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☆ Senate on track to pass $95 billion foreign aid package this week
▼ + stars: | 2024-04-23 | by ( Morgan Rimmer | ) edition.cnn.com time to read: +2 min

CNN —The Senate will take up the House-passed $95 billion foreign aid package this week, as the legislation nears its final congressional action after both sides of Capitol Hill have struggled for months to send aid to Ukraine, Israel and Taiwan. The legislation ties together four bills that the House voted on separately in a rare Saturday session, providing nearly $61 billion in aid for Ukraine, over $26 billion for Israel and more than $8 billion for the Indo-Pacific. Aid for Ukraine and Israel has been stalled after House and Senate Republicans demanded action on border security first, leading to months of negotiations in the Senate on a border package tied to foreign aid. “The Senate now stands ready to take the next step,” Senate Majority Leader Chuck Schumer declared Saturday afternoon. Senators were supposed to be in recess this week, marking the Passover holiday, but they elected to return and wrap up work on the foreign aid package instead.

Persons: Joe Biden, Mike Johnson, Johnson, Donald Trump, “, Chuck Schumer Organizations: CNN, Capitol, Republicans, Senate, New, New York Democrat, Senators Locations: Ukraine, Israel, Taiwan, American, New York, America

☆ Late Night Tackles the House Bill That Could Ban TikTok
▼ + stars: | 2024-03-14 | by ( Trish Bendix | ) www.nytimes.com time to read: +1 min

“But, yes, obviously, there is a problem with a Chinese app spying on Americans and feeding us propaganda. You want American apps doing that.” — MICHAEL KOSTA“Well, if you guys are worried about the Chinese gathering data on Americans, wait till you find out who makes the phones.” — SETH MEYERS“Only 50 Democrats and 15 Republicans voted ‘no.’ Three-hundred fifty-two voted ‘yes,’ which almost never happens anymore. Who would have guessed that this would be the thing that brings both sides together?” — JIMMY KIMMEL“I mean, Republicans voted against their own border bill because they were afraid it would make Joe Biden look good. They can’t even get it together to stand up to Vladimir Putin. I mean, half the country supports a national security threat for president, might as well dance.” — JIMMY KIMMEL

Persons: — MICHAEL KOSTA “, ” — SETH MEYERS “, ”, JIMMY KIMMEL, Joe Biden, Vladimir Putin, God, Charli D’Amelio, ” — JIMMY KIMMEL “, TikTok, ” — JIMMY KIMMEL Organizations: Republicans

☆ If the US bans TikTok, China will be getting a taste of its own medicine
▼ + stars: | 2024-03-14 | by ( Laura He | ) edition.cnn.com time to read: +7 min

But American apps have long been barred in China. “The TikTok bill appears likely to become law and China’s displeasure seems ironic, if not hypocritical, given its stance toward American social apps,” said Brock Silvers, managing director at Kaiyuan Capital. The Chinese government has said it strongly opposes a forced sale of TikTok, and it has the legal ability to do so. A man walks past the headquarters of ByteDance, the parent company of TikTok, in Beijing. “While China has completely banned [these] American apps, TikTok enjoys all the benefits of America’s free and open legal and political systems,” he said.

Persons: Hong Kong CNN — TikTok, ByteDance doesn’t, Wang Wenbin, ”, Brock Silvers, Wang, Joe Biden, TikTok, CNN Beijing’s, Trump, Greg Baker, “, Winston Ma, Silvers, Alex Capri, Craig Singleton, “ We’ve, ” Capri Organizations: Hong Kong CNN, US, Foreign Ministry, Google, Kaiyuan, Chinese Commerce Ministry, ByteDance, Trump, CNN, Commerce Ministry, Getty, New York University School of Law, Foundation, National University of Singapore Business School, Foundation for Defense of Democracies, Weibo, Twitter, Facebook Locations: China, Hong Kong, United States, Beijing, TikTok, ByteDance, AFP, Washington, Washington , DC

☆ TikTok ban: Tech VC Keith Rabois threatens Republicans with funding halt ahead of House vote
▼ + stars: | 2024-03-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

"Will never fund any Republican candidates or leadership PACs (or the NRSC) run by Republicans who vote against the TikTok legislation," venture capitalist Keith Rabois wrote on X. "Support for the TikTok bill is an IQ test" for members of Congress, Rabois wrote in an email to CNBC. In February, Rabois gave $500,000 to the Congressional Leadership Fund, a political action committee that backs House Republican candidates, according to a Federal Election Commission filing. A managing director at Khosla Ventures, Rabois gave just over $41,000 combined last year to the National Republican Senatorial Committee. Rabois said that whether or not he continues to support the NRCC will be partly tied to how Republican leadership handles the upcoming vote.

Persons: Keith Rabois, Will, ByteDance's, Rabois, Donald Trump, Elon Musk, Chuck Schumer, ByteDance, Mike Johnson, Steve Scalise, Tom Emmer, TikTok Organizations: Khosla Ventures, TechCrunch, San Francisco Design Center, Republicans, CNBC, Congressional, Fund, Republican, Tesla, Senate, Democrat, National Republican, Committee, National Republican Congressional Committee, CCP Locations: San Francisco , California, United States, China, American, La

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ Trade leaders urge governments around the world to join Red Sea military effort
▼ + stars: | 2024-02-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. Currently, U.S.-led Operation Prosperity Guardian is the primary military defense effort protecting merchant vessels that have come under attack from Houthi rebels in the Red Sea. The trade groups' letter comes at a time when the scrutiny of military efforts in the Red Sea is rising within countries that have taken a lead role, including the U.S. Senators on the Foreign Relations Committee, as well as House representatives, have recently questioned the Biden administration's unilateral authorization of Navy action in the Red Sea that can be on behalf of foreign-flagged vessels. Despite political pressure, the flow of global trade remains heavily reliant on the use of foreign vessels.

Organizations: CNBC, American Apparel and Footwear Association, National Retail Federation, Prosperity Guardian, U.S, Senators, Foreign Relations, Biden, MDS Transmodal Locations: Red, U.S, France

☆ A millennial sports bettor who's wagered nearly $1 million on FanDuel shares the 7 things new gamblers should do — and avoid
▼ + stars: | 2024-02-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Read previewWhen states across the US started legalizing sports gambling in 2018, Jimmy, a New York-based sports bettor in his 30s, was ready. Since January 2022, Jimmy and his cousin have bet nearly $1 million through FanDuel and netted roughly $35,000 in winnings, according to a document viewed by Business Insider. Don't bet more than you're willing to loseJimmy said establishing a bankroll and unit size are important steps for new bettors. The unit size is the percent of the bankroll — Jimmy said ideally it's 1% — that gamblers dedicate to the typical bet. Despite his success with sports betting, Jimmy said he and his cousin both have part-time jobs.

Persons: —, Jimmy, FanDuel, Jimmy hasn't, they've, they'd, it's, bettor, parlays, shouldn't, Timothy Fong, Don't, he's, we'll Organizations: Service, Business, American Gaming Association, Sports, NCAA, NBA, WNBA, UCLA, Studies, National Council, Virgin Islands Locations: New York, Young, Canada, Virgin

☆ Supreme Court declines to immediately block West Point from considering race in admissions process
▼ + stars: | 2024-02-02 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +3 min

(Photo by M. Anthony Nesmith/Icon Sportswire via Getty Images)WASHINGTON — The Supreme Court on Friday allowed West Point to continue to consider race in its admissions process for now, rebuffing a request made by a conservative group. The group says that its membership includes two "full qualified, but white" West Point applicants. In asking the Supreme Court to immediately intervene, the challengers said that West Point's program is inconsistent with the Supreme Court's ruling last year. West Point has been considering applications since August and has already made hundreds of offers, Prelogar said. Lower courts declined to immediately prevent West Point considering race while the litigation proceeds.

Persons: Anthony Nesmith, WASHINGTON —, Elizabeth Prelogar, Prelogar Organizations: Army, 124th Army, Navy, Gillette, Getty Images, WASHINGTON, Fair, Harvard, University of North, U.S . Army, Naval Academy, Air Force Academy Locations: Foxborough, University of North Carolina, New York, Maryland, Colorado, West

☆ Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +8 min

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was "impacting everyone and something we're very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was "only mildly impacted by the transit challenges in the Red Sea."

Persons: It's, Petersen, Ryan Petersen, Clifton Broumand, Broumand, it's, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti Organizations: Galaxy, Houthis Media, Getty, Machine, Hamas, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer Urban Outfitters, Free People Locations: Iran, Yemen, Anadolu, Greater Landover , Maryland, Taiwan, China, Gaza, Panama, Asia, Europe, United States, Suez, Africa, Ukraine, Belgium, Germany, British, Maryland, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was “only mildly impacted by the transit challenges in the Red Sea."

Persons: What’s, Ryan Petersen, Petersen, It’s, Clifton Broumand, Broumand, —, ”, “, it’s, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, it's, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti, ____ Anderson, Kelvin Chan, Anne D'Innocenzio, Yuri Kageyama, Tom Krisher, David McHugh Organizations: WASHINGTON, —, Hamas, Machine, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer, Free People, AP Business Locations: Belgium, Germany, British, Maryland, Asia, Ukraine, Yemen, Gaza, Europe, United States, Suez, Africa, “, Panama, Greater Landover , Maryland, Taiwan, China, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India, New York, London, Tokyo, Detroit, Frankfurt

☆ Shein and Temu use a loophole to ship millions of packages to the US tax-free. Here's why the tax rule faces increased scrutiny.
▼ + stars: | 2024-01-22 | by ( Madeline Stone | ) www.businessinsider.com time to read: +9 min

The other bill, from Sen. Bill Cassidy and Sen. Tammy Baldwin, would ban de minimis shipments from China. The provision is more likely to change — a prospect that both Shein and Temu have said they support. Jennifer Ortakales Dawkins/InsiderShipping consultancy ShipMatrix estimates that Shein and Temu each ship more than a million packages to the US daily. It added that almost 50% of all de minimis shipments to the US come from China. Related stories"Changes to the exemption could create a paradigm shift for retailers like Temu and Shein," Bank of America analysts wrote in the note.

Persons: minimis, Earl Blumenauer, Russia —, Bill Cassidy, Sen, Tammy Baldwin, Cassidy, Baldwin, Jay Sole, It's, Jennifer Ortakales Dawkins, Shein's, Temu, Shein, Donald Tang, SHEIN, de minimis, they've, Steve Story, Sole, Satish Jindel, ShipMatrix, Jindel Organizations: Business, Customs, Rep, Bank of America, US Chamber of Commerce, Express, UBS, Pinduoduo Holdings, Goods, Shipping, Chinese Communist Party, China . Shipping, Wired, Shein, American Apparel and Footwear Association, Apex Logistics International, Walmart Locations: Xinjiang, China, Russia, Sen, Singapore, Boston, minimis, United States, mstone@insider.com

☆ Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns
▼ + stars: | 2024-01-18 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

The strikes are a response to attacks on the Red Sea, adding complexity to the regional conflict originating from Israel's Gaza war. With that exception, "This [the Red Sea crisis] is the largest single event – even larger than the early pandemic impact," Murphy said. Sea-Intelligence analyzed current vessel delays compared to delays over the last several years in a report for clients. A leading ocean supply chain advisory firm is warning that the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain impact than the early Covid-19 pandemic. "Threats to Red Sea shipping are a threat to maritime commerce worldwide," said Steve Lamar, CEO of the American Apparel and Footwear Association.

Persons: Luis Boza, Alan Murphy, Murphy, Hope, Steve Lamar Organizations: Getty, Intelligence, MSC, Volvo, Michelin, Ikea, American Apparel and Footwear Association, Logistics, CNBC Locations: Lisbon, Portugal, U.S, Yemen, Red, Gaza, Suez, Good Hope, Europe, United States, Asia

☆ 3 seafoods that are only popular because of marketing schemes
▼ + stars: | 2024-01-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Lobster used to be served as prison food and used as fish bait. Here's how some savvy marketing schemes in the 1800s and 1900s gave lobster, calamari, and Chilean sea bass the glow-ups they needed to become so loved. AdvertisementChilean sea bass is actually called Patagonian toothfishChilean sea bass is a top-dollar fish typically sold at ritzy restaurants alongside other luxury items like foie gras and caviar. But the name "toothfish" wasn't very marketable, so Lantz gave it a much more exclusive-sounding name: the Chilean sea bass — and Americans ate it right up. AdvertisementAnd when more popular fish became less available in the early 1970s, politicians and conservationists realized they needed a way to convince Americans to eat more plentiful fish like squid, the Times reported.

Persons: —, Mother Jones, Lee Lantz, Lantz, Priceonomics Organizations: Service, Massachusetts Bay Colony, Business, Pacific, Wall Street Journal, The New York Times, Times, Massachusetts Institute of Technology Locations: Chilean, North America, New England, Massachusetts Bay, East Coast, California, South America, Chile, Europe

☆ Opinion | Martin Luther King Wasn’t a Lone Messiah
▼ + stars: | 2024-01-14 | by ( Joy-Ann Reid | ) www.nytimes.com time to read: +2 min

Dr. Martin Luther King Jr. stands apart from the other civil rights leaders of the 20th century. director J. Edgar Hoover’s paranoia that a Black messiah would emerge to provoke this nation’s oppressed Black masses to revolution. But King was far from a lone messiah. Among those who took inspiration from King was Medgar Evers; they and Malcolm X formed what James Baldwin called the great trio of the civil rights movement. Evers, the then-32-year-old Mississippi field secretary for the N.A.A.C.P., first wrote to King in 1956, hoping to bring him to his home state.

Persons: Martin Luther King Jr, J, Edgar Hoover’s, King, — King, Medgar Evers, Malcolm X, James Baldwin, Evers, Washington . Evers, “, ’ Organizations: University of Mississippi Law School Locations: Montgomery, Ala, Washington ., Mississippi, Europe

☆ From a homeless shelter to saving six figures and buying her first home: A 34-year-old opens up about her struggles with money and the 5 adjustments that changed her finances
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Ojekunle's debit card, which was linked to her parents' bank account, was declined after she attempted to pay for a few items at the grocery store. "That's like life-changing money," Ojekunle said. Becoming a big saverA big part of financial stability is psychological, and financial trauma is real, she noted. As she got into the habit of saving, she began transferring money directly to the account. According to a screenshot of her bank account viewed by Insider, she was also able to save over six figures before purchasing her home.

Persons: Niké Ojekunle, Ojekunle, I'm, Barnes, Noble, Rich Dad Poor Dad, spender, TikTok, lockdowns, I've Organizations: Business, Nissan, Apparel, Hyundai, Adidas, Food, Costco Locations: Los Angeles, Florida

REUTERS/Mohammad Ponir Hossain/File photo Acquire Licensing RightsNEW DELHI, Nov 9 (Reuters) - Global fashion retailers including H&M (HMb.ST) and Gap (GPS.N) are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers' wages, a U.S.-based association representing more than 1,000 brands said. Asked if they would raise purchase prices by the 5-6% that costs will rise, Stephen Lamar, chief executive of the American Apparel & Footwear Association (AAFA), told Reuters: "Absolutely". "We also renew our pleas for the adoption of an annual minimum wage review mechanism so that Bangladeshi workers are not disadvantaged by changing macroeconomic conditions." Low wages have helped Bangladesh build its garment industry, which employs about 4 million people. Retailers in the United States and Europe are the main buyers of Bangladesh-made clothes.

Persons: Mohammad Ponir Hossain, Stephen Lamar, Lamar, Sheikh Hasina, Hasina, Krishna N, Ruma Paul, Miral Organizations: The Civil Engineering, REUTERS, Labour, American Apparel & Footwear Association, Reuters, International Labour Organization, Abercrombie & Fitch, Bangladesh, Retailers, Thomson Locations: Dhaka, Bangladesh, DELHI, U.S, China, Vietnam, Cambodia, United States, Europe

Instead, ongoing exercises in Hawaii, which conclude Friday, highlight part of a new American approach to Pacific defense and deterrence, with a focus on small groups of mobile land forces operating from islands like those off China's coast. As part of its “Operation Pathways” revamp of Pacific defense set in motion nearly a decade ago, the U.S. has been increasing its number of exercises with partners in the Indo-Pacific. “And that helps the U.S. to overcome its numerical disadvantages as China's navy is continuing to expand. The exercises provide experience in technical and procedural interoperability and also build human bonds that can be critical in times of crisis. Austin’s travels overlap with Secretary of State Antony Blinken ’s own visits to Tokyo, Seoul and New Delhi.

Persons: ”, Marcus Evans, Euan Graham, ” Graham, Evans, ” Evans, Defense Lloyd Austin, Antony Blinken ’, Xi Jinping, Joe Biden, Graham Organizations: 25th Infantry Division, U.S . Air Force, Wheeler Army, U.S . Department of Defense, U.S . Navy, Australian Strategic Policy Institute, U.S, United States Army, Defense, ” Aircraft Locations: BANGKOK, Taiwan, U.S, Beijing, China, Israel, Iran, Hawaii, American, New Zealand, Indonesia, Thailand, Britain, Oahu, United States, Mariana Islands, Guam, Pacific, Philippines, South Korea, Japan, Australia, India, Tokyo, Seoul, New Delhi, Solomon Islands, Washington

☆ Violent wage protests in Bangladesh could hit top fashion brands
▼ + stars: | 2023-11-09 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +8 min

On Tuesday, the country’s wage board announced an increase of $113 a month for garment workers, set to take effect December 1. Garment workers in Bangladesh currently make $95 a month producing clothes for big brands such as H&M, Zara and Levi’s. The American Apparel and Footwear Association, or AAFP, which represents brands in the US suggests a timelier minimum wage review. CNN reached out to the Bangladesh Garment Manufacturers and Exporters Association which represents factory owners for comment but did not hear back. Cambodia now raises its minimum wage for garment workers once a year.

Persons: “, ”, Christina Hajagos, Clausen, Narza Akter, Imran Hossain, ” Matthew Miller, Bangladesh hasn’t, Fitch, Nate Herman, Levi Strauss, Elizabeth Cline, Jason Judd, Judd Organizations: New, New York CNN, Textile and Garment Industry, IndustriALL Global Union, Bangladesh Bureau, Statistics . Garment, Workers, US State Department, United, State Department, McKinsey, US Commerce Department, Puma, Abercrombie, American Apparel and Footwear Association, CNN, Brands, Government, Bangladesh Garment Manufacturers, Policy, Columbia University, Consumer, World Bank, Consumers, Global Labor Institute, Cornell University, Workers Rights Consortium Locations: New York, Bangladesh, Zara, Levi’s, China, United States, Southeast Asia, AAFP, Swedish, ”, Patagonia, Cambodia

U.S. officials visiting South Africa this week to meet African trade ministers will face calls to reauthorise the African Growth and Opportunity Act (AGOA) which expires in 2025. Apparel companies and industry insiders warn that Africa risks a once-in-a-generation shift away from Chinese manufacturing passing it by, with an estimated 240,000 to 290,000 jobs such as Nasimiyu's under threat. Apparel has been the standout success story of AGOA, which launched in 2000 to help develop African economies and foster democracy. African apparel exports under the programme reached nearly $1.4 billion last year, double the amount pre-AGOA. "We've been struck by how open the opportunity is now for us," South African Trade Minister Ebrahim Patel said last week.

Persons: Norah Nasimiyu, Thomas Mukoya, Pankaj Bedi, Norah Nasimiyu's, We've, Ebrahim Patel, Stephen Lamar, Michael Walsh, Constance Hamilton, Biden, Greg Poole, Bedi, Joe Bavier, Duncan Miriri, Alexander Smith Organizations: United Aryan, Processing, The U.S, REUTERS, U.S . Congress, AFRICA Industry, African Trade, United States Fashion Industry Association, American Apparel and Footwear Association, Congress, Research, U.S . International Trade Commission, GSP, UAL, Thomson Locations: Ruaraka district, Nairobi, Kenya, China, NAIROBI, U.S, South Africa, Africa, Philadelphia, Moscow, Beijing, Russia, Lesotho, Madagascar, Ethiopia, AGOA, gridlock, United States, Johannesburg

☆ Dov Charney is fighting over his Silver Lake mansion in bankruptcy court. Only problem: The court can't get rid of squatters like Milo Yiannopoulos and Ye's hanger-ons.
▼ + stars: | 2023-10-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Dov Charney is trying to prevent his Silver Lake mansion from being sold in bankruptcy proceedings. A sprawling, 20-room estate, the Garbutt House is located in the gated Hathaway Hills Estates community in a residential neighborhood of Los Angeles. The structure was built with its original owner's deathly fear of fire in mind, the Times reported. He declined to respond to the Times reporter's questions about the Garbutt House, calling the requests "audacious and impertinent." It remains unclear whether he lives or has lived at the Garbutt House.

Persons: Dov Charney, Milo Yiannopoulos, —, Dov Charney slogs, Ian Connor, Milo Yiannopoulos —, Frank A, Charney, Connor, Brad Krasnoff, Krasnoff, Yiannopoulos, Eric Israel, Ye — Yiannopoulous, Bruce Marks Organizations: American Apparel, Service, Kanye West, Charney's, Los Angeles Times, Estates, Times, Los Angeles Apparel, Apex Locations: California, Hathaway, Los Angeles

Shadi Tabatibi/Reuters Relatives mourn for a family killed in an Israeli airstrike in Gaza City on October 21. Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Fatima Shbair/AP People react at the site of an Israeli airstrike in Al-Shati refugee camp in Gaza City on Saturday, October 14. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9.

Persons: Joe Biden’s, Zhai Jun, Beijing’s, Zhai, ”, Sanam Vakil, ” Jonathan Fulton, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Alexi J . Rosenfeld, Shadi Tabatibi, Ali Jadallah, Belal al Sabbagh, Mohammed Saber, Khan, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Abed Khaled, Mohammed Dahman, Yoav Gallant, Gallant, Yasser Qudih, Ofir Libstein, Aza, Ronen Zvulun, Belal Khaled, Abed Rahim Khatib, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Benjamin Netanyahu, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Ariel Schalit, Mohammed Abed, Kfar Aza, Ilia Yefimovich, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Violeta Santos Moura, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Francisco Seco, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Mahmud Hams, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Xi Jinping, ” Vladimir Putin, Putin, ” Zhai, Mikhail Bogdanov, Putin’s, Israel –, Israel, “, Li Mingjiang, Li, China’s, Mao Zedong, Fulton, Zhao Tong, Vakil, China doesn’t Organizations: Hong Kong CNN, United, Palestine, Chatham House, Atlantic Council, Getty, Pictures, Tel Aviv University, AP, New York Times, Reuters, Reuters Civil, AP Rockets, AP Israel's, Regional, Al, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Israel Defense Forces, Israeli, Ben Gurion International, Shifa, Palestinian, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, CNN, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Biden, US, UN, Singapore’s Nanyang Technological University ., Israel, Carnegie Endowment, International Locations: China, Hong Kong, United States, Israel, Beijing, Palestinian, Qatar, Egypt, Gaza, peacemaking, East, North Africa, Abu Dhabi, Rafah, AFP, Tel Aviv, Deir al, Anadolu, Khan Younis, Europe, Zahra City, Gaza City, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Al, Ahli, Sderot, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Lebanon, Kfar Saba, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Ukraine, Russia, Chatham, Iran, Africa, Moscow, Washington, Xinjiang, Leningrad, Communist China, United Nations, Palestine, Beijing –, Saudi Arabia, Lebanese, Tehran

DALLAS (AP) — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. American Airlines Group Inc., based in Fort Worth, said earnings excluding special items worked out to 38 cents per share. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago. There are already concerns over rising costs for airlines as fuel prices surge at the same time that travel has begun to slow. Fuel prices are still lower than they were last year, but the loss at American could add to anxiety over burdensome costs across the industry.

Persons: Robert Isom, “ We're, ”, Devon May, United Organizations: DALLAS, —, Airlines, United Airlines, Delta Air Lines, American Airlines Group Inc, Delta, United, Labor Locations: United States, Fort Worth, United, Tel Aviv, Israel

☆ Analysis: The affirmative action battle shifts to a new front
▼ + stars: | 2023-10-12 | by ( John Blake | ) edition.cnn.com time to read: +7 min

The lawsuits against the US Navy and West Point suggest that opponents of affirmative action are serious about eliminating any policy of diversity based on race. It’s not surprising that the US Armed Forces have drawn criticism from affirmative action foes. As the country heads into the presidential election year, more lawsuits invoking the Voting Rights Act are expected to follow. Many Black workers historically used auto jobs to build careers, but advancement opportunities have diminished since the early aughts. “But the decline in US auto jobs and the erosion of unions have hit Black workers hardest,” he wrote.

Persons: CNN —, “, ” SFFA, It’s, Henry C, Harris , Jr, Rogers H, Beardon, Frank Frederick Doughton, Elmer B, Edward Blum, Blum, Alabama’s, —, Blum —, Holder, Shelby, you’ve, CNN’s Nathaniel Meyersohn, Evelyn Hockstein, Reuters Meyersohn, ”, John Blake Organizations: CNN, US Naval Academy, Harvard, University of North, Fair, US Military Academy, West, US Navy, US Armed Forces, Defense Department, Black US Army, Military, Fort, US Supreme, Republican, Alabama’s GOP, UAW, United Auto Workers, Detroit’s Big, Reuters Locations: University of North Carolina, America, Fort Benning, Georgia, Alabama, Florida , Louisiana, County, Detroit, Belleville , Michigan

"There are many other law firms with similar racially discriminatory programs," Blum said in a statement. "It is to be hoped that these firms proactively open their programs to all law students before they are sued in federal court." The paid fellowships were designed in part to help support the recruitment of people of color, which major law firms have long struggled to add to their partnership ranks. Last year, people of color comprised 11.4% of all partners in major U.S. law firms, according to the National Association for Law Placement. The lawsuit alleged the fellowship program violated a Civil War-era law enacted to protect formerly enslaved Black people that bars racial bias in contracting.

Persons: Edward Blum, Morrison, Foerster, firm's, Edward Blum's, Perkins Coie, Blum, Blum's, Fearless Fund's, Nate Raymond, Alexia Garamfalvi, Bill Berkrot Organizations: Fair, Harvard University, Wednesday, Edward Blum's American Alliance for Equal Rights, National Association for Law, U.S, Supreme, Harvard, University of North, Thomson Locations: Boston, Dallas, Seattle, University of North Carolina

☆ More mortgage applications are being rejected for 'insufficient income.' Here's why
▼ + stars: | 2023-10-04 | by ( Jared Mitovich | ) www.cnbc.com time to read: +2 min

Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. As high home prices and interest rates push up monthly mortgage payments, it's harder for many consumers to even get a mortgage in the first place. Last year, lenders denied loan applications due to "insufficient income" more often than any other point since records began in 2018, according to a new report from the Consumer Financial Protection Bureau. Refinance applications were more frequently rejected, at a rate of 24.7% in 2022 — up sharply from 14.2% in 2021. "In most cases, income did not increase at the pace of average mortgage payments," said Glassman, who is a member of CNBC's FA Council.

Persons: Barry Glassman, Glassman Organizations: Consumer Financial, Finance, Wealth, CNBC's FA Locations: Larchmont , New York, McLean , Virginia, CNBC's

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