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LAKE CHARLES, La., May 18 (Reuters) - In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. He hopes the spending cuts backed by Higgins won't affect local efforts to provide affordable housing. When it comes to spending, Higgins has been a solid "no" in Washington. For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible.

☆ A Navy jet just landed on the aircraft carrier USS Nimitz for the 350,000th time, but the famous flattop's days are numbered
▼ + stars: | 2023-05-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

A fighter jet landed on the USS Nimitz for the 350,000th time — a historic milestone. The aircraft carrier became the first in active service to hit that mark after 48 years in the Navy. Aircraft carrier USS Dwight D. Eisenhower has recorded 326,600 arrested landings, the next highest total. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr. Craig Sicola, commanding officer of the aircraft carrier USS Nimitz (CVN 68), front seat, and Cmdr.

☆ This is not like the 2011 debt ceiling crisis, warns fmr. sr. advisor to House Dem leader Jeffries
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is not like the 2011 debt ceiling crisis, warns fmr. sr. advisor to House Dem leader JeffriesMichael Hardaway, former senior advisor to House Democratic Leader Hakeem Jeffries, and Rohit Kumar, PwC's national tax office leaders and former deputy chief of staff to Sen. Mitch McConnell, join 'Squawk Box' to discuss the latest in debt ceiling negotiations, and what comes next after President Biden and House Speaker Kevin McCarthy failed to reach consensus during Tuesday's meeting.

WASHINGTON, May 4 (Reuters) - Philippines President Ferdinand Marcos Jr dismissed criticism during an interview on Thursday that his presidential campaign played down the corruption and extravagance the Marcos family was known for during his father's rule. Marcos told Reuters at the end of a four-day visit to Washington that his country's citizens could not continue to fight decades-old social battles. During his campaign, critics said Marcos' presidential bid tried to whitewash the corruption and authoritarianism associated with his father's 20-year rule. The Marcos family denies wrongdoing. Marcos' Washington visit has been the first by a Philippine president in more than 10 years and included a summit on Monday with U.S. President Joe Biden.

CNN —Prosecutors for special counsel Jack Smith have been asking questions in recent weeks about the handling of surveillance footage from former President Donald Trump’s Mar-a-Lago resort after the Trump Organization received a subpoena last summer for the footage, according to multiple sources familiar with the investigation. Prosecutors are expected to ask them about the handling of the surveillance footage and Trump employees’ conversations following the subpoena, according to the sources. Calamari Sr., the executive vice president and chief operating officer of the Trump Organization, has primarily overseen security operations for Trump and his properties during his decadeslong career working for Trump. His son, Calamari Jr., is director of security for the Trump Organization. An attorney for Calamari Sr. did not respond to a request for comment.

☆ John Blake: The story about race I didn't know how to tell
▼ + stars: | 2023-05-02 | by ( John Blake | ) edition.cnn.com time to read: +14 min

John Blake, seen here in a second-grade photo, grew up as the son of a White mother and Black father. What I didn’t know was that my community had died long before the Freddie Gray protests. That’s the story I wanted to tell, but I didn’t know how. I didn’t know how to tell Harlow any of that because my story doesn’t fit traditional narratives about race or identity. My white family members didn’t change because I shamed them with an impressive lecture on systemic racism.

☆ Stew Leonard Sr. Dies at 93; Founded ‘Disneyland of Dairy Stores’
▼ + stars: | 2023-04-27 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Stew Leonard Sr., a folkloric retailer who expanded his namesake stores into merchandising meccas replete with petting zoos and mechanical singing farm animals, died on Wednesday at a hospital in Manhattan. Mr. Leonard opened his original store in Norwalk, Conn., in 1969 as a destination that promised fresh milk because it was built around a bottling plant. “You’d have to own a cow to get it sooner,” his advertisements proclaimed. Bryan Miller described it in The New York Times as the “Disneyland of Dairy Stores”; “Ripley’s Believe It or Not” called it the “World’s Largest Dairy Store”; and it earned a place in the Guinness World Records for having the highest dollar sales per square foot of selling space. In 2015, Business Insider praised Kroger’s customer loyalty program and Wegmans’s walk-in beer locker, but it concluded that anyone who had ever set foot in Stew Leonard’s “knows it is miles above the rest.”

☆ Harry Belafonte, calypso star and civil rights champion, dies at 96
▼ + stars: | 2023-04-25 | by ( Alex Johnson | Diana Dasrath | ) www.cnbc.com time to read: +9 min

Singer Harry Belafonte speaks during a press junket at The Bing Decision Maker Series with the Sing Your Song Cast and Filmmakers on January 22, 2011 in Park City, Utah. American singer Harry Belafonte performing in a recording studio, circa 1957. By the early 1960s, Belafonte had become a force in the civil rights movement. A crowd of over 10,000 civil rights marchers gathers in the Manhattan Garment Center as Harry Belafonte sings at spiritual at a civil rights rally. A capacity audience of civil rights advocates turned out to watch a glittering array of theater personalities perform.

☆ Leaked documents reveal China's plans to launch a supersonic spy drone that could fly 3 times the speed of sound, WaPo reports
▼ + stars: | 2023-04-19 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Some of the documents showed China's plans for a supersonic drone, The Washington Post reported. China's WZ-8 rocket-propelled reconnaissance drones can travel three times the speed of sound. The drones could assist China in real-time mapping that would inform strategy or enable high-speed missile strikes in a future conflict, The Washington Post reported. The documents reported on by the outlet included flight paths for the drone, as well as the bomber plane used to launch the device. Representatives for the Department of Defense and China's Ministry of National Defense did not immediately respond to Insider's requests for comment.

☆ NJ deli stock fraud defendant denied bail as judge calls him a serious flight risk
▼ + stars: | 2023-04-17 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +4 min

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. A magistrate judge had approved Peter Coker Jr.'s release on a $1.5 million bond in late March, but he remained in an Essex County jail as prosecutors appealed the ruling. He added that Coker Jr.'s local doctors had advised him not to travel because of his health issues. Assistant U.S. Attorney Shawn Barnes acknowledged that Coker Jr. had health concerns, but said officials could have made arrangements to ensure his safety while traveling. After the judge delivered her ruling, Coker Jr.'s mother cried in the gallery and outside of the courtroom.

☆ Fact Check-Obama’s father’s passport circulates online and reignites ‘birther’ conspiracy
▼ + stars: | 2023-04-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A British passport listing a Kenyan province as the holder’s place of birth belongs to Barack Hussein Obama, father of former U.S. President Barack Obama. Images of the document, however, have been misrepresented online with social media users falsely claiming it shows the former president’s passport. The passport document garnered traction online after Malik Obama, Barack Obama’s half-brother and a vocal critic of his, tweeted four photographs of the passport on April 13 (here). The captions identify the document as: “Barack Obama-Barack Obama Sr. -British Passport.”Reuters has previously debunked similar claims about Obama (here here)VERDICTFalse. Photos depict the passport of former U.S. President Barack Obama’s father.

Here’s what to know about Mr. Bragg’s background and career:The district attorney has lived in Harlem for most of his life. Mr. Bragg was born on Oct. 21, 1973, to Alvin Bragg Sr., a social services worker, and Sadie Bragg, a teacher. He attended Trinity, an elite private school in Manhattan, before going to Harvard. Mr. Bragg beat out eight other candidates to become the district attorney. In June 2019, Mr. Bragg declared that he was running for Manhattan district attorney.

Persons: Bragg, Alvin Bragg, Sadie Bragg, ”, Robert Patterson Jr, ’, Preet Bharara, “ We’re Organizations: Trinity, Harvard, Black Students Association, Harvard Crimson, New, Southern, of Locations: Harlem, Manhattan, “, New York, of New York

☆ Treasury Sec. will reaffirm U.S. resilience, soundness of banking system: Sr. official
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTreasury Sec. will reaffirm U.S. resilience, soundness of banking system: Sr. officialCNBC's Kayla Tausche reports on news from the upcoming IMF meetings.

☆ Pennsylvania Sen. Bob Casey announces re-election bid for fourth term
▼ + stars: | 2023-04-10 | by ( Summer Concepcion | ) www.cnbc.com time to read: +3 min

Sen. Bob Casey, D-Pa., on Monday announced he will seek a fourth term in the battleground state next year as Democrats fight to keep their Senate majority. "I'm running for re-election because with so much on the line for Pennsylvania's working families, I want to keep delivering results for Pennsylvania," Casey said in a statement announcing his re-election campaign. No other candidates for the 2024 Pennsylvania Senate race have been officially announced. During his time in the Senate, Casey has joined Republicans and other Democrats to negotiate bipartisan bills. Casey, who has long held anti-abortion views, had a complicated stance on the government's role in abortion rights.

☆ How two of North America's richest families came together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-10 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp., Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Ex-fugitive in $100 million N.J. deli case granted bail, but kept jailed as feds fight release
▼ + stars: | 2023-04-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. A former fugitive in the securities fraud case of the notorious $100 million New Jersey deli has been granted bail — but he remains in jail as federal prosecutors fight his release by arguing he remains a serious flight risk. Coker Jr., 53, was charged in September along with his father, Peter Coker Sr., and another man, James Patten, in a 12-count indictment alleging securities fraud and conspiracy. Prosecutors say the scheme was designed to make both companies attractive targets for so-called reverse mergers with private companies. The elder Coker and Patten were arrested at the time of the indictment in North Carolina, where they reside.

☆ Why two of North America's richest families are coming together to fortify Greg Fleming's Rockefeller Capital Management
▼ + stars: | 2023-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

A firm owned by one of Canada's richest clans has invested $622 million in wealth firm Rockefeller. Two of North America's richest families have partnered up to invest in wealth management powerhouse Rockefeller Capital Management. The Desmarais family invested $622 million through the Power Corporation of Canada, the financial services conglomerate the family controls, for a 20.5% stake in Rockefeller Capital Management. Paul's son and deputy chairman of Power Corp, Andre Desmarais considered the late David Rockefeller Sr. as a mentor. Courtesy of Rockefeller Capital ManagementThe Desmarais family has worked with Rockefeller on big dealsRockefeller chief executive Fleming also has a two-decade-long relationship with the Desmarais clan.

☆ Q2 PLAYBOOK: EVERCORE'S JULIAN EMANUEL WARNS A REALITY CHECK IS AHEAD FOR INVESTORS
▼ + stars: | 2023-04-03 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQ2 PLAYBOOK: EVERCORE'S JULIAN EMANUEL WARNS A REALITY CHECK IS AHEAD FOR INVESTORSJulian Emanuel, Evercore ISI Sr. Managing Director, on making sense of today's market action with CNBC's Melissa Lee and the Fast Money traders.

☆ How 2 Gen Z climate leaders turn their eco-anxiety into action: 'This isn't a fad. This is the future'
▼ + stars: | 2023-04-02 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

The climate crisis impacts everyone, and young people feel especially stressed about the warming planet. In a recent conversation at the South by Southwest conference in Austin, Texas, tech founder and philanthropist Alexis Ohanian spoke with two Gen Z climate leaders about how they manage their eco-anxiety. Penn says the biggest way she confronts climate anxiety is by taking action, and her biggest motivator is using hope and joy as tools of resilience. Most recently, Penn says she channels her climate anxiety through art, namely through her first animated short film "Asali: Power of the Pollinators" with executive producer Viola Davis, which comes out in April. She also stresses the need to tap into Black, Brown and Indigenous communities to measure negative impact as well as seek solutions.

☆ Assassinations, plane crashes, and a botched lobotomy: How the Kennedys' numerous tragedies fueled the idea of a 'cursed family'
▼ + stars: | 2023-04-02 | by ( James Pasley | ) www.businessinsider.com time to read: +1 min

After Robert and John F. Kennedy were assassinated, an idea formed that the family could be cursed. Their history has been marred with tragedy, including four plane crashes, a skiing accident, and a lobotomy. In 1969, Ted Kennedy even publicly referred to the curse when he apologized for fleeing a car crash. But their family also has had to deal with countless tragedies: two assassinations, two overdoses, four plane crashes, a skiing accident, and even a botched lobotomy. Here are the tragedies that have struck the Kennedy family.

☆ ‘William F. Buckley Sr.’ Review: Conservatism’s Mexican Roots
▼ + stars: | 2023-03-27 | by ( Andrew R. Graybill | ) www.wsj.com time to read: +2 min

But unlike Burke, who observed the happenings in France from the safety of England, Buckley was a participant in the drama that unfolded in Mexico, where he had moved in 1908. This is the subject of “William F. Buckley Sr.: Witness to the Mexican Revolution, 1908-1922,” a fascinating if uneven book by the independent historian John A. Adams Jr. Considering the Buckley family’s indelible association with New York City and its leafy environs, it may come as a surprise that Buckley père was raised in South Texas, where he was born in 1881. Will and his siblings grew up poor, “blessed with neither electricity, gas, telephone, running water, nor refrigeration,” as one of the children later recalled. But they were bilingual, perhaps of necessity, given that 90% of the 2,000 residents of San Diego, Texas, their hometown, were of Mexican descent.

☆ You may owe taxes on your crypto investments — here are 3 things to know
▼ + stars: | 2023-03-25 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Since 2014, the IRS has treated virtual currency as property for federal income tax purposes, according to the agency's website. Similar to stocks, crypto is subject to IRS rules surrounding capital gains and losses. That means that if you earned a profit by selling your crypto for more than what you purchased it for, you'll owe capital gains tax on the difference. The IRS allows investors to use capital losses to offset taxable capital gains. Additionally, capital losses can be used to reduce your regular taxable income by up to $3,000 per year if your capital losses exceed your annual capital gains.

☆ Our base case is one more hike in May, says Deutsche Bank's Brett Ryan
▼ + stars: | 2023-03-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case is one more hike in May, says Deutsche Bank's Brett RyanBrett Ryan, Deutsche Bank sr. U.S. economist, joins 'Squawk on the Street' to discuss his projection for the Fed, and says he believes it will hike one more time at the May meeting.

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. NEWARK, N.J. – A former fugitive in the securities fraud case involving a New Jersey deli company once valued at $100 million renounced his U.S. citizenship in 2019, prosecutors revealed Thursday as they asked a judge to deny him bail. In the same letter, prosecutors said Coker Jr. had "stood to make tens of millions of dollars" from a hoped-for reverse merger of the deli company, which the goal of the "complex, long-term fraud' spanning at least seven years that grossly inflated its stock price. CNBC in 2021 published several dozen articles that exposed eyebrow-raising consulting agreements, troubled legal histories, and other issues related to people connected to the deli company. I have no intention to return to live or work in the U.S., and have therefore decided to renounce my U.S.

☆ How to Fill Out a Form 1040
▼ + stars: | 2023-03-20 | by ( ) www.wsj.com time to read: +15 min

Form 1040 contains every figure the IRS needs to calculate your tax bill or refund. The form is identical to Form 1040, but with larger text that makes the form easier to read.) Filing status and personal informationAt the top of Form 1040, you’ll indicate your filing status and provide your basic personal information. If you make estimated tax payments throughout the year, you might want some of your overpayment applied to your estimated tax payments for the following year. Signatures on Form 8879 can be electronic or physical, and once the form is signed you can submit your return for e-filing.

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