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☆ How a Tiny Chicago News Organization Won 2 Pulitzers
▼ + stars: | 2024-05-06 | by ( Benjamin Mullin | ) www.nytimes.com time to read: +1 min

When Jamie Kalven met Yohance Lacour in 2017, the two men quickly realized they had something important in common. Mr. Kalven, the founder of the Invisible Institute, a nonprofit Chicago newsroom, was working in Chicago’s Stateway Gardens housing development in 1997 when a vicious hate crime wounded the community there deeply. And Mr. Lacour helped a local newspaper cover that story at the time. Mr. Lacour’s podcast won one of two Pulitzers this year for the Invisible Institute, a small, crusading newsroom on Chicago’s South Side known for holding city authorities to account. The other prize, for local reporting, went to the organization’s data director, Trina Reynolds-Tyler, who reported an investigative series on missing Black girls and women in Chicago.

Persons: Jamie Kalven, Yohance Lacour, Kalven, Lacour, Kalven’s, —, Trina Reynolds, Tyler Organizations: Invisible Institute, Monday Locations: Chicago

☆ Romance scammers are now building trust with AI-generated deepfakes. Here's how to spot them.
▼ + stars: | 2024-04-20 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

It might be because he's a romance scammer called a "Yahoo Boy" who wants to steal your life savings. Once gaining the victims' trust, the scammers use a pretense to solicit money, like the need to pay an emergency medical expense. Last year alone, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Kate Kleinert, a 69-year-old widow, previously told BI that she lost $39,000 to an online romance scam. Over the last two years, the Yahoo Boys started experimenting with deepfake video clips and video calls, according to Wired.

Persons: —, Kate Kleinert, Kleinart, David Maimon, Trina Higgins, Higgins, haven't Organizations: Service, Yahoo, Yahoo Boys, Department of Justice, Business, Federal Trade Commission, Social Security, Wired, Georgia State University, CNN, Nigerian, Prosecutors, Justice Department Locations: Nigeria, Hong Kong, Salt Lake City, Utah

☆ Meet Tree Paine, the PR mastermind helping to steer the massive Taylor Swift machine
▼ + stars: | 2024-04-20 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Tree Paine has been Taylor Swift's power publicist for a decade. To that end, Swift's publicist of a decade, Tree Paine, is one of the most critical figures in her orbit. Advertisement'The devil works hard, but Tree Paine works harder'Paine is private on Instagram but active on X, where users regularly rhapsodize about her apparent machinations behind the scenes — whether or not she's actually involved. "The devil works hard," the user wrote, "but tree paine works harder." "Tree Paine undefeated," he joked.

Persons: Tree Paine, Taylor, she's, —, Taylor Swift, — Paine, Paine, Trina Snyder, Swift, Paula Erickson, Erickson, Lance Paine —, Donald Trump, Paine clapped, Kim Kardashian, Kanye West, Joe Alwyn, Paine fumed, Paine's, paine, David Ehrlich Organizations: Service, Department, Wall Street, University of Southern, Warner Music Nashville, Warner, Premium, Scott Brothers Global, Netflix Locations: Costa Mesa , California, University of Southern California, Los Angeles, Swift's, Deuxmoi

☆ In photos: ‘Wash Day’ honors a classic Black hair ritual
▼ + stars: | 2024-04-19 | by ( Brooklyn White-Grier | ) edition.cnn.com time to read: +7 min

I wanted to show the inherent beauty of Black natural hair.”For Black women and children, wash day is equal parts essential maintenance and self-renewal. Tomesha FaxioIn the series of portraits that make up “Wash Day,” Faxio sat with 26 families and took photos as they went through their distinct routines. We talk often, after all, about the obsession with hair being “done” and the intra-communal shame that sometimes comes with natural hair. For us too, wash day is a high energy sport — and it’s also a bonding exercise that neither of us will forget. Tomesha Faxio

Persons: CNN — “, Tomesha Faxio, “, Nadia, Faxio, Tonya, Briana, Grace —, ” Faxio, that’s, ”, Tomesha, —, Latroya, washings, Mom, it’s, EuLisa, Zoe, Tomesha Faxio “, ” she’d, Kameron, detangling Organizations: CNN Locations: —, Black, Brooklyn

☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
▼ + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com time to read: +12 min

Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."

Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias

☆ Department of Justice opens probe of Globe Life, American Income Life
▼ + stars: | 2024-03-06 | by ( Susan Antilla | ) www.businessinsider.com time to read: +6 min

The U.S. Department of Justice has subpoenaed Globe Life Inc. and its subsidiary American Income Life seeking documents related to one of its top life insurance agencies — the Pittsburgh-based Arias Organization. Globe Life executives made no mention of the DOJ probe during a quarterly earnings call on February 8. In October, insurance regulators in Pennsylvania fined American Income Life $130,000 for engaging in deceptive consumer practices. "We do not believe the litigation will be material to Globe Life's overall results or American Income Life's agency operations," he said. Darden told the analysts that "as soon as American Income became aware of" the allegations, AIL hired an outside investigator to look into the matter.

Persons: Arias, Renee Zinsky, Michael Russin, Joel Scarborough, Globe's, Trina Orlando, Cathy Seifert, Seifert, Scarborough, Simon Arias, Natalie Price, AIL, Warren Buffett's Berkshire, James Darden, Darden, Zinsky, Janet Hendrick, Phillips Murrah, Kathryn D, Terry, Liz Rita, Susan Antilla Organizations: U.S . Department of Justice, Inc, Organization, News, Business, BI, CFRA Research, Securities and Exchange Commission, Globe, DOJ, Scarborough, US, Office, Western, Western District of Pennsylvania, Arias Agencies, The, Justice, Warren, Warren Buffett's Berkshire Hathaway, Commission, Department of Justice, AIL, Income, Zinsky, Law Locations: Pittsburgh, Scarborough, Western District, Pennsylvania, Dallas, Globe, Denver, AIL, susan.antilla1@gmail.com

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

☆ Tesla beats lawsuit claiming it monopolizes repairs, parts
▼ + stars: | 2023-11-18 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Tesla logo is seen on the steering wheel of an electric vehicle at a dealership in Durango, northern Spain, October 30, 2023. She also said customers could not prove that Tesla coerced them into using its services and parts simply because they had bought their vehicles in the first place. She said customers may choose to amend their complaint, which combined five lawsuits and covered drivers who have paid for Tesla repairs and parts since March 2019. Customers said Tesla differs by requiring them to have vehicles serviced by the Austin, Texas-based company or its approved service centers, and use only Tesla parts. The case is Lambrix v Tesla Inc, U.S. District Court, Northern District of California, No.

Persons: Vincent West, Elon, Trina Thompson, Tesla, Thompson, Jonathan Stempel, Diane Craft Organizations: REUTERS, Tesla Inc, Court, Northern District of, Thomson Locations: Durango, Spain, U.S, San Francisco, California, Austin , Texas, Northern District, Northern District of California, New York

☆ Women Who Work in Utah's Silicon Slopes Share Its Dark Side
▼ + stars: | 2023-10-26 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +17 min

During an interview for an engineering job at a Utah tech company, Trina Limpert was told she was a "risky hire." Insider spoke to 22 women who previously or currently work at Utah tech companies told Insider. Silicon Slopes, named for Utah's world-class ski slopes, is headquarters for tech companies like Ancestry, Domo, Entrata, Pluralsight, Qualtrics, and hosts outposts for others like Adobe and a Meta data-center. Many women — both Mormon and not — described their Utah tech companies as a Mormon boys' clubs. Ancestry, one of Utah's most established tech companies, hired former Facebook executive Deborah Liu as CEO in 2021.

Persons: Trina Limpert, Limpert, she's, she'd, Claudia Geist, It's, of Jesus Christ, Robyn Cohen, Michelle Kuo, Kuo, They're, —, Robbyn Scribner, Mike Pence, they're, Scribner, Susan Madsen, there's, harasser, I've, John Richards, Richards, " Richards, Emily Perkins, that's, Deborah Liu, Liu, Heather Friedland, Ashlee Davis, who've, we're, " Madsen Organizations: Computing Technology Industry Association, Tech, University of Utah, Google, Microsoft, Meta, Adobe, Brigham Young University, of Jesus, US Chamber of Commerce, American Community Survey, Salt Lake City Tribune, Utah State University, Ignition Ventures, NASDAQ Locations: Utah, Silicon Slopes, Silicon Valley, California, Washington, New York , Utah, Utah's, New York, JumpSearch, Silicon, Southern California, Salt Lake, There's, Seattle, Glassdoor, @rosaliechan

☆ Exclusive: China's Trina Solar plans $400 mln Vietnam plant after US sanctions - sources
▼ + stars: | 2023-09-27 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +3 min

Trina, one of the world's biggest solar panel makers by sales, would invest $400 million in the plant that would span 25 hectares of industrial land. Production is set to begin in 2025, one of the sources with direct knowledge of the plan said. Another person who was involved in discussions with the company said Trina had flagged $600 million in possible investment in Vietnam. Another source said Trina Vietnam's power supply problems were being considered as the company weighed options for its possible expansion. A heatwave in June hit the output of hydropower, Vietnam's second biggest source of electricity, forcing factories to temporarily suspend production due to power cuts.

Persons: Trina, Trina Solar, FENG SHUI, Feng shui, Francesco Guarascio @fraguarascio, Phuong Nguyen, Miyoung Kim Organizations: Reuters, U.S . Department of Commerce, P Global Market Intelligence, Thomson Locations: Vietnam, Thailand, HANOI, United States, Southeast Asia, U.S, Beijing, Washington . China

☆ Warren Buffett dumps stock, regulators open probes as claims of abuse and fraud mount against a top Globe Life agency
▼ + stars: | 2023-08-31 | by ( Susan Antilla | ) www.businessinsider.com time to read: +22 min

Five other current or former agents confirmed to Insider that some Arias agents wrote up policies in the names of fictional people or people who were dead. Amy Williamson, an attorney who represents dozens of current and former Arias agents in civil claims, said she received an inquiry from a US attorney's office. With regard to Insider's specific questions about Globe, AIL, and Arias, she said, "It is the Company's policy not to comment." Lusty asked questions about Russin's campaign of aggressive social-media posts since Zinsky filed suit, Williamson said, including posts about his gun purchases. Since Zinsky filed suit against him, Russin has made a string of threatening social media posts featuring firearms.

Persons: Simon Arias, Warren Buffett, Berkshire Hathaway, Arias, Trina Orlando, Michelle Billotte, Billotte, she'd, Orlando, Nancy Andrews, William McKee, McKee, Brett Hambright, Amy Williamson, AIL, Renee Zinsky, Michael Russin, Russin, Jennifer Haworth, Benjamin Webb, Chris Williams, Natalie Price, dialers, DocuSign, Scott Dehning, Steven Greer, Joel Scarborough, Dehning, Haworth, Greer, Zinsky, Abeni Mayfield, Mayfield, Columbia , Maryland Rosem Morton, Abeni Mayfield Orlando, texted, Kailey Andrasko, propositioned, Russin texted, he'd, Kailey, Williamson, Anne Hilbert, Hilbert, Debbie Gamble, Zinsky's, Webb, didn't, interrogatories, Jonathan Lusty, Lusty, I'm Organizations: Arias, . Insurance, Wexford, Berkshire, Globe, Life, American, Arias Organization, Arias Agency, Pennsylvania Department of Insurance, Department of Insurance, Department, Pennsylvania, Globe Life, Texas Rangers, Dallas Cowboys, AIL, Organization, Russin, Insider Orlando, Caesars, Employment, Commission, Caesars Palace, Russin's, Consulting, Court, Western District of Pennsylvania Locations: Wexford , Pennsylvania, Wexford, Morgantown , West Virginia, AIL, Michigan, Scarborough, Columbia , Maryland, Las Vegas, Stockholm, Orlando, Morgantown, Mayfield's, Western District, Pittsburgh

☆ Schonfeld's growing pains: Ryan Tolkin reckons with his greatest challenge yet as returns dry up at the $13 billion hedge fund
▼ + stars: | 2023-08-23 | by ( Alex Morrell | ) www.businessinsider.com time to read: +14 min

When it was raising fresh money from investors in 2020, one slide on the pitch deck for the hedge fund Schonfeld Strategic Advisors got to the heart of the issue: "Why Schonfeld?" A hedge fund recruiterAmid the weakness, the fund has begun to prune costs. Steve Schonfeld (class of 1977) and Brad Tolkin (class of 1976) attended Roslyn High School in Roslyn Heights, New York. Tolkin told Insider in 2019 that the firm's goal was no less than becoming "the premier equities hedge fund globally." While Steven Schonfeld's 20% annual-return goals would've been ambitious for any sizable hedge fund, returns have also lagged behind peers.

Persons: Israel Englander, Ryan Tolkin, Steve Schonfeld, hasn't, It's, Schonfeld, Quita Ramirez, Trina Geatz, who've, Tolkin, Goldman Sachs, Andrew Fishman, Goldman Sachs —, Steven Schonfeld's, Ryan Tolkin's, Brad Tolkin, Brad, Jeff, Alex Morrell Steve, CJ, Sean, Ryan, Brad Tolkin's, Steven Schonfeld, Ryan —, who's, Steve, Michael Gelband, Michael Englander, Izzy Englander's, Steven, Sharpe, Fishman, Michael Nagle, Colin Lancaster, would've, Brevan Howard, ExodusPoint Organizations: Citadel, Duke, Goldman, Long, Newsday, Schonfeld Securities, Roslyn High School, American Express, Cleveland Cavaliers, Jewish, —, Bloomberg, Strategic Partners, Equity, Schonfeld, Nasdaq, Management Locations: Israel, Miami, Stamford , Connecticut, Manhattan, Delta, Duke, Long Island, Roslyn Heights , New York

☆ Wells Fargo defeats shareholder lawsuit over fake job interviews
▼ + stars: | 2023-08-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

The plaintiffs in the proposed class action must "allege more than that the sham interviews were an open secret," Thompson wrote. "While Wells Fargo's history provides some context for the allegedly misleading statements, it is not sufficient to confer [intent to defraud]." Wells Fargo did not immediately respond to similar requests. The plaintiffs had claimed that San Francisco-based Wells Fargo inflated its stock price through nine public statements discussing its "diverse slates" guidelines. The case is SEB Investment Management AB et al v Wells Fargo & Co, U.S. District Court, Northern District of California, No.

Persons: Wells, Trina Thompson, Thompson, Charlie Scharf, Wells Fargo, Kirsten Donovan Organizations: U.S, New York Times, SEB Investment, Wells Fargo & Co, Court, Northern District of, Thomson Locations: San Francisco, Francisco, Manhattan, Wells, Northern District, Northern District of California

☆ US slaps tariffs on some big solar companies for dodging China duties
▼ + stars: | 2023-08-18 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022. The decision, which largely mirrors a preliminary finding the agency made in December, was opposed by buyers of solar panels that rely on cheap products made overseas to make their projects competitive. Other companies operating in those nations have the ability to pursue a certification process to show that they are not circumventing tariffs. The U.S. has had anti-dumping duties in place for a decade on Chinese-made solar products after a Commerce probe found Chinese companies were receiving unfair government subsidies that kept their prices artificially low. The companies and others will face the same duty rates the United States already assesses on their Chinese-made products.

Persons: Nathan Frandino, Joe Biden's, Trina Solar, Joe Biden, Nichola Groom, Stephen Coates Organizations: University of California, REUTERS, Commerce Department, Commerce, Energy, New, Thomson Locations: Merced, Merced , California, U.S, United States, Cambodia, Malaysia, Thailand, Vietnam

☆ Supply chain scrutiny may upend EU solar ambitions
▼ + stars: | 2023-05-23 | by ( Lisa Jucca | ) www.reuters.com time to read: +5 min

Western nations are rushing to install more solar panels to reduce their dependency on polluting fossil fuels like gas and oil. Yet a rising legislative tide aimed at ensuring companies’ supply chains are free from forced labour and other abuses presents a mounting challenge for Western utilities. Bernreuter estimates that non-Chinese solar-grade polysilicon is enough to produce 40 gigawatts of solar panels per year. Banned materials include polysilicon, an ultra-pure form of silicon, that is the key raw material used to make solar panels. The European Commission published in February 2022 a draft proposal aimed at forcing companies to better police their global supply chains.

☆ US releases a third of electronics detained under China forced labor law, data shows
▼ + stars: | 2023-03-14 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

March 14 (Reuters) - U.S. customs officials have released more than a third of the electronic equipment, including solar panels, detained since last year under a new law meant to weed out products made with forced labor, according to data released on Tuesday. According to the data, CBP has released 552 electronics shipments worth $345 million out of a total of 1,627 industry shipments valued at $841 million that were held for examination. While it was unknown what percentage of those shipments are solar equipment, Reuters reported last year that as of late October, CBP had detained more than 1,000 shipments of solar energy equipment. Just 17 electronics shipments, worth $7 million, have been denied entry into the U.S. market. The data also shows detainments peaked in the federal government's fiscal fourth quarter that ended in September and have steadily declined since then.

[1/5] Plants grow through an array of solar panels in Fort Lauderdale, Florida, U.S., May 6, 2022. REUTERS/Brian SnyderMarch 6 (Reuters) - U.S. imports of solar panels are finally picking up after months of gridlock stemming from implementation of a new law banning goods made with forced labor, according to two Chinese solar companies. The gains are a relief to major Chinese suppliers including Trina Solar (688599.SS) and Jinko Solar (JKS.N), who are finally getting products into the lucrative U.S. market after long delays. Trina rival Jinko Solar Holding Co Ltd (JKS.N) has also had shipments released from detention, a source close to the company said. It would not specify how many of those were solar products.

☆ U.S. solar panel imports from China grow, alleviating gridlock, officials say
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

[1/4] John Podesta, the White House senior advisor for clean energy, delivers a speech during the CERAWeek energy conference in Houston, Texas, U.S., March 6, 2023. REUTERS/Callaghan O'HareMarch 6 (Reuters) - U.S. imports of solar panels from Chinese suppliers are increasing as customs officials have clarified rules around complying with a new law banning goods made with forced labor, a White House official said on Monday. Trina Solar Co Ltd (688599.SS), a major Chinese solar manufacturer, told Reuters that more than 900 megawatts of solar panels has cleared U.S. customs in the last four months, with less than 1% of those products being detained for examination. Trina rival Jinko Solar Holding Co Ltd (JKS.N) has also had shipments released from detention, a source close to the company said. Reporting by Richard Valdmanis in Houston Editing by Chris Reese and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ 'No Straight Lines' unearths the hidden history of queer comic books
▼ + stars: | 2023-01-23 | by ( Dan Avery | ) www.nbcnews.com time to read: +8 min

Independent Lens“No Straight Lines” also profiles Mary Wings, who is credited with publishing the first known queer comic book, “Come Out Comics,” in 1973. San Francisco, where Wings now lives, was home to many of the earliest LGBTQ comic books and strips — most of which were made by queer women. “Stuck Rubber Baby” was one of the first queer comics to get mainstream critical acclaim. His generosity of spirit and intellect brought this community together.”Cruse died of cancer in 2019, while “No Straight Lines” was still in development. “It’s very exciting.”“No Straight Lines” premieres on PBS’ “Independent Lens” Monday at 10 p.m.

What credit scores don't captureLenders have always needed a way to determine a borrower's creditworthiness, and credit scores were a faster, easier way to do so. "If you look at credit scores from the perspective of other social actors, like policymakers or consumer advocates, why someone does or does not repay might start to have more bearing on how you make sense of credit scores," says Kiviat. The credit scoring system can also reflect and even worsen existing racial and wealth inequality. However, the credit scoring and reporting systems can function imperfectly, leaving many of the most marginalized without credit scores or with poor credit scores. Furthermore, policymakers have been considering how to make it easier for people to access their credit scores and resolve mistakes on their credit reports.

Relentlessly rising rents, eight consecutive interest rate hikes, surging living costs and devastating natural disasters in the past few years have inflamed what was already among the world's least affordable rental markets. In Demographia's International Housing Affordability report this year, Sydney ranked the world's second-least affordable market, behind only Hong Kong. Australia's worst floods on record in the east of the country earlier this year destroyed homes and forced about 40,000 people to evacuate, adding to the housing crisis. SEEKING SOLUTIONSProperty owners say rising costs are forcing them to raise rents. Trina Jones from Homelessness New South Wales said for the move to be successful, homes need to be representative of social and affordable housing, and not aimed at making profits.

When the Fed increases the interest rate, or the federal funds rate, it alters the interest rate on interbank lending. Now, the Fed's target interest rate range is around 4%, up from near-zero interest rates during the pandemic. High-yield savings accounts differ from traditional savings accounts because they offer significantly higher interest rates. Meanwhile, the high-yield savings accounts with the highest APYs have rates that are 18 times higher than the average APY on traditional accounts. Select ranked LendingClub High-Yield Savings and UFB High Rate Savings as some of the best high-yield savings accounts.

☆ China's LONGi denies circumventing U.S. tariffs on solar panels
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Dec 5 (Reuters) - Chinese solar panel maker LONGi Green Energy Technology Co. Ltd (601012.SS) said on Monday it will provide evidence to show it is complying with U.S. laws after the U.S. Department of Commerce found it to be circumventing tariffs. The United States will impose new duties on imports from LONGi and three other Chinese solar panel makers, trade officials said on Friday, after an investigation found in a preliminary determination issued last week they were trying to dodge tariffs by finishing products in Southeast Asian countries. During this period, we will actively provide evidence that shows we are compliant with U.S. trade law and not circumventing," LONGi said in a statement sent to Reuters. BYD Co Ltd (002594.SZ), Trina Solar Co Ltd(688599.SS) and Canadian Solar Inc (CSIQ.O), also named in the preliminary determination, did not immediately respond to requests for comment. LONGi said it was working on increasing the strategic layout of its global operations, including improving its manufacturing and supply chain for the U.S. market.

☆ U.S. to expand solar panel tariffs after probe finds Chinese evasion
▼ + stars: | 2022-12-02 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

The announcement was welcomed by Auxin Solar, a small U.S. solar panel maker that requested the Commerce investigation in February. Producers including New East Solar, Hanwha Q CELLS, Jinko Solar (JKS.N) and Boviet Solar were found not to be dodging the tariffs, Commerce said. "The only good news here is that Commerce didn't target all imports from the subject countries," Abigail Ross Hopper, president of solar trade group the Solar Energy Industries Association (SEIA), said in an emailed statement. Buyers of solar panels for both large utility projects and residential rooftops say new tariffs will worsen what is already a difficult market for accessing solar energy equipment. The mere threat of new tariffs on solar imports also contributed to a slowdown in project development this year, the industry has said.

In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.

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