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SEOUL, South Korea (AP) — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics. Lee had denied wrongdoing in the current case, describing the 2015 merger as “normal business activity.”Lee, 56, did not answer questions from reporters as left the court. Lee Jae-yong served 18 months in prison after being convicted in 2017 over separate bribery charges related to the 2015 deal. Some shareholders had opposed the 2015 merger, saying that it unfairly benefited the Lee family while hurting minority shareholders.

Persons: Lee Jae, Lee, ” Lee, Jin Kim, Lee Kun, Park, Yoon Suk, tycoons, Kim Tong, hyung Organizations: Samsung, Korea’s, Seoul Central, Cheil Industries, Samsung Electronics, Prosecutors, South, National Pension Service Locations: SEOUL, South Korea, Seoul, Ukraine

☆ The Fall of the Timepiece Gentleman, the Luxury Watch Dealer Who Ran Afoul of the Feds
▼ + stars: | 2024-02-04 | by ( David Kushner | ) www.businessinsider.com time to read: +29 min

Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.

Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, —, Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes

☆ House GOP skeptical Biden inquiry leads to impeachment as election draws near
▼ + stars: | 2024-02-02 | by ( Annie Grayer | Melanie Zanona | ) edition.cnn.com time to read: +11 min

Some of the ire has been directed at House Oversight Chairman James Comer, who has spearheaded the investigation into Biden family business records. “I don’t think it goes anywhere,” one Republican lawmaker said of the Biden impeachment inquiry. One senior GOP impeachment inquiry aide said it would be “a win too in our eyes” if the probe ended with legislative proposals to reform federal ethics laws, regardless of the decision on impeachment. House Judiciary Chairman Jim Jordan, who is co-leading the investigation, acknowledged a Biden impeachment is not a forgone conclusion. “Nobody is talking about that,” said GOP Rep. Dan Newhouse of Washington state, when asked for his thoughts on the Biden impeachment inquiry.

Persons: Joe Biden, Biden's, Hunter Biden, James, ahas, Scott Perry, Scott Perry of Pennsylvania, Biden, “, Nicole Malliotakis, ”, –, James Comer, Kevin McCarthy, Comer, we’ve, it’s, Alejandro Mayorkas, Jim Jordan, ” Jordan, Jason Smith, Biden – it’s, I’m, ” Comer, Comer’s, Steve Scalise, BIden’s, ” Scalise, Mike Kelly of Pennsylvania, David Schweikert, Mike Garcia of California, Dan Newhouse, David Valadao of, you’re, Hunter Biden’s, Hunter, Victoria Spartz, “ It’s, ” CNN’s Haley Talbot Organizations: Republicans, Democratic, GOP, Republican, New York, CNN, Homeland, Representatives, Committee, Biden, Washington, Victoria Locations: Scott Perry of, New, Jordan, Missouri, Arizona, David Valadao of California, Victoria Spartz of Indiana, House

☆ The NSA buys Americans’ internet data, newly released documents show
▼ + stars: | 2024-01-26 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Washington CNN —The National Security Agency has been buying Americans’ web browsing data from commercial data brokers without warrants, intelligence officials disclosed in documents made public by a US senator Thursday. The purchases involve what Nakasone described as netflow data, or the technical information generated by devices as they use the internet. Nakasone added that the NSA does not purchase cellphone location data of Americans or location data generated by automotive infotainment systems in the United States. “NSA purchases commercially available Netflow data for its cybersecurity mission, to include but not limited to inform the Agency’s collection, analysis, and dissemination of cyber threat intelligence,” an NSA official said. As part of Thursday’s announcement, Wyden wrote a letter to the Biden administration urging it to stop the warrantless surveillance of Americans through the purchases of internet data.

Persons: Oregon Democratic Sen, Ron Wyden, Biden, ”, Paul Nakasone, Wyden, Nakasone, “, Ronald Moultrie, Allison Nixon, ” Nixon, Timothy Haugh, ” Wyden, Avril Haines, Haines, Lina Khan, CNN’s Sean Lyngaas Organizations: Washington CNN, National Security Agency, Oregon Democratic, Pentagon, CNN, The New York Times, NSA, Defense Department, cyberattacks, Defense Intelligence Agency, Federal Trade Commission, InMarket Media, FTC Locations: Oregon, United States, U.S

Find the Chase Sapphire Lounge post-security in JFK's Terminal 4, open from 5 a.m. to 11 p.m. Read our Chase Sapphire Reserve credit card review and other best credit cards for airport lounge access. Access the Chase Sapphire Lounge JFKLocation and hoursThe Chase Sapphire Lounge by The Club with Etihad Airways is located in Terminal 4, post-security on the mezzanine level above Gate A2. Chase also operates Sapphire Lounges in Hong Kong, Boston and New York's LaGuardia, as well as a scaled-down Chase Sapphire Terrace in Austin. Our Chase Sapphire Lounge guide reviews these locations, lists future planned locations, and tells you how to get into each lounge for free.

Persons: Chase, —, John F, Angela Sun, Chris Dong Here's, cardholders, Sapphire Burger, Lamb, — Chase, Joe Coffee, LaGuardia, You'll Organizations: JFK's, Etihad Airways, JFK, Etihad, Chase Sapphire Reserve, Service, The Club, Kennedy International Airport, LaGuardia, JPMorgan Chase Art, Chase Sapphire, China Airlines, Delta Air Lines, Emirates, KLM, Singapore Airlines, Virgin Atlantic, American, Chase Chase, Sapphire, New York's LaGuardia, Chase, Passengers, romesco, New, TSA, FDIC Locations: JFK, New York, Abu Dhabi, Aeromexico, Air India, China, LATAM, U.S, Hong Kong, Boston, Austin, New York City

According to figures obtained by The Associated Press on Wednesday, Russian deposits held in Cypriot banks fell 76% from 2014 to 2022, while Ukrainian deposits shrank by 67%. The number of Russian clients using Cypriot banks dropped 82% in the same period, while Ukrainian clients fell by 54%. For years, Cyprus was known as an ask-few-questions jurisdiction whose banks welcomed money from wealthy depositors, despite their shady connections. “All this is now history for Cyprus … Mistakes have been made in the past and the first who paid for these mistakes were the Cyprus Republic and the Cypriot people themselves,” Christodoulides said. In 2022, more than 1,600 international companies registered in Cyprus – mostly in tech — including 47 multi-nationals.

Persons: Nikos Christodoulides, “, Christodoulides, ” Christodoulides, ”, Constantinos Letymbiotis, Letymbiotis Organizations: —, The Associated Press, Local, of, Union, Russia, U.S . Federal Bureau of Investigation, Department of Justice, AP Locations: NICOSIA, Cyprus, — Cyprus, Ukraine, Russian, Cyprus Republic, Russia

☆ Mr. Beast posts video to X, receives thousands
▼ + stars: | 2024-01-23 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

“MY FIRST X VIDEO MADE OVER $250,000!” MrBeast, whose real name is Jimmy Donaldson, said in a post on the platform. He also shared what appeared to be a screenshot of X’s creator payment screen, showing the post had earned $263,655. But last week, MrBeast decided to test the X ad revenue sharing program by posting one of his old videos, about trying out various expensive cars, to the platform. Following his payment from X, MrBeast said in a post on the platform that he planned to give away the money he earned to “10 random people that repost this and follow me” on X. Progressive media watchdog Media Matters, for example, reported in November that an X user who had praised Adolf Hitler had posted about receiving around $3,000 in payouts from X’s ad revenue sharing program.

Persons: Influencer MrBeast, MrBeast, Jimmy Donaldson, Elon Musk, —, ”, Musk, Logan Paul, Charli, Dan Bongino, he’d, Adolf Hitler Organizations: New, New York CNN, Meta, YouTube, ’, X, Progressive, Media Locations: New York

☆ Donald Trump Isn’t Funny Anymore - The New York Times
▼ + stars: | 2024-01-20 | by ( David Kamp | ) www.nytimes.com time to read: +1 min

The person of whom I speak is, of course, Donald Trump. So when I came across a fledgling satirical magazine, Spy, that articulated precisely what I was thinking, I was smitten. In its inaugural issue, Spy named Mr. Trump one of the “10 Most Embarrassing New Yorkers,” noting his tackiness, his shady tactics as a landlord and his “hustler-on-his-best-behavior manner.” Yes! I joined the staff full-time in 1989 and we continued to chronicle Mr. Trump’s offenses against taste and decency. We came up with a slew of epithets for him, including the one that stuck, “short-fingered vulgarian.” Then, as now, Mr. Trump was thin-skinned, and obsessed with his press coverage.

Persons: Donald Trump, Trump, Mike Wallace, ”, breathlessly, “, nickels, I’d revel, we’re, James Austin Johnson Organizations: dimes

☆ If You Can't Beat 'em, Impeach 'em
▼ + stars: | 2024-01-12 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

Republicans want President Joe Biden out of office. And they've taken the clashes to an unprecedented new level: If you can't beat 'em, impeach 'em. "Secretary Mayorkas has brazenly refused to enforce the laws passed by Congress that knowingly made our country less safe. But Justice did not prosecute three other Republicans – White House Chief of Staff Mark Meadows, former DOJ official Jeffrey Clark and former Trump Deputy Chief of Staff Dan Scavino – whom the panel referred for legal action. "They're struggling to come up with the votes to impeach President Biden.

Persons: Joe Biden, Hunter Biden, Biden, Tom Whalen, William Belknap, Ulysses S, Grant, Joshua Matz, Donald Trump, Matz, Kaplan Hecker, Fink, Alejandro Mayorkas –, Mayorkas, Mark Green of, nefariously, Hunter, Nancy Mace, Merrick Garland, James Comer of, Garland, ” Comer, Trump, Steve Bannon, Peter Navarro –, Republicans –, Mark Meadows, Jeffrey Clark, Staff Dan Scavino –, Lloyd Austin, Matt Rosendale, They're, Brad Woodhouse, They'll, Woodhouse, Whalen, Austin, John Kasich, Bill Clinton Organizations: Justice Department, GOP, Boston University, Fink LLP, Homeland, Congress, House Republicans, Republican, Democrat, Department, Republicans, Republicans – White, Trump, Staff, White, Montana Republican, Austin, House, Democratic, Congressional Locations: Washington ,, Mark Green of Tennessee, South Carolina, James Comer of Kentucky, Austin, Montana

☆ Here's what a bitcoin ETF actually means for investors
▼ + stars: | 2024-01-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

A false statement saying the regulator had approved a bitcoin ETF was published Tuesday on the SEC's social media account on X, formerly known as Twitter. CNBC runs through everything you need to know about the bitcoin ETF milestone. As crypto investors look to assess what the market impact of a bitcoin ETF might be, many are comparing Wednesday's news to the greenlighting of the SPDR Gold Shares ETF — the first-ever spot gold ETF — in 2004. A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. "There is now a U.S. bitcoin spot ETF, and bitcoin is no longer considered shady or infamous.

Persons: Vijay Ayyar, Ayyar, Kevin de Patoul Organizations: . Securities, Exchange, U.S, Ark, Twitter, CNBC, — Locations: BlackRock, Invesco, U.S

☆ TikTok sleuths have been obsessing over the case of Nancy Ng, a woman who vanished during a yoga retreat — and it's revealed an ugly truth
▼ + stars: | 2023-12-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

In his first video, he addressed some "really shady" circumstances around Ng's case, including some comments by Chris Sharpe, the leader of the search-and-rescue team hired by Ng's family. Advertisement"Our desensitization to true crime, due to our constant consumption of media, means it's almost a challenge or a game to solve these puzzles," she said. The dark realityThough armchair sleuths can have their benefits, a lot of information shared about true crime can be misinformed, insensitive, or exaggerated. For example, in October, a man named Lawrence Crook begged TikTokers to stop making true crime content about his mom's murder. "What is interesting about the case of Nancy Ng is that this is a woman of Asian descent," she said.

Persons: Nancy Ng, isn't, TikTok, —, Ng, TikTokers, Ed Choi, Chris Sharpe, Ng's, Sharpe, Choi, Christina Blazek, influencer Gabby Petito, Kendal Stoneystreet, Stoneystreet, Madeline McCann, Jack, David Wilson, Lawrence Crook, Odessa Carey, Crook's, Crook, Nancy Ng's, Gabby Petito's, Lauren Smith, Kourtney Nichole, GabbyPetito, TikToker, Arigato Grande Organizations: Service, Authorities, Independent, ABC7, Sheffield Hallam University, Guatemalan Locations: Lake Atitlán, Guatemala, Southern California

☆ Performance-improvement plans in tech: 4 Google and Amazon employees share what happened after they were put on PIP
▼ + stars: | 2023-12-03 | by ( Aria Yang | ) www.businessinsider.com time to read: +6 min

A former Amazon employee said they developed PTSD from the demanding work. A former Amazon employee was put on PIP and lost a $110,000 deposit on a houseA former Amazon Web Services employee thought things were going well before he was put on a performance-improvement plan called Pivot. An Amazon employee said Amazon placed some employees in a coaching program called FocusA marketing manager at Amazon described getting emails from their manager saying they were underperforming and needed coaching. Later, they said, a coworker pointed out that the manager might've been referring to a coaching program for underperformers called Focus. AdvertisementAn Amazon representative disputed the former employee's account, saying it "does not represent the experience of the vast majority of our employees."

Persons: wouldn't, —, messaged, Slack, that's, Grigory Yakushev, Grigory Yakushev Yakushev, he'd, Yakushev, Read, Amazon, might've, I'm Organizations: Workers, Amazon, Service, Amazon Web, Business, Google, underperformers, Business Insider, Amazon HR

☆ Review: A Shady Documentary Becomes a Weapon of War in ‘Spain’
▼ + stars: | 2023-11-30 | by ( Jesse Green | More About Jesse Green | ) www.nytimes.com time to read: +2 min

In Silverman’s telling, the filmmaker, Joris Ivens, a Dutchman working in the United States, is already an undercover infiltrator for Soviet interests when the Spanish Civil War breaks out in 1936. Ivens was a real filmmaker, and his movie “The Spanish Earth,” released in 1937, was a real cause célèbre among leftists and artists. The frenemies Ernest Hemingway and John Dos Passos did write the screenplay, as Silverman relates. (He imagines shooting part of the documentary from an ant’s point-of-view, or a raindrop’s.) Nor, for all his faults, was Hemingway (Danny Wolohan) so complete a buffoon, given to shouting such hollow nonsense.

Persons: ”, Jen Silverman’s “, ” That’s, Joris Ivens, “, Rich, Franco, Ivens, Ernest Hemingway, John Dos Passos, Silverman, Andrew Burnap, Hemingway, Danny Wolohan, Dos Passos, Erik Lochtefeld Organizations: Republican, Rich Fascist Locations: Jen Silverman’s “ Spain, United States, Spanish, Spain, Dos

I hope it’s the beginning of an era,” says FastHorse, a member of the Sicangu Lakota Nation and a 2020 MacArthur Fellow. “The truth was most theaters had never produced a single play by a Native playwright. It may have been about some Native people, but it was not written by Native people. They would answer that they didn't know any Native playwrights or that there weren't enough Native audiences to power ticket sales. “I think one thing I’m just hoping that people take away from this play is like, ‘Wow, Native stories are really compelling.

Persons: Mary Kathryn Nagle, swindled, Nagle, “ I’m, ”, Larissa FastHorse, ” Nagle, Martin Scorsese’s, Ken Burns, “, ” Madeline Sayet, what’s, FastHorse, Peter Pan, Jerome Robbins, Moose Charlap, Carolyn Leigh, Jule Styne, Betty Comden, Adolph Green, Lily fends, randy braves, —, ” ___ Mark Kennedy Organizations: Cherokee Nation, Lakota, MacArthur, University of California, Natives, The, Arizona State University, Yale Indigenous Performing Arts Program, Civil Rights Movement, Mohegan Tribe, Public, Young, Broadway, Indians, “ redskins Locations: “, New York City, “ Rutherford, Los Angeles, Oklahoma, The American Buffalo, New York, ‘, Africa, Japan, Eastern Europe, South Dakota

His portrayal came in testimony in an antitrust trial focused on Epic Games' attempt to upend Google's store for Android phone apps. It's similar to a payment system that Epic unsuccessfully challenged in a parallel lawsuit filed against Apple's iPhone app store. Sweeney said Google tried to entice him with a wide range of financial incentives, which he rejected. After rejecting Google's overtures, Epic tried to distribute Fortnite for Android through its own website. “It's an issue I see as existential to all games, including Epic,” Sweeney said.

Persons: Tim Sweeney, Sundar Pichai, Sweeney, Jonathan Kravis, Kravis, ” Sweeney, Fortnite, Sweeney didn't Organizations: FRANCISCO, Google, Games, Washington , D.C, U.S, Supreme, Activision, Android, Apple, Sony, Microsoft, Nintendo, PlayStation Locations: San Francisco, Washington ,, View , California

☆ House subpoenas James and Hunter Biden in GOP-led probe of the president's family
▼ + stars: | 2023-11-08 | by ( Ryan Nobles | Summer Concepcion | ) www.cnbc.com time to read: +7 min

House Republicans on Wednesday issued subpoenas to Hunter and James Biden — President Joe Biden's son and brother, respectively — as well as a Biden family associate, Rob Walker, in an escalation of Republicans' impeachment inquiry into the president. A representative and attorney for Hunter Biden and James Biden did not immediately respond to a request for comment. The subpoenas and interview requests come a day after the special counsel overseeing the probe into Hunter Biden testified before the House Judiciary Committee behind closed doors. The panel further alleges that the Biden family, their business associates and their companies received more than $24 million from foreign nations over approximately five years. "These records reveal how the Bidens sold Joe Biden around to the world to benefit the Biden family, including Joe Biden himself, to the detriment of U.S. interests," Comer said in the statement.

Persons: Jason Smith, Joe Biden, Hunter, James Biden, Joe Biden's, —, Biden, Rob Walker, James Comer, Walker, Sara Biden, James, Hallie Biden, Beau ), Elizabeth Secundy, Melissa Cohen, Hunter's, Tony Bobulinski, Hunter Biden, Ian Sams, Sams, Comer, should've, David Weiss, Weiss, " Weiss, Daniel Goldman, Mary Gay Scanlon, Ted Lieu, Ted Lieu of California —, Scanlon, Matt Gaetz, Jim Jordan, Jordan, — Tom Winter Organizations: House Republicans, Biden, Republicans, Judiciary, Justice Department, Committee, United, United States Attorneys, Department of Justice, NBC News, Trump, Democratic, Florida Republican Locations: Longworth, Ky, United States, New York, Ted Lieu of California, Ohio

☆ This city never slept. Now with China tightening its grip, is the party over?
▼ + stars: | 2023-11-03 | by ( Chris Lau | ) edition.cnn.com time to read: +16 min

China’s message at the time was that even if change was coming to Hong Kong, its spirit of “anything goes” would be staying put. People gather outside a restaurant on a near-empty street in the Soho area of Hong Kong. Officials say they were “fluorescent.”A Hong Kong government spokesman told CNN this week that the activities were “well-received by local residents and tourists”. Under Hong Kong’s pandemic restrictions, live music was all but banned in small venues for more than 650 days. Months before the virus emerged, China had been tightening its grip on Hong Kong in response to pro-democracy protests that had spread throughout the city.

Persons: Hong Kong, Boy George, Grace Jones, Pete Tong, Paul Oakenfold, China’s, Deng Xiaoping, China –, Deng, Deng’s, –, Noemi Cassanelli, Hong, John Lee, “, ”, Gary Ng, Covid, Benson Wong, Wong, Lan Kwai Fong, Cassanelli, Hong Kongers, Kongers, Ng, Yan Wai, ” Yan, hasn’t, Billy H.C, Kwok, Richard Feldman, Feldman, Becky Lam, ” Lam, “ They’ll, ” Feldman, Kwai Fong, Marco Chan, Chan, ” Allan Zeman, Allan Zeman, Lan, CNN “ They’ll, they’ll, Lam, Hong Kong’s Organizations: Hong Kong CNN, East, West, Britain, Occupy Central, National Security, Michelin, CNN, Hong, Tai Hang, National, Hong Kong Wine, HKSAR, Immigration Department, Chinese University of Hong, Soho Association, Netflix, “, Lan Kwai Fong Group, Hong Kong, Shady Locations: China, Hong Kong, Asia, Hong, Soho, Japan, Singapore, Tai, Thailand, Lan Kwai, expats, Britain, Canada, Australia, Natixis, Chinese University of Hong Kong, Lan, revelers, California, Central, Shenzhen, Hong Kong’s Central, Bangkok, Shanghai, Taipei, Petticoat

☆ Living in my truck is helping me make six figures for the first time. It's not for the faint of heart, but I visited 30 states this year.
▼ + stars: | 2023-11-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Rachel Harris, 22, about traveling the US in her camper truck. When I had enough cash, I moved out and started living in my car with my dog. Without living in my car, I would never be in the position that I am now. I definitely work a lot but it's flexible. AdvertisementAdvertisementHow I am living currently is the best quality of life that I've ever had because I'm always outside.

Persons: Rachel Harris, Harris, She's, —, I've, I'm, It's, they've, it's, Fado Organizations: Service, Facebook, YouTube Locations: Instagram, Puerto Rico, Colorado, Baja California, Mexico, Alaska, Oregon

☆ A Piece of Work: The Shady ‘Work From Home’ Excuses
▼ + stars: | 2023-10-25 | by ( Dale Hrabi | Kagan Mcleod | ) www.wsj.com time to read: 1 min

WSJ COMICA Piece of Work: The Shady ‘Work From Home’ ExcusesHow shameless can staffers' stories get? You’d be surprised. A new Wall Street Journal comic strip about the modern workplace.

Organizations: Street

☆ New rules prevent colleges from leaving student-loan borrowers with 'shoddy educations' and lots of debt, Biden's Education Department says
▼ + stars: | 2023-10-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department released new rules to protect student-loan borrowers from unaffordable debt. They also require colleges to be upfront with a student on the amount of debt they'll take on for a program. AdvertisementAdvertisementPresident Joe Biden's Education Department finalized rules to hold colleges accountable for loading student-loan borrowers up with unaffordable debt. On Tuesday, the Education Department released its final regulations to strengthen oversight over colleges and enhance protections for student-loan borrowers. "They will help prevent fly-by-night colleges from leaving students and taxpayers holding the bag for shoddy educations," he continued.

Persons: —, Joe Biden's, Education James Kvaal, they're, Kelly McManus, Barack Obama's, Donald Trump, Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education, Education, Arnold Ventures

The Palestinian Red Crescent logistics head in Gaza, Mahmoud Abu al-Atta, said truckloads of aid had been handed to specific agencies including UNICEF and the Qatari Red Crescent. Mohammad Maher, 40, who has fled to the south from Gaza City in the north, said: "We don't want food or money. Palestinians gather around the remains of a mosque destroyed in Israeli strikes, as the conflict between Israel and Palestinian Islamist group Hamas continues, in the northern Gaza Strip October 22, 2023. REUTERS/Anas al-Shareef Acquire Licensing Rights"Whoever chooses not to leave north Gaza to the south of Wadi Gaza might be identified as an accomplice in a terrorist organisation," the leaflets said. In Jabalia refugee camp, in the north of the enclave, Israeli air strikes destroyed two mosques - among 30 that local authorities say the bombardment has smashed in two weeks.

Persons: Mahmoud Abu al, Atta, Mohammad Maher, Israel, Anas, Khan Younis, Ashraf al, Younis, Shady, Nidal al, Angus McDowall, Nick Macfie Organizations: Gaza, Palestinian, Crescent, UNICEF, Qatari Red Crescent, Hamas, REUTERS, Shifa, United Nations, Thomson Locations: Gaza, GAZA, Rafah, Mahmoud, Gaza City, United States, Israel, Palestinian, Wadi Gaza

☆ Reality check, as Country Garden sells down a barely started Australia project
▼ + stars: | 2023-10-18 | by ( Byron Kaye | ) www.reuters.com time to read: +5 min

That has left Country Garden, once China's biggest private developer, which on Wednesday reiterated it was unlikely to meet all of its offshore debt repayments amid liquidity problems, trying to sell a project that is barely started and mired in uncertainty. Unlike Country Garden's other global projects, its financial exposure in Australia is mostly land purchase price and costs associated with subdivision. Country Garden Australia CEO Guotao Hu said in a statement the company's Australian assets "continue to perform well, in line with normal market behaviour and as planned". Country Garden did not disclose a purchase price when it announced the subdivision project in 2019, with a declaration at the time that "Risland is with the Wilton community for the long term". The Chinese firm has not said how much it hopes to make by selling most of the project.

Persons: Sebastian Pfautsch, Wilton, Suzy Brandstater, it'll, it's, Guotao Hu, Byron Kaye, Jamie Freed Organizations: HK, Wilton Greens, University of Western, Garden, Thomson Locations: Sydney, WILTON, Australia, Malaysia, Forest, Sydney's outskirts, Wilton, University of Western Sydney

☆ Prosecutors say Sam Bankman-Fried got shady doctor to prescribe Adderall as judge denies greater access to pills during trial
▼ + stars: | 2023-10-16 | by ( Katie Balevic | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried's defense attorneys say he doesn't have enough Adderall. Before the trial began, they had written to the judge asking for "uninterrupted access" to the drug. AdvertisementAdvertisementProsecutors in Sam Bankman-Fried's trial raise concerns about the former cryptocurrency mogul's repeated requests for more Adderall during his criminal trial, claiming in court Monday that his doctor "has engaged in some suspect practices." AdvertisementAdvertisementBut, as Bankman-Fried's attorneys revisited their medicinal complaint in court on Monday, the prosecution accused them of using a sham doctor who overprescribes to patients. When Bankman-Fried's lawyers suggested stopping the trial until then, Kaplan refused.

Persons: Sam Bankman, SBF, —, mogul's, Danielle Sassoon, Lewis Kaplan, overprescribes, Sassoon, Mark Cohen, Fried, Cohen, Kaplan, hasn't Organizations: Service, US, Bureau of Prisons, Metropolitan Detention Center, Marshalls, Federal Bureau of Prisons Locations: Brooklyn

☆ This DeFi founder pulled his money out of FTX a month before it collapsed—here's his top advice for crypto traders
▼ + stars: | 2023-10-16 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

On Nov. 11 2022, cryptocurrency exchange FTX filed for bankruptcy after users withdrew around $6 billion in funds from the exchange and Binance, a competing offshore crypto exchange, backed out of a deal to buy the company. He publicly raised concerns about FTX's financial health about a month before the company's multibillion-dollar implosion. At that time, the crypto craze had soared to a fever pitch and the entire crypto market was valued around $3 trillion. However, despite the hype surrounding FTX, Bhaidani says that the numbers just weren't adding up at the time. Since exchanges typically earn revenue by charging traders transactions fees, this would mean that revenue was down for the company as well, he says.

Persons: FTX, Sam Bankman, Ishan Bhaidani, wasn't, Bhaidani Organizations: CNBC, Miami Heat Locations: Manhattan, FTX

☆ Bill Ackman's misguided Harvard crusade
▼ + stars: | 2023-10-13 | by ( Linette Lopez | ) www.businessinsider.com time to read: +6 min

"The names of the signatories should be made public," Ackman fumed, "so their views are publicly known." Look, it's classic Wall Street to complain about the younger generation being a bunch of good-for-nothing freaks. It's also classic Wall Street to throw money around as a way to exercise power over institutions, forcing rivals you dislike to bend the knee. In his initial post, Ackman said that "a number of CEOs" shared his desire to publicly out the Harvard students. AdvertisementAdvertisementOn Wall Street, Ackman is known as the king of uninformed, unnecessary, and seemingly unlimited tweets — a breathtaking achievement in an industry full of workaholic, screen-addicted information junkies.

Persons: Bill Ackman, —, Ackman, Larry Summers, Joe McCarthy, Mark Rowan, It's, it's, he's, JC Penney, Michael Pearson, Herbalife, Sam Bankman, Pershing, Linette Lopez Organizations: Pershing, Capital Management, Harvard, Wall, Treasury, Apollo Global Management, University of Pennsylvania, JC, isn't Locations: Israel, Canadian, Washington, Palestine

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