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☆ How the 9/11 Plea Deal Came Undone
▼ + stars: | 2024-08-04 | by ( Carol Rosenberg | Eric Schmitt | ) www.nytimes.com time to read: 1 min

In the space of three days last week, the Sept. 11 case was rocked by two decisions that stunned victims’ families and jolted a political debate. First, a Pentagon official authorized a plea agreement meant to resolve the case with lifetime sentences. Then, Defense Secretary Lloyd J. Austin III abruptly canceled the deal, reviving the possibility that the man accused of planning the attacks, Khalid Shaikh Mohammed, and two accused accomplices could someday face a death penalty trial. Suddenly, a case that had mostly drifted from public consciousness in 12 years of pretrial proceedings was back in the spotlight and no closer to the trial that some relatives of the nearly 3,000 victims had been aching for at Guantánamo Bay. This account of those fateful three days is based on interviews and conversations with Pentagon officials, Sept. 11 family members and parties to the case.

Persons: Lloyd J, Austin III, Khalid Shaikh Mohammed Organizations: Pentagon Locations: Guantánamo

☆ The Fed's long-awaited rate cuts will open up the job market — but it could take a while
▼ + stars: | 2024-08-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewThe US job market has certainly seen better days. AdvertisementThose rate cuts will help pull the job market out of its slowdown — but likely not before the unemployment rate climbs higher, says Oliver Allen, a senior US economist at Pantheon Macroeconomics. And even then, it could take time for the effects of rate cuts to fully work their way across the job market, said Mark Hamrick, a senior economic analyst at Bankrate. AdvertisementSlowdown in the pipelineUntil rate cuts kick in, Allen thinks the joblessness rate has even more room to climb. AdvertisementForward-looking indicators of job market strength have also been flashing signs of incoming weakness.

Persons: —, Oliver Allen, Allen, …, Mark Hamrick, Hamrick, David Rosenberg Organizations: Service, Business, Pantheon, Challenger, Gray &, Federal, National Federation of Independent Business

☆ Fears grow Fed is too late to cut rates as bets increase for a half-point easing at next meeting
▼ + stars: | 2024-08-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"A 50 basis point Fed cut in September is clearly justified as the labor market is now showing clear signs of softening," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. The firm, which has long been saying the Fed will need to cut aggressively this year, expects another 50 basis point cut in November by a 25 basis point cut move in December. A basis point is 0.01 percentage point. The S & P 500 lost more than 2.5% and Treasury yields plummeted, sending the policy-sensitive 2-year note down more than a quarter percentage point to 3.91%. "It's very possible the Fed alters its inter-meeting communications on the balance of risks to remove all doubt [of] a September rate cut."

Persons: Yung, Yu Ma, David Donabedian, Preston Caldwell, David Rosenberg, Jerome Powell, Jamie Cox Organizations: Federal Reserve, Fed, Labor Statistics, BMO Wealth Management, Wall, Citigroup, CIBC Private Wealth, Morningstar, Rosenberg Research, Harris Financial

☆ Defense Secretary Revokes Plea Deal for Accused Sept. 11 Plotters
▼ + stars: | 2024-08-02 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

Defense Secretary Lloyd J. Austin III on Friday overruled the overseer of the war court at Guantánamo Bay and revoked a plea agreement reached earlier this week with the accused mastermind of the Sept. 11, 2001, attacks and two alleged accomplices. Gen. Susan K. Escallier, signed a pretrial agreement on Wednesday with Mr. Mohammed, Walid bin Attash and Mustafa al-Hawsawi that exchanged guilty pleas for sentences of at most life in prison. In taking away the authority, Mr. Austin assumed direct oversight of the case and canceled the agreement, effectively reinstating it as a death-penalty case. He left Ms. Escallier in the role of oversight of Guantánamo’s other cases. Because of the stakes involved, the “responsibility for such a decision should rest with me,” Mr. Austin said in an order released Friday night by the Pentagon.

Persons: Lloyd J, Austin III, Khalid Shaikh Mohammed, Susan K, Escallier, Mohammed, Walid bin Attash, Mustafa al, Austin, ” Mr Organizations: Pentagon, Defense Department Locations: Guantánamo, New York City, Pennsylvania, Brig

☆ Plea Deal in 9/11 Case Is Announced in War Court
▼ + stars: | 2024-08-01 | by ( Carol Rosenberg | ) www.nytimes.com time to read: 1 min

The man accused of plotting the attacks of Sept. 11, 2001, appeared in court on Thursday, watching silently as the prosecutor who had pursued his capital case since the beginning formally announced that a plea agreement had been reached that would remove the possibility of the death penalty. The prosecutor, Clayton G. Trivett Jr., also gave the court the sealed and signed agreements between the prisoner, Khalid Shaikh Mohammed, and the Pentagon’s overseer of the war court cases. Disclosure of the agreement in the court at Guantánamo Bay is the first step toward a sentencing hearing before a military panel, which could begin next summer. Prosecutors who had negotiated the agreements with Mr. Mohammed and two accomplices, Walid bin Attash and Mustafa al-Hawsawi, disclosed the deal on Wednesday to family members of the nearly 3,000 people who were killed in the attacks.

Persons: Clayton G, Trivett Jr, Khalid Shaikh Mohammed, Mohammed, Walid bin Attash, Mustafa al Organizations: Prosecutors Locations: Guantánamo

☆ ‘20th Hijacker’ Is Denied Transfer From Federal Supermax to French Prison
▼ + stars: | 2024-07-31 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The Justice Department has denied a request by Zacarias Moussaoui, the only prisoner ever convicted in the United States of having ties to the Sept. 11, 2001, attacks, to serve the remainder of his life sentence in his native France. Mr. Moussaoui had made the application from the supermax prison in Colorado, using a process that is routinely available to foreign nationals held as U.S. prisoners. Then on Wednesday afternoon, two relatives of people killed in the attacks said they were notified by the Justice Department that the request was denied. “Our office appreciates your concerns and comments regarding Zacarias Moussaoui,” the email said. “I am notifying you that Mr. Moussaoui’s application to transfer to France was denied by the United States on July 26, 2024.”No explanation was offered for the delay in notification.

Persons: Zacarias Moussaoui, Moussaoui, Zacarias, “, Marco Rubio, Rick Scott, Biden, General Merrick B, Garland Organizations: Justice Department Locations: United States, France, Colorado, Florida

☆ Accused Sept. 11 Plotters Agree to Plead Guilty at Guantánamo Bay
▼ + stars: | 2024-07-31 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The man accused of plotting the attacks of Sept. 11 and two of his accomplices have agreed to plead guilty to conspiracy charges in exchange for a life sentence rather than a death-penalty trial at Guantánamo Bay, Cuba, prosecutors said Wednesday. A senior Pentagon official approved the deal for Khalid Shaikh Mohammed, Walid bin Attash and Mustafa al-Hawsawi, according to Defense Department officials with knowledge of the agreement. The men have been in U.S. custody since 2003. But the case had become mired in more than a decade of pretrial proceedings that focused on the question of whether their torture in secret C.I.A. Word of the deal emerged in a letter from war court prosecutors to family members of victims of the attacks on Sept. 11, 2001.

Persons: Khalid Shaikh Mohammed, Walid bin Attash, Mustafa al, ”, Aaron C Organizations: Pentagon, Defense, “ Locations: Guantánamo Bay, Cuba

☆ Fed should go and cut rates this week, says Rosenberg Research president
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed should go and cut rates this week, says Rosenberg Research presidentDavid Rosenberg, Rosenberg Research president, joins 'Squawk on the Street' to discuss Rosenberg's take on the Federal Reserve's move this week, why the economy is in need of rate cuts sooner than September, and the focus on central bank meetings around the world.

Persons: Rosenberg, David Rosenberg Organizations: Fed, Rosenberg Research, Federal

☆ A notorious market bear who called the 2000 and 2008 crashes warns his favorite valuation measure just hit all-time highs — setting stocks up for a potential 70% drop
▼ + stars: | 2024-07-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But it's hard to argue against the track record of his most preferred valuation measure — total market cap of non-financial stocks to total revenue of those stocks — when it comes to long-term stock-market returns. Unfortunately for investors, the measure just hit an all-time high, topping levels seen in 1929, 2000, 2008, and 2022. Here's the metric:AdvertisementHussman Funds"Last week, our most reliable measure of stock market valuations hit the highest extreme in history," Hussman wrote in a July 20 commentary. AdvertisementWhile Hussman's valuation measure doesn't necessitate near-term losses, there is some evidence that stocks could soon face downside. And as the stock market ground mostly higher, he persisted with his doomsday calls.

Persons: —, John Hussman, Hussman, Jeremy Grantham Organizations: Service, Hussman Investment Trust, Business, Federal Reserve, Rosenberg Locations: recessionary

☆ NY fights to save Trump hush-money sentencing, saying it's a harmless error if evidence he's immune from entered the case
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.

Persons: —, Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan

☆ $1 million hypothetical portfolios: How kids from wealthy families at an elite Swiss school learn about money
▼ + stars: | 2024-07-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Research shows taking a financial education class in high school does pay off. "Let's not leave financial education to TikTok," she said. Let's not leave financial education to TikTok. Yanely Espinal director of educational outreach at Next GenMany studies also show there is a strong connection between financial literacy and financial well-being. In addition, a study by the Brookings Institution in 2018 found that teenage financial literacy is positively correlated with asset accumulation and net worth by age 25.

Persons: dem Rosenberg, dem Rosenberg Bernhard Gademann, It's, Gademann, Tim Ranzetta, Yanely Espinal, Espinal, Let's, Yanely, Christiana Stoddard, Carly Urban Organizations: dem, Finance, Research, Tyton Partners, CNBC, Financial Wellness, National Endowment, Financial Education, Financial, Investor Education Foundation, Brookings Institution Locations: St . Gallen, Switzerland

I’m still waiting to wake up and realize that it was all a dream: the debate, the attempted assassination, President Biden’s Rehoboth reckoning, the quicksilver ascent of Vice President Kamala Harris. I have teachers texting and calling me from out of state who have never donated to a political candidate asking how to do it the right way to ensure it gets to the Harris campaign. It feels very “hopey changey.” I tuned in (along with hundreds of thousands of others) to watch Harris speak to the staff at campaign headquarters and walked away inspired. The transition from Biden to Harris has been remarkably seamless and successful. Her initial remarks on Monday were strong, powerful and clearly her own words, not things cribbed from the previous campaign.

Persons: Frank Bruni, Mallory McMorrow, Simon Rosenberg, ”, I’m, Biden’s Rehoboth, Kamala Harris, Donald Trump, God, Harris, Biden Organizations: Democratic Locations: Michigan

Discover it® Cash Back OverviewIf you prefer earning cash back without paying an annual fee, the Discover it® Cash Back is one of the best cash back credit cards out there. Discover it® Cash Back Benefits and FeaturesThe Discover it Cash Back is a fairly straightforward card. Like the Discover it® Cash Back, it has no annual fee and Discover will match your cash back earned after your first account year. Like the Discover it® Cash Back, the Citi Custom Cash℠ Card has no annual fee. Discover it® Cash Back Frequently Asked QuestionsWhat credit score do I need to be approved for the Discover it® Cash Back?

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Types of savings accountsRegular savings accountsRegular savings accounts are the type of savings account you could expect to open at a brick-and-mortar bank. High-yield savings accountsWhen compared to regular savings accounts, high-yield savings accounts pay significantly higher rates. Money market accounts and savings accounts differ in two main ways: Money market accounts frequently come with debit cards, ATM cards, and checks, while savings accounts generally have a lower opening deposit requirement. A high annual percentage yield is especially important if you are looking for a high-yield savings account, rather than a regular savings account at an in-person bank. How to open a savings account: FAQsHow long does it take to open a savings account?

Persons: We've, you'll, it's, Banks Organizations: Mobile, Western Alliance Bank, Yield, Federal Reserve Locations: They're

☆ This week's 'manic market' action looks a lot like the dot-com bust in 2000, economist David Rosenberg says
▼ + stars: | 2024-07-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The past week's tumultuous stock market action harkened back to the dark days of 2000 as the dot-com bubble was bursting, according to economist and strategist David Rosenberg. With tech leaders sagging and investors heading for cover, the widely followed market bear sees similarities between two eras that showed overheated investor sentiment and an overvalued market. "The massive daily swings reflect a manic market becoming unglued," the head of Rosenberg Research wrote in his daily market note Friday. "The action is highly reminiscent of what happened in the immediate aftermath of the Nasdaq rolling off the bubble highs in March 2000." Alfred E. Neuman feeling when I look at the action in the equity market and the reasons for this relentless exuberance," Rosenberg said.

Persons: David Rosenberg, Alfred E, Neuman, Rosenberg, Russell Organizations: Rosenberg Research, Nasdaq, Tech, Nvidia, Microsoft, Dow Jones, American, of, Investors, Investors Intelligence

☆ Psychologist Who Waterboarded C.I.A. Prisoners Defends Method’s Use in 9/11 Case
▼ + stars: | 2024-07-20 | by ( Carol Rosenberg | ) www.nytimes.com time to read: 1 min

waterboarded the man accused of plotting the Sept. 11 attacks, the agency offered explanations of how he withstood the technique 183 times at a secret overseas prison. The prisoner, Khalid Shaikh Mohammed, was strapped to a gurney with his head tilted down and a cloth covering his face. Somehow, the theory went, he realized that his captors would pour water on the cloth for at most 40 seconds at a time. So he used his fingers to count until he could breathe again as he experienced the sensation of drowning. This week, at a hearing in the case, Mr. Mohammed’s lawyer, Gary D. Sowards, offered an alternative explanation while questioning a psychologist who administered the waterboarding.

Persons: Khalid Shaikh Mohammed, gurney, Mohammed’s, Gary D

American Express Blue Business Cash Card OverviewThe Amex Blue Business Cash Card earns 2% cash back on all eligible purchases, on the first $50,000 spent per calendar year (then 1% back). Compare the Amex Blue Business Cash CardBlue Business Cash vs. the Blue Business Plus CardThe Blue Business® Plus Credit Card from American Express is very similar to the Amex Blue Business Cash Card, except instead of earning 2% cash back on the first $50,000 spent each year (then 1%), it earns 2x points on the first $50,000 in purchases each year (then 1 point per dollar). Ink Business UnlimitedIf you want to stick to a business credit card that earns cash back, a good alternative to the Amex Blue Business Cash Card is the Ink Business Unlimited® Credit Card. Chase Ink Business Unlimited ReviewAmerican Express Blue Business Cash Card Frequently Asked QuestionsWhat credit score do you need for the Amex Blue Business Cash Card? Why You Should Trust Us: How We Reviewed the American Express Blue Business Cash CardThe credit card experts at Personal Finance Insider evaluated the Amex Blue Business Cash Card in comparison to other American Express business cards and competing no-annual-fee business cards.

Persons: you'll, APRs, Cash, you've, it's, It's, doesn't Organizations: American Express, Cash, Card, Amex, American, Chase, Express, Finance

☆ Trump ally Allen Weisselberg released from jail
▼ + stars: | 2024-07-19 | by ( Adam Reiss | Megan Lebowitz | ) www.cnbc.com time to read: 1 min

Former Trump Organization Finance Chief Allen Weisselberg appears for a hearing in Manhattan Criminal Court on March 04, 2024 in New York City. Trump ally Allen Weisselberg was released early from Rikers Island on Friday after being convicted of lying under oath during the civil fraud trial of the Trump Organization. Weisselberg, the former chief financial officer of the Trump Organization, was sentenced in April to five months behind bars after he pleaded guilty to two counts of perjury. Weisselberg had previously served time at Rikers Island in 2023 for charges related to a tax fraud scheme. He was sentenced to five months in jail but was eligible for release after 100 days with time off for good behavior.

Persons: Allen Weisselberg, Seth Rosenberg, Weisselberg Organizations: Trump Organization Finance, Trump, Trump Organization, Weisselberg Locations: Manhattan, New York City, Rikers

If you have an Amex Platinum or Centurion card, you can access Amex Centurion lounges. For many frequent travelers, the single best card perk is access to airport lounges — particularly, access to Amex Centurion lounges. Atlanta Hartsfield-Jackson International Airport (Concourse E)Charlotte Douglas International Airport (between Concourse D and E)Dallas/Fort Worth International Airport (Terminal D)Denver International Airport (Concourse C)Intercontinental Houston Airport (Terminal D)Las Vegas McCarran International Airport (Concourse D)Los Angeles International Airport (Tom Bradley International Terminal)Miami International Airport (Concourse D)John F. Kennedy International Airport (New York)Newark Liberty International Airport (Terminal A) — slated for 2026New York LaGuardia Airport (Terminal B, pre-security)Philadelphia International Airport (Terminal A)Phoenix Sky Harbor International Airport (Terminal 4)San Francisco International Airport (Terminal 3)Seattle-Tacoma International Airport (Concourse B)Washington, DC Ronald Reagan National Airport (Terminal B) — coming soonInternational locations Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Hartford Bradley International Airport (Terminal A)Cincinnati-Northern Kentucky International Airport (Concourse B)John Glenn Columbus International Airport (Concourse B)Fort Lauderdale-Hollywood International Airport (Terminal 3)Greenville-Spartanburg International Airport (Concourse B)Minneapolis-Saint Paul International Airport (Terminal 1)Oakland International Airport (Terminal 1)Palm Beach International Airport (Concourse B)Phoenix Sky Harbor International Airport (Terminals 3 and 4)Rhode Island T.F. You can only get into a Centurion Lounge if you have an Amex Platinum or an Amex Centurion credit card.

Persons: cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Cardholders, Charlotte Douglas, Tom Bradley, John F, Ronald, –, Mariano, John Glenn Columbus Organizations: Delta Reserve, Read, American Express, Amex, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Delta SkyMiles ®, Delta SkyMiles, Chevron, Atlanta Hartsfield, Jackson International, Charlotte Douglas International Airport, Fort Worth International, Denver International, Intercontinental Houston Airport, Las Vegas McCarran International Airport, Los Angeles International Airport, Tom, International Airport, Kennedy International, Newark Liberty International, New York LaGuardia, Philadelphia International, Sky Harbor International, San Francisco International, Tacoma International, Ronald Reagan National Airport, Hong Kong International, London, Stockholm Arlanda, Shivaji International, Delhi Indira Gandhi International, Melbourne, International, Monterrey, Sydney, Centurion Studios, Hartford Bradley International Airport, Northern Kentucky International, John Glenn Columbus International, Hollywood International, Spartanburg International, Saint Paul International Airport, Oakland International, Rhode, Green, Tahoe, Sacramento International, Centurion, SkyMiles Locations: —, London, Hong Kong, Fort Lauderdale, Oakland, Sacramento, Hulu, Delta, Dallas, New York, Seattle, Washington, Stockholm, Mumbai, Shivaji, Delhi, Buenos Aires, Mexico, Cincinnati, Greenville, Spartanburg, Minneapolis, Reno, U.S

How business credit scores differ from personal credit scoresWhile business and personal credit scores share some similarities, such as their impact on your borrowing power, they don't perfectly align. Business credit scores are based on underlying business credit reports that track loans, credit lines, business credit cards, and other business borrowing activity to help lenders and business partners understand how risky the underlying business is when it comes to credit. Just like there are three credit bureaus that track consumer credit scores, there are multiple companies that track business credit scores. Free business credit scoresNav: Nav offers free business credit scores and business credit reports with a paid subscription available that includes additional reports. Keeping business credit card and line of credit balances low is good for your business credit.

Persons: Dun, Bradstreet, Experian, FICO, & Bradstreet, Dun & Bradstreet Organizations: Small Business Administration, SBA, &, Chevron Locations: Dun, Experian, Chevron, Equifax

Unlike credit cards, charge cards typically don't have a preset spending limit, providing greater flexibility in spending. Impact on Credit ScoresWhen it comes to building credit with charge cards versus credit cards, both cards can influence your credit score, but the way they're reported to the credit bureaus differs, especially in terms of credit utilization. How does using a credit card affect my credit score compared to a charge card? Approval for a charge card generally requires a good to excellent credit score, similar to many credit cards. Yes, many charge cards offer credit card rewards programs, including travel benefits and points on purchases, which can be comparable to or even exceed those offered by credit cards.

☆ A famed economist who called the 2008 recession shares 5 signs the US is on the brink of a downturn — all while the stock market shows concerning weakness beneath the surface of record highs
▼ + stars: | 2024-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro

☆ When to expect the first rate cut
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhen to expect the first rate cutDavid Rosenberg, founder and president of Rosenberg Research, joins 'Money Movers' to discuss his predictions on when the Fed's next rate cut will occur.

Persons: David Rosenberg Organizations: Rosenberg Research

☆ Developments in Gaza ceasefire talks raise hopes but challenges persist. Here’s what to know
▼ + stars: | 2024-07-08 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

Last week, a US official told CNN that a framework agreement is “in place” and talks resumed Friday in Doha. Hatem Khaled/ReutersOn Thursday, a senior US administration told CNN that the framework for a deal is “now in place,” following a call between Biden and Netanyahu. Hamas has long demanded that Israel agree to a permanent ceasefire before signing any deal, which Israel has so far refused. Netanyahu also said there will be “no return of thousands of armed terrorists to the northern Gaza Strip,” the statement said. “If the Americans are still optimistic (after Netanyahu’s Sunday statement), then they are really living in La La land,” Baskin told CNN.

Persons: ”, ” Israel, Israel, ” Gershon Baskin, Baskin, Joe Biden, “, who’ve, Khan Younis, Hatem Khaled, Biden, Netanyahu, –, Donald Trump, Yair Lapid, ” Lapid, Benjamin Netanyahu's, Ilan Rosenberg, Reuters Baskin, ” Baskin Organizations: CNN, Hamas, Reuters, Sunday, Trump, “ Locations: Israel, Palestinian, Gaza, Doha, Cairo, ”, Egypt, Israeli, Rafah, Jerusalem, La La

☆ Summer is a money pit for parents
▼ + stars: | 2024-07-06 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +10 min

The 34-year-old mom of four said most of these summer camps were already paid up front earlier this year. AdvertisementMeanwhile, 23% of parents, among those who reported they'd be paying for summer programs, expected to pay over $1,000 a month per child during the summer. Broadly, 61% of parents with kids under 18 years old said it "feels even more expensive to raise kids in the summer months." Bowling, who lives in LA, sends her children to a Jewish summer camp, which has long been held as an important cultural touchstone in the American Jewish community. "At the Y, we really want to make sure summer camp is accessible for all."

Persons: Paige Connell, Connell, Courtney Alev, Tom Rosenberg, Rosenberg, Alex Mnatsakanov, it's, Mnatsakanov, they'd, they're, Alev, It's, Dana Bowling, Bowling, Lisa Garcia, Garcia, doesn't Organizations: Service, Business, American Camp Association, Camp, Intuit, American Jewish, YMCA Locations: LA, American, Greater New York, she's

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