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☆ Economist Austan Goolsbee named next Chicago Fed president
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: +3 min

Economist Austan Goolsbee will take over as president of the Chicago Federal Reserve early next year as the central bank weighs critical policy moves ahead, according to an announcement Thursday. "Austan is an exceptional choice to be the next president of the Federal Reserve Bank of Chicago. Goolsbee comes to the Chicago Fed at a sensitive time for the central bank. A Chicago Fed release announcing the appointment said the new district president is "a leading empirical economist" whose research spans a wide variety of topics. Goolsbee called the Chicago Fed "one of the crown jewels" of the central bank system.

☆ Kanye West owes millions all over town for unpaid contract work and music samples, lawsuits allege
▼ + stars: | 2022-11-30 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

He tried that earlier with his music and has been hit with copyright lawsuits related to sampling. And what followed was a thicket of lawsuits from people who alleged West failed to properly credit their songs when using samples for the album. Worse still, according to the lawsuit, West and his pals used "Life of the Party" to market the Stem Player. The company squandered months on the work, even relocating its headquarters to better closely work with West. In the end, the lawsuit alleged, West used a rip-off of MyChannel's e-commerce technology to sell his clothing at a concert.

☆ How do real estate investors 'do the numbers?' An investor with 9 properties shares the method — and spreadsheet — that helps him identify a good deal and avoid the bad ones.
▼ + stars: | 2022-11-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +13 min

It's also correlated with risk: Generally, a high cap rate points to a riskier investment, since a high cap rate means a lower property value. A "good cap rate" depends on your market and how much risk you're willing to tolerate. To calculate cap rate, you need to know your NOI, which is your estimated annual rent minus your annual operating expenses. To calculate NOI, you subtract annual operating expenses from annual rent, which is an assumption based on rent prices in the area. He's not the only investor who focuses on cash flow: Mike Zuber, who owns over 100 units in Fresno, California, says that cash flow should be a top priority when evaluating investment properties.

“I needed help and when you take a parent like me that is desperate to get their child help, we put trust into places like Brooklawn,” Janeway said. Shortly after Anthony entered Brooklawn, Janeway said he was being antagonized by staff, which she heard multiple times on the phone. According to the suit, Anthony told her he had been “choked” during a phone call in October 2021 prompting Janeway to immediately drive down to the facility. It is unclear if the matter was reported to the state agency, which denied a public records request. “I trusted a broken system that is supposed to help my son, not hurt my son, and it failed him,” she said.

☆ Disney CEO Iger makes profitable streaming a priority
▼ + stars: | 2022-11-28 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/File PhotoNov 28 (Reuters) - Walt Disney Co (DIS.N) Chief Executive Bob Iger said on Monday one of his top priorities is to make the company's streaming business profitable. Iger is responsible for Disney's all-in embrace of streaming, and the launch of its marquee service, Disney+, but he acknowledged the measurement of success has changed. Disney joins a number of media companies seeking to grow their streaming services without sacrificing its film or television businesses. From a sound stage on Disney's lot, Iger said he returns to the company he led for 15 years with a sense of urgency. He offered no timing on the restructuring of the company's film and television distribution group, Disney Media and Entertainment Distribution.

☆ Disney CEO Bob Iger calls the drive to make streaming profitable a priority
▼ + stars: | 2022-11-28 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

☆ Biden’s Dirty Oil Deal With Venezuela
▼ + stars: | 2022-11-28 | by ( Mary Anastasia O Grady | ) www.wsj.com time to read: +1 min

Ms. O'Grady joined the paper in August 1995 and became a senior editorial page writer in December 1999. She was appointed an editorial board member in November 2005. In 2012 Ms. O’Grady won the Walter Judd Freedom Award from The Fund for American Studies. In 2009 Ms. O'Grady received the Thomas Jefferson Award from The Association of Private Enterprise Education. Ms. O'Grady received a bachelor's degree in English from Assumption College and an M.B.A. in financial management from Pace University.

☆ NFL Thanksgiving Day previews: Bills, Cowboys, Vikings in action
▼ + stars: | 2022-11-23 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +26 min

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J. To see if history repeats itself with a Cowboys win, or if the Giants can pull off the upset, tune in on Thursday at 4:30 p.m. Bill Belichick’s team could be on the cusp of a hot streak and are hitting the Vikings game at just the right time.

☆ Fewer states than ever could pick the next president
▼ + stars: | 2022-11-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

Five states decided the last presidential race by flipping from Trump in 2016 to Joe Biden in 2020 – Arizona, Georgia, Michigan, Pennsylvania and Wisconsin. The Democratic and Republican presidential nominees have each carried 20 states in every election since at least 2008. Democrats did not demonstrate the capacity to threaten any of the GOP’s core 20 states, as Republicans did in Nevada. A race with just Wisconsin, Nevada, Georgia and Arizona as true battlegrounds would begin with Democrats favored in states holding 260 Electoral College votes (including Washington, DC) and Republicans in states with 235. After 2022, the list of genuinely competitive presidential states may be shrinking, but, if anything, that could increase the tension as the nation remains poised on the knife’s edge between two deeply entrenched, but increasingly antithetical, political coalitions.

☆ National Guard activated amid deadly western New York snow storm that has dropped more than 6 feet of snow in region
▼ + stars: | 2022-11-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +3 min

Kathy Hochul announced the activation of the National Guard Saturday to help with clean up in the historic snow storm that battered parts of western New York. About 70 National Guard members were deployed to the badly-impacted southtowns, or the southern portion of Erie County, home to Buffalo, Hochul told NBC News affiliate WGRZ. Hamburg, where the roof of a house collapsed due to the weight of the heavy, wet snow, received over six feet of snow, while southwest Blasdell had over five feet of snow. Buffalo has had about 30 inches of snowfall, according to the National Weather Service. Joshua Bessex / APTwo Erie County men died after suffering “cardiac events" due to shoveling or snow blowing on Friday.

☆ A boy was choked and verbally abused at the same Kentucky youth facility where a 7-year-old was killed, lawsuit says
▼ + stars: | 2022-11-18 | by ( Safia Samee Ali | Safia Samee Ali Is A Reporter For Nbc News Digital | Based In Chicago. | ) www.nbcnews.com time to read: +9 min

The state did not answer questions about where the children who are no longer at the facility were sent. ‘Nonstop’ verbal abuseFor nine months, Janeway said, her son was verbally and emotionally abused and antagonized by staff, and at times she heard it over the phone, according to the lawsuit. That information is protected.” But she said the facility would let Janeway know when the process had been completed. “I trusted a broken system that is supposed to help my son, not hurt my son, and it failed him,” she said. Michael Swensen for NBC News"This lawsuit was filed on behalf of another child victim that was choked and abused at the Brooklawn facility," Paul Croley, a lawyer who filed the suit, said in a written statement.

☆ Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise
▼ + stars: | 2022-11-18 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

Keeping inflation under control is the best way to ensure a strong economy for everyone, Federal Reserve Governor Philip Jefferson said Thursday. "Low inflation is key to achieving a long and sustained expansion — an economy that works for all," the central bank official said during an event in Minneapolis. "Pursuing our dual mandate is the best way for the Federal Reserve to promote widely shared prosperity." Jefferson did not provide any direct comments on where he sees policy heading as the Fed looks to achieve both full employment and stable prices. His comments from following a flurry of speeches from his colleagues, who universally say the Fed will need to raise interest rates more to bring down inflation still running around its highest levels since the early 1980s.

☆ Fed's Jefferson says low inflation key to U.S. prosperity
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

"Low inflation is key to achieving a long and sustained expansion -- an economy that works for all," Fed Governor Philip Jefferson said in remarks prepared for delivery to a research conference on opportunity and inclusive growth at the Minneapolis Fed. Less-advantaged groups, like Blacks and Hispanics, "tend to see the greatest gains later in an expansion, meaning that they benefit the most from sustained periods of growth," Jefferson said. "Monetary policy cannot address the specific reasons that low-income households suffer the most from high inflation," Jefferson told the conference. But, he added, "pursuing our dual mandate is the best way for the Federal Reserve to promote widely shared prosperity," referring to the Fed's two congressionally mandated goals of price stability and full employment. Reporting by Ann Saphir; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks fall as fears of more big Fed rate hikes resurface
▼ + stars: | 2022-11-17 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

The Dow was off about 30 points, or 0.1%, in midday trading following comments from St. Louis Fed President James Bullard about the possibility of much bigger interest rate hikes. Jefferson didn’t comment specifically about how much higher he thinks rates need to go though in order to get inflation in check. In addition, Bullard has a vote on rate hikes at the Fed’s next meeting in December, but he does not have a say on interest rates in 2023. The seven Fed governors and the New York Fed president are always on the FOMC. The St. Louis Fed president doesn’t get a vote again until 2025.

☆ NFL roundup: Vikings prevail in OT thriller vs. Bills
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +9 min

The NFC South-leading Buccaneers (5-5), who entered last in the league with an average of 61 rushing yards per game, exceeded that by 100. Chiefs 27, Jaguars 17Patrick Mahomes threw four touchdown passes to four different receivers as Kansas City captured a win over visiting Jacksonville. Aaron Rodgers threw three touchdown passes to rookie Christian Watson, and the Packers rallied from a 14-point, fourth-quarter deficit to spoil Mike McCarthy's return to Lambeau Field. Jimmy Garoppolo had 240 yards passing and a rushing TD for the 49ers (5-4). After missing a game because of a hamstring issue, 49ers wideout Deebo Samuel had two receptions and 27 yards rushing.

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Allen's fourth quarter touchdown throw to Dawson Knox capped off a 24-20 victory against the Chiefs. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ NFL Week 10 preview: Tom Brady, Tampa Bay Buccaneers face Seattle Seahawks in Germany
▼ + stars: | 2022-11-13 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +5 min

The Tampa Bay Buccaneers (4-5) will face the Seattle Seahawks (6-3) in front of nearly 75,000 spectators at Allianz Arena in Munich. With a start on Sunday, Buccaneers quarterback Tom Brady will become the first quarterback to start a game in three different countries (outside of the US). Allen suffered a right elbow injury during the Bills’ Week 9 loss to the Jets. In an interesting twist, multiple members of the same families will compete against each other in four different Week 10 matchups. Australia: NFL Game Pass, ESPN, 7PlusBrazil: NFL Game Pass, ESPNCanada: CTV, TSN, RDS, NFL Game Pass on DAZNGermany: NFL Game Pass, ProSieben MAXX, DAZNMexico: NFL Game Pass, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL Game Pass, Sky Sports, ITV, Channel 5US: NFL Game Pass, CBS Sports, Fox Sports, ESPN, Amazon Prime

☆ Fact Check-No evidence for new ‘Sharpiegate’ allegations in Pennsylvania midterm elections
▼ + stars: | 2022-11-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

A video being shared is claiming that Sharpie pens would cause ballots to bleed through and that settings on Dominion machines would then be unable to read a person’s vote in Pennsylvania. LISTEN CLOSELY about Election Day voting with the right pen issue and the sharpie gate plan too. According to the Department of State, out of 67 counties in Pennsylvania, 13 use Dominion machines, including Erie, Crawford, Warren, Clarion, Jefferson, Armstrong, Fayette, Bedford, York, Luzerne, Carbon, Pike, and Montgomery. “We are aware of these allegations made in previous elections, and those previous accusations were determined to be unfounded in Pennsylvania.”Moreover, Dominion machines can read Sharpie-marked ballots, the company says. On its website, Dominion Voting Systems says (here “Dominion machines can read hand-marked paper ballots marked with writing instruments approved by election authorities, including Sharpie pens."

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ Couple sentenced in plot to sell U.S. submarine secrets by hiding intel in peanut butter sandwich
▼ + stars: | 2022-11-10 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

In one of them, Diana Toebbe told her husband to flush the letter down a toilet after reading it. Prior to sentencing, Jonathan Toebbe described his battles with stress in taking on additional duties and his own battle with alcohol. The couple was arrested in October 2021 after Jonathan Toebbe placed a card in Jefferson County, West Virginia. Prosecutors had sought three years for Diana Toebbe. An FBI agent posing as a foreign government’s representative made contact with Toebbe, ultimately paying in cryptocurrency for the information Toebbe was offering.

☆ Lucid owners are reporting glitches like bricking and cars driving the wrong way — just as the EV startup gets production under control
▼ + stars: | 2022-11-10 | by ( Alexa St. John | ) www.businessinsider.com time to read: +10 min

Lucid hasn't yet publicly addressed the latest issues, which include reports of cars bricking or driving the wrong way. "It's critical that we maintain our competitive advantages by delivering a unique combination of hardware and software," Rawlinson told investors on a February earnings call. Insider spoke with 19 Lucid owners for this story — all of whom reported some software or hardware problems — as well as seven current former and Lucid software engineers. "If the car sits in the sun for the afternoon, DreamDrive won't read speed-limit signs," an owner in Arizona told Insider. But while Lucid has worked to service individual cars, owners told Insider, it hasn't publicly addressed these issues.

☆ Midterm elections live updates: Pennsylvania races, New Hampshire Senate race too early to call
▼ + stars: | 2022-11-09 | by ( Brandy Zadrozny | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | ) www.nbcnews.com time to read: +109 min

Share this -Link copiedWisconsin Senate and governor's races too early to call It is too early to call the Senate and gubernatorial races in Wisconsin, according to NBC News. Share this -Link copiedNew Hampshire Senate race too early to call The Senate race in New Hampshire is too early to call, according to NBC News. Share this -Link copiedPennsylvania Senate and governor races are too early to call After polls closed at 8 p.m. While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

While Maricopa County election officials initially categorized the problem as a “hiccup,” it took hours before a solution was identified early Tuesday afternoon. According to the poll, 46% of voters said their family’s financial situation is worse than it was two years ago. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said.

By the end of Election Day, approximately 21,000 total interviews will be conducted. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

How the midterm election outcome could impact Biden's agenda Nov. 8, 2022 02:02 Read the full story here. Civil rights groups, including the American Civil Liberties Union and the NAACP, filed a similar complaint Friday against state election officials. The app and portal had been down for part of the morning and the state's election hotline also briefly experienced issues. In Columbus County, election officials allegedly were harassed by an “observer following one-stop workers” and photographing or filming the workers, it said. Share this -Link copiedSunny weather in most battleground states on Election Day It’s a bright and sunny Election Day in many battleground states!

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