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☆ Blackstone to raise $400 million to boost credit fund's lending power - FT
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsNov 16 (Reuters) - Blackstone (BX.N) is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The private equity firm will sell loans that BCRED owns to the CLO to enhance competitiveness, FT said. Blackstone, which also manages multiple other funds, faced a significant decline in withdrawal requests from Blackstone Real Estate Income Trust (BREIT) in September, Kathleen MacCarthy, its global co-head of real estate, said then. Financial Times had in August reported that Blackstone, , plans to launch a private equity fund for wealthy individuals early next year.

Persons: CLOs, Blackstone, Kathleen MacCarthy, Mrinmay Dey, Dhanya Ann Thoppil Organizations: Blackstone Group, REUTERS, Blackstone, Blackstone Private Credit Fund, Financial Times, The, Reuters, Unified Women’s Healthcare, Blackstone Real, Income, Thomson Locations: New York City, U.S, The New York, Bengaluru

☆ Kantamanto market: At one of the world’s largest clothing dumps, textiles are getting a new lease of life
▼ + stars: | 2023-08-10 | by ( Jenny Marc | ) edition.cnn.com time to read: +6 min

They belong to a vendor in one of the world’s largest secondhand clothing markets, who plans on selling these clothes for a small profit. Using research, advocacy and innovation, the foundation draws attention to textile waste and finds ways to reuse it. A water stream across the street from Kantamanto textile market is choked with discarded clothing, essentially becoming a makeshift landfill. They purchase used clothing by the bale, without knowing what’s inside, in hopes of selling it for profit. The regulations will make the collection of textile waste mandatory in 2025, but the organization says these changes won’t be enough.

Persons: Ghana CNN — Kennie MacCarthy rummages, MacCarthy, ” MacCarthy, Andrew Caballero, Reynolds, Jenny Marc, “ I’ve, ”, –, Kayayei, “, Liz Branson, MacCarthy – Organizations: Ghana CNN, Bloomberg, Charities, CNN Merchants, Foundation, CNN, European Commission Locations: Accra, Ghana, Kantamanto, Europe, North America

☆ Mother, Accused of Human Trafficking While Flying With Daughter, Sues Southwest Airlines
▼ + stars: | 2023-08-07 | by ( Christine Chung | More About Christine Chung | ) www.nytimes.com time to read: 1 min

The mother and daughter had flown a Southwest Airlines flight to Denver for a funeral. Unbeknown to Ms. MacCarthy, a flight attendant had suspected Ms. MacCarthy, who is white, of human trafficking, Ms. MacCarthy said in an interview Monday. Moira, her daughter, is Black. The officers questioned them, Ms. MacCarthy said, adding that her daughter cried in her arms throughout the entire interaction. Ms. MacCarthy showed her driver’s license to the officers; they did not ask for identification for Moira, proving that they were related.

Persons: Mary MacCarthy, Moira, MacCarthy’s, Unbeknown, MacCarthy Organizations: Denver International Airport, Denver, Southwest Airlines Locations: Denver

☆ A mom is suing Southwest Airlines for 'blatant racism' after being accused of trafficking her biracial daughter
▼ + stars: | 2023-08-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A California mom is suing Southwest Airlines for racial profiling after an incident in October 2021. A mother sued Southwest Airlines for "blatant racism" after she said she was accused of trafficking her 10-year-old biracial daughter, court documents seen by Insider show. Southwest Airlines did not immediately respond to Insider's request for comment. A spokesperson for the company told Newsweek: "We don't have anything to add right now on this pending litigation." A lawyer for MacCarty told Newsweek they hope the lawsuit causes Southwest Airlines to re-examine its training and policies around potential human trafficking.

Persons: Mary MacCarthy, Moira, MacCarthy's, Unbeknownst, MacCarthy, –, MacCarty Organizations: Southwest Airlines, Newsweek, Denver International Airport, Southwest, Denver Police Department, Police, Insider Locations: California, Colorado, San Jose, Denver, Southwest, —

July 6 (Reuters) - A federal judge's order restricting Biden administration officials from contacting social media companies about moderating their content will face tough legal challenges on appeal, experts said. The Biden administration on Wednesday filed a notice with the New Orleans-based 5th U.S. THREAT OF HARMThe Biden administration has argued that there was no threat of harm because the lawsuit challenged communications that ended more than a year ago. It also said that while it urged social media companies to stop the spread of dangerous misinformation, the companies themselves - including Facebook and Instagram parent Meta Platforms Inc (META.O), YouTube owner Alphabet Inc (GOOGL.O) and Twitter Inc - ultimately made their own decisions. Burt Neuborne, a professor at New York University School of Law, was more skeptical of the free speech claims.

Persons: Terry Doughty, Biden, Jonathan Turley, Doughty's, Doughty, Jameel Jaffer, Jaffer, Mark MacCarthy, Burt Neuborne, I'm, You'd, Donald Trump, Joe Biden, Brendan Pierson, Andrew Goudsward, Kanishka Singh, Alexia Garamfalvi, Leslie Adler Organizations: Biden, U.S, District, New, Circuit, Appeals, George Washington University Law School, Department of Health, Human Services, Facebook, Inc, Twitter Inc, Meta, Columbia University, Brookings Institution, New York University School of Law, Republican, Democrat, Thomson Locations: Louisiana, New Orleans, Missouri, U.S, New York, Washington

☆ Why the world’s top chip maker is doubling down on American manufacturing
▼ + stars: | 2022-12-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That measure invests more than $200 billion to encourage companies to bring chip production back onto American soil. Raising the debt limit, the bank wrote, will be “necessary but hard to achieve.”For the uninitiated: The “debt ceiling” is simply the federal government’s borrowing limit. Senator John Thune told Bloomberg last week the debt ceiling could be a way to push through budget cuts. Goldman Sachs noted that the political environment next year will have “echoes of 1995 and 2011” — the two most tense standoffs over the debt limit in recent history. (OK, most nights — we believe in a four-day work week around here.)

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