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☆ She gave birth, twice, in prison. We were there to witness the reunion with her kids.
▼ + stars: | 2022-12-24 | by ( Jamie Roth | Alan Chin | ) www.businessinsider.com time to read: +15 min

As she left prison, still wearing her prison-issue sweatsuit, the photographer Alan Chin raced to catch the reunion at the San Antonio airport. Alan Chin for InsiderWhat made this reunion even more poignant was that Kelly had been let out once before. Alan Chin for InsiderThere is no reliable count of the number of babies born behind bars each year. Alan Chin for InsiderWhen Kelly returned to prison after her year out, Rick tried to stay in close touch. Alan Chin for Insider"It was just us: me and my kids, and him.

House Democrats are scrutinizing why the Internal Revenue Service failed to fully audit Donald Trump's tax returns when he was in the White House, despite an agency policy mandating such a review. Some insight into the lapse came in a report Tuesday from the Joint Committee on Taxation (JCT), a bipartisan congressional panel that examined Trump's tax returns from 2015-20. The JCT report was issued Tuesday, after the House Ways and Means Committee voted to make Trump's 2015-20 tax returns public. Trump was the first president not to make his tax returns public since the 1970s. Neal is pressing for legislation that would require the IRS to publish and audit presidential tax returns.

☆ 'Santa School' taught me how be a year-round professional Santa. Here's how I act with kids so they think I'm the real thing.
▼ + stars: | 2022-12-20 | by ( Hannah Smith | ) www.businessinsider.com time to read: +5 min

Michael Facherty, 71, retired after a career in IT and now plays Santa year-round. He attended "Santa School," where he learned to say "merry Christmas" in several languages. At around the same time, an actress I knew was working at a grotto which needed a Santa. How much I make as a Santa variesI do quite a lot free of charge for charities. If you really don't want a job, you price high and hope they say no.

Meeting Japan-Taiwan Exchange Association Chairman Mitsuo Ohashi in Taipei on Friday, Taiwan President Tsai Ing-wen said she expected greater defence cooperation with Japan. "Japan is making a late start, it is like we are 200 metres behind in a 400-metre sprint," he added. China defence spending overtook Japan's at the turn of the century, and now has a military budget more than four times larger. Japan says it wants ship-launched U.S. Tomahawk cruise missiles made by Raytheon Technologies (RTX.N) to be part of its new deterrent force. To pay for the military build-up, Kishida's ruling bloc earlier on Friday said it will raise tobacco, corporate and disaster-reconstruction income taxes.

WASHINGTON — Democrats are grappling with how to handle a potential re-election bid by newly minted independent Sen. Kyrsten Sinema in 2024, fearing that a three-way battle could split their voters and throw the race to Republicans in Arizona. Asked how the DSCC should handle a possible Sinema 2024 run, Sinema's Arizona colleague, Democratic Sen. Mark Kelly, “I haven’t given that any thought." Schumer said he has granted Sinema’s request to preserve her committee assignments through the Democratic Party, meaning the 51-49 partisan organization of the chamber won’t change. She wouldn’t say if Democrats should back her but said her working relationship with Sinema won’t change. Prior to her party switch, Sinema had stronger relationships with Republican senators than just about any Democrat.

Elon Musk got into a Twitter spat with former NASA astronaut Scott Kelly on Sunday after the billionaire entrepreneur appeared to take another high-profile swipe at the LGBTQ community's use of gender pronouns. "My pronouns are Prosecute/Fauci," Musk, who took control of Twitter in October, wrote, referring to chief White House medical adviser Dr. Anthony Fauci. The retired astronaut, who is also the twin brother of Sen. Mark Kelly, D-Ariz., scolded Musk for his flippant remark. Musk, who in addition to being at the helm of Twitter is also the CEO of SpaceX and Tesla, doubled down in his response Kelly. On Sunday evening, after his spat with Kelly, Musk was met with a mix of boos and applause when he made a surprise appearance during comedian Dave Chappelle’s show in San Francisco.

2 Democrat, told CNN when asked if party leaders should stay out of the race. “I’m just not worried about folks who may not like this approach,” Sinema told CNN on Thursday. On Monday, he wouldn’t say if he believes Democratic leaders should try to knock her off in 2024. Like Sinema, party leaders are now watching Manchin closely as he weighs whether to run in 2024. “I worked very closely with Sen. Sinema – two years now to get stuff done,” Kelly said.

☆ Elon Musk hits back at former NASA astronaut Scott Kelly, who accused the billionaire of mocking the LGBTQ community by misusing gender pronouns
▼ + stars: | 2022-12-12 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Elon Musk and former NASA astronaut Scott Kelly sparred over the use of gender pronouns. Kelly told Musk not to "promote hate" toward the LGBTQ community by mocking gender pronouns. Musk said "forcing" gender pronouns on others was "neither good nor kind to anyone." Scott Kelly, a former NASA astronaut, responded to the tweet, saying: "Elon, please don't mock and promote hate toward already marginalized and at-risk-of-violence members of the #LGBTQ+ community. Six months later, Musk shared a meme that mocked gender pronouns used in social media bios.

My wife and I are fortunate enough to travel around the country in our 21-foot teardrop trailer. While there are many benefits to living like nomads and traveling back and forth across the U.S., we were leery when we began our first cross-country trip. As a same-sex couple, the seismic political and cultural divide that has been rapidly spreading since the 2016 presidential election made us fearful about traveling through ultra-conservative Southern states. The author's teardrop trailer on a lavender farm in Northern California. I have long believed love overcomes hate, and our teardrop trailer travels remind me that there are good people everywhere, even in those places where you least expect them to be.

☆ The US is heading for a 'swamp' recession which could mire the economy in a disappointing and slow recovery
▼ + stars: | 2022-12-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Kelly told Insider the recovery may be considered "tepid" given it will be a "mild improvement in things." David Kelly, chief global strategist for JPMorgan Asset Management, called it a "'swamp' recession" in a note, suggesting the "economy would likely struggle to get out of" what is potentially a mild recession. It's like standing on the edge of a swamp," Kelly told Insider. "The problem this time around is two-fold," Kelly told Insider. In short, Kelly told Insider that a modest recovery from a shallow recession could be viewed as "tepid" as it will be a "mild improvement in things."

Peter Karas / NorthJersey.com / USA Today NetworkIn addition to Cusick's case, he also confessed to four other Long Island slayings, officials said. “Today is one is one the most emotional days we've ever had the Nassau County District Attorney’s Office,” District Attorney Anne Donnelly told reporters in Mineola. He's been dubbed the "Torso Killer" due to the savage manner he maimed some of his victims. Cottingham had also been called the “Times Square Killer" for murders he committed in New York City. “These are the five we could be sure that he committed," Donnelly said.

☆ London Stock Exchange Launches First Fund Under New Market for Carbon Credits
▼ + stars: | 2022-12-05 | by ( Kristin Broughton | ) www.wsj.com time to read: +5 min

The London Stock Exchange Group PLC on Monday launched the first fund under its new market for carbon credits, which aims to provide capital to green projects and transparency in an opaque area of sustainable finance. The new market offers a way for companies and investors to purchase carbon credits to offset emissions and meet net-zero commitments. Companies and shareholders, in return for their investments, can receive carbon credits in lieu of cash dividends. Foresight Sustainable Forestry Co. PLC, a London-based investment firm, is the first company to take part in the new voluntary carbon market, the London Stock Exchange said Monday. London Stock Exchange Group also operates the FTSE 100 and FTSE 250 indexes and provides financial data.

☆ US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report
▼ + stars: | 2022-12-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Dow reversed higher as the Fed is still largely expected to slow its pace of rate hikes. But the hot jobs data could push the Fed to tack on more rate hikes in early 2023, some analysts say. JPMorgan Asset Management chief strategist David Kelly said the jobs report was likely distorted, and there's still plenty of room for the Fed to taper rate hikes and pause in 2023. Principal Asset Management chief strategist Seema Shah said the jobs report could push the Fed to raise rates above 5%. "This report doesn't mean the risks of the Fed raising rates to 6% are back on the table.

☆ A Tiny Slice of Kauai’s North Shore Holds Some of Hawaii’s Most Expensive Real Estate
▼ + stars: | 2022-12-01 | by ( Jessica Flint | Photographs Shelly Simon For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Kauai, Hawaii’s northernmost island, is divided into five sections, including the North Shore. One of the North Shore communities is Hanalei, a small town on the edge of the two-mile, crescent-shaped Hanalei Bay, a world-famous surfing paradise set to the backdrop of green inland mountains. Hanalei’s 96714 ZIP Code has some of the priciest residential real estate in Hawaii, the state with the highest median house listing price in the U.S., according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.) “You could literally have a $50 million house next to a small cottage that’s worth a million dollars.”

☆ Tech kept talent happy doling out stock during the boom. It's screwing investors in the bust.
▼ + stars: | 2022-12-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

As tech stock prices plunge, firms are granting new stocks to staff to keep compensation high. But as stock values tumble in the second half of 2022, investors are looking at the increase in stock-based compensation (SBC) as an issue. And tech companies have been issuing a lot of shares to not only attract new employees but hang on to their existing ones. Peloton granted more than 4 million stock options and 1.7 million RSUs in its fiscal year that ended in June 2021. "The drop in the stock price makes the expense, for lack of a better way to phrase it, a lot more expensive," he added.

☆ Dollar General cuts annual profit view as costs surge
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +2 min

Freight, labor and other supply chain-related costs have jumped for U.S. retailers, while excess inventory levels have also forced them to offer deep discounts to spur demand. While margins have been pressured across the retail industry, Tennessee-based Dollar General said it was also seeing inefficiencies within its own supply chain. Unexpected delays in acquiring additional warehouse space to store inventory resulted in higher-than-expected distribution and transportation costs, according to the company. Dollar General, which in July named insider Jeff Owen its new chief executive, saw its gross margin fall by 27 basis points to 30.5% in the third quarter. Dollar General now expects fiscal 2022 earnings per share to increase about 7% to 8%, compared with its prior outlook of a rise of about 12% to 14%.

That property distinction is incredibly important, says Joe Howe, crypto tax manager at Crypto Tax Girl, a firm that specializes in helping crypto investors. Capital gains tax is a tax on the profit made from selling an asset or investment, including crypto. If you are single and earn $50,000 a year, your capital gains tax rate is 15%. As such, you would owe $150 in capital gains taxes, triggered by your bitcoin sale. Long-term capital gains tax rates apply to profits you earn on a crypto investment held for longer than a year, while short-term capital gains tax rates apply to profits on an investment held for less than a year.

☆ See a new tiny-home community where former inmates can live for free to get back on their feet
▼ + stars: | 2022-11-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +4 min

A New Jersey nonprofit built a tiny-home community for recently released inmates. The nonprofit hopes that the tiny homes will establish a sense of community and better integrate participants back into society. Paul Taggines, Chief Operating Officer of The Kintock Group, showing off one of the tiny homes. Pallet has built tiny homes in 11 different states across the country from California to Massachusetts. While there is no regulated size, typically tiny homes are less than 600 square feet.

☆ The Fed has done long-term damage to the appeal of real estate as a financial asset, says the strategy chief at JPMorgan's asset management arm. He explains how this could also tip the economy closer
▼ + stars: | 2022-11-22 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

The housing market has cooled off in a hurry as mortgage rates hit new highs. The housing market has gone from white-hot to cooling fast, and it's not coming back any time soon. "The first genuine relief on mortgage rates may have to wait for the end of 2023 when the Fed may begin to take back some of its rate hikes," he said. Adding to the complications, the spread between Treasury bond rates and mortgage rates has increased, which creates another tiny barrier to affordability. That means even when sales have slowed further, it's not necessarily going to be easy to find bargains in the housing market.

☆ Zoom CFO Kelly Steckelberg breaks down Q3 earnings, future platform strategy
▼ + stars: | 2022-11-22 | 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 EmailZoom CFO Kelly Steckelberg breaks down Q3 earnings, future platform strategyZoom CFO Kelly Steckelberg joins CNBC's 'Squawk Box' to break down the company's third-quarter earnings report, which sent shares of the video conferencing platform lower ahead of the open on Tuesday.

☆ Zoom cuts annual revenue forecast on slow online business
▼ + stars: | 2022-11-21 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - Zoom Video Communications Inc (ZM.O) on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business. Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company's online business would decline nearly 8% during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time online. Zoom now expects annual revenue to be between $4.37 billion and $4.38 billion, compared with an earlier outlook of $4.39 billion and $4.40 billion. On an adjusted basis, the pandemic winner earned $1.07 per share during the quarter, compared with estimates of 84 cents, according to Refinitiv data.

☆ Zoom shares drop on light forecast as company faces 'heightened deal scrutiny'
▼ + stars: | 2022-11-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Zoom shares slumped more than 7% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here's how the company did:Earnings: $1.07 per share, adjusted, vs. 84 cents per share as expected by analysts, according to Refinitiv. Revenue: $1.10 billion, vs. $1.10 billion as expected by analysts, according to Refinitiv. The company is seeing "heightened deal scrutiny for new business," CEO Eric Yuan said during the earnings call. Zoom lowered revenue guidance, mainly because of the strengthening U.S. dollar.

☆ Elon Musk is 'outside his depth' at Twitter and his 'bullying management culture' won't fix it, early SpaceX investor says
▼ + stars: | 2022-11-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Early SpaceX investor Chris Kelly said Elon Musk's "bullying management culture" won't work at Twitter. Kelly said on Saturday that Musk is "outside his depth" at Twitter and his actions don't "bode well." Since buying Twitter, Musk has laid of half of its workforce and issued an ultimatum to remaining staff. Kelly said he's "mostly an Elon fan," but added he was "surprised" by Musk's recent actions at Twitter. "The massive cutbacks and chainsaw that Elon Musk has taken to the company does not bode well for its future."

☆ Home heating costs are on the rise but government assistance is running short
▼ + stars: | 2022-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +9 min

But temperatures are already dropping and the number of households seeking assistance is already on the rise, according to interviews with more than a half dozen officials involved in programs that provide heating assistance. Kelly said the Salvation Army in Massachusetts has received twice as many applications as it did this time last year for its winter heating assistance program, which is aimed at those whose incomes are too high to qualify for federal assistance. The cost of heating oil has been a particular concern for the Biden administration, said the government official. Heating oil and diesel inventories are at their lowest levels on record for this time of year. The administration is also prepared to tap into the Northeast Home Heating Oil Reserve, which has about 1 million barrels of heating oil, if necessary, the administration officials said.

PORT-AU-PRINCE, Nov 20 (Reuters) - Canada has sanctioned former Haitian President Michel Martelly and two former prime ministers for financing gangs, Canadian authorities said on Sunday, the latest in a series of measures targeting alleged backers of Haitian criminal groups. In September, Haitian gangs created a humanitarian crisis by blocking a fuel terminal for nearly six weeks, halting most economic activity and triggering U.N. discussion of a possible foreign strike force to open the terminal. Canada and the United States have sanctioned political leaders who allegedly finance the gangs, which according to policy makers are backed by Haitian elites. Radio-Canada journalist Louis Blouin wrote on Twitter that the sanctions targeted Martelly, as well as former Haitian Prime Ministers Laurent Lamothe and Jean Henry Ceant. Ceant served as prime minister from 2018 to 2019.

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