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☆ Sam Bankman-Fried has a new currency to trade in prison: rice
▼ + stars: | 2024-05-10 | by ( Sarah Gray | Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

FTX founder Sam Bankman-Fried, who was convicted on seven counts, gave an interview from prison to Puck. SBF told Puck he spends his days in a large dormitory room with 35 other men. He said he lives off beans and rice purchased from the commissary, and his rice is now prison currency. AdvertisementSam Bankman-Fried has a new currency to trade in prison at the Metropolitan Detention Center in Brooklyn. He told Puck that he has not been abused and does not "fear for his safety."

Persons: Sam Bankman, SBF, Puck, —, Fried, William D, Cohan, Cromwell, Damian Williams, Crypto, FTX Organizations: Service, Metropolitan Detention, Alameda Research, Puck News, Bureau of Prisons, Business, Sullivan Locations: Puck, Brooklyn, Alameda

☆ Ackman, Musk, Trump and How the Rich Convert Their Wealth Into Power - The New York Times
▼ + stars: | 2024-02-05 | by ( William D. Cohan | ) www.nytimes.com time to read: +2 min

Bill Ackman, the billionaire hedge fund manager, is an annoying and persistent contrarian. Whether you think Mr. Ackman is a billionaire blowhard or a courageous iconoclast, he is part of a paradigm shift in social media, where rich people are increasingly able to convert financial capital into social capital. He’s hardly even the first or most outrageous beneficiary of this unfortunate reality: That distinction probably belongs to his fellow billionaires Donald Trump and Elon Musk, who, like Mr. Ackman, have also discovered that unfiltered, limitless social media platforms are heaven for those with unconventional opinions and God complexes. But why do wealthy people like Mr. Ackman make such a fuss on X, posting lengthy diatribe after lengthy diatribe? He wants to reach the public, a public that doesn’t enjoy the same freedoms on social media that he does.

Persons: Bill Ackman, Harvard’s, Claudine Gay, he’s, Sally Kornbluth, Ackman, blowhard, Donald Trump, Elon Musk, Musk, Pierre Bourdieu Organizations: Elon, Harvard Locations: He’s

☆ Opinion: The shattering aftermath in Maui
▼ + stars: | 2023-08-13 | by ( Richard Galant | ) edition.cnn.com time to read: +16 min

CNN —The Polynesian demigod Maui was so powerful he could raise islands up from the ocean floor and capture the sun to slow it down. We know Lahaina will be rebuilt, and the government response — city, state and federal — will be a huge part of that. “You can beat the drum of ‘women’s rights’ and defend tooth-and-nail women’s sports, so long as you only do so to denigrate trans women.”For more on the World Cup:Shaista Aziz: This Women’s World Cup has been unlike any other. That’s a great thingAmy Bass: The US loss at the Women’s World Cup sends a clear messageBill Bramhall/Tribune Content AgencyLet’s make a deal? In a country where federal prosecutors overwhelmingly win their cases, Trump’s odds of going to trial and winning both federal cases are slim — and he may face similarly daunting odds in the other cases.

Persons: Bill Weir, Jeff Melichar, ” Clay Jones, Melichar, “, Shaw, Naka Nathaniel, Kaua’i “, ”, ALICE, Lawrence Downes, ” Drew Sheneman, Peter Bergen, Laura Tillman, ” “, David Petraeus, ” Bergen, Tillman, Donald Trump’s, Joe Biden’s, ” Mary Ziegler, ” Ziegler, Roe, Patrick T, Brown, Wade, Kevin McCarthy, Biden, “ Biden, Julian Zelizer, ” Dana Summers, Donald Trump, Podcaster Megyn Kelly, “ I’m, Nicole Hemmer, Megan “ Rapinoe, Kelly, Shaista Aziz, Amy Bass, Bill Bramhall, Will Handelsman, it’s, Trump, William D, Cohan, Puck, David Rubenstein, Scott Galloway, Jill Filipovic, “ Trump, Galloway, pardoning, ” Filipovic, …, Jesus, Kelli Rhee, Rhee, ” Don’t, Drew Sheneman, Agency Brian Elmore, Sen, Elizabeth Warren, Adam Kinzinger, Ukraine Aanchal Saraf, Rebecca H, Oppenheimer’s, Joseph, I’ll, Neil J, Holly Thomas, Sara Stewart, “ Oppenheimer, Christopher, “ Barbie, “ Barbie ”, ” Stewart Organizations: CNN, Coast Guard, Honolulu Civil, ‘, Aloha, New York Times, …, Agency, UN, Republican, GOP, ”, Republicans, Democratic, Federal, FIFA, US, National Soccer Team, New York University, Trump, Arnold Ventures, Ukraine Aanchal, Warner Bros . Locations: Maui, Lahaina, Hawaii, Naka, Hilo, Kaua’i, Afghanistan, Afghanistan’s, Kabul, Ohio, California , Vermont, Michigan, Georgia, Trump, Ukraine

☆ Rupert Murdoch Can Do Whatever He Wants. It’s Becoming a Problem. - The New York Times
▼ + stars: | 2023-07-04 | by ( William D. Cohan | ) www.nytimes.com time to read: +3 min

Mr. Murdoch’s heir apparent, Lachlan, defended Fox and the Dominion settlement when speaking to investors on May 9. Contrast Mr. Murdoch with, say, Jamie Dimon, the chairman and chief executive of JPMorgan Chase, the nation’s largest bank. Does anyone at Fox or News Corp hold Mr. Murdoch accountable in the same way? One way to rein in Mr. Murdoch may lie with Smartmatic. Smartmatic, or even the recently filed shareholder lawsuit against Fox, could end up pressuring Fox, and indirectly News Corp, to scrap their dual-class stock structures.

Persons: Murdoch’s, Lachlan, ”, “, ” Ms, Minow, Roberts, Shari Redstone, Murdoch, Jamie Dimon, JPMorgan Chase, Joaquin Duato, Johnson, Dimon, he’s, Duato Organizations: Fox, Fox News, Fox Corporation, Comcast, Paramount Global, JPMorgan, Mr, News Corp Locations: America

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