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On Wednesday, Dr. James E. Mitchell told a stunned courtroom that episode had not happened. “I didn’t say anything about killing his son,” said Dr. Mitchell, a retired Air Force psychologist who in 2003 waterboarded Mr. Mohammed 183 times for the C.I.A. “He didn’t have sons until later.”Dr. Mitchell later acknowledged he had forgotten his threat. But the episode underscores a new challenge for the military court in the case against four prisoners who are accused of conspiring in the attacks that killed nearly 3,000 people on Sept. 11, 2001: the fading memories and unavailability of witnesses whose testimony is central to getting the death-penalty case to trial. Testimony and other evidence often deteriorate over time, which is one reason that criminal defendants and their victims are entitled to a speedy trial.
Persons: Khalid Shaikh Mohammed, James E, Mitchell, , Mr, Mohammed, ” Dr Organizations: Air Force Locations: U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.
Persons: , Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China
The Leading Economic Index fell for the 22nd consecutive month in January. This story is available exclusively to Business Insider subscribers. The Leading Economic Index brings all of those together to gauge the future state of the economy across multiple dimensions, from growth and unemployment to consumer demand and homebuilding. Here's a screenshot showing the index's historic decline, from The Conference Board's latest release:AdvertisementThe Leading Economic Index has consistently declined ahead of previous recessions. There's no guarantee these four market veterans are right about the Leading Economic Index.
Persons: , Here's, joblessness, David Rosenberg, Merrill Lynch, Jeremy Grantham, Jeffrey Gundlach, Gary Shilling, There's Organizations: Service, Business, Conference Board, Treasury, Manufacturers, Institute, Supply, The Conference, Board, Rosenberg Research, North, DoubleLine, Conference Locations: North American
Housing starts collapsed 14.8% month-over-month in January to a five-month low, according to Census Bureau data released Friday. The decline in new construction flies against the trends of strong and rising demand throughout 2023 and into this year. It also marks a reversal from a period of rising supply seen recently, with new housing starts jumping 14.8% last November. David Rosenberg, economist and president of Rosenberg Research, said in a note that it's hard to determine how much seasonal factors like inclement weather played a part in sending construction starts tumbling last month. Rosenberg added that a strong pipeline of multifamily construction will continue to impact the market for the foreseeable future.
Persons: David Rosenberg, West . Rosenberg Organizations: Business, Rosenberg Research Locations: Midwest, West
The Conference Board's Leading Economic Index fell to its lowest level since April 2020. It marks the first time since July 2022 that the gauge is not signaling a recession ahead. The Conference Board's Leading Economic Index– a gauge of future economic activity — dropped 0.4% to 102.7 in January, signaling the lowest level since April 2020 when the US economy was struck by the COVID-19 pandemic-spurred lockdowns. "The U.S. LEI fell further in January, as weekly hours worked in manufacturing continued to decline and the yield spread remained negative," the Conference Board's Justyna Zabinska-La Monica said on Tuesday. As a result, the leading index currently does not signal recession ahead."
Persons: , LEI, Monica, Andrew Hollenhorst, David Rosenberg Organizations: Service, Conference Board, Federal Reserve Locations: U.S
Prosecutors told relatives of victims of the 2002 bombings in Bali, Indonesia, that the U.S. government made a plea deal with two Malaysian prisoners to try to disentangle the legacy of torture from the eventual trial of the prisoner they accuse of being the mastermind of the Al Qaeda-linked attacks. The two Malaysians provided secret testimony at the time of their sentencing last month. The legacy of torture has complicated prosecutors’ efforts to hold trials in the better known Sept. 11 and U.S.S. Cole bombing cases at Guantánamo. All of it has been fodder for defense lawyers trying to discredit evidence prosecutors hope to use at the war crimes trials.
Persons: Al, Cole Locations: Bali , Indonesia, Al Qaeda, Indonesian, Bali, C.I.A
Justice Arthur Engoron devotes more than a page of his 92-page fraud verdict to Ivanka Trump. In his verdict, Engoron refers to Ivanka Trump's "inconsistent recall," calling it "suspect." AdvertisementAs the Trump fraud trial's only former defendant, Ivanka Trump is long gone from the case. Ivanka Trump and Jared Kushner were together worth an estimated $1 billion during the Trump administration, according to their financial disclosures. AdvertisementA lawyer for Ivanka Trump did not immediately respond to a request for comment on this story.
Persons: Arthur Engoron, Ivanka Trump, Engoron, , Trump, Letitia James, Donald Trump , Jr, Eric Trump, Donald Trump's, Ivanka, Trump's, Louis Solomon of, Jane Rosenberg, Jared Kushner, Donald Trump, It's Organizations: Service, New, Trump Organization, OAG, Trump Organization . Wharton, Deutsche Bank, Court, REUTERS, Trump National Doral, Post, Trump International, Ivanka Trump, Trump, DC Locations: New York, New, Miami, Chicago, Washington ,, Manhattan, New York City, Ivanka Trump's
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.
Persons: , florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London
Al-Shifa, Israeli officials have argued, is an example of Hamas’s willingness to use hospitals as cover and turn civilians into human shields. The portion of the tunnel visible in the Israeli military video is at least 350 feet long. But beyond accusing the Israeli military of planting evidence at hospitals, Hamas and Gazan officials have not directly refuted the evidence presented by Israel. The Israeli military declined to provide additional imagery to support its assertion that this was a tunnel entryway or part of a tunnel complex. Concrete sections of the Al-Shifa tunnel are visible in this still image from the video released by the Israeli military.
There's an 85% chance the US economy will enter a recession in 2024, according to economist David Rosenberg. Rosenberg highlighted a relatively new economic model that has proven to be more timely than the yield curve indicator. "Our conviction that the recession has been delayed but not derailed is still running at a high level," Rosenberg said. AdvertisementA recession is likely to hit the US economy in 2024, according to a new economic model highlighted by economist David Rosenberg. Advertisement"Our conviction that the recession has been delayed but not derailed is still running at a high level," Rosenberg said.
Persons: David Rosenberg, Rosenberg
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFrom Michael Burry's "Big Short" against the housing market to Warren Buffett's warnings during the dot-com bubble, some of the biggest names in finance have taken contrarian stances that paid off. Legendary forecaster Gary Shilling is also defying market consensus by warning the S&P 500 could crash 30%, and predicting a recession will strike this year. He told Business Insider in an interview he actively seeks to disagree with Wall Street for several reasons. This story is available exclusively to Business Insider subscribers.
Persons: , Michael Burry's, Warren Buffett's, Gary Shilling, Shilling, Merrill Lynch's, John Paulson, doesn't, Copernicus, David Rosenberg, it's Organizations: Service, Business Locations: Newton
Donald Trump returns to court Thursday in his New York hush-money case. The hush-money case is on track to be tried first out of the former president and GOP frontrunner's four felony indictments. AdvertisementCourt officers kept careful watch at Donald Trump's hush-money arraignment in New York. Merchan pushed back on any premature trial-date tinkering in a letter he sent the hush-money defense team in early September. Reuters/Jane RosenbergSquabbling over evidenceThere's been plenty of squabbling over evidence in the past six months, the hush-money case file shows.
Persons: Donald Trump, , Stormy Daniels, Juan Merchan, Todd Blanche, Susan Necheles, Timothy A, Clary, He'll, Donald Trump's, Andrew Kelly, Trump, it's, Trump's, Merchan, Jane Rosenberg, Bob Woodward, what's, Matthew Colangelo, Colangelo, There's, Attorney Alvin Bragg Organizations: Service, GOP, NY, Trump, Business, Reuters, Manhattan Criminal, New, Manhattan, Attorney, COC, Prosecutors Locations: New York, Manhattan, Florida, Georgia, Brooklyn, New York County
In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.
Persons: , Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London
CNN —Prince Harry left players starstruck after making a surprise appearance at the NFL Honors ceremony in Las Vegas on Thursday. Before he announced the award’s recipient, Harry took the time to take some humorous jabs at the differences between American and British sports. “Oh man,” Heyward said on stage. Prince freaking Harry. That’s Prince Harry!”Keegan-Michael Key, Heyward and Prince Harry pose for a photo after the Pittsburgh Steelers DT won the Man of the Year award.
Persons: Prince Harry, Duke, Sussex, Harry, , , let’s, Cameron Heyward, ” Heyward, Prince, Man, That’s Prince Harry ! ” Keegan, Michael Key, Heyward, Todd Rosenberg, I’ve, “ I’ve, I’m, “ Cameron, Roger Goodell, Walter Payton, King Charles III Organizations: CNN, NFL, Pittsburgh Steelers, Pittsburgh Steelers DT, Steeler, Foundation, Walter Payton NFL Locations: Las Vegas, British, Pittsburgh
One of the longest-serving prosecutors in the Sept. 11, 2001, case is stepping down, citing the pressure of his repeated trips to Guantánamo Bay on him and his family. The prosecutor, Edward R. Ryan, is a Justice Department lawyer who served on a team of civilian and military prosecutors who for 15 years have sought to start the trial of Khalid Shaikh Mohammed and four other prisoners accused of conspiring in the hijackings that killed nearly 3,000 people in New York, in Pennsylvania and at the Pentagon. Mr. Ryan’s decision was seen as a sign that the case would not be going to trial anytime soon. He represented the government at the prisoners’ original court appearance at Guantánamo in 2008 and participated in nearly all the pretrial hearings since then. On Wednesday, Mr. Ryan told family members of victims of the attacks by email that he was leaving “with the heaviest heart” to return to North Carolina, where he was a federal prosecutor before his Guantánamo assignment.
Persons: Edward R, Ryan, Khalid Shaikh Mohammed, Ryan’s Organizations: Justice Department, Pentagon Locations: New York, Pennsylvania, Guantánamo, North Carolina
Think of "spatial computing" as an umbrella term that refers to merging the digital world with the physical world in a seamless way. Instead, Apple refers to the Vision Pro as a "spatial computer." If you're in the U.S. and have an extra $3,500 lying around, you can now get Apple's latest gadget, the Vision Pro — but don't call it a virtual reality headset. While both augmented reality and virtual reality fall under the spatial computing umbrella, the two terms refer to different user experiences. Apple is positioning the Vision Pro as a full-on computer that could work as an alternative to your desktop or laptop, instead of a device that's mainly used for entertainment, he adds.
Persons: Apple, Louis Rosenberg, Rosenberg, they're Organizations: Apple, Vision, CNBC Locations: U.S
The US has a "super-duper" credit bubble on its hands as "YOLO spenders" take on massive debt, David Rosenberg said. US household savings are quite low at 3.7%, while consumer spending bulged by $208 billion last quarter, financed with debt. "As far as consumer credit is concerned, the default cycle isn't merely looming. AdvertisementToday's consumers — or rather, "YOLO spenders" — have taken on a massive amount of debt, top economist David Rosenberg said. "There is no acknowledgment today that, yet again, we have a super-duper credit bubble on our hands," he wrote in a note on Thursday.
Persons: David Rosenberg, It's, , it's Organizations: US, Service, Business Locations: YOLO
The Supreme Court should not take the bait. The Supreme Court heard oral arguments on that issue on Thursday.) The Supreme Court should decline the invitation and instead allow the trial to proceed. The only clear path to increase the likelihood of a trial before November would be for the Supreme Court to deny Trump’s stay request. There is nothing for the US Supreme Court to add to the issue.
Persons: Joshua A, Douglas, University of Kentucky J, David Rosenberg, Donald Trump, Trump, Jack Smith, Douglas Mark Cornelison, Mark Cornelison, Trump’s, ” “, , , , Douglas Michael Conway, Richard Nixon, Conway, Dahlia Lithwick, Mark Joseph Stern Organizations: University of Kentucky, David Rosenberg College of Law, Voters, Democracy, CNN, DC Circuit, Appeals, DC, Trump, Electoral, Supreme, rehearing, Slate, US, Republican, Twitter Locations: www.joshuaadouglas.com, Colorado
Tucker Carlson is facing backlash for stating that Western media hasn't tried to interview Putin. AdvertisementIt seems even the Kremlin thinks Tucker Carlson has gone too far in his criticism of Western media. The BBC noted that Carlson later changed his tone as the war progressed, saying: "Vladimir Putin started this war... However, Carlson has called Ukraine's President Volodymyr Zelenskyy a "dictator" who "is friends with everyone in Washington". In response to allegations that he is a pawn of Putin , Carlson told Axios in 2022: "I could care less."
Persons: Tucker Carlson, hasn't, Putin, Dmitry Peskov, Carlson's, , Vladimir Putin, Mr Carlson, Max Seddon, Carlson, Evan Gershkovich, Steve Rosenberg, Volodymyr Zelenskyy, Axios, I've, I'm Organizations: Service, Kremlin, Fox News, Street, Financial Times, BBC, Radio, BBC News Locations: Russian, Ukraine, West, Moscow, Russia, Ukraine's, Washington, United States
In 2023, Save America disbursed a total of $1,303,667.11 to the law firm Troutman Pepper Hamilton Sanders, and $1,042,479 to the firm Kellogg, Hansen, Todd, Figel, & Frederick. AdvertisementBoth firms represented Ivanka Trump in New York Attorney General Letitia James's sprawling lawsuit against the Trump Organization, Donald Trump, his three eldest children, and several executives over its finances. Clifford S. Robert and Michael Farina of Robert & Robert served as their local counsel while also defending Eric Trump and Donald Trump, Jr. in the litigation. Kellogg and Figel withdrew from representing Ivanka Trump the following month as the case moved closer to trial. Ivanka Trump didn't respond to a request for comment.
Persons: , Donald Trump, Ivanka Trump, Robert, — Ivanka Trump, Eric Trump, Donald Trump , Jr, Trump, He's, Robert Maguire, Maguire, Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick, Ivanka, Letitia James's, Michael K, Kellogg Hansen, Reid M, Clifford S, Michael Farina, Farina, Lev Radin, Troutman Pepper, Bennett S, Moskowitz, Jeffrey Epstein's, Ketan D, Bhirud, Trump's, Arthur Engoron, Jane Rosenberg, wasn't, Moskowitz —, general's, Michael Cohen, Jared Kushner, Amalija Knavs, Robert didn't, It's, Kushner Organizations: Service, Save America PAC, Commission, Business, PAC, Trump Organization, Save, Trump, Citizens, Election Defense Fund, Ivanka Trump, New York, Pacific Press, Getty, Ivanka Trump's, New, Trump's Save America PAC, Court, REUTERS, America, MAGA PAC, Republican Locations: Washington, New, New York, DC, Manhattan, New York City, U.S, Florida, Palm Beach , Florida
A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.
Persons: , Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials
When Nikki Haley conceded her deflating third-place defeat in the Iowa caucuses this month, the first person she thanked was nearly 8,000 miles away. “I want to say to my husband, who is deployed, who I know may or may not be watching this right now — Michael, I love you,” she said, standing in front of a row of American flags. “What keeps me going at night is that we sleep under the same stars.”It was an unusually personal and almost saccharine note for a politician known for her tough exterior. But it was hardly out of place. Even in his absence, Maj. Michael Haley, a National Guardsman serving a voluntary, yearlong deployment in Africa, has played an outsize role in his wife’s increasingly lonely attempt to snatch the Republican nomination from former President Donald J. Trump.
Persons: Nikki Haley, Michael, , Michael Haley, Donald J, Trump Organizations: National Guardsman Locations: Iowa, Africa
The United States launched scores of strikes across the Middle East over the weekend as Secretary of State Antony J. Blinken set out for the region to push forward negotiations to secure the release of Israelis still held hostage in Gaza and get more humanitarian aid into the battered enclave. The latest strike came Sunday in Yemen, where the U.S. military said it had destroyed an anti-ship cruise missile that belonged to Houthi militants and posed “an imminent threat to U.S. Navy ships and merchant vessels in the region.”It was the third American military action against Iranian-backed militias in as many days: The United States led strikes on Saturday against 36 Houthi targets in northern Yemen, and on Friday carried out airstrikes on more than 85 targets in Syria and Iraq. American officials insist that the strikes have been carefully calibrated to avoid setting off an open confrontation with Iran and say that they have degraded the ability of the militias to attack U.S. forces.
Persons: Antony J, Blinken Organizations: United, U.S . Navy Locations: United States, East, Gaza, Yemen, Syria, Iraq, Iran, U.S
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. It is October 1958 and the tap dancer Henry Heard has taken the stage at the Copa Club in Columbus, Ohio, as part of a tour by the Idlewild Revue, which hails from a resort town for African Americans in northwest Michigan. A slender, elegant man with one arm and one leg, he begins his performance by dancing with a crutch. Less than a minute in, he throws the crutch offstage and continues to dance, to thunderous applause.
Persons: Henry Heard Organizations: Copa Club, Idlewild Locations: Times, Columbus , Ohio, Michigan
CNN —The former chief financial officer of the Trump Organization is in talks to potentially plead guilty to a perjury charge related to a civil investigation into the real estate company’s finances, people familiar with the matter said. He testified at the criminal tax fraud trial of two Trump Organization entities, which were convicted and fined. The New York Times first reported that Weisselberg was in talks with prosecutors to resolve the investigation. The district attorney’s office has pressured Weisselberg for months about potential charges related to insurance fraud and perjury. The New York attorney general’s office is seeking more than $370 million in disgorgement from Trump as well as a ban from doing business in the state.
Persons: Allen Weisselberg, Weisselberg, Donald Trump, Trump, Seth Rosenberg, Alvin Bragg Organizations: CNN, Trump Organization, New, New York Times, Trump Locations: Manhattan, New York, Trump
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