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☆ A renowned market bear who called the dot-com bubble warns Wall Street groupthink is wrongly leading investors to abandon recession forecasts — and says a 'policy disaster' is brewing as the Fed keeps
▼ + stars: | 2024-05-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Various labor market indicators are also showing growing weakness in the economy, he said. Societe GeneraleNational Federation of Independent Business data shows further labor market weakness is likely to come, as small business hiring plans continue to fall. Both stats would suggest a rising unemployment rate going forward. In the meantime, the labor market has consistently proven resilient despite high interest rates, and stocks have enjoyed an eye-popping rally to new highs. Some also argue that labor market data points like the rising unemployment rate have to be shown with context.

Persons: —, Albert Edwards, didn't, Edwards, aren't, we'll, Societe Generale Edwards, Bob Elliott, groupthink Edwards, Alan Greenspan Organizations: Service, Societe Generale, Wall, Business, Societe Generale National Federation of Independent Business, ING, Generale, Unlimited Partners, Bridgewater Associates, of Labor Statistics, Tech

☆ Breaking down the impact of FTC's ban on non-compete agreements
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreaking down the impact of FTC's ban on non-compete agreementsAlan Guarino, Korn vice chairman, joins 'Power Lunch' to discuss the FTC banning non-compete clauses and what it means for American workers.

Persons: Alan Guarino, Korn

☆ What prosecutors have to prove in the Trump hush money trial
▼ + stars: | 2024-04-14 | by ( Kara Scannell | Lauren Del Valle | ) edition.cnn.com time to read: +7 min

Prosecutors allege Trump falsified business records to hide the reimbursement of hush money payments that were made to influence the election outcome. And it may feature at least one audio recording of Trump and Cohen allegedly discussing a catch and kill deal. Necheles represented Trump’s business at its tax fraud trial in 2022. It was the third “catch and kill” deal to come after a key meeting at Trump Tower in August 2015 between Trump, Cohen and Pecker. On October 27, 2016, Cohen wired the money to Daniels and 12 days later Trump won the election.

Persons: Donald Trump, coverup, Trump, Stormy Daniels, Attorney Alvin Bragg, Donald Trump's, Kena Betancur, Juan Merchan, Michael Cohen, David Pecker, ”, Hope Hicks, Cohen, they’ve, Daniels, Todd Blanche, Emil Bove, Susan Necheles, Necheles, Bradley Smith, Alan Garten, Merchan, Pecker, Karen McDougal, Allen Weisselberg Organizations: CNN, Prosecutors, Manhattan, Attorney, Trump, National Enquirer, Commission, Trump Organization, Trump Tower, American Media Locations: Manhattan, New York City, Kena, New York, Lake Tahoe

☆ ADL gives Harvard and a dozen other universities failing grades on campus antisemitism
▼ + stars: | 2024-04-11 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

New York CNN —The Anti-Defamation League has graded 85 American universities for their policies to protect Jewish students from antisemitism on campus. The ADL said antisemitic incidents on campus have reached historic levels, leaving Jewish students feeling unsafe. The dozen schools that received failing grades from the ADL include Harvard, MIT, Stanford, University of Chicago, Princeton, University of Virginia, Tufts, Michigan State University, University of Massachusetts Amherst, SUNY Purchase, SUNY Rockland, and Swarthmore. Harvard remains under federal investigation for potential Title VI violations, and several Jewish students have sued Harvard for failing to protect them from antisemitism. “Like all students, Jewish students deserve to feel safe and supported on campus.”Hamas’ October 7, 2023, attack on Israel left 1,200 dead, and hundreds of Israelis were taken hostage.

Persons: ”, I’m, Jonathan Greenblatt, Israel, Claudine Gay, Gay, Rabbi David Wolpe, Alan Garber, Raffaella Sadun, Derek Penslar, Larry Summers, Sadun, University of Pennsylvania –, Brandeis, Justice Louis Brandeis, Greenblatt Organizations: New, New York CNN, Defamation, Harvard, ADL, “, Civil, Education Department, University of Pennsylvania, Cornell University and Stanford, MIT, Stanford, University of Chicago, University of Virginia, Tufts , Michigan State University , University of Massachusetts, SUNY, Swarthmore . Harvard, Harvard Faculty, Staff, Justice, Harvard Undergraduate Palestine Solidarity Committee, American Resistance Organization, Education, Harvard’s Divinity School, Harvard Business School, Columbia, Rutgers, Brandeis, Elon, Students for Justice, Foundation, Combat, Elon University Locations: New York, United States, Israel, Princeton, Tufts ,, Tufts , Michigan State University , University of Massachusetts Amherst, SUNY Rockland, Palestine, “, Gaza

☆ Fact check: Trump falsely claims that appeals court said ‘you won’ the civil fraud case he lost
▼ + stars: | 2024-04-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +6 min

I won the case, because I won it in the Appellate Division. …I won the case because it’s called statute of limitations. The appeals court never said he won the case. The cutoff date would’ve been February 6, 2016, for any defendants Engoron decided weren’t covered by the agreement.) After Trump wrongly claimed to reporters, following the first day of the trial, that “about 80% of the case is over” because of the appeals court ruling, Engoron said in court the next day: “This case arrived at the App.

Persons: Donald Trump, “, ” Trump, Letitia James, Arthur Engoron’s, Trump, …, it’s, ‘, ’ He’s, He’s, he’s, Ivanka Trump, general’s, Engoron, that’s, Rather, ”, Alan Garten, ” James ’, ” Engoron Organizations: Washington CNN, New, Division, Trump, Trump Organization, SFC Locations: New York, Wisconsin, ”

☆ Disney proxy battle concluding: Here's what's at stake
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney proxy battle concluding: Here's what's at stakeAlan Gould, Loop Capital managing director, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, who has the upper hand ahead of the shareholder meeting tomorrow, and more.

Persons: Alan Gould, Nelson Peltz Organizations: Loop Capital

☆ Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says
▼ + stars: | 2024-03-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump arrives for the start of his civil fraud trial at New York State Supreme Court on October 02, 2023 in New York City. Chubb was one of more than 30 companies that refused to craft a bond that would put the massive business fraud judgment on pause, attorneys for Trump said in a New York appeals court filing Monday. Appeal bonds aim to prevent the loser of a court judgment from using the appeals process to delay or avoid paying their penalties. But "within the past week," he said, Chubb reversed course and "notified Defendants that it could not accept real property as collateral." "Though disappointing, this decision was not surprising given that Chubb was the only surety willing to even consider accepting real estate as collateral," Garten said.

Persons: Donald Trump, Chubb, Trump, Letitia James, James, Alan Garten, Warren Buffett's Berkshire, —, Garten Organizations: U.S, New York, Court, Trump, New, Trump Organization, Warren Buffett's Berkshire Hathaway, Liberty Mutual, Allianz Locations: New York City, New York

☆ What's up with Trump and Chubb? Insurance giant balks at underwriting fraud-case bond days after blowback from E. Jean Carroll bond
▼ + stars: | 2024-03-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Ten days ago, Chubb underwrote Trump's $92 million bond for his E. Jean Carroll defamation appeal. But Chubb declined to handle the far higher appeal bond Trump now needs in his NY civil fraud case. The insurance giant had faced blowback after agreeing to the Carroll bond. Chubb's "no, thanks" comes just five days after the company's CEO, Evan Greenberg, sent a letter to brokers, clients, and investors addressing widespread criticism over the Carroll bond. The Carroll bond was underwritten by Chubb subsidiary Federal Insurance Company.

Persons: Chubb, Trump's, Jean Carroll, Trump, Carroll, —, Donald Trump's E, Evan Greenberg, Greenberg, Nick Newton, Newton, Neil Pederson, Pedersen, it's, Letitia James, James, Alan Garten Organizations: Service, GOP, Trump, Insurance, Business, Chubb, Insurance Company, National Association, Bond, Sons, New York, Trump Organization Locations: New York, York, AssuredPartners, Manhattan

☆ Harvard ‘absolutely failed’ to comply with unprecedented subpoena in antisemitism probe, House Education Committee chair says
▼ + stars: | 2024-03-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Rep. Virginia Foxx, the Republican chairwoman of the House Education Committee, said Tuesday that Harvard University has failed to comply with her unprecedented subpoena for documents on campus antisemitism. Harvard turned over another trove of documents about campus antisemitism to Congress on Monday evening. Foxx argued that heavy redactions by Harvard made several documents “useless,” while many others were duplicates of documents previously submitted. The Education Committee did not detail specifically which steps lawmakers are now considering to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.

Persons: Virginia Foxx, Foxx, ” “, ” Foxx, Harvard, –, “, Alan Garber, Penny Pritzker, There’s, Jason Newton, “ Harvard, ” Newton Organizations: CNN — Rep, House Education, Harvard University, ” “ Harvard, Ivy League, Harvard, Harvard Corporation, Harvard Management Company, CNN, University Locations: Newton

☆ Facing unprecedented subpoena, Harvard submits more documents to Congress in antisemitism probe
▼ + stars: | 2024-03-04 | by ( Rene Marsh | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Harvard University turned over another trove of documents about campus antisemitism to Congress on Monday evening in response to an unprecedented subpoena from the House Education and Workforce Committee. Harvard was facing a 5 pm ET Monday deadline to respond to the subpoena, the first issued since the House Education Committee was founded in March 1867. “Harvard has produced documents in response to the Committee’s subpoena,” Nick Barley, a spokesperson for the House Education Committee, told CNN on Monday evening. “The Committee is currently reviewing those documents.”If Harvard had not responded, the committee would have had to consider further steps to enforce its subpoena. “Harvard denounced antisemitism on our campus and have made clear that the University will continue to take actions to combat antisemitism in any form,” Newton said.

Persons: It’s, Virginia Foxx, “, Nick Barley, Jason Newton, Harvard, “ Harvard, ” Newton, ”, Alan Garber, Penny Pritzker, Foxx Organizations: CNN — Harvard University, House Education, Workforce Committee, Harvard, “ Harvard, CNN, Monday ., University, ” Harvard, Harvard Corporation, Harvard Management Company Locations: Newton

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ Harvard antisemitism official abruptly resigns from new task force
▼ + stars: | 2024-02-25 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —The co-chair of a newly formed task force fighting antisemitism at Harvard University has abruptly stepped down after barely a month at the helm. The Harvard Jewish Alumni Alliance, which the Globe said is leading the campaign, did not immediately respond to a request for comment. When Garber announced the presidential task force on antisemitism, he tapped Sadun and Harvard professor Derek Penslar to co-chair it. Penslar remains on the presidential task force, after receiving significant internal and external support. The rest of the antisemitism task force is being filled out by various students, professors and administrators at Harvard.

Persons: Raffaella Sadun, Alan Garber, Sadun, “, ” Garber, ”, Bill Ackman, Garber, David Wolpe, Claudine Gay’s, Jared Ellias, tapped Sadun, Derek Penslar, Larry Summers, Roni Brunn Organizations: New, New York CNN, Harvard University, Harvard Business School, Ivy League, CNN, Harvard, Harvard Crimson, Harvard’s Divinity School, Boston Globe, Harvard Jewish Alumni Alliance, Globe, Department of Education, Jewish, Harvard Jewish, Alliance, Sunday . Locations: New York

☆ Harvard condemns antisemitic image circulated by pro-Palestinian groups on campus
▼ + stars: | 2024-02-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Harvard University and its interim president have condemned an image circulated on social media by pro-Palestinian campus groups, prompting the groups to remove and apologize for the posting. The three groups that circulated the image issued their own statements criticizing it. The groups said they had removed the image, but “it should never have been published to begin with. Garber assumed the post of interim president after former Harvard President Claudine Gay resigned last month amid criticism that she and the school had not responded sufficiently against antisemitism on campus. The criticism about Harvard’s response to antisemitism on campus has prompted some major financial donors to withdraw support of the school.

Persons: David, Muhammad Ali, Gamal Abdel Nasser, ”, Alan Garber, Garber, Claudine Gay, Gay Organizations: New, New York CNN — Harvard University, Harvard Faculty, Staff, Justice, Harvard Undergraduate Palestine Solidarity Committee, American Resistance Organization, Harvard, Capitol, Harvard University, Ivy League, Education, Workforce Committee Locations: New York, Palestinian, Palestine, Egypt, Israel, Gaza

☆ House committee issues unprecedented subpoenas to Harvard in antisemitism investigation
▼ + stars: | 2024-02-16 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —A congressional committee investigating campus antisemitism took the unprecedented step of issuing multiple subpoenas to Harvard University on Friday, compelling the Ivy League school to turn over documents lawmakers are seeking. Three different Harvard officials are being subpoenaed: Alan Garber, Harvard’s interim president; Penny Pritzker, the billionaire leader of the Harvard Corporation, the governing board of the school; and N.P. The subpoenas order the Harvard officials to produce a series of documents by 5 pm ET on March 4. That list included meeting minutes since Hamas’ October 7 terror attacks on Israel and communications by university officials related to antisemitism. “Given the breadth and extensive nature of the information Harvard has provided to the Committee, it is unfortunate that the Committee has chosen to issue subpoenas,” Swain said.

Persons: Virginia Foxx, ” Foxx, Nick Barley, Alan Garber, Penny Pritzker, Narvekar, Foxx, Jonathan Swain, “, ” Swain, Swain, ”, “ Harvard’s Organizations: New, New York CNN, Harvard University, Ivy League, Rep, House Education, Workforce Committee, Harvard, CNN, Education, Labor, Harvard Corporation, Harvard Management Company Locations: New York, Israel

HOUSTON (AP) — A motive for why a woman in a trenchcoat opened fire in celebrity pastor Joel Osteen's megachurch in Texas remained unclear Monday after the shooting sent worshippers rushing for safety in between busy Sunday services. Police say two off-duty officers working security at Osteen's church, one of the largest megachurches in the U.S., shot and killed the suspect. Osteen said the violence could have been worse if the shooting had happened during the earlier and larger late Sunday morning service. Houston Police Chief Troy Finner did not identify the suspect at a news conference Sunday while standing near Osteen. The woman began shooting and was confronted by two off-duty officers, a Houston police officer and an agent with the Texas Alcoholic Beverage Commission, who returned fire.

Persons: Joel Osteen's megachurch, Osteen, Troy Finner, Finner, Alan Guity, “, ’ ”, Guity, JOEL OSTEEN, John Osteen, Joel Osteen, God, Hurricane Harvey, Paul J, Weber Organizations: HOUSTON, Police, Houston Rockets, . Houston Police, Houston, Texas Alcoholic Beverage Commission, WHO, Authorities, Lakewood Church, Hartford Institute for Religion Research, Associated Press Locations: Texas, U.S, Osteen, Houston, Honduras, Lakewood

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ House gives Harvard one-week deadline to turn over antisemitism documents or face subpoena
▼ + stars: | 2024-02-07 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Turn over a trove of documents about antisemitism on campus or face a subpoena. “If the above priority requests are unfulfilled by the deadline set above, the Committee is prepared to issue a subpoena,” Foxx wrote. Garber, who replaced Claudine Gay after she stepped down last month, has signaled Harvard will cooperate with the House investigation. That document is a set of recommended goals and steps to address antisemitism by Harvard’s antisemitism advisory group. Most of the documents Harvard has turned over are publicly available, including more than a thousand pages of student handbooks and university rules, according to the House committee.

Persons: Virginia Foxx, Foxx, ” Foxx, Alan Garber, Penny Pritzker, Garber, Claudine Gay, Crimson, “, ” Organizations: CNN, House Education, Workforce Committee, Harvard University, Wednesday, Harvard, Ivy League, Harvard Corporation, Defamation Locations: Israel, Harvard

☆ Department of Energy is investigating Harvard after Palestinian and Muslim students file complaint
▼ + stars: | 2024-02-06 | by ( Rene Marsh | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —The Department of Education on Tuesday announced a new investigation into Harvard University’s handling of alleged discrimination on its campus after a federal civil rights complaint was filed late last month against Harvard on behalf of Muslim and Palestinian students. The students said in the complaint that the school failed to protect them from harassment and intimidation, according to the Muslim Legal Fund of America. The Department of Education is already investigating the Harvard and other universities over alleged incidents of antisemitism and Islamophobia on campus. “They are trying to walk the campus but they’re getting accosted because they look like someone who might be Palestinian or Muslim. Earlier this month, Harvard Interim President Alan Garber launched a presidential task force designed to fight Islamophobia and anti-Arab bias.

Persons: Christina Jump, they’re, ”, MLFA, “ We’ve, ” MLFA, Alan Garber, ” Garber Organizations: CNN, Department of Education, Harvard, Muslim, Fund of America, University, of Education, Civil Litigation Department, ” CNN Locations: Israel

☆ Harvard taps ex-Merck CEO Ken Frazier to join embattled board
▼ + stars: | 2024-02-05 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Former Merck CEO Ken Frazier and KKR co-CEO Joseph Bae are joining Harvard University’s top board as the Ivy League school seeks to turn the page on a tumultuous period. Harvard announced the changes on Sunday evening, saying Frazier will start Wednesday to fill the open seat on the Harvard Corporation, the powerful yet secretive board under fire its handling of the recent controversies. Frazier, who graduated Harvard Law School in 1978, served as CEO of Merck and sat on the board of ExxonMobil, is widely respected in the business community. In 2017, Frazier quit former President Donald Trump’s manufacturing council in response to Trump’s initial failure to condemn white supremacists. Bae graduated from Harvard in 1994 and today he’s one of the most powerful private equity executives in the world.

Persons: Ken Frazier, Joseph Bae, Frazier, Bae, Paul Finnegan, Claudine Gay, ”, Alan Garber, Penny Pritzker, ” Harvard, Pritzker, megadonor, Gay, Donald Trump’s, Catalyst, Garber Organizations: New, New York CNN, Merck, KKR, Harvard University’s, Ivy League, Harvard, Harvard Corporation, Corporation, Democratic Party, Harvard Law School, ExxonMobil Locations: New York, Asia

☆ Opinion: The meaning of Black History Month on campus following the ouster of Harvard’s president
▼ + stars: | 2024-02-01 | by ( Opinion Khalil Gibran Muhammad | ) edition.cnn.com time to read: +10 min

CNN —Black History Month, which gets underway this week, is a chance to give Americans the timely reminder that you can’t teach our history honestly without understanding Black struggle and triumph. There are few aspects of America’s past that haven’t been impacted by conscientious Black people and their resistance to systemic racism and illiberal democracy. The situation at Harvard has been made more dire by the university’s failure to push back sufficiently against broader political attacks. Another vocal critic of Penslar is the former Harvard president Lawrence Summers, who was also an outspoken opponent of Gay’s. As an academic institution, we should be leading the resistance to these assaults on higher education, not bowing to them.

Persons: Khalil Gibran Muhammad, ” Khalil Gibran Muhammad, Virginia Foxx, ” Foxx, ”, Claudine Gay, Foxx, “, haven’t, Donald Trump, Adolph Hitler, Alan Garber, Gay, —, Garber, Derek J, Harvard’s, Penslar, Bill Ackman, Lawrence Summers, Black Organizations: Ford Foundation, Harvard University, CNN, Harvard Kennedy School, Republican, University of Pennsylvania, GOP Rep, Global, Harvard Divinity School, “, Racial, Harvard, Republican Party, Equity Locations: American, United States, America, Florida, Gaza, Israel

☆ Palestinian and Muslim students demand investigation into Harvard for allegedly failing to protect them from harassment
▼ + stars: | 2024-01-29 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —A federal civil rights complaint was filed on Monday against Harvard University on behalf of Muslim and Palestinian students who say the school failed to protect them from harassment and intimidation, according to the Muslim Legal Fund of America. The complaint, filed with the Department of Education’s Office for Civil Rights, calls for an immediate investigation into Harvard, the legal group said. “They are trying to walk the campus but they’re getting accosted because they look like someone who might be Palestinian or Muslim. Last fall, the Education Department launched a federal investigation into Harvard and other universities over alleged incidents of antisemitism and Islamophobia. In October, the names and faces of Harvard students allegedly linked to an anti-Israel statement were plastered on a mobile billboard truck that drove near campus.

Persons: MLFA, ”, Christina Jump, “, they’re, “ We’ve, ” MLFA, Alan Garber, ” Garber Organizations: New, New York CNN, Harvard University, Muslim, Fund of America, Department of Education’s, Civil Rights, Harvard, Civil Litigation Department, CNN, Education Department Locations: New York, Israel

☆ Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider. A 'pretty brazen' plotGarten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast. So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it."

Persons: —, Barbara Jones, Donald Trump's, Arthur Engoron, Jones, Trump's, Trump, Donald J, Alan Garten, Garten, Judge Jones, Martin Lobel, Mother Jones, Adam Levitin, didn't, Jordan Organizations: Service, Daily, Business, Manhattan, Trump Organization, Chicago, Government, New York Times, Georgetown University, Citizens Locations: York, Washington

☆ Netflix has won the streaming war and deserves its high multiple, says Loop Capital's Alan Gould
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix has won the streaming war and deserves its high multiple, says Loop Capital's Alan GouldAlan Gould, Loop Capital managing director, joins 'Squawk on the Street' to discuss to what degree valuation is a concern for shares of Netflix, his take on the advertising business, and more.

Persons: Alan Gould Alan Gould Organizations: Netflix, Loop Capital

☆ The Fed itself is the biggest risk to a soft landing for the US economy, top economist says
▼ + stars: | 2024-01-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The Fed is the biggest risk to a soft landing for the economy, former Fed official Claudia Sahm said. The Fed is the biggest risk to the soft landing." Instead, an "unnecessary" recession created by elevated interest rates would be far worse. Advertisement"The idea that the worst thing that the Fed can do is cut and then raise is dangerous," she wrote. For the Fed to reverse its rate cuts wouldn't be the worst thing in the world, Sahm said.

Persons: Claudia Sahm, —, Chris Waller, Raphael Bostic, Sahm, Paul Volcker, Alan Greenspan, Jerome Powell, that's Organizations: Service, Atlanta Fed, Fed

☆ GOP Rep. Virginia Foxx admonishes Harvard for ‘unacceptable’ response to antisemitism investigation
▼ + stars: | 2024-01-23 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —House Education Committee Chairwoman Rep. Virginia Foxx blasted Harvard University on Tuesday evening for failing to turn over all the documents lawmakers demanded in their antisemitism investigation into the Ivy League school. Harvard faced a 5 pm ET deadline on Tuesday to respond to a demand from lawmakers for a mountain of documents relating to antisemitism on campus. Last week, Alan Garber, Harvard’s interim president, unveiled two presidential task forces aimed at fighting antisemitism and Islamophobia. The House investigation is separate from a probe by the same committee into how Harvard responded to plagiarism allegations against its former president, Claudine Gay. The Department of Education has also launched an unprecedented number of Title VI investigations into colleges, including Harvard, the University of Pennsylvania and Cornell University.

Persons: Virginia Foxx, Foxx, “, Harvard, ” Foxx, Nick Barley, ”, Alan Garber, ” Garber, Lawmakers, Claudine Gay Organizations: CNN —, Harvard University, Ivy League, Republican, Harvard, CNN, The, of Education, University of Pennsylvania, Cornell University Locations: North Carolina, Harvard

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