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☆ Think Bhutan’s $100 daily tourism fee is pricey? It could go even higher, says prime minister
▼ + stars: | 2024-05-21 | by ( Monica Pitrelli | Penny Sadler | ) www.cnbc.com time to read: +2 min

Bhutan may reconsider its controversial $100 daily tourism fees if the country's tourism industry recovers soon, Bhutan's Prime Minister Tshering Tobgay told CNBC on May 10. Bhutan reopened its borders in September 2022 with an increased "Sustainable Development Fee" of $200 per person per day in place. Indian travelers pay a reduced fee of 1,200 Bhutanese ngultrum ($14.50) per night, and daytrippers from India are exempt from the fee, according to Bhutan's Department of Immigration. The rate often included hotel, transportation and tour guide costs, and the mandatory $65 Sustainable Development Fee. Now, those costs are in addition to the $100 Sustainable Development Fee.

Persons: Tshering Tobgay, Tobgay, Tobgay's Organizations: Bhutan's, CNBC, Bhutan's Department of Immigration, Tourism, of Bhutan, Tobgay's People's Democratic Party . Locations: Bhutan, Asia, India, daytrippers

☆ No walk-ins allowed: What to know when touring the world’s best wine regions
▼ + stars: | 2024-05-17 | by ( Penny Sadler | Erica Lamberg | ) www.cnbc.com time to read: +6 min

Wine touring in the Old WorldFrance Of France's 11 wine regions, Bordeaux, Burgundy (or Bourgogne) and Champagne are the most eminent. The United States California is renowned for wine tasting, though almost every state in the continental U.S. has a wine region or wine tourism area. Visitors can drive between vineyards, bike the Napa Valley Wine Trail, or book a ride on the vintage Napa Valley Wine Train. Barossa is one of the older wine regions in Australia, with some 200 cellar doors within two hours of Adelaide. South Africa South Africa may be considered a new world wine region, but Constantia, a top destination for wine tasting, is centuries old.

Persons: meunier, Chateau Angelus, Viniv Bordeaux, Georges Gobet, Montagne, Kim Kulish, Margaret River, Wine, Joey Estate, River, Groot Organizations: Michelin, Viniv, Afp, Getty, UNESCO, Heritage, Montagne de Reims, Travelers, United, Wine, Sonoma, Australia Wine, Bloomberg Locations: Europe, United States, Australia, South Africa, Bordeaux, Burgundy, Bourgogne, Vin, Chateau, Saint Emilion, France, Champagne, Italy Tuscany, Italy, Tuscany, Chianti, Greve, Alba, Piedmont, United States California, Napa Valley, Napa, Texas, Washington , Oregon, Virginia, New York, Yarra, Victoria, Barossa, Adelaide, Perth, Yarra Valley, Melbourne, South Africa South Africa, Constantia, Groot Constantia, South, Cape Town

☆ Multi-strategy hedge funds in Hong Kong and Singapore are booming. Here's why they're tapping the Middle East to get to the next level.
▼ + stars: | 2024-04-09 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

To Danny Yong, the Middle East is still Asia. In particular, multi-strategy hedge funds, the industry subset that large allocators are desperate for thanks to their uncorrelated and consistent returns, are growing in markets like Hong Kong and Singapore. Houston-based Pan Capital is planning to hire macro PMs in Hong Kong this year. These people-heavy firms need plenty of talent to make it all work, and the relatively small size of the Singapore market, coupled with political uncertainty in Hong Kong, puts a strain on the entire system. "Managers follow allocator trends, and the Middle East has been actively allocating while other regions have slowed their deployment.

Persons: Danny Yong, firm's, Yong, there's, Kurt Baker, Jonathan Xiong, Bobby Jain, Amir Ravan, Arun Singhal, Alan Howard, Simon Sadler, Dymon, Samantha Rosenstock, Craig Thorburn, It's, Joe Cheung, —, Cheung Organizations: Business, Dymon, UAE, Millennium, Bloomberg, Pan, Segantii Capital Management, Blackpool Football Club, Man, Hong Kong Monetary Authority, Citadel Locations: Asia, Japan, Hong Kong, Singapore, Dubai, Dymon Asia, Houston, Point72, Tokyo, Sidney, Abu Dhabi, United Kingdom, London, Miami, New York, China

☆ Will the total solar eclipse disrupt your cell service?
▼ + stars: | 2024-04-06 | by ( John Towfighi | ) edition.cnn.com time to read: +8 min

CNN —As darkness envelops millions of people during Monday’s total solar eclipse, spectators will hold their cellphones skyward to capture the moment. A family looks through a pair of giant solar eclipse glasses at Veterans Memorial Park in Dripping Springs, Texas, on April 4, 2024. When the last total solar eclipse cut a path across America in 2017, AT&T reported network usage spikes up to 15% around certain cell towers in the path of totality. People view the solar eclipse at 'Top of the Rock' observatory at Rockefeller Center, August 21, 2017 in New York City. “A total eclipse of the sun is unlike any other experience that a human being can have.

Persons: Adam Davis, Shutterstock, ”, Caty Pilachowski, ” Pilachowski, Drew Angerer, Chris Serico, Serico, ” Serico, it’s, ” Verizon’s Serico, Heather Groll, ” Groll, Michelle Eng, Pichnaieu Chung, Anthony Behar, Lisa Winter, Winter, Rick Dietz, Aaron Sadler, Pilachowski, “ Organizations: CNN, Veterans Memorial, Indiana University , Bloomington, Bloomington, Rockefeller Center, Verizon, 5G, New York State Division of Homeland Security, Emergency Services, “, New, MTA, Hall, AP, NASA, Technology Services Department Locations: Texas, Maine, Springs, Texas , Oklahoma , Arkansas , Missouri , Tennessee , Illinois , Kentucky , Indiana , Ohio, Michigan, Pennsylvania, New York , Vermont , New Hampshire , Maine, Mexico, Canada, America, New York City, Niagara, Erie, New York, Northeast Ohio, Dallas, United States, Buffalo , NY, Rochester , NY, Hall , New York, NY, Rock , Arkansas, Little

A trio of lawsuits filed in state court in Las Vegas seek unspecified damages from TikTok, Snapchat and Meta Platforms, the owner of Instagram, Facebook and Messenger, on claims including deceptive trade practices and negligence. The lawsuits were filed just ahead of testimony in Congress on Wednesday by top executives of Meta, TikTok, Snap Inc. and other platforms. John Sadler, a spokesperson for Ford, declined to say whether the Nevada lawsuits were timed to coincide with the congressional hearing. But Sadler acknowledged the decision to file the cases in state court instead of joining other states in federal court follows a path the state took in opioid damages claims. “Social media platforms are a bottomless pit where users can spend an infinite amount of their time,” Nevada said in the Snapchat complaint.

Persons: Aaron Ford, Michael Hughes, “, Ashley Adams, ”, Meta, Mark Zuckerberg, Republican Sen, Josh Hawley's, ” Zuckerberg, John Sadler, Sadler, Snapchat, Mike Brooks Organizations: LAS VEGAS, —, Facebook, Meta, Inc, Republican, Ford, Democrat, Little, “ Locations: Las Vegas, TikTok, Nevada, California, Las Vegas , Dallas, Little Rock , Arkansas, ” Nevada

☆ Anne Edwards, Best-Selling ‘Queen of Biography,’ Dies at 96
▼ + stars: | 2024-01-31 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Anne Edwards, a prodigious and peripatetic author who published best-selling books about the actresses Vivien Leigh and Katharine Hepburn as well as 14 other celebrity biographies, eight novels, three children’s books, two memoirs and one autobiography, died on Jan. 20 in Beverly Hills, Calif. She was 96. Her daughter, Catherine Edwards Sadler, said she died of lung cancer at a senior living facility. A child performer on radio and the stage, Ms. Edwards sold her first screenplay in 1949, when she was 22 (the movie “Quantez,” a western starring Fred MacMurray, was released in 1957); her first novel (the mystery “The Survivors”) in 1968; and her first biography (of Judy Garland) in 1975. Her “Vivien Leigh: A Biography” (1977) spent 19 weeks on The New York Times’s hardcover best-seller list. Reviewing that book for The Times, Richard R. Lingeman wrote that Ms. Edwards “has, with tact, sympathy and intelligence, given us an admirable portrait of Vivien Leigh that is a portrait of an admirable lady.”

Persons: Anne Edwards, Vivien Leigh, Katharine Hepburn, Catherine Edwards Sadler, Edwards, Fred MacMurray, Judy Garland, Richard R, Lingeman, Edwards “, ” Organizations: York, The Times Locations: Beverly Hills, Calif, ”

☆ TikTok's Lunden and Olivia Stallings are straight people's favorite lesbian couple. What do they owe queer fans?
▼ + stars: | 2024-01-25 | by ( Kate Taylor | ) www.businessinsider.com time to read: +29 min

Lunden and Olivia told me their mission as influencers was to "represent and inspire others to be their authentic self." Advertisement"I did feel represented by them," Asia said, but the tweets "showed me that they are still white women." "We are especially confident in our sexuality and the way that we feel and who we are," Olivia told me. Lunden and Olivia told me they want to advocate for all LGBTQ+ people, including those who don't look like them. It's a chance, the couple told me, to combat the hate and negativity LGBTQ+ parents face.

Persons: Lunden Stallings, Olivia Bennett, Monique Lhuillier, Lunden, Taylor Swift, Stallings, David Yurman, preppy, Olivia, TikTok, Kendrick Brinson, who's, you've, Madison Mathews, sunnies, peck, they'd, Brooklynites, Remington, Zeta Tau, Olivia DMed Lunden —, Justin Bieber, snapbacks, haven't, Lunden's, Ellie Goulding's, Olivia couldn't, Caroline Bayne, Lunden's TikTok, Zara, Mercedes, Sophie, It's, Jackie J, Jackie, There's, Bud Light, Dylan Mulvaney, influencers, They've, KenzKustomz, Krysten Stein, Black influencers, Stein, Hill, millennials Organizations: Naylor, People, Business, Alabama, Chevrolet, New York Post, Daily Mail, Madison, University of Central, Jacksonville State University, Zeta Tau Alpha, University of Alabama's, University, Minnesota, BI, Braves, Rover, Pride, Nielsen, Saks, University of Illinois Locations: Roswell , Georgia, Asia, Olivia, Charleston, LoveShackFancy, Powder Springs , Georgia, Atlanta, Blytheville , Arkansas, University of Central Arkansas, Alabama, Roswell, Austin, RushTok, Alpharetta, Charleston , South Carolina, Southern, Publix, Fayetteville , Arkansas, University of Illinois Chicago

☆ EV Battery Plant Rides Bumpy Road in This Michigan Town
▼ + stars: | 2023-12-02 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

Marshall, Mich., a city of 6,700 people, boasts well-preserved historic storefronts and museums. Photo: BEN KLAYMAN/REUTERSMARSHALL, Mich.—Rick Sadler doesn’t like it when he looks across the North Branch of the Kalamazoo River and sees light towers and construction equipment on the site of a planned electric vehicle battery plant next to this small, south-central Michigan city. “We can hear them working six days a week, 6 in the morning sometimes,” said Sadler, who lives in a subdivision near the river and is among local residents who oppose the plant.

Persons: Marshall, BEN KLAYMAN, REUTERS MARSHALL, — Rick Sadler doesn’t, ”, Sadler Organizations: REUTERS, Branch Locations: Mich, Kalamazoo, Michigan

☆ Music composed at Auschwitz to be played for first time after being restored
▼ + stars: | 2023-11-24 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +6 min

CNN —Fragments of musical scores discovered at Auschwitz will be played for the first time next week after being painstakingly restored by a composer. He’s carried out extensive research into testimonies from Auschwitz and the history of music at the camps. Her grandson Simon Wallfisch, a baritone, will be performing the restored music from Auschwitz with Geyer and his orchestra. Four of the restored pieces will be performed by Constella Music, Geyer’s creative powerhouse whose work spans opera, dance, film and concert music, at Sadler’s Wells. “Orchestras of Auschwitz” will be performed as part of a concert to celebrate Constella Music’s tenth anniversary.

Persons: Leo Geyer, Geyer, Martin Gilbert, “, ”, Leo Geyer Geyer, He’s, Anita Lasker, Wallfisch, Jim Watson, Simon Wallfisch, Lasker, ” Anita Lasker, Leo Geyer ‘, ” Geyer, Leo Geyer “, Constella Organizations: CNN, Nazi, Auschwitz, Oxford University, SS, Getty, Trust, Constella, “ Locations: Auschwitz, British, Poland, Berlin, London, AFP, Britain, Sadler’s Wells

☆ Virginia elections: Youngkin looks to prove that non-MAGA politics can be a winning Republican strategy
▼ + stars: | 2023-11-07 | by ( Jake Tapper | Arit John | ) edition.cnn.com time to read: +10 min

Glenn Youngkin isn’t on the ballot this year, but his push for a new conservative direction for the Republican Party is. The discipline extended beyond the 10 candidates Youngkin endorsed in competitive primaries, so as to keep distractions at bay. Virginia Democrats, who would normally use such a post to put the entire GOP in an awkward position, did not apparently even notice. Still, there isn’t a lot of evidence that the Virginia Democratic Party sees Youngkin as any sort of liability for the GOP — he isn’t featured negatively in any of their ads, for example. “What we have found out over the last two years is that that vest-wearing, affable, basketball playing dad is really a MAGA Extremist,” said Virginia Democratic Party Chair Susan Swecker.

Persons: Glenn Youngkin isn’t, MAGA, He’s, Youngkin –, aren’t, that’s, Donald Trump, ”, “, Youngkin, “ I’ve, Joe Biden, ” Youngkin, ABC’s George Stephanopoulos, Youngkin’s, Mark J, Rozell, Roe, Wade, ” Rozell, Taylor Keeney, Bob McDonnell, Thomas Peterffy, Sen, Siobhan Dunnavant, Dunnavant, Del, Tara Durant, Matt Strickland, Emily Brewer, Hermie Sadler, Durant, Juan Pablo Segura, Jason Ballard, John McGuire, Bryce Reeves, Bill Woolf, Buddy Fowler, John, Lee Peters, Mike Dillender, McGuire, Reeves, Ballard, Daniel Squadron, Tim Kaine, Mark Warner, he’s, Susan Swecker Organizations: CNN, Virginia Gov, Republican Party, Democratic, Democrat, Republican, GOP, Privately, Trump, Commonwealth, Virginia Democrats, Schar School of Policy, Government, George Mason University . Virginia, Republican Gov, PAC, OB, Covid, NASCAR, Heritage Festival, Heritage Indian, The States, States Project, Democratic National Committee, Democrats, Republicans, Virginia Democratic Party, Virginia Democratic Locations: Virginia, Fredericksburg, “, Richmond, Chantilly, Sens

☆ Native American populations are ‘invisible’ to banks. That needs to change
▼ + stars: | 2023-10-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +13 min

Before the Bell: What do investors need to know about investing in Native American and Alaskan Native communities? Dawson Her Many Horses: Native American and Alaskan Native communities are more than an ethnic group or racial category. The National League Gaming Commission, which is the regulator for Native American casinos, publishes a yearly report on gross gaming revenues for casinos. When you look at some of the research that gets done, Native American and Alaskan Native households are almost always the most underbanked. People like to focus on what I call the ‘poverty porn’ aspects of Native American and Alaskan Native communities.

Persons: Dawson, “, “ I’ve, ”, Bell, Banks, Wells, That’s, we’ve, Wells Fargo, they’re, Danielle Wiener, Bronner, Kit Kat, ” Hershey, Michele Buck, It’s, Dan Sadler, Covid shutdowns Organizations: CNN Business, Bell, New York CNN, CNN, Wells, Rosebud Sioux, The National League Gaming Commission, Bank of America, Federal, American Finance, Silicon Valley Bank, Hershey, Consumers, Dow, Federal Reserve, Apple Locations: New York, Rosebud, South Dakota, Wells Fargo, United States, Federal Government, Silicon, New York City, Alaska, Oklahoma, confections

☆ For the second Halloween in a row, U.S. candy inflation hits double digits
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +3 min

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That's on top of a 14% increase in candy and gum prices in October 2022. "The price of candy has gotten to be outrageous," said Jessica Weathers, a small business owner in Shiloh, Illinois. Weathers said she usually buys plenty of candy for trick-or-treaters and events at school and church. Meanwhile, global sugar prices are at 12-year highs, Goughary said.

Persons: Jessica Weathers, Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Hershey Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

For the second year in a row, U.S. shoppers are seeing double-digit inflation in the candy aisle. That’s on top of a 14% increase in candy and gum prices in October 2022. “The price of candy has gotten to be outrageous,” said Jessica Weathers, a small business owner in Shiloh, Illinois. Meanwhile, global sugar prices are at 12-year highs, Goughary said. Buck said Hershey is trying to meet consumers’ needs with offerings in value stores and pack sizes at various price points.

Persons: ”, Jessica Weathers, ” Weathers, Dan Sadler, Kelly Goughary, Goughary, —, Michele Buck, Buck, Hershey Organizations: Gro Intelligence, Aldi, Mars Inc, Hershey Co Locations: Shiloh , Illinois, West Africa, El, Ivory, India, Brazil

Last year, that amounted to $75 million of $88.5 million in candy corn sales, according to the consumer research firm Circana. Political Cartoons View All 1215 ImagesWhen compared to top chocolate sellers and other popular confections, candy corn is niche. Several years later, the Goelitz Confectionery Co., now Jelly Belly, began to produce candy corn, calling it Chicken Feed. Candy corn is basically sugar, corn syrup, confectioner’s glaze, salt, gelatin, honey and dyes, among some other things. She equates candy corn with childhood memories of having to visit her pediatrician, who kept a bowl on hand.

Persons: Shannon Fiedler gushed, Paul Zarcone, Brach's churns, ombre, Rice Krispie, Kellogg's, Michelle Williams, Brach's, “, ”, Katie Duffy, Ferrara Candy, George Renninger, “ Brach's, “ It's, I've, Richard Hartel, Hartel's, it’s, Candy, Margie Sung, She's, Duffy, Don't, Sung, ” Aaron Sadler, doesn't, can’t, Sadler, ” Sadler chuckled ., he'll, Sandler, Lisa Marsh, Diana Peacock, Jennifer Walker, Walker, Marie, Abby Obenchain, Obenchain Organizations: Vans, Nike, Ferrara, Ferrara Candy Co, University of Wisconsin -, Ontario, Washington , D.C Locations: Huntington , New York, Ferrara, Philadelphia, University of Wisconsin - Madison, New York, Little Rock , Arkansas, Junction , Colorado, Ontario, Canada, Sault Ste, Savannah Woolston, Washington ,

☆ U.S. revives Cold War submarine spy program to counter China
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +21 min

The original network of fixed spy cables, which lie in secret locations on the ocean floor, was designed to spy on Soviet submarines seven decades ago, the three people said. China, meanwhile, is working on its own maritime spy program, known as the Great Underwater Wall, two U.S. Navy sources told Reuters. Sense of urgencyAmerica’s underwater espionage program was launched in the 1950s with a submarine detection system known as the Sound Surveillance System. The U.S. Navy’s Undersea Surveillance System The United States is expanding and upgrading its anti-submarine surveillance capabilities as tensions rise with China. Japan also operates a fleet of three ocean surveillance ships, fitted with U.S. SURTASS cables, the two U.S. Navy sources said.

Persons: Captain Stephany Moore, Richard Seif, Moore, Seif, ”, Tim Hawkins, Mariana Trench, Brent Sadler, We're, Sadler, ” Jon Nelson, Phillip Sawyer, Sawyer, United States –, SOSUS, SubCom, Stephen Askins, Lockheed Martin, Chuck Fralick, Leidos, ” Fralick, Hawkins, Richard Jenkins, Saildrone, Joe Brock, Mohammad Kawoosa, Simon Scarr, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: U.S . Navy, Navy, Undersea Surveillance Command, Undersea Surveillance, United, Submarine Force U.S . Pacific Fleet, Reuters, U.S . 5th Fleet, U.S, Pacific, China Academy of Sciences, China’s Ministry of Defense, Foreign, China Naval, U.S . Naval Forces Korea, The Heritage Foundation, Department of Defense, Naval Air Station Whidbey, Processing, Undersea, Undersea Warfare, Naval Postgraduate School, Taiwan, Ships, Titan, Navy’s, CS, U.S . Department of Defense, Lockheed, U.S . State Department, An Australian Defense, Self, Defense Force, Leidos Locations: Seattle, U.S, Whidbey, China, Taiwan, Beijing, United States, Australia, Pacific, South China, Mariana, Yap, Federated States, Micronesia, Guam, Russian, Ukraine, Washington . U.S, Washington, Soviet Union, Washington State, Virginia Beach , Virginia, Monterey , California, Japan, India, States, London, Taiwan Strait, Virginia, San Francisco

REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ Robert Gottlieb Didn’t Just Shape Manuscripts. He Shaped Dance, Too.
▼ + stars: | 2023-06-23 | by ( Alastair Macaulay | ) www.nytimes.com time to read: +1 min

The world of letters has been mourning Robert Gottlieb, who died last week at 92, as a reader and editor of qualities that became legendary. The world of dance has been mourning him as well. He neither performed nor choreographed, but he played a major role, often behind the scenes, in fostering American dance. He ran influential works of dance criticism as editor of The New Yorker, and he later became a dance critic himself for The New York Observer. Perhaps less widely known was the key role he played behind the scenes at New York City Ballet, where he served on the board of directors.

Persons: Robert Gottlieb, Alfred A ., Mikhail Baryshnikov, Arlene Croce, Margot Fonteyn, Lincoln Kirstein, Natalia Makarova, Paul Taylor, “, Alfred Knopf, ”, ” Gottlieb —, Bob, —, George Balanchine, Balanchine Organizations: Alfred A . Knopf, Yorker, The New York Observer, New York City Ballet, The, City Center, Ballet Society, City Ballet, Sadler’s, Ballet, Metropolitan Opera House Locations: New

☆ These states might be the next to legalize weed
▼ + stars: | 2023-05-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

The state became the 22nd to legalize recreational marijuana and follows Missouri and Maryland, which did so earlier this year. Some states are even moving ahead with proposals or ballot measures to legalize weed, putting them within arms' reach of having recreational markets. These are the states that have a chance to legalize adult-use marijuana in the coming years. OhioOhio may vote on whether to legalize recreational marijuana in November. Haren said the proposal also plans to build upon Ohio's medical marijuana program and issue additional adult use licenses to new companies.

Feb 27 (Reuters) - Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier's massive Ponzi scheme. Canada's Toronto-Dominion Bank <TD.TO> will pay $1.205 billion, HSBC Holdings Plc (HSBA.L) will pay $40 million and Independent Bank Group Inc (IBTX.O) , formerly Bank of Houston, will pay $100 million. They avert a trial that had been scheduled for Monday in Houston federal court, where TD, HSBC and Independent Bank were the last remaining defendants. Two other defendants, France's Societe Generale SA (SOGN.PA) and Mississippi-based Trustmark Corp (TRMK.O), settled for a respective $157 million and $100 million earlier this year. Independent Bank expects to recognize a $100 million first-quarter expense for its settlement, a regulatory filing shows.

☆ TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
▼ + stars: | 2023-02-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago. The lawsuit claimed TD Bank collected these deposits in US and Canadian dollar values and continuously ignored red flags about the Antigua-based bank over the years. “TD provided primarily correspondent banking services to Stanford International Bank Limited and maintains that it acted properly at all times,” the bank said. Additionally, HSBC will pay $40 million and Independent Bank, formerly Bank of Houston, will pay $100 million, the receivership’s counsel confirmed. Societe Generale reached a settlement of $157 million and Trustmark agreed to pay $100 million earlier this year.

☆ Republicans said they chose Trump's DC hotel out of convenience. They've spent almost nothing there since he sold it.
▼ + stars: | 2023-01-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

GOP officials, politicians and PACS spent millions at Trump International Hotel in DC. Insider corroborated its findings through examining FEC spending records. The Trump International Hotel, housed in DC's famed Old Post Office building, closed its doors in May last year, and reopened as the Waldorf Astoria a couple of weeks later. Workers remove the signage for the Trump International Hotel on Wednesday, May 11, 2022. Since the start of Trump's presidency, GOP figures spent around $2.5 million at the hotel while he owned it, FEC records show.

☆ Arkansas woman is arrested after her 6-year-old son is found dead under the floorboards of their home
▼ + stars: | 2022-12-19 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +1 min

An Arkansas woman and man have been arrested after authorities discovered the potentially months-old dead body of a 6-year-old boy beneath the floorboards of his home on Friday. Officials believe the boy "died from injuries sustained in the home, possibly three months ago," the statement said, adding that the state medical examiner will determine the cause of death. A representative for the state medical examiner could not immediately be reached. Authorities also found Rolland's 6-year-old daughter in the home with what they believe were burns to her scalp. The girl is receiving treatment for her injuries at a hospital in Memphis and is in stable condition, police said.

☆ Arkansas motorcyclist engulfed in 'fireball' after state police shock him with Taser
▼ + stars: | 2022-10-27 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

An Arkansas motorcyclist was engulfed in a "fireball" and is recuperating in the hospital after a state trooper deployed a Taser and it hit a gallon of gasoline in his backpack, authorities said. Christopher Gaylor, 38, was struck by the Taser after setting Arkansas troopers on a police chase after him in the early hours of Oct. 13 in Little Rock, state police said in a news release. A trooper tried to initiate a traffic stop, but Gaylor “refused to comply” and kept on driving, reaching speeds approaching 100 mph and ignoring traffic stop signs and lights along the way, state police said. Arkansas State PoliceGaylor eventually made his way toward Interstate 30 and jumped from the motorcycle at a residence along Chandler Street in North Little Rock and fled on foot with troopers following behind. One trooper then deployed his Taser to stop Gaylor.

☆ Data Centers Face Higher Costs, Weaker Demand for Debt That Fueled Sector’s Rise
▼ + stars: | 2022-10-20 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

The decline in issuance of data-center debt comes as chief financial officers across industries evaluate their funding options amid the Fed’s rate-hike campaign. Within the data-center sector in particular, that calculus for some companies involves assessing whether the timing is right to tap the securitization market despite the higher costs. What’s more, while the data-center sector is much bigger now than it was during the 2007-09 recession, it hasn’t been tested. The securitization market has historically provided Vantage with more money than it has needed to pay down its loans, Mr. Metwalli said. Digital Realty Trust Inc., a publicly traded company in the sector with an investment-grade rating, has avoided the securitization market.

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