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☆ Citi weighs shutting municipal-bond trading business - Bloomberg News
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 3 (Reuters) - Citigroup (C.N) Chief Executive Officer Jane Fraser is weighing whether to shutter the bank's municipal-bond trading and origination business, Bloomberg News reported on Friday. Citi's municipal offering business has been under scrutiny from Texas attorney general, who in January halted the bank's ability to underwrite most municipal bond offerings in Texas saying that Citi has discriminated against the firearms sector. A Citi spokesperson at that time had said the company did not discriminate against the sector and that it believed it was complying with Texas' law. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Jane Fraser, Citi's, Fraser, Jaiveer Singh, Saumyadeb Chakrabarty, Maju Samuel Organizations: Citibank, New York Stock Exchange, REUTERS, Citigroup, Bloomberg, Citi, Thomson Locations: Manhattan , New York City, U.S, Texas, Bengaluru

☆ The compelling value of the muni market is starting to come through, says Baird's Duane McAllister
▼ + stars: | 2023-11-03 | 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 compelling value of the muni market is starting to come through, says Baird's Duane McAllisterDuane McAllister, co-lead municipal sector and senior portfolio manager at Baird Funds, joins 'The Exchange' to discuss the state of the bond market, where the buying opportunities are, and more.

Persons: Baird's Duane McAllister Duane McAllister Organizations: Baird Funds

UNITED NATIONS (AP) — The average Gazan is living on two pieces of Arabic bread made from flour the U.N. had stockpiled in the region, yet the main refrain now being heard in the street is “Water, water,” the Gaza director for the U.N. agency for Palestinian refugees said Friday. Political Cartoons View All 1234 Images“Many people are relying on brackish or saline ground water, if at all,” she said. Fuel, he said, is essential for the functioning of institutions, hospitals and the distribution of water and electricity. An average of 4,000 displaced Gazans are living in the schools without the resources to maintain proper sanitation, he said. The U.N. can’t provide them safety, White said, pointing to over 50 UNRWA facilities impacted by the conflict, including five direct hits.

Persons: Thomas White, ”, White, “, U.N, Lynn Hastings, Martin Griffiths, ” Hastings, ’, can’t, Griffiths, Antonio Guterres, Riyad Mansour, Israel, ” Mansour Organizations: UNITED NATIONS, United Nations, UNRWA Locations: Gaza, Palestinian, Israel, Egypt, United States, dependently, israel

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. He, 68, replaced internationally respected Liu He as one of China's four vice premiers during its annual parliament session in March. The full scope of his portfolio had been largely unclear until Sunday when state media referred to him as the director of a powerful Communist Party economic body. "He Lifeng mainly implements policies from the top leader," said a policy adviser who spoke on condition of anonymity, referring to Xi. "Now under the leadership of the Party ... there will be closer cooperation among the top economic planner, central bank and the finance ministry."

Persons: Lifeng, Florence, Xi Jinping's, Liu, Xi, Liu He, Li Keqiang, Peng Liyuan, Kevin Yao, Laurie Chen, Joe Cash, Ellen Zhang, Marius Zaharia Organizations: REUTERS, Rights, Communist Party, Central Financial Commission, Harvard, Investors, State Council, Party, Xiamen University, National Development, Reform Commission, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, China's, Washington, Europe, Quanzhou, Fujian, Xiamen, Tianjin, Lincoln

But in recent quarters, we have witnessed a dramatic shift higher in interest rates, a move that investors should not fear but embrace. In addition to the rise in nominal interest rates, we have also experienced a similar increase in real interest rates (rates adjusted for inflation). Granted, the journey to higher yields has been painful to bond investors. When calculating fixed-income returns for most bonds, there are two components: price return and income return. As an example, the Bloomberg Aggregate Bond Index posted a price return of -15.3% and an income return of +2.3%.

Persons: Bonds, Taylor Swift Organizations: Istock, Getty, Treasury, Bloomberg, Bond, Federal

In Denver, the number of migrants arriving has increased tenfold and available space to shelter them has withered. With fewer available work authorizations, these migrants cannot find work that would allow them to get into proper housing. Denver Mayor Mike Johnston, who is leading the coalition, said nearly every conversation he has had with arriving migrants is the same: Can he help them find a job, they ask. He is increasingly under fire from members of his own party who are managing the growing number of migrants in their cities. “Our cities need additional resources that far exceed the amount proposed in order to properly care for the asylum seekers entering our communities," the mayors' letter says.

Persons: Joe Biden, Mike Johnston, ” Johnston, Biden, Johnston, Eric Adams, Karen Bass, Brandon Johnson, Chicago, Sylvester Turner, Houston Organizations: WASHINGTON, Democratic, The Associated Press, Denver, Republicans, Republican Locations: Chicago, Denver, Houston, Los Angeles and New York, In New York, U.S, Mexico, United States, New York, “, Los Angeles

Amid the economic turmoil of the pandemic, his government racked up Canada's highest ever deficit. Failing to curb spending now risks "the market dictating to you what you have to do with fiscal policy," said Doug Porter, chief economist at BMO Capital Markets. "I do think they have to trim the sails a bit," he added. "It's going to be easier to get inflation down if monetary and fiscal policy are rowing in the same direction," Macklem said. Fitch Ratings stripped Canada of its triple-A credit rating in June 2020, citing pandemic spending.

Persons: Justin Trudeau, Doug Porter, Chrystia Freeland, Katherine Cuplinskas, Trudeau, Macklem, Desjardins, Randall Bartlett, Simon Deeley, Robert Asselin, DBRS Morningstar, Julia Smith, Steve Scherer, Fergal Smith, Denny Thomas, Josie Kao Organizations: OTTAWA, Trudeau's Liberal, BMO Capital Markets, Finance, International Monetary Fund, of Canada's, BoC, UK, RBC Dominion Securities Inc, New, Business Council of Canada, Fitch, Moody's Investors, Canada, Thomson Locations: Canada, FES, Germany, High, Ottawa, Toronto

Blocking users is a function often employed on social media to stifle critics. The justices, hearing about three hours of arguments, focused on spelling out the circumstances for deciding whether public officials were acting in their personal capacity when blocking critics or engaged in a "state action." Conservative Justice Samuel Alito cited a hypothetical town manager who puts a municipal seal on his own social media page and tells citizens to express their views. Under this test, Mooppan argued, the social media activity of his clients was not governmental. Some justices asked whether requiring public officials to include disclaimers on their personal pages making clear their social media activity is not governmental would help disentangle their private and public capacities.

Persons: Samuel Alito, Alito, Hashim Mooppan, Mooppan, Elena Kagan, Donald Trump, " Kagan, Evelyn Hockstein, Trump, Joe Biden's, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, Kevin Lindke, James Freed, Freed, Ketanji Brown Jackson, Brett Kavanaugh, Victoria Ferres, Ferres, John Kruzel, Andrew Chung, Will Dunham Organizations: WASHINGTON, U.S, Supreme, Twitter, Facebook, Conservative, Liberal, REUTERS, Poway Unified School District, Circuit, Appeals, City, Thomson Locations: California, Michigan, Poway , California, Port Huron, Washington , U.S, San Francisco, Cincinnati, New York

That's why more than 50 local officials signed onto a letter Tuesday calling on the Environmental Protection Agency to help municipal governments cut food waste in their communities. Tackling food waste is a daunting challenge that the U.S. has taken on before. In 2015, the U.S. Department of Agriculture and the EPA set a goal of cutting food waste in half by 2030, but the country has made little progress, said Claudia Fabiano, who works on food waste management for the EPA. Researchers say households are responsible for at least 40% of food waste in the U.S. Chicago, for instance, just launched a city-wide composting pilot program two weeks ago that set up free food waste drop-off points around the city.

Persons: Claudia Fabiano, “ We've, ” Fabiano, Weslynne Ashton, ” Ashton, Ning Ai, ”, Ai, ___ Read, Melina Walling Organizations: CHICAGO, Environmental Protection Agency, U.S . Department of Agriculture, EPA, Farmers, Illinois Institute of Technology, ”, Chicago, University of Illinois, AP Locations: U.S, It's, California, University of Illinois Chicago, ___

☆ CIMB, J Trust among suitors for Indonesia's Bank Commonwealth -sources
▼ + stars: | 2023-10-31 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

REUTERS/Bazuki Muhammad/File Photo Acquire Licensing RightsSINGAPORE, Oct 31 (Reuters) - Malaysian bank CIMB (CIMB.KL) and Japanese finance company J Trust (8508.T) are among firms vying to buy Indonesia's PT Bank Commonwealth, a deal that could value the lender at $400-$500 million, two sources with knowledge of the matter said. Bank Commonwealth, which is 99% owned by Australia's biggest lender Commonwealth Bank of Australia (CBA) (CBA.AX), focuses on retail lending as well as corporate banking services for small and medium enterprises. 2 bank, and J Trust have expressed interest and are looking at submitting binding bids, the sources said. CIMB, J Trust, CBA and Morgan Stanley declined to comment. Bank Commonwealth did not respond to a Reuters request seeking comment.

Persons: Bazuki Muhammad, Morgan Stanley, Yantoultra Ngui, Anton Bridge, Kane Wu, Edwina Gibbs Organizations: CIMB, REUTERS, Rights, J Trust, Indonesia's PT Bank Commonwealth, Bank Commonwealth, Australia's, Commonwealth Bank of Australia, CBA, Bank International Indonesia, China's, China's Bank of, SS, Thomson Locations: Kuala Lumpur, Rights SINGAPORE, Malaysian, Indonesia, Southeast, Southeast Asia, China's Bank, China's Bank of Hangzhou, Hangzhou, Singapore, Tokyo

☆ Suspected gunman takes hostages in Japanese post office - authorities
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Mandatory credit Kyodo/via REUTERS Acquire Licensing RightsTOKYO, Oct 31 (Reuters) - A suspected gunman took at least two people hostage in a post office in Japan after wounding two other people in a shooting at a hospital, authorities and media said on Tuesday. At least two female post office workers in their 20s and 30s were taken hostage, local media reported. Two people were injured at the hospital, media reported. Images broadcast on television showed a man wearing a track suit top and white shirt standing just inside the post office brandishing what looked like a pistol. There were just nine shooting incidents last year, according to the national police agency, of which six were related to criminal gangs.

Persons: Shinzo Abe, Sugiyama Satoshi, Sakura Murakami, Tim Kelly, John Geddie, Christian Schmollinger, Ed Osmond Organizations: Police, Kyodo, REUTERS Acquire, Rights, NHK, Thomson Locations: Warabi, Saitama Prefecture, Japan, Tokyo, Toda

ST. LOUIS (AP) — St. Louis County Prosecuting Attorney Wesley Bell announced Monday he will drop his bid to unseat Republican U.S. Sen. Josh Hawley in 2024, and will instead make a run at a fellow Democrat — U.S. Rep. Cori Bush. Bell, 48, will oppose Bush in the 2024 Democratic primary for Missouri's 1st Congressional District seat that covers St. Louis and part of St. Louis County. Two years earlier, Bell pulled an equally surprising upset when he unseated Bob McCulloch as St. Louis County prosecutor. On Oct. 11, McCaskill posted on X, formerly known as Twitter, a St. Louis Post-Dispatch story headlined, “St. A St. Louis County grand jury declined to indict Wilson, who later resigned.

Persons: — St, Wesley Bell, Sen, Josh Hawley, —, Cori Bush, Bell, Bush, Louis, ” Bell, Michael Brown, William Lacy Clay, Bob McCulloch, Hawley —, I’ve, wasn't, Steve Roberts, Democratic U.S . Sen, Claire McCaskill, McCaskill, Louis ’ Cori Bush, ”, ” McCaskill, Lucas Kunce, Hawley, Ferguson, Darren Wilson, Brown, Critics, McCulloch, Wilson, St Organizations: LOUIS, —, Republican U.S, — U.S . Rep, Democratic, Missouri's, Congressional District, Democrat, Democratic U.S ., Twitter, Louis Post, Dispatch, Democratic Senate, Marine, Ferguson City Council, U.S . Department of Justice, Republican Locations: Louis, St, Louis County, Israel, Ferguson , Missouri, Missouri, Washington, “ St, Ferguson

☆ Nipah virus outbreak in India renews calls to protect bat roosts
▼ + stars: | 2023-10-30 | by ( Sreekanth Sivadasan | ) www.reuters.com time to read: +15 min

Because spillover risk is concentrated in lower income countries in the tropical south, the cost of preventing another pandemic falls squarely on nations that can least afford it. To that end, federal and state officials say they are talking about ways to protect bat habitats in areas where spillover risk is high. Investigators still don’t know precisely how the virus jumped from bats to people in each of the four Kerala outbreaks dating back to 2018. BAT MAGNETS: Bananas and areca nuts grow on land that was home to the first patient who died in a recent Nipah outbreak in Kerala, India. The state would need to act to protect trees and bat roosts, they said.

Persons: Subrat Mohapatra, ” Mohapatra, coronaviruses, Bhupender Yadav, Veena George, ”, Nigel Sizer, Biden, Sizer, Pamela Hamamoto, Muhammad Ali, Pinarayi Vijayan, Sreehari Raman, “ I've, ” Raman, Kerala Agricultural University Dean P.O, Nameer, Sajith Kizhakkayil, “, ” Vijayan, Unni Vengeri, Francisco Pérez, Sreekanth Sivadasan, Rupam Jain, Deborah J, Nelson, Ryan McNeill, Allison Martell, Sam Hart, Simon Newman, Janet Roberts, Feilding Organizations: World Health Organization, Reuters, WHO, Bank, Fund, European, European Union, BAT, Kerala Agricultural University, Research, United, Coalition, European Commission Locations: INDIA, India’s Kerala, India’s, Asia, Kerala, Kozhikode, Geneva, U.S, European, Malaysia, Bangladesh, India, United Nations, Maruthonkara, Changaroth, Kerala’s midland, Berlin

☆ Maine shooting manhunt enters second day; residents still sheltering in place
▼ + stars: | 2023-10-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Authorities were still searching Friday for the suspect in a mass shooting that killed at least 18 people at a bowling alley and a bar in Lewiston, Maine, as the massive, multi-agency effort entered its second day. A warrant has been issued for the arrest of Robert Card, 40, of Bowdoin, Maine on multiple counts of murder. Card is considered armed and dangerous and should not be approached under any circumstances, police said. Residents in Androscoggin County and northern Sagadahoc County were under shelter in police orders and had been told to lock their doors as federal, state, county and municipal law enforcement searched for Card, police said. As recently as this summer, Card suffered from mental health issues, law enforcement and Defense Department officials told NBC News.

Persons: Robert Card Organizations: Police, Army Reserve, Defense Department, NBC News, Army Locations: Lewiston , Maine, Bowdoin , Maine, Androscoggin County, Sagadahoc County, Bowdoin

☆ Vanguard's bond chief expects a recession in 2024. Here's how she's preparing her funds
▼ + stars: | 2023-10-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Entering 2023, many investment experts and economists predicted the U.S. was heading toward a recession, but so far growth has been surprisingly strong. Vanguard is perhaps best known as a leader in low-cost passive index investing in both mutual funds and exchange-traded funds. The firm does have active products, however, such as the Vanguard Core Bond Fund (VCORX) . On Friday, Vanguard announced it was launching two new municipal bond index ETFs — Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and Vanguard California Tax-Exempt Bond ETF (VTEC). Even as the economy starts to slow, Devereux said Vanguard expects a "hawkish hold" from the Fed on interest rates.

Persons: Sara Devereux, CNBC's Bob Pisani, Devereux, Dereveux, They're Organizations: Vanguard's Investment Management Group, The Commerce Department, Vanguard, Bond Fund, Bond, Vanguard California, CNBC Locations: U.S

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

☆ Hurricane Otis caused 27 confirmed deaths and left 4 missing, Mexican authorities report
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +5 min

Rodrigo Oropeza | Afp | Getty ImagesMexican authorities on Thursday gave the first human toll for Hurricane Otis' destruction along the country's Pacific coast: at least 27 dead and four missing. President Andrés Manuel López Obrador said at his morning news briefing that the deaths occurred around Acapulco, but provided few details. "We regret the 27 dead," López Obrador said. "The people sheltered, protected themselves and that's why fortunately there weren't more tragedies, loss of human life," López Obrador said. López Obrador shared details of only one death: He said one soldier was among the dead after a wall of his home collapsed on him.

Persons: Andres Manuel Lopez Obrador, Hurricane Otis, Rodrigo Oropeza, Otis, Andrés Manuel López Obrador, López Obrador, Jakob Sauczuk, Sauczuk, Pablo Navarro, Navarro, Isabel de la Cruz Organizations: Afp, Getty Images, Hurricane, Getty, National Guard, Mexico City Locations: Acapulco, Guerrero State, Mexico, Hurricane, Chilpancingo

☆ Maine town of Lewiston is the scene of the latest US mass shooting
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

- RALEIGH, North Carolina, Oct. 13, 2022: A 15-year-old shot and killed five people and was apprehended after a manhunt. - UVALDE, Texas, May 25, 2022: A teenager opened fire at an elementary school in the South Texas town, killing 19 students and two teachers. - BOULDER, Colorado, March 22, 2021: A mass shooting at a supermarket killed 10 people, including a police officer. - MILWAUKEE, Wisconsin, Feb. 26, 2020: A man opened fire at the Molson Coors Beverage Co brewing complex, killing five co-workers before he committed suicide. - AURORA, Illinois, Feb. 15, 2019: A man opened fire at an Illinois factory after being fired, killing five workers before he was killed by police.

Persons: Nicholas Pfosi, Nick Macfie, Jonathan Oatis Organizations: Lisbon High School, REUTERS, Police, U.S . Border Patrol, CITY, FedEx, Molson Coors Beverage Co, Walmart, Authorities, Thomson Locations: Lisbon , Maine, U.S, Maine, Lewiston, United States, MONTEREY PARK , California, Los Angeles, COLORADO SPRINGS , Colorado, RALEIGH , North Carolina, HIGHLAND, , Illinois, , Texas, South Texas, BUFFALO , New York, OXFORD , Michigan, INDIANAPOLIS, ANGELES, BOULDER , Colorado, ATLANTA, Atlanta, MILWAUKEE , Wisconsin, DAYTON , Ohio, Dayton, Texas, VIRGINIA BEACH , Virginia, Virginia, AURORA , Illinois, Illinois

When the Veralto spinoff from Danaher was completed earlier this month, shareholders like us received one VLTO share for every three shares of DHR owned. Recall that in Danaher's earnings report, third-quarter results for the Environmental & Applied Solutions outpaced expectations for both sales and operating income. On Thursday's call, CFO Sameer Ralhan said Veralto implemented some cost optimizations in the third quarter that will start delivering benefits in the ongoing fourth quarter. Other notable dynamics in Veralto's third quarter include free cash flow generation coming in at 113% of GAAP earnings (which was higher than adjusted earnings at 83 cents per share). Finally, Veralto expects to initiate a quarterly dividend of 9 cents per share in the fourth quarter.

Persons: Danaher, Jennifer Honeycutt, we're, New York City's, we've, We've, Sameer Ralhan, Veralto, Ralhan, Honeycutt, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: DHR, Applied Solutions, Applied, Argentine, PQ, Growth, Procter, Gamble, CNBC, Getty Locations: Danaher, Veralto, New York, North America, Western Europe, China, Miami , Florida

☆ Protect your portfolio income from hefty state taxes with these funds
▼ + stars: | 2023-10-26 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors in high-tax locales can protect some of their portfolio income from steep levies by adding state-specific municipal bond funds to their fixed-income roster. "In the muni bond fund market, we're seeing yields higher than they have been in more than a decade," said Amy Arnott, portfolio strategist for Morningstar Research Services. That's because while muni bond income is generally free of federal taxes, it can also avoid state levies if the investor resides in the state where the bond was issued. That's where state-specific muni bond funds come into the picture. See below for a chart of 10 large state-focused muni bond funds.

Persons: Bonds, haven't, Amy Arnott, Dan Herron, Herron, Arnott, CNBC's Gabriel Cortes Organizations: Federal Reserve, Muni Bond ETF, Morningstar Research Services, Vanguard, SEC, Vanguard New, CPA, Wealth Advisors, muni Locations: California, New York, Massachusetts, Ohio, Jersey

☆ Manhunt underway for suspect in Maine shooting that left at least 18 people dead
▼ + stars: | 2023-10-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Law enforcement officials load into a tactical vehicle at Lisbon High School in Lisbon, Maine, Oct. 26, 2023, as a manhunt resumes for the suspect in a mass shooting in nearby Lewiston the previous day. Law enforcement agencies are searching for the suspect in a mass shooting that left at least 18 people dead and 13 injured Wednesday at a bowling alley and a bar in the town of Lewiston, Maine. The suspect, Robert Card, remained at large Thursday and is considered armed and dangerous, Gov. The search is a coordinated effort between federal, state, county and municipal law enforcement. The rifle used by the suspect was purchased legally this year, two senior law enforcement officials briefed on the matter told NBC News.

Persons: Robert Card, Janet Mills, Mills Organizations: Lisbon High School, Army, Maine, Analysis, National Guard, NBC News Locations: Lisbon , Maine, Lewiston, Lewiston , Maine, Maine

[1/6] Park Young-soo, whose son died in the Halloween crowd crush a year ago, visits the memorial park where her son's ashes were buried in Pocheon, South Korea, October 24, 2023. She says she may not be able to move on with her life until she sees some kind of accountability from the government. Park is one of more than 100 family members who say the authorities have done little to hold those responsible to account. Relatives of the victims want a special law that would allow an independent and comprehensive investigation into the cause of the crush. "Nothing is reported to us nor communicated to us," said Nari Kim from Austria, who lost her younger brother in the crush.

Persons: Kim Soo, soo, Lee Nam, Lee, Yoon Suk, Lee Sang, Kim Young, Kim, Nari Kim, Jong, Woo Paik, Hyunsu Yim, Daewoung Kim, Heejung Jung, Jimin Jung, Josh Smith, Robert Birsel Organizations: REUTERS, Rights, Interior, National Assembly, Power Party, Korean Society, Thomson Locations: Pocheon, South Korea, Rights SEOUL, Itaewon, Hamilton, Seoul, North Korea, Seoul's, U.S, Japan, Iran, Austria, Korea

☆ Judge Reinstates Murder Charge Against Ex-Philadelphia Police Officer for Deadly Traffic Stop
▼ + stars: | 2023-10-25 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - A Philadelphia appeals court judge reinstated charges of murder and other crimes against former police officer Mark Dial on Wednesday for fatally shooting a man as he sat in his car in August. Last month, Philadelphia's district attorney had charged Dial with murder and a host of other offenses for shooting Eddie Irizarry, 27, several times after Dial and another officer had slowly followed him through city streets. A few weeks later, Judge Wendy Pew of the Philadelphia Municipal Court dismissed the charges, citing a lack of evidence and agreeing with Dial's self-defense argument. Police had falsely said Irizarry had left his car and lunged at officers before the department admitted that was not the case. He has been charged with murder, voluntary manslaughter, aggravated assault, simple assault, recklessly endangering another person, and official oppression.

Persons: Mark Dial, Eddie Irizarry, Irizarry, Wendy Pew, Lillian Ransom, Dial, Jonathan Allen, Bill Berkrot Organizations: Reuters, Dial, Police, Philadelphia Municipal Court, Pennsylvania, Pleas, CBS, Philadelphia Police Department, CNN Locations: Philadelphia, Philadelphia's, Puerto Rico

☆ Inside Poland Spring’s Hidden Attack on Water Rules It Didn’t Like
▼ + stars: | 2023-10-24 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +14 min

The BlueTriton bottling plant in Poland Spring, Maine, this month. Water Clashes NationwideBlueTriton finds itself pitted against local water boards, environmentalists and other groups across the country. Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Aquifers Water bottling facility BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Water bottling facility Aquifers BlueTriton facility Sources: U.S. Geological Survey; Continental U.S. aquifer map data from GebreEgziabher, Jasechko and Perrone, Nature Communications (2022) Mira Rojanasakul/The New York TimesIn California, BlueTriton has publicly criticized and vowed to fight a cease-and-desist order issued by the state’s water board to stop diverting millions of gallons of water from a spring in San Bernardino County. Poland Spring water was first packaged as a local elixir in the mid-1800s. The original Poland Spring water source.

Persons: BlueTriton, ”, Elizabeth M, Frazier, haven’t, Christopher Kessler, Bottlers, Ms, Frazier didn’t, Anthony Moffa, Mark Lawrence, Lawrence, Mira Rojanasakul, State Legislature’s, Margaret M, “, John Mullaney, Roger Crouse, Cheryl Dieter, Metropoulos, Nestlé, John McGowan, Natalie DiPentino, DiPentino, Poland Spring, BlueTriton’s Organizations: The New York Times, Times, Democratic, Energy, Utilities, Technology, Maine State House, ”, Industries, University of Maine School of Law ., Democrat, Water, . Geological Survey, Continental, Nature Communications, New York Times, State, Poland, U.S, Geological, Water Science, Industry, Maine Water Utilities Association, United States Geological Survey, Rock Capital Partners, Metropoulos, Moody’s Investors Service Locations: Maine, Poland, Poland Spring , Maine, South Portland, Michigan, Colorado, Augusta, In Colorado, Arkansas, United States, Continental U.S, GebreEgziabher, California, San Bernardino County, In Michigan, Lincoln, Lincoln , Maine, New York, BlueTriton’s Poland, Chaffee County , Colorado

☆ China arrested an executive and two former employees at a major US ad agency, claiming they accepted bribes, reports say
▼ + stars: | 2023-10-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Chinese authorities raided the Shanghai offices of GroupM, Reuters reported. AdvertisementAdvertisementThree people linked to the major ad agency GroupM have been detained by police in Shanghai, according to Reuters and The Wall Street Journal. Chinese authorities raided the Shanghai campus of WPP — the conglomerate which owns GroupM — on Friday, according to Reuters. A month before that, Chinese authorities raided the Beijing offices of Mintz Group, the American corporate due diligence firm. Five employees were detained, according to Reuters.

Persons: Patrick Xu, Bain, Mintz Organizations: Reuters, Morning, Street, Financial Times, Shanghai, WPP, Insider Intelligence, Mintz Group, Beijing Municipal Bureau, Statistics, Associated Press Locations: Shanghai, GroupM, China, Beijing

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