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"For decades, communities in Kansas City, Kansas — particularly minority and immigrant communities — have been subjected to an alarming pattern of abuse and other serious misconduct by the KCKPD," according to the suit, which was first obtained by NBC News. The complaint against the Kansas City Police Department and the Unified Government of Wyandotte County/Kansas City, Kansas, alleges they have "stonewalled" the plaintiffs for almost a year. Kansas City police and the Unified Government of Wyandotte County/Kansas City, Kansas, didn't immediately respond to a request for comment about the lawsuit. The state's public records law does maintain that certain documents are exempt from public review, including personnel information of public employees and criminal investigation records. Meanwhile, attention on Kansas City, Kansas, police is expected to return next month, when Golubski's trial is scheduled to begin.

Persons: Jay Z's, Roc, Roger Golubski, Dania Diaz, didn't, Max Kautsch, There's, Kautsch, Team Roc, Alex Spiro, Trump, Justice Department's, Golubski, Kansas City police didn't, Karl Oakman, Diaz, hasn't Organizations: Nation, Court, Innocence, Kansas City Police Department, Roc Nation, NBC News, Unified Government, Kansas, Records, Kansas City, Team, Kansas City police, FBI, Washington Post, Justice Department, Kansas City Star, Justice, Kansas City Police Locations: Kansas City , Kansas, Wyandotte County, Wyandotte County / Kansas City , Kansas, redactions, Lawrence , Kansas, Kansas, Kansas City, Kansas City , Missouri

☆ How Democrats can still flex power in Trump's Washington: From the Politics Desk
▼ + stars: | 2024-11-14 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior national political reporter Sahil Kapur examines the way Democrats can still exert some power in Donald Trump's Washington. How Democrats can still flex power in Trump’s WashingtonBy Sahil KapurRepublicans have won full control of Washington, but Democrats will retain two key levers of power to shape legislative outcomes in Donald Trump’s second term. That margin is slimming further as Trump plucks House members for administration jobs. The last two years showed how chaotic and dysfunctional this GOP-controlled House can be, even when the stakes are low. The Ethics Committee has jurisdiction over only sitting House members.

Persons: Sahil Kapur, Donald, Donald Trump's Washington, Matt Gaetz's, Robert F, Kennedy Jr, Donald Trump’s, Robert Garcia, “, Sen, John Thune, ”, Chris Van Hollen, Van Hollen, Patty Murray, Richard Hudson, Trump, Donald Trump, it’s, it’ll, Tony Gonzales, Matt Gaetz, Ryan Nobles, Julie Tsirkin, Frank Thorp V, Kate Santaliz, Gaetz, Justice Department —, they’ll, Joni Ernst, John Curtis, → Trump, Berkeley Lovelace Jr, Dasha Burns Trump, Kennedy, Bill Cassidy, Tulsi Gabbard, Pete Hegseth, Elon Musk, Vivek Ramaswamy’s, 🗞️, Tim, lea Organizations: NBC, White House, Capitol, Republicans, Health, Human Services Department, Sahil Kapur Republicans, Trump plucks, ”, Republican, Senate, GOP, House Republican, Justice Department, NBC News, Committee, Punchbowl News, RFK, Human Services, Department of Health, Food and Drug Administration, Education, Labor, Pensions, “ RFK, Trump, Elon, of Government, Cabinet Locations: Donald Trump's, Trump’s Washington, Washington, “, Texas, Florida, Congress, Iowa, Utah, Elon, usk

WASHINGTON — A triumphant President-elect Donald Trump huddled with House Republicans before their leadership elections Wednesday and threw his support behind Speaker Mike Johnson, a key ally, as the GOP prepares for unified control of government next year. Trump, the 45th and future 47th president, got multiple standing ovations from rank-and-file Republicans at the meeting. After the event with Republicans, Trump headed to the White House for a meeting with President Joe Biden. House Appropriations Committee Chairman Tom Cole, R-Okla., said Trump's meeting with Republicans was less about specific policy proposals and more of a "rah-rah address." Even before Trump's endorsement, Republicans were expected to nominate Johnson to continue as speaker in the 119th Congress.

Persons: WASHINGTON —, Donald Trump, Mike Johnson, Johnson, Trump, Elon Musk, Vivek Ramaswamy, Kamala Harris, Joe Biden, Tom Cole, Troy Nehls, Nehls, Andy Harris, “, Kevin McCarthy, McCarthy, Scott DesJarlais, — Harris, Dusty Johnson, —, Harris, We've, Steve Scalise, Tom Emmer, Sen, John Thune of, Mitch McConnell of, Elise Stefanik, Lisa McClain, Kat Cammack, Rand Paul, Rick Scott, Richard Hudson of, Blake Moore of, Kevin Hern, Gary Palmer of, Palmer, Hern, Erin Houchin, Mark Alford of, Mariannette Miller, Meeks, sidestep, Trump's, Johnson Organizations: Republicans, GOP, Hyatt, Capitol, Trump, NBC, Tech, “ Department, Government, White, Rep, House Republicans, HFC, Caucus, Freedom Caucus, Main Street, Stefanik, Republican, United Nations, National Republican Congressional Committee, Oklahoma, Committee, Reps, Mar, Republican Party, Congress Locations: Washington, Mar, Florida, Texas, America, John Thune of South Dakota, Mitch McConnell of Kentucky, New York, U.S, Lisa McClain of Michigan, Sens, Ky, Richard Hudson of North Carolina, Blake Moore of Utah, Gary Palmer of Alabama, Indiana, Mark Alford of Missouri, Iowa

House Republicans’ razor-thin victory was propelled by Trump’s decisive win over Vice President Kamala Harris in both the Electoral College and the popular vote. So far, Republicans have captured the 218 seats needed to secure the majority to Democrats’ 208 seats. Last week, Republicans flipped three Democratic Senate seats to win control of the upper chamber. They were among the 18 GOP House districts that President Joe Biden carried in 2020. Democratic challenger George Whitesides also ousted vulnerable GOP Rep. Mike Garcia in Southern California.

Persons: Donald Trump, House Republicans ’, Trump’s, Kamala Harris, Hakeem Jeffries, Mike Johnson, Brandon Williams, Anthony D’Esposito, Marc Molinaro, Joe Biden, George Whitesides, Mike Garcia, Rob Bresnahan, Matt Cartwright, Trump, Ryan Mackenzie, Susan Wild, Scott Perry, Janelle Stelson, Perry, Elissa Slotkin, Gabe Evans, Yadira Caraveo, Sen, Lindsey Graham, It’s, Johnson, Elise Stefanik, Mike Waltz, Kevin McCarthy of, —, Steve Scalise, Tom Emmer, ” Johnson, “, ” Organizations: WASHINGTON, NBC News, Republican, Trump, House Republicans, Electoral College, Democrats, Republicans, ’, Democratic, GOP, Keystone State, Freedom, Democratic Rep, Affordable, New, New York Republican, White Locations: Washington, America, New York, Syracuse, Long, Hudson, Southern California, battlegrounds, Pennsylvania, Michigan, Keystone, Allentown, Harrisburg, Denver, Florida, Kevin McCarthy of California, Louisiana, Minnesota

WASHINGTON — Over the last two years, a narrow Republican House majority has fought bitterly over everything from electing a speaker, keeping the government functioning and even passing symbolic messaging bills. Now, Republicans have clinched at least 218 seats to win a House majority, NBC News projects, but it’ll be another small one. “The House has always been a chaotic place, will always be a chaotic place. And here in the Senate, obviously, we continue to have a number of tools to exercise.”There is precedent for a narrow House majority delivering major legislation. ‘Trump is so volatile’Rep. Steny Hoyer, D-Md., a former House majority leader, told NBC News that nobody knows what to expect from the new GOP trifecta.

Persons: it’ll, Donald Trump, Will, it’s, Tony Gonzales, Mitch McConnell, John Thune, Rob Bresnahan, ” Democratic Sen, Chris Van Hollen, Joe Biden’s, “, ”, Dusty Johnson, Robert Garcia, ” Garcia, Rosa DeLauro, “ We’ll, midsession, Biden, Mike Johnson, Richard Hudson, ” Hudson, we’ve, Ken Calvert, ‘ Trump, Steny Hoyer, Trump, ” Hoyer, Mark Pocan, Michael Waltz, Elise Stefanik, they’re, they’ve, ” Pocan Organizations: WASHINGTON, Republican, Republicans, NBC News, ”, Democratic, GOP, Trump, White House, ” Democratic, Senate, 119th Locations: Washington, Texas, Ky, Pennsylvania, Maryland, Connecticut, Ukraine, Russia, North Carolina, R, Los Angeles

The U.S. Capitol building November 6, the President-elect Donald Trump was declared the winner of the presidential election. GOP leaders have been dreaming of another major tax package, as many tax provisions are set to expire at the end of 2025. Remember: With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much.

Persons: Donald Trump, Leah Millis, Joe Biden’s, Mike Johnson —, —, Danya Gainor Organizations: U.S, Capitol, Republicans, GOP, Trump, CNN, Democrats, Biden White, House, Republican Locations: Washington, Pennsylvania, Michigan

Unlike Trump’s surprise win in 2016, House and Senate GOP leaders have been preparing for months for a possible GOP sweep. With Republicans winning control of the Senate, delivering on Trump’s agenda will come down to whether the GOP retains a majority in the House. Even with unified GOP control, there would be challenges ahead for Republicans. One issue is the political math: House Republicans believe if they do hold onto the majority, it won’t be by much. But it wouldn’t be easy to clear a huge package through a narrowly divided House even if Republicans control all the levers of power.

Persons: Donald Trump, ” GOP Wisconsin Sen, Ron Johnson, Mike Johnson, Trump, Johnson, Joe Biden, Johnson —, —, “, Tim Burchett, ” Johnson, Mark Meadows, Steve Bannon, Joe Biden’s, Nicole Malliotakis, ” Malliotakis, — Biden, Nancy Pelosi, “ Dems, Marjorie Taylor Greene, ” Greene, Danya Gainor Organizations: CNN, Republicans, Capitol, GOP, Trump, ” GOP Wisconsin, Senate Finance, House, Democratic, Republican, “, Trump Administration, House Republicans, Republican New York, Democrats, Biden White, nab Locations: Washington, ”, Pennsylvania, Michigan, Congress

☆ Goldman says buy these stocks that are set to benefit most from Trump tax cuts
▼ + stars: | 2024-11-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Trump favors slashing the corporate tax rate to 15% from 21%. To find a group of beneficiaries from lower corporate tax rates, Goldman screened for stocks that have seen the highest median corporate tax rate over the past ten years. Companies on the list pay median corporate tax rates higher than the S & P 500 median of 21%. CEO Bob Iger's media company also has one of the highest ten-year median corporate tax rates found by Goldman, at 29%. Hilton has also paid a ten-year median corporate tax rate of 29%.

Persons: Donald Trump's, Goldman Sachs, David Kostin, Kostin, Trump, Trump's, Goldman, Disney, Bob Iger's, FactSet, Hilton Organizations: White, Goldman, Dow Jones, Nasdaq, U.S . House, GOP, Republican, Companies, DIS, Disney, Hilton Worldwide Holdings, FactSet, Delta Airlines, American Express

☆ Trump's first 2 years will be shaped by who wins the House. We may not know the outcome for days.
▼ + stars: | 2024-11-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

We still don't know who will control the House next year, and it could take days to count votes. But we still don't know who controls the House of Representatives, and the outcome will have major implications for the first two years of Trump's second term. "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate, and House," said House Speaker Mike Johnson in a statement on Wednesday morning. A Democratic House would be a major constraint on Trump's powerHistorically, newly elected presidents have typically enjoyed unified government at the beginning of their terms. Allowing those provisions to simply expire would cause most Americans to experience a major tax hike.

Persons: Trump, —, Donald Trump, Mike Johnson, George H.W, Bush, Joe Biden Organizations: GOP Senate, Service, Republicans, Representatives, Senate, Democratic, House, Trump Locations: New York, Alabama, Pennsylvania, Michigan, North Carolina, California, Ukraine

U.S. Speaker of the House Mike Johnson (R-LA) and U.S. House of Representatives Democratic Leader Hakeem Jeffries (D-NY). "As more results come in it is clear that, as we have predicted all along, Republicans are poised to have unified government in the White House, Senate and House," Republican House Speaker Mike Johnson said Wednesday in a statement. "The party that will hold the majority in the House of Representatives in January 2025 has yet to be determined. Democrats poured huge sums of money into House races, trying to flip the lower chamber. They far outspent their Republican rivals in many of the most competitive House races across the country.

Persons: Mike Johnson, Hakeem Jeffries, Donald Trump Organizations: House, Democratic, Republicans, Senate, Republican, NBC News, Congressional, Maine's, GOP Locations: D

☆ Biden is beating Trump on stocks. History shows markets do better under Democrats
▼ + stars: | 2024-11-01 | by ( Matt Egan | ) edition.cnn.com time to read: +8 min

The S&P 500 enjoyed a compound annual growth rate of 12.1% from Trump’s surprise election in November 2016 through Biden’s 2020 victory, according to CFRA. “The Trump market was so strong because of a combination of very low inflation, very low interest rates and tax cuts,” said Stovall. The S&P 500’s growth rate under Democrats is 10% compared with 6.7% under Republicans, according to CFRA. In those six years since 1945, where such a dynamic has been in place, the S&P 500 has enjoyed a sizzling growth rate of 16.8%. In fact, the market has generally performed better during times of higher, not lower, tax rates across changes in all three categories, BMO found.

Persons: Donald Trump, Joe Biden, ” Trump, Biden, Sam Stovall, Stovall, Bill Clinton, Kamala Harris, “ Biden, ” Stovall, Trump, Clinton, “, ”, Barack Obama, Hillary Clinton, CFRA, ” Brian Belski, Richard M, Nixon, George W, Bush, . Bush, –, Richard Nixon, Bush –, ” Belski, Gridlock, Harris, BMO’s Belski Organizations: New, New York CNN, Biden’s, CFRA Research, Biden, Trump, Wall, “, Democrats, Republicans, Gross, Democratic, BMO Capital Markets, Clinton, Congress, Investors, Republican, White, BMO Locations: New York

☆ Trump versus Harris: What the November election means for defense stocks
▼ + stars: | 2024-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +9 min

No matter who voters choose, whether it is former President Donald Trump or Vice President Kamala Harris , Liwag doesn't expect a meaningful shake-up in the outlook for defense stocks. Still, the analyst notes that even cases where an administration cuts defense spending, stocks can still carve out gains. During the Obama administration, the defense budget fell 3.3%, but defense stocks gained 2.1%. The defense stocks Morgan Stanley covers have outperformed the S & P 500 since Russia's invasion of Ukraine, Liwag said. "Historically, the conventional wisdom has been that Republicans are positive for defense spending and defense stocks, while Democrats are negative," Harned said.

Persons: Bernstein, Douglas Harned, Lockheed Martin, Morgan Stanley, Kristine Liwag, Donald Trump, Kamala Harris, Liwag, Bernstein's Harned, Harned, Harris, Wolfe Research's, Tobin Marcus, Marcus, Ronald Epstein, Epstein, Trump, Northrop, Obama, Northrop Grumman, Morgan Stanley's, Michael Ciarmoli, Truist, Leonardo Organizations: P Aerospace, Defense, Industry, L3Harris Technologies, Lockheed, CNBC, " Bank of America, Democratic, Senate, Republican, U.S . House, Trump White House, Republican Senate, Trump, Abrams, Space Force, Northrop Grumman, General Dynamics, Hamas, Dynamics, Northrop, Gulfstream, Leonardo DRS, Moog, Republicans Locations: Ukraine, U.S, Russia, Crimea, Iran, Israel

☆ How Harris could secure a historic winning record for Democrats in November – and still lose
▼ + stars: | 2024-10-08 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

By contrast, the modern day Democrats’ historic success at winning the popular vote hasn’t translated into nearly as much governing power for them. Over this record run of popular vote success, Democrats have already twice lost the Electoral College – and thus the White House – while winning more votes. Amazingly, Republicans won unified control of government in two elections when Democrats won a plurality of the national presidential vote: 2000 and 2016. The Democrats’ popular vote winning stretch began in 1992 with Clinton’s victory over George H.W. The highest share of the popular vote Democrats have won over this period is the 52.9% that Obama garnered in 2008.

Persons: Kamala Harris, Donald Trump, Theodore Roosevelt, Franklin D, Roosevelt, –, ”, Paul Pierson, Harris isn’t, Trump, Joe Biden, Harris, Evan Vucci, Grover Cleveland, Kyle Kondik, Bill Clinton, Barack Obama, Biden, Lee Drutman, Dwight Eisenhower, Eisenhower, Truman, “, Pierson, Franklin Roosevelt, Harry Truman, Mark Schiefelbein, George H.W, Clinton, Al Gore, Obama, Hillary Clinton, George W . Bush, William McKinley, Teddy Roosevelt’s, William Howard Taft’s, Warren Harding, Calvin Coolidge, Herbert Hoover, Harding, Lyndon B, FDR, John Sides, Lynn Vavreck, Michael Tesler, Kondik, that’s, Drutman, Mitch McConnell, ” Drutman, Mitt Romney’s, Nikki Haley, Republican pollster Patrick Ruffini, centrists, Jim Kessler, Reagan, H.W, H.W . Bush, haven’t, ” Pierson, Ruffini Organizations: CNN, Democrats, Deal, TR Republicans, FDR Democrats, Electoral College –, TR, Supreme, University of California, Electoral, House, Senate, AP, Republican Senate, Democratic, University of Virginia’s Center, Politics, FDR, White, White House, “ Republicans, New America, Republicans, Republican, Dort Financial, Electoral College, Trump, GOP, kinks, Democratic Party, “ Party, The Locations: Berkeley, Butler , Pennsylvania, LBJ, Dort, Flint , Michigan, George H.W . Bush, Bush, Vermont, Arkansas, North Carolina, –, ”, H.W .

☆ Mike Johnson won't commit to bringing House back before the election for more hurricane relief
▼ + stars: | 2024-10-07 | by ( Summer Concepcion | ) www.cnbc.com time to read: +4 min

House Speaker Mike Johnson on Sunday did not commit to calling Congress back into session before the election after President Joe Biden pressed congressional leaders about potential funding shortfalls in the aftermath of Hurricane Helene. The president noted that the White House requested more funding for the program as Congress prepared a short-term funding bill that passed last month to avert a government shutdown. Pressed on whether he would call Congress back into session before the election, Johnson replied, "We'll be back in session immediately after the election." Johnson's comments come after Biden said in remarks at the White House last week he expects to ask Congress for a supplemental funding request for areas affected by Hurricane Helene. "The American people are disgusted by this, up with it, and so are Republicans in Congress," he said.

Persons: Mike Johnson, Joe Biden, Hurricane Helene, Johnson, Alejandro Mayorkas, we'll, Biden, Karine Jean, Pierre, Kamala Harris, Mayorkas Organizations: Fox, Homeland, White House, Congress, Hurricane, Federal Emergency Management Agency, shouldn't, White, Biden, FEMA, Republicans Locations: Hurricane, Florida

☆ Mike Johnson won’t commit to bringing House back before the election for more hurricane relief
▼ + stars: | 2024-10-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +4 min

House Speaker Mike Johnson on Sunday did not commit to calling Congress back into session before the election after President Joe Biden pressed congressional leaders about potential funding shortfalls in the aftermath of Hurricane Helene. In his letter, the president urged Congress to restore funding to the Small Business Administration’s disaster loan program, which was facing potential funding shortfalls even before Hurricane Helene devastated parts of the Southeast. The president noted that the White House requested more funding for the program as Congress prepared a short-term funding bill that passed last month to avert a government shutdown. Pressed on whether he would call Congress back into session before the election, Johnson replied, “We’ll be back in session immediately after the election.”“That’s 30 days from now. “The American people are disgusted by this, up with it, and so are Republicans in Congress,” he said.

Persons: Mike Johnson, Joe Biden, Hurricane Helene, ” Johnson, Alejandro Mayorkas, Johnson, “ We’ll, ”, we’ll, Biden, Karine Jean, Pierre, “, Kamala Harris, Mayorkas Organizations: “ Fox, Homeland, White House, Congress, Hurricane, Federal Emergency Management Agency, shouldn’t, White, Biden, FEMA, Republicans Locations: Hurricane, Florida

☆ Republican House speaker floats deregulation, tax cuts — not tariffs — to pay for Trump proposals
▼ + stars: | 2024-09-18 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Republican House Speaker Mike Johnson on Wednesday said former President Donald Trump could pay for his presidential campaign's economic proposals by rolling back corporate regulation and expanding tax cuts to stimulate growth. "If you get Republican leadership in the White House, the Senate and the House, unified government, we will put this thing on turbo. Trump has proposed making his 2017 tax cuts permanent and further lowering the corporate tax rate, as well as wholly eliminating federal income taxes on worker tips, overtime pay and Social Security benefits. That figure did not include Trump's Sept. 12 proposal to exempt overtime pay from federal income taxes. A tax exemption for all hours worked over 40 hours per week would cost an estimated $1.3 trillion over 10 years.

Persons: Mike Johnson, Donald Trump, Trump Organizations: Senate, Social Security, Penn Wharton Budget Model, Yale Budget, Republican Locations: Louisiana

The two main rival Palestinian factions, Fatah and Hamas, signed a joint statement in Beijing on Tuesday that endorsed, in concept, a temporary government for the Gaza Strip and the Israeli-occupied West Bank, in a grand show of unity brokered by China’s foreign ministry. Smaller Palestinian groups also signed the statement. For China, the agreement represents an opportunity to promote an image of Beijing as a peace broker and an important player in the Middle East. Mahmoud al-Aloul, the deputy leader of Fatah, showered praise on China for standing beside the Palestinian people. Both men posed for photos with Wang Yi, China’s foreign minister, in an ornate hall in Beijing.

Persons: Fatah, Mousa Abu Marzouk, Mahmoud al, Wang Yi Organizations: Gaza, West Bank, Hamas Locations: Beijing, China

☆ Biden dropping out adds more uncertainty to markets. What investors are saying
▼ + stars: | 2024-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"We will continue to have both bulls and bears because you have both sides who are talking about the uncertainty, increased uncertainty regarding the presidency," Stovall added. A 'Red Wave'? "It seems as if the greatest likelihood is a red wave," Stovall said. Trump trade hurt? To be sure, Sunday's announcement could pump the brakes on the so-called Trump trade seen since the late-June debate.

Persons: Joe Biden's, Biden, Kamala Harris, Sam Stovall, Trump, Stovall, it's, —, PredictIt, Harris, CFRA's Stovall, Wells, Stephen Baxter, Baxter, Oppenheimer, Hogan, Riley, It's, Kim Forrest, Forrest, Fred Imbert Organizations: Trump, CFRA, Democratic National Convention, Republican, Democratic, Medicaid, Med Adv, Bokeh Capital Partners Locations: Friday's

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

☆ Maryland is about to get $350 million from insurance in bridge collapse
▼ + stars: | 2024-05-02 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to the broker handling its policy on the structure. The payment would come from insurer Chubb, which has a $350 million limit on the policy it had written on the bridge, according to Henry Daar, head of property claims, North America for WTW, the broker on the policy. The payment will be made soon rather than waiting for the construction of a new bridge to begin, a process that could be years away. The accident temporarily closed much of the operations of the Port of Baltimore, trapping ships in the port. The planned payment by Chubb was first reported Thursday by the Wall Street Journal.

Persons: Francis Scott Key, Chubb, Henry Daar, Dali Organizations: New, New York CNN, Francis Scott Key Bridge, WTW, Grace Ocean Private Limited, Synergy Marine PTE LTD, CNN, National Transportation, Wall Street Locations: New York, Maryland, North America, Baltimore, Port of Baltimore

☆ Hamas officials say group willing to disarm if Palestinian state is established
▼ + stars: | 2024-04-25 | by ( Abbas Allawati | Abbas Al Lawati | ) edition.cnn.com time to read: +5 min

The Palestinian militant group has long called for the Jewish state to be destroyed. Basem Naim, an Istanbul-based member of Hamas’ political bureau, told CNN on Thursday that the group would agree to disarm if an independent Palestinian state was established. Hamas has traditionally rejected a two-state solution that would see a Palestinian state established alongside Israel and has instead advocated the creation of a Palestinian state in all of historic Palestine that today encompasses Israel, the occupied West Bank, occupied East Jerusalem and Gaza. Barghouti said Hamas indicated as far back as 2007, when it led a Palestinian national unity government, that it is willing to accept a Palestinian state along the 1967 borders. Last week, Turkish Foreign Minister Hakan Fidan said at a news conference in the Qatari capital Doha that Hamas is willing to function solely as a political party once a Palestinian state is created, citing meetings between the group and Turkish officials.

Persons: Basem Naim, Al Qassam, ”, Mustafa Barghouti, Efraim Inbar, Israel ”, Israel “, Netanyahu, Khalil al, Hayya, ” Israel, Benjamin Netanyahu, Hayyah, Barghouti, Naim, Hakan Fidan, “ Organizations: CNN, Palestinian, Hamas, Israel, West Bank, Palestinian National Initiative, Jerusalem Institute for Strategy, Security, Associated Press, AP, Palestine Liberation Organization, PLO, Oslo Accords, Turkish, Qatari Locations: Israel, Gaza, Istanbul, Jerusalem, Palestinian, Palestine, East Jerusalem, United States, Israeli, Oslo, Doha, Turkish

☆ Libyan leaders agree to form new unified government
▼ + stars: | 2024-03-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —Three key Libyan leaders said on Sunday they had agreed on the “necessity” of forming a new unified government that would supervise long-delayed elections. The leaders are the president of the Presidential Council (PC) Mohamed Menfi, the head of High State Council (HSC) Mohamed Takala, who are both based in Tripoli, and Aguila Saleh, speaker of the House of Representatives (HoR) in Benghazi. In a joint statement, the three leaders also called on the UN Mission in Libya and the international community to support their proposals. Dbeibah has vowed not to cede power to a new government without national elections. Last week, Central Bank governor Sadiq Kabir wrote to parliament asking it to approve a new unified government and a national budget over GNU extent spending.

Persons: Mohamed Menfi, Mohamed Takala, Aguila Saleh, ”, General Ahmed Aboul Gheit, ” Menfi, Menfi, Abdulhamid, Dbeibah, Sadiq Kabir Organizations: Reuters, Presidential Council, High State, UN, Arab League, Government of National Unity, GNU, Central Bank Locations: Libya, Tripoli, Benghazi, Cairo, UN, NATO

That challenge is one of the major reasons US officials are keen on seeing a surge of humanitarian aid into northern Gaza. Multiple US officials have also stressed the need to create areas in the south that are clearly understood to be protected for civilians. Instead, Israel must be “more cautious, more careful, more deliberate, and more precise in their targeting,” one senior administration official said. While it’s not clear whether Israel would ultimately agree, some US officials expressed optimism that Israel was at least receptive to considering such ideas. “There is an understanding that a different type of campaign has to be conducted in the south than was conducted in the north,” another senior administration official said.

Persons: CNN —, Joe Biden, –, it’s, Israel, ”, Benjamin Netanyahu, Antony Blinken, Biden, Blinken, Samantha Power, CNN’s Kaitlan Collins, Israel won’t, Mahmoud Abbas, Kaitlan Collins Organizations: CNN, CNN — Biden, Israel Defense Forces, Biden, US, Democrats, Capitol, ” Palestinian, Palestinian Locations: Gaza, Israel, Qatar, Egypt, Doha, European, ”

☆ S&P 500 returns tend to be measly in the 12 months leading up to a presidential election
▼ + stars: | 2023-11-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The 2024 U.S. presidential election is now only 12 months away, with the primary season set to begin Jan. 15. While every election year brings with it a unique mix of political and macroeconomic conditions, Goldman Sachs' portfolio strategy research team says equity returns tend to be weaker than average in the 12 months leading up to a presidential election. Since 1984, the average S & P 500 return on election years is only 4%, according to Goldman. When looking more broadly from 1932, the S & P 500 has averaged returns of 7% during an election year and 9% outside of election years. "Post-election returns have typically been stronger when the election resulted in a divided government than a unified government, especially in the case of a wave election," Kostin said.

Persons: Goldman Sachs, Goldman, Louis, David Kostin, Kostin, — CNBC's Michael Bloom Organizations: Louis Federal, Tech

KANSAS CITY, Kan. (AP) — Five women who say they were sexually assaulted or harassed by a former Kansas City, Kansas, detective filed a lawsuit Friday accusing the government of allowing police corruption to thrive for years. The Kansas City Star reports that the federal lawsuit says the Unified Government of Wyandotte County and Kansas City, Kansas, allowed its officers to “terrorize, abuse and violate” Black residents through a pattern of misconduct and assaults without being disciplined or investigated. Golubski has been accused by federal prosecutors and civil rights groups of framing Black citizens and sexually harassing Black women and girls for years in Kansas City, Kansas. Four of the five plaintiffs allege Golubski sexually assaulted or stalked them. Acoording to the lawsuit, Golubski replied, “Report me to who, the police?

Persons: Roger Golubski, Golubski, Acoording, ” Organizations: KANSAS CITY, Kan, Kansas City Star, Unified Government Locations: KANSAS, Kansas City , Kansas, Wyandotte County and Kansas City , Kansas

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