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CNN —A London appellate justice refused former President Donald Trump’s request to appeal the dismissal of his case against retired British spy Christopher Steele’s company over his controversial 2016 dossier. Steyn also ordered Trump to pay £300,000 in legal fees to Steele’s company, Orbis Business Intelligence, which Trump requested to be stayed. In his order Wednesday, Lord Justice Mark Warby said Trump’s “appeal would have no real prospect of success,” finding that some of the presumptive Republican presidential nominee’s arguments were contradictory and his appeal attempted to offer new points that he didn’t present before Steyn. The dossier claimed that Trump conspired with the Kremlin to win the 2016 election and that Russia had compromising information on him. While the dossier was initially seen as credible due to Steele’s reputation, a series of US government investigations and lawsuits over the years discredited many of the claims.
Persons: Donald Trump’s, Christopher Steele’s, Karen Steyn’s, Steele, , Steyn, Trump, Mark Warby, Trump’s, Jean Carroll, , ” Steele, , Donald Trump, CNN’s Kate Sullivan, Natasha Bertrand, Zahid Mahmood, Marshall Cohen, Catherine Nicholls Organizations: CNN, Orbis Business Intelligence, Republican, Trump, ” CNN, Kremlin Locations: London, British, York, Russia
Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."
Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings
OAKLAND, Calif. (AP) — A former correctional officer at a federal California women's prison known for numerous misconduct allegations was sentenced to six years in prison for sexually abusing five inmates, federal officials announced Wednesday. Nakie Nunley, who supervised inmates at the Federal Correctional Institution, Dublin, becomes the seventh correctional officer sentenced to prison for sexually abusing inmates, according to the U.S. Department of Justice. A 2022 investigation by The Associated Press revealed a cultural of rampant sexual abuse and cover-up at the prison. U.S. Deputy Attorney General Lisa Monaco said in a statement that Nunley “egregiously exploited” his power to abuse inmates and retaliate against those who spoke up. Nunley pleaded guilty last year to four counts of sexual abuse of a ward and five lesser felonies of abusive sexual contact of five women.
Persons: , Nakie Nunley, Lisa Monaco, egregiously, ” Monaco, Nunley Organizations: OAKLAND, Federal Correctional Institution, U.S . Department of Justice, Associated Press, Justice Department, Federal Bureau of Prisons Locations: Calif, California, Dublin, U.S, San Francisco
CNN —A London judge has ordered former President Donald Trump to pay six figures in legal fees to a company he sued over a controversial dossier that made unverified and salacious allegations about him, according to court documents released Thursday. After dismissing the former president’s case last month against retired British intelligence officer Christopher Steele and his company, Orbis Business Intelligence, Judge Karen Steyn has ordered Trump to pay £300,000 ($385,000) to the company, according to court documents. Steyn ultimately ordered Trump to pay less than 50% of Orbis Business Intelligence’s stated costs. CNN has reached out to Orbis Business Intelligence and the Trump campaign for comment. Trump also faces his own legal fees in the 91 charges he faces in four criminal cases.
Persons: Donald Trump, Christopher Steele, Karen Steyn, Trump, Steyn, Orbis Business Intelligence’s, Steele, Jean Carroll, CNN’s Michael Rios, Jonny Hallam, Kristen Holmes, Marshall Cohen, Zahid Mahmood Organizations: CNN, Orbis Business Intelligence, Trump, Orbis Business, Kremlin Locations: British, Russia, York
The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.
Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S
The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus. Tesla's stock slide has erased about $188 billion from its valuation this year, according to Business Insider's calculations. The stock closed at just under $192, leaving it worth just over $600 billion at the close of trading Friday. Before you start feeling too sorry for Musk, though, he's still worth $208 billion. Justin Sullivan/Getty ImagesDelaware pay rulingTo add insult to injury, a Delaware judge also ruled against Musk's $55 billion Tesla pay package last month.
Persons: , Elon Musk, Tesla, Seth Goldstein, Morningstar, Roth, Craig Irwin, Warren Buffett's Berkshire Hathaway, Eli Lilly, he's, He's, Elon, Justin Sullivan, Musk, rkbH7mKNw2, Fidelity, Axios, Starlink, Russia's Organizations: Service, Elon, SpaceX, Business, Big Tech, Microsoft, Apple, Nvidia, Meta, Tesla, EV, Bloomberg, Wall, Getty Images Delaware, Musk's, Lone Star, Twitter, Insider Intelligence, X Locations: Delaware, Tesla, Texas, Ukrainian, Chernihiv, Ukraine, Kyiv, Houston
Nvidia has been awarded the flagship status of companies leading the artificial intelligence revolution, and all eyes turn to fourth-quarter earnings after the bell Wednesday. The expectations are massive compared to the same quarter last year — and even compared to last quarter's earnings. The massive gains in price reflect this historic growth and the question is will the chart continue its rally following earnings? On Jan. 9 , I wrote about NVDA breaking through the 2023 resistance zone of $500 with targets of $650 in the first half of this year, and $775 in all of 2024. Expectations are for earnings of $4.59 per share vs 88 cents in Q4 of '23 and $4.02 in Q3 of '24.
Persons: It's, Eli Lilly, Elliott, Gordon, NVDA Organizations: Nvidia, UBS, Elliott, Tactical Alpha, Edge
Warning: Spoilers ahead for the first six episodes of "Love Is Blind" season six. Matthew leaves after Amber Desiree "AD" confronts him for saying the same things to her and another woman also named Amber. AdvertisementMatthew Duliba might be the most controversial contestant on "Love Is Blind" season six. AdvertisementWhile Matthew hasn't posted his "Love Is Blind" portrait on social media like virtually every other contestant this season, he has acknowledged the show subtly. Matthew Duliba/InstagramThe next three episodes of "Love Is Blind" season six air on February 21.
Persons: Matthew, Amber Desiree, Amber, he's, , Matthew Duliba, Sarah Ann, Smith, Amber Grant, it's, I've, Clay Gravesande, Matthew hasn't, there'd, Kenneth Gorham, Jimmy Presnell, Jeramey Lutinski, Jimmy, Ken, Mathew, Amber isn't Organizations: Service, Vanguard, New York Daily News Locations: America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn an unprecedented verdict on Tuesday, Jennifer Crumbley was found guilty for her son's 2021 rampage that left four of his Michigan classmates dead. And the verdict should put parents on alert that they, too, could be held criminally responsible for the heinous acts of their children who have easy access to guns. Prosecutors painted Jennifer Crumbley as an unaware and negligent mother who was consumed with an extramarital affair . Kris Brown, the president of Brady, a non-profit working to prevent gun violence, said that "irresponsible behavior" like that of Jennifer Crumbley "is why 76% of school shooters under the age of 18 get their firearms from home."
Persons: , Jennifer Crumbley, it's, Neama Rahmani, James Crumbley, Rahmani, Karen McDonald, Hana, Juliana, Justin Shilling, Madisyn Baldwin, Mark Bederow, Bederow, Jennifer Crumbley's, bode, Kris Brown, Brady, Brown Organizations: Service, Business, West, Prosecutors, Tate, Defense Locations: Michigan, America, United States, Oakland, Hana St, Manhattan
Former US President Donald Trump leaves Trump Tower for Manhattan federal court to attend his defamation trial in New York on January 26, 2024. Donald Trump's data protection lawsuit against a British private investigations firm over a dossier which alleged ties between Trump's campaign and Russia was thrown out by London's High Court on Thursday. Trump, the frontrunner for the 2024 Republican presidential nomination, had sued Orbis Business Intelligence about claims in a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. Orbis, however, argued that Trump brought the claim simply to address his "longstanding grievances" against the company and Steele. The London lawsuit is just one of many legal cases involving Trump, who faces four separate criminal prosecutions in the United States.
Persons: Donald Trump, Donald Trump's, Christopher Steele, Karen Steyn, Trump, Steele Organizations: Trump, London's, Orbis Business Intelligence, Orbis Locations: Manhattan, New York, Russia, British, U.S, London, United States
LONDON (AP) — A judge in London on Thursday threw out a lawsuit by former U.S. President Donald Trump accusing a former British spy of making “shocking and scandalous claims” that were false and harmed his reputation. Judge Karen Steyn said the case Trump filed against Orbis Business Intelligence should be dismissed. Photos You Should See View All 45 ImagesTrump sought damages from Orbis for allegedly violating British data protection laws. Tomlinson said the dossier “contained shocking and scandalous claims about the personal conduct of President Trump” and included allegations he paid bribes to Russian officials to further his business interests. Trump’s case “is that this personal data is egregiously inaccurate,” he said.
Persons: , Donald Trump, , Karen Steyn, Trump, Christopher Steele, Trump’s, Hugh Tomlinson, , Steele, Tomlinson, Trump ”, ” Trump, Orbis Organizations: U.S, Orbis Business Intelligence, Trump, Orbis, Secret Intelligence Service, BuzzFeed Locations: London, British, Russia, Moscow, St . Petersburg, Russian
LONDON CNN —A London judge has dismissed Donald Trump’s lawsuit against retired British spy Christopher Steele over his controversial 2016 dossier that contained unverified and salacious allegations about Trump’s ties to Russia. A judge from the London High Court dismissed the data privacy lawsuit against Steele and his company, Orbis Business Intelligence, according to local reports. Those uncorroborated claims first emerged in the so-called Steele dossier, which Steele secretly compiled on behalf of Trump’s political opponents in 2016, and became public after a media leak in early 2017. The memos claimed Trump conspired with the Kremlin to win in 2016 and that Russia had compromising information on him. Judge Karen Steyn said Thursday that Trump’s case lacked merit and should be thrown out.
Persons: Donald Trump’s, Christopher Steele, Steele, Trump, Karen Steyn, ” Steyn, , Antony White KC, , ” Steele Organizations: CNN, London High Court, Orbis Business Intelligence, Kremlin, Orbis, Republican Locations: British, Russia, BuzzFeed, Trump
That culture included "physical assaults and attacks by students of students," the lawsuit says. The teen's family says school district officials "knew or should have known" that attacks within their schools, specifically Central Regional High School, "were being recorded and posted to various social media sites by other students, contrary to School Board policy." AdvertisementThe lawsuit, which names the Central Board of Education, the Central Regional High School's principal and other school officials as defendants, alleges negligence and accuses them of failing to protect Kuch. "It is the defendants' job to provide a safe and secure environment for the students at Central Regional High School," Kuch family attorney William Krais said in a statement. "It's clear this school has a serious bullying problem that none of the school administrators care to admit or address.
Persons: , Adriana Kuch, Kuch, William Krais, Krais, catastrophically, Adriana, Michelle CarneyRay, Yoder, CarneyRay, Michael Kuch Organizations: Service, New, Business, of, New Jersey's, Regional High School, Central Regional High School, Board, Central Board of Education, Central Regional, Regional School, Educational Locations: New Jersey, Superior, of New Jersey, New
The end of workplace loyalty
  + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com   time to read: +16 min
Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.
Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, , it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business
The viral 12-3-30 workout is fine, but there are better ways to spend your exercise time. Rowing and rucking are easy ways to combine cardio with resistance training to build muscle. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The "12-3-30" workout, otherwise known as the "hot girl workout" is the zombie exercise trend that's trying to suck the life out of your gym sessions. You may not even need a full 30 minutes, since 15 minutes of rucking can be a great entry-level workout.
Persons: , I'm, , Rucking, Olga Pankova, rucking, Michael Easter, Noam Tamir, Thomas Barwick Organizations: Service, TS Fitness, New Locations: New York City
Elon Musk says he wants more control of Tesla before building up its AI capabilities. Musk said he was "uncomfortable" growing AI and robotics at the company without controlling 25%. He added he would prefer to "build products outside of Tesla" if he didn't have sufficient control. "Unless that is the case, I would prefer to build products outside of Tesla." AdvertisementLate last year Musk referred to Tesla as an "AI/robotics company" in response to an analyst calling the company "egregiously overvalued."
Persons: Elon Musk, Musk, , gunning, Tesla, He's Organizations: Service, Tesla, Business Locations: Tesla, Delaware
WASHINGTON (AP) — Rep. George Santos of New York is facing a critical vote to expel him from the House on Friday as lawmakers weigh whether his actions, fabrications and alleged lawbreaking warrant the chamber's most severe punishment. “I will not stand by quietly,” Santos declared on the House floor Thursday as lawmakers debated his removal. But some Republicans, including Santos' colleagues from New York, said voters will welcome lawmakers being held to a higher standard. In early March, the House Ethics Committee announced it was launching an investigation into Santos. ___Follow the AP's coverage of U.S. Rep. George Santos of New York at https://apnews.com/hub/george-santos.
Persons: — Rep, George Santos, Santos, , ” Santos, Mike Johnson, , Anthony D’Esposito, Clay Higgins, Higgins, Susan Wild, brazenly, ” Wild, “ Mr, Hakeem Jeffries, Marjorie Taylor Greene, “ George Santos, ” Jeffries, Farnoush Amiri, george, santos Organizations: WASHINGTON, , Third, Union, Republican, Republicans, Wall, Eastern, of New York, Prosecutors, Justice Department, Federal, Commission, Democratic, New York, Associated Press, U.S . Rep Locations: George Santos of New York, New York, Santos, U.S, lawbreaking, New, Georgia
The new completely AI-generated musician Anna Indiana was met with fierce backlash online. She's Anna Indiana, the first musician whose entire existence — from the image and singing to the music's chord progression, key, tempo, and lyrics — is claimed to have been generated by artificial intelligence, without human involvement. I’m Anna Indiana and I’m an AI singer-songwriter. Everything from the key, tempo, chord progression, melody notes, rhythm, lyrics, and my image and singing, is auto-generated using AI. Indiana's music is middling, but it's not egregiously unlistenable.
Persons: Anna Indiana, , Indiana, Here’s, ines, ong, lew, egan, ike, ould, witter Organizations: Service Locations: uman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market doesn't seem egregiously overvalued into 2024, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss the rally's staying power and more.
Persons: NYU's, Damodaran Organizations: NYU Stern School of Business
“Live Nation has egregiously stonewalled my Subcommittee’s inquiry into its abusive consumer practices—making the subpoena necessary,” said Sen. Richard Blumenthal, a Democrat, who chairs the subcommittee. Ticketmaster has drawn the ire of Congress since its botched handling of presale tickets for Taylor Swift’s Eras Tour. Pre-sale tickets for “The Eras Tour” frustrated Swift fans across the country in a debacle that stayed in the headlines for weeks. Lawmakers grilled a top executive of Live Nation in January in a three-hour hearing. “I want to congratulate and thank you for an absolutely stunning achievement,” Blumenthal said to Live Nation president and CFO Joe Berchtold during the January hearing.
Persons: Taylor Swift, Bruce Spingsteen, , Sen, Richard Blumenthal, Taylor, Swift, , couldn’t, ” Blumenthal, Joe Berchtold, ” Berchtold, concertgoers, – CNN’s Samantha Kelly, Jennifer Korn, Camila Bernal Organizations: New, New York CNN, Investigations, Nation, Ticketmaster, Democrat, Capital One, Live Nation, Democrats Locations: New York, Los Angeles
In a statement Monday, Blumenthal said, "Live Nation has egregiously stonewalled my Subcommittee's inquiry into its abusive consumer practices — making the subpoena necessary." A Senate investigative subcommittee on Monday said it has issued a subpoena to Live Nation Entertainment and its Ticketmaster subsidiary for information regarding ticket pricing and fees after a months-long probe that had not been previously announced. A Live Nation spokesperson, in an email to CNBC, said, "Live Nation has voluntarily worked with the Subcommittee from the start, providing extensive information and holding several meetings with staff." Live Nation, an event promoter, and the ticket vendor Ticketmaster now control 70% of the market for tickets and live event venues after their merger more than a decade ago. The Senate Judiciary Committee this summer held a hearing about Live Nation and the lack of competition in event ticketing's primary and secondary markets.
Persons: Blumenthal, Sen, Richard Blumenthal, Conn, Michael Rapino, we've, Taylor Swift, Bruce Springsteen, Rapino, Amy Klobuchar Organizations: Nation Entertainment, Ticketmaster, CNBC, Investigations, Committee, CNBC PRO
The logo and trading information for Live Nation Entertainment is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - Live Nation (LYV.N) and its subsidiary Ticketmaster is being sent a subpoena for documents regarding ticket pricing, fees and secondary sales, a U.S. Senate panel said on Monday. "Live Nation has egregiously stonewalled my Subcommittee’s inquiry into its abusive consumer practices — making the subpoena necessary," Senator Richard Blumenthal, Democratic chair of the U.S. Senate Permanent Subcommittee on Investigations, said in a statement. In a cover letter that accompanied the subpoena, Blumenthal said Live Nation had failed to fully comply with document requests sent in March. A Live Nation spokesperson said the company had provided "extensive information" to the subcommittee and met with staff several times.
Persons: Brendan McDermid, Taylor, Richard Blumenthal, Blumenthal, we’ve, Diane Bartz, Lisa Shumaker, David Gregorio Our Organizations: Live, New York Stock Exchange, REUTERS, Rights, Ticketmaster, U.S, Senate, hardball, Democratic, U.S . Senate, Investigations, Thomson Locations: New York, U.S
(AP) — A federal judge on Monday dismissed Brett Favre’s defamation lawsuit against fellow retired NFL player Shannon Sharpe, ruling that Sharpe used constitutionally protected speech on a sports broadcast when he criticized Favre's connection to a welfare misspending case in Mississippi. Discussion of Mississippi welfare spending on “Undisputed” took place after extensive news coverage about allegations of Mississippi's largest public corruption case. Favre is not facing criminal charges, but he is among more than three dozen people or businesses the state is suing to try to recover misspent welfare money. In addition to suing Sharpe, Favre filed defamation lawsuits earlier this year against White, the auditor, and sportscaster Pat McAfee, who is a former NFL punter. Favre has repaid $1.1 million he received for speaking fees from a nonprofit group that spent TANF money with approval from the Mississippi Department of Human Services.
Persons: JACKSON, Brett Favre’s, Shannon Sharpe, Sharpe, Favre's, Keith Starrett, Favre, , ” Favre, Skip, Shannon, , Shad White, Starrett, , ” Starrett, Michael Shemper, Pat McAfee, McAfee, White, Favre’s Organizations: , District, Pro Football Hall of Fame, Fox Sports, Mississippi Department of Human Services, Prosecutors, University of Southern, Twitter, Associated Press, White, NFL, McAfee, Favre, of Human Services Locations: Miss, Mississippi . U.S, Mississippi, U.S, University of Southern Mississippi, alma
The former intelligence officer also said: "Two of the named Russian sources have not been seen or heard of since." On the last day of his presidency, Trump declassified Steele's evidence and provided a copy of his testimony to a journalist, Steele said in his statement. "The publication of this document did serious damage to the U.S. government's Russian operations and their ability to recruit new Russian sources," Steele said. Steele also said in his witness statement that he believed Trump was "motivated by a personal vendetta against me and Orbis and a desire for revenge". In his witness statement, Trump said Ivanka was "completely irrelevant to this claim and any mention of her only serves to distract this court from (Orbis') and Mr Steele's reckless behavior".
Persons: Donald Trump, Shannon Stapleton, Steele, Trump, declassification, Donald Trump's, Christopher Steele, president's, Robert Mueller's, Mueller, Ivanka, Mr Steele, Sam Tobin, Emelia Sithole Organizations: U.S, Republican, REUTERS, London's, Trump, Orbis Business Intelligence, FBI, Thomson Locations: West Palm Beach , Florida, U.S, Russia, British
Trump, the frontrunner for the 2024 Republican presidential nomination, is suing Orbis Business Intelligence for alleged data protection breaches over a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. The Steele dossier, published by the BuzzFeed website in 2017, alleged ties between Trump's campaign and Russia and said Trump engaged in sexual behaviour that gave Russian authorities material with which to blackmail him. Orbis, however, argues that Trump is bringing the claim simply to address his "longstanding grievances" against the company and Steele. 'SHOCKING AND SCANDALOUS'Trump's lawyer Hugh Tomlinson told the court the former president wanted to prove that the "shocking and scandalous claims" in the Steele dossier were false. White said Trump only sued Orbis in London after a similar case brought in Florida against Orbis, Steele and others – including his Democratic opponent in the 2016 election, Hillary Clinton – was dismissed.
Persons: Donald Trump, Marco Bello, Christopher Steele, Trump, Steele, Hugh Tomlinson, Tomlinson, Antony White, White, Orbis, Hillary Clinton –, Jean Carroll, Letitia James, Trump's, Mikhail Fridman, Petr Aven, Karen Steyn, Sam Tobin, Ed Osmond, Christina Fincher, Rod Nickel Organizations: REUTERS, Trump, Orbis Business Intelligence, Orbis, Republican, Mr, Democratic, New, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, Moscow, St . Petersburg, Florida, New York
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