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☆ Sorry crypto world, but SEC isn’t backing down on ‘regulation by enforcement’
▼ + stars: | 2023-02-08 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Right now, Wahi argued, crypto users are simply left guessing about their exposure to SEC enforcement — and that's not sustainable. That strategy, Hodl Law asserted, didn't give token-holders fair notice about whether their coins are securities. Otherwise, Hodl Law said, Ethereum users have no idea if the SEC will swoop in with an enforcement action. The SEC also said that it's not obliged to warn crypto users about its interpretation of securities laws. It also, however, provides the first robust explanation of an argument I expect to see more often in SEC crypto cases: SEC enforcement, according to Wahi, is precluded by the Supreme Court’s recently articulated major questions doctrine.

☆ The largest hedge fund in the world just named a 37-year-old woman as a co-CIO. Meet the top 11 execs leading Bridgewater into its new era.
▼ + stars: | 2023-02-02 | by ( Alyson Velati | Michelle Abrego | ) www.businessinsider.com time to read: +12 min

Karen Karniol-Tambour will join co-CIOs Greg Jensen and Bob Prince to oversee the hedge fund's investment strategy. Despite a breakout year for many multi-strategy and macro hedge funds, Bridgewater lagged behind its peers. Nir Bar Dea, co-CEOBar Dea. Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Since joining Bridgewater in 1986, he has been a partner in building the hedge fund's investment process and products.

☆ The Taliban requires all mannequins' heads be covered or cut off. Eerie storefront photos offer a glimpse of Afghanistan's new reality.
▼ + stars: | 2023-01-31 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

In Kabul, the capital of Afghanistan, mannequins were once a symbol of fashion and culture. But in the past year, shop owners have resorted to displaying them headless or covered in cloth, just to keep their stores open. AP Photo/Ebrahim NorooziIn August 2021, the Taliban announced that shop owners must remove the heads of their mannequins, or do away with them all together. But several shop owners pleaded with the Taliban to let them keep their mannequins intact. Azizi told Insider that the Taliban forced locals to deface banners displaying photos of fashion models before trying to totally ban the use of mannequins.

☆ The Taliban requires that all mannequins' heads be covered or cut off. Interviews with locals and eerie photos of storefronts offer a glimpse of Afghanistan's new reality.
▼ + stars: | 2023-01-31 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

Against a backdrop of slowing economic activity and demand, these "base effects" strongly suggest broader inflation has peaked and could fall rapidly in the coming months. Gregory Daco, chief economist at EY-Parthenon, reckons that these disinflationary dynamics will intensify, so much so that headline U.S. consumer price inflation may fall below 2% by the end of this year. Brent oil is below $80 a barrel, and on Wednesday its year-on-year price differential turned negative for the first time in two years. This trend is likely to continue due to base effects - Brent hit a 14-year peak around $130/bbl last March and was above $100/bbl as recently as July. According to the Bureau of Labor Statistics, the non-seasonally adjusted average monthly rate of consumer price inflation in the first half of last year was 1%.

☆ Boies law firm makes odd moves in FTX case against Tom Brady, celebs
▼ + stars: | 2022-12-15 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

That was apparently not what the Boies and Moskowitz firms were hoping. In mid-November, the firms filed the first of their three FTX lawsuits in federal court. On Nov. 21, the Boies and Moskowitz firms filed a second FTX class action, this time on behalf of non-U.S. FTX customers. The day after Bloom’s assignment to the case, the Moskowitz and Boies firms voluntarily dismissed the two previously-filed FTX class actions before Moore and Gayles. “As we got more cases, we filed more cases,” Moskowitz said.

[1/2] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. Ellison, who ran trading firm Alameda Research, has hired Washington-based law firm Wilmer Cutler Pickering Hale and Dorr to represent her, a source familiar with the matter told Reuters. Semafor previously reported Mills' advisory work for Bankman-Fried. FTX secretly transferred customer funds to its affiliate Alameda Research to fill a shortfall at the crypto trading firm, Reuters has previously reported. The Wall Street Journal has previously reported that Ellison and senior FTX officials knew the crypto exchange had dipped into its customer funds to help Alameda meet liabilities.

☆ Biden at 80: A ‘respecter of fate’ considers a second White House bid
▼ + stars: | 2022-11-20 | by ( ) www.cnbc.com time to read: +14 min

US President Joe Biden disembarks from Air Force One upon his arrival at the airport of Egypt's Red Sea resort city of Sharm El-Sheikh, to attend the COP27 climate conference, on November 11, 2022. It's soon time for Joe Biden, 80 on Sunday, to decide whether he has one more mountain to climb — the one to a second term as president. Getty: President Joe Biden gives remarks on student debt relief at Delaware State University on October 21, 2022 in Dover, Delaware. "While President Biden may chronologically be 80 years old, biologically he probably isn't," he said. U.S. President Joe Biden smiles during a rally with Democratic nominee for Maryland Governor Wes Moore, U.S.

☆ Would Twitter get online publisher immunity in fake 'blue check' suits?
▼ + stars: | 2022-11-14 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

(Reuters) - Twitter Inc’s introduction last week of a new subscription system to dole out blue-check verification badges was a flop by any standard. Edelson's preliminary theory: By awarding verification badges to the fake corporate tweeters, Twitter enabled the imposters to trick consumers and even shareholders. (Eli Lilly and Co and Lockheed Martin Corp both experienced sharp, if temporary, stock drops after tweets from corporate accounts that carried the blue-check verification.) Twitter also did not respond to my email query about potential private lawsuits arising from last week’s fake tweets. What about shareholders or consumers who claim to have been duped by tweets from fake corporate accounts?

☆ Godiva accused of post-settlement meddling with claims in Belgium chocolate class action
▼ + stars: | 2022-11-11 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

At issue is the settlement claims process, funded by Godiva and executed by Kroll Notice Media Solutions. According to class counsel, Godiva recently directed Kroll “to conduct several additional rounds of review” of class claims that had already been validated. Adding to the intrigue: In September, class counsel told Preska that Godiva had informed them that the company did not have enough money to pay class members. It's also rare, Frank said, for class counsel to ask a judge to get involved in the post-settlement claims administration process. Read more:State AGs, objectors hoist red flags in proposed Godiva class actionOur Standards: The Thomson Reuters Trust Principles.

☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
▼ + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com time to read: +14 min

Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

☆ Meta refuses to give up on campaign to disqualify FTC chair
▼ + stars: | 2022-10-20 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Her previous expressions of her policy views about alleged big tech monopolists, Boasberg said, did not require Khan’s recusal under the standard for federal prosecutors. (The petition and stay motion are not in the FTC docket but are exhibits in the preliminary injunction case.) We know this from an Oct. 6 letter from the FTC to Weil Gotshal in the administrative proceeding. Remember, Meta is not asking Davila to order Khan off either the preliminary injunction case or the administrative proceeding. We’ll know more about whether the stratagem accomplished anything when the preliminary injunction case goes to a hearing in December.

☆ How Amazon’s big private-label business is growing and leaving small brands to protect against knockoffs
▼ + stars: | 2022-10-12 | by ( Katie Schoolov | ) www.cnbc.com time to read: +10 min

Peak Design CEO Peter Dering compares his company's Everyday Sling Bag to the Amazon private label version at his San Francisco headquarters on September 6, 2022. A selection of some of Amazon's 118+ private label brands as of October, 2022. Then there are specialty firms that only do private labels, and some store brands have their own devoted manufacturing facilities. By comparison, private labels make up a whopping 77% of Aldi's sales, followed by Trader Joe's at 59% and Wegmans at 49%. A variety of Amazon's private label goods are shown on September 29, 2022.

☆ The US is moving one step closer to letting Americans file their taxes online for free directly to the IRS, cutting out private companies like TurboTax and H&R Block
▼ + stars: | 2022-09-15 | by ( Joseph Zeballos-Roig | Juliana Kaplan | ) www.businessinsider.com time to read: +3 min

The US is moving closer to setting up a free federal tax-filing system. The US is inching closer to modernizing how Americans file their taxes and breaking the grip that private tax-prep companies, like TurboTax and H&R Block, have over the process. Within the Inflation Reduction Act, which passed with only Democratic votes last month, $15 million was set aside for the Treasury Department to study a free federal tax-filing website. That's resulted in a massive backlog of unprocessed tax returns that the IRS is still trying to clear out. The Inflation Reduction Act is set to ease some of that pain, with Democrats directing $80 billion toward the IRS.

☆ We spoke with 21 of Matt Gaetz's high-school classmates. Some say they could have predicted the congressman's sex scandal.
▼ + stars: | 2021-04-14 | by ( Robin Bravender | ) www.businessinsider.com time to read: +16 min

His high-school classmates are gossiping about him on their Facebook alumni group. Insider interviewed 21 of Gaetz's former classmates this month, including alumni from his Niceville High School graduating class of 2000 and members of Gaetz's high-school debate team. Gaetz's high-school classmates have been gossiping about him in a Facebook alumni group. Defining 'archipelago'Some of Gaetz's high-school classmates also knew him from his days in middle school. In high school, Gaetz "thought he was smarter than the teacher," Donahoo said.

☆ Университеты Лиги плюща предлагают всем желающим пройти обучение на бесплатных онлайн курсах
▼ + stars: | 2020-12-10 | by ( ) ru.diez.md time to read: +1 min

Университеты Лиги плюща предлагают всем желающим пройти обучение на бесплатных онлайн курсахУниверситеты Лиги плюща (Ivy League) предлагают всем желающим пройти обучение на одном или нескольких бесплатных онлайн курсах, пишет st-gr.com. В Лигу плюща входят восемь учреждений высшего образования: Брауновский университет (Brown University), Гарвардский университет (Harvard University), Дартмутский колледж (Dartmouth College), Йельский университет (Yale University), Колумбийский университет (Columbia University), Корнеллский университет (Cornell University), Пенсильванский университет (University of Pennsylvania), Принстонский университет (Princeton University). Курсы можно пройти в таких категориях:# компьютерные науки;# бизнес и управление;# гуманитарные науки;# искусство и дизайн;# наука;# здоровье и медицина;# математика;# образование и педагогика;# инженерное дело;# программирование;# личное развитие. Для обучения, необходимо перейти по ссылке выбранного курса и зарегистрироваться (нажать на кнопку – GO TO CLASS). Язык обучения – английский.

Organizations: Ivy League, Brown University, Harvard University, Dartmouth College, Yale University, Columbia University, Cornell University, University of Pennsylvania, Princeton University, Лига плюща, Брауновский университет ( ), Гарвардский университет, Дартмутский колледж, Йельский университет, Колумбийский университет ( ), Корнеллский университет, Пенсильванский университет, Принстонский университет

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