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Shein reveals child labor cases at its suppliers
  + stars: | 2024-08-23 | by ( Story Reuters | ) edition.cnn.com   time to read: +4 min
Fast fashion retailer Shein found two cases of child labor at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufacturers in China to assuage criticisms of its low-cost business model ahead of a planned flotation. Shein tightened its supplier policy last October after the child labor cases were found, so that any severe breaches — called “Immediate Termination Violations” — would result in ending the relationship with the supplier immediately. Previously, suppliers such as those that employed minors had 30 days to resolve the issue, failing which Shein would cut ties. That violation was found in 1.8% of supplier audits in 2021, 0.3% of audits in 2022, and 0.1% in 2023. “We remain vigilant in guarding against such violations going forward, and in line with current policies, will terminate any noncompliant suppliers,” Shein said in the report.
Persons: Shein, Annabella Ng, , ” Shein, Sky Xu, Jiajia Zou, General Atlantic Cornelia Gomez, Josh Raffaelli, Ng, Organizations: SGS, Tuv, General Atlantic, Brookfield Growth Locations: China, Shein, Singapore, Openview, Tuv Rheinland, QIMA, London, China’s Guangdong, Turkey, Brazil
Some of them were alums of Project Veritas, the conservative group known for elaborate sting operations targeting liberal organizations, journalists and unions. The man at the center of the fracas was Michael Spadone, a former Project Veritas field director. In that role he oversaw staffers who used hidden cameras to embarrass people Project Veritas targeted. James O’Keefe, the Project Veritas founder, was ousted from the nonprofit last year. Before Spadone left Project Veritas, he was the subject of a sexual harassment lawsuit filed by a former administrative assistant.
Persons: Michael Spadone, Spadone, , ” Spadone, they’d, , It’s, James O’Keefe, Jeffrey Lichtman, didn’t, Zachary Glaza, Antonietta Zappier, Amer Zahr, Zahr shrugged, surveil, profanities, you’re, , You’re, “ You’re, Uber, I’m, ’ ”, they’re Organizations: Veritas, NBC News, Project Veritas, Dearborn Police Department, Local, People’s Conference, Palestine, Henry, NBC Locations: Michigan, Dearborn, America, Palestinian American, American, we’re, Detroit
A Florida woman was arrested Monday in Georgia on motor vehicle, marijuana, and other misdemeanor state charges just one day before her scheduled voluntary surrender to begin a monthlong jail term for stealing and selling the diary of President Joe Biden's daughter Ashley Biden, prosecutors revealed in a New York federal court filing. Harris, 42, was sentenced in April to one month in jail and three months of home detention. She had been scheduled to surrender Tuesday at noon to begin serving her jail sentence. "The defendant is currently in state custody in connection with those charges." The arrest report, obtained by CNBC by the McIntosh County Sheriff's Office, shows that Harris was arrested at 11:30 p.m.
Persons: Joe Biden's, Ashley Biden, Aimee Harris, Harris, Ashley Biden's, Laura Taylor Swain, Swain Organizations: U.S . Bureau, Prisons, Attorney's, CNBC, Sunday Locations: Florida, Georgia, New York, Palm Beach, U.S, Manhattan, McIntosh County , Georgia, McIntosh, Darien, Carolina
Aimee Harris, right, walks out of Manhattan federal court, Tuesday, April 9, 2024, in New York. A Florida woman was arrested Monday in Georgia on motor vehicle, marijuana, and other state charges just one day before her scheduled voluntary surrender to begin a month-long jail term for stealing and selling the diary of President Joe Biden's daughter Ashley Biden, prosecutors revealed in a New York federal court filing. Harris, 42, was sentenced in April to one month in jail and three months of home detention. She had been scheduled to surrender on Tuesday at noon to begin serving her jail sentence. "The defendant is currently in state custody in connection with those charges."
Persons: Aimee Harris, Joe Biden's, Ashley Biden, Harris, Ashley Biden's, Laura Taylor Swain, Swain Organizations: U.S, Marshals, U.S . Bureau, Prisons, Attorney's, Sunday Locations: Manhattan, New York, Florida, Georgia, Palm Beach, U.S, McIntosh County , Georgia, Carolina
CNN —As a journalist and professor who teaches media ethics, I have long been against the kind of undercover secret recording activist Lauren Windsor made of Supreme Court Justice Samuel Alito and his wife, as well as Chief Justice John Roberts. Join us on Twitter and FacebookWhat Windsor discovered does not tell me as much as ProPublica and The New York Times have about the secrecy and shocking lack of ethics in the Supreme Court. But she did make me think Alito is even farther to the religious right than I thought. But while the approach was similar, Maryland has a law against secret recordings; two-person consent is required. But she broke no law in taking us behind closed doors and a little further into the mind of Alito.
Persons: David Zurawik, Lauren Windsor, Samuel Alito, John Roberts, David Zurawik Mich Rouse, Alito, , ” Alito, Windsor, James O’Keefe, Hannah Giles, , ethicist, Donald Trump Organizations: Goucher College, Baltimore Sun, CNN, Supreme, Project Veritas, ACORN, Journalists, Capitol, New York Times, Windsor, Catholic, The New York Times, Twitter, Facebook, Veritas Locations: Windsor, there’s, Baltimore, Maryland, Washington, DC
Read previewEarly Monday, Rolling Stone reported that a documentary filmmaker posing as a Catholic conservative created secret audio recordings of conversations with Supreme Court Justices John Roberts and Samuel Alito at an exclusive charity gala. Advertisement"One side or the other is going to win," Alito told Windsor at the event, according to both outlets. Windsor told The Times that making the secret recordings was the only way she believed she could get answers to her questions. "I mean, whether or not Justice Alito thinks that the country's political or tribal divisions are likely to be solved anytime soon doesn't tell us very much." Representatives for the Supreme Court did not immediately respond to requests for comment from Business Insider.
Persons: , Rolling Stone, John Roberts, Samuel Alito, Lauren Windsor's surreptitious, Alito's, Justice Roberts, Alito —, Alito, Windsor, Roberts, That's, Jonathan Adler, Adler Organizations: Service, Business, New York Times, Times, Supreme, Case Western Reserve University, Historical Society Locations: Windsor
Goldman Sachs recommended that investors consider a specific strategy when trading European markets right now given the "scope for near-term volatility in equities." Here are two such stock ideas, which are also on the Wall Street bank's conviction list. Goldman gives the stock around 23.6% upside from a 12-month price target of 223 euros ($242.10). Bureau Veritas Another stock on Goldman's list is French company Bureau Veritas , known for its laboratory testing, inspection and certification services. Goldman gives the stock nearly 20% upside from a 12-month price target of 37 euros.
Persons: Goldman Sachs, Liquide Goldman, Georgina Fraser, Fraser, Goldman, Suhasini, — CNBC's Michael Bloom Organizations: Air Liquide, Euronext Paris Exchange, Veritas, Bureau Veritas, First Locations: Paris, Suhasini Varanasi
A man posing as a pest exterminator tried to gain access to a San Diego hotel that operates as a shelter for migrant families. The next day, a woman showed up claiming to be an immigrant in need of help. Voice mail left for the chief executive called him “scum” and “not really Christian.” A woman left another staff member an expletive-laced message about Catholics. She claimed that the nonprofit was flying migrants all over the country and profiting from an illegal operation. For decades, Catholic Charities and other faith-based organizations have played a crucial role helping federal authorities and local governments manage influxes of migrants.
Persons: , , James O’Keefe, O’Keefe, Donald J, Trump Organizations: Workers, Catholic Charities, Veritas Locations: San Diego
The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. According to its tax return, Accuracy in Media said it received $15,000 from the Coors brewing family's charitable foundation. But AIM president Adam Guillette told CNBC Yass had been misidentified, and he did not give to the organization. Nonprofit groups are not required to release their donors' names publicly, but they are required to report to the IRS the names of donors who gave $5,000 or more.
Persons: Claudine Gay, Pat Greenhouse, Jeff Yass, Richard Uihlein, Ed Uihlein, Milstein, Adam Milstein, Adolph Coors, Peter H, Janine, John Harvard, Joseph Prezioso, Adam Guillette, Guillette, Phil Headley, Uihlein, Israel, Ben Curtis Organizations: Harvard, Harvard University, Boston Globe, CNBC, Media, Foundation, Milstein Family Foundation, Internal Revenue, Coors, Adolph Coors Foundation, Molson Coors, Susquehanna International Group, Pro, Harvard University in, Afp, Getty, IRS, CNBC Yass, JBS, Company, AIM, Nonprofit, Independent Women's, South, IWF, Amazon, Project Veritas, Harvard College Locations: Yass, Uihlein, Harvard University in Cambridge , Massachusetts, South Carolina, Israel, Gaza, Harvard University in Cambridge
Ashley Biden, the daughter of President Joe Biden, wrote a judge to say she would not attend the criminal sentencing earlier this month of the woman who stole her diary because "it would only increase my pain." The highly emotional letter was unsealed by U.S. District Judge Laura Taylor Swain more than three weeks after the judge sentenced Aimee Harris to one month in federal jail and three months of home detention. "My goal in asking Your Honor to impose a term of incarceration is to ensure that another woman isn't bullied and shamed like this ever again," Biden wrote. Biden also asked Swain to sentence the Florida resident to prison followed by a lengthy probation period, according to the letter unsealed Thursday in Manhattan federal court. Project Veritas did not publish the diary, but another right-wing outlet did, shortly before the 2020 presidential election, which Joe Biden won.
Persons: Ashley Biden, Joe Biden, Laura Taylor Swain, Aimee Harris, isn't, Biden, Harris, Swain, David McCaw, Robert Kurlander Organizations: U.S, The New York Times, Veritas, Project Veritas Locations: Angeles, Los Angeles, Florida, Manhattan
Stagwell Group, the advertising agency holding group operated by Mark Penn, a former advisor to Bill and Hillary Clinton, is actively looking to buy adtech companies as it continues to grow through acquisitions. Penn's theory is that by bringing such adtech in-house, Stagwell can offer more self-service software to advertisers who want it while also shrinking those clients' ad prices and expanding its own margins. Challenger brand Stagwell is competing for bigger contractsPenn founded Stagwell Group in 2015 with $250 million in funding from investors, including former Microsoft Chief Executive Steve Ballmer. Stagwell recently made a near-$700-million bid for S4 Capital, another challenger ad company founded by longtime WPP CEO Martin Sorrell, The Wall Street Journal reported. Publicis Groupe has the biggest market capitalization of the largest holding companies, at $28.2 billion, while Stagwell is trading at around $1.6 billion.
Persons: Mark Penn, Bill, Hillary Clinton, Penn, we're, Stagwell, Penn didn't, Ana Milicevic, Milicevic, Brian Wieser, Wieser, Steve Ballmer, Sunny, GALE, Allison, Martin Sorrell, they're Organizations: Stagwell, Penn, Business, Google, Harris Poll, Next Partners, Sparrow, Madison, Challenger, Stagwell Group, Microsoft, MDC Partners, WPP, Publicis Groupe, Veritas, S4 Capital, Street Journal, S4, EMEA Locations: adtech, London
Private equity finds its next bet: college admissions
  + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +10 min
Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.
Persons: New York CNN — It’s, Janet Godwin, , ” Goodwin, , we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, , CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, , Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada
CNN —NASA is seeking innovative methods that could help retrieve samples collected by the Perseverance rover on Mars in the future. The original design for the Mars Sample Return program, a partnership between NASA and the European Space Agency, was a complex one. Reviews of the program have recommended that the Mars Sample return should not cost more than $5 billion to $7 billion, Nelson said. “Mars Sample Return will be one of the most complex missions NASA has ever undertaken. “We are operating from the premise that this is an important national objective that we return the samples,” Nelson said.
Persons: NASA's, Bill Nelson, Nicky Fox, Nelson, , ” Nelson, , Noble, Emissivity, won’t, It’s, Fox, ” Fox Organizations: CNN, NASA, European Space Agency, JPL, Caltech, Budget, Science, VERITAS, Imaging, Radio Science, Fox, Jet Propulsion Laboratory, Mars Locations: Mars, Pasadena , California
Ashley Biden speaks alongside her father US President Joe Biden during a Juneteenth concert on the South Lawn of the White House in Washington, DC, US, on Tuesday, June 13, 2023. A Florida woman who stole and then sold a diary and other items belonging to Ashley Biden — the daughter of President Joe Biden — to a right-wing media group weeks before the 2020 election was sentenced Tuesday to one month in federal jail and three months of home detention. Prosecutors had asked that Harris be sentenced to between four to 10 months in jail, as recommended by federal sentencing guidelines. Although Swain gave Harris a lighter sentence than prosecutors wanted, she called Harris' conduct "despicable," according to the AP. Kurlander, who pleaded guilty at the same time as Harris did, currently is scheduled to be sentenced on Oct. 25 by Swain.
Persons: Ashley Biden, Joe Biden, Joe Biden —, Aimee Harris, Harris, Robert Sobelman, Laura Taylor Swain, Ashley Biden's, Biden, Biden's, Sobelman, Prosecutors, Swain, Ashley, Donald Trump, Robert Kurlander, Nicholas Biase, Anthony Cecutti, Kurlander, James O'Keefe, Judge Analisa Torres, Torres Organizations: White, U.S, Associated Press, AP, Palm Beach, Manhattan U.S, Attorney's, CNBC, Project Veritas, FBI, Veritas Locations: Washington , DC, Florida, U.S, Manhattan, Delray , Florida, Delray, , Florida, New York
A federal judge in Manhattan sentenced a Florida woman on Tuesday to a month in prison for her role in a brazen scheme to steal the diary of President Biden’s daughter and sell it to a right-wing group in the hope of disrupting the 2020 election. The conduct of the woman, Aimee Harris, “was despicable and consequently very serious,” Judge Laura Taylor Swain of Federal District Court for the Southern District of New York said before handing down a punishment. Ms. Harris, 41, tested the patience of prosecutors and the judge overseeing the case after she missed repeated sentencing dates, jeopardizing what otherwise appeared to be a likely path to probation. In August 2022, she pleaded guilty to conspiring to transport the stolen diary to New York, where she met with employees of the group, Project Veritas, and sold it for $40,000 just weeks before the election.
Persons: Biden’s, Aimee Harris, , Laura Taylor Swain, Harris Organizations: Court, Southern, of, Veritas Locations: Manhattan, Florida, of New York, New York
Mass grave with 1,000 skeletons found in Germany
  + stars: | 2024-03-06 | by ( Jack Guy | ) edition.cnn.com   time to read: +4 min
CNN —Archaeologists say they have discovered what may be the largest mass grave ever excavated in Europe at a site in southern Germany. The remains are thought to date from the 1632-1633 plague epidemic. This evidence led the team to conclude that the older group of remains probably dates from the 1632-1633 epidemic. “I personally expect the number to be at 2,000 or even above, making it the biggest mass grave in Europe,” he said. Next up is work to complete the excavation, as well as cleaning and analyzing bone material, Langbein told CNN.
Persons: Melanie Langbein, , Sebastian Spital, Langbein, Terra Veritas Julian Decker, Decker, , “ We’re Organizations: CNN —, CNN, Terra Veritas, Terra Veritas Archaeologists, Locations: Europe, Germany, Nuremberg, Langbein, St, “ Nuremberg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no way to 12% growth this year, says Veritas' Greg BranchVeritas’ Greg Branch, join 'Closing Bell' to discuss the markets returning back to the bears versus the bulls and where they expect markets to go.
Persons: Branch, Greg Branch Organizations: Branch Veritas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Veritas’ Greg Branch and NFJ Investments’ John MowreyVeritas’ Greg Branch and NFJ Investments’ John Mowrey, joins 'Closing Bell' to discuss the markets returning back to the bears versus the bulls and where they expect markets to go.
Persons: Greg Branch, John Mowrey Veritas, John Mowrey Organizations: Veritas, NFJ
“It isn't just sort of creepy,” said Washington state Rep. Vandana Slatter, the sponsor of a law her state adopted last year to rein in unauthorized use of health information. X-Mode was also found to have sold location data to the U.S. military. In Virginia, legislation that would prohibit the issuance of search warrants, subpoenas or court orders for electronic or digital menstrual health data recently cleared both chambers of the Democratic-controlled General Assembly. “The next step to enforcing an abortion ban could be accessing menstrual health data, which is why I’m trying to protect that data,” Favola said in a committee hearing. “The software supply chain is extremely polluted with location tracking of individuals,” he said.
Persons: Roe, , Vandana Slatter, , Albert Fox Cahn, Sen, Ron Wyden, Wyden, He’s, It's, Washington's, Andrea Frey, Democratic Sen, Barbara Favola, Glenn Youngkin, ” Favola, Favola, “ It’s, Republican Sen, Mark Peake, Youngkin's, Sean O'Brien, he's, ___ Mulvihill, Frank Bajak, Sarah Rankin Organizations: Democratic, Supreme, Wade, Oregon Democrat, Intelligence, The Veritas Society, Wisconsin, Federal Trade Commission, Securities Exchange Commission, FTC, ., Democrat, Republicans, Connecticut, Assembly, Virginia Gov, Republican, Yale Privacy, Associated Press Locations: U.S, Washington, Oregon, Wisconsin, Massachusetts, Nevada, York, California, Maryland, ” Illinois, Hawaii , Illinois, Maine , Maryland , Massachusetts , Missouri, South Carolina, Vermont, In Virginia, Cherry Hill , New Jersey, Boston, Richmond , Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe factors driving the rally are starting to reverse, says Greg BranchGreg Branch, Managing Partner at Veritas Financial Group, discusses the outlook for the markets and Fed rate cuts.
Persons: Greg Branch Greg Branch Organizations: Veritas Financial
Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).
Persons: , Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with iCapital's Anastasia Amoroso, Veritas’ Greg Branch and Truist’s Keith LerneriCapital's Anastasia Amoroso, Veritas’ Greg Branch and Truist’s Keith Lerner, join 'Closing Bell' to discuss if bad breadth in the market matters and if the S&P's 493 may finally get a chance to shine.
Persons: iCapital's Anastasia Amoroso, Greg Branch, Truist’s Keith Lerner iCapital's Anastasia Amoroso, Truist’s Keith Lerner Organizations: Veritas
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA House Republican blamed the media for former President Donald Trump being removed from ballots as members of the GOP plan to file a resolution absolving him of the crimes he's been charged with in connection to January 6. Speaking fifth in a long series of frustrated Republicans, Rep. Andy Biggs directly accused the news media of leading Colorado and Maine to remove Trump from their presidential ballots. Advertisement"It was not an insurrection, but the craze-o's on the left supported by their accomplices in the media continue to try to harass and have President Trump removed from ballots using this false narrative," he said. She also told reporters, "You're hurting your own careers and you're hurting your industry" by labeling the former president an "insurrectionist."
Persons: , Donald Trump, Matt Gaetz, Gaetz, Sen, JD Vance, Andy Biggs, Trump, Lauren Boebert, Marjorie Taylor Greene, Jack Smith Organizations: Service, Republican, GOP, Rep, Business, Trump, Veritas, New York Times, firebrand, House Locations: United States, Colorado, Maine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors can expect 'surgical' rate cuts in second half of 2024, says FS Investments' Lara RhameGreg Branch, Veritas Financial Group managing partner, and Lara Rhame, FS Investments chief U.S. economist, join 'Squawk Box' to discuss the latest market trends, the Fed's rate path decision, strong January jobs report, and more.
Persons: Lara, Greg Branch, Lara Rhame Organizations: Investments, Veritas Financial Group, FS Investments
In fact, the world is brimming with destinations that effortlessly cater to both lovebirds and jet-setting families, merging fine dining, lavish lodging, and kid-approved activities. Go adventuring in St. LuciaSt. Lucia holds a special place in my family's hearts, as one of our first international destinations. Taryn White says that while CrossKeys Vineyard is great for couples, families with kids can also enjoy the atmosphere. Courtesy The Trip Wish ListFor those seeking a luxurious family retreat, there are many options, like Salamander Middleburg in Loudoun County. It also has family suites complete with bunk beds or twin beds, ensuring that everyone has plenty of space to unwind after a day of sightseeing.
Persons: , I've, Lucia St, Lucia, Bean, there's, Walsh, Taryn White, CrossKeys, Paris isn't, Gigi, Angelina Organizations: Service, des Pitons, Gros, Petit, Resorts, Aurora, Aurora Entertainment, Virginia Wine, Veritas, Keswick Hall, Michelin, Jardin du, Jardin des, Louvre Museum, Fish Locations: Maldives, French Polynesia, Caribbean, St, Sulphur Springs, New Jerusalem, Morne, des, Anguilla, Little Bay, Sandy Islands, Zemi, Aurora, Morais, Salamander Middleburg, Loudoun County, Albemarle County, Clifton, Paris, Jardin, Jardin du Luxembourg, Jardin des Tuileries, Hana, Makena
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