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The large majority, though, have been filed against the state, New York City and local counties and involve allegations of abuse at state prisons and local jail systems. Like, who was I?” said Alexandria Johnson, who says she was raped multiple times while incarcerated in state prison and a New York City jail. The act was modeled after a previous New York law offering people abused as children a temporary window to file claims. Brand was accused in a lawsuit of sexually assaulting a film extra during the making of “Arthur” in 2010. His firm said it made more than 1,200 filings alleging abuse in state prisons and more than 470 alleging abuse at New York City's Rikers Island complex.

Persons: Donald Trump, Sean “ Diddy ” Combs, Russell Brand, ”, Alexandria Johnson, “, Liz Roberts, Kathy Hochul, Jean Carroll, Trump, Harvey Weinstein, Julia Ormond, Weinstein, Antonio “ L.A, ” Reid, Drew Dixon, Reid, Combs, Cassie, Brand, “ Arthur ”, Bill Cosby, Joan Tarshis, Cosby, Tarshis, Adam Slater, Anna Kull, Johnson, ” Kull, Mallory Allen, Darius Paduch, Paduch, James O'Connell, glimpsing, ” O'Connell Organizations: Adult Survivor, Roman Catholic Church, Gov, Trump, Arista Records, Associated Press, New Locations: ALBANY, N.Y, York, New York City, New York, California, British, Carroll, Ormond, Dixon

The Boy Scouts' three-year Chapter 11 bankruptcy case resulted in the largest sexual abuse settlement fund in U.S. history and resolves claims by more than 80,000 men who say they were abused as children by troop leaders, according to the organization. The Boy Scouts settlement was supported by 86% of abuse claimants and the Boy Scouts' two largest insurers, which funded a large part of the settlement. The Boy Scouts organization was able to emerge from bankruptcy after the Philadephia-based 3rd U.S. Money for the settlement comes from the Boy Scouts, local councils, insurers and organizations that have chartered Scouting units and activities, including churches. The Boy Scouts organization has contributed additional insurance rights to the settlement fund, which may be worth as much $4 billion, according to court documents.

☆ Fail or sale? What could be next for stricken Credit Suisse
▼ + stars: | 2023-03-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

In this article CSG.N-CHSBNY Follow your favorite stocks CREATE FREE ACCOUNTPeople walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Barry Norris, CEO of Argonaut Capital, which has a short position in Credit Suisse, stressed the importance of a smooth outcome. watch nowEuropean banking shares have suffered steep declines throughout the latest Credit Suisse saga, highlighting market concerns about the contagion effect given the sheer scale of the 167-year-old institution. At the moment, the forecaster sees the problems at Credit Suisse and SVB as "a collection of different idiosyncratic issues." "We know that for most banks, including Credit Suisse, that exposure to higher yields has largely been hedged.

CASE FOR A SWIFT RETREAT1/ ENERGY PRICESTumbling energy prices are pulling down headline inflation. U.S. inflation rose 6.4% in January, the smallest rise since October 2021, from a 9.1% high last June. Instead, corporate profits have accounted for the lion's share of domestic euro zone price pressures since 2021, ECB data shows. A recent IMF study going back to the 1960s found that only in a small minority of cases where wages and inflation rose together for several quarters did sustained inflation result. The chief executive of Gunvor, a top oil trader, sees oil prices rising in the second half of 2023 on renewed Chinese demand.

☆ A house price slump is coming. Rising unemployment could make it much worse
▼ + stars: | 2022-11-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

Brendon O'Hagan/Bloomberg/Getty ImagesNew Zealand is at the sharp end of a global housing market squeeze that has grim ramifications for the world economy. “In an ideal world, you’ll get a bit of froth blown off the top [of house prices] and everything is fine. “A decisive increase in unemployment is a very big danger for housing markets,” said Slater of Oxford Economics. Qilai Shen/Bloomberg/Getty ImagesA drag on the economyMost market watchers are not expecting a repeat of the 2008 housing market crash. But even a modest a fall in house prices will knock confidence, causing homeowners to cut back on spending.

☆ UK property market at risk of major downturn as recession fears loom
▼ + stars: | 2022-11-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Matt Cardy | Getty Images News | Getty ImagesLONDON — The U.K. property market may be verging on a major downturn, with some market watchers warning of a collapse in prices of up to 30% as data points to the biggest slump in demand since the Global Financial Crisis. Meantime, the MSCI UK Quarterly Property Index, which tracks retail, office, industrial and residential property, slumped 4.3% in the three months to September, marking the sector's worst performance since 2009. The investment bank now sees U.K. property prices declining by around 10% by the second quarter of 2023. Rising interest rates, soaring inflation and the economic shock from Russia's war in Ukraine have weighed heavy on the global housing market. Indeed, according to Goldman Sachs' analysis, for every one percentage point increase in the U.K. unemployment rate, mortgage delinquency tends to rise by over 20 basis points after one year.

Then came the pandemic and a property crisis, and with them, clear evidence of the limits of the debt-fuelled, investment-driven model that had propelled China's economy and businesses like Shores'. "If there is no investment, consumption will be like a tree without roots," said Jia, who previously led a finance ministry think tank. Many uncertainties hang over China's economy: the zero-COVID policy, a crackdown on tech and other industries, geopolitical tensions and rising borrowing costs in export markets. China is widely expected to miss this year's 5.5% GDP growth target and Natixis estimates growth may not even top 3% a year into Xi's next mandate. Oxford Economics expects average annual GDP growth this decade to halve from the 1999-2019 average to 4.5% and slow to 3% in the decade after.

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