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☆ A recently extended Denver guaranteed basic-income program gave people up to $1,000 a month. A participant said it allowed him to pay rent and gave him hope to keep providing for his kids
▼ + stars: | 2024-02-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

For a year, it allowed him to pay rent, more comfortably pay his bills, and spend time with family. He couldn't afford rent anymore after the program, but he's hopeful the extension will help him again. Basic income programs including those in Austin and Minneapolis showed that most recipients spend their payments on soaring housing costs. For the first year, the project gave participants either $1,000 monthly, $500 monthly with $6,500 upfront, or $50 each month as a control group. Some of his former coworkers found out he was living in his car, and they helped him find a place and pay rent.

Persons: Jarun Laws, —, It's, Laws, Karl W, Smith, Mark Donovan, he's, I'm Organizations: Income, Service, Denver, Bloomberg, Colorado Trust, University of Denver's Center for Housing, Homelessness Research, Safeway, Doordash, BI Locations: Denver, Austin, Minneapolis, Greater Denver

NEW YORK (AP) — Kawhi Leonard and Paul George of the Los Angeles Clippers were chosen as All-Star reserves Thursday, while the Minnesota Timberwolves and New York Knicks also had two players selected. Anthony Edwards and Karl-Anthony Towns of the Western Conference-leading Timberwolves will be going to the Feb. 18 game in Indianapolis. Stephen Curry is an All-Star for the 10th time, while the Lakers' Anthony Davis and Devin Booker of Phoenix rounded out the West reserves. Jalen Brunson was selected for the first time and was joined by teammate Julius Randle from the Knicks, who went 14-2 in January. They had to choose three frontcourt players, two guards and two other players, regardless of position.

Persons: — Kawhi Leonard, Paul George, Anthony Edwards, Karl, Anthony Towns, Stephen Curry, Anthony Davis, Devin Booker, Jalen Brunson, Julius Randle, Philadelphia's Tyrese Maxey, Orlando's Paolo Banchero, Cleveland's Donovan Mitchell, Boston's Jaylen Brown, Curry, of Famer Paul Arizin’s, Davis, George —, Leonard, Milwaukee’s Giannis Antetokounmpo, Damian Lillard, Philadelphia’s Joel Embiid, Boston’s Jayson Tatum, Tyrese, LeBron James, Denver’s Nikola Jokic, Kevin Durant, Shai Gilgeous, Alexander of, Luka Doncic, That's, Trae, Domantas Sabonis, De'Aaron Fox, Boston's Derrick White, Rudy Gobert, Jimmy Butler, Adam Silver, Randle, ___ Organizations: Los Angeles Clippers, Star, Minnesota Timberwolves, New York Knicks, Western Conference, Timberwolves, Lakers, Knicks, of Famer, of Famer Paul Arizin’s Warriors, NBA, Indiana, Alexander of Oklahoma City, Luka, Celtics, Wolves Locations: Indianapolis, Indiana, Tyrese Haliburton, Phoenix, Dallas, Sacramento, Minnesota, Towns

☆ Brussels Threatens to Hit Hungary's Economy if Orban Vetoes Ukraine Aid - FT
▼ + stars: | 2024-01-29 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The European Union will sabotage Hungary's economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels, the Financial Times reported on Sunday. Brussels has outlined a strategy to explicitly target Hungary's economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt "jobs and growth" if Budapest refuses to lift its veto on the aid to Kyiv, the newspaper reported, citing a document drawn up by EU officials. they cannot imagine that" EU funds would be provided to Budapest. Hungary's EU minister Janos Boka told the newspaper Budapest was not aware of the financial threat, but that the country "does not give in to pressure". (Reporting by Disha Mishra in Bengaluru; Editing by Kirsten Donovan)

Persons: Viktor Orban, Janos Boka, Disha Mishra, Kirsten Donovan Organizations: Reuters, European, Financial Times, Budapest, EU, Kremlin, FT Locations: European Union, Budapest, Ukraine, Brussels, Kyiv, Hungarian, Russia, Hungary's, Bengaluru

☆ Watch the moment Lauren Boebert was asked to 'give the definition of carpetbagger' in the first GOP debate in her new district
▼ + stars: | 2024-01-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewOn Thursday, Republican Rep. Lauren Boebert faced several GOP opponents in the first primary debate for Colorado's 4th congressional district. Related stories"My boys and I needed a fresh start," said Boebert. In the CO-04 GOP primary debate last night, @RepBoebert was asked by opponent @LynchForCO to "give the definition of carpetbagger." "My boys and I needed a fresh start," said Boebert. pic.twitter.com/pQ5Jslc7wr — bryan metzger (@metzgov) January 26, 2024Boebert had been facing a bruising reelection bid in her old district, which she won by less than 600 votes in 2022.

Persons: —, Lauren Boebert, It's, Boebert, That's, Mike Lynch, Colorado House —, Lynch, Mary, Jayson, @RepBoebert, @LynchForCO, pQ5Jslc7wr — bryan metzger, @metzgov, Deborah Flora, Sen, Kerry Donovan, wouldn't, Donovan Organizations: Service, Republican, GOP, Business, Colorado House, Capitol, Democrat Locations: Colorado, Denver, Fort Lupton, Colorado's

LeBron James joined yet another exclusive club, and he’ll have plenty of familiar faces alongside him at the NBA All-Star Game. James is an All-Star — and an All-Star starter — for the 20th time, with the league unveiling the results of this season’s starter balloting on Thursday night. Durant is a 14-time selection now, one of only 11 players in NBA history to be picked that many times. Tatum set an All-Star Game record last season, scoring 55 points in Salt Lake City on the way to MVP honors. This year’s All-Star Game goes back to the traditional East-vs.-West format, which was utilized in the first 66 NBA midseason classics.

Persons: LeBron James, James, —, Kareem Abdul, Jabbar, Phoenix’s Kevin Durant, Denver’s Nikola Jokic, Dallas ’ Luka, Oklahoma City’s Shai Gilgeous, Alexander, Stephen Curry, Durant, Milwaukee’s Giannis Antetokounmpo, Boston’s Jayson Tatum, Philadelphia’s Joel Embiid —, Tatum, Milwaukee's Damian Lillard, “, ” Tatum, it’s, Curry, Boston's Jaylen Brown, York's Jalen Brunson, Atlanta's Trae, Cleveland's Donovan Mitchell, Miami's Bam Adebayo, Anthony Davis, Orlando's Paolo Banchero, Sacramento's De'Aaron Fox, Phoenix's Devin Booker, Kawhi Leonard, Philadelphia's Tyrese Maxey, Minnesota's Anthony Edwards, ” Haliburton, I’ve, ”, Antetokounmpo, ” Durant, Adam Silver, Gordie Howe, Hank Aaron, Willie Mays, Stan Musial, Howe, Aaron, Mays, Musial, Mickey Mantle, it’ll, SportsMediaWatch, ” Joe Dumars, ___ Organizations: NBA, Star, Western Conference, Golden State, Eastern Conference, Haliburton, TNT, Los Angeles Lakers, Los Angeles Clippers, NHL, Major League Baseball, Star Games, Kobe Bryant’s, League, TBS Locations: Indianapolis, Dallas, Dallas ’ Luka Doncic, Oklahoma, Salt Lake City, Miami, Indiana, Indy, U.S

NEW YORK (AP) — Lorrie Moore, Naomi Klein and the Egyptian writer Ahmed Naji are among the finalists for National Book Critics Circle awards. Honorary prizes are going to Judy Blume and to a longtime ally of Blume's in the fight against book bans, the American Library Association. On Thursday, the critics circle announced nominees in seven competitive categories, ranging from fiction to debut book to best translation. The other fiction nominees are Justin Torres' “Blackouts,” winner of the National Book Award last fall; Teju Cole's “Tremor,” Daniel Mason's “North Woods”; and Marie NDiaye's “Vengeance Is Mine,” translated from the French by Jordan Stump. The book critics circle, founded in 1974, consists of hundreds of reviewers and editors from around the country.

Persons: — Lorrie Moore, Naomi Klein, Ahmed Naji, Judy Blume, Blume's, Moore, “, Justin Torres, ” Daniel Mason's “, Marie NDiaye's, Jordan Stump, Grace E, Tina Post's, ” Nicholas Dames, ”, Myriam Gurba's, Naji, Katharine Halls, Matthew Zapruder's “, ” Susan Kiyo Ito's, David Mas, Patricia Wakida, Jonathan Coe's Martin Luther King, Gregg Hecimovich, Hannah Crafts, Anna, Rachel Shteir's, Betty Friedan, Jonny Steinberg's, Winnie, Nelson, Saskia Hamilton's “, ” Kim Hyesoon's, ” Romeo Oriogun's, Robyn Schiff's, Kareem Abdulrahman, Natascha Bruce, Dorothy Tse's ”, Don Mee, Kim Hyesoon's, ” Todd, ” Maureen Freely’s, Tiffany, Indonesian Norman Erikson Pasaribu's, John Leonard, Ariana Benson's, ” Emilie Boone's, ” Victor Heringer's “, ” Tahir Hamut Izgil's, Donovan X, Martin J, Siegel's, Blume, Becca Rothfield, Marion Winik Organizations: American Library Association, Rotten, PEN America, U.S, Washington Locations: Egypt, Indonesian

☆ Denver's Basic Income Project has been so successful it's getting more funding and an extension
▼ + stars: | 2024-01-25 | by ( Kenneth Niemeyer | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The Denver Basic Income Project just got an extension and more funding. The Denver Basic Income Project, which now provides monthly payments to 800 of the city's lowest-income households, announced it is extending its runtime for another six months. Many cities around the United States are experimenting with basic income projects to alleviate homelessness and support their most vulnerable residents. AdvertisementBut while basic income plans have largely shown success, not everyone is in favor of them, and many programs have drawn the ire of conservative lawmakers. "I am proud to endorse the Denver Basic Income Project and its vital role in our ongoing efforts to address homelessness and improve the lives of our residents."

Persons: it's, —, Mark Donovan, Donovan, Dia Broncucia, Justin Searls, Tonaeya Moore, Mike Johnston, Johnson Organizations: Service, Income, Colorado Trust, Center for Housing, Homelessness Research, University of Denver, Baltimore Young, Denver Locations: Denver, United States, Baltimore, Texas, Harris County, Houston, Iowa

☆ Opinion | Inflation Worries and Snickers Bars
▼ + stars: | 2024-01-25 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Economic Indicator We Need? A Candy Bar,” by Paul Donovan (Opinion guest essay, Jan. 21):Contrary to Mr. Donovan’s claims, I’m not uninformed about inflation. I know the latest year-over-year inflation rate, as well as the latest month-to-month inflation rate. Given these realities, I have every right to be upset with our disingenuous political and corporate leaders who claim that inflation isn’t a concern. And I have every right to be upset with the numerous opinion pieces, including Mr. Donovan’s, that attempt to explain away the ignorance of my good fortune.

Persons: Paul Donovan, Jan, Donovan’s, I’m Organizations: Bureau of Labor Statistics ’, Trump, Biden

☆ Tristan Thompson: Former NBA champion suspended without pay for 25 games after violating NBA’s drug policy
▼ + stars: | 2024-01-24 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —Cleveland Cavaliers big man Tristan Thompson has been suspended by the NBA for 25 games without pay for violating the league’s anti-drug program. “The Cleveland Cavaliers fully support the NBA/NBAPA Anti-Drug Program, and we are disappointed in the recent news surrounding Tristan Thompson,” the organization wrote. We stand behind Tristan and offer our support throughout this suspension period.”The 32-year-old Thompson has spent time with six different teams in his 13-year NBA career. Thompson – an Ontario, Canada, native – is averaging 3.8 points and 3.9 rebounds in 12.4 minutes per game for Cleveland this season. Fueled by the stellar play of All-Star guard Donovan Mitchell, Cleveland has won eight straight games and is currently fourth in the Eastern Conference.

Persons: Tristan Thompson, Thompson, ”, “, Tristan, –, LeBron James –, James, David Maxwell, Thompson –, Darius Garland, Evan Mobley, Donovan Mitchell, Cleveland Organizations: CNN — Cleveland Cavaliers, NBA, ibutamoren, Cavaliers, Milwaukee Bucks, SARM, US Food and Drug Administration, Doping Agency, The Cleveland Cavaliers, Drug, Cleveland, Golden State Warriors, Boston Celtics, Sacramento, Sacramento Kings , Indiana Pacers, Chicago Bulls, LA Lakers, Eastern Conference Locations: Sacramento Kings ,, Thompson – an Ontario, Canada, –

“It is a privilege to select the team that will help us toward the goal of once again standing atop the Olympic podium. If he plays and the U.S. wins, Durant would be the first men’s player with four basketball golds. “I will play in the Olympics,” Durant adamantly said last fall at Phoenix’s media day. The other 28 players on the list are headlined by a pair who may make their Olympic debuts — Embiid and Curry among them. Players not in the pool aren’t exactly ineligible to make the Olympic team; while it is a long shot, it has happened before.

Persons: LeBron James, Joel Embiid, Stephen Curry, Kevin Durant, Draymond Green, Golden, Steve Kerr, Miami's Erik Spoelstra, Mark, Grant Hill, — Durant, James, Chris Paul, Anthony Davis, Bam Adebayo, Damian Lillard, Devin Booker, James Harden, Jayson Tatum, Jimmy Butler, Jrue, Kyrie Irving, Paul George, Durant, ” Durant, — Embiid, Curry, ” Curry, ” Embiid, Nick Nurse, Jarrett Allen, Paolo Banchero, Desmond Bane, Scottie Barnes, Mikal, Jaylen Brown, Jalen Brunson, Alex Caruso, Anthony Edwards, De’Aaron Fox, Aaron Gordon, Tyrese Haliburton, Josh Hart, Tyler Herro, Chet Holmgren, Brandon Ingram, Jaren Jackson Jr, Cam Johnson, Walker Kessler, Kawhi Leonard, Donovan Mitchell, Bobby Portis, Austin Reaves, Duncan Robinson, Derrick White, Trae Young, “, ”, Adebayo, ” Green, Green, Antonio’s Keldon Johnson, Gregg Popovich, Johnson, JaVale McGee, Bradley Beal, Kevin Love —, — Organizations: USA Basketball’s, Paris Olympics, U.S, Janeiro Games, USA Basketball, Los Angeles Clippers, NBA, ”, Philadelphia, France, ” 76ers, Golden State, Olympic, Tokyo Games, Spurs, AP Locations: USA, Paris, United, Cameroon, Mikal Bridges, Golden, paris

After failing to break into the cash register, Bill walked out of the store and drove off with his girlfriend. Gerhardt awoke and called 911, and an ambulance rushed her to a hospital, where she remained for three days. The police promptly caught Bill, still covered in Gerhardt’s blood. “I got lucky because I had a gun in the car, and I always carried it,” Bill told me. “That was one of the hardest things to go through,” Sue Buchholz, his stepmother, who raised him for most of his boyhood, told me.

Persons: Bill, Gerhardt, ”, “, ” Bill, ” Sue Buchholz, Buchholz

The United States has seen a steady decline in the rate of inflation, and yet many American voters are still upset over the cost of daily life. To understand this perception gap, Paul Donovan, the chief economist of UBS Global Wealth Management, argues, we should consider the cost of a Snickers Bar. In this audio essay, he explains that frequent smaller purchases — like candy bars — shape our experience of the economy. (A full transcript of this audio essay will be available midday on the Times website.)

Persons: Paul Donovan Organizations: UBS Global Wealth Management, Times Locations: States

1 UConn with 2:43 left in the game that settled a fantastic Big East matchup, Tristen Newton scored 25 points and the Huskies held off persistent Villanova 66-65 at a packed Wells Fargo Center on Saturday night. Cam Spencer had 14 points for the Huskies (17-2, 7-1 Big East), who are 2-0 since they were voted No. 1 the AP Top 25 in the regular season for the first time in 15 years. They’ve won seven straight games and won’t play against a ranked team -- as of this week’s poll -- until Feb. 17 against No. The Wildcats play Wednesday at St. John's.

Persons: — Alex Karaban, Tristen Newton, Cam Spencer, They’ve, Jay Wright, Tyler Burton, Newton, Justin Moore, Moore, TJ Bamba, Kyle Neptune, Saint Joseph’s, Dan Hurley, Donovan Clingan, Villanova's Mark Armstrong, Xavier, John's, ___ Organizations: PHILADELPHIA, UConn, Huskies, Villanova, Wells Fargo Center, Big East, Big, of Fame, Wildcats, NBA, North, NCAA, AP Locations: Wells, Florida, Marquette, That’s, Villanova, North Carolina, SportsBook, St

☆ Brazil's Senate Leader Pacheco Says Government to Revoke Payroll Tax Proposal
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Brazilian Senate leader Rodrigo Pacheco said on Friday the government would revoke a proposal it made to phase out the extension of payroll tax exemptions for various labor sectors, yielding to the will of the lawmakers on the matter. Speaking at a Lide Group event in Switzerland, Pacheco said that payroll tax exemption for 17 sectors of the economy until 2027 would remain. "The exemption will stand, and there is a commitment from the federal government to...revoke this provisional measure in the part that concerns the payroll exemption," Pacheco said during a panel session at the event in Zurich. Lawmakers voted to extend payroll tax exemptions for 17 labor sectors until 2027, with an impact of 12 billion reais ($2.44 billion) that had not yet been incorporated into the 2024 budget. The government package, which met with immediate political opposition, proposed reducing and gradually phasing out these benefits.

Persons: Rodrigo Pacheco, Pacheco, we've, Luiz Inacio Lula da Silva, Eduardo Simões, Steven Grattan, Kirsten Donovan Organizations: Reuters, Lawmakers Locations: Switzerland, Zurich

☆ The Snickers Bar Is the Economic Indicator We Need - The New York Times
▼ + stars: | 2024-01-18 | by ( Paul Donovan | ) www.nytimes.com time to read: +1 min

The United States has just experienced one of the biggest collapses in consumer inflation in modern history. More than 12 Snickers bars are sold every second in the United States. That makes Snickers bars a very important part of consumer purchases, and so the price of a Snickers bar should be included in the inflation calculation. Yet Snickers bars do not consume a big portion of most families’ annual budget (at least they usually don’t). With $1,500 a consumer could buy a high-end 55-inch television, or almost four Snickers bars a day for a year.

Locations: States, United States

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

Image A watch party for Mr. Trump in Des Moines on Monday night. Credit... Haiyun Jiang for The New York TimesInstead, if Mr. Trump wins next week’s New Hampshire primary, a march to a third nomination is all but certain. Some in the news media were reluctant to direct their audiences to Mr. Trump, especially shortly after he left office, for fear that it would only amplify his lies about his election loss. Since 2016, both Republican and Democratic leaders have often agreed that it helps Democrats to have Mr. Trump at the political fore. Mr. Biden has signaled his plans to highlight Mr. Trump’s efforts to subvert his loss in the 2020 election, invoking the attack on the Capitol and Mr. Trump’s revisionist history of what happened.

Persons: Donald J, Trump, codifying, —, he’d, Haiyun Jiang, ”, David Axelrod, Barack Obama, “, victimhood, Mr, Trump’s, Axelrod, Biden, Maansi Srivastava, Liam Donovan Organizations: Fox News, Republican, Trump, Republican Party, The New York, Democratic, Republicans, New, New York Times Democrats, Capitol, Washington Post, University of Maryland Locations: New York, Iowa, Florida, Des Moines, Hampshire, Clive , Iowa, New Hampshire, Washington, mattering

☆ Jane Fonda says her Oscar trophies were kept hidden during her marriage to Tom Hayden
▼ + stars: | 2024-01-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

Jane Fonda says she kept her Oscar trophies hidden while married to her second husband Tom Hayden. "I wanted to play down the Hollywood part of me," she told Dave Karger in his book "50 Oscar Nights." AdvertisementJane Fonda says she used to keep her Oscar trophies hidden during her marriage to political activist Tom Hayden, according to an excerpt published by People from Dave Karger's forthcoming book, "50 Oscar Nights." AdvertisementA year later, in 1991, Fonda married her third husband, CNN founder Ted Turner. Karger's book "50 Oscar Nights" is set to be released on January 23.

Persons: Jane Fonda, Tom Hayden, Dave Karger, —, Dave Karger's, Fonda, Karger, Grace, Frankie, Hayden, Troy O'Donovan Garity, Mary Luana Williams, Ted Turner, Turner Organizations: Service

☆ Death Toll Rises to 23 After Mudslide in Northwest Colombia
▼ + stars: | 2024-01-13 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

BOGOTA (Reuters) - A mudslide brought on by heavy rains in northwest Colombia killed at least 23 people and injured dozens on a busy highway, authorities said on Saturday. The mudslide, which happened Friday afternoon, covered a roadway that connects the cities of Quibdo and Medellin in the Pacific province of Choco. At least 35 people were also injured and an unknown number of people are still missing as mud completely engulfed several cars on the road, authorities said. "The extraction of bodies continues," the governor of Choco said in a statement shared on social media. (Reporting by Luis Jaime Acosta, writing by Cassandra Garrison; Editing by Kirsten Donovan and Diane Craft)

Persons: Luis Jaime Acosta, Cassandra Garrison, Kirsten Donovan, Diane Craft Organizations: Colombia's National Unit for, Risk Locations: BOGOTA, Colombia, Quibdo, Medellin, Pacific, Choco

☆ Inflation is down sharply, but getting to exactly 2% will be tough
▼ + stars: | 2024-01-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, measured 2.6% annually in November. So, getting that number down to the Fed’s 2% target should happen in no time, right? That’s because much of the run-up in inflation came from pandemic-induced supply chain disruptions and unusual spikes in demand. The reason is that as inflation cools more, the remaining components that work to keep inflation above the Fed’s target are increasingly “sticky,” meaning they’re the least responsive to changes in market conditions. And it’s so far, so good.”That said, though it’s not the Fed’s go-to inflation gauge, Thursday’s CPI report showed that the road to 2% could come with more bumps.

Persons: ”, John Cochrane, Jerome Powell, Gregory Daco, That’s, Powell, Cochrane, “, ” Paul Donovan, ” Powell, I’d, it’s Organizations: New, New York CNN, Hoover Institute, “, University of Chicago, CNN, UBS Global Wealth Management Locations: New York, EY

☆ Former researcher alleges Harvard forced her out to preserve Facebook donations
▼ + stars: | 2023-12-05 | by ( Eamon Javers | ) www.cnbc.com time to read: +13 min

WASHINGTON — Social media researcher Joan Donovan says she knows the exact moment her career began to go off the rails. "I got called into the principal's office and was questioned about why I'm talking about Facebook," Donovan said. In a statement to CNBC, Harvard Kennedy School Director of Public Affairs James Smith disputed Donovan's account of her departure. "The narrative is full of inaccuracies and baseless insinuations, particularly the suggestion that Harvard Kennedy School allowed Facebook to dictate its approach to research." Smith told CNBC that Harvard University and the Kennedy School continue to carry out misinformation and social media research to this day.

Persons: Harvard Kennedy, Joan Donovan, Donovan, John F, Frances Haugen, Haugen, Elliot Schrage, Schrage, Nick Clegg, Clegg, didn't, Douglas Elmendorf, Dean Elmendorf, Sheryl Sandberg, Sandberg, Elmendorf, Mark Zuckerberg, Priscilla Chan –, –, Zuckerberg's, Guillermo S, Hava, Eleanor V, Wikstrom, —, Chan, Public Affairs James Smith, Smith, Kennedy, Chan Zuckerberg, Donovan's Organizations: Harvard, Media Politics, WASHINGTON — Social, Harvard University, Kennedy School of Government, Dean's Council, CNBC, Meta, Facebook, Dean's, Kennedy School, Elmendorf, Harvard's Kennedy School, Twitter, Google, Washington Post, Initiative, Technology, Research, Whistleblower, Massachusetts, U.S . Department of Education's, Civil Rights, Harvard Kennedy School, Public Affairs, School, Kennedy, Media, Politics, Public, Tech, Chan Zuckerberg Initiative Locations: Malden, Harvard, Central, Dean's, FBarchive.org

☆ France puts country on 'high' alert for bird flu
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 5 (Reuters) - France raised the risk level of bird flu to 'high' from 'moderate' on Tuesday after the detection of new cases of the disease, forcing poultry farms to keep birds indoors to stem the spread of the highly contagious virus. Avian influenza, commonly known as bird flu, has led to the culling of hundreds of millions birds worldwide in recent years. France said last week that it had detected a first bird flu outbreak on a farm this season in Brittany, in the northwest of the country. The "high" risk level implies that all poultry should be kept inside on farms and additional security measures taken to avoid a spread of the disease. Reporting by Sybille de La Hamaide and Gus Trompiz; Editing by Sudip Kar-Gupta, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sybille de La Hamaide, Gus Trompiz, Sudip Kar, Gupta, Kirsten Donovan Organizations: Thomson Locations: France, Germany, Netherlands, Belgium, Brittany

☆ London stock market trading resumes after small cap outage
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. "Impacted securities are now in regular trading," LSEG said in a notice published on its website. FTSE 100 (.FTSE), FTSE 250 (.FTMC) and International Order Book securities - shares listed in London by overseas companies - had continued to trade normally, the exchange said. It is the second time LSEG has flagged a disruption to trading in smaller stocks on the London market in less than two months. In 2019, the London Stock Exchange suffered an almost two-hour outage that hit FTSE 100 and midcap stocks, which LSEG said was caused by a “technical software issue”.

Persons: Toby Melville, LSEG, Thomson, Danilo Masoni, Alun John, Amanda Cooper, Kirsten Donovan Organizations: London Stock Exchange, REUTERS, Tullow, CMC, FTSE, Thomson Reuters, Reuters, Thomson Locations: Canary Wharf, London, Britain, LSEG

☆ Life insurers binge on US financing aimed at helping housing
▼ + stars: | 2023-12-05 | by ( Koh Gui Qing | ) www.reuters.com time to read: +8 min

It has been predominantly used by life insurers, because they need to boost their investment returns with cheap funding to meet long-term liabilities. They provide the cheap funding to banks and insurers in exchange for collateral to ensure they get their money back. Insurers are entitled to tap FHLB funding. Insurers’ borrowing from FHLBs picked up in 2008 financial crisis, as those that spread themselves thin with aggressive investments scrambled for cash. They did not explain why insurers need FHLB funding to invest in mortgages.

Persons: Sarah Silbiger, Ryan Donovan, CMBS, Lawrence White, White, Graphics JUICING, Cynthia Beaulieu, Cornelius Hurley, Hurley, FHLBs, ’, Michael Ericson, Jack Dolan, Koh Qui, Greg Roumeliotis, Anna Driver Organizations: REUTERS, Loan, Federal Housing Finance Agency, of Federal Home Loan, FHLBs, FHLB, National Association of Insurance, New York University, MetLife Inc, Equitable Holdings Inc, Corebridge, Brighthouse Financial, MetLife, TIAA, Equitable, Graphics, Wellington Management, Boston University School of Law, Coalition, Silicon Valley Bank, First, American, of, Insurance Coalition, Reuters, Thomson Locations: Washington , U.S, U.S, Boston, Silicon, First Republic, Chicago, New York

☆ Barclays shares slip after major backer Qatar cuts stake
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Qatar Investment Authority, the state sovereign wealth fund which owns Qatar Holding, did not respond to a request for comment. The share sale comes as Barclays embarks on a shake-up to cut costs and revive its share price, which has halved since Qatar first invested in 2008. Barclays' stock fell as much as 4.5% in early trading and was last down 2.5% at 1007 GMT. Qatar became Barclays' largest shareholder during the 2008 financial crisis when it injected 4 billion pounds into the UK bank in a deal that helped avert a taxpayer bailout. Britain's financial watchdog later fined Barclays $55 million for fees paid to Qatari entities in the 2008 fundraising, which Barclays said it would appeal.

Persons: Venkatakrishnan, Vekatakrishnan, Iain Withers, Sinead Cruise, Pablo Mayo Cerqueiro, Lawrence White, Danilo Masoni, Andrew Mills, Kirsten Donovan, Emelia Organizations: Barclays, Qatar, Reuters, Qatar Investment Authority, Qatar Holding, Thomson Locations: Qatar, Germany, London, Milan, Doha

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