DIRS.INFO The most relevant business & tech news

Known in the legal world as the “death penalty” of child welfare, it can happen in a matter of months. One in 100 U.S. children — disproportionately Black and Native American — experience termination through the child welfare system before they turn 18, the study found. Still, longer timelines can also reflect a stronger focus on family reunification and a willingness to devote greater resources to meet that goal, child welfare experts say. And some child welfare advocates have criticized the law’s focus on narrow initiatives like parenting classes, which they say fail to address poverty and the other root causes of neglect that prompt most child welfare cases. Snodgrass said she never imagined when her child welfare case started that she could lose her rights to her children.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

☆ Biden Advisers Craft Re-Election Plans as President Weighs Final Decision
▼ + stars: | 2022-12-17 | by ( Ken Thomas | Catherine Lucey | ) www.wsj.com time to read: 1 min

WASHINGTON—President Biden’s advisers are moving forward with planning for the president’s likely 2024 re-election campaign, with discussions focused less on whether Mr. Biden will seek a second term and more on how a campaign would operate alongside the White House next year. Mr. Biden’s team has begun to hold preliminary discussions about the structure of the campaign and who could fill key roles, though there is no timeline for hiring, as well as where headquarters would be located. Possibilities include Philadelphia, where the 2020 campaign was based before the Covid-19 pandemic, and the president’s hometown of Wilmington, Del., people close to the discussions said.

☆ Biden touts new law giving veterans suffering from burn-pit exposure more help: ‘The benefits are real’
▼ + stars: | 2022-12-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +3 min

“And the benefits are real, they’re real benefits like exposure screening. Since Biden signed the law, more than 185,000 veterans have applied for benefits, the White House said. More than 730,000 veterans have also received screenings for toxic exposure, with nearly 39% reporting concern of exposure. The law gives veterans exposed to burn pits access to more medical care and disability payments. Biden said he has directed the Department of Veterans Affairs to treat the 23 presumptive conditions in the law immediately.

If Celsius deposits are determined to belong to customers, users are far more likely to get their assets returned. Crypto companies typically offer a variety of accounts and they will likely be treated differently in bankruptcy. BlockFi, which is at the beginning of its own bankruptcy case, also offers both interest-bearing and custody accounts. 'WORSE THAN BANKS'Courts will also have to look beyond the user agreements and examine how crypto companies actually handled the deposits, according to bankruptcy specialists. “This is going to have enormous influence on crypto companies and crypto customer behavior."

You can blame the persistently high prices seen throughout the economy right now. But for many families, prices "are not coming down but just stabilizing at a higher level," he said. Although prices for beef and produce are coming down a bit, the cost of chicken remains high. Rising wages for cashiers and the cost of dealing with theft are two additional factors causing prices to shift upward at Walmart stores. "If that is not corrected, over time prices will be higher and stores will close," McMillon said.

☆ Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial
▼ + stars: | 2022-11-19 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

A weeklong trial in Delaware focused on Elon Musk’s compensation package and the deal that led to it. WILMINGTON, Del.—The scale of concern among Tesla Inc. board members about how to keep Elon Musk‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package. A desire to motivate Mr. Musk to focus on Tesla triggered a monthslong pay negotiation that culminated in the shareholders’ approval of a 2018 CEO equity grant valued at roughly $48 billion at recent stock prices.

[1/2] Elon Musk, Chief Executive Officer (CEO) of SpaceX, Tesla and Twitter, arrives for a trial about his Tesla pay package at the Delaware Court of Chancery in Wilmington, Delaware, U.S., November 16, 2022. "The amount of pain, no words can express," Musk testified on Wednesday. The package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met. "It wasn't a knock-down, drag-out affair," Todd Maron testified about the pay talks in 2017 when he was general counsel. You could almost make an argument they didn't pay him enough because he ran off after Twitter."

☆ Elon Musk’s Tesla Compensation Trial Turns to Financial Experts in Closing Days
▼ + stars: | 2022-11-17 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

A five-day trial over Elon Musk’s multibillion-dollar pay package at Tesla is entering its closing days. WILMINGTON, Del.—The trial over Elon Musk‘s multibillion-dollar pay package at Tesla Inc. enters its closing days with outside financial experts poised to take the stand. Richard Tornetta, a Tesla shareholder, is seeking to nullify Mr. Musk’s 2018 pay package, alleging that the CEO controlled the board’s consideration of his grant and that the board failed to disclose crucial information to shareholders, who signed off on it.

☆ Elon Musk Was an Unlikely Flight Risk at Tesla When Pay Package Came Together, His Brother Said
▼ + stars: | 2022-11-17 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

The question of whether Mr. Musk was likely to walk away from Tesla when the board signed off on his pay package has been a theme through the week’s testimony. WILMINGTON, Del.—Elon Musk was unlikely to walk away from his role as chief executive of Tesla Inc. in 2018, around the time shareholders signed off on a new, multibillion-dollar pay package for him, the CEO’s brother said. Kimbal Musk ‘s comments came in 2021 deposition testimony that was played Thursday in a trial over Elon Musk’s latest pay deal at Tesla. The question of whether Mr. Musk was a flight risk when the board signed off on the grant has been a theme throughout the week’s testimony.

- Ray said he had secured $740 million in cryptocurrency, a "fraction" of what he hopes to recover during the bankruptcy. Bankman-Fried and his co-founders failed to identify wallets that might contain FTX assets, he added. - Record keeping was so lax that Ray said he was unable to compile a complete list of FTX employees. - The second silo is Alameda Research LLC, which Ray described as a crypto hedge fund owned by Bankman-Fried and Wang with assets of $13.46 billion. - The other silos were Ventures, which manages private investments and had around $2 billion in assets, and Dotcom, which owned non-U.S. exchanges with $2.25 billion in assets.

☆ Elon Musk to Take Stand in Trial Over His Tesla Compensation Package
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Elon Musk is slated to take the stand Wednesday in a shareholder lawsuit over his multibillion-dollar compensation package at Tesla Inc. The trial that kicked off Monday in Delaware’s business-law court has focused on whether Mr. Musk, Tesla’s chief executive, had undue influence over a 2018 pay package that is worth around $52 billion at recent share prices.

☆ Elon Musk Says He Expects to Name a Twitter Boss as He Testifies Over His Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Elon Musk said he expects to name someone else to run Twitter Inc. and gradually scale back how much time he spends managing the platform he acquired late last month for $44 billion. Mr. Musk, who also runs Tesla Inc. and rocket company SpaceX, said he has been spending the lion’s share of his time on Twitter recently. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” Mr. Musk said while testifying in Delaware in a trial over his Tesla compensation package.

☆ Elon Musk Says He Expects to Name a Twitter CEO as He Testifies Over His Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

☆ Elon Musk Testifies in Court Over His Multibillion-Dollar Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Elon Musk said the targets in his multibillion-dollar Tesla Inc. pay package were “extremely unlikely” when initially contemplated, as he defended the grant on the stand Wednesday. The trial that kicked off Monday in Delaware’s business-law court has focused on whether Mr. Musk, Tesla ‘s chief executive, had undue influence over a 2018 pay package that is worth around $52 billion at recent share prices.

The Polish government convened an emergency security and defense meeting Tuesday and agreed to increase its military readiness, government spokesman Piotr Mueller said, after an explosion killed two people near the border with Ukraine. It was not clear what caused the explosion in the southeastern town of Hrubieszów, Mueller said after the emergency meeting was convened. The longer Russia feels impunity, the more threats there will be to anyone within reach of Russian missiles,” Ukrainian President Volodymyr Zelenskyy wrote on Telegram. We must act.”The prospect of Russian missiles possibly hitting Poland, a member of NATO, triggered fears that the war in Ukraine could intensify sharply. Estonia is ready to defend every inch of NATO territory,” the country’s foreign minister said via Twitter.

☆ Tesla Chair Testifies in Elon Musk’s Compensation Trial in Delaware
▼ + stars: | 2022-11-15 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

In this courtroom sketch from Monday, venture capitalist Ira Ehrenpreis was cross-examined in Elon Musk’s compensation trial. WILMINGTON, Del.— Tesla Inc. Chair Robyn Denholm kicked off testimony Tuesday in the second day of a trial over Elon Musk‘s multibillion-dollar pay package at the electric-vehicle maker. A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders who signed off on it—such as how achievable the company viewed certain milestones to be. The package is worth around $51 billion at recent share prices.

☆ Elon Musk’s Influence Over Tesla’s Board in Focus as Tesla Compensation Trial Kicks Off
▼ + stars: | 2022-11-14 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Opening-day testimony in the trial over Elon Musk‘s multibillion-dollar pay package at Tesla Inc. centered on the CEO’s role in determining his own compensation. A Tesla shareholder, Richard Tornetta , is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders, who signed off on it. The package is worth around $51 billion at recent share prices.

☆ Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off
▼ + stars: | 2022-11-14 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—The trial over Elon Musk‘s multibillion-dollar pay package at Tesla Inc. kicked off Monday morning in Delaware’s business-law court. A Tesla shareholder, Richard Tornetta , is seeking to nullify Mr. Musk’s 2018 compensation grant, valued at around $52 billion at recent share prices. The plaintiff is alleging that the board at the time failed to disclose crucial information about the package to shareholders, who signed off on it.

☆ Maryland Gov. Larry Hogan blasts Trump's continued influence within the GOP after the party's midterm election performance: 'I'm tired of losing'
▼ + stars: | 2022-11-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Larry Hogan said he's "tired of losing" following a lackluster GOP showing in the midterms. Hogan pointed to former President Donald Trump's continued influence over the GOP as a major issue. Larry Hogan on Sunday criticized former President Donald Trump's continued influence within the GOP, pointing to the ex-president as the source of party's lackluster showing in the 2022 mid tem elections and emphasizing that he's "tired of losing." And Donald Trump kept saying, we're going to be winning so much, we will get tired of winning." Moore, an Army veteran and author, won this year's Maryland gubernatorial election in a landslide over GOP Del.

☆ Businesses Rush to Sidestep Rate Shock by Paying Down Debt
▼ + stars: | 2022-11-09 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession. As a result, some are taking steps to rein in expenses and cut interest costs, while others are looking to put cash reserves to work as their bank deposits continue to generate minimal yields. Beauty paid an annual interest rate of 4.9% on the loan, according to Mandy Fields, the company’s chief financial officer. About two-thirds of the loan carried a 5% interest rate that was fixed through a swap, which was set to expire in 2025. The two transactions reduced KAR’s annual interest costs by $70 million, to an estimated $15 million a year, Mr. Loughmiller said.

Spreading lies, misinformation and doubt about the 2020 election have proven to be a winning strategy for many Republicans across the United States. The analysis identified more than 370 candidates who cast doubt in some way on the 2020 election. House Republican newcomer said the 2020 election was stolen House Republican newcomer questioned the 2020 election in other ways W y o . M o . T e x as T enn. A vast majority of states will have one or more Republicans who cast doubt on the 2020 election. More than a Dozen Skeptics Elected in the SenateThe 16 Republican skeptics elected so far include several who have outright denied the 2020 election, including J.D.

Rep. David Trone is running against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. The 6th District is located in the western region of the state. Democratic Rep. David Trone once again faces off against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. 2022 General EmbedsMaryland's 6th Congressional District candidatesTrone, first elected in 2018, serves on the House Appropriations and Veterans' Affairs Committees and the Joint Economic Committee. Voting history for Maryland's 6th Congressional DistrictMaryland's 6th Congressional District covers all of Frederick County.

In the wake of Greene’s statement and other Republicans aligned with former President Donald Trump questioning the amount of U.S. aid delivered to Ukraine in recent weeks, Sens. A key supporter of Kyiv, Portman is the co-chair and co-founder of the Senate Ukraine Caucus and a member of the Senate Foreign Relations Committee. His departure from Congress is seen as a potential blow for Ukrainian support. Some Ukrainian officials have expressed nervousness in recent weeks, as news stories indicated potential GOP opposition to continued support for Kyiv. Barry Reeger / AP fileYuriy Saks, adviser to Ukraine Minister of Defense Oleksii Reznikov, told NBC News on Monday that he hoped the results of the U.S. election would not affect the country’s continued support of Ukraine.

[1/2] SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. REUTERS/Adrees LatifCompanies Twitter Inc FollowTesla Inc FollowWILMINGTON, Del., Nov 7 (Reuters) - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing. Does Elon Musk work for the board or does the board work for Elon Musk," said Minor Myers, a professor at UConn School of Law. Myers said if the pay package is rescinded, the board could simply create a new one and do so with McCormick's ruling to guide them.

Search resuls for: "Del."

25 mentions found