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Illustrated Properties Names Daniel Dennis New President of Keyes Company

Illustrated Properties Names Daniel Dennis New President of Keyes Company.....»»

Category: realestateSource: rismediaJan 14th, 2022

Five Trump-Russia "Collusion" Corrections We Need From The Media Now

Five Trump-Russia 'Collusion' Corrections We Need From The Media Now Authored by Aaron Maté via RealClearInvestigations.com, Five years after the Hillary Clinton campaign-funded collection of Trump-Russia conspiracy theories known as the Steele dossier was published by BuzzFeed, news outlets that amplified its false allegations have suffered major losses of credibility. The recent indictment of the dossier's main source, Igor Danchenko, for allegedly lying to the FBI, has catalyzed a new reckoning. In response to what the news site Axios has called "one of the most egregious journalistic errors in modern history," the Washington Post has re-edited at least a dozen stories related to Steele. For two of those, the Post removed entire sections, changed headlines, and added lengthy editor's notes. Rosalind Helderman: Bylined reporter on two of the Post's most corrected stories. Twitter/@PostRoz Tom Hamburger: Other bylined reporter on two of the Post's most corrected stories. Twitter/@thamburger But the Post's response also exhibits the limits of the media's Steele-induced self-examination. First, the reporters bylined on those two articles, Rosalind S. Helderman and Tom Hamburger, and their editors have declined to explain how and why they were so egregiously misled. Nor have they revealed the names of the anonymous sources responsible for deceiving them and the public over months and years. Perhaps more important, the Post, like other publications, has so far limited its Russiagate reckoning to work directly involving Steele – and only after a federal indictment forced its hand. But the Steele dossier has been widely discredited since at least April 2019, when Special Counsel Robert S. Mueller and his team of prosecutors and FBI agents were unable to find evidence in support of any of its claims. The dossier was also only one aspect of the Trump-Russia misinformation fed to the public. Even when not advancing Steele's most lurid allegations, the nation's most prominent news outlets nonetheless furthered his underlying narrative of a Trump-Russia conspiracy and a Kremlin-compromised White House. Along the way, some journalists won their profession's highest distinction for this flawed coverage. While co-bylining stories that the Post has all but retracted, Helderman and Hamburger also share a now increasingly awkward honor along with more than a dozen other colleagues at the Post and New York Times: a Pulitzer Prize. In 2018, the Pulitzer awards committee honored the two papers for 20 articles it described as "deeply sourced, relentlessly reported coverage in the public interest that dramatically furthered the nation's understanding of Russian interference in the 2016 presidential election and its connections to the Trump campaign, the President-elect's transition team and his eventual administration." Above, Washingon Post and New York Times reporters whose 2018 Pulitzer Prize for National Reporting on the Trump-Russia affair is tainted by evidence in the public record that significant reporting was erroneous or misleading -- reporting that still has not been corrected by their publications, even though the Post recently made numerous corrections regarding the long-discredited Steele dossier. Journalist identifications are here. (Credit: YouTube/The Pulitzer Prizes) Although neither newspaper has given any indication that it is returning the Pulitzer, the public record has long made clear that many of those stories – most of which had nothing to do with Steele – include falsehoods and distortions requiring significant corrections. Far from showing "deeply sourced, relentlessly reported coverage," the Post's and the Times' reporting has the same problem as the Steele document that these same outlets are now distancing themselves from: a reliance on anonymous, deceptive, and almost certainly partisan sources for claims that proved to be false. Many other prestigious outlets published a barrage of similarly flawed articles. These include the report by Peter Stone and Greg Gordon of McClatchy that the Mueller team obtained evidence that Trump lawyer Michael Cohen had visited Prague in 2016; Jane Mayer's fawning March 2018 profile of Steele in the New Yorker; the report by Jason Leopold and Anthony Cormier of BuzzFeed that President Trump instructed Cohen to lie to Congress -- explicitly denied by Mueller at the time; and Luke Harding of The Guardian's bizarre and evidence-free allegation that Julian Assange and Paul Manafort met in London's Ecuadorian embassy. McClatchy and BuzzFeed have added editors' notes to their stories but have not retracted them.  In this article, RealClearInvestigations has collected five instances of stories containing false or misleading claims, and thereby due for retraction or correction, that were either among the Post and Times' Pulitzer-winning entries, or other work of reporters who shared that prize. Significantly, this analysis is not based on newly discovered information, but documents and other material long in the public domain. Remarkably, some of the material that should spark corrections has instead been held up by the Post and Times as vindication of their work. RCI sent detailed queries about these stories to the Post, the Times, and the journalists involved. The Post's response has been incorporated into the relevant portion of this article. The Times did not respond to RCI's queries by the time of publication. Falsehood No. 1: Michael Flynn Discussed Sanctions With Russia and Lied About It Flynn faces the press in his only White House Briefing Room remarks as national security adviser. YouTube/C-SPAN Officials say Flynn discussed sanctions By Greg Miller, Adam Entous and Ellen NakashimaWashington Post, February 9, 2017 Less than a month after BuzzFeed published the Steele dossier, the Washington Post significantly advanced the then-growing narrative that the Trump White House was beholden to Russia. A Feb. 9, 2017, Post article claimed that National Security Adviser Michael Flynn "privately discussed U.S. sanctions against Russia" with Russian Ambassador Sergei Kislyak "during the month before President Trump took office, contrary to public assertions by Trump officials." The Post sourced its reporting to nine "current and former officials" who occupied "senior positions at multiple agencies at the time of the calls" between Flynn and Kislyak following the Nov. 8, 2016 election. The Post's sources – who were revealing classified information, presumably from taps on Kislyak's phone – left no room for doubt: "All of those officials said Flynn's references to the election-related sanctions were explicit." They also added their own spin to the meaning of the conversations: Flynn's calls with Kislyak "were interpreted by some senior U.S. officials as an inappropriate and potentially illegal signal to the Kremlin that it could expect a reprieve from sanctions that were being imposed by the Obama administration in late December to punish Russia for its alleged interference in the 2016 election." Adding some mind-reading to the narrative, a former official told the Post that Kislyak "was left with the impression that the sanctions would be revisited at a later time." The Post and its sources fueled innuendo that Flynn had floated a payback for Russia's alleged 2016 election help and lied to cover it up. Facing a barrage of anonymous officials contradicting him, Flynn walked back an initial denial and told the Post that "while he had no recollection of discussing sanctions, he couldn't be certain that the topic never came up." Four days later, he was forced to resign. The following December, Special Counsel Mueller seemingly vindicated the Post's narrative when Flynn pleaded guilty to making false statements to the FBI, including about his discussion of sanctions with the Russian ambassador. Flynn would later backtrack and reverse that guilty plea, sparking a multi-year legal saga. When the transcripts of his calls with Kislyak were finally released in May 2020, they showed that Flynn had grounds to fight: It wasn't Flynn who made a false statement about discussing sanctions with Kislyak; it was all nine of the Post's sources — and, later, the Mueller team — who had misled the public. Sergei Kislyak: Transcripts of Flynn's calls with the Russian Ambassador do not square with the Washington Post's reporting. AP Photo/Carolyn Kaster, File In all of Flynn's multiple conversations with Kislyak in December 2016 and January 2017, the issue of sanctions only gets one fleeting mention – by Kislyak. The Russian ambassador tells Flynn that he is concerned that sanctions will hurt U.S.-Russia cooperation on fighting jihadist insurgents in Syria. The sum total of Flynn's response on the matter: "Yeah, yeah." The pair did have a longer discussion about a separate action Obama had ordered at the time: the expulsion of 35 Russian officials living in the United States. The expulsions, which were carried out by the State Department, were a distinct action from the sanctions, which targeted nine Russian entities and individuals under a presidential executive order. In discussing the expulsions, Flynn never addressed what Trump might do; his only request was that the Kremlin's response be "reciprocal" and "even-keeled" so that "cool heads" can "prevail." "[D]on't go any further than you have to," Flynn told Kislyak. "Because I don't want us to get into something that has to escalate, on a, you know, on a tit for tat." In its rendering of the call, the Mueller team cited these comments from Flynn – but inaccurately claimed that he had made them about sanctions. The Special Counsel's Office appeared to be following the lead of the Post's sources, who had claimed, falsely, that Flynn's references to sanctions were "explicit." Both the Post and the special counsel used Flynn's explicit comments about expulsions to erroneously assert that he had discussed sanctions. Yet the release of the transcripts did not prompt the Post to come clean. Instead, both the Post and the New York Times doubled down on the deception. The Post's May 29, 2020, story about the transcripts' release was headlined "Transcripts of calls between Flynn, Russian diplomat show they discussed sanctions." The Times claimed that same day that "Flynn Discussed Sanctions at Length With Russian Diplomat, Transcripts Show." In reality, the transcripts showed the exact opposite. In response to RCI, the Post acknowledged that the Feb. 9, 2017 story had conflated "sanctions" with "expulsions." "We appropriately used the word 'sanctions' in reference to the punitive measures announced by President Obama, including Treasury penalties on Russian individuals, expulsions of Russian diplomats/spies and the seizure of two Russia-owned properties," Shani George, the Post's Vice President for Communications, wrote. In other articles, however -- including a Dec. 29, 2016 article linked in the Feb. 9 story's second paragraph – the Post made a clear distinction between the two. Asked about dropping the distinction between sanctions and expulsions for the article discussed here, the Post did not respond by the time of publication.  Falsehood No. 2: Repeated Contacts With Russian Intelligence Left to right, Carter Page, Paul Manafort, Roger Stone: Repeated contacts with Russian spies? Doubtful. FNC/AP Trump Campaign Aides Had Repeated Contacts With Russian Intelligence By Michael S. Schmidt, Mark Mazzetti and Matt ApuzzoNew York Times, February 14, 2017 On Feb. 14, 2017 – just one day after Flynn resigned – the New York Times fanned the flames of the growing Trump-Russia inferno. "Phone records and intercepted calls show that members of Donald J. Trump's 2016 presidential campaign and other Trump associates had repeated contacts with senior Russian intelligence officials in the year before the election, according to four current and former American officials," the Times reported. The story, written by three members of the paper's Pulitzer Prize-winning team, Michael S. Schmidt, Mark Mazzetti and Matt Apuzzo, also suggested that these suspicious "repeated contacts" were the basis for the FBI's investigation of the Trump campaign's potential conspiracy with Russia: "American law enforcement and intelligence agencies intercepted the communications around the same time they were discovering evidence that Russia was trying to disrupt the presidential election by hacking into the Democratic National Committee, three of the officials said. The intelligence agencies then sought to learn whether the Trump campaign was colluding with the Russians on the hacking or other efforts to influence the election." The article even threw in a plug for Christopher Steele, who, the Times said, is believed by senior FBI officials to have "a credible track record." The story helped build momentum for the appointment of Special Counsel Mueller, and then quickly unraveled. Four months after the Times' report – and just weeks after Mueller's hiring – FBI Director James Comey testified to Congress about the story, saying that "in the main, it was not true." When the Mueller report was released in April 2019, it contained no evidence of any contacts between Trump associates and Russian intelligence officials, senior or otherwise. And in July 2020, declassified documents showed that Peter Strzok, the top FBI counterintelligence agent who opened the Trump-Russia probe, had privately dismissed the article. The Times reporting, Strzok wrote upon its publication, was "misleading and inaccurate … we are unaware of ANY Trump advisers engaging in conversations with Russian intelligence officials." Comey on Times story: "In the main, it was not true." It's still uncorrected. To date, the Times has appended two minor corrections. The most recent one reads: "An earlier version of a photo caption with this article gave an incorrect middle initial for Paul Manafort. It is J., not D." Rather than address its glaring errors, the Times left the story otherwise intact. When the Strzok notes disputing its claims emerged, the Times responded: "We stand by our reporting." Earlier this year, the Times even claimed vindication. The occasion was an April 15, 2021, press release from the Treasury Department. The Treasury statement alleged that Konstantin Kilimnik, a former aide to Trump's one-time campaign manager, Paul Manafort, is a "known Russian Intelligence Services agent" who "provided the Russian Intelligence Services with sensitive information on polling and campaign strategy" during the 2016 election. Writing that same day, Times reporters Mark Mazzetti and Michael S. Schmidt declared that Treasury's evidence-free press release — coupled with an evidence-free Senate Intelligence claim in August 2020 that Kilimnik is a "Russian intelligence officer" — now "confirm" the Times' report from February 2017. The Treasury announcement did not explain how the department, which conducted no official Russiagate investigation, was prompted to lodge an explosive allegation that a multi-year FBI/Mueller investigation found no evidence for. It also does not name the position Kilimnik allegedly held in Russian intelligence – much less say whether he was a senior official. It also failed to address ample countervailing evidence: that Kilimnik had shared this same, publicly available polling data with Americans; that the FBI still does not deem him a Russian intelligence officer, instead claiming that he has unspecified "ties"; that he had long been a valued State Department source; that he traveled to the U.S. on a civilian Russian passport, not the suspicious diplomatic one Mueller alleged without producing it; and that even the Senate Intelligence Committee was "unable to obtain direct evidence of what Kilimnik did with the polling data and whether that data was shared further."  Wanted in the U.S., Kilimnik shared his civilian (not diplomatic) passport with RCI. Konstantin Kilimnik via RealClearInvestigations In addition, no U.S. government or congressional investigator ever contacted him for questioning, Kilimnik told RCI in an April 2021 interview when he produced images of the civilian passport. To declare victory, Mazzetti and Schmidt not only relied on one sentence of a press release but distorted the claims of their original story. Even if Kilimnik somehow proved to be a Russian intelligence officer, the Times' 2017 story had reported that the Trump campaign had engaged in "intercepted calls" with multiple "senior Russian intelligence officials" – not just one person, and at a "senior" level. To elide that, Mazzetti and Schmidt abandoned the plural Russian "intelligence officials" to spin the Treasury press release as proof that "there had been numerous interactions between the Trump campaign and Russian intelligence during the year before the election." It then returned to the use of the plural to further claim that Treasury's statement is "the strongest evidence to date that Russian spies had penetrated the inner workings of the Trump campaign." RCI sent Mazzetti and Schmidt detailed questions about their February 2017 article and their claim, four years later, that a Senate report and a Treasury press release confirm it. They did not respond. Falsehood No. 3: George Papadopoulos's 'Night of Heavy Drinking' With the Australian Envoy The Times mischaracterized George Papadopoulos's supposed Russiagate-launching barroom chat. AP Photo/Jacquelyn Martin Unlikely Source Propelled Russian Meddling Inquiry By Sharon LaFraniere, Mark Mazzetti and Matt ApuzzoNew York Times, December 30, 2017 By late 2017, the Russiagate saga was engulfing the Trump presidency. The indictments of several figures connected to Trump fueled a media-driven narrative that Mueller was closing in on a Trump-Russia conspiracy. But a roadblock emerged in late October. After a year of evasions, the Hillary Clinton campaign and its law firm Perkins Coie admitted that they had funded the Steele dossier and that a lawyer for the firm, Marc Elias, had commissioned it. The disclosure was forced by House Republicans, led by Rep. Devin Nunes, who had subpoenaed the bank records of Fusion GPS in a bid to identify its secret funder. (Fusion GPS was the opposition-research firm hired by Perkins Coie that in turn hired Steele.) For those wedded to the Trump-Russia collusion narrative, the admission was problematic: After months of anonymous media claims that Steele's dossier was "credible" and even "bearing out," the heralded document was exposed as a paid partisan hit job from Trump's political opponents. If the FBI was found to have relied on the dossier, the Clinton campaign's key role could discredit the entire investigation. Just before the 2017 year-end deadline for 2018 Pulitzer eligibility, the New York Times produced a new origin story for the probe that would temper these concerns and help the newspaper win the prize. The FBI's decision to open the Trump-Russia probe had nothing to do with Steele, the Times claimed. Instead, the instigator was George Papadopoulos, a low-level campaign volunteer indicted by Mueller two months prior. "During a night of heavy drinking at an upscale London bar in May 2016," the Times' piece began, Papadopoulos told an Australian diplomat named Alexander Downer that Russia had "political dirt on Hillary Clinton," including "thousands of emails." Papadopoulos, the Times said, had learned of the Russian scheme the previous month from Joseph Mifsud, a Maltese academic who claimed to be in touch with "high-level Russian officials." Mifsud's claim signaled inside knowledge of Russia's alleged hack of the Democratic National Committee, the Times said, because at that point the "information was not yet public." Alexander Downer: The Australian diplomat's account of his conversation with George Papadopoulos conflicts with the Times' reporting. Twitter/@AlexanderDowner When Downer, via the Australian government, relayed this information to the U.S. in July, the FBI decided to open its Trump-Russia probe, codenamed Crossfire Hurricane, the Times reported. "The [DNC] hacking and the revelation that a member of the Trump campaign may have had inside information about it were driving factors that led the F.B.I. to open an investigation in July 2016 into Russia's attempts to disrupt the election and whether any of President Trump's associates conspired," the Times claimed. The article pointedly asserted that the Steele dossier "was not part of the justification to start a counterintelligence inquiry, American officials said." (In a possible contradiction, it also claims, without specifics, "that the investigation was also propelled by intelligence from other friendly governments, including the British.") Several key aspects of the article have been challenged by the principals involved — leaving aside a key question the Times appears never to have asked: Why would the FBI launch a counterintelligence probe of a presidential campaign based on a barroom conversation involving a volunteer? Moreover, the Times or its sources mischaracterized the barroom conversation, according to both of its participants. Speaking to a Sydney-based newspaper a few months later about the fateful London exchange, Downer said Papadopoulos had never mentioned "dirt" or "thousands of emails" — which the FBI would have linked to the DNC hack. Instead, Downer told The Australian, Papadopoulos "mentioned the Russians might use material that they have on Hillary Clinton in the lead-up to the election, which may be damaging." Contrary to the specificity of the Times' rendering, Downer recalled that Papadopoulos "didn't say what it was." He also said Papadopoulos made no mention of Mifsud, a mysterious figure with rumored ties to Western intelligence who vanished after a cursory FBI interview. A declassified FBI document would later confirm Downer's account of a vague conversation. In May 2020, the Justice Department released the July 31, 2016, FBI electronic communication (EC) that officially opened its Russia investigation. The EC states that Downer had told the U.S. government that Papadopoulos had "suggested the Trump team had received some kind of suggestion from Russia that it could assist" the Trump campaign by anonymously releasing damaging information about Clinton and President Obama. The EC made no mention of any "dirt," "thousands of emails," or Mifsud. It also acknowledged that the nature of the "suggestion" was "unclear" and that the possible Russian help could entail "material acquired publicly," as opposed to hacked emails by the thousands. Another declassified document, the December 2017 testimony from Andrew McCabe — the former FBI deputy director who helped launch and oversee the Russia probe — also undermined the Times' premise. Asked why the FBI never sought a surveillance warrant on the Trump volunteer who supposedly sparked the investigation, McCabe replied that "Papadopoulos' comment didn't particularly indicate that he was the person … that was interacting with the Russians." Despite the countervailing claims of Downer, McCabe, and the FBI document that opened the investigation (not to mention the recollections of both Papadopoulos and Downer that they only had one drink, belying the Times claim of "a night of heavy drinking"), the Times has never run a single update or correction. Falsehood No. 4: Russia Launched a Sweeping Interference Campaign That Posed a ‘National Security Threat' Social media posts from Russia's effort to "assault American democracy," as the Times put it. HPSCI Minority Doubting the intelligence, Trump pursues Putin and leaves a Russian threat unchecked By Greg Miller, Greg Jaffe and Philip RuckerWashington Post, December 14, 2017 To Sway Vote, Russia Used Army of Fake Americans By Scott ShaneNew York Times, September 8, 2017 As the Pulitzer-winning media outlets relied on anonymous intelligence officials to fuel innuendo about Trump-Russia collusion, they turned to these same sources to imply that a compromised president was unwilling to confront the existential threat of "Russian interference." "Nearly a year into his presidency," a Pulitzer-winning December 2017 Washington Post story declared, "Trump continues to reject the evidence that Russia waged an assault on a pillar of American democracy and supported his run for the White House." As a result, Trump has "impaired the government's response to a national security threat." The Post's article was sourced to "more than 50 current and former U.S. officials" including former CIA Director Michael Hayden, who "described the Russian interference as the political equivalent of the Sept. 11, 2001, attacks." Another Pulitzer-winning story, written by Scott Shane of the New York Times two months earlier, offered a revealing window into the merits of the Russian interference allegations, and the appropriateness of equating them to attacks like 9/11. "To Sway Vote, Russia Used Army of Fake Americans," the Times' headline blared. Aside from the Pulitzer board, Shane's article also impressed the New York Times' editors, who proclaimed in a follow-up editorial that their colleague's "startling investigation" had revealed "further evidence of what amounted to unprecedented foreign invasion of American democracy." But from the details in Shane's article, it is difficult to see why anonymous U.S. intelligence officials, Pulitzer judges, and Times editors saw the alleged Russian "cyberarmy" as such a seismic danger. Melvin Redick, suspected Russian operator. The proof? Articles "reflecting a pro-Russian worldview," the Times reported. New York Times Shane's piece opened by describing a June 2016 Facebook post by an account user named Melvin Redick, who promoted the website DC Leaks, alleged by the U.S. to be a Russian intelligence cutout. Redick's posts, Shane writes, were "among the first public signs" of Russia's "cyberarmy of counterfeit Facebook and Twitter accounts" that turned the platforms into "engines of deception and propaganda." To Clint Watts, a former FBI agent turned MSNBC commentator, Russia's infiltration of Facebook and Twitter was so dangerous that social media, he said, is now afflicted by a "bot cancer." But these explosive conclusions, Shane's own piece later acknowledged, were undermined by a lack of evidence. The online users who manipulated social media, Shane quietly notes near the bottom, were in fact only "suspected Russian operators" [emphasis added]. Shane's uncertainty extends to Melvin Redick, the alleged Russian bot who begins the story. Redick is one of several identified accounts that "appeared to be Russian creations," Shane concedes. The only proof tying Redick to Russia? "His posts were never personal, just news articles reflecting a pro-Russian worldview." Robert Mueller's final report two years later also tried to raise alarm about what he called a "sweeping and systematic" Russian interference campaign. But as with the Pulitzer-winning outlets before him, the contents of his report failed to support the headline assertion. The Russian troll farm blamed for a sweeping social media campaign to install Trump spent about $46,000 on pre-election posts that were juvenile, barely about the election, and mostly appeared during the primaries. After suggesting that the troll farm was tied to the Kremlin, the Mueller team was forced to walk back that innuendo in court, and later dropped the case altogether. The other main claim regarding Russian interference – that the GRU (Russia's foreign intelligence agency) hacked the DNC's email servers and gave the material to Wikileaks – was quietly undermined by Mueller's qualified language and key evidentiary gaps, as RCI reported in 2019. The Russian hacking claim suffered an additional setback in May 2020, when testimony from the CEO of CrowdStrike — the Clinton-contracted firm that was the first to publicly accuse Russia of infiltrating the DNC — was declassified. Speaking to the House Intelligence Committee in December 2017, CrowdStrike's Shawn Henry disclosed that his company "did not have concrete evidence" that alleged Russian hackers had stolen any data from the servers. Despite its once exhaustive and alarmist interest in the operations of Russia's cyber army, neither the Times nor the Post has ever reported Henry's explosive admission. This includes Pulitzer-winning Post national security reporter Ellen Nakashima, who effectively kicked off the Russiagate saga by breaking the news on CrowdStrike's Russian hacking allegation in June 2016. Other than Henry, Nakashima's main source was Michael Sussmann – the Clinton campaign attorney recently indicted for lying to the FBI. Falsehood No. 5: The Justice Department Pulled Its Punches on Trump Ex-Justice official Rod Rosenstein was blamed for handcuffing Mueller -- a charge much doubted. AP Photo/Evan Vucci Justice Dept. Never Fully Examined Trump's Ties to Russia, Ex-Officials Say By Michael S. SchmidtNew York Times, Aug. 30, 2020 (Updated June 9, 2021) When Mueller ended his investigation in 2019 without charging Trump or any other associate for conspiring with Russia, a collusion-obsessed media formulated more conspiracy theories to explain away this unwelcome ending. First came the belief that Attorney General William Barr had forced Mueller to shut down, misrepresented his final report, and hid the smoking-gun evidence behind redactions. When Mueller failed to support any of these allegations in his July 2019 congressional testimony, a new culprit was needed. One year later, the New York Times found its fall guy: Mueller's overseer, former Deputy Attorney General Rod Rosenstein, had handcuffed the special counsel. "The Justice Department secretly took steps in 2017 to narrow the investigation into Russian election interference and any links to the Trump campaign, according to former law enforcement officials, keeping investigators from completing an examination of President Trump's decades-long personal and business ties to Russia," Michael Schmidt reported on Aug. 30, 2020. Rosenstein, Schmidt said, "curtailed the investigation without telling the bureau, all but ensuring it would go nowhere" and preventing the FBI from "completing an inquiry into whether the president's personal and financial links to Russia posed a national security threat." To buttress his case, Schmidt cited the Democrats' leading collusion advocate, Rep. Adam Schiff, who feared that "that the F.B.I. Counterintelligence Division has not investigated counterintelligence risks arising from President Trump's foreign financial ties." But as Schmidt's article tacitly acknowledged, that outcome did not come from Rosenstein but the Mueller team itself. After Rosenstein appointed Mueller, Schmidt reported, members of the special counsel's team "held early discussions led by the agent Peter Strzok about a counterintelligence investigation of the president." But these "efforts fizzled," Schmidt added, when Strzok "was removed from the inquiry three months later for sending text messages disparaging Mr. Trump." If Rosenstein had indeed "curtailed" a counterintelligence investigation by Mueller's team, why did the special counsel staffers discuss it, and why did it only "fizzle" upon Strzok's exit three months later? Strzok himself disputed the premise of Schmidt's article. "I didn't feel such a limitation," Strzok told the Atlantic. "When I discussed this with Mueller and others, it was agreed that FBI personnel attached to the Special Counsel's Office would do the counterintelligence work, which necessarily included the president." The only problem, Strzok added, was that by "the time I left the team, we hadn't solved this problem of who and how to conduct all of the counterintelligence work." Strzok's "worry," he added, was that the counterintelligence angle "wasn't ever effectively done" – not that it was ever curtailed. Another key Mueller team member, lead prosecutor Andrew Weissmann, also rejected Schmidt's claim. NYT story today is wrong re alleged secret DOJ order prohibiting a counterintelligence investigation by Mueller, “without telling the bureau.” Dozens of FBI agents/analysts were embedded in Special Counsel's Office and we were never told to keep anything from them. 1 of 2 — Andrew Weissmann (@AWeissmann_) August 31, 2020 Also erroneous is NYT claim "Rosenstein concluded the F.B.I. lacked sufficient reason to conduct an investigation into the president’s links to a foreign adversary.” See DOJ Special Counsel Appointment Order, para. (b)(i). 2 of 2 — Andrew Weissmann (@AWeissmann_) August 31, 2020 Rosenstein's May 2017 scope memo, which established the parameters of Mueller's investigation, indeed contained no such limitations. It broadly tasked Mueller to examine "any links and/or co-ordination" between the Russian government and anyone associated with the Trump campaign, as well as – even more expansively – "any matters that arose or may arise directly from that investigation." In his July 2019 congressional appearance, Mueller had multiple opportunities to reveal that his probe had been impeded or narrowed. Asked by Rep. Doug Collins (R-Ga.) whether "at any time in the investigation, your investigation was curtailed or stopped or hindered," Mueller replied "No." When Rep. Raja Krishnamoorthi (D-Ill.) tried to lead Mueller into agreeing that he "of course … did not obtain the president's tax returns, which could otherwise show foreign financial sources," Mueller did not oblige. "I'm not going to speak to that," Mueller replied. With no curtailing or interference in the probe, perhaps Mueller never turned up any Russia-tied counterintelligence or financial concerns about Trump because there was simply none to find. For a media establishment that had spent years promoting a Trump-Russia collusion narrative and sidelining countervailing facts, that was indeed a tough outcome to fathom. But it's no time for excuses or false claims of vindication: The tepid accounting spurred by the Steele dossier's collapse should be just the start of a far more exhaustive reckoning. Broadly misleading journalism that plunged an American presidency into turmoil demands much more than piecemeal corrections. Tyler Durden Wed, 11/24/2021 - 17:40.....»»

Category: smallbizSource: nytNov 24th, 2021

Millennials Collaborating to Attain the American Dream of Homeownership

The affordability issues in the housing market aren’t going away for younger buyers. The financial challenges hindering millennial homeownership have been well documented between overwhelming student loan debt and record-level home prices. However, some within the cohort are carving their own path to the American dream through teamwork. “Affordability is a key issue for young […] The post Millennials Collaborating to Attain the American Dream of Homeownership appeared first on RISMedia. The affordability issues in the housing market aren’t going away for younger buyers. The financial challenges hindering millennial homeownership have been well documented between overwhelming student loan debt and record-level home prices. However, some within the cohort are carving their own path to the American dream through teamwork. “Affordability is a key issue for young buyers or first-time homebuyers entering into the market with limited housing inventory, so pooling incomes with a roommate becomes a really good solution for many buyers to be able to enter into the housing market,” says Jessica Lautz, vice president of Demographics and Behavioral Insights for National Association of REALTORS® (NAR). Recent data from ATTOM Data Solutions, reported by the Wall Street Journal, suggests that the number of home and condo sales across the country by co-buyers has soared since millennials became the largest share of homebuyers in the U.S. in 2014. The number of co-buyers with different last names increased by 771% between 2014 and 2021, according to ATTOM. Like other market trends, the pandemic accelerated the trend, according to Lautz, who also suggests that declining marriage rates among younger generations have also contributed. Despite the generational lull in nuptials, that hasn’t kept buyers, particularly millennials, from pursuing homeownership. Based on NAR’s recently released 2021 Profile of Home Buyers and Sellers report, for the third consecutive year, the share of unmarried couples that purchased a home accounted for 9% of the buyer pool. According to NAR’s data, the share of first-time buyers who were unmarried couples rose slightly to 17%. Navigating the Trend While co-buying isn’t a novel concept in real estate, experts and agents told RISMedia that it’s a worthwhile trend to keep an eye on, as affordability issues and student loan debt plague millennials—the largest cohort of buyers in the market. Along with working as an agent, Nicholas Ritacco is also a co-buyer. The New York-based Corcoran agent teamed up with his roommate to buy their first home during the pandemic to escape renting. Looking at the numbers, Ritacco says low mortgage rates since 2008—and record lows during the pandemic—presented an opportunity to finally tap into homeownership while living in or near more major metro areas. “The affordability is in our favor, and it is time-sensitive, whether it’s two, three or five years down the line, no one can predict, but I can tell you every point we go up is pricing out somebody,” he says. Compared with traditional buyer scenarios, Lautz suggests that agents work with their co-buying clients to identify long-term intentions for the property they are looking to buy and how they will address any life changes. “If someone gets a job on the other side of the country, are you going to rent the room that the roommate has been living in?” Lautz asks. Discussion over income between the clients is also essential, as Lautz notes that will become an issue when it comes time to divvy up the down payment and closing costs in very similar ways, so they are earning equity in the same way. “Questions like that may get into the nitty-gritty, but I do think it’s important for keeping that relationship and the home-buying transaction on track as well about what is realistic and what may not be realistic.” Having gone through it himself, Ritacco says that he also started working with friends that want to partner up to buy a home. Part of his guidance strategy is helping his clients identify their “exit strategy” before going into a co-buying partnership. This typically involves determining how long they intend to live in the property and how they want to approach selling or renting it out when one or more parties is ready to move. “You have to understand what your options are and what your rights are,” he says, noting that he gets “granular” with his clients when working out the details so that each party is comfortable entering into the deal from the beginning. “It’s really about understanding every step of the process and what is expected of everybody,” Ritacco says. “It’s a joint venture. You’re just changing it from that typical investment-focused agreement to adopting it for a joint venture for a primary.” According to agent Kate Wright at Better Home and Gardens Real Estate Metro Brokers in Atlanta, Georgia, taking a deep dive into buyer goals and expectations during an opening consultation is a helpful tool to mitigate future issues. “That way, I know what they are looking for and what their goals are, and I can direct them toward the best avenue for pursuing the purchase,” Wright says, adding that her market has been popular among millennial buyers because of its affordability. Wright’s pool of millennial co-buyers have already bought their first home and have joined friends to start investing in other properties. While she admits that her pool of first-time buyers co-buying is negligible in her market, broker Shonna Peterson at the Warmack Group with Keller Willams in Seattle says that the trend is popular with the millennial investment group. Peterson notes that investor buyers’ motivation focuses more on the numbers and turning a profit rather than living in the home primarily. Despite the difference in approaches and desired outcomes, Peterson indicates that managing emotions is essential to navigating millennial investors. “While they have a great grasp on the numbers, there does still tend to be an emotional component just because it’s human nature to get somewhat competitive when you know that the competition is stiff,” Peterson says. Legal Protection While the trend of co-buying opens doors to homeownership, it’s not without its challenges, which is why agents told RISMedia that they encourage their clients in co-buying situations to speak with legal experts. Real estate attorney Edwin Farrow recommends hashing things out in writing before closing on a home when it comes to co-buying partnerships. “What they’ve done is create a partnership, and partnerships can go bad,” Farrow says. “You need to know what happens in the event the partnership is dissolved, keeping in mind the fact that the bank doesn’t care that you’re friends and agreed to whatever you agreed to.” Farrow’s co-buying clientele typically consists of unmarried couples and family members teaming up to buy homes together. He indicates that getting a better understanding of the risks and benefits of teaming up to buy a property together is vital for any buyers looking to take this route toward homeownership. Eric Smith, a real estate attorney with Timoney Knox in Fort Washington, Pennsylvania, echoed similar sentiments, adding that the biggest problem that he notices among co-buyers is that many tend to bypass getting a written agreement before closing on their home. If the partnership doesn’t end amicably, Smith says a written agreement could save buyers “tens of thousands of dollars in attorney fees” if their friendship or relationship dissolves and they end up selling the property. “In the end, it will be costly to prove that the person who paid the down money is entitled to get it all back or any of it back,” he says. By default, Smith says tenants in common (TIC) is the route that clients take. The option gives each property owner an “undivided interest of the whole thing in equal shares.” “It essentially means that each owns a slice of the pie,” Smith says, adding that shares can be passed on to an heir in the event of a death. A joint tenancy with the right of survivorship is another route, Smith explains, noting that each partner owns the whole property together, and the last of them to die would keep everything. “You could also imagine a circumstance where you might have a number of people who buy a piece of property as legitimate business partners,” Smith says. He thinks the best option is to buy with an entity—like a limited liability company—so parties can have an operating agreement for the property. “It just makes it easier to manage,” Smith opines. Jordan Grice is RISMedia’s associate online editor. Email him your real estate news ideas to jgrice@rismedia.com. The post Millennials Collaborating to Attain the American Dream of Homeownership appeared first on RISMedia......»»

Category: realestateSource: rismediaNov 23rd, 2021

Dow Gains Over 200 Points to Begin May

Dow Gains Over 200 Points to Begin May Recovery stocks had a strong start to the new month (and week) on Monday, sending the Dow higher by more than 200 points as investors remain encouraged by a solid earnings season and a rapid pace of vaccinations. They’re also feeling pretty good about Friday’s all-important jobs report. The Dow enjoyed the best performance of the day by advancing 0.70% (or nearly 240 points) to 34,113.23. The S&P rose 0.27% to 4192.66, but the NASDAQ slipped 0.48% (or about 67 points) to 13,895.12. Stocks are coming off a very impressive April that saw the S&P and NASDAQ each advance by more than 5%. The Dow was up 2.7%. We enjoyed strong earnings, solid economic data and a Fed that constantly reiterated its super dovishness throughout the month. We’re also returning from a week dominated by Big Tech earnings reports, especially Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL), Facebook (FB) and Amazon (AMZN). These tech giants all beat on both the top and bottom lines in their quarterly reports. And yet, the market was still disappointed with the results, which is what happens when you’re looking for perfection. The FAANGs + MSFT were down again on Monday, except for AAPL. The iPhone maker managed to gain 0.82%. Speaking of earnings season, we’re still in the thick of it! Those tech names may take up most of the oxygen in the room, but there are still over 1,000 names going to the plate this week. Some of tomorrow’s big reports come from Pfizer (PFE), CVS (CVS), ConocoPhillips (COP) and Activision Blizzard (ATVI).      But the biggest story of the week will likely be Friday’s Government Employment Situation. As you no doubt remember, last month’s report (which was released on Good Friday when the market was closed) was nothing short of epic. The economy added over 900K jobs, which was 250K better than expectations and doubled the previous month. And the market is expecting nearly 1 million more in this report as well! Today's Portfolio Highlights: Technology Innovators: After selling three names last Friday (including cashing in a more than 50% winner), Brian thought it was time to “fill in some of the holes”. On Monday, he added Smart Global (SGH), a designer, manufacturer and supplier of electronic subsystems to OEMs. The company has beaten the Zacks Consensus Estimate in each of the past four quarters with an average surprise of 7.1%. Rising earnings estimates have made SGH a Zacks Rank #1 (Strong Buy), while the editor “loves” the valuation here with solid growth being presented as well. Shares of SGH were as high as $55 not too long ago, so it has a lot of ground to recover. Read the full write up for more specifics on this new addition. Counterstrike: The casinos will be among the biggest beneficiaries of the economy’s grand re-opening, which was clearly on display in the quarterly report from Boyd Gaming (BYD). This Zacks Rank #1 (Strong Buy) operates a multi-jurisdictional gaming company with properties in as many as 10 states, including Nevada, Illinois, Missouri, Ohio and Pennsylvania. The company beat the Zacks Consensus Estimate by 111% in its recent report, but still slipped about $10 afterwards like so many other strong performances this earnings season. But that's all right since it opens a fantastic opportunity for Jeremy. He added BYD on Monday with a 6% allocation, while also selling eBay (EBAY) for a 9.4% return in two months and Rocket Companies (RKT) for a loss. Surprise Trader: The past two quarters saw Gildan Activewear (GIL) beat the Zacks Consensus Estimate by triple digits! And now it has an Earnings ESP of 7.69% for the quarter coming after the bell on Wednesday. There’s no way of telling if GIL is set for another outsized surprise, but it does seem poised for a third straight beat. Dave added this Zacks Rank #2 (Buy) on Monday with a 12.5% allocation, while also selling Potlatch (PCH) for a slight 0.6% increase in less than two weeks. Read the complete commentary for more on today’s action. Blockchain Innovators: The dry bulk shipping stocks had a strong session on Monday, which helped Danaos (DAC) become the best-performing stock on the day among all ZU names. Shares jumped 13.5% today and it’s now up approximately 130% in the service since being added in early January. DAC is a leading international owner of containerships and chartering vessels to many of the world’s largest liner companies. The company reports again in two weeks and will be going for a 15th straight positive surprise. Black Box Trader: Half of the portfolio was replaced in this week's adjustment, which included a double-digit winner and a couple other positive returns. The stocks that were sold on Monday included: • Deutsche Bank (DB, +13.3%) • Toll Brothers (TOL, +5.7%) • ConocoPhillips (COP, +1.8%) • CNH Industrial (CNHI) • US Steel (X) The new buys that filled these open spots were: • Dow (DOW) • Graphic Packaging (GPK) • KBR (KBR) • Nucor (NUE) • Olin Corp. (OLN) Read the Black Box Trader’s Guide to learn more about this computer-driven service. Headline Trader: "In the past 9 years, the S&P 500 has illustrated an average return of 5.3% over this once quiet summer period (May through October). These six months of summer might have been a market vacation in the past, but this new market doesn't take any holidays, and selling in May is no longer a rewarding strategy. "That being said, I believe that an enormous amount of optimism has been priced into the markets, but as an investor, there is really no other place to put your money to work today. From real estate to commodities to cryptocurrencies, every other asset class is sitting at very expensive levels. Investors don't want to be holding fixed-income assets in an environment where interest rates are poised to keep rising. Obviously, cash is not attractive to be holding, with inflation already showing signs of soaring. "The stock market remains the most attractive place to put your money to work, despite its seemingly frothy levels." -- Dan Laboe Until Tomorrow, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Hyatt (H) Plans to Expand in the U.K. by Opening New Hotels

Hyatt (H) collaborates with Stratford City Hotels Limited for the openings of Hyatt Regency London Stratford and Hyatt House London Stratford. In a bid to strengthen its portfolio in the U.K., Hyatt Hotels Corporation’s H affiliate recently entered into a management agreement with Stratford City Hotels Limited (a subsidiary of M&L Hospitality) for the openings of Hyatt Regency London Stratford and Hyatt House London Stratford. Post the renovations, the company expects to open the properties by second-quarter 2022.Hyatt Regency London Stratford comprises 225 guestrooms with 6,673 square feet of meeting space. It also comes with a restaurant, bar and an open-air terrace. Meanwhile, Hyatt House London Stratford features 127 guestrooms comprising modern, apartment-style suites with fully-equipped kitchens and flexible workspaces.Located within Europe’s Westfield Stratford City, the properties also offer convenient access to Heathrow International Airport, Stratford Station, London convention center and universities, including the East campus of the University College of London and the new College of Fashion.With reference to the opening, Felicity Black Roberts, vice president of development Europe, Hyatt, stated, “The addition of these two hotels will be another exciting step in growing Hyatt’s brand presence in the United Kingdom and in creating a network of hotels across the key commercial and leisure markets in the country.”Increased Focus on ExpansionHyatt aims to differentiate its brands by providing distinct travel experiences. Hyatt is also consistently trying to expand its presence on a worldwide basis in Asia-Pacific, Europe, Africa, the Middle East and Latin America.Hyatt, along with the collaboration of M&L Hospitality, opened Hyatt Regency Manchester and Hyatt House Manchester, Hyatt Place London Heathrow Airport in the U.K. market. Other properties in the region include Hyatt Regency London – The Churchill, Hyatt Regency Birmingham, Great Scotland Yard Hotel, Andaz London Liverpool Street, Hyatt Place West London Hayes, Hyatt Centric Cambridge and Hyatt Place London City East.The company announced a solid pipeline of developments that are likely to cater to the company’s intention of global market expansion. For Europe and the Middle East, the company announced the addition of Magma Resort Santorini (part of The Unbound Collection by Hyatt brand), 7Pines Resort Sardinia (part of the Destination by Hyatt brand) and Thompson Madrid with expected openings in mid-2022 and Andaz Doha with an expected opening in late 2022. Hyatt also revealed the addition of Alila Lanzarote, Grand Hyatt Lanzarote and Park Hyatt Riyadh Diriyah Gate, with expected openings in 2025.We believe that expansion in these markets would likely help the company gain market share in the hospitality industry and boost business.Image Source: Zacks Investment ResearchIn the past year, shares of the company have gained 21.9% compared with the industry’s 10.6% growth.Zacks Rank & Other Key PicksHyatt currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.Some other top-ranked stocks from the Zacks Consumer Discretionary sector are Guess, Inc. GES, Crocs, Inc. CROX and RCI Hospitality Holdings, Inc. RICK.Guess sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 1.8% in the past three months.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels.Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have increased 45.3% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and EPS indicates a rise of 48.8% and 25.8%, respectively, from the year-ago period’s levels.RCI Hospitality sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 75.8% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hyatt Hotels Corporation (H): Free Stock Analysis Report Guess, Inc. (GES): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

Marriott (MAR) on Expansion Spree, Signs 599 Agreements in 2021

Marriott (MAR) provides an update on 2021 development progress. In 2021, the company signed 599 agreements, which reflect roughly 92,000 rooms. Marriott International, Inc. MAR provided an update on 2021 development progress. The company witnessed robust growth in 2021, and the trend is likely to continue in 2022 and beyond.At the end of 2021, the company had approximately 8,000 properties and nearly 1.48 million rooms in 139 countries and territories. At the end of 2021, the company had nearly 485,000 rooms in the development pipeline.In 2021, the company signed 599 agreements, representing roughly 92,000 rooms. More than half of the rooms are located outside of the United States and Canada. Last year, it added more than 86,000 rooms on a gross basis to its portfolio, up 3.9% year over year.Stephanie Linnartz, president of Marriott International, said “Our analysis of the prevalent trends in global development is particularly instructive as we continue to recover from this global pandemic. We have been focused on working closely with our valued community of owners and franchisees throughout these unprecedented times.”In 2021, the Zacks Rank #3 (Hold) company signed 40 luxury hotel deals, which represent more than 6,000 rooms. The company’s portfolio of luxury hotel rooms increased by 4.8%. In 2022, the company expects to debut more than 30 luxury hotels in 2022 in destinations from Mexico (The St. Regis Kanai Resort) and Portugal (W Algarve) to Australia (The Ritz-Carlton, Melbourne) and South Korea (JW Marriott Jeju Resort & Spa).Image Source: Zacks Investment ResearchStock PerformanceShares of Marriott have gained 23.8% in the past year, compared with the industry’s rally of 11.8%. The company has been benefiting from a continuous focus on expansion initiatives, digital innovation and loyalty program. It witnessed improved occupancies in Europe, owing to the reopening of international borders and the easing of travel restrictions. Meanwhile, Marriott is consistently trying to expand presence worldwide and capitalize on the demand for hotels in international markets.Key PicksSome better-ranked stocks from the Zacks Consumer Discretionary sector include Guess', Inc. GES, Crocs, Inc. CROX and RCI Hospitality Holdings, Inc. RICK.Guess sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 97%, on average. Shares of Guess have increased 1.8% in the past three months. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for GES’s 2022 sales and EPS suggests growth of 38.6% and 4,342.9%, respectively, from the year-ago period’s levels.Crocs flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 41.6%, on average. Shares of Crocs have surged 45.3% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and EPS indicates a rise of 48.8% and 25.8%, respectively, from the year-ago period’s levels.RCI Hospitality sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have soared 75.8% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR): Free Stock Analysis Report Guess, Inc. (GES): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2022

My State MLS to Host Free, Educational Webinars for Real Estate Professionals

What/Who: My State MLS, the first nationwide Multiple Listing Service of its kind with agents in all 50 states and Puerto Rico, is hosting free webinars in January, February and March for real estate professionals looking to grow their career and market their listings with an MLS that caters to... The post My State MLS to Host Free, Educational Webinars for Real Estate Professionals appeared first on Real Estate Weekly. What/Who: My State MLS, the first nationwide Multiple Listing Service of its kind with agents in all 50 states and Puerto Rico, is hosting free webinars in January, February and March for real estate professionals looking to grow their career and market their listings with an MLS that caters to their specific needs. The webinars will teach real estate professionals how to grow their business, how to use new tools that My State MLS offers its members, including how to upload manufactured housing listings to MHAuthoirty.com. All webinars take place on Thursdays from 2-3 p.m. ET. Please see the webinar schedule and registration details below: New Year, New Growth – January 20, 2-3 p.m. ET Getting a head start on resolutions? It’s no secret that the past few years have been characterized by a real estate frenzy, and early predictions indicate that 2022 likely won’t be much different. On this webinar, My State MLS will cover its top tips to keep that momentum going to grow a business, territory and team. David Mink, vice president of operations and national trainer for My State MLS, will be the moderator. New Career in the Real Estate and CE Shop – January 27, 2-3 p.m. ET The real estate and mortgage industries constantly evolve – and real estate education should too. My State MLS offers innovative CE Shop courses, created by industry experts, that are designed with real estate professionals’ success in mind, no matter if they’re new to the industry or a seasoned veteran. David Mink, vice president of operations and national trainer for My State MLS, will be the moderator. My State MLS Pro Search and Networking – February 10, 2-3 p.m. ET Professional Search is one of the most powerful tools for members of My State MLS. In this webinar, My State MLS will show attendees how to gain an edge on the competition, quickly laser target properties for clients, easily appraise property values, and how to network with other agents for those valuable referrals. David Mink, vice president of operations and national trainer for My State MLS, will be the moderator. Open Listing Advertisement – February 17, 2-3 p.m. ET Use Open Listings to get leads, advertise, and expand your business. Learn how to post Open Listings that will show up on My State MLS’ public search. The member’s photo, name, and company will also be promoted on all their listings with this upgrade on My State MLS. Dawn Pfaff, founder and president of My State MLS, will be the moderator. MH Authority – February 24, 2-3 p.m. ET My State MLS listened to industry professionals to provide the tools that mobile and manufactured housing professionals really need and have an exclusive website (MHAuthority.com) for these listings. Sign up for this webinar and My State MLS will explain how to upload listings, get leads, and more. David Mink, vice president of operations and national trainer for My State MLS, will be the moderator. Series: How to Win Listings for Different Types of Builds – March 10, 17, 24, 2-3 p.m. ET In this month-long series, My State MLS will show real estate professionals how to get listings in new construction developments, pre-selling and re-selling multi-family homes, and how to list and sell exotic and unique properties. David Mink, vice president of operations and national trainer for My State MLS, will be the moderator. To register, real estate and aspiring real estate professionals can visit: www.mystatemls.com/webinar_schedule When: 2–3 p.m. ET Thursday, Jan. 20 Thursday, Jan. 27 Thursday, Feb. 10 Thursday, Feb. 17 Thursday, Feb. 24 Thursday, March 10 Thursday, March 17 Thursday, March 24 Where: Online. Participants will receive online directions with next steps after registering here. Cost: FREE How: Visit www.mystatemls.com/webinar_schedule to register. The post My State MLS to Host Free, Educational Webinars for Real Estate Professionals appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyJan 21st, 2022

Fractured MLS Landscape Begins Embracing Tech, Consolidation

It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of […] The post Fractured MLS Landscape Begins Embracing Tech, Consolidation appeared first on RISMedia. It is not the flashiest or most dynamic part of the real estate industry. The concept of a Multiple Listing Service, or MLS, goes back more than 100 years when local boards would meet in a dusty office and exchange paper copies of listings. Eventually, these were consolidated into larger volumes accessible by members of local or regional associations, before the dawn of the internet blurred regional lines and gave broad access to listing data for both consumers and real estate professionals. Today, the MLS landscape retains vestiges of that fractured, paper-driven local data sharing. But as technology has improved, regulations have tightened and consumers have found other avenues to access home listing data, the traditional MLS needed to evolve. Exactly what this means, though, varies widely, and companies across the country are taking very different approaches to consolidation, expansion and tech investments—all of which could upend the traditional methods real estate data is shared and accessed. “The real benefit is modernization, and giving the consumer something they expect in the year 2022,” says Michael Barbaro, President of SmartMLS in Connecticut Like many regions, Connecticut was once divided into dozens of individual MLS organizations, which eventually consolidated into two larger companies with overlapping and sometimes arbitrary boundaries. Barbaro describes all-too familiar scenarios with agents paying multiple fees and signing into different systems, and consumers receiving clunky, redundant and inconsistent listing data. But in 2017, following a blitz of meetings, surveys and compromises, SmartMLS became the state’s main—though still not sole—MLS service, consolidating the two previous systems and staff to serve over 90% of the state. This merger was the subject of a glowing case study report by the National Association of REALTORS® (NAR), which lauded Barbaro’s ability to foster relationships and come up with innovative solutions (having co-CEOs for the new company and realigning fee structures, among other things). Almost five years later, Barbaro says this process—which took a lot of work but only about six months to put together—has allowed the combined MLS to better serve both real estate professionals and consumers while also investing in the technology that will be needed to keep SmartMLS from falling behind. “We are looking to change the game of real estate,” Barbaro says. “I’ve been encouraged by the fact that MLSs are starting to see the writing on the wall.” But in the enormous, diverse landscape of the U.S., how applicable is the experience of one small Northeast state? How realistic is it to expect big metros and tiny villages, huge national brokerages and small local teams to use the same platforms and data? Not too unrealistic, according to Jon Coile, vice president of MLS & Industry Relations for HomeServices of America and former chair of BrightMLS, a large, multi-regional MLS in the Washington D.C. and Philadelphia area. Coile is currently helping lead NAR policy studies focused on the MLS industry, which has considered state-wide standards to help eliminate some of the obvious issues with the current landscape. “I have a state license, I can sell anywhere in the state,” he says. “But in states where they don’t share data, I might have to and belong to 15 or 20 MLSs to get access to the data. Meanwhile the consumer, they just go to one website—Zillow or Redfin or whatever—and they can access everything. So, the consumer knows more about real estate than I know as a REALTOR®, and that makes no sense.” Data-sharing, with some number of MLS companies creating a separate database that contains all their listing data and standardizes platforms or entries is not a new concept, and seems like common sense in the face of Zillow. Some have still resisted—Barbaro says there are a couple MLSs in small, affluent Connecticut towns that are holding onto their independence. Brian Donnellan is the CEO of BrightMLS. He made it clear that the data-sharing approach is both “extremely effective” and widely beneficial to consumers, real estate professionals and the MLSs themselves. “By providing both more access to listings on the buying side, and more exposure on the seller side, consumers have more choice among a wider range of listings,” Donnellan says. “The shift toward working from home for many buyers and sellers has opened up a larger area of possibilities for many consumers.  More options presented in a simple and straightforward way helps agents and brokers serve consumers more efficiently.” One solution to the regionalization problem is to disregard these local boundaries entirely. Dawn Pfaff runs My State MLS, which offers a national platform that attempts to create flexibility and an expansive, unrestricted listing landscape—including auctions and manufactured homes. “The biggest advantage to My State MLS, is that you can list anywhere you are licensed,” Pfaff says. “We believe that cooperation is essential, and we agree to cooperate with everyone who is also licensed in the same state.” Joe Rand is the CEO of another national initiative called the Broker Public Portal (BPP), which powers consumer portal HomeSnap.The idea is to create a set of standards behind a Zillow-type national portal that is more agent-focused and doesn’t monetize leads, instead creating a more level playing field that will still provide the national MLS experience for consumers. “I just don’t see how MLS systems can be cordoned off the way they used to be,” Rand says.  “Smart MLSs realize they can’t shield themselves from the outside world. As brokerages get bigger, they’re increasingly frustrated by having to deal with multiple MLS systems that don’t collaborate with each other. Given that MLSs themselves espouse cooperation among brokers, it makes sense that they should also be cooperative with each other. “ Ruth Hackney is the CEO of the REALTORS® Association of Southwest Wisconsin, and former CEO of the Montana Regional MLS. She says Wisconsin has had state-wide data sharing for more than a decade now, with the platform owned by the three largest MLSs in the state while smaller companies maintain some independence. Those relationships have been defined by convivial discussion and consideration of each other—something that not every state or region can claim. “Wisconsin is a very friendly place. Nobody wants to hurt anyone’s feelings or make anyone upset, so when we go forward, we want to make sure we’re going forward together,” she said. Because everyone is essentially happy with the current system, Hackney says there is no strong impetus for further consolidation right now. But at the same time, having larger, more formal partnerships and centralized resources is becoming vital to the success of any MLS. Tech Savvy New York City is an almost incomparably unique geographic and political area, and therefore unique as far as real estate as well. The Real Estate Board of New York, or REBNY, is independent of NAR unlike most local associations, having essentially seceded from the national body in 1994 in a dispute over membership fees. REBNY owns its own listing database which technically is not called an MLS, instead christened “RLS,” or “Residential Listing Service.” Other associations around and in the city—which are affiliated with NAR—continue to compete for territory and offer their own MLSs. In this much more cutthroat environment, (REBNY Board of Governors member Fredrick W. Peters described the history of MLS in the city as “warring fiefdoms”) the priority is to provide a better product. Because MLS companies are tech companies at heart, that means having the best technology. Ninve James is the senior vice president of the RLS serving 12,000 agents and $45 billion in listings. Set to launch in the second quarter of 2022, James touts “Citysnap,” a proprietary consumer-facing website and app exclusive to the RLS built by HomeSnap. “I know it’s something the industry has been looking to have for a while,” she says. For real estate professionals, leads are routed directly to the listing agent or broker at no cost, James says, and there are no listing fees. It is also meant to ensure all listings comply with the complex advertising and fair housing laws in the city. Creating that product, which is molded to the unique NYC landscape, along with migrating the RLS to national software and data standards, is the “big thing” for the organization, James says, and Citysnap is an “all hands on deck” project. Though REBNY, as the oldest and most established real estate association in the country’s largest metro, has a huge head start on the competition, James makes it clear that they will not be sitting back. “It’s going to provide much needed data transparency for New Yorkers, which is a huge win for our city’s real estate industry and consumers,” she says. Donnellan highlights BrightMLS’s hub for showing service, which became an especially important tech integration in the “incredibly busy market” of the last year or so. “It’s about speed—what’s coming on the market, what’s available at any given moment, etc. Agents and brokers need to be able to present the fullest, most complete representation of the market to their clients as quickly as possible,” he says. Not everyone in the MLS world has reacted in a timely manner to innovations and opportunities, according to Barbaro, particularly around technology. Companies and products that are pushing the industry forward are being bought out at “ridiculous valuations,” and he argues there is no reason that MLS companies can’t begin investing in these products themselves rather than relying on vendors. “I’ve been talking about this for years, I don’t understand why we don’t own the technology, why we don’t develop the technology,” he says. “We use them, we’re a captive audience. Now we’re finally starting to see come out there.” Barbaro points to one of the largest MLSs in the country, California Regional MLS, which recently invested $15 million in a venture capital fund to take a more direct hand in its own tech future. My State MLS also owns their own tech, and Pfaff says their clients can feel confident knowing their membership fees are being invested directly into improving software and data technology. But even small MLSs can band together, he adds, and take control of their technology future, with Barbaro saying there are numerous cases of half a dozen or so small companies getting together to buy a product or invest in a technology, to the benefit of all. “I think that the most important tech advancements are all about integration of tools by smart tech providers,” Rand says. “People want technology to be seamless, which you can’t achieve if you’re not ethically sharing data across platforms to better service agents and consumers.” In Wisconsin, Hackney says the three largest MLS companies own the software that powers the state-wide shared database. She describes tech advancement as “staff-driven” and mostly starting with leadership in the larger organizations, with any big decision or change inclusive of all the members who share and use it. “We just sit down and start to brainstorm,” Hackney says. “We’re just constantly kind of keeping our eye out—is an MLS already doing something and it’s working? Then how can we adopt that and make it work for our unique system?” The Devil in the Details It is not these big-picture questions that are hampering growth and cooperation in the MLS industry today, according to Barbaro. Nearly everyone has now woken up to the fact that consumers are turning to Zillow and Redfin for listings, and that technology can and must make the MLS experience simpler and more straightforward for real estate professionals. What makes things difficult is every little structural and bureaucratic line that has been drawn. That can be everything from what data fields to use to staffing responsibilities, and can take an enormous amount of effort and time to find consensus among dozens of organizations with their own histories and structure. Barbaro says the case study on SmartMLS did not allow any specific discussions about staff ahead of the merger and created a new streamlined fee structure and had the state association offset costs of legal fees and meeting expenses. A lot of real estate professionals are happy with their MLS staff and service, Barbaro suggests, and even though there were obvious improvements to be made in Connecticut they still wanted to hang on to staff “People are like, ‘I get good service,’ and I thought that was interesting. Most people really care about that, and there is an amount of that,” he says. All these things were worked out, though, in a relatively short time through a lot of conversations and listening to people’s concerns, according to Barbaro—with the NAR case study saying his role was “highly praised” as he “created a partnership atmosphere” through the delicate process. Though REBNY is not in the same situation as far as mergers or consolidation, James says that the RLS also must work hard to listen to their stakeholders, who are made up of a particularly vibrant and diverse real estate community. “We’re in constant communication,” James says. “We have multiple committees across the city that basically get updates and meet on a constant cadence to make sure that we send out communications and stay in touch with our constituents.” Understanding how New York City functions—whether that means adding data fields for things like which buildings have doormen and elevators, or mapping distance to parks and transportation—will be vital to the success of any system in the city, and James says the RLS is building that through feedback. “When you look at Citysnap it will cater to what’s expected in New York City,” she says. Coile says that the Real Estate Standards Organization, or RESO has come up with what he calls a “data dictionary” that can actually translate those regional differences automatically and eliminate the sticking points for MLSs. For example, checking the same box would result in a property being designated “waterfront” in one region or “shorefront” in another depending on the preference. “All the computer knows is that field F42 is on or off,” he says. “There could be 10 different words in there.” Fees and pricing will always be an issue and will definitely need to be worked out, though Coile says that consolidation almost always results in lower costs for technology as companies can get a lower price per agent if they serve hundreds or thousands instead of dozens. Pfaff touts My State MLS for not having any fines or board membership requirements, which is another way to attract more business, and says that they also offer webinars on things like digital marketing to help add value to the service. Membership to a single, national MLS also makes sense in more rural areas where properties are spread out, she says. Even though BrightMLS exists in a limited geographic region, Donnellan agrees that eliminating “digital boundaries” that are often arbitrary and mean nothing to the consumer will be the future of the industry. “We…have the opportunity to continue to lead the way on further market transparency for the benefit of consumers,” he says. “Ultimately, this clear open market is in the best interest of all. Transparency and a complete most accurate picture of the market puts them in a position to help their clients succeed.” MLSs are businesses, and at the end of the day if they are not serving the best interests of clients and consumers, they are not going to survive, and no amount of history or pushback from the old guard will change that. Hackney says that she experienced some of the difficulties in getting different organizations to work together in her previous role in Montana, which was in the process of merging MLSs at the time. Now in the very convivial landscape of Wisconsin, she says she still holds on to that lesson: that an MLS is first and foremost a tool for clients and consumers. While everyone does their utmost to avoid disruption and maintain staffing, there still has to be a willingness—especially at the top—to accept the inevitability of change. “The goal is to create efficiencies, and as staff it’s our job to serve the best interests of the member,” she says. “When you have a really strong MLS executive, those people are going to see the benefit of it, they’re going to be willing to make compromises.” Jesse Williams is an associate online editor at RISMedia. Email him with your real estate news ideas jesse@rismedia.com The post Fractured MLS Landscape Begins Embracing Tech, Consolidation appeared first on RISMedia......»»

Category: realestateSource: rismediaJan 21st, 2022

At his Arizona rally, Trump played a supercut of NY Attorney General Letitia James, who is investigating his real estate company for fraud, labeling her an "unhinged liberal"

James is investigating whether Trump organization officials artificially inflated or deflated the value of properties for loan and tax purposes. New York Attorney General Letitia James presents the findings of an independent investigation into accusations by multiple women that New York Governor Andrew Cuomo sexually harassed them on August 3, 2021 in New York City.Photo by David Dee Delgado/Getty Images New York Attorney General Letitia James is leading a civil fraud investigation into the Trump Organization's business dealings. During his rally in Arizona, Donald Trump claimed he did not know who she was.  In December, Trump filed a lawsuit against James, accusing her of harassing him with investigations. On Saturday, former President Donald Trump held a rally in Florence, Arizona, where he played a supercut mocking New York Attorney General Letitia James, who is currently leading a fraud investigation into the Trump Organization."Keep our prosecutors out of politics because this could work very much in the other direction also, and all it takes is a few more votes and it'll work in the other direction. And that would be very, very sad," Trump said, before directing attendees to watch the video.Clips showed James repeatedly calling Trump an "illegitimate president," stating that prosecutors need to focus on following his money. In the final frame, "unhinged liberal" was superimposed over James' face.While Trump claimed on Saturday that he didn't know "who the hell she is," he filed a lawsuit against James last month accusing her of trying to "harass" him with investigations.James' probe is focused on whether Trump organization officials artificially inflated or deflated the value of properties for loan and tax purposes, respectively.On December 1, James issued subpoenas to the former president's eldest children, Ivanka Trump and Donald Trump.Eric Trump, executive vice president of the Trump Organization, baselessly claimed that the investigation is "unconstitutional" during an interview with Sean Hannity on Monday. —Acyn (@Acyn) January 11, 2022 "It violates the Consitution. It's unethical. It's wrong," Eric Trump said. "This is what you'd expect from Russia. This is what you'd expect from Venezuela. This is third-rate stuff."Read the original article on Business Insider.....»»

Category: dealsSource: nytJan 16th, 2022

Caesars Entertainment (CZR) Partners With MSU Athletics

Caesars Entertainment's (CZR) Caesars Sportsbook turns sports betting partner for MSU Athletics. The partnership emphasizes responsible sports gaming and education for the MSU community. Caesars Entertainment, Inc. CZR recently announced a collaboration with Michigan State University (“MSU”) Athletics, thereby naming Caesars Sportsbook as the latter’s official sports betting and iGaming partner.Facilitated by MSU's third-party multi-media rights holder, Playfly Sports, the partnership provides Caesars Sportsbook with access to MSU athletics’ broadcast and digital content as well as signage across basketball, football and hockey. Also, it emphasizes the expansion of responsible sports gaming and education for the MSU community.The multi-year agreement includes the entitlement of a new premium seating area inside the Spartan Stadium and outdoor tailgating area (expected to debut during the 2022 football season) as well as access to alumni and fan engagement opportunities. Moreover, the association involves the integration of the company’s loyalty program, Caesars Rewards. This facilitates bettors with credits and a tier status that can be used to unlock unbeatable experiences within the Caesars portfolio of properties and partnerships.With respect to the collaboration, Eric Hession, co-president of Caesars Digital, stated, "Michigan State has a proud tradition of excellence and partnering with an internationally recognized brand in college athletics is a great opportunity for us."Meanwhile, Caesars Entertainment continues to emphasize sports-betting expansion to drive growth. To this end, the company formed a new Caesars Digital segment comprising sports betting, iGaming and poker. As of Jan 14, 2022, the company operates sports betting in 21 jurisdictions, of which 15 are mobile. Going forward, the company anticipates rolling out iCasino offerings in New Jersey and West Virginia in the fourth quarter of 2021, subject to regulatory approvals. Further, it expects to complete the migration of its legacy up to Washington, D.C., Nevada, Pennsylvania and Illinois to the Liberty platform in 2022. The company stated that its expanded gaming portfolio will be supported by improvements in its in-app merging technologies.Price PerformanceImage Source: Zacks Investment ResearchShares of CZR have gained 6% in the past year compared with the industry’s 5.3% growth. The company is benefiting from the solid performance of the regional destination properties. This, along with its focus on partnerships and property development, bodes well. Also, the improvement in occupancy levels is encouraging. The company continues to focus on the prospects derived from the William Hill acquisition. However, pandemic-related woes persist. Meanwhile, earnings estimates for 2022 have declined in the past seven days, depicting analysts’ concern regarding the stock’s growth potential.Zacks Rank & Key PicksCaesars Entertainment currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some better-ranked stocks from the Zacks Consumer Discretionary sector include Hilton Grand Vacations Inc. HGV, Bluegreen Vacations Holding Corporation BVH and RCI Hospitality Holdings, Inc. RICK.Hilton Grand Vacations sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 411.1%, on average. Shares of Hilton Grand Vacations have increased 60.9% in the past year.The Zacks Consensus Estimate for HGV’s 2022 sales and earnings per share (EPS) suggests growth of 27.7% and 154.4%, respectively, from the year-ago period’s levels.Bluegreen Vacations sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 695%, on average. Shares of Bluegreen Vacations have surged 158.8% in the past year.The Zacks Consensus Estimate for BVH’s 2022 sales and EPS indicates a rise of 7.6% and 0.4%, respectively, from the year-ago period’s levels.RCI Hospitality sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have surged 122.2% in the past year.The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesars Entertainment, Inc. (CZR): Free Stock Analysis Report RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report Hilton Grand Vacations Inc. (HGV): Free Stock Analysis Report Bluegreen Vacations Holding Corporation (BVH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 14th, 2022

I quit corporate real estate to join a CBD startup. I had to start at the bottom, but it was worth it.

Ellese Symons, now a VP, says she's happier and more fulfilled working toward a vision she believes in — even though she'll always love real estate. Ellese Symons says she transitioned into the CBD industry because she wanted to work at a company with a vision she believed in.Ellese Symons Ellese Symons is the VP of marketing at Balanced Health Botanicals, a family of CBD brands. After working in real estate for some years, she wanted to join a startup with a meaningful vision. She transitioned to the CBD industry first in a customer-service role and later in marketing.  Real estate is a part of my DNA. I moved around a lot growing up, and in my family a house wasn't just a home — it was an investment opportunity. I learned how to determine a property's worth based on its potential rather than its current state, and by the time I was 18 my parents had fixed and flipped over 70 homes across Colorado. After college, I joined my dad and sister in purchasing distressed multifamily apartment buildings and renovated them into beautiful properties. My sister and I later started our own company, Highline Residential, fixing and flipping residential homes in Colorado.For about two years business was booming and we loved the work. In 2012, more Wall Street investors moved into the Denver market and started outbidding us on homes. Eventually, our margins started to diminish, and it was time for a new business angle. In 2014, my sister and I were recruited to join Sotheby's International Realty as residential agents.After a few years, I wanted to work with corporate real-estate clientsIn spring 2016, I joined CBRE, a commercial real-estate brokerage firm. My role was to help technology startups find office space. The companies I worked with were full of young professionals eager to launch their organization's big idea. I was inspired by their passion and felt that my career path was missing something I'd learned as a kid — how to invest in potential. I decided to make a career change and wanted to plant roots in a small startup with a vision I could contribute to and believed in. As I explored my options, my father told me about a small company he'd invested in called CBDistillery. In 2016, CBD was just kicking off in the consumer-products market and only a small amount of people knew what it was. My opportunity came when my dad asked me to drop off Costco sub sandwiches to the CBDistillery employees who were packing and shipping Black Friday orders. The small team of six was working around the clock fulfilling thousands of orders. I was mesmerized by the grit and dedication of the team and immediately wanted to get involvedI offered to help and the team gladly accepted. While everyone focused on fulfilling orders, I stepped in to answer customer-service emails. On all accounts, I wasn't the most qualified customer-service candidate and was extremely fortunate to have the team put their trust in me. I spent hours doing research in order to answer customer questions, and many customers told me on the phone how CBD had changed their lives for the better. One customer with Crohn's disease said he was grateful for our Black Friday sale because it helped him afford a product that offered him the relief he needed. After also witnessing the effects of our products firsthand, I quickly became a believer that CBD was going to change the world and this company was going to be at the forefront of doing so. I was all in. After a year of working as a customer-service rep, I transitioned into a marketing role in March 2017Under the guidance of our former CMO Chris Van Dusen, I focused on content, SEO, building an affiliate program, creating email campaigns, optimizing the website, and launching new social-media pages. Chris was a great mentor and taught me a lot about the fundamentals of marketing. Today, I'm the vice president of marketing and lead a 12-person team. My marketing career has been unconventional, and I'll always have a love for real estateStill, I don't regret moving to the CBD industry — it feels great to do work that can make a difference and help people. If you're considering a career change, follow your gut. Even if you have to play catch up, you'll probably be more successful doing something you love. I also highly recommend finding a good mentor in the industry you want to join.For those interested in the CBD industry, my advice is to research your options and align with an organization that's doing things right. There are a lot of CBD brands cutting corners and not providing the best quality and safest products to customers. Make sure you start with a trustworthy company because they're more likely to be around in the long run.      Do you have an unconventional career path or have you made a unique career change? Email Laura Casado at lcasado@insider.com.Ellese Symons is the vice president of marketing at Balanced Health Botanicals, a family of hemp-derived CBD brands that include CBDistillery and BOTA. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 13th, 2022

OliveMill and Hunt Realty Form Long-Term Partnership

OliveMill Holdings, a newly launched commercial real estate firm, has formed a long-term partnership with Hunt Realty Investments and acquired 2801 North Central Expressway in Dallas, currently occupied by The Richards Group. Angelo Gordon is an equity partner in the transaction. OliveMill will oversee the property’s management and operations. In addition... The post OliveMill and Hunt Realty Form Long-Term Partnership appeared first on Real Estate Weekly. OliveMill Holdings, a newly launched commercial real estate firm, has formed a long-term partnership with Hunt Realty Investments and acquired 2801 North Central Expressway in Dallas, currently occupied by The Richards Group. Angelo Gordon is an equity partner in the transaction. OliveMill will oversee the property’s management and operations. In addition to the acquisition, OliveMill represented Hunt Realty Investments on the lease of JPMorgan Chase and Dallas Petroleum Club at 1900 Akard Street, home to Hunt Consolidated headquarters. OliveMill was founded by Chris Selbo, Peter Yates and Ryan McManigal in 2021. OliveMill is a full-service firm focused on investing, leasing, management services, and development. The company targets assets located in high-growth commercial and employment centers to maximize returns and value. “It’s an exciting time to be working in the office building segment, and we’ve found great partners with Hunt Realty Investments and Angelo Gordon,” said Selbo. “We look forward to a long relationship as we share a similar vision of focusing on the people aspect of office assets and leaving properties better than we found them.”   Prior to launching OliveMill Holdings, Selbo served as vice president at KDC and senior analyst at HFF; Yates served as vice president at KDC and senior leasing associate at Lincoln Property Company; McManigal served as senior vice president at KDC and vice president at KBS.   “With over 35 years of combined experience in commercial real estate, we have worked with and learned from some of the best in the business,” added McManigal.  “We understand the industry’s ups and downs, and the need to be nimble and adaptable, and we’re ecstatic for what the future holds.”  2801 North Central Expressway is a 240,000-square-foot Class AA office building developed in 2015 for The Richards Group. The 18-story building, known for a three-story staircase atrium as well as its highly transparent glass skin that displays the building’s colors, is located in the highly walkable and amenity-rich West Village, near a DART stop and the McKinney Avenue Trolley Line. “This is a bittersweet event for me personally. Of course, I am excited for Hunt Realty to be part of the group purchasing this tremendous building, essentially launching a new platform with some of my best friends in the industry in Ryan, Peter and Chris from OliveMill,” said Colin Fitzgibbons, President of Hunt Realty Investments. “My mom worked for The Richards Group for 25 years, so part of me is sad this building was even for sale. We will do our utmost to take care of this building Stan Richards meticulously developed just a short while ago, while at the same time making sure this is a successful investment for our new venture with OliveMill and Angelo Gordon.” OliveMill also represented Hunt Realty Investments on the leases in its headquarters at 1900 Akard Street. JPMorgan Chase will occupy floors 1 through 5 at 1900 Akard Street starting in fall 2022. Dallas Petroleum Club will occupy the top-floor location starting in early 2023. “The timing of the formation of our partnership with OliveMill was just perfect,” said Chris Kleinert, CEO of Hunt Realty. “We had not focused on the creating of operating companies as much as Hunt Realty has in the past but given the relationships and some unique opportunities in the market all coming together at the same time, we thought the potential was too great to pass up. The post OliveMill and Hunt Realty Form Long-Term Partnership appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyJan 13th, 2022

@properties Names Tim Ossmo CEO of Suburban Jungle Group

Real estate technology company and national brokerage firm @properties has hired Tim Ossmo as CEO of Suburban Jungle Group. In his role, he will provide leadership for all aspects of Suburban Jungle Group with an emphasis on strategic growth, as the company looks to raise its profile in its current markets and scale into new […] The post @properties Names Tim Ossmo CEO of Suburban Jungle Group appeared first on RISMedia. Real estate technology company and national brokerage firm @properties has hired Tim Ossmo as CEO of Suburban Jungle Group. In his role, he will provide leadership for all aspects of Suburban Jungle Group with an emphasis on strategic growth, as the company looks to raise its profile in its current markets and scale into new markets. Ossmo’s hire follows the acquisition of Suburban Jungle by @properties in June 2021. Ossmo most recently served as vice president of Media Operations at iProspect, one of the world’s leading digital marketing agencies. During his 16 years with the company, Ossmo led a 40-person team that drove business results for blue-chip brands, including Discover, Charter Communications and Cox Communications through paid media, creative and site experience. As head of iProspect’s Chicago office, he streamlined partner and client onboarding processes, brought new training opportunities to the agency and drove thought leadership for the agency, which manages more than $1.2 billion in media. Suburban Jungle offers pre-search consultation services to help homebuyers identify the best neighborhoods for their specific needs. The company’s strategists use in-depth client interviews, technology, and extensive local experience to recommend towns or neighborhoods for their clients. After referring a buyer to an expert real estate agent in that area, the strategist continues to work alongside both parties until the buyer finds a home. The firm’s Jungler app adds another layer of efficiency, allowing the buyer, agent and strategist to share resources, schedule appointments and give feedback. Ossmo will be tasked with expanding Suburban Jungle through digital strategies designed to generate leads and make more homebuyers aware of its offerings. “Tim’s leadership, creative vision and success in building brands through digital marketing made him the right choice as we look to strengthen Suburban Jungle’s brand awareness and market share in existing markets, and expand services beyond its current footprint,” said Mike Golden, co-founder and co-CEO of Suburban Jungle parent company @properties, in a statement. “I’m thrilled to join Suburban Jungle, which has the potential to be one of the top resources for homebuyers moving to a new neighborhood, as well as the best generator of high-quality leads for real estate agents,” said Ossmo. For more information, please visit www.atproperties.com. The post @properties Names Tim Ossmo CEO of Suburban Jungle Group appeared first on RISMedia......»»

Category: realestateSource: rismediaJan 7th, 2022

Reuters Data Scientist Fired After Nuking BLM Narrative, Exposing "Significant Left-Wing Bias" In Reporting

Reuters Data Scientist Fired After Nuking BLM Narrative, Exposing 'Significant Left-Wing Bias' In Reporting On Tuesday, we republished a column from a journalist who resigned from the Canadian Broadcasting Corporation because the network exhibited such extreme left-wing bias and propaganda that she couldn't be a part of it any longer. Today, bring you the story of Zac Kriegman, a former Reuters data scientist who was fired after performing a statistical analysis which refuted claims by Black Lives Matter, and spoke out against the company's culture of "diversity and inclusion" which unquestioningly celebrated the BLM narrative. As journalist Chris F. Rufo writes in City Journal: "Driven by what he called a “moral obligation” to speak out, Kriegman refused to celebrate unquestioningly the BLM narrative and his company’s “diversity and inclusion” programming; to the contrary, he argued that Reuters was exhibiting significant left-wing bias in the newsroom and that the ongoing BLM protests, riots, and calls to “defund the police” would wreak havoc on minority communities." Week after week, Kriegman felt increasingly disillusioned by the Thomson Reuters line. Finally, on the first Tuesday in May 2021, he posted a long, data-intensive critique of BLM’s and his company’s hypocrisy. He was sent to Human Resources and Diversity & Inclusion for the chance to reform his thoughts. - He refused—so they fired him. -City Journal Kriegman, who has a bachelors in economics from Michigan, a JD from Harvard, and "years of experience with high-tech startups, a white-shoe law firm, and an econometrics research consultancy," spent six years at Thomson Reuters, where he rose through the ranks to spearhead the company's efforts on AI, machine learning, and advanced software engineering. By the time he was fired, he was the Director of Data Science, and lead a team which was in the process of implementing deep learning throughout the corporation. Following the death of George Floyd, Kriegman described Reuters as a "blue bubble" where "people were constantly celebrating Black Lives Matter, where it was assumed that everyone was on board." The company asked employees to participated in a "21-Day Racial Equity Habit-Building Challenge," which promoted reparations, academic articles on critical race theory (on which Rufo has written extensively), and instructions on "how to be a better white person." The materials were both patronizing and 'outright racist,' writes Rufo. The Reuters workforce was told that their "black colleagues" are "confused and scared," and are barely able to show up to work. They allegedly felt pressured to "take the personal trauma we all know to be true and tuck it away to protect white people," who are unable to grasp the black experience because of their own whiteness. To right the wrongs of slavery and systemic oppression, white Reuters employees were told to let themselves get "called out" by minority colleagues, and then respond with "I believe you"; "I recognize that I have work to do"; "I apologize, I'm going to do better." Ultimately, white people are supposed to admit their complicity in systemic racism and repent for their collective guilt, because "White people built this system. White people control this system," according to a learning module from self-described "wypipologist" Michael Harriot. "It is white people who have tacitly agreed to perpetuate white supremacy throughout America’s history. It is you who must confront your racist friends, coworkers, and relatives. You have to cure your country of this disease. The sickness is not ours." Kriegman came to believe that the company’s “blue bubble” had created a significant bias in the company’s news reporting. “Reuters is not having the internal discussions about the facts and the research, and they’re not letting that shape how they present the news to people. I think they’ve adopted a perspective and they’re unwilling to examine that perspective, even internally, and that’s shaping everything that they write,” Kriegman said. Consequently, Reuters adopted a narrative that promotes a naïve, left-wing narrative about Black Lives Matter and fails to provide accurate context—which is particularly egregious because, unlike obviously left-leaning outlets such as the New York Times, Reuters has a reputation as a source of objective news reporting. A review of Reuters coverage over the spring and summer of 2020 confirms Kriegman’s interpretation. Though early articles covering the first days of the chaos in Minneapolis were straightforward about the violence—“Protests, looting erupt in Minneapolis over racially charged killing by police,” reads one headline—Reuters’s coverage eventually seemed like it had been processed to add ideology and euphemism. Beginning in the summer and continuing over the course of the year, the newswire’s reporting adopted the BLM narrative in substance and style. The stories framed the unrest as a “a new national reckoning about racial injustice” and described the protests as “mostly peaceful” or “largely peaceful,” despite widespread violence, looting, and crime. “More than 93% of recent demonstrations connected to Black Lives Matter were peaceful,” Reuters insisted, even as rioters caused up to $2 billion in property damage across the country. The company’s news reporters adopted the syntax of BLM activists. A May 8 story opened with the familiar “say their names” recitation, ignoring the fact that the first named individual, for example, had attacked a police officer, who was subsequently cleared of any wrongdoing: “Michael Brown. Eric Garner. Freddie Gray. Their names are seared into Americans’ memories, egregious examples of lethal police violence that stirred protests and prompted big payouts to the victims’ families.” Even as Seattle’s infamous “Capitol Hill Autonomous Zone” descended into lawlessness and saw the brutal murder of two black teenagers, the newswire’s headlines downplayed the destruction, claiming that the Seattle protests were “diminished but not dismantled.” -City Journal According to Kriegman, Reuters 'data-based fact checks' were also biased - and always in favor of BLM interpretations. In one instance, the wire service's "special report" claimed that "a growing body of research supports the perception that police unfairly target Black Americans. They are more likely to be stopped, searched and arrested than their white compatriots. They also are more likely to be killed by police." Reuters dedicated just two short paragraphs to refute the viewpoint, which it quickly dismisses to continue advancing the pro-BLM argument. Reuters made an evidence-free claim that qualified immunity - which is protected by the Supreme Court - is "rooted in racism." The company also hosted a panel with left-wing pundits to discuss criminal reform, which ended up uncritically promoting such policies as "defund the police," and who suggested that "hundreds" of unjustified police killings of black men "fail to win victims any redress." As usual, no facts backed up their claims. The company’s data reporting consistently re-contextualized accurate information about racial violence and policing in order to align with Black Lives Matter rhetoric. In a “fact check” of a social media post that claimed whites are more likely to be killed by blacks than blacks are to be killed by whites, Reuters concedes that this is factually accurate but labels the post “misleading”—in part because it doesn’t show that police kill black people at a higher rate than their share of the overall population, a completely unrelated claim. Likewise, when President Donald Trump accurately pointed out that police officers kill “more white people” than black people each year, Reuters immediately published a story reframing the narrative. Though the report admitted that “half of people killed by police are white,” the writers pushed the line that “Black Americans are shot at a disproportionate rate” and then used a quotation from the American Civil Liberties Union to paint the president as a “racist.” -City Journal "I did look through Reuters’s news, and it was concerning to me that a lot of the same issues that I was seeing in other media outlets seemed to be replicated in Reuters’s news, where they were reporting favorably about Black Lives Matter protests without giving any context to the claims that were being made at those protests [and] without giving any context about the ‘Ferguson effect’ and how police pulling back on their proactive policing has been pretty clearly linked to a dramatic increase in murders," Kriegman told Rufo. "At a certain point, it just feels like a moral obligation to speak out when something that’s having such a devastating impact is being celebrated so widely, especially in a news company where the perspective that’s celebrated is having such a big impact externally." Kriegman took two months off from Thomson Reuters to 'grapple with the statistical and ethical implications' of how the company was reporting on the BLM movement and related riots. While on leave, he embarked on a careful statistical investigation comparing BLM's claims on racism, violence and policing with hard evidence. The result: a 12,000-word essay, titled “BLM is Anti-Black Systemic Racism,” that called into question the entire sequence of claims by the Black Lives Matter movement and echoed by the Reuters news team. “I believe the Black Lives Matter (‘BLM’) movement arose out of a passionate desire to protect black people from racism and to move our whole society towards healing from a legacy of centuries of brutal oppression,” Kriegman wrote in the introduction. “Unfortunately, over the past few years I have grown more and more concerned about the damage that the movement is doing to many low-income black communities. I have avidly followed the research on the movement and its impacts, which has led me, inexorably, to the conclusion that the claim at the heart of the movement, that police more readily shoot black people, is false and likely responsible for thousands of black people being murdered in the most disadvantaged communities in the country.” Thomson Reuters, Kriegman continued, has a special obligation to “resist simplistic narratives that are not based in facts and evidence, especially when those narratives are having such a profoundly negative impact on minority or marginalized groups.” -City Journal The essay debunks three key claims of BLM activists and their media supporters. That police officers kill blacks disproportionately That law enforcement 'over-polices' black neighborhoods That policies such as "defund the police" will reduce violence. Rufo breaks down Kriegman's arguments:  First, Kriegman writes that the narrative about police officers systematically hunting and killing blacks is not supported by the evidence. “For instance, in 2020 there were 457 whites shot and killed by police, compared to 243 blacks. Of those, 24 of the whites killed were unarmed compared to 18 blacks,” he writes, citing the Washington Post database of police shootings. And though the number of blacks killed might be disproportionate compared with the percentage of blacks in the overall population, it is not disproportionate to the level of violent crime committed by black citizens. “Depending on the type of violent crime, whites either commit a slightly greater (non-fatal crimes) or slightly smaller (fatal, and serious non-fatal crimes) percentage of the total violent crime than blacks, but in all cases roughly in the same ballpark,” Kriegman writes. However, according to the Justice Department’s National Crime Victimization Survey data, “there are many more whites killed by police, even though whites account for a similar absolute number of violent offenders. Thus, if the number of potentially violent encounters with police reflects the violent crime rates, then the raw statistics suggest that there is actually a slight anti-white bias in police applications of lethal force.” To round out his case, Kriegman concludes with a study by Harvard’s Roland Fryer, which, according to Fryer, “didn’t find evidence for anti-Black or anti-Hispanic disparity in police use of force across all shootings, and, if anything, found anti-White disparities when controlling for race-specific crime.” Next, Kriegman takes up “over-policing.” Black Lives Matter activists and Reuters reporters had pushed the idea that police officers focus disproportionate attention on black neighborhoods and, because of deep-seated “racial bias,” are more likely to stop, search, and arrest black Americans “than their white compatriots.” While this might be true on its face, Kriegman writes, it misses the appropriate context: black neighborhoods are significantly more violent than white neighborhoods. If police want to reduce violent crime, they must spend more time in the places where violent crime occurs. Kriegman points out to his colleagues in Thomson Reuters’s Boston office that “the reason that police have more confrontations in predominantly black neighborhoods in Boston is because that is where the great bulk of violent crime is occurring,” with nearly all the annual murders happening in predominantly black neighborhoods such as Dorchester and Roxbury—far from the homes and offices of his colleagues in the professional-managerial class at Reuters. And Boston is hardly an outlier. According to Kriegman, the most rigorous statistical analyses demonstrate that violent-crime rates and policing are, in fact, highly correlated and proportionate. He quotes a Justice Department report which “found that for nonfatal violent crimes that victims said were reported to police, whites accounted for 48% of offenders and 46% of arrestees. Blacks accounted for 35% of offenders and 33% of arrestees. Asians accounted for 2% of offenders and 1% of arrestees. None of these differences between the percentage of offenders and the percentage of arrestees of a given race were statistically significant.” Finally, Kriegman addresses the policy implications of “de-policing.” Contrary to Reuters’s sometimes glowing coverage of the “defund the police” movement, Kriegman makes the case that de-policing, whether it occurs because of the “Ferguson Effect” or because of deliberate policy choices, has led to disaster for black communities. His argument, building on the work of City Journal’s Heather Mac Donald, follows this logic: after high-profile police-involved killings, such as those involving Michael Brown in Ferguson, Missouri, and George Floyd in Minneapolis, Minnesota, the Black Lives Matter movement and the media have demonized police departments and caused many officers to reduce proactive policing measures and to pull back from situations out of fear that they might need to use force. The result, according to data from a range of academic literature, is an increase in crime and violence. Kriegman again cites Fryer, who concluded that the Ferguson Effect led to 900 excess murders in five cities he considered, and the University of Utah’s Paul G. Cassell, who found that the “Minneapolis Effect” led to 1,520 excess murders in the United States. Thus, BLM’s signature policy solution—“defund the police”—would likely lead to incredible carnage in black communities. -City Journal Instead of his essay winning hearts and minds at Reuters, where he hoped it would help his colleagues move beyond "the blue bubble" and see "how devastating Black Lives Matter has been to black communities," Reuters HR panicked and took down Kriegman's post. "I didn’t know what to expect going into it, but I expected the reaction to be intense," said Kriegman. "And it was." He says a "team of HR and communications professionals" were called in to manage the situation, which they told him they were "reviewing." When he asked multiple times about the company's decision to remove his essay, he was told that it was too "antagonistic" and "provocative," and that he needed to work with their head of diversity and inclusion, Cristina Juvier, if he wanted to pursue the matter further. Read the rest of the report here. Tyler Durden Thu, 01/06/2022 - 17:20.....»»

Category: blogSource: zerohedgeJan 6th, 2022

Better Homes and Gardens® Real Estate Expands in Arizona

Better Homes and Gardens Real Estate LLC (BHGRE®) recently announced the affiliation of Better Homes and Gardens Real Estate S.J. Fowler based in the Phoenix-Mesa-Scottsdale metropolitan area. The firm is led by Steven J. Fowler, a military veteran. After leaving the military, he started a career in real estate sales, opening his own brokerage in […] The post Better Homes and Gardens® Real Estate Expands in Arizona appeared first on RISMedia. Better Homes and Gardens Real Estate LLC (BHGRE®) recently announced the affiliation of Better Homes and Gardens Real Estate S.J. Fowler based in the Phoenix-Mesa-Scottsdale metropolitan area. The firm is led by Steven J. Fowler, a military veteran. After leaving the military, he started a career in real estate sales, opening his own brokerage in 1993. With nearly 90 agents and two offices, the company specializes in residential and commercial sales, as well as property management. Investment properties make up a considerable percentage of the firm’s business, from two-unit duplexes to apartment complexes. Low taxes, a low cost of living, 300 days of sunshine on average per year and a strong economy make the Greater Phoenix area a draw for many people. Economic drivers include financial services, manufacturing, tourism and healthcare. Luke Air Force Base in nearby Glendale is a major military training base. A popular retirement destination, Phoenix is also desirable for snowbirds who have second homes in the area. “We are thrilled to welcome Steve to Better Homes and Gardens Real Estate to help him take advantage of the tremendous growth opportunities in the Greater Phoenix market,” said Sherry Chris, president and CEO, BHGRE®, in a statement. “His experience and reputation within the industry is impressive. We look forward to enhancing his recruiting efforts with the brand’s wide array of business-building support and resources. We are indebted to his considerable service to both his country and his industry and are deeply proud to have him as part of the BHGRE® network.” “The broad appeal and credibility of the Better Homes and Gardens® brand, coupled with the incredibly robust collection of BHGRE® tools, technology and support, will elevate our business in new and important ways. We have always prided ourselves on our collaborative and supportive culture, with the ability to offer our agents growth opportunities thanks to our diversified lines of business,” said Steven J. Fowler, broker/owner, BHGRE® S.J. Fowler, in a statement. “Now with a comprehensive learning platform, sophisticated marketing tools and extensive referral networks, we can help our agents become even more productive.” For more information, please visit www.bhgre.com. The post Better Homes and Gardens® Real Estate Expands in Arizona appeared first on RISMedia......»»

Category: realestateSource: rismediaJan 6th, 2022

: Hasbro names Chris Cocks as CEO

Hasbro Inc. HAS said late Wednesday its board appointed Chris Cocks as chief executive and named him as a board member effective Feb. 25. Cocks currently serves as president and chief operating officer Hasbro’s Wizards of the Coast and Digital Gaming division, and replaces Brian Goldner, who died in October. Cocks has served in his current position in charge of the division that puts out games such as “Magic: The Gathering” and “Dungeons & Dragons,” since leaving Microsoft Corp. MSFT Hasbro also appointed Eric Nyman as the company’s president and chief operating officer effective Feb. 25. Hasbro shares slipped 0.3% after hours, following a 0.6% decline to close the regular session at $103.32. Shares are up 11% over the past 12 months, compared with a 26% gain in the S&P 500 index SPX. 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......»»

Category: topSource: marketwatchJan 5th, 2022

Don Brunner Named 2022 NAA Chairman

Cincinnati real estate executive Don Brunner, BRG Realty Group, has begun his term as 2022 National Apartment Association (NAA) Chairman. He was installed at NAA’s annual Assembly of Delegates, held in Cincinnati in November. Brunner has nearly 20 years of real estate management experience and, as president and CEO of BRG Realty Group, oversees the […] The post Don Brunner Named 2022 NAA Chairman appeared first on RISMedia. Cincinnati real estate executive Don Brunner, BRG Realty Group, has begun his term as 2022 National Apartment Association (NAA) Chairman. He was installed at NAA’s annual Assembly of Delegates, held in Cincinnati in November. Brunner has nearly 20 years of real estate management experience and, as president and CEO of BRG Realty Group, oversees the company’s 47 properties across the Tri-State area representing 8,000 units. Prior to joining property management, Brunner worked as an industry supplier partner, which affords him a unique view of both facets of the rental housing industry. “I’m delighted to officially welcome Don as NAA’s 2022 Chairman of the Board,” said Bob Pinnegar, NAA president and CEO, in a statement. “Both his steadfast commitment to rental housing and his vast industry experience will be incredibly valuable throughout his chairmanship. I join the entire NAA family in congratulating Don on this well-deserved honor and am confident that his leadership will bring about tangible progress at a paramount time for the apartment housing industry.” Over the years, Brunner has been actively involved with a variety of initiatives for NAA at both the local and national levels. He is currently the president of the Greater Cincinnati Northern Kentucky Apartment Association and also served seven years as a Region 3 vice president for NAA. “Our nation’s rental housing industry is at a critical crossroads,” said Brunner in a statement. “After a difficult couple of years, we’ve arrived at an important opportunity to build a stronger industry prepared for the challenges and opportunities of the future. Over the coming year, I look forward to working alongside NAA’s dedicated team of volunteer and staff leaders to create meaningful change for rental housing providers across the country.” Also serving as part of NAA’s 2022 leadership are Chairman-Elect Ronda Puryear, Management Services Corporation, Charlottesville, Virginia; Vice Chairman Rick Snyder, R.A. Snyder Properties, San Diego, California; Treasurer Alan King, Berkshire Residential Investment, Alpharetta, Georgia; Secretary Chris Burns, Lincoln Property Company, Duluth, Georgia; and Immediate Past Chairman Rick Graf, Cushman & Wakefield, Dallas, Texas. Source: NAA The post Don Brunner Named 2022 NAA Chairman appeared first on RISMedia......»»

Category: realestateSource: rismediaJan 5th, 2022

The Death Of Truth

The Death Of Truth Authored by Michael Snyder via The Economic Collapse blog, Over the past several days I have had some time to think, and my thoughts have repeatedly turned to the current state of the Internet.  For a couple of decades after it was popularized, the Internet was one of the greatest tools for free speech that the world has ever seen.  It allowed ordinary people like me to share truth on a massive scale with other ordinary people all over the planet.  I have always been grateful for that opportunity, but now our ability to share truth with one another over the Internet is being systematically eroded.  Nobody can deny that this is taking place, because it is literally happening right in front of our eyes.  Over the past decade, control of the Internet has become increasingly centralized.  The big tech companies have become exceptionally powerful, and they have become addicted to using that power to suppress speech that they do not like. This is an extremely dangerous trend, because the Internet has become the primary way that the vast majority of us communicate with one another.  It truly is our modern version of “the marketplace of ideas”, but now the big tech companies are absolutely determined to distort it into something else entirely. At this point, there are a whole host of ideas that you aren’t allowed to freely discuss on the Internet anymore. In fact, there are a whole host of questions that you aren’t even allowed to ask. When a society gets to a point where you aren’t even allowed to ask questions, that is a very clear sign that you are living under a very oppressive authoritarian regime. Years ago when they started banning various prominent voices we all knew that it wouldn’t end there. And it hasn’t. Today, the big tech companies have no problem banning literally anyone.  For example, Congresswoman Marjorie Taylor Greene just got permanently banned on Twitter… Twitter permanently blacklisted the personal account of a sitting member of Congress, Rep. Marjorie Taylor Greene (R-GA) over the New Year’s weekend. “Twitter is an enemy to America and can’t handle the truth,” Rep. Greene said, in a statement responding to the ban. “That’s fine, I’ll show America we don’t need them and it’s time to defeat our enemies.” Rep. Greene has one of the largest followings on social media of any Republican member of Congress. Prior to her ban, she had over 465,000 followers on Twitter, meaning the Republican party and conservative movement has lost one of its most influential accounts on the platform. Five years ago, if you told me that the big tech companies would start banning our politicians in Washington, I would have told you that you were crazy. But now nobody is safe.  Once Twitter and Facebook banned a sitting president, we all knew that there was no going back. Of course the pandemic has given the big tech companies an excuse to push their levels of censorship to even higher levels.  Just a few days ago, Twitter banned Dr. Robert Malone just before he was interviewed by Joe Rogan… Dr. Robert Malone played a key role in the invention of the mRNA vaccine, the type of vaccine that is being administered to many Americans in an effort to stave off COVID-19. Malone has often been critical of the use of the vaccines, as well those in the media and government who support them. He shared a great deal of research on his Twitter account, which had more than half a million followers. “We all knew it would happen eventually,” Malone said on his Substack. “Today it did. Over a half million followers gone in a blink of an eye. That means I must have been on the mark, so to speak. Over the target. It also means we lost a critical component in our fight to stop these vaccines being mandated for children and to stop the corruption in our governments, as well as the medical-industrial complex and pharmaceutical industries.” So now it appears that Twitter is preemptively banning people. We truly have entered “Minority Report” territory, and that is extremely chilling. Considering everything that has been happening with the pandemic, you would think that we would want to hear what one of the inventors of mRNA technology has to say.  Dr. Robert Malone has decades of experience, and he had been one of the most respected names in his field. But because he has viewpoints that don’t align with the official narratives being pushed by the pharmaceutical industry, he is being blacklisted by the big tech companies. If you think that you can get around all the censorship by simply refusing to use the big tech company platforms, you are wrong. Just consider this example.  Gateway Pundit is reporting that T-Mobile is literally erasing links to their articles from text messages… Hi Jim. In one of the screenshots you can see where my sister tried to send me your website link four times but I never got it. The other two screenshots it shows me sending a link to one of your articles, that’s the one with the picture of the fox in it. In the other screenshot from my sister it shows that she never received the link. The text message it still has the fox in it. I hope this helps. But what I realized is it’s actually just my boost T-Mobile carrier that’s blocking your links. I have a friend in the 949 area code and he was able to send it to his wife, however, I can only receive it in a group text. Let me know if you have any more questions. Thanks. Mark. I have had a similar experience with articles written by Mike Adams of Natural News.  When I try to send links to Natural News through Facebook Messenger, the links are simply erased from the messages somehow. That is the level of censorship that we are now facing. They literally want to control what we see, what we hear and what we think.  And of course this is setting the stage for a level of authoritarianism unlike anything we have ever seen before in all of human history. Without freedom of speech, all of our other freedoms will rapidly become meaningless. Sadly, at this point freedom of speech in the United States is getting pretty close to being completely wiped out. Our Republic is rapidly dying, and millions upon millions of Americans are cheering as it happens. The big tech companies have become the arbiters of truth, but most of the “truths” that they are relentlessly pushing are actually lies. I don’t know if there is a way out of this mess, but we must find one, because the future of our society hangs in the balance. *  *  * It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon. Tyler Durden Tue, 01/04/2022 - 22:45.....»»

Category: blogSource: zerohedgeJan 5th, 2022

Futures Surge To A Record Above 4,800 As Euphoria Grips Global Markets

Futures Surge To A Record Above 4,800 As Euphoria Grips Global Markets US stock futures, European bourses and Asian markets all rose, extending the blistering start to 2022 (just as Goldman predicted in its $125 billion January inflow case), with more strategists cementing their bullish projections as investors shrugged off worries Omicron could choke the global economic recovery as data on U.S. manufacturing and job openings due today will further show the world’s largest economy is resilient against the spread of omicron. Nasdaq 100 futures rose 0.4% and contracts on the S&P 500 climbed 0.3% to a new all time high above 4,800 after the underlying gauge closed at a record on Monday. European stocks also gained. Waning demand for haven assets pushed the yen to a five-year low, while oil fluctuated ahead of an OPEC+ meeting. The dollar and U.S. treasury yields extended their surge - with the 10Y last yielding 1.6630% - after Monday’s worst start to a year since 2009. JPMorgan Chase & Co. strategists advised staying bullish on global stocks, saying positive catalysts are not exhausted, while Credit Suisse reiterated a bullish view on U.S. stocks. In premarket trading, Apple shares rose as much as 0.5%, putting the iPhone maker on track to reclaim $3 trillion in market cap as appetite for risk returns. Meanwhile, Jowell Global plunged 11% after a volatile trading session for the Chinese e-commerce stock on Monday that saw it plunge 59%. Travel stocks rallied for a second day even as the U.S. reported a record of over 1 million Covid cases, amid growing evidence that the omicron variant leads to milder infections. The S&P Supercomposite Airlines Index rose 3.3% Monday to the highest since Nov. 24 and appears set for further gains Tuesday. Most airline companies rose about 1% in premarket trading, while cruise lines were also higher with Carnival +1.8%, Royal Caribbean +1%, Norwegian +1.4%. General Electric rose after the stock was raised to outperform at Credit Suisse and Hewlett Packard Enterprise climbed with an overweight rating from Barclays. Here are some other notable pre-market movers today: Coca-Cola (KO US) sits in a stronger position following a transition year in 2021, Guggenheim Securities writes in note upgrading to buy after almost exactly a year with a neutral stance. Shares up 1% in premarket. Stryker (SYK US) and Globus Medical (GMED US) both upgraded to overweight at Piper Sandler, which says in a note that the two stocks have momentum to continue delivering above-average share performance this year. Stryker up 1.4% premarket. Tiny U.S. biotech stocks gain in high premarket volume amid a broader return of risk appetite and following positive updates on studies. Oragenics (OGEN US) +23%, Indaptus Therapeutics (INDP US) +7%. Intra-Cellular Therapies (ITCI US) falls 7% in premarket after launching a $400 million share sale. AFC Gamma (AFCG US) falls 11% premarket after launching a stock offering. Core & Main (CNM US) dropped 7.6% postmarket after holders offered a stake. In Europe, the Euro STOXX 600 gained as much as 0.9% in early trading, pushing beyond its all-time high of 489.99 points scaled a day earlier, with the FTSE 100 and CAC 40 up over 1.25%. Travel and leisure stocks jumped 2.7%, with Ryanair adding 8% and British Airways-owner IAG gaining over 9%, reflecting expectations Omicron's impact on the industry would be less severe than initially feared. Euro Stoxx 50 added as much as 1% with travel, autos and banks the best performing sectors so far. Investors have set aside worries about the highly infectious omicron variant as they continue to trade on the economic recovery from the pandemic which may soon be ending thanks to Omicron which could make covid endemic. “Globally, there is a lot of news regarding the rising omicron cases, but there is also a lot of news that the cases are not as deadly as the previous variants of Covid,” Ipek Ozkardeskaya, a senior analyst at Swissquote, wrote in a note. “And investors prefer focusing on a glass half full rather than a glass half empty at the start of the year.” "The chief reason behind the return of investor confidence is Omicron," said Jeffrey Halley, an analyst at Oanda. Yes, the virus variant is much more contagious, but it is not leading to a proportionally larger number of hospital admissions... (so) it won't stop the global economic recovery." This, incidentally, is precisely what we said over a month ago. That said, markets anticipate an uptick in volatility as they navigate through the omicron variant, supply-chain disruptions and more central banks winding back pandemic stimulus. More than one million people in the U.S. were diagnosed with Covid-19 on Monday, a new global daily record, and yet markets barely winced. Asian stocks gained behind rallies in Japan and Australia on their first trading sessions of 2022, with much of the region tracking the strong performance in the U.S. as investors maintained growth optimism despite a worsening pandemic.  The MSCI Asia Pacific Index rose as much as 1%, the most in two weeks, lifted by technology and financial shares. Metals and mining stocks gave the Australian benchmark gauge a boost, while a weaker yen allowed exporters to provide support for Japan’s Topix. Chinese stocks bucked the regional trend to suffer their weakest start to a year since 2019. The CSI 300 Index fell 0.5% as some investors took profit and assessed developments in the property sector while renewable energy and health-care firms paced declines. Also souring the mood, the People Bank of China cut its net injection of short-term cash to the markets, prompting concerns over support for the financial system. Tuesday’s activities in Asia also showed some traders setting aside their worries over the rapid spread of omicron strain for now to bet on resilience in the global economy.  While the omicron variant will be a negative factor in the short term, Chinese equities will likely help drive emerging markets higher in 2022 as monetary and fiscal stimulus spur economic growth, said Kristina Hooper, chief global market strategist at Invesco.  The Philippine Stock Exchange had to cancel trading following a system glitch, according to a statement by bourse President Ramon Monzon Japanese equities rose in their first trading session of the year, helped by the yen’s drop to a five-year low and a tailwind from U.S. peers’ climb to fresh all-time highs. Electronics and auto makers were the biggest boosts to the Topix, which gained 1.9%, the most in four weeks. All industry groups advanced except papermakers and energy explorers. Tokyo Electron and Advantest were the largest contributors to a 1.8% rise in the Nikkei 225.  The S&P 500 rose to a record and Treasury yields climbed Monday as traders braced for the start of a potentially volatile year and three expected rate hikes from the Federal Reserve. The White House is likely to nominate economist Philip Jefferson for a seat on the Fed board of governors, according to people familiar with the matter. “It’s gradually coming to light who will be the new members of the FRB and it looks like they will be those with quite a dovish stance, which very supportive factor for stocks,” said Hiroshi Matsumoto, senior client portfolio manager at Pictet Asset Management in Tokyo.  Australian stocks jumped themost in over a year, with fresh records in sight. The S&P/ASX 200 index rose 2% to 7,589.80, marking its best session since October 2020. The benchmark closed about 40 points away from the all-time high it reached in August as all sectors gained. Pilbara Minerals was among the top performers, jumping to a record. St. Barbara was among the worst performers after giving an update on its Simberi mine. In New Zealand, the market was closed for a holiday. India’s Sensex rallied for a third day as the outlook for lenders improved on the back of a continued recovery in the economy.  The S&P BSE Sensex rose 1.1% to 59,855.93 in Mumbai, while the NSE Nifty 50 Index rallied 1%. All but three of the 19 sector sub-indexes compiled by BSE Ltd. climbed, led by a gauge of power companies. The S&P BSE Bankex added 1.3% to stretch its rally to a fourth day, its longest streak of gains since Oct. 26.   Financial stocks in India offer an attractive entry point after foreign funds sold more than $3 billion of sector stocks over Nov.-Dec., Jefferies analyst Prakhar Sharma wrote in a note. He expects improved growth, stable asset quality and manageable omicron impact to aid a re-rating of the sector. “Markets are currently following their global counterparts while the domestic factors are showing mixed indications,” Religare Broking analyst Ajit Mishra said in a note.  Reliance Industries contributed the most to the Sensex’s gain on Tuesday, increasing 2.2%. Out of 30 shares in the index, 25 rose and five fell. In FX, Bloomberg Dollar Spot Index trades notably higher for the second day in a row, with AUD and CHF top the G-10 leader board, while the JPY lags pushing through Asia’s worst levels near 116.31/USD.  The euro was confined in a narrow range around $1.13 while the greenback weakened versus all of its Group-of-10 peers apart from the yen and risk-sensitive currencies were the best performers. The pound edged higher, continuing its ascent over the holiday period that was based on firmer global risk sentiment and bets the U.K. economy won’t be derailed by omicron. Gilts slumped as traders caught up with Monday’s jump in U.S. and euro-area yields after the U.K. was closed for a holiday. Australia’s government bonds and the nation’s currency both rose amid speculation the global economic recovery will weather the surge in omicron infections. New Zealand’s markets remained shut for New Year holidays. Purchasing managers’ index for the Australia’s manufacturing sector declined for the first time in four months in December, Markit data showed. The yen dropped to a five-year, with the USDJPY rising above 116 as speculation the global economic recovery will weather omicron saps demand for haven assets. Japanese bonds declined before debt auctions later this week. Options pricing suggests there may be more gains for the dollar in a rally against the yen that’s already taken it to the strongest since 2017. In rates, 10-year Treasury yield spiked to 1.66% after surging 12 basis points on Monday, the biggest jump to start a year since 2009. The two-year rate was at 0.77%. Treasury yields were cheaper by up to 1.5bp across front- and belly of the curve with long-end yields slightly richer vs. Monday close. IG dollar issuance includes a number of bank names headed by NAB 5-part offering. Three-month dollar Libor +0.69bp at 0.21600%. Bunds richen 1.5bps across the belly with a mixed peripheral complex with expectations for a busy issuance slate ahead. Gilts underperform, playing catch up to Monday’s move in bunds and treasuries, cheapening as much as 10bps across the curve with 10s near 1.07%. Looking beyond the current risk-on momentum, traders expect Fed tightening to further boost yields and reset equity valuations. This week’s U.S. December payroll data and minutes from the Fed’s meeting last month may throw more light on the pace of such shift. “We expect 2022 to be far more challenging from an investment perspective,” Heather Wald, vice president at Bel Air Investment Advisors, said in an emailed note. “Rarely has a market delivered three consecutive years of double-digit returns, as we have seen from 2019-2021. With the Federal Reserve set to accelerate tightening and a fairly valued stock market, we anticipate more muted returns for the S&P next year but still expect equities to remain attractive versus other liquid asset classes.” In commodities, crude futures flip a short-lived dip to rise ~0.7%. WTI trades near best levels of the session close to $76.70, Brent near $79.50 ahead of today’s OPEC+ gathering. Spot gold trades a tight range, holding above $1,800/oz. Base metals are mixed, LME copper underperforms. U.S. economic data slate includes the December ISM manufacturing survey, which will show the early impact of the variant on supply chains, while the JOLTS data will show the balance between job openings and unemployment numbers; also this week brings ADP employment change, durable goods orders and December jobs report. Market Snapshot S&P 500 futures up 0.3% to 4,799 STOXX Europe 600 up 0.5% to 492.53 German 10Y yield little changed at -0.13% Euro little changed at $1.1307 MXAP up 0.9% to 194.72 MXAPJ up 0.6% to 633.00 Nikkei up 1.8% to 29,301.79 Topix up 1.9% to 2,030.22 Hang Seng Index little changed at 23,289.84 Shanghai Composite down 0.2% to 3,632.33 Sensex up 1.1% to 59,815.19 Australia S&P/ASX 200 up 1.9% to 7,589.76 Kospi little changed at 2,989.24 Brent Futures up 0.4% to $79.26/bbl Gold spot up 0.3% to $1,806.40 U.S. Dollar Index little changed at 96.18 Top Overnight News from Bloomberg Treasury traders are betting the rapid spread of omicron will increase inflationary pressures in the U.S. economy, rather than weaken them Global central banks are set to spend 2022 diverging, as some take on the menace of inflation and others stay focused on boosting economic growth French inflation stabilized in December, indicating price pressures may be near a peak in the euro area after surging on energy costs in the past few months OPEC and its allies are poised to revive more halted oil production when they meet on Tuesday after predicting a tighter outlook for global markets A more detailed breakdown of global markets courtesy of Newsquawk Asia-Pac stocks eventually traded mixed on the first trading session of the year for most bourses, with the region catching some tailwinds from the positive Eurozone and US sessions on Monday. On Wall Street, the Nasdaq outpaced with gains of 1.2% as Apple became the first-ever public company to reach USD 3tln in market value, whilst Tesla shares were catapulted 13.5% after beating Q4 delivery expectations despite the chip shortage and in spite of last week's mass recall. US equity futures overnight resumed trade with a mild positive bias and thereafter drifted higher - with the US ISM Manufacturing PMI, FOMC Minutes, US labour market report and Fed speakers all on this week’s docket. The ASX 200 (+2.0%) saw gains across its Energy, Mining, Tech and Financial sectors. The Nikkei 225 (+1.8%) briefly dipped under 29k before rising to session highs – with Autos among the top gainers amid a similar performance Stateside, whilst the softer JPY underpinned the index. The KOSPI (U/C) was flat in early trade but thereafter swung between gains and losses. In China, the Shanghai Comp (-0.2%) gave up early gains on its first trading day of 2022 following a CNY 260bln daily liquidity drain by the PBoC, whilst reports also suggested that China is facing USD 708mln cash demand this month, +18% Y/Y according to calculations, amid maturing debt and seasonal demand for cash ahead of the Lunar New Year on 1st February. The Hang Seng (+0.1%) kicked off its second day of trade the year in the green after Monday’s losses. China Evergrande shares resumed trade with gains of 5% after it yesterday suspended its Hong Kong shares in a bid to raise cash and following the order to demolish 39 buildings. Meanwhile, Hong Kong-listed and US-blacklisted AI firm SenseTime shares rose another 20% to almost triple its IPO price. In fixed income, US 10yr Mar'22 futures saw some light buying in early trade, with some suggested regional Asia demand following the heavy cheapening on Monday, albeit this early mild upside faded. Top Asian News Amazon Plays Down Reports It’s Pulling Kindle From China H.K. Finds One Prelim. Local Case With Unknown Source: HK01 China High-Yield Dollar Bonds Fall 1-2 Cents; Developers Lead China South City USD Bonds Slump; Firm Denies Debt-Swap Report European equities trade on a firmer footing with the Stoxx 600 (+0.8%) once again at a record high. The FTSE 100 leads the charge within the region; however, this is largely on account of a catch-up play from yesterday’s bank holiday. Initially to the downside resided the SMI (+0.1%) as the only major bourse in the red amid losses in index-heavyweight Roche (-1.4%); however, this has abated modestly throughout the morning. The lead from the APAC region was a mixed one as the Nikkei 225 (+1.8%) benefited from a softer JPY, the ASX 200 (+1.95%) was lifted by gains in Energy, Mining, Tech and Financial sectors, whilst Chinese bourses (Hang Seng +0.1%, Shanghai Comp. -0.2%) were kept subdued by a PBoC liquidity drain and unable to benefit from an unexpected expansion in the December Chinese Caixin Manufacturing PMI. Stateside, futures are modestly firmer across the board (ES +0.4%, NQ +0.4%, RTY +0.5%) after yesterday’s session which was characterised by Nasdaq outperformance, +1.2%, as Apple became the first-ever public company to reach USD 3tln in market value, whilst Tesla shares were catapulted 13.5% after beating Q4 delivery expectations. In a recent note, analysts at JP Morgan stated they are of the view that there is further upside for stocks as the Omicron variant appears to be milder than previous strains and the impact on mobility is more manageable than previous ones. Furthermore, the bank suggests that there are signs that constraints in supply chains are passing their peak and power prices are easing. Sectors in Europe are mostly firmer with Travel & Leisure names clearly top of the pile UK as airline names benefit from ongoing optimism about the Omicron variant’s impact on mobility and a December passenger update from Wizz Air which has sent its shares higher by 10.1%. Of note for the European banks (which are also a notable gainer on the session), Citigroup is “overweight” on the sector for the upcoming year, citing profit growth, interest rate hikes and potential for capital returns. In terms of specific names, BNP Paribas, Lloyds and UBS were flagged as top picks. Elsewhere, other cyclically-led sectors such as Autos, Oil & Gas and Basic Resources are also trading on a firmer footing. To the downside, Healthcare names sit in the red amid aforementioned losses in Roche, whilst Sanofi (-0.7%) are also seen lower after flagging that Q4 2021 vaccine sales are expected to be lower on a Y/Y basis. Finally, Rolls-Royce (+3.6%) is seen higher on the session after concluding the sale of Bergen Engines. Top European News Italy Starts Search for New President With Draghi as Contender U.K. Mortgage Approvals Fall to 66,964 in Nov. Vs. Est. 66,000 Ukraine Says Russia Reinforced Military Units in Occupied Donbas European Gas Prices Jump a Second Day as Russian Shipments Drop In FX, the Dollar index looks comfortable enough above 96.000 within a 96.336-146 range after eclipsing yesterday’s best (96.328) marginally, but the technical backdrop remains less constructive given its failure to end last week (and 2021) above a key chart level at 96.098. Nevertheless, the most recent spike in US Treasury yields has given the Greenback sufficient impetus to claw back losses, and in DXY terms fresh incentive to rebound firmly or extend gains against funding currencies in particular ahead of the manufacturing ISM and the remainder of a hectic first week of the new year that culminates in NFP and a trio of scheduled Fed speakers, but also comprises minutes of the December FOMC taper and more hawkishly aligned tightening policy meeting. JPY/AUD - As noted above, low yielders are underperforming or lagging in the current environment, and the Yen is also succumbing to the increasingly divergent BoJ vs Fed trajectory that is exacerbating technical forces behind the rally in Usd/Jpy to new 5 year highs just shy of 115.90. Stops are said to have been triggered during the latest leg up and there is little of significance in terms of resistance ahead of 116.00, while option expiry interest is relatively light until 1.13 bn at the half round number above. Conversely, the Aussie has been boosted by higher coal prices overnight and an unexpected return to growth from contraction in China’s Caixin manufacturing PMI, with Aud/Usd trying to establish a base around 0.7200 in wake of an upward revision to the final manufacturing PMI. GBP/NZD/EUR/CHF/CAD - The Pound is next best major, but mainly due to Gilts playing catch-up following Monday’s UK Bank Holiday and only in part on the back of an upgrade to the final manufacturing PMI allied to better than forecast BoE data including consumer credit, mortgage lending and approvals. Cable is probing 1.3500 and Eur/Gbp is edging towards 0.8360 even though the Euro has regained some poise against the Buck to retest 1.1300 with some traction gleaned from stronger than anticipated German retail sales and jobs metrics. Back down under, the Kiwi is trying to keep tabs on 0.6800 in the face of Aud/Nzd headwinds as the cross climbs over 1.0600, while the Franc is holding above 0.9200 post-Swiss CPI that was close to consensus and the Loonie is meandering between 1.2755-23 parameters pre-Canadian PPI and Markit’s manufacturing PMI against the backdrop of firmer crude prices. In commodities, WTI and Brent are firmer this morning and have been grinding towards fresh highs throughout the European session after slightly choppy APAC trade; currently, the peaks are USD 76.82/bbl and USD 79.67/bbl respectively. Newsflow has been fairly slow throughout the morning with catch-up action occurring for participants. Today’s focal point for the space is very much the OPEC+ gathering; albeit, this is expected to result in a continuation of the existing quota adjustments of 400k BPD/month. Thus far, the JTC has reviewed market fundamentals and other developments determining that the Omicron variant’s impact is expected to be both mild and short-term. For reference, today’s timings are 12:00GMT/07:00EST for the JMMC and 13:00GMT/08:00EST for OPEC+ - though, as always with OPEC, these serve only as guidance. While the main decision is expected to be a straightforward one, there is the possibility that underproduction by certain members could cause some tension. Elsewhere, spot gold and silver are contained with a modest positive-bias but are yet to stray too far from the unchanged mark with spot gold, for instance, in a sub-USD 10/oz range just above USD 1800/oz. Separately, coal futures were notable bid in China following reports that Indonesia, a large supplier to China, has banned exports for the month, given domestic power concerns. US Event Calendar 10am: Nov. JOLTs Job Openings, est. 11.1m, prior 11m 10am: Dec. ISM Employment, est. 53.6, prior 53.3 ISM New Orders, est. 60.4, prior 61.5 ISM Prices Paid, est. 79.2, prior 82.4 ISM Manufacturing, est. 60.0, prior 61.1         Tyler Durden Tue, 01/04/2022 - 07:59.....»»

Category: blogSource: zerohedgeJan 4th, 2022

Meet the next generation of luxury entrepreneurs selling millions in real estate, creating art galleries, and building fashion empires

A new crop of luxury entrepreneurs has popped up, creating the businesses they want to see taking over the sector. (L-R), Alex Assouline, Destinee Ross-Sutton, Marina Raphael, Avi Hiaeve.Emilia Brandao; Courtesy the artist and Destinee Ross-Sutton 2020; Marina Raphael; Avi & Co; Yuqing Liu/Business Insider Luxury spans many sectors including, fashion, travel, real estate, and nightclubs.  However, the industry is changing: People want more sustainability and faces that are more diverse. Insider regularly talks to the young people who are making their mark in luxury and challenging the market.  Visit Insider's homepage for more stories. Luxury is a pretty hard sector to tap into — and even years of notoriety doesn't necessarily mean years of financial stability or economic success. The coronavirus pandemic only heightened many of those issues, as brands and retailers throughout the world have been forced to close or declare bankruptcy. Even before the pandemic, however, there were calls for a changing of the guard in the luxury sector. People want more sustainability, leaders who are more tech-savvy, faces that are more diverse, and clothes that come with a meaning and a purpose.Rather than wait around for those currently in charge to change, a new crop of luxury entrepreneurs has popped up, creating the businesses they want to see taking over the sector. These are names and the faces that will come to define and helm the next generation of luxury spending. Insider has been speaking to the new rising faces in luxury about the future of their respective spaces, touching on topics such as the investment value in high-priced watches, and where they hope to see the world after the pandemic subsides. The interviews are being compiled here: Millennial entrepreneur Brandon Blackwood shares how $7,000 and Instagram helped him build a handbag empire that's on track to book $30 million in revenueBrandon BlackwoodBrandon BlackwoodBrandon Blackwood, 29, is the founder of his eponymous handbag line that went viral last year after making a tote that said: "End Systemic Racism." Since then, other styles of his bag have gone viral and he's launched a spring campaign featuring celebrities and influencers like Ryan Destiny, Normani, and Jaime Xie. So far, the brand booked more than $14 million in revenue this year and is on track to close 2021 with $30 million. The 24-year old jewelry designer, whose rings have been spotted on Serena Williams and Meghan Markle, uses half her profits to fund female entrepreneursShilpa YarlagaddaCourtesy of Shilpa Yarlagadda; Taken by Shoji Van KuzumiShilpa Yarlagadda, 24, is the cofounder of Shiffon, the fine jewelry brand that invests its proceeds back into female-funded businesses. For the upcoming election, the brand has partnered with Michelle Obama's When We All Vote foundation for limited-edition hoop earrings to represent the hoops women have to go through for basic rights. In an interview with Business Insider, she talks her career journey, the importance of mentorship, and her partnership with Obama. Inside the world of 'Bling Empire's' Jaime Xie, the tech heiress forging her own path as a fashion influencerJaime XieYoshi UemuraXie told Insider she had never even seen reality TV before joining the cast of Netflix's hit show "Bling Empire." Now she's one of its standout stars and is best known for her fashion and style. Born in Silicon Valley, she said tech wasn't really her thing, and she's always wanted a career in fashion. Now she's an influencer, jet-setting to Paris and Milan, sporting the hottest ready-to-wear looks. In an interview, she gives Insider a peek at her glamorous life. Real estate heiress Danielle Naftali, who is just 27, helped convince a mystery buyer to shell out $35 million for an NYC penthouse during the pandemicJonathan GrassiDanielle Naftali, 27, is expected to take over her father's real estate company Naftali Group, which develops some of New York City's most luxurious properties. But even she had to start at the reception desk. To Insider she breaks down working her way up and how she helped convince a buyer to shell out over $30 million for an apartment during a pandemic. Pajama sets are the new 2-piece suit. A millennial brand explains the wild pandemic year when sales spiked 400% .Joel Jeffery (L) and Molly Goddard (R)Desmond & DempseyHusband-wife duo Molly Goddard and Joel Jeffrey are known for their high-end pajama line Desmond & Dempsey, which also saw record growth during the pandemic as people sought to buy more comfortable clothing. To Insider, they talk about the brand's beginnings and how they hope to further capitalize on the billion-dollar markets of both wellness and comfort wear. Meet the millennial designer and CEO who wants to make comfort clothing the new power dressingMisha NonooCourtesy of Misha NonooDesigner Misha Nonoo thinks comfort clothes will also be part of the new way to power dress. To Insider, she spoke about her career beginnings, her latest collection, and what she thinks the future of sustainable fashion will be in a post-pandemic world. How fashion's 'patient zero' turned her fight with Covid into a new hygiene and wellness lineNga NguyenCourtesy of Nga NguyenAfter being diagnosed with COVID-19 last year, Nga Nguyen was deemed the fashion industry's "patient zero" as she was the first known case in the world of jet-set high fashion to catch the virus. But she's light at the end of the tunnel. To Insider she talks about her new wellness line, inspired by her run-in with the virus, and shares her expectations on what role hygiene products will play in a post-pandemic world. How a 28-year-old sold his first jewelry design for $25,000 and within 3 years built an exclusive client roster including RihannaEmmanuel Tarpin.Emmanuel TarpinCalling in from Paris, Emmanuel Tarpin spoke about his rise in the jewelry industry, how he nabbed two of the industry's top honors, and got Rihanna to fall in love with his work.How a 22-year-old heiress launched a handbag line and within 3 years landed the Netherlands' Queen Maxima as a fanMarina Raphael.marina raphaelAt just 22, Marina Raphael has already built a luxury handbag business that counts the Queen of the Netherlands as a fan. In an interview with Business Insider, she spoke about learning Italian, teaching herself design, and her plans to build the next-big-thing in luxury — as well as being a sixth-generation member of the Swarovski crystal dynasty.Swarovski crystal heiress Marina Raphael explains how she achieved record-breaking sales by selling smaller handbags, donating to charity, and using snail mail to reach customersMarina Raphael with her SS21 collection(1)Marina RaphaelRaphael caught up with Insider again in March of this year to talk about how her brand saw record growth during the pandemic. To cope with the time, she changed her marketing strategies and even reduced the size of her handbags as production took a hit due to closures. Still, the brand came out stronger than ever before. How one millennial CEO built a luxury eyewear brand that's been spotted on everyone from Jeff Bezos to Brad PittCourtesy of Garrett LeightGarrett Leight is the founder, CEO, and creative director of Garrett Leight California Optical. His father, Larry, was the founder of the sunglass brand Oliver Peoples. In an interview with Business Insider, Garrett talks about opening his own eyewear brand and keeping his family legacy alive. Pauline Ducruet isn't so different from other 26-year-old entrepreneurs — she just happens to be Grace Kelly's granddaughterPhoto by Francois Durand/Getty ImagesPauline Ducruet is the founder of the gender-neutral fashion line, Alter Designs. She also happens to be a granddaughter of Grace Kelly through her mother, Princess Stephanie of Monaco. In an interview with Business Insider, she talks about the importance of sustainability in fashion, and how the pandemic almost wiped out her business. A millennial car customizer who counts Lebron James and Kendall Jenner among his clients explains why he's expanding his business with a luxury shoe lineVik Tchalikian.Vik TchalikianVik Tchalikian is best known as the car customizer for the stars and boasts a client list that includes Kendall Jenner, LeBron James, and Billie Eilish. In an interview with Business Insider, he talks about how he used his car knowledge to start up a luxury shoe line. Two Gen Zers turned a $2,000 investment into an art gallery that sells $600K pieces. They want to usher in a new generation of art collectors.Alexis de Bernede (L) and Marius Jacob (R)Darmo ArtBased in France, Alexis de Bernede and Marius Jacob are the founders of Darmo Art gallery. Last summer, their two art shows netted six figures each, and they are now planning future exhibitions in Paris, the French Riviera, and at the Grand Hotel Heiligendamm, an exclusive report in Germany. Millennial fashion designer Alexandra O'Neill is seeing cocktail dress sales skyrocket as customers prepare for the new Roaring 20sCourtesy of Alexandra O'NeillAlexandra O'Neill is the founder of luxury brand Markarian and made headlines last year after First Lady Jill Biden wore a custom Markarian piece for Inauguration. Since then, the company has seen sales skyrocket. What's more, O'Neill held her first New York Fashion Week presentation in September, showing off a collection inspired by Lauren Bacall in the movie "How to Marry a Millionaire." Meet the Black millennial art curator who worked on a Zendaya photoshoot, had her portrait featured in Beyoncé's 'Black Is King,' and was just tapped by auction house Christie's to curate an exhibitDestinee Ross-Sutton.Courtesy the artist and Destinee Ross-Sutton 2020The art industry is notoriously white. Enter, Destinee Ross-Sutton, the 24-year-old art curator who already counts a Zendaya photoshoot and a Christie's exhibit under her name. A shining moment for her this year was when she discovered that a painting of her was featured in Beyoncé's "Black IS King." In speaking with Business Insider, Ross-Sutton talks about her mission to increase diversity and inclusion in the art world.The 28-year-old heir to a luxury publishing house explains how he creates some of the most exclusive — and expensive — private libraries in the worldAlex Assouline.Emilia BrandaoAlex Assouline is a creative library designer who helps create some of the most exclusive — and expensive — libraries in the world. The heir to his family's publishing house, Assouline also helps make stunning coffee books on subjects ranging from feminism to the palace of Versailles. In an interview with Business Insider, he talks about the art of library designing and which books he is helping to make next. Meet the 'VIPER Girls,' the female nightlife entrepreneurs who couldn't get a credit card 4 years ago and now field requests to work the Super Bowl(L) Kelsi Kitchener and (R) Celeste Durve.Courtesy of Kelsi Kitchener and Celeste DurveKelsi Kitchener, 28, and Celeste Duvre, 24, are the cofounders of the guest experience company VIPER, which works with some of the biggest celebrities and brands in the world. Known as the Viper Girls, they manage all points of the overall guest experiences at events. In an interview with Business Insider, Kitchener and Duvre talk about the founding of their company, and being young women in an industry that's long been touted as a "boys club." A 25-year-old set her eyes on taking over the high-end smoking accessories market — and it's workingCourtesy of Smoking JacketChiara di Carcaci, 25, is the founder of Smoking Jacket, a high-end cigarette accessories company that counts a Getty heiress as a fan. In an interview with Business Insider, di Carcaci talks about why she decided to start a luxury cigarette brand, and her ambitions to expand it into a full-service lifestyle company. A 28-year-old fashion brand director explains how ruthless attention to detail has landed Rihanna, Kim Kardashian, and Jennifer Lopez as clientsKyle Bryan.Courtesy of Kyle BryanIn an exclusive interview with Business Insider, Kyle Bryan, brand director at the luxury label LaQuan Smith, breaks down his plans on helping create the next big American fashion house. "A lot of women and celebrities will directly reach out to LaQuan and say, 'I would love for you to make me something,'" he said. "That's how some of our best stuff has even happened."Nisha Persaud's side hustle is creating at-home manicure boxes that are beloved by celebs and have been featured in luxury campaignsDanisha "Nisha" PersaudDanisha "Nisha" PersaudWhen the pandemic made it impossible for Nisha Persaud to get her nails done last year, she created at-home manicure kits to bring the nail salon to her. Since then, she's netted more than $100,000 in revenue and her work has been reposted on social media by Cardi B, received a shoutout by Megan Thee Stallion in a video, and gifted to the model Teyana Taylor for her baby shower. Meet the millennial cofounders of Apparis, the cult-favorite vegan coat brand that raised $3 million in funding this year and just launched a collaboration with Juicy Couture(L) Lauren Nouchi and (R) Amelie Brick.ApparisAmelie Brick, 37, and Lauren Nouchi, 29, are the cofounders of Apparis, an apparel company best known for its vegan coats. In an interview with Business Insider, they talk about why they decided to start a high-end vegan coat line, how the pandemic led them to expand into homewear, and why they decided to launch a collaboration with Juicy Couture. Meet the millennial cofounder of a jewelry brand that has partnered with the NFL and NBA and is on track to make $50 million in revenue this yearChristian Johnston.Courtesy of Christian Johnston cofounder of GLDChristian Johnston is the cofounder of the jewelry brand GLD, beloved by the likes of Justin Bieber and rapper Wiz Khalifa. The company has also done partnerships with the NFL, NBA, MLB, and Disney's Marvel. In an interview with Business Insider, Johnston talks about growing his jewelry company, which is now on track to make $50 million in revenue this year. Hogoè Kpessou worked as an Uber Eats driver before she launched her handbag brand last year. Now she's on track to net seven figures.Hogoè KpessouHogoè KpessouLuxury designer Hogoè Kpessou is best known for her backpacks emblazoned with a gold bumblebee. Before starting her eponymous company, she worked weekend shifts at a local restaurant and delivered food for Uber Eats. Today, she estimates her brand will hit seven figures in revenue in the beginning of 2022. YIMBY with a conscience: Meet the 26-year-old real-estate heir who wants to make affordable housing a reality in the Biden eraDonahue Peebles IIIPeebles CorporationDonahue Peebles III is set to one day take over his father's real estate and development empire, The Peebles Corporation. Speaking to Insider, he talks about his passion for helping make housing more affordable, gives his thoughts on gentrification, and shares his expectations for what's to come under a Biden presidency. Meet the millennial CEO who wants to redefine the ownership of men's clothing, and convinced Alexis Ohanian and Nas to investRegy PerleraCourtesy of SeasonsRegy Perlera is the co-founder of Seasons, an app that allows men to rent designer clothing. He tells Insider that renting clothing is one way to reduce your carbon footprint, and contribute to the circular economy. In 2019, Seasons raised $4.3 million in funding from investors such as Alexis Ohanian's Initialized Capital, Notation Capital, and the rapper Nas.A millennial entrepreneur who runs a high-end watch retailer explains why now is the time to invest in watches — and which timepieces are the most valuableAvi & Co.Avi Hiaeve, owner of the high-end watch retailer Avi & Co., met with Business Insider earlier this year to talk about his watch business as well as give tips for those looking to start investing in luxury watches. "The celebrities and the artists and all of them, they're not wearing watches under $100,000 anymore, everything they want is over $100,000. It's really gone through the roof," he explained to us. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 3rd, 2022

New York"s attorney general subpoenaed Donald Trump Jr. and Ivanka Trump in fraud investigation, report says

James' office is conducting a wide-ranging fraud investigation into the Trump Organization's business dealings. Win McNamee/Associated Press New York AG Tish James subpoenaed Ivanka Trump and Donald Trump Jr., NYT reported. James' office is conducting a wide-ranging civil probe into the Trump Organization's business dealings. The AG is investigating whether the company fraudulently valued its properties for tax and loan purposes. New York attorney general Tish James has subpoenaed former President Donald Trump's eldest children as part of an ongoing civil fraud investigation, The New York Times reported.Donald Trump Jr. and Ivanka Trump were subpoenaed on December 1, the report said, citing a person with knowledge of the matter. Eric Trump was questioned in late 2020.James' office is conducting a wide-ranging investigation into whether the Trump Organization engaged in financial fraud when valuing its properties. A person familiar with the investigation previously told The Washington Post that James is looking into whether rampant fraud "permeated the Trump Organization."The Times reported last month that James wants the former president to sit for a deposition on January 7.James' inquiry is separate from an ongoing criminal probe conducted by the Manhattan district attorney's office, which the attorney general's office is collaborating with.Most of the charges stemming from the DA's investigation so far have focused on tax-related schemes. But in recent months, the civil probe and the criminal investigation have zeroed in on whether Trump Organization officials artificially inflated or deflated the value of properties for loan and tax purposes, respectively.Prosecutors from the DA's office in November issued new subpoenas for records of Trump Organization properties, including golf clubs, offices, and hotels.The Post reported that among other things, prosecutors are scrutinizing a Trump-owned building located at 40 Wall Street in Manhattan. Property records reviewed by The Post showed that the Trump Organization told lenders in 2012 that the building was worth $527 million, but a few months later told tax officials that it was worth just $16.7 million.Tax experts have previously said the discrepancy could point to a ploy to pay lower property taxes.Trump last month filed a lawsuit accusing James of trying to "harass" him with investigations. James' office is "guided solely by political animus and a desire to harass, intimidate, and retaliate against a private citizen who she views as a political opponent," the lawsuit said.The attorney general's office released a subsequent statement dismissing the suit as "an attempted collateral attack on that investigation.""To be clear, neither Mr. Trump nor the Trump Organization get to dictate if and where they will answer for their actions. Our investigation will continue undeterred because no one is above the law, not even someone with the name Trump," the statement said.This story is developing. Check back for updates.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 3rd, 2022