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Frank’s Bay Tavern in the neighborhood of South Baltimore — house cocktail: the grain alcohol Bay Slinger — has been hit hard by the collapse of the Francis Scott Key Bridge. Dockworkers who once stopped in for a beer after crossing the bridge are taking other routes home, said Karen Zapushek, who runs the bar with her husband, Frank. Customers are also staying away, she said, because many more trucks are barreling past the bar, making the street outside, with its narrow sidewalks, feel even more dangerous. “We already had a problem with traffic in our community — and it’s just been really increased with the Key Bridge being down,” Ms. Zapushek said, adding that sales had plunged 40 percent since the bridge fell. “It’s really bad.”

Persons: Francis Scott Key, Dockworkers, Karen Zapushek, Frank, ” Ms, Zapushek, “ It’s, ” Locations: South Baltimore

☆ PwC’s China and Hong Kong Units Fined in Training Exam Cheating Probe
▼ + stars: | 2023-12-01 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

More than 1,000 workers at PwC China and PwC Hong Kong engaged in training-exam misconduct from 2018 to 2020, according to the PCAOB. Photo: Alyssa Schukar for The Wall Street JournalThe Public Company Accounting Oversight Board fined PricewaterhouseCoopers’s China and Hong Kong units over training exam misconduct from hundreds of employees as part of its first set of enforcement settlements with audit firms in the region since it gained full access to inspect them late last year. PwC Hong Kong and PwC China agreed to pay a combined $7 million to settle claims that they failed to detect or prevent extensive and improper answer sharing on tests for mandatory internal training courses, the U.S. auditing watchdog said Thursday.

Persons: Alyssa Schukar Organizations: Wall Street, Company Locations: China, Hong Kong, PwC Hong Kong, U.S

TikTok executives have rushed to respond to what they view as an inaccurate and unfair narrative about its content. Photo: Alyssa Schukar for The Wall Street JournalTikTok is facing what it views as perhaps its biggest crisis yet, with the world’s most popular app facing an intense backlash over the perception it favors pro-Palestinian and, at times, antisemitic content. Citing anti-Israel posts that surfaced on TikTok since the Gaza conflict began and a decades-old Osama bin Laden letter that circulated this week, Washington lawmakers have renewed calls to ban the app in the U.S.

Persons: Alyssa Schukar, Osama Organizations: Wall Locations: Gaza, Washington, U.S

At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount. Photo: Alyssa Schukar for The Wall Street JournalWASHINGTON—The Federal Reserve proposed lowering by about 30% the fees merchants pay to many banks when consumers shop with debit cards, setting off a fight with banks that oppose the changes. At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 cents plus 0.05% of the transaction amount, which is the level set by the Fed in 2011. The Fed can lower the cap if it determines the costs for processing debit-card payments are declining, but it had never previously done so.

Persons: Alyssa Schukar Organizations: JPMorgan Chase, Bank of America, Wall Street Journal WASHINGTON, Federal Reserve, Fed

☆ Assistant Attorney General, on Eve of Exit, Touts Data’s Growing Role in Crime Fighting
▼ + stars: | 2023-07-17 | by ( Dylan Tokar | Photographs Alyssa Schukar For The Wall Street Journal | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ One Change Could Help U.S. Drugmakers Save 11 Million Trees a Year
▼ + stars: | 2023-06-15 | by ( Dieter Holger | ) www.wsj.com time to read: +7 min

That equals more than 3.8 million metric tons of emissions from the production and disposal of the paper, or about 10.9 million trees. The company aims to have a plan by 2025 for all its medical information to go electronic by the end of the decade. PREVIEWOther countries have digitized drug information, with Japan leading the way. Singapore has been in the process of switching to digital information or so-called e-labeling for consumers and medical professionals since 2020. And since 2009, Australia has required digitized instructions for medical professionals and patients, although some drugs such as injectables may contain a hard copy.

Persons: Pam Cheng, Alyssa Schukar, ”, Cheng, Johnson, Joshina Kapoor, Eli Lilly, Avery Dennison, JP Gould, WestRock, Diana Harshbarger of, Diana Harshbarger, Richard Scholz, Jeremy Kahn, AstraZeneca’s Cheng, Joshua Martin, Dieter Holger Organizations: Alliance, AstraZeneca, Wall, pharma, Johnson, U.S . Food, Drug Administration, Pfizer, Pharmaceutical, Literature Association, Republican U.S . Rep, . House, REUTERS Rep, FDA, Senate, Association, Sustainable Business, Environmental, “, dieter.holger Locations: U.S, Japan, Diana Harshbarger of Tennessee, Tenn, American, Maihara, Singapore, Australia, North America

☆ Recovering From Drug Addiction Was Hard. Tranq Made It Worse.
▼ + stars: | 2023-06-11 | by ( Julie Wernau | Photographs Alyssa Schukar For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Recovering From Drug Addiction Was Hard. Tranq Made it Worse.
▼ + stars: | 2023-06-11 | by ( Julie Wernau | Photographs Alyssa Schukar For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Audits of Chinese Companies Are Highly Deficient, U.S. Regulator Says
▼ + stars: | 2023-05-10 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

The PCAOB oversees audit firms that review the financial statements of companies listed in the U.S. Photo: Alyssa Schukar for The Wall Street JournalThe Public Company Accounting Oversight Board found significant auditing deficiencies in its first ever set of inspections in China and Hong Kong, saying that local affiliates of KPMG and PricewaterhouseCoopers missed the mark on auditing U.S.-listed companies in the region. The U.S. audit watchdog last fall completed its first set of inspections of China-based audit firms after years of Chinese regulators refusing to allow such reviews on national-security concerns. After PCAOB staff returned from Hong Kong, the regulator in December said it obtained full access to inspect the firms.

☆ TikTok Is Launching an Ad Product for Publishers and Giving Them a 50% Cut
▼ + stars: | 2023-05-03 | by ( Alexandra Bruell | ) www.wsj.com time to read: 1 min

Pulse Premiere is the evolution of TikTok’s Pulse program. Photo: Alyssa Schukar for The Wall Street JournalTikTok said it is launching a new product that will make it possible for publishers to sell ads alongside their posts, a shift for the video-sharing app, which historically has focused on independent creators. The product, Pulse Premiere, is the evolution of TikTok’s Pulse program, which allows an elite group of creators to collect half the revenue from video ads that appear just after their TikTok posts.

☆ Congress Moves to Add Fentanyl Additive ‘Tranq’ to Controlled Drugs List
▼ + stars: | 2023-03-28 | by ( Jon Kamp | Julie Wernau | ) www.wsj.com time to read: 1 min

Photo: Alyssa Schukar for The Wall Street JournalA street drug sample that a chemist later put through a mass spectrometer to identify its chemical makeup. A bipartisan group of U.S. senators and representatives plans to introduce legislation to designate a veterinary tranquilizer worsening the fentanyl crisis as a controlled substance, aiming to help law-enforcement authorities crack down on illegal use. Xylazine, known to some users as “tranq,” is approved only for use in animals such as horses and cattle. But dealers have been adding it to the fentanyl supply at an alarming pace, potentially to reduce their costs and lengthen the high for users.

It was late 2020 when Jason Bienert noticed unusual wounds among a half-dozen of the fentanyl users he works with as a nurse in northeast Maryland. Unlike the red, swollen abscesses he was used to seeing on people who inject illicit opioids, these were painful ulcers that started small and dark before consuming the surrounding skin and tissue. Some wounds led to amputation. Others were life threatening.

☆ TikTok Chief Executive Shou Zi Chew to Face Skeptical Lawmakers
▼ + stars: | 2023-03-21 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

Photo: Alyssa Schukar for The Wall Street JournalTikTok Chief Executive Shou Zi Chew is set to testify before lawmakers this week. WASHINGTON—TikTok Chief Executive Shou Zi Chew can expect a chilly reception when he testifies before the powerful House Energy and Commerce committee this week, Republican aides said Monday. Committee Chair Cathy McMorris Rodgers (R., Wash.) and other lawmakers plan to lay out the threat posed by TikTok to Americans’ national security and privacy, and particularly its potential to harm children, aides said.

Thousands of Ukrainian immigrants living in the U.S. are at imminent risk of losing their legal status because they entered the country in a brief window during which the U.S. government didn’t have a long-term plan in place to receive them. Last year, in the first months following Russia’s invasion of Ukraine, tens of thousands of Ukrainians with family or friends in the U.S. flew to Mexico, hoping they might be allowed to enter the U.S. from there.

A veterinary tranquilizer that can cause serious wounds for regular users is spreading menace within the illicit drug supply. Xylazine, authorized only for animals, is one ingredient in an increasingly toxic brew of illicit drugs that killed a record of nearly 107,000 people in the U.S. in 2021. It is typically mixed with fentanyl, a synthetic opioid that itself has broadly infiltrated U.S. drug supply, including in supplies of cocaine and methamphetamine. Taken together, the volatile mixing means drug users often don’t know what’s in the substances they take.

☆ 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.

☆ The 10 people transforming money — including leaders from Goldman Sachs, Esusu, and Mos
▼ + stars: | 2022-11-22 | by ( Business Insider | ) www.businessinsider.com time to read: 1 min

Wemimo Abbey, Cofounder, EsusuAlyssa Schukar/InsiderWemimo Abbey is cofounder of Esusu, which is expanding how Americans build credit by getting rental payments factored into credit scores. "We started Esusu on three core premises: No matter where you come from, the color of your skin and your financial identity shouldn't determine where you end up in the wealthiest country in the world — and dare I say, anywhere in the world," Abbey told Insider.

☆ Audit Regulator Steps Up Enforcement Under New Leader
▼ + stars: | 2022-10-29 | by ( Jean Eaglesham | Photographs Alyssa Schukar For The Wall Street Journal | ) www.wsj.com time to read: 1 min

The U.S. audit regulator is getting tougher on rule-breaking accountants after years of criticism for its alleged light touch. But there are limits to how much it can change. The shift is being led by the new chair of the Public Company Accounting Oversight Board, Erica Williams , who said, “When people cheat, you need to…make sure that there are serious consequences.”

☆ One millionaire landlord was behind half of Milwaukee's evictions during Covid lockdowns last June. Here's the story of how corporate landlords helped drive the evictions crisis
▼ + stars: | 2021-03-26 | by ( Abigail Higgins | ) www.businessinsider.com time to read: +23 min

Corporate landlords in cities like Milwaukee helped drive an evictions crisis during the pandemic. Corporate landlords, which own almost 50% of rental properties, are more likely to evict, advocates say. Before the 2008 recession, corporate landlords owned 20% of rental properties; today, it's nearing a whopping 50%. Since the Center for Disease Control's evictions moratorium took effect last September, evictions by corporate landlords have actually been steadily increasing. There is no national database of evictions, and evictions are only tracked at the level of the country's more than 3,000 counties.

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