plaintiffs who alleged he scammed them with a multi-level marketing scheme back in his days on "The Apprentice" are all making their way through the courts.Editor's note: Portions of this article were prepared in the weeks preceding Trump's indictment.Read the original article on Business Insider.....»»
Trump says on Truth Social that he has been indicted in classified documents investigation
The DOJ has not yet confirmed former President Donald Trump's claims. Former President Donald Trump speaks to supporters at his rally in Waco, Texas, on March 25, 2023.AP Photo/Evan VucciFormer President Donald Trump broke the news on Truth Social that he has been indicted.The New York Times and other outlets have now confirmed Trump has been indicted.The indictment is 7 counts, per multiple reports.Former President Donald Trump announced on Truth Social Thursday evening that he has been indicted in relation to the Department of Justice's investigation into the potential mishandling of classified documents. The New York Times and other outlets have since confirmed the indictment."I have been summoned to appear at the Federal Courthouse in Miami on Tuesday, at 3 PM," Trump wrote. "I never thought it possible that such a thing could happen to a former President of the United States, who received far more votes than any sitting President in the History of our Country, and is currently leading, by far, all Candidates, both Democrat and Republican, in Polls of the 2024 Presidential Election. I AM AN INNOCENT MAN!"ABC and CNN report the former president has been indicted on 7 charges in relation to the investigation into his mishandling of classified documents.This would be the first time a former president has faced federal charges. Trump was indicted by New York prosecutors earlier this year over hush money payments paid to the adult entertainer Stormy Daniels.A spokesman for the DOJ declined to comment.This is a breaking story. Check back for updates.Read the original article on Business Insider.....»»
Nvidia, Salesforce, Oracle invested in OpenAI rival Cohere
Unlike OpenAI, Canada-based Cohere isn't looking to get too closely tied to any one investor......»»
Centene chosen for 2 contracts as Oklahoma"s Medicaid program moves to managed care
The Oklahoma Health Care Authority selected Centene’s Oklahoma Complete Health, Aetna Better Health of Oklahoma and Humana Healthy Horizons of Oklahoma for one-year contracts, with five one-year renewal options......»»
Capella Space signs deal to sell satellite images to NASA
NASA will use the high resolution images to improve its datasets and further its research......»»
Waikiki resort brings back buffet, adds Korean barbecue station
The Hyatt Regency Waikiki Beach Resort & Spa is opening The Buffet at Hyatt, which includes a Korean barbecue station, next week......»»
Winery owner Hoffmann Family of Companies details progress, setbacks of its $150M project
Since the Hoffmann family announced its plans to transform Augusta, Missouri, into a national wine destination, a few projects have encountered some snags......»»
New "Spider-Man: Across The Spider-Verse" Movie Features Lego Scene Made By 14-Year-Old: A Lesson In Creativity And Social Media
There are many things kids around the world love. Kids often love playing with toys such as Legos, superhero figures and watching movies. A teenager got the rare opportunity to combine these loves and be featured in a potential blockbuster movie. read more.....»»
Former Walgreens CEO sues Walgreens for breach of contract over removal of smart cooler doors from stores
The former CEO of Walgreens is suing the chain over the early termination of an agreement to install smart cooler doors at thousands of storesThe former CEO of Walgreens is suing the chain over the early termination of an agreement to install smart cooler doors at thousands of stores.....»»
Puffco Celebrates 10 Years Of Disruption With A Revamped Peak Pro Cannabis Concentrates Vaporizer
In the vibrant landscape of cannabis technology, Puffco stands as a pioneer. Over the past decade, this award-winning company has revolutionized the way the world consumes cannabis. And now, to celebrate its tenth anniversary, Puffco is taking yet another leap forward. read more.....»»
The Supercharger Revolution: 5 Takeaways From GM CEO Mary Barra, Tesla CEO Elon Musk Twitter Spaces
General Motors Co (NYSE: GM) CEO Mary Barra and Tesla Inc (NASDAQ: TSLA) Elon Musk revealed Thursday afternoon during a Twitter Spaces their companies' collaborative efforts t read more.....»»
If You Invested $1,000 In Gun Stocks When Joe Biden Was Elected President, Here"s How Much You"d Have Now
Shares of gun stocks often see strength heading into election cycles, particularly when Republican candidates win or are leading in the polls. Here’s a look back at the returns of major gun stocks after the 2020 election. read more.....»»
Former NFL Star Says He Walks 35 Miles A Week Thanks To Cannabis: "I Could Not Do That When I Was Taking 8 Pills A Day"
"Eventually, you get addicted to pain," says former NFL quarterback Charlie Batch, talking about his personal experience with pain management while playing professional football. read more.....»»
The S&P 500 is in a bull market. Here’s what that means and how long the bull might rage on.
The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low.The S&P; 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low......»»
Walgreens Faces Ex-CEO’s $200 Million Broken Contract Suit
Greg Wasson is suing his former employer for $200 million in a contract dispute related to his startup. Greg Wasson worked for Walgreens for more than three decades, starting as an intern and serving as chief executive officer of the pharmacy giant from 2009 to 2014. Now, Wasson is suing his former employer in a contract dispute with a technology startup he helped found in 2017. He claims current Walgreens CEO Roz Brewer reneged on an agreement to replace glass doors on store refrigerator displays with high-tech digital screens that would flash product information and advertisements at consumers while they were shopping for cold beverages. Brewer’s decision to end a roll-out of the “Smart Doors” that Wasson and his partners at Cooler Screens had committed to installing at 2,500 Walgreens Boots Alliance Inc. stores across the US cost their business more than $200 million, according to the complaint filed Wednesday in state court in Chicago. [time-brightcove not-tgx=”true”] More from TIME [video id=UUoxwYSx autostart="viewable"] Walgreens called the allegations “baseless and unfounded” in a statement. Cooler Screens had sold the Deerfield, Illinois-based pharmacy chain on a pilot project with the innovative doors in 2018 before winning a nationwide contract, only to have Brewer change direction after she started as CEO in 2021, according to the complaint. “After visiting stores in which Smart Doors had been installed, Brewer decided that she did not like the way they looked, purportedly comparing the screens to ‘Vegas’ in a derogatory way,” lawyers for Wasson and his partners wrote. They alleged that Walgreens fabricated reasons to terminate the contract, including by citing safety defects with the Smart Doors that didn’t really exist. Cooler Screens said it spent $45 million making and installing doors in the first 700 stores, $88 million on doors that haven’t been installed, and more than $100 million on third-party vendors. “We are disappointed that Cooler Screens is falsely claiming that anything other than their failure to perform was the basis for the termination of our contractual relationship,” Walgreens said in its statement. Walgreens customers gave the doors mixed reviews, according to media accounts. Cooler Screens said in a statement that “third-party consumer surveys taken earlier this year show that 79% of respondents reported that in-store digital advertising positively impacted their shopping experience, while only 6% said it had a negative effect.” In 2014, Wasson announced his retirement from Walgreens as CEO and president amid a management shakeup as the company was merging with European retailer Alliance Boots GmbH. The case is Cooler Screens Inc. v. Walgreens Co., 2023CH05474, Illinois Circuit Court, Cook County (Chicago). (Updates with Walgreens statement.).....»»
Duckhorn Portfolio: Q3 Earnings Insights
Duckhorn Portfolio (NYSE:NAPA) reported its Q3 earnings results on Thursday, June 8, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Duckhorn Portfolio beat estimated earnings by 33.33%, reporting an EPS of $0.16 versus an ...Full story available on Benzinga.com.....»»
Vivos Therapeutics: Q1 Earnings Insights
Vivos Therapeutics (NASDAQ:VVOS) reported its Q1 earnings results on Thursday, June 8, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Vivos Therapeutics beat estimated earnings by 61.11%, reporting an EPS of $-0.07 versus an ...Full story available on Benzinga.com.....»»
Braze: Q1 Earnings Insights
Braze (NASDAQ:BRZE) reported its Q1 earnings results on Thursday, June 8, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Braze beat estimated earnings by 27.78%, reporting an EPS of $-0.13 versus an ...Full story available on Benzinga.com.....»»
Why DocuSign Stock Is Surging After Hours
DocuSign Inc (NASDAQ: DOCU) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected quarterly results. What Happened: DocuSign said first-quarter revenue increased 12% year-over-year to $661.39 million, which beat the consensus estimate of $641.8 million, according to Benzinga Pro. The company reported adjusted earnings of 72 cents per share, which beat estimates of 56 cents per share. Billings were up 10% year-over-year. Gross ...Full story available on Benzinga.com.....»»
Here"s How Much $100 Invested In American Express 15 Years Ago Would Be Worth Today
American Express (NYSE:AXP) has outperformed the market over the past 15 years by 1.42% on an annualized basis producing an average annual return of 9.37%. Currently, American Express has a market capitalization of $127.20 billion. Buying $100 In AXP: If ...Full story available on Benzinga.com.....»»
Why Planet Labs Stock Is Plummeting After Hours
Planet Labs (NYSE: PL) shares are diving after the close Thursday on the heels of the company's first-quarter results. Investors appear to be gravitating toward the company's weaker-than-expected forecast. Q1 Revenue: $52.7 million missed estimates of $52.91 million Q1 EPS: loss of 13 cents beat estimates for a loss of 15 cents Revenues were up 31% year-over-year. Gross margin came in at 53% versus 41% in the same period last year. The company's customer count grew ...Full story available on Benzinga.com.....»»
Here"s How Much You Would Have Made Owning Estee Lauder Cos Stock In The Last 15 Years
Estee Lauder Cos (NYSE:EL) has outperformed the market over the past 15 years by 6.34% on an annualized basis producing an average annual return of 14.29%. Currently, Estee Lauder Cos has a market capitalization of $64.74 billion. Buying $1000 In EL: ...Full story available on Benzinga.com.....»»
It Is Not Too Late To "Git" On Board With GitLab
Unsurprisingly, GitLab (NASDAQ: GTLB) posted a solid quarter and guided the market higher. The company has been gaining traction, and results from MongoDB (NASDAQ: MDB) foreshadowed the news. MongoDB said that it was well-positioned to benefit from the rise of AI because of its developer tools, including interoperability with Gitlab. What is surprising is that GitLab's shares surged 30% in premarket trading. The move was largely driven by short-covering, and short sellers may continue influencing the market. The takeaway is that GitLab shares have finally hit bottom, and the time to "git" on board will be soon at hand. With an addressable market of $40 billion and GitLab with less than $0.5 billion in annual revenue, inventors have quite an opportunity. "With AI revolutionizing how companies develop, secure, and operate software, we believe GitLab is positioned as the leading AI-powered DevSecOps platform," said Sid Sijbrandij, GitLab CEO and Co-Founder. "Today, we deliver more AI-powered capabilities to customers than any other DevSecOps platform. GitLab Raises The Roof For Revenue And Earnings GitLab had a strong quarter with revenue of $126.88 million, growing 45.2% compared to last year and outpacing consensus by 760 basis points. The gains were driven ...Full story available on Benzinga.com.....»»
Is Frontline"s 20% Dividend Too Good To Be True?
The Cyprus-based tanker firm Frontline (NYSE: FRO), on May 31, posted stellar earnings of $0.90 per share and declared a $0.70 dividend. Given the company's stock price of $13.70, this makes for a mouth-watering annualized yield of over 20%. But the question arises, can this be sustained? Frontline: A Quick Primer on the Tanker Market Operating within the crude oil tanker industry, Frontline's fleet comprises 66 vessels utilized for transporting crude oil and refined oil products. The company's revenue stems from a daily rate charged to customers needing to transport oil from one port to another. The operation of tankers incurs mostly fixed costs. Profits surge when the daily charter rate outweighs the fixed operating expenses, yielding substantial free cash flow. This high degree of operating leverage works wonders within favorable market conditions, flooding firms with cash. Conversely, faced with dwindling oil demand or an oversupply of tankers, many firms cannot bear the fixed costs of operating their fleet, often going bankrupt or being taken over. Each incremental increase flows almost directly to free cash flow. But the same math works against companies like Frontline on the downside. If tanker rates crash, ...Full story available on Benzinga.com.....»»
Xtract One Releases Third Quarter Fiscal 2023 Financial Results
TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX:XTRA) (OTCQX:XTRAF) (FRANKFURT: 0PL) ("Xtract One" or the "Company") a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, is pleased to announce its third quarter results for the three and nine month periods ended April 30, 2023. All information is in Canadian dollars unless otherwise indicated. The following press release should be read in conjunction with the Company's Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards ("IFRS") and the Company's Management's Discussion and Analysis for the periods ended April 30, 2023 and 2022, which can be found under the Company's profile on SEDAR at www.sedar.com. "I am pleased to share with investors that we are experiencing a record year for sales activity. The bookings generated by the Platform operating segment was a 792% increase compared to the same period last year," stated Peter Evans, Chief Executive Officer of Xtract One. "In the last three months alone, we have more than doubled the total contract value of signed agreements in the current year, and I am pleased with the pace at which our SmartGateway solution is gaining traction in the marketplace. The demand for our products is significant and we are only scratching the surface of the total addressable market. As we execute on our business strategy, we continue to balance scaling the business efficiently while focusing on keeping customers highly satisfied." Company highlights for the fiscal quarter ended April 30, 2023 The following is a summary of the key business highlights for the fiscal quarter ended April 30, 2023: Total contract value ("TCV") of new bookings1 was $9.8 million as of April 30, 2023 which is an increase of 792% compared to the same balance as of April 30, 2022. Almost $5.6 million of TCV was signed during the three months ended April 30, 2023, representing a record quarter for the Company; Platform contractual backlog was $3.1 million as of April 30, 2023, as compared with $1.2 million as of April 30, 2022, representing an increase of 160%. The Platform backlog as of April 30, 2023, excludes an additional $7.9 million in signed agreements that are pending installation1 representing an increase of $6.3 million over last year and an increase of $4.9 million from the previous quarter; Accelerated topline growth for our Platform operating segment with approximately $0.8 million in revenue for the three months ended April 30, 2023, representing an 841% increase over the same period in 2022 as we begin to see traction in our subscription revenue; Completed a strategic investment of $13.4 million from Madison Square Garden Sports Corp. to fund continued innovation and support accelerated growth in revenue; Entered into a commercial agreement with Sphere Entertainment Co. (formerly Madison Square Garden Entertainment Corp.), which allows Sphere Entertainment Co. and its affiliate Madison Square Garden Entertainment Corp. ("MSG Entertainment") (formerly MSGE Spinco, Inc.) to deploy SmartGateway solutions across the Sphere in Las Vegas, which is expected to open in September 2023, and MSG Entertainment's portfolio of iconic venues, including New York's Madison Square Garden, The Theater at Madison Square Garden, Radio ...Full story available on Benzinga.com.....»»
Cango Inc. Reports First Quarter 2023 Unaudited Financial Results
Cango Inc. Reports First Quarter 2023 Unaudited Financial Results.....»»
Here"s How Much You Would Have Made Owning EOG Resources Stock In The Last 20 Years
EOG Resources (NYSE:EOG) has outperformed the market over the past 20 years by 5.34% on an annualized basis producing an average annual return of 12.8%. Currently, EOG Resources has a market capitalization of $67.93 billion. Buying $100 In EOG: If ...Full story available on Benzinga.com.....»»
Foreign investors have been dumping vast amounts of Chinese assets, and putting money there will only get riskier
"Putting money in China is going to become riskier, and de-risking is only going to become more commonplace." Chinese President Xi Jinping attends a meeting at the United Nations European headquarters in Geneva, Switzerland, January 18, 2017.REUTERS/Denis Balibouse Foreign investors have been selling Chinese securities for the last two years, the Atlantic Council said. President Xi Jinping's policies and growing geopolitical tensions have helped spur the retreat. "Putting money in China is going to become riskier, and de-risking is only going to become more commonplace." China's disappointing economic performance recently has been a letdown for foreign investors, but they have retreating from Chinese markets for the last two years, according to a report from the Atlantic Council.Talk of "de-risking" from China has been trendy lately, especially as geopolitical tensions grow and the economy's post-COVID rebound has started to lose momentum."But foreign fund managers have already stolen a march on the policy: They've been selling vast amounts of securities over the past two years in response to Chinese leader Xi Jinping's policies and mounting US-China tensions," wrote Jeremy Mark, a senior fellow with the Atlantic Council's Geoeconomics Center.In fact, international institutional investors have sold a net $148 billion of China's bonds since early 2022, and Chinese stocks have seen sharp declines, especially on exchanges in New York and Hong Kong, he said.Separate reports have also shown that foreign investors are selling Chinese stocks at a faster pace. And a former IMF official predicted China's economy is likely headed for a so-called lost decade.Mark said that this shift in market sentiment underscores how de-risking is as much about the bottom line as it is about diplomacy."And it does not bode well for China amid growing anxiety about the country's economic prospects," he added.In addition to China's weak rebound from zero-COVID policies, Mark listed long-term structural challenges the economy faces, including a rapidly aging workforce, weak productivity, worsening inequality, and a massive property crisis.To be sure, China doesn't need foreign capital as much as it did a generation ago, but investors' reluctance to "will reverberate through the economy over time," he warned.Fund managers are worried about Beijing's regulatory crackdown on companies, including Western firms, Mark said. "The bottom line for many foreign fund managers is that the risk of investing in Chinese securities has soared over the past year and the returns have not kept up," he said, adding that many large institutions have stopped buying Chinese assets completely and are shifting capital to places like India. Meanwhile, the US is applying measures to counter China's ability to develop sensitive technology, and China is limiting its companies from launching offshore IPOs. Mark acknowledged Chinese efforts to bring back some overseas investment, but foreign capital flows are set to keep declining, especially with new US restrictions on the horizon. Already, private equity investments in China led by Americans fell 76% last year."Combined with recent Biden administration restrictions on sales to China of advanced semiconductors and cutting-edge chip-making gear, the message to all classes of investors will be clear: Putting money in China is going to become riskier, and de-risking is only going to become more commonplace," he concluded.Read the original article on Business Insider.....»»
Having more pythons in Florida is actually increasing the rat population because they"re killing the other predators, scientists warn
Burmese pythons are feasting on foxes and bobcats in Florida, leaving few predators left to contain its rat population, which is now exploding. Cotton rats can carry nasty diseases that can infect humans.Jeremy Woodhouse/Getty Images Burmese pythons are killing off mammals that would normally keep Florida's rat population in check. As a result, parts of the Florida Everglades are becoming overrun with rodents, a new study found. It may be good news for the cotton rats, but it could spell serious danger for humans. Florida's Burmese pythons have been known to prey on birds, reptiles, deer, and even alligators. But one thing they don't seem to have a taste for is cotton rats.And the rats are thriving because of it.So much so, scientists warn that cotton rats "now dominate the community" in parts of the Florida Everglades where pythons are prevalent, wildlife ecologist Robert McCleery told LiveScience.McCleery and a team of colleagues measured this unusual relationship between python prevalence and cotton rat population in a new study published in the Journal of Mammology.Pythons are helping cotton rats take overFor the study, McCleery and colleagues tracked 115 rats, via radio transmitters they attached, in both regions with high and low python populations.They found that death rates for cotton rats were about the same in both regions. And the pythons themselves were only responsible for about 12% of rat deaths.Instead, what was killing and consuming most of the rats were the usual suspects: birds of prey, mammals, and other reptiles. The plot twist here is that pythons are snacking on the same animals that enjoy cotton-rat dinners.As a result, the number of predators cotton rats face is declining and will likely continue to do so if Florida's invasive python problem persists, the scientists warn.Florida has a serious invasive python problemA Burmese python sits in the grass at Everglades Holiday Park in Fort Lauderdale, Florida on April 25, 2019.Rhona Wise/AFP via Getty ImagesBurmese pythons aren't native to Florida, they're actually native to southeast Asia.They became pests in Florida when people brought them overseas during the exotic pet trade industry in the 1980s and then later released them into the wild. The snake's numbers have been steadily growing ever since.It's gotten so bad that Florida holds an annual Python challenge that awards thousands of dollars and cash prizes to people who can catch and humanely kill the most pythons.Florida's python infestation has thrown Florida's delicate ecosystems off balance and led to severe declines in mammalian populations, including raccoons, opossums, bobcats, foxes, and cottontail and marsh rabbits.The snakes "are one of the most concerning invasive species in Everglades National Park," the US Geological Survey said.And McCleery and his team are seeing the rippling effects cascade down the food chain.Without predators like foxes to hunt cotton rats, this "helps explain why mammal communities in python-invaded portions of the Greater Everglades Ecosystem are increasingly dominated by cotton rats and other rodents," the researchers reported in the study.Cotton rats carry concerning diseasesWhile all of this seems like good news for Florida rodents, it could spell bad news for residents, because rats are notorious for carrying nasty diseases that can infect humans.Let's say a mosquito bites an infected cotton rat and then later feasts on your blood — you could become infected. And the diseases that cotton rats can carry are no fun. They include hantaviruses and the Everglades virus.Read the original article on Business Insider.....»»
Stephen Colbert gave ousted CNN chief Chris Licht a hilarious on-air tribute a year before CNN fired him
Chris Licht was treated to a hilarious and heartfelt tribute from "The Late Show with Stephen Colbert," which he left to become CNN's new CEO. Licht abruptly left CNN this week. The Late Show host Stephen Colbert and the show's then-showrunner Chris Licht pose with their awards at the Primetime Emmy Awards in 2021 in Los Angeles.Rich Fury/Getty Images Before Chris Licht became CEO of CNN, he was the showrunner for "The Late Show with Stephen Colbert" on CBS. Licht lost his job this week after a disastrous profile in The Atlantic made him seem clueless and aloof. But when he left Colbert's show, the late-night host gave Licht a heartfelt and emotional send-off. Chris Licht will always have his Colbert send-off.It was just over a year ago that Licht was treated to a hilarious and heartfelt goodbye from "The Late Show with Stephen Colbert."Then the show's executive producer and showrunner, Licht had just gotten his big break as CNN's chief executive — a job he abruptly lost this week after a disastrous Atlantic magazine profile detonated a wave of resentment among the network's staff and leadership.But in happier times, Colbert teased his departing producer for his "strange loyalty to the folks at unTucked" and "your air maraca white boy frat shuffle" in an eight-minute segment that was both silly and poignant. "There are bosses, and then there are leaders," Colbert said, as Licht listened from the wings. "Bosses tell you what to do. Leaders work as hard as you do to do what needs to be done. And that is why he earned the respect of all of us here who live in the clown car.""And I'm happy that CNN will now benefit from all of his wisdom."Licht had been credited with nudging the CBS show into first place — blowing Colbert past Jimmy Fallon's "Tonight Show" to take the late-night crown. That success, along with Licht's previous work launching "Morning Joe" and relaunching "CBS This Morning," ended up being the credential that convinced David Zaslav, the head of CNN's new parent company Warner Bros. Discovery, to choose him as Jeff Zucker's replacement in February 2022. Colbert's sendoff presented a much more sympathetic portrait of Licht than The Atlantic did."I wasn't sure whether I would like him, if we would become friends," Colbert said of their first meeting, over drinks, six years earlier. But Licht had approached the new partnership without arrogance, he said. Stephen Colbert and Chris Licht during the February 28, 2022 show.Scott Kowalchyk/CBS via Getty Images"He arrived knowing what he didn't know, which is anything about comedy or show business. He approached the job with a level of humility that is rare in executives," Colbert said. "Six years later, I love you," Colbert said. The camera then pans to Licht, who puts his hand over his heart in thanks. The segment ends with Licht being serenaded by a character named "Shriekin' Joe, American dumbass." Colbert and Licht then embrace to the music from Bette Midler's "Wind Beneath my Wings."The Atlantic profile, by reporter Tim Alberta, portrayed Licht as arrogant and aloof, bragging about shedding pounds by pumping iron (without mentioning his reported use of the weight-loss drug Ozempic) and ignoring staffers at the CNN holiday party while reading news stories about himself on his phone."The Late Show" has been off the air since the Writers Guild of America began a strike in May and Colbert hasn't commented publicly about Licht's firing. For a profile of Licht that appeared late last year, Colbert told The New York Times Magazine that the two spoke every Friday and that Colbert always began the conversation by saying: "I told you so."You can watch the segment here: Read the original article on Business Insider.....»»
The lawyer who used ChatGPT"s fake legal cases in court said he was "duped" by the AI, but a judge questioned how he didn"t spot the "legal gibberish"
A lawyer who used ChatGPT to help write a legal filing said he was "duped" after it turned out the AI made up fake legal cases, Inner City Press reported. A lawyer who used ChatGPT to help write a legal filing said he was "duped" after it was revealed the AI made up fake legal cases to back his argument.NurPhoto / Contributor / Getty Images A lawyer used ChatGPT to help search for legal cases to write an affidavit backing his lawsuit. The AI hallucinated six fake cases, per a federal judge, which the lawyer included in the filing. At a sanctions hearing, the judge admonished the the lawyer for being fooled by "legal gibberish." The lawyer who used ChatGPT to help write up an affidavit — and didn't realize the AI had completely made up fake legal cases to cite — said he was "duped" by the tool during a sanctions hearing before a New York judge on Thursday, Inner City Press reported.But the judge in the hearing pressed the lawyer, questioning how the lawyer missed the fakes and saying ChatGPT's fabricated ramblings were "legal gibberish," journalist Matthew Russell Lee reported for his nonprofit outlet."Chat GPT wasn't supplementing your research - it was your research, right?" US District Court Judge P. Kevin Castel asked lawyer Steven Schwartz of personal injury law firm Levidow, Levidow & Oberman, according to Inner City Press.The affidavit used by Schwartz and colleague Peter LoDuca was for a lawsuit from a man who alleged he was hurt by a serving cart on a flight. The court filing included six court cases that were "bogus judicial decisions with bogus quotes and bogus internal citations," Castel wrote in a previous court order.A receptionist who picked up the phone at Levidow, Levidow & Oberman late Thursday said the lawyers were out of the office. They couldn't be immediately reached for comment.At the sanctions hearing over the mishap, Castel pressed Schwartz, Inner City Press reported."You say you verify cases," Castel said, according to Inner City Press "I, I, I thought there were cases that could not be found on Google," Schwartz replied, according to the outlet."Six cases, none found on Google. This non-existent case, Varghese, the excerpt you had was inconsistent, even on the first page," Castel said, the outlet reported. "Can we agree that's legal gibberish?"Schwartz responded that he thought ChatGPT's output was "excerpts," Inner City Press reported.Another lawyer at the firm, Peter LoDuca, is also facing sanctions, though he said in court that he didn't do the research that was used in the affidavit."I have worked with Mr. Schwartz for 27 years," LoDuca said in court, Inner City Press reported. "I should have been more skeptical. I can't go back and change what was done. This will never happen again."The hearing adjourned without Castel making a decision on possible sanctions for the lawyers.Read the original article on Business Insider.....»»
Russian forces battling Ukraine"s assault are discovering a nasty danger behind them, courtesy of the US
Ukraine is firing a US-made artillery round to lay traps behind Russian forces that could become devastating should Russia be forced into retreat. A M109A6 Paladin 155mm self-propelled howitzer stands camouflaged on a Ukrainian position on May 18, 2023 in Donetsk Oblast, Ukraine. It can fire the Remote Anti-Armor Mine System shell.Serhii Mykhalchuk/Getty Images Ukraine is firing an artillery shell that lays mines built to destroy tanks. The US has sent Ukraine over 10,000 of these rounds along with the 155mm howitzers that fire them. These mine-laying artillery shells are designed to force desperate choices. The Russian troops defending the front lines against Ukraine's advance are discovering a danger lurking behind them, and it's one that threatens to make their positions more precarious.The danger comes from an artillery round being fired over their heads."THE ENEMY IS REMOTELY MINING OUR REAR, ROUTES OF SUPPLY OF AMMUNITION AND RESERVES," wrote Alexander Sladkov, a prominent pro-Russian milblogger, in a Thursday Telegram post. Sladkov wrote that Ukraine is firing the Remote Anti-Armor Mine System (RAAMS), a US-made artillery round that lays anti-tank mines in flight. The US has sent Ukraine over 10,000 of these rounds along with the 155mm howitzers that fire them out to a range of nearly 11 miles.The mine-laying artillery shell is designed to force desperate choices. Vehicles must run a gauntlet laid with mines to deliver fresh troops, ammunition, fuel, and food to front-line positions. It also can be used to set traps along escape routes for forces on the front lines.The mines self-destruct at certain times depending on the variant, some in under 24 hours and some more than a day later. Sladkov suggested these munitions, which Ukraine was first observed using in December, could be countered or defeated"These mines self-destruct after 4 hours, the M73 variant - after 48 hours," he wrote. "Engineering reconnaissance (sappers checking routes) easily cope with them." Whether it's as easy as this pro-Russian voice argues is debatable as this community has a tendency to downplay threats while overselling Russian capabilities.The dangers for Russia are multiplying. Ukraine's counteroffensive appears to be underway, and Kyiv's forces are attacking Russia's positions with Western-made tanks, infantry fighting vehicles, artillery, and other weapon systems that could force them into a retreat along paths that might be mined.Read the original article on Business Insider.....»»
Ulu chip company opens first brick-and-mortar location
Ulu Mana, an Oahu-based company selling chips made from breadfruit as well as hummus, opened its first brick-and-mortar store in Honolulu last week......»»
This is the role Armando Martinez Cantu plays in Intel"s Rio Rancho growth
A program manager supporting the massive expansions of the Rio Rancho facility, he also hopes to attend the University of New Mexico Anderson School of Management to earn a master’s degree in project management......»»
PacifiCorp wildfire lawsuit goes to jury
Victims allege PacifiCorp was negligent and responsible for the devastation caused by four of the Labor Day 2020 fires that struck Oregon......»»
Royalty Spirits opens as a bar space for "more mature" Portlanders
Owner Chaunci King said she hopes Royalty Spirits’ space can act as an anchor and events space for Portland’s more mature bar crowd......»»
Valley Capital Partners plants a general partner in Pittsburgh seeking deals
Mitchell Kokko of Palo Alto VC firm relocates to Pittsburgh, Valley Capital likes to lead seed and Series A rounds, typically invests $3M to $7M......»»
Meta has seen some "incredible breakthroughs" in AI, CEO Mark Zuckerberg said
The social media giant plans to widely roll out AI technologies, including in Instagram, WhatsApp and Messenger, company officials say......»»
Nvidia, Salesforce, Oracle among investors in Canadian AI startup Cohere
Cohere, a rival to San Francisco-based OpenAI LLC, now has the backing of some big Bay Area tech companies......»»
New St. Louis animation studio Composition Media lands "multimillion-dollar" deal to produce anime-style series
The deal partners a Black-owned studio with a Black-owned comics publisher to produce a series designed to celebrate African heritage......»»
Business of Pride: Oakland restaurant Lion Dance gets an unexpected Michelin honor
A listing in Michelin's California guide is helping put Lion Dance on the map......»»
Christofer Co., Gafcon propose 330-room hotel attached to the SAFE Credit Union Convention Center
A long-discussed hotel attached to the SAFE Credit Union Convention Center could finally be moving forward......»»
: Moody’s revises outlook on Coinbase to negative after SEC lawsuit
Moody’s on Thursday changed its outlook on crypto exchange Coinbase Global Inc. COIN to “negative” from “stable” after the SEC this week charged the company with running an unregistered securities exchange. “The change in outlook to negative from stable reflects the uncertain magnitude of impact the SEC’s charges will have on Coinbase’s business model and cash flows,” Moody’s said in a statement. The credit-rating firm said it affirmed other ratings on Coinbase’s debt, citing strong liquidity and cash-flow improvements as the exchange tightens up its expenses. Shares of Coinbase were down 0.5% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter......»»
Can Binance Survive the SEC"s Charges?
Can Binance Survive the SEC"s Charges?.....»»
Solana Foundation: SOL is "Not a Security"
SOL, the native token of the Solana blockchain, was declared an unregistered security in this week’s SEC lawsuits against crypto exchanges Binance.US and Coinbase......»»
NFT Inspect Introduces New PFP Discovery Tool for Twitter
The recently-resurrected NFT analysis platform has a new Chrome browser extension that provides real-time data on Twitter PFPs......»»
Tesla And General Motors Shares Are Popping After Hours: What"s Going On?
General Motors Co (NYSE: GM) and Tesla Inc (NASDAQ: TSLA) shares are trading higher in Thursday's after-hours session after the read more.....»»
Where Crinetics Pharmaceuticals Stands With Analysts
Latest Ratings for CRNX DateFirmActionFromTo Nov 2021JMP SecuritiesInitiates Coverage OnMarket Outperform Nov 2021Evercore ISI GroupInitiates Coverage OnOutperform Nov 2021HC Wainwright & Co.MaintainsBuy View More Analyst Ratings for CRNX View the Latest Analyst Ratings read more.....»»
This Cannabis REIT Giant Faces Accusations Of Forgery And Running A Ponzi Scheme
Franco DeBlasio, on behalf of Gerich Melenth Nin LP, filed a derivative complaint for the benefit of Innovative Industrial Properties, Inc. (NYSE: IIPR), against certain members of its board of directors and certain of its executive officers, seeking to remed read more.....»»
Is The Mega-Cap Run Over? Mid-Cap Stocks Look To Extend Gains And Stock Market Cycles
The Russell 2000, tracked by iShares Russell 2000 ETF (ARCA: IWM), was consolidating on Thursday after rising 1.59% on Wednesday amid a strong month, which has seen the index spike more than lar read more.....»»
Here"s Everything You Need To Know About The Xbox Games Showcase
The highly anticipated Xbox Games Showcase is just around the corner, leaving gamers worldwide eagerly awaiting the event. read more.....»»