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☆ The Trump policy that freaks out economists the most
▼ + stars: | 2024-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

New York CNN —Former President Donald Trump wants to spend trillions of dollars on tax cuts. “It’s enormously protectionist and terrible economic policy,” said Holtz-Eakin, who served as an economic adviser to former President George H.W. The cost of the Trump tax cutsTrump has called for extending his signature 2017 tax cuts, which expire next year if no action is taken by Congress. Trump has argued that extending the tax cuts will boost the economy, create jobs and help families. The Trump campaign has not detailed significant spending cuts or tax hikes to offset these tax cuts.

Persons: Donald Trump, Trump, Goldman Sachs, Kamala Harris, Goldman, “, ” David Kelly, Kelly, “ It’s, ”, ’ Trump, Douglas Holtz, Eakin, Holtz, George H.W, Bush, GOP Sen, John McCain, Mark Zandi, ” Zandi, Karoline Leavitt, they’ll, ” Leavitt, Trump’s, ” Harris, “ Donald Trump, ” Brian Nelson, Harris, Kimberly Clausing, Mary Lovely, ” Trump, Joe Biden, Penn, Penn Wharton, The Trump, CNN’s Katie Lobosco Organizations: New, New York CNN, Asset Management, CNN, America, New York Economic Club, American, GOP, Moody’s, Trump, Peterson Institute for International Economics, Peterson Institute, US Customs, Louis Federal Reserve, Biden, Congress, Princeton University, University of Chicago, Harvard University, US Treasury Department, Penn Wharton Model, Social Security Locations: New York, United States, China, America

Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. Molson Coors will also ensure all corporate charitable giving programs are focused on supporting "core business goals" such as alcohol responsibility, disaster relief efforts and promoting access to higher education. Although conservative activist Robby Starbuck characterized the moves as preemptive changes in response to his probe into the company's DEI practices one week ago, Molson Coors says in its memo that the decision "has been in process since March." Molson Coors' decision comes after a wave of retailers over the summer took a step back in their DEI efforts. Corporate DEI practices received renewed interest in the wake of the murder of George Floyd and the Black Lives Matter protests of 2020, but have struggled in the aftermath of the Supreme Court decision to overturn affirmative action in colleges.

Persons: Molson Coors, Robby Starbuck, Davidson, Lowe's, George Floyd Organizations: Molson, CNBC, Molson Coors, Groups, Business, Tractor Supply, Human Rights, Companies, Harley, Ford Locations: U.S, America

☆ When Do Women Have the Right to Kill in Self-Defense? - The New York Times
▼ + stars: | 2024-09-04 | by ( Rachel Louise Snyder | ) www.nytimes.com time to read: +45 min

Mr. Ford kept their daughter at home to ensure Ms. Ford wouldn’t tell anyone in the emergency room how Robert’s injury happened. Ms. Ford, now 65, is serving a sentence of life without parole at the Central California Women’s Facility in Chowchilla. Leigh Goodmark, the author of the book “Imperfect Victims,” said that self-defense law imagines two parties of equal strength, size, weight and physical capability. But where self-defense law really fails to capture a woman’s experience is around the question of imminence. For women like Ms. Ford, Ms. Ayobi and many others, killing their way out of a relationship was an act of salvation — for themselves, for their children.

Persons: Anita Ford, Barry Ford, They’d, Robert, they’d, she’d, didn’t, wouldn’t, Ford, Ford’s, ” Mr, Debra Gomes, “ It’s, ”, I’m, —, George Wright, Wright, — Lionel Cashman, John Aldridge —, Aldridge, Cashman, Ms, “, Theresa Jones, Caroline Light, Michal Goldstein, Agatha Nyarko, they’ve, Cynthia Gillespie, doggedly, Gillespie, Leigh Goodmark, Nancy Grigsby, She’s, ” Ms, Grigsby, she’s, Shajia Ayobi, Ghulam Ayobi, Ayobi, Masiula, he’d, Debbie Mukamal, Andrea Cimino, what’s, proctors, proctor, we’d, Weeks, Miranda Gallegos, Janeen Snyder, Debby Saravia, Jamie Monroe, Malinda Jones, Mukamal, We’re, Lenore Walker, Walker, Karla Porter, Porter, It’s, Michal Buchhandler, Raphael, Mary Anne Franks, shouldn’t, Angelique Lyn Lavallee, Kevin Rust, Bertha Wilson, ’, Justice Wilson, Elizabeth Sheehy, George Zimmerman, Kyle Rittenhouse Organizations: Defense, Fords, Stanford, School’s Criminal, Center, Central, Central California Women’s, National Commission, An Ohio Supreme, Northwest Women’s Law Center, Violence Network, Ford, Stanford Criminal Justice Center, California Institution, Women, Research, Widener University, George Washington University, University of Ottawa Faculty of Law Locations: United States, Central California, Chowchilla, Mexico, Huntington Beach, Calif, Lakewood, An Ohio, Florida, Seattle, Ohio, Afghanistan, Sacramento, Canada, California, manila, Chino Hills, Los Angeles, D.U.I.s, San Jose, Maryland, New York , California, Oklahoma

☆ Summer box office bounced back thanks to 'Inside Out 2,' 'Deadpool & Wolverine'
▼ + stars: | 2024-09-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box office scraped together $3.6 billion in ticket sales. Box office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade. But it wasn't until mid-June that the box office got a proper surge of moviegoers. Through Labor Day, the film was the highest-grossing summer movie with $650 million in box office receipts. Box office analysts foresee the summer's momentum carrying over into the fall, ultimately bolstering the overall third-quarter box office results.

Persons: Paul Dergarabedian, it's, Guy, George Miller's, Max, Disney's, Dergarabedian, Romulus, Eric Handler, Roth MKM, Shawn Robbins Organizations: Comscore, Labor, Marvel, Disney, Marvel Studios, Warner Bros, Deadpool, Universal, Fathom, Comcast, CNBC Locations: Kingdom, NBCUniversal

☆ Ukraine's surprise invasion of Russia hasn't taken the pressure off the most dire front-line battles
▼ + stars: | 2024-09-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Ukraine's Commander-in-Chief Oleksandr Syrskyi stated last week that an objective of the Kursk invasion was to redirect Russian forces away from the Pokrovsk direction. But the Kursk invasion has limited the number of troops available for reinforcement. KIRILL CHUBOTIN/Ukrinform/Future Publishing via Getty ImagesGeorge Barros, the geospatial-intelligence team lead and a Russia analyst at ISW, said that the Kursk invasion underscores how Moscow left a major portion of its international border undefended. Even though the Kursk invasion may not be forcing Russia to redirect front-line forces from Pokrovsk, that campaign will eventually culminate. These efforts have intensified since the start of the Kursk invasion.

Persons: —, Ukraine's, Oleksandr Syrskyi, Tatarigami, Diego Herrera Carcedo, Putin, Volodymyr Zelenskyy, KIRILL CHUBOTIN, George Barros, Vladimir Putin, Barros, REUTERS Barros Organizations: Service, Kyiv, Business, AP, Institute for, Getty, Ukraine, Publishing, REUTERS Locations: Russia, Moscow, Kursk, Ukraine, Kyiv, Russia's, Ukrainian, Sudzha, Russia's Kursk, Pokrovsk, Anadolu, Russian, Korenevo

☆ Soaring sports team values create new pressure for owners on taxes, succession
▼ + stars: | 2024-09-03 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

Ric Tapia | Getty Images Sport | Getty ImagesSports team owners benefiting from soaring team values are also facing new pressure from two of the oldest certainties in American wealth: death and taxes. With the average age of team owners rising, and team values skyrocketing into the billions, owners and leagues are increasingly focused on how to ensure smooth ownership transitions to the next generation of buyers. Succession and taxes have become especially important in the National Football League, where the average age of team owners is now over 72 and team values are all surging. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. So owners have to be planning for the potential for more punitive estate taxes in the coming years.

Persons: Ric Tapia, Stephen Amdur, Pillsbury Winthrop Shaw Pittman, Robert Frank, Pat Bowlen, Rob Walton, Bud Adams, Grant Halverson, Amy Adams Strunk, Tom Benson, Gayle, Jonathan Bachman, Joe Robbie, George " Papa Bear, Halas, George Halas, Amdur, That's, Roger Goodell Organizations: NFL, Los Angeles Rams, Houston Texans, NRG, Getty, Sports, Pillsbury, National Football League, Former Denver Broncos, Tennessee Titans, Minnesota Vikings, Getty Images Tennessee Titans, Longtime New Orleans Saints, National Basketball, New Orleans Pelicans, New, New Orleans Saints, Mercedes, Benz, Miami Dolphins, NBA, Chicago Bears, Bettmann Locations: Houston, Nashville , Tennessee, New Orleans, New Orleans , Louisiana

☆ Retired NATO commander says Ukraine's Kursk invasion proves it can succeed without Western advice
▼ + stars: | 2024-09-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Read previewA former NATO commander said that Ukraine's successful incursion into Russia's Kursk region shows what it can do without relying much on Western advice. It had taken and held 500 square miles of Russian territory as of last week, according to Ukraine's army chief. Gen. Philip M. Breedlove, a former NATO Supreme Allied Commander Europe, told the Kyiv Post that he viewed Ukraine's operation as a success. A local volunteer looks at a building damaged by Ukrainian strikes in Kursk on August 16, 2024, following Ukraine's offensive into Russia's western Kursk region. But many allies, the US among them, still forbid Ukraine from using long-range weapons within Russia, limits Ukraine's ability to hit the highest-value targets there.

Persons: —, Philip M, Vladimir Putin, TATYANA MAKEYEVA, Breedlove, Putin, George Barros Organizations: Service, Business, NATO, Allied, Kyiv Post, Getty, US Air Force, Ukraine, Institute for Locations: NATO, Russia's Kursk, Russia, Kyiv, Ukraine, Kursk, AFP, Sudzha, Ukrainian

☆ George Clooney denied he and Brad Pitt were each paid $35 million for 'Wolfs.' Here's why they had to return some of their pay.
▼ + stars: | 2024-09-02 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

The New York Times reported George Clooney and Brad Pitt were each paid $35 million for "Wolfs." George Clooney said: "it's bad for our industry if that's what people think is the standard-bearer for salaries." Clooney said the actors had to return some of their salary because the film's release model changed. Go to newsletter preferences Thanks for signing up! AdvertisementGeorge Clooney refuted a report that he and Brad Pitt were each paid $35 million for their new movie "Wolfs," and said the actual figure was "millions and millions and millions" less.

Persons: George Clooney, Brad Pitt, Clooney, —, Coen, Jon Watts Organizations: New York Times, Service, Business

☆ Thousands of homes on $1 land: The new housing crisis solution sweeping the country
▼ + stars: | 2024-08-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

State and local governments often lease or sell land to builders, including affordable housing developers, particularly in areas with high demand for homes. In a rare overlap of goals between the two campaigns, Harris and Trump have both proposed building housing on federal land. Some Republican lawmakers agree that more federal land should be used for homes. The Biden administration has proposed selling hundreds of acres of land in Nevada controlled by the Bureau of Land Management to local governments to build thousands of new homes. But repurposing federal land for new residential communities in Nevada would likely mean more sprawl, which comes with both environmental and economic concerns.

Persons: —, Donald Trump, Kamala Harris, Harris, Trump, Matthew Murphy, doesn't, George McCarthy, McCarthy, MidPen, It's, Abby Goldware Potluri, Harris couldn't, Republican Sen, Mike Lee of, He's, Biden, Maurice Page, Page Organizations: Service, Democratic, Republican, Biden, Business, NYU's Furman Center, Lincoln Institute of Land Policy's, Geospatial Solutions, Lincoln Institute of Land, Center for Geospatial Solutions, Privately, Center, Trump, of Land Management, US Postal Service, Republican Party, General Services Administration, DC, Bureau, Land Management, Las Vegas, Nevada Housing Coalition Locations: State, Nevada, Utah, Massachusetts, Florida, . Massachusetts, San Mateo County, San Francisco, MidPen, Saudi, Mike Lee of Utah, Fort Lauderdale, Las

☆ Turkmenistan’s flaming ‘Gates of Hell’
▼ + stars: | 2024-08-30 | by ( Joe Yogerst | ) edition.cnn.com time to read: +9 min

Darvaza, Turkmenistan CNN —Rarely does an industrial accident develop into a major tourist attraction. Mysterious originsNo one is quite sure when the gas crater opened, apparently because the Soviet-era reports are missing, incomplete or still confidential. Reaching DarvazaThe gas crater lies a four-hour drive north of Ashgabat, the national capital. Located around a five-minute walk from the crater rim, the camp features yurts with beds and chairs, a shaded dining area and porta-potty/outhouse-style toilets. Garagum lies about a 10-minute walk from the crater rim and even closer to a small rocky mount where visitors can snatch a bird’s-eye-view of the Gates of Hell.

Persons: Hell, Joe Yogerst “, ”, Ged Gillmore, Dylan, wasn’t, George Kourounis, who’s, Kourounis, I’ve, Garagum, “, there’s Organizations: Turkmenistan CNN, Central, Geographic, NASA, futon, CNN Travel Locations: Darvaza, Turkmenistan, Soviet, Central Asian, “, Central Asia, Canadian, Ashgabat, Iwanami_Photos, Bokurdak, Darwaza, porta, Hell

☆ Kentucky judge dismisses core charges against two former officers connected to Breonna Taylor's death
▼ + stars: | 2024-08-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

A judge in Kentucky has dismissed core charges against two former Louisville police officials involved in the raid that ended in Breonna Taylor's death. Judge Charles R. Simpson III of western Kentucky's U.S. District Court on Thursday said Taylor's death was triggered by the actions of her boyfriend, who opened fire when police arrived outside her Louisville apartment March 13, 2020. "Those violations resulted in Ms. Taylor’s death," he said in a statement at the time. Jaynes and Meany weren't at the raid, and her death was more directly tied to Walker's decision to open fire, the judge wrote. "The Court finds that the warrantless entry was not the actual cause of Taylor’s death," he wrote in his decision.

Persons: Breonna, Judge Charles R, Simpson, Joshua Jaynes, Kyle Meany, Kenneth Walker's, Taylor, Breonna Taylor, George Floyd, Jaynes, Meany, General Merrick B, Garland, Taylor’s, Meany weren't, Taylor's, Kelly Goodlett, Brett Hankison, Walker Organizations: Louisville, Louisville Police, Department, Justice Department, NBC News, U.S . Justice Department, Associated Press, AP Locations: Kentucky, Kentucky's U.S, Louisville, Minneapolis

☆ Magician Dan Chan shares how he grew his portfolio from $276,000 to over $1 million in under 8 years — without any tricks
▼ + stars: | 2024-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

A magician rarely reveals his tricks, but in a recent interview, Chan told BI about his simple but unconventional investing strategy. From breathtaking magic to eye-popping returnsAfter missing out on a once-in-a-lifetime opportunity, Chan took a harder route to striking it rich. Around the same time he joined PayPal, he started performing magic shows. AdvertisementFast-forward a few decades to March 2020, when stay-at-home orders threatened to sideline Chan's business. How to invest like a magician — and the company he's nearly all-in onThere's no smoke and mirrors behind Chan's returns.

Persons: —, Dan Chan, Chan, Merrill Lynch, David Copperfield, David Blaine, Elon Musk, George Lucas, Paula Abdul, Green, he's, He's, Chan's, Chan doesn't, shouldn't, Jensen Huang, Jensen, I've, Mark Zuckerberg Organizations: Service, Business, PayPal, Costco, Nvidia, Facebook, Google, YouTube Locations: Bay, what's

☆ The battle of Kursk has unchained Ukraine from a failing war strategy
▼ + stars: | 2024-08-24 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

At the start of August, Ukraine seemed doomed to remain on the defensive, slowly but relentlessly being ground into retreat by Russian onslaughts. But its successful new Kursk offensive has done more than seize 480 square miles of Russian territory and humiliate Putin. After nearly a year of a grim defensive battle, the Kursk operation has also allowed Ukraine to seize the initiative and force Moscow to dance to Kyiv's tune. The Russians no longer hold the initiative across the entirety of the theater, like they have for most of last year." Which means Ukraine has to find some economical way of keeping up the pressure on Russia, without losing more territory of its own.

Persons: Putin, George Barros, Barros, Vladimir Putin, " Barros, Michael Peck Organizations: Service, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russian, Kursk, Moscow, Donetsk, Russia, Kyiv, Kharkiv, Polohy, Zaporizhia, Zabrama, Bryansk, Belgorod, Forbes

☆ US Navy supercarrier gets drone command center that will operate $136 million 'Stingray' drones
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

The US Navy has installed a new drone control center on the USS George H.W. The command center will operate MQ-25 "Stingray" drones. AdvertisementThe US Navy has installed a new drone command center on board the USS George H.W. Bush (CVN 77) aircraft carrier, Naval Air Systems Command (NAVAIR) said in a press release. The Unmanned Air Warfare Center (UAWC) will operate MQ-25 "Stingray" drones — $136 million unmanned aircraft systems that will be used to refuel fighter jets such as the F/A-18 Super Hornet, the EA-18G Growler, and the F-35C in the air, extending the Navy's strike range.

Persons: USS George H.W, —, George H.W, George H.W . Bush Organizations: US Navy, USS, Bush, Service, Naval Air Systems Command, Air Warfare Center, Hornet, EA, Business Locations: George H.W .

A second former Memphis police officer is expected to change his not guilty plea on Friday in connection to alleged civil rights violations that ended in the beating death of Tyre Nichols, court documents revealed. A change of plea hearing for former officer Emmitt Martin has been set for 2 p.m. CT in the courtroom of U.S. District Judge Mark Norris, records showed. Back in November, another former Memphis officer, Desmond Mills Jr., changed his plea to guilty to federal charges of excessive force and obstruction of justice. Memphis Police Department via APThe 29-year-old Nichols died in the hospital several days following a traffic stop on Jan. 7, 2023. Officers reportedly pulled over Nichols for reckless driving, but Memphis police later said there was no evidence to support a stop.

Persons: Tyre Nichols, Emmitt Martin, Mark Norris, Desmond Mills Jr, Emmitt Martin III, Nichols, — Tadarrius Bean, Demetrius Haley, Justin Smith —, George Floyd, Breonna Taylor, Daunte Wright Organizations: Memphis, District, Memphis Police Department Locations: U.S, Memphis

☆ Russia is barely using one of its best weapons against Ukrainian forces in Kursk because it's scared to hit itself, war expert says
▼ + stars: | 2024-08-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russia has increasingly fired glide bombs at Ukrainian territory in its invasion of the country. AdvertisementBut Russia has not been using the bombs at the same scale against Ukrainian forces that crossed the border into Russia earlier this month. Russia used 750 glide bombs on Ukrainian cities and villages last week alone, according to Ukrainian President Volodymyr Zelenskyy Sunday. It's also fewer than the 50 glide bombs Russia has reportedly been firing daily into Ukraine's Sumy region, which neighbors Kursk. But these were relatively isolated incidents rather than something that was happening as a result of a new strategy, such as using glide bombs in Kursk.

Persons: —, Mark Cancian, Russia hasn't, that's, Cancian, REUTERS Cancian, Volodymyr Zelenskyy, It's, Scott Peterson, Rajan Menon, Columbia University's, George Barros, Barros, Zelenskyy, it's Organizations: Service, Ukrainian, Business, Russian Defense Ministry Press, Marine, Center for Strategic, International Studies, NATO, 95th Air Assault Brigade, REUTERS, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, Russian Ministry of Defence, Russian Ministry of Defense Locations: Russia, Russian, Kursk, Ukrainian, Malaya Loknya, Russia's Kursk Region, Ukraine, Ukraine's Sumy, Petropavlivka

CNN —A second former Memphis police officer facing federal civil rights charges in the violent arrest and beating death of Tyre Nichols changed his plea to guilty on Friday in federal court. Mills and Martin are among five former officers charged in the death of Nichols, a 29-year-old Black man. He admitted he “willfully used unreasonable force against Tyre Nichols,” “aided and abetted” other officers in assaulting Nichols and “failed to intervene” in other officers’ use of force. Police said the unit was permanently deactivated shortly after Nichols’ death. The beating and Nichols’ death led to protests and vigils in Memphis and other major US cities, reigniting the contentious debate over policing and the ways that law enforcement treat Black people.

Persons: Tyre Nichols, Emmitt Martin III, Desmond Mills, Nichols, Martin, Mills, Tadarrius Bean, Demetrius Haley, Justin Smith, ”, “, ” “, abetted, ” RowVaughn Wells, “ Tyre, Martin’s, ” Wells, ” Ben Crump, Rodney Wells, we’ll, Derek Chauvin’s, George Floyd, ” Crump, Crump Organizations: CNN, Memphis, Force, Memphis Police Department, Police Locations: Memphis, Minneapolis, America, Shelby County

☆ At the DNC, Harris and Democrats took back the American flag
▼ + stars: | 2024-08-23 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Though Republicans have branded themselves as the party of capital-P patriotism since the Nixon years, Democrats sought to reclaim American pride this week. A striking number of this year's speakers focused on military might and distinctly American values, from Harris herself to Iraq war veterans. This story is available exclusively to Business Insider subscribers. For the past decade, Loge said that Democrats have been "shy" or "embarrassed" about embracing classic American patriotism, but that Harris and Walz are attempting to reframe the association with the flag. "Democrats serve too," Kauffman told Business Insider.

Persons: —, Donald Trump, Kamala Harris, Nixon, Harris, MAGA, Peter Loge, Obama, Loge, Trump, Peter Kauffman, Hillary Clinton, Tim Walz, Wes Moore, Trump's, Ronald Reagan, it's, Moore, I'm, Ruben Gallego, you'll, Gallego, Leon Panetta, Osama bin Laden, George Lt, Gov, Geoff Duncan, Walz, they're, Kauffman Organizations: Service, United Center, Republicans, Business, Democratic, School of Media, Public Affairs, George Washington University, America, Navy, Gov, US Army National Guard, National Guard, Maryland Gov, Senate, Army, Republican, DNC Locations: Iraq, America, Ruben Gallego of Arizona

☆ Menendez’s Senate Replacement Has Been a Democrat for Just 5 Months
▼ + stars: | 2024-08-23 | by ( Tracey Tully | ) www.nytimes.com time to read: +1 min

When George Helmy is sworn in next month as Robert Menendez’s temporary replacement in the Senate, he will be joining a chamber where Democrats hold a razor-thin majority, outnumbering Republicans by a single seat, 50 to 49. Mr. Helmy was selected last week by Gov. Mr. Helmy, however, is new to the Democratic Party. Mr. Helmy will serve in Washington only through November. His appointment will return the Democratic majority to 51 members, as it was before Mr. Menendez resigned on Tuesday.

Persons: George Helmy, Robert Menendez’s, Helmy, Philip D, Murphy, Menendez, Tammy Murphy, New Jersey’s, Chuck Schumer, Biden Organizations: Senate, Gov, Democrat, Democratic Party, Democratic Senate, New, Democratic, Democrats Locations: Murphy of New Jersey, Morris County, N.J, Washington, New York

☆ George Santos pleads guilty, avoiding a looming criminal trial
▼ + stars: | 2024-08-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewSerial liar and former US congressman George Santos pleaded guilty to criminal charges in court Monday, avoiding a criminal trial. Santos ultimately pleaded guilty on Monday to two counts — one count of wire fraud and one count of identity theft — as part of a plea agreement. Advertisement"You trusted me to represent you with honor and to uphold the values that are central to our democracy," Santos told reporters outside court after the hearing. Related storiesCourt filings previously indicated Santos was in talks for a plea deal as early as December. Two associates of Santos — Nancy Marks and Sam Miele — have previously pleaded guilty to fraud charges against them and would have likely testified in Santos' trial.

Persons: —, George Santos, Santos, Joann Seybert, Seybert, Breon, I've, Goldman Sachs, Hannah Montana, Zack, Cody, Tom Williams, Ferragamo, Santos — Nancy Marks, Sam Miele —, Tom Suozzi, Jimmy Kimmel Organizations: Service, Business, Eastern, of, Republican, The New York Times, Citigroup, Baruch College, New York University, Disney Channel, U.S . Capitol, Inc, Getty, Congress Locations: of New York, New York, Long, Queens, The, Brazil, Eastern, OnlyFans, Hermes, United States, New

The virus is classified into two distinct groups: clade I and clade II. Clade II was responsible for the 2022 outbreak, which has led to around 100,000 cases worldwide. Clade I is more transmissible than clade II and capable of being more severe, so infectious disease experts are concerned about further international spread. How does this version of mpox spread? Historically, mpox lesions have tended to appear on the face, chest, palms of the hands and the soles of the feet.

Persons: ”, Anne Rimoin, that’s, Stuart Isaacs, Isaacs, there’s, Rimoin, Marc Siegel, Amira Albert Roess, “ It’s Organizations: Democratic, Health, University of California, Los Angeles Fielding School of Public Health, University of Pennsylvania, George Washington School of Medicine, Health Sciences, ”, Department of Health, Human Service, George Mason University Locations: Mpox, Democratic Republic of Congo, Sweden, Africa, Pakistan, Los, Congo, U.S, DRC

☆ Private jet flights are down 15% in two years as Covid-era demand wanes
▼ + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.

Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “

Businessman Eric Hovde won the Wisconsin Republican primary for Senate, NBC News projects, setting up a critical battleground state race against Democratic Sen. Tammy Baldwin. Baldwin’s seat is a top priority for both parties in the battle for control of the closely divided Senate. Baldwin has also fared better than the top of the Democratic ticket in some recent Wisconsin polling. An independently wealthy businessman, Hovde, who ran unsuccessfully for Senate in 2012, has already loaned his campaign $13 million. With Hovde long viewed as the favorite to win the GOP nomination, the two candidates have already been trading barbs.

Persons: Eric Hovde, Democratic Sen, Tammy Baldwin, Hovde, Donald Trump, Baldwin, Joe Biden, “, Eric Hub, ”, Tony Evers ’, Ilhan Omar, Don Samuels, Michelle Fischbach, Fischbach, Steve Boyd, Angie Craig, Joe Teirab, Teirab, Craig, Jahana Hayes, Sen, George Logan, Hayes, Logan, Biden, Chris Murphy, Matthew Corey, Phil Scott, Bernie Sanders, Sanders, Gerald Malloy, Esther Charlestin, Scott Organizations: Wisconsin Republican, Senate, NBC News, Democratic, Republicans, White, GOP, Democratic Gov, Associated Press, Minneapolis City, Hamas, Trump, District, Marine, Republican, AP, Republican Gov, Middlebury Selectboard Locations: Wisconsin, Minnesota , Connecticut, Vermont, Minnesota, Washington, Connecticut's, Connecticut

☆ Walz Faces New Scrutiny Over 2020 Riots: Was He Too Slow to Send Troops?
▼ + stars: | 2024-08-14 | by ( Mitch Smith | ) www.nytimes.com time to read: +1 min

Two days after a police officer murdered George Floyd by kneeling on his neck, the mayor of Minneapolis called the governor, Tim Walz, asking for help. The city needed the Minnesota National Guard. It was not until that Thursday afternoon that Mr. Walz, a Democrat, signed an executive order activating the Guard. That night, before large numbers of troops were deployed, rioters set a police station on fire. Ever since, the governor’s response to those requests has been under scrutiny, even more so now that Vice President Kamala Harris has selected Mr. Walz as her running mate.

Persons: George Floyd, Tim Walz, Medaria Arradondo, Walz, Floyd, Jacob Frey, Kamala Harris Organizations: Minnesota National Guard, National Guard, Minneapolis Locations: Minneapolis

☆ Strategist outlines how to navigate bond markets
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

George Bory, chief fixed income strategist at Allspring Global, talks about the need to stay nimble when investing in bonds.

Persons: George Bory Organizations: Allspring Global

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