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☆ Ivanka Trump was unhappy about how her friends 'turned their backs' on her during her father's administration, report says
▼ + stars: | 2022-11-18 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Ivanka Trump has distanced herself from her father's administration since he left office. Ivanka Trump is unhappy about having lost friends and just wants a "normal life," the Post reported. The report comes after Ivanka Trump was notably absent from her father's presidential campaign launch in Palm Beach, Florida, on Tuesday. Ivanka Trump and Kushner served as unpaid senior advisors to Trump during his administration. Ivanka has steadily distanced herself from her father's administration since he left office.

☆ U.S. Justice Dept. names war crimes expert as special counsel for Trump probes
▼ + stars: | 2022-11-18 | by ( Sarah N. Lynch | ) www.reuters.com time to read: +5 min

Trump called the special counsel appointment a "rigged deal." Biden did not respond to shouted questions from reporters about the special counsel during his only public appearance of the day. REUTERS/Evelyn Hockstein 1 2 3This marks the second time in five years that the Justice Department has appointed a special counsel to probe Trump's conduct. Smith is the Justice Department's third special counsel to be appointed since 2017 to handle a politically sensitive case. In 2019, Barr appointed John Durham as special counsel to investigate the origins of the FBI's probe into Trump's 2016 campaign.

☆ Ivanka skips Trump's 2024 announcement: 'I do not plan to be involved in politics'
▼ + stars: | 2022-11-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +2 min

WASHINGTON — Ivanka Trump, who was a senior White House adviser during the Trump administration, says she’s taking a break from politics. Former President Donald Trump's eldest daughter did not attend his speech Tuesday night at his Mar-a-Lago in Florida, where he announced his 2024 bid for the White House. It was not immediately clear whether her husband, Jared Kushner, who was also a senior White House adviser, would play a role in the campaign. Ivanka Trump, 41, was the director of the Office of Economic Initiatives and Entrepreneurship. Since they left government last year, both Kushner and Ivanka Trump have remained in the political spotlight to some extent.

☆ Morning Bid: Shot across the bow
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

The euro lost 1.5 cents as the news from Poland unfolded but has regained all of that since. European bourses have been less quick to rebound and remain in the red, with aerospace and defence stock outperforming. "Tighter money has not yet constrained business activity enough to seriously dent inflation," Bostic wrote on the Atlanta Fed's website. U.S. attention will turn to retail sales on Wednesday as October data is due for release alongside industry readings. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Ivanka Trump breaks silence after skipping father's presidential campaign announcement: 'I do not plan to be involved in politics'
▼ + stars: | 2022-11-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Ivanka Trump is distancing herself from politics after her father announced a 2024 presidential bid. "I do not plan to be involved in politics," Ivanka, who was an advisor during his first term, said. Ivanka has steadily distanced herself from her father's administration in the years since he left office. Earlier this month, sources familiar with her thinking told CNN Ivanka "would never" go back to being her father's senior adviser and was "done" with politics. Representatives for Donald Trump and a lawyer for Ivanka Trump did not immediately respond to Insider's requests for comment.

☆ Key House lawmaker calls collapse of crypto exchange FTX 'a dumpster fire' as Financial Services Committee investigates
▼ + stars: | 2022-11-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Ecosystem in limbo," Rep. Patrick McHenry, the top Republican of the House Financial Services Committee said at a hearing examining the safety of the U.S. financial system Wednesday. McHenry, who is the likely incoming chair of the committee if Republicans seize control of the House as expected, announced a bipartisan hearing on the FTX collapse along with current committee Chairwoman Maxine Waters, D-Calif., earlier Wednesday morning. Cryptocurrency lender BlockFi Inc. is reportedly weighing bankruptcy, telling investors it has "significant exposure" to the FTX failure. "And it's time for the regulators to update the rulebook to strengthen protections for consumers and investors as well as safeguards for our financial system and the risk of digital access ecosystem."

FTX's bankruptcy case includes more than 100,000 creditors, and this number could surpass 1 million, the filings said. The numbers were disclosed as FTX requested that multiple FTX group companies file one consolidated list of major creditors, rather than separate ones. REUTERS/Dado Ruvic/IllustrationCrypto lender BlockFi, which previously acknowledged it has significant exposure to FTX, plans to lay off workers while preparing to file for bankruptcy, the Wall Street Journal reported. Separately, bankrupt crypto lender Voyager Digital no longer plans to sell itself to FTX, Bloomberg reported, while Canadian crypto exchange Bitvo said it terminated its deal to be bought by FTX. I'm meeting in-person with regulators and working with the teams to do what we can for customers," he said on Twitter.

☆ Fed's Barr: Concerned about blowback to financial system from crypto
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +3 min

"That includes obviously crypto activity, but more broadly risks in parts of the financial system where we don't have good visibility, we don't have good transparency, we don't have good data. That can create risks that blow back to the financial system that we do regulate." Barr's remarks came in his first congressional testimony since becoming the Fed's top Wall Street cop over the summer and augmented his prepared comments to the committee that he was keeping a close eye for stresses in the financial system amid a weakening economy. Banks are not required to place other types of custody assets on their own balance sheets. "Wouldn't this impose a significant cost on banks if they are in fact obligated to put all of the ... crypto custody assets on their balance sheets," Toomey asked Barr.

☆ Fed's Barr: Concerned about non-bank risks, including crypto, that can 'blow back' on system
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

Nov 15 (Reuters) - Michael Barr, the Federal Reserve's top financial regulatory official, on Tuesday said he is concerned about risks from the nonbank sector, including cryptocurrencies, for which the U.S. central bank and other regulators have poor visibility. "We're concerned about the risks that we don't know about in the nonbank sector," Barr said in response to a question during an appearance before the Senate Banking Committee. "That includes obviously crypto activity, but more broadly risks in parts of the financial system where we don't have good visibility, we don't have good transparency, we don't have good data. That can create risks that blow back to the financial system that we do regulate." Reporting By Dan BurnsOur Standards: The Thomson Reuters Trust Principles.

☆ Fed’s Michael Barr Says Crypto Turmoil Highlights Potential Risks to Financial System
▼ + stars: | 2022-11-15 | by ( Andrew Ackerman | ) www.wsj.com time to read: 1 min

WASHINGTON—Tumult in the cryptocurrency market represents a red flag to the broader financial system, the Federal Reserve’s top banking regulator plans to tell lawmakers Tuesday, while pressing for tougher guardrails in the wake of the rapid collapse of crypto exchange FTX. Michael Barr , the Fed’s vice chairman for supervision, is expected to tell lawmakers that crypto-related activities need to be regulated in a manner similar to more traditional financial services providers, according to written remarks distributed ahead of Tuesday’s hearing before the Senate Banking Committee. While most crypto activities are occurring “outside of the ambit of banking regulation,” he said, that could change over time.

☆ Michael Cohen blasts ruling tossing his lawsuit alleging Trump weaponized the Justice Department to lock him up as he weighs appeal
▼ + stars: | 2022-11-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

A judge dismissed Michael Cohen's lawsuit against Donald Trump and the DOJ for locking him up. Cohen, once a fixer and personal lawyer for Trump, as well as an executive at the Trump Organization, has turned into a fiery Trump critic. "President Donald J. Trump will continue to fight for the truth and against innumerable falsehoods being perpetrated by his enemies." Cohen followed up the book in question, "Disloyal," in October with the book "Revenge: How Donald Trump Weaponized the US Department of Justice Against His Critics." Michael Cohen, former personal attorney for U.S. President Donald Trump, exits the Loews Regency hotel and walks toward a taxi cab, July 27, 2018 in New York City.

[1/3] Former U.S. President Donald Trump speaks outside a polling station during midterm election in Palm Beach, Florida, U.S. November 8, 2022. REUTERS/Ricardo ArduengoNEW YORK, Nov 14 (Reuters) - A U.S. judge on Monday dismissed a lawsuit by Donald Trump's former lawyer and fixer Michael Cohen accusing Trump, former Attorney General William Barr and others of abruptly returning him to prison in retaliation for writing a tell-all memoir. Authorities returned Cohen to prison amid a dispute over whether he could speak with the media about his forthcoming book while under home confinement. His book "Disloyal: A Memoir" topped the New York Times' hardcover nonfiction bestseller list in September 2020. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ The notable legal clouds that continue to hang over Donald Trump
▼ + stars: | 2022-11-15 | by ( Dan Berman | ) edition.cnn.com time to read: +17 min

CNN —All eyes are on former President Donald Trump, whose third White House bid has already become mired in controversy. The Justice Department investigation continues into whether documents from the Trump White House were illegally mishandled when they were brought to Mar-a-Lago in Florida after he left office. Any unauthorized retention or destruction of White House documents could violate a criminal law that prohibits the removal or destruction of official government records, legal experts told CNN. During the panel’s hearings this summer, fingers were pointed at GOP lawmakers and Trump allies who tried to help overturn the election and Trump White House officials who failed to stop the former president’s actions. Recently, DOJ moved to compel additional testimony from former White House counsel Pat Cipollone and deputy White House counsel Patrick Philbin.

☆ Fed boosts focus on liquidity, other risks as economy weakens: Barr
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

Nov 14 (Reuters) - Michael Barr, the Federal Reserve's top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. Last week Fed policymakers unanimously decided to raise their benchmark rate by 75 basis points to a range of 3.75%-4%. Barr used his speech to lay out a set of priorities for regulation that includes bank capital requirements, bank mergers, and cryptocurrencies. Crypto exchange FTX collapsed last week, sending shock waves through the industry and prompting calls for stiffer regulatory oversight. Reporting Ann Saphir and Lindsay Dunsmuir; Editing by Leslie Adler and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Stock futures rise after Wall Street suffers first decline in three sessions
▼ + stars: | 2022-11-14 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Stock futures were higher Monday evening after ending the day lower, snapping a two-day advance that started when a better-than-expected inflation report stoked hopes that the Federal Reserve would soon ease up on raising interest rates. S&P 500 futures and Nasdaq-100 futures gained 0.23% and 0.31%, respectively. Stocks whiplashed during the day Monday on comments from Federal Reserve leaders Lael Brainard and Chris Waller about rate hikes going forward. Markets will get more inflation information on Tuesday when the producer price index, a measure of wholesale inflation, is released. Investors will also study comments from Philadelphia Fed President Patrick Harker, Fed Governor Lisa Cook and Fed Vice Chair for Supervision Michael Barr.

The nature and nuance of that debate was highlighted in the past 48 hours by Fed heavyweights Governor Christopher Waller and Vice Chair Lael Brainard. Wall Street closed in the red on Monday - not surprising given the extent of the rally Thursday and Friday - but investors are likely to gravitate towards Brainard. This was effectively a warning to investors not to get too carried away, as they had done on Thursday and Friday. chartWaller's caution helped push Wall Street lower at the open on Monday. Japan's output is expected to slow sharply from the April-June period, while on balance China's numbers are expected to weaken from September.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Mark Zuckerberg's giant middle finger to Wall Street backfired for Meta. Welcome to the 'biggest two week pivot' analysts have ever seen.
▼ + stars: | 2022-11-09 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The move went stunningly wrong, crushing the shares of Facebook parent company Meta. What really surprised Wall Street were the other steps Zuckerberg is taking:Meta extended its hiring freeze through the first quarter of 2023. This one by Zuckerberg ranks at or near the top, with the analyst calling it "the biggest two week pivot we've ever seen." For Zuckerberg, Meta and even Silicon Valley, this is another sign that the eras of abundance and founder-friendly investing are ending. For Wall Street, this all came about two weeks too late.

☆ Rising Crime Rates Are a Policy Choice
▼ + stars: | 2022-10-27 | by ( William P. Barr | ) www.wsj.com time to read: +1 min

The violent crime surge was preventable. It was caused by progressive politicians reverting to the same reckless revolving-door policies that during the 1960s and ’70s produced the greatest tsunami of violent crime in American history. We reversed that earlier crime wave with the tough anticrime measures adopted during the Reagan-Bush era. Studies have repeatedly shown that most predatory crime is committed by a small, hard-core group of habitual offenders. They are a tiny fraction of the population—I estimate roughly 1%—but are responsible for between half and two-thirds of predatory violent crime.

As in Danchenko’s trial, Durham failed to convict Sussmann of making false statements to the FBI. And therein lies the reason underlying Durham’s losing trial record. On Monday, during Durham’s closing argument against Danchenko, the special prosecutor made a point of rebuking the FBI’s 2016 investigation. The Hartford Courant reported her concern about “pressure from Barr ... to produce results before the election.”Durham, however, stuck with Barr. And Barr’s energetic attempts after Jan. 6 to rehabilitate his image cannot erase his sad final legacy as a Trump enabler.

☆ Fact Check-Guillain-Barré syndrome, Bell’s palsy, acute flaccid myelitis and transverse myelitis are not polio ‘renamed’
▼ + stars: | 2022-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +9 min

Guillain-Barré syndrome, Bell’s palsy, acute flaccid myelitis and transverse myelitis are not polio “renamed”, despite claims posted online. It was NEVER eradicated, it's been renamed several times, Guillian Barre, Bells Palsy, Acute Flaccid Myelitis, Transverse Myelitis... Any neurological disorder has been renamed polio.”A similar post can be found here. Though primarily seen following an acute infection, GBS can also be a rare side effect of vaccination (here). Four medical syndromes with symptoms that can include muscle weakness and paralysis are not “polio renamed”, as claimed on social media. Poliovirus infection, while extremely rare, can lead to some of these syndromes, but the syndromes themselves also have other, more common causes and distinct symptoms.

WASHINGTON, Oct 18 (Reuters) - A Russian researcher who contributed explosive details to the "Steele dossier" that alleged ties between former President Donald Trump's campaign and Russia was acquitted on Tuesday on charges he lied to the FBI about the sources of his intelligence. "While we are disappointed in the outcome, we respect the jury’s decision and thank them for their service," Durham said in a statement. The decision marks the second defeat for Durham and his team of prosecutors. Earlier this year, a jury in Washington, D.C., acquitted Michael Sussmann, an attorney for Hillary Clinton's 2016 presidential campaign, of charges he lied to the FBI when he passed along a later discredited tip about possible communications between Trump's business and a Russian bank. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sarah N. Lynch; Editing by Scott Malone and Tim AhmannOur Standards: The Thomson Reuters Trust Principles.

☆ Arizona GOP gubernatorial candidate Kari Lake repeats claims about voter fraud as CNN's Dana Bash pushes back: 'There was no evidence of any of that'
▼ + stars: | 2022-10-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A Trump-back candidate in Arizona continues to push debunked claims about the 2020 election. CNN host Dana Bash pushed back when Kari Lake claimed there was "evidence" of a rigged election. Trump maintains the 2020 election was stolen, but his own ex-officials say there is no evidence. On CNN's "State of the Union" on Sunday, host Dana Bash pushed back as Lake insisted that there is "plenty of evidence" that the election was stolen. "You called the 2020 election corrupt, stolen, rotten and rigged.

Organizers with Stop TxDOT I-45 said expanding in the area would hurt the predominantly Black and Latino communities along the stretch. Kendra London joined Stop TxDOT I-45 three years ago when she learned of the state’s plans to expand the highway. Stop TxDOT I-45 and Allendale Strong are two of more than 70 groups across the country that comprise the Freeway Fighters Network, a coalition of groups advocating for the dismantling of harmful highways and urging city leaders not to expand highways or build new ones. “We hadn’t actually stopped building new highways that still harm communities, predominantly communities of color. “We should be thinking about long-term repair,” Hood said, highlighting the Black communities affected by the highway.

☆ Animal Prints in Interior Design: Awesome or Awful?
▼ + stars: | 2022-10-14 | by ( Sarah Karnasiewicz | Kathryn O Shea-Evans | ) www.wsj.com time to read: +1 min

DESIGN PROS’ PERSPECTIVES on animal prints are fiercely divergent. Opponents believe the motifs of zebra and cougar and cowhide hog all the attention in a room, like a miniskirt at a funeral, and as Alexis Barr, instructor at the New York School of Interior Design, said, “carry associations of drama and decadence.” Others believe the prints function as a neutral. Sarah Vaile, an interior designer in Chicago, holds that a critter-pelt pattern actually “falls away” in decor, adding, “The universe knew what it was doing when it made these patterns a camouflage.” Here, two design aficionados take sides. Animal prints bring timeless texture and joie de vivre to a space. The great 20th-century French designer Madeleine Castaing—remembered for befriending avant-garde artists like Jean Cocteau as well as for her affection for wall-to-wall leopard carpet—once summed up her approach to interiors thus: “Be audacious, but with taste.” Is it any wonder she was a devotee of animal prints?

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