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☆ Nevada Sen. Catherine Cortez Masto wins reelection over Republican Adam Laxalt, NBC News projects
▼ + stars: | 2022-11-12 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

U.S. Sen. Catherine Cortez Masto (D-NV) speaks at a campaign rally for Nevada Democrats at Cheyenne High School on November 01, 2022 in North Las Vegas, Nevada. Sen. Catherine Cortez Masto, D-Nev., won her reelection bid against former state Attorney General Adam Laxalt, defending a swing-state seat for the Democrats, NBC News projected. Cortez Masto has represented Nevada in the U.S. Senate since 2017, the first Latina elected to the chamber. The former state attorney general replaced the late Sen. Harry Reid, who held the seat from 1987 to 2017. Cortez Masto served two terms as Nevada's attorney general from 2007 to 2015.

☆ Watch the moment the UN Secretary-General realizes he's reading the wrong speech at COP27
▼ + stars: | 2022-11-11 | by ( ) edition.cnn.com time to read: 1 min

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☆ Tech CEOs all made the same dumb mistake, thinking the pandemic boom would last forever. Now employees are paying the price with massive layoffs.
▼ + stars: | 2022-11-09 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg took accountability for the mistake that led to this week's 11,000 job cuts at Meta. That mistake: Thinking the pandemic-era good times for tech would last forever. Many other tech companies made the same mistake. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended," Zuckerberg wrote in a memo to employees on why he's cutting 11,000 jobs at Meta. Startups raised money in eye-watering amounts, even as the major tech companies saw their share prices soar.

☆ Les Moonves, CBS to pay $30 million in settlement with NY AG over sexual misconduct allegations
▼ + stars: | 2022-11-02 | by ( Frank Pallotta | ) edition.cnn.com time to read: +4 min

New York CNN Business —Leslie Moonves, former chief executive officer of CBS, and CBS reached a $30.5 million settlement with the office of the attorney general of New York, Letitia James, on Wednesday. Moonves stepped down as CBS’ chief executive in 2018 following multiple sexual misconduct allegations. The exit marked the end of Moonves’ tenure atop one of the most powerful companies in the media world. Moonves denied the allegations. Moonves himself must pay $2.5 million, which will also go to CBS shareholders.

☆ Debris from a Russian missile that was shot down landed outside Ukraine, officials say, in a rare instance of fighting spilling over the country's borders
▼ + stars: | 2022-10-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russian forces launched a fresh barrage of missile strikes on Ukraine on Monday morning. Debris from one missile that was shot down landed in a small village in northern Moldova. The incident was a rare moment that saw fighting spill over Ukraine's borders into a neighboring country. "The appalling strikes on critical infrastructure reverberate beyond Ukraine's borders and pose a direct threat to Moldova's energy — and human — security." Monday's incident came as Russian forces fired a barrage of cruise missiles targeting critical infrastructure in Ukraine.

NBC News, in collaboration with the International Consortium of Investigative Journalists, The Washington Post, and Arab Reporters for Investigative Journalism, interviewed more than 40 current and former employees of contractors at military bases. According to an NBC News analysis, at least 10 companies with substantiated trafficking violations since 2007 have received billions in new government contracts. ‘Mad scramble’Foreign workers are crucial for the more than 700 military bases with U.S. service members around the world. One company that continues to get work at Middle East bases despite past violations documented in an Army compliance agreement is Tamimi, Abdulla’s employer. Lusambu Karim, a 50-year-old Ugandan, told NBC News about trafficking violations he said he encountered working for Aegis in Afghanistan from 2018 to 2020.

☆ The Mechanics of Russia’s Nuclear Arsenal, Explained
▼ + stars: | 2022-10-24 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why Everything Is On Sale: The Bullwhip Effect If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.

☆ Fire-razed lots in Colorado are going for up to $1.5 million as buyers bet on recovery from a wildfire that destroyed 1,000 homes. The prices signal that the appeal of the mountains still trumps clima
▼ + stars: | 2022-10-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +8 min

In late 2021, a wildfire tore through the Boulder suburbs and destroyed nearly 1,100 homes. Roughly 10 months after that blaze, known as the Marshall Fire, the vast majority of the burned lots remain vacant. "Open space with the ability to build what you want — that really doesn't exist in Boulder County," Jennifer Eiss, a Boulder real-estate agent with Compass, said. The median sale price for Marshall Fire lots that sold in the third quarter was $416,000, according to MLS data. Newer, more-sustainable building methods, combined with an emphasis on protective borders around homes, could help mitigate fire risks, Pechet said.

☆ What happened to Lara Logan? How the journalist went from respected war correspondent to right-wing radical
▼ + stars: | 2022-10-21 | by ( Ashley Collman | Lauren Frias | ) www.businessinsider.com time to read: +1 min

It was around this time that Logan first started overtly expressing her political views, including criticizing a fellow reporter whose profile of a general resulted in that official's firing, New York Magazine reported. In an appearance on CNN's Reliable Sources, Logan speculated that Hastings published comments McChrystal made off the record, and therefore not meant for publishing. But Hastings told CNN during the same show that no ground rules were laid out for the story and he assumed his talks with McChrystal were on the record. "Michael Hastings has never served his country the way Commander McChrystal has," Logan said. Source: New York Magazine

During the pandemic, states and insurers overnight did what years of advocacy for telemedicine had failed to accomplish. During the pandemic, states and insurers overnight did what years of advocacy for telemedicine had failed to accomplish. It also increases patients’ access to critical information because they can see their own charts and ask questions at any time. Telemedicine access in rural areas is particularly urgent given how many hospitals in these places are shuttering their doors. Whatever the reasoning, navigating the politics and funding streams of our complicated health care system oftentimes takes years to create lasting, positive change.

☆ Liz Truss Announces Resignation as U.K. Prime Minister
▼ + stars: | 2022-10-20 | by ( ) www.wsj.com time to read: 1 min

Why Everything Is On Sale: The Bullwhip EffectIf it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.

The Office of the Inspector General, under the leadership of Robert J. Devlin Jr., is one of multiple agencies investigating the officer's use of force. On Saturday, as it released that dramatic and potentially disturbing video, the watchdog stopped just short of calling Iurato a hero. The suspected gunman fired more than 80 rounds during the siege, the Office of the Inspector General said. The Office of the Inspector General said Sunday that it appears the officer's use of force was justified. The Bristol Police Union did not immediately respond to a request for its response to the bodycam footage.

☆ Watch: Ukrainian Police Shoot at Kamikaze Drone as Strikes Hit Kyiv
▼ + stars: | 2022-10-17 | by ( ) www.wsj.com time to read: 1 min

Why Everything Is On Sale: The Bullwhip EffectIf it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.

☆ Argentine executives expect already sky-high inflation to go higher
▼ + stars: | 2022-10-14 | by ( Jorge Otaola | ) www.reuters.com time to read: +2 min

BUENOS AIRES, Oct 13 (Reuters) - Argentina's surging inflation will just keep rising, according to the vast majority of executives surveyed in a poll released on Thursday, even though consumer prices are already on pace to end this year in triple digits. The poll conducted by D'Alessio IROL consultancy showed that 70% of executives who responded to the survey believe inflation will increase "significantly" this year while another 21% see a "moderate" rise in consumer prices. Register now for FREE unlimited access to Reuters.com RegisterOnly 4% think the inflation rate will stay flat, while 5% think it will go down a little. Some of the executives surveyed were also downbeat on their general expectations for Argentina's financial and economic wellbeing, with 10% saying the future will get "much worse" and nearly 40% expecting the future to be only "moderately worse." The business leaders criticized government's efforts to rein in price spikes, which include foreign exchange interventions, as well as some trade barriers.

☆ Aide tells FBI Trump ordered boxes moved at Mar-a-Lago - report
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +3 min

Former U.S. President Donald Trump holds a rally ahead of the midterm elections, in Mesa, Arizona, U.S., October 9, 2022. The testimony of the key witness, coupled with surveillance footage the Justice Department also obtained, represent some of the strongest known evidence to date of possible obstruction of justice by the former Republican president. The New York Times separately reported on Wednesday that Trump aide Walt Nauta was captured on security camera footage from Trump's Mar-a-Lago estate in Palm Beach moving boxes out of a storage area at the center of the investigation. The employee who was working at Mar-a-Lago was cooperating with the Justice Department and has been interviewed multiple times by federal agents, the Post reported. The Justice Department declined to comment on the Washington Post's report, and could not immediately be reached for comment on the New York Times article.

☆ Jeffrey Katzenberg is done with media after 'riding that Quibi rocket ship into the ground.' Here's why he's betting on cybersecurity and VPNs.
▼ + stars: | 2022-10-12 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +13 min

Katzenberg, a co-founder of DreamWorks and former chairman of Walt Disney Studios, founded another high-profile media venture, Quibi, in 2018. Jeffrey Katzenberg: Our areas of focus when we started were software as a service, best-in-class digital technology, and consumer technology. And then we recognized that digital media wasn't actually going to be successful for us, or frankly for anybody else. What's your outlook at the moment for traditional media companies, big tech, and streaming? What's the right sequencing, what's the right windowing, where's the greatest value creation coming for all parties involved — that's the testing that's going on.

☆ The Fed's September minutes fail to address challenges to financial stability, says Mohamed El-Erian
▼ + stars: | 2022-10-12 | 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 EmailThe Fed's September minutes fail to address challenges to financial stability, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Closing Bell' to discuss problematic market outlook for economic growth, the potential need for the market to price in liquidity risk, and general remarks following the September Fed meeting minutes.

The witness initially denied handling sensitive documents and in subsequent conversations with agents admitted to moving boxes at Trump’s request, the newspaper reported. The Justice Department did not immediately respond to a request for comment. Budowich accused the Justice Department of leaking "misleading and false information" to the media. The Trump Organization also is set to go on trial on Oct. 24 on New York state criminal tax fraud charges. Separately in Georgia, a grand jury in the Fulton County is probing efforts by Trump to overturn the former president's 2020 election defeat.

☆ Las Vegas Leads in Water Conservation Amid Worst Drought in 1,200 Years
▼ + stars: | 2022-10-11 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Why the Federal Reserve won't be so quick to ease up on its fight against inflation
▼ + stars: | 2022-10-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal yet that they're willing to tolerate a recession as the necessary trade-off for regaining control of inflation. That's monetary policy in this era of rapid inflation, swooning economic growth and heightened fears over what could go wrong. "But I would argue that they're still being overly optimistic at which the inflation rate is going to decelerate on its own." "Right now, the pain that I hear, the suffering that people are telling me what they're going through, is on the inflation side," she said during a talk at the Council on Foreign Relations.

☆ See every stock trade House Speaker Nancy Pelosi's husband, Paul Pelosi, has made since 2021
▼ + stars: | 2022-09-29 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Speaker Nancy Pelosi's husband is making massive stock trades as Congress mulls whether to ban lawmakers and their spouses from trading. Insider compiled each of Paul Pelosi's trades that the speaker has reported since 2021. As members of Congress debate whether lawmakers and their spouses should play the stock market, House Speaker Nancy Pelosi's husband, Paul Pelosi, a venture capitalist, continues to regularly buy and sell stocks and stock options. When asked in December 2021 whether members of Congress should even be allowed to trade stocks, Pelosi answered in the affirmative. Here are all of the trades reported by Speaker Nancy Pelosi in 2021 and 2022:

☆ I made $178,000 after flipping a website I bought for $52,000 last year. Here are the SEO strategy and tools I used to increase its value.
▼ + stars: | 2022-09-20 | by ( Pollyanna Brown | ) www.businessinsider.com time to read: +6 min

Money wasn't my motivator, but I was monetizing themOnce I sold those businesses, I realized I needed a new source of consistent monthly income. To replace my monthly income, I dove deeper into content marketing by becoming more knowledgeable about certain topics and creating helpful content for people searching the internet. For the most part, I taught myself content marketing. The website was generating income, but it was clear to me that the seller was leaving money on the table. I knew that with minimal work, I could increase the income the site generated, so it made sense to buy it.

☆ GOP megadonor Peter Thiel to host fundraiser for Arizona Senate candidate Blake Masters
▼ + stars: | 2022-09-20 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Republican megadonor Peter Thiel is hosting a fundraiser at his Los Angeles home next week for Arizona Senate candidate Blake Masters after GOP officials asked the tech mogul for more money heading into the final stretch of the November midterm elections. The move by Thiel to host Masters comes as donations from the tech mogul to separate super PACs supporting Masters and Ohio Senate candidate J.D. Republican leaders and campaign officials, including Senate Minority Leader Mitch McConnell, R-Ky., have reportedly asked Thiel to help Vance and Masters in the general election. Vance and Masters both worked with Thiel before they launched their Senate campaigns. Vance once worked at investment firm Mithril Capital, which was co-founded by Thiel, while Masters was the chief operating officer at Thiel Capital.

☆ Trump thought that he, as president, could prosecute Clinton and Comey, book says
▼ + stars: | 2022-09-19 | by ( Erin Snodgrass | Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Donald Trump once threatened to use his role as president to prosecute his political foes. A White House attorney had to explain to the then president that he had no such power. The episode was chronicled in "The Divider," a new book obtained by Insider ahead of its publication. "You can't prosecute anybody," McGahn told Trump, according to the book. Several former Trump White House and government officials have since recounted similar stories that suggest the former president was unfamiliar with the logistics of his newfound position.

For Quiñones and other Puerto Ricans, the continuing fragility of Puerto Rico's power grid five years later is a constant source of concern in a region that expects the possibility of hurricanes every fall. “Five years later, we are still exposed to the same risk,” Marxuach, who recently completed an analysis on the state of Puerto Rico’s electric power system, said. On Sunday afternoon, an islandwide blackout was reported as the eye of Fiona neared Puerto Rico's southwestern coast. Hurricane Maria devastated Puerto Rico on Sept. 20, 2017. In the meantime, residents were getting ready for another tropical storm, albeit one less destructive than Hurricane Maria.

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