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In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.
Persons: , Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London
Read previewThe US economy may be going strong, but the commercial property market is still in trouble. AdvertisementA $2.2 trillion mountain of commercial real estate debt is expected to mature by 2027, bringing a wave of potential distress as landlords refinance buildings at much higher rates. According to McDonald, the trillions in real estate debt barreling toward maturity, along with a $1.9 trillion pile of corporate debt, will force the Fed to cut rates this year. "Covid changed how people work [...] and then interest rates ran up very rapidly. Lower interest rates will save some buildings, some property owners, but not a majority of them.
Persons: , Larry McDonald, McDonald, Don Peebles, Peebles, Covid Organizations: Service, Business, Fox Business, Washington D.C, Peebles Corporation Locations: Washington, New York City
Fayaz Aziz | ReutersIran's recent missile and drone strikes on targets in three countries — Syria, Iraq and Pakistan — may not have been directly related to Israel's war in the Gaza Strip but they still revealed an intent to send a clear message, analysts told CNBC. Iraqi and Pakistani ministers vocally criticized the attacks, calling them a "violation" and vowing consequences. watch nowPakistan responded a day later, striking targets inside Iran that Iranian authorities say killed several people. They were also the first time Iran had deployed its military directly at any time since the Israel-Hamas war began. "There is an element of signaling to the United States and Israel by carrying out these strikes because they do showcase Iran's continued ballistic missile capabilities," Bohl told CNBC.
Persons: Fayaz Aziz, Ben Taleblu, we've, Ian Bremmer, Yemen's, Ryan Bohl, Bohl, Safin Hamid Organizations: Reuters, CNBC, ISIS, Foundation for Defense, Democracies, Washington D.C, Israel, Gaza, Hamas, Eurasia Group, Economic, Middle East, RANE Network, Iran's Revolutionary Guard Corps, AFP, Getty Locations: Iran, Tehran, Israel, Peshawar, Pakistan, Syria, Iraq, Gaza, Washington, Israeli, Iraq's Kurdistan, State, Iraqi, Davos, Lebanon, Hamas, Yemen, U.S, Red, United States, Kurdistan, Arbil
Storms have walloped the Pacific Northwest, Midwest, Plains, South and Northeast with low temperatures, heavy snow, ice storms, freezing rain and high winds for the past two weeks. Tina Kotek on Thursday declared a statewide emergency following deadly ice storms. Trees and power lines already coated with ice could topple if they get more, the National Weather Service warned. “Stay safe out there over the next several days as our region tries to thaw out,” the weather service said. The National Weather Service said there could be a thaw next week, when the forecast calls for above-average temperatures across almost the whole country.
Persons: Bob Johnson, ” Johnson, Doug McGowen, Joe Biden, Tina Kotek, Jonathan Mattise, Kristin M, Claire Rush, Carolyn Thompson, Jeffrey Collins, Colleen Long Organizations: Midwest, D.C, National Weather Service, Tennessee, Sheriff’s, Memphis, Water, Blood Assurance, The West Virginia Legislature, Capitol, Washington D.C, U.S . Capitol, White House, U.S . Conference of Mayors, Buffalo Bills, Kansas City Chiefs, Michigan, West Coast , Oregon Gov, Associated Press, Hall Locations: MEMPHIS, Tenn, Memphis, U.S, Canada, New York City, Baltimore, Washington, Pacific Northwest, Midwest, Plains, South, Arkansas , Mississippi , Missouri , Tennessee , Kentucky, Kansas, Lewisburg, Marshall, Memphis , Tennessee, Chattanooga , Tennessee, West Virginia, The, In Buffalo , New York, Michigan City , Indiana, West Coast , Oregon, Columbia, Willamette Valley, Nashville , Tennessee, Portland , Oregon, Buffalo , New York, Columbia , South Carolina
New York CNN —In America, traveling through red lights on right turns has become a rule of the road. States introduced it as a gas-savings measure: The theory was that it would reduce idling at red lights. Right-on-red was a gas-savings tool during the 1970s oil crisis. There has been little national research in recent years on the effect of right-on-red turns on pedestrian safety. Banning right on red is not a “panacea for pedestrian safety problems,” Dumbaugh said, but could help prevent pedestrian and car accidents in busy intersections.
Persons: Woody Allen, Hall ”, he’d, Marty Lederhandler, Hyoung Chang, , Eric Dumbaugh, Jason Dozier, Bill Clark, RTOR, Banning, ” Dumbaugh, that’s, don’t Organizations: New, New York CNN —, AP, New York City —, Washington D.C, MediaNews, Denver Post, Florida Atlantic University, Atlanta City, Nationwide, Governors Highway Safety Association, Getty, Research, Atlanta, Republican, Locations: New York, America, California, Los Angeles, United States, New York City, Connecticut, Atlanta, Denver, Indianapolis, Raleigh, Washington, San Francisco, Indiana
JetBlue Airways told staff this week that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to buy Spirit Airlines . The airline is instead focusing on leisure routes, adding service throughout the Caribbean and to Paris, the memo said. "We constantly adjust our network to support our strategy and these recent changes are a necessary quick step to help return our business to profitability," JetBlue said. "All the routes included have recently underperformed our expectations and these changes come as post-COVID travel patterns continue to evolve." JetBlue ranked 9th in on-time arrivals among U.S. airlines in the first 10 months of 2023, according to the Transportation Department.
Persons: John F, Dave Jehn, Jehn, William Young's Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Kennedy, CNBC, Washington International Thurgood Marshall Airport, Washington D.C, Transportation Department, CNBC PRO Locations: New, Portland , Oregon, San Jose , California, Westchester , New York, New York, Ponce , Puerto Rico, Milwaukee , Wisconsin, Caribbean, Paris, Baltimore, Washington
UK's Cameron to travel to Washington on Dec. 6
  + stars: | 2023-12-03 | by ( ) www.reuters.com   time to read: +1 min
British Foreign Secretary David Cameron looks on during a NATO foreign ministers meeting at the Alliance's headquarters in Brussels, Belgium November 28, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 3 (Reuters) - British Foreign Secretary David Cameron will travel to Washington D.C. on Wednesday, Dec. 6, the UK's Foreign, Commonwealth & Development Office (FCDO) said on Sunday in his first visit to the U.S. since taking up the position last month. Cameron will undertake a programme of bilateral meetings with U.S. Secretary of State Antony Blinken, as well as meet Republican and Democratic members of Congress, the FCDO statement said. Cameron, a former British prime minister, will take part in discussions with his U.S. counterparts with a focus on supporting Ukraine in its fight against Russian aggression, the statement said. Reporting by Nilutpal Timsina in Bengaluru; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: David Cameron, Yves Herman, Cameron, Antony Blinken, Nilutpal, Sharon Singleton Organizations: British, NATO, REUTERS, Washington D.C, Foreign, Commonwealth & Development, U.S, Republican, Democratic, Thomson Locations: Brussels, Belgium, Washington, British, Ukraine, Bengaluru
Stephanie ArmourStephanie Armour is a senior special writer for health policy at The Wall Street Journal, where she covers such topics as the Covid-19 pandemic, the Affordable Care Act, Medicaid and Medicare, congressional health legislation, the opioid epidemic, and state health initiatives. A reporter for more than two decades, she has produced award-winning investigative projects on subjects including food safety, body brokering, and human trafficking. Stephanie also has written for Bloomberg and Bloomberg Businessweek, USA Today, The Des Moines Register, and The Daily Tribune in Ames, Iowa. Her journalism awards include a First Place Headliner Award from the Press Club of Atlantic City, a First Place Sigma Delta Chi Award from the Society of Professional Journalists and a First Place in Consumer Journalism Award from the National Press Club. She lives in Washington D.C. and has a degree in English from the University of Minnesota.
Persons: Stephanie Armour Stephanie Armour, Stephanie Organizations: Wall Street, Affordable, Bloomberg, Bloomberg Businessweek, USA, Des Moines Register, The Daily Tribune, Press, Sigma Delta Chi, Society of Professional Journalists, Consumer, National Press, Washington D.C, University of Minnesota Locations: Ames , Iowa, Atlantic City, Washington
In 1994, he became the first Black chef to win the James Beard Foundation's Best Chef Award. The famed chef touched on his ideology during a 1994 interview shared on YouTube by the African American Chefs Hall of Fame. Patrick's remarks weren't a knock against Black American cuisine. Instead, it was an unapologetic declaration that Black chefs can't — and won't — be pigeonholed. Black chefs at that time were fighting stereotypes that they could only excel at making soul food.
Persons: Patrick Clark's, James Beard Foundation's, Patrick, , Patrick Clark, collard, weren't, Netflix Patrick, Preston, reminisced, Stephen Satterfield, Melvin, Idella Clark, Patrick's, Michel Guerard, Michel Guérard, Guérard, Gregory Hines, Ron Galella, Keith McNally, Odeon's, Bill Clinton, Brooks Kraft, Hilary Clinton, Hay, Patrick cinched, James Beard, Danielle Reed Rivera, WaPo Organizations: Service, YouTube, African American Chefs Hall of Fame, Adams, Black, Netflix, African American Chefs Hall, Fame's, New York City Technical College —, Great Britain's Bournemouth Technical College, New York Times, Time, American Chefs Hall, Fame, Odeon, Cafe, Metro, White, Getty, White House, Washington Post, James, Columbia, Presbyterian Medical Center Locations: Hay, Washington , DC, New York City, Europe, Brooklyn , New York, New York, Great, Braganza, London, France, AFP, Britain, Cafe Luxembourg, Beverly Hills, Washington, East Coast, DC
CNN —John Travolta says a near-death experience he had while piloting a plane in 1992 inspired him to take on his role in the new Disney+ short film “The Shepherd.”“The Shepherd” tells the story of a young pilot attempting to land safely after experiencing electrical failure mid-air. The premise is eerily similar to what Travolta, a licensed pilot, said he experienced back in 1992. “I knew what it felt like to absolutely think you’re going to die,” he said. And I thought it was over.”He ultimately made a safe landing “as if by a miracle,” he said. It’s why Travolta was drawn to “The Shepherd,” which is based on Frederick Forsyth’s 1975 book of the same.
Persons: CNN — John Travolta, Shepherd, ” “, Travolta, , , It’s, Frederick Forsyth’s, Ben Radcliffe, Radcliffe “ Organizations: CNN, Disney, Variety, Washington D.C Locations: London
"A lot of times, people try to hide in the herd, and we try to fit in, and I think that's the worst advice." Anne Mahlum started the boutique fitness chain Solidcore in 2013. Building empathy, maintaining disciplineMahlum's hard-charging approach may have helped her build a fitness empire, which now has more than 100 locations across the U.S. "When we had to do some of those layoffs [I didn't realize] I was taking away [former employees'] social life, their workout life, their friendships, not just their job," Mahlum says. A lifelong athlete, Mahlum says she decided to start Solidcore after being humbled by a L.A.-based Pilates class.
Persons: Anne Mahlum, , Mahlum, It's, Adams Morgan, who'd Organizations: CNBC Locations: U.S, Washington
Impossible is often just a starting point on a Christopher Nolan film and “Oppenheimer,”about the father of the atomic bomb, was no exception. She told them at the time that if there were ever a zombie apocalypse, they were the people she’d want to be with. “Every day there’s something that happens and you have to figure out a way out of it. It was the perfect claustrophobic, unglamourous and period-specific setting for a humiliating ordeal designed to make Oppenheimer feel small. When he glued it all together, it sounded perfect — but perfect felt wrong.
Persons: Christopher Nolan, “ Oppenheimer, , Gary Oldman, Harry S, Truman, Emma Thomas can’t, ” Thomas, Ruth De Jong, Hoyte van Hoytema, Jennifer Lame, Chris, Luisa Abel, Jaime Leigh McIntosh, , ” Abel, Nolan, ” McIntosh, Oppenheimer ”, Ellen Mirojnick, Mirojnick, Oppenheimer, De Jong, ” Nolan, van, van Hoytema, Lame, Emily Blunt, Ludwig Göransson’s, Oppenheimer’s, “ Oppenheimer ”, that’s, Serena McKinney, Andrew Jackson, Chris Nolan, Richard King, you’ve, King, ” Jackson, Göransson, ” it’s Organizations: Associated Press, Washington, Trinity Locations: Alamos, New Mexico, Los Angeles, Southern California, Dunkirk,
BAGHDAD, Nov 21 (Reuters) - U.S. forces were attacked at an airbase west of Baghdad early on Tuesday and a U.S. military aircraft responded in self-defence, U.S. officials said, in the first U.S. retaliation on Iraqi territory to dozens of recent militant drone and missile attacks. Ain al-Asad airbase was attacked by a close-range ballistic missile which resulted in eight injuries and minor damage to infrastructure, two U.S. officials said. The U.S. had so far limited its response to numerous recent attacks against its forces in Iraq and neighbouring Syria, claimed by Iran-aligned Iraqi militia groups, to three separate sets of strikes in Syria. U.S. and international forces that make up the global coalition to fight the remnants of Islamic State have been targeted more than 60 times in Iraq and Syria since Oct. 17, U.S. officials say. Dozens of U.S. servicemen suffered minor injuries in the attacks but have all returned to duty, U.S. officials say.
Persons: Asad, Timour Azhari, Phil Stewart, Ali Idrees, Andrew Heavens, Alexandra Hudson Organizations: U.S, Israel, Hamas, Washington, Hezbollah, Thomson Locations: BAGHDAD, Baghdad, U.S, Ain, Iranian, Iraq, Syria, Iran, Gaza, Israel, State, Washington
This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.
Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, , Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, , ” Rabin, ” Arafat, , Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah
Orkin released their 2023 list of rattiest cities in America. Each year the pest control company Orkin ranks America's rattiest cities based on the number of new rat treatments, including residential and public, it performed there over the year. Orkin was so excited by this back-to-back winner that they released limited edition T-shirts emblazoned with the title "Top Rattiest City Chicago 2023". "We may soon be moving farther down the 'rattiest' city list," Johnson said. We're way outnumbered," Janelle Iaccino, marketing director for Rose Pest Control in Chicago, told Block Club.
Persons: Orkin, , What's, Gerard Brown, Georgette Johnson, Johnson, Maiya, Amber Campbell, Brown, Robert Mecea, Leonardo Munoz, Janelle Iaccino Organizations: Service, City, Chicago, Chicago Los Angeles New, Chicago Los Angeles New York City Washington D.C, San Francisco Philadelphia Baltimore Denver Detroit, New, Washington DC, DC Health, Detroit, city's Department, Public, Denver Department of Public Health, Environment, Baruch, Block Club Chicago, WGN, Rose Pest, Block Locations: America, New York, United States, America's, Chicago Los, Chicago Los Angeles New York City, San Francisco, San Francisco Philadelphia Baltimore Denver Detroit Cleveland, Detroit, Denver, New York City, Cleveland, Los Angeles, Baltimore, Philadelphia, Chicago
Their departure leaves Zoo Atlanta as the only other US zoo to feature pandas from China. “Recently, the three pandas at Smithsonian’s National Zoo in Washington D.C. have returned to China. The Chinese leader did not offer additional details on where any future Chinese pandas might be sent, but suggested California would be the most likely destination. The San Diego Zoo returned its last two pandas to China in 2019, after the loan agreement concluded. It’s also the Chinese leader’s first trip to the US in more than six years.
Persons: Xi Jinping, ” Xi, , Xi, Joe Biden, Richard Nixon’s, Tian Tian, Mei Xiang, Xiao Qi Ji –, It’s, Biden Organizations: CNN, San Diego Zoo, Beijing –, Smithsonian National Zoo, Smithsonian National, Zoo, Asia Pacific Economic Cooperation Locations: China, United States, San Francisco, Beijing, Europe, Germany, Netherlands, Denmark, Finland, Qatar, Washington ,, Zoo Atlanta, Washington, California, Bali , Indonesia
General Secretary Xi Jinping opened the door to returning giant pandas to US zoos. Xi's comments come as all giant pandas at US zoos will soon be sent to China. Xi's comments came as lease agreements with US zoos are set to expire with no immediate replacement, meaning all giant pandas currently in the nation will soon return to China. The Atlanta Zoo is currently the only zoo in the US left with giant pandas. Advertisement"Recently, the three pandas at Smithsonian's National Zoo in Washington D.C. have returned to China.
Persons: Xi Jinping, Xi, Joe Biden, , Chinese Communist Party Xi Jinping, Xi's, Pat Nixon Organizations: Service, Chinese Communist Party Xi, Atlanta Zoo, Smithsonian National Zoo, Chinese Foreign Ministry, Washington Post, Biden Locations: China, Beijing, United States, Washington , DC, San Diego, Memphis, Washington
U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker was not arrested and convicted on charges of treason, contrary to an article circulating on social media making this claim. The claim is “categorically false,” a U.S. State Department spokesperson said to Reuters in an email on Nov. 14. Real Raw News, the Army JAG and the U.S. Department of State did not immediately respond to Reuters’ requests for comment. Pritzker was not convicted of treason. This article was produced by the Reuters Fact Check team.
Persons: Penny Pritzker, , , Janet Yellen, Letitia James, Pritzker, Read Organizations: Special, Real Raw News, “ JAG Convicts U.S, Raw, U.S, Treasury, New York, Corps, JAG Corps, U.S . Army, U.S . State Department, Reuters, Real Raw, Navy JAG, Ukraine’s Energy, German, Washington D.C, Army JAG, U.S . Department of State, Thomson Locations: United States, U.S, Ukrainian Embassy, Washington
The officials, speaking on condition of anonymity, said the Thomas Hudner, an Arleigh Burke-class destroyer, took down the drone early morning local time. The officials did not say whether the drone was armed or how close it came to the ship before being shot down. Last month, another U.S. warship intercepted four cruise missiles and 15 drones launched by the Iran-aligned Houthi movement from Yemen towards Israel. Last week, the Houthis shot down a U.S. military MQ-9 drone while it was in international airspace. The measures include increasing U.S. military patrols, restricting access to base facilities and boosting intelligence collection, including through drone and other surveillance operations, officials say.
Persons: Thomas Hudner, Arleigh Burke, Yemen's, Idrees Ali, Phil Stewart, Bill Berkrot Organizations: U.S . Navy, Reuters, United, U.S, Pentagon, Israel, Thomson Locations: Yemen, United States, Israel, Washington, Iran, U.S, Mandeb, Saudi, Syria, Iraq, Gaza
JUNEAU, Alaska (AP) — Alaska Republican Lt. Gov. Nancy Dahlstrom is joining the race for the state's only U.S. House seat, which is currently held by Democratic Rep. Mary Peltola, . Dahlstrom, who announced her campaign Tuesday, joins Republican Nick Begich III in seeking to challenge Peltola next year. Peltola won a special election and a regular election last year for the seat, becoming the first Alaska Native to serve in Congress. The seat had been held for 49 years by Republican Don Young, who died in March 2022.
Persons: Nancy Dahlstrom, Mary Peltola, Dahlstrom, Nick Begich III, Peltola, Republican Don Young, Begich, Sarah Palin, Mike Dunleavy, Joe Biden Organizations: Alaska Republican, Gov, Democratic Rep, Republican, Voters, Republican Gov, Washington Locations: JUNEAU, Alaska
Google CEO Sundar Pichai on Tuesday was summoned to federal court for the second time in two weeks to testify in an antitrust trial threatening to topple a pillar of an internet empire that he helped build. In his latest court appearance in San Francisco, Pichai spent more than two hours defending the business practices of the Google Play Store, which distributes apps for the company's Android software that powers most of the world's smartphones. Evidence submitted during Pichai's Tuesday testimony showed just how lucrative the Play Store has been for Google. During the first half of 2020, for instance, the Play Store generated an operating profit of $4.4 billion. “The way we designed Google Play is we do well only when developers do well,” Pichai said.
Persons: Sundar Pichai, Pichai, Department's, Lauren Moskowitz, District Judge James Donato, Donato, Moskowitz, Apple, , specter, ” Pichai Organizations: Google, Apple, Washington D.C, ., District, Samsung, Android, U.S, Supreme Locations: San Francisco, Washington, iPhones, U.S
An FDIC supervisor invited his staff to a strip club, according to a report from WSJ. The Journal interviewed over 100 current and former FDIC staff about the agency's culture. The Journal's report details instances where a supervisor invited staff to a strip club and male workers sent their female colleagues unsolicited nude pictures. In 2020, the organization's inspector general criticized the FDIC's investigations into sexual harassment, calling them "decentralized, untimely, incomplete, and inaccurate," the Journal reported. The FDIC demoted Nguyen after multiple workers told management that the supervisor had allegedly made homophobic and harassing comments to staff.
Persons: , they'd, Trevor McIntosh, McIntosh, he'd, Hien Nguyen, Nguyen, I've Organizations: FDIC, Service, Federal Deposit Insurance Corporation, Wall Street, Washington D.C, Anadolu Agency Locations: Washington
The settlement covered more than 100 women, led by a former ballet dancer known as Jane Doe 1, who said Epstein abused them. It followed embarrassing disclosures that JPMorgan ignored internal warnings and overlooked red flags about Epstein because he had been a valuable client. JPMorgan in September agreed to pay $75 million to settle related claims by the U.S. Virgin Islands, where Epstein owned two islands. Rakoff on Oct. 20 gave final approval to a similar $75 million settlement between Epstein's accusers and Deutsche Bank (DBKGn.DE), where Epstein banked after JPMorgan fired him. Epstein died in a Manhattan jail cell in 2019 at age 66 while awaiting trial on sex trafficking charges.
Persons: Morgan, Stephanie Keith, JPMorgan Chase's, Jeffrey Epstein, Jed Rakoff, Epstein, Rakoff, Jane Doe, Sarah Ransome, Ghislaine Maxwell, Epstein's, Luc Cohen, Daniel Wallis Organizations: REUTERS, JPMorgan, Washington D.C, U.S ., Deutsche Bank, US, Islands, Thomson Locations: New York City, U.S, Manhattan, Washington, U.S . Virgin Islands, Rakoff, New York
REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - The United States, for the second time in recent weeks, carried out strikes on Wednesday against a weapon storage facility in eastern Syria that the Pentagon said was used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups. As tensions soar over the Israel-Hamas conflict, U.S. and coalition troops have been attacked at least 40 times in Iraq and Syria by Iran-backed forces since the start of October. The United States has occasionally carried out retaliatory strikes against Iranian-backed forces in the region after they attack American forces. On Oct. 26, U.S. forces attacked two facilities used by the IRGC and groups its backs. The United States has sent warships and fighter aircraft to the region since the Israel-Hamas conflict erupted on Oct. 7, including two aircraft carriers, to try to deter Iran and Iran-backed groups.
Persons: Lloyd Austin, Ints, Austin, Idrees Ali, Chris Reese, Lisa Shumaker, Sandra Maler Organizations: Defense, REUTERS, Rights, Pentagon, Islamic Revolutionary Guard Corps, . Defense, U.S, United, Reuters, Thomson Locations: Riga, Latvia, United States, Syria, Israel, U.S, Iraq, Iran, State, East, Yemen
A jury will decide if Google Play has been illegally driving up prices for consumers and developers. Epic Games, the maker of the popular "Fortnite" video game, brought the case against Google. Google recently resolved a case being pursued by the owner of Tinder and other online dating services. AdvertisementAdvertisementThe case targeting Google's Play Store is being brought by Epic Games, the maker of the popular "Fortnite" video game, which largely lost in a similar 2021 trial focused on many of the same issues in Apple's iPhone app store. The terms of the resolution with the state attorneys general is expected to be revealed during Google's trial with Epic.
Persons: , District Judge James Donato, Sundar Pichai, Pichai, Google's, U.S . Justice Department's, Donato, Tim Sweeney skewered, Sweeney, Wilson White, White Organizations: Epic, Google, Service, U.S, District, Inc, Washington D.C, U.S ., Epic Games, Apple, Supreme, Android, Match Group Locations: San Francisco federal, Washington, U.S
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