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☆ Citing 'death threats,' Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet
▼ + stars: | 2023-03-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The Alliance For Hippocratic Medicine wants Judge Kacsmaryk to nullify the FDA's medical approval of mifepristone, which would effectively ban the abortion pill across the US. But Kacsmaryk asked the attorneys to not to publicize the hearing, citing security concerns. Those present at the Friday conference call included lawyers from the Justice Department, the abortion pill maker Danco Laboratories, and a group that opposes abortion called the Alliance Defending Freedom. A group of physicians who oppose abortion called the Alliance for Hippocratic Medicine asked Kacsmaryk in November to order the Food and Drug Administration to withdraw its approval of the abortion pill mifepristone. The abortion pill has become the central flashpoint in the legal battle over access to abortion in the wake of the Supreme Court's ruling that overturned Roe v. Wade last June.

☆ Judge shares date of abortion pill hearing after media outlets criticize him for secrecy
▼ + stars: | 2023-03-13 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

A federal judge in Texas publicly disclosed that he scheduled a hearing in a case seeking to overturn the Food and Drug Administration's approval of the abortion pill mifepristone, after media outlets criticized him for attempting to keep the proceedings secret until the last minute. The hearing will take place in Amarillo, Texas. Media outlets filed a letter on Monday urging Kacsmaryk to disclose the date of the hearing immediately. The outlets included NBCUniversal News Group, of which CNBC is a part, The Washington Post, ProPublica, the Texas Press Association and Gannett, among others. They argued that the way the FDA approved mifepristone violated federal law.

☆ Facebook and Google are handing over user data to help police prosecute abortion seekers
▼ + stars: | 2023-03-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Police make requests for social media user data to aid prosecution after a crime has been committed. ProPublica found similar web trackers that capture user data on the sites of at least nine online pharmacies that offer abortion pills by mail, including Abortion Ease, BestAbortionPill.com, PrivacyPillRX, PillsOnlineRX, Secure Abortion Pills, AbortionRx, Generic Abortion Pills, Abortion Privacy, and Online Abortion Pill Rx. Private content by users — such as location data or messages — requires law enforcement to obtain a warrant before it can be turned over. She said because the platforms themselves are unlikely to prioritize user privacy, the burden to do so falls on the individual user. "All the angst directed social media services for being a pawn in law enforcement's game seems misdirected to me.

☆ Does anyone want to stay in investment banking these days?
▼ + stars: | 2023-02-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Banker salaries will get you in first class, but the potential total comp at PE firms and hedge funds will get you flying private. PE firms have been known to grind through people, but nothing quite compares to life at an investment bank. An investment bank's analyst program remains the go-to route to get your foot in the door on the Street. Click here to read more about salaries being offered by top PE firms to 2024 associates. All kidding aside, this deep dive by ProPublica is a fascinating look into how investment firms are helping the ultrarich save on taxes.

☆ Here's how the wealthy skirt taxes with 'wash sales'
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how the wealthy skirt taxes with 'wash sales'Paul Kiel, ProPublica reporter, joins 'Squawk Box' to discuss the history of 'wash sales,' understanding the tax policy, and more.

☆ Inside Ken Griffin's rise to one of Wall Street's most powerful people, and why politics could be next
▼ + stars: | 2023-01-23 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +30 min

JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.

☆ Fact Check-Fabricated Ayanna Pressley tweet claiming IQ is a measure of whiteness shared online
▼ + stars: | 2023-01-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Rep. Pressley never tweeted this.”A Twitter advanced search did not reveal any such post published via Pressley’s official Twitter account (archive.is/wip/5bhz5). Archived versions of her Twitter account saved on June 17, 2021, similarly, do not reveal the tweet (here). An archive of Pressley’s deleted tweets saved via ProPublica's Politwoops does not reveal any such deleted post first published on June 15, 2021 (here similar archive of Pressley’s deleted Twitter posts saved via Polititweet does not reveal the post (here). Google advanced search does not reveal any media articles reporting on the purported tweet, and instead, reveals iterations of the image shared via meme sites such as iFunny (archive.is/wip/sHwuX). No such tweet was published by Rep. Pressley.

☆ FTX money trails leading to politicians, media, and other crypto exchanges point to the deep influence of Sam Bankman-Fried
▼ + stars: | 2023-01-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Here's what Bankman-Fried seemed to be aiming at: Stash money with all the right people, while lobbying for policy favorable to FTX. As CoinDesk reported this week, 37% of Congress took money from Bankman-Fried and other FTX executives. House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer were among the 196 senators and representatives that received funds. Other lawmakers included some who were just sworn into congressional ranks this month, which points to Bankman-Fried possibly seeking to hold sway over new members. GOLDMAN SACHS stock price on Jan. 19, 2023 Markets Insider10.

☆ TurboTax has lobbied against a free tax filing system for decades. Its head says the US' path toward one is 'unquestionably a conflict of interest.'
▼ + stars: | 2023-01-18 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

The Inflation Reduction Act passed last summer allots funds to explore a free federal tax filing service. The head of TurboTax's parent company says that a government-run tax filing service would be unethical. Intuit, a global financial technology platform, owns TurboTax, one of the leading paid tax filing services. In the US, tax filing services like TurboTax and H&R Block spend millions of dollars lobbying against free tax filing services. Commercial providers such as TurboTax and Tax Act offer their own free services for those earning under a certain amount.

☆ Sam Bankman-Fried's $10 million in investment in Semafor will be held in custody until authorities decide its fate
▼ + stars: | 2023-01-18 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried invested $10 million in news startup Semafor, according to the New York Times. But the scale of Bankman-Fried's investment was unknown until Wednesday's New York Times report. His $10 million investment was part of an initial funding round that raised a total of $25 million. Smith also has maintained that SBF's investment didn't give him any tangible shares in Semafor thanks to its dual-class ownership. If Bankman-Fried's stake had been converted to equity, then he would have been entitled to a single-digit minority stake, according to the Financial Times.

☆ A Virginia bill would allow a pregnant driver to use the HOV lane by counting the fetus as a person, proving that despite recent failures the fight for fetal personhood is far from over
▼ + stars: | 2023-01-15 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

A Virginia bill would grant a fetus personhood to permit a pregnant driver to use the high-occupancy lane. It follows a similar case where a Texas woman fought a traffic ticket for driving while pregnant in the HOV. The fight over fetal personhood is far from overIn October, the US Supreme Court declined an appeal on the question of whether fetuses have constitutional rights, according to Reuters. The movement to establish fetal personhood began in 1973 following the Roe decision, and US lawmakers were trying as early as 1983 to establish fetal personhood at the national level, according to ProPublica. As of now, Alabama, Arizona, Georgia, and Missouri have some kind of fetal personhood laws on the books, PBS and NPR-affiliate GPB News reported.

☆ How the job of Amazon delivery has changed with Rivian's electric vans and routing software
▼ + stars: | 2023-01-14 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

For now, most Amazon drivers are still in about 110,000 gas-powered vans — primarily Ford Transits, Mercedes-Benz Sprinters and Ram ProMasters. Amazon wouldn't share how it determines which of its 3,500 third-party delivery firms, or delivery service partners (DSPs), are receiving Rivian vans first. Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Amazon vans have driver-facing cameras inside, which can catch unsafe driving practices as they happen. For example, an Amazon driver in Missouri was found dead in a front yard in October, allegedly after a dog attack.

☆ A Dollar General clerk is charged with manslaughter after police say he shot and killed an armed robber. The clerk said it was the 6th attempted armed robbery at the store since August.
▼ + stars: | 2023-01-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

A Dollar General employee is facing charges following an armed robbery that left the suspect dead. According to the police report, Rafus Anderson was working at the Dollar General in downtown Monroe on Monday when an armed suspect robbed the store. Dollar General did not immediately respond to Insider's request for comment. Discount retailers like Dollar General, Family Dollar, and Dollar Tree are opening more new stores than any other retail category in the US as Americans change their spending habits. Dollar General led the pack by a wide margin with more than 1,000 new stores, according to data from Coresight Research.

☆ Warren Buffett's deputy grew his retirement account from $70,000 to $264 million in under 30 years. He explained how to save a fortune, and why shrugging off losses is key.
▼ + stars: | 2022-12-31 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett's deputy grew his retirement fund from $70,000 to $264 million within 30 years. "In a perfect world, nobody would know about this account," Weschler told Sloan in an email, adding that he hoped the revelation would motivate people to start saving and investing early in their careers. The investor opened his individual retirement account (IRA) in 1984. "One of my personal investment mantras is that there's no such thing as a loss, it's just an unmonetized lesson," he told Sloan. The switch means he won't owe any taxes when he cashes out his retirement account.

Arizona Gov.-elect Katie Hobbs is taking the state’s child protective services agency in a radically different direction in the wake of a ProPublica-NBC News investigation into the racial disparities that have plagued the child welfare system here. This week, Hobbs, a Democrat, announced that she has selected Matthew Stewart, a Black community advocate, as the new head of Arizona’s Department of Child Safety. Arizona’s child welfare system has long disproportionately investigated Black families. After leaving DCS, Stewart formed the community organization Our Sister Our Brother, which has fought the department for more equitable treatment of Black and also low-income parents. Child welfare experts in the state and families affected by the system praised Stewart’s selection, though some wondered how much change he could bring about even in DCS’ top position.

☆ Kimberly Guilfoyle described January 6 organizers, including one of her friends, as gossipy 'Mean Girls' who had turf wars and complained about each other
▼ + stars: | 2022-12-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Kimberly Guilfoyle compared two female GOP organizers to the teenage girls in "Mean Girls." The exchange appeared in Guilfoyle's January 6 witness testimony before the House panel. Guilfoyle told the committee that Pierson and Wren's arguing was generally unpleasant to be around. "Like 'Mean Girls.'" Minutes later, Guilfoyle told the committee she considered Wren a friend, though she couched her explanation of their relationship.

House Democrats are scrutinizing why the Internal Revenue Service failed to fully audit Donald Trump's tax returns when he was in the White House, despite an agency policy mandating such a review. Some insight into the lapse came in a report Tuesday from the Joint Committee on Taxation (JCT), a bipartisan congressional panel that examined Trump's tax returns from 2015-20. The JCT report was issued Tuesday, after the House Ways and Means Committee voted to make Trump's 2015-20 tax returns public. Trump was the first president not to make his tax returns public since the 1970s. Neal is pressing for legislation that would require the IRS to publish and audit presidential tax returns.

☆ A Texas superintendent ordered school librarians to remove LGBTQ books. Now the federal government is investigating.
▼ + stars: | 2022-12-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Mike Hixenbaugh | ) www.nbcnews.com time to read: +11 min

The U.S. Education Department’s civil rights enforcement arm has launched an investigation into a North Texas school district whose superintendent was secretly recorded ordering librarians to remove LGBTQ-themed library books. The comments, combined with the district’s subsequent decision to remove dozens of library books pending a review, fostered a “pervasively hostile” environment for LGBTQ students, the ACLU wrote in its complaint. Last year, voters in Granbury elected a pair of school board members who campaigned against LGBTQ-affirming school curricula and library books. “These comments, combined with the book removals, really send a message to LGBTQ students in the districts that: ‘You don’t belong here. Lou Whiting, a student at Granbury High School, becomes emotional after speaking against the removal of LGBTQ books at a Granbury school board meeting in March.

Known in the legal world as the “death penalty” of child welfare, it can happen in a matter of months. One in 100 U.S. children — disproportionately Black and Native American — experience termination through the child welfare system before they turn 18, the study found. Still, longer timelines can also reflect a stronger focus on family reunification and a willingness to devote greater resources to meet that goal, child welfare experts say. And some child welfare advocates have criticized the law’s focus on narrow initiatives like parenting classes, which they say fail to address poverty and the other root causes of neglect that prompt most child welfare cases. Snodgrass said she never imagined when her child welfare case started that she could lose her rights to her children.

☆ ProPublica to return $1.6 mln received from Sam Bankman-Fried's foundation
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Dec 20 (Reuters) - Non-profit investigative news outlet ProPublica will return $1.6 million it received from the family foundation of FTX founder Sam Bankman-Fried, according to a staff memo seen by Reuters on Tuesday. "It does not seem appropriate to keep these funds," said executives at ProPublica in the memo, the content of which were first reported by Axios. ProPublica also said it had terminated its relationship with the foundation, called 'Building a Stronger Future'. Last month, FTX filed for U.S. bankruptcy protection and Bankman-Fried resigned as chief executive, after rival cryptocurrency exchange Binance walked away from a proposed acquisition. Meanwhile, several crypto firms are bracing for a hit from the FTX collapse as they have exposure in millions to the beleaguered exchange.

☆ Weaponizing Tax Returns
▼ + stars: | 2022-12-17 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Many norms have been broken in American politics in recent years, and one of them is the use of private tax returns as a political weapon. The trend is destructive, as a pair of events this week illustrate. The first is a useful lawsuit by hedge-fund manager Ken Griffin against the Internal Revenue Service seeking damages for the leak of his tax records to ProPublica. In June 2021 and in articles since, the left-wing website has published the confidential tax data of Mr. Griffin, who runs Citadel Securities, and other wealthy Americans.

☆ A market downturn hasn't made activist investing any easier. Here's why.
▼ + stars: | 2022-12-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But even with a market downturn, activist investors' campaigns haven't been the cakewalk some might expect. Insider's Daniel Geiger, Rebecca Ungarino, and Casey Sullivan spoke to industry insiders — including famed activist investor Carl Icahn — about why the current landscape isn't as accepting as some might think to activist campaigns. But when the going gets tough, the tough get going, and a difficult market environment doesn't mean we'll see the number of campaigns decrease. Click here to read more about why top activist investors like Carl Icahn say this line of work is riskier than ever. Here's a five-step plan to help you decide when that side gig you have should be the only gig you have.

☆ Billionaire Ken Griffin sues the IRS after his tax records were disclosed
▼ + stars: | 2022-12-13 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

ProPublica used IRS tax data provided by an anonymous source, and it's unclear how the data was obtained. Griffin reported an average income of $1.7 billion from 2013 to 2018, ProPublica said, citing his tax returns. Griffin was not listed as one of the billionaires who paid zero or low tax rates in any one year, and, in fact, the ProPublica tax information showed Griffin pays a higher effective tax rate than many top earners. The leaked tax returns sparked an uproar in Washington, which continues to escalate. "IRS employees deliberately stole the confidential tax returns of several hundred successful American business leaders," Griffin said in a statement.

Put another way, more Black children in metro Phoenix will go through a child maltreatment investigation than won’t. Almost all described a system so omnipresent among Black families that it has created a kind of communitywide dread: of that next knock on the door, of that next warrantless search of their home. Many Black families first moved there as a result of redlining and racial covenants that blocked them from renting or owning property elsewhere. In Maricopa County, Black children experienced child welfare investigations at one of the highest rates among large counties nationally, and nearly three times the rate of their white peers, from 2015 to 2019. But throughout the country, investigations were more pervasive among Black families.

☆ Herschel Walker had ties to two charities that appear to have engaged in little, if any charity
▼ + stars: | 2022-12-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +11 min

He was also featured in marketing material for the Livio Cares Foundation and was listed as a Livio Cares Partner. However, there is no evidence Livio Cares engaged in philanthropic activities. According to ProPublica's Nonprofit Explorer, Walker was listed as the director of VMP Nutrition Foundation in Fort Worth, Texas. According to the Texas Comptroller of Public Accounts website, the right to transact business in Texas for VMP Nutrition as well as VMP Nutrition Foundation is listed as "forfeited." In 2017, VMP Nutrition and its founder Rodriguez settled a lawsuit filed by Southside Bank for an alleged failure to repay a $2,795,534 lien.

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