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Read previewThe accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names. Representatives for BF Borgers and Trump Media & Technology Group did not immediately respond to a request for comment from BI sent outside regular business hours. In November, Borgers' firm was also removed from the American Institute of Certified Public Accountants' peer review program. Trump Media shares had initially soared when it went public, only to crash by nearly 40% in a matter of weeks.
Persons: , Donald Trump's, Ben F Borgers, Ben F Brogers, Ben F orgers, Blake F Borgers, Ben F Vonesh, Borgers, Brown, WithumSmith, Trump, Forbes, Jean Carroll, he's, Stormy Daniels Organizations: Service, Financial Times, Public Company, Business, BF Borgers, Trump Media & Technology Group, BI, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media, New Locations: New York, Manhattan, Mar
CNN —A new glimpse inside Donald Trump’s inner circle shows how the ex-president’s men and women often confront a fateful dilemma under huge personal pressure. Butler’s comments are important because they foretell how he might testify in the federal classified documents trial that could be hugely damaging to Trump but that is increasingly unlikely to happen before Americans vote in the fall. Why ‘Trump Employee 5’ broke his silenceIt is too early to say whether Butler’s testimony would be decisive in the federal trial in the classified documents case. Walt Nauta, a Trump personal aide, and De Oliveira, who have not broken with the ex-president, have also denied wrongdoing. Cohen will be a key witness when Trump becomes the first ex-president to go on trial over a hush money case in New York later this month.
Persons: Donald Trump’s, Brian Butler, , hoarded, Butler, Trump, who’s, ” Butler, CNN’s Kaitlan Collins, , Mar, Carlos De Oliveira, Stephanie Grisham, Grisham, ” Grisham, CNN’s Erin Burnett, , Peter Navarro, Rudolph Giuliani, CNN’s Collins, Jim Sciutto, John Kelly, John Bolton, Adolf Hitler, , , Walt Nauta, De Oliveira, John Irving, Jack Smith, Andrew McCabe, Ryan Goodman, Burnett, Smith, Michael Cohen, Cohen, Cassidy Hutchinson, Mark Meadows, Hutchinson, she’s, Cassidy, ” Hutchinson, Joe Biden, Robert Hur, Hur Organizations: CNN, Trump, “ Trump, West Palm Beach, FBI, White, White House, Capitol, New York, Republican, ‘ Trump, Mar, , New York University, Republicans, CBS, GOP Locations: Florida, West Palm, New Jersey, Lago, New York
Classified documents were found in a damaged cardboard box in President Joe Biden's cluttered Delaware garage, near where golf clubs hung on the wall. Trump, on the other hand, is scheduled to stand trial on charges alleging he hoarded classified documents at his Florida estate and thwarted government efforts to get them back. At look at the similarities and differences between the Biden and Trump investigations:WHAT KINDS OF DOCUMENTS ARE WE TALKING ABOUT? Trump is accused of not only hoarding classified documents at Mar-a-Lago, but trying to hide them from investigators and working to block the government from clawing them back. “Most notably, after being given multiple chances to return classified documents and avoid prosecution, Mr. Trump allegedly did the opposite,” the report said.
Persons: Joe Biden's, Donald Trump's, Robert Hur, Biden, Trump, Jack Smith, ! ” Biden, Hur, Barack Obama, Obama, Investigators, ” TRUMP, HUR, BIDEN, , , Virginia —, It's, accidently, , Biden —, Walt Nauta, Carlos De Oliveira, ____ Richer Organizations: Maryland, Trump, Biden, BIDEN, FBI, Prosecutors, House, Mar, Penn Biden Center, University of Delaware, Justice Department Locations: Delaware, U.S, Florida, Afghanistan, Biden's Delaware, Mar, Virginia, willfulness, clawing, Bedminster, Lago, Boston
Of course, the volatility outlook can change on a dime but, the VIX under 13 reveals that option traders are not worried about the S & P 500 any time soon. The Trade I want to participate in more upside for the S & P 500 anticipating 5,100 to trade before 4,900. I will define my risk as the S & P 500 just popped into overbought territory when viewed through a RSI (Relative Strength Index) perspective. To reduce the cost of simply being long an at-the-money SPDR S & P 500 Trust call, I want to buy a call spread. This is calculated by adding the $4.30 (net cost) of the spread to the lower strike price of this call spread, $500.
Organizations: U.S ., JPMorgan
Read previewCash-hungry entertainment studios are back in the content licensing game, sending their valuable shows like HBO's "Sex and the City" and Disney's "Grey's Anatomy" back to Netflix. Licensing has historically been a mainstay of entertainment companies, except for a brief period when many hoarded content while they built up their own streaming services. "It's the future," said Dan Cohen, the chief content licensing officer at Paramount. Netflix and other entertainment companies that sought full ownership of content as they built up their streaming services are now becoming more agnostic about it. But, for now, the major entertainment companies don't have much of a choice.
Persons: , Mike Pears, Pears, Jessica Reif Ehrlich, Dan Cohen, Reif Ehrlich, Mitch Metcalf, Metcalf, Meeka Bondy, Perkins, John Hodulik, Tim Nollen, Netflix's, it's, Nollen Organizations: Service, Netflix, Business, AMC, Apple, Warner Bros . Discovery, Paramount, Bank of America, ABC, NBC, Metcalf Entertainment Intelligence, UBS, CBS, Macquarie, Hulu
Some around Biden agree Manchin may have a point in how to make the pitch. As Biden tries to assert the success of his presidency, Manchin says he shaped “everything” in the president’s agenda. “It’s been far less organized than he expected it to be” and “he doesn’t see a plan coming together,” a person familiar with Hogan’s thinking told CNN. “No matter what side of the fence you might be on, where you are for philosophically, we learned to navigate that,” he told CNN. Several anti-Trump Republicans who listened to Manchin’s speech told CNN they were happy to hear him.
Persons: CNN — Sen, Joe Manchin, Privately, Joe Biden, Donald Trump, Manchin, there’s, Vermont Sen, Bernie Sanders, Biden, Sanders, hadn’t, ” Manchin, , Trump, “ He’s, Larry Hogan, , “ It’s, , hasn’t, Connecticut Sen, Joe Lieberman, Pat McCrory, Mark Penn, Nancy Jacobson, Ryan Clancy, Chris Christie, Heather Bresch, Bresch, Tom Reed, ” Reed, Bernie Sanders Manchin’s, codifying Roe, Wade, Roe, Machin, Saint Anselm Organizations: CNN, West Virginia Democrat, Biden, Trump, Democratic, Trump Republicans, Senate, White House, Washington, Democrat, Republican, North Carolina Gov, White, Representatives, Justice Department, New, New York Rep, Manchin, Saint Anselm College Locations: New Hampshire, South Carolina, Georgia, Vermont, Maryland, Dallas, Connecticut, North Dakota , New York , Florida , Texas, Hawaii, New Jersey, Manchin’s New Hampshire, Texas, Manchester, Washington, Saint, Unfazed
It’s a decline not seen around the rest of the developed world, where higher education is expanding. Provide universal low-cost child careFrom my vantage point, the single highest barrier to Millennial economic stability is child care. The reasons behind that are complex, but cost is certainly among them: The United States has some of the highest child care costs in the world. Affordable, high-quality, universal child care helps mothers, and particularly low-income mothers, to stay in the workforce, which pays dividends for their families. Child care programs help to prepare kids for school and may keep them more active and socially engaged.
Persons: Jill Filipovic, CNN —, haven’t, We’ve, , Z, Gen Zers, isn’t, Millennials, Organizations: Twitter, CNN, Boomers, American Boomers, Ivy League, OECD Locations: New York, Europe, States, tony
In the 28 years we lived together, my boyfriend and I never spent Christmas together. In the 28 years I lived with my long-term boyfriend, we never spent a Christmas together. I didn't want my parents to spend Christmas aloneAfter my parents moved to from Oklahoma to North Carolina, I spent that first Christmas with them, telling myself it was to help them acclimate to their new home. AdvertisementHe and I went our separate ways, but it wasn't because we never spent Christmas together. I sometimes wish, when I think late at night of our life together, that we had spent at least one little Christmas together.
Persons: didn't, , I'd, Eve, Santa Claus, frailty, would've Organizations: Service Locations: North Carolina, Texas, Oklahoma, Santa
ATLANTA (AP) — The Southeastern Conference is the only league to claim a spot — sometimes two spots — in every College Football Playoff. 1 Georgia in the SEC championship game Saturday. The Pac-12 appears assured of a playoff team in its swan song of a season with No. Should Texas win — and Alabama beat Georgia — the Horns would certainly have a pretty good case for a playoff spot. “I’ll also point candidly to the realities when the SEC teams have entered the College Football Playoff format, our success is unparalleled,” Sankey said.
Persons: , SEC hasn't, Nick Saban, ” Saban, , we’d, FanDuel, Greg Sankey, ” Sankey, we’ve, Kirby Smart, , “ I’ll, ___ Organizations: ATLANTA, Southeastern Conference, College Football, SEC, Alabama, Crimson Tide, Bulldogs, Big, Wolverines, Washington, Florida State, Seminoles, Atlantic Coast Conference, Georgia, Oklahoma State, Texas, Power, eventual, Ohio State, College, AP Locations: Georgia, Atlanta, Michigan, Iowa, Oregon, Louisville, Alabama, Texas
Another off-year election, another good night for Democrats – a rejoinder to a spate of recent polls showing alarming 2024 prospects for President Joe Biden. In Election Day’s marquee contests – the Kentucky gubernatorial race, Virginia’s legislative elections and a pro-abortion-rights ballot measure in Ohio – Democrats notched victories. Beyond that, “the real test was Trump’s ability to move voters in a state race,” Cross says. Tate Reeves won a second term – though the race was relatively close for a deep red state. In the secretary of state race, incumbent Michael Watson, a Republican, outran Reeves by more than 8 points in defeating Democrat Ty Pinkins.
Persons: Democrats –, Joe Biden, Andy Beshear, Daniel Cameron, Kentucky’s, Beshear, Biden, Cameron, Glenn Youngkin, , Roe, Wade, Beshear’s, Al Cross, Cross, “ I’m, Rich Meagher, Youngkin, , Paul Beck, Daniel McCaffery, Carolyn Carluccio, Larry Ceisler, Micah Rasmussen, Rider, , Tate Reeves, Democrat Brandon Presley, Elvis Presley, Reeves, Democrat hasn’t, Presley, Jim Hood, “ Reeves, Steve Rozman, Donald Trump’s, Reeves “, ” Rozman, Republican Russell Coleman, Pamela Stevenson, Michael Adams –, Buddy Wheatley, Lynn Fitch, Democrat Greta Kemp Martin, Michael Watson, outran Reeves, Ty Pinkins, Mark Brewer Organizations: Democrats, Kentucky gubernatorial, Democratic, Republican, GOP, University of Kentucky’s Institute for Rural Journalism, Macon College, Senate, Republicans, Ohio State University, Rebovich Institute for New, Democrat, Public Service Commission, Mississippi, College, University of Maine Locations: Ohio, Kentucky, In Virginia, Letcher, Perry County, Hazard, Breathitt County, Jackson, Virginia, Randolph, Pennsylvania, Philadelphia, , New Jersey, Jersey, Rebovich Institute for New Jersey, Mississippi, Maine
Steve Beshear – faces Republican Attorney General Daniel Cameron, a protege of Senate Minority Leader Mitch McConnell. In Mississippi, Republican Lynn Fitch is seeking a second term against Greta Kemp Martin, the litigation director of Disability Rights Mississippi. Democratic attorney Lindsey Cheek won the other runoff slot by taking 23% of the all-party primary vote. In Mississippi, Republican incumbent Michael Watson is seeking a second term and should easily defeat Democrat Ty Pinkins. She will face Democratic attorney, accountant, and small business owner Gwen Collins-Greenup, who finished second in the primary.
Persons: — it’s, Kentuckians, Andy Beshear, Jeff Landry, Beshear, Steve Beshear –, Daniel Cameron, Mitch McConnell, Kentucky’s, He’s, Cameron, Tate Reeves, Brandon Presley, Elvis Presley, Presley, Reeves, Democrat hasn’t, Jim Hood, Glenn Youngkin’s, Winsome Sears, Youngkin, Phil Murphy, Democratic Sen, Robert Menendez, Joe Biden, Max Baer, Carolyn Carluccio, Daniel McCaffery, Donald Trump, wouldn’t, Roe, Wade, Ohio’s, Sen, Bernie Sanders of, Janet Mills, Russell Coleman, McConnell, Pamela Stevenson, Republican Lynn Fitch, Greta Kemp Martin, Fitch, Liz Murrill, Landry, Lindsey Cheek, Michael Adams, Buddy Wheatley, Adams, Michael Watson, Ty Pinkins, Shuwaski Young, Young, Kyle Ardoin, Nancy Landry, Gwen Collins, Greenup Organizations: Democratic Gov, Democratic, Republican, Gubernatorial, Gov, Lean Democratic, Republican Gov, Public Service Commission, Democrat, Mississippi, Public, Impact Research, Lean Republican, State Legislative, Virginia, GOP, Senate, Republicans, House, George Mason University, Assembly, , New Jersey Republicans, Pleas, Superior Court, Ohio, Sierra Club, AFL, of Commerce, Avangrid Inc, Trump, Air Force, Disability Rights Mississippi, State, Iraq Locations: Mississippi, Virginia, Republican . New Jersey, Garden, Pennsylvania, Ohio, Maine, In Kentucky, Republican Mississippi, U.S, Northern Virginia, Richmond, Hampton Roads, Washington, New Jersey, , New Jersey, Montgomery County, In Ohio, Bernie Sanders of Vermont, Massachusetts, Texas, Kentucky, Louisiana, State Kentucky, In Mississippi
HELSINKI (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The company said it is aiming to slash 800 million euros ($843 billion) to 1.2 billion euros in costs by the end of 2026. That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three-month period last year. The company’s biggest unit by revenue — the mobile networks business — declined 24% to 2.16 billion euros, driven mainly by weakness in the North American market.
Persons: it's, Pekka Lundmark, Lundmark, China’s, ” Lundmark, Organizations: HELSINKI, — Telecom, Nokia, Ericsson, China’s Huawei, South, Samsung, , North, North America nosedived Locations: Finnish, North American, North America, India
For decades, the nation has been roiled by hyperinflation, sky-high interest rates, a growing mountain of debt, a string of sovereign defaults, and a cratering exchange rate. Rampant inflation has ravaged Argentina's currency over the years, wiping out much of its value against the dollar and ruining its appeal to consumers. The coveted bucks from the back alleys of Buenos Aires have their own price, even their own name: dólar blue, or the "blue dollar." AdvertisementAdvertisementUp 60,000% and going strongThe dollar's unofficial exchange rate smashed above 1,000 pesos for the first time last week, to hit levels almost three times as high as the official rate. That would almost certainly mean the blue dollar surging to new highs.
Persons: , It's, Javier Milei, Manuel Cortina Organizations: Service, Spain's Santander Group, Cato Institute, Local, Argentine, Monetary Fund, BBVA Locations: Argentina, Buenos Aires, bluedollar.net, American, Brazil, Argentine, Spanish
The bulk of the Trump PAC money went to law firms that have defended Trump against a series of criminal charges or in civil lawsuits. “Well, if the little fish’s lawyer is being paid by the big fish that’s less likely to happen potentially.”The Trump campaign did not respond to a request for comment. That money is earmarked for political and campaign activities, not for legal expenses, according to the campaign. To help pay the legal fees, Trump’s political operation has also moved millions from his super PAC, MAGA Inc. Those concerns are amplified in court records filed by Smith’s team in the Mar-a-Lago case.
Persons: — Donald Trump’s, Trump, , Randall Eliason, he’s, Letitia James ’, James, schemed, , it’s, Anthony Michael Kreis, Donald Trump, Robert Lee, wasn’t Trump, Lee, Alina Habba, Christopher Kise, James ’, Habba Madaio, Habba, Jean Carroll, Mary Trump, Kise, Foley, Lardner, Chris Kise, Ron DeSantis, Sen, Rick Scott, Coleman, Ciara Torres, Jack Smith, ” Torres, Spelliscy, Joe Biden, Saurav Ghosh, don’t, ” Ghosh, Donald J, Smith, Carlos De Oliveira, De Oliveira, He’s, Walt Nauta, John Irving of, Brand, Stanley Woodward, Woodward, Mark Meadows, Dawn Smelcer, ” he’s, Eric Tucker, Jill Colvin Organizations: WASHINGTON, Commission, Associated, Save, Republican National Committee, Democratic National Committee, National Republican Senatorial, Trump PAC, Trump, White, George Washington University Law School, MAGA Inc, Georgia State University, Associates, Save America, New York Times, PAC, Republican, Florida Gov, Continental, Stetson University College of Law, Justice Department, Justice, Republicans, Democrats, GOP, Democratic, Legal, Smith’s, FBI, John Irving of Earth & Water Law, Brand Woodward Law, Prosecutors, AP, Associated Press Locations: New York, Georgia, Fulton, Lago, Florida, Boca Raton , Florida, Washington ,, Bedminster , New Jersey, York, West Palm Beach , Florida, Save America, Fayetteville , North Carolina, Washington
“With President Trump back in office, Israel, and everyone else, will be safe again!” he said. Trump’s original grievance-based analysis reflects a transactional, unorthodox approach to foreign policy that often prioritizes his own personal goals over a standard understanding of the national interest. Trump’s comments were not the first time he has appeared to seek a political benefit from his foreign policy and his positions on Israel especially. They also show Trump’s quintessential contempt for the rules of politics, foreign policy and even basic human decency, which explain why he horrifies many Americans and foreign governments. “He’s simply not expressing, and his imitators in his primary, are not expressing the same muscular American foreign policy that we lived out every day,” Pence said on a local New Hampshire radio.
Persons: Donald Trump’s, Trump, Benjamin Netanyahu, he’d, they’d, Netanyahu, Qasem Soleimani, , he’s, , Chris Christie, ” Christie, , Israel ”, Joe Biden, Biden, Netanyahu –, Critics, Netanyahu Trump, America’s, ” Trump, Trump’s, nobody’s, Xi Jinping, Kim Jong, Vladimir Putin –, Putin, Israel, Soleimani, “ I’ll, Bibi Netanyahu, pounced, Ron DeSantis, “ Now’s, Donald Trump, ” DeSantis, Mike Pence, Pence, “ He’s, ” Pence Organizations: CNN, Israeli, Republican, Trump, GOP, New, New Jersey Gov, , Fox News, Ukraine –, Putin, ABC News, Florida Gov Locations: Israel, American, Iraq, Lebanese, New Jersey, Gaza, Iran, Islamic Republic, Tel Aviv, Jerusalem, U.S, Florida, Korean, Ukraine, Helsinki, Russia, Lago, Australian, New Hampshire
FORT PIERCE, Fla. (AP) — A judge on Thursday scolded federal prosecutors in the classified documents case against former President Donald Trump as she abruptly postponed a hearing to determine if the lawyer for a co-defendant had a conflict of interest. U.S. District Judge Aileen Cannon accused prosecutors of “wasting the court's time” by raising new arguments that they had not made in earlier court filings. She said she would set a hearing for a later date for Walt Nauta, a Trump valet charged with conspiring with Trump to conceal classified documents from investigators. Both men were charged alongside Trump with obstructing government efforts to recover classified documents hoarded at Mar-a-Lago, the former president's Florida estate. De Oliveira is accused of lying to investigators when he claimed — falsely, prosecutors say — he hadn’t even seen boxes moved into Mar-a-Lago after Trump left the White House.
Persons: , Donald Trump, Aileen Cannon, Walt Nauta, Trump, Jack Smith’s, Carlos De Oliveira, De Oliveira, John Irving, Cannon, Irving, Nauta, incriminated Trump, Woodward, ___ Tucker Organizations: Trump, Prosecutors, U.S, White, FBI, Justice Department, Department Locations: PIERCE, Fla, U.S, Mar, Florida, Washington
Cramer has referred to this block of Nasdaq Composite stocks as his Magnificent Seven, and they include Apple, Amazon, Meta, Alphabet, Nvidia, Tesla and Microsoft. "You need the Magnificent Seven, and then the rest." To Cramer, few companies have the balance sheets and product demand to withstand the bond market competition. The Magnificent Seven stocks aren't hurting for money, he said, and are actually "coining a fortune with their considerable cash hoards." When the bond market calms down, he said, these companies will be recognized for their solvency.
Persons: CNBC's Jim Cramer, Cramer Organizations: Nasdaq, Apple, Nvidia, Tesla, Microsoft
CNN —Donald Trump will skip another Republican presidential debate on Wednesday night because no one will punish him for not being there. While getting away with it is the ex-president’s quintessential political skill, his talent for evading consequences is facing a grave challenge in another sphere – the courts. Since the first GOP debate last month in Wisconsin, Florida Gov. Yet it stirred barely a murmur from Trump’s GOP rivals. The ex-president’s political might within the GOP base means its leaders are loath to cross him.
Persons: Donald Trump, Trump, He’s, he’s, Ronald Reagan, specter, Ron DeSantis ’, Nikki Haley, Chris Christie, Asa Hutchinson, , Haley, they’ve, Mike Pence, Trump’s, Cassidy Hutchinson, Mark Meadows, marveled, CNN’s Jake Tapper, “ Donald Trump, can’t, ” Hutchinson, Tapper, , Mark Milley, he’d, Eric, Donald Jr, Jack Smith, Democratic Sen, Robert Menendez, Arizona Sen, Jeff Flake, Liz Cheney, Utah Sen, Mitt Romney –, Matt Gaetz, Marjorie Taylor Greene, Kevin McCarthy, McCarthy, Rudolph Giuliani, Meadows, ” Trump, Trump shrewdly Organizations: CNN, Trump Organization, Republican Party, GOP, Trump, Ronald Reagan Presidential Library, Florida Gov, South Carolina Gov, New, New Jersey Gov, Arkansas Gov, White House, Joint Chiefs of Staff, Justice Department, MSNBC, Democratic, Republican, Wyoming, Georgia, White, Trump –, goading, Former New York Locations: Detroit, York, Wisconsin, Florida, New Jersey, Trump, New York, Washington, DC, Mar, Arizona, Utah
But the challenge facing Fulton County Judge Scott McAfee in Georgia is unlike any of the others. For one, he is the only judge so far to allow television cameras in the courtroom to broadcast hearings and any trials. And the trials will play out in a battleground state that Trump narrowly lost in 2020. But the experience of some judges who have been thrust into the public eye point to potential pitfalls and dangers ahead for the 34-year-old Georgia native. “Hopefully, you have a life outside the law,” Cahill said during his talk in Reno about handling high-profile cases.
Persons: Peter Cahill, Derek Chauvin, George Floyd, you’re, , Donald Trump, Scott McAfee, Rudy Giuliani, Mark Meadows, McAfee, Aileen Cannon, Reggie Walton, Lewis ” Scooter, Libby, Dick Cheney, Roger Clemens, , Lance Ito, Simpson, Critics, Jay Leno ”, Elizabeth Scherer, Nikolas Cruz, Cruz, Scherer, Eric Davis, Tanya Chutkan, Ito, Judy, he's, Han Chung, Chung, Trump's, E, Susan Garsh, Aaron Hernandez, ” Garsh, Fani Willis, Trump, Willis, — Chutkan, Barack Obama, Juan Manuel Merchan, Merchan, Chutkan, Brian Kemp, Kemp, ” Cahill Organizations: ATLANTA, Minnesota, National Judicial College, New York, Trump White House, Trump, Georgia, Senior, Associated Press, Los Angeles Superior, Delaware, Systems, Fox News, American Bar Association, U.S, New Yorker, McAfee, Massachusetts, New England Patriots, AP, Patriots, University of Georgia, Republican, Federalist Society, Emory University, Georgia Aquarium Locations: Minneapolis, Reno , Nevada, Fulton, Georgia, U.S, Florida, Los, Parkland, Washington, Fulton County, Gwinnett County, Reno
[1/2] A South Korea won note is seen in this illustration photo May 31, 2017. South Korean companies repatriated a record $33.13 billion of overseas earnings during the January-July period, 6.3 times the amount a year earlier, central bank data on current account balances showed. "The coming home of earnings retained abroad has been a big help for the won," a government official in charge of foreign exchange market said, asking not to be named due to internal policy. The automaker said on June 12 it plans to invest 7.8 trillion won ($5.82 billion) of retained earnings from overseas operations this year in electric car factories at home. The surge in repatriation also comes ahead of trading reforms planned for next year, when South Korea will extend onshore trading hours until 2 a.m. to improve access for foreign investors.
Persons: Thomas White, Yoon Suk, Hong Sung, kook, Min Gyeong, 1,340.7400, Jihoon Lee, Cynthia Kim, Joyce Lee, Heekyong Yang, Vidya Ranganathan Organizations: South, REUTERS, Rights, Samsung Electronics, Hyundai Motor, Kia Corp, Reuters Graphics Bank of Korea, Woori Bank, Hyundai, Hyundai Motor Group, Shinhan Bank, Yena, Thomson Locations: South Korea, Rights SEOUL, Korea
Over the course of three conversations this summer, Acemoglu told me he's worried we're currently hurtling down a road that will end in catastrophe. "There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "I was following the canon of economic models, and in all of these models, technological change is the main mover of GDP per capita and wages," Acemoglu told me. In later empirical work, Acemoglu and Restrepo showed that that was exactly what had happened. "I realize this is a very, very tall order," Acemoglu told me.
Persons: who's, Katya Klinova, Daron Acemoglu, Simon Johnson, Acemoglu, Johnson, we've, he's, we're, Power, James Robinson, , Robinson, David Autor, Pascual Restrepo, Restrepo, John Maynard Keynes, Simon Simard, Lord Byron, Eric Van Den Brulle, hasn't, it's, Gita Gopinath, Paul Romer, Romer, What's, Daron, GPT, Asu Ozdaglar, It's, Mark Madeo, Tattong, Erik Brynjolfsson, Brynjolfsson, There's, Yoshua Bengio, Yuval Noah Harari, Andrew Yang, Elon Musk, I've, That's, Aki Ito Organizations: Getty, MIT, of Technology, Hulton, London School of Economics, Stagecoach, Technology, , International Monetary Fund, Microsoft, Asu, Companies, Computer, Greenpeace, Communications, Big Tech, Workers Locations: Silicon Valley, America, Boston, Istanbul, Turkey, Acemoglu, England, United States, Britain, Australia
These revelations have shaken the staid museum world and raised important questions about security, record keeping and funding priorities. The British Museum must use this scandal as an opportunity to update the dusty notion of the so-called universal museum — rethinking how these institutions can exist in a 21st-century world where the sharing and blending of cultures has never been more crucial. Rather than resisting calls to repatriate contested objects in their collections, museums should be transparent about their holdings and how they were acquired. They should embark on a campaign of generous, long-term loans that allows objects to circulate freely across borders. This is an opportunity to radically reimagine the mission and purpose of the universal museum — places like the Metropolitan Museum, the Louvre, the Prado and the British Museum — and what they owe to the world.
Persons: Prado Organizations: British, Metropolitan Museum, British Museum —
AdvertisementAdvertisementI've seen more than a few bad managers in my over 40 years of business, leadership, and consulting — including as the Vice President of HR at Microsoft. Whether it's driven by ego or panic, bad managers are always worried about how they appear to others. Afraid of upsetting the team, the bad manager hides bad news they learn from above or around them. These teams rarely outperform, but you'd never know that from the limited available information — information hoarded jealously by their bad manager. Managers like this are famous — for the wrong reasonsWith this array of common traits, bad managers often become famous within the organization.
Persons: Chris Williams, Williams, you'd Organizations: Microsoft, Smart
AdvertisementAdvertisementI've seen more than a few bad managers in my over 40 years of business, leadership, and consulting — including as the vice president of HR at Microsoft. Self-centeredThe most common trait I've seen in bad managers is a relentless focus on themselves. Whether it's driven by ego or panic, bad managers are always worried about how they appear to others. These teams rarely outperform, but you'd never know that from the limited available information — information hoarded jealously by their bad manager. Managers like this are famous — for the wrong reasonsWith this array of common traits, bad managers often become famous within the organization.
Persons: Chris Williams, Williams, you'd Organizations: Microsoft, Smart
Almost as soon as Trump left Atlanta after surrendering at the Fulton County jail Thursday, his team began to monetize his mug shot. Meadows to provide first major test of Georgia caseThe hearing in Georgia that could yield major revelations does not involve Trump directly, but rather Meadows. Meadows and Trump are among 19 co-defendants in a vast racketeering case built by Willis. Extensive pre-trial litigation in the Georgia case could also end up frustrating attempts by Willis, who initially sought a March 2024 trial date, to bring the case before the 2024 election. Trump’s attorneys are also arguing that Smith’s proposed timeline for the trial would conflict with other criminal and civil cases in which the former president is embroiled.
Persons: Donald Trump, Fani Willis, Mark Meadows, George Conway, Meadows, Tanya Chutkan, Jack Smith, Trump’s, Joe Biden, Smith, Trump, Biden, , Willis ., Brad Raffensperger, Willis, Chris Christie, , ” Christie, Jamie Raskin, ” Raskin, CNN’s Dana, , Raskin, Chutkan, Smith’s Organizations: CNN, Republican, Trump, White House, Atlanta, Biden, Former New Jersey Gov, GOP, CBS, Trump . Maryland Democratic, Capitol, Democratic, Union, Trump’s Locations: Georgia, Washington, Fulton County, Meadows, Trump, Iowa, United, Willis, Willis . Georgia, “ State, Florida, Manhattan
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