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Yet 16 Nobel Prize-winning economists are warning that Trump’s proposals wouldn’t just fail to fix inflation — they would make matters worse. “We the undersigned are deeply concerned about the risks of a second Trump administration for the US economy,” the economists wrote in the Tuesday letter, which was first reported by Axios. The letter, organized by famed economist Joseph Stiglitz, argued there are valid reasons to worry the Trump agenda will “reignite” inflation. Republican presidential candidate former President Donald Trump speaks at the Road to Majority conference in Washington, Saturday, June 22, 2024. Jae C. Hong/Pool/APIn the letter, the 16 Nobel economists expressed concern about the rule of law and stability if Trump wins the White House again.
Persons: Donald Trump, Trump, Axios, Joseph Stiglitz, Trump’s, Manuel Balce Ceneta, Joe Biden, , Stiglitz, , Biden, Jae C, “ Donald Trump, Robert Shiller, Paul Romer, George Akerlof, Janet Yellen, Biden’s, Joe, Donald Trump’s, ” Karoline Leavitt, don’t, Harry Enten, Moody’s Organizations: CNN, Peterson Institute, Oxford Economics, Allianz, Republican, AP Trump, Congressional, Federal Reserve, Trump, World Bank, Biden, ABC, Voters Locations: Washington, China, U.S, Mexico, Nogales, Ariz
Some experts estimate that those practices could affect access to birth control for millions of women. Since 2012, the Affordable Care Act has mandated that private insurance plans cover the “full range” of contraceptives for women approved by the Food and Drug Administration, including female sterilizations, emergency contraceptives and any new products cleared by the F.D.A. The mandate also covers services associated with contraceptives, like counseling, insertions or removals and follow-up care. That means that consumers shouldn’t have any associated co-payments with in-network providers, even if they haven’t met their deductibles. Medicaid plans have a similar provision; the only exception to the mandate are plans sponsored by employers or colleges that have religious or moral objections.
Persons: Bernie Sanders of, , haven’t Organizations: Office, Affordable, Food and Drug Administration Locations: Bernie Sanders of Vermont
Those hoping to march to the stadium with Hungary’s fans for their soccer team’s first game of the European Championship were expected to report by 10 a.m. sharp, five hours before kickoff. Some could wear black. Others were to stick with red, white and green, the colors of the country’s flag. The Carpathian Brigade has, in recent years, become perhaps Europe’s most infamous ultra group, its reputation forged by clashing with the police, showering opponents with racist abuse and displaying homophobic banners. In 2021, during the last European Championship, it had to remind members to cover up any Nazi-related tattoos so as not to contravene German law.
Organizations: team’s, European, Carpathian Brigade, Hungarian
De minimis shipments have also grown more popular with American brands looking to save money in their supply chains. AdvertisementThe startup Portless emulates Shein's model by fulfilling online brands' orders in China and shipping them directly to customers. Even though awareness of de minimis has grown, Section 321 shipments still account for only about 5% of ShipHero's business overall. At the end of May, The Information reported that US Customs and Border Protection had begun cracking down on de minimis shipments, including suspending several brokers from a program called Entry Type 86, designed to speed up de minimis shipments. "The American brands that we service are more profitable and do better prices to their customers."
Persons: , it's, Portless, Izzy Rosenzweig, Jolie, Evan, Matt Nichols, JADE GAO, minimis, Prince Ghosh, Maggie Barnett, Barnett, Temu, I'm, Rosenzweig Organizations: Service, Business, Commerce Ventures, US, Lawmakers, Chinese Communist Party, Customs, Protection Locations: China, Portless, San Francisco, Canada, Mexico, American, Canada's
The Supreme Court limited the sweep of a federal law on Wednesday aimed at public corruption, ruling that it did not apply to gifts and payments meant to reward actions taken by state and local officials. The 6-to-3 ruling, which split along ideological lines, was the latest in a series of decisions cutting back federal anti-corruption laws. Justice Brett M. Kavanaugh, writing for a conservative majority, said that the question in the case was whether federal law makes it a crime for state and local officials to accept such gratuities after the fact. He wrote, “The answer is no.”Federal prosecutors’ interpretation of the law created traps for public officials, leaving them to guess what gifts were allowed, he added. If they guessed wrong, the opinion continued, the officials could face up to a decade in prison.
Persons: Brett M, Kavanaugh,
Roberta A. Kaplan, the celebrated lawyer who took on former President Donald J. Trump, and helped win marriage equality for gay Americans, is stepping down from the law firm she founded after clashing with her partners over her treatment of colleagues. Ms. Kaplan, a hard-charging civil rights lawyer, announced that she was leaving the firm, Kaplan Hecker & Fink, which she formed in 2017, to start a new one. Her departure followed months of internal frustration over Ms. Kaplan’s conduct toward other lawyers, according to people familiar with the matter. Those concerns led her colleagues to remove her from the firm’s management committee and precipitated her departure. Ms. Kaplan’s former firm will be renamed Hecker Fink effective Monday.
Persons: Roberta A, Kaplan, Donald J, Trump, Kaplan Hecker, Fink, Kaplan’s, Hecker Fink, “ Robbie Organizations: The New York Times
Ozak Tekstil told CNN it had terminated the workers “as a last resort” when they declined an invitation to return to work. If it refused, “we will be forced to take the appropriate next steps to uphold workers’ rights,” Levi’s wrote. It did not reinstate all of the fired workers. Inside the Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023. The Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023.
Persons: , Levi’s, LEVI, Ozak Tekstil, Zara, Hugo Boss, Guess, Ralph Lauren, Seher Gulel, Gulel, , Sen, Tekstil, Levi Strauss, Justin Sullivan, ” Gulel, enshrines, Sen didn’t, unionize, ” Ozak Tekstil, ” Levi’s, Scott Nova, ” Nova, “ Ozak, Carolin Westermann, Funda Bakis, CNN Bakis, Bakis, ” Bakis, Tanem Zaman, Eyad Kourdi, Brice Laine Organizations: Istanbul CNN —, ’ Association, Worker Rights Consortium, CNN, Birtek, WRC, Ozak Locations: Istanbul, Turkey, Turkey’s Sanliurfa, San Francisco , California, Sanliurfa
"Wire $300,000 dollars to bitcoin account within 12 hours," the email to Kirkhorn added, according to the incident report. The case was ultimately suspended and no arrest was ever made, according to the incident report and Dark. AdvertisementSome Tesla workers told BI that tight production deadlines and the intensity of the work could sometimes create a high-pressure environment. We were just standing outside the building waiting to go back to work," one worker, who was there during the ordeal, told BI. The sheriff's office told local news at the time that the building was cleared and there was "nothing to substantiate the presence of a shooter at all."
Persons: , Elon Musk, Musk, Tesla, Zachary Kirkhorn, Zachary Kirkhorn —, Austin Gigafactory, Kirkhorn, Travis, Kristen Dark, SUZANNE CORDEIRO, Austin, Joe Biden, Justin Mathew McCauley of, McCauley's, McCauley, Justin Sullivan, they'd, Apu Gomes, X, Mark Zuckerberg, Zuckerberg, Meta, Sheryl Sandberg, John Lennon Organizations: Service, Business, Securities, Exchange Commission, BI, YouTube, Tesla's, Tesla, Street Journal, Office, Musk, FOX, Austin, Factory, Getty, Elon, SEC, Meta, Twitter, BBC Locations: Austin, Travis, Texas, Nigeria, Justin Mathew McCauley of Minnesota, Minnesota, Fremont , California, Tesla's, Sparks , Nevada, Nevada
CNN —The Tennessee Attorney General’s office has turned its investigation into the failed foreclosure attempt of Elvis Presley’s Graceland estate over to federal investigators, according to a statement provided by his office. “The Tennessee Attorney General’s Office looked into the Graceland matter, and it quickly became apparent that this was a matter best suited for federal law enforcement. We have faith in our federal partners and know they will handle this appropriately,” said Amy Lannom Wilhite, communications director for Tennessee Attorney General John Skrmetti. Keough claimed fraud and sued to protect the estate from foreclosure. A Shelby County Chancery Judge agreed and blocked the sale, and Naussany said it had dropped its foreclosure efforts.
Persons: General’s, Elvis Presley’s, Tennessee Attorney General’s, , Amy Lannom Wilhite, John Skrmetti, Riley Keough, Elvis Presley, Naussany, Lisa Marie Presley, Keough, Skrmetti Organizations: CNN, Tennessee, Tennessee Attorney, Naussany Investments, Justice Locations: Shelby County
Read previewJason Kelce has a new favorite royal: Princess Charlotte. At one of the performances, they met three of the most famous people to ever come to a Swift show: Prince William, Prince George, and Princess Charlotte. Prince William brought his kids to the Eras TourWilliam attended the concert on Friday with George, 10, and Charlotte, 9. Princess Charlotte left an impressionJason said that meeting Princess Charlotte, who was grinning from ear to ear in her photos with Swift, was "the highlight" of his interaction with the royals. "I gotta say, Prince William was fantastic, but the highlight was Princess Charlotte," Jason said.
Persons: , Jason Kelce, Princess Charlotte, Taylor Swift, Swift, Travis Kelce, Travis, Jason, Kylie Kelce's, Prince William, Prince George, Princess Charlotte . Prince William, William, George, Kate Middleton, Prince Louis, Prince of Wales, Kylie, I've, Charlotte, Wyatt, Bennett Organizations: Service, Wembley, London Authority, Business, London Locations: London, Charlotte, American
But the latest workplace trends — "silent layoffs" and "quiet firing" — could be the most harmful to date. Silent layoffs occur when a company provides staff with severance packages but asks them to keep quiet about the details of their exit. Amit Rawal, a management lecturer at City University of London's Bayes Business School, told BI that silent layoffs have become "increasingly popular across larger corporations." Related storiesThe goal of silent layoffs is likely to minimize the amount of negative traction the company receives. Advertisement'A PR disaster waiting to happen'Experts told BI that quietly getting rid of employees could easily backfire when employees opt to fight back and speak out.
Persons: , PwC, Mohamed Kande, Amit Rawal, Eloise Skinner, it's, Skinner, Lucas Botzen, Suzanne Horne, Paul Hasting, Evan Nierman, Banyan, Dan Buckley, Buckley, Nierman, Horne Organizations: Service, Business, Financial Times, PwC Global Network, Europa Press, City University, London's Bayes Business, National Labor Relations, CNN, National Labor Relations Board, Dell, Workers, Amazon, BBC
Have Democrats and Republicans traded places? Are low-turnout elections and laws designed to suppress voting now beneficial to Democrats and detrimental to Republicans? Nicholas Stephanopoulos, a law professor at Harvard, contends that the answer to these last three questions is changing from no to yes. In a paper posted last week, “Election Law for the New Electorate,” Stephanopoulos argues that “the parties’ longstanding positions on numerous electoral issues have become obsolete. These stances reflect how voters used to — not how they now — act and thus no longer serve the parties’ interests.”
Persons: Nicholas Stephanopoulos, ” Stephanopoulos, Organizations: Republican, Democratic Party, Harvard, New Locations: New Electorate
But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.
Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain
The purpose of the network was to smuggle people, not bring in terrorists, one of the officials said. There was specific “derogatory information” linking those individuals to ISIS, the official said. In the latest case, the 400 migrants under scrutiny – mostly from Central Asian nations – are being screened purely because of their connection to the human smuggling network. The leadership of ISIS-K is mainly made up of Tajik nationals and the group has recruited from both countries. Tajik nationals have carried out a series of recent attacks in Europe on behalf of the group, including the Crocus Hall attack in Moscow in March that killed more than 100 people.
Persons: Alejandro Mayorkas, , Mayorkas, CNN’s Evan Perez Organizations: CNN, Department of Homeland Security, ISIS, Central, Homeland, NBC News, Crocus, US, MSNBC Locations: Central, Tajikistan, Uzbekistan, Europe, Moscow, United States, Kazakhstan
The nine members of the Supreme Court peered over a precipice. They could apply their two-year-old gun-rights precedent, as a lower court had, and declare unconstitutional a federal law aimed at keeping guns out of the hands of individuals under court-issued restraining orders for domestic violence. If they endorsed such an extreme outcome, they knew, they would be taking down not only a 30-year-old law but also perhaps even the court itself, already at a near low in public esteem. But it’s impossible to see the outcome in United States v. Rahimi as anything other than an exercise in institutional self-preservation. While Chief Justice John Roberts’s majority opinion garnered eight votes, five members of his majority felt impelled to express their own contrasting if not exactly conflicting views in separate opinions.
Persons: Clarence Thomas, John Roberts’s Locations: United States
The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs for certain older Americans enrolled in Medicare. President Joe Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024. It is separate from another provision under the law that allows Medicare to negotiate lower prescription drug prices with manufacturers. On average, Americans pay two to three times more than patients in other developed nations for prescription drugs, according to the Biden administration. More than 750,000 Medicare patients use the drugs each year, according to the release.
Persons: Joe Biden, Biden Organizations: National Institutes of Health, Medicare Locations: Bethesda , Maryland
"It was harder than the initial assault," Kostial said of being stalked. The Aetna NDA only silenced her about the terms of her settlement, not the sexual assault. Kostial has discussed her situation with Vincent White, a New York city-based lawyer who specializes in workplace NDAs and advises signatories on the risks associated with breaking them. Kostial is fearful that if they wed, her wife's finances could be affected if either SAP or Aetna pursues her for breaking her NDA. AdvertisementWhenever she's seized by anxiety, Kostial reminds herself of how hard she's fought to move past the sexual assault and why she's coming forward.
Persons: , Ashley Kostial, she'd, She'd, Kostial, abrasions, Aetna, Brad Schleier, Schleier, hadn't, NDAs, Taylor Glascock, Kira, She's, Nina Wasow, Jodi Short, Evan Starr, Morton , Illinois Taylor Glascock, galling, Vincent White, White, Zelda Perkins, Harvey Weinstein's, Julie Macfarlane, she's, Hey Ashley —, he'd Organizations: Service, SAP, Marriott, Business, Ariba, Aetna, Aetna NDA, BI, University of California College of the, San, National Labor Relations Board, University of, Plano Police Department Locations: Plano , Texas, Plano, Phoenix, spokespeople, Aetna, Berkeley , California, California, New York, New, Maryland , New Jersey, New Mexico, But Arizona, San Francisco, NDAs, Morton ,, Oakland, Texas, Arizona, Illinois
The police used live fire and tear gas on protesters who marched on the Parliament building in an attempt to stop a vote on a contentious finance bill. The police used tear gas in an attempt to keep the protesters from approaching Parliament, and the sound of live fire rang out. Before Tuesday’s demonstration, several activists who are prominent critics of the bill were abducted, according to the Law Society of Kenya. But protesters have denounced other taxes, including on imported goods, and have urged the government to abandon the draft legislation. Image President William Ruto promised to be a champion of the poor, but critics say his administration has been marred by extravagant spending.
Persons: Faith Odhiambo, Odhiambo, Martha Koome, , Kasmuel McOure, William Ruto, Urs Flueeler, Ruto, Instagram, Mike, , Kimani Ichung’wah, It’s, Anita Barasa, McOure, Mr Organizations: Amnesty International, Law Society of Kenya, Mr, Kenyan, Observers, KFC, Protesters Locations: Nairobi, Kenya, East, reneging,
Routing through ChinaChina Telecom, China Mobile and China Unicom have long been in Washington's crosshairs. The FCC denied China Mobile's application to provide telephone service in 2019 and revoked China Telecom and China Unicom's licenses to do the same in 2021 and 2022 respectively. It cited at least nine instances where China Telecom misrouted internet traffic through China, putting it at risk of being intercepted, manipulated or blocked from reaching its intended destination. China Telecom has previously denied the government's allegations and told U.S. agencies that routing problems are common and occur on all networks. China Telecom did not respond to requests for comment about its U.S. based PoPs.
Persons: Peter Parks, Biden, China Unicom, Doug Madory, Bill Woodcock, Alibaba Organizations: HK, China Mobile, Peter, AFP, Getty, China Telecom, Authorities, Commerce Department, China, Commerce, Embassy, Reuters, Washington, Regulators, China China Telecom, FCC, U.S, Justice Department, PoPs Locations: China Mobile, China, Beijing, United States, Washington, crosshairs, U.S
A judge on Tuesday loosened a gag order on Donald J. Trump in his Manhattan criminal case, allowing the former president to criticize witnesses who took the stand against him as well as others involved in the trial that led to his conviction. The judge, Juan M. Merchan, who presided over Mr. Trump’s seven-week trial this spring, ruled that Mr. Trump is now free to complain about the prosecution’s witnesses, including his former fixer, Michael D. Cohen. Once Mr. Trump is sentenced on July 11, the judge ruled, he can publicly assail others who are currently covered by the gag order, including prosecutors and their relatives. Mr. Trump, the presumptive Republican presidential nominee, is still subject to a different order prohibiting him from releasing the identities of jurors, or publicly attacking them by name. But under Justice Merchan’s ruling, Mr. Trump can now complain broadly about the jury that convicted him.
Persons: Donald J, Trump, Juan M, Merchan, Trump’s, Michael D, Cohen, Merchan’s Organizations: Mr
Washington CNN —Hunter Biden’s Washington, DC, law license has been suspended, according to a newly released order from a local court that pointed to his recent conviction on three gun crimes. The order was issued by Chief Judge Anna Elizabeth Blackburne-Rigsby of the DC Court of Appeals, which is the highest appellate court in DC and oversees the DC Bar. It is typical for bars in other states to reciprocate law license suspension or disbarment orders, meaning Biden’s license is also likely to soon be suspended in any other state where he is licensed. Biden has asked for a new trial in the gun case. During closing arguments in Biden’s gun trial, one of the prosecutors described him as a “Yale-educated defendant,” referring to the school where he earned his law degree.
Persons: Washington CNN — Hunter Biden’s, Anna Elizabeth Blackburne, David Weiss, Biden, Weiss, Boies Schiller, Flexner, Patrick Ho, Ho Organizations: Washington CNN, DC, of Appeals, DC Bar’s, Biden, Justice Department, GOP, Yale Locations: Washington CNN — Hunter Biden’s Washington, Wilmington , Delaware, Los Angeles, Hong Kong, Ho
Photographs and news agency reports showed protesters clashing in the streets of Kenyan capital Nairobi on Tuesday, as the African state passed a controversial finance bill set to raise national taxes. Kenya's Human Rights Commission on Tuesday shared a video of officers shooting at protesters, calling for accountability. At least 50 people were injured by gunfire during the latest demonstrations, Reuters reported, citing a local paramedic outside of the parliament. The news agency further said sections of the parliament building were set on fire, as the compound was stormed. Blood has already been shed in similar protests, after two people died in separate demonstrations held last week, the Associated Press reported.
Organizations: Kenyan, Rights, Reuters, CNBC, Kenyan Police Service, Ministry of Foreign Affairs, Associated Press Locations: Nairobi, Kenya
The company on Tuesday announced a set of new safety features, including expanded warning pop-ups that appear when a teen receives a message from someone they don’t share mutual friends with or have in their contacts. And Snapchat will now prevent the delivery of friend requests for teens to or from an account that they don’t share mutual friends with that is also located in regions often associated with scammers. Meta in April also announced new features aimed at combating sextortion, including informing users when they’ve interacted with someone who engaged in financial sextortion. Now, when a user blocks another account, any new accounts created on the same device will also automatically be blocked. The updates build on Snapchat’s existing teen safety features, which include a “Family Center” where parents can supervise the behavior of 13- to 17-year-old users, and mechanisms for removing age-inappropriate content.
Persons: New York CNN —, aren’t, ” Snapchat, Jacqueline Beauchere, sextortion, they’ve Organizations: New, New York CNN, CNN, Meta, Prevention Locations: New York
Before Tuesday’s demonstration, several activists who are prominent critics of the bill were abducted, according to the Law Society of Kenya. The abductors’ identities were not publicly known, but some were believed to be intelligence officers, said the Law Society’s president, Faith Odhiambo. Lawmakers in Parliament are set to debate and vote on proposed amendments to the bill on Tuesday. President William Ruto’s governing alliance has enough votes to pass it, although opposition leaders have rejected the measure in its totality. Once the bill has parliamentary approval, Mr. Ruto can sign it into law or send it back for amendments.
Persons: Faith Odhiambo, William Ruto’s, Ruto Organizations: Amnesty International, Law Society of Kenya Locations: Kenya, East
CNN —Is Karen Read a rage-filled cop killer, or the convenient patsy of a vast police cover-up? That’s the question put to a Massachusetts jury on Tuesday in closing arguments of her murder trial in a case that has riveted the Bay State. After closing arguments Tuesday morning, the jury began deliberations at about 1:30 p.m. and continued for about three hours. A drunken Read then struck him with the vehicle and fled, leaving him to die in the snowy cold, prosecutors say. “Lie, obfuscate, manipulate, alter, and when they’re caught, they just excuse it away,” Jackson said in closing arguments.
Persons: CNN —, Karen Read, John O’Keefe, O’Keefe, Adam Lally, , Alan Jackson, ” Read, ” Eva Jenkins, Steven Senne, Michael Proctor, Read, , Proctor, Maura Healey, inexcusable ”, ” Jackson, Chloe –, Firefighters, ” Lally, O’Keefe’s, “ John, they’re, “ That’s, ” Aidan Kearney, Turtleboy, Kearney Organizations: CNN, Boston Police, Boston, Prosecutors, Norfolk Superior Court, Massachusetts State Police, WCVB, WBZ Locations: Massachusetts, State, Canton, Bourne , Massachusetts, Norfolk, Dedham , Massachusetts, Fairview
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