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☆ Shohei Ohtani's $700 million contract sparks concern about taxes on deferred income for high earners
▼ + stars: | 2024-01-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Japanese baseball player Shohei Ohtani attends a press conference on his presentation after signing a 10-year deal with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California, on Dec. 14, 2023. Roughly a month after Shohei Ohtani signed a $700 million contract with Major League Baseball's Los Angeles Dodgers, California's controller is calling for "immediate and decisive action" from Congress to limit deferred income for higher earners. The Japanese pitcher's record-breaking deal defers $680 million for 10 years and has raised questions about future state taxability — especially if Ohtani eventually leaves California. Deferring $68 million annually for 10 years could save Ohtani $98 million over the life of his contract, according to an estimate from the California Center for Jobs and the Economy. However, the estimate uses several assumptions, and the exact terms of Ohtani's contract are unknown.

Persons: Shohei Ohtani, Ohtani, Malia Cohen, Jan Organizations: Los Angeles Dodgers, Dodgers, Major League Baseball's Los Angeles Dodgers, Finance, California Center, Jobs Locations: Los Angeles , California, California

☆ Shohei Ohtani — deferring $680 million of his contract for 10 years — may face some financial risks, advisors say
▼ + stars: | 2023-12-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Shohei Ohtani, formerly of the Los Angeles Angels, pitches during a game in Anaheim, California, on July 6, 2021. Shohei Ohtani made history this week with a 10-year, $700 million contract to play for Major League Baseball's Los Angeles Dodgers. The Japanese superstar will receive $2 million per year over the 10-year agreement, which defers $68 million annually. But Ohtani will receive the bulk of his contract, $680 million in payments, between 2034 and 2043, without interest. For 2024, California's top tax rate climbs to 14.4%, which includes a 1.1% payroll tax on all income.

Persons: Shohei Ohtani, Ohtani, Bobby Bonilla, Ken Griffey, Eric Bronnenkant, Bronnenkant Organizations: Los Angeles Angels, Major League Baseball's Los Angeles Dodgers, MLB, Finance Locations: Anaheim , California, California

☆ Evergrande’s Hong Kong court ruling is big reprieve
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 4 (Reuters Breakingviews) - A Hong Kong court on Monday adjourned to next month a hearing over a petition for the liquidation of China Evergrande (3333.HK). It lobs the ball back to Beijing: the judge told Evergrande to hold direct discussion with “relevant authorities” on the revamped terms. Options are limited following the detention of the company’s Chair Hui Ka Yan in September on suspicion of unspecified crimes. It also defers a high-profile test on whether Hong Kong liquidation rulings over mainland companies would be implemented across the border more efficiently following the introduction of a limited mutual recognition pact in 2021. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Evergrande, Hui Ka Yan, Chan Ka, Neiman Marcus, Una Galani, Thomas Shum Organizations: Reuters, Hong, HK, X, Saks, Barclays, Thomson Locations: HONG KONG, Hong Kong, China, Beijing

☆ China adds Nio to list of approved vehicle manufactures - website
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - Electric vehicle maker Nio (9866.HK) has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website. The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis. U.S. luxury EV maker Lucid Group (LCID.O) has also been advised of the low likelihood for approval, sources have told Reuters. The last EV maker to receive both permits was Shandong-headquartered EV maker Sinogold in May 2019.

Persons: Bernadett Szabo, Nio, Cui Zhuzhu, Zhang Yan, Brenda Goh, Emelia Sithole Organizations: REUTERS, Rights, HK, Anhui Jianghuai Automobile, China Securities Journal, Tesla Inc, Reuters, Lucid, Sinogold, China Passenger Car Association, Thomson Locations: Biatorbagy, Hungary, Anhui, JAC's, Shanghai, China, Shandong

☆ China's Nio, Changan Auto to jointly develop battery-swapping EVs
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSHANGHAI, Nov 21 (Reuters) - Nio (9866.HK) said on Tuesday it would partner with Changan Automobile (000625.SZ) to develop battery-swapping electric vehicles, in an attempt by the loss-making Chinese EV maker to ease costs. The partnership will also see Nio and state-owned Changan on building and sharing battery-swapping stations and standardising batteries, Nio said in a statement to Reuters. Battery swapping allows drivers to replace depleted packs quickly with fully charged packs, rather than plugging the vehicle into a charging point. By Nov. 21, Nio had 2,113 battery swapping stations in China and nearly 1 million charging poles.

Persons: Annegret, Nio, Tesla, Zhang Yan, Brenda Goh, Christopher Cushing, Miral Organizations: REUTERS, Rights, HK, Changan Automobile, Reuters, China Passenger Car Association, Thomson Locations: Berlin, Germany, China, Beijing

☆ You could owe 0% capital gains tax for cryptocurrency in 2023. Here's what crypto investors need to know
▼ + stars: | 2023-11-17 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

STR | NurPhoto via Getty ImagesAs investors weigh year-end tax moves, there may be a lesser-known savings opportunity for certain cryptocurrency investors, experts say. After the crypto industry lost nearly $1.4 trillion in 2022, many investors leveraged tax loss harvesting, which uses losses to offset profits. But after a rally in 2023, you may consider strategically selling profitable crypto held in brokerage accounts, known as "tax gain harvesting." Investors "really ought to be paying attention" to tax-free opportunities to harvest crypto gains, according to Wheelwright. Still, the tax gain strategy allows you to sell at a gain and pay no tax, whereas "tax loss harvesting defers future tax," Gordon said.

Persons: Tom Wheelwright, Wheelwright, Andrew Gordon, Gordon, That's Organizations: Getty Images, Gordon Law Group, IRS

☆ 5 tips on how to buy property in a high-interest-rate environment from 5 real-estate investors who started with little or no money down
▼ + stars: | 2023-10-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

The average 30-year fixed mortgage rate hit a whopping 7.43% on Monday, a level unseen in the US in almost two decades. That same setup would cost $2,222 a month with today's mortgage rate. Regardless of which direction the pendulum swings, investors can still navigate their way through the housing market with a few tips. If a buyer were to purchase it today, with a 20% down payment, monthly mortgage costs would be $3,350, according to Insider's mortgage calculator. He then secured the remainder of $910,000 from a bank at an interest rate of 6.5%.

Persons: Sam Primm, Lucas Walls, Primm, there's, Sharon Tseung, Tseung, Chris Gerbig, couldn't, Gerbig, he's, Matthew Tortoriello, Tortoriello, Ana Snider Organizations: Primm, San Francisco Bay Area, MLS, Federal Housing Administration, Department of Veteran Affairs, Department of Agriculture Locations: Primm, San Francisco Bay, Jacksonville , Florida, Lemoore , California

On the heels of that decision, a federal appeals court invalidated a federal law that bars an individual who is subject to a domestic violence restraining order from possessing a firearm. A three-judge district court panel struck down the plan in January, saying that race had been the predominant motivating factor. Three years ago, the Supreme Court limited the independence of the CFPB by invalidating its leadership structure. The court’s decision could impact whether the SEC and other agencies can conduct enforcement proceedings in-house, using administrative courts staffed with agency employees, or whether such actions must be brought in federal court. “It’s difficult to think of any other recent First Amendment cases in which the stakes were so high,” Jaffer added.

Persons: Clarence Thomas, ”, Biden, Zackey Rahimi, John Roberts, Taiwan Scott, Thomas, Elizabeth Prelogar, Magnuson, Paul Clement, ” Clement, “, pare, George Jarkesy, Sackler, ” Prelogar, Jameel Jaffer, Jaffer Organizations: CNN, Gun Safety, South Carolina’s Republican, South Carolina State Conference of, NAACP, Democrat, Republican, National Marine Fisheries Service, Chevron, Natural Resources Defense, Stevens Fishery Conservation, Management, Independent, Consumer Financial, Federal Reserve, US, Federal Deposit Insurance Corporation, Securities, Exchange, US Securities and Exchange Commission, SEC, Social Security Administration, Circuit, Historic Purdue Pharma, Purdue Pharma, Sackler, Purdue, Facebook, YouTube, Columbia University’s Locations: United States, South Carolina, Alabama, Taiwan, Charleston County, Chevron, Florida, Texas

☆ Timeline: China Evergrande's worsening debt crisis
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +5 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. Here is a timeline of how Evergrande's debt crisis has unfolded:August, 2021Many Evergrande projects across the country halt construction due to overdue payments. November, 2022A mansion belonging to Evergrande's chairman in Hong Kong's prestigious The Peak residential enclave is seized by lender China Construction Bank (Asia). February, 2023An independent committee finds Evergrande's directors fell "below standards" through their involvement in diverting loans secured by unit Evergrande Property Services (6666.HK) to the group. July, 2023Evergrande posts a net loss of 476 billion yuan and 105.9 billion yuan for 2021 and 2022, respectively, versus a net profit of 8.1 billion yuan in 2020 when its operation was normal.

Persons: Aly, Evergrande, Hui, Clare Jim, Xie Yu, Roxanne Liu, Sumeet Chatterjee, Kim Coghill Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Bloomberg, China Construction Bank, Evergrande, Services, Administration of Financial, Life Insurance, Evergrande . Police, Financial Wealth Management, Thomson Locations: China, Shenzhen, Guangdong province, China's, Evergrande, Hong, Asia, Hong Kong, U.S

☆ China Evergrande defers scheme meeting to reassess terms of proposed restructuring
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 22 (Reuters) - China Evergrande (3333.HK) said on Friday it would not be conducting the scheme meeting scheduled on Sept. 25 and Sept. 26 as the embattled property developer considers it necessary to reassess the terms of the proposed restructuring. Evergrande on March 22 announced plans for the restructuring of its $22.7 billion in offshore debt. But since then, sales of the group has not been as expected by the company, it said. With more than $300 billion in total liabilities, including offshore debt, Evergrande has been at the centre of a property debt crisis, in which multiple Chinese developers defaulted over the past year, forcing many to enter debt restructuring talks.

Persons: Aly, Evergrande, Echha Jain, Shilpi Majumdar Organizations: China Evergrande Group, REUTERS, HK, Sunday, Thomson Locations: China, Shenzhen, Guangdong province, Hong Kong, Bengaluru

“I personally would like to see the inquiry happen (this) week,” the Georgia Republican told CNN. The two chambers are hundreds of billions dollars apart and divided over controversial social issues that House Republicans have tacked on to their spending bills. “I am against a continuing resolution in any form or fashion,” Gonzales told CNN. “There is a constitutional and legal test that you have to meet with evidence,” Johnson told CNN. If McCarthy again defers an impeachment vote, it could enrage the right.

Persons: Kevin McCarthy, Joe Biden, Marjorie Taylor Greene, Biden, “, capitulating, Donald Trump, McCarthy, Steve Womack, –, hasn’t, Tony Gonzales, Womack, “ McCarthy, Dusty Johnson of, “ He’s, I’ve, Anna Moneymaker, It’s, Ben Cline of, ”, ” Johnson, ” Gonzales, I’m, Gonzales, Bob Good, Al Drago, Greene, ” Greene, Ken Buck, don’t, Johnson, Sen, Marco Rubio, ” Rubio, West Virginia Republican Sen, Shelley Moore Capito, ” Capito, impeaching Biden, Trump, ” Rep, Dusty Johnson, Alex Brandon, Cline, Matt Gaetz, Gaetz, @aoc, eric, Lauren Boebert, defers, ” Womack Organizations: CNN, Federal Aviation Administration, GOP, Georgia Republican, “, Biden, Republicans, Dusty Johnson of South Dakota, ”, Building, Department of Justice, Caucus, Freedom Caucus, Senate, Senate Democrats, Fox Business, Republican, Bloomberg, Getty, House Republicans, –, Street Caucus, Florida Republican, West Virginia Republican, Capitol Locations: Washington, Ukraine, That’s, Arkansas, Tony Gonzales of Texas, Dusty Johnson of South, Washington , DC, Ben Cline of Virginia, Virginia, Ken Buck of Colorado, Florida, South Dakota, ”, Colorado

☆ Bad Real Estate Agents Are Costing Homebuyers Millions, Making Housing Market Worse
▼ + stars: | 2023-08-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

But lately, he's been having trouble squaring that passion with a growing problem: a glut of underqualified real-estate agents. "The general public deserves so much better than what the majority of real-estate agents provide." A threat to the industryThe vast majority of real-estate agents are independent contractors who rely on commissions. But despite the ease with which home shoppers can now browse homes online, buyers and sellers still see themselves as dependent on real-estate agents. And if those people don't have the ability to become a real-estate agent or a Realtor, then they lose their access to representation."

Persons: Bret Weinstein, he's, Weinstein, they're incentivized, It's, appraisers, they're, they'd, Lawrence Yun, Stephen Brobeck, Brobeck, Inman, that's, There's, Jessica Reinhardt, Reinhardt, bristled, who's, Reinhard, James Rodriguez Organizations: Realtors, Consumer Federation of America, National Association of Realtors, NAR, Consumers, CFA, Denver Metro Association of Realtors Locations: Denver, Texas, Massachusetts, Michigan, Pennsylvania

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs, sources say
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

The vote in Texas is being closely watched in the industry as it could drive similar moves in other states. Reuters reported last month that Texas planned to mandate EV charging companies to include Tesla's North American Charging Standard (NACS) standard if the companies wanted access to a program to electrify highways using federal funds. Washington state has talked about similar plans and Kentucky has mandated that EV charging companies include Tesla's plug. The rollout of the federal funds require charging companies to offer CCS. But plans to adopt Tesla's technology by Ford Motor (F.N) and General Motors (GM.N) have prompted a flurry of automakers and charging companies to embrace the technology.

Persons: let's, Abhirup Roy, Hyunjoo Jin, Sonali Paul Organizations: FRANCISCO, Reuters, U.S, EV, CCS, Ford Motor, General Motors, Thomson Locations: Texas, Washington, Kentucky, San Francisco

☆ Texas defers decision on EV charging funds amid industry pushback on Tesla plugs - sources
▼ + stars: | 2023-07-12 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

☆ A son died, his parents tried to sue. How U.S. courts protect Big Pharma
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +26 min

His parents soon started exploring a lawsuit against Merck, the developer of the blockbuster asthma and allergy drug, Singulair, along with the manufacturer of the generic version their son took. That meant Merck had written the warning label, with federal approval, on the generic version of Singulair that Nicholas England took. But his parents couldn’t sue Merck, either, because their son had never taken its name-brand version of Singulair. The generic drug manufacturer that made the pills England took, Teva Pharmaceuticals, did not respond to inquiries. Since Merck’s patent on Singulair expired in 2012, major generic drug manufacturers have sold millions of prescriptions under the drug’s scientific name, montelukast.

Persons: Nicholas England, Nicholas, Merck, ”, Jennifer England, Nicholas’s, ” Merck, Organon, “, George W, Bush, Daniel Troy, Troy, Medtronic, Nicholas England’s, Adam Zimmerman, ” Zimmerman, Jay Lefkowitz, Ellis, shouldn’t, Bayer, drugmaker Wyeth, Phenegran, Jan Gilpin’s, mumbling, ” Gilpin, ” “, hadn’t, Singulair, Gilpin, Stephane Bissonnette, suicidality, Dr, Judith Kramer, Duke, Robert England, Robert said, Kim Beck Organizations: Merck, U.S, Teva Pharmaceuticals, Reuters, U.S . Food, Drug Administration, FDA, Big, Corporate America, Corporations, Administration, ”, New, University of Southern California’s Gould School of Law, Norfolk, Union Pacific, Federal Railroad Safety, Pacific, GlaxoSmithKline, Monsanto, Bayer, Parent Locations: Virginia, England, U.S, New York, Kirkland, East Palestine , Ohio, Louisiana, Atlanta, Vermont, Wise , Virginia, Wisconsin

☆ Russia's war on Ukraine latest: France, Germany step up military aid to Ukraine
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +3 min

France said it will send dozens of armoured vehicles and light tanks, including the AMX-10RCs fighting vehicles, to Ukraine in the coming weeks. During the past 24 hours, Russian forces launched air strikes, along with missile, drone and heavy rocket attacks, on targets in Ukraine, it said. The Ukrainian air force also counted 17 striks on areas where Russian personnel and military equipment were concentrated. * A top Chinese envoy will begin a tour of Ukraine, Russia and other European cities on Monday in a trip Beijing says is aimed at discussing a "political settlement" to the Ukraine crisis. Li Hui, China's special representative for Eurasian affairs and former ambassador to Russia, will also visit Poland, France, Germany on the multi-day trip.

☆ Russia's war on Ukraine latest: Zelenskiy in Germany after meeting pope
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +3 min

May 14 (Reuters) - Ukrainian President Volodymyr Zelenskiy was in Germany early on Sunday as he seeks to shore up support from key allies against Russia's invasion of his country. FIGHTING* Ukrainian troops are advancing in two directions in the eastern city of Bakhmut, but the situation in the city centre is more complicated, deputy defence minister Hanna Malyar said on Saturday. * Russia's Defence Ministry said on Saturday that Ukrainian aircraft had struck two industrial sites in the Russian-held city of Luhansk in eastern Ukraine with Storm Shadow long-range cruise missiles supplied by Britain. * Germany on Saturday announced 2.7 billion euro ($3.0 billion) of military aid to Ukraine, its biggest such package since Russia's invasion, and pledged further support for Kyiv for as long as necessary. * The head of Russia's federal crime agency suggested on Saturday that key sectors of the economy should be returned to state ownership to support Moscow's war in Ukraine.

☆ Russia's war on Ukraine latest: Ukraine's Zelenskiy meets the pope
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +4 min

The Ukrainian leader, on a visit to Rome, also met Italy's leaders, who promised full military and financial backing for Ukraine and reiterated support for its EU membership bid. * South Africa's presidential security advisor said on Saturday the country was "actively non-aligned" in Russia's war against Ukraine, after U.S. allegations that it had supplied weapons to Moscow led to a diplomatic crisis this week. * A draft communique from a meeting of Group of Seven finance chiefs reiterated the group's condemnation of Russia's "illegal, unjustifiable, and unprovoked war of aggression" against Ukraine. INSIDE RUSSIA* The head of Russia's federal crime agency suggested on Saturday that key sectors of the economy should be returned to state ownership to support Moscow's war in Ukraine. * Police in the Russian city of St. Petersburg said on Friday they have created an anti-drone unit to detect unmanned aerial vehicles following a purported drone attack on the Kremlin this month.

Under the terms of the agreement, up to $4 billion in Turkish energy payments to Russia may be postponed until next year, both sources told Reuters under condition of anonymity. Turkey, which is preparing for elections on Sunday, depends heavily on energy imports and Russia is its largest supplier. The source said Turkey could push back further such payments in the coming months depending on the course of energy prices. The Russian and Turkish energy ministries, and their respective energy companies Gazprom and Botas, have not responded to requests for comment on the issue. Turkish Energy Minister Fatih Donmez said last week that Turkey and Moscow agreed a deal allowing Ankara to defer energy payments up to a certain amount, but did not give details.

☆ Elizabeth Warren leads cavalry into deal battles
▼ + stars: | 2023-03-07 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

It would be the third curious regulatory intervention in recent weeks, each encouraged by Democratic Senator Elizabeth Warren. In a September letter to Transportation Secretary Pete Buttigieg, Warren argued that the DOT should use its own tools, specifically in the Spirit situation. UnitedHealth (UNH.N) beat back a federal lawsuit against its plan to buy Change Healthcare; Facebook owner Meta Platforms (META.O) shrugged off an FTC attempt to stop its purchase of fitness app developer Within. JetBlue says it built time for a lawsuit into the Spirit merger agreement. As the senator charges up the competition cavalry, dealmakers may have to redraw their battle plans.

LONDON, Jan 4 (Reuters) - U.S. funds giant BlackRock (BLK.N) will defer third-quarter redemptions from its 3.5 billion pounds ($4.2 billion) BlackRock UK Property Fund, a source told Reuters, in the latest sign of strain in Britain's real estate market. BlackRock's UK property fund will defer withdrawals that were originally due to be paid at the end of December, a person familiar with the situation said, asking not to be named. As of November, funds overseeing around 17 billion pounds in UK real estate assets were restricting redemptions to prevent firesales. A spokesperson for Legal & General Investment Management said on Wednesday that its Managed Property Fund was no longer deferring redemptions. M&G, Columbia Threadneedle, Schroders and CBRE did not immediately confirm to Reuters whether redemption deferrals were still in place for their UK property funds.

☆ Special Report: Boy Scouts, Catholic dioceses find haven from sex abuse suits in bankruptcy
▼ + stars: | 2022-12-30 | by ( Kristina Cooke Mike Spector Benjamin Lesser Dan Levine Disha Raychaudhuri | Kristina Cooke | Mike Spector | ) www.reuters.com time to read: +19 min

The Boy Scouts, for instance, said on a website the group set up for restructuring that it launched a “comprehensive noticing campaign” in the media. He sought compensation in the Boy Scouts bankruptcy in June, long after a deadline of November 16, 2020 for filing claims. The Boy Scouts bankruptcy reorganization plan, approved by a judge in September, halts all lawsuits against the Boy Scouts, local councils, churches and other organizations that chartered scouting activities. His case was halted by the Boy Scouts bankruptcy. Later that year, in August, he filed his lawsuit against defendants including a Boy Scouts local council and DeSandre.

☆ Dozens of Washington Commanders employees hurt by ‘toxic work culture’ over 2 decades, House Oversight Committee finds
▼ + stars: | 2022-12-08 | by ( Antonio Planas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +7 min

Dozens of employees of the Washington Commanders were harmed for more than two decades because of a “toxic work culture” in which sexual harassment and bullying were pervasive, according to a scathing report released Thursday by the House Oversight Committee. The NFL and Washington Commanders were not immediately reached for comment Thursday afternoon. "Rather than address issues of workplace misconduct head on, the NFL has deferred responsibility to its clubs. The allegations were made by six former employees of the Washington, D.C., NFL franchise during a House Oversight Committee roundtable on toxic workplace culture. Representatives for the team, renamed the Commanders released a statement from Snyder on Thursday denying the allegations from the hearing.

☆ Biden's offer to talk to Putin is a trial balloon to end war in Ukraine
▼ + stars: | 2022-12-02 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

WASHINGTON, Dec 2 (Reuters) - President Joe Biden has floated a trial balloon to President Vladimir Putin to determine whether Russia, after months of battlefield losses and stalled gains, is ready to end its invasion of Ukraine. "I'm prepared to speak with Mr. Putin if in fact there is an interest in him deciding he's looking for a way to end the war. Where does he find himself in a position he does not, not only lose face but lose significant power in Russia," Biden said at a Democratic fundraiser in New York in October. Biden, who talks regularly to Ukraine President Volodomyr Zelenskiy, has previously been clear he defers to Ukraine's wishes. "There’s no — nothing about Ukraine without Ukraine," Biden said Nov. 14, when asked about possible negotiations.

☆ Biden trial balloon to Putin on Ukraine appears to quickly pop
▼ + stars: | 2022-12-02 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

WASHINGTON, Dec 2 (Reuters) - President Joe Biden floated a trial balloon to President Vladimir Putin intended to determine whether Russia, after months of battlefield losses and stalled gains, is ready to end its invasion of Ukraine. Biden and his national security advisers have wondered for months what it would take to entice Putin into a diplomatic off-ramp. Where does he find himself in a position he does not, not only lose face but lose significant power in Russia," Biden said at a Democratic fundraiser in New York in October. Biden, who talks regularly to Ukraine President Volodomyr Zelenskiy, has previously been clear he defers to Ukraine's wishes. "There’s no — nothing about Ukraine without Ukraine," Biden said Nov. 14, when asked about possible negotiations.

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