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☆ A City Tries to Measure the Violence It’s Preventing
▼ + stars: | 2024-04-22 | by ( Mark Obbie | ) www.nytimes.com time to read: +31 min

Headway A City Tries to Measure the Violence It’s Preventing In Baton Rouge, a public safety experiment could help to answer a critical question: Do community efforts to reduce street violence work? Like Ms. Robinson, Ms. Tate-Alexander, 48, raised her family in Baton Rouge. Baton Rouge became the first city outside New Jersey to be tutored in the Newark method. Calming the urge to retaliateBy June 2021, when Ms. Tate-Alexander started assembling the street team, Ms. Robinson joined up. At first, Ms. Robinson and Ms. Tate-Alexander seemed wary when I asked about him.

Persons: Angel Hawkins, Liz Robinson, Sateria Tate, Alexander, Tamikka, Liz, Louis Robinson’s, Louis Jr, Robinson, “, ‘, ’ ”, Louis, Louis BadAzz, —, Louis Robinson Jr, ’, Murphy Paul, Paul, Sharon Weston Broome, Alton Sterling, ”, Karan Deep Singh, Kathleen Flynn, Biden, Nina Revoyr, Ms, Tate, Aqeela Sherrills, Sherrills, Terrell, Mr, Aqeela, Courtney Scott, . Tate, ” Ms, Gerald Haynes, Haynes, hotheads, Khoury Brown, Geaux, he’s, Geaux Yella, Darius Crockett, Crockett, Kayla Atkins, Markel, Atkins, ” Mr, “ I’m, “ I’ll, ” Markel, Atkins’s, Gary Slutkin, Jeffrey A, Butts, John Jay, Dr, Scott, “ We’re, It’s, They’ll, that’s, interventionists, Stacy Adams fedora, George Floyd, Weeks, brutalized, Paul’s, Thomas S, Morse, Dy’Lan Fillmore, Mitchell, Fillmore, Robinson’s Organizations: The New York Times, Army, Louisiana State Police, Police, Baton Rouge Police Department, Centers for Disease Control, National Institute for Criminal, Ballmer Group, Baton, Bloods, Biden White House, Markel, Research, John, John Jay College of Criminal, Statistics, University of California, Newark, Metropolitan, Murphy Paul Rally, Mr Locations: Baton Rouge, La, Iraq, Afghanistan, Black, United States, —, Federal, Newark, N.J, Watts, Los Angeles, New Jersey, Chicago, Baton

☆ Elon Musk may be done with Delaware, but don't expect other corporations to follow his crusade
▼ + stars: | 2024-02-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Elon Musk has had it with Delaware — but don't expect other corporations to flee the business-friendly state, too. Musk also specifically went after the judge who ruled to void his pay package, Kathleen McCormick, calling her an "activist and politician" in an X post. "The reason Elon Musk frequently escapes account from other judges is because they don't see through his phantabulating," Lauren Pringle, editor of the Chancery Daily, which covers Delaware courts, told the outlet. Advertisement"I don't expect a mass migration of firms from Delaware," Michal Barzuza, a professor at the University of Virginia who researches corporate law and governance, told the Post. So, despite Musk's latest crusade against the state, it seems unlikely many other Delaware-based corporations will jump ship anytime soon.

Persons: Elon Musk, Musk, Lawrence Cunningham, Kathleen McCormick, McCormick, Lauren Pringle, Michal Barzuza, John Coates, Fortune, there's, Coates, Musk's Organizations: SpaceX, Business, Fortune, Markel Group, Constellation Software, Washington Post, Chancery, University of Virginia, Harvard Locations: Delaware, Texas

☆ Berkshire Hathaway once again keeps new stock purchase secret, trims giant Apple stake
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway asked regulators to keep its new stock purchase secret for a second quarter in a row, while the conglomerate trimmed its massive Apple stake slightly in the fourth quarter, according to a new regulatory filing. Berkshire requested that the Securities and Exchange Commission keep the details of one or more of its stock holdings confidential. Many speculated that the secret purchase could be a bank stock as the 10Q filing for the third quarter suggested that Berkshire had purchased "banks, insurance, and finance" stocks for $1.2 billion. Apple, Chevron The Omaha-based conglomerate sold about 10 million Apple shares last quarter, the filing showed. HP, Paramount Berkshire significantly reduced its stake in Paramount , holding about 63.3 million shares at the end of December, or 32% fewer shares than the number in the previous quarter.

Persons: Warren, Berkshire Hathaway, Buffett's, Buffett, homebuilder D.R.Horton, Ted Weschler, Todd Combs Organizations: Berkshire, Securities and Exchange Commission, Chevron, Verizon, Apple, HP, Paramount, Paramount Global, Liberty, Occidental Petroleum Locations: Berkshire, Chevron The Omaha, Paramount Berkshire, New York, Houston

☆ A Crossword Anniversary
▼ + stars: | 2023-11-26 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +1 min

Will Shortz celebrated his 30th anniversary as The Times’s Crossword editor this week. He is one of only four Crossword editors since 1942, when the paper began publishing puzzles as a way to offer relief to readers overwhelmed by war news. To mark Will’s anniversary, I interviewed him by email for today’s newsletter. I’m grateful to crossword devotees who suggested some of today’s questions. But what have been the biggest changes to the puzzle during the past 30 years?

Persons: Will Shortz, ” Lester Markel, Arthur Hays Sulzberger, David Leonhardt, I’ve Locations: Pearl

☆ Tesla launched its own car insurance. These drivers say it's a lemon.
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +20 min

Tesla Insurance, launched in 2019 by the electric-car company, has promised policyholders “vastly better” service than rivals, as Tesla chief Elon Musk put it in April 2022. “What do they have, three people answering phone calls?”Complaints about Tesla Insurance are drawing scrutiny from state regulators and the plaintiffs’ bar. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That fall, Tesla launched InsureMyTesla, a new insurance offering for U.S. Tesla owners, in partnership with Liberty Mutual Insurance Co. Lester F. Aponte, a Los Angeles attorney who signed up for Tesla Insurance in August, described a maddening ordeal to obtain proof of insurance.

Persons: Mark Bova, lurched, “ I’m, ” Bova, policyholders “, Elon Musk, Musk, Bova, he’s, Tesla, ”, Musk’s, Virginia –, Phil Fioresi, Tesla’s adjusters, adjusters, ” Zachary Kirkhorn, ” Kirkhorn, Teslas, InsureMyTesla, it’s, It’s, Chanda Santiago, ” Santiago, Lester F, Aponte, haven't, Understaffed, “, —, Policyholders, Jonathan Garcia, Garcia, adjuster, Scott Sawyer, Sawyer, Lauren Lee Sawyer, ” Sawyer, –, Steve Stecklow, Koh Gui Qing, Norihiko, Mike Scarcella, John Emerson, Brian Thevenot Organizations: Green, U.S . Army Special Forces, Tesla Insurance, Tesla, Reuters, Bureau, Twitter, U.S, SpaceX, Ohio Department of Insurance, California Department of Insurance, Data, AAA, The Auto Club Group, Liberty Mutual Insurance Co, Liberty Mutual, Markel, National Insurance Company, State National, State, Facebook, Better, policyholders, Better Business Bureau Locations: Maryland, That’s, California , Utah , Illinois, Virginia, South San Francisco , California, California, Draper , Utah, Texas, policyholders, InsureMyTesla, U.S, Illinois, Colorado, Ohio, Florida , Georgia, Washington, Santiago, Los Angeles, Draper, North Carolina, Riverside , California

☆ Berkshire sheds General Motors, Procter & Gamble as it builds cash
▼ + stars: | 2023-11-15 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. Berkshire also appeared to have shed what had been a $621 million stake in Celanese (CE.N) , a specialty materials company. The Braves had been split off from Liberty Media , another Berkshire investment, in July. The net sales contributed to Berkshire's record cash stake, which is about the same size as its $156.8 billion stake in iPhone maker Apple (AAPL.O). Neither appears to be a current Berkshire investment.

Persons: Brendan McDermid, Berkshire Hathaway, Warren Buffett, Todd Combs, Ted Weschler, Buffett, Benjamin Moore, Jonathan Stempel, Christian Schmollinger Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Berkshire, General Motors, Procter, Gamble, GM, Amazon, Atlanta Braves Holdings, Major League Baseball, The Battery, Braves, Liberty Media, Chevron, Apple, U.S . Securities, Exchange Commission, IBM, Exxon Mobil, Activision, Microsoft, Globe, Markel, BNSF, Thomson Locations: Berkshire, New York City, U.S, Celanese, Omaha , Nebraska, New York, Lincoln

☆ Berkshire sheds General Motors, Johnson & Johnson, Procter & Gamble as it builds cash
▼ + stars: | 2023-11-15 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Persons: Brendan McDermid, Berkshire Hathaway, Johnson, Warren Buffett, Todd Combs, Ted Weschler, Buffett, Benjamin Moore, Jonathan Stempel, Christian Schmollinger Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Berkshire, General Motors, Procter, Gamble, GM, Atlanta Braves Holdings, Major League Baseball, The Battery, Braves, Liberty Media, Chevron, Apple, U.S . Securities, Exchange Commission, IBM, Exxon Mobil, Activision, Microsoft, Globe, Markel, BNSF, Thomson Locations: Berkshire, New York City, U.S, Celanese, Omaha , Nebraska, New York, Lincoln

She is charged with arranging the 2014 murder of Florida State University law professor Daniel Markel, who was shot in the head inside his Tallahassee garage. Political Cartoons View All 1247 ImagesHer son, Dr. Charlie Adelson, was convicted last week of arranging Markel's shooting through a girlfriend, Katie Magbanua. She employed her ex-husband and his friend, both members of the notorious Latin Kings gang, to murder Markel, 41. Charlie Adelson, 47, faces a mandatory life term when sentenced next month. In the conversation, Adelson told Magbanua that she would need to meet with the extortionist and agree to a one-time payment.

Persons: Donna Adelson, Daniel Markel, Jack Campbell, Adelson, ” Campbell, “, ” Adelson, Charlie Adelson, Katie Magbanua, Markel, Magbanua, Sigfredo Garcia, Luis Rivera, Wendi Adelson, Harvey Adelson, Campbell, Markel's, ”, Garcia, Rivera Organizations: Miami International Airport, Florida State University, Miami, Lexus, FBI, Investigators, Toyota Prius, ” Locations: FORT LAUDERDALE, Fla, South Florida, Dubai, Vietnam, United States, Tallahassee, Leon County, Dade, Markel, Mexican

☆ Florida Dentist Convicted in Murder-for-Hire Plot Against Law Professor
▼ + stars: | 2023-11-06 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

For nearly a decade, the sensational killing of a prominent Florida law professor in 2014 centered on a single, sordid question: Did his ex-wife’s family, motivated by an ugly custody dispute, hire hit men to murder him? On Monday, a jury concluded that it did, and convicted Charles Adelson, the former brother-in-law of the slain professor, Dan Markel, of first-degree murder, conspiracy to commit murder and solicitation of murder. Mr. Adelson closed his eyes, mouthed “No” and put his head down when the verdict was read at the Leon County Courthouse in Tallahassee, Fla. Mr. Markel, 41, a well-known legal scholar at Florida State University, was shot on July 18, 2014, in his home in an upscale Tallahassee neighborhood. The police found him wounded, and he died 14 hours later at a hospital.

Persons: Charles Adelson, Dan Markel, Adelson, Mr, Markel Organizations: Florida State University Locations: Florida, Leon, Tallahassee, Fla

Prosecutors contend Charles Adelson paid to have Dan Markel killed after Adelson's sister, Wendi, lost a bitter custody battle. Adelson said he didn't think Magbanua was orchestrating the extortion and was convinced she was protecting him from the killers. A judge ruled that Wendi Adelson couldn’t move the children from Tallahassee, and Markel refused to move to South Florida. He told Magbanua details of the proposal and the contentious custody battle, and she later told Garcia. It wasn't until three years later when she was on trial that he realized Magbanua was part of the plot, he told Cappleman.

Persons: Charles Adelson, Dan Markel, Wendi, Adelson, Katherine Magbanua, Markel, Georgia Cappleman, Cappleman, ” Cappleman, Magbanua, “, didn't, ” Adelson, Sigfredo Garcia, Garcia, Luis Rivera, Rivera, Wendi Adelson, Wendi Adelson couldn’t, exonerating, “ Nobody, ” Organizations: Florida State University, Magbanua, Prosecutors Locations: TALLAHASSEE, Fla, Florida, Tallahassee, South Florida, Leon

☆ Read the 16-page pitch deck that 'Million Dollar Listing' star Josh Flagg and his cofounders used to raise $1.7 million for their real estate media startup
▼ + stars: | 2023-09-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Celebrity real estate agent Josh Flagg, media exec Griff O'Brien, and investor Andrew Shanfeld have teamed up to launch Estate Media, a personality-driven media company. Real estate has become a huge pop culture topic, aided by reality TV series like "Selling Sunset" and the "Million Dollar Listing" franchise. The company will offer content created with a network of real estate personalities who, Estate Media said, reach a collective 25 million followers. While the real estate industry has come down from its pandemic frenzy, O'Brien believes Estate Media can ride ups and downs in the market. Scroll down to see the deck Estate Media used to raise its seed round.

Persons: Josh Flagg, Griff O'Brien, Andrew Shanfeld, O'Brien, Flagg, Shanfeld, Jack Davis, Chip, Joanna Gaines —, There's, Margot Ettedgui, TikToker Aaron Grushow, Robert Rivani, Glennda Baker, Ricky Carruth, Adam Weitsman, Chris Heller, Rich Antoniello, Austin Rief, Devin Emery, Brian Goldsmith, Ricky Van Veen, Justin Killion, Spence Markel Organizations: Estate Media, Entertainment, Crypt, HGTV, Los Angeles, Estate, Ojo Labs, Complex Networks, Austin, Morning, Growth Partners, Powerhouse Capital, CollegeHumor

☆ Former Elliott Investment Management PM Markel to launch new fund - sources
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: 1 min

LONDON, Sept 14 (Reuters) - Former Elliott Investment Management portfolio manager, Leo Markel, will launch a London-based fund Finch Bay Capital in the first quarter of 2024 and expects to raise $500 million by the end of that year, said two sources familiar with the matter. A representative for Finch Bay declined to comment. Markel who will act as the company's CIO, is co-founding the activist fund with former ValueAct portfolio manager, Daniel Urdaneta, the sources said. Reporting by Nell Mackenzie; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

Persons: Leo Markel, Markel, Daniel Urdaneta, Nell Mackenzie, Dhara Organizations: Elliott Investment Management, Thomson Locations: London, Finch

☆ This company models itself after Warren Buffett's Berkshire Hathaway. Analysts say it can beat the market too
▼ + stars: | 2023-05-21 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Founded in 1930 and with a market value today of $18 billion, Markel is first and foremost a specialty insurance company focused on niche markets like livestock and dude ranches. Some Wall Street analysts have praised Markel's recent performance against both peers and the broader market. Markel has returned 16.1% annually over the past three years while the S & P 500 has returned 12.4%, according to FactSet. "Given the favorable insurance market conditions in many of MKL's product lines, we believe the company's P/B multiple may expand if it can maintain solid profitability." Markel also has its appeal to Berkshire, which took a $600 million stake in Markel in early 2022.

☆ 3 reasons why regional US banks are in good shape after several failures, and why the stocks could be real bargains, according to a 30-year analyst and portfolio manager who's betting on 5 now
▼ + stars: | 2023-05-17 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Susan Curry is a former analyst and a portfolio manager covering financial firms for Manulife. Bank stocks have been crushed as investors saw several US financial firms fail. Curry says that most banks are in solid financial condition and their stocks look attractive. A 30-year Wall Street veteran, Curry is a former analyst who runs the firm's Capital Appreciation team, is the lead portfolio manager of its Financial Industries strategy, and a portfolio manager of the Bank Opportunities strategy. The leading regional bank positions in the Bank Opportunities Fund that Curry co-manages were M&T Bank, Regions Financial, Citizens Financial, US Bancorp, and KeyCorp.

☆ Brian Sullivan's 'Insider Buying' gives the top executive stock purchases this week
▼ + stars: | 2023-02-24 | by ( Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Sullivan's 'Insider Buying' gives the top executive stock purchases this weekCNBC anchor Brian Sullivan gives exclusive details on the executives who are buying shares of their own company's stock during the last week in February. The top five in value are Markel, Devon Energy, Wintrust Financial, ConocoPhillips, and PayPal.

PayPal CEO Dan Schulman scooped up more than 26,000 shares of his company's stock last week, at a cost of nearly $2 million, according to VerityData and securities filings. Prior to that, Schulman had been a consistent seller of PayPal stock, according to VerityData. PayPal : $1.99 million buy from CEO Dan Schulman on Feb. 17. ConocoPhillips : $0.63 million buy from director Al Walker on Feb. 17 Wintrust Financial : $0.61 million buy from director Brian Kenney on Feb. 16 Devon Energy : $0.53 million buy from CEO Richard Muncrief on Feb. 17. Markel : $0.53 million buy from director Greta Harris on Feb. 17.

☆ These were Warren Buffett's 10 best performing stocks held by Berkshire Hathaway in 2022
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway wasn't immune from the 20% stock market sell-off in 2022. These were Buffett's 10 best performing stocks owned by Berkshire Hathaway in 2022. The worst performing stocks owned by Berkshire Hathaway in 2022 included Nu Holdings and Snowflake, which both sank 57%. These were the 10 best performing stocks owned by Berkshire Hathaway in 2022. The list also includes a Berkshire holding value as of September 30, and is according to data from Whale Wisdom.

☆ Climate Change Forces French Vineyards to Alter the Way They Make Wine
▼ + stars: | 2022-09-25 | by ( Nick Kostov | Photographs Markel Redondo For The Wall Street Journal | ) www.wsj.com time to read: 1 min

BORDEAUX, France—The wildfire began on an usually dry summer day in a forest bordering the Liber Pater vineyard. Winemaker Loïc Pasquet saw the flames rise and spread toward his precious vines, which produce Bordeaux that sells for $30,000 a bottle. Hours before evacuating Mr. Pasquet and his staff destroyed the grass around the vineyard to prevent it from catching fire and dug trenches to block the blaze’s path. He also sprayed local trees with water drawn from the vineyard’s ponds. The vineyard was spared.

☆ In a political first, two gay candidates face off in congressional election
▼ + stars: | 2022-09-22 | by ( Julie Moreau | ) www.nbcnews.com time to read: +10 min

A historic number of LGBTQ candidates will appear on ballots across the country in November. It is one of 16 competitive races in which LGBTQ candidates appear, and which may decide control of the U.S. House, according to the LGBTQ Victory Fund. 'It was going to happen sooner of later'The odds of a faceoff between two gay candidates have gone up in recent years, because there’s been an increase in LGBTQ candidates at all levels of government. Santos is the only openly LGBTQ Republican running for Congress this fall, according to the LGBTQ Victory Fund. “The issue is not that both of us are gay,” Zimmerman said.

Prima ar urma să fie organizată la Teleradio Moldova, unde potrivit rapoartelor este favorizat puternic Igor Dodon. Încă nu e clar dacă Maia Sandu a fost destul de tentată de această perspectivă a dezbaterilor echitabile încât să accepte acest „deal” foarte foarte bun. Diaspora ar fi fost adusă organizat la alegerile prezidențiale din primul tur, potrivit lui Igor Dodon. Domnul Dodon a zis că nu face coaliție cu Partidul Șor, dar încă nu a zis nimic despre Pentru Moldova. Sunt sigur că ați văzut clipurile de pe Tik-Tok ale Maiei Sandu sau poate că Igor Dodon a postat ceva alături de soție?

Persons: ., Igor Dodon, Andrei Năstase, Octavian, Dorin Chirtoacă, Tudor Deliu, Maia Sandu, Sandu, El, Maia Sandu . Dodon, Renato Usatîi, Eugeniu Nichiforciuc, Vladimir Andronache, Alexandru, Domnul Dodon, Ilan Șor Organizations: Teleradio, Partidului Locations: Moldova, Republica Moldova, Bălți, Teleradio Moldova, ASEM, Diaspora, diaspora, Orhei

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