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☆ Franklin Templeton CEO says focus is on 'doing what's right' for clients amid SEC probe
▼ + stars: | 2024-10-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

RIYADH — Franklin Templeton CEO Jenny Johnson said the firm is focused on doing right by its clients, in her first public comments after the company saw its worst quarter for financial outflows in its history and the Securities and Exchange Commission started a probe into suspicious trading at its fixed-income unit. Franklin Templeton's fixed-income business has also dealt with years of underperformance, which many investors expected to reverse course as money moves into bonds and other fixed-income products, which make up about 30% of the firm's assets. Johnson told CNBC Wednesday that the issue with Western Asset Management was damaging, but stressed that it stemmed from an isolated case, and that supporting clients was Franklin Templeton's top focus. "We've had an issue at Western which is isolated to an individual and a subset of strategies, but there's definitely been outflows in those strategies," Johnson told CNBC's Dan Murphy in Riyadh. "I mean, the good news — Western has a significant amount of other strategies that are outside of this and have a lot of global clients there, but we've definitely been hurt by the issues on those three strategies."

Persons: Franklin Templeton, Jenny Johnson, Ken Leech, Franklin Templeton's, Johnson, Franklin, We've, CNBC's Dan Murphy Organizations: Securities and Exchange Commission, Western Asset Management, SEC, Financial Times, CNBC Wednesday, Franklin Templeton's Locations: RIYADH, California, outflows, Riyadh

☆ San Jose Japanese American farm from early 1900s to be demolished for urban housing
▼ + stars: | 2024-10-05 | by ( Claire Wang | ) www.nbcnews.com time to read: +6 min

In San Jose, a center of California’s housing crisis, one of the oldest and last remaining Japanese-owned farms in the state will be demolished to pave the way for urban housing. San Jose is home to one of only three existing Japantowns in the country and the only one built on agricultural roots. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses. Vanessa Hatakeyama, the acting director of the Japanese American Museum of San Jose, said the Sakauye farm is a remnant of San Jose’s agricultural landscape — one that was built by Japanese immigrants — before it was transformed by the tech and suburban housing booms. In July, the San Jose City Council voted to turn the Sakauye family’s 23-acre fruit orchard into a mixed-used development constituting nearly 1,500 apartment units and town houses.

Persons: Vanessa Hatakeyama, ” Hatakeyama, they’d, Eichii, Ed ” Sakauye, Yuwakichi, Sakauye, of San Jose Eichii Sakauye, Edward Seely, “, ”, Rosemary Kamei, Kamei’s, Kamei, Ben Leech, Carolyn Sakauye, Jane May, Leech Organizations: San Jose City, Japanese American Museum of San, ” Preservation, ., Preservation, of San, City, city’s Department of Parks ,, Neighborhood Services Locations: Jose, San Jose, Japanese American Museum of San Jose, Silicon, California, Heart Mountain , Wyoming, Heart, of San Jose

☆ Opinion: The stunning silence at the heart of ‘Twisters’
▼ + stars: | 2024-07-19 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +8 min

Noah Berlatsky Noah BerlatskyAnd yet both, despite being centered on extreme weather events, avoid mentioning climate change directly. In the mid-1990s the right was already moving toward climate change denial. The characters’ silence is louder at a time when in real life many Republican leaders continue to deny climate change is a problem. The current Republican platform doesn’t mention global warming at all, and GOP presidential nominee Donald Trump has denied the scientific consensus on climate change. In a 2022 survey, only 23% of Republicans thought climate change was a major threat.

Persons: Noah Berlatsky, CNN — Lee Isaac Chung’s “, Noah Berlatsky Noah Berlatsky, ”, Kate, Daisy Edgar, Jones, Javi, Anthony Ramos, Tyler Owens, Glen Powell, she’s, Tyler, Lee Isaac Chung’s “, Donald Trump, James Whale’s, Frankenstein, Frankenstein ”, Bill Paxton, Helen Hunt, it’s, “, Twisters Organizations: CNN, YouTube, Warner Bros, Hollywood, Republican, GOP Locations: Chicago, Oklahoma, New York

☆ Microplastics have been found in human testicles. Now what?
▼ + stars: | 2024-05-20 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

The latest bad news on microplastics and human health emerged last week, when a study from researchers at the University of New Mexico examined 47 canine and 23 human testes, taken from neutering operations and cadavers, respectively. All of those testicles had microplastics inside — there were 12 different kinds of microplastic inside the organs studied, including the common plastic making material that plastic silverware and plastic bottles are made from. Woodruff isn't exactly surprised that microplastics are showing up in testicles. AdvertisementBut Dr. Ranjith Ramasamy, an expert in reproductive urology, says if it's true that microplastics are invading testicles, that's of extra concern. Getty ImagesScientists know that certain chemicals inside plastic disrupt our hormones.

Persons: —, microplastics, Tracey Woodruff, Woodruff isn't, Woodruff, Ranjith Ramasamy, Jonathan Kitchen, Ramasamy Organizations: Service, University of New, Business, University of California San, New, of, Getty Locations: University of New Mexico, —, University of California San Francisco, California

☆ The history of the Paris catacombs, the city's underground tunnels of death home to over 6 million corpses
▼ + stars: | 2023-11-26 | by ( Elias Chavez | ) www.businessinsider.com time to read: +1 min

The Paris catacombs were constructed after mass gravesites started to pollute the soil and leech smells. The catacombs were originally the site of limestone mines used during the Roman Empire. It took almost 30 years to move 6 million corpses into the catacombs. AdvertisementMass graves had been in use for centuries in Paris, reaching a point where some graves held 1,500 bodies at a time. Years of population boom, plagues, and wars overwhelmed Paris cemeteries.

Persons: gravesites, — Organizations: Service Locations: Paris

LONDON, Nov 10 (Reuters) - Scientists have rediscovered a long-lost species of mammal described as having the spines of a hedgehog, the snout of an anteater and the feet of a mole, in Indonesia's Cyclops Mountains more than 60 years after it was last recorded. The species has only been scientifically recorded once before, by a Dutch botanist in 1961. A different echidna species is found throughout Australia and lowland New Guinea. Kempton's team survived an earthquake, malaria and even a leech attached to an eyeball during their trip. They worked with the local village Yongsu Sapari to navigate and explore the remote terrain of northeastern Papua.

Persons: David Attenborough, James Kempton, Kempton, Kempton's, Yongsu, William James, Alex Richardson Organizations: Oxford University, Thomson Locations: British, Dutch, Australia, New Guinea, Papua

☆ Scientists took the first-ever photos of an adorable echidna, named after David Attenborough, that hasn't been seen for over 60 years
▼ + stars: | 2023-11-10 | by ( Sonam Sheth | Maiya Focht | ) www.businessinsider.com time to read: +4 min

Scientists captured images of an elusive echidna named after David Attenborough for the first time in over 60 years. Attenborough's long-beaked echidna was last recorded in 1961. Attenborough's long-beaked echidna was last recorded in 1961, according to a news release from the University of Oxford. AdvertisementAdvertisementThe echidna — also known as Sir David's long-beaked echidna or the Cyclops long-beaked echidna — inhabits New Guinea and lives in the Cyclops Mountains in Indonesia. Part of the reason may be because the tropical forests surrounding the Cyclops Mountains are under threat from logging and mining, per the Times.

Persons: David Attenborough, —, Sir David Attenborough, James Kempton, Sir David's, Kempton, hadn't, Iain Kobak Organizations: Service, University of Oxford, New York Times, Expedition, IUCN, Times Locations: British, New Guinea, Indonesia

☆ Attenborough’s long-beaked echidna: Long-lost mammal rediscovered in Indonesia
▼ + stars: | 2023-11-09 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

CNN —Scientists have rediscovered a long-lost species of mammal described as having the spines of a hedgehog, the snout of an anteater and the feet of a mole, in Indonesia’s Cyclops Mountains more than 60 years after it was last recorded. Attenborough’s long-beaked echidna, named after British naturalist David Attenborough, was photographed for the first time by a trail camera on the last day of a four-week expedition led by Oxford University scientists. A different echidna species is found throughout Australia and lowland New Guinea. Kempton’s team survived an earthquake, malaria and even a leech attached to an eyeball during their trip. They worked with the local village Yongsu Sapari to navigate and explore the remote terrain of northeastern Papua.

Persons: David Attenborough, James Kempton, ”, “, ‘, ” Kempton, Kempton’s, Yongsu Organizations: CNN —, Oxford University Locations: British, Dutch, Australia, New Guinea, Papua

ATLANTA (AP) — Georgia soon will become the first state in the nation to offer medical marijuana products at independent pharmacies, state officials said. It will likely take a few weeks before medical marijuana is available in pharmacies. Medical marijuana is only available to Georgians with approval from a physician to treat severe illnesses including seizures, terminal cancers, Parkinson’s disease and post-traumatic stress disorder. Low THC oil can contain no more than 5% THC, the compound that gives users a high. The Georgia Department of Public Health recently disclosed it had miscounted and inflated the number of registered medical marijuana patients.

Persons: ”, Gary Long, they’ve, Mindy Leech, Lee, Brian Kemp, “ We’re, Jonathan Marquess, Marquess, Andrew Turnage Organizations: ATLANTA, —, Georgia, of Pharmacy, Botanical Sciences, The Atlanta, “, Pharmacy, Georgia General Assembly, Georgia Department of Public Health, Georgia Pharmacy Association, CVS, Walgreens, Medical Cannabis Commission Locations: — Georgia, Newnan, Georgia, Atlanta

☆ TikTok influencers want to rent you a very cool home. Just don't call them landlords.
▼ + stars: | 2023-08-16 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

While live-in landlords are far from a novel concept, the pandemic-era fever around passive income and real-estate investing has sparked a rise in the popularity of house hacking. While Turner's initial strategy emphasized small multifamily buildings, some house hackers applied the concept to single-family homes. In 2019, he published a book called "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom." And I think house hacking is one obvious way to eliminate, or at least drastically reduce, what likely is your largest expense." "Yeah, it's called 'house hacking," the owner and roommate, also played by Jarman, who has 4 million followers, replies.

Persons: Kelly Clark, Clark, scoffed, TikTok, Zers, Brandon Turner, Turner, Ryan Lehman, Lehman, Brandon, I'm, Craig Curelop, BiggerPockets who's, Curelop, influencer Addison Jarman, renter, it's, Jarman, Jay Parsons, John Liang, TikToker, Liang, —, It's, doesn't, Insider's Daniel Geiger, she'd, James Rodriguez Organizations: Federal Housing Administration, BiggerPockets, Census, YouTube, RealPage Locations: Spokane , Washington, Silicon, millennials, Seattle, Spokane

☆ Windrush Day: Manchester United great Andy Cole opens up about Jamaican roots and racism
▼ + stars: | 2023-06-22 | by ( Darren Lewis | James Oware | ) edition.cnn.com time to read: +8 min

On one of the first voyages, 492 Caribbean islanders onboard the HMT Empire Windrush arrived in the UK on June 22, 1948. That generation of immigrants became the namesake of that ship, and their arrival date is now celebrated as Windrush Day. However, Cole says racist abuse and a lack of acknowledgement for his achievements meant that in adulthood, he recognized his father was right. Speaking on the inevitability of racist abuse that Black footballers face when missing penalties Andy outlined, “I think we’re just waiting, okay, what’s happening on social media? A clinical striker in his playing career, maybe one day Andy can transfer his wealth of knowledge to the boardroom.

Persons: Andy Cole, “, Darren Lewis, Cole reminisced, ” Andy, Windrush, Cole’s, Cole, Douglas Miller, ” Cole, Norma Gregory, Lincoln, ”, Caribbeans, Mark Leech, Andy, Devante, George Wood, Jadon Sancho, Marcus Rashford, Vinícius, Romelu, Tom Jenkins, Vinicius Organizations: CNN, League, Champions League, CNN’s, Commonwealth, Caribbean, Hulton, Coal Miners, Heritage, English League, Barnsley, English, England, Inter Milan, FIFA, UEFA, Italy, Real Locations: Britain, Nottingham, Jamaica, Commonwealth, Runnymede, British, England, Real Madrid, Italian, Brazil, European

☆ Indigenous Leaders Elated by Supreme Court Ruling on Adoptions
▼ + stars: | 2023-06-15 | by ( Simon Romero | Jan Hoffman | ) www.nytimes.com time to read: +1 min

Maryanna Harstad was stunned and then elated when she heard that the Supreme Court had upheld a law on Thursday aimed at keeping Native American adoptees with their tribes and traditions. Adopted herself by a white family nearly two decades before the law was passed in 1978, she was worried about the effect that overturning it could have had on Native children. “You always feel that you’re kind of this impersonator,” Ms. Harstad, 63, an enrolled member of the Leech Lake Band of the Minnesota Ojibwe and a descendant of the Blackfeet Nation of Montana, said about learning about her culture later in life. She knew very little about her heritage until she majored in American Indian Studies in college, and has since met her biological family and volunteered extensively with many Indigenous groups in Minneapolis. She is now a program director for Gichitwaa Kateri, a Native American Roman Catholic Church in Minneapolis.

Persons: Maryanna, “, ” Ms, Gichitwaa Kateri Organizations: Blackfeet, Indian Studies, American Roman Catholic Church Locations: Maryanna Harstad, Harstad, Minnesota, of Montana, Minneapolis, American

☆ George Santos insists he's donating his congressional salary, but he won't say where it's going: 'I owe you no explanation'
▼ + stars: | 2023-04-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Rep. George Santos has pledged several times to donate his entire congressional salary. "I owe you no explanation to what I do with my salary," he told Insider at the Capitol on Thursday. Two weeks ago, spokeswoman Naysa Woomer told Insider that "updates will be available at a later time," declining to provide further details. Pointing out that he's not legally required to disclose his salary donation details, Santos said that he still planned to make a salary donation announcement, but without any details. In May 2021, he again wrote on Twitter that he would "not accept a congressional salary at all."

☆ UK court approves German property group Adler's restructuring plan
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 12 (Reuters) - Adler Group SA's (ADJ.DE) restructuring plan to prevent the German property company's imminent collapse was approved by London's High Court on Wednesday, despite opposition from some bondholders. He told a short hearing on Wednesday that he would provide his reasons for allowing the plan at a later date. Adler Group has external debts of approximately 6.1 billion euros ($6.66 billion), according to court documents filed by AGPS Bondco for last week's hearing. Under the restructuring plan, the company will borrow 938 million euros of new funding and the terms of unsecured notes that mature between 2024 and 2029 will be amended. A group of creditors that holds notes that mature in 2029 – including investment firms DWS Investment GmbH and Strategic Value Partners – opposed the plan, saying they would be better off if Adler Group were formally liquidated.

☆ Barclays replaces co-heads of equities business
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 6 (Reuters) - Barclays' (BARC.L) co-heads of equities, Todd Sandoz and Paul Leech, have stepped down from their roles and left the bank, a company spokesperson said on Monday, as the British bank continues a reshuffle of its investment bank's management. Stephen Dainton, who has run the business in the past, has taken over as interim global head of equities, the spokesperson said, in addition to keeping his current role as co-head of global markets. The bank now needs a single leader for the business to keep growing market share and returns, the memo said. Barclays is conducting a search for a permanent leader for the equities business, it added. The move is the latest in a series of changes at the top of Barclays' investment bank, after it last month appointed former Credit Suisse dealmaker Cathal Deasy and Taylor Wright as co-heads of investment banking.

☆ TikTok's 'girl with the list' inspires more honest conversations about the pitfalls of pregnancy
▼ + stars: | 2023-01-25 | by ( Morgan Sung | Morgan Sung Is A Trends Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +12 min

Biggers-Stewart, who is now pregnant with her second child, described the list videos as “a powerful tool for self-advocacy.”“I was totally shocked by all the things that could happen to you. In the months following, the creator, also known as Yuni, updated the list in TikToks stitching other videos about pregnancy, birth and parenting. In response to Biggers-Stewart’s recent video about the list, a TikTok user commented: “I wish I had that pregnancy list before getting pregnant. TIkTOk creator sarah biggers-stewartMotherhood has been exalted throughout history, but that reverence can overshadow conversations about the unpleasant and at times dangerous aspects of pregnancy. Some viral videos about the list have also been criticized by medical professionals for sensationalizing pregnancy complications and neglecting to provide context.

☆ Rep. George Santos's office says he still intends to donate his entire salary to charity and will do so quarterly
▼ + stars: | 2023-01-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

GOP Rep. George Santos has pledged not to accept his congressional salary several different times. On Friday, his office told Insider he plans to donate his entire salary on a quarterly basis. A spokeswoman for Santos's congressional office told Insider on Friday that Santos will be donating the entirety of his congressional salary, making quarterly donations to an organization "such as a soup kitchen, or animal shelter." In a recent appearance on Steve Bannon's "War Room" show, he repeatedly dodged questions from fellow Republican Rep. Matt Gaetz of Florida about where that money came from. "I will not accept a congressional salary at all," he wrote in a May 2021 tweet slamming Suozzi.

☆ A proposed H-1B visa fee increase threatens to kneecap Silicon Valley's ability to hire the foreign talent it needs to compete
▼ + stars: | 2023-01-12 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

The tech industry relies on skilled-work visas for foreign hires in a system critics say is broken. Now the USCIS is proposing fee hikes for visa applications, at a time when it's already challenging. It would be another hurdle on top of recent tech layoffs and scarce visa availability, experts say. While the proposed fee hikes are presented as a solution to end backlogs and address bureaucratic headaches, experts say they would make it more difficult to hire foreign talent. Are you an H-1B visa holder and have a story to share?

☆ Juul reaches settlements covering more than 5,000 cases
▼ + stars: | 2022-12-07 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were not disclosed, but Juul said that it has secured an equity investment to fund it. The e-cigarette maker faced thousands of suits brought by individuals and families of Juul users, school districts and Native American tribes. “These settlements represent a major step toward strengthening Juul Labs’ operations and securing the company’s path forward,” a company spokeswoman said in a statement. Juul rocketed to the top of the U.S. vaping market five years ago on the popularity of flavors like mango, mint and creme brulee.

☆ How the Brazil side of the 1982 World Cup became one of the most beloved in history
▼ + stars: | 2022-12-01 | by ( Matias Grez | ) edition.cnn.com time to read: +12 min

He was also captain of the Brazil team at the 1982 World Cup, long before cable television and streaming made every football match and player compilation readily available. Socrates in action vs. Argentina during 1982 World Cup. Despite losing to host Uruguay in the Gold Cup final, Brazil beat West Germany – one of the favorites for the 1982 World Cup and eventual losing finalist – 4-1 in the group stages. So, it all came down to Brazil vs. Italy on July 5 for a place in the 1982 World Cup semifinal. Melchert/picture alliance/Getty ImagesMacpherson described the result as “a huge anti-climax” for the neutrals watching at the World Cup.

☆ VIEW Rishi Sunak to become Britain's new PM, UK markets rally
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +8 min

LONDON, Oct 24 (Reuters) - Former British finance minister Rishi Sunak will be Britain's next prime minister after his rivals quit the race, which analysts said had relieved some of the nervousness around the outlook for the UK economy, boosting domestic markets. The new Prime Minister needs to confirm their leadership team as soon as possible and provide clarity on their strategy for stabilising the economy and their policy priorities. ART HOGAN, CHIEF MARKET STRATEGIST, B. RILEY WEALTH, NEW YORK:"Coming to a very rapid decision on who the prime minister is going be certainly breathes a sigh of relief into the markets. RUTH GREGORY, SENIOR UK ECONOMIST, CAPITAL ECONOMICS, LONDON:"The fall in gilt yields on the news today that Rishi Sunak will become the UK’s next Prime Minister has reduced the chances of a significant fiscal consolidation. With the pound, just because we have a new Prime Minister in place, all of the issues don't just go away and we still have remarkable strength being enjoyed by the dollar."

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