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NEW YORK, June 12 (Reuters) - JPMorgan Chase (JPM.N) agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein's victims, resolving a large part of litigation over the bank's relationship with the disgraced financier. Monday's settlement came 3-1/2 weeks after Deutsche Bank (DBKGn.DE), where Epstein was a client from 2013 to 2018, agreed to pay $75 million to end a similar lawsuit by Epstein victims. "A settlement with Epstein's victims frees JPMorgan to begin to turn the page and change the narrative." The $290 million settlement amount was confirmed by David Boies, a lawyer for Epstein's victims. Last month, Rakoff said JPMorgan could be liable to Epstein's victims if they could show Staley had firsthand knowledge that Epstein ran a sex-trafficking venture.
Persons: JPMorgan Chase, JPM.N, Jeffrey Epstein's, Epstein, Jane Doe, Carliss Chatman, Chase, Temin, Jed Rakoff, JPMorgan, Adam Zimmerman, David Boies, Sigrid McCawley, Morgan Chase, Mike Segar JPMorgan, Jes Staley, shepherding, Staley, Rakoff, Jamie Dimon, Ghislaine Maxwell, Maxwell, Chatman, Mary Erdoes, Stephen Cutler, Dimon, Cutler, Jeffrey Epstein, Erdoes, Nupur Anand, Lananh Nguyen, Saeed Azhar, Luc Cohen, Jonathan Stempel, Tatiana Bautzer, Megan Davies, Alexander Smith, Grant McCool, Lisa Shumaker Organizations: YORK, JPMorgan, Washington, Lee University School of Law, U.S, Deutsche Bank, University of Southern, Co, New York City, REUTERS, U.S ., Barclays, U.S . Virgin, Thomson Locations: U.S, Manhattan, Virginia, University of Southern California, New York, U.S . Virgin Islands
But Global Witness' research suggests that this results in job ads being targeted to users based on gender stereotypes. And in some cases, human rights advocates say, the biases that appear to be shown by Facebook's ad system may exacerbate other disparities. Global Witness targeted the ads to adult Facebook users of any gender who resided in, or had recently visited, the chosen countries. Certain roles were less strongly skewed — a package delivery job ad, for example, was shown to 38% women users in the Netherlands. In December, Real Women in Trucking filed its EEOC complaint alleging that Facebook's job ads algorithm discriminates based on age and gender.
Persons: Naomi Hirst, Clara Wichmann, Ashley Settle, Settle, Meta, Linde, Ireland —, Caroline Leroy, Blanvillain, Fondation des Femme, Pat de Brún, de Brún, , Brún, Facebook, Sheryl Sandberg, Sandberg, Peter Romer, Friedman, " Romer, Facebook's, Hirst, Meera Senthilingam, Seth Fiegerman, Carlotta Dotto, Carolina Moscoso, Tal Yellin, Damian Prado, David Blood, Gabrielle Smith Organizations: CNN, Facebook, Global, Facebook's, des, UK, Human Rights, Commissioner's, Meta, US, Employment, Commission, Real Women, Trucking, Ad, Ireland, Fondation des, Amnesty, Employment Opportunity Commission, University of Southern, Real, Data Locations: Europe, France, Netherlands, Canada, United States, India, South Africa, United Kingdom, Indonesia, University of Southern California
Stanford, UCLA and USC are in the top 10 schools with grads who have gotten private startup funding. Stanford University, the University of California, Berkeley, and the University of Southern California rank among some of the top schools to produce startup founders that recently got private funding, according to Crunchbase. Other California-based colleges to make the list of schools include the University of California, Los Angeles, University of California, San Diego, and the California Institute of Technology. The data also details the business schools that some of the startup founders attended. The fact that hundreds of new startup founders have been able to secure funding is a bit surprising considering the current state of the venture capital industry.
Persons: grads, Crunchbase, Larry Page, Sergey Brin, Apple, Steve Wozniak, Gordon Moore, Marc Benioff, That's Organizations: Stanford, UCLA, USC, Morning, Stanford University, University of California, University of Southern, Berkeley, Los Angeles , University of California, California Institute of Technology, Stanford Business School, UCLA Anderson School of Management, Haas School of Business, Google, Intel, Salesforce, Tech, Venture Locations: Six California, Berkeley, University of Southern California, California, Los Angeles, San Diego, North America
She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. OPMs have helped fuel the student debt crisis, saddling may students with tens of thousands of dollars worth of debt and an uncertain future.
Persons: Iola Favell, Favell, Rossier, Zavareei, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, , Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, Zavareei LLP, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, , Pennsylvania, Massachusetts
Securonomics is fuzzy new lodestar for investors
  + stars: | 2023-06-02 | by ( Felix Martin | ) www.reuters.com   time to read: +7 min
During the era of free trade and financial liberalisation, the politicians danced to the economists’ tune. President Joe Biden’s National Security Advisor explained that the era of unqualified support for free markets is over. The state will explicitly subsidise “specific sectors that are foundational to economic growth (or) strategic from a national security perspective,” Sullivan explained. Internationally, meanwhile, free trade is no longer the pole star. Sullivan’s 5,000-word speech devoted just three sentences to the World Trade Organization.
Persons: Rachel Reeves, Jake Sullivan, Joe Biden’s, ” Sullivan, Jacob Soll, Jean, Baptiste Colbert, Alexander Hamilton, Adam Smith, securonomics, Colbert, Hamilton, Christine Lagarde, Lagarde, , Soll, Peter Thal Larsen, Pranav Kiran Organizations: Reuters, Labour, Bank of England, White, U.S . Treasury, U.S . Trade Representative, Joe Biden’s National, Biden, offshoring, World Trade Organization, Industries, BAE Systems, Dow, Aerospace, Defense, U.S, Treasury, University of Southern, European Central Bank, Soviet, Russia, Thomson Locations: Washington, Tellingly, States, French, Scottish, University of Southern California, China, United States, Europe, Saudi Arabia
Red light therapy: How it affects sleep
  + stars: | 2023-06-01 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —Red light therapy has been found to be helpful for skin health, wound healing, hair growth among people with alopecia and pain management. “That’s why when we talk about blue light or red light, we’re not talking about a red-colored light bulb. A 2019 study led by Figueiro looked into whether delivering red light to closed eyes during sleep — using a red light mask — and to open eyes upon waking — via red light goggles — reduced sleep inertia among 30 adults. In other words, it might be that any benefits come from replacing the light you’re exposed to before sleep with red light, rather than adding the latter during sleep. The bottom line is that when it comes to sleep, “what’s better than red light is no light,” Dasgupta said.
Persons: , Raj Dasgupta, , ” Dasgupta, , Dasgupta, Joshua Tal, Mariana Figueiro, Figueiro, who’s, ” Figueiro Organizations: CNN, US Centers for Disease Control, University of Southern California’s Keck School of Medicine, Mount Sinai, Health Research Center, Icahn School of Medicine Locations: China, New York City, Mount Sinai
She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. But beyond scandals, the everyday business of OPMs is leaving many online students with exorbitant bills, despite how cheap it is to administer the courses.
Persons: Iola Favell, Favell, Rossier, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, , Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, , Pennsylvania, Massachusetts
Poem: Ladies of the Sarasota Sewer
  + stars: | 2023-05-25 | by ( Jackie Wang | Anne Boyer | ) www.nytimes.com   time to read: +1 min
Ladies of the Sarasota SewerBy Jackie Wangin those dayswe ate garbage for every meali dove in the dumpsters withthe atlanta boysgot chubby on a bucketof expired breakfast barsfine dining was stealingcontinental breakfastat all the nearby hotelsfilching lukewarm dannonyogurts and bananasfrom the mediocre spreadonly once we were caughtthey gave us a billwe had no moneyi said i would go hometo try to get some moneyand when i leftthey let you go without payingthinking i had left you in the lurchall the love i see is gonewe lived on fumesthe adrenalin of ourbreaking bonesAnne Boyer is a poet and an essayist. Her memoir about cancer and care, “The Undying,” won a 2020 Pulitzer Prize for general nonfiction. Jackie Wang is a poet, a scholar, a multimedia artist and an assistant professor of American studies and ethnicity at the University of Southern California, where she researches race, surveillance technology and the political economy of prisons and police. She is the author of “Carceral Capitalism” (Semiotext(e), 2018), the poetry collection “The Sunflower Cast a Spell to Save Us From the Void” (Nightboat Books, 2021), which was a National Book Award finalist, and the forthcoming experimental essay collection “Alien Daughters Walk Into the Sun” (Semiotext(e), 2023).
In 2013, Tiffany Sorya responded to a Craigslist ad and began tutoring Kylie and Kendall Jenner. I did well in high school, but my freshman year of college was a struggle and my grades plummeted. Now I run Novel Education Group, a homeschooling agency that caters to the children of celebrities, royalty, and ultra-high-net-worth families. After graduating in 2010, I moved to Los Angeles and began tutoring through an agency while homeschooling students on the side. Since 2020, we've also started working with families in Saudi Arabia, some of whom are royalty.
Persons: Tiffany Sorya, Kylie, Kendall Jenner, Sorya, , Kris Jenner, Kendall, Jenner, haven't, Dre's, Kylie's, Stormi, we've, I've Organizations: Education, Service, Craigslist, University of Southern, NDAs Locations: New York City, Cambodia, France, Portland , Oregon, Los Angeles, Laurel, America, University of Southern California, Caribbean, Saudi Arabia, Riyadh
There are three routes lawmakers and regulators could use to add coverage for weight-loss drugs. Older Americans hoping to get their hands on powerful weight-loss drugs such as Ozempic and Wegovy may find it impossible to access them. Should Medicare cover weight loss medication, it could also unlock access for people who have private coverage. "A decision by Medicare to cover weight-loss drugs would put pressure on employers and other private insurers to cover weight-loss drugs too," said Tricia Neuman, a senior vice president at KFF who co-authored a recent brief on the subject. There are three potential strategies that could be used to expand Medicare coverage to weight-loss drugs.
A majority, 70% of Gen Zers consider freelancing to be as viable a career option as a typical office job, according to a February 2023 Fiverr survey of 7,121 Gen Zers from around the world. Gigi Robinson, 24, influencerGigi Robinson, 24, had long struggled with chronic illnesses like Ehlers Danlos Syndrome and endometriosis. When he moved to Boca Raton, Florida, at 15, he started making videos about what it was like for a Brazilian to live in the U.S. And those gained some traction. But though he'd hoped YouTube would become his full-time gig, the channel wasn't making much. He'd also started hiring freelancers to take on some of the work from his clients.
USC, the NCAA and the Pac-12 Conference, which is also named in the complaint, did not immediately respond to requests for comment on Friday. The board in December had said it found merit to charges filed by a group of USC players seeking to be treated as employees, and said it would issue a complaint absent a settlement. The U.S. Supreme Court in 2021 struck down the NCAA's limits on non-cash compensation for athletes, such as scholarships and paid internships. Several states including California have passed laws letting college athletes profit from their name, image and likeness rights. The USC case is the first filed by the board since its top lawyer, in a 2021 memo, asserted that college athletes should be classified as employees because they provide services that generate profits controlled by their schools.
Trader Joe's CEO Dan Bane will retire in July, the grocery store chain said on Monday. "I take great pride that together we have made Trader Joe's the best grocery store in America," Bane said, according to Trader Joe's. With Bane's retirement will come the promotion of Bryan Palbaum to Chairman and CEO and Jon Basalone to Vice CEO, Trader Joe's said. Under Bane, Trader Joe's stuck to a leaner operating strategy than most other US grocery stores. California-based Trader Joe's is owned by the same family who owns Aldi Nord, a German chain of discount grocery stores.
Before he became the president of Marvel Studios, Kevin Feige was rejected over and over. In fact, it "might just be the greatest thing that can happen to you," he said in a speech. He got his required courses out of the way while continually re-applying to his preferred program, finally getting accepted. Bad luck 'can be a positive'Robert Downey Jr. was not Marvel's first choice for the role of Iron Man. That right choice turned out to be Downey, who played the role of Iron Man in 10 movies spanning more than a decade, including some of the highest-grossing films in history.
As part of the largest college-admissions scam ever prosecuted, some parents allegedly paid others to create fake photos of their children as top athletes. WSJ finds out just how easy it is to manipulate photos by asking an expert to combine pictures of Tom Brady and Bradley Cooper. Photos illustration: David StarrA federal appeals court vacated the convictions for two parents who were found guilty of fraud in 2021 as part of the Varsity Blues college-admissions cheating case, highlighting the contentious legal claims underpinning the original charges. A jury ruled in October 2021 that Gamal Abdelaziz and John Wilson were guilty of conspiracy to commit fraud and conspiracy to commit bribery involving a school that receives federal funds—in their case, the University of Southern California. Prosecutors alleged they had worked with corrupt college counselor William “Rick” Singer to make illicit payments and pretend their children were star athletes to secure spots for them at top universities.
Experiencing negative changes in workplace leadership and fairness was associated with the strongest long-term impact on a worker's sleep. LumiNola/E+/Getty ImagesSleep problems included initiating or maintaining sleep, poor-quality sleep and daytime tiredness two to four times a week that lasted one month to three months. Within a two-year period of time, over half of the participants (53%) reported changes in their workplace environment. However, if the changes at work were negative, sleep issues increased — in fact 1 in 4 people in the study with a worse job environment developed problems getting enough rest. Having negative changes in the leadership and fairness sector was associated with the greatest long-term impact on sleep, more than negative changes in coworker relationships or collaboration, the study found.
Graduates of USC's Master of Social Work program sued the school last week. They accused it of misrepresenting the online program and equating it to the on-campus program. Stephanie Luna, the lead plaintiff in the lawsuit, graduated the program in 2021 and she paid over $110,000 for the online social work program, according to the lawsuit. She now has $100,000 in student debt and said she would not have enrolled in the program had she known the online program was not the same as on-campus. The lawsuit is seeking an order to prevent USC from misrepresenting the online social work program to future students, along with tuition reimbursement to compensate online students for differences in the online and on-campus degrees.
LeBron James’s immediate goal is to win another N.B.A. championship with the Los Angeles Lakers. But longer term, he wants to play in the league with his older son, LeBron Jr., who goes by Bronny, beginning in 2024. “I need to be on the floor with my boy,” James told ESPN in January, recalling a situation from his childhood in which Ken Griffey and his son, Ken Griffey Jr., played for the Seattle Mariners. He was seated at courtside Saturday night as the Lakers took a 2-1 lead in their Western Conference semifinal series with the Golden State Warriors.
Mr. Presley, 45, is one of three elected members of the state Public Service Commission, which regulates utilities, and is the former mayor of Nettleton, a small town in the bright-red northeast section of Mississippi. His most effective tactic is his unrelenting attack on Mr. Reeves and the welfare scandal that has swirled around him and the previous Republican governor, Phil Bryant. At the same time, the state was rejecting a large majority of requests from families for Mississippi’s meager $170 a month in welfare payments. Mr. Reeves was lieutenant governor when all this was going on, and several people at the center of the scandal have been his friends and supporters. That was all Mr. Presley needed.
CNN —American sprinter and long jumper Tori Bowie – a three-time Olympic medalist and a two-time world champion in track and field – has died, according to her agent, Kimberly Holland. Holland told CNN on Wednesday that Bowie was found dead at home in Florida and that the cause of death is not known yet. “We’re devasted [sic] to share the very sad news that Tori Bowie has passed away,” an Instagram post from Bowie’s representation and Holland’s company, Icon Management Inc., said. A native of Sandhill, Mississippi, Bowie was a three-time All-American at the University of Southern Mississippi. Her last appearance on the world stage was in 2019 at the world championships in Doha, when she finished fourth in the long jump.
"The fiscal recklessness of the last decade has been like watching a horror movie unfold." That's according to billionaire investor Stanley Druckenmiller, who has been raising the alarm about US deficits for several years. "The fiscal recklessness of the last decade has been like watching a horror movie unfold," he said in a Monday speech at the University of Southern California, according to Bloomberg. To Druckenmiller, spending on Social Security, Medicare and Medicaid will have to be cut in the future, if not today. Druckenmiller also laid responsibility on the Federal Reserve, as its easy-money policies encouraged market and spending recklessness for over a decade.
Tori Bowie, World Champion Sprinter, Is Dead at 32
  + stars: | 2023-05-03 | by ( Daniel E. Slotnik | ) www.nytimes.com   time to read: +1 min
Bowie’s world championship title came the next year in London in a dramatic 100-meter race. Ivory Coast’s Marie-Josée Ta Lou sprung into the lead and seemed well ahead of the rest of the pack. But near the end of the race, Bowie accelerated, caught up to Ta Lou and leaned through the finish line ahead of her, then tumbled to the ground. Bowie won another gold at that world championship, in the 4x100 relay. Bowie went to the University of Southern Mississippi, where she became the national champion in the long jump in 2011.
WASHINGTON, DC - APRIL 19: The Supreme Court of the United States, on Wednesday, April 19, 2023 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images)WASHINGTON — Back in 1923, the Supreme Court had issued 157 rulings by May 1 in a term that started the previous fall. Nevertheless, the slow pace at which rulings have been issued this term has started to attract scrutiny from court watchers. In both 2022 and 2021, the court had decided 25 cases by May 1, according to Feldman. Court experts differed on whether the crunch would have any impact on how the court actually decides cases.
But time spent waiting robs early patients of their memory and ability to live independently. This condition is often, though not always, a sign of early Alzheimer's disease. PET scans cumbersomeTwo types of tests can diagnosis Alzheimer's disease: PET scans and spinal taps. Early Alzheimer's disease can also be diagnosed with a spinal tap, in which fluid around the spinal cord is extracted with a catheter and tested. He believes big players like CVS will provide infusions for Alzheimer's disease on a major scale if they see there's a large and stable market.
The Sulacks weighed their options: Have a transplant with a match that was less than ideal – far less – or wait for gene therapy to become available. The news release didn’t say anything else about the SCID gene therapy. Or was the company abandoning its plans for SCID gene therapy altogether? In February, 2021, the parents of more than 20 children who were waiting for the gene therapy treatment, including the Sulacks, wrote a letter to Gaspar. Insurance companies have sometimes balked at paying for gene therapy, which is typically given in one treatment.
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