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This story is available exclusively to Business Insider subscribers. AdvertisementAshley Ketner works full-time in a corporate sales job where she proudly displays colorful tattoos on her arms, legs, back, and head. Speaking to Business Insider, Keter said she regularly gets new ink, as she believes her tattoos are a "personal art collection." "I obviously got the job based on my credentials, and very soon after being hired, my tattoos were on full display. While starting a conversation about tattoos with your employer could be intimidating for some people, it's worth noting that
Persons: , Ashley Ketner, Keter, Ketner, she's, Meg Wright Ketner, it's Organizations: Service, Business Locations: North Carolina, New York City
Read previewThe Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness and put more money into workers' pockets. There are already challenges to at least one of the rules — but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from moving into jobs in similar industries, and help people get automatic refunds for delayed or canceled flights. More workers eligible for overtime payUnder the Department of Labor's new rule, many workers who make under $43,888 will be eligible for overtime pay effective July 1. A ban on noncompetes that keep workers from taking new jobsPerhaps the most sweeping action for workers came from the Federal Trade Commission, which finalized a rule to ban noncompetes in most cases. Will a ban on noncompetes, new overtime thresholds, or airline refunds affect your life?
Persons: , Biden, Lael Brainard, That's, it's, Judy Conti, Pete Buttigieg, Brainard, Aaron, Ryan, John Smith, Suzanne Clark, Jeremy Merkelson, Davis Wright Tremaine, Merkelson, Elizabeth Wilkins, Wilkins Organizations: Service, Business, National Economic Council, Department of, National Employment Law, of Transportation, Federal Trade Commission, . Upjohn Institute, Employment Research, of Commerce, Texas Association of Business, Federal Trade, Chamber of Commerce, FTC
The pre-owned luxury watch market is thriving
  + stars: | 2024-04-24 | by ( Fawnia Soo Hoo | ) edition.cnn.com   time to read: +11 min
Granted, the pandemic-induced second hand luxury watch boom peaked back in March 2022, but the market is still going strong, and price levels remain higher than pre-Covid times. “(They’re) a crucial demographic for the growth and evolution of the pre-owned and vintage luxury watch industry,” added Paul Altieri, founder & CEO of multi-brand online luxury marketplace Bob’s Watches. Don't be shy," said Dimepiece's Brynn Wallner of new buyers' potential nerves when it comes to luxury watch stores. How can you tell if a luxury pre-owned watch is the real deal? “Luxury watches of this caliber will go from one generation to the next to the next to the next,” he explained.
CNN —House Speaker Mike Johnson is moving forward with a legislative package to provide aid to Ukraine, Israel and Taiwan. Georgia Republican Rep. Marjorie Taylor Greene has been beating the drums to vote Johnson, who is himself also an extreme right-wing Republican, out of office. When GOP House members adopted this lower threshold in exchange for accepting McCarthy, experts understood that the rule would create extreme instability within the Republican caucus. On July 28, 2015, Tea Party Republican Rep. Mark Meadows from North Carolina filed a motion to vacate but the House never voted on the resolution. The time of Republican speakership keeps shrinking as right-wing ousters have become increasingly common.
Persons: Julian Zelizer, Mike Johnson, MAGA, Johnson, Marjorie Taylor Greene, Kevin McCarthy of, , McCarthy, can’t, Chuck Schumer, Hakeem Jeffries, Donald Trump, Newt Gingrich, Jim Wright, Wright, Gingrich, Bill Clinton, Gingrich’s, Robert Livingston, Dennis Hastert, John Boehner of Ohio, Jim Jordan, Mark, Boehner, , Paul Ryan, Ryan, Michael Kerr, Theodore Pomeroy, Republican speakership Organizations: CNN, Princeton University, New York Times, America, Twitter, CNN —, MAGA Republicans, Congress, Georgia Republican, Republican, House Republicans, Rep, GOP House, Republicans, Republican Party, GOP, Democrats, Democratic, Louisiana’s, Tea Party Republicans, Tea Party Republican Rep, Wisconsin Rep Locations: Ukraine, Israel, Taiwan, Russia, Iran, China, Kevin McCarthy of California, New, Illinois, Ohio, Mark Meadows, North Carolina
Democrats build financial edge in battle for the House
  + stars: | 2024-04-19 | by ( David Wright | ) edition.cnn.com   time to read: +4 min
Meanwhile, a pair of super PACs aligned with the House leadership of both parties also announced their most recent quarterly fundraising totals this week, showing Democrats with another advantage. House Majority PAC, the Democratic super PAC, said that, along with its affiliated organization, House Majority Forward, it had raised $37 million in the quarter for Democrats’ House effort. Adding to the pressure, House Republicans are still dealing with the fallout from leadership fights as they seek to defend their razor-thin majority. Meanwhile, a conservative dark money group, American Prosperity Alliance, launched new ads this week targeting three House Republicans who had voted to oust McCarthy, slamming their voting records. House Majority PAC, the lead Democratic super PAC, announced earlier this month plans to spend $186 million on advertising campaigns targeting a series of key battleground races.
Persons: outraising, outraised, Mike Johnson, Kevin McCarthy, Johnson, McCarthy, – Johnson, Marjorie Taylor Greene, Greene Organizations: CNN, US, Representatives, GOP, Democrats ’, Democratic Congressional, Committee, Republican, National Republican Congressional Committee, PAC, Democratic, Congressional, Fund, American Action Network, Republicans, House Republicans, Capitol, Capitol Hill . Rep, Marjorie Taylor Greene of, American Prosperity Alliance Locations: California, New York, Capitol Hill, Marjorie Taylor Greene of Georgia, Ukraine, Israel
CNN —Coral reefs around the world are experiencing a mass bleaching event as the climate crisis drives record-breaking ocean heat, two scientific bodies announced Monday — with some experts warning this could become the worst bleaching period in recorded history. If ocean temperatures don’t return to normal, bleaching can lead to mass coral death, threatening the species and food chains that rely on them with collapse. Professor Ove Hoegh-Guldberg, a climate scientist specializing in coral reefs based at the University of Queensland in Australia, predicted this mass bleaching event months ago. In February, scientists at the Coral Reef Watch program at NOAA added three new alert levels to the coral bleaching alert maps, to enable scientists to assess the new scale of underwater warming. Bex Wright/CNNIn mid-February, CNN witnessed extensive coral bleaching on Australia’s Great Barrier Reef – the world’s largest coral reef system – on five different reefs spanning the northern and southern areas.
Persons: ” Derek Manzello, Ove Hoegh, , Guldberg, , Lillian Suwanrumpha, Niña, El, Manzello, ” Manzello, Lady Elliot, Bex Wright, Selina Stead, ” Stead, David Ritter Organizations: CNN, Atlantic, National Oceanic, Atmospheric Administration, Reef, Reef Watch, Pacific, University of Queensland, NOAA, Getty, Niña, Australian Institute of Marine Science, Park Authority, AIMS, UN, Greenpeace Locations: Pacific, Florida, Caribbean, Mexico, Brazil, Australia, Persian Gulf, Indonesia, Africa, Seychelles, Raja Ampat, Indonesia's West Papua, AFP, El, Lady, Greenpeace Australia
Don Wright, a two-time Pulitzer Prize-winning editorial cartoonist whose pointed work punctured duplicity and pomposity and resonated with common-sense readers, died on March 24 at his home in Palm Beach, Fla. His death was confirmed by his wife, Carolyn Wright, a fellow journalist. In a 45-year career, Mr. Wright drew some 11,000 cartoons for The Miami News, which folded in 1988, and then The Palm Beach Post, where he worked until he retired in 2008. But he reached a readership far beyond Florida: His cartoons appeared in newspapers nationwide through syndication. Mr. Wright’s readers knew where he stood, and especially what he was against, whether it was the Vietnam War; Israel’s military support for the pro-apartheid regime in South Africa (he depicted a menorah with missiles in place of candles); sexual abuse by clergymen; the John Birch Society, the anti-Communist fringe group; and racial segregationists, notably the violent Ku Klux Klan.
Persons: Don Wright, Carolyn Wright, Wright Organizations: The Miami News, John Birch Society, Communist, Klux Klan Locations: Palm Beach, Fla, Florida, Vietnam, South Africa
“What he has said is that we would like ultimately there to only be voting on Election Day. Republican attorneys have filed an assortment of lawsuits across the county that vary in both what types of election rules they target and how seriously election law experts believe the case should be taken. The legal fight against mail voting has taken GOP lawyers to states beyond the typical presidential battlegrounds. In addition to the case targeting Mississippi’s post-election day mail ballot receipt deadline, Republicans filed a lawsuit challenging the major expansion of mail voting enacted by New York lawmakers last year. To arrive at the claim that the states’ voter rolls are bloated, Republicans are using a formula that has previously been rebuked in federal court.
Persons: Donald Trump, baselessly, Trump, Mike Johnson, , ” Michael Whatley, that’s, ” Whatley, Whatley –, , Rick Hasen, don’t, ” Hasen, Derek Muller, ” Muller, litigators don’t, , Justin Levitt, Muller, CNN’s Ariel Edwards, Levy, David Wright Organizations: CNN, Republican, Republican National Committee, Mississippi Republican Party, Magnolia, GOP, Republicans, Democrats, Trump, Trump’s, Fox News, Republican Party, RNC, University of Notre Dame, Fox, New, National Conference of State Legislatures, Pew Research Center, Democratic, Pew, The New, The New York City Council, Vermont, Loyola Law School, Biden White Locations: Magnolia State, Pennsylvania, Ohio , Georgia, Florida, North Carolina, Wisconsin, , California, Colorado, Hawaii , Nevada , Oregon , Utah , Vermont, Washington, Mississippi, New York, Michigan , Wisconsin , Ohio, Arizona, New York City, United States, The New York, – Nevada, Michigan, Nevada
The judge ruled that Trump’s “dangerous rhetoric” threatens the integrity of the looming trial, which is scheduled to begin April 15. Here are the facts about Trump’s recent attacks against Merchan’s daughter, and how this sideshow could affect the first-ever criminal trial of a former American president. He deployed this same tactic in the New York case, but went even farther by targeting Merchan’s adult daughter, Loren Merchan. He used the image to argue that Loren Merchan and her father are biased against him. “The X, formerly Twitter, account being attributed to Judge Merchan’s daughter no longer belongs to her since she deleted it approximately a year ago,” court spokesman Al Baker said last week.
Persons: Donald Trump, Judge Juan Merchan, Trump, Merchan’s, don’t, Stormy Daniels, Loren Merchan, Merchan, , Joe Biden, didn’t, ‘ Get, , Loren Merchan’s, Kamala Harris ’, Biden, Harris, Gretchen Whitmer, Katie Hobbs, Adam Schiff, Trump’s, Schiff, Laura Loomer, Judge Merchan’s, Al Baker, Loren, , Judge Merchan, Attorney Alvin Bragg, ” Merchan, Joey Jackson, CNN’s Dana Bash, ” Jackson, that’s, ” CNN’s Daniel Dale, Jeremy Herb, David Wright Organizations: Washington CNN, Democratic, Trump, Super Liberal Democrat, , ‘ Get Trump, New York, CNN, Authentic, Michigan Gov, Arizona Gov, Democratic Party of Wisconsin, House Democrats, California, Senate, The Spectator, Twitter, Manhattan, Attorney Locations: New York, American, , Arizona, York
But at least we found it.”Headstones at the Piney Grove Cemetery are seen amid trees and overgrowth. Melissa BuggA hub for Black communitiesAt the beginning of the 20th century, Piney Grove Cemetery was part of a thriving African American community. Fallen trees and overgrowth at the Piney Grove Cemetery in Atlanta. The lawsuit seeks a declaration from the court that Piney Grove is a public cemetery and an injunction mandating the HOA maintain and provide access to the cemetery. No.”A broken headstone is seen at the Piney Grove Cemetery in Atlanta.
Persons: Audrey Collins, Collins, that’s, HOA, ” Collins, Rhonda Jackson, , ” Jackson, Melissa Bugg, Jackson, CNN Collins, ” Kathryn Whitlock, Whitlock, ” John Wesley Wright, it’s, , Wright Mitchell, “ That’s, ” Mitchell, Bagley, , Organizations: Atlanta CNN, Georgia Trust, Historic Preservation, Piney Grove Baptist, Lenox Homeowners Association, Piney Grove Baptist Church, Atlanta City Council, CNN, HOA, Atlanta . Georgia Trust, Historic Locations: Piney Grove, Buckhead, Atlanta, Piney Grove Baptist Church, Georgia, HOA, , Piney, Atlanta ., Lynwood, Johnsontown
Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.
Persons: Alfredo Herrera, Herrera, Zangara, , , ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, , National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California,
A Meta lawsuit revealed 2016 emails Mark Zuckerberg sent to his employees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAccording to newly unsealed emails in a lawsuit against Meta, Mark Zuckerberg directed Facebook employees to track encrypted user analytics from Snapchat, a competitor. No niceties," Dr. Ronald Riggio, a professor of leadership and organizational psychology at Claremont McKenna College, told Business Insider.
Persons: Mark Zuckerberg, , Zuckerberg, Dr, Ronald Riggio, Annie Wright, Wright, curt, Riggio, Zuckerberg's Organizations: Service, Meta, Claremont McKenna College, Boeing
Peyton Wright and Chris Lambton also never interacted on-screen, but they met through friends from Bachelor Nation. Wright and Lambton in May 2012. She later appeared on the first season of "Bachelor Pad." "I'm so glad Andy Baldwin left me standing there on that aircraft carrier," Wright told People ahead of the couple's one-year anniversary in 2013. The couple hosted the HGTV show "Going Yard," which ran for two seasons.
Persons: Peyton Wright, Chris Lambton, David L Ryan, Lambton, — Wright, Andy Baldwin's, Ali, Boston.com, Andy Baldwin, Wright, Lyla, Hayes, HSN, Chris, Peyton Organizations: Bachelor Nation, Boston Globe, Getty Images Wright, Nation, HGTV, Design Locations: Wright, Lambton, Ali Fedotowsky's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish on tech, health care, staples, and industrials, says Degas WrightDegas Wright, Founder, CEO, and CIO of Decatur Capital, discusses the markets and the trading day ahead.
Persons: Degas Wright Degas Wright Organizations: Decatur Capital
This is a story about one of modern life’s least consequential but most acutely annoying experiences: getting a sufficient number of capers out of those dollhouse-size jars they’re sold in. Capers are expensive, so producers sell them in smaller jars to make each unit more affordable. Why such narrow jars? Skinny jars just look nicer, Mezzetta says. As one Redditor said: “I’ve never been in a situation where I don’t decide to just use the entire tiny jar for what I’m making.”
Persons: they’re, God, capers, It’s, purveyors, Goya, Russell Zwanka, ” Zwanka, , Rebecca Wright, Jeff Mezzetta, they’re tippy, , Mezzetta, Zwanka, chef’s, ” Duane Stanford, Bull, Brian Noone, Redditor, “ I’ve Organizations: New, New York CNN, Western Michigan University, CNN, Beverage, Redditors Locations: New York, New York City, California, Labrador, Morocco, Tunisia, Greece, Turkey, Adelaide, South Australia, Malta
Ukraine's use of the US-made Patriot system has been celebrated. A mixed pastThe MIM-104 Patriot missile system is a ground-based, mobile surface-to-air missile battery that can down crewed and uncrewed aircraft, cruise missiles, and short-range and tactical ballistic missiles. AdvertisementNone of Ukraine's Patriot missile systems have been confirmed destroyed, though there have been Russian claims, but the system has been involved in confirmed kills of Russian aircraft and missiles. "We were again, very much surprised by what we see now, what the effectiveness of the Patriot system seems to be," he said. The problem with Patriot missiles for Ukraine mirrors its main obstacle in trying to fight Russia: A critical shortage of supplies and ammunition.
Persons: , Frederik Mertens, Justin Bronk, Mertens, Joe Raedle, Bronk, Timothy Wright, Nathan White, Mick Ryan, Gilles BASSIGNAC, Houthi, Wright, Jeffrey Lewis, Tom Karako, ANDREW CABALLERO, REYNOLDS, Ryan, Karako, it's, BI's Jake Epstein, Rajan Menon, Volodymyr Zelenskyy, Ukraine Bronk, Jan Kallberg, Ukraine Oleksandr Gusev Organizations: Service, Patriots, Patriot, U.S . Army Security, Hague, Strategic Studies, Royal United Services Institute, Iraq's, US Army, Raytheon, Iraqi, International Institute for Strategic Studies, Australian Army, Getty Images, Middlebury Institute of International Studies, Missile Defense, Center for Strategic, International Studies, Airforce, Getty, Defense, NATO, Emergency Service, Centre for, Kyiv, Pentagon Locations: Ukraine, Russia, United States, Iraq, Iraqi, Saudi Arabia, Getty Images Saudi Arabia, Yemen, Monterey, Prince, Al, Kyiv, Russian, UAE
A relational-trauma therapist shared the subtle ways parents show they have a favorite child. Wright shared some of the common signs of parents favoring one child over their siblings, even if they mean well. The "golden child" is then the one who fits the ideal the best, while the other may become the scapegoat of the family. Related storiesAs a result, the parents may use the golden child as a goalpost for the other child's success. Parents who root for the golden child can overlook the importance of a collaborative, trusting sibling relationship.
Persons: , Annie Wright, Wright Organizations: Service Locations: HBO's
Pop art: Explaining it’s enduring appeal
  + stars: | 2024-03-18 | by ( Christian House | ) edition.cnn.com   time to read: +6 min
CNN —As accidental adverts for art shows go, a giant pooch made of flowers is a crowd pleaser. Outside the Guggenheim Bilbao in northern Spain, Jeff Koons’ much-loved flower 1992 sculpture “Puppy,” shows how Pop art — that high kick of counter-intuitive artistic expression so often equated with the 1960s — never really went away. The Pop baton has been handed over numerous times in art history. The Guggenheim Museum was pivotal to the development of the movement, both in terms of its fame and its art historical importance. The show features works by many American Pop art A-listers like Roy Lichtenstein (above).
Persons: Jeff Koons ’, , Koons, Andy Warhol, Roy Lichtenstein, Robert Rauschenberg —, Lauren Hinkson, ” Erika Ede, , Claes Oldenburg, Maurizio Cattelan, Pinocchio, Lucia Hierro, Warhol, Lichtenstein, Rauschenberg, Jasper Johns, James Rosenquist, Jim Dine, Coosje van Bruggen, Frank Lloyd Wright, Erika Ede, Joan Young, “ Andy Warhol, , Lucía Hierro, Hierro, Lucía Guzmán, , “ I’ve, begonias, Pop Organizations: CNN, Guggenheim, Highland, Guggenheim Museum Locations: Spain, York, Manhattan, Bilbao, Dominican American, New York, Hierro
CNN —Ohio’s Republican Senate primary on Tuesday – this year’s first test of Donald Trump’s clout in a contested Senate race – will help determine a key question this fall: What is the fate of Sen. Sherrod Brown and the Democratic majority? Despite already having clinched the GOP presidential nomination last week, Trump has a lot on the line in Ohio on Tuesday. “Trump endorsed Bernie Moreno for Senate.”But Democrats are also trying to use the former president’s popularity in this red state to their advantage. At over $40 million as of Monday, Ohio’s Senate race trails only the US presidential race, the 2023 Kentucky governor’s race and the 2024 California Senate race in total ad spending so far. “The person who clearly has the best shot of winning in the fall is Matt Dolan – I think our common sense tells us that.”But the governor’s backing could cut both ways for Dolan, Ohio Republican strategists told CNN.
Persons: CNN —, Donald Trump’s, , Sen, Sherrod Brown, Matt Dolan, Brown, Trump, Bernie Moreno, Republicans –, Moreno, MAGA, “ Trump, Frank LaRose, “ Donald Trump, Montana Sen, Jon Tester, they’ve, West Virginia Sen, Joe Manchin, “ I’ll, , , Mike DeWine, Rob Portman’s, Dolan, Trump –, Joe Biden, ” Dolan, ” DeWine, Vladimir Putin, Matt Dolan –, Republicans Dolan, Eric Lange, GOP Sen, Mitt Romney, CNN’s KFile, Anna Saylor, LaRose, he’s, doesn’t, that’s Moreno, Lange, Brown –, ” Brown, ” Ohio, Barack Obama, “ We’ll, ” CNN’s David Wright Organizations: CNN, CNN — Ohio’s Republican, Democratic, Republican, Buckeye State, Republicans, Senate, , Democrats ’, Trump, West Virginia, GOP, Ohio’s Senate, California Senate, Ohio GOP Gov, Trump’s, Cleveland Indians, Cleveland Guardians Locations: Ohio, Columbus, Dayton, Dolan, Bernie Moreno . Ohio, Montana, Kentucky, California, , Dolan , Ohio, Piqua, Hamilton, Sandusky, Buckeye
Having kids with an emotionally immature partner can have lifelong consequences. A psychologist shared some of the biggest red flags that a person isn't ready to be a parent. AdvertisementLong-term relationships are often defined by huge milestones: moving in together, getting married, and having kids. Speaking as both a therapist and parent herself, Wright said that having kids ramps up any issues "times one million." She shared four major red flags that a partner just isn't ready to be a parent — at least, not anytime soon.
Persons: , Annie Wright, Wright, aren't, stomps, nitpicks, it'll Organizations: Service Locations: Berkeley , California,
Then came the endorsement from DeWine, who had previously suggested he wouldn’t get involved in the Senate primary. “Everyone loves Mike DeWine, but that’s not where the party is right now,” said Ohio Republican consultant Bob Kish, who’s not working for any of the candidates. The fight to defeat BrownWhoever emerges from Tuesday’s primary, Brown is in for a tough race in a state that Trump twice carried by 8 points. But like Montana Sen. Jon Tester, the other Democrat running in a Trump state this year, he’s done it before. “The Senate race will be the main event in Ohio,” said a national Democrat working on Senate races.
Persons: Donald Trump, Bernie Moreno, who’s, Democratic Sen, Sherrod Brown –, Trump, Moreno, Sen, Matt Dolan, Frank LaRose, Brown, Barack Obama, Republicans –, Dolan, Ohio Republicans –, Rob Portman, Mike DeWine, Kareem Elgazzar, hasn’t, , Bob Clegg, ” Trump, , J.D, Vance, Clegg, DeWine, wouldn’t, Paul Vernon, “ Matt, Chris Maloney, , ” Maloney, he’s, Bob Kish, There’s, CNN’s KFile, ” Kish, Bernie, Montana Sen, Jon Tester, they’ve, West Virginia Sen, Joe Manchin, Gaelen Morse, Ben Kindel, Besides Brown, didn’t, Bob Taft’s, Sherrod, ” Sen, Sherrod Brown, Julia Nikhinson, Hillary Clinton, won’t, ” CNN’s David Wright Organizations: CNN, Republican, GOP, Democratic, Senate, Trump, Republicans, Ohio Republicans, Ohio GOP, Warren County GOP adjourns, Green Beret, Club, Cleveland Indians, Cleveland Guardians, Central State University, AP, Buckeye State, Republican Party –, , West, PAC, Fund, Reuters, Democrat, Capitol Locations: Ohio, Warren County, Lebanon , Ohio, Mexico, Colombian, Wilberforce , Ohio, Montana, Trump, Columbus, Ohio’s suburbs,
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing automatic commissions, commonly of up to 6% of the purchase price. Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will thin, further driving down commission prices. "For years, anti-competitive rules in the real estate industry have financially harmed millions," said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the settlement's negotiators. "It's a bribe," Doug Miller, an attorney and longtime consumer advocate in the real estate industry, said of the commission-splitting arrangements.
Persons: Benjamin Brown, Cohen Milstein, Nykia Wright, Wright, , Doug Miller Organizations: National Association of Realtors, NAR, MLS
The National Association of Realtors announced a $418 million settlement to end antitrust lawsuits. Real estate stocks including Zillow and Redfin fell Friday after the announcement. AdvertisementShares of real estate companies plunged on Friday following an announcement from the National Association of Realtors that resolves a lawsuit with home-selling groups and effectively nixes the standard 6% commission for home purchases. As part of the settlement, the NAR has agreed to prevent sellers' brokers from determining the compensation for buyers' agents. AdvertisementTaken together the changes will rewrite the longstanding real estate business model which had sellers pay their broker and the buyer's broker.
Persons: Redfin, , Nykia Wright, Kevin Sears Organizations: National Association of Realtors, Service, NAR
The NAR, which represents more than 1 million Realtors, also agreed to put in place a set of new rules. One prevents sellers’ brokers from setting buyers’ agents’ compensation, which critics say led brokers to push more expensive properties on customers. Another new rule will require buyers’ brokers to enter into written agreements with their buyers. Realtors could now compete on commissions, allowing for prospective buyers to shop around on rates before they commit to buying a home. The association also faces scrutiny from the US Department of Justice, and it’s unclear whether this settlement with sellers will impact the government’s scrutiny of the brokerage industry.
Persons: , Kevin Sears, Nykia Wright, Homesellers, HomeServices, Wright Organizations: CNN, National Association of Realtors, NAR, Realtors, realtors, US Department of Justice Locations: Missouri, America, litigate
London — An Australian computer scientist who claims he invented bitcoin is not “Satoshi Nakamoto,” the pseudonymous inventor of the cryptocurrency, a judge at London’s High Court ruled on Thursday. Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym. The Crypto Open Patent Alliance (COPA) took Wright to court to stop him suing bitcoin developers, asking for a ruling that Wright was not Satoshi. Judge James Mellor said at the end of closing arguments on Thursday that the evidence Wright was not Satoshi was “overwhelming.”“Dr Wright is not the author of the Bitcoin white paper,” Mellor said. But he added: “Dr Wright’s conduct is also deadly serious.
Persons: London —, Satoshi Nakamoto, Craig Wright, Wright, Satoshi, James Mellor, ” “ Dr Wright, ” Mellor, “ Dr Wright, Jack, , , Dr Wright, Jonathan Hough, ” Hough, Dr Wright’s, Wright’s, Mellor Organizations: London, London’s, Alliance, COPA, Twitter Locations: Australian,
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