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Rapp, watching Spacey accept his prize, threw a pencil at the screen, he testified this week. Spacey’s lawyers have tried to convince the jury of six men and six women that Rapp fabricated his claim in large part because he was bitterly envious of their client's success. Rapp, they contend, desperately wanted Spacey’s career: the hit films, the plum roles, the two Oscars. But through the first five days of the trial in downtown Manhattan, Rapp’s alleged jealousy has been a recurring and striking theme. “I wanted my career.”Warrington Parker, a San Francisco trial attorney, and Danny Cevallos, an NBC News legal analyst, both described the jealousy argument as a high-risk bet for Spacey’s lawyers.
What appear to be "multiple” human remains were found partially submerged in a river in the small Oklahoma city of Okmulgee Friday, nearly a week after the disappearance of four adult friends, authorities said Friday. It wasn’t clear if the remains were of the four men, Okmulgee Police Chief Joe Prentice told reporters. Prentice said he notified the families of the missing men, who were last seen Sunday night leaving a home by bicycle, even though the remains haven’t been identified. The department on Tuesday named the missing men as Mark Chastain, 32; Billy Chastain, 30; Mike Sparks, 32; and Alex Stevens, 29. That data showed them traveling east, then south, Prentice said, adding that authorities hadn't been searching in the area where the remains were discovered.
President Joe Biden has stood by his son Hunter as he reportedly awaits possible criminal charges. But the White House faces a complicated communications challenge if federal agents move forward. But the White House faces a complicated communications challenge if federal agents investigating Hunter Biden move forward with charges against him on tax crimes and a false statement on a gun application. Experts say one thing the White House must not do is contact the Justice Department about the case. Republicans are itching to investigate Hunter Biden if they win control of Congress in the midterm elections.
Central banks get sucked into financial black hole
  + stars: | 2022-10-14 | by ( Edward Chancellor | ) www.reuters.com   time to read: +7 min
Central bankers around the world want to bring inflation down by returning interest rates to “normal” levels. As a result, the average UK mortgage has grown to 3.4 times average income, up from 1.5 times in the early 1980s, according to housing analyst Neal Hudson. But it’s left many homeowners extremely vulnerable to higher interest rates. As a result, the government’s fiscal position is more exposed to interest rate fluctuations. As a financial black hole opens up, central banks will be forced to stop tightening.
When Mark Cuban was in his 20s, he wanted to get rich and retire by age 35. He succeeded at the first part: At age 32, Cuban sold his first company, a computer consulting business called MicroSolutions, for $6 million. "I'm not retired because I'm too competitive," Cuban said. O'Leary promptly retired at age 36, and ultimately regretted it. "If I'm 25 and I'm doing this again, I'm probably [thinking], 'OK, what can I do to get acquired?'"
Hundreds of University of Florida students held protests this week criticizing the anticipated appointment of Sen. Ben Sasse, R-Neb., to lead the school. Sasse has said that as university president, he would do his best to represent the views of lesbian, gay, bisexual, transgender and queer students. But for some, his candidacy has called to mind the university’s anti-LGBTQ history and the extent to which many of them feel it continues to sideline their needs and experiences, four LGBTQ students told NBC News. The university’s LGBTQ+ Affairs office, for example, has a high staff turnover rate, he said. He said a “silver lining” of the protests was that many LGBTQ students made their concerns more widely known.
Cynt Marshall said when Mark Cuban called to offer her the job of Mavericks CEO, she thought it was one of her kids asking for money. Marshall has been CEO of the Mavericks since 2018 and is the first black female CEO in the NBA. Marshall has been CEO of the Dallas Mavericks, which is owned by Mark Cuban, since 2018. She is the first black female CEO in NBA history. "First of all, when Mark Cuban called me - okay, don't judge me - I didn't know Mark Cuban," she said.
In an interview with the Los Angeles Times, Monae said she uses both she/her and they/them pronouns. Jerrod CarmichaelJerrod Carmichael accepts Outstanding Writing for "Jerrod Carmichael: Rothaniel" at the 74th Primetime Emmys in Los Angeles, on Sept. 12, 2022. Charlee CorraCharlee Corra speaks at Human Rights Campaign dinner on March 12, 2022 in Los Angeles. Ellia GreenEllia Green, right, with his partner Vanessa Turnbull-Roberts and their daughter in Sydney, Australia, on Aug. 15, 2022. Blair came out publicly this year after serving as a consultant for Amazon Prime’s very queer TV reboot of the decades-old film.
Then, he landed his first job in tech as a PC software salesperson at a company called Your Business Software. But in an old blog post, which Cuban recently shared on Twitter, the billionaire revealed he almost didn't land the consequential role. The interviewers weren't impressed, Cuban wrote, until he answered one question: "What do you do if a customer has a question about a software package and you don't know the answer?" "Ding ding ding… [the interviewer] just loved the answer." Cuban didn't know it was a trick question, so he answered it honestly, stumbling into the correct answer.
He makes passive income through licensing his digital courses, monetized YouTube content, and book royalties. Patel says many people overlook passive income from high-yield savings accounts. Patel tapped into a lucrative source of passive income that earns $150,000 per year, according to records reviewed by Insider. Aside from digital courses, he has six other passive income streams that help him earn an extra $250,000 on top of his physician's salary. Digital coursesPatel invested 10 years into perfecting his digital courses, and it paid off.
Potentially, that marks the start of a reversal from this year's pattern, which has seen sharp outflows from high yield funds. High yield bond funds have been beaten down this year, like the rest of fixed income. FlexShares' offerings include the actively managed High Yield Value-Scored Bond Index Fund (HYGV) and the ESG & Climate High Yield Corporate Core Index Fund (FEHY) . To be sure, growing concerns about bankruptcies can hurt high yield investors, even if they never materialize. Because the underlying companies are also essentially investment funds, investors are paying management for both the companies and the ETFs.
Mark Carney attends a news conference at the Bank Of England in London, March 11, 2020. Peter Summers/Pool via REUTERSLONDON, Sept 29 (Reuters) - Former Bank of England governor Mark Carney criticized the new British government's plan to cut taxes for under-cutting the attempts of the central bank to curb inflation and sowing chaos in financial markets. "Unfortunately having a partial budget, in these circumstances - tough global economy, tough financial market position, working at cross-purposes with the Bank - has led to quite dramatic moves in financial markets," Carney told the BBC in an interview broadcast on Thursday. The pound sank and British government bond yields soared, forcing the BoE to revive its bond-buying programme in an emergency move on Wednesday to shore up pension funds. read moreRegister now for FREE unlimited access to Reuters.com RegisterWriting by William Schomberg; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.
“While this is welcome, the fact that it needed to be done in the first place shows that the UK markets are in a perilous position,” said Paul Dales, chief UK economist at Capital Economics, commenting on the bank’s intervention. “It wouldn’t be a huge surprise if another problem in the financial markets popped up before long,” Dales added. The UK government should also postpone its tax cuts, El-Erian said. We look like reckless gamblers who only care about the people who can afford to lose the gamble,” one former Conservative minister told CNN. “Truss and Kwarteng are now facing a severe economic crisis as the world’s financial markets wait for them to make policy changes that they and the Conservative party will find unpalatable,” the Eurasia analysts wrote.
LONDON, Sept 29 (Reuters) - British Prime Minister Liz Truss broke her silence on Thursday following nearly a week of chaos in financial markets triggered by her plans for tax cuts, saying she was willing to take "controversial" decisions to reignite growth. Register now for FREE unlimited access to Reuters.com Register"But I'm prepared to do that as prime minister because what's important to me is that we get our economy moving." Truss became prime minister on Sept. 6 after winning the leadership of the governing Conservative Party with promises to cut taxes. "This is the right plan that we've set out," Truss said, adding it would put Britain's economy on a better trajectory for the long term. Some financial analysts have said the government might have to bring forward that announcement to settle the nerves of investors.
Morning Bid: Dysfunction and intervention
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +5 min
Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening. Cold comfort maybe, but enough to drag bond yields back and lift stocks briefly around the world. While 30-year gilt yields steadied just below 4% on Thursday after their 100bp swoon the previous day, the pound was sliding again and UK midcap stocks dropped. read moreEasing inflation in Spain was better news read more . Market leader Inditex (ITX.MC), the owner of Zara, slipped 2.2%, while the wider STOXX retailers index <.SXRP> slid 4.3%.
When Mark Cuban says he loves inspiring people — even kids — to start their own business, he can relate: The billionaire investor got his own start with a side hustle at age 12. The topic comes up more than you might expect, Cuban says: His favorite part of being on ABC's "Shark Tank" isn't how much money he makes from his investments, or even the platform the show gives him. It's how the show inspires other people to start their own business — no matter how old they are. That's because the show goes beyond seeing other people start businesses on TV: Viewers also get a mini-business tutorial with each televised pitch, he said. "Maybe they don't have a business education, but you can learn so much watching 'Shark Tank,'" Cuban said.
“After years of neglect, Jackson’s water system finally reached a breaking point this summer, leaving tens of thousands of people without any running water for weeks. Lumumba said Monday that his administration intends to cooperate with federal officials. In late 2019, the state Health Department notified the EPA about concerns with the city’s water system. An inspection by the EPA raised alarms about problems, including not having enough properly credentialed staff members at the city’s water treatment plants. Mark Chalos, an attorney who filed the most recent class-action lawsuit, said many Jacksonians remain suspicious of the city’s water quality.
Now, she has two new business partners and a "Shark Tank" deal: During the episode, Barbara Corcoran and Robert Herjavec gave Farzin a combined $600,000 for 10% of Oogiebear. The investors promised to give up half of that equity if the company doesn't hit $400 million in sales within two years. So she took $22,000 from her savings, quit her full-time pharmacist job and founded Potomac, Maryland-based Oogiebear. On Friday's episode of ABC's "Shark Tank," Farzin told investors how far she'd come: Since launching her booger-removal business, Oogiebear had made $15 million in revenue. But Farzin stayed focused on Corcoran and Herjavec, asking them for a combined $600,000 instead.
A federal judge said patriotism is not standing up for a man "who knows full well that he lost." Judge Amy Berman Jackson noted the recent increase in threats to law enforcement officials. Her comments came as she sentenced a Capitol rioter to more than seven years in prison. For one federal judge, that rhetoric merited a message of deterrence on Tuesday. At the sentencing of a Capitol rioter, Judge Amy Berman Jackson rebuked Republican leaders for "cagily predicting or even outright calling for violence in the streets if one of the multiple investigations doesn't go his way."
After 13 seasons on ABC's "Shark Tank," Mark Cuban estimates that he's had about as many hits as misses. Cuban says his "Shark Tank" deals aren't always solely about bringing in big financial returns. "I'm good with that with my 'Shark Tank' companies," Cuban wrote on Twitter in July. In July, Cuban told the "Full Send" podcast that he's taken a net loss on all of his "Shark Tank" investments so far. But that doesn't account for all the ongoing, operating businesses and their valuations," Cuban told CNBC Make It at the time.
Dude Wipes expanded into deodorant and body wash — something the brand now says was the wrong move. In 2019, the founders of Dude Wipes took what they thought was a major step forward: They extended their brand from solely toilet wipes into body wash and deodorant. So far, Dude Products has eschewed most investors. When COVID struck, demand for the brand's signature Dude Wipes took off. "When the toilet-paper rush happened, everybody's buying as many Dude Wipes as they can get from us," Riley said.
Almost four decades ago, a 25-year-old Mark Cuban had a goal: He wanted to retire within 10 years. "I'm too competitive," Cuban said, adding that this mindset it exactly what's propelled him to a long and successful career. "I wanted to retire by the time I was 35, and so that drove the decisions that I made." Nearly two-thirds of people from ages 57 to 66 retire early, even though the average wealth for that age bracket is $144,000. "If I'm 25 and I'm doing this again, I'm probably [thinking], 'Okay, what can I do to get acquired?'"
The main challenge the Russian military faces after almost seven months at war looks likely to remain a basic one: manpower. Russia had about 1 million active personnel at the start, according to the institute’s estimates, though it did not dedicate all its troops to Ukraine. Both of these have made it hard to identify how the new additions to the Russian military could be trained or used effectively in this war. ‘New territory takes time’The “partial mobilization” comes after Ukraine’s successful counteroffensive broke through Russian lines outside Kharkiv, Ukraine’s second most populous city. The military support of mobilization and the veneer of territorial security that annexation could provide will likely take a while, however.
With the Inflation Reduction Act signed into law, there could be more postings for green energy jobs. Curtis pointed out that many of the green job postings fall in "red" areas of the US, such as in parts of Texas. "Future environmental legislation is more likely to pass if the green energy transition is perceived as helping these regions." Curtis told Insider one takeaway of his and his co-author's research is just how large growth in these green energy jobs has been since 2007. And more clean or green energy jobs could be made as a result of the Inflation Reduction Act.
Jack Sweeney said Facebook shut down his page that tracks Elon Musk's jets. "Really @Facebook," Sweeney tweeted. The billionaire told Sweeney he was concerned for his safety and didn't "love the idea of being shot by a nutcase." Sweeney previously told Insider that he countered Musk's offer, asking for $50,000 instead, but Musk declined. Earlier this year, he told Insider he stopped tracking Mark Cuban's jets on Twitter after the billionaire investor reached out and offered him business advice in exchange.
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