DIRS.INFO The most relevant business & tech news

☆ 'Baby Reindeer' is based on its writer's real-life stalking experience. He said he wanted the ending to lay bare the reality of abuse.
▼ + stars: | 2024-04-17 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +6 min

"Baby Reindeer" tells the true story of an aspiring comedian who was stalked for four years. Gadd said that he wanted the "Baby Reindeer" ending to explore the reality of abuse. "Baby Reindeer" was originally a stage show that Gadd performed at the Edinburgh Fringe Festival in 2019, and is now a limited Netflix series. Dunn tries to get closure by returning to Darrien's flatTom Goodman-Hill as Darrien in "Baby Reindeer." Instead of Scott stalking Dunn, he uses her voicemails as a source of comfort in his troubled life, just like her baby reindeer toy.

Persons: Richard Gadd, Gadd, —, Donny Dunn, Martha Scott, Jessica Gunning, Scott, Tudum, Dunn, Dunn's, She's, she'd, Tom Goodman, Netflix Dunn, Liz, Nina Sosanya, Darrien, Hill, doesn't, Scott's, he's, GQ, hadn't, hasn't, Coke Organizations: Service, Edinburgh Fringe, Netflix Locations: tatters

☆ Trump is recreating his web of chaos at home and abroad in a preview of what a second term could look like
▼ + stars: | 2024-04-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

CNN —Some top Democrats worry that Americans have forgotten the chaos that raged every day Donald Trump was president, and that voters’ faded recall of the uproar will end up handing him a second term. Trump ally Rep. Marjorie Taylor Greene is threatening to topple Johnson if he dares to pass it. — Nationwide chaos is, meanwhile, spreading in the wake of the Trump-built Supreme Court conservative majority overturning Roe v. Wade in 2022. — Bipartisan efforts to solve a border crisis are in tatters after Trump’s House followers in February killed the most sweeping and conservative bill in years. Yet Trump has vowed to end the war in 24 hours if he wins a second term.

Persons: Donald Trump, ’, Trump, Mike Johnson, Ukraine –, Marjorie Taylor Greene, Johnson, Roe, Wade, Trump’s, Joe Biden, —, Johnson –, Lago Trump, bucked Johnson, Bill Barr, CNN’s Annie Grayer, ” Barr, ”, Barr, “ We’re, Greene, “, ” Greene, CNN’s Manu Raju, We’re, laud, Ronald Reagan’s, Vladimir Putin’s, Volodymyr Zelensky, don’t, CNN’s Frederik Pleitgen, Putin, Christopher Cavoli, ” Cavoli, Biden, majority’s handiwork, he’d, didn’t, –, he’s Organizations: CNN, GOP, Republican, Trump, Washington, Trump -, Mar, Foreign Intelligence, FBI, FISA, Kremlin, Ukraine, European Command, House Armed Services Committee, Arizona Locations: Ukraine, Arizona, tatters, America, Washington, Russia, Georgia, Florida, Russian, Mar, Alabama

☆ Back-to-Back Strikes by Israel Show Strengths and Limits of Accuracy
▼ + stars: | 2024-04-04 | by ( Mark Landler | Adam Rasgon | ) www.nytimes.com time to read: 1 min

About 5 p.m. on Monday, Israeli warplanes streaked across the Syrian border, striking an embassy building in Damascus and killing a cadre of senior Iranian military commanders with the kind of pinpoint accuracy that has earned Israel’s military fear and respect across the Middle East. Several hours later, the same Israeli military rained missiles on an aid convoy on a coastal road in the Gaza Strip, a botched operation that left seven foreign aid workers dead and Israel’s reputation in tatters. Its leaders were forced to admit to a string of lethal mistakes and misjudgments. How one of the world’s best-equipped, best-trained militaries could pull off a dangerous strike on foreign soil and then stumble with such tragic consequences in Gaza raises a raft of hard questions — not least how the Israeli military enforces the rules of engagement in its war against Hamas.

Locations: Damascus, Gaza

☆ Embittered Republicans plot to knock off House GOP’s hard-right leader in Virginia primary feud
▼ + stars: | 2024-03-31 | by ( Manu Raju | ) edition.cnn.com time to read: +10 min

“Bob Good didn’t come here to govern. Rep. Derrick Van Orden talks with reporters after a meeting of the House Republican Conference in the US Capitol on Tuesday, November 7, 2023. Asked if Good’s vote to oust McCarthy prompted the House GOP effort to defeat him, Georgia Rep. Austin Scott said: “It has something to do with that. Rep. Bob Good speaks with reporters at the US Capitol on January 12, in Washington, DC. Bob Good leads the fighters.”CNN’s Sheden Tesfaldet contributed to this report.

Persons: Bob Good’s, Manu Raju ”, Derrick Van Orden, Bob Good, Kevin McCarthy, Van Orden, propping, John McGuire –, “ Bob Good didn’t, ” Van Orden, “ Bob Good’s, he’s, Matt Gaetz, Andy Biggs of, Chip Roy, Texas, Good, Tom Williams, They’ve, ”, “, Gaetz, McCarthy, Bob, McGuire –, –, ” McGuire, Austin Scott, we’ve, McGuire, John McGuire, John C, Clark, Nancy Pelosi, Mike Rogers, Rogers didn’t, Donald Trump, Ron DeSantis, Trump, “ Trump, Trump’s, Mark Meadows, ” Meadows, that’s, Kent Nishimura, Joe Biden, won’t, “ I’m, Ryan Zinke of, Marjorie Taylor Greene, ” “ John McGuire, she’s grandstanding, Chris LaCivita, “ Bob Good won’t, LaCivita, ” LaCivita, doesn’t, “ I’ve, ” Gaetz, Sheden Tesfaldet Organizations: Republican, Virginia CNN —, Caucus, House Republicans, GOP, Wisconsin Republican, CNN, House Republican Conference, “ Conservative, Navy, Democrat, Denver, Georgia Rep, Capitol, ”, Republicans, Pentagon, House Armed, Good, Florida Gov, DeSantis, Virginians, Conservative Leadership PAC, Trump, Mar, Trump Cabinet, Republican Party Locations: Appomattox, Virginia, tatters, Wisconsin, Florida, Andy Biggs of Arizona, Washington, Virginia –, Georgia, Richmond , Virginia, Congress, Alabama, Trump, Washington , DC, Iowa, Ryan Zinke of Montana, United States

☆ Why investors should check the outstanding share count before buying a stock
▼ + stars: | 2024-03-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

But what if I told you this group shrunk its share count dramatically since 2019? The numbers tell the story: Lennar now has 276 million shares outstanding, down from 318 million five years ago. Other than Toll, most of the homebuilder management teams do not emphasize this fundamental change in share count. Management has been buying hand over fist since 2019, shrinking the share count to 215 million from 264 million. My rather unassailable conclusion is pretty simple: Check the share count before you buy a stock.

Persons: PulteGroup, DR Horton, —, Douglas Yearley hadn't, homebuilders, Jim Umpleby, Eaton, Dow, Cummins, Elliott, Marc Benioff, Colette Kress, Williams, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Federal Reserve, DR, Management, Dick's, Goods, Abercrombie, Fitch, Williams, Walmart, Caterpillar, DuPont, Marathon Petroleum, Elliott Management, Valero Energy, Pacific, Norfolk Southern, CSX, Apple, Microsoft, NFL, Jim Cramer's Charitable, CNBC Locations: tatters, California, Sonoma, America, Williams Sonoma, San Marcos , California

☆ Haiti’s Hospitals Survived Cholera and Covid. Gangs Are Closing Them.
▼ + stars: | 2024-03-17 | by ( David C. Adams | Frances Robles | ) www.nytimes.com time to read: +1 min

It left a small hole in her cheek, just missing her jawbone and teeth. Unlike many Haitians wounded by gunfire in the middle of a vicious gang takeover of the capital, Port-au-Prince, Ms. Cenatus was actually lucky that day — she made it to a clinic. But she is still in pain, her wound swelling, and she cannot get any relief, with more and more hospitals and clinics abandoned by staff or looted by gangs. “My teeth hurt,” she said. “I can feel something is wrong.”A gang assault on Haiti’s capital has left an already weak health care system in tatters.

Persons: Taïna, Cenatus, ”, “ Locations: Haiti, Port, tatters

Hong Kong/Beijing CNN —China has described a potential TikTok ban as “an act of bullying” that would backfire on America. Cybersecurity experts say that the national security concerns surrounding TikTok remain a hypothetical — albeit troubling — scenario. US officials have not publicly presented evidence that the Chinese government has accessed the user data of US TikTok users, an outcome that lawmakers say their bill is intended to prevent. In recent comments to reporters, Wisconsin Republican Rep. Mike Gallagher, who chairs a House select committee on China, rejected characterizations of the bill as a TikTok ban. “It puts the choice squarely in the hands of TikTok to sever their relationship with the Chinese Communist Party.

Persons: ByteDance, ” Wang Wenbin, Wang, ”, Mike Gallagher, “ It’s, TikTok, “, Tiktok Organizations: Beijing CNN, CNN Wednesday, Senate, Wisconsin Republican, Chinese Communist Party, Weibo Locations: Hong Kong, Beijing, China, America, American, tatters

☆ Kensington Palace's reputation is in tatters. This is what it should do to save it.
▼ + stars: | 2024-03-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewKensington Palace is floundering — but there are two key ways its reputation can be mended, according to royal commentators and PR experts. Kate Middleton has been absent from the public eye since January, when the palace said she underwent abdominal surgery. In a rare personal message posted to Kensington Palace's X account on Monday, Kate said: "Like many amateur photographers, I do occasionally experiment with editing." Kensington Palace's reputation matters more than ever, especially as the monarchy's value has come into question after Queen Elizabeth II's death.

Persons: —, Kate Middleton, Kate, Prince William, Karwai Tang, Wales, Evan Nierman, Banyan, Queen Elizabeth II's, Sovereign Grant, William's, William, Queen Camilla, Jack Royston, Samir Hussein, Chris, Tenile Clarke, Clarke Organizations: Service, Business, Kensington Palace, Sovereign, Brand Finance, Commonwealth, ITV, Ship, Chambers Media Solutions Locations: Kensington, Republic, Wales

☆ The general election is here and it’s Trump v. Biden
▼ + stars: | 2024-03-06 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

“We’re going to win this election because we have no choice,” Trump said at his Mar-a-Lago resort as he savored his sweetest election night since he beat Hillary Clinton in 2016. The time for that excuse is going to fast run out now that the shape of the 2024 general election is clear. “Until now, people didn’t think it was going to be Biden versus Trump, but here we are and we’re ready to go,” he said. One reason why Trump didn’t come across as a loser to his supporters was that he convinced grassroots GOP voters that he didn’t actually lose the 2020 election. Democratic control of the Senate and the tiny House GOP majority that fell short of red wave expectations were widely blamed on his botched strategizing.

Persons: Donald Trump, Joe Biden –, Trump, “, he’s, We’re, ” Trump, Hillary Clinton, “ We’re, we’re, Biden, cranking, –, ” Biden, He’ll, Nikki Haley, Trump’s, ”, Haley, Mitch Landrieu, Richard Nixon, Bill Clinton, Bernie Sanders, Grover Cleveland, Benjamin Harrison, Cleveland, didn’t, denialism –, P01135809, Mike Pence, Ron DeSantis Organizations: CNN, White, Capitol, Republican, California Republican, Biden, Trump The, GOP, South Carolina Gov, Republican Party, Democrats, White House, Trump, Democratic, Florida Gov Locations: Washington, Virginia, North Carolina , Oklahoma , Tennessee , Maine , Texas , Arkansas , Alabama, Colorado , Minnesota , Massachusetts, California, Lago, “, tatters, New Hampshire, South Carolina, North Carolina, Iowa, Atlanta, Trump’s

☆ A longtime Russia ally suspended participation in Putin's NATO rival after calling it ineffective
▼ + stars: | 2024-02-26 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Armenia, formally a key ally of Russia, has suspended its participation in a Russia-led international alliance, according to its prime minister, Nikol Pashinyan. The Collective Security Treaty Organization, or CSTO, is considered Russia's equivalent to NATO, and Russian President Vladimir Putin hoped it could rival the Western military alliance. But splinters have emerged in the group since Russia invaded Ukraine, and Armenia has repeatedly challenged its usefulness. Pashinyan has frequently expressed frustration with Russia and the CSTO in recent years, accusing the alliance of being ineffective and describing Armenia as no longer an ally of Russia. Frustrations with Russia have also risen among other CSTO members, experts told Business Insider last year.

Persons: Nikol, Vladimir Putin, Pashinyan, France24, Putin, snubs, Jaroslava Barbieri Organizations: NATO, Security, Organization, Moscow Times, Soviet Union, University of Birmingham Locations: Armenia, Russian, CSTO, Russia, Ukraine, Soviet, Azerbaijan, France, Eurasia, Nagorno, Karabakh, Iran, North Korea, China, tatters

☆ El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
▼ + stars: | 2024-02-09 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Chinese leader Xi Jinping said on New Year's Eve that the nation's economy had grown "more resilient and dynamic this year." Meanwhile, famed hedge fund manager and founder of Dallas-based Hayman Capital Kyle Bass said the country's heavily indebted property market has triggered a wave of defaults among public developers. That's a problem, given China's real estate market can account for as much as a fifth of the nation's GDP. "This is just like the U.S. financial crisis on steroids," Bass said, referring to China's default-ridden property market. The Institute of International Finance said Beijing has the policy capacity to push China's economy toward its growth potential and stuck to its above consensus forecast for 2024 growth at 5%, in a recent blog post.

Persons: Eswar Prasad, Mohamed El, Xi Jinping, there's, Paul Krugman, Krugman, Kristalina Georgieva, Hayman, Hayman Capital Kyle Bass, Bass, isn't Organizations: Future Publishing, CSI, China's National Bureau, Statistics, Allianz, International Monetary Fund, Nikkei, New York Times, Monetary Fund, Economic, IMF, Dallas, Hayman Capital, of International Finance Locations: Jiangsu, China, Nikkei Asia, U.S, Europe, tatters, Davos, Beijing

SAN FRANCISCO (AP) — The Democratic mayor of San Francisco is pushing a pair of controversial public safety proposals on the March 5 ballot, including one that would require single adults on welfare be screened and treated for illegal drug addiction or else lose cash assistance. San Francisco is in a struggle to redefine itself after the pandemic left it in economic tatters and highlighted its longstanding problems with homelessness, drugs and property crime. Violent crimes are low in San Francisco, but the city has long struggled with quality-of-life crimes. But she said San Francisco needs to do more. Yet Trent Rhorer, executive director of the San Francisco Human Services Agency, which provides cash assistance and employment services to low-income residents without dependent children, said the current situation is in conflict with the agency's mission: to improve lives.

Persons: she'll, San, Breed, Black, Chris Ballard, Coleman, ”, Trent Rhorer, “, Gavin Newsom, Rhorer, ” Rhorer, Michael Hsu, Hsu Organizations: FRANCISCO, —, Democratic, Mayor London Breed, San Francisco Human Services Agency, Democratic Gov, Department of Public Health, . Police Locations: San Francisco, Francisco, Democratic California

☆ The real story behind the suicide of American socialite Ann Woodward in 'Feud: Capote vs. The Swans'
▼ + stars: | 2024-02-01 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +7 min

Woodward's suicide is depicted in the first episode of "Feud: Capote vs. Ann Woodward had a run with Truman Capote where she reportedly called him a homophobic slurTom Hollander plays Truman Capote in "Feud: Capote vs. Ann Woodward and William Woodward Jr. at the Embassy Club in the Ambassador Hotel in New York in 1975. According to Montillo, Capote recognized Woodward and approached her table; after a brief conversation, she reportedly called Capote a homophobic slur. Despite the two decades since her husband's death, Woodward's reputation was still in tatters among those who remembered the headline-making incident.

Persons: —, Ryan Murphy's, Truman Capote, Jon Robin Baitz, Laurence Leamer's, Tom Hollander, Capote, Leamer, Ann Woodward, Woodward, Demi Moore, Holly Golightly, Angeline Lucille Crowell, Ann Eden, William Woodward Jr, Susan Braudy, Bettmann, Roseanne Montillo's, Woodward's, Moritz, Montillo, Mrs, Bang, Lady Ina Coolbirth, Jones, Ann Hopkins, David Hopkins, Babe Paley, Naomi Watts, Nancy, Slim, Keith, Diane Lane, Ann Woodward's, Gerald Clarke, Capote's, Elsie Woodward, Truman, BuzzFeed's Alessa Dominguez, Jimmy, William Organizations: Service, Business, FX, Hulu, New York, Embassy Club, Woodward Locations: American, New York, Manhattan, La, Basque, Kansas, New, Europe, St

☆ Why Yemen’s Houthi rebels welcome conflict with the US
▼ + stars: | 2024-02-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Since mid-November the rebels have been attacking commercial ships in the Red Sea and the Strait of Bab al-Mandab. The Red Sea is a vital waterway that connects to the Suez Canal, through which 10% to 15% of world trade passes. In its fight, the Houthi group has distracted from Yemen’s humanitarian crisis, shored up domestic and international support, and made its name known among those who knew little to nothing about the movement, they say. That narrative has taken hold among those who oppose the Gaza war the world over. Yemen’s civil war began in 2014, when Houthi forces stormed the capital Sanaa and toppled the internationally recognized, Saudi-backed government.

Persons: Abdel Malek al, Houthi, ”, Allah, Thomas Juneau, ” Juneau, ’, Ahmed Nagi, Juneau, Israel, “, Biden, Netanyahu, ” Mohamed Ali al, Nagi, ” Nagi, ” Mohammed Ali Al, Yemen's Houthi, ” “ Houthis, Nadwa, Yemenis, ” Dawsari Organizations: CNN, Hamas, Hezbollah, Yemeni, Graduate School of Public and International Affairs, University of Ottawa, Canada’s Department of National Defense, Yemeni Armed Forces, European Union, NATO, United, Crisis, UN, BBC, Political Council, Galaxy Leader, Getty, Middle East Institute Locations: Constantinople, Istanbul, United States, Saudi, Israel, Gaza, Bab, Suez, Iran, China, India, Tehran, Iraq, Jordan, Yemen, Red, Solidarity, Aden, Instagram, US, United Kingdom, Brussels, Saudi Arabia, tatters, Yemen's province, Hodeida, AFP, America, Washington ,

☆ Opinion | A Biden Doctrine for the Middle East Is Forming. And It’s Big.
▼ + stars: | 2024-01-31 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

There are two things I believe about the widening crisis in the Middle East. We are about to see a new Biden administration strategy unfold to address this multifront war involving Gaza, Iran, Israel and the region — what I hope will be a “Biden Doctrine” that meets the seriousness and complexity of this dangerous moment. And if we don’t see such a big, bold doctrine, the crisis in the region is going to metastasize in ways that will strengthen Iran, isolate Israel and leave America’s ability to influence events there for the better in tatters. A Biden Doctrine — as I’m terming the convergence of strategic thinking and planning that my reporting has picked up — would have three tracks. On one track would be a strong and resolute stand on Iran, including a robust military retaliation against Iran’s proxies and agents in the region in response to the killing of three U.S. soldiers at a base in Jordan by a drone apparently launched by a pro-Iranian militia in Iraq.

Persons: Biden, ”, tatters ., — Organizations: Biden Locations: Gaza, Iran, Israel, tatters, Jordan, Iraq

Mr. Trump is the first former president in the modern era who has sought to return to the White House. Regardless of what comes next, Mr. Trump’s Iowa victory amounts to a remarkable resurrection of a political career that had once appeared in tatters. Image Mr. Trump greeted supporters after a Fox News town hall in Des Moines. If Mr. Trump does become the nominee, the 2024 campaign will have few modern parallels. A different case making its way through the federal courts will test Mr. Trump’s claim that he should be immune from prosecution.

Persons: Donald J, Trump, Trump’s, Ron DeSantis, Nikki Haley, DeSantis, Haley, Biden, “, ” Mr, Vivek Ramaswamy, Maansi Srivastava, Mr, “ We’ve, Haley’s, —, Hilary Swift, ”, Mike Pence, Tim Scott, Chris Christie, Doug Burgum, Ramaswamy, Long, Haiyun Jiang, Jack Smith Organizations: The Associated Press, Republican, United Nations, Capitol, Senate, clapped, Horizon, New York Times, American, Republicans, PAC, National Weather Service, Mr, Trump, The New York Times, Service, Gov, Fox News, Des Moines . Credit, Justice Department, Biden, “ Locations: Clive , Iowa, Iowa, Florida, New Hampshire, South Carolina, Trump’s Iowa, tatters, “ Iowa, New Hampshire , Nevada, state’s, New York, North Dakota, Des Moines, Georgia, “ America

☆ How Young Entertainment Professionals — founded by a former agency assistant — is helping Hollywood up-and-comers chart careers amid disruption
▼ + stars: | 2024-01-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Young Entertainment Professionals is an online community of more than 10,000 early-career professionals in Hollywood. Young people in the entertainment industry vented that their career growth was stymied by forces outside of their control. At YEP events, Romero added, "there's always people that come up to me who are like, 'When I moved to LA, I didn't know anybody.' In 2023, a Netflix creative assistant founded the monthly newsletter The Hollywood Assistant, telling BI that newcomers have "no blueprint" for how to chart a course to steady employment and success. "They can help through the hard times that we have been having in the industry," Romero concluded.

Persons: Trevor Romero, It's, isn't, he's, Romero, there's, they've, —, people's, Kai Dorsey —, YEP Organizations: Young Entertainment, UTA, Hollywood, LinkedIn, Facebook, United Talent Agency, Business, Paramount, Gersh Agency, Entertainment Partners, BI Locations: Hollywood, California, New York, LA, tatters, Los Angeles

☆ Clashes on border with Israel uproot thousands in Lebanon - again
▼ + stars: | 2023-11-23 | by ( John Davison | ) www.reuters.com time to read: +6 min

[1/4] Children look out from balconies in Shatila Palestinian refugee camp, in Beirut suburbs, Lebanon November 21, 2023. Rostom is Lebanese, Mashouz is a refugee from Syria and Hajeh is a Palestinian refugee. Hajeh has fled his crowded refugee camp four times this year during fighting between militant groups. Since the Israel-Hamas war began seven weeks ago in Gaza, the clashes on Lebanon's border with Israel have displaced nearly 50,000 people, according to U.N. figures, and at least 13 civilians have been killed in Lebanon, Lebanese officials say. Hajeh, the Palestinian refugee, left Yarmouk refugee camp in Syria in 2013 under the bombs of Syrian warplanes.

Persons: Mohamed Azakir, Rose Rostom, Nahida Mashouz, Ammar Hajeh, Rostom, Mashouz, we'd, We've, Jacob Boswall, Ziad Makary, We're, Charbel Alam, Hajeh, Timothy Organizations: REUTERS, Palestinian, Islamic, Hamas, Islamic State, Mercy Corps, Timothy Heritage, Thomson Locations: Beirut, Lebanon, Gaza, Israel, Lebanon BEIRUT, Syrian, Islamic State, Western, Iran, Rostom, Syria, Palestinian, Hajeh, Sidon, Raqqa, Rostom's, Europe, tatters, Lebanese, Rmeich, Yarmouk, Ain El, Ain El Hilweh

☆ For Argentina, Dollarization May Work Better on YouTube Than in Reality
▼ + stars: | 2023-11-21 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Javier Milei wants to adopt the U.S. dollar as Argentina’s national currency. Photo: Luciano GonzALez Torres/Xinhua/Zuma PressArgentina’s anarcho-capitalist president-elect is right that the country desperately needs dollars. But his economic plan for getting them may be the wrong one. Javier Milei ’s victory over Economy Minister Sergio Massa in Sunday’s presidential election showed how eager Argentines are to embrace change. Milei, an outsider who became popular on YouTube and TikTok, has promised to “chain saw” public spending, eschew China-friendly overtures and, most eye-catchingly, “burn down” the central bank and adopt the U.S. dollar as the national currency.

Persons: Javier Milei, Luciano GonzALez Torres, Javier Milei ’, Sergio Massa Organizations: U.S, Xinhua, Zuma Press, Economy, YouTube Locations: Sunday’s, tatters, China

☆ Disgraced Nikola founder's argument for why he should avoid jail: He's no Elizabeth Holmes
▼ + stars: | 2023-11-17 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Trevor Milton's lawyers say he should avoid prison because his fraud conviction is not like that of Elizabeth Holmes. Holmes was convicted on charges that she defrauded investors in blood-testing company Theranos. Milton was convicted on charges that he duped investors with exaggerated claims about zero-emission Nikola trucks. Court officials have calculated federal sentencing guidelines to recommend between 17 1/2 years and 22 years in prison, although Milton's lawyers object to the calculations, saying they substantially overstate the seriousness of the crimes. "Unlike Holmes, Trevor never put Nikola's customers at risk, whereas Holmes touted and used blood-testing technology that she knew to be unreliable, thus putting human beings at medical risk," the lawyers said.

Persons: Trevor, Elizabeth Holmes, Holmes, Milton, —, truckmaker Nikola, Trevor Milton, nastiness, Nikola, Milton's, Nikola — Organizations: Service, truckmaker, truckmaker Nikola Corp, Wall, The Associated Press, General Motors Corp, Securities and Exchange Commission, Nikola Locations: Manhattan, tatters, Utah, Arizona

☆ Multipolar world opens up surprising safe havens
▼ + stars: | 2023-11-17 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

This new-look cap table leaves the U.S. much more vulnerable to the vagaries of foreign investors than before. In a crisis, foreign investors would rush to buy even more U.S. debt. Reuters GraphicsA less orthodox option would be to invest in emerging markets instead. The last time net equity investment in the U.S. NIIP dipped close to negative territory was as the dot-com bubble was deflating in 2001. In the next six years the U.S. saw net equity outflows equivalent to nearly 30% of GDP.

Persons: Hubert Védrine, Xi Jinping, Joe Biden, ’, Donald Trump’s, exceptionalism, NIIP, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, French, U.S, United, United States, Treasury, Equity, U.S . Treasury, Japan, Democratic, Cooperation Council, Peterson Institute for International, Fed, ECB ”, Thomson Locations: United States, tatters, United, U.S, China, Hong Kong, Switzerland, Singapore, Saudi Arabia, South Africa, Argentina, Mexico, Brazil, Vietnam, India, Chile, Democratic Republic of, Congo, Washington

☆ An NYU cancer doc fired over Israel-Hamas war posts accuses the medical center of using him as a 'sacrificial lamb'
▼ + stars: | 2023-11-17 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

An NYU Langone Health cancer doctor has filed a lawsuit against the medical center. Benjamin Neel alleges that he was wrongly fired over posts he made related to the Israel-Hamas war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA renowned Jewish cancer biologist who was recently fired from NYU Langone Health has filed a lawsuit against the medical center, alleging that it used him as a "sacrificial lamb" by axing him over posts he made on social media related to the Israel-Hamas war. "Nonetheless, Dr. Ben Neel, as a leader at our institution, disregarded these standards in a series of public social media posts and later locked his Twitter/X account," Ritea said.

Persons: Benjamin Neel, Neel, —, axing, Steve Ritea, NYU Langone, Ritea, Dr, Ben Neel, Greta Thunberg, Milton Williams, besmirched, Williams Organizations: NYU, Health, Service, NYU Langone Health, Perlmutter Cancer, New, Court, New York University, NYU Langone, Israel Locations: Israel, New York City, New York, Palestine, Brooklyn , New York City

☆ It’s Time to End Magical Thinking About Russia’s Defeat
▼ + stars: | 2023-11-16 | by ( Eugene Rumer | Andrew S. Weiss | ) www.wsj.com time to read: +1 min

Russian President Vladimir Putin at a National Unity Day ceremony in Moscow, Nov. 4. Almost two years after Russia’s invasion of Ukraine, Putin has reason to believe time is on his side. As Russian President Vladimir Putin looks toward the second anniversary of his all-out assault on Ukraine, his self-confidence is hard to miss. Putin has reason to believe that time is on his side. Popular support for the war remains solid, and elite backing for Putin has not fractured.

Persons: Vladimir Putin, Putin, Donald Trump, Putin’s, Yevgeny Prigozhin ’ Organizations: Ukraine, Republican Locations: Moscow, Ukraine, U.S, Russia, tatters

NEW YORK (AP) — Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his fraud conviction is nothing like the fraud that landed Theranos founder Elizabeth Holmes in prison. Milton, 41, was convicted last year of fraud for duping investors with exaggerated claims about his company’s production of zero-emission trucks. Holmes, 39, is serving an 11-year sentence for defrauding investors in the blood-testing company Theranos. “Unlike Holmes, Trevor never put Nikola's customers at risk, whereas Holmes touted and used blood-testing technology that she knew to be unreliable, thus putting human beings at medical risk,” the lawyers said. Lawyers for Holmes did not immediately comment.

Persons: truckmaker Nikola, Elizabeth Holmes, Trevor Milton, nastiness, ”, Milton, Holmes, Trevor, CNBC’s, Nikola, “ Trevor, Milton’s, Nikola —, — Organizations: —, truckmaker, truckmaker Nikola Corp, Wall, The Associated Press, General Motors Corp, Securities and Exchange Commission, Nikola Locations: Manhattan, ”, tatters, Utah, Arizona

The countersuit comes months after the institution sued him and others over the scandal. “These two statements fortified Defendant’s belief that the 25 paintings were authentic Basquiats,” said the former museum CEO. Political Cartoons View All 1247 ImagesDe Groft is seeking more than $50,000 for wrongful termination, defamation and breach of contract. An email seeking comment was sent Tuesday evening to a spokeswoman for the Orlando Museum of Art. Basquiat, who lived and worked in New York City, found success in the 1980s as part of the neo-Expressionism movement.

Persons: —, Jean, Michel Basquiat, Aaron De Groft, De Groft, ”, Groft, Basquiat, Thad Mumford, Mumford, Michael Barzman, Mike Schneider Organizations: FBI, Orlando Museum of Art, American Alliance of Museums, FedEx Locations: ORLANDO, Fla, Florida, Orlando , Florida, tatters, New York City, Los Angeles

Search resuls for: "tatters"

25 mentions found