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☆ Foreign companies have lost over $100 billion in the process of leaving Russia since it started the war in Ukraine
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foreign companies exiting Russia over its invasion of Ukraine have amassed losses of $107 billion. Despite thousands pledging to leave, only 372 companies have exited Russia since the war started. At that time, foreign companies leaving Russia had lost over $80 billion in the departure process. Thousands of foreign companies pledged to leave Russia after it started the war in Ukraine. Other than writedowns and lost revenue, departing foreign companies have also been paying huge fees to the Russian government.

Persons: —, Vladimir Putin's, Ian Massey Organizations: Service, Reuters, Washington, Moscow . Companies, Kyiv School of Economics, Companies, HSBC, Polymetal International, Kremlin, RBC Daily, Ikea Locations: Russia, Ukraine, writedowns, Moscow

☆ The Baltimore bridge disaster is just the latest knock to global shipping and trade
▼ + stars: | 2024-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Over the past few years, supply chain woes have repeatedly come into the spotlight. Since then, global integrated supply chain systems just seem to keep getting disrupted — be it by the COVID-19 pandemic or Russia's war in Ukraine. The domino effect is due to the "just in time" model that supply chains have been relying on for decades. Here are three key reasons why supply chains just seem to keep screwing up in recent years. Examining ongoing conflicts in the Black Sea and Red Sea respectively shows how geopolitical conflicts affect global supply chains.

Persons: —, they've, Donald Trump, Dali, Francis Scott Key, Project44, Nari Viswanathan, Viswanathan, tailspin, Julie Gerdeman, Trump, Rahul Khanna, Geoff Weiss, Allan Post, Justus Heinrich, Khanna Organizations: Service, Business, Maersk, BI, Shipping, Allianz, Allianz Commercial, Technologies Locations: China, Ukraine, Baltimore, The Port, of Baltimore, Europe, Asia, Iran, Israel, Suez, Good, Africa, Panama, El, Egypt

☆ Is it time for investors to hedge for a market decline? The pros share their views and strategies
▼ + stars: | 2024-03-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Last week, Goldman Sachs told clients they should start hedging for a market decline . Here's how Goldman suggests investors worried about a declining market can hedge their positions. Others also believe that it's time to start hedging — or at least take a more conservative stance. 'Shift into more value names' Top hedge fund manager David Neuhauser says it would depend on where investors are positioned right now. But he isn't a fan of hedging strategies like options, saying "over time you just end up with lower returns."

Persons: Goldman Sachs, Goldman, David Neuhauser, that's, Russell, Neuhauser, Brian Arcese, he's, Arcese, It's, Freddie Lait, Lait Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Livermore Partners, London, Nvidia, Foord Asset Management, CNBC, Latitude Investment Locations: Europe, U.S

☆ Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech
▼ + stars: | 2024-03-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg really, really likes Nvidia CEO Jensen Huang. Advertisement"He's like Taylor Swift, but for tech," Zuckerberg wrote in an Instagram comment reply on Tuesday. The relentless race toward AI domination by companies like Meta has also placed Huang's Nvidia in an enviable position. Representatives for Nvidia declined to comment on Zuckerberg's remarks on Huang when approached by BI.

Persons: —, Mark Zuckerberg, Jensen Huang, Zuckerberg, Huang, Taylor Swift, Huang's, Swift, Huang isn't, Zuckerberg's, Meta Organizations: Service, Business, Nvidia's GPU Technology, Nvidia, Meta, BI

☆ Eva Mendes and Ryan Gosling had a 'non-verbal agreement' about who stays home with the kids. That's probably not going to work for you, experts say.
▼ + stars: | 2024-03-28 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Read previewEva Mendes says she and Ryan Gosling had a "non-verbal agreement" that she would step back from her acting career to stay at home with their children when they decided to have kids. Mendes and Gosling started dating in 2011 after meeting on set while filming "The Place Beyond the Pines." "It was almost just like a non-verbal agreement that it was like, 'Ok, he's going to work and I'm going to work, I'm just going to work here,'" Mendes said. "First of all, it's very likely Eva Mendes and Ryan Gosling reached the agreement based on a fair, egalitarian discussion and decision-making," she said. Every couple is differentHowever, not everyone can afford to be like Mendes and Gosling, and have one partner focus almost entirely on raising kids.

Persons: —, Eva Mendes, Ryan Gosling, " Mendes, Mendes, Gosling, They've, Esmeralda, I'm, Mendes hasn't, doesn't, Mu Zheng, Eva, Ryan, Amie Leadingham, Leadingham, Kenneth Tan, Tan, it's Organizations: Service, Business, Variety, National University of Singapore, Singapore Management University

☆ The marine insurance industry is bracing for huge claims from the Baltimore bridge disaster
▼ + stars: | 2024-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Huge insurance claims are expected after the Dali collided with a major bridge on Tuesday. The claims could be on par with the $1.5 billion from the Costa Concordia disaster, an expert told Insurance Business. AdvertisementThe marine insurance industry is bracing for huge claims from Tuesday's Baltimore bridge disaster. AdvertisementThe marine insurance and reinsurance markets are likely to foot most of the bills, S&P Global reported on Tuesday. The Baltimore bridge itself is insured by insurance giant Chubb, per Insurance Insider.

Persons: Dali, —, Francis Scott Key, John Miklus, Miklus, Costa Concordia's, You've, Cintia Nazima, Chubb, SCOR Organizations: Business, Insurance, Service, American Institute of Marine Underwriters, Costa Concordia, Maryland Transportation Authority, Wall, P Global, Britannia Locations: Costa Concordia, Tuesday's Baltimore, Costa, Italy, Baltimore, Dali's Baltimore, Britannia, London, Suez

☆ The ship that crashed into the Baltimore bridge is a 'monstrous' size, says veteran ship captain. But that's standard now.
▼ + stars: | 2024-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Dali, the 984-foot-long cargo ship that collided with the Baltimore Key Bridge, is considered a standard size. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDali — the cargo ship that collided with the Francis Scott Key Bridge in Baltimore on Tuesday measures 984 feet in length. It sounds massive, but that's just the regular size for such vessels these days, a veteran ship's officer told The Conversation on Tuesday. "That's about standard size these days," Allan Post, who is now the deputy superintendent at Texas A&M University's maritime academy, told the nonprofit media outlet.

Persons: Dali, —, Francis Scott Key, that's, Allan Post Organizations: Baltimore, Service Locations: Baltimore, Texas

☆ Nvidia's partners and more: BofA picks key global stocks along the AI supply chain
▼ + stars: | 2024-03-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But many smaller firms along the global AI supply chain also stand to benefit. It has worked with Google for over a decade, thanks to its ability to produce highly customized server design, BofA noted. With rising AI server applications and GPU supply, it expects the AI server GPU baseboard business to account for 3% to 6% of Wistron's total sales in 2024 and 2025. Hardware tech Hardware tech such as printed circuit boards are the upstream parts of the AI server supply chain. In addition, its partnership with Nvidia in automotive AI should widen its AI opportunities, BofA noted.

Persons: BofA, there's, Microsoft's OpenAI, Unimicron, — CNBC's Michael Bloom Organizations: Big U.S, Nvidia, Microsoft, Global, Google, Semiconductors Locations: Big, Taiwan, Greater China, Asia

☆ 6 people missing in the Baltimore bridge collapse are presumed dead, and the Coast Guard says their next job is to try to recover their bodies
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Six construction workers went missing during the Francis Scott Key Bridge collapse. AdvertisementThe six construction workers who went missing after Baltimore's Francis Scott Key Bridge collapsed are presumed dead, a US Coast Guard official said on Tuesday night. Gilreath told reporters that they were suspending active search-and-rescue efforts on Tuesday at 7:30 p.m., local time. AdvertisementBaltimore's Francis Scott Key Bridge had collapsed on Tuesday morning after it was struck by a Singapore-flagged cargo ship, the Dali. BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse pic.twitter.com/OcOrSjOCRn — BNO News (@BNONews) March 26, 2024The Francis Scott Key Bridge is a key node within Baltimore's transportation network.

Persons: Francis Scott Key, —, Baltimore's Francis Scott Key, we've, Shannon Gilreath, Gilreath, Roland L, Butler Jr, Butler, Kevin Cartwright, Dali, Paul Wiedefeld, James Wallace Organizations: Coast Guard, Service, US Coast Guard, Maryland State Police, Baltimore Fire Department, New York Times, BI, Maryland Transportation Locations: Singapore, Dali, Colombo, Sri Lanka, Baltimore, Maryland

☆ ‘Ninja,’ Twitch’s biggest streamer, diagnosed with skin cancer
▼ + stars: | 2024-03-27 | by ( Mira Cheng | ) edition.cnn.com time to read: +5 min

CNN —American gamer and Twitch superstar Tyler “Ninja” Blevins revealed he was diagnosed with melanoma, a form of skin cancer. Skin cancer is the most common form of cancer in the United States; 1 in 5 Americans will develop skin cancer in their lifetime, according to the American Academy of Dermatology. Blevins was diagnosed with melanoma, which is a rare type of skin cancer — only about 1% of skin cancer cases — but accounts for a large majority of skin cancer deaths. However, if people do have suspicious skin spots or any other symptoms concerning for skin cancer, they should talk to their primary care doctor or dermatologist. How to perform a skin self-examAn important part of screening for skin cancer is to document moles and other skin spots and to notice changes, the association says.

Persons: Tyler “, ” Blevins, “ I’m, ”, Blevins, biopsied, “, Jessica Blevins, Dr, Sanjay Gupta Organizations: CNN, PSA, World Health Organization, American Academy of Dermatology, US Centers for Disease Control, American Cancer Society, US Preventive Services, Force, CNN Health Locations: American, United States

☆ Mike Lindell's MyPillow is getting evicted from its Minnesota warehouse after the company failed to cough up over $200,000 in unpaid rent
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The embattled businessman is now facing eviction for one of his warehouses in Minnesota. Lindell's company owes more than $217,000 in rent to its landlord, per the Star Tribune. 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 . AdvertisementMike Lindell's MyPillow is getting evicted from one of its Minnesota warehouses, the Star Tribune, a local Minnesota newspaper, reported on Tuesday.

Persons: Mike Lindell, —, Mike Lindell's MyPillow, MyPillow, Sara Filo, Filo Organizations: Star Tribune, Service Locations: Minnesota

☆ Mark Zuckerberg and Jensen Huang just gave us a Meta-Nvidia crossover we never saw coming
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg seems to be a huge fan of chip giant Nvidia and its CEO, Jensen Huang. AdvertisementMeta and Nvidia CEOs Mark Zuckerberg and Jensen Huang just gave us a Big Tech fashion crossover for the books. AdvertisementA meeting between Zuckerberg and Huang wouldn't be surprising considering Zuckerberg's ambitions to expand aggressively into the AI space. In an earnings call last year, Zuckerberg told investors that AI will be Meta's "biggest investment area in 2024 for engineering and compute resources." Advertisement"We have built up the capacity to do this at a scale that may be larger than any other individual company," Zuckerberg told The Verge.

Persons: Mark Zuckerberg, Jensen Huang, Huang, Zuckerberg, Meta, —, he's, Ambani, Priscilla Chan, Alexander McQueen, Anant Ambani's Richard Mille, Huang wouldn't Organizations: Nvidia, Service, Big Tech, Meta Locations: Jersey, Asia

☆ The CEO of Ryanair says the airline would regularly find missing seat handles and tools under floorboards on Boeing planes
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

O'Leary said the company found leftover tools and missing seat handles in new Boeing planes. AdvertisementThe boss of Europe's largest airline told CNN last week that it would regularly find leftover tools under the floorboards of Boeing planes, as well as missing seat handles. "In 2022 and 2023, we were finding little things like spanners under the floorboards, in some cases, seat handles missing, things like that," O'Leary told CNN on March 20. The Ireland-based low-cost carrier only flies Boeing aircraft and is one of the aircraft manufacturers' biggest customers. Related storiesThis isn't the first time O'Leary has said there's a lack of quality control on Boeing planes.

Persons: Michael O'Leary, O'Leary, —, David Calhoun Organizations: Boeing, Ryanair, Service, CNN, Europe's, Alaska Airlines Locations: Dublin, Ireland, Seattle

☆ Boeing CEO Dave Calhoun could still receive millions of dollars after leaving amid safety concerns
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."

Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, —, He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board

☆ The bridge collapse in Baltimore is a 'developing mass casualty event,' first responders say
▼ + stars: | 2024-03-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Baltimore's Francis Scott Key Bridge collapsed after it was struck by a ship on Tuesday morning. A representative for the Baltimore Fire Department called the situation a "developing mass casualty event." AdvertisementThe collapse of the Francis Scott Key Bridge in Baltimore is a "developing mass casualty event," a representative for the Baltimore Fire Department said on Tuesday morning. I-695 Key Bridge collapse due to ship strike," the Maryland Transportation Authority wrote on X shortly after. Baltimore County Executive Johnny Olszewski, Jr. said in an X post that the authorities "are closely monitoring the ongoing situation at the Key Bridge."

Persons: Baltimore's Francis Scott Key, —, Francis Scott Key, Kevin Cartwright, Cartwright, 9IgvJyi46Y — Hayward, Dali, Matthew, Johnny Olszewski, Jr, Olszewski Organizations: Baltimore Fire Department, Service, Associated Press, Maryland Keybridge, US Coast Guard, USCG, Baltimore Sun, Coast Guard, Matthew West, NBC News, Maryland Transportation Authority, Baltimore, Business Locations: Baltimore, Singapore, Colombo, Sri Lanka, BALTIMORE, Maryland

☆ The Francis Scott Key Bridge in Baltimore has collapsed after being struck by a large ship, videos show
▼ + stars: | 2024-03-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Baltimore's Francis Scott Key Bridge collapsed early on Tuesday morning. Vessel tracking maps as of 2:50 a.m. showed Coast Guard vessels moving toward the Dali, a Singapore-flagged cargo ship. AdvertisementBaltimore's Francis Scott Key Bridge collapsed on Tuesday morning after it was struck by what appeared to be a large cargo ship. A representative for the Baltimore Police Department told ABC News that "at 1:35 a.m., Baltimore City police were notified of a partial bridge collapse, with workers possibly in the water, at the Francis Scott Key Bridge." AdvertisementThe Francis Scott Key Bridge opened in March 1977 as the final link in the Baltimore Beltway, according to the MDTA.

Persons: Baltimore's Francis Scott Key, Dali, —, 9IgvJyi46Y — Hayward, Francis Scott Key, Johnny Olszewski, Jr, Olszewski Organizations: Guard, Service, Maryland Keybridge, Maryland Transportation Authority, Baltimore Police Department, ABC News, Baltimore City, Coast Guard, Baltimore County's, Business Locations: Singapore, BALTIMORE, Maryland, Baltimore

☆ Mark Zuckerberg is writing personal emails to AI researchers at Google's DeepMind to recruit them: report
▼ + stars: | 2024-03-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg is pulling out all the stops to recruit AI talent for Meta. He has been luring AI researchers from Google's DeepMind with personal emails, per The Information. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta CEO Mark Zuckerberg is stepping up his company's efforts to woo and hire AI talent. The Meta chief has been recruiting AI researchers from Google's DeepMind with personally written emails, The Information reported on Monday, citing two individuals who'd seen the messages.

Persons: Mark Zuckerberg, —, who'd, Zuckerberg Organizations: Meta, Service, Business

☆ Russia has finally admitted Western sanctions are hitting its oil exports
▼ + stars: | 2024-03-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's oil industry is facing challenges due to intensified Western sanctions. Secondary sanctions are spooking global banks, some of which are turning away from doing business with Russia. AdvertisementRussia's oil industry may finally be meeting its reckoning as the West intensifies its sanctions regime. "After the decline at the beginning of the year, exports have been rebounding, driven by the increase in oil prices," said Nabiullina, according to an official transcript. International crude oil prices are up over 10% so far this year.

Persons: —, Elvira Nabiullina Organizations: Service, Bank of, Business Locations: Russia, Bank of Russia

☆ Here's where to invest $1 million right now, according to the pros
▼ + stars: | 2024-03-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

If you had a spare $1 million to invest right now, what should you buy? He would allocate roughly 60% into stocks this way: 15% each to U.S. large-cap growth stocks and U.S. large-cap value stocks; 4% to small-caps; and 8% to mid-caps. "We really believe in style diversification and feel that remaining diversified with value and growth stocks remains prudent," Benson said. With a million dollars to invest, it would be "reasonable" for investors to put their money in both small- and mid-cap stocks now, he said. The average amount of money that his clients invest is $1.3 million, and his firm manages over $1.2 billion.

Persons: Aaron Benson, Baird, Benson, Chris Fasciano, Shams Afzal, Afzal, Louis Navellier, they've, Navellier, Li Auto Organizations: U.S . Federal, CNBC Pro, Commonwealth Financial Network, Carnegie Investment, Navellier, Associates, Nvidia, Computer, Micro, Mexico's Vista Energy, Volkswagen, Alamos Locations: U.S, Mexico, India, China

☆ These 5 stocks are beating the S&P 500 — and analysts expect them to rise even further
▼ + stars: | 2024-03-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Markets are still red-hot even after a very good 2023, when the S & P 500 soared around 24%. The S & P 500 is up around 10% year-to-date, and in fact hit new record highs in March . Using FactSet, CNBC Pro screened the S & P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love. We used these criteria: Up more than 10% so far in 2023 — beating the S & P 500. Just five stocks turned up from the S & P 500 screen: Amazon , Delta Airlines , Marathon Oil Corporation , Micron Technology and United Airlines .

Persons: —, Meituan Organizations: FTSE, CNBC Pro, Vanguard FTSE, Delta Airlines, Marathon Oil Corporation, Micron Technology, United Airlines . United Airlines, Analysts, Micron

☆ Mathilde Collin built a $1.7 billion email startup by the time she was 32. She's now stepping back at an inflection point for Front.
▼ + stars: | 2024-03-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

And so last fall, Collin kicked off a search for a new board director, to fill in her knowledge gaps. Now, Collin says she will step down as chief executive of Front after her hunt for a board director took an unexpected turn. She will move into an executive chair role on April 15, when O'Connell takes up the mantle as chief executive, Front tells Business Insider exclusively. Known for her sharp wit and radical candor, Collin started the business out of college in her native France. Advertisement"We're at a scale now where the CEO can't come in and sort of wave the proverbial magic wand and make things happen," said Mohammed Attar, Front's chief product officer.

Persons: Mathilde Collin, Collin, Dan O'Connell, O'Connell, Garry Tan, Paul Buchheit, Jack Altman, Kyle Vogt, Cruise, Jeff Lawson, Mohammed Attar, —, Josh Stein, Stein Organizations: Service, Business, Dialpad, Front Locations: San Francisco neighborhood, France, Dialpad

☆ Elon Musk says he used to vote '100% Dem,' but now thinks the US needs a 'red wave' to save it
▼ + stars: | 2024-03-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says he's done voting for the Democratic Party. Musk has been an outspoken critic of Joe Biden though he hasn't endorsed his rival, Donald Trump. AdvertisementBillionaire Elon Musk says the US is finished unless the GOP prevails in this year's elections. Now, I think we need a red wave or America is toast," Musk wrote in a post on X, formerly Twitter, on Sunday. Musk has been an outspoken critic of President Joe Biden and the Democratic Party.

Persons: Elon Musk, Musk, Joe Biden, hasn't, Donald Trump, —, Billionaire Elon Musk, Biden Organizations: Democratic Party, GOP, Service, Billionaire, Sunday, Business Locations: Southern

☆ Japan bucks private equity slowdown in Asia-Pacific with deal value soaring 183% last year
▼ + stars: | 2024-03-24 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Japan though, was an outlier, with deal value jumping 183% in 2023 from a year earlier, making it the largest private equity market in Asia Pacific for the first time, according to Bain's 2024 Asia-Pacific Private Equity Report released Monday. Overall, deal value in the Asia-Pacific region declined more than 23% to $147 billion from a year earlier. Greater China accounted for 89% of the IPO exit value in Asia Pacific, with a vast majority listing in Shanghai and Shenzhen. Excluding Greater China IPOs, the total Asia-Pacific exit value was $65 billion.

Persons: Bain Organizations: Asia Pacific, Bain & Company, Pacific, Equity, Japan Inc, China IPOs Locations: Japan, Asia, Asia Pacific, Pacific, Greater China, Shanghai, Shenzhen, China

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

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