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Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ Here are six ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
▼ + stars: | 2023-08-04 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Thanks to tax cuts made during the Trump administration, Americans can give or hand down nearly $13 million in assets without paying federal estate tax. Currently, individuals and married couples can gift or bequeath $12.92 million and $25.84 million, respectively, before a 40% federal estate tax kicks in. The heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Private-placement life insurance, or PPLI, can be used to pass on assets from stocks to yachts to heirs without incurring any estate tax. These trusts pay a fixed annuity during the trust term, which is usually two years, and any appreciation of the assets' value is not subject to estate tax.

Persons: Uncle Sam, Trump, Robert Strauss, Weinstock Manion, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI Organizations: Taxpayers, IRS, Biden, Blackstone, Lombard International, Federal Reserve Locations: Cayman Islands, Bermuda, Florida, Wyoming, Plenty

☆ For Luck in Love, Couples Are Breaking Plates (On Purpose)
▼ + stars: | 2023-07-29 | by ( Alix Strauss | ) www.nytimes.com time to read: +2 min

The act of breaking plates is believed to represent a couple’s first moment of unity and teamwork. “I’m known for mixed-culture weddings,” Ms. Lee-DePasquale said. “Blending those cultures together is best done by understanding customs, traditions and rituals.”For the past 13 years, Ms. Lee-DePasquale has worked with couples to incorporate their cultures into modern celebrations. The more shards, the more luck the couple would experience.”Centuries later, a second step in this ritual emerged. “The couple sweep up the broken shards together to chase away the evil spirits and to represent their first shared task,” Ms. Lee-DePasquale said.

Persons: Harrington, ”, Meena Lee, “, Ms, Lee, DePasquale Locations: Manhattan, American

☆ How a Creator of a Women-Centric Whiskey Brand Spends Her Sundays
▼ + stars: | 2023-07-29 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

Kate Rosante’s passion for cocktails is thanks to her father, who built a bar in the living room of her childhood home. “I loved gathering around the guests and fetching drinks,” said Ms. Rosante, 43, a co-founder of the bourbon brand Boss Molly (slang for a stubborn female mule). “The bourbon world is hypermasculine and very niche,” she said. “We have respect for the tradition, but we didn’t feel it spoke to us. For the past seven years they have spent their summers in Amagansett, where they own a two-bedroom 1940s cottage.

Persons: Kate Rosante’s, “, ”, Rosante, Molly, Ms, Boss Molly, Brandi Bowles, Victoria Horn, Adam Rosante, influencer Organizations: Lexington Locations: Long, Amagansett

☆ The FBI surveilled J. Robert Oppenheimer for months on one man's suggestion. During the surveillance, interviewees alleged he was feeding nuclear secrets to the Soviet Union.
▼ + stars: | 2023-07-29 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

The FBI watched J. Robert Oppenheimer for months after he helped make the WWII-ending atomic bomb. Reports from the FBI show Oppenheimer was accused of Communism and spreading information to Russia. During the investigation, though, Pitzer said he had new doubts about Oppenheimer's loyalty to the country, due to his initial reservations about the development of the H-bomb. The Atomic Heritage Foundation does consider Oppenheimer likely to have held communist sympathies, but maintains that information in the report was exaggerated. At the end of the inquest, Oppenheimer's top-level security clearances were revoked, a devastating blow to the scientist.

Persons: Robert Oppenheimer, Oppenheimer, J, Christopher Nolan's, Edgar Hoover, Lewis Strauss, Hoover, Strauss, Kenneth Pitzer, Pitzer, Ward Evans, Jean Tatlock, Bernard Peters, Oppenheimer's, Jennifer Granholm, Granholm, AHF Organizations: FBI, Congress, Service, US Atomic Energy, Los Alamos National Laboratory, UC, Loyola University , Chicago, Atomic Energy, German Communist Party, Atomic Heritage Foundation, USA, US, Department of Energy, DOE Locations: Russia, Wall, Silicon, Soviet Union, UC Berkeley's

☆ Why New York AG Letitia James is probably Trump's biggest worry right now (not Jack Smith, Fani Willis or Alvin Bragg)
▼ + stars: | 2023-07-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

In three months, Trump faces a civil fraud trial that could run his Trump Organization out of New York. There's Jack, and Fani, and Alvin, of course, all poised to prosecute the former president criminally. And Donald Trump, Donald Trump, Jr., Ivanka Trump, and Eric Trump would further be banned from ever running a business anywhere in the state. The financial and psychic toll to being a mogul in exile would be great, two Trump biographers told Insider. Smith appears on the brink of winning a new indictment, relating to the 2020 election, as does District Attorney Fani Willis in Atlanta.

Persons: Trump, Donald Trump's, There's Jack, Alvin, there's, —, Letitia James —, James, Donald Trump, Donald Trump , Jr, Ivanka Trump, Eric Trump, crowing, Michael D'Antonio, he's, D'Antonio, Alvin Bragg's, Jack Smith's Mar, Smith, Fani Willis, Chris Christie, David Aaron, Aaron, Perkins Coie, Aileen Cannon, Ira Judelson, Dominique Strauss, Kahn, Arthur Engoron, New York —, Nobody, Gwen Blair, Blair, he'll Organizations: Trump Organization, Service, — New York, Trump, New, Republican, Manhattan, Mar Locations: New York, Manhattan, Wall, Silicon, New Yorker, Florida, Atlanta, New Jersey, Washington, DC, Mar, Delaware, Trump Org's, York, Queens, Emerald City, Miami, Bedminster , New Jersey, New York City

☆ Carrier ablaze off Dutch coast carrying almost 500 electric cars
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, July 28 (Reuters) - The car carrier burning off the Dutch coast since Tuesday night is carrying nearly 500 electric vehicles, ship charter company "K" Line said on Friday, significantly more than the 25 initially reported by the coastguard. There were 3,783 vehicles on board, including 498 battery electric vehicles, a Tokyo-based spokesperson for K Line (Kawasaki Kisen Kaisha), which had chartered the vessel, said. He declined to say anything about the car brands, including whether or not it included any cars from Japanese manufacturers. An investigation has been launched by the Panama Maritime Authority and the Netherlands is assisting the inquiry, the Dutch Safety Board has said. The 199-metre (653 ft) Fremantle, which is still burning, is drifting about 17 km from the northernmost Dutch coast, the coastguard said.

Persons: Miranda Murry, Daniel Leussink, Marine Strauss, Anthony Deutsch, Tassilo Hummel, Philippa Fletcher Organizations: coastguard, Panamanian, Fremantle Highway, K Line, Kawasaki, RTL, Panama Maritime Authority, Dutch Safety, Fremantle, Thomson Locations: AMSTERDAM, Tokyo, Dutch, Netherlands, Germany, Egypt, Wadden, Denmark

☆ Fire on car carrier ablaze off Dutch coast now less intense
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, July 28 (Reuters) - The fire which has been burning on a car carrier off the Dutch coast has lessened in intensity and salvagers have been able to board the ship to secure stronger tow lines, authorities said on Friday. Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. The Dutch coastguard said on its website on Thursday that the cause of the fire was unknown, but an emergency responder is heard in a recording released by Dutch broadcaster RTL saying, "The fire started in the battery of an electric car". An investigation has been launched by the Panama Maritime Authority and the Netherlands is assisting the inquiry, the Dutch Safety Board has said. The 199-metre (653-ft) Fremantle is drifting about 17 km from the northernmost Dutch coast, the coastguard said.

Persons: Miranda Murry, Daniel Leussink, Geert De Clercq, Marine Strauss, Anthony Deutsch, Tassilo Hummel, Philippa Fletcher, Leslie Adler Organizations: Panamanian, Fremantle Highway, Fremantle, Ship, Coastguard, REUTERS, K Line, Kawasaki, Dutch coastguard, RTL, Panama Maritime Authority, Dutch Safety, coastguard, Thomson Locations: AMSTERDAM, Coastguard Netherlands, Dutch, Netherlands, Fremantle, Germany, Egypt, Wadden, Denmark

☆ 'Oppenheimer' doesn't get Einstein's relationship with the Los Alamos director quite right. Here's what they really thought of each other.
▼ + stars: | 2023-07-28 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

In reality, Einstein and J. Robert Oppenheimer knew each other but weren't friends until much later. The movie focuses on J. Robert Oppenheimer, who led the assembly and testing of the first-ever atomic bomb at Los Alamos in New Mexico. Einstein and Oppenheimer disagreed on a key issue: the governmentOppenheimer (right) standing with General Leslie Groves of the US army. Out of fear the Nazis would develop and use a nuclear weapon, Einstein wrote the letter that convinced President Franklin D. Roosevelt to launch an atom-bomb program. Einstein the outsider, Oppenheimer the disgraced insiderJ. Robert Oppenheimer in 1950.

Persons: Albert Einstein, Christopher Nolan, Oppenheimer, Einstein, J, Robert Oppenheimer, Nolan, Alex Wellerstein, Corbis, who'd, Edward Teller, Wellerstein, Arthur Compton, Leslie Groves, Einstein wasn't, wouldn't, Franklin D, Roosevelt, Lewis Strauss, Strauss Organizations: Service, Manhattan, Princeton, New York Times, Manhattan Project, University of Chicago, Times, Getty, Trinity, National Security Research, United Locations: Wall, Silicon, Los Alamos, New Mexico, Princeton, United States

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

☆ The rise and fall of the Gap: The iconic but beleaguered brand is counting on a new CEO poached from Mattel
▼ + stars: | 2023-07-26 | by ( Bethany Biron | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Gap was once one of America's most beloved apparel retailers, known for its laid-back basics and classic denim. The company announced Mattel executive Richard Dickson will become Gap's new CEO. Here's the story of the company's rise to mall brand darling and eventual fall from grace. For decades, Gap was one of the most beloved retailers in the US and an emblematic part of American fashion and style. Here's a look at Gap's humble beginnings of selling Levis and records, through its meteoric rise across America to its eventual fall.

Persons: Richard Dickson, Dickson Organizations: Mattel, Service, Navy, Old Navy, Banana Republic Locations: Wall, Silicon, Levis, America

Summary Eight of 10 accused convictedSentencing to follow in SeptemberBRUSSELS, July 25 (Reuters) - A Belgian court convicted six men of murder and two others of terrorism charges on Tuesday after the country's largest ever trial involving the 2016 Islamist bombings in Brussels that killed 32 people. The six, of 10 facing charges, were found guilty of murder and attempted murder in a terrorist context for their part in the twin bombings at Brussels airport and third bomb on the city's metro on March 22, 2016. Among those convicted was Salah Abdeslam, the main suspect in the trial over the Paris attacks that killed 130 people. The four are among six accused already convicted in France over the November 2015 Paris attacks. The 12 jury members reached a decision on Monday after two weeks in isolation at the end of a seven-month trial at the former headquarters of NATO specially set up to host the Brussels bombings trial.

Persons: Pierre Bastin, Aline, Pierre, Yves Desaive, Salah Abdeslam, Mohamed Abrini, Swedish Osama Krayem, Oussama Atar, Laurence Massart, Philip Blenkinsop, Marine Strauss, Jonathan Oatis, Bill Berkrot Organizations: Brussels Airport, NATO, Thomson Locations: BRUSSELS, Brussels, Belgian, Swedish, Oussama, Syria, France, Paris, balaclavas

Shein has denied using forced labor and that it was planning to go public in the U.S. this year. U.S. lawmakers are also questioning Shein's data privacy and use of a U.S. duty exemption on low-priced direct shipments to consumers. Shein's $600,000 lobbying outlay, filed on Friday, does not put it "among the biggest spenders," Auble said. By contrast, U.S. retailers Walmart spent $1.62 million and Gap spent $140,000 in the second quarter, lobbying disclosures showed. Since the 2022 third quarter, Shein has paid lobbying firms Hobart Hallaway & Quayle Ventures $500,000; and Akin, Gump Strauss Hauer & Feld $270,000, the firms' filings showed.

Persons: Daniel Auble, Shein, Auble, Akin, Gump Strauss Hauer, Feld, Arriana McLymore, Richard Chang Organizations: YORK, Capitol, Center for Responsive, Securities and Exchange Commission, Reuters, Labor, Walmart, Hobart Hallaway, Quayle, Thomson, & $, & $ Locations: China, Singapore, U.S, New York City

☆ Who was Lewis Strauss, the villain played by Robert Downey Jr. who tried to frame J. Robert Oppenheimer as a communist?
▼ + stars: | 2023-07-24 | by ( Sebastian Cahill | Hannah Getahun | ) www.businessinsider.com time to read: +6 min

Lewis Strauss oversaw J. Robert Oppenheimer as chairman of the Atomic Energy Commission. Strauss used Oppenheimer's communist sympathies to begin stripping his security clearances. However, Strauss was the first to take serious action about Oppenheimer's Communist accusations. The film reenacts another instance when Strauss feels Oppenheimer slighted him — as Oppenheimer and Albert Einstein, played by Tom Conti, speak by a pond after Strauss offers Oppenheimer a prestigious job at the Institute for Advanced Study. Strauss also began a separate security proceeding with the AEC over Oppenheimer's alleged Communist ties, which resulted in his security clearances being suspended.

Persons: Lewis Strauss, J, Robert Oppenheimer, Strauss, Nolan's, Oppenheimer, Robert Downey Jr, J.Robert Oppenheimer, Herbert Hoover, Cillian Murphy, Murphy, Harry Truman, Eisenhower, Jean Tatlock, Florence Pugh, —, Albert Einstein, Tom Conti, Einstein, Edgar Hoover, surveilling Oppenheimer, Oppenheimer's, Hoover, William Liscum Borden, Nolan, David Dastmalchian, Downey, Christopher Nolan, Amadeus, that's, Mozart, Salieri, Emily Blunt, Kitty Organizations: Atomic Energy Commission, Service, US Navy, AEC, —, Manhattan Project, Institute for, FBI, Joint Atomic Energy, Commerce, Democrats, Rotten, The New York Times Locations: Wall, Silicon, West Virginia, Nolan's, Soviet Union, Canada

London Breed sailed to victory as the mayor of San Francisco. Times were good; the pandemic had yet to happen. If homelessness and crime worried San Franciscans, few of them blamed her. Now San Francisco is reeling, its downtown plagued by fentanyl markets and tent camps, its employers straining to repopulate office buildings with a decidedly more remote labor force. More than 70 percent of voters have told pollsters that the city is on the wrong track, and some 66 percent disapprove of the mayor’s job performance.

Persons: London Breed, pollsters, Breed, Ahsha, Daniel Lurie, Levi Strauss Organizations: London, Times, San Francisco, Supervisors, San Locations: San Francisco, Francisco

☆ This man runs YouTube channels that help dogs and cats relax – and he's just sold his 'Petflix' venture to a big music company
▼ + stars: | 2023-07-22 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

A company that creates music to help relax dogs and cats was acquired by an LA-based group. Music For Pets runs RelaxMyDog and ReleaxMyCat and was bought by Create Music Group in June. Believe it or not, millions even tune in to a couple of YouTube channels to play music aimed at relaxing their dogs and cats. Ahmed's YouTube channels, RelaxMyDog and RelaxMyCat, have become hugely popular, with 1.5 million and 800,000 subscribers respectively. The company is now owned by Create Music Group after what Ahmed described as a few competing bids.

Persons: Amman Ahmed, he's, Amman Ahmed Ahmed, Ricardo Henriquez, Ahmed, Henriquez, haven't, Ricardo, Jonathan Strauss Organizations: Create, Music, Technology, YouTube, Spotify Locations: LA, El Salvador, Guatemala, Amman

☆ The science you should understand before seeing 'Oppenheimer'
▼ + stars: | 2023-07-22 | by ( Katie Hawkinson | Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Fission vs. fusionWhile fission and fusion are both key components of nuclear technology, the two processes are very different — and central to the plot of "Oppenheimer." The hydrogen bomb — promoted by Lewis Strauss, a member of the US Atomic Energy Commission — relies on fusion, making it far more powerful than the atomic bomb. Oppenheimer led a group of physicists who advocated for the United States to export radioactive isotopes to researchers abroad. However, Strauss pushed back while serving as chair of the US Atomic Energy Commission, advocating for a US monopoly on the materials. He argued that exporting them would be the equivalent of sharing nuclear information, an act forbidden by the 1946 Atomic Energy Act.

Persons: Christopher Nolan's, Oppenheimer, —, Earnest O, Lawrence, Radiochemists Otto Hahn, Fritz Strassman, Lise Meitner, Lewis Strauss, Strauss Organizations: Manhattan, Service, US Atomic Energy, US Atomic Energy Commission, 1946, Energy Locations: Wall, Silicon, Berlin, United States

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

☆ Christopher Nolan and the ‘Oppenheimer’ cast discuss the atomic bomb and its chilling echoes today: ‘Humanity can only deal with one apocalypse at a time’
▼ + stars: | 2023-07-17 | by ( Thomas Page David Daniel | Thomas Page | David Daniel | ) edition.cnn.com time to read: +8 min

It would have seemed inconceivable then, but the atomic bomb did fade out of mind. And it’s precisely at this moment that Christopher Nolan is asking audiences to look it soberly in the eye. As the name suggests, Nolan has taken on the life of J. Robert Oppenheimer, the scientific genius and conflicted godfather of the atomic bomb. Cillian Murphy as godfather of the atomic bomb J. Robert Oppenheimer in "Oppenheimer." But even if a war involving a nuclear power hadn’t erupted in Europe in 2022, Nolan believes “Oppenheimer” contains crossover anxieties.

Persons: CNN —, Dimitri, Stanley Kubrick’s, Strangelove, Christopher Nolan, ” Nolan, “ Oppenheimer, ”, Nolan, J, Robert Oppenheimer, Cillian Murphy, Oppenheimer, –, Robert Oppenheimer ”, Kai Bird, Martin Sherwin, “, “ We’re, ” Murphy, McCarthy, Kitty, Emily Blunt, Jean Tatlock, Florence Pugh, Chris, Matt Damon, Leslie Groves, Spielberg, Ryan, ’, Chris Nolan, Robert Downey Jr, Lewis Strauss, Damon, it’s, ” Cillian Murphy, Melinda Sue Gordon, Universal Pictures Nolan, Murphy, Universal Pictures Kubrick, There’s, ” Downey, Knight ”, there’s, ” “ Oppenheimer ” Organizations: CNN, Manhattan, U.S . Atomic Energy Commission, Universal Pictures, Los Alamos, Manhattan Project, Trinity Locations: Cambridge, Russia, Ukraine, New Mexico, Europe

☆ How the ultra-rich use trusts to protect the family fortune if their heirs get sued or divorced
▼ + stars: | 2023-07-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Four lawyers to the wealthy told Insider how these spendthrift trusts work. How spendthrift trusts workSpendthrift trusts can be used to defend an heir in virtually any kind of legal dispute. Robert Strauss, partner at Weinstock Manion, does not view spendthrift trusts as a substitute for prenups. Having separate beneficiaries and trustees is just one way to strengthen a spendthrift trust's power. Domestic asset protection trusts set up in a trust-friendly state like Delaware are very secure, he said.

Persons: Laurene Powell Jobs, Phil Knight, Karen Yates, didn't, Jere Doyle, Doyle, Spendthrift, Yates, Robert Strauss, Weinstock Manion, Strauss, Cindy Brittain, Karlin & Peebles Organizations: Apple, Nike, Mellon Wealth Management, Karlin & Locations: California, South Dakota, Delaware

Lawmakers and member countries will now negotiate the final text, aiming for a deal before EU Parliament elections in 2024. REUTERS/Pascal Rossignol"Restoring nature brings numerous benefits to farmers," EU lawmaker Mohammed Chahim said. Lawmakers and scientists have rejected the EPP's claims, accusing the group of using misinformation to court votes ahead of EU Parliament elections next year. "This is a law on behalf of nature, not against any person whatsoever." EU lawmakers voted earlier this week to weaken another law to cut pollution from farms.

Persons: Cesar Luena, Manfred Weber, Remy, Pascal Rossignol, Mohammed Chahim, Luena, Greta Thunberg, Kate Abnett, Marine Strauss, Bart Meijer, Charlotte Van Campenhout, Mark Potter, Devika Syamnath, Ed Osmond Organizations: European, European People's Party, EPP, EU Parliament's, REUTERS, EU, Thomson Locations: BRUSSELS, Europe, Neuville, France, Brussels

☆ Chip supply chain: China is in a leading position but doesn't have a 'chokehold,' law firm says
▼ + stars: | 2023-07-11 | 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 EmailChip supply chain: China is in a leading position but doesn't have a 'chokehold,' law firm saysClete Willems, partner at Akin Gump Strauss Hauer & Feld, says U.S. Treasury Secretary Janet Yellen's China visit was a "success" but doesn't put U.S.-China tech competition on a "different trajectory."

Persons: Clete Willems, Akin Gump Strauss Hauer, Feld, Janet Yellen's, doesn't Organizations: Treasury Locations: China, Janet Yellen's China

☆ Robert Downey Jr.’s Post-Marvel Balancing Act
▼ + stars: | 2023-07-09 | by ( David Marchese | ) www.nytimes.com time to read: +11 min

So from where you’re sitting, do you feel as if you’re able to make sense of the business right now? Robert Downey Jr. in “Oppenheimer.” Melinda Sue Gordon/Universal PicturesIs it right that you’re remaking “Vertigo”? Downey on “Downey’s Dream Cars.” MaxDowney with his son Exton Elias and father, Robert Downey Sr., in “Sr.” (2022). I’m saying that doing the right thing for the right reasons gives you an advantage in spirit. You know, there’s part of me that thinks I should be a writer or an entrepreneur or I could blah, blah, blah.

Persons: Robert Downey Jr, ” Robert Downey Jr, “, Oppenheimer, ”, Christopher Nolan, Nolan —, Downey, Lewis Strauss, J, Robert Oppenheimer, Cillian Murphy, —, Tony Stark, “ Oppenheimer, “ Perry Mason, ” Melinda Sue Gordon, ” Max Downey, Exton Elias, Robert Downey Sr, there’s, Chris Nolan, I’m, I’ve, he’s, Strauss, Oprah, Taylor, we’re, ” Downey, Holly Hunter, Mariana Trench, don’t, you’ve, Marisa Tomei, “ Chaplin ”, Jami Gertz, Andrew McCarthy, Sherlock Holmes, David Marchese, Emma Chamberlain, Walter Mosley Organizations: Marvel, Atomic Energy Commission, Universal, Netflix, Paramount, Everett, Little League, Carolco, Getty, Century Fox, U.S, Marshals, YouTube, Cal Newport Locations: Thunderdome, “, “ Sr, what’s, America

☆ Why Do Couples Tie Cans to Wedding Cars?
▼ + stars: | 2023-07-08 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

Weddings are steeped in tradition, but where did those rituals come from? “Traditions,” a new column, explores the origins of various wedding customs from around the world. “The cans were my idea,” said Ms. Frye, 38, an actress. “I wanted a visual that symbolized the joy of our relationship.”She added that “the car was a chance to honor my dad. The cans spoke to my marriage, Nick’s last name, Andy Warhol and our passion for art.” Mr. Campbell, 36, is the founder of two art consultancy businesses, Narcissus Arts and Campbell Art Advisory.

Persons: Kelly Frye, Nick Campbell, ”, Frye, “, Nick’s, Andy Warhol, Mr, Campbell Organizations: Rothko, Hudson, Narcissus Arts, Campbell Art Locations: Houston, Austin , Texas

The benchmark S&P 500 (.SPX) was solidly higher for most of the afternoon, but stocks sold off toward the end of the session. "The jobs report today I think is consistent with what the Fed would like to see," said Josh Jamner, investment strategy analyst at ClearBridge Investments. Among S&P 500 sectors, defensive groups fell the most, with consumer staples (.SPLRCS) down 1.3%. For the week, the S&P 500 fell about 1.2%, the Dow slid roughly 2% and the Nasdaq dropped 0.9%. The S&P 500 posted 11 new 52-week highs and five new lows; the Nasdaq Composite recorded 45 new highs and 63 new lows.

Persons: Levi Strauss, Quincy Krosby, stoked, Josh Jamner, Brendan McDermid, Russell, Dow, Austan Goolsbee, Alibaba, decliners, Lewis Krauskopf, Sinead Carew, Bansari Mayur Kamdar, Johann M, Caroline Valetkevitch, Shinjini Ganguli, Richard Chang Organizations: Dow, Nasdaq, LPL, Reserve, ClearBridge Investments, Dow Jones, Energy, New York Stock Exchange, REUTERS, Chicago Fed, Rivian Automotive, Ant Group, NYSE, Thomson Locations: U.S, New York City, New York, Bengaluru

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