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☆ Italy prepares to bid farewell to Berlusconi with grand funeral
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

[1/5] A person leaves a letter among flowers and football memorabilia near Villa San Martino, the residence of former Italian Prime Minister Silvio Berlusconi, to which his body was transported following his death, in Arcore near Milan, Italy, June 13, 2023. REUTERS/Yara NardiMILAN, June 13 (Reuters) - Italy was preparing on Tuesday to bid farewell to former premier Silvio Berlusconi, a scandal-prone billionaire who dominated the country's politics, business and soccer world for at least three decades. "Italy without Berlusconi," the country's largest circulation newspaper, Corriere della Sera, wrote on its front page, dedicating more than 30 pages of coverage to the event. Corriere said Berlusconi had been well enough to watch on television Saturday's Champions League soccer final between Inter Milan and Manchester City. Prime Minister Giorgia Meloni said in a TV interview on Monday that she had spoken "at length" with him that day.

Persons: Silvio Berlusconi, Nardi, Berlusconi, Sera, Corriere, Giorgia Meloni, Antonio Tajani, Tajani, Berlusconi's, Giuliano Urbani, Meloni's, Sergio Mattarella, Alvise, Ed Osmond Organizations: Italian, REUTERS, AC Milan, Monza, Saturday's Champions League, Inter Milan, Manchester City, Berlusconi's Forza Italia, Forza, La Repubblica, Meloni's Brothers, Thomson Locations: Villa San, Arcore, Milan, Italy, Nardi MILAN, Raffaele, Milan's, Washington

☆ Some Democrats don't like Biden and McCarthy's debt-ceiling bill — but they'll vote for it because 'the macro alternative is absolutely indigestible'
▼ + stars: | 2023-06-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Many Democratic lawmakers are unhappy with the debt-ceiling bill that just passed the House. But some of them will vote for the bill anyway because they say a default would be far worse. "The macro alternative is absolutely indigestible," Rep. Jamie Raskin told Politico. On Wednesday night, the House easily passed Biden and McCarthy's Fiscal Responsibility Act with a bipartisan vote of 314-117. Other Democrats feel the same — but fear a default on the nation's debt would be worse than signing the bipartisan debt-ceiling bill into law.

Persons: Jamie Raskin, —, Joe Biden's, Kevin McCarthy's, they'll, Biden, Vermont Sen, Bernie Sanders, Politico, Sen, Elizabeth Warren of, she's, Janet Yellen, McCarthy, Alexandria Ocasio, Ro Khanna, Chuck Schumer, Nobody's Organizations: Democratic, Service, Congressional, Office, SNAP, Elizabeth Warren of Massachusetts, Politico, Republicans, Social Security, Medicare, Congressional Progressive Caucus, Caucus, Twitter Locations: Vermont, Alexandria, Cortez

☆ A Navy pilot had to be rescued off the coast of Key West after ejecting from an F-5 aircraft
▼ + stars: | 2023-06-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

A Navy pilot had to be rescued from Florida waters after ejecting from an F-5 aircraft. Naval officials said Wednesday the pilot was part of the Fighter Squadron Composite VFC-111. Naval officials confirmed that a pilot assigned to Naval Air Station Key West was picked up in the waters off Key West on Wednesday morning. —NAS Key West (@NASKeyWest) May 31, 2023The aircraft, which was an F-5N plane, originally launched from Naval Air Station Key West. The Navy had to rescue the pilot from the water using an MH-60S search and rescue helicopter, the station said.

Persons: —, Sun Organizations: Navy, Naval, Wednesday, Fighter, Service, US Navy, Naval Air Station, West, NAS, Naval Air Station Key, Boca Chica, Local, Coast Guard Locations: Florida

☆ Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
▼ + stars: | 2023-06-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +6 min

Dimon made the remarks in a deposition for lawsuits against the bank related to its alleged role in Epstein’s sex trafficking crimes. Dimon testified that he had never personally met or spoken over the phone with Epstein. Dimon testified that the bank’s general counsel would have had the final say to cut ties with a client like Epstein. According to Dimon, Staley and Erdoes could not have overridden the general counsel. “What has become clear is that Epstein could not have run his sex trafficking operation without the valuable assistance of JPMorgan, Chase.

Persons: Jamie Dimon, Jeffrey Epstein’s, Dimon, Epstein, James “ Jes ” Staley, wasn’t, JPMorgan Chase, Staley, who’s, ”, Jeffrey Epstein, JPMorgan’s, Steve Cutler, ” Dimon, Cutler, Jes Staley, Mary Erdoes, Erdoes, “ Mr, Brad Edwards, ” Edwards, I’m, “, CNN’s Poppy Harlow Organizations: New, New York CNN, JPMorgan, CNN, Virgin Islands, Chase, Firm Locations: New York, Virgin, Florida

☆ These are the 2 House Democrats who voted with Republicans to overturn Biden's student-loan forgiveness
▼ + stars: | 2023-05-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The House passed a bill on Wednesday to overturn Biden's student-debt relief plans. The measure passed by a vote of 218-203 — but it wasn't just Republicans who voted in favor of the legislation. Democratic Reps. Jared Golden of Maine and Marie Gluesenkamp Perez of Washington joined Republicans in voting in favor of overturning Biden's student-debt relief policies. The bill to overturn student-debt relief now heads to the closely divided Senate, where it faces an uncertain path ahead. "House Republicans just voted to throw 260K public servants back into debt & force 36 million Americans to immediately pay back months of paused student loans," Massachusetts Sen. Elizabeth Warren wrote on Twitter on Wednesday.

☆ Authorities search for Australian man who went overboard a Royal Caribbean cruise ship as the boat crossed the Pacific in the dark
▼ + stars: | 2023-04-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The Coast Guard is searching for a man believed to have gone overboard a cruise ship this week. Insider previously reported that man overboard incidents are relatively rare. The US Coast Guard is still searching for an Australian passenger believed to have gone overboard a Royal Caribbean cruise ship hundreds of miles from Hawaii on Tuesday night. Officials first received a call from the Quantum of the Seas cruise ship about a man overboard at 11:03 p.m. on Tuesday. The search for the overboard man resumed Wednesday morning as a Coast Guard helicopter conducted a six-hour aerial search in the area, but failed to locate the missing man.

☆ Kevin McCarthy is fighting to 'deny critical student debt relief' to 83,000 of his own constituents in his new debt ceiling bill, Biden's Education Secretary says
▼ + stars: | 2023-04-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Kevin McCarthy unveiled his bill to raise the debt ceiling on Wednesday. It included banning student-loan forgiveness and ending the payment pause. The 320-page bill included $4.5 trillion in spending cuts, including strengthened work requirements on welfare programs, rescinding unspent pandemic funds, and banning student-loan forgiveness. Currently, Biden's broad debt relief is paused following two conservative-backed lawsuits that blocked the implementation of the plan, and the Supreme Court is expected to issue a final decision of the legality of the relief by June. "Let's get this straight: MAGA House Republicans are holding the economy hostage to prevent student debt relief from happening, while making it easier for the rich to cheat on their taxes," Biden wrote on Twitter on Thursday.

☆ House Republicans want to ban student-loan forgiveness and immediately end the payment pause in their new debt ceiling bill
▼ + stars: | 2023-04-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

House Republicans unveiled their bill to raise the debt ceiling on Wednesday. On Wednesday, House Republicans unveiled a bill to raise the debt ceiling through March 2024, and alongside increasing the limit, they have 320 pages worth of proposed spending cuts alongside it. Since Biden took office, many GOP lawmakers have slammed the president's debt relief plans, saying they are an overreach of authority and costly to taxpayers. In the meantime, Democratic lawmakers and advocates have been urging Congress to raise the debt ceiling and avoid a financially catastrophic default. "Everyone in the House and Senate must reject the Speakers and GOP efforts to repeal student loan relief, changes to PSLF + IDR, and preventing future relief," she said.

☆ China approves its first mRNA Covid-19 vaccine
▼ + stars: | 2023-03-23 | by ( Juliana Liu | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —China has approved its first Covid-19 vaccine based on mRNA technology, months after the country lifted strict pandemic measures. The vaccine targets the Omicron variant and was tested in China with over 5,500 people, it added. “This is a positive step because there is strong scientific evidence that mRNA vaccines do much better than non-MRA vaccines,” Jin Dong-yan, a professor in molecular virology at the University of Hong Kong, told CNN. Until now, China has approved only inactivated vaccines made by Sinovac Biotech and Sinopharm Group, two Beijing-based drugmakers. The inactivated vaccines have been found to elicit lower levels of antibody response compared to ones using the newer messenger RNA technology.

☆ Coinbase says it could get sued by the SEC, which has identified 'potential violations of securities law' at the exchange
▼ + stars: | 2023-03-23 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Coinbase said it got a Wells notice from the SEC alerting it of possible enforcement action. The regulator told the crypto exchange it had identified potential violations of securities law, but little more. Coinbase said Wednesday that it got a Wells notice from the SEC alerting it of potential enforcement action for possible violations of securities law after "a cursory investigation," but that the SEC didn't expand much more. The exchange said the notice from the SEC touched on unspecified portions of its listed digital assets, its staking service, its self-custody crypto wallet and an aspect of its exchange called Coinbase Prime. The famed money manager now holds a 7% stake in the crypto exchange worth $837 million.

[1/6] Pills are pictured at a fentanyl pill manufacturing center and a methamphetamine lab seized by the Mexican Army, in Culiacan, in Sinaloa state, Mexico February 14, 2023. Reuters GraphicsThe hiked up figures are not credible, say two former senior law enforcement figures in Mexico and the United States, as well as two serving Mexican security sources. The description of the drugs the Mexicans say they seized in the labs also raises questions about the accuracy of the lab data, said two of the security sources. Laboratory busts, often in hard-to-reach mountainous areas, have historically been a key metric for how active Mexican security forces have been in targeting drug trafficking groups. In 2022, FGR reported 18 lab raids by all security agencies, compared to the army's count of 492 raids.

Hong Kong CNN —Police in central Japan have arrested three people for taking part in pranks at a sushi conveyor belt restaurant. We will continue to do our best to … grow the conveyor belt sushi culture that is dear to Japan globally.”According to public broadcaster NHK, police arrested a 21-year-old and two teenagers on suspicion of obstructing the restaurant’s operations. Besides Kura Sushi, two other kaiten chains — Sushiro, owned by Food & Life Companies, and Hamazushi — previously told CNN they had suffered similar disruptions. In recent weeks, some Japanese social media users have even started to question whether conveyor belt sushi restaurants have a future in the country as consumers demand more attention to cleanliness. Kura Sushi said it would use AI-operated cameras to monitor customers to see if they’re misbehaving.

☆ China's so desperate to boost its birth rates, it's even cracking down on customary betrothal gifts for brides to help people get married more easily
▼ + stars: | 2023-03-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's cracking down on the custom of the "bride price" to facilitate marriages and boost birth rates. These betrothal gifts include cash, jewelry, cars, and even real estate. A delegate from the state-backed All-China Women's Federation proposed that authorities look into measures to curb expensive betrothal gifts, the women's rights organization said in a Wednesday statement. Still, nearly three-quarters of marriages involve the custom of betrothal gifts, according to a 2020 survey of 1,846 China residents by Tencent News. This is because betrothal gifts — which are typically given after negotiations between the two families — can include cash, jewelry, cars, and even real estate, according to the Tencent News survey.

☆ A US weapons maker is offering Ukraine a pair of deadly combat drones for $1, 'no strings attached,' but it's not that simple
▼ + stars: | 2023-02-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US weapons maker General Atomics offered two lethal drones for Ukraine for just $1. However, General Atomics acknowledged that preparing these drones for combat use come with additional costs that are outside the company's control. "Factoring in hardware and training that is essentially free, the offer is a remarkable deal with no strings attached," General Atomics said. The US has so far avoided providing Ukraine with larger and more lethal drones such as the Reaper and Gray Eagle. "There are limits to what an American defense company can do to support a situation such as this," General Atomics wrote.

☆ Investors are hooked on the 'heroin' of Fed rate cuts but the focus will turn to earnings gloom, Morgan Stanley's top strategist says
▼ + stars: | 2023-02-01 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The Federal Reserve's not going to start cutting interest rates soon, Morgan Stanley's top strategist said. When investors realize that, the focus will shift to the weakness in earnings, Mike Wilson told CNBC. But with once-soaring prices starting to cool, many investors now expect the Fed to start cutting rates by the end of 2023. But many strategists have put the gains down to investors' blindly focusing on hypothetical Fed rate cuts while ignoring other factors, such as earnings. "The Fed will be part of that story, but I think it'll be cutting rates long after the market has bottomed."

WASHINGTON, Dec 28 (Reuters) - Jamie Raskin, a Democratic U.S. representative who rose to prominence as the lead manager for former President Donald Trump's second impeachment trial, has been diagnosed with cancer, he said on Wednesday. "After several days of tests, I have been diagnosed with Diffuse Large B Cell Lymphoma, which is a serious but curable form of cancer," Raskin said in an official statement. Raskin has also served on the January 6 Committee, which investigated the Capitol attack and Trump's role in it. In the next Congress, Raskin is set to serve as the top Democrat on the House Oversight panel. Reporting by Gram Slattery in Washington Editing by Caitlin Webber and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Cramer's investment strategy for 2023 is a Fed-driven tale of two halves
▼ + stars: | 2022-12-15 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

We will also begin to rethink those names in our portfolio that benefit from higher levels of inflation. The first half will be good for those names that benefit from inflation such as consumer staples, health care and energy stocks. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ North Carolina utility restores power to all customers after substation attack
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - A North Carolina utility said on Thursday it had restored power to all of the homes and businesses affected by what authorities described as an orchestrated gunfire attack that disabled two substations last week. Duke Energy Corp said 45,000 customers who lost power in the attack in Moore County five days earlier had electric service restored. Schools across the county of 100,000 people canceled classes for students for the forth day on Thursday. School officials were worked to ensure that electrical, HVAC and communications were operational before resuming classes, they told local media. Federal law enforcement officials were helping an investigation into the situation, which was also monitored by the White House.

☆ Zelenskyy calls for 'strong reaction' from the UN after Russian bombs left millions of Ukrainians without heat and water in below-freezing temperatures: 'We expect the reaction of friends — not just o
▼ + stars: | 2022-11-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Zelenskyy condemned recent Russian missile attacks on Ukrainian energy infrastructure. The president called for a strong global response to the assault, which has left millions without power. "We expect a strong reaction from the world to today's Russian terror. We expect the reaction of friends — not just observers," Zelenskyy said. A newborn baby was killed in an earlier Russian missile attack that hit a hospital maternity ward in the Zaporizhzhia region late Tuesday, Ukrainian officials said.

☆ EU declares Russia a 'state sponsor of terrorism', a move it hopes could make it easier to put Putin on trial
▼ + stars: | 2022-11-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

The EU parliament declared Russia a "state sponsor of terrorism" over its invasion of Ukraine. It said the vote would help bring Putin closer to facing an international tribunal. The step is a mostly-symbolic gesture, prompted by evidence of war crimes in the nine-month-old invasion of Ukraine by Russian forces. It said in a statement before the vote that the move would aid efforts for Putin to face a war crimes trial. "By declaring Russia a state sponsor of terrorism, MEPs want to prepare the ground for Putin and his government to be held accountable for these crimes before an international tribunal."

☆ A newborn baby was killed at a Ukrainian hospital amid ramped up Russian missile attacks, officials say
▼ + stars: | 2022-11-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A Russian missile attack on a hospital in the Zaporizhzhia region killed a newborn, officials said. Other than the baby, the child's mother was the only patient at the facility, according to a Telegram post by the country's emergency services. The hospital was located near the frontlines of the fighting in the Zaporizhzhia region, which is also home to the largest nuclear plant in Europe, Ukrainian emergency services said. Oleksandr Starukh, the regional governor of the Zaporizhzhia region, said in a Telegram post that the "small maternity ward" had been hit by "huge missiles," according to NBC News. Ukrainian Emergency Services said multiple regions were attacked and officials responded to 159 incidents and detected and removed 1,453 explosive objects on Wednesday alone.

☆ A first-generation college student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game': 'It's not the American dream that we were promised'
▼ + stars: | 2022-11-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Guilherme Lopes, 31, is a first-generation college student with $146,000 in student debt. He said the recent court decisions blocking the debt relief "feels like a really sick game." When his high-school guidance counselors advised him to take out student loans to finance his education, that's exactly what he did. He also had high hopes that it would aid his mother and brother, who also hold student debt. While Biden's administration has expressed confidence that it will prevail in court, Lopes said he's upset these lawsuits even happened in the first place.

☆ Mehmet Oz, Tim Michels, Don Bolduc offer quick concessions as some pro-Trump election deniers avoid stoking new fears about results
▼ + stars: | 2022-11-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

"This morning I called John Fetterman and congratulated him," Dr. Mehmet Oz said in a Wednesday statement announcing his concession. Oz was just one of the hundreds of pro-Trump candidates that raised doubts about the 2020 election. Legally speaking, concessions hold no weight, as elections are not over until results have been canvassed and certified which can take weeks. Trump's refusal to concede the 2020 presidential election reminded Americans that admitting defeat is not just a sign of basic grace and decency. It is worth noting that before Trump candidates from both parties readily conceded races.

☆ Man gets death for killing Texas agency’s first Sikh deputy
▼ + stars: | 2022-10-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

HOUSTON — A man was sentenced to death Wednesday for the fatal 2019 shooting of a law enforcement officer who was the first Sikh deputy in his Texas agency. A Harris County jury deliberated for about 35 minutes before returning the death sentence for Robert Solis, 50, after convicting him of capital murder on Oct. 17 in Harris County Sheriff’s Deputy Sandeep Dhaliwal’s killing. That makes him the worst of the worst, which is why we asked jurors to sentence him to death,” Harris County District Attorney Kim Ogg said in a statement. Harris County Sheriff's Deputy Sandeep Dhaliwal, center, grieves at a memorial for Deputy Darren Goforth in Houston in 2015. “Deputy Dhaliwal was a pillar of this community, and when it came to law enforcement, he set the bar,” Warren said.

☆ A Russian defense advisor was caught on a hot mic saying 'we all know the drones are Iranian' but the Kremlin doesn't want to admit it
▼ + stars: | 2022-10-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

A Russian defense advisor recently revealed that Russia uses Iranian-made drones in Ukraine. Both Russia and Iran have denied that Tehran's suicide drones are being deployed in Ukraine. Ruslan Pukhov, who is also a military expert, recently joined Russian Business Channel (RBC TV) for a television interview. Pukhov appears unaware that the show is already on the air, and he reveals before the interview gets started that Russia has been using Iranian-made suicide drones, even if the Kremlin isn't acknowledging it. In addition to the Shahed-136, Russian forces have also deployed Iranian-made Shahed-129, Shahed-191, and Qods Mohajer-6 drones.

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