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An Australian federal court judge on June 1 dismissed Roberts-Smith's defamation case against three newspapers for articles accusing him of violating the rules of engagement and killing unarmed Afghans. In his ruling the judge said the newspapers had proven substantial truth in their reporting. read more"I'm devastated with the result, it's a terrible outcome and it's the incorrect outcome," Roberts-Smith told television network Nine Entertainment (NEC.AX) at Perth Airport baggage claim late on Wednesday. Asked if he remained proud of his actions in Afghanistan, Roberts-Smith replied "of course I am." Roberts-Smith, 44, whose portrait hangs in the Australian War Memorial, has not been charged with any crimes.
Persons: Ben Roberts, Smith, Roberts, Byron Kaye, Michael Perry Organizations: SYDNEY, Victoria, Special Air Service, Nine Entertainment, Australian, Thomson Locations: Afghanistan, Australian, Bali , Indonesia, New Zealand, Australia
Opinion | The Impossible Task of Defending Donald Trump
  + stars: | 2023-06-14 | by ( Jesse Wegman | ) www.nytimes.com   time to read: +3 min
In this account, the “deep state” has always had it in for Mr. Trump, targeting him for things that other officials, especially Democrats, get away with. “If you’re Donald Trump, they’re going to come get you for anything,” Byron Donalds, a Florida congressman, said on CNN on Tuesday. In contrast, it has taken the government more than a year to get the hundreds of classified documents Mr. Trump took from the White House. Even now, it would be foolish to assume that everything in Mr. Trump’s possession has been turned over. And what of Mrs. Clinton, against whom Mr. Trump still seems to believe he is running, seven years later?
Persons: McCarthy, debasing, Trump’s, let’s, Trump, Donald Trump, ” Byron Donalds, you’re Hillary Clinton, Joe Biden, they’re, Biden, Mike Pence, Merrick Garland, Walt Nauta, Clinton, Mr, Chris Christie, Organizations: Prosecution, Republican Party, Mr, CNN, House, New Locations: Miami, Florida, Delaware, New Jersey
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/u-s-spy-agencies-buy-vast-quantities-of-americans-personal-data-report-says-f47ec3ad
Persons: Dow Jones
The Federal Case Against Trump on the Mar-a-Lago Documents
  + stars: | 2023-06-10 | by ( Byron Tau | ) 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/the-federal-case-against-trump-on-the-mar-a-lago-documents-12054f5
Persons: Dow Jones
Roberts-Smith, who quit his television excutive job on Friday, has not been charged with any offences. Australian civil courts require a lower threshold to prove accusations than criminal courts do. A four-year investigation known as the Brereton report found in 2020 that Australian special forces had allegedly killed 39 unarmed prisoners and civilians in Afghanistan. Kim Beazley, chair of the Australian War Memorial and a former defence minister, said the memorial in the national capital Canberra - where Roberts-Smith's uniform, medals and portrait are displayed - helps Australians to understand the conduct and consequences of war. Greens Senator David Shoebridge had earlier called for Roberts-Smith's uniform and medals to be removed from the memorial.
Persons: Ben Roberts, Smith, Roberts, Anthony Albanese, Brereton, Albanese, Chris Moraitis, Kim Beazley, David Shoebridge, Kirsty Needham, Byron Kaye Organizations: SYDNEY, Victoria Cross, Australian Federal Police, Special Forces, Australian, Canberra, Greens, U.S, Thomson Locations: Afghanistan, Australia, Sydney
Emergency warnings from city officials did not adequately convey how life-threatening the storm would be, the report said. City officials didn’t spread the word about the county’s travel ban for cars quickly enough and didn’t adequately stress the dangers of walking outside. And as the storm raged on, coordination between city, county and state officials became strained. The more than 100-page study by a team of researchers at New York University dissected the city’s actions before, during and after the blizzard, pinpointing failures and offering recommendations. The report was requested by the mayor, Byron Brown, in the days after the storm as residents voiced frustration at what they said was a slow and inadequate response.
Persons: didn’t, Byron Brown, , Sarah Kaufman Organizations: New York University, Rudin Center for Transportation Locations: New York, Buffalo
The ruling marks a win for media outlets seeking greater accountability for Australia's military, typically bound by confidentiality. A 2020 report found credible evidence that members of Australia's Special Air Service Regiment (SAS) killed dozens of unarmed prisoners in the lengthy Afghan war. Roberts-Smith sued the papers for portraying him as someone who "broke the moral and legal rules of military engagement". The papers had reported that Roberts-Smith pressured a lower-ranking Australian soldier to execute an elderly, unarmed Afghan to "blood the rookie", said Judge Besanko, adding they proved that account true. "This case is an important reminder that we need courageous public interest journalism to help us get there."
Persons: Ben Roberts, Smith, Anthony Besanko, Roberts, Judge Besanko, James Chessell, Chessell, Arthur Moses, Besanko, inadvertentely, Fiona Nelson, Byron Kaye, Shri Navaratnam, Michael Perry Organizations: SYDNEY, SAS, Australia's Special Air Service Regiment, China, Victoria Cross, Australian, Sydney Morning Herald, Canberra Times, Nine Entertainment Co, Australian Centre for International, Thomson Locations: Sydney, Afghanistan, Afghan, Australian, Australia
As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: two of its high-profile partners exiting the bank. (In fact, he made our annual list of rising stars on Wall Street in 2020.) That begs the question: Has Goldman Sachs' partnership lost some of its luster? And here's a running list of partners who have left Goldman Sachs under David Solomon. According to The Wall Street Journal, many of the industry's power players aren't looking forward to Biden-Trump part II.
Persons: Dan DeFrancesco, I'm, we've, Wall Streeter, Goldman Sachs, Sayonara, Goldman, Fred Baba, Dina Powell McCormick, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, David Solomon, Jane, Powell, Fred Baba's, Steve Cohen, Point72, Beth Abramson, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, Bloomberg, Wall Street, Goldman, MSD Partners, Street, Biden, Trump, Financial Times, Nvidia, Netflix, LinkedIn Locations: NYC, Australia, New York, London
May 30 (Reuters) - Crown Resorts, the Australian casino operator bought by Blackstone Inc (BX.N) after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. "We are pleased to have reached this agreement with AUSTRAC," said Crown Resorts CEO Ciarán Carruthers, who started in the role in September. "The company that committed these unacceptable, historic breaches is far removed from the company that exists today." Australian regulators over the recent years have penalised a slew of companies over breaches and non-compliances, with the country's "Big Four" banks fined the most. ($1 = 1.4743 Australian dollars)Reporting by Byron Kaye in Sydney and Harish Sridharan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
News broke Tuesday of two high-profile Goldman Sachs partners leaving the bank. It hasn't been smooth sailing at Goldman Sachs in recent months. As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: news breaking of two of its high-profile partners exiting the bank. The exits come amidst a difficult few months for Goldman Sachs, which has seen a change in strategy, a reorg, disappointment over bonuses, and layoffs. Which begs the question: Has Goldman Sachs' partnership lost some of its luster?
Persons: Goldman Sachs, Fred Baba, Dina Powell McCormick, David Solomon, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, Jane, Goldman, Powell Organizations: Morning, Goldman, Bloomberg, Wall Street, MSD Partners, Street
The accusations are at the heart of Australia's costliest and second longest-running defamation lawsuit for which a judgement is scheduled on Thursday. Legal experts say that while the civil hearing focused on reputational damage brought by a series of 2018 articles, it effectively played out as the country's first war crimes trial. No soldiers were named in the redacted report but about two dozen current and former Australian soldiers were referred for potential criminal prosecution. Roberts-Smith, one of just 101 soldiers to receive the Victoria Cross, sued the newspapers in 2020, saying they falsely accused him of being complicit in war crimes. He seeks compensatory damages, aggravated damages and damages for future economic loss, although his lawyers did not give a total amount sought.
Ron DeSantis led all listed Republican candidates in a Monmouth University poll. New polling from Monmouth University shows that Trump now leads the governor by 24 percentage points. Ron DeSantis in polling in recent months, shattering the lead held by the leader of the Sunshine State, according to a recent Monmouth University poll. In December 2022, DeSantis was the leading candidate among Republican and Republican-leaning respondents to Monmouth University's poll, drawing in 39% support to Trump's 26%. While DeSantis took his time to announce his run for president, Trump picked up a bevy of GOP endorsements including more than 50 representatives, 11 senators, and two governors.
Persons: Ron DeSantis, DeSantis, Donald Trump's, Trump, , Donald Trump, Elon Musk, David Sacks, FiveThirtyEight, who've, Byron Donalds, Doug Steube Organizations: Florida Gov, Monmouth University, Service, Sunshine State, Elon, GOP, Republican, Trump, DeSantis, Rep, Representatives, Disney Locations: Florida, Monmouth
From Allbirds sneakers to Lululemon pants, Wall Street work attire has gotten more casual. It's an awkward time for the Wall Street wardrobe. Trying to nail the modern Wall Street look can be intimidating. But blazers still have a place on Wall Street, even if they're not as omnipresent as they once were. All-white Sam Smith sneakers is now acceptable Wall Street internship attire.
National Amusements, Paramount's majority voting shareholder, announced Thursday afternoon that it has entered into an agreement for a $125 million preferred equity investment from BDT Capital Partners, an affiliate of BDT & MSD Partners. Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett's favorite banker piled into the media company's controlling shareholder. BDT & MSD Partners' chairman and co-CEO is Byron Trott, who has long been known as Buffett's preferred and trusted banker. "It's not good news when any company passes its dividend, or cuts its dividend dramatically," Buffett said. Upgrade from LoopLoop Capital on Friday upgraded Paramount to a hold rating from a sell in light of the BDT investment.
Congress can't raise the debt ceiling and avoid economic crisis because Republicans want spending cuts. Janet Yellen said Treasury may not be able to delay a default past June 1. To avoid a default, Congress has to raise the debt ceiling, and Republicans won't do it unless Democrats agree to spending cuts. Janet Yellen was wrong on having interest rates too low for far too long. Asked about his alternative date, Donalds said, "Listen, I'm not the Treasury Secretary.
Byron and Kaori Nagy have fully renovated a 150-year-old unoccupied farmhouse an hour outside Tokyo. Byron, who's originally from New Jersey, also created a farm on land nearby. They've also spent between $300,000 and $400,000 building a new home in the traditional Japanese style. Top editors give you the stories you want — delivered right to your inbox each weekday. "It's easier today to live in this country than it's ever been," Allen said.
2 mortgage provider has told mortgage brokers that "if a customer is unable to meet serviceability under the standard assessment criteria", it might apply a modified serviceability assessment rate. Since the buffer is a guideline, banks are allowed to deviate from it. "APRA should consider officially lowering the serviceability buffer for refinancers." Representatives for Commonwealth Bank of Australia (CBA.AX) and ANZ Banking Group Ltd (ANZ.AX) were not immediately available for comment. ($1 = 1.4743 Australian dollars)Reporting by Byron Kaye and Lewis Jackson; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
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/fbi-improperly-searched-spy-database-for-information-on-americans-court-says-2f12bcd
Tesco Chairman John Allan to step down in June
  + stars: | 2023-05-19 | by ( ) www.cnbc.com   time to read: +1 min
Tesco Chairman John Allan will step down at the group's annual shareholders' meeting next month, with Britain's biggest retailer saying claims of inappropriate behavior against him risked becoming a distraction. Allan, one of Britain's highest-profile corporate names, has been Tesco's chairman since 2015. Three of these allegations are vigorously denied by Allan, and for the other Allan unreservedly apologized for the comment he made, Tesco said. "While we have received no complaints about John's conduct and made no findings of wrongdoing, these allegations risk becoming a distraction to Tesco," Grote said. He thanked Allan for his "valuable contribution" to Tesco, noting he successfully led the board through its turnaround and the COVID-19 pandemic, whilst helping to rebuild the business.
However, prior to Friday's update from Tesco, Allan was due to seek re-election at the June 16 annual general meeting (AGM). Tesco said that pending the appointment of a new chairman, senior independent director Byron Grote will become interim chair and will chair the AGM. Earlier this month, the Guardian newspaper reported that Allan was facing claims of inappropriate behaviour from four women. Three of these allegations are vigorously denied by Allan, and for the other Allan unreservedly apologised for a comment he made, Tesco said. "While we have received no complaints about John's conduct and made no findings of wrongdoing, these allegations risk becoming a distraction to Tesco," Grote said.
SYDNEY, May 19 (Reuters) - Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology, one of the highest-profile repudiations of the once-feted concept best known for powering cryptocurrency. Until now, ASX has said it may resurrect the project using blockchain-based technology developed by New York-based contractor Digital Asset. Digital Asset, in which ASX bought a small stake after hiring it to rebuild its software in 2016, was not immediately available for comment. Whiteley told the meeting ASX was on track to decide a new strategy by year-end. Market participants had told ASX they did not want a risky, single-date changeover to new software, and "that feedback has been taken into the implementation planning", Whiteley said.
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/antiabortion-group-used-cellphone-data-to-target-ads-to-planned-parenthood-visitors-446c1212
SYDNEY, May 18 (Reuters) - The Australian arm of Binance, the world's largest crypto-currency exchange, on Thursday said some local customers will be unable to deposit or withdraw money after a third-party payment provider cut off its service. Binance on social media said users are unable to make Australian dollar deposits by bank transfer with immediate effect. "We are working hard to find an alternative provider to continue offering AUD deposits and withdrawals to our users," Binance said in a statement. The Australian Financial Review reported the provider was Westpac Banking Corp (WBC.AX), the country's second-largest retail bank. Reporting by Lewis Jackson and Byron Kaye in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
MLB roundup: Astros score four in ninth, stun Cubs
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +11 min
Jake Meyers ripped a two-run homer that cut the deficit to 6-5, and when pinch hitter Mauricio Dubon followed with a walk, Brandon Hughes (0-2) entered in relief of Thompson. Mark Vientos, recalled earlier in the day from Triple-A Syracuse, hit a game-tying two-run homer in the seventh for the Mets. Cardinals 3, Brewers 0Paul DeJong hit a two-run homer and Nolan Arenado delivered his 1,000th career RBI as St. Louis defeated visiting Milwaukee. Boston tied its season high with 16 hits, including six in a six-run second inning. Justin Turner went 3-for-4 with his second homer in as many games.
"When there's a macroeconomic downturn, it's generally institutional and business lending exposures that are impacted first," he added. For decades, Australian housing finance has significantly outpaced business lending, making home loan margins the engine of profits. A more recent exodus from non-lending retail services like financial advice has further weighted banks' allocation of capital to residential property. The big four banks said in earnings updates this month that their net interest margins peaked in late 2022 and have since narrowed. To hedge against interest rates risks, the Big Four may now chase new services-based revenues from commercial clients in non-lending segments, added Garland.
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