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Headliners Week of 1/10 – 1/15

Headliners Week of 1/10 – 1/15.....»»

Category: realestateSource: rismediaJan 14th, 2022

"Spider-Man: No Way Home" Silences "Scream" To Retake Top Spot At Box Office

One week after losing the berth as the nation’s top grossing weekend box office hit to “Scream,” “Spider-Man: No Way Home” took back the leadership role as the most popular film among American moviegoers. read more.....»»

Category: blogSource: benzinga16 hr. 34 min. ago

Sunday links: expert intuition

MarketsMarket-related Google searches are on the rise. (visualcapitalist.com)How Netlifx ($NFLX) explains the market over the past couple of years. (theirrelevantinvestor.com)Don't overthink it when looking at historical financial market returns. (awealthofcommonsense.com)StrategyTen rules for dealing with a market correction including 'Find something else to focus on.' (thereformedbroker.com)Why paranoid investors tend to survive. (collaborativefund.com)The problem with calling for a market crash. (pragcap.com)Piggybacking on other investor ideas comes with its own problem. (rationalwalk.com)FinanceThe unwinding is going to take its toll on startup valuations. (500ish.com)In a down market, private equity turns back to the debt market. (ft.com)PolicyBig states are sitting on big budget surpluses. (wsj.com)The problem of racial wealth inequality in the U.S. is long standing. (thereformedbroker.com)On the economic after-effects of pandemics. (ritholtz.com)Disability payments have funded the increase in people out of the work force. (wsj.com)How health insurance coverage for children helps mothers. (papers.ssrn.com)EconomyWhy the labor economy is so tight. (wsj.com)Is the Fed making a (big) policy mistake? (ryanavent.substack.com)The economic schedule for the coming week. (calculatedriskblog.com)Earlier on Abnormal ReturnsTop clicks this week on the site. (abnormalreturns.com)What you missed in our Saturday linkfest. (abnormalreturns.com)Coronavirus links: not game over. (abnormalreturns.com)Learning from your money mistakes. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaWhy Wordle is different. (annehelen.substack.com)More content keeps going behind the paywall. (axios.com)Seth Godin, "Sorting adds value." (seths.blog).....»»

Category: blogSource: abnormalreturns18 hr. 34 min. ago

The Week Ahead In Biotech (Jan 23-29): Roche, Azurity FDA Decisions, J&J, Vertex Earnings, Samsara Vision IPO And More

Biotech stocks pulled back yet again during the week ending Jan. 21, with the sector retreating along with the broader market. The news flow tapered off following the frenetic pace of the week that encompassed the JPM Healthcare conference. read more.....»»

Category: blogSource: benzinga18 hr. 34 min. ago

A former Hollywood ad producer who now lives on Airbnb shares her top tips for long-term travel and nomadic living

After the death of her father, Denise Netzley used her inheritance to move out of Los Angeles and spend six months living in Mexico and South Africa. Denise Netzley embracing nomadic living.Denise Netzley Airbnb is seeing users book longer stays, with 20% of nights booked for a month or more. One long-term traveller told Insider she has been living on Airbnb for the past six months. Although she's funding the trip with an inheritance, her monthly costs are comparable to her former rent. The decision came — as life-changing ones tend to do — in the middle of the night.It was January of last year and Denise Netzley said she had been thinking for several weeks about moving out of her apartment in Los Angeles and living for the foreseeable future on Airbnb."I woke up," she told Insider, "and I was just like, 'Yeah, I'm doing this, 100% I'm doing this.'"The following morning she started getting rid of what belongings she could, moved the rest into storage, and made reservations on Airbnb.At 59 years old, Netzley had some savings from a career producing ads for Hollywood films, followed by a personal assistant business that was winding down. She also received an inheritance following the death of her father three years ago, which she said made the whole plan possible.Denise NetzleyDenise NetzleyIn becoming a full-time Airbnb guest, Netzley was joining a growing set of power users who are booking longer and longer reservations on the platform.Company data show that roughly a fifth of nights booked were for stays longer than a month, CEO Brian Chesky said in a recent Twitter thread in which he announced that he too is now "living on Airbnb."The first reservation Netzley made was the one where she's currently living — in her father's birthplace of Kansas City, Missouri. From there she worked backwards, filling in the months with stays in Mexico and South Africa.In making the reservations, Netzley discovered by accident that some hosts offer discounts ranging from 15% to 50% when a reservation passes a certain length.In May of last year, Netzley handed over the keys to her LA apartment and departed for a six-week stay in Playa Del Carmen, Mexico."The first few days there I was completely overwhelmed, a fish out of water," she said. "But after the first week I got the lay of the land and I got comfortable enough to rent a car and start taking these day trips to different places, like Tulum."Denise Netzley in South Africa.Denise NetzleyNetzley's advice to similarly out-of-water fish is simple: "Sit at the bar in any restaurant when you go, people are going to be more inclined to be conversational. The bartender is going to help make connections. I just always sit at the bar almost anywhere I go."She spent August in a Kansas City neighborhood that she was considering to live post-travel before jetting off to Cape Town where a condo in a ten-unit building became her two-month base-camp for shorter jaunts around Africa."I found that I like having a home base," she said. "I just love the idea that I didn't have to schlep everything. I could just take a small bag and leave my stuff."Netzley added that she was able to get by with bringing about half the amount of stuff to Africa that she had brought with her to Mexico.And although she wasn't keeping a close eye on her budget, the purchasing power of the US dollar overseas meant that she was effectively living at a similar or lower monthly cost to what she would have paid in rent and expenses had she simply stayed in LA.On her way back to the US in December, she passed through Uganda and went on a gorilla trek that she said was the "absolute pinnacle" of the six-month journey.Now back in Kansas City at the same Airbnb host she stayed with in August, Netzley says she's "at a crossroads" trying to determine how she can continue to support her future travels, including launching a new business idea.Before she had set out in the first place, she had decided not to become attached to the inheritance money from her father, and now she's determined not to let this new business take over too much of her life."I've discovered in this travel — and in this year — that there's so much joy out there," Netzley said." I would never give up that for money, ever."Read the original article on Business Insider.....»»

Category: worldSource: nyt18 hr. 50 min. ago

American Megabanks Including Citi & JPM Order Workers Back To The Office In London & NYC

American Megabanks Including Citi & JPM Order Workers Back To The Office In London & NYC In the latest sign that the "elites" have finally had enough of pretending to care about COVID safety precautions, two American megabanks announced on Friday new plans to recall workers to the office. First, Citigroup (which unveiled a draconian vax mandate earlier this month with a deadline of compliance that has already passed) emailed a notice to staffers in the Greater NYC area asking them to start preparing to return to the office. It even set a preliminary date of Monday, Feb. 7 as the new 'first day back' for offices in NY, NJ & CT. Citi has said it plans to continue to closely monitor local health data wherever it has offices across the US. Meanwhile, across the pond, the bank has asked its London staff to report to their office desks at least three days a week once the British government has finally decreed that Britons no longer need to work from home, according to Bloomberg. For the record, the NYC-based bank asked its workers to revert to working from home at the start of the year as the US CDC's case numbers soared. Citigroup has long said it will embrace remote work even after the pandemic subsides, and that the majority of its workers will be able to work from home some times - although they will still need to report to the office, too. JP Morgan, meanwhile, has joined "a flurry of banks" telling staffers to get ready to head back into their offices in London once PM Boris Johnson finishes rolling back "Plan B" COVID restrictions - including COVID-19 passes, mask mandates, and work-from-home requirements - in England. JPM, which just revealed that it's hiking the pay of Chairman/CEO Jamie Dimon, told staff in a memo (a copy of which was seen by Bloomberg) on Friday that it expects them to work "at least some days in the office every week" starting Feb. 1. The firm strongly encouraged staff to get vaccinated, but said that it isn't a requirement to enter the building (unlike its buildings in Manhattan). While at least one "expert" quoted by BBG said staffers might be "reluctant" to return, others - including some of the bank's traders - never actually left. While key workers including some traders have never left the office, many staff have been working remotely since the U.K. government introduced guidance to do so in December when the omicron variant was spreading rapidly. That was unwound on Wednesday and rules mandating people wear face masks in shops and on public transport will be dropped from Jan. 27. […] That may be easier said than done. Allison English, deputy chief executive officer of workplace research firm Leesman, predicts that some employees will be reluctant to return. "After two years at home, readapting to the office and bringing back commuting is going to throw some people off kilter," she said in an interview. "Sudden change is difficult and that can have an impact on employees' well-being and pose operational challenges for employers.'" This is great news for the City of London, where shops, restaurants and other small businesses have suffered due to the area becoming like "a ghost town" for the past two years. But with DB, HSBC, Lloyds and practically every other bank operating in the City calling workers back to the office, establishments that had until recently seemed practically abandoned will likely be booming again. Tyler Durden Sun, 01/23/2022 - 09:55.....»»

Category: blogSource: zerohedge19 hr. 18 min. ago

What Does It Feel Like To Lose $25B In One Week? Ask Elon Musk

While investors in both traditional and the crypto markets are feeling some pain at the start of 2022, the biggest loser so far has been the world’s richest man Tesla Inc (NASDAQ: TESLA) CEO Elon Musk, who’s net worth dropped by 9% last week, a whopping $25.1 billion. read more.....»»

Category: blogSource: benzinga19 hr. 50 min. ago

A Tale Of Two Chip Stocks: Intel, Texas Instruments Get The Ball Rolling For Semiconductor Earnings

Intel Corporation (NASDAQ: INTC) and Texas Instruments Incorporated (NASDAQ: TXN) report quarterly results this week, marking the beginning of the big tech earnings season. Latest Ratings for INTC DateFirmActionFromTo Jan 2022CitigroupMaintainsNeutral Jan 2022KeybancDowngradesOverweightSector Weight Jan 2022Northland Capital MarketsUpgradesMarket PerformOutperform View More Analyst Ratings for INTC View the Latest Analyst Ratings read more.....»»

Category: blogSource: benzinga19 hr. 50 min. ago

Which Will Happen First, Bitcoin At $100K Or Dogecoin At $1? The Choice Is Clear

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. read more.....»»

Category: blogSource: benzinga19 hr. 50 min. ago

A Tale Of Two Chip Stocks: Intel, Texas Instruments Get The Ball Rolling For Semiconductor Earnings

Intel Corporation (NASDAQ: INTC) and Texas Instruments Incorporated (NASDAQ: TXN) report quarterly results this week, marking the beginning of the big tech earnings season. Texas Instruments is scheduled to report Tuesday after the close, and Intel will release its quarterly report the next day after the close. Here are Rosenblatt Securities' expectations concerning the first two big tech earnings to hit the wire. Intel to Report A Slight Beat Even as Challenges Remain:  Intel is likely to report a slight beat, driven by strong PC demand and a recovery in Enterprise & Government, analyst Hans Mosesmann said in a note. Sales and non-GAAP EPS are expected to come in above the consensus estimate of $18.4 billion and 91 cents, respectively. During the conference call, the analyst expects CEO Pat Gelsinger to discuss PC demand for 2022, industry-wide supply constraints and an update on the company's semiconductor fabrication plants (fabs), among other topics. Intel is likely to guide September quarter revenue and ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzinga20 hr. 50 min. ago

Elon Musk is set to give an update on future Tesla products. Here"s what to expect.

Musk will likely give an update on long-anticipated vehicles like the Cybertruck pickup, Roadster supercar, and Semi tractor-trailer. Tesla CEO Elon Musk unveiled the Cybertruck pickup in 2019. Now it could be in the works for 2023.FREDERIC J. BROWN/AFP via Getty Images Elon Musk said he will give an updated product roadmap on Tesla's next earnings call.  Tesla is set to report 2021 earnings on Wednesday.  Musk will probably discuss long-delayed vehicles like the Cybertruck pickup and Roadster supercar. Elon Musk sat out Tesla's last quarterly earnings call, but the CEO says he'll be back on Wednesday to give an update on the state of new vehicles coming down the pike. You can never be too certain what Musk will say — that's kind of his brand. But he'll likely speak on future Tesla models that have been in development for years but haven't yet materialized. After years of delays, Tesla fans, investors, and Wall Street analysts are all eager to learn when long-anticipated products like the Cybertruck pickup truck, the Semi truck, and the Roadster supercar will be rolling off of assembly lines. Wall Street analysts expect Tesla will post record revenue and profits for the fourth quarter of 2021, capping off the company's biggest year yet. Here's what to expect from Tesla's earnings call next week, and what we may learn more about from Musk: What Wall Street expectsAs far as the balance sheet is concerned, analysts polled by Bloomberg expect the company to post quarterly profits of $2.30 per share on revenues of $16.6 billion. That would be a big jump from the previous quarter's figures of $1.86 per share and $13.8 billion. CybertruckTesla Cybertruck and Cyberquad.Ringo H.W. Chiu/Associated PressEarlier in January, Tesla said it would start building the Cybertruck by the end of 2022 and start mass production in 2023. When the Cybertruck debuted in late 2019, Musk said it would enter production in 2021. There are some other details that need clearing up.Tesla recently scrubbed its website of Cybertruck pricing and model options. And Musk tweeted out that the pickup will initially be shipped with four motors, one more than he initially promised. How much the Cybertruck will cost and what sort of pickup buyers will receive is, at this point, up in the air.  What we do know is that Tesla intends to build the pickup at its upcoming plant near Austin, Texas. RoadsterTesla Roadster.TeslaTesla's first model was the Roadster, a sports car that sold for around $100,000 starting in 2008. The next-generation Roadster, unveiled in 2017, was supposed to ship to customers in 2020 as "the quickest car in the world." Those buyers — who have paid from $50,000 to $250,000 to reserve their electric supercar — will have to keep waiting.Musk recently said that Tesla should start pumping out Roadsters in 2023, "assuming 2022 is not mega drama." He's referring to the supply-chain tangles that have hobbled auto manufacturing since 2020.Tesla recently erased the supercar's pricing from its website. So once again, there's a lot we don't know.SemiTesla Semi truckTeslaTesla revealed the Roadster as a bonus during the debut of the Semi, a heavy-duty truck that the electric automaker also hasn't started mass producing yet. In October, Musk said he was optimistic that the Semi would go into production in 2023, four years behind schedule. Tesla has said it needs to shore up its supply of battery cells before it can start building the Semi in significant numbers. What else to expectElon Musk at Tesla Battery Day in 2020.TeslaThat's three models Tesla intends to start building in 2023. But there's probably even more on the way. Musk has mused about a cheaper, $25,000 vehicle along with a van for urban transit. We may also learn more about when Tesla's upcoming plants in Germany and Austin, Texas will start pumping out cars. Musk also could touch on Tesla's developments in autonomous driving, solar panels, and energy storage. And, since this is Musk we're talking about, it wouldn't be wrong to expect a curveball. Read the original article on Business Insider.....»»

Category: topSource: businessinsider20 hr. 50 min. ago

Image appears to show British F-35 recovered after crashing into the sea during takeoff

After the F-35B crashed during takeoff on November 17, it took the British military several weeks to find and recover the jet. An F-35B returns to HMS Queen Elizabeth, June 22, 2021.Royal Navy/LPhot Unaisi Luke A photo has emerged of what appears to be a British F-35B that ditched in the Mediterranean Sea in November. The aircraft was recovered in December, and it looks like it is still pretty much intact. But spending several weeks submerged in saltwater might have damaged the aircraft's systems beyond repair. An image, taken by an unknown photographer, showing the wreckage of the British F-35B that ditched in the Mediterranean Sea and was recovered by a chartered salvage ship, was leaked and started circulating online on January 21, 2022.As we already extensively reported, the aircraft crashed while taking off from the HMS Queen Elizabeth aircraft carrier on November 17, 2021, as it couldn't achieve enough speed to lift off reportedly because the engine ingested a "cheap plastic rain cover" or an air intake cover.The United Kingdom Ministry of Defence announced on December 7 the completion of the operations for the recovery of the aircraft, which happened with the support of the Italian Navy and US Navy. It took two weeks to locate the wreck and another week to bring it up, according to defence sources mentioned by British newspapers.The recovery effort was complicated by the location where the F-35 ditched, as it happened in open water with depths that can exceed, in some areas, over 3,000 meters (about 10,000 feet), and by rough sea conditions while the operations were taking place.British F-35B that crashed after take-off from HMS Queen Elizabeth during CSG21 seen here on deck of recovery vessel [986x1331]Looking at the photo, which shows the wreck upside down on the deck of the salvage ship as it was being transported to an unspecified port, it seems that the F-35B is still partly intact.Some panels are broken or missing, with the engine nozzle and vertical tail fins possibly broken too (they can't be seen clearly), but the airframe was not made in pieces by the crash.As the leaked video showed, the F-35 left the ski jump with a very low speed, so the impact forces on the surface of the sea were not enough to detach major sections of the airframe.This also confirms the official statements about all the wreckage being recovered and "no danger or compromise to sensitive equipment on the aircraft." Even if the chances of another country finding and exploiting any of the plane's remains were small, the UK MoD didn't want to take any chances for a good reason.An F-35 takes off from HMS Queen Elizabeth during training with the South Korean navy, September 2021.British Royal NavyNational Security Adviser Sir Stephen Lovegrove, as reported by the UK Defence Journal, told the Commons Defence Committee on Dec. 6, 2021:"The recovery of the flight data recorder and the wreckage are really vital for an accurate investigation to determine the causes of the crash. […] We are aware of Russian undersea capabilities, and you are quite right to identify them as being state of the art. The kinds of precautions and operations that we are undertaking at the moment are designed at least in part to ensure that the technology of the F-35B remains as confidential as you would like it to be. Those security aspects are very much at the top of our mind. My understanding is that the experts know where the aircraft is."It is worth noting, however, that while the aircraft might appear somehow intact, the damage done by salt water while the aircraft was submerged for weeks might have made unusable most of the aircraft's systems, reducing the risks of adversaries gathering useful data in the hypothetical event they managed to get to the wreck before the Royal Navy.The lost F-35B was identified as ZM152, with modex 018 and construction number BK18, and the leaked photo appears to confirm this, as the serial can be seen near the tail despite the quality of the image. The aircraft was reportedly one of the most recently delivered British F-35B, with its first flight reported in June 2019. The same info was also found in the F-35 aircraft database hosted by the website F-16.net.The photo was initially posted on Twitter by few users who later removed it claiming that they were not involved in taking the photo in the first place nor being the first to leak it online. The photo is however still being shared on Reddit, Facebook and other socials. The fact that many users later deleted the photo might be related to the consequences of the leak of the crash video, which led a male crew member of HMS Queen Elizabeth's ship company to be arrested.Read the original article on Business Insider.....»»

Category: topSource: businessinsider20 hr. 50 min. ago

Behind the scenes at elite law firm Boies Schiller, which has shrunk by half after an attorney exodus

In this edition of Insider Weekly: Behind the scenes at Boies Schiller, leaked Peloton audio, Nike's success, and Amazon attrition. Welcome back to Insider Weekly! I'm Matt Turner, editor in chief of business at Insider.David Boies is a legendary trial lawyer and cofounder of the elite law firm Boies Schiller Flexner. As the firm sustained an exodus of talent, going from a peak of 350 attorneys to about 175 today, many were quick to blame Boies' work with the likes of Harvey Weinstein and Theranos, considering his involvement in those scandals a reputational stain.What has gone previously unreported is the extent to which Jonathan Schiller, the second name above the door who had long worked in Boies' shadow, shares blame for the firm's cultural turmoil.Casey Sullivan spoke with Boies and more than 20 of Schiller's former colleagues for his behind the scenes look at the firm. My main takeaway: People's greatest strengths can also be their greatest weaknesses, something Casey notes in his Q&A below. Read on for more.Also in this week's newsletter:Price hikes, layoffs, and too many bikes: Inside Peloton's month from hell.Nike's CEO has brought the company financial and digital success — but at what cost?Amazon employees' frustration with pay is driving attrition across senior ranks.Let me know what you think of all our stories at mturner@insider.com.Subscribe to Insider for access to all our investigations and features. New to the newsletter? Sign up here.  Download our app for news on the go – click here for iOS and here for Android. A rare portrait of David Boies' right-hand manPaul Bruinooge/Patrick McMullan/Getty Images; Samantha Lee/InsiderCasey Sullivan takes us inside his four months of reporting on Jonathan Schiller.What made you want to profile Schiller?There's something inherently interesting about a No. 2 to a relatively famous person. Schiller often worked behind the scenes, but his mark on the firm was enormous — for both good and bad. Schiller is also a controversial figure. People have strong feelings about him. And the more people I spoke with, it fed my curiosity to learn what drives him and try to learn his side of the story, even if he wouldn't speak with me.   What's one thing you'd want readers to take away from this piece?People's greatest strengths can also be their greatest weaknesses. Schiller had such a competitive drive that helped build Boies Schiller into what it became, adding so many clients from big institutions. At the same time, people said he had an arrogance about him. He could be tone-deaf and hyperterritorial with clients. And it ultimately rubbed a lot of people the wrong way and contributed to the firm's challenges. What's one of the most surprising things you learned during your reporting?David Boies' go-to cocktail is a vodka and orange juice. But he only gets it at places that serve freshly squeezed OJ.Read the full story here: He helped build Boies Schiller. Behind the scenes, he drove people away.Inside Peloton's month from hellGetty; Marianne Ayala/InsiderA year ago, Peloton saw overwhelming demand for its stationary bikes. But today, the company has too many bikes — and not enough people to buy them.That striking reversal is emblematic of Peloton's fall from hot pandemic stock pick to punchline. January has been dominated by news of price hikes, layoffs, and a possible halt in production. The stock dropped 24% on Thursday alone.How Peloton spiraled to this point.He has brought success to Nike. But at what cost?Nike; Rachel Mendelson/InsiderIn his first two years as Nike's CEO, John Donahoe sent its stock soaring, even amid a series of scandals and the pandemic. Employees and analysts agree that Donahoe has ushered in financial success. But some worry it's come at a cost. For them, the question is no longer whether Donahoe can navigate Nike's culture but how he is changing it — and whether it could lead to an exodus of Nike veterans.Here's what they told us.Amazon employees' anger over pay at a crisis pointAP; Marianne Ayala/InsiderA growing number of Amazon employees, including senior staff, are growing disenchanted with what they perceive as below-market pay and pushing for better compensation. Now, some insiders say the frustration has led to a higher attrition rate among senior staff.At least 50 vice presidents left Amazon last year, unusual for a company known for the loyalty and long employment history of valued senior leaders.See what Amazon employees are saying.More of this week's top reads:Employers aren't addressing the new realities of work. Now, burned-out employees are leading a new "Hidden Resignation."A T-shirt designer started designing NFTs. He just pulled in $57,000 in one month.The labor shortage isn't going anywhere. Some expect it to wreak havoc on everything from airline flights to inflation.Insiders at Forbes say the brand that celebrates wealth requires its employees to work long hours for low pay and that some struggle to get raises. Here's what to know.Top investors shared their 25 picks for the best direct-to-consumer brands that will soar in 2022.Here's where young first-time homebuyers should look for their first purchase. Hint: It's not New York or LA.Compiled with help from Jordan Parker Erb and Phil Rosen.Read the original article on Business Insider.....»»

Category: topSource: businessinsider21 hr. 34 min. ago

DBJ Economic Forum at Wright State University (Photos)

More than 250 people gathered last week for the Dayton Business Journal's 2022 Economic Forum. The economic outlook included two keynote addresses and a panel of experts that touched on the region's economic outlook......»»

Category: topSource: bizjournals21 hr. 35 min. ago

Donald Trump blasts the "vicious" Jan. 6 committee and NY AG for targeting his children Ivanka and Donald Jr.

The Jan. 6 committee asked Ivanka to testify, and the NY AG issued subpoenas for Ivanka and Donald Jr. over the Trump Organization's financial dealings. Donald Trump along with his children Eric(L) Ivanka and Donald Jr. arrive for a press conference January 11, 2017 at Trump Tower in New York.Timothy A. Clary/AFP via Getty Images Donald Trump said it was "very unfair" that the Jan. 6 committee and NY AG are targeting his adult children. The Jan. 6 committee asked Ivanka to testify, and the NY AG has issued subpoenas for Ivanka and Donald Jr. Donald Jr., Ivanka, and Eric have been closely intertwined with their father's businesses and presidency. Former President Donald Trump complained that the "vicious" January 6 committee and New York Attorney General are targeting his adult children as part of their investigations."It's a very unfair situation for my children. Very, very unfair," Trump told The Washington Examiner in an interview published Friday."It's a disgrace what's going on. They're using these things to try and get people's minds off how incompetently our country is being run. And they don't care. They'll go after children."Trump's eldest three children, Donald Jr., Ivanka, and Eric, have long been closely intertwined with their father's businesses and political career.The House select committee investigating the January 6 Capitol riot on Thursday asked Ivanka Trump for her voluntary cooperation with its probe.Ivanka Trump was a senior advisor to her father during his presidency and was present at the White House as the insurrection unfolded, committee chair Rep. Bennie Thompson said in a letter."They are using whatever powers they have. They couldn't care less. They are vicious people," Trump said of the January 6 committee to The Washington Examiner."You know Ivanka very well, and you know the quality of her," he told the outlet. "For them to have to go through all this stuff is a disgrace."Donald Trump faced accusations of nepotism throughout his presidency after installing his eldest daughter and her husband, Jared Kushner, into key roles, despite having no previous qualifying experience. Separately, New York Attorney General Letitia James's office has been conducting a probe into the Trump Organization's financial dealings.James said the investigation has uncovered "significant evidence" indicating that the Trump Organization used fraudulent and misleading asset valuations on multiple properties.Last week, she took legal action to enforce the subpoenas issued to Donald Trump and his children Donald Jr. and Ivanka. James wrote on Twitter that Trump's eldest two children had been "closely involved in the transactions in question."Donald Trump Jr. is currently an executive vice president of the Trump Organization, and Ivanka Trump has held senior roles, including overseeing developments and acquisitions.Eric Trump has already sat for depositions with the attorney general's office, during which he invoked his Fifth Amendment rights more than 500 times, court filings showed.Donald Trump told The Washington Examiner that he believed James was probing his businesses because she campaigned on a promise of "I'll get Trump." Speaking about the Trump family, James has said "no one is above the law" and has pledged to continue the investigation to "uncover the facts, and pursue justice."Read the original article on Business Insider.....»»

Category: topSource: businessinsider22 hr. 34 min. ago

British politician says she was sacked as a minister in Boris Johnson"s government because she was a Muslim

The Sunday Times reported that Nusrat Ghani said a whip told her that people in 10 Downing Street were "uncomfortable" with her "Muslim woman status." Conservative Party MP Nusrat Ghani addresses members of the Uighur community and human rights activists demonstrating outside the Houses of Parliament in London, United Kingdom on April 22, 2021.David Cliff/Anadolu Agency via Getty Images Nusrat Ghani was removed from her role as transport minister in a Cabinet reshuffle in 2020 She said she was told people in Boris Johnson's government were "uncomfortable with her Muslimness," The Sunday Times reported. The Conservative Party has been previously investigated over Islamophobia in the party.  A Conservative MP has said that she lost her ministerial position in Boris Johnson's government due to her "Muslimness," The Sunday Times reported..Nusrat Ghani, who in 2015 was the first Muslim woman to be elected a Tory MP, was removed from her role as transport minister in a Cabinet reshuffle in February 2020. She said that a whip told her her "Muslimness was raised as an issue" by people in 10 Downing Street, where they noted her "Muslim woman minister status was making colleagues feel uncomfortable."The Sunday Times reported Ghani said these comments felt  "like being punched in the stomach. I felt humiliated and powerless."  The paper also reported these comments made Ghani debate whether or not she wanted to stay in her position as an MP, saying, "I will not pretend that this hasn't shaken my faith in the party."Writing on Twitter, chief whip Mark Spencer identified himself as the person these comments allegedly came from but said, "These accusations are completely false and I consider them to be defamatory."—Mark Spencer (@Mark_Spencer) January 22, 2022 Spencer initially wrote these comments on Twitter, deleted them, and then republished them. An end to a tumultuous week for the PMThese comments have come at the end of a week of political turmoil for Boris Johnson, as a number of letters have been sent to the Conservative party's 1922 committee — of which Ghani is a vice-chair — calling for a vote of no confidence in the prime minister after it media reports that Johnson attended and supported regular parties at 10 Downing Street while the country was in a full COVID-19 lockdown. Should the committee receive 54 letters, with speculations suggesting around 40 have currently been filed, a vote on the party's trust in the prime minister's fitness to lead will take place. Boris JohnsonLeon Neal/Getty ImagesOne MP told Insider's senior political editor Catherine Neilan that they're "not sure the [1922 committee] exec is full of FoBs — Friends of Boris," as the MP suggested that the committee could organize a vote to hinder Boris' chances at success. "Whereas last time, it was organized to give [Theresa] May support, this time I suspect they are less minded to," the MP, speaking on a condition of anonymity, added.Islamophobia in the Conservative Party It is not the first time allegations of Islamophobia have been raised within the Conservative party. During the Conservative leadership race of 2019 — which was subsequently won by Johnson — Savid Javid, the current health secretary, made all candidates vow to support an inquiry into Islamophobia in the party. In May 2021, this inquiry into anti-Muslim sentiments within the party was published, finding that it "remains a problem" within Conservative Party.The report also found that between 2015 and 2020, Two-thirds of all incidents reported to the Complaints Team at Party headquarters ("CCHQ") related to allegations of anti-Muslim discrimination. Boris Johnson himself has also come under fire after saying Muslim women who wear the burqa look like "letterboxes" and "bank robbers" when commenting on Denmark's burqa ban.  In a statement sent to Insider, A No 10 spokesperson said, "After being made aware of these extremely serious claims, the Prime Minister met with Nusrat Ghani to discuss them. He then wrote to her expressing his serious concern and inviting her to begin a formal complaint process. She did not subsequently do so. The Conservative Party does not tolerate prejudice or discrimination of any kind.' Read the original article on Business Insider.....»»

Category: topSource: businessinsider22 hr. 34 min. ago

Meet a pre-K teacher who lost her job and lived on $1,000 a month from a basic-income program for Black mothers in Mississippi: "I didn"t know how I was going to make ends meet"

A teacher who lost her job paid her bills using monthly cash from a basic-income program. Local versions of UBI plans have popped up all over the US. Programs like Magnolia specifically target groups of people more likely to face financial hardship.MoMo Productions In 2020 and 2021, Tamara Ware received $1,000 a month from a basic-income program.  The program provided monthly funds to 100 low-income Black mothers in Jackson, Mississippi. Income programs like this are meant to help groups of people more likely to experience poverty. Tamara Ware, 37, who taught prekindergarten for 18 years, was suddenly sent home in March 2020 without an alternative plan — or a paycheck. Along with 701,000 other people in the US that month, she'd lost her job. She got by with a little help from no-strings-attached $1,000 checks every month for the next year."I didn't know how I was going to make ends meet," Ware told Insider. "But Magnolia funding came right on time." As a low-income Black mother in Jackson, Mississippi, Ware was eligible for funding from the Magnolia Mother's Trust, a basic-income program in the city that provides $1,000 per month to 100 women for a year. Funded by a grant from the Economic Security Project — a national nonprofit organization — Magnolia has been giving out money since 2018. It's currently on its third cohort of mothers.Basic-income programs like Magnolia have been growing in popularity over the past few years, especially as the pandemic caused financial strain for many low-income households. Insider reported last month that there are at least 33 local UBI-type programs across the US. Basic-income programs differ from traditional welfare programs in that they come with no strings attached — participants are free to spend the money however they like. Support to get back on her feetPrograms like Magnolia specifically target groups of people that are more likely to face financial hardship. California, for instance, provides funds for programs geared toward low-income pregnant people and young adults transitioning out of the foster-care system."It shocked many people that the program only focused on Black mothers living in extreme poverty, but I believe we must be intentional in our approach," Aisha Nyandoro, who runs Magnolia, told Insider. "In Jackson, Black women and their children are the most financially insecure." Ware said that the Magnolia funds helped her pay for rent and groceries when faced with sudden unemployment. Additionally, she used free resources that Magnolia offered its participants, like classes on building good credit, counseling, and meditation sessions. "They have a lot of good resources that people should use," she said. "I will always advocate for this program. It's helpful getting people back on their feet and making them financially stable."The program helped Ware weather months of unemploymentWare has been teaching children since she was a teenager. She had her first daughter when she was 18 years old and immediately got a job working at a day-care center. "That made me want to be a teacher," she said. "I knew what I wanted to do right away." By the time COVID-19 restrictions shut down her school, it had been nearly two decades since she'd gone longer than a holiday break without working in child care. And she wasn't getting paid to stay at home. Ware told Insider that unemployment checks alone weren't enough for her family to pay their bills — as a teacher, she was paid $550 a week, and employment checks came out to about $250. She eventually started working again in 2021, but things were rough for her family in the meantime, especially when she contracted COVID-19 in November 2020 and experienced symptoms for two full months, she said. Her three daughters had to stay with her sister during that period. The decision to enter the classroom again wasn't an easy one for Ware, given that students and teachers have been catching COVID-19 at alarming rates. "I had to make a decision to risk my health or my own children's health if I decided to go to work," she said, a predicament that teachers throughout the country are facing. While Ware was unemployed, and especially when she was sick, Magnolia helped her pay for things her family really needed — and she said the program's "blank check" approach was crucial during this time. "There are so many single Black mothers I know in the world who are like me," she said. "There's a bunch of me in every state, I'm sure — single, working-class moms. I completely advocate for the program and feel more people should do it with no strings attached."  Read the original article on Business Insider.....»»

Category: topSource: businessinsider22 hr. 34 min. ago

NATO"s "Space Policy" Outlines Readiness To Jointly Respond To Attacks In Space

NATO's "Space Policy" Outlines Readiness To Jointly Respond To Attacks In Space Authored by Isabel van Brugen via The Epoch Times, NATO made public its official “overarching Space Policy” this week, outlining how it would protect its members from space attacks, citing threats from potential adversaries. The U.S.-led alliance said its collective defense principles will be extended to outer space in response to developments made at last year’s Brussels Summit. “At the 2021 Brussels Summit, Allies agreed that attacks to, from, or within space present a clear challenge to the security of the Alliance, the impact of which could threaten national and Euro-Atlantic prosperity, security, and stability, and could be as harmful to modern societies as a conventional attack. Such attacks could lead to the invocation of Article 5. A decision as to when such attacks would lead to the invocation of Article 5 would be taken by the North Atlantic Council on a case-by-case basis,” the document states. Article 5 of NATO’s founding treaty states that an attack on any one of the 30 allies will be considered an attack on them all. Until now, it has only applied to more traditional military attacks on land, sea, or in the air, and more recently in cyberspace. Considering that members have recognized that space is essential to NATO’s deterrence and defense, NATO will consider a range of potential options, for council approval, across the conflict spectrum to deter and defend against threats to or attacks on allies’ space systems, it said. Around 2,000 satellites orbit the earth, over half operated by NATO countries, ensuring everything from cellphone and banking services to weather forecasts. Military commanders rely on some of them to navigate, communicate, share intelligence, and detect missile launches. In December 2019, NATO leaders declared space to be the alliance’s “fifth domain” of operations. Many member countries are concerned about what they say is increasingly aggressive behavior in space by China and Russia. Space has become “increasingly important” for the security and prosperity of NATO members, the alliance added. “Space is an inherently global environment and any conflict that extends into space has the potential to affect all users of space. Even in cases where NATO is not involved in conflict, Allies’ space systems could be affected,” the document reads. NATO noted that a number of nations are developing counter-space and anti-satellite systems. “Potential adversaries” in particular are pursuing the development of a wide range of capabilities from non-kinetic (such as dazzling, blinding, and jamming of space assets) to kinetic destructive systems (such as direct-ascent anti-satellite missiles, on orbit anti-satellite systems, and laser and electromagnetic capabilities), it said. “Such space destruction, disruption, degradation, and denial capabilities are further exacerbated by the susceptibility of space to hybrid approaches and the associated difficulty of attributing harmful effects to space systems. Some threats, such as signal jamming and cyber attacks, can potentially be caused also by non-state actors, including terrorist organizations.” The document says, “Many threats to Allies’ space systems originate in the cyber domain and are likely to increase.” NATO said it would carry out its activities in outer space in accordance with international law, including the U.N. Charter, “in the interest of maintaining international peace and security and promoting international cooperation and understanding.” Baiba Braze, NATO assistant secretary general for public diplomacy, said in a statement on Twitter on Monday that it is “no surprise” that space is essential to NATO’s deterrence and defense. “Space has fascinated our imagination for centuries,” said Braze. The UK Space Command expressed support for the policy, saying on Twitter, “Space is a congested & competitive domain which is increasingly important for civilian and military activities.” “We rely on #space systems for everything from weather forecasts & navigation to intelligence & missile detection. But potential adversaries could threaten our freedom to operate, including with anti-satellite systems. #NATO’s new space policy sets out our approach,” said NATO Press Officer Dylan P. White. Tyler Durden Sun, 01/23/2022 - 07:00.....»»

Category: dealsSource: nyt22 hr. 50 min. ago

January 24 - 30, 2022

To download the PDF and read the flip-book of this week's issue click HERE. To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 23rd, 2022

A former Trump official admitted he helped Rudy Giuliani with the fake electors scheme

Boris Epshteyn, a former Trump campaign adviser, told MSNBC host Ari Melber he was part of the "process to make sure there were alternate electors." A November 19, 2020 photo shows the personal lawyer of US President Donald Trump, Rudy Giuliani, speaking at a press conference watched by Trump campaign advisor Boris Epshteyn (R), at the Republican National Committee headquarters in Washington, DC.MANDEL NGAN/AFP via Getty Images Republicans in seven states tried to falsely certify the election in favor of Donald Trump. On Friday, Boris Epshteyn, a Trump adviser, told MSNBC he helped with the fake electors scheme.  Epshteyn, alongside Rudy Giuliani, was subpoenaed by the January 6 House select committee last week. A former Trump campaign adviser admitted to playing a role in a scheme to have illegitimate pro-Trump supporters falsely certify the election for him in seven states won by President Joe Biden. MSNBC host Ari Melber asked Boris Epshteyn on Friday if he ever worked on or supported the elector scheme. "Yes, I was part of the process to make sure there were alternate electors for when, as we hoped, the challenges to the seated electors would be heard, and would be successful," Epshteyn said. On Thursday The Washington Post reported that Epshteyn said he'd participated in conference calls with members of Trump's legal team, including Rudy Giuliani, to discuss the electors. The Post and CNN reported on Thursday that members of Trump's inner circle, led by Giuliani, coordinated the scheme.The illegitimate electors' plan had Trump supporters in seven states – Arizona, Georgia, Michigan, Nevada, New Mexico, Pennsylvania, and Wisconsin – submit documents to Congress falsely claiming Trump won the states despite the majority of votes actually going to Joe Biden, according to documents obtained by the watchdog group American Oversight in March 2021. That plan was included in a six-page memo written by attorney John Eastman detailing a plan for overturning the 2020 election. During his interview with Melber, Epshteyn continued to make false claims about election fraud. He also said he did everything legally, citing Hawaii in the 1960 presidential election as a "precedent" for "alternate" electors being used.CNN reported that in that election, however, Richard Nixon initially had a lead on John F. Kennedy by 141 votes (a narrow margin compared to any state in this previous election). After a legal recount, Nixon lost, and the multiple panels of electors were due to the state changing the outcome following the recount. "So, Ari, everything that was done was done legally by the Trump legal team, according to the rules, and under the leadership of Rudy Giuliani," Epshteyn said.Epshteyn, alongside Guiliani and Trump associates Sidney Powell and Jenna Ellis were subpoenaed by the January 6 House select committee this week. Additionally, several attorneys general from the seven states with illegitimate electors say they're pursuing investigations and charges. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 23rd, 2022

Democratic lawmakers speak out in support of abortion rights on what "could be the last anniversary" of Roe v. Wade as law of the land

A Supreme Court decision expected by June could gut the protections granted by Roe v. Wade. Sen. Elizabeth Warren.Evelyn Hockstein-Pool/Getty Image Saturday marked the 49th anniversary of the landmark ruling Roe v. Wade. Democratic lawmakers marked the day by sharing their support for abortion rights. An upcoming Supreme Court ruling could gut the law and threaten reproductive rights. Democratic lawmakers spoke out in support of abortion rights on Saturday, which marked the 49th anniversary of Roe v. Wade.The landmark 1973 ruling held that the Constitution protects the right of women to choose to have an abortion without excessive government restriction. But in December, the Supreme Court heard arguments for a case involving a 15-week abortion ban in Mississippi that, if upheld, could gut the precedent set by Roe v. Wade.The court's decision is expected in June, but Insider's Oma Seddiq reported the conservative majority appeared open to ruling in favor of Mississippi's ban. Experts told her that if the court does side with Mississippi, it will undermine the core protections provided by Roe v. Wade."Today could be the last anniversary of #RoeVWade as law of the land," Sen. Elizabeth Warren of Massachusetts tweeted on Saturday. "But this isn't the end of the fight. Not even close. The American people are on our side. We must fight back for abortion rights and reproductive justice—and we must #ExpandTheCourt to rebalance it."Independent Sen. Bernie Sanders of Vermont also tweeted his support, writing: "Abortion is a constitutional right."—Bernie Sanders (@BernieSanders) January 22, 2022 Sen. Dick Durbin of Illinois, the majority whip of the Senate, also expressed concern over the fate of Roe v. Wade."@SenateDems believe that everyone deserves to make their own decisions about pregnancy & parenting—and the constitutional right to have an abortion is critical to making that a reality," he said in a tweet. "With #RoevWade hanging in the balance, we all must stand together to protect abortion rights."Vice President Kamala Harris also shared a video praising the protection Roe v. Wade granted to women and said the administration would work to protect reproductive rights despite threats by laws like the one in Mississippi."We must remain firm in ensuring that our country is not pushed backwards on women's reproductive rights," she said.Harris also advocated for the Women's Health Protection Act, federal legislation that she said would codify Roe v. Way. The bill passed the House in September but is unlikely to pass in the Senate.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 23rd, 2022