DIRS.INFO The most relevant business & tech news

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

Australian computer scientist Craig Wright entered the witness box at the High Court and testified he was the man behind “Satoshi Nakamoto,” the pseudonym that has masked the identity of the creator of bitcoin. The trial started on Monday and is expected to last a month, before a judge rules at a later date. The ruling will affect three pending lawsuits that Wright has filed based on his claim to having the intellectual property rights to bitcoin. Wright appears to have never done so, despite vowing to prove that he's the owner of the fortune. In the London trial, Hough repeatedly sparred with Wright over the authenticity of documents that he said support his claims.

Persons: Craig Wright, “ Satoshi Nakamoto, bitcoin, Wright, he’s, “, Satoshi, Jonathan Hough, ”, “ Wright, Tominaga Nakamoto, Satoshi David, J.P, Morgan, Anthony Grabiner, hadn't, Wright’s, ” Grabiner, David Kleiman, Hough Organizations: High, Alliance Locations: London, Australian, Florida

☆ Australian writer Yang Hengjun given suspended death sentence in Beijing
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +2 min

A Beijing court on Monday handed Australian writer Yang Hengjun a suspended death sentence, five years after he was first detained in China and three years after a closed-door trial on espionage charges. Yang's sentence was confirmed by another human rights lawyer in Beijing who has been following his case. Yang's family was "shocked and devastated by this news, which comes at the extreme end of worst expectations", said a family spokesman in Sydney. Australia had said it was troubled by repeated delays in Yang's case, and had advocated for his well-being, including access to medical treatment "at the highest levels". A Beijing court heard Yang's trial in secret in May 2021 and the case against him has never been publicly disclosed.

Persons: Yang Hengjun, Yang, Feng Chongyi, Penny Wong, Wong, Dr Yang Organizations: Australian Locations: Beijing, China, Australian, New York, Guangzhou, Sydney, Australia, United States

☆ The Fall of the Timepiece Gentleman, the Luxury Watch Dealer Who Ran Afoul of the Feds
▼ + stars: | 2024-02-04 | by ( David Kushner | ) www.businessinsider.com time to read: +29 min

Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.

Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, —, Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes

☆ What’s My D.E.I. Training?My Own Life.
▼ + stars: | 2024-02-04 | by ( Roxane Gay | ) www.nytimes.com time to read: +5 min

Would you tell us how you are prepared to work effectively with colleagues and external stakeholders from backgrounds that are different from your own, and to contribute to our commitment to D.E.I.? I am not comfortable disclosing personal information (such as a non-visible disability, background as an immigrant, queer identity, etc.). I commended their commitment to D.E.I., not least because of the range of expertise and complementary skills it brings together. Do some research about different ways to answer this question, and think through how you can answer them using your own voice and perspective. But if there is something worth preserving in this relationship, tell your friend how her comments make you feel.

Persons: ”, “, you’re, she’s, you’ll

CONCORD, N.H. (AP) — Marilyn Manson, who was sentenced to community service for blowing his nose on a videographer at a 2019 concert in New Hampshire, recently completed his time at an organization that provides meeting space for Alcoholics Anonymous and Al-Anon, according to court paperwork. A certificate of completion was filed by the Assistance League of Los Angeles with a New Hampshire court on Jan. 30. Manson had to file proof of his service by Feb. 4. A no contest plea means Manson did not contest the charge and did not admit guilt. Several women have sued Manson in recent years with allegations of sexual and other abuse.

Persons: — Marilyn Manson, Manson, Brian Warner, Andrew Livernois, ”, Westworld, Evan Rachel Wood, Wood, Illma Gore, Esmé Bianco Organizations: CONCORD, Anonymous, Windsor Club of, Alcoholics Anonymous, Assistance League of Los, Bank of New Hampshire, Stone, “, Associated Press Locations: N.H, New Hampshire, Windsor Club of Glendale, California, Assistance League of Los Angeles, Laconia, Concord, Gilford, Hampshire

☆ My husband went through the Amazon Pivot process. It was crushing to watch him cry over losing his job.
▼ + stars: | 2024-02-03 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

When the performance-management process started, it was a big surprise for me because prior to that, my husband won a prize from Amazon. For about two months, he was working his regular job and then on this extra work. I would accept if this had happened to me because I complain a lot in my job, but he doesn't. My husband was a role model for our child in part because of Amazon. My husband has a lot of shirts with Amazon on them.

Persons: we've, It's, didn't, he'd, We'd, —, Margaret Callahan, it's Organizations: Amazon, Business

☆ In El Salvador, self-styled ‘world’s coolest dictator’ Nayib Bukele heads for re-election amid human rights concerns
▼ + stars: | 2024-02-03 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +15 min

Employees of the Supreme Electoral Tribunal load boxes containing electoral material for the presidential and legislative elections at the Electoral Organization Directorate in San Marcos, El Salvador, on February 2, 2024. He adopted Bitcoin as legal tender in El Salvador in 2021 and invited the tech-bros of the world to surf in the Pacific. Under Bukele, El Salvador’s homicide rate has plummeted. So, while El Salvador no longer faces record murder rates, it now boasts the highest incarceration rate in the world. Camilo Freedman/AFP/Getty ImagesA tale of two victimsJackelyne Zelaya does not see the enduring state of emergency as a problem.

Persons: Jocelyn Zelaya, ”, Jackelyne, ” Jackelyne Zelaya, Marcela, Jocelyn, Mara Salvatrucha, Zelaya, “, isn’t, Nayib, Yuri Cortez, Bukele, El, Camilo Freedman, Jackelyne Zelaya, won’t, Maria, tipster, Marvin Reyes, EFE, Guillermo Villatoro, Villatoro, Salvadorean Sandra Hernandez, Jose Dimas Medrano, Stringer, ‘, ’, Ilhan Omar, Samuel Rodriguez of MOVIR, “ Bukele, Daniel Noboa, Latinobarometro, she’s, Maria ’, ” Maria Organizations: CNN, World Bank, El, Employees, Electoral, Getty, FMLN, Civil, Justice Department, Army, “, Congress, Police, National Police, Security Ministry, Human Rights, Democratic, Barrios, Washington DC Locations: San Salvador, Zelaya, El Salvador, American, San Marcos, AFP, America, Latin America, United States, New York, El Salvador’s, Santa Ana, El Rosario, Honduras, WOLA, Washington, Ecuador, El

☆ A recently extended Denver guaranteed basic-income program gave people up to $1,000 a month. A participant said it allowed him to pay rent and gave him hope to keep providing for his kids
▼ + stars: | 2024-02-02 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

For a year, it allowed him to pay rent, more comfortably pay his bills, and spend time with family. He couldn't afford rent anymore after the program, but he's hopeful the extension will help him again. Basic income programs including those in Austin and Minneapolis showed that most recipients spend their payments on soaring housing costs. For the first year, the project gave participants either $1,000 monthly, $500 monthly with $6,500 upfront, or $50 each month as a control group. Some of his former coworkers found out he was living in his car, and they helped him find a place and pay rent.

Persons: Jarun Laws, —, It's, Laws, Karl W, Smith, Mark Donovan, he's, I'm Organizations: Income, Service, Denver, Bloomberg, Colorado Trust, University of Denver's Center for Housing, Homelessness Research, Safeway, Doordash, BI Locations: Denver, Austin, Minneapolis, Greater Denver

☆ Italy's Junior Culture Minister Quits After Stolen Painting Scandal
▼ + stars: | 2024-02-02 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

ROME (Reuters) - Italian junior culture minister and art critic Vittorio Sgarbi, under investigation over possession of a stolen painting, said on Friday he was quitting because Rome's antitrust body was trying to curb his unofficial duties. Sgarbi, 71, is a long-serving parliamentarian and outspoken TV personality who was close to former primer minister Silvio Berlusconi who died last year. Sgarbi said the antitrust authority, which is investigating him over a possible conflict of interest, had informed him he should not attend an art conference. "According to the antitrust notice, I should not talk about art, I should not deal with art. I should be a junior minister dealing with administrative duties, and limited ones," he said.

Persons: Vittorio Sgarbi, Sgarbi, Silvio Berlusconi, Michelangelo, Gennaro Sangiuliano, Alessandro Parodi, Christina Fincher Organizations: Prosecutors Locations: ROME, Milan, Turin

Under cover of darkness a year ago Friday, someone breached a waist-high fence and slipped into the Central Park Zoo. The break-in happened steps from the shared headquarters of the New York City Parks Department and the Central Park Zoo, in the vicinity of at least one surveillance camera. Since the zoo suspended efforts to re-capture Flaco in February 2023, there has been no public information about the crime. In 2021, another beloved Central Park owl, Barry, was fatally struck by a truck after ingesting a lethal dose of rat poison that may have impaired her flying. He’s also lucky.”Flaco spent his initial months of freedom mostly in Central Park, which is loaded with wildlife, but has lately preferred more urban sections of Manhattan.

Persons: Flaco, hadn't, ”, Jacqueline Emery, “, Max Pulsinelli, Nicole Barrantes, Jerry Vlasak, we’re, Barry, Suzanne Shoemaker, “ He’s, He’s, ” Flaco, David Barrett, Barrett, “ It’s, “ We’re Organizations: Central, Zoo, Fifth, New York City Parks Department, Central Park Zoo, Parks Department, North American Animal Liberation Press Office, Wildlife Conservation Society, Manhattan Locations: York, Maryland, Central Park, Manhattan, North America

☆ The man who shadowed King Charles for a year describes what life for the royal is really like
▼ + stars: | 2024-02-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +8 min

The British journalist shadowed King Charles for the BBC documentary, "Charles III: The Coronation Year." (In the US, it's retitled "The Making of a King: King Charles III and the Modern Monarchy.") Prince Charles, Prince Andrew, and Princess Anne ended their respective marriages, and the royal family's largest residence, Windsor Castle, was severely damaged in a fire. King Charles III and Queen Camilla stand on the Buckingham Palace balcony during the Coronation of King Charles III and Queen Camilla on May 6, 2023. King Charles (Dominic West) and Camilla Parker-Bowles (Olivia Williams) in "The Crown" season six.

Persons: —, King Charles, Hardman, Charles, That's, Charles III, Princess Anne, Queen Camilla's, Annabel Elliott, it's, King Charles III, Hardman didn't, Sarah, Duchess, York, Princess Beatrice, Princess Eugenie, Tim Graham, Queen Elizabeth II, . Prince Charles , Prince Andrew, Queen Elizabeth's, Queen Camilla, Brandon Bell, Prince, Wales, Duke of Rothesay, King Charles III —, Queen, King Charles and Prince William, Chris Jackson, REUTERS Hardman, Charles wouldn't, Dominic West, Camilla Parker, Bowles, Olivia Williams, Netflix Hardman, Camilla, he's, Robert Hardman, Queen Elizabeth, Prince Harry, Meghan, Princess Lilibet, Duke, Duchess of Sussex, Prince William, RICHARD POHLE, Omid Scobie, Duchess of, Scobie, Gyles, Elizabeth, Brandreth, they've Organizations: Service, Netflix, Business, BBC, New, Daily Telegraph, Getty, Getty Images, REUTERS, Royal Archives, Abbey, Scobie, Pegasus Locations: British, London, Swiss, York, Klosters, Windsor, Balmoral, Buckingham, Scotland, St James's, propping, Duchess of Sussex

☆ Sephora hit $10 billion in revenue and workers aren't happy that all they got was a 'stale cookie'
▼ + stars: | 2024-02-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Beauty chain Sephora hit a big sales milestone in 2023, but the workers who helped to make it happen say all they got was a "stale" cookie as thanks. But that didn't keep a subreddit dedicated to Sephora employees from trashing the presents. "They really don't reward us for the work and mental energy it takes to be a Sephora employee," she told BI. "There's just so much more they could do and they chose to send stale cookies." Are you a current or recent Sephora employee?

Persons: — didn't, Sephora, — Organizations: Black Locations: North America

☆ Read Target's 15-minute rule that workers say led to a rash of firings over Stanley cups
▼ + stars: | 2024-01-31 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Read previewTarget's sudden firings of workers over their purchase of Stanley cups has raised the profile of an often-mentioned — but often poorly understood — policy known colloquially as the 15-minute rule. While some Target workers know of the rule, others told Business Insider that they were either completely unaware of it or simply unsure of how to avoid violating it. In general, Target workers say the 15-minute rule is usually communicated verbally, if at all, and only occasionally presented in written form. Target has not responded to multiple requests for comment on the firings and its employee purchase policy. Prior to this January, instances of the company electing the most severe option were comparatively rare, but not unprecedented, Target workers told BI."

Persons: —, Stanley, I've, I'd, HDM Organizations: Service, Business, BI, Guest Service

☆ Jonathan Majors wants judge to keep DA's 'unproven' allegations about his private life permanently sealed
▼ + stars: | 2024-01-31 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Now, he wants a judge to permanently seal secret pre-trial proceedings concerning his private life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRead Majors' arguments for permanently sealing the domestic violence pre-trial record concerning his private life. It's unknown if the judge will decide the matter from the bench at sentencing or in a written decision.

Persons: —, Jonathan Majors, Majors, Rolling Stone, Grace Jabbari, Priya Chaudhry, Michael J, Gaffney, Kang, Chaudhry, they'd, acceding, Michael Perez, Coretta Scott King, Michelle Obama, Perez, comport Organizations: Service, Media, Business, Majors, Manhattan, Marvel, Manhattan District Locations: Jabbari, Manhattan's Chinatown, Manhattan

Donations poured in Wednesday to replace a destroyed statue of Jackie Robinson on what would have been the 105th birthday of the first player to break Major League Baseball’s color barrier. Major League Baseball pledged support. “We have after school education, enrichment and tutoring.”One of the largest donations is a $10,000 pledge from an anonymous former Major League Baseball player who won a World Series. And, we make every effort to educate our kids about the role that Jackie Robinson played in life and civil rights, his life beyond sports. “We can’t imagine, being named League 42 without a Jackie Robinson statue in our park," he said.

Persons: Jackie Robinson, Robinson, Bob Lutz, Lutz, Leslie Rudd, We’re, ” Lutz, “, Joe Sullivan, ” Sullivan, John Parsons, ”, He’s Organizations: Major League Baseball, Wichita , Kansas . Police, McAdams, league, Brooklyn Dodgers, Fire, Little League, MLB, Leslie Rudd Learning Center, Wichita, Kansas City Monarchs, Negro Leagues Locations: Wichita , Kansas

☆ We now have more details on what happened with the Alaska Airlines door plug — and how Boeing plans to address quality issues
▼ + stars: | 2024-01-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Bloomberg has reported new details about what may have caused the Alaska Airlines door plug blowout. AdvertisementNew details have emerged regarding how the door plug on an Alaska Airlines Boeing 737 Max 9 blew off the jet mid-flight earlier this month. The investigation is focused on four bolts that hold the door plug in place. Boeing CEO says door plug installation will have inspections "at every turn"According to Boeing, 129 have been ungrounded as of midday on Wednesday. The agency has halted Boeing's 737 Max production expansion while it addresses quality control lapses.

Persons: Dave Calhoun, —, Max, AeroSystems, Ingrid Barrentine, Justin Sullivan, Calhoun, We've, I've, Max fuselages Organizations: Bloomberg, Alaska Airlines, Boeing, Service, Alaska Airlines Boeing, Max, National Transportation Safety, Seattle Times, New York Times, US National Transportation, Business, NTSB, Federal Aviation Administration, BI, United Airlines, FAA Locations: Alaska, Renton , Washington, Renton, Wichita

☆ Elon Musk reportedly prefers to hire people who've never been laid off
▼ + stars: | 2024-01-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Elon Musk reportedly still has a hand in hiring at X — and he's got some clear preferences. In an anonymous interview with Fortune, a person involved in hiring at X broke down how to get hired at the company. Musk, who handed over the title of CEO to Linda Yaccarino last year, used to be involved in directly interviewing potential hires. He has since taken to reviewing applications and giving yes or no answers to hires, the person said. Musk has laid off his fair share of workers.

Persons: Elon Musk, he's, Fortune, Musk, Linda Yaccarino, who'd, he'd, it's Organizations: SpaceX, Business Locations: Austin , Texas

☆ E. Jean Carroll's lawyer threatens sanctions against Alina Habba after Trump lawyer pushes false conflict-of-interest story
▼ + stars: | 2024-01-30 | by ( Laura Italiano | Jacob Shamsian | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +4 min

"During that relatively brief period more than thirty years ago, I do remember the Paul, Weiss partners with whom I worked and none of them are Your Honor." Advertisement"The underlying defamation case tried last year, and the damages trial completed last week, were both litigations in which there were many clashes between Your Honor and defense counsel," Habba wrote. Roberta Kaplan wrote in her Tuesday letter that she has no memory of ever interacting with the judge while he was at Paul, Weiss. Roberta Kaplan also wrote that she may seek sanctions against Habba for the false accusation. Habba is already a member of a long list of Trump lawyers to be sanctioned for pushing false claims in a courtroom.

Persons: —, Jean Carroll's, Donald Trump's, Paul, Weiss, Carroll, Roberta Kaplan, Alina Habba, Lewis Kaplan, Habba, Trump, Charles Gasparino, Weiss Rifkin, Lew, Hillary Clinton Organizations: Service, Business, US, Trump, Trump defaming, New York, Wharton, Habba Locations: New York, Florida

☆ A complete timeline of Taylor Swift and Travis Kelce's relationship
▼ + stars: | 2024-01-29 | by ( Eve Crosbie | Callie Ahlgrim | ) www.businessinsider.com time to read: +2 min

September 24, 2023: Swift attended the Chiefs game against the Chicago Bears just three days later. Donna Kelce and Taylor Swift on September 24, 2023. Cooper Neill via Getty ImagesSwift sent the internet into meltdown when she accepted to Kelce's invitation. However, according to Swift, the lovebirds were already official by the time she attended her first game on September 24. On that fated day, Swift was photographed wearing Kansas City colors as she watched the game from Kelce's private suite, alongside his mom, Donna Kelce. "They're having fun," the source told the outlet.

Persons: Swift, Donna Kelce, Taylor Swift, Cooper Neill, Kelce —, —, Patrick Mahomes, Mama Kelce, Kelce Organizations: Chiefs, Chicago Bears, Social, Entertainment, TMZ Locations: Kansas

☆ What is catfishing and what can you do if you are catfished?
▼ + stars: | 2024-01-29 | by ( Sen Nguyen | ) edition.cnn.com time to read: +16 min

In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole. A 2019 study found that young LGBTQ+ men in rural America experiencing catfishing on dating apps felt angry and fearful. She also emphasized the need to recognize today’s loneliness epidemic, which “leads people to perhaps be more susceptible to catfishing scams,” she said. Catfishing is not explicitly a crime, but the actions that often accompany catfishing, such as extortion for money, gifts or sexual images are crimes in many places. In the US, romance scams resulting from catfishing have among the highest reported financial losses of internet crimes as a whole.

Persons: CNN —, Nev Schulman, “ Megan ”, Schulman, Evita, scammers, Catfishing, Snapchat, ”, Ngo Minh Hieu, Chong, Hieu, Wang, “, It’s, Fangzhou Wang, ” Wang, Maryna, WeChat Organizations: CNN, Cybersmile Foundation, Federation University, Fraud Intelligence, INTERPOL, Research, US Federal Trade Commission, SMS, University of Texas, Arlington, Getty, Facebook, UNICEF Locations: Alaska, Australia, Singapore, Southeast Asia, France, Germany, India, cryptocurrency, Vietnamese, America, catfishing, China, Cybersecurity, Australian

☆ Opinion: Swatting by Trump’s followers is putting public officials in danger. It has to stop
▼ + stars: | 2024-01-29 | by ( Adam Kinzinger | ) edition.cnn.com time to read: +11 min

“I will tell you that the last thing you want is to see multiple law enforcement officials with guns drawn pointing at my parents and thinking that something happened,” the former South Carolina governor told NBC. It’s been in the headlines recently because of a spate of incidents involving public officials. When prominent public officials are victims of swatting, one can’t always prove a cause-and-effect relationship between inflammatory rhetoric posted online or delivered during a speech and a caller’s reckless false emergency call to 911. We need tougher laws to protect public servants, and some states are increasing penalties for perpetrators of swatting. Swatting increases the likeliness of inadvertent harm to the public by the very people whose job it is to protect us.

Persons: Adam Kinzinger, Kinzinger, Tina ”, Tina ’, Nikki Haley, Haley, swatting, Andrew Finch, Finch, ”, It’s, GOP Florida Sen, Rick Scott, Scott, Anthony Gonzalez, Donald Trump ., Trump, Judge Arthur Engoron, “ TRUMP, Engoron, Jack Smith, Tanya Chutkan, Shenna Bellows, Joe Biden, David, Brennan, I’m, I’d, General Merrick Garland, Katherine Schweit, Nikki Haley’s Organizations: CNN, Republican, House Foreign Affairs, Air National Guard, Adam Kinzinger CNN, Police, Congress, Press, South, NBC, FBI, GOP Florida, swatting, Rep, Anthony Gonzalez of Ohio, Washington Post, New, Trump, Maricopa County Board, Brennan Center for Justice, University of Chicago, Justice Department, The Washington Post, Post Locations: Illinois, Washington, DC, South Carolina, Wichita , Kansas, Anthony Gonzalez of, Ohio, Virginia, toning, New York, Trump, Maine, Arizona, Maricopa, Nevada, The

☆ Steve Cohen and other sports investors set to pump billions into the PGA Tour
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

A US sports consortium is set to pump billions into the PGA Tour, according to a new report. The PGA Tour didn't immediately respond to a request for comment from Business Insider before publication. The major investment comes amid an ongoing rivalry between the PGA Tour and LIV Golf. Families of the 9/11 terrorist attacks criticized the PGA Tour for the merger, classifying the decision as a demonstration of "hypocrisy and greed." "We cannot compete with a foreign government with unlimited money," Jay Monahan, the commissioner of PGA Tour, told The Wall Street Journal regarding the merger.

Persons: Steve Cohen, Cohen, Marc Lasry, LIV Golf, LIV, Phil Mickelson, Jay Monahan Organizations: PGA, Strategic Sports Group, Saudi Public Investment Fund, Bloomberg, Business, New York Mets, Cohen Private Ventures, Milwaukee Bucks, Fenway Sports, PGA Tour Enterprises, LIV Golf, Saudi Arabia's Public Investment Fund, PGA Tour, Wall

☆ Moneyball-Plus: What Happens When Investors Treat Athletes Like Startups
▼ + stars: | 2024-01-28 | by ( Joseph Bien-Kahn | ) www.businessinsider.com time to read: +27 min

What if athletes could sell a percentage of their future earnings to investors, the same way tech entrepreneurs offer a stake in their promising new ideas in return for venture capital? "We look at the game very, very differently than everyone else," Schwimer tells the pitcher. Finlete is launching a fund that allows fans to buy shares in a prospect's future earnings. What if you could sell a share of your future earnings, he asked, for $10,000? Today, he says, more than 80% of the players BLA has invested in are outside the league's top 300 prospects.

Persons: They're, Michael Schwimer, —, Schwimer, BLA, haven't, Fernando Tatis Jr, We've, it's, Daniil, David Liberman, Garrett Broshuis, he'd, He'd, Houdini, Christian Petersen, Erik Kratz, Kratz, Cole Hamels, Hamels, Sean M, Marvin Bush, George W, Bush, Paul DePodesta, bankroll BLA's, Bill Miller, Miller, HBO's, Michael, Jeff Bezos, Bezos, I'd, I'm, Steven Duncker, Goldman Sachs, Elly De La Cruz, Dylan Buell, phenom, Scott Boras, Yermín Mercedes, Francisco Mejía, countersue Mejia, Gervon Dexter, they're, Dexter, Wharton, He's, he'll, isn't, scoffing, he's Organizations: Philadelphia Phillies, Big League, San Diego Padres, Benchmark Capital, Sports, Wharton Sports Business, MLB, University of Virginia, Partners, Phillies, Getty, AAA, Arizona Fall League, Ritz Carlton, Cleveland Browns, Dodgers, Cleveland Indians, Big League Advance, Chicago Bears, University of Florida, Huntsman, NCAA Locations: Maryland, Philadelphia, United States, baseball's, Latin America, America, Dominican Republic, Cleveland, Florida

☆ Workers are paying to get part of their paychecks early. It's 'payday lending on steroids,' one expert says
▼ + stars: | 2024-01-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +12 min

Fotostorm | E+ | Getty ImagesMillions of American workers are paying for early access to their paychecks. So-called "earned wage access" programs, which operate either directly to the consumer or through employers, let workers tap a portion of their wages before payday, often for a fee. Earned wage access has gotten more popularEarned wage access goes by various names: daily pay, instant pay, accrued wage access, same-day pay and on-demand pay, for example. "It's another version of payday loans," Monica Burks, policy counsel at the Center for Responsible Lending, a consumer advocacy group, said of earned wage access. However, a recent study by the U.S. Government Accountability Office found that earned wage access products "generally cost less than typical costs associated with payday loans."

Persons: it's, Marshall Lux, Lux, hasn't, Cherie Chung, EarnIn, MoneyLion, Monica Burks, —, Thad Peterson, There's, EWA, Peterson, Harvard's, we're, Stacy Greiner, Dave, Ben LaRocco, Miranda Margowsky, Margowsky, Atif Siddiqi, Siddiqi, Safwan Shah, Shah, doesn't, Harvard's Chung Organizations: Harvard University, Finance, Harvard Kennedy School, Lux, Harvard, Hilton, Uber, Walmart, Companies, Center for, California Department of Financial Protection, Center for Responsible, U.S, Government, Office, GAO, Datos, Commerce, Economic, Financial Technology Association Locations: Kroger, McDonald's, California, Vermont

Search resuls for: "anonymous"

25 mentions found