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☆ US announces major bust as efforts to crack down on Chinese money launderers working with drug cartels ratchet up
▼ + stars: | 2024-06-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +17 min

A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.

Persons: ”, Anne Milgram, surveil, “, Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, —, Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, “, Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, —, Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo

☆ The Fed confirms that Americans will have to wait longer for interest rate cuts
▼ + stars: | 2024-06-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The nation's central bank is once again leaving interest rates unchanged as it works to lower inflation. On Wednesday, the Federal Open Market Committee announced that it's holding its key interest rate benchmark steady in a range of 5.25% to 5.5%, continuing the pause that first began in September last year. The Summary of Economic Projections, released alongside the FOMC's interest rate decision, penciled in just one rate cut for 2024. "This housing-related inflation is directly driven by high interest rates: reducing rates will reduce the costs of renting, buying, and building housing, lowering Americans' single highest monthly expense," they wrote. "Lowering interest rates will likely also decrease the cost of auto insurance as well, which has risen due to factors completely unrelated to the cost of lending."

Persons: it's, Jerome Powell, We've, Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Brendan Boyle, Sen, Sheldon Whitehouse Organizations: Service, Federal, Market Committee, Business, Fed, European Central Bank Locations: Sens

☆ Trump is dangling a lot of promises for a second term as he seeks support in new spaces
▼ + stars: | 2024-06-11 | by ( Steve Contorno | ) edition.cnn.com time to read: +9 min

CNN —Former President Donald Trump lately has dangled some very specific promises to his audiences. But Trump’s campaign has prioritized flipping Nevada and the Democratic Party’s historical advantage in Latino communities, and polling suggests they have made progress on both fronts. Trump’s campaign confirmed the former president intends to seek a legislative change. “President Trump will ask Congress to eliminate taxes on tips,” spokesperson Karoline Leavitt told CNN. Trump has published an entire website to host many of his proposals for a second term.

Persons: Donald Trump, Trump, Joe Biden’s, ” Trump, hasn’t, Ron Wyden, Sheldon Whitehouse, Trump’s, “, ”, Karoline Leavitt, “ Joe Biden, Biden, Chase Oliver, Ross Ulbricht, Ulbricht, Ross, Joe Biden, ” Oliver, Harris, ” Biden, Quentin Fulks, headwinds, Shawn Fain Organizations: CNN, Las, Libertarian, Trump, Republican, Biden, Democratic, National Rifle Association, Senate Democrats, Washington Post, Oregon Democrat, Rhode, Culinary Workers Union Local, Garden State, US Department of Justice, Black Voters, Black, United Auto Workers, Fox Locations: Las Vegas, Michigan, In Nevada, Nevada, U.S, Oregon, Rhode Island, Wildwood , New Jersey, Garden, battlegrounds, Detroit

☆ McConnell suggests 'discipline' for Dem senators pressuring Supreme Court over Alito flags
▼ + stars: | 2024-06-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Senate Minority Leader Mitch McConnell, R-Ky., suggested Wednesday that the Supreme Court should punish at least two Democratic senators over their calls for Justice Samuel Alito to recuse himself from key cases related to former President Donald Trump. Richard Blumenthal of Connecticut and Sheldon Whitehouse of Rhode Island are bound by court rules that "provide for discipline against those who engage in conduct unbecoming an officer of the court," McConnell said on the Senate floor. But McConnell singled out Blumenthal and Whitehouse because they are members of the Supreme Court bar. They are therefore "potentially engaged in unethical professional conduct before the court," McConnell said of Blumenthal and Whitehouse, both of whom are members of the Senate Judiciary Committee. The responses from Roberts and Alito confirm that they also viewed the communication as public, Whitehouse added.

Persons: Mitch McConnell, luncheons, Samuel Alito, Donald Trump ., Richard Blumenthal of, Sheldon Whitehouse, McConnell, Alito, Blumenthal, Whitehouse, John Roberts, Leonard Leo, Roberts, Dick Durbin, Clarence Thomas, Wednesday's Organizations: Democratic, Donald Trump . Sens, Richard Blumenthal of Connecticut, Trump, American, CNBC, Wall Street, Capitol, Durbin Locations: Ky, Washington, Rhode, Virginia

☆ Chief Justice John Roberts declines to meet with Democratic lawmakers about ethics flap and Alito’s flags
▼ + stars: | 2024-05-30 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

CNN —Chief Justice John Roberts on Thursday rejected a meeting request from Democratic lawmakers who wanted to discuss two provocative flags hoisted at Justice Samuel Alito’s properties. “Separation of powers concerns and the importance of preserving judicial independence counsel against such appearances,” Roberts wrote in a letter released by the Supreme Court. “My wife is fond of flying flags,” Alito wrote. The Supreme Court is considering two appeals tied to the 2020 election and the attack on the US Capitol. Whitehouse posted on social media that “the work must continue” until the Supreme Court applies “honest fact-finding and neutral decision-making” to itself.

Persons: John Roberts, Samuel Alito’s, ” Roberts, Alito, Martha, Ann Alito, “, ” Alito, Donald Trump, Illinois Sen, Dick Durbin, Sen, Sheldon Whitehouse, Alito’s recusal, Roberts “, Roberts, ”, Jack Smith’s, Whitehouse, ” Whitehouse, they’ve Organizations: CNN, Democratic, Supreme, Capitol, Committee, Rhode, Rhode Island Democrat Locations: New Jersey, Illinois, Rhode Island

☆ Alito tells lawmakers he will not recuse from Supreme Court cases despite flag controversy
▼ + stars: | 2024-05-29 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

“The two incidents you cite do not meet the conditions for recusal,” Alito wrote in a letter distributed by the Supreme Court. Supreme Court justices rarely get into a back-and-forth with lawmakers and many members of the court do not explain their reasons for recusing – or not. Video Ad Feedback See how GOP lawmakers reacted to Judge Alito's flag controversy 01:24 - Source: CNNThe Supreme Court is weighing major cases tied to the 2020 election and the attack on the US Capitol. From Google“I had no involvement in the decision to fly that flag,” Alito wrote. Justice Alito also told Fox News the neighbor used the term “c*nt” at one point during the exchanges.

Persons: Samuel Alito, ” Alito, Alito, recusing, Alito's, Donald Trump’s, Jack Smith’s, “, –, Martha, Ann Alito, Samuel Alito's, Illinois Sen, Dick Durbin, ” Durbin, ”, ” Sen, Sheldon Whitehouse, Clarence Thomas ’, —, Sen, Richard Blumenthal, CNN’s Kaitlan Collins, John Roberts, Thomas, Hank Johnson, Alito’s, ” Johnson, Trump, Justice Alito, “ Alito, SCOTUS, Roe, Wade, CNN’s Piper Hudspeth Blackburn, Kate Sullivan, Jack Forrest, Morgan Rimmer, Tierney Sneed, Holmes Lybrand Organizations: CNN, Supreme, Trump, US Supreme, Google, ’, recusal, Democratic, Illinois Democrat, Rhode Island Democrat, Connecticut Democrat, Georgia Democrat, United States Supreme, New York Times, Fox News, Times, Republicans Locations: Alexandria, Virginia, New Jersey, Long Beach, Illinois, Connecticut, Georgia, House

☆ Supreme Court Justice Alito rejects calls to recuse from Trump, Jan. 6 cases
▼ + stars: | 2024-05-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. Supreme Court Justice Samuel Alito on Wednesday rejected Democratic lawmakers' requests that he recuse himself from key cases related to former President Donald Trump and the Jan. 6, 2021, Capitol riot following reports that flags linked to Trump's supporters were flown at his properties. "I was not aware of any connection between that historic flag and the 'Stop the Steal Movement,' and neither was my wife," Alito wrote. Trump, who is awaiting a verdict in his criminal hush money trial in Manhattan Supreme Court, applauded Alito for declining to remove himself from the case. "Congratulations to United States Supreme Court Justice Samuel Alito for showing the INTELLIGENCE, COURAGE, and 'GUTS' to refuse stepping aside from making a decision on anything January 6th related," Trump wrote in a post on Truth Social .

Persons: Samuel Alito, Donald Trump, Alito, Joe Biden, Rather, Jack Smith, Trump, —, Martha, Ann Alito, Dick Durbin, Durbin, Sen, Sheldon Whitehouse Organizations: Supreme, Wednesday, Democratic, Capitol, New York Times, Times, Alito, United States Supreme Locations: Washington, Virginia, Alexandria , Virginia, Long Beach, , New Jersey, Manhattan

☆ Memorial Day weekend marred by severe weather — and it's not over
▼ + stars: | 2024-05-28 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Memorial Day weekend was marred by severe storms across the US. Scientists blame the heat and say the severe weather will continue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMemorial weekend is the unofficial start of summer, and this year it was marred by a series of severe weather incidents that scientists say could continue as temperatures rise. Severe weather, including thunderstorms and tornados, swept across Texas, Oklahoma, Arkansas, and Kentucky over the holiday weekend, destroying buildings and killing over 20 people, according to the Associated Press.

Persons: — Organizations: Service, tornados, Associated Press, Business Locations: Maryland , Texas, Texas , Oklahoma , Arkansas, Kentucky

☆ Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now
▼ + stars: | 2024-05-23 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Julia Nikhinson | ReutersDischarging student debt in bankruptcy is now easierThe new guidance has already led to changes. In the first 10 months of the Biden administration's more lenient process, student borrowers filed more than 630 bankruptcy cases, a "significant increase" from recent years, it reported last year. Many borrowers are 'not aware' of changesYet Warren says more work still needs to be done. "More than 43 million borrowers in the United States carry a total of $1.6 trillion in student loan debt, and more than 2 million borrowers have been repaying those loans for at least 20 years," Warren and Whitehouse wrote. "DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, I've, Neu, Warren, Whitehouse Organizations: Intelligence, U.S, Capitol, CNBC, DOJ, The, of Justice and Education Department Locations: Washington, Seattle, United States

☆ Republican senators defend Alito over second controversial flag
▼ + stars: | 2024-05-23 | by ( Manu Raju | Morgan Rimmer | ) edition.cnn.com time to read: +5 min

CNN —Top Republican senators are defending Supreme Court Justice Samuel Alito as the conservative justice became embroiled in a second flag controversy, even as some Democrats call for Alito to recuse himself from key matters pending before the high court. “I just think Democrats are determined to harass members of the Supreme Court. So obviously, they don’t like Justice Alito or the decisions he makes,” he told CNN. Several prominent Republican senators criticized Alito over the upside-down flag. “I think the question is how many MAGA battle flags does the Supreme Court justice have to fly until the rest of the court takes it seriously?” he asked.

Persons: Samuel Alito, Alito, Donald Trump, Sen, John Cornyn, “, Sotomayor, Kagan, ”, Clarence Thomas, —, GOP Sen, Chuck Grassley, Sonia Sotomayor, “ I’m, ’, Grassley, Trump, Joe Biden’s, –, Thom Tillis, I’m, you’re, ” Tillis, Ruth Bader Ginsburg, Bill Cassidy, Cassidy, Sheldon Whitehouse, MAGA, Hakeem Jeffries, ” Jeffries, Katherine Clark, Alito’s, ” Clark, CNN’s Haley Talbot, Annie Grayer Organizations: CNN, Top Republican, Capitol, Committee, GOP, “, Supreme, New York Times, Times, Senate, Democratic, Democrat, United States Supreme Locations: New Jersey

☆ Senate Democrats launch investigation into alleged Trump ‘quid pro quo’ with oil executives
▼ + stars: | 2024-05-23 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —Senate Democrats have launched an inquiry into recent reports that Donald Trump offered oil executives the reversal of some of President Joe Biden’s climate policies upon the former president’s reelection in exchange for campaign contributions. The committees are seeking “descriptions of policy proposals discussed” and “materials distributed to any attendees” at the event. “Time and time again, both Mr. Trump and the U.S. oil and gas industry have proved they are willing to sell out Americans to pad their own pockets,” Sens. In his first term, Trump overturned more than 100 environmental rules and actions put in place by the Obama administration. Trump has vowed that if he’s reelected he will reverse those actions and boost fossil fuels, and oil and gas drilling.

Persons: Donald Trump, Joe Biden’s, Trump, Sens, Ron Wyden, Sheldon Whitehouse, Biden, ”, ” Trump, Karoline Leavitt, Obama, he’s, CNN’s Morgan Rimmer, Kate Sullivan, Ella Nilsen, Jeremy Herb Organizations: CNN, Democrats, Senate Finance, ExxonMobile, Chevron, Oregon, Big, The Washington Post, Trump Locations: U.S, Rhode, The, Lago

☆ Justice Samuel Alito blames upside-down American flag on his wife and a flap with neighbors
▼ + stars: | 2024-05-17 | by ( John Fritze | Holmes Lybrand | ) edition.cnn.com time to read: +7 min

Alito said that a neighbor had posted a sign saying “F**k Trump” near a school bus stop and then a sign attacking his wife, Martha-Ann Alito. The upside-down flag was a symbol for former President Donald Trump’s supporters who falsely claimed widespread fraud in the presidential election. A spokeswoman for the Supreme Court has not respond to CNN’s requests for comment. “Flying an upside-down American flag — a symbol of the so-called ‘Stop the Steal’ movement — clearly creates the appearance of bias,” Durbin said in a statement. Renewed calls for ethics reformThe Supreme Court is weighing major cases this term tied to the 2020 election and the attack on the Capitol.

Persons: Samuel Alito, Alito, Martha, Ann Alito, Fox, Donald Trump’s, Tim Walz, “ I’m, Joe Biden’s, “, ”, “ It’s, Trump, Hank Johnson, Clarence Thomas, ” MAGA, Thomas, ” Johnson, ” Sen, Dick Durbin, ” Durbin, Sen, Tom Cotton, Carolina Sen, Lindsey Graham, Jack Smith’s, John Roberts, Sheldon Whitehouse, ” Whitehouse, Roe, Wade, Renee Knake Jefferson, ” Jefferson Organizations: CNN, Fox News, Trump, Democratic, Capitol, Minnesota Gov, New York Times, Times, Gadsden, Georgia Democrat, Committee, Illinois Democrat, Republicans, Arkansas Republican, Republican, Congress, Supreme, Rhode, Rhode Island Democrat, ”, University of Houston Law Center Locations: Minnesota, Alexandria , Virginia, Washington, DC, Georgia, House, Arkansas, ”, Carolina, Rhode Island

☆ Jane Street ordered to share what it sued Millennium to protect: its trade secrets
▼ + stars: | 2024-05-16 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +1 min

Jane Street was ordered to turn over trade secrets to hedge fund Millennium as part of a lawsuit . Jane Street claims Millennium and two former traders stole an "immensely profitable" options trade. Jane Street will seek a protective order to block the trade from being revealed to others. AdvertisementA Manhattan federal judge ruled that proprietary trading giant Jane Street must turn over the details of the super-secretive and profitable trade that it claims were stolen by Izzy Englander's Millennium hedge fund. Manhattan federal judge Paul Engelmayer set a deadline of Thursday, May 23 for Jane Street to hand over details of the trade, which the firm has called "immensely profitable."

Persons: Jane Street, —, Izzy Englander's, Paul Engelmayer Organizations: Service, Business Locations: Manhattan

Associate Supreme Court Justice Clarence Thomas arrives for the swearing-in ceremony of Neil Gorsuch as an Associate Supreme Court Justice in the Rose Garden of the White House, Washington, D.C., April 10, 2017. Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say whether he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome. The letter to Thomas's lawyer, dated Tuesday, raises questions about potential tax violations by the conservative justice, who is the longest-serving member of the Supreme Court. Democrats point to reports that his wife, Ginni Thomas, took part in efforts to overturn the results of the 2020 election. The Supreme Court heard arguments in Trump's immunity appeal on April 25, with Thomas on the bench.

Persons: Clarence Thomas, Neil Gorsuch, Ron Wyden, Sheldon Whitehouse, Thomas, Anthony Welters, Prevost Le, Wyden, Elliot Berke, Whitehouse, Justice Thomas, Welters, Berke, ProPublica, Harlan Crow, Harlan, Donald Trump, Ginni Thomas Organizations: Justice, White House, D.C, New York Times, Finance Committee Locations: Rose, Washington, Welters

☆ King Charles’ first official portrait by Jonathan Yeo unveiled
▼ + stars: | 2024-05-15 | by ( Christy Choi | ) edition.cnn.com time to read: +5 min

CNN —Buckingham Palace revealed the first official portrait of King Charles III since his coronation on Tuesday, and it’s proving to be divisive with its lurid red brushstrokes. The 8.5 by 6.5-foot painting is by British artist Jonathan Yeo, who has painted high-profile subjects throughout his career including former British Prime Minister Tony Blair, actor Nicole Kidman and education activist Malala Yousafzai. Artist Jonathan Yeo's oil on canvas portrait of Britain's King Charles III. It’s what Yeo captures here.”While the celebrated artist works mainly in oils, he has dabbled in another medium: collage. The King is an artist himself, and a collection of his watercolors went on show in London in 2022.

Persons: Buckingham, King Charles III, Jonathan Yeo, Tony Blair, Nicole Kidman, Malala Yousafzai, Yeo, Charles, Prince, Wales, ”, ” Yeo, Jonathan Yeo's, Britain's King Charles III, Wales's, Charles ’, Philip Mould, — Yeo, Camilla, you’ve, “, Richard Morris, George W, Bush, Arnold Schwarzenegger, Sarah Palin, Silvio Berlusconi, Mary Whitehouse Organizations: CNN, British, Welsh Guards, Company, ’, CNN’s Royal Locations: British, “, London

Map: 4.8-Magnitude Earthquake Strikes New JerseyShake intensity The New York TimesA light, 4.8-magnitude earthquake struck in New Jersey on Friday, according to the United States Geological Survey. The quake was felt across the New York City metropolitan area, and from Philadelphia to Boston. Earthquakes Magnitude 4.5+ Others 1983 5.1 CANADA 1982 4.5 Vt. N.H. N.Y. Mass. Today’s earthquake Magnitude 4.8 Conn. Pa. 1964 4.5 1994 4.6 250-mile radius from New York City Md. Today’s earthquake Magnitude 4.8 Conn. R.I. Pa. 1964 4.5 1994 4.6 N.J. Md.

Persons: Lazaro Gamio Organizations: New York Times, United States Geological Survey, New, Maine CANADA, New York City Del Locations: New Jersey, New York City, Philadelphia, Boston, Whitehouse, N.J, N.H, N.Y, Pa, New York City Md, Del, Va, Maine, R.I, Md

☆ An Earthquake Startled the Northeast
▼ + stars: | 2024-04-05 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

A 4.8-magnitude earthquake sent tremors from Philadelphia to Boston this morning, rattling New York City skyscrapers and surprising many East Coasters. The earthquake struck at 10:23 a.m. Eastern, with an epicenter near Whitehouse Station, N.J. — about 40 miles west of New York City — according to the United States Geological Survey. It was the largest quake within 250 miles of Manhattan in more than 30 years, and the third largest since the data began in 1957. New Yorkers are more familiar with much smaller tremors, which usually go unnoticed in a city full of rumbles. The city is also filled with old brick buildings, and officials said they remained concerned about the aftereffects of the quake.

Organizations: United States Geological Survey Locations: Philadelphia, Boston, New York City, Whitehouse, N.J, Manhattan

☆ New York City earthquakes are unusual, but not unheard of
▼ + stars: | 2024-04-05 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

New York City experienced an earthquake with an estimated magnitude of 4.8 on Friday. Eighteen quakes with 2.4-or-greater magnitude have occurred in or around NYC since 1737, records show. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Friday, residents across New York City's five boroughs and the tri-state area experienced a rare earthquake. With an estimated magnitude of 4.8, the quake's epicenter was located in Whitehouse Station, New Jersey, according to the United States Geological Survey (USGS).

Persons: — Organizations: Service, United States Geological Survey Locations: York City, Virginia, New York, Whitehouse, New Jersey, East Coast, Philadelphia, Boston

In this photo illustration, an emergency alert is displayed from the national Emergency Broadcast System warning of an earthquake in the area on April 5, 2024 in New York City. Earthquakes of Friday's magnitude are relatively rare in the northeastern U.S., and the intensity and duration of Friday's quake startled people across the region. The National Tsunami Warning Center said there was no danger of a tsunami on the East Coast after the quake. The USGS said there was a 46% likelihood of another earthquake of magnitude 3.0 or greater in the next week. The Federal Aviation Administration inspected runways at the three major airports in New York City and Newark, New Jersey.

Persons: @NYSE, CNBC's Carl Quintanilla, X Organizations: . Geological Survey, Earthquakes, New York Stock Exchange, State, Tsunami Warning, Federal Aviation Administration, Newark Liberty International, United Airlines Locations: New York City, Allentown , Pennsylvania, Whitehouse, New Jersey, Boston, Baltimore, U.S, New York, Manhattan, East Coast, Newark , New Jersey, Newark, JFK, LaGuardia, Philadelphia

But the rattling shook buildings in New York City and drove startled residents into the streets. Image The command room of New York City Emergency Management. Today’s earthquake Magnitude 4.8 Conn. Pa. 1964 4.5 1994 4.6 250-mile radius from New York City Md. 250-mile radius from New York City Del. While earthquakes in New York City are surprises to most, seismologists say the ground is not as stable as New Yorkers might believe.

Persons: “, Kathy Hochul, ” Gov, Philip D, Murphy, Con Edison, Eric Adams, ”, Adams, Zach Iscol, Dave Sanders, Ron Hamburger, Valorie Brennan, Ada Carrasco, The New York Times “ I’ve, Kristina Feeley, Feeley, Folarin, “ There’s, Kolawole, Lazaro Gamio, Riyad H, Mansour, Janti, Hamburger, Michael Kemper, Clara Dossetter, David Dossetter, Dossetter, ’ ”, Lola Fadulu, Gaya Gupta, Hurubie Meko, Michael Wilson, William J . Broad, Kenneth Chang, Emma Fitzsimmons, Sarah Maslin Nir, Erin Nolan, Mihir Zaveri, Maria Cramer, Grace Ashford, Camille Baker, Liset Cruz, Michael Paulson, Patrick McGeehan, Troy Closson Organizations: ”, United States Geological Survey, Police Department, Fire Department, Con, Gracie Mansion, The New York Times, Whitehouse, New York City Emergency Management, Credit, Lamont, Columbia University, Maine CANADA, New York City Del, Lincoln Center, New York Philharmonic, United Nations, Children U.S, Security, New York Police, United Airlines, Newark Liberty International Airport Locations: Newark, New Jersey, Manhattan, Philadelphia, Boston, New York City, New York, Rockland County, Murphy of New Jersey, Whitehouse, N.J, California, Japan, Zach Iscol , New York, New, Northridge, Los Angeles, Califon, Marble, Ramapo, New York , New Jersey, Pennsylvania, Palisades, N.Y, N.H, Pa, New York City Md, Del, Va, Maine, R.I, Md, Palestinian, Gaza, East Coast, “, York, San Francisco, Gaya

LONDON (AP) — A British newspaper publisher has agreed to pay Prince Harry a “substantial” sum in costs and damages for invading his privacy with phone hacking and other illegal snooping, Harry’s lawyer said Friday. Judge Timothy Fancourt found that Harry’s phone was hacked “to a modest extent.”The settlement avoids a new trial over 115 more tabloid articles that Harry says were the product of hacking or other intrusions. He recently dropped a libel case against the publisher of the Mail after an unfavorable pretrial ruling. He ordered the publisher to pay “common costs” of a general case seeking to show wrongdoing by the company. Mirror Group Newspapers said it has paid more than 100 million pounds ($128 million) in other phone hacking lawsuits over the years, but denied wrongdoing in Harry’s case.

Persons: —, Prince Harry, David Sherborne, Harry, Judge Timothy Fancourt, Princess Diana, Meghan, “, ” Harry, Duke of Sussex, King Charles III, Harry’s, Fancourt, ”, Nikki Sanderson, Fiona Wightman, Paul Whitehouse, Michael Turner, Rupert Murdoch’s, Murdoch Organizations: Newspapers, Mirror Group, Daily, The Sun, Daily Mail, Mail, Group Locations: London, California, United States

☆ Trump criticizes Fed Chair Powell for considering interest rate cuts this year to 'help the Democrats' win elections
▼ + stars: | 2024-02-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

On a Friday morning interview with Fox News, Trump criticized Federal Reserve Chair Jerome Powell's handling of the economy, particularly regarding interest rates. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected." While the committee's Summary of Economic Projections in December penciled in three interest rate cuts for this year, Powell said on Wednesday that it's highly unlikely those cuts will take place at the next meeting in March. The jobs data on Friday will support a decision to delay rate cuts until after March — the US economy beat expectations by adding 353,000 jobs. However, some Democratic lawmakers have been urging Powell to consider cutting interest rates sooner rather than later to give Americans financial relief.

Persons: Donald Trump's, Trump, Jerome Powell's, Powell, reappoint Powell, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Fox News, Federal

Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.

Persons: Phil, Joe Biden’s, Biden, Donald Trump, “, Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic

☆ The White House weighs in on the AI copyright debate for the first time
▼ + stars: | 2024-02-01 | by ( Kali Hays | ) www.businessinsider.com time to read: +15 min

In the three months since the executive order was issued, the White House has made progress on a number of the directives. Something else that has developed since the executive order came out is the debate around copyright and AI. Some that I'm really excited about are AI for science and generative AI, but also more generally AI systems in biology and healthcare. AdvertisementAnd then second, in the executive order, we stand up the AI Safety Institute at the Department of Commerce. Do you or the White House have thoughts on where AI training falls in copyright law?

Persons: Joe Biden's, There's, Ben Buchanan, Buchanan, Biden, there's, I'm, Ben, we've, Biden's, They're, let's, We've, they've, Schumer Organizations: Artificial Intelligence, National Security, White, US, Meta, Microsoft, Google, National Security Council, Management, AI, Department of Commerce, NIST, Defense, of Commerce, Commerce Locations: deepFakes, United States, whitehouse.gov, EU

In a Sunday letter to Fed Chair Powell, shared first with CNN, Warren expressed alarm at how “astronomical” mortgage rates have made a bad situation worse and urged Fed officials to start cutting borrowing costs. “We urge you to consider the effects of your interest rate decisions on the housing market and to reverse the troubling rate hikes that have put affordable housing out of reach for too many,” Warren and fellow Democratic Sens. John Hickenlooper, Jacky Rosen and Sheldon Whitehouse wrote. “Come on, Fed! Turn it around and drop those interest rates,” Warren told CNN’s Kate Bolduan on Monday.

Persons: Sen, Sherrod Brown, Powell, ” Brown, Brown, Elizabeth Warren, Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse, “, CNN’s Kate Bolduan, Read Organizations: Banking, Fed, CNN, Democratic

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