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☆ Sam Bankman-Fried had a 'security incident' when 3 men drove into a metal barricade outside his parents' multimillion Bay Area home, his lawyer said
▼ + stars: | 2023-01-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried's lawyer said the ex-crypto mogul and his parents had been subjected to harassment and threats. This includes a recent "security incident" at his parents' Bay Area home, the lawyer said. "Recently, the Bankman-Frieds had a security incident at their home when a black car drove into the metal barricade set up outside their home," Everdell wrote. "This incident underscores the risk to the Bankman-Frieds' privacy and security," he said. In a filing from January 3, attorney Mark Cohen had said that Bankman-Fried's parents "have become the target of intense media scrutiny, harassment, and threats."

☆ Billionaire Mark Cuban has invested in yet another healthcare company: online pharmacy Truepill
▼ + stars: | 2023-01-20 | by ( Blake Dodge | ) www.businessinsider.com time to read: +3 min

Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. Truepill works with healthcare startups to send medications through the mail. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021.

☆ Pilots fail to cash in on air traffic revival -global survey
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

Jan 19 (Reuters) - A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many men and women in the cockpit have concerns over salary, a survey on Thursday said. More than half of pilots have not had a salary increase for five years, according to the global survey by aviation industry specialist Goose recruitment and FlightGlobal. By contrast, 73% of respondents in North America reported higher salaries, driven by fierce demand for pilots as traffic rebounds. Almost two-thirds of pilots said they want to change jobs for better pay and conditions in the next 12 months. “Pilots will want to see their pay return to what it once was," said Mark Charman, chief executive of Goose Recruitment.

The TGA is a liability on the Fed's balance sheet. This means that when the TGA goes down, reserves go up, effectively administering an injection of liquidity into the system. chartThis runs counter to the Fed's current stance of pursuing a tighter monetary policy, of which draining liquidity from the system via QT is a part. Mark Cabana, head of U.S. rates strategy at Bank of America, calculates that since the Fed's QT program got underway last May, the Fed's balance sheet has shrunk by $406 billion and the TGA has dropped $422 billion. "Fed QT to date has been largely absorbed by lower TGA," he and his team wrote in a recent note.

☆ Instagram rolls out ‘quiet mode’ for when users want to focus
▼ + stars: | 2023-01-19 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —Instagram on Thursday announced a new feature called “quiet mode,” which aims to help users focus and set boundaries with friends and followers. When the option is enabled, all notifications will be paused and the profile’s activity status will change to ‘In quiet mode.” If someone sends a direct message during this time, Instagram will automatically send an auto-reply notifying the sender that “quiet mode” is activated. While the feature applies to all users, Instagram appears to be focusing on teens. Instagram's new "quiet mode" intends to help users better focus when they want, such as during during school or office hours Courtesy InstagramAs part of that effort, the platform is also introducing features to give users more control over what shows up in their Explore feed. Another Instagram feature encouraged users to take a break from the app, such as suggesting they take a deep breath, write something down, check a to-do list or listen to a song, after a predetermined amount of time.

☆ Ana Walshe's husband searched for ‘10 ways to dispose of a dead body’
▼ + stars: | 2023-01-18 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +4 min

Brian Walshe entered the courtroom just before 9:20 a.m., wearing a grey shirt and handcuffs and standing behind a glass partition. Throughout the preceding, Brian Walshe looked around the room but showed little to no emotion. Greg Derr / Pool via APIn a lengthy statement, Brian Walshe's lawyer, Tracy Miner, claimed the media "has already tried and convicted Mr. If you or someone you know is experiencing domestic violence or the threat of domestic violence, call the National Domestic Violence Hotline for help at 1-800-799-SAFE (7233), or go to www.thehotline.org for anonymous, confidential online chats, available in English and Spanish. Advocates at the National Domestic Violence Hotline field calls from both survivors of domestic violence as well as individuals who are concerned that they may be abusive toward their partners.

☆ 4 ways to pay for the climate crisis, according to Al Gore and other leaders at Davos
▼ + stars: | 2023-01-18 | by ( Freya Graham | ) www.businessinsider.com time to read: +6 min

Panel speakers said philanthropy is often overlooked when thinking about the climate finance gap and that it could act as vital leverage. Michael Wilkins, executive director and professor of practice at the Centre for Climate Finance & Investment at Imperial College Business School, welcomed the comments made by panelists at Davos. "Philanthropy has been crucial in research and development for climate finance and its development," Wilkins told Insider. "The private sector has to join the public sector," Gore said. The solution is not just about scaling up climate investment, though, according to Gore.

☆ Why Mark Cuban called 'B.S.' on a 'Shark Tank' company that was on track to bring in $14 million last year
▼ + stars: | 2023-01-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Like Cabinet Health, Cuban's company Cost Plus Drugs offers generic drugs at a fraction of the cost charged by major pharmaceutical companies. Cuban put those instincts to work on Friday's episode of ABC's " Shark Tank ," when the billionaire told sustainable wellness company Cabinet Health's founders he was suspicious of their lack of profit. Cabinet Health, which launched in October 2019, wants to reduce and eventually eliminate single-use plastics in medicine. The co-founders entered negotiations seeking $500,000 for a 2.5% stake in Cabinet Health, which would value the company at $20 million. He offered $500,000 for 10% of Cabinet Health, which would value the company at $5 million.

☆ Mark Cuban: ‘People thought I was an idiot’ for launching the company I sold for billions
▼ + stars: | 2023-01-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. In 1995, Cuban was living off of the roughly $2 million in proceeds from the sale of his first tech company, MicroSolutions. But it was great timing for Cuban, who sold most of his stock before the market crashed. "[It's] the origin story of streaming," Cuban told CBS. I'll just turn on the radio,'" Cuban said on a 2021 episode of the "Starting Greatness" podcast.

☆ A string of Russian failures got scores of troops killed in a Ukrainian strike, and Moscow's reaction only made things worse
▼ + stars: | 2023-01-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Scores of Russian troops were killed over the New Year holiday in a Ukrainian HIMARS strike. A string of Russian command failures allowed the deadly attack to happen. If they did, it is unclear if Russian troops were explicitly told not to use their phones and did anyways, or if these rules were actually enforced. It backfired though, as Russian milbloggers expressed anger with Russian military leadership after it came out that Russia's claims were made up. The Ukrainian strike on Makiivka is not the only time where Kyiv has been able to take advantage of Russian command failures during the nearly 11-month-long war, either.

NEW YORK, Jan 12 (Reuters) - Eight major media outlets on Thursday asked the U.S. judge overseeing Sam Bankman-Fried's criminal case to make public the names of two people who helped guarantee the FTX cryptocurrency exchange founder's $250 million bond. Saying the public interest "cannot be overstated," lawyers for the outlets, including Reuters, said the public's right to know Bankman-Fried's guarantors outweighed their privacy and safety rights. Media seeking to identify Bankman-Fried's sureties also include the Associated Press, Bloomberg, CNBC, Wall Street Journal publisher Dow Jones, the Financial Times, Insider and the Washington Post. Cohen and Everdell also represented Maxwell in her criminal case. In seeking to keep the sureties' names under wraps, Bankman-Fried's lawyers said their client's parents, who co-signed the $250 million bond, had been harassed and received physical threats since FTX's early November collapse and bankruptcy.

☆ Russia Finds a New Target: Maps That Still Mark Crimea as Ukraine’s
▼ + stars: | 2023-01-12 | by ( Ann M. Simmons | Yuliya Chernova | ) www.wsj.com time to read: 1 min

MOSCOW—It could soon be an offense here to print any maps that don’t label Crimea and other parts of Ukraine as Russian territory. After waves of clampdowns and arrests, the Kremlin is again tightening the screws on any opposition to the war by backing a legislative amendment that would make it illegal to publish any maps that fail to mark as Russian land the peninsula and four other Ukrainian territories that Moscow says it annexed. Anyone who does could be fined up to 1 million rubles, or around $14,500, or spend 15 days in jail under proposals that have already received preliminary approval. Kremlin spokesman Dmitry Peskov told reporters Tuesday that although there are many questions about how to go about it, “it’s clear that all maps must be changed.”

☆ Mark Cuban predicts this will be the 'next possible implosion' in crypto—here's how to avoid it
▼ + stars: | 2023-01-12 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Billionaire Mark Cuban believes an age-old market manipulation tactic could be the next thing to rock the cryptocurrency industry. "I think the next possible implosion is the discovery and removal of wash trades on central exchanges," the longtime crypto investor tells TheStreet. A wash trade is when a trader buys and sells the same financial asset multiple times in order to generate fake volume and make it appear as if there is a high demand for the asset. This artificially inflated demand can mislead other traders into investing real money into the asset. Although wash trading has been illegal within traditional U.S. financial markets for decades, it's likely difficult to crack down on the activity within the crypto space.

There's a new heavy hitter in the hunt for planets beyond our solar system. NASA’s James Webb Space Telescope — the next-generation observatory that has already beamed back some of the clearest and most stunning views of the universe — was used for the first time to confirm the existence of an exoplanet, scientists announced Wednesday. The exoplanet confirmation marks an important milestone for the $10 billion Webb telescope, which launched into space in December 2021 and began science operations less than a year ago. “These first observational results from an Earth-size, rocky planet open the door to many future possibilities for studying rocky planet atmospheres with Webb,” Mark Clampin, director of the astrophysics division at NASA headquarters in Washington, D.C., said in a statement. “Webb is bringing us closer and closer to a new understanding of Earth-like worlds outside our solar system, and the mission is only just getting started.”

☆ Mark Cuban's pharmaceuticals startup ties up with RxPreferred
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Billionaire entrepreneur Mark Cuban's pharmaceuticals startup has tied up with pharmacy benefits manager RxPreferred Benefits, the companies said on Wednesday, in a move to offer lower priced drugs through some employer-backed health insurance plans. Mark Cuban Cost Plus Drugs provides generic drugs through direct contracts with manufacturers and charges a standard markup on every drug it sells. Under the partnership, RxPreferred Benefits' customers will have the option to use Mark Cuban Cost Plus Drugs as part of their health insurance plans. Mark Cuban Cost Plus Drugs in December partnered with EmsanaRx, a nonprofit coalition of nearly 40 companies including U.S. retailers Walmart (WMT.N) and Costco (COST.O), that operates a PBM service for employers. PBMs serve as intermediaries between drug manufacturers, health insurance plans and pharmacies to negotiate prescription drug prices.

☆ Mark Cuban says he doesn't need his billions: I'd ‘for sure’ be just as happy with 1% of my net worth
▼ + stars: | 2023-01-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Mark Cuban says he'd be just as happy today without as much as 99% of his estimated $4.6 billion fortune. In an interview with CBS's "Sunday Morning" on Sunday, the 64-year-old owner of the NBA's Dallas Mavericks was adamant that he doesn't need his billions. When asked if he'd be happy with "1% of what you're worth," Cuban replied, "Yes. One percent of $4.6 billion — Forbes's current estimate of Cuban's net worth — is still $46 million, a lot more than many people see in a lifetime. In 1999, Yahoo paid $5.7 billion in stock to acquire the company, turning Cuban into an instant billionaire.

☆ Engineer saw how diapers were made, thought she could do better—now she has a $250,000 'Shark Tank' deal
▼ + stars: | 2023-01-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

In 2012, Amrita Saigal quit her dream job. In 2021, she launched Los Angeles-based Kudos, which makes disposable diapers from cotton and other sustainable materials — and on Friday's episode of ABC's "Shark Tank," she scored a $250,000 investment in Kudos from Mark Cuban and guest Shark Gwyneth Paltrow. Saigal also expressed plans to launch new products, including trainer swim shorts and adult sanitary products. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank." Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss:This ‘Shark Tank’ side hustle had almost zero revenue — here’s why Mark Cuban invested anyway17-year-old ‘Shark Tank’ contestant made slime in his garage, sold it to his friends, brought in $1 million in just 3 years

☆ Sam Bankman-Fried’s Lawyers Are Veterans of Ghislaine Maxwell and ‘El Chapo’ Cases
▼ + stars: | 2023-01-09 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord “El Chapo” and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell , former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser, are known for an unflashy, roll-up-their-sleeves style to cases, with a meticulous and persistent approach to building a defense, lawyers who know the men say. The pair are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX’s collapse and secured two of his former top lieutenants as cooperating witnesses.

☆ Sam Bankman-Fried’s Defense Team Led by Battle-Tested Lawyers
▼ + stars: | 2023-01-09 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord El Chapo and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell , former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser, are known for an unflashy, roll-up-their-sleeves style to cases, with a meticulous and persistent approach to building a defense, lawyers who know the men say. The pair are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX’s collapse and secured two of his former top lieutenants as cooperating witnesses.

☆ This restaurant started as a Mexican beach-side taco stand in a $3,000 VW bus—soon, it could come to a block near you
▼ + stars: | 2023-01-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Today, it's a fast-casual Mexican restaurant chain with 15 locations across New York, Miami and Washington, D.C. That's a far cry from Tacombi's beach days, which started when Wolos bought his 1963 green VW "bus" in Mexico City for $3,000. Wolos converted the van into a mobile restaurant where he sold his first tacos, he told Total Food Service in November. He wrote a business plan for a restaurant chain concept called "Taco Rex" where he'd sell Mexican food that was, to him, actually Mexican. "I saw that Taco Bell, Chipotle and Old El Paso and all these legacy brands of Mexican food weren't connecting people to this side of Mexico."

☆ Grammy winner is fatally shot by police after allegedly holding his wife and stepdaughter at gunpoint
▼ + stars: | 2023-01-06 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

NASHVILLE, Tenn. — A Grammy-winning sound engineer accused of kidnapping and threatening his wife and stepdaughter at gunpoint in Tennessee was fatally shot by police, authorities said. A Metro Nashville Police officer killed Mark Capps, 54, during an encounter Thursday at the man’s home in the Hermitage neighborhood, agency spokesman Don Aaron said. Officers had gone to the home to arrest Capps on warrants charging him with two counts each of aggravated assault and aggravated kidnapping, Aaron said. via WSMVHis 60-year-old wife and 23-year-old stepdaughter told police he had held them in the home at gunpoint early Thursday, police said. Capps’ website says he is a multi-platinum Grammy award-winning engineer/mixer/producer.

☆ 'Contagion risk': After the FTX collapse, top U.S. regulators warn banks about crypto
▼ + stars: | 2023-01-06 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Without mentioning recent implosion of the crypto exchange FTX by name, regulators said that due to poor oversight, crypto-asset companies are a "contagion risk" for banks. They cited other concerns, too, such as frauds or scams, legal uncertainties around custody of crypto assets, and misleading statements by crypto firms. Federal bank regulators warned banks about investing in crypto this week, in what might be a prelude to more aggressive regulations to come. While regulators warned that "risk management and governance practices" in crypto space lack "maturity and robustness," they stopped short of announcing new rules or regulations for banks that invest in crypto assets. Much more needs to happen when it comes to regulation, Schwed adds, but he doesn't expect "anything sweeping" this year.

House Dem whip says caucus will keep voting in speaker race House Democratic whip Rep. Katherine Clark, D-Mass, said her caucus will stick around and continue voting in the speaker race. Davidson suggested there are "a couple procedural paths" where McCarthy could become speaker if Republicans changed the threshold needed to win the election. The polarization is too great.” Cole said that for all the House GOP divisions, “there’s no question” that most members in the caucus are closer in policy and vision to the anti-McCarthy rebels than they are to centrist Democrats. As Biden celebrated an upgrade to an aging bridge linking Kentucky and Ohio, House Republicans deadlocked on the basic task of electing a speaker, foreshadowing what is likely to be two years of infighting. The McCarthy-aligned Congressional Leadership Fund and the conservative Club for Growth agreed to not pick sides in some competitive House GOP primary races in exchange for supporting McCarthy's bid for speaker.

☆ What Is a Dynamic Warm-Up and What Exercises Should It Include?
▼ + stars: | 2023-01-05 | by ( Cindy Kuzma | ) www.nytimes.com time to read: +1 min

But in recent years, exercise science has coalesced around a better way to prepare your body for exertion: the dynamic warm-up. Research suggests dynamic warm-ups improve agility, speed and overall performance for a wide range of sports, including tennis, baseball and running. In a fast-moving, direction-changing sport like soccer, a tailored dynamic warm-up lowered the odds of getting hurt by about 30 percent in one 2017 research review. Dynamic warm-ups bridge the gap. Chances are, you’ve updated your workout gear since middle-school gym class — here’s how to modernize your warm-up, too.

Persons: —, Alvaro López Samanes, who’s, they’re, ”, Emily Hutchins Organizations: Universidad Francisco de Vitoria, Research, Olympic Locations: Madrid, Chicago

☆ Billionaire Mark Cuban warns the next crypto implosion could come from 'wash trades,' report says
▼ + stars: | 2023-01-05 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Billionaire Mark Cuban thinks the next crypto meltdown could stem from wash trades. Wash trades are a form of pump-and-dump scheme to artificially generate interest around a crypto token. "I think the next possible implosion is the discovery and removal of wash trades on central exchanges," he told The Street. Wash trades are a type of pump-and-dump scheme that involve creating artificial interest in a financial asset, in this case a cryptocurrency. The report also said that in 12 "tier-2 exchanges," wash trades accounted for nearly 80% of the total trade volume.

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