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☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

☆ As his beliefs have seeped into homes and classrooms, children as young as 11 think Andrew Tate is their 'god'
▼ + stars: | 2023-01-29 | by ( Lindsay Dodgson | Bethany Dawson | ) www.businessinsider.com time to read: +11 min

Insider spoke with teachers and parents about how Tate's beliefs are seeping into young boys' minds. Insider spoke with seven teachers who said Tate's words and beliefs have significantly impacted their students — some as young as 11 years old. Many young boys are drawn in by this promise of personal development. Mary McCarthy, a mother of four from Dublin, told Insider that Tate seems to have an "intoxicating" effect on her 14-year-old son. Speaking to the BBC, Nia Williams, a psychologist and academic, addressed why so many young boys get "sucked in" by Tate's image.

[1/5] Police officers detain a man, believed by law enforcement to be the Half Moon Bay mass shooting suspect, in Half Moon Bay, California, U.S., January 23, 2023, in this screengrab taken from a social media video. California Governor Gavin Newsom said he was visiting wounded survivors from Saturday night's massacre in the Los Angeles suburb of Monterey Park when he was informed of Monday's killings in northern California. A semi-automatic handgun was found in his car, San Mateo County Sheriff Christina Corpus told an evening news conference. It ranked as the deadliest mass shooting ever in Los Angeles County, according to Hilda Solis, a member of the county Board of Supervisors. Monterey Park Police Chief Scott Wiese said investigators were looking into unconfirmed reports that the violence may have been precipitated by jealousy or relationship issues.

☆ Denny’s restaurant sign falls on car in Kentucky, killing 1 and injuring 2
▼ + stars: | 2023-01-20 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

A 72-year-old woman was killed and two others were injured when a Denny’s restaurant sign in Kentucky fell from its post and crashed onto an occupied car below. Police responded to a Denny's on the 2000 block of North Mulberry Street in Elizabethtown around 1:30 p.m. Thursday on a report of the fallen sign. Photos show the sign on top of a blue vehicle, crushing in parts of the roof. An investigation into what caused the sign to fall is underway, but police said fierce winds likely contributed to the incident. Peak wind gusts of 45 to 55 mph were observed across parts of Kentucky on Thursday, the National Weather Service office in Louisville said.

☆ 'Bourbon Caucus' formed by two bipartisan congressman to fight tariffs
▼ + stars: | 2023-01-20 | 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'Bourbon Caucus' formed by two bipartisan congressman to fight tariffsCNBC's Ylan Mui joins 'The Exchange' to discuss the bipartisan bourbon caucus formed by two lawmakers in Kentucky, what makes bourbon a uniquely American liquor, and the work of the caucus thus far.

☆ Missouri's abortion ban declares 'Almighty God is the author of life.' Faith leaders beg to differ in new suit.
▼ + stars: | 2023-01-20 | by ( Stephanie Russell-Kraft | ) www.businessinsider.com time to read: +4 min

Missouri's abortion ban completely outlaws abortion with limited exceptions. The clergy, who come from denominations of Christianity, Unitarian Universalism, and Judaism, said the abortion ban violates their religious freedom and subjects them to "the religious dictates of others." "It came from religious leaders and communities, who have been explaining for decades that they see reproductive freedom as essential to religious freedom." But Missouri lawmakers openly discussed their religious beliefs on abortion while writing the abortion ban in 2019 according to the lawsuit, saying things like "Life begins at conception. There have also been more than a dozen cases challenging abortion restrictions on religious freedom grounds since the Supreme Court's decision, according to Platt.

☆ Why GM's new Chevy Corvette is a hybrid and not an all-electric car
▼ + stars: | 2023-01-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The Detroit automaker had discontinued all hybrids, including plug-in hybrids, to focus investment on all-electric vehicles. So why make a hybrid Corvette? 2024 Chevrolet Corvette E-Ray hybrid sports car GMThe C8 features an exclusive Corvette engine and architecture. The hybrid system was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette product marketing manager. 2024 Chevrolet Corvette E-Ray hybrid sports car GM

Todd and Julie Chrisley, stars of the reality TV franchise "Chrisley Knows Best," reported to federal facilities Tuesday to begin their years-long prison sentences after their fraud convictions, officials said. Todd Chrisley surrendered to the Federal Prison Camp (FPC) Pensacola in Florida, while Julie Chrisley arrived at the Federal Medical Center (FMC) Lexington in Kentucky, according to the Bureau of Prisons. Todd Chrisley was sentenced to 12 years, wife Julie Chrisley got 7 years. The downfall of Todd and Julie Chrisley came at about the same time as "Real Housewives of Salt Lake City" star Jen Shah faced federal prosecution before she pleaded guilty to wire fraud. "Real Housewives of Salt Lake City" is on Bravo, which is also an NBCUniversal property.

☆ I spent $165,000 on a 215-year-old home I found via Instagram. It's falling apart, but I have big plans.
▼ + stars: | 2023-01-13 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +12 min

Kayli Angeleaux bought a home via Cheap Old Houses, an Instagram account with 2 million followers. She found it via Cheap Old Houses, an Instagram account and newsletter started by Elizabeth and Ethan Finkelstein that spotlights homes for sale across the country and abroad that are, mostly, less than $150,000. Cheap Old HousesAngeleaux and her husband Connor, 29, are chronicling the intense restoration process on YouTube. I was on the Cheap Old Houses Instagram, and I spent way too much time on there. And then on May 11, 2022, I got the Cheap Old Houses email.

The United States experienced 18 extreme weather events last year that each caused at least $1 billion in damages, according to a report released Tuesday by the National Oceanic and Atmospheric Administration. Weather and climate disasters across the country resulted in more than $165 billion in damages in 2022, making it the third-costliest year on record, NOAA officials said. Despite a slow start to last year's hurricane season, three storms resulted in at least $1 billion in damages: Hurricane Fiona, Hurricane Ian and Hurricane Nicole. Hurricane Ian, which slammed into southwestern Florida in late September and caused widespread destruction, resulted in nearly $113 billion in damages, the report found. NOAA’s findings offer a glimpse of the major toll that extreme weather events are already having and the country’s vulnerability to climate disasters in the future.

☆ A dozen Republicans file for Kentucky governor's race
▼ + stars: | 2023-01-09 | by ( Bridget Bowman | Bridget Bowman Is A Deputy Editor For Nbc'S Political Unit. | ) www.nbcnews.com time to read: +1 min

A dozen Republicans filed to run against Democratic Gov. Andy Beshear in Kentucky, according to the Kentucky Secretary of State’s office, following Friday's filing deadline. Bevin had called reporters to the state Capitol on Friday but did not ultimately file, per the Louisville Courier Journal. Bevin lost a close race to Beshear in 2019, falling short by roughly 5,000 votes. Kentucky is a top pickup opportunity for Republicans, given the state's partisan lean.

☆ Biden to mark anniversary of Jan 6 riots with awards to the day's 'heroes'
▼ + stars: | 2023-01-06 | by ( Jeff Mason | ) www.reuters.com time to read: +3 min

"These 12 heroes demonstrated courage and selflessness during a moment of peril for our nation," a White House official said. Rioters who supported Trump broke through barricades and invaded the Capitol on Jan. 6, 2021, interrupting the certification of Biden's 2020 election victory. Biden has called it embarrassing that it was taking so long for the House leader to be elected. The White House ceremony will take place at 2:00 p.m. Capitol Police officer Brian Sicknick, who died in the days following the attack on the Capitol, will receive a posthumous medal.

☆ McCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. Malliotakis
▼ + stars: | 2023-01-05 | 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 EmailMcCarthy holdouts are hurting the entire institution and our ability to govern, says Rep. MalliotakisRep. Josh Gottheimer (D-N.J.), and Rep. Nicole Malliotakis (R-N.Y.), join 'Squawk Box' to discuss the path forward for the House of Representatives, the impact of seeing President Biden and Mitch McConnell together in Kentucky, and more.

You can borrow up to $726,200 with a conforming mortgage in Kentucky, or $472,030 with an FHA mortgage. The best type of mortgage for you could also come down to insurance costs or your credit score. For a conforming mortgage — which is what you may think of as a "regular mortgage" — you can borrow up to $726,200. You can borrow more with a conforming mortgage than with an FHA loan, and you could take out even more with a jumbo mortgage. A conforming mortgage typically requires a minimum 620 credit score, and you'll need a higher one for a jumbo mortgage.

☆ South Carolina Supreme Court overturns state abortion ban
▼ + stars: | 2023-01-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The decision by the South Carolina Supreme Court is based on the state's own constitution, which, unlike the U.S. Constitution, explicitly gives citizens a right to privacy. President Joe Biden's press secretary, Karine Jean-Pierre, in a tweet wrote: "We are encouraged by South Carolina's Supreme Court ruling today on the state's extreme and dangerous abortion ban." The South Carolina Supreme Court on Thursday overturned the state's ban on abortion after around six weeks of pregnancy, ruling that the law violated the state's constitutional right to privacy. South Carolina's abortion ban was again blocked in August, this time by the state Supreme Court, after a new lawsuit was filed seeking to invalidate it. The decision by the U.S. Supreme Court invalidating the federal right to abortion effectively left it up to individual states to regulate pregnancy terminations.

☆ Biden, McConnell Kentucky event is a roadmap for White House under new Congress
▼ + stars: | 2023-01-04 | by ( Steve Holland | ) www.reuters.com time to read: +5 min

[1/2] U.S. Senate Republican Leader Mitch McConnell (R-KY) speaks during an event to tout the new Brent Spence Bridge over the Ohio River between Covington, Kentucky and Cincinnati, Ohio, near the bridge in Covington, Kentucky, U.S., January 4, 2023. That's the opposite of what the White House thinks voters want. In a stark sign of the Republican divisions that the White House hopes will work to their advantage, Trump endorsed McCarthy on Wednesday morning, while lobbing a racial slur at McConnell's wife. Biden and McConnell were joined by Senator Sherrod Brown of Ohio, former Ohio Senator Rob Portman, Kentucky Governor Andy Beshear and Ohio Governor Mike DeWine. McConnell was among a handful of Republicans who voted for the infrastructure law while many House Republicans including McCarthy opposed it.

☆ Biden says he intends to visit the U.S.-Mexico border for first time since taking office
▼ + stars: | 2023-01-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +1 min

President Joe Biden said Wednesday that he intends to visit the U.S.-Mexico border for the first time since taking office, after nearly two years of Republicans criticizing his administration over the migrant crisis. Biden revealed the potential trip while speaking to reporters before boarding Air Force One in Kentucky. Asked if he'll be going to the border, Biden said, "That’s my intention, we’re working out the details now." Republicans have repeatedly ridiculed Biden for not visiting the southern border while also saying the issue of migrants is not a priority for his presidency. A trip to the border would come as House Republicans are poised to ramp up oversight of the Biden administration, with a particular focus on the border.

The new House GOP majority returns to elect a speaker after failing on three votes Tuesday. ... Nancy Pelosi reacts to GOP dysfunction: “As one who loves this institution, I think it’s a sad day.” ... And President Biden appears with Senate GOP Leader Mitch McConnell to tout the bipartisan infrastructure law. Andy Beshear) all appear at an event in Kentucky promoting a bridge improvement from the bipartisan infrastructure law. 16: How many years Senate Minority Leader Mitch McConnell has served as Senate GOP leader, making him the longest-serving Senate leader ever, per NBC News’ Frank Thorp. Eyes on 2024: DeSantis takes office amid GOP chaosAs the GOP descended into chaos on Capitol Hill Tuesday, Florida GOP Gov.

McConnell wants to get credit from voters in his home state of Kentucky for the spending project, while Biden wants to highlight the on-the-ground impacts of lawmakers working together. That's the opposite of what the White House thinks voters want. Democrats' unexpected success in the last midterms shows "the American people said very loudly and clearly they wanted us to come together and work for a common ground,” White House press secretary Karine Jean-Pierre told reporters on Wednesday. The two will be joined by Senator Sherrod Brown of Ohio, former Ohio Senator Rob Portman, Kentucky Governor Andy Beshear and Ohio Governor Mike DeWine. McConnell, of Kentucky, was among a handful of Republicans who voted for the infrastructure law while many House Republicans including McCarthy opposed it.

☆ Biden uses bridge to showcase bipartisan push
▼ + stars: | 2023-01-04 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBiden uses bridge to showcase bipartisan pushPostedU.S. President Joe Biden and Senate Republican leader Mitch McConnell made a rare joint appearance on Wednesday at a bridge in Kentucky in a display of bipartisanship that offers a guide to how the White House hopes to govern in months to come. This report produced by Jillian Kitchener.

☆ Biden says it's 'embarrassing' and 'not my problem' the GOP can't agree on a House speaker
▼ + stars: | 2023-01-04 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Biden said "it's a little embarrassing" House Republicans can't agree on a speaker. This is the first time since 1923 that it has taken multiple ballots to fill the leadership post. Biden's comments come as the House of Representatives remains deadlocked over its inability to agree on a Speaker of the House. Without a speaker, the House cannot perform even the most basic function of swearing in lawmakers, let alone pass legislation. Meanwhile, the House is expected to continue votes on trying to find a speaker.

☆ Biden to promote U.S. infrastructure spending in bipartisan Kentucky visit
▼ + stars: | 2023-01-02 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] U.S. President Barack Obama speaks in front of the dilapidated Brent Spence Bridge during a visit to Cincinnati, Ohio September 22, 2011. McConnell, of Kentucky, was among the Republicans who voted for the infrastructure law, which was passed in November 2021, while many House Republicans including Representative Kevin McCarthy opposed it. McConnell said last week in a statement that "building a new companion bridge on the Brent Spence Bridge corridor will be one of the bill's crowning accomplishments." Kentucky and Ohio had sought funding for the project for years. Other administration officials including Vice President Kamala Harris will also tout infrastructure awards in other events this week.

The appearance with McConnell, R-Ky., and other regional leaders from both parties Wednesday signals a dual focus for a White House aiming to stay above the political fray in 2023. But the bipartisan infrastructure law will be front and center as the White House says 20,000 new projects funded by the law will be underway in the year ahead. On Thursday, White House infrastructure coordinator Mitch Landrieu will visit San Francisco, one week after outgoing House Speaker Nancy Pelosi announced that the city’s iconic Golden Gate Bridge will undergo a $400 million retrofit funded by the law. “I’ve never been more optimistic about America in my whole career,” Biden said during an appearance on ABC’s New Year’s Eve special. When asked Friday about whether the 2024 election has come up in discussions this week, Biden quipped: “There’s an election coming up?"

In Mississippi, Republican Gov. Andy Beshear flipped the governor’s mansion in 2019, leaving Republicans eyeing his seat as one to flip back into their column. Bel Edwards spent just under $13 million, while two outside super PACs, one Democratic and one Republican, spent a combined $18 million. In 2019, Beshear beat then-Gov. Mississippi governor’s raceIn Mississippi’s governor’s race, GOP Gov.

Erie County Executive Mark Poloncarz said the storm's confirmed death toll climbed to 13 on Sunday, up from three reported overnight in the Buffalo region. The latest victims included some found in cars and some in snow banks, Poloncarz said, adding that the death tally would likely rise further. New York Governor Kathy Hochul called it an "epic, once-in-a-lifetime" weather disaster that ranked as the fiercest winter storm to hit the greater Buffalo area since a crippling 1977 blizzard that killed nearly 30 people. RESCUING THE RESCUERSThe latest blizzard came nearly six weeks after a record-setting but shorter-lived lake-effect storm struck western New York. [1/9] A snow plow is left stranded on the road following a winter storm that hit the Buffalo region on Main St. in Amherst, New York, U.S., December 25, 2022.

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