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☆ Diddy's ex-girlfriend Misa Hylton shared a video of his two sons being detained during house raid, and said feds used 'excessive force'
▼ + stars: | 2024-04-03 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewSean "Diddy" Combs' ex-girlfriend Misa Hylton said federal agents used "excessive" force against the rap mogul's son, as she shared new footage of the raid on his Los Angeles home last month. "The over zealous and overtly militarized force used against my sons Justin and Christian is deplorable," Hylton wrote in the caption. AdvertisementThe surveillance footage appeared to show Christian Combs being handcuffed against a wall and officers pointing firearms at Justin Combs. Hylton added that Justin Combs' attorney, Jeffrey Lichtman, was investigating what she described as "the excessive use of force." Joi Stokes / WireImageRepresentatives of Combs and his sons, Hylton, and the Department of Homeland Security did not immediately respond to a request for comment from BI.

Persons: —, Sean, Diddy, Combs, Misa Hylton, Aaron Dyer, Hylton, Justin Dior Combs, Christian Combs, Kim Porter, Justin, Christian, Justin Combs, Jeffrey Lichtman, Joi Stokes, Dyer, Mr Organizations: Service, Department of Homeland Security, Business, Forbes, Los Angeles Times, MEN Locations: Los Angeles, LA, Miami, Instagram, WireImage

☆ Sean ‘Diddy’ Combs: The ups and downs of a ‘bad boy’ turned businessman
▼ + stars: | 2024-03-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +9 min

CNN —Sean “Diddy” Combs once traced his success back to a pair of shoes. With his legacy in question, this particular chapter of the story of Sean “Diddy” Combs is currently punctuated more by an ellipsis than a period. Jessie James Combs, Chance Combs, Diddy, D'Lila Combs and Justin Dior Combs attend in September of 2023. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on Monday. He was briefly stopped by law enforcement and subsequently releasedThe source would not reveal Combs’ vacation destination or current whereabouts.

Persons: Sean “ Diddy ” Combs, ”, Combs, he’s, Puffy, Diddy, Love, Christopher Wallace, B.I.G, Wallace, Chance ”, Sean Combs, “, Faith Evans, ” Combs, Wendy Williams, Wallace’s, Justin, Misa Hylton, Kim Porter, Christian, Twin, Jessie James, Jessie James Combs, Chance Combs, D'Lila Combs, Justin Dior Combs, Jason Kempin, Chance, Sarah Chapman, Dana Tran, Sean Jean, — Combs, wasn’t, Sean John, Sean John’s, Sean, Shannon Stapleton, “ Sean Combs, Cassie Ventura, ” Aaron Dyer, ” Dyer, Mary J, Blige, MGK, Janelle Monáe, CNN’s John Miller, Elizabeth Wolfe, Eric Levenson, Denise Royal, Elizabeth Wagmeister, Carlos Suarez Organizations: CNN, Department of Homeland Security, Bad Boy Records, Ciroc, Global Brands Group, Diageo PLC, Reuters, Diageo, Bad Boy Entertainment, Miami Locations: Manhattan, Quincy, Los Angeles, Miami

☆ Biden's 2025 budget marries progressive tax hikes with populist campaign planks
▼ + stars: | 2024-03-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Like all presidential budgets, Biden's 2025 plan is more of a wish list than it is a policy document. "Do you really think the wealthy and big corporations need another $2 trillion in tax breaks? Biden's populist, progressive, tax-the-rich funding plan is not a novel proposal from his White House. House Republicans tried to preempt Biden's budget proposal last week, by passing their own 2025 budget resolution in a party-line committee vote. Back-and-forth disagreements in Congress have meant that six months into the fiscal year, lawmakers have still not settled on a permanent budget.

Persons: Joe Biden, Joe Biden's, Donald Trump, Biden, Kevin McCarthy Organizations: Hylton Performing Arts Center, Capitol, Biden, White, Social Security, Republicans, Republican Locations: Manassas , Virginia, U.S, Washington

☆ Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from the IRS. What investors need to know
▼ + stars: | 2024-03-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. The IRS announced it hired two former crypto executives to beef up its digital currency service, reporting, compliance and enforcement programs. "Everybody's been waiting for the tidal wave of this enforcement activity," said James Creech, an attorney and senior manager at accounting firm Baker Tilly. More from Personal Finance:IRS targets wealthy 'non-filers' with new wave of compliance letters4 red flags for an IRS tax audit — and how to avoid the 'audit lottery'IRS aims to close 'inequity gap' for unpaid taxes. These actions will trigger a "significant amount" of crypto enforcement, said Hylton, who is a former IRS commissioner for the agency's small business and self-employed division.

Persons: Everybody's, James Creech, Baker Tilly, Eric Hylton, John Doe, Hylton Organizations: IRS, Finance, Alliantgroup

☆ IRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for audit
▼ + stars: | 2024-02-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. The tax gap, or the difference between taxes owed and paid, was an estimated $688 billion for tax year 2021, the IRS reported in October. Instead, profits flow through to the business owners' tax returns. Other 'red flags' for higher earnersIn addition to complex partnerships, the IRS is watching for other "red flags" from higher earners, according to Hylton. Another area of for increased audits could be estate and gift tax returns, particularly those using "aggressive valuation discounts" for assets, Hylton said.

Persons: Daniel Werfel, Chip Somodevilla, Danny Werfel, Werfel, Eric Hylton, Hylton, Colin Walsh, Baker Tilly, Baker Organizations: Senate, IRS, Alliantgroup Locations: U.S, Hylton, Puerto Rico

☆ Trump-branded properties are selling for far less than buildings that removed his name, report says
▼ + stars: | 2024-02-19 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Read previewCondominiums in Manhattan branded with the name of former President Donald Trump are selling for far less than buildings that have removed his branding, according to The New York Times. Van Nieuwerburgh told The Times that this indicates that Trump-branded condos became a "bargain" in the Manhattan real-estate market. In contrast, The Times reported that condominiums in four buildings where the Trump logo has been removed at the request of residents have seen their value shoot up. "This analysis cleanly identifies that it is the Trump brand that is responsible for the value deterioration," Van Nieuwerburgh told The Times. Overall, Van Nieuwerburgh's analysis found a "huge" 25% fall in value for Trump-branded properties compared with like-for-like properties from their peak in 2013, according to The Times.

Persons: —, Donald Trump, Stijn Van Nieuwerburgh, Trump, Van Nieuwerburgh, Ondel Hylton, Hylton, Van Organizations: Service, The New York Times, Columbia University, Business, Times, Trump, The Times, Trump Organization Locations: Manhattan, Trump, CityRealty, Florida, Lago

☆ Five takeaways from the New Hampshire primary
▼ + stars: | 2024-01-23 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

But she’ll be battling history: In modern presidential campaign history, no non-incumbent has won the Iowa caucuses and New Hampshire primary without going on to win his party’s nomination. Here are five takeaways from the New Hampshire primaries:Trump wants Haley out — nowIn what were expected to be celebratory remarks Tuesday night in New Hampshire, Trump instead sounded annoyed that Haley had not yet dropped out of the Republican primary race. There are dozens of states left to go,” Haley told supporters in her election night speech Tuesday in New Hampshire. Haley waves to the audience as she speaks at a New Hampshire primary night rally, in Concord, New Hampshire, on Tuesday. (Trump skipped all five Republican primary debates, and has shown no indication he’d consider participating in one.)

Persons: Donald Trump, Nikki Haley, Haley, she’ll, Trump, seethed, “, Joe Biden, —, ”, Vivek Ramaswamy, South Carolina Sen, Tim Scott, ” Ramaswamy, Haley’s, “ megadonors, Scott, Tim, ” Trump, ” Scott, Julie Chavez Rodriguez, won’t, ” Haley, What’s, Ron DeSantis, Mark Harris, Charles Krupa, Biden, Haley outperforms, ” Biden, Biden’s, Evelyn Hockstein, Dean Phillips, Marianne Williamson, Jen O’Malley Dillon, Mike Donilon Organizations: CNN, New, South Carolina Gov, Republican, Trump, White House, Republicans, America, South Carolina Republican, Senate, ’, South Carolina —, Florida Gov, —, Haley, SFA Fund, Republicans ’, South, Trump’s, New Hampshire Republican, Democratic, Democratic National Committee, Hylton Performing Arts Center Locations: New Hampshire, South Carolina, Iowa, Virginia, “, “ New Hampshire, Nevada, Florida, North Charleston, Concord , New Hampshire, CNN’s, America, Manassas , Virginia, Minnesota, Wilmington

☆ Best Podcasts of 2023: Amy Poehler, ‘Heavyweight,’ Willa Paskin
▼ + stars: | 2023-12-04 | by ( Reggie Ugwu | ) www.nytimes.com time to read: +3 min

As always, consider this list not an objective ranking but a kind of tip sheet — more Michelin Guide than the World’s 50 Best Restaurants. Casual and avid podcast listeners alike should come away with a clear sense of what the medium can do. ‘Decoder Ring’Willa Paskin’s deep-dive investigations into questions you never thought to ask (Is Parmesan cheese “authentic” Italian? In its fifth year, “Decoder Ring” was as unpredictable (does parking infrastructure count as “culture”? (Listen to “Decoder” Ring from Slate.)

Persons: Phoebe Judge, Lauren Spohrer, Aretha Franklin, Willa Paskin’s, —, Mike Hixenbaugh, Antonia Hylton’s, “, Hylton Organizations: Michelin, —, Criminal, Vox, Slate, Christian, NBC News Locations: Italian, Yellowstone Park, Dallas, Hixenbaugh

☆ Cape Town’s ‘urban’ baboons: How to live with our primate cousins
▼ + stars: | 2023-12-02 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —More than half of the world’s population live in urban areas where nature can feel like a distant concern. Thriving ecosystems do, however, exist within our cities — even beneath our feet — and embracing urban nature can be a powerful force for change. Cape Town’s baboons can often be found rummaging through garbage cans and around backyards, putting them at greater risk of conflict with humans. Easy access to food from Cape Town’s trash means baboons spend less time and energy foraging, and more on socializing with potential mates and the rest of their group. The city has begun taking proactive measures to keep them away from Cape Town’s outskirts and in their natural hillside habitat.

Persons: CNN —, Corey Arnold, denning, Lawrence Hylton, Neil Zeller, Gizem, Harvard University’s, Mary Cleave, Ashley Strickland, Katie Hunt Organizations: CNN, Southern, DreamWorks, Gizem Gumuskaya Tufts University Scientists, Tufts University, Harvard, Harvard University’s Wyss, NASA, Challenger, Tasmanian, CNN Space, Science Locations: West London, city’s, Cape Town , South Africa, backyards, Cape Town’s, California, Hong, New Territories, Shing Mun, Canadian, Guatemala

☆ Lawrence Hylton photographs Hong Kong’s creatures of the night
▼ + stars: | 2023-11-28 | by ( Arya Jyothi | ) edition.cnn.com time to read: +5 min

Lawrence Hylton Hong Kong is home to more than 1,000 animal species, including this giant shield mantis. Lawrence Hylton Snakes are Hylton's favorite animal to photograph, but getting close enough can be a challenge. Lawrence Hylton Hylton started photographing wildlife at the age of 17. Lawrence Hylton Hong Kong has over 245 species of butterflies including the fish-line silkworm, pictured here. Lawrence Hylton Here, Hylton gets a close-up view of a local stag beetle.

Persons: Lawrence Hylton’s, Hylton, “ I’m, ”, Lawrence Hylton, Lawrence Hylton Hylton, Lawrence Hylton Here, “, ” Hylton, Bosco Chan, WWF Hong Kong, Chan Organizations: CNN, WWF Locations: They’re, Hong Kong, British, China, Hong, Kong, Lawrence Hylton Hong Kong, WWF Hong

ATLANTA (AP) — When rapper Young Thug goes to trial later this month on gang and racketeering charges, prosecutors will be allowed to use rap lyrics as evidence against him, a judge ruled Thursday. Young Thug, whose given name is Jeffery Lamar Williams, was indicted last year along with more than two dozen others. Young Thug has had enormous success as a rapper and has his own music label, Young Stoner Life. All of the defendants were accused of conspiring to violate the anti-racketeering law, and the indictment includes rap lyrics that prosecutors allege are overt acts “in furtherance of the conspiracy.”“The question is not rap lyrics. The question is gang lyrics,” prosecutor Mike Carlson told the judge during a hearing Wednesday, later adding.

Persons: Young Thug, Ural Glanville, Young, Jeffery Lamar Williams, Young Stoner, Childish Gambino, ”, Mike Carlson, ” Carlson, Simone Hylton, Doug Weinstein, Deamonte Kendrick, Yak Gotti, Weinstein, “ They're, “ Organizations: ATLANTA, Fulton County Superior, Prosecutors, Bloods, Defense Locations: Fulton County

☆ What to know as IRS kicks off withdrawal option for pandemic-era small business tax credit
▼ + stars: | 2023-10-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Good Brigade | Digitalvision | Getty ImagesThe IRS has announced a special withdrawal process for small businesses that wrongly claimed a pandemic-era tax break — and experts have tips for those who may be affected. Worth thousands per eligible employee, the ERC attracted a cottage industry of companies pressuring small businesses to amend payroll tax returns and wrongly claim the credit. The IRS on Thursday unveiled a withdrawal option for small businesses with pending ERC claims before facing repayment, interest and penalties. "This is a game-changer," said Eric Hylton, national director of compliance for Alliantgroup, a firm that has been reviewing ERC claims for other tax professionals. As of Oct. 11, the agency estimated a backlog of 849,000 Forms 941-X, which includes ERC claims.

Persons: Eric Hylton, I'm, Hylton, you've, there's, It's, Dean Zerbe, Zerbe Organizations: Brigade, IRS, ERC, Alliantgroup Locations: Worth, It's

Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ The Biden tax proposals that could hit baby boomer, family businesses
▼ + stars: | 2023-04-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +7 min

President Joe Biden's 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Here are five provisions business owners should be aware of in President Biden's budget:A higher capital gains tax rate would be bad for business sellers. Biden is proposing that the corporate tax rate be increased to 28% from 21%. The majority of small businesses are pass-through businesses that are not subject to the corporate income tax, but for companies that are, the increase would be meaningful, tax experts said. Biden's proposal would increase the 3.8% net investment income tax rate on small business income over $400,000 to 5%.

☆ How different media outlets are handling the Tyre Nichols arrest footage
▼ + stars: | 2023-01-28 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

“This will not be easy for anyone,” CNN anchor Erin Burnett said before playing the footage for the network’s audience. In such cases, often a decision is made to run the graphic footage in an uncensored manner for a limited time, before later airing more limited clips of the incident. Just hours before the release of the Nichols footage, graphic video capturing the grisly attack on Paul Pelosi, the husband of former House Speaker Nancy Pelosi, was also released to the public. “We had no idea what that was going to look like and that should have had a warning and a graphic warning before we showed it and then on screen,” Faulkner said. Content warnings were applied stressing to audiences that the footage was graphic in nature.

Five decades ago, Jim Ziglar witnessed the landmark Roe v. Wade decision take shape inside the Supreme Court chambers. Jim Ziglar, center left, clerked for Justice Harry Blackmun, center right, in 1972-1973, the session in which Blackmun wrote the landmark majority decision for Roe v. Wade. Blackmun, Frampton said, "really wanted to become an expert in the history of abortion and the history of abortion law." The Supreme Court clerks who served in the 1972-1973 session, in which the Roe v. Wade decision was handed down. Richard Hoffman and Rhesa Barksdale worked as clerks for Supreme Court Justice Byron White in the 1972-1973 session, in which White wrote the dissenting opinion in the landmark Roe v. Wade decision.

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