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☆ TD Bank hit with record $3 billion fine over drug cartel money laundering, source says
▼ + stars: | 2024-10-10 | by ( Jordan Valinsky | Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government’s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. The US Department of Justice said in a statement that TD Bank had “long-term, pervasive, and systemic deficiencies” in its procedures of monitoring transactions. TD Bank declined to comment on the fine, but the bank plans to hold a call with investors later on Thursday. TD Bank’s (TD) US-listed shares slumped 5% as investors brace for higher legal expenses and weaker growth.

Persons: FinCEN, TD Bank’s, ” John Aiken, “, Allen Stanford Organizations: New, New York CNN —, Bank, US Treasury Department’s, US Justice Department, US Department of Justice, Street Journal, TD Bank, Jefferies, ”, Justice, Treasury, CNN Locations: New York

☆ Jail Death Lawsuit Is Settled for $7.5 Million Amid California Inquiry
▼ + stars: | 2024-05-17 | by ( Christopher Damien | ) www.nytimes.com time to read: +1 min

Officials in Riverside County did not bring charges against any of the deputies involved in the encounter with the man, Christopher Zumwalt, 39, but quietly agreed in December 2023 to pay $7.5 million to settle a lawsuit filed by his family. Depositions from the case and video footage obtained by The New York Times show the frantic and violent minutes when deputies tried to force Mr. Zumwalt out of his cell as he paced and talked incoherently. In the video, deputies wearing helmets and shields toss canisters of pepper spray into the small concrete room, struggle with Mr. Zumwalt, and strap him to an emergency restraint chair. He died on Oct. 25, 2020, after experiencing cardiac arrest. On the day of his arrest, he was issued a citation for bringing drugs into a jail.

Persons: Christopher Zumwalt, Zumwalt, incoherently Organizations: The New York Times Locations: Southern California, Riverside County

☆ Judge’s stern rebuke of Elon Musk’s X gives critics fresh hope
▼ + stars: | 2024-03-26 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +7 min

CNN —A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. Breyer held that the reports were “unquestionably” protected by the group’s free speech rights. Now, that decision could embolden other research groups and Musk critics who have faced legal threats from the billionaire. Researchers face hurdles to studying on-platform behaviorResearchers from non-profits and academic institutions have had a harder time studying X since Musk’s takeover in 2022. But one of Musk’s first changes at X was to put access to platform data behind a steep paywall.

Persons: reprimanding Elon Musk’s, Charles Breyer, Breyer, CCDH, X, Northern District of California —, Musk, White, Elon, ”, Alex Abdo, ” Abdo, Angelo Carusone, Carusone, Andrew Bailey, “, ” Carusone, David Karpf, ” Karpf, Nora Benavidez, Benavidez Organizations: CNN, Center, Court, Northern, Northern District of, Columbia University, “ Society, Twitter, Anti, Defamation League, Microsoft, Meta, Media, AGs, School of Media, Public Affairs, George Washington University, ” Free Press, Free Press Locations: Northern District, Northern District of California, Texas, Missouri

“This is hugely important, both practically and symbolically,” said Tim Franklin, director of the Local News Initiative at Northwestern University's Medill journalism school. The Carnegie Corp., the Democracy Fund, the Ford Foundation, the Robert Wood Johnson Foundation and MacArthur are among a group of 20 initial funders. Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public's understanding of facts, said John Palfrey, MacArthur Foundation president. He said he expected other funding will be added in the coming months to boost the commitment beyond $500 million. Struggling local news sources have also attracted the attention of state governments, where things like tax breaks for advertisers or subscribers are being discussed, he said.

Persons: ”, Tim Franklin, Robert Wood Johnson, John Palfrey, Franklin, there's, “, Alberto Ibarguen, John S, James L, Ibarguen, wasn’t, ” Ibarguen, he's, Tom Rosenstiel Organizations: MacArthur Foundation, Foundation, Press, Local, Initiative, Northwestern University's Medill, Carnegie Corp, Democracy Fund, Ford Foundation, Robert Wood Johnson Foundation, MacArthur, Associated Press, Knight Foundation, Texas Tribune, Shawnee Mission, University of Maryland Locations: United States, Northwestern, Shawnee, Kansas, Richland, Ohio, Chicago, Dallas , Texas, Pennsylvania, Minneapolis, Boston, Dallas, Seattle, Philadelphia

☆ Summer’s Not Over Yet
▼ + stars: | 2023-09-02 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +1 min

This weekend, while you’re working the grill or attending a parade or sitting in traffic, conversation will turn, inevitably, to the end of summer. Labor Day, nominally a holiday celebrating the industriousness of the American worker, also serves to remind the worker that they haven’t been quite as industrious as they might have been these past three months. In his eulogy for summer’s lazy days in The Times today, my colleague Stephen Kurutz mourns the vestiges of truly unmonitored working from home that this fall seems to augur: “Will we forget the small pleasure of sitting on a porch and looking at the yard?” he writes. Of trading the daily commute for an aimless drive?”Why must there be such an austere demarcation between before Labor Day and after, between summer and not-summer, between enjoying our lives and enduring them? Why have we so internalized the back-to-school dread of childhood that it’s become a permanent feature of adulthood?

Persons: You’ll, Stephen Kurutz, it’s Organizations: Labor, The Times Locations: The

☆ 6 cruise passengers have gone overboard in 3 months. Here's why most ships still don't use detection tech for rescues.
▼ + stars: | 2023-08-31 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. In total, at least five passengers have gone overboard cruise ships this summer, including Hill. The incidents occurred on the cruise ships Carnival Elation, Spectrum of the Seas, Emerald Princess, Mariner of the Seas, and Wonder of the Seas. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Princess, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Hill, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ 4 people have gone overboard on cruise ships this summer. Here's why most cruise lines don't use technology that could've helped save them.
▼ + stars: | 2023-08-24 | by ( Hannah Towey | ) www.businessinsider.com time to read: +18 min

An average of 19 people go overboard on cruise ships every year, industry data has found. At 6:36 p.m. — more than 12 hours after Peale fell overboard — Carnival contacted the Coast Guard, according to the agency. Less than two months after Peale fell overboard, 30-year-old Jaylen Hill also went overboard a Carnival cruise ship. Legislation without regulationThe US Coast Guard does not check for man-overboard image capture or detection technology during compliance inspections of cruise ships. A Coast Guard spokesperson said there are no regulations preventing cruise lines from installing MOB detection systems on their vessels.

Persons: Ronnie Peale Jr, Peale, Linda Peale, —, Travis Heggie, Hill, Eric Rodriguez, Joe Perez, Ross Klein, Paul McConnell, Jamie Barnett, James Michael Grimes, Grimes, CLIA, it's, Mike Collier, MOBtronic, Sen, Richard Blumenthal, Collier, Blumenthal, Linda Peale Jennilyn Blosser, Blosser, didn't, Barnett, Jim Walker Organizations: US Coast Guard, Carnival, Coast Guard, Bowling Green State University, Cruise Lines International Association, Royal Caribbean's, Princess Cruises, Jacksonville , Florida . U.S . Coast, Washington Post, Carnival Corporation, U.S . Coast Guard, Getty, Cruise Vessel Security, Safety, Guard, International Cruise Victims Association, Line International Association, USA, Royal Caribbean, International, Organization Locations: Virginia's Shenandoah, Connecticut, Jacksonville , Florida . U.S, Richard Blumenthal of Connecticut, MOBtronic

☆ Federal investigators are sure no one strangled Jeffrey Epstein
▼ + stars: | 2023-06-27 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The DOJ's watchdog released a report detailing the circumstances leading up to Jeffrey Epstein's death. The report confirms that Epstein died by suicide and was not strangled, as some have speculated. The report, however, slams federal officials for failing to prevent Epstein's death. The report also appears to confirm that Epstein died by suicide and was not strangled, as some have speculated. Justice Department officials also interviewed staffers at the Metropolitan Correctional Center, where Epstein was awaiting trial before his death.

Persons: Jeffrey Epstein's, Epstein, —, SHU Organizations: Service, Justice, Metropolitan Correctional Center, SHU Locations: Manhattan

☆ Jeffrey Epstein likely rehearsed his suicide on July 23, but he was still left to accomplish the real thing weeks later, federal inspectors found
▼ + stars: | 2023-06-27 | by ( Michelle Mark | ) www.businessinsider.com time to read: +4 min

Jeffrey Epstein likely rehearsed his suicide weeks before he died, an inspector's report says. Epstein was placed on suicide watch, but was later left unmonitored and with excess linens in his cell. The report documented a number of errors from jail staff, including "significant misconduct." The jail's chief psychologist had determined Epstein likely rehearsed his suicide in the early morning hours on July 23, 2019. Epstein initially told staff his cellmate had tried to kill him, but the cellmate told staff that he felt something hit his legs while he was asleep.

Persons: Jeffrey Epstein, Epstein, —, Mary Altaffer, unmonitored Organizations: Service, Metropolitan Correctional Center, Staff, Metropolitan Correctional, Associated Press, Reuters

☆ DOJ issues scathing rebuke of Bureau of Prisons detailing multiple failures that led to Jeffrey Epstein’s suicide
▼ + stars: | 2023-06-27 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

The report indicated the Bureau of Prisons’ failings were troubling not only because they did not safeguard Epstein but also because they “led to numerous questions about the circumstances surrounding Epstein’s death” and denied Epstein’s victims justice. Two guards on duty the night of Epstein’s death later admitted to falsifying records at the time. According to the initial indictment against the two guards, on the night of Epstein’s suicide, both individuals repeatedly failed to complete the required prisoners check during their watch. On the day before he was found dead in his prison cell, Epstein was also allowed by prison staff to make an unmonitored phone call, despite prison policy requiring all phone calls to be monitored. In August 2021, two years after Epstein’s death, the BOP announced it would close Metropolitan Correctional Center, citing the need to improve conditions in the facility.

Persons: Jeffrey Epstein, ”, Epstein, ” Epstein, OIG Organizations: CNN, Department’s Office, Prisons, Federal Bureau of Investigation’s, Metropolitan Correctional Center, Justice Department, Southern, of, MCC, FBI, Force, BOP, Correctional Center, Office Locations: New York, of New York

☆ Your Job Search Sucks Right Now Due to AI Hiring, Ghost Job Listings
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. And now, generative AI tools like ChatGPT are contributing to job loss. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ Why job searches suck right now
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. Individually, ghost-job postings can erode both trust in the job market and the morale of job seekers who are applying to hundreds of positions and never hearing back. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
▼ + stars: | 2022-05-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Insider learned about the WADU system through interviews and leaked internal documents that explain what kinds of data it captures. Though the use of Palantir was reportedly for security purposes, JPMorgan employees who spoke to Bloomberg said the situation quickly escalated. When companies are opaque about how they use employee data, the consequences can be detrimental — from harming employee "engagement" to eroding their "mental health," Garr said. Companies that fail to do this run the risk of cultivating the kind of mistrust that JPMorgan employees claim is running rampant through their ranks. "It does not sit well with me, what they're doing," said the US-based staffer with direct knowledge of the WADU system.

☆ Afghanistan is being overrun by crystal meth
▼ + stars: | 2021-05-07 | by ( Ali Latifi | ) www.businessinsider.com time to read: +14 min

The US is leaving behind a flourishing, violent trade in heroin and crystal meth in Afghanistan. HERAT, Afghanistan — For weeks, Afghan police had been staking out a single-family house they believed was being used as a meth lab. Afghanistan's drug trade generates an estimated $35 million a month for the Taliban and drug gangs. A mysterious grassIn 2017, rumors circulated in western Afghanistan that a mysterious form of grass had been found to contain the key ingredient in crystal meth. "So long as this war continues, the drug trade will continue to grow bigger and bigger.

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