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“I think presidents have bought into this canard that they’re independent, and that’s one of the reasons why they’ve accumulated so much power over the years,” Mr. DeSantis said. Mr. Trump has portrayed his legal troubles as stemming from politicization, although there is no evidence Mr. Biden directed Attorney General Merrick Garland to investigate Mr. Trump. Under Mr. Garland, Trump-appointed prosecutors are already investigating Mr. Biden’s handling of classified documents and on Tuesday secured a guilty plea from Mr. Biden’s son, Hunter, on tax charges. Especially since Watergate, there has been an institutional tradition of Justice Department independence from White House control. This is particularly seen as true for cases involving a president’s personal or political interests, such as an investigation into himself or his political opponents.

Persons: ” Mr, DeSantis, “, DeSantis’s, Griffin, Trump, Biden, General Merrick Garland, Garland, Biden’s, Hunter Organizations: Justice Department Locations: White

Former President Donald J. Trump claimed to a Fox News anchor in an interview on Monday that he did not have a classified document with him in a meeting with a book publisher even though he referred during that meeting to “secret” information in his possession. They presented me this — this is off the record, but — they presented me this. This was the Defense Department and him.”On the recording, according to two people familiar with its contents, Mr. Trump can be heard flipping through papers as he talks to a publisher and writer working on a book by his final White House chief of staff, Mark Meadows. Mr. Trump and the people in the meeting do not explicitly say what document the former president is holding. According to the transcript, Mr. Trump describes the document, which he claims shows General Milley’s desire to attack Iran, as “secret” and “like, highly confidential.” He also declares that “as president, I could have declassified it,” adding, “Now I can’t, you know, but this is still a secret.”

Persons: Donald J, Trump, —, Mark, ”, Mark Meadows, Milley’s, “ Organizations: Fox News, Defense Department, White House Locations: Bedminster, N.J, Iran

☆ Scientists discover duck-billed dinosaur roamed Chile 72 million years ago
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

Scientists have dubbed the dinosaur Gonkoken nanoi and say it weighed up to a metric ton and could grow to 4 meters (13.12 feet) in length according to the study published in Science Advances. In 2013, an expedition led by the Chilean Antarctic Institute (INACH) discovered fragments of yellowish bones at the bottom of a hillside close to the major tourist destination Torres del Paine in Patagonia. "(The) Gonkoken nanoi is not an advanced duck-billed dinosaur, but rather an older transitional duck-billed lineage: an evolutionary link to advanced forms," said Alexander Vargas, another study author. "Gon" means similar or similar to and "koken" means wild duck or swan. Reporting by Fabian Andres Cambero; Writing by Alexander Villegas; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Torres del, Read, del, Jhonathan Alarcon, Alarcon, Alexander Vargas, Mario, Fabian Andres Cambero, Alexander Villegas, Sandra Maler Organizations: El valle del rio, Torres del Paine, Chilean Antarctic Institute, del Paine, Thomson Locations: Chilean, El valle del, Chinas, Torres, Magallanes, Antarctic, Chile, SANTIAGO, Patagonia

☆ Opinion: The fifth Beatle is artificial intelligence
▼ + stars: | 2023-06-16 | by ( Opinion Jere Hester | ) edition.cnn.com time to read: +5 min

CNN —Who’s the fifth Beatle? But now there’s a 21st century contender for the honor: artificial intelligence. The band took some flak for releasing two songs years after Lennon’s murder in 1980. Pepper’s Lonely Hearts Club Band” album with trippy loops and other innovations that changed the course of popular music. But in the right hands — in this case, Jackson and McCartney’s — AI can be a tool that wields magic.

Persons: Jere Hester, Craig Newmark, CNN —, Jere Hester John Smock, Sir George Martin, Brian Epstein, Stuart Sutcliffe, Sir Paul McCartney’s, John Lennon’s, Lennon, McCartney, Peter Jackson, ”, Yoko Ono, Lennon’s, Jackson, McCartney’s, Facebook McCartney, Ringo Starr, Ono, George Harrison’s, Olivia, Let’s Organizations: Craig Newmark Graduate School of Journalism, CUNY, CNN, BBC Radio, Twitter, Beatles Locations: Liverpool

☆ Goldman Sachs managing director on Portfolio Construction in Difficult Times
▼ + stars: | 2023-06-15 | 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 EmailGoldman Sachs managing director on Portfolio Construction in Difficult TimesBuilding durable portfolios to withstand market volatility, and the occasional unforeseen Black Swan event, can be tricky. The standard 60/40 model can provide some semblance of stability, but it cannot always help investors seize gains when conditions are ripe, or prevent losses when things go sideways. We'll look at how investors can make the most of the good times and the bad, by building portfolios that can capitalize on opportunity while minimizing risk.

Persons: Goldman Sachs

When Donald J. Trump responded to his latest indictment by promising to appoint a special prosecutor if he’s re-elected to “go after” President Biden and his family, he signaled that a second Trump term would fully jettison the post-Watergate norm of Justice Department independence. “I will appoint a real special prosecutor to go after the most corrupt president in the history of the United States of America, Joe Biden, and the entire Biden crime family,” Mr. Trump said at his golf club in Bedminster, N.J., on Tuesday night after his arraignment earlier that day in Miami. “I will totally obliterate the Deep State.”Mr. Trump’s message was that the Justice Department charged him only because he is Mr. Biden’s political opponent, so he would invert that supposed politicization. In reality, under Attorney General Merrick Garland, two Trump-appointed prosecutors are already investigating Mr. Biden’s handling of classified documents and the financial dealings of his son, Hunter. But by suggesting the current prosecutors investigating the Bidens were not “real,” Mr. Trump appeared to be promising his supporters that he would appoint an ally who would bring charges against his political enemies regardless of the facts.

Persons: Donald J, Trump, he’s, “, ” President Biden, Joe Biden, Biden, ” Mr, Mr, General Merrick Garland, Hunter Organizations: ”, Trump, Justice Department Locations: United States of America, Bedminster, N.J, Miami, State

☆ 'Chaos Kings': How Wall Street traders made billions on catastrophes
▼ + stars: | 2023-06-15 | 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 Email'Chaos Kings': How Wall Street traders made billions on catastrophesScott Patterson, ‘Chaos King’ author, and 'Black Swan' author Nassim Nicholas Taleb break down how Wall Street traders made billions by making big bets around major catastrophes.

Persons: Scott Patterson, ‘, Swan, Nassim Nicholas Taleb

☆ G.O.P. Rivals See Trump’s Indictment as a Big Problem (for Them)
▼ + stars: | 2023-06-14 | by ( Jonathan Swan | Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Advisers working for Mr. Trump’s opponents are facing what some consider an infuriating task: trying to persuade Republican primary voters, who are inured to Mr. Trump’s years of controversies and deeply distrustful of the government, that being criminally charged for holding onto classified documents is a bad thing. In previous eras, the indictment of a presidential candidate would have been, at a minimum, a political gift for the other candidates, if not an event that spelled the end of the indicted rival’s run. Competitors would have thrilled at the prospect of the front-runner’s spending months tied up in court, with damaging new details steadily dripping out. And they still could be Mr. Trump’s undoing: If he does not end up convicted before November 2024, his latest arrest is not likely win him converts in the general election. But Mr. Trump’s competitors — counterintuitively, according to the old conventional political wisdom — are actually dreading what threatens to be an endless indictment news cycle that could swallow up the summer.

Persons: Donald J, Trump’s, rival’s, —, grumbled, Trump Organizations: Trump, Republican, Mr

☆ Odey Asset Management freezes funds as clients pull money, prime brokers flee
▼ + stars: | 2023-06-13 | by ( Nell Mackenzie | ) www.reuters.com time to read: +3 min

LONDON, June 13 (Reuters) - Odey Asset Management (OAM) is closing one fund and restricting money clients can pull from another, two investor letters showed, just as the hedge fund was scrambling on Tuesday to keep its prime brokers from ending vital relationships with the firm. Odey Asset Management has closed its Odey Swan Fund and is restricting the money clients can pull from its Brook Developed Markets Fund, according to investor letters seen by Reuters. An OAM spokesperson declined to comment but confirmed the letter about the Brook Developed Markets Fund and was not immediately available to respond to a request about the closure of the Swan Fund. He did not respond when contacted by Reuters on Tuesday about either the Brook or Swan fund. Brook Developed Markets Fund is open to retail investors and had about $216 million, as of the end of February, the latest data from Morningstar showed.

Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, Swan, Nell Mackenzie, Dhara Ranasinghe, Elisa Martinuzzi, Susan Fenton Organizations: Odey, Management, Financial Times, Tortoise Media, Reuters, JPMorgan, Swan, Swan Fund, Morningstar, Thomson

☆ ‘The Idol’ Season 1, Episode 2 Recap: A Human Moment
▼ + stars: | 2023-06-12 | by ( Esther Zuckerman | ) www.nytimes.com time to read: +1 min

Season 1, Episode 2: ‘Double Fantasy’One way Hollywood likes to show a woman in crisis is via her battered feet. It’s a hallmark of ballerina media, like “Black Swan.” Bloodied toes are an example of a performer pushing herself to the brink. Episode 2 of “The Idol” offers up one of these moments. None of the takes are good enough, and everyone is growing more and more frustrated with her perfectionism. She pushes through and finally does a take she’s pleased with, but the camera was out of focus.

Persons: Idol ”, Jocelyn, ” It’s, It’s, she’s, Jocelyn herself Organizations: Idol

Donald J. Trump will make his first appearance in federal criminal court on Tuesday. For Mr. Trump and his team, there has been a sense of familiarity, even normalcy, in the chaos of facing a 37-count indictment in the classified documents case. After two House impeachments, multiple criminal investigations, the jailing of his business’s former accountant, his former fixer and his former campaign manager, and now two criminal indictments, Mr. Trump knows the drill, and so do his supporters. Until now, the main pro-Trump super PAC, MAGA Inc., has focused heavily on Mr. Trump’s chief Republican rival, Gov. But that messaging has shifted after the indictment, with a new commercial already being shown that pits Mr. Trump directly against Mr. Biden.

Persons: Donald J, Trump, Biden, Trump’s, Ron DeSantis Organizations: ”, Republican, Trump, MAGA Inc, Gov, Mr Locations: Florida

☆ Odey Asset Management sets out replacement plans for Crispin Odey
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 11 (Reuters) - Odey Asset Management Partnership has started its replacement plan for Crispin Odey after severing "personal and economic involvement" with the founder, following allegations of sexual misconduct, said a letter seen by Reuters on Sunday. Freddie Neave will take over full responsibility of the Odey European Inc (OEI) and OEI Mac funds. James Hanbury will assume leadership of the LP Odey Opus Fund and Oliver Kelton will take the Odey Pan European Fund. Odey Swan Fund will be taken on by Neave as an interim leader before a final fund manager is decided upon by the board, said the letter. The Financial Times and Tortoise, in a joint publication on Thursday, reported allegations by 13 women that Odey had sexually assaulted or harassed them over a 25-year period.

Persons: Crispin Odey, Freddie Neave, James Hanbury, Oliver Kelton, Neave, Odey, Nell Mackenzie, Marguerita Choy Organizations: Odey, Reuters, Sunday, Pan European, Financial Times, Thomson

The timing of the photograph was noteworthy: One day earlier, the aide, Walt Nauta, had been notified by the government that he was a target of a federal investigation into Mr. Trump’s handling of classified documents, suggesting that charges against Mr. Nauta were likely. On Friday, prosecutors unsealed those charges. Mr. Nauta, a 40-year-old Navy veteran, was charged with conspiracy, making false statements and withholding documents as part of Mr. Trump’s effort to thwart the government’s attempts to reclaim the classified documents Mr. Trump had taken with him when he left the White House. Mr. Nauta’s story is, among other things, a cautionary tale about what loyalty to Mr. Trump can bring. After serving his country in the military and serving as a valet in the White House, Mr. Nauta stayed with Mr. Trump as a personal aide — and now faces the prospect of years in federal prison for having apparently carried out his wishes.

Persons: Donald J, Trump, LIV, Walt Nauta, Nauta, — Organizations: Navy, White, Mr Locations: Saudi, Sterling , Va

The papers Mr. Trump kept included plans for retaliating to a foreign attack and details of American nuclear programs, according to the indictment. Look, look at this.”Several people close to Mr. Trump and his team privately acknowledged the facts in the case were damaging. Mr. Trump’s team is preparing to march forward, claiming he is being victimized. The indictment was filled with information from people who work with him, and Mr. Trump had already been skeptical of some aides who might have revealed certain details to the special counsel, the person said. He was especially focused on a photo of documents spilled out over the storage room floor at Mar-a-Lago, according to another person who spoke with him.

Persons: Trump, ”, Jack Smith Organizations: Republican Locations: Mar

☆ Inside Trump’s Club When the Call Came: You’re Indicted
▼ + stars: | 2023-06-09 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump was gathered with his core political advisers in the office near his poolside cottage at his club in Bedminster, N.J., when his phone rang around 7 p.m. on Thursday. On the line, according to two people with knowledge of the call, was one of his lawyers, informing him he had been indicted for the second time in less than three months. Mr. Trump, always compartmentalizing, immediately moved to a political reaction. At 7:21 p.m., he did what he used to do so often when he was president: He personally programmed the chyrons on every news channel in the country. He broke the news of his own indictment — drafting and then sending a three-part statement on his social media network, Truth Social, that soon interrupted the nighttime shows on Fox News, MSNBC and CNN.

Persons: Donald J, Trump, Biden Organizations: Fox News, MSNBC, CNN Locations: Bedminster, N.J, Manhattan, Miami

☆ ‘Dalíland’ Review: Landscape With Vipers
▼ + stars: | 2023-06-08 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

One of the best things about “Dalíland,” Mary Harron’s amused and amusing fictional look at the singular Salvador Dalí, is that it isn’t a cradle-to-grave exhumation. An anodyne pretty boy, James serves as a proxy for the viewer, a wide-eyed tourist in a seductively foreign land. James isn’t all that interesting, either, and there’s too much of him in the movie. This isn’t Briney’s fault; he’s pleasant to look at, and he manages his transition from tourist to accidental Dalí-wood guide well enough. The relationship provides tension and mystery that the well-matched Kingsley and Sukowa complicate with gargoyle masks and shocks of vulnerability.

Persons: “, Mary Harron’s, Salvador Dalí, Dalí’s, James, Christopher Briney, who’s, Ben Kingsley, Barbara Sukowa, Dalí ’, Captain Moore, Rupert Graves, Alice Cooper, Mark McKenna, Amanda Lear, Suki Waterhouse, James isn’t, grubbing, Kingsley Locations: York, Regis, New York

Once he was sworn in as president, Mr. Trump reimbursed Mr. Cohen. Rather than publish her account, the tabloid suppressed it in cooperation with Mr. Trump and Mr. Cohen, prosecutors say. Legal experts say that Mr. Trump and others appear to be at “substantial risk” of prosecution for violating a number Georgia statutes, including the state’s racketeering law. But if she were to prevail at trial, a judge could impose steep financial penalties on Mr. Trump and restrict his business operations in New York. Ms. James’s investigators questioned Mr. Trump under oath in April, and a trial is scheduled for October.

Persons: Donald J, Trump, Trump’s, Jack Smith, Alvin L, Bragg, Stormy Daniels, Michael D, Cohen, Daniels, Karen McDougal, McDougal, Brad Raffensperger, Biden’s, —, Emily Kohrs, “ You’re, ”, “, Willis, Jan, Mr . Biden, Smith, Mike Pence, Mark Meadows, Letitia James, Mr, James, Donald Jr, Eric, Jonah E, Rebecca Davis O’Brien, Michael Gold, Michael Rothfeld, Ed Shanahan, Richard Fausset, Ashley Wong Organizations: Capitol, Manhattan, National Enquirer, Mr, ., The New York Times, Justice Department, Trump, Prosecutors, White House, Trump White House, New York, Civil, New Locations: Manhattan, Georgia, . Georgia, Fulton County, United States, Washington, Trump’s, New, New York, Bromwich

☆ A real-estate investor who spent a year talking to former landlords who lost money and had to sell their properties says their one major mistake was refusing to raise rent. He shares the strategy he u
▼ + stars: | 2023-06-07 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

McNeeley's 'binder strategy' allows him to increase rent, while still maintaining happy tenants. 'The binder strategy': asking tenants to increase their own rentMcNeeley's "binder strategy" involves sitting down with his tenants, explaining what the average rent prices in the area are, and ultimately asking them to set a fair price. The first page of the binder features a picture of the property they're renting and the amount McNeeley paid for it. "The tenants asked for more than a $300 increase because it's still below the area average and they're still getting a deal," McNeeley said. Typically, McNeeley employs the binder strategy when he acquires a new property and then does a 5% rent increase every other year.

Persons: Dion McNeeley, McNeeley, that's, he'll, they're, It's, He's, he's, handymen, they'd, I've Organizations: McNeeley Locations: Tacoma , Washington, Washington, McNeeley's

☆ No one cares about Mike Pence
▼ + stars: | 2023-06-07 | by ( Taylor Berman | ) www.businessinsider.com time to read: +4 min

Pence hopes to position himself as a more traditional conservative, pushing for family values, fiscal conservatism, and an aggressive military presence abroad. He stuck with Mr. Trump through numerous controversies including the leak of the "Access Hollywood" tape, in which Mr. Trump boasted about grabbing women's genitalia. He vouched for Mr. Trump's character with skeptical evangelicals with whom Mr. Trump ultimately forged his own relationship. Portraying himself as a traditional conservative could also lead to a return to conservative media for Pence. For a time after leaving office as vice president, the Pences were homeless and appeared to be couch-surfing their way through Indiana.

Persons: Pence, —, Mike Pence, Nikki Haley, Vivek Ramaswamy, Donald Trump, Ron DeSantis, McKay Coppins, … It's, Jonathan Swan, Trump, Doug Heye, Simon, Schuster, He's, I'm Organizations: Republican, Trump, Service, GOP, Politics, Florida, Atlantic, New York Times, Ukraine, Mr Locations: U.S, Afghanistan, Indiana

☆ Pence Delivers Strong Rebuke to Trump in Campaign Announcement
▼ + stars: | 2023-06-07 | by ( Jonathan Swan | ) www.nytimes.com time to read: +1 min

Before a crowd of several hundred on the campus of the Des Moines Area Community College, Mr. Pence focused on something that many in his party have tried to desperately avoid: Mr. Trump’s actions on Jan. 6, 2021. 6 was a tragic day in the life of our nation,” Mr. Pence said. “But thanks to the courage of law enforcement, the violence was quelled, we reconvened the Congress. The very same day, President Trump’s reckless words endangered my family and everyone at the Capitol.”He added: “But the American people deserve to know on that fateful day, President Trump also demanded I choose between him and our Constitution. I chose the Constitution, and I always will.”

Persons: Mike Pence, Donald J, Trump, —, Pence, “ Jan, Mr, Trump’s, ” Organizations: Des, Des Moines Area Community College, Capitol Locations: Iowa, Des Moines

☆ The G.O.P. Has Drifted, but Mike Pence Is as Conservative as Ever
▼ + stars: | 2023-06-07 | by ( Jonathan Swan | ) www.nytimes.com time to read: +1 min

Mike Pence is the most conservative candidate competing for the presidency. The president Mr. Pence served under, Donald J. Trump, transformed the G.O.P. electorate, making the path to a Pence presidency visible only to the truest of true believers. Mr. Pence has not really changed all that much since he was governor of Indiana less than a decade ago, but his party has. It’s the same Mike Pence but a different G.O.P., and it’s a different G.O.P.

Persons: Mike Pence, Pence, Donald J, Trump, Bill Clinton, Jeffrey B, Clark, “ We’re, ”, “ Organizations: Social Security, Russia, Republican, Justice Department, Department Locations: Indiana

For months, people in Mr. Trump’s orbit have been puzzled by and wary about the low profile kept by Mr. Meadows in the investigations. As reports surfaced of one witness after another going into the grand jury or to be interviewed by federal investigators, Mr. Meadows has kept largely out of sight, and some of Mr. Trump’s advisers believe he could be a significant witness in the inquiries. Mr. Trump himself has at times asked aides questions about how Mr. Meadows is doing, according to a person familiar with the remarks. Mr. Meadows was around for pivotal moments leading up to and after the 2020 election, as Mr. Trump plotted to try to stay in office and thwart Joseph R. Biden Jr. from being sworn in to succeed him. Those texts served as a road map for House investigators.

Persons: Meadows, Trump, George Terwilliger, Trump’s, Joseph R, Biden Organizations: White House, Capitol Locations: Meadows

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin whipsaws after SEC sues Coinbase and Binance in two-day span: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Cory Klippsten, the CEO of Swan Bitcoin, discusses the impact of the SEC's continued crackdown on crypto exchanges.

Persons: Coinbase, explainers, Cory Klippsten, Swan Bitcoin Organizations: SEC, CNBC Crypto, CNBC

☆ Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
▼ + stars: | 2023-06-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrency prices dropped Monday after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Binance Coin , a token used to pay transaction and trading fees on the Binance exchange, tumbled 9.5%. The declines came after the SEC alleged Binance and its co-founder, Changpeng Zhao, comingled billions of dollars of investor funds with their own and violated securities laws. "Any regulatory action against a major player in the cryptocurrency space creates uncertainty and leads to increased market volatility in the short term. Bitcoin last week capped its worst month of trading since November, finishing May down 7.9% after trading in a narrow range of between $26,000 and $28,000.

Persons: Bitcoin, Binance, Changpeng Zhao, Sam Callahan, Swan Bitcoin Organizations: U.S . Securities, Exchange Commission, Metrics, SEC, Binance, Futures Trading, CNBC, Gemini Trust Locations: bitcoin

☆ When Markets Melt Down, These Traders Cash In
▼ + stars: | 2023-06-02 | by ( Scott Patterson | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/black-swan-debt-ceiling-mark-spitznagel-nassim-nicholas-taleb-18bb38f1

Persons: Dow Jones, nicholas, taleb

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