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☆ Trump and Republicans raked in record cash after he became a convicted felon
▼ + stars: | 2024-05-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump raked in record cash after he became a convicted felon, a sign of how his legal troubles resonate with his most loyal followers. Trump's campaign did not define what small donors mean, but it typically refers to Americans who donate $200 or less. It's not a surprise that the day provided a major boost to Trump's fundraising. Last month, Trump and Republicans outraised President Joe Biden and Democrats. Senate Republicans' campaign arm said it had its biggest fundraising day of the cycle, raising $360,000 online.

Persons: —, Donald Trump, Trump's, Stormy Daniels, Joe Biden, Biden, Trump, Donald Trump's, It's, Karl Rove, let's, Rove Organizations: Service, Business, Politico, Trump, Republicans outraised, Biden, Senate Republicans, Republicans, Fox News Locations: Manhattan, Trump

☆ Opinion: Trump verdict is a pyrrhic victory for Democrats
▼ + stars: | 2024-05-30 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +14 min

CNN —CNN Opinion asked our contributors to weigh in on Trump’s conviction on 34 counts of falsifying business records. Are there really that many voters whose view of Trump as a man, or politician, could be altered by bookkeeping irregularities? How many would-be Trump voters will be swayed against him because of miscategorized business expenses? Instead of validating Trump’s narcissism, Democrats should turn the camera away from Trump and toward the American people. Democrats should make the case that Trump’s policies would decimate the middle class and that ought to be a (metaphorical) crime.

Persons: Patrick Brown, Patrick T, Brown, —, Trump, Attorney Alvin Bragg, ”, Biden, Robert De Niro, Stacy Schneider, Rikers Stacy Schneider, Juan Merchan, Donald Trump, I’ve, Trump’s, There’s, ” Timothy C, Tim Parlatore Tim Parlatore, Michael Cohen’s, Karen McDougal, Daniels, today’s, Timothy C, Paul Begala, ’, Roe, Wade, kowtowing, Vladimir Putin, Bill Clinton’s, Clinton, Jennifer Rodgers, Judge Juan Merchan, Prosecutors, Donald Trump’s, Merchan, Will, it’s, they’d, he’d, “, Joey Jackson, Donald, Michael Cohen, Cohen, Cohen’s Organizations: CNN, Progressives, Trump, haven’t, Attorney, Republicans, Public Policy Center, Economic, Parlatore Law, LLP, Navy, Paul Begala CNN, Social Security, Democratic, Manhattan, NYU School of Law, Columbia Law School, Republican Party, GOP, Team Trump Locations: Manhattan, Washington , DC, New York, Trump, Russian

☆ Is Gaza your top issue? Here's a guide to each 2024 candidate's stance.
▼ + stars: | 2024-05-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Read previewIsrael's ongoing war in Gaza — and President Joe Biden's continued support for it — has become a major issue in the 2024 election. After Hamas killed more than 1,200 people in its October 7 attack, Israel launched a counteroffensive aimed at eliminating the group. Here's a guide to where President Joe Biden and former President Donald Trump stand on Israel — and why some are threatening to stay home or cast protest votes in November. I mean, moving shots of bombs being dropped into buildings in Gaza… it's a very bad picture for the world." For these voters — some of whom may have even had family members killed in Gaza — they argue that the war outweighs all other considerations.

Persons: —, Joe Biden's, That's, Joe Biden, Donald Trump, Israel —, Biden, he's, Nathan Howard, Israel Trump, Israel, Israel Hayom, Trump, Benjamin Netanyahu, Doug Mills, Syria —, we're, Biden's, it's, Abdullah Hammoud, Jill Stein, Cornel West Organizations: Service, Business, UN, United Nations Relief, Works Agency, GOP, Israeli, Washington Post, Muslim, Democratic, Biden, Trump, Green Party Locations: Gaza, Israel, Rafah, Tel Aviv, Jerusalem, Syria, Biden's Israel, Dearborn, Michigan

☆ 22-year-old turned Roblox side hustle into a business bringing in over $100,000 a year
▼ + stars: | 2024-05-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Kyasia Watson made 2 cents the first time she sold clothes on Roblox, the online metaverse gaming platform — now, that same side hustle earns her over $100,000 a year. Watson, 22, began playing Roblox games in 2011 when she was 8 years old after seeing an ad for it on Google. At its core, Roblox is an app where you can play games designed by other users or create your own games, virtual experiences, avatar clothing and more through Roblox Studio. Unimpressed with the limited clothing catalog offered for Roblox avatars, Watson taught herself how to create digital fashion designs in Photoshop. On Roblox, clothing and accessories can sell for as little as 2 Robux to as much as 2 million.

Persons: Kyasia Watson, Watson, Roblox, I'd, Watson's Organizations: CNBC, Google, Roblox Locations: AskMakeIt@cnbc.com, Connecticut, Robux

☆ How they'll decide: Read the jury instructions for the historic Trump hush-money trial
▼ + stars: | 2024-05-29 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Jabin Botsford-Pool/Getty ImagesFalsifying business records in the first degreeThe standard jury charge for falsifying business records in the first degree. NYCourts.govProsecutors say Trump caused 34 business records to be falsified as part of an illegal conspiracy to influence the 2016 election. Merchan read to jurors from the standard jury charge for felony falsifying business records. Read the judge's "jury charge" here. To convict, jurors must find that Trump falsified business records to conceal an attempt to violate 17-152.

Persons: —, Donald Trump's, intently, Juan Merchan, Trump, Donald Trump, Todd Blanche, Emil Bove, Jabin, reimbursements, Trump's, Michael Cohen, Cohen, Daniels, Merchan, Jane Rosenberg, Donald Trump , Jr Organizations: Service, Business, Trump, Getty, NYCourts.gov Prosecutors, REUTERS, New Locations: New, New York, York

☆ Stock market today: Indexes slide as rising bond yields pressure stocks
▼ + stars: | 2024-05-29 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks slipped on Wednesday as traders watched the rise in US Treasury yields. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks dipped on Wednesday — with the Nasdaq falling from a record — as investors watched bond yields move higher for a second day this week, with the 10-year Treasury continuing to climb above 4.5%. US bond yields are hovering around the highest level in about four weeks following a weak government bond auction Tuesday, as well as waning rate-cut hopes amid the latest inflation data.

Persons: Stocks, —, Carol Schleif Organizations: Treasury, Marathon Oil, ConocoPhillips, Service, Nasdaq, Federal Reserve, BMO Family Office, American Airlines Locations: PCE, Here's

☆ Target has around 75 Pride items in its collection right now. That's over 2,000 fewer than last year.
▼ + stars: | 2024-05-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Target has slashed its annual Pride collection after the retailer faced protests last summer. AdvertisementTarget's annual Pride collection is a shadow of its former self after the retailer faced protests from conservative groups last summer. Target's online Pride collection on May 28. For now, what previously had been the location of a front-of-store Pride display was instead occupied by a summer "Swim and Sand Shop." AdvertisementA Pride month display at a Target in Wisconsin last year.

Persons: it's, —, Target's, Dominick Reuter, Brian Cornell, we're, Brand Marketing Carlos Saavedra Organizations: Service, Business, Target, Brand Marketing Locations: Pride, California , New York, Wisconsin, Madison , Wisconsin

☆ An influx of new residents to GOP-leaning Montana could be the key voting bloc that decides the state's hotly-contested Senate race
▼ + stars: | 2024-05-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

With former President Donald Trump highly likely to win Montana in November, many Republicans believe he'll be able to aid down-ballot candidates like Sheehy. AdvertisementTester, a moderate Democrat, has established a political brand that has defied the state's GOP orientation for nearly 20 years. Greg Gianforte, the Montana legislature passed housing and land-use reform bills that overhauled the construction process — and now permit more housing density. The issue is sure to be a major issue for Tester — as well as the eventual GOP Senate nominee — for a state in transition. National Republicans see Montana as one of their best opportunities to win a "red" seat, especially as many transplants left Democratic-dominated coastal states for a more rustic environment.

Persons: —, Jon Tester, Tim Sheehy, Donald Trump, he'll, Sheehy, it's, Greg Gianforte, Tester Organizations: Service, Senate, GOP, Business, Montana, The New York Times, Census Bureau, GOP Gov, eventual, National Republicans, Democratic, Democrats, Republicans Locations: Montana, California , Oregon, Washington, Bozeman, RVs

☆ Opinion | Will Roy Cohn Save Donald Trump’s Hide One Last Time?
▼ + stars: | 2024-05-28 | by ( Kai Bird | ) www.nytimes.com time to read: +2 min

But it was in another courthouse just down the street that Mr. Trump’s wily mentor, Roy Cohn, pulled off one of his greatest legal feats. It was Mr. Cohn who taught Mr. Trump how to manipulate the law, and other people, to his advantage. Mr. Trump always admired Mr. Cohn’s bravado and belligerence; Mr. Cohn’s whole worldview seemed to validate the young developer’s crassest instincts. “If you need somebody to get vicious,” Mr. Trump once said, “hire Roy Cohn.” His legal strategy boiled down to: Delay and deny. Mr. Trump’s lawyers have aggressively sought every delay possible and called for mistrials or new judges on a regular basis.

Persons: Donald Trump, Trump’s, Roy Cohn, Cohn, Trump, Cohn’s, Mr, ”, Don’t, —, Juan Merchan Organizations: Truth

☆ Both Sides Delivered Closing Arguments at Trump’s Trial
▼ + stars: | 2024-05-28 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

The main thrust of Blanche’s argument was that the prosecution’s key witness, Michael Cohen, could not be trusted. He portrayed Cohen, Trump’s former fixer, as a greedy liar bent on revenge and labeled him the “G.L.O.A.T.,” or the greatest liar of all time. Blanche’s calculus is simple: Cohen offered the prosecution’s most direct link between Trump and the alleged crime. So if the jury doesn’t believe him, they may have a hard time finding Trump guilty. “This scheme, cooked up by these men, at this time, could very well be what got President Trump elected,” he said.

Persons: Donald Trump, Yorkers, Todd Blanche, Trump, Michael Cohen, Cohen, Trump’s, doesn’t, Joshua Steinglass, ” Organizations: Trump, National Enquirer

☆ Opinion | Trump’s ‘Dystopian Deportation Scheme’
▼ + stars: | 2024-05-28 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Trump’s Taste for Tyranny Finds a Target,” by Jamelle Bouie (column, May 26):Thank you, Mr. Bouie, for warning us about Donald Trump’s dystopian deportation scheme. On top of the massive social chaos and moral strife this would cause can be added the economic cost. The impact to the deficit, the economy and inflation would be catastrophic. Voters concerned about today’s prices who are considering voting for Mr. Trump will look back and yearn for the current economy and inflation — as will we all. According to the Center for Migration Studies, about 45 percent of U.S. agricultural workers are undocumented immigrants.

Persons: Jamelle Bouie, Bouie, Donald Trump’s, Trump, Daniel Samakow Venice Organizations: Voters, Mr, Center for Migration Studies Locations: Calif, U.S

☆ Should Elon Musk be paid $56 billion? Tesla shareholders get to vote
▼ + stars: | 2024-05-27 | by ( David Ingram | ) www.cnbc.com time to read: +10 min

Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.

Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, —, Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, —, Los Angeles, Texas, New York City

☆ Opinion | Justices’ ‘Disturbing’ Ruling in South Carolina Gerrymandering Case
▼ + stars: | 2024-05-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “In Top Court, G.O.P. Prevails on Voting Map” (front page, May 24):The action of the conservative wing of the Supreme Court, anchoring the 6-to-3 decision to allow the South Carolina Legislature to go forward with redistricting plans that clearly marginalize African American representation in the state — and after a meticulous review by an appellate court to preclude the plan — is disturbing. The persistent erosion of voting rights and apparent denial that racism is still part of the fabric of American society are troubling. This particular ruling cries out for the need to expand court membership. Raymond ColemanPotomac, Md.

Persons: concocting, ”, Ozzie, Harriet ”, —, Raymond Coleman Potomac Organizations: South Carolina Legislature Locations: Md

☆ A homeless Iowa mom of 2 is struggling to find a landlord who will accept her housing voucher before it expires. The state is making it harder by allowing landlords to discriminate against her.
▼ + stars: | 2024-05-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

That deadline — July 11 — is imposed by the state housing authority and applies to Quinn's Section 8 housing choice voucher, which she's had for about 12 years. Iowa lets landlords refuse voucher holdersQuinn says she's contacted close to 30 landlords since March. Many have simply told her they don't accept housing vouchers. In 2021, the state passed a law barring cities and counties from protecting voucher holders from overt discrimination by landlords. A crucial but flawed benefitThe federal Housing Choice Voucher Program is the biggest — and most effective — American housing assistance program.

Persons: —, Stephanie Quinn, Quinn, she's, Charcot, Marie, Quinn doesn't, she'll, I'm, they've, Farley, I've Organizations: Service, Business, Facebook, Craigslist, Nationwide Locations: Farley , Iowa, Iowa, Washington, DC, Dubuque

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

☆ Opinion: Here’s how I, as an attorney, would try to persuade the Trump jury in closing arguments
▼ + stars: | 2024-05-27 | by ( Opinion Joey Jackson | ) edition.cnn.com time to read: +12 min

If the jury agrees, Trump would become a convicted felon, and could face up to four years in prison. But Trump’s defense attorneys will have much to say Tuesday about the evidence presented by prosecutors in an attempt to avoid that outcome. As to ledgers and invoices keeping track of these checks, Trump is the owner of the organization, not the bookkeeper or finance person. Cohen claims Trump was with the bodyguard at the time, and that he handed Trump the phone. The evidence shows that in order for checks to be issued to Cohen, Trump would have had to give his approval.

Persons: Joey Jackson, Donald, Joey Jackson Jeremy Freeman, Trump, District Attorney Alvin L, Bragg, ledgers, Michael Cohen, Stormy Daniels, he’d, Cohen, It’s, Daniels, reimbursing Cohen, Hope Hicks, Karen McDougal, McDougal, Keith Davidson, Davidson, I’ll, Cohen wasn’t, ” Organizations: CNN, Manhattan Supreme, District Attorney, Prosecutors, Trump, Department of Justice, Trump Organization, Playboy, White, FedEx, Twitter, Facebook Locations: United States

☆ 10 Smoking Guns in Trump Hush-Money Trial That Speak for Themselves
▼ + stars: | 2024-05-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +17 min

Manhattan district attorney's office/BIWhy is this evidence — our third smoking gun — so important? AdvertisementEvidence People's 35 in the Trump hush-money trial. Robert Costello, a key defense witness in the Donald Trump hush-money trial in New York. Manhattan district attorney's office/BI"Rudy was thrilled and said this could not be a better situation for the President or you. From People's 374 Manhattan district attorney's office/BICohen testified that immediately after these calls with Trump, he took the elevator down from his Trump Organization offices at Trump Tower.

Persons: —, Donald Trump, Michael Cohen, David Pecker, Stormy Daniels, Trump, Michael Cohen Alex Brandon, Eduardo Munoz, " Cohen, Cohen, Karen McDougal's, Karen McDougal, McDougal, Daniels, Trump's, Allen Weisselberg, Jonathan Ernst, Jon Elswick, MARK PETERSON, Todd Blanche, Mamaroneck , New York —, Madeleine Westerhout, Westerhout, Cohen —, Weisselberg, Robert Costello, Jane Rosenberg, Rudy Giuliani, Costello, Bob Costello, Rudy, Jay Sekelow, Giuliani, It's Trump, Timothy A, Clary, Donald, he's, — Trump, reimbursing Cohen, Pecker —, Pecker, — that's, Cohen's, Melissa Duran, Duran, Susan Hoffinger Organizations: Service, Business, Reuters, Trump, Prosecutors, National Enquirer, Trump Org, Manhattan Criminal, Getty, Defense, White House, —, Read, Wall Street Journal, FBI, Giuliani, CQ, Cohen's, AMI, Department of Justice, Federal, First Republic Bank, Trump Organization Locations: Manhattan, Trump, New York City, Mamaroneck , New York, Republic, New York, United States

☆ Opinion | Do Not Allow Putin to Capture Another Pawn in Europe
▼ + stars: | 2024-05-26 | by ( Serge Schmemann | ) www.nytimes.com time to read: +2 min

The law has drawn stiff rebukes from the United States and Europe. The State Department has announced visa restrictions on officials behind the foreign-agent law and Congress has threatened further sanctions. The clash over the foreign-agent law in a small country nestled in the Caucasus Mountains has been largely overshadowed by Russia’s war on Ukraine. Georgia, in fact, was the first neighboring country invaded by Russia post-Soviet Union, in 2008, to block its westward drift. Now the ruling party, Georgian Dream, seems to share Russia’s goal, though it has generally avoided openly siding with Russia.

Persons: Vladimir Putin’s, oligarch Bidzina Ivanishvili —, Russia —, Ivanishvili Organizations: Russian, The State Department, European Union Locations: Republic of Georgia, Vladimir Putin’s Russia, United States, Europe, Ukraine, Georgia, Russia, Soviet Union, Georgian, Tbilisi, ”

☆ Living on $25,000: ALICEs who live paycheck to paycheck explain how they scrape together enough food to get by
▼ + stars: | 2024-05-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

However, this criteria leaves low-income households who don't qualify relying on thinly stretched grocery budgets, food pantries, or employer meal discounts. Many ALICEs worry their family will go hungry, but they're running out of options to put food on the table. AdvertisementKelley also said she doesn't live near many food pantries and has to drive long distances to reach a grocery store or Walmart. AdvertisementDo you live paycheck to paycheck? Are you open to sharing how you afford food, housing, and other expenses?

Persons: —, Cherie Tobias, Tobias, She's, ALICE —, she's, ALICE, Melinda Binkley, Binkley, Lisa Kelley, Kelley, Melissa Hedden, Hedden, it's, isn't Organizations: Service, Business, SNAP, Cincinnati, Walmart, BI Locations: Applebee's, Hastings , Michigan, Stillwater , Minnesota, Wilmington , North Carolina

☆ I was a millionaire by the age of 30. As preteens, my kids learned how to use debit cards, and I taught them how to save money.
▼ + stars: | 2024-05-25 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

While we were building our businesses, we were also building our family: our kids are now 20, 19, 16, and 12. Related storiesI think of it as more of a salary approach to allowance than paying kids for specific chores. I taught the three uses of moneyOne of my most frequent dad-isms is about the three uses of money: giving, saving, and spending. I relate money to the real worldMoney can be very abstract, so I've always tried to tie it into my kids' daily actions. We opened bank accounts when the kids were 5, and got them debit cards when they were preteens.

Persons: David Ciccarelli, Stephanie, we'd, I've, I'm Organizations: Service, Disney Locations: voices.com, New York City, Tesla

☆ Netflix shows about stalkers like ‘Baby Reindeer’ and ‘You’ are capturing audiences, but awareness of the crime is still low
▼ + stars: | 2024-05-24 | by ( Sydney Bishop | ) edition.cnn.com time to read: +14 min

In “Baby Reindeer,” Gadd’s stalker is portrayed as unattractive and mentally ill — someone whom her victim actually feels sorry for. “Baby Reindeer,” rated TV-MA by Netflix for “language, nudity, sex, sexual violence, substances,” only has a viewer discretionary warning before “Episode 4” wherein Gadd’s character is sexually assaulted. Information is also available on sexual assault, sexual violence and relationship abuse. Neither Netflix nor the “You” and “Baby Reindeer” teams responded to CNN’s requests for comment. Fleitman hopes “Baby Reindeer” can raise awareness for stalking victims, like men and so-called “imperfect victims” whose stories may not look like the ones we’re used to seeing.

Persons: Richard Gadd, Donny, Martha, Joe Goldberg, Dr, Lorraine Sheridan, don’t, ” Sheridan, “ I’ve, ” Gadd, “ I’m, Donny Dunn, Gadd, Edward, ” Emilio Estevez’s, Andie MacDowell’s, Penn Badgley, Joe, Goldberg, Sheridan, Stalkers, stalkers, we’ve, ”, Dana Fleitman, Anna Nasset, ” Nasset, “, aren’t, they’re, ” Fleitman, Fleitman, Edward Cullen, Robert Pattinson, Kristen Stewart, Bella, “ we’re, —, Nasset, femicides, weren’t, Dana, Resouces, Alice Ruggles Organizations: CNN, Hollywood, Netflix, Resource Center, Resources, SPARC, for Disease Control, US Department of Justice, National, HOPE VictimConnect, National Center for Locations: “ St, Elmo’s, California, Edinburgh, Scotland

☆ FDIC did not report allegations of senior officials' misconduct 'in a timely manner,' watchdog says
▼ + stars: | 2024-05-24 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +3 min

The Federal Deposit Insurance Corp. failed to report allegations of senior officials' misconduct in a timely manner, according to a new memo from the agency's internal watchdog. The Office of Inspector General "learned of several allegations of misconduct regarding senior FDIC officials that were not reported to the OIG in a timely manner," said the letter, dated Thursday. "The OIG is now reviewing these allegations to determine how they should be incorporated into OIG work plans." A scathing independent report published in April found a widespread culture of harassment and discrimination at the FDIC, citing allegations from more than 500 FDIC employees. "The FDIC has failed to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct," the report concluded.

Persons: Martin Gruenberg, Jennifer Fain, Gruenberg, General, Fain, Gruenberg —, Joe Biden, —, Republican Travis Hill, Biden Organizations: Federal Deposit Insurance Corporation, Financial, Federal Deposit Insurance Corp, FDIC, FDIC's, Republican, GOP, Financial Services, White Locations: Washington , DC

☆ I was fired from my accounting job and had to give up my apartment and sleep on my friend's floor. Now, I make $500,000 a year as a YouTuber.
▼ + stars: | 2024-05-24 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

I run the YouTube entertainment news channel Funky Dineva, but I started my career as an accountant after graduating in 2005 with an economics degree. I have a creative personality, and I found the routine and confinement of accounting to be painful and unbearable. AdvertisementI had a YouTube channel that I decided to start taking seriouslyI decided that moving forward, I would do what's authentic to me: entertainment. I launched my YouTube channel in December 2010 but didn't start treating it like a job until I was out of accounting. I interviewed members of the cast backstage, and the content was used as digital assets for the brand on its website.

Persons: —, Quentin Latham, I'm, Mona Scott Young, I've Organizations: Service, Business, YouTube, Montgomery Riverfront, Kanye, VH1, Atlanta, College, Google Locations: Miami

☆ My son decided to go to a college across the country. I'm already dreading my empty nest, but it's time to let him go.
▼ + stars: | 2024-05-24 | by ( Erika Ebsworth-Goold | ) www.businessinsider.com time to read: +4 min

AdvertisementI'll soon have an empty nest, with my bird nearly 2,000 miles away, and I'm already dreading it. He decided to go to college far from homeHis father and I are incredibly proud of him and know he's ready for this next big step. He's ready to be close to the ocean, meet new friends, and dive headfirst into his film studies. While our son is raring to go and ready to meet the world on his own terms, I'm not sure I'm ready for him to be thousands of miles away. In the meantime, get ready world.

Persons: He'll, whittle, I'm, raring Organizations: Service, Business, Grand Central Locations: East Coast, California, Los Angeles

☆ Bhutan turns to 'Gross National Happiness 2.0' as crisis deepens
▼ + stars: | 2024-05-24 | by ( Monica Pitrelli | Penny Sadler | ) www.cnbc.com time to read: +2 min

Bhutan's governing philosophy of "Gross National Happiness" has been heralded the world over for balancing economic growth with the well-being of its citizens. But recent discussions of "Gross National Happiness 2.0" by its newly elected Prime Minister Tshering Tobgay suggest that change on some level is underway as the country struggles with an economic crisis that's left it — as Tobgay has said— "teetering on the brink of collapse." But with youth unemployment rates of nearly 30% and about one in eight people living in poverty, has Bhutan reached a point where its quest for national happiness must change? Seen from the successes of the social progress area, we have failed economically." But seen from the successes of the social progress area, we have failed economically."

Persons: Tshering Tobgay, Tobgay, Jigme Singye Wangchuck, we've, We've Organizations: CNBC Locations: Bhutan, Asia

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