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☆ Former presidential candidate John Edwards was accused of funneling nearly $1 million in donor contributions to support his pregnant mistress and criminally charged with a campaign finance violation.
▼ + stars: | 2023-03-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

John Edwards was charged with campaign finance violations in 2011 related to his 2008 presidential run. Edwards was acquitted of one campaign finance violation charge — the others were dropped. The last time a presidential candidate was criminally charged for alleged campaign finance violations, John Edwards faced up to 30 years in prison and $1.5 million in fines. Edwards was John Kerry's vice presidential running mate in 2004 in the pair's losing race against George W. Bush and Dick Cheney prior to launching his own presidential campaign in 2008. "It's not illegal to be a pig," said Brett Kappel, a Washington campaign finance expert told The Washington Post at the time the charges were brought.

☆ Fact Check-Claim George Soros went missing in Geneva stems from satire account
▼ + stars: | 2023-03-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Billionaire philanthropist George Soros did not go missing in Geneva in early March, despite widely shared claims online. The unsubstantiated rumor appears to have stemmed from a satirical Twitter account. The earliest iteration of the claim online that Reuters could find stems from a satirical Twitter account (here), archived (archive.is/1xhn4). The claim appears to have stemmed from a satirical Twitter account. Spokespeople for Soros told Reuters that he is not missing and was not scheduled to speak at an event in Geneva on March 5.

☆ How universities became giant piggy banks for hedge-fund billionaires
▼ + stars: | 2023-03-08 | by ( Catherine Liu | ) www.businessinsider.com time to read: +14 min

The move also marked the beginning of a new way to manage endowment funds. The arrangement has been a boon for the hedge-fund managers who received university endowment cash, but the benefits for the schools are trickier to parse. As Eaton put it in his book, universities directed funds to "wherever those allocations would generate the largest further investment returns." Eaton estimated in 2017 that tax breaks for university endowments cost federal coffers up to $19 billion a year. As the influence of billionaires and hedge-fund managers has grown, universities have moved further away from their ultimate goal: educating people.

☆ Analysis: Netanyahu's balancing act got harder after post-summit violence
▼ + stars: | 2023-02-27 | by ( Maayan Lubell | ) www.reuters.com time to read: +5 min

On Monday, another suspected Palestinian shooting attack in the West Bank critically wounded one person, emergency services said. "It's now in his interest to show that he is clamping down on this kind of settler violence." "The U.S administration, which fosters this government, must end all these crimes," said the spokesman for Palestinian President Mahmoud Abbas. "One can see the Aqaba summit as a parable: the Americans announce that Israel has promised to freeze settlement construction, which Netanyahu then denies. "On the eve of the election Netanyahu was pondering the legacy he will have when he is reelected prime minister.

☆ Progress Shark, a 32-foot model of a great white wearing a rainbow leotard, is the breakout star of WorldPride in Sydney, Australia
▼ + stars: | 2023-02-19 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

A 32-foot model of a great white shark has become the unexpected mascot of WorldPride. It's been decked out in the colors of the Progress flag to mark WorldPride being held in Sydney. Even before it was officially unveiled on February 8, Progress Shark had become a viral sensation after Sydney WorldPride released a computer-generated preview. The Australian Museum tweeted that it was "blown away by all of the love" being shown for Progress Shark. Progress Shark now has its own fan account on Instagram — and it's sparked memes, fan-art, stickers, and even a miniature knitted version.

☆ Goldman Sachs says these stocks are too attractive to ignore in an uncertain economy
▼ + stars: | 2023-02-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs unveiled a slew of stocks this week that could have major upside throughout 2023. Howmet Aerospace Goldman Sachs is standing by its buy rating on the aerospace products company. "Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow," he said. Howmet remains well positioned in the commercial aerospace growth market, delivering critical components, taking market share, generating strong margins and cash ﬂow. The quarter was one of progress on multiple fronts, including margins, market share, and cash flow.

☆ Canaccord Genuity upgrades Generac, says generator builder stock can surge nearly 30%
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Generac is heading in the right direction after a bout of underperformance, according to Canaccord Genuity. On Wednesday, Generac reported a beat for quarterly per-share earnings and issued better-than-expected revenue guidance for the year. GNRC 5D mountain GNRC jumped after earnings Gianarikas said that marked the end to a difficult year punctuated by a negative earnings preannouncement in October. Gianarikas said dealer growth is key to fixing inventory levels and getting the company back to revenue growth in the short term. But there's also room for the company to growth, he said, specifically within the clean energy space.

HONG KONG, Feb 8 (Reuters) - The world should "calm down" about the possibility of new COVID-19 variants circulating in China, leading Chinese scientist George Gao said. "The world should completely calm down from the fear that there are new variants or special variants circulating (in China)," Gao, professor at the Institute of Microbiology at the Chinese Academy of Sciences and former head of the Chinese Center for Disease Control and Prevention (CDC), told Reuters. The variants causing infections in China were the same Omicron sub-variants - BA.5.2 and BF.7 - seen elsewhere in the world, he said by email. Gao said China was continuing widespread viral genomic sequencing, and would identify any new variants if they emerged. A total of 13 cases of variants were found, including 1 case of XBB.1, 5 cases of BQ.1.1, 1 case of BQ.1.1.17, 4 cases of BQ.1.2 and 2 cases of BQ.1.8.

HONG KONG, Feb 8 (Reuters) - The world should "calm down" about the possibility of new COVID-19 variants circulating in China, leading Chinese scientist George Gao said. "The world should completely calm down from the fear that there are new variants or special variants circulating [in China]," Gao, professor at the Institute of Microbiology at the Chinese Academy of Sciences and former head of the Chinese Center for Disease Control and Prevention (CDC), told Reuters. The variants causing infections in China were the same Omicron sub-variants - BA.5.2 and BF.7 - seen elsewhere in the world, he said by email. Gao said China was continuing widespread viral genomic sequencing, and would identify any new variants if they emerged. The authors said there were some limitations to the study, including China's decision to end large-scale mandatory testing.

☆ Rolls-Royce slumps as new CEO warns of 'last chance' to change
▼ + stars: | 2023-01-27 | by ( Sarah Young | ) www.reuters.com time to read: +3 min

According to the Financial Times, Tufan Erginbilgic told staff at Rolls-Royce's main British site in Derby, central England, that the company's performance was "unsustainable" and it faced a "last chance" to change. "He was honest about our financial underperformance compared with our peers," a Rolls-Royce spokesperson said in an emailed statement on Friday. Shares in Rolls-Royce, which before the Financial Times report were at their highest for about a year, lost 4% in morning trading. Rolls-Royce was plunged into crisis when most air travel stopped for months during the pandemic, and then recovered only slowly. Many rounds of restructuring and asset sales were already undertaken under prior CEO Warren East, putting to question just how much more can be implemented," Zhao said.

☆ Tesla shares pop over 10% on 'better than feared' earnings results, demand outlook
▼ + stars: | 2023-01-26 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Tesla shares are up over 10% in premarket trading on Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer's outlook. Tesla cut prices at the end of 2022 and into 2023, a move that seems to have sparked demand. We're currently seeing orders of almost twice the rate of production," Tesla CEO Elon Musk said on an investor call Wednesday. Tesla reported automotive revenue of $21.3 billion in the fourth quarter and adjusted earnings per share of $1.19. "Better than feared," wrote Canaccord Genuity analyst George Gianarikas in a Wednesday night note.

☆ U.S. Treasury's Yellen says IRS needs to be 'completely redone'
▼ + stars: | 2023-01-22 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

She said she decided to stay on as Treasury secretary in large part to oversee implementation of legislation like the Inflation Reduction Act, which included the IRS funding and passed on party lines last year. "That agency needs to be completely redone, and it’s a big task." Republicans sought unsuccessfully to slash tens of billions in IRS funding from the law. Yellen, 76, conceded that the split Congress reduced the chances of passing legislation to advance Biden's agenda, but said she still enjoyed the job. Asked about the debate with Congress over raising the debt ceiling, Yellen simply puts her hand to her forehead and sighs.

☆ Ron DeSantis just notched a win in court. But the judge says he still violated a prosecutor’s free speech rights.
▼ + stars: | 2023-01-20 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +15 min

In a statement posted on Twitter, DeSantis' office lauded the ruling without addressing those nuances. By suspending Warren, DeSantis also elevated the Democrat’s political profile in his own party. And no one in Hillsborough County was charged with violating that state law when Warren was the county prosecutor. Court testimony from DeSantis administration officials showed that the abortion letter was the major cause of Warren's suspension. Abortion was the only issue mentioned in the first draft of DeSantis' suspension order.

☆ An Alabama 'election denier' is leading efforts in the state to withdraw from a national organization that combats voter fraud
▼ + stars: | 2023-01-20 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +8 min

Alabama's top elections official is withdrawing the state from a nonprofit known as ERIC. Founded in 2012, ERIC began as a collaboration by election officials in seven states, four of them Republican. A powerful outlierOfficials, including Republicans, have credited the organization with helping clean up their voter lists and prevent fraudulent votes. A former state legislator, Allen was dubbed an "election denier" by the States United Democracy Center, a bipartisan group that promotes election integrity, over his support for overturning the results of the 2020 election. With or without Alabama, he said, ERIC will continue to focus on "improving the accuracy of America's voter rolls and increasing access to voter registration for all eligible citizens."

☆ Deutsche Bank downgrades Logitech, says computer and video businesses won't fare well in tough economy
▼ + stars: | 2023-01-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Logitech 's stock should fall tougher economic conditions hit personal computer and video spending, Deutsche Bank said Friday. Brown also lowered his price target by CHF14 to CHF54, which presents a downside of 4.7% over Thursday's close. The stock is down nearly 9% so far in 2023, even as the broader market has turned up to start the year. Industry research data IDC's PC tracker showed personal computer shipments were down 28% in the fourth quarter of 2022 compared with the same period a year prior. To be sure, Logitech sales have a historically low correlation to personal computer shipments, but Brown warned the correlation is growing stronger as the broader economic worsens.

☆ NY Republican leaders and lawmakers call on GOP Rep. George Santos to resign over campaign lies
▼ + stars: | 2023-01-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +8 min

“George Santos’ campaign last year was a campaign of deceit, lies and fabrication,” Nassau County GOP Chairman Joe Cairo said at a news conference with other party officials. But House Speaker Kevin McCarthy, R-Calif., said that Cairo’s call for Santos’ resignation doesn’t affect his thinking on the issue. The New York State Conservative party said it stands with the Nassau County GOP in calling for Santos’ resignation in a statement. It will work itself out in the end.”Nassau County GOP officials initially endorsed Santos in the 2022 election cycle. Wednesday's announcement from Nassau County officials also comes amid several investigations into Santos' campaign and other calls for him to resign.

☆ GOP Rep. Scott Perry, subject of Jan. 6 probes, declines to recuse himself from looking into those investigations
▼ + stars: | 2023-01-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +3 min

Rep. Scott Perry, R-Pa., pushed back Sunday when asked whether he would recuse himself from any House GOP investigation of federal probes into the events surrounding the Jan. 6 riot at the Capitol, despite being a subject of those investigations. Everybody in America is innocent until proven guilty,” Perry said in an interview on ABC's "This Week" with host George Stephanopoulos. Perry was pressed on whether any potential involvement in a new committee would pose a conflict of interest given that he was among those being investigated. “So, should everybody in Congress that disagrees with somebody be barred from doing the oversight and investigative powers that Congress has? Perry also came under scrutiny by the Jan. 6 committee, which referred him and three other House Republicans, including McCarthy, to the House Ethics Committee for defying the panel's subpoenas.

☆ Factbox: Highlights from Prince Harry's memoir 'Spare'
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +5 min

MADRID, Jan 5 (Reuters) - A Spanish-language version of "Spare", the much-awaited memoir of Britain's Prince Harry, went on sale in book stores in Spain on Thursday, days ahead of its official launch date. The book reveals details about Harry's relationship with his father, King Charles, his elder brother, Prince William, and other members of the British royal family that have never previously been published. As is usual for the royal family, spokespeople for Charles and William have declined to comment. William called Meghan "difficult", "rude" and "abrasive", Harry writes. CAMILLAHarry says that he and Prince William had asked their father not to marry Camilla Parker-Bowles, who is now Britain's queen consort.

☆ Nonprofit financed by billionaire George Soros quietly donated $140 million to political causes in 2021
▼ + stars: | 2023-01-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Fabrice Coffrini | AFP | Getty ImagesA nonprofit financed by billionaire George Soros quietly donated $140 million to advocacy organizations and ballot initiatives in 2021, plus another $60 million to likeminded charities. The Open Society Policy Center also doled out $138 million to advocacy groups and causes in 2020. All of the nonprofits fall under Soros' Open Society Foundations network, which spans the globe. Both of those groups are run by the billionaire's son Alexander Soros, who also sits on the boards of the Open Society Institute and Open Society Policy Center. Emerson Morrow, a spokesman for America Votes told CNBC that funding from the Open Society Policy Center "has provided critical support for America Votes' mission."

☆ Brazil to Reopen Fraud Case Against George Santos
▼ + stars: | 2023-01-03 | by ( Luciana Magalhaes | Samantha Pearson | ) www.wsj.com time to read: 1 min

Congressman-elect George Santos of New York, looking to the side, attended the opening session of the 118th Congress in the U.S. Capitol on Tuesday. SÃO PAULO—Brazilian authorities said they intend to reopen a criminal investigation into Rep.-elect George Santos of New York over charges that he committed check fraud in 2008 in Brazil—a case that had been suspended because police had been unable to find him. Mr. Santos, a 34-year-old Republican who takes his seat in Congress on Tuesday, has faced criticism in recent weeks from Democrats and prosecutors after admitting that he had lied to voters about his work and education history.

☆ Brazil is reviving a 2008 fraud case against Rep.-elect George Santos, who has been caught in a string of lies since his midterm victory
▼ + stars: | 2023-01-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Brazil is reviving a long-dormant fraud case against George Santos, The New York Times reported. A spokesperson for the Rio de Janeiro prosecutors office told The New York Times that authorities will be reviving a 2008 fraud case, which they dropped more than a decade ago after failing to locate him. Prosecutors in Brazil charged Santos with embezzlement over a decade ago, but the case was archived in 2013 because Santos could not be found to answer a court summons. Santos flipped a Democratic seat in New York to help Republicans clinch a narrow House majority in the November midterms. Santos added that he has never been charged with a crime in Brazil, or anywhere else.

The priest sex-abuse scandal was the albatross around the neck of Pope Emeritus Benedict’s brief eight-year reign as leader of the Roman Catholic Church, according to Vatican analysts. Like his predecessor, Pope John Paul II, Benedict also apologized to the victims and then took some steps to punish the predators. They say Benedict should have known better, because, before he became pope, he ran, for 24 year, the Vatican department that dealt directly with priest sex abuse allegations — the Congregation for the Doctrine of the Faith (CDF). “He had an inside view of what was going on,” said David Gibson, the director of the Center on Religion and Culture at Fordham University, who is the author of “The Rule of Benedict: Pope Benedict XVI and His Battle with the Modern World.” “His office dealt with these accusations. When John Paul II’s native Poland was part of the old Soviet bloc, accusations against priests were routinely dismissed as fabrications by the communist secret police to undermine the church.

☆ Housing market in the throws of a winter freeze, says Realtor.com Sr. Economist George Ratiu
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing market in the throws of a winter freeze, says Realtor.com Sr. Economist George RatiuGeorge Ratiu, Realtor.com senior economist, joins 'Power Lunch' to discuss the state of the housing market, how future rate hikes could impact home buying and how the housing market could look in two years.

☆ King Charles offers sympathy to those struggling with 'hardship' in first Christmas broadcast
▼ + stars: | 2022-12-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +2 min

Britain’s King Charles III offered sympathy to those struggling with “great anxiety and hardship” in his first Christmas broadcast as the U.K.’s monarch Sunday, amid a spiraling cost-of-living crisis. First broadcast in 1932, the message from the monarch has aired on television and radio in Britain and Commonwealth countries for the last 90 years. There has also been a series of walkouts by public workers over wages amid historic inflation. Ambulance and paramedic workers went on a strike earlier in the week and have another planned for Dec. 28. Prime Minister Rishi Sunak insisted his government has acted “fairly and reasonably” in public sector pay negotiations.

☆ King Charles invokes late Queen and faith in humanity in Christmas message
▼ + stars: | 2022-12-25 | by ( Sachin Ravikumar | ) www.reuters.com time to read: +4 min

LONDON, Dec 25 (Reuters) - Britain's King Charles invoked his late mother, Queen Elizabeth, in his first Christmas message to the nation as monarch and spoke of his faith in humanity at a time of "great anxiety and hardship". Charles said he shares with his "whole heart" his mother's faith in God and people. He was speaking from St George's Chapel, the final resting place of the late Queen and from where Elizabeth delivered a Christmas message in 1999. Charles, William and other royals on Sunday visited a church in Sandringam in eastern England, where the family traditionally spends the festive period. Reporting by Sachin Ravikumar Additional reporting by Toby Melville in Sandringham Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

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