DIRS.INFO The most relevant business & tech news

☆ Global public debt will hit $100 trillion by year-end, says IMF
▼ + stars: | 2024-10-23 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Global public debt will rise above $100 trillion by the end of 2024, the agency projected in its annual Fiscal Monitor report. By the end of the decade, the IMF forecasts global public debt will reach 100% of world GDP. The U.S. and China account for a significant share of rising public debt levels. If the two countries were excluded from calculations, the global public debt to GDP ratio would fall around 20%, the IMF said. Unsustainable debt levels place countries' markets at risk of a sudden sell-off if investors view a country's fiscal health as too poor.

Persons: Vitor Gaspar, shutdowns, spending's Organizations: International Monetary Fund, Monetary Fund, Global, U.S . Treasury Department Locations: Washington , DC, U.S, China, Saharan Africa

NBC News interviewed 10 women who say they gave birth with Baker, two in Wisconsin before 2014 and eight in Mexico in the years since. On social media, accounts with the usernames “Heather Baker Midwife” and “heatherbakermidwife,” one of which had her photo, sent “cease and desist” messages to Nosek and another former client. John Beard, a spokesperson for the Wisconsin licensing agency, declined to answer questions about Baker, citing an ongoing investigation. After an initial check when Baker arrived, Nosek told NBC News, Baker checked his heartbeat only four times after her labor began. Baker, Nosek said, tried to resuscitate him.

Persons: Jennifer Nosek’s, Heather Baker, Nosek, ”, Nosek’s, Baker, isn’t, Rene Lamos Nosek, she’d, Baker’s, Baker didn’t, “, ” Caroline Clancy, John Beard, didn’t, Jordan, ” Nosek, “ I’m, Rene Lemos, Joaquin, wouldn’t, Stephanie Mitchell, ” Baker, Mexico’s, Aviva Romm, Romm, Misoprostol, Anna Moneymaker, aren’t, Gynecologists, Luciana Suarez, Luciana Suarez Luciana Suarez, Suarez, Luciana Suarez “, Heather, ” Suarez, ” Misoprostol, Becky Whitmore, Kate McLean, “ That’s, ” Robin Benedict, Allan Spencer, Robin Benedict Heather Baker, Robin Benedict's, Robin Benedict Robin Benedict, Benedict, Jennifer Nosek, Laurita, Lemos, Lemos couldn’t, ” Lemos, He’s, Baker scribbled, who’d, they’d, Julian Zaire, Jackie Dives, Sayulita, Luciana Suarez’s, Thai Shaffer, Julian, you’ll Organizations: Canadian, NBC, FBI, Wisconsin Department of Safety, Professional Services, NBC News, Milwaukee, Jordan Siemens, Getty, Services, American College of Obstetricians, OB, PayPal, American College of, ” Locations: Sayulita, Mexico, Nosek’s, Wisconsin, Nayarit, Mexican, U.S, Canada, Alabama, contrx, Washington, American, Nosek, British Columbia, Joaquin

☆ Boeing insists it’s fixing itself. A lot of the folks talking to investigators don’t agree
▼ + stars: | 2024-08-07 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +11 min

The door plug was removed at the Boeing factory in Renton, Washington, last September so that problems with some rivets could be repaired. But the necessary paperwork for that temporary door plug removal was apparently never created. But under questioning from the NTSB Lund admitted that it’s not clear who and when that door plug was put in place. “Are you 100% sure there will never be an unauthorized removal (of a door plug)?” Homendy asked. Asked if he could promise there will not be another door plug improperly installed, Silva answer, “I cannot make a promise or guarantee of that.

Persons: Max, –, Elizabeth Lund, Lund, it’s, Jennifer Homendy, Homendy, “, ” Homendy, ”, Hector Silva, ” Silva, Silva, J, Todd Inman, AeroSystems, Manuel Balce Ceneta, James Phoenix, ” Phoenix, ” Lund, Boeing’s, CNN’s Owen Dahlkamp, Danya Gainor, Celina Tebor, Nicki Brown, Ramishah Maruf, Samantha Delouya Organizations: Washington CNN —, Boeing, National Transportation Safety Board, Alaska Airlines, NTSB, Alaska Air, Boeing Commercial Airplanes, CNN, Federal Aviation, FAA, Federal Aviation Administration, Boeing . Workers, Toyota Locations: Renton , Washington, Alaska, Washington

☆ Venezuelan Election Denounced by International Monitoring Group
▼ + stars: | 2024-07-31 | by ( Frances Robles | ) www.nytimes.com time to read: +1 min

The only independent observer monitoring the polls in Venezuela said that Sunday’s vote for president did not meet international standards and was undemocratic, raising more questions about the legitimacy of the results. The mission, led by the Carter Center, a pro-democracy organization, said late Tuesday that the election violated Venezuela’s own laws and the government’s failure to release a vote count was a “serious breach of electoral principles.’’The group joined the United States and many other countries that have said Venezuela’s election was marred by irregularities. At least 16 people have been killed in protests that erupted after election officials declared the country’s autocratic leader, President Nicolás Maduro, the winner. The condemnation by the Carter Center, which was the lone independent election monitor the government allowed into Venezuela ahead of the vote, came hours after opposition leaders announced updated election results showing Mr. Maduro received less than a third of votes cast.

Persons: Nicolás Maduro, Maduro Organizations: Carter, United Locations: Venezuela, United States

☆ Sharks are congregating at a California beach. SharkEye’s AI is trying to keep swimmers safe
▼ + stars: | 2024-07-29 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

CNN —On summer mornings, local kids like to gather at Padaro Beach in California to learn to surf in gentle whitewater waves. Human vs. AI shark detectionA rise in the popularity of drones, and the proliferation of social media, may make it seem like sharks are everywhere. Although there hasn’t been a fatal attack recorded at Padaro Beach, some community members were concerned when sharks began loitering there. SharkEye's drone pilot, Samantha Mladjov, at Padaro Beach in California. Officials in Honolulu said this month that they’re considering launching a drone shark surveillance program, according to local media.

Persons: SharkEye, ” Neil Nathan, BOSL, hasn’t, Nathan, Samantha Mladjov, Science Laboratory Nathan, ”, “ Organizations: CNN, University of California Santa, Science Laboratory, Science, Stanford University, Florida Museum, Natural, New, Officials, “ Sharks Locations: Padaro, California, New York, Sydney, Padaro Beach, Santa Barbara, India, Australia, Queensland, Mexico, Caribbean, New South Wales, Bondi, Honolulu, Hawaii

☆ Adams Blocks Law That Bans Solitary Confinement in New York Jails
▼ + stars: | 2024-07-28 | by ( Chelsia Rose Marcius | ) www.nytimes.com time to read: +1 min

Mayor Eric Adams declared a state of emergency in New York City jails on Saturday and issued an executive order that blocked key parts of a local law that would have banned solitary confinement in the jails. The order, one of three Mr. Adams issued on Saturday that pertained to the jails, was an unusual step that came only one day before the law was set to go into effect. After Mr. Adams vetoed the bill in January, arguing that it would make jail staff and detainees less safe, the Council issued a rare override of his veto. The law would have banned solitary confinement for detainees who were accused of breaking jail rules, beyond a four-hour “de-escalation period” during an emergency. It would also have banned the use of handcuffs or shackles to restrain detainees riding in Correction Department vehicles.

Persons: Eric Adams, Adams, Amaris Organizations: City Council, Department, Correction, Hall Locations: New York City

Kid's savings accounts are a great way to teach your kids how to budget, create savings goals, and start building up their savings. Best Kids Savings Account ReviewsThe best savings accounts for kids offer good monitoring features, educational resources, and low monthly fees. Key Benefits of a Kids' Savings AccountThe key benefit of getting a kid's savings account is that you can grow your child's savings in a relatively accessible and safe way. Features to Look for in a Kids' Savings AccountHigh Interest Rates on Kid's BankingFor the most part, kid's savings accounts are interest-earning accounts. How to Open a Savings Account for Your ChildChildren's Savings Account Eligibility RequirementsA kid cannot open a savings account on their own.

Persons: Chase, Alliant, Foster, JP Morgan Chase, Jeffrey Epstein's, Banks, isn't, there's, Tania Brown, Sophia Acevedo, Mykail James, Roger Ma, James Organizations: Mortar Bank Chase, Chase, Best Online Bank, Best Credit Union Alliant Credit, Credit Union, Foster, Business, Chase Bank, Washington DC, Capital, Credit, Alliant Credit, Savings, Foster Care, U.S . Virgin, Banking, Kid's Banking, Kid's, Kids, FDIC Locations: NY, LA, TX, VA, NJ, Washington, Connecticut , Delaware , Louisiana , Maryland , New Jersey , New York , Texas, Virginia, Chevron

☆ Justice Department Is Said to Offer Boeing Plea Deal Over 737 Max Crashes
▼ + stars: | 2024-06-30 | by ( Niraj Chokshi | More About Niraj Chokshi | ) www.nytimes.com time to read: +1 min

The Justice Department plans to offer Boeing a plea deal related to a pair of fatal crashes involving its 737 Max plane more than five years ago, but the agreement would fall short of what families of the victims of those crashes had sought, a lawyer representing the families said on Sunday. In a statement, the lawyers described the offer as a “sweetheart plea deal” and said that it would not force Boeing to admit fault in the deaths of the 346 people who died in the crashes in late 2018 and early 2019. “The families will strenuously object to this plea deal,” Paul G. Cassell, a lawyer representing families and a University of Utah law professor, said in the statement. He added, “The memory of 346 innocents killed by Boeing demands more justice than this.”The deal would include a fine, three years of probation and the appointment of an external monitor, Mr. Cassell said. The Justice Department was meeting with the families on Sunday afternoon.

Persons: ”, ” Paul G, Cassell Organizations: Department, Boeing, Cassell, University of Utah, The Justice

☆ Here’s what it means when a company like Boeing faces criminal charges
▼ + stars: | 2024-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. Earlier criminal settlement now at riskThe potential charges hanging over Boeing currently revolve around that January 2021 deferred prosecution agreement. They have argued Boeing should face new criminal charges and pay a fine as great as $24.9 billion. In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Arlen said it is common for smaller companies to be forced out of business by criminal charges and the penalties that follow.

Persons: ”, Jennifer Arlen, Arlen, Lindsey Wasson, ” Arlen, “, Max, David Burns, Mark Forkner, Eduardo Soteras, Arthur Andersen Organizations: New, New York CNN, Justice Department, Boeing, Dow Jones, New York University, Control, Max, Federal Aviation Administration, FAA, Alaska Airlines Flight, NTSB, Getty, Alaska Airlines, Prosecutors, CNN, Oil, BP, US Environmental Protection Agency, Ethiopian Airlines Locations: New York, China, Renton , Washington, Alaska, AFP

☆ Financial crimes watchdog removes Turkey from money laundering 'gray list'
▼ + stars: | 2024-06-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on Friday removed Turkey from its "gray list" of countries that need special monitoring, handing a major vote of confidence to the country in the midst of its economic turnaround efforts. It said that Turkey had strengthened the effectiveness of its AML/CFT regime to address "deficiencies" that FATF listed in its October 2021 monitoring report. Those deficiencies included FATF concerns over unregistered money transfer services, insufficient resources dedicated to terrorist financing investigations, alleged involvement in sanctions evasion, lack of oversight on high-risk sectors used for money laundering such as banking and real estate, and insufficient oversight of nonprofit organizations that could be used for terrorist financing, among others. The FATF in its 2021 report had found sectors like banking, construction and property in Turkey vulnerable to illicit financing of United Nations-sanctioned groups like the Islamic State and al-Qaeda.

Organizations: Force, United Nations Locations: Istanbul, Turkey, Paris, Islamic State

☆ Prosecutors urge Justice Department to file criminal charges against Boeing over 737 Max
▼ + stars: | 2024-06-24 | by ( Chris Isidore | Evan Perez | ) edition.cnn.com time to read: +4 min

New York CNN —Prosecutors are urging the US Justice Department to file criminal charges against Boeing for safety issues surrounding its 737 Max, although top Justice Department officials haven’t made a final decision, a source familiar with the development tells CNN. And this month a group of those family members wrote a letter to the Justice Department urging Boeing be hit with the maximum possible $24.9 billion fine. The charges against Boeing don’t mean any Boeing executive will face charges as an individual. It has posted core operating losses of $31.9 billion since the start of the 20-month grounding of the 737 Max that followed its second fatal crash in 2019. But if the company faces criminal charges, a new settlement is the most likely outcome.

Persons: haven’t, Max, Richard Aboulafia Organizations: New, New York CNN — Prosecutors, US Justice Department, Boeing, CNN, Alaska Air, Justice Department, Federal Aviation Administration, FAA, Reuters, Justice, Department of Defense Locations: New York, Alaska

☆ Boeing May Evade Criminal Charges for Violating Settlement
▼ + stars: | 2024-06-21 | by ( Mark Walker | Glenn Thrush | ) www.nytimes.com time to read: +1 min

The department has not made final decisions or ruled out bringing charges, or some other solution, the people said. But it is considering offering Boeing what is known as a deferred prosecution agreement, which is often used to impose monitoring and compliance obligations on businesses accused of financial crimes or corruption, as opposed to trying to convict the company. The agreement, if it is offered, might stipulate that Boeing install a federal monitor to oversee safety improvements, according to the people familiar with the situation. Federal prosecutors said in May that Boeing had violated a previous deferred prosecution agreement by failing to set up and maintain a program to detect and prevent violations of U.S. anti-fraud laws. The settlement was reached in 2021, after Boeing admitted in court that two of its employees had misled federal air safety regulators about a part that was at fault in the two crashes.

Persons: Max Organizations: Boeing

☆ Pacific Indigenous leaders have a new plan to protect whales. Treat them as people
▼ + stars: | 2024-06-14 | by ( Jared Formanek | ) edition.cnn.com time to read: +13 min

Along with the Māori of New Zealand and groups from the Cook Islands, Indigenous leaders from Tahiti, Tonga, Hawaii, and Easter Island signed the He Whakaputanga Moana treaty. In the coming months, she plans to engage with various countries throughout the Pacific to discuss whale personhood legislation. The Cook Islands office said it had “yet to receive a formal submission” from indigenous leaders on the declaration’s implementation. Māori King Tūheitia Pōtatau and Tou Travel Ariki, Cook Islands President of the House of Ariki, at the signing of the He Whakaputanga Moana declaration in Rarotonga, Cook Islands. This came after a global ban on commercial whaling was instituted by the International Whaling Commission in 1986.

Persons: Mere, “, Tūheitia Pōtatau, Josh Baker, ” March’s, ”, Takoko, Britain’s King Charles III, Moana, Māori, Michelle Bender, ” Bender, Carlos Duarte, Ralph Chami, Chami, Miguel Medina, ” Chami, Duarte, Emily Charry Tissier, Charry Tissier, ” Duarte Organizations: Hong Kong CNN, Easter, Conservation, Fund, Nature, Conservation International Aotearoa, Ocean Initiative, New Zealand, Nations, New, Commonwealth, CNN, RNZ, New Zealand’s Ministry of Foreign Affairs, Trade, ’ Office, International Whaling Commission, Ocean, King Abdullah University of Science, Technology, Bahia, Natural, Getty, “, International Monetary Fund, Initiative, United Nations Locations: Hong Kong, Rangitukia, New Zealand’s, Cook, New Zealand, Cook Islands, Tahiti, Tonga, Hawaii, Moana, Rarotonga, Atlantic, New, Te Whānau, Pacific, Samoa, Whanganui, “, Zealand, , New Zealand, Wellington, Seattle, Japan, Washington ,, Bahia Malaga, Colombia, AFP

☆ The ocean is still largely unexplored. Underwater tech could help illuminate its mysteries.
▼ + stars: | 2024-06-13 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +7 min

But below the surface, the mini marine sanctuary is also a test bed for underwater technology that may take researchers to literal new depths. In the ocean, Underwater IoT could look like floating sensors, swarms of crewless vehicles, or a tetherless, wireless robot. Interest in ocean IoT is increasing because of its potential scientific, military, commercial, and conservation applications. AdvertisementWaleed Akbar, a research assistant at the MIT Media Lab, said that while developing underwater IoT is challenging, it's necessary. There's also the issue of energy consumption: Generally, preliminary underwater IoT devices have used batteries with limited capacity.

Persons: Wahoo Bay, Rob Wyre, Waleed Akbar, Akbar, There's, Dimitris Pados, Pados, Wahoo, Wahoo Bay . Florida Atlantic University Pados, they'll, Wyre, We've Organizations: Shipwreck, Wahoo, Florida Atlantic University, MIT Media Lab, MIT, Business, US Navy, Center for Connected Autonomy, Artificial Intelligence, Wahoo Bay . Florida Atlantic University Locations: Pompano Beach , Florida, Wahoo, Wahoo Bay ., Pompano Beach, Wyre, Wahoo Bay

☆ UAW President Shawn Fain under investigation by federal monitor
▼ + stars: | 2024-06-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Shawn Fain, who led the United Auto Workers union in its strike against all three unionized American automakers last fall, is under investigation by a federal monitor overseeing the union. It dredges up past union corruption issues that sent previous union officials to prison, an issue that helped Fain win a narrow upset victory to lead the union last year. Fain was a guest of President Joe Biden at the State of the Union speech, where Biden recognized and praised him. Biden also joined Fain on the picket line during last year’s auto strike, the first sitting president to visit a picket line. Fain, a former critic of both former President Donald Trump and the Biden administration, has become a vocal supporter of Biden, who has been endorsed by the UAW.

Persons: Shawn Fain, Fain, Margaret Mock, “, Neil Barofsky, Rich Boyer, Boyer, Barofsky, Mock, ” Barofsky, ”, We’re, Stellantis, Joe Biden, Biden, Donald Trump Organizations: New, New York CNN, United Auto Workers, UAW, Volkswagen, Stellantis, TARP, General Motors, Ford, State Locations: New York, Tennessee, Mercedes, Alabama

☆ UAW president under investigation by federal monitor
▼ + stars: | 2024-06-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — United Auto Workers President Shawn Fain is under investigation by a federal court-appointed watchdog who is tasked with monitoring the union and eliminating corruption, according to a Monday court filing. The monitor, Neil Barofsky, is investigating whether Fain abused his power as union president. He also accuses union leaders, including Fain, of obstructing the investigation and interfering with his access to information. More recently, the filing says the monitor expanded the investigation to include additional allegations of retaliation by Fain against one of the union's vice presidents. The monitor also opened an unrelated investigation into another unnamed UAW International Executive Board, or IEB, member, a regional director, after receiving allegations of potential embezzlement, according to the filing.

Persons: Shawn Fain, Neil Barofsky, Fain Organizations: United Auto Workers, Health, Education, Labor, Pensions, Washington , D.C, DETROIT — United Auto Workers, UAW, U.S . Department of Justice, Union, UAW International, Board Locations: Dirksen, Washington ,, DETROIT

☆ Opinion: Restricting and monitoring social media won’t protect kids — here’s what will
▼ + stars: | 2024-05-15 | by ( Opinion Michal Luria | Aliya Bhatia | ) edition.cnn.com time to read: +9 min

But the bills mentioned by policymakers at a congressional hearing last month to address the problem — specifically, the Kids Online Safety Act (KOSA) and the Protecting Kids on Social Media Act — may do more harm than good. The Senate Commerce, Science and Transportation Committee will be considering the Protecting Kids on Social Media Act on Thursday. Both KOSA and the Protecting Kids on Social Media Act also propose parental monitoring tools to help guardians observe their children’s online activities. Join us on Twitter and FacebookBut that’s not enough — social media platforms should continue taking active steps toward more thoughtful designs for young people. A parent might talk to their child about what they are doing online or respond to something they post on social media.

Persons: Michal Luria, Aliya Bhatia, Aliya Bhatia Tim Hoagland, — Organizations: Center for Democracy & Technology, CNN, US, American Psychological Association, Pew Research Center, Social Media, Senate Commerce, Science, Transportation, Research, Global, American Privacy, APRA, Federal Trade Commission, Social, Twitter

Preorders for Sony's Bravia 3 and Bravia 7 4K TVs are now available, but preorders for the Bravia 8 and Bravia 9 are not yet live. AdvertisementSony Bravia 9 Mini LED 4K TV price and specsThe Bravia 9 boasts an advanced backlight with high brightness capabilities. B&H PhotoSony 65-inch Bravia 9 Mini LED QLED 4K TV Sony's new high-end Bravia 9 is its most advanced 4K QLED TV yet. AdvertisementSony Bravia 8 OLED 4K TV price and specsThe Bravia 8 is the successor to Sony's A80L midrange OLED TV from 2023. AdvertisementSony Bravia 3 LED 4K TV price and specsThe Bravia 3 is an entry-level 4K TV so it's missing many of the advanced image quality features found on other Bravia models.

Persons: what's, we've, A80L, that's, QLED, Sony's X95L, Sony's, it's Organizations: Business, Sony, Google, Hollywood, Sony Sony, Samsung, LG, Amazon Sony

But Secretlab's Magnus Pro Standing Desk solves this problem and then some. Here's why the Secretlab Magnus Pro is one of our picks for the best standing desks you can buy. Secretlab Magnus Pro The Magnus Pro has incredibly thoughtful cable management and supportive add-ons that make it a great choice for gamers, streamers, and anyone who uses multiple monitors and accessories. Sarah Saril/InsiderIt's important to note that the Magnus Pro takes some time and energy to put together. Sarah Saril/InsiderThere's no denying that the Secretlab Magnus Pro is one of the priciest standing desks you can buy.

Persons: Secretlab's Magnus, I've, Secretlab Magnus Pro, Magnus Pro, Magnus, Sarah Saril, it's, you've, Secretlab, Magnus Pro XL, It's Organizations: Business, Magnus Pro XL, Secretlab, Cable, Magnus, Magnus Pro, Magnetic Cable

☆ Your guide to setting up the ultimate home office in 2024
▼ + stars: | 2024-03-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +7 min

So it's worth investing in a home office setup that maximizes comfort and productivity. AdvertisementThe pandemic upended the corporate world by shifting millions of people from office desks to kitchen counters, couches, and dining tables. Whether in a fully remote role or a hybrid one, investing in a good home office can pay dividends by improving your productivity and overall well-being. So, if you want to score well on Room Rater (the X account that judges everyone's Zoom backdrops), create a Zoom wall. If someone travels regularly for work, Chia suggests hanging a large map on the wall.

Persons: —, Jonathan Puleio, Puleio, Lisa Zaslow, Zaslow, they're stackable, Katherine Chia, Desai, Chia, it's Organizations: Service, Humanscale Consulting, Gotham Organizers Locations: New York

☆ New York AG questions Trump cash reserves as $464 million judgment looms
▼ + stars: | 2024-03-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York's chief law officer warned in a court filing Monday evening. "Defendants have never demonstrated that Mr. Trump's liquid assets—which may fluctuate over time—will be enough to satisfy the full amount of this judgment following appeal," James told a New York appeals court. Without a full bond, the civil fraud defendants — Trump, his two adult sons, his company and its top executives — might also try to "evade" or exacerbate enforcement of the judgment if they lose the appeal, James warned. She urged the appeals court to reject Trump's bid to stay the judgment with a $100 million bond, less than a quarter of the total amount awarded by Manhattan Supreme Court Judge Arthur Engoron. Attorneys for Trump did not immediately respond to CNBC's request for comment on James' filing.

Persons: Donald Trump, Letitia James, Trump, James, E, Jean Carroll, — Trump, —, Arthur Engoron Organizations: U.S, Trump Organization, New York, Manhattan, Trump Locations: Manhattan, New York City, U.S, York

NEW YORK (AP) — Donald Trump's legal debts might now exceed a half-billion dollars. The verdict in the civil fraud trial requires Trump to pay interest on some of the deal profits he has been ordered to give up. As part of Friday’s ruling, the judge also ordered both of Trump’s sons to pay $4 million apiece. Last month, he was ordered to pay nearly $400,000 in legal fees to The New York Times after suing the newspaper unsuccessfully. Under the judge's ruling Friday, Trump would still be liable to pay even if the Trump Organization declares bankruptcy.

Persons: — Donald Trump's, Trump, Jean Carroll, Carroll, Letitia James, Hillary Clinton, Will Thomas, “, ” Thomas, that’s, ”, Daniel Weiner, Brennan, ” Weiner, We’re Organizations: Trump, New York, New York Times, New, University of Michigan, D.C, Truth, Trump’s, Commission, Trump Organization Locations: York, New York, Washington

The decision also bans Trump from serving as an officer or director of any New York corporation, bans his two adult sons from serving for two years and fines his two adult sons $4 million. The blistering decision from Judge Arthur Engoron effectively eviscerates the business empire Trump built over decades – an empire that fed his ego, cemented his brand and ultimately propelled the real estate mogul to the world’s most powerful political position. “In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements," Engoron wrote. Here, despite the false financial statements, it is undisputed that defendants have made all required payments on time; the next group of lenders to receive bogus statements might not be so lucky. New York means business in combating business fraud.”Engoron anticipated finalizing his decision on damages by the end of January, but two new issues emerged that ultimately delayed the decision.

Persons: Donald Trump, Arthur Engoron, Trump, Justice Potter Stewart, Engoron, Letitia James, –, James, “, ”, he’s, He’s, ” Engoron, Trump's, Allen Weisselberg, pander, Jean Carroll Organizations: Trump, United States Supreme, Donald Trump View, New York, The New York Times, Manhattan, defaming Locations: York, New York, The

☆ A millennial teacher who moved from Texas to Denmark shares the pros and cons of living there
▼ + stars: | 2024-02-11 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Ilana Buhl believes the cons of living in Denmark are minor compared to the pros. Buhl, who moved to Denmark in 2018, finds feeling safer and being in a walkable city are two pros. Buhl, who got her permanent residence permit not too long ago, said "the cons are so minor compared to the pros" in Denmark . Buhl shared with Business Insider some of the pros and cons of living in Denmark after living in Texas. The weather can be one negativeWhile Buhl finds the pros of living in Denmark outweigh the cons, she noted a few downsides.

Persons: Ilana Buhl, Buhl, —, there’s, She’s, Ilana Buhl Buhl, you've, I'm, hasn’t, she’s Organizations: Service, Business, Copenhagen, International Labour Organization Locations: Denmark, Copenhagen, Dallas, American, Hillerød, Texas, Buhl

☆ Trump is fighting back after a court monitor report that suggested he evaded taxes
▼ + stars: | 2024-01-30 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A letter from Donald Trump's court monitor in his fraud trial suggests he lied about a $48 million loan. The team also provided a memo from the Trump Org's legal department stating that the loan was paid off. AdvertisementDonald Trump is fighting back after a court monitor's footnote indicated that the former president may have committed tax fraud. The Daily Beast first reported on Sunday the note from Jones is a clue Trump used a fake $48 million loan as a vessel to avoid paying income taxes. Advertisement"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.

Persons: Donald Trump's, —, Donald Trump, Barbara Jones, Arthur Engoron, Donald J, Trump, Jones, Judge Jones, Martin Lobel, Clifford S, Robert, Christopher Kise, , Jason Flemmons, Kise Organizations: Trump, Service, Trump Organization, Manhattan Supreme, Chicago, Daily Beast, Daily, Business, Government, Trump Org, Mezz Venture

Search resuls for: "Al Monitor"

25 mentions found