DIRS.INFO The most relevant business & tech news

☆ Bankman-Fried trial poses biggest test to date for crypto's top cop
▼ + stars: | 2023-09-29 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

Bankman-Fried's will be the first of Williams' blockbuster white collar cases to go to trial. The cases Williams, 43, has brought so far show he has been a "steward" of the SDNY's longstanding priorities, said Kan Nawaday, who overlapped with Williams at the office. Prosecutors had described the cases as the first insider trading cases brought involving digital assets. Williams' charges against Bankman-Fried came just one month after FTX's collapse, which former prosecutors say is very fast for a complex white collar case. WILLIAMS HAS STRUGGLED WITH SELF-DOUBTBankman-Fried's trial comes after some setbacks and amid ongoing challenges for Williams' office.

Persons: Damian Williams, Mike Segar, Sam Bankman, Williams, Charlie Javice, Bill Hwang, Joe Lewis, Javice, Hwang, Lewis, Kan Nawaday, He's, Venable, Prosecutors, Alex Mashinsky, WILLIAMS, SDNY's, John Paul Stevens, General Merrick Garland, Garland, Joe Biden, Bob Menendez, Menendez, Fried, Joshua Naftalis, Pallas, Brian Benjamin, haters, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: Attorney, Southern, of, REUTERS, U.S, Yale Law School, Archegos Capital Management, Supreme, Allianz's U.S, Allianz, Bankman, New, Columbia Law School, Thomson Locations: Manhattan, New York City , New York, U.S, of New York, English, Jersey, Bahamas, Caribbean, New York, Bronx, Georgia

FORT LAUDERDALE, Fla. (AP) — Top officials at a Florida school district ordered the removal of all books and material containing LBGTQ+ characters and themes from classrooms and campus libraries, saying that was needed to conform to a state law backed by Gov. The district later backed off a bit, allowing some exceptions for high school libraries. Political Cartoons View All 1185 ImagesThe school district did not respond to calls Wednesday from the AP seeking comment. But the group says Florida Department of Education officials are to blame for any district confusion or overreach. The school district issued a statement to Popular Information this week clarifying some of the superintendent and attorney's remarks, saying some material with LGBTQ+ themes or characters would still be available in high school libraries.

Persons: Ron DeSantis, “, Mark Vianello, Michael McKinley, ”, Read, McKinley Organizations: —, Gov, Charlotte, Florida Parental, Florida, Read, Associated Press, DeSantis, Republican, Walt Disney Co, Florida Department of Education, Vianello Locations: FORT LAUDERDALE, Fla, Florida, Fort Myers, Sarasota

COLUMBUS, Ohio (AP) — Ohio Supreme Court justices vigorously questioned the state's lawyer Wednesday about a legal strategy that Ohio is attempting in hopes of reviving its law banning on abortions except in the earliest weeks of pregnancy. The state is also challenging whether Preterm Cleveland and other Ohio clinics have the necessary legal standing to sue. The legal battle over the law comes as a proposed constitutional amendment that would protect abortion access in Ohio will go before voters in November. Preterm's attorney, B. Jessie Hill, argued that the state's decision to appeal the stay at the Ohio Supreme Court defies “long-standing, well-established rules" on such actions. Ohio clinics then brought their challenge to state court, arguing that a similar right to the procedure exists under the Ohio Constitution.

Persons: Benjamin Flowers, peppering, Flowers, Christian Jenkins, Mike DeWine, Jenkins, ” Flowers, Dave Yost's, Jessie Hill, Hill, they’re, Roe, Wade, ”, Jennifer Brunner, “, “ It's, Yost Organizations: —, Republican Gov, Supreme, AP VoteCast, Ohio Locations: COLUMBUS , Ohio, — Ohio, Ohio, Cleveland, Hamilton, U.S

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

That is especially concerning for parents of younger kids and those whose disabilities can make finding child care an extra challenge. One failed legislative proposal would have let students in four-day districts transfer or attend private schools, with their home districts picking up the tab. “If everybody becomes a four-day school week,” she said, “that is no longer a recruitment strategy.”In some communities, a four-day week is better for families. “They’re making the shift to the four-day week because all the districts around them have adopted a four-day week,” he said. However, the Rand Corporation found achievement differences in four-day districts, while initially hard to spot, became apparent over multiple years.

Persons: — It's, Callahan, contorts, Keegan, ”, Hudson, Brandi Pruente, “, Paul Thompson, Harry Truman, Dale Herl, Jon Turner, Margie Vandeven, Tony Warren, Warren, Thompson, Karyn Lewis, Will Pierce, hasn't, Frank James Perrone Organizations: French, Oregon State University, Economic Commission, Missouri State University, Rand Corporation, Indiana University, Associated Press, Carnegie Corporation of New, AP Locations: Mo, U.S, Independence , Missouri, Kansas City, Missouri, Independence, Turner, Montana, Denver, 27J, ”, Carnegie Corporation of New York

☆ Washington D.C. is the No. 1 place in the U.S. for taking climate change seriously
▼ + stars: | 2023-09-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Power report shared exclusively with CNBC Make It ranked 48 states and the District of Columbia on how serious the issue of climate change is on a scale of zero to four, with zero being "there is no climate change" and four being, "climate change is very serious." Washington D.C. ranked as the place in the U.S. that takes climate change most seriously. 1 place in the U.S. for taking climate change seriouslyUtility customers in Washington D.C. have the greatest sense of urgency about climate change, with an average score of 3.11— the only region evaluated in the study to score higher than 3. According to the Department of Energy and Environment, Washington D.C. is approaching climate change from two sides: adaptation and mitigation. 3 place in the U.S. that takes climate change the most seriously, according to J.D.

Persons: Power, David J Ocasio, Feng Wei Organizations: District of Columbia, CNBC, Washington D.C, Getty Images Washington, Department of Energy, Environment, Clean Energy, D.C, Washington, Vermont, Istock, Getty Images Vermont, Vermont Legislature, Global Locations: Utilities, Alaska, Rhode, U.S, Washington, Vermont, Hawaii, California, Oregon, Connecticut, Massachusetts, Colorado, Maine, Delaware, County , Vermont

☆ A Black student was suspended over his locs hairstyle. Now his family is threatening to call Child Protective Services on the Texas school.
▼ + stars: | 2023-09-18 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Darryl George was suspended from his Texas high school over the length of his locs hairstyle. He was given another round of suspension, a civil rights activist helping his family, Dr. Candice Matthews, told Insider. "Daryl is sitting on a stool, a stool in a cubby," Darresha George told Insider. Bloom told Insider that the district's policy on hair length does not violate the Crown Act. His hair is a connection to God," Matthews said, adding that Darryl's dad's hair, stepdad's hair, and brother's hair is woven into his own.

Persons: Darryl George, he's, George, Candice Matthews, Darresha, Daryl, Darresha George, He's, Allie Booker, that's, David Bloom, Bloom, Booker, Rhetta Bowers, Matthews Organizations: Child Protective Services, Service, Hill High School, CPS, Protective Services, Services, New York Times Locations: Texas, Wall, Silicon, Houston

☆ DeSantis' Disney board wants to cut millions from road fixes at the park. Meanwhile, it's facing huge legal fees to keep fighting Mickey Mouse in court.
▼ + stars: | 2023-09-14 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

DeSantis' Disney board may cut $3 million for roadway repairs and maintenance from its 2024 budget. The tentative budget cuts come as the board expects millions in legal fees in its battle against Disney. The chairman of the board slammed the ousted Disney board, accusing it of "cronyism." Chairman of the Central Florida Tourism Oversight District, Martin Garcia. Central Florida Tourism Oversight District, YouTubeThe district expects to spend over $2.6 million more in 2024 on legal fees — largely connected to DeSantis' ongoing feud with Disney.

Persons: DeSantis, Ron DeSantis, Florida —, Martin Garcia, Garcia Organizations: Disney, Service, Central, The Central, Politico, District Locations: Wall, Silicon, Florida, Central Florida, The Central Florida

☆ A pastor invited to DeSantis' Disney board meeting quoted the Bible telling people not to 'resist authority' as it strips workers' park perks
▼ + stars: | 2023-09-14 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

A pastor invited to DeSantis' Central Florida Tourism Oversight District's meeting told attendees not to "resist authority." The pastor read from the Bible as the board discussed stripping park parks for Disney workers and retirees. Ron DeSantis to run the area around Disney World defended stripping park employees of their perks — moments after a pastor invited to speak urged attendees not to "resist authority." Last month, the Central Florida Tourism Oversight District board revoked all of the land's firefighters' free passes to the Disney parks and resorts. Disney responded with a lawsuit, and while DeSantis said he's since "moved on" from the fight, Disney is not backing down.

Persons: Firefighters —, Ron DeSantis, Pastor David Netzorg —, —, Netzorg, Pete Simon, DeSantis Organizations: Florida Tourism, Disney, Firefighters, Service, Gov, Emmaus Church, Disney World, Central, Miami Times, Disney firefighters, Improvement, Florida's GOP Locations: Florida, Wall, Silicon, Winter Garden , Florida, Central Florida, Florida's

☆ India's Kerala shuts some schools, banks to curb deadly Nipah virus
▼ + stars: | 2023-09-13 | by ( Rupam Jain | ) www.reuters.com time to read: +2 min

Staff members install a sign reading "Nipah isolation ward, entry strictly prohibited" at a hospital where a ward is being prepared for suspected Nipah virus patients in Kozhikode district, Kerala, India, September 12, 2023. REUTERS/Stringer Acquire Licensing RightsNEW DELHI, Sept 13 (Reuters) - India's southern state of Kerala shut some schools, offices and public transport, authorities said on Wednesday, as they scrambled to rein in the spread of the rare and deadly brain-damaging Nipah virus that has killed two people. The victim's daughter and brother-in-law, both infected, are in an isolation ward, with other family members and neighbours being tested. The Nipah virus was first identified in 1999 during an outbreak of illness among pig farmers and others in close contact with the animals in Malaysia and Singapore. In Kerala's first Nipah outbreak, 21 of the 23 infected died, while outbreaks in 2019 and 2021 claimed two more lives.

Persons: Stringer, Veena George, Rupam Jain, Michael Perry, Clarence Fernandez Organizations: REUTERS, state's, National Virology Institute, Reuters, Thomson Locations: Kozhikode district, Kerala, India, DELHI, Kozhikode, district's, Marutonkara, Malaysia, Singapore

☆ The teacher fired after speaking out when her 1st graders were told they couldn't sing 'Rainbowland' is now suing her school district
▼ + stars: | 2023-09-09 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A Wisconsin school district wouldn't allow first graders to sing "Rainbowland," a song about acceptance. Tempel is now suing the district, arguing it violated her freedom of speech. Attorneys for Melissa Tempel filed the lawsuit earlier this week, alleging the School District of Waukesha violated Tempel's First Amendment rights. "I am devastated that I am not returning to school today," Tempel said in a statement, released by her attorneys. A spokesperson for the School District of Waukesha did not immediately respond to a request for comment.

Persons: Melissa Tempel, —, she's, Tempel, Miley Cyrus, Dolly Parton, retaliating, James Sebert, Sebert Organizations: Service, District, Heyer Elementary, School District Locations: Wisconsin, Wall, Silicon, Waukesha

Ron DeSantis appointed a co-founder of Moms for Liberty, a “parental rights” group that has sought to take over school boards in multiple states, to the Florida Commission on Ethics on Wednesday. Tina Descovich was named to the nine-member, Tallahassee-based commission, which investigates alleged breaches of public trust by elected and appointed officials, as well as state employees. Moms for Liberty started with Descovich and two other Florida women fighting COVID-19 restrictions in 2021. Along with Descovich, DeSantis also appointed South Florida attorney Luis Fuste to the commission. Another vacancy on the ethics commission was created in June, when former member Jim Waldman's term ended.

Persons: Ron DeSantis, Tina Descovich, Descovich, ”, DeSantis, Luis Fuste, Glen Gilzean, Gilzean, Jim Waldman's Organizations: — Republican Gov, Liberty, School Board, Florida Coalition of School, Heritage Foundation, Republican, Southern Poverty Law Center, South, Florida Senate, Central, Walt Disney, Disney Locations: TALLAHASSEE, Fla, Florida, Tallahassee, Brevard County, Tampa, Philadelphia, South Florida, Central Florida

☆ This company thinks the future of education is virtual reality schools that offer students a more 'decentralized' experience
▼ + stars: | 2023-09-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementBack in 2015, Oculus founder Palmer Luckey predicted that — sooner or later — virtual reality headsets would find their way into the classroom and enable a new, more immersive future for education. Now, an online school called Optima Academy Online seems to be answering those queries, and bringing Luckey's vision to fruition. Kevin Wolf/APOptimaEd, the Florida-based company behind Optima Academy, is helmed by conservative education activist Erika Donalds, wife of Republican Congressman Byron Donalds. A field trip to EverestThe school instructs students through a combination of virtual reality sessions and online classes. Instruction for kindergarten through second grade is more similar to virtual school where classes are both live and pre-recorded, according to Optima's website.

Persons: Adam Mangana, Palmer Luckey, Luckey, Erika Donalds, Byron Donalds, Kevin Wolf, Ron DeSantis, Jeremy Bailenson, Optima's Organizations: Yorker, New, Summit, Optima, Meta, Optima Academy, Everest, New Yorker, Research Locations: Florida, Dublin, Everest, à, Arizona, Michigan, Yorker

☆ Chipotle is paying $322,400 to settle allegations its DC locations let minors work more than 48 hours a week
▼ + stars: | 2023-08-29 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Chipotle is paying more than $300,000 to settle allegations of child labor in Washington, D.C.D.C. alleges Chipotle let minors work over 48 hours a week and more than six straight days a week. Chipotle denies the allegations, but will adopt policies to comply with child labor laws as part of a settlement. Schwalb's office began the investigation in May 2022 after seeing reports alleging Chipotle violated child labor laws in other jurisdictions, according to the release. The investigation identified more than 800 potential violations of the district's child labor laws dating back to April 2020. Chipotle was previously accused of child labor law violations in Massachusetts and New Jersey.

Persons: Chipotle, Brian L, Schwalb, Laurie Schalow Organizations: Service, Washington , D.C, Washington, New Jersey Department of Labor, National Labor Relations Board Locations: Washington ,, Wall, Silicon, Massachusetts, New Jersey, Augusta , Maine

☆ California's attorney general is suing a school district that's forcing teachers to out transgender and nonbinary students to their parents
▼ + stars: | 2023-08-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

California's attorney general is suing a school district over its policy that would forcibly out some LGBTQ+ students. The new policy requires school staff to tell parents if their kids want to use different pronouns. The lawsuit says the policy unlawfully discriminates against transgender and gender non-conforming students. California Attorney General Rob Bonta filed a lawsuit Monday against the district accusing it of unlawfully discriminating against transgender and nonbinary students. The lawsuit also accuses the school board president of saying that these students' parents need to take "non-affirming" actions so the kids can "get better."

Persons: —, Rob Bonta, CVUSD, Ron DeSantis Organizations: Service, Unified School District, Los Angeles Times, CPS, Florida Gov Locations: Wall, Silicon, Chino, California, Florida

☆ Disney firefighters push back against DeSantis board appointees over decision to end free park passes
▼ + stars: | 2023-08-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Disney firefighters are upset over the loss of free park passes, a perk they had long cherished. one firefighter told the DeSantis-crafted board last week. Ron DeSantis created the board to take the place of the existing district. AdvertisementAdvertisementThe board's stance has put the firefighters in a frustrating dilemma, as they once welcomed DeSantis' takeover of the tax district. In lieu of the passes, Garcia indicated that the Central Florida district was poised to give employees a roughly $1,400 pay bump.

Persons: what's, DeSantis, Ron DeSantis, Pete Simon, Aaron Clark, Ricky Clark, Martin Garcia, Garcia Organizations: Disney, Service, Walt Disney, Improvement, Central, Republican Gov, Associated Press, DeSantis Locations: Wall, Silicon, Orlando, Central Florida, Reedy

☆ The Texas town where James Byrd Jr. was dragged to his death in 1998, sparking national outrage and new federal hate crime legislation, wants to 'move on'
▼ + stars: | 2023-08-26 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

People in Jasper are in many ways still dealing with the aftermath of James Byrd Jr.'s 1998 murder. Louvon Byrd Harris, Byrd's younger sister, told The Post that many people simply "want to forget what happened." A section of Huff Creek Road in Jasper, Texas, where James Byrd Jr., was dragged to his death. While Byrd's murder prompted the Texas legislature's 2001 passage of the James Byrd Jr. Hate Crimes Act, along with the Matthew Shepard and James Byrd Jr.

Persons: James Byrd Jr, Byrd's, Byrd, George Floyd's, haven't, Louvon Byrd Harris, Poor Jasper, David Shultz, Jasper, Anderson, Juan Lozano, Betty Lane, Matthew Shepard, Tod Lawlis Organizations: Post, Service, Washington, Lone Star State, Historical Museum, Jasper City Council, Anderson Land, AP, Congress, Byrd Foundation, Racial, Byrd Locations: Jasper, Wall, Silicon, East Texas, Minneapolis, Huff, Jasper , Texas, Texas, Austin

☆ 'Final nail in the coffin' for Russia's Wagner Group as leader Prigozhin presumed dead
▼ + stars: | 2023-08-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Head of the Wagner Group Yevgeny Prigozhin left the Southern Military District headquarters on June 24, 2023 in Rostov-on-Don, Russia. Stringer | Anadolu Agency | Getty ImagesRussian mercenary force Wagner Group may have suffered a "final nail in the coffin" with the presumed death of leader Yevgeny Prigozhin in a plane crash, analysts suggest. Yet the group also appeared to call for peace, with the Wagner Group Telegram channel on Thursday calling for its members and supporters not to "take any measures" within Russian territory. A member of private mercenary group Wagner pays tribute to Yevgeny Prigozhin and Dmitry Utkin following their apparent deaths in a plane crash on Aug. 23, 2023. Members of the Wagner Group prepare to depart from the Southern Military District's headquarters and return to their base on June 24, 2023 in Rostov-on-Don, Russia.

Persons: Wagner Group Yevgeny Prigozhin, Wagner, Yevgeny Prigozhin, Dmitry Utkin, Vladimir Putin, Prigozhin, Jason Bush, They've, Bush, it's, Alexander Lukashenko, Vladimir Nikolayev, Putin, disbursing Wagner, who'd, reimagining Wagner, Doxsee, Sergei Surovikin, Surovikin, —, Prigozhin's Organizations: Wagner Group, Southern Military, Stringer, Anadolu Agency, Getty, NBC News, Grey Zone, Central African, Russian Defense Ministry, Russian Armed Forces, Kremlin, Redut PMC, Mercenaries, Defense Ministry, Eurasia Group, CNBC, Afp, Russian Embassy, Ukrainian Ministry of Defense, Transnational, Center for Strategic & International Studies, Russian Aerospace Forces, PMC Locations: Rostov, Don, Russia, Moscow, Tver, Hell, Russia's, Ukraine, Central African Republic, Libya, Mali, Sudan, Syria, Belarus, Africa, Russian, London

The U.S. Supreme Court building is seen prior to the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsAug 21 (Reuters) - A parents group backed by a conservative legal organization asked the U.S. Supreme Court on Monday to consider whether an admissions policy aimed at diversifying an elite Virginia high school is racially discriminatory. But unlike the higher education cases, the admissions policy adopted in 2020 by Virginia's Fairfax County School Board for the state-chartered magnet high school was on its face race neutral. In February 2022, U.S. District Judge Claude Hilton sided with the parents' group lawyers at the libertarian Pacific Legal Foundation. Last year the Supreme Court declined an emergency request to block its policy, though three conservative justices dissented.

Persons: Kevin Lamarque, Thomas, Claude Hilton, Appeals, Nate Raymond, Clarence Fernandez Organizations: U.S, Supreme, REUTERS, Thomas Jefferson High School for Science & Technology, Fairfax, Fairfax County School Board, TJ, Coalition, District, Pacific Legal Foundation, Circuit, Thomson Locations: Washington , U.S, Virginia, Fairfax County, Alexandria, Constitution's, U.S, Richmond, Boston

☆ Disney isn't going to let DeSantis walk away from their feud unscathed as the governor desperately tries to reboot his campaign
▼ + stars: | 2023-08-18 | by ( Rebecca Cohen | Madison Hall | ) www.businessinsider.com time to read: +3 min

In a new court filing, Disney asks for damages and alleges Florida violated its contracts. It's the latest in a lawsuit in which the Florida board says Disney shouldn't have total power over its district. Disney said in the document that it "has fully complied with any and all of its obligations under the Contracts." The company alleged that the Florida board "repudiated its duty" to adhere to the contract. As the lawsuit between Disney and the Central Florida Tourism Oversight District continues to proceed, DeSantis has been on the presidential campaign trail.

Persons: Ron DeSantis, Disney, Bob Iger, DeSantis, Trump, who's Organizations: Disney, Gov, Service, Florida, CNN, DeSantis, District, Central, FiveThirtyEight Locations: Florida, Wall, Silicon, Reedy, Central Florida

☆ Idaho's Teacher of the Year fled the state after conservative parents attacked her for being an LGBTQ+ ally
▼ + stars: | 2023-08-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

An Idaho Teacher of the Year says she fled the state after conservatives and parents attacked her. She said she was harassed for her support for the LGBTQ+ community and Black Lives Matter. The teacher told The Boston Globe teachers are leaving the job because they don't feel valued. Karen Lauritzen, 44, told The Boston Globe she was named 2023 Idaho Teacher of the Year last September and started the school year with high hopes. It's to make kids into the best versions of themselves," Lauritzen told the Globe.

Persons: Karen Lauritzen, Lauritzen, baselessly, It's Organizations: Boston Globe, Service, Globe, Idaho Tribune, Conservative State, Trump, College Board AP Locations: Idaho, Wall, Silicon, Illinois, Post Falls , Idaho, Colorado, Florida

☆ Looming inflation report could hold an unpleasant surprise for markets
▼ + stars: | 2023-08-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The central bank district's Inflation Nowcast model points to a 0.4% rise that would equate to a 3.4% annual rate. "Rent could be an important source of a positive (moderating) surprise in July's CPI," Yardeni wrote. 'Sticky' inflation persists But inflation has proven more persistent than most policymakers, particularly those at the Fed, would have thought. In fact, the Atlanta Fed's sticky CPI is still at 5.8% on a 12-month basis — though 2.9% at an annualized pace — after peaking at 6.7% earlier this year. Moreover, Thursday's core CPI reading is expected to show core inflation running at a 4.7% annual level, just a tad below the June reading.

Persons: Dow Jones, it's, Ed Yardeni, Goldman Sachs, Morgan Stanley, Lisa Shalett, Shalett, Morgan, Yardeni, Jerome Powell, Andrew Hollenhorst, Hollenhorst, Solita Marcelli Organizations: Cleveland Federal Reserve, Yardeni Research, JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley Wealth Management, CPI, Cleveland Fed, UBS Locations: U.S, Atlanta

☆ Democratic Rep. Robert Garcia wants to make the rest of the country more like Long Beach, California
▼ + stars: | 2023-08-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Rep. Robert Garcia, a freshman Democrat from California, is a self-described urbanist. The former mayor of Long Beach has crowdsourced ideas for urbanist legislation. "I think a good city, good urbanism, is a dense core, it's walkable, it's bikeable, and there's also a focus on public transit," Garcia said in an interview. He wants to bring policies that have worked in Long Beach and California to the entire country. Garcia said he's made connections with fellow Democratic members who see eye to eye on housing, transportation, and other related issues.

Persons: Robert Garcia, it's bikeable, there's, Garcia, he's, Jake Auchincloss, Seth Moulton of, Greg Casar of, Sen, Brian Schatz, hasn't, I've Organizations: Service, Republican, DC, Department of Transportation, Democratic Locations: California, Long, Wall, Silicon, Long Beach, Long Beach and California, Seth Moulton of Massachusetts, Greg Casar of Texas, Hawaii

☆ DeSantis-controlled Disney World district abolishes diversity, equity initiatives
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +4 min

Diversity, equity and inclusion programs were abolished Tuesday from Walt Disney World's governing district, now controlled by appointees of Gov. The Central Florida Tourism Oversight District said in a statement that its diversity, equity and inclusion committee would be eliminated, as would any job duties connected to it. Also axed were initiatives left over from when the district was controlled by Disney supporters, which awarded contracts based on goals of achieving racial or gender parity. The district was controlled by Disney supporters for more than five decades. Before the new board came in, Disney made agreements with previous oversight board members who were Disney supporters that stripped the new supervisors of their authority over design and development.

Persons: Walt, Ron DeSantis, Glenton Gilzean, Gilzean, DeSantis Organizations: Walt Disney, Gov, Central, Disney, Central Florida Urban League, James Madison Institute, American Enterprise Institute Leadership Network, Improvement, Republican Locations: Orlando , Florida, U.S, Florida, Central Florida, American, Orlando

☆ Video shows a fireball erupting next to Moscow's glitzy skyscrapers as the capital's finance district is struck by drone attacks
▼ + stars: | 2023-07-31 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Footage shows a drone strike in Moscow causing a huge explosion in the capital's business district. The capital's mayor, Sergey Sobyanin, said on Sunday that two office buildings in Moscow were damaged by drone attacks, accusing Kyiv of carrying out the strikes. Russia's Ministry of Defense said Moscow's air defense systems destroyed one drone on Sunday, while jamming another two drones that lost control and crashed into a building. But Ukrainian President Volodymyr Zelenskyy referenced the drone attacks in his daily address on Sunday. Footage of the aftermath posted on Telegram and social media showed one of Moscow's skyscrapers clearly damaged from the strike.

Persons: Sergey Sobyanin, Sobyanin, Volodymyr Zelenskyy Organizations: Service, Storyful, Street Journal, RT, Russia's Ministry of Defense, TASS, ASTRA, Kremlin, United Nations Locations: Moscow, Russia, Wall, Silicon, Russian, Ukraine, Kyiv, State

Search resuls for: "district's"

25 mentions found