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Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.
Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, , Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter
The Israeli government’s decision to kick Al Jazeera out of Israel says more about the government than the TV network. The Arabic programming on Al Jazeera may often be tendentious and anti-Israeli, but shutting it down further erodes Israel’s proud image as a democracy in a neighborhood populated largely by authoritarian or hereditary rulers. Prime Minister Benjamin Netanyahu of Israel accused Al Jazeera of being a security threat by serving as a megaphone for Hamas. Founded in 1996, Al Jazeera is the most popular source of news for much of the Arab world. From a purely tactical point of view, having an Al Jazeera bureau in Israel gave Israelis a better shot at getting their message to the Arab world than shutting it down.
Persons: Al Jazeera, Benjamin Netanyahu, Israel, Hamza al, Al, Wael al Organizations: Al, Gulf States, Israel Locations: Israel, Al, Egypt, Gulf, Gaza, Al Jazeera’s Gaza, Al Jazeera
The labor market has continued to be strong, dampening any urgency the Fed might have to cut rates. AdvertisementThe Fed's decision to hold rates steady prompted some pushback from Democratic lawmakers who are worried that continued high rates will hurt Americans. "The Fed must remember its dual mandate and avoid keeping these rates too high for too long," Boyle said. And he won't risk easing up on the Fed's restrictive policy too early. Advertisement"We believe it is restrictive, and we believe over time it will be sufficiently restrictive," Powell said.
Persons: , Jerome Powell, Powell, We've, we're, Julia Pollak, Brendan Boyle, Boyle, he's Organizations: Service, Federal, Market Committee, Business, Fed, Democratic, Rep
This is an extraordinarily dangerous time for the United States and our allies. Civil libertarians argued that the surveillance bill erodes Americans’ privacy rights and pointed to examples when American citizens got entangled in investigations. The result preserves critical intelligence powers while protecting Americans’ privacy rights in our complex digital age. At the center of the debate is the Foreign Intelligence Surveillance Act. That way, the government can efficiently obtain from communication providers the calls and messages of large numbers of foreign targets — 246,073 in 2022 alone.
Persons: Israel’s unpreparedness Organizations: Foreign Intelligence, Google Locations: United States
It’s time to give caregivers more support
  + stars: | 2024-04-10 | by ( Katia Hetter | Phyllis Fagell | ) edition.cnn.com   time to read: +10 min
Conversations with a wide variety of caregivers, paid and unpaid, helped her realize she wasn’t alone. And yet we are very isolated now, more isolated than ever—and isolation does not work for caregivers. This is bigger than the retail sector and yet so many caregivers are made to feel as though our efforts are small–and not worthy of support. Elissa Strauss: Whether someone is caring for an adult parent, a sick spouse or a child, caregivers are failed across the board. CNN: How could we as individuals support caregivers more?
Persons: Phyllis L, , Jay Leno, Mavis, Benjamin Shmikler, Elissa Strauss, there’s, Elissa Strauss Laura Turbow Strauss, , Strauss, , wasn’t, Caregiving, Charles Darwin ., Darwin, wouldn’t, I’m, it’s, Simon, Schuster Elissa Strauss, we’re, I’ve, doesn’t, you’re, we’ve Organizations: CNN, , Roxy, Los Angeles Superior, Others, ” CNN, International Labor Organization Locations: West Hollywood, United States
Data from two recent surveys, funded in part by Oxfam — the National Survey of Amazon Warehouse Workers and the National Survey of Walmart Warehouse Workers — is included in the report. The results show that a substantial amount of Amazon and Walmart warehouse employees surveyed reported being closely watched by technology while in the workplace. Advertisement"The conditions there are absolutely horrific," one Amazon warehouse worker in Alabama was quoted as saying in the report. The Oxfam report says that at Amazon, warehouse workers "are assigned handheld devices or scanners that record, count, and measure every item they move during their day." One Walmart worker quoted in the Oxfam report alleged that the company's warehouse robots "are treated better than human beings."
Persons: , Soren Larson, Maureen Lynch Vogel, Vogel, Petion, Suzanne Kreiter, Irit Tamir, they're, Tamir, Abby Maxman Organizations: Oxfam, Amazon, Walmart, Service, Securities, Exchange Commission, Oxfam —, National Survey, Amazon Warehouse Workers, National Survey of Walmart Warehouse Workers, Reuters Amazon, BI, Employees, Boston Globe, Getty, Oxfam America Locations: United States, Amazon, Alabama
The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.
Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, , , Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, , Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia
9 to 0 — I’m going to say that again — 9 to 0, ruled that states can’t keep Donald Trump off their ballots. It’s how — Trump has said to his loyalists, I am your retribution, so maybe we should just look at this as a blueprint for retribution. He’s going to end up — when he gives his big convention speech, he’s going to end up making promises on economic policy, domestic policy, and so on. ross douthatSo here’s why I’m sort of — Carlos, especially to your point — like, trying to focus us on the sharpest possible conflicts. But if most of the country’s political and emotional energy is instead focused on Trump himself, rather than real, actual debates, then I think Trump is winning, period, and the country is losing.
Persons: carlos lozada, polgreen Wow, ross douthat, lydia polgreen, Kiefer Sutherland, carlos lozada Totally, michelle cottle Perfect, lydia polgreen You’re, Kiefer, I’m Ross Douthat, michelle cottle I’m Michelle Cottle, carlos lozada I’m Carlos Lozada, Lydia Polgreen, michelle cottle Chin, Biden, lydia polgreen It’s, , can’t, Donald Trump, Grover Cleveland, michelle cottle, Jesus, Donald Trump’s, Carlos Lozada, it’s, Carlos, ross, carlos lozada You, , Trump, Nikki Haley, carlos lozada Yes, He’s, United States — carlos lozada, carlos lozada Harold Meyerson, , Harold — carlos lozada —, michelle cottle —, — Trump, Trumpism, lydia polgreen Trump, carlos lozada —, part’s, michelle cottle You’re, Lydia, let’s, Michelle, — ross douthat Michelle, michelle cottle Oh, Hillary Clinton, — ross, lydia polgreen Get, michelle cottle Mexico’s, Mike Shear, Julie Davis’s, ” ross douthat, carlos lozada Michelle, michelle cottle I’m, George Floyd, I’m — ross, polgreen, I’m, — michelle cottle, he’s, lydia polgreen I’m, Dobbs, ross douthat Carlos, we’ve, unquote, carlos lozada Well, carlos lozada He’s, — carlos lozada Boo, Matt Iglesias, That’ll, that’ll, Peter Navarro, doesn’t, there’ll, lydia polgreen There’ll, carlos lozada Ross, there’s, ” michelle cottle, lydia polgreen Couldn’t, John Roberts, Peter Baker, Susan Glasser’s, Maggie Haberman’s, — michelle cottle Beat, ross douthat —, It’s, Asli Aydintasbas, she’s, Ross, Viktor Orbán, Joe Biden, ideologues, ross douthat Lydia, — carlos lozada, ross douthat Go, nope — ross, Miley Cyrus, it’s Truman, I’ve, lydia polgreen There’s, Bilbo, Martin Freeman, michelle cottle Big, michelle cottle Carlos, We’ve, carlos lozada You’re, We’ll, lydia polgreen Bye Organizations: New York, Republican, New York Times, Siena College, Trump, Heritage Foundation, Leadership, GOP, Republicans, HHS, Department of Health, Human Services, Department of Life, CDC, Department of Justice, Justice Department, National Guard, of Homeland Security, Democrats, Politico, America, United States Constitution, Swans, East, Brooklyn, Northwest Missouri State University, carlos lozada Business Locations: New, America, Douthat, , Washington, United States, lydia polgreen Get Mexico, Francisco, China, Turkish, Turkey, Manhattan, Brooklyn
The Google Gemini conspiracy theory
  + stars: | 2024-02-28 | by ( Alistair Barr | ) www.businessinsider.com   time to read: +4 min
Google had to pull parts of its fancy Gemini AI model after it spat out inaccurate images and text. To catch you up: Google had to pull part of its fancy new Gemini AI model after it spat out inaccurate pictures, including depicting Google cofounders Larry Page and Sergey Brin as Asian. One theory is that Googlers are too woke and their biases have infected what could be a powerful and useful AI model. AdvertisementIs this Google future? Probably not as profitable revenue as Google Search, but that's still a lot.
Persons: , there's, Larry Page, Sergey Brin, it's, Mark Shmulik, Bernstein, Sundar Pichai, Pichai, that's Organizations: Google, Service
AdvertisementUnder the plea agreement, Family Dollar admitted that it had begun receiving more reports of mouse and pest issues with deliveries from the warehouse in August 2020. AdvertisementThe distribution center shipped FDA-regulated products to more than 400 Family Dollar stores, or over 5% of its total store count. On average, the warehouse shipped 1.3 million cases of product worth $32.3 million each month, per the plea agreement. According to the plea agreement, the facility had operated since 1994, making it Family Dollar's second-oldest distribution center. Family Dollar said in October that it planned to open a "best-in-class" distribution center on the same site in West Memphis by fall 2024.
Persons: , Dollar, Jonathan D, Ross, Rick Dreiling Organizations: Service, US Department of Justice, Business, FDA, DOJ, Federal Food, Consumers, Eastern, of Locations: Arkansas, West Memphis , Arkansas, US, of Arkansas, West Memphis
A group of 20 leading tech companies on Friday announced a joint commitment to combat AI misinformation in 2024 elections. The industry is specifically targeting deepfakes, which use deceptive audio, video and images to mimic key stakeholders in democratic elections or to provide false voting information. Microsoft , Meta , Google , Amazon , IBM , Adobe and chip designer Arm all signed the accord. News of the accord comes a day after ChatGPT creator OpenAI announced Sora, its new model for AI-generated video. The accord reflects the industry's effort to take on "AI-generated election misinformation that erodes trust," he said.
Persons: Sam Altman, OpenAI, Sora, Kent Walker, Christina Montgomery Organizations: Economic, Microsoft, Meta, Google, IBM, Adobe, Tech Locations: Davos, Switzerland
That's according to a recent study by public health experts in Canada who found stark income inequality is causing a mental health crisis. AdvertisementIt assessed Census income data, community health survey data, and hospitalization and death rates since 2006. AdvertisementResearchers said these indicators of declining community health are directly tied to economic conditions. People with less money might have a more difficult time accessing medicine and mental health services compared to their wealthier neighbors. Improving public health outcomes and reducing social stigma around money needs to start on a broad scale by addressing economic disparities, she said.
Persons: , Claire Benny, Benny said, ” Benny, , Vivek Murthy, Schwab, Zers, Benny, Organizations: Service, Business, Census Bureau, Public Health Ontario Locations: Canada
ATLANTA (AP) — A bill to require cash bail for 30 additional crimes is headed to Georgia Gov. The GOP-dominated House voted 97-69 for Senate Bill 63 on Monday, backing a measure that would erodes changes that Republican Gov. “This legislation will make it clear that Georgia is not going down the path of failure seen by other states and communities that have eliminated cash bail," Gaines said. It’s part of a push by Republicans nationwide to increase reliance on cash bail, even as some Democratic-led jurisdictions end cash bail entirely or dramatically restrict its use. Under the bill, bail would be required for a second or later misdemeanor offense of reckless driving or criminal trespass, as well as for any misdemeanor battery.
Persons: Brian Kemp's, Bill, Nathan Deal, Houston Gaines, Gaines, ” It’s, Tanya Miller, Miller, , Chris Carr, Brian Kemp, Kemp Organizations: ATLANTA, Georgia Gov, GOP, Republican Gov, Rep, Athens Republican, Georgia’s county lockups, Atlanta Democrat, Democratic, Atlanta Locations: Georgia, Athens, Georgia’s county, Atlanta, Illinois, Wisconsin
One of the key points for their model is an expectation that gas prices will remain largely stable. The economists caution a slight surge in prices could shift expectations towards a Trump victory. "All else equal, if gas prices surge back close to $4 per gallon, [former President Donald] Trump will win." AdvertisementBiden's presidency has endured major shocks in the oil market, which have sent gas prices as high as $5 a gallon in the summer of 2022. The popular gas-pricing app said in its 2024 outlook that gas prices could average $3.15 in November with a potential range of $2.99-$3.31.
Persons: Biden, , Joe Biden, Biden's, Mark Zandi, Brendan Lacerda, Justin Begley, Donald, Trump, Moody's, Nikki Haley, Nate Silver Organizations: Trump, Service, Biden, Arizona Locations: Ukraine, North Carolina
Circuit Court of appeals denied the request for the case to go before the full 8th U.S. Circuit Court of Appeals after a panel ruled 2-1 last year that only the U.S. attorney general can enforce Section 2 of the Voting Rights Act. Political Cartoons View All 253 ImagesThe 8th Circuit ruling applies only to federal courts covered by the district, which includes Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. “The decision by the Eighth Circuit to not revisit the case is a serious blow to the rights of Arkansas voters," Holly Dickson, executive director of the ACLU of Arkansas, said in a statement. The Arkansas lawsuit challenges the state House redistricting plan, which was approved in 2021 by the all-Republican state Board of Apportionment.
Persons: weren't, , David Stras, Donald Trump, Holly Dickson, , Tim Griffin, , Arkansans, Griffin, Steven Colloton, Colloton, George W, Bush, Barack Obama, ” Colloton, Lavenski Smith Organizations: , U.S, Supreme, Circuit, The, Arkansas State Conference NAACP, Republicans, American Civil Liberties Union, Eighth Circuit, Black, Republican Locations: The Arkansas, Arkansas, Arkansas , Iowa, Minnesota , Missouri , Nebraska, North Dakota, South Dakota, Southern
Say the premium is $2 on that $195 strike heading into earnings and I am sitting on 100 shares (remember every options contract represents 100 shares). If, however, shares hit the $195 strike, then I am, as the seller of that option contract, obligated to sell my shares at $195. To implement this strategy, you would sell a put at a higher strike price and then purchase another put as insurance at a lower strike price. In this case, we would be laying out $2 (paying $3 to buy the $195 strike and collecting $1 by selling the $190 strike). There are two high-level factors that determine an options price, intrinsic value and time value.
Persons: Jim Cramer's, It's, we'll, you'll, I've, it's, they're, we're, we've, We've, Jim Cramer, Steve Jobs, Tim Cook, Vega, Jim, Spencer Platt Organizations: CNBC, Jim Cramer's Charitable Trust, Club, Nvidia, New York Stock Exchange, Getty Locations: Delta, New York City
Florida has regained its status as the best state for retirees in 2024. That's according to WalletHub's latest "Best and Worst States to Retire" study. The state doesn't levy any income tax, which means income from Social Security and withdrawals from retirement accounts won't be taxed at the state level. If you prefer mountains over beaches, Colorado ranks as the second-best state for retirees, according to WalletHub. And although Colorado partially taxes income from Social Security and withdrawals from retirement accounts, the state allows for tax deductions for certain retirement income sources for qualified taxpayers.
Persons: WalletHub, Karen Magruder Organizations: States, Florida, Fort, University of Texas, Social Security Locations: Florida, Virginia, Popular Florida, Miami, Fort Lauderdale, West Palm Beach, Tampa, St, Petersburg, Clearwater, Arlington, Colorado
AdvertisementEldemire shared three subtle signs a partner is untrustworthy — even if they don't mean to be. They can't take accountabilityMost people tell a white lie or lie of omission at some point in a relationship, Eldemire said. But if they keep gaslighting, stonewalling, deflecting, or blaming you, it's a sign that they can't take responsibility for their actions, which hugely erodes trust in a relationship. But an untrustworthy partner might say those things to manipulate or fast-track the relationship. If they're committed to the relationship, you won't wonder so much about why their words don't match their actions.
Persons: , Eldemire, they're Organizations: Service, Business Locations: Fort Lauderdale , Florida
After spending the past two years trying to get inflation under control by raising interest rates, the Fed is inching toward cutting rates soon. Setting interest rates should be about weighing costs and benefits for everyone, not engineering outcomes for a favored constituency. When people (usually those with a vested political interest) try to accuse the Fed of being biased, it erodes confidence. The real reason for the accusationsThe entire conspiracy theory about a political Fed is weak on its face and baseless on its merits. What makes anyone so sure they'll fare better in 2024 with the rate of inflation slowing, interest rates falling, and stocks rising?
Persons: there's, it's, Joe Biden's, Jerome Powell, Donald Trump, Biden, It's, Trump, Ro Khanna, Powell, Taylor, Bill Dudley, Dudley, Dudley's, Chris Waller Organizations: Federal Reserve, Fed, Democratic, Trump, Biden, New York Fed Locations: Canada, Australia, Japan
SIMI VALLEY, Calif. (AP) — Defense Secretary Lloyd Austin on Saturday denounced those who advocate “an American retreat from responsibility” and said sustained U.S. leadership is needed to help keep the world as safe, free and prosperous as possible. He also urged Congress to end the partisan gridlock that has stalled the federal budget and war spending. Those who “try to pull up the drawbridge,” he said, undermine the security that has led to decades of prosperity. Political Cartoons View All 1277 Images“You’ll hear some people try to brand an American retreat from responsibility as bold new leadership,” Austin said. About 100 hostages were freed as part of the truce, but about 140 remain held by Hamas and others in Gaza.
Persons: Lloyd Austin, , Austin, ” Austin, Donald Trump’s “, Vladimir Putin, Sen, Tommy Tuberville, Tuberville Organizations: , Reagan National Defense, Senate Armed, Committees, Senate, Administration, Pentagon, Republicans, Senior, Hamas Locations: SIMI VALLEY, Calif, United States, Simi Valley, Israel, Ukraine, Austin, Europe, Israeli, Gaza
In that context, the “Now and Then” movie’s upfront billing of the track as the last Beatles song feels like a two-pronged rhetorical move. But the truth, ultimately, will lie not with any facts inherent to the universe of existing Beatles recordings. If you can make a Beatles single using ideas from two dead Beatles, then you can make one with ideas from three dead Beatles — or even, perhaps, from four. It reminds me of the Beatles without sounding like the Beatles — and why should it, when Lennon didn’t write it for them? But I suspect that, in this late project, the always-innovative Beatles are once again ahead of their time.
Persons: Drake, Johnny Cash, Taylor Swift, Hank Williams, I’ve, McCartney, Lennon didn’t, relistened
With a power vacuum and years of civil conflict following the 2003 U.S.-led invasion of Iraq, militias grew and multiplied in Iraq, some supported by Iran. While he came to power with the Iranian-backed groups' support, he also wants continued good relations with the U.S. and has backed the ongoing presence of American troops in his country. U.S. Secretary of State Antony Blinken, in a meeting with al-Sudani this month, warned of consequences if Iranian-backed militias continued to attack U.S. facilities in Iraq and Syria. An official with one of the Iranian-backed militias said al-Sudani put “great pressure” on the militias not to carry out attacks during Blinken's visit. But the U.S. military response to the attacks on its forces has been minimal.
Persons: Biden, Israel, Asad, Haq, Badr, Bashar Assad, Mohammed Shia, Antony Blinken, Sudani, Ayatollah Ali Khamenei, , Qassim Soleimani, Abu Mahdi al, Muhandis, Qassim Abdul Organizations: WASHINGTON, U.S, Islamic, Hamas, Pentagon, Islamic Jihad, WHO, State, Popular Mobilization Forces, Hezbollah, Iran’s, Islamic Revolutionary Guard Corps, Iranian Revolutionary Guard, Officials, Quds Force, Military, Associated Press Locations: Iraq, Syria, Islamic State, skyrocket, U.S, The U.S, Baghdad, Israel, Gaza, Iran, Lebanon, Yemen, Al, Tehran, Boukamal, Maysulun, Deir el, Bulbul, Mayadin ., IRAQ, Zahra
Shock, grief and pain have cascaded across Israel since Hamas gunmen poured out of Gaza to kill an estimated 1,200 Israeli civilians and soldiers on Oct. 7. Mr. Netanyahu suspended Mr. Eliyahu, saying that his comments were “disconnected from reality.”Mr. Netanyahu says that the Israeli military is trying to prevent harm to civilians. Such reassurances are also belied by the language Mr. Netanyahu uses with audiences in Israel. “Gaza nakba 2023.”The rise in incendiary statements comes against a backdrop of rising violence in the West Bank. It will also make Israelis more inured to the civilian death toll in Gaza, which has isolated Israel around the world, he added.
Persons: , Yoav Gallant, We’re, Naftali Bennett, , Benjamin Netanyahu, FakeReporter, Ghazi Hamad, Israel, Itamar Ben, Netanyahu’s, Amichay Eliyahu, Netanyahu, Eliyahu, Mr, Amalek, Michael Sfard, Sfard, ” Yehuda Shaul, Eyal Golan, Sara Netanyahu, Yinon, Don’t, ” Mr, Golan, Ms, Magal, , Avi Dichter, Eran Halperin, Halperin, erodes, ’ ” Adam Sella Organizations: Twitter, Mr, Human Rights, West Bank, United Nations, Hebrew University, , Locations: Israel, Gaza, United States, Palestine, Jerusalem, Israeli
The fight over return-to-office is getting dirty
  + stars: | 2023-11-07 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Evidence is as evidence doesAs the return-to-office battle has heated up in the past six months, there has been a marked increase in declarations that remote work is less productive. The researchers determined that remote workers were 18% less productive than their in-person counterparts. Just the vibesDespite the limited evidence against it, corporations are increasingly trying to kill remote work. That's what makes the move to kill off remote work so frustrating. It's not clear that the return-to-office move is about making workers more productive or building a better culture.
Persons: it's, Mike Hopkins, they're, India —, Nicholas Bloom, who's, David Baszucki's, Geico, Amazon's Andy Jassy, Geico's Todd Combs, there's, Safra, Larry Ellison, wrongheaded, galvanizing sycophants, Ed Zitron Organizations: Amazon, Amazon Studios, National Bureau of Economic Research, Journalists, Stanford, Meta, , Writers Guild of America, SAG, United Auto Workers Locations: India
New York CNN —Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked to a problem that emerged on Friday with the Automated Clearing House (ACH) payments system, causing headaches for consumers and employers. An industry source confirmed to CNN on Monday that it’s likely some customers haven’t received their deposits yet. Clearing house says it was a ‘manual error’Asked for comment, multiple banks referred inquiries to The Clearing House, which is owned by the largest commercial banks including Bank of America, JPMorgan Chase, CitiBank and Wells Fargo. The Clearing House did not provide an updated comment on Monday or any timetable for when the problem will be fully resolved.
Persons: haven’t, Banks, Chase, , Downdetector, Wells, “ Wells, Wells Fargo, Jim Seitz, ” Chase, Greg MacSweeney, MacSweeney, Dennis Kelleher, ” Kelleher Organizations: New, New York CNN, CNN, Consumer Financial, Bureau, Bank of America, US Bank, Twitter, , ” Bank of America, JPMorgan Chase, CitiBank, House, Federal Reserve, Fed, ACH Network, Better Locations: New York, Wells Fargo, ACH, United States
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