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"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."
Persons: , Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida
CNN —Pro-Palestinian encampments were cleared from at least three college campuses early Friday, marking some of the latest examples of schools using law enforcement to respond to demonstrations that have popped up across the country in recent weeks. Police begin dismantling protest encampment at University of Pennsylvania: Police ordered protesters to leave their encampment early Friday morning. Signs and flags are seen at a pro-Palestinian encampment on the lawn of the Stratton Student Center at the Massachusetts Institute of Technology in Cambridge, Massachusetts, on Thursday. Rick Friedman/AFP/Getty ImagesMIT encampment dismantledDemonstrators chanted messages like, “Free Palestine” as police dismantled the pro-Palestinian encampment on the Cambridge, Massachusetts, campus early Friday, video from CNN affiliate WFXT showed. On Thursday, fewer than 10 students were arrested on campus, according to the university.
Persons: United Nations Linda Thomas, Greenfield, Reynold Verret, won’t, Donna Shalala, Rick Friedman, WFXT, Francesca Riccio, Ackerman, Andy Rose Sam Simpson, Rob Frehse, Zenebou Sylla Organizations: CNN — Pro, Massachusetts Institute of Technology, Law, The University of Arizona, . Police, University of Pennsylvania : Police, Daily, Police, ” Police, CNN, WPVI, Xavier University, UN, US, United Nations, Hamas, The New, New York City, Faculty Senate, Stratton Student, Getty, MIT Locations: College, Louisiana, Israel, Stratton, Cambridge , Massachusetts
CNN —Officials using DNA analysis have identified the remains of a 19-year-old Virginian sailor killed in a World War II attack more than 80 years ago, the United States Defense POW/MIA Accounting Agency announced Thursday. David Walker, of Norfolk, Virginia, served as a Mess Attendant 3rd Class while assigned to the battleship USS California. The ship was docked at Pearl Harbor on December 7, 1941, when Japan conducted a surprise military strike on the Hawaii naval base. Multiple torpedoes and bombs hit the vessel, causing it to catch fire and slowly flood, resulting in the deaths of 103 crewmen including Walker, according to a news release from the agency. His remains were identified using anthropological, dental analysis and mitochondrial DNA analysis by the Armed Forces Medical Examiner System, the release states.
Persons: David Walker, Walker, Walker’s, Edna Lee Ward Organizations: CNN, United States Defense POW, Agency, Hawaii, Armed Forces Medical, System, Norcom, School, US Navy, Memorial, of, Pacific, Arlington National Cemetery Locations: Norfolk , Virginia, California, Harbor, Japan, Hawaii, I.C, Portsmouth , Virginia, Pearl
CNN —Several New England universities and colleges have reached a pinnacle of at least $90,000 for undergraduate tuition and costs starting this fall. The nearly six-figure sums reflect the rising cost of higher education, far outstripping the average inflation for other goods and services. Schmeidel said very few Wellesley students pay the total fee, adding nearly 60% of its students receive financial aid and the average financial aid award is $67,469. Riley added 56% of domestic students received some form of aid for this academic year, with the average financial aid package being $67,000, for an average cost of attendance of $16,000. “Because this is an average, some of the students with greatest demonstrated financial need paid $0, and others paid more,” Riley said.
Persons: trumping Wellesley, , Stacey Schmeidel, Schmeidel, ” Schmeidel, Colin Riley, Riley, ” Riley, Jeremiah Quinlan, , Quinlan, Patrick Collins, Collins, ” Collins, CNN’s Allison Morrow Organizations: CNN, Yale University, Tufts University, Boston University, BU, Wellesley College, Tufts, Wellesley, College, Colleges, of Education, Labor, Yale Locations: New England, Boston
Kathy Hochul has apologized for remarks made earlier this week in which she suggested that Israel has the right to destroy Gaza in response to the October 7 attacks by Hamas. “If Canada someday ever attacked Buffalo, I’m sorry my friends, there would be no Canada the next day, right, right?” Hochul said at the UJA Federation of New York lawyers division annual event, referring to her hometown. New York state Assembly member Zohran Mamdani said on social media that Hochul was “justifying genocide, while laughing. Disgusting.”New York City Council member Shahana Hanif said she would not accept Hochul’s apology. Hochul ascended to the New York governor’s office in 2021, becoming the state’s first female governor.
Persons: Kathy Hochul, ” Hochul, Hochul, Hochul’s, @GovKathyHochul, Zohran Mamdani, , Shahana Hanif, , ” Hanif, Andrew Cuomo, CNN’s Kaanita Iyer Organizations: CNN, New York Gov, Democratic, Canada, UJA Federation of New, Jewish Locations: Israel, Gaza, New York City, Hamas, Canada, Buffalo, UJA Federation of New York, , Buffalo NY, . New York, York, New York
Police started investigating Mohn after a man in his 60s was found beheaded and covered in blood Tuesday, CNN affiliate WPVI reported. The suspect was identified as the victim’s son, Middletown Township Police Chief Joseph Bartorilla told CNN. “YouTube has strict policies prohibiting graphic violence and violent extremism,” the company told CNN Wednesday in a statement. “The video was removed for violating our graphic violence policy and Justin Mohn’s channel was terminated in line with our violent extremism policies. “I think the neighborhood can rest easy because I think they were a little uneasy for a while, before they knew where the person of interest was,” he told WPVI overnight.
Persons: Biden, Justin Mohn, , Congress –, Mohn, Joseph Bartorilla, Bartorilla, Justin Mohn’s, , Organizations: CNN, YouTube, Congress, Police, WPVI, Middletown Township Police, National Guard, Pennsylvania State Police Locations: United States, Pennsylvania, America, Middletown Township, Indiantown, Bucks, Bucks County
CNN —A suspect has been arrested in the shooting of three Palestinian college students in Burlington, Vermont, in a case that has garnered national attention amid concerns about rising levels of hate crimes since the Israel-Hamas war erupted. Jason J. Eaton, 48, was arrested Sunday afternoon near the scene of the attack, the Burlington Police Department said in a news release. An attorney for the victims’ families, Abed Ayoub, said he believes the students were targeted, in part, because two of them were wearing keffiyehs – traditional Palestinian scarves. ET, police officers responding to reports of a shooting found two of the victims injured at the scene, police said. Students (from left) Tahseen Ahmad, Kinnan Abdalhamid and Hisham Awartani, took this photo shortly before they were shot, a family representative said.
Persons: Jason J, Eaton, Hisham Awartani, Tahseen Ahmad, Jon Murad, Abed Ayoub, ” Ayoub, Hisham Awartani’s, Marwan Awartani, Kinnan Abdalhamid, Miro Weinberger, ” Weinberger, CNN’s Dianne Gallagher, Joe Sutton, Zenebou Sylla, Eva McKend, Khalil Abdallah, Zoe Sottile, Michelle Watson Organizations: CNN, Burlington Police Department, Authorities, ” Authorities, Police, . Police, Brown University, Haverford College, Trinity College in, Institute for Middle, Hamas, Burlington Police, “ CNN, University of Vermont Medical Center, Institute for Middle East, Burlington, FBI Locations: Burlington , Vermont, Israel, Rhode Island, Pennsylvania, Trinity College in Connecticut, Burlington, Albany , New York
The future of interest rates is more surprises
  + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.
Persons: Claudio Borio, , , Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan
CNN —Hundreds of pro-Palestinan protesters snarled Manhattan traffic and curtailed people’s access to Grand Central Terminal as they demonstrated in New York City on Friday night, in part demanding a ceasefire in the Israel-Hamas war. The demonstrations temporarily closed access to the terminal, one of the city’s largest transportation hubs, the Metropolitan Transportation Authority’s Metro-North Railroad said online Friday night. Video also showed police keeping demonstrators back from The New York Times building on Friday. One night earlier, several protesters occupied the building’s lobby, and some of them were arrested Thursday night, police said. By 10 p.m. Friday, many of the protesters had left the Grand Central Terminal area while police officers remained for security reasons.
Persons: , Israel, Fatih Aktas, Amin Jaludi, ” Jaludi, , Artemis Moshtaghian, Zenebou Sylla, Matt Friedman, Skylar Harris Organizations: CNN, Grand, Palestine, Grand Central, Metropolitan Transportation Authority’s, Railroad, New York Police Department, NYPD, Hamas, Palestinian Ministry of Health, Getty, The New York Times Locations: Manhattan, New York City, Israel, Columbus, Gaza, Ramallah, New York, Anadolu, Palestine, America
John Wessels | Afp | Getty ImagesBEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. "The problem is that the ratings we are making for the African [countries] should be different," Ibrahima Sory Sylla, ambassador for the West African country of Senegal, said Thursday at an event at Peking University. The research claimed every 1% increase in Chinese loans resulted in an increase of 0.176% in African economic growth. Allan Joseph Chintedza, ambassador of Malawi to China, said the report should look also at the repayment period for Chinese loans. The East African country needs to provide a "sustainability letter" from the Chinese government in order to borrow more from the IMF, Chintedza added.
Persons: John Wessels, Sylla, Poor's, Senegal's Sylla, Fitch, Wu Peng, Jang Ping Thia, Thia, Vladimir Putin, Allan Joseph Chintedza, Chintedza Organizations: Afp, Getty, BEIJING —, International Monetary Fund, World Bank, West, Peking University, Fitch, IMF, Bank, United, Loans, Boston, Global, Policy Center, CNBC, Asian Infrastructure Investment Bank, Initiative, Peking University's Institute, New Locations: Senegal's, Dakar, BEIJING, China, Senegal, West Africa, Africa, Beijing, Malawi
Bank of America charted the historical path of interest rates last week. Central banks have lifted borrowing costs away from "5,000-year lows" over the past year, strategists said. AdvertisementAdvertisementJust like the men of TikTok, Bank of America strategists have been thinking a lot about the Roman Empire. For reasons unknown, the bank decided to chart five millennia's worth of interest rates in a recent research note. AdvertisementAdvertisementNeedless to say, investors can probably take the chart with a grain of salt – but the strategists probably aren't being facetious when they say there are gloomy times ahead.
Persons: , Sidney Homer, Richard Sylla's, Michael Hartnett, Hartnett, he's Organizations: of America, Service, Bank of America, Federal, of, Street Locations: TikTok, Roman, Greece
A torn campaign billboard shows ousted Gabon President Ali Bongo Ondimba in Libreville on August 31, 2023. AFP/Getty ImagesPropping up ‘democratic dictators’Whilst the international community has condemned the coup in Gabon, it has not attracted the same vehement criticism that last month’s coup in Niger did. French Prime Minister Elisabeth Borne said France was watching the coup d’etat in Gabon “with the utmost attention.”It presents a challenge to France. Large crowds supporting the coup gathered Sunday near the French military base in Niamey, with demonstrators displaying signs demanding French troops withdraw. “The systems of government that former French colonies have, which were imposed by Paris are no longer fit for purpose.
Persons: Leon, Charles de Gaulle, Gaulle, Bongo, jubilation, General Brice Oligui Nguema –, Bongo’s, Nourredin Bongo Valentin, , Ali Bongo Ondimba, , Oluwole, Elisabeth Borne, Chris Ogunmodede, that’s, Paul Biya, Ogunmodede, ” Ogunmodede, , ” Ojewale, , Ndongo Samba Sylla, Emmanuel Macron, Macron Organizations: CNN, Military, Gabonese, Agence France, Presse, Gabon, Getty, Institute of Security Studies, autocrats, Central African, CFA, Banque de France, , Macron Locations: Gabon, France, Gabon’s, Libreville, AFP, Niger, Gabonese, West, Central Africa, Mali, Senegal, Dakar, , Niamey, Paris, Congo Brazzaville, Equatorial Guinea, Cameroon, Switzerland, Africa, Russia, Commonwealth, Togo, Macron France, Nigeria, “ Africa
CNN —Authorities raced to capture five million bees released yesterday after a truck carrying several crates of hives fell onto a roadway in Ontario, Canada, Halton Regional Police Constable Ryan Anderson told CNN. “Within a couple hours, the majority of the bees were safely back in their hives in their crates, and were safely loaded back on the trailer,” Anderson said. Beekeepers return bees in Burlington, Ontario, on Wednesday, Aug. 30, 2023. Police say the initial beekeeper was stung repeatedly, but there were no serious injuries following the swarm of bees in the area. Anderson said it was a collective effort from residents, officers, and the local beekeepers to clear the roadway and allow everyone to get to their destination safely.
Persons: Halton Regional Police Constable Ryan Anderson, Anderson, ” Anderson, Carlos Osorio, Organizations: CNN —, Halton Regional Police, CNN, Canadian Press, Police Locations: Ontario, Canada, Burlington, Burlington , Ontario, ” Burlington, Toronto, Lake Ontario, Niagara Falls
New York CNN —A New Jersey court ordered Starbucks to pay an additional $2.7 million to a former employee who successfully sued the company for wrongful termination, claiming she was fired for being White. In June, a jury had ruled in favor of Shannon Philips, who worked at Starbucks as regional director over the Philadelphia area. In an order Wednesday, Judge Joel Slomsky said Starbucks has to make the additional payment for damages. Starbucks did not have a comment about the order Wednesday, but said in June that it was disappointed in the decision. In that suit, Phillips said that when Starbucks fired her following the arrest, it was discriminating against her because of her race.
Persons: Shannon Philips, Judge Joel Slomsky, Phillips, Starbucks “, White, , ” Phillips, — CNN’s Kristina Sgueglia, Laura Ly, Zenebou Sylla Organizations: New, New York CNN, Starbucks, Philadelphia Starbucks, City, Partner Resources Locations: New York, New Jersey, Philadelphia, City of Philadelphia
CNN —Three months’ worth of rain over the course of one day has flooded the Canadian province of Nova Scotia since Friday night, inundating streets, forcing evacuations and leaving at least four people missing – including two children. “We have had biblical proportions of rain over the night and into the day,” Halifax Mayor Mike Savage said Saturday. A man wearing chest waders walks past cars abandoned in floodwaters in a mall parking lot in Halifax, Nova Scotia, on Saturday. Darren Calabrese/The Canadian Press/APNorthern and eastern Nova Scotia are expected to see more rain Saturday night, while the forecast predicts rain in the central, western and southern areas will ease, officials said. “It came fast and it came furious.”Much of central Nova Scotia has seen severe flooding that deluged roads, forced water rescues and left “significant” property damage Saturday, Houston said.
Persons: , Mike Savage, Premier Tim Houston, Houston, ” Houston, Darren Calabrese, , Kelly Ash, Savage, Fiona, Justin Trudeau, ” Trudeau, Nova, Nova Scotians Organizations: CNN, Halifax, Canadian Press, AP, CNN Canadian, CBC, Twitter, Houston, Nova Scotians Locations: Canadian, of Nova Scotia, Halifax, East Hants, West Hants, Lunenburg, Queens, Premier, Halifax , Nova Scotia, Nova Scotia, Houston
On Friday, the reform caucus sent the union’s leadership a letter laying out its proposal to hold prompt elections, saying it would go to court Monday if the leadership didn’t embrace the proposal. The group said in its letter that enacting the proposal could “mean the difference between an A.L.U. which is strong, effective, and a beacon of democracy in the labor movement” and “an A.L.U. which, in the end, became exactly what Amazon warned workers it would become: a business that takes away the workers’ voices.”Mr. Smalls said in his text that the union leadership had worked closely with its law firm to ensure that its actions were legal, as well as with the U.S. Labor Department. Jeanne Mirer, a lawyer for the union, wrote to a lawyer for the reform caucus that the lawsuit was frivolous and based on falsehoods.
Persons: Connor Spence, Brett Daniels, Brima, ” Mr, Smalls, Jeanne Mirer, Spence, Organizations: Amazon, U.S . Labor Department Locations: Staten
CNN —Canadian police have identified a woman known as the “Nation River Lady,” nearly five decades after she went missing and was found dead floating in a river in Ontario, police said. Police say Langford, 48, became known as the “Nation River Lady,” after the Nation River in eastern Ontario where her remains were found on May 3, 1975. In March 2022, her remains were repatriated to the US followed by a memorial service and burial, the release says. Rodney Nichols, 81, was criminally charged with Langford’s murder at the Ontario Court of Justice late last year, the release states. “Detected members of our local crime unit in the criminal investigation branch have always believed this case was solvable, that we would one day identify the person who became known as the Nation River Lady,” Kearns said.
Persons: , Jewell “ Lalla ” Langford, Langford, John, Jane, men’s neckties, Rodney Nichols, Daniel Nadeau, Branch, Jewell Langford’s, Nichols, Langford “, Janice Mulcock, , Marty Kearns, ” Kearns Organizations: CNN, Canadian, Ontario Provincial Police, Police, Centre of Forensic Sciences, Ontario, Justice, OPP’s, ” Police, Ontario Police Department, Facebook, American Businesswomen’s Association, OPP Investigations Locations: Ontario, Montréal, Toronto, Hollywood , Florida, Jackson , Tennessee
New York CNN —A fire near Tiffany & Co.’s newly renovated flagship store in New York City sent smoke pouring out of the building on Thursday. Firefighters responded to a transformer fire that began in an electrical vault next to the jewelry store’s 5th Avenue location in Manhattan. Videos on social media showed dark plumes of smoke coming out of the historic building and spilling into the street. The fire comes just over two months after Tiffany officially reopened the doors of its 10-floor limestone flagship shop. The 5th Avenue flagship accounted for 10% of the brand’s global sales before it closed for renovations.
Persons: Firefighters, Tiffany, Bernard Arnault’s LVMH, Arnault, ” Tiffany’s, Jean, Michel Basquiat, Julian Schnabel, , Zenebou Sylla Organizations: New, New York CNN, Tiffany, The New York Fire Department, FDNY, Wall Street Locations: New York, New York City, Manhattan, The
Phillips, who worked for Starbucks for about 13 years and managed a region of stores in the area, was fired after the the arrest of two Black men at a Philadelphia Starbucks in April 2018. The New Jersey jury returned a verdict of $25.6 million, including $25 million for punitive damages and $600,000 in compensatory damages, according to Console Mattiacci Law, which represents Phillips. The jury ruled unanimously after a six day trial, the lawyers said, noting that Phillips will also be seeking back and front pay. Starbucks said it is disappointed in the decision and is evaluating its next steps, spokesperson Jaci Anderson told CNN. A jury found in favor of a former regional director who accused the company of racial discrimination.
Persons: Shannon Phillips, White, Phillips, Jaci Anderson, Kena Betancur, , ” Phillips, Kevin Johnson, , Laura Ly, Zenebou Sylla Organizations: New, New York CNN, Starbucks, Philadelphia Starbucks, The New, Mattiacci, CNN, City, Getty, Partner Resources Locations: New York, Philadelphia, The, The New Jersey, City of Philadelphia, AFP
An attack on a state-owned water plant could create shortages in Dakar, where it hasn't rained for eight months and where water cuts are common, Diome said. Bus company Dem Dikk, which is part state owned and whose beige buses are recurring targets during protests, partially resumed services this week. Attacks on its buses have cost the company over $7 million since March 2021, CEO Ousmane Sylla told Reuters. Stalled operations can cost Dem Dikk up to $80,000 in losses per day and make it tricky for thousands of commuters to get to work. "It is creating unemployment," he said, adding that it was already difficult for graduates to find jobs before the unrest.
Persons: Ousmane Sonko, Antoine Felix Abdoulaye Diome, Diome, Read, Ousmane Sylla, Dem, Sylla, . University student Mbodj, Saint Louis, Ngouda Dione, Sofia Christensen, Edward McAllister, Sharon Singleton Organizations: KFC, Sedima Group, International Labour Organization . Bus, Reuters, . University student, Thomson Locations: DAKAR, Senegal, Dakar, Mbour, Keur Massar, Saint
CNN —A disruptive passenger on a Friday flight from Paris, France, to Detroit, Michigan, is facing criminal charges after his behavior caused the plane to be diverted to Canada, police said. The flight, operated by Delta Air Lines, left Charles de Gaulle airport in Paris Friday morning and was in the air for about six hours before landing in Canada, according to flight tracker FlightAware. After about 90 minutes at the Canadian airport, it took off and headed to Detroit. “Delta has zero tolerance for unruly behavior, especially when it potentially compromises the safety of our customers and flight crew,” a Delta spokesperson said in a statement regarding the incident. Last year there were more than 2,300 reports of unruly passenger behavior, according to US Federal Aviation Administration statistics.
Persons: Cpl, Jolene Garland, Garland, Charles de Organizations: CNN, Royal Canadian Mounted Police, Stephenville, Delta Air Lines, Delta, US Federal Aviation Administration, FAA Locations: Paris, France, Detroit , Michigan, Canada, Newfoundland, Stephenville Municipal, Charles de Gaulle, Detroit
CNN —Three teenagers have been arrested in connection with killing and “consuming” a beloved swan in a Syracuse, New York, suburb, and stealing four young swans this week, police said. A mature female swan named Faye and her four young swans, also known as cygnets, were reported missing from the swan pond Monday, police in the village of Manlius said. The three friends, who attend the same high school, hopped over the fence surrounding the swan pond in the middle of the night, Hatter said. We will continue to have swans,” Whorrall said. The swans have been in Manlius since 1905, according to Whorrall, and the village cares for and feeds them.
Persons: Faye, Tina Stanton, Stanton, Ken Hatter, Hatter, , Manlius Mayor Paul Whorrall, Faye’s, Manny –, Whorrall, ” Whorrall, “ We’ll, Manlius, old’s, ” Hatter Organizations: CNN, Police, Manlius Mayor, New York’s Department of Environmental Conservation Locations: Syracuse , New York, Manlius, New York
New York CNN —A wrongful death lawsuit filed against several social media companies Friday alleges that social media lent to the radicalization of the gunman who shot and killed 10 people at a grocery store in Buffalo, New York, last May. “However, the social media platforms that radicalized him, and the companies that armed him, must still be held accountable for their actions. Speaking to CNN Sunday, Buffalo Mayor Byron Brown commended some of the victims’ families and survivors for tackling extremism on social media platforms. We deliberately designed Snapchat differently than traditional social media platforms and don’t allow unvetted content to go viral or be algorithmically promoted. The lawsuit alleges that social media platforms “Meta, Alphabet, Reddit and 4chan earned advertising revenue from hosting and amplifying” Gendron’s video on their platforms.
CNN —A group of New York Democrats announced support for federal legislation aimed at regulating lithium-ion battery safety standards after a spate of fires caused by the batteries malfunctioning or overheating. Lithium-ion batteries, found in many popular consumer products like e-scooters and smartphones, have been under scrutiny amid increasing reports of explosive fires triggered by the batteries, which use flammable materials. The incident followed a Manhattan apartment building fire in November that injured at least 38 people and was blamed on a lithium-ion battery connected to a micromobility device. The new lithium-ion battery safety bill was announced last month by Rep. Ritchie Torres, D-NY, who said the legislation would save lives and protect property. Torres said the latest fire is another reminder “of the escalating threat lithium-ion batteries poses to the public’s safety,” according to a news release.
CNN —Lawyers for Amber Heard officially appealed her loss in a defamation case brought by Johnny Depp, arguing there were several errors in the trial, according to reporting from the Los Angeles Times. The case will now go to a three-judge court of appeals panel for a decision, according the LA Times. CNN has reached out to attorneys representing Heard and Depp for comment and to obtain a copy of the appeals. The jury awarded Depp $10 million in compensatory damages and $5 million dollars in punitive damages. Heard filed the appeal with the Court of Appeals in Virginia on November 23, according to the LA Times.
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