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☆ Glasses Improve Income, Not Just Eyesight
▼ + stars: | 2024-04-04 | by ( Andrew Jacobs | ) www.nytimes.com time to read: +1 min

But for nearly a billion people in the developing world, reading glasses are a luxury that many cannot afford. Uncorrected presbyopia, not surprisingly, makes it harder for breadwinners to support their families. That’s the conclusion of a new study which found that garment workers, artisans and tailors in Bangladesh who were provided with free reading glasses experienced a 33 percent increase in income compared to those who were not given glasses. Half of the participants — a mix of tea pickers, weavers and seamstresses between 35 and 65 — were randomly chosen to receive a free pair of reading glasses. The others were not given glasses.

Persons: Uncorrected presbyopia Organizations: World Health Organization Locations: Bangladesh

But McAfee’s 23-page opinion was a scathing rebuke of the district attorney’s actions, and it remains unclear if Trump will face trial before November on his actions after the 2020 presidential election. McAfee ruled that either Wade or Willis would have to leave the case, as an “odor of mendacity remains” over the circumstances of their relationship. “A perceived conflict in the reasonable eyes of the public threatens confidence in the legal system itself,” McAfee wrote Friday. “An outsider could reasonably think that the District Attorney is not exercising her independent professional judgment totally free of any compromising influences. As long as Wade remains on the case, this unnecessary perception will persist,” McAfee wrote.

Persons: Scott McAfee, Fani Willis, Donald Trump –, Nathan Wade, Willis, Wade, It’s, Trump, McAfee, ”, Mike Roman, Willis ’, ” McAfee, Willis wasn’t, Willis –, SADA, untruthfully, Wade “, “, Will Wade, there’s, –, ” CNN’s Devan Cole Organizations: CNN, White House, Trump, Manhattan District, US, Attorney, District, District Attorney, ” Locations: Fulton County, Georgia, Washington, New York, –, reimbursements, Atlanta

☆ A risky options trade to navigate Nvidia's highly anticipated earnings report
▼ + stars: | 2024-02-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

I would argue that, as goes Nvidia, so goes the stock market. As far as the options market is concerned, it's a pretty big coin. We are short shorter-dated options and long longer-dated options, seeking to find a way to sell high options premiums. In our case, the trade looks something like this: You can see, this isn't a cheap trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: —, Carter Braxton Worth, It's Organizations: Nvidia, eBay, CNBC, ~$ Locations: trillions

WASHINGTON (AP) — Prosecutors in the classified documents case against former President Donald Trump told a judge Friday that defense lawyers had painted an “inaccurate and distorted picture of events” and had unfairly sought to “cast a cloud of suspicion” over government officials who were simply trying to do their jobs. The case is currently set for trial on May 20, but that date could be pushed back. In their response, prosecutors said many of the defense lawyers' requests were so general and vague as to be indecipherable. In other instances, they said, they had already provided extensive information to the defense. Trump's lawyers, for example, argued that prosecutors should be forced to disclose all information related to what they have previously described as “temporary secure locations” at Mar-a-Lago and other Trump properties.

Persons: Donald Trump, Jack Smith's, “, Trump, Lago Organizations: WASHINGTON, — Prosecutors, Trump, Service, Prosecutors, Energy Department, ” Prosecutors Locations: United States, Florida, Mar, Lago, magnetometers

☆ How a Book Publishing ‘Mistake’ Reignited the U.K.’s Royal Racism Furor
▼ + stars: | 2023-11-30 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

As book rollouts go, the one for Omid Scobie’s latest offering about the British royal family, “Endgame,” has been a hot mess — splashy, gaudy, tantalizing but ultimately a bit withholding — which is to say, par for the course for a putative tell-all account of the world’s most covered, least decoded family. The withholding part involves an unconfirmed, thoroughly radioactive nugget that turned up in the Dutch edition of Mr. Scobie’s book, published on Tuesday: the identity of two members of the royal family who once reportedly expressed concerns about the skin color of the unborn child of Prince Harry and his wife, Meghan. Mr. Scobie’s Dutch publisher, Xander, quickly withdrew the book from shelves and online sites in the Netherlands at the behest of the author and his agent, citing an unspecified “mistake” that it said would be corrected in time for the book to go back on sale on Dec. 8. The family members are not identified in either the British or American editions, which were published by imprints of HarperCollins. It all led to a nursery school’s worth of peekaboo headlines in London tabloids on Wednesday.

Persons: rollouts, Omid, ”, Scobie’s, Prince Harry, Meghan, Mr, Xander Organizations: HarperCollins Locations: Scobie’s Dutch, Netherlands, Amsterdam, London

☆ Allen Weisselberg, Trump's loyal ex-CFO, calls tripling the size of Trump's penthouse in financial records a 'minor' mistake
▼ + stars: | 2023-10-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's loyal ex-CFO, Allen Weisselberg, began court-ordered testimony in the NY civil fraud trial. On the stand Tuesday, Weisselberg called tripling the size of Trump's penthouse a "minor" mistake. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisement"I don't recall," Weisselberg answered. Asked if, once put on the alert by Forbes, he ever thought to quickly and conveniently check the files right outside his door, Weisselberg answered, "I don't recall."

Persons: Trump's, Allen Weisselberg, Weisselberg, —, Letitia James, Donald Trump's, Trump, James, Louis M, Solomon, Forbes, Donald Trump , Jr, Eric Trump –, Arthur Engoron, Engoron Organizations: Service, New York, Trump Organization's, Trump Org, Forbes, Deutsche Bank, Trump, New Locations: Manhattan's, Manhattan, Trump, New York

PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. PwC Australia in May commissioned former Telstra CEO Ziggy Switkowski to review the firm's culture and governance after revelations a former partner had leaked confidential tax documents to colleagues to drum up work with global companies. Switkowski identified poor practices "uncorrected for many years", including a board stacked with longstanding PwC partners, a powerful CEO "not perceived to be accountable to the board" and a "whatever it takes" approach to making money. PwC Australia has not committed to releasing their reports publicly. PwC Australia said on Wednesday it would adopt, and in some cases already had, the report's 23 recommendations, which include appointing an external chief risk officer, revamping firm culture, and linking partner pay to ethical behaviour.

Persons: Lewis Jackson, Ziggy Switkowski, Switkowski, Kevin Burrowes, Switkowski's, Sonali Paul Organizations: REUTERS, Rights, PwC, Telstra, Facebook, Police, Thomson Locations: Barangaroo, Australia, PwC Australia

☆ A Mar-a-Lago employee in charge of security cameras changed his testimony and implicated Trump after switching attorneys, prosecutors say
▼ + stars: | 2023-08-23 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

"Trump Employee 4" had initially been represented by a lawyer paid for by a Trump political action committee. Nauta is represented by Stanley Woodward, who previously repped Trump Employee 4, and prosecutors said that Woodward's continued presence in the case could also mark a conflict of interest. AdvertisementAdvertisement"Advising Trump Employee 4 to correct his sworn testimony would result in testimony incriminating Mr. Woodward's other client, Nauta; but permitting Trump Employee 4's false testimony to stand uncorrected would leave Trump Employee 4 exposed to criminal charges for perjury," prosecutors said in the filing. AdvertisementAdvertisementIn the latest development, federal prosecutors said that they plan to call on Taveras to describe the pressure campaign to delete security footage. "The Government anticipates calling Trump Employee 4 as a trial witness and expects that he will testify to conduct alleged in the superseding indictment regarding efforts to delete security footage," prosecutors wrote.

Persons: Trump, Donald Trump's, Jack Smith's, —, Prosecutors, Taveras, Aileen Cannon, Smith, Walt Nauta, Carlos De Oliveira, Stanley Woodward, Woodward's, Mr, uncorrected, Woodward, De Oliveira Organizations: Trump, Service, Trump's Save America PAC, NBC News, US, Prosecutors, DOJ Locations: Wall, Silicon, Florida, Washington, Taveras

☆ A Crumbling New York Garage Collapsed. Dozens More Have Similar Problems.
▼ + stars: | 2023-05-15 | by ( Patrick Mcgeehan | Asmaa Elkeurti | ) www.nytimes.com time to read: +1 min

After a parking garage collapsed in Lower Manhattan last month, killing one person and injuring five others, officials scrambled to check dozens of other garages across the city for structural problems that could cause another disaster. They immediately identified dozens of garages with potential hazards, ordering some shuttered and closing off sections of others until their structural defects could be repaired. Three weeks after the fatal collapse, city officials have revealed little about what they found in their sweep. They have not identified the more than 170 parking structures they rushed to inspect or divulged what conditions they discovered within them. But a New York Times examination of the city’s garages has found that serious structural problems are widespread — and in many cases have been allowed to persist uncorrected for years.

☆ Mattel to Pay $3.5 Million to Settle SEC Allegations Over Misstatements
▼ + stars: | 2022-10-21 | by ( Mark Maurer | ) www.wsj.com time to read: +3 min

The Securities and Exchange Commission said Mattel Inc. agreed to pay $3.5 million to settle claims over misstatements the toy maker made in its 2017 financial statements. Mr. Abrahams, the lead auditor on the PwC account at the time of the alleged misstatements, failed to verify the uncorrected $109 million error was documented even though he knew about it, the SEC said. Mr. Abrahams worked at PwC from 2004 until 2019, when he resigned. Mattel didn’t admit to or deny the SEC’s claims when it agreed to pay the fine. Mr. Abrahams and Mr. Euteneuer didn’t immediately respond to requests for comment.

☆ Toymaker Mattel agrees to pay $3.5 million to settle SEC charges
▼ + stars: | 2022-10-21 | by ( Chris Prentice | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 21 (Reuters) - California-based Toymaker Mattel Inc (MAT.O) has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses during the third and fourth quarters of 2017 due to tax reporting errors, the SEC said. The issue went uncorrected until November 2019 and the lack of internal control for financial reporting related to the error remained undisclosed. A spokesperson for Mattel, which did not admit or deny the SEC's findings, said the firm is pleased to have the matter behind it. He further failed to maintain auditor independence by advising Mattel's then-chief financial officer about who should be selected for a senior position at the company.

☆ Toymaker Mattel agrees to pay $3.5 million SEC fine for misstatements in 2017 earnings
▼ + stars: | 2022-10-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Toymaker Mattel has agreed to pay a $3.5 million fine to settle charges related to misstatements in two quarters of earnings in 2017, the Securities and Exchange Commission announced Friday. The SEC said Mattel "violated numerous professional standards" by understating its tax-related valuation for the third quarter of 2017 by $109 million. Mattel's $109 million tax expense error went uncorrected until its November 2019 restatement. The SEC said Mattel did not admit or deny the findings of its probe. While we're not going to comment on the underlying facts, we appreciate the SEC's recognition of the company's remedial measures," a Mattel company spokesperson said Friday.

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of "sexual assault and harassment" at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +1 min

(CNN) A newly-unredacted document alleging an "uncorrected culture of sexual assault and harassment" at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. The lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. It now represents over 1,400 current and former female associates and vice-presidents at Goldman Sachs who say they encountered discrimination over pay, promotion, and reviews, according to a press release. At the time, a spokesman for Goldman Sachs called it a "a normal procedural step for any proposed class action lawsuit" that "does not change the case's lack of merit."

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of ‘sexual assault and harassment’ at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +3 min

CNN —A newly-unredacted document alleging an “uncorrected culture of sexual assault and harassment” at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. Richard Perry/The New York Times/ReduxThe lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. Goldman Sachs said in a statement Friday that the allegations do not “reflect reality” and that many of the claims are “two decades old and have been presented selectively, inaccurately and are incomplete. ““Discrimination, harassment and mistreatment in any form are unacceptable at Goldman Sachs, and when identified, swift action, including termination, is taken.

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