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☆ Michael C. Jensen, Who Helped Reshape Modern Capitalism, Dies at 84
▼ + stars: | 2024-04-26 | by ( Michael S. Rosenwald | ) www.nytimes.com time to read: +1 min

Michael C. Jensen, an economist and Harvard Business School professor whose evangelizing for stock options, golden parachutes and leveraged buyouts helped to reshape modern capitalism and empower Wall Street’s greed-is-good era, died on April 4 at his home in Sarasota, Fla. The death was confirmed by his daughter Natalie Jensen-Noll. “Mike was a kind of born proselytizer,” Eugene F. Fama, a University of Chicago professor and Nobel laureate in economics who collaborated with Professor Jensen, said in an interview. “He was very sure of himself in terms of his ideas being correct and, you know, pathbreaking.”They were also incendiary. In his book “The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite” (2017), the journalist Duff McDonald called Professor Jensen an “instrument of intellectual violence” who “created a Frankenstein that no one knows how to kill.”

Persons: Michael C, Jensen, Natalie Jensen, Noll, Werner Erhard, Jensen’s, Mike, proselytizer, ” Eugene F, Fama, Professor Jensen, “, ”, Duff McDonald Organizations: Harvard Business School, University of Chicago Locations: Sarasota , Fla

☆ An earthquake destroyed their California home days before Christmas. They still have to pay the mortgage
▼ + stars: | 2023-07-02 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

A 6.4 magnitude earthquake had just struck Rio Dell, California, upending homes and lives for the community of 3,400 people near Oregon. “It’s a gamble to not have it,” Rio Dell City Manager Kyle Knopp said. A whopping 90% of homes in California aren’t covered by earthquake insurance, according to Glenn Pomeroy, CEO of the California Earthquake Authority, a nonprofit quake insurer established by the state. Gavin Newsom proclaimed an emergency for Humboldt County, where Rio Dell is located, in part to help local governments access services. Despite seeing how costly earthquake damage can be, she doubts she’ll buy earthquake insurance for her next home.

Persons: CNN —, Jacqui McIntosh, Rio, McIntosh, ”, unlivable, “ It’s, Fred Greaves, “, Kyle Knopp, Glenn Pomeroy, ” Brian Ferguson, Knopp, ” Knopp, Randy Jensen, ” Jensen, Jensen, Jane Tyska, ” Pomeroy, that’s, Pomeroy, Gavin Newsom, Michelle Bushnell, Bushnell, it’s, Keith Porter, Kent Porter, Bolt, Porter, ” Porter, ‘, Alyssa Jorgensen, Jorgensen, didn’t, ” McIntosh Organizations: CNN, Dell, California Earthquake Authority, California Governor’s, Emergency Services, Mendocino Triple Junction, FEMA, Rio Dell, Reuters, Rio Dell Water, Media, East Bay Times, San, Small Business Administration, Institute, The Press Democrat, Mitigation, retrofits, Earthquake, California Earthquake Locations: Rio Dell , California, Oregon, Rio Dell, California, It’s, Mendocino, Cape Mendocino, Northern California, Montecito, Beverly Hills, Malibu, Rio, Humboldt County

☆ A drug company abandoned a treatment for ‘bubble boy disease.’ After a 5-year fight, this little girl is about to get it
▼ + stars: | 2023-04-27 | by ( Elizabeth Cohen Lauren Mascarenhas | Elizabeth Cohen | Lauren Mascarenhas | ) edition.cnn.com time to read: +29 min

The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.

WASHINGTON — A QAnon believer who chased U.S. Capitol Police Officer Eugene Goodman on Jan. 6, 2021, and apparently believed he was storming the White House will be sentenced Friday after he was convicted in September. He was one of the first 10 rioters to enter the Capitol during the insurrection. On Jan. 6, Jensen recorded videos from the base of the Capitol, where he proclaimed, inaccurately, that he was at the White House. “Storm the White House! If not for the "quick thinking" of Goodman, rioters would have been carried out of the building, he continued.

☆ Fact Check-Election graphs published by Mike Lindell do not indicate U.S. voter fraud
▼ + stars: | 2022-11-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

A series of graphs published by My Pillow CEO Mike Lindell on his social media channels and livestreams appearing to show real-time U.S. midterm election updates do not indicate or prove fraud, experts told Reuters. Lindell published four graphs on his Instagram account purporting to show real-time vote counts during the elections. But such ‘spikes’ seen in graphs using unofficial election data do not indicate or provide proof of fraud, with races rarely officially called on election night (here). The four graphs appearing to show real-time midterm election data do not point to fraud or nefarious activity. Visualizing unofficial vote counts in real-time where the incoming data may be non-uniform in distribution can lead to apparent “spikes” in graphs, experts told Reuters.

WASHINGTON — A federal jury on Friday convicted a QAnon believer who chased down U.S. Capitol Police Officer Eugene Goodman on Jan. 6, 2021, finding the defendant guilty on all charges against him. On Jan. 6, Jensen filmed videos from the base of the Capitol building, where he proclaimed — inaccurately, but with tremendous confidence — that he was at the White House. “Storm the White House! Goodman, the USCP officer who testified at Jensen's trial, had “no back-up” when he faced off with rioters, Mirell said. More than 850 people have been arrested and more than 350 convicted in connection with the Capitol attack.

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