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☆ Meta says it will appeal US judge's ruling in privacy fight with FTC
▼ + stars: | 2023-11-28 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +2 min

A Meta logo is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 19, 2023. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta on Monday for the court to hear the dispute with the Federal Trade Commission (FTC). Meta in a court filing on Tuesday said it would appeal Kelly's decision to the U.S. Court of Appeals for the District of Columbia. The dispute started in May when the FTC proposed changing a settlement reached in 2019 that required Facebook, which became Meta in 2021, to pay $5 billion. The FTC said it would tighten the 2019 settlement to bar Meta from making money off data collected on users under age 18, including in its virtual reality business.

Persons: Eric Gaillard, Timothy Kelly, Diane Bartz, Mark Porter, Richard Chang Organizations: Cannes Lions International, Creativity, REUTERS, WASHINGTON, Facebook, U.S, District of Columbia, Meta, Federal Trade Commission, U.S ., Appeals, FTC, Thomson Locations: Cannes, France, U.S

☆ Jewish groups sue UC Berkeley over 'unchecked' antisemitism
▼ + stars: | 2023-11-28 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. The complaint also said "no fewer" than 23 law school groups have anti-Jewish policies. Law school dean Erwin Chemerinsky, a constitutional law specialist, said the complaint painted a "stunningly inaccurate" picture of the school. The law school, UC Berkeley Chancellor Carol Christ, the University of California system and its President Michael Drake are among the other defendants. Other plaintiffs include the Brandeis Center's Jewish Americans for Fairness in Education, a nationwide group whose members include UC Berkeley staff and students.

Persons: Carlos Barria, Louis, Erwin Chemerinsky, UC Berkeley Chancellor Carol Christ, Michael Drake, Hitler, Louis D, Jonathan Stempel, Richard Chang Organizations: University of California, REUTERS, Louis D, Brandeis Center, UC Berkeley's, UC Berkeley, UC Berkeley Chancellor, Brandeis Center's, Fairness, UC, New York University, NYU, Regents, Court, Northern District of, Thomson Locations: Berkeley, Berkeley , California, U.S, Israel, San Francisco federal, Northern District, Northern District of California, New York

☆ The best and worst career advice I ever got
▼ + stars: | 2023-11-28 | by ( Henry Blodget | ) www.businessinsider.com time to read: +4 min

I've gotten some great career advice over 35 years in the workforce. AdvertisementOver the past 35 years, I've been the lucky and grateful recipient of some excellent career advice. I've also gotten lousy career advice, including this:Advertisement"Follow your bliss." The best adviceThe best career advice I ever got, meanwhile, came from one of my first bosses on Wall Street, an investment banker named Jonathan Morgan. Want to change your job, career, life, community, or world for the better?

Persons: I've, —, Joseph Campbell, Campbell, Sarah Lawrence, Jonathan Morgan, Jonathan, I'm Organizations: Service, Yale, Ivy League

☆ FDIC watchdog planning 'special inquiry' on agency leadership, sexual harassment
▼ + stars: | 2023-11-28 | by ( Douglas Gillison | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

A "new evaluation project" will also review FDIC reform efforts since a 2020 investigation found its handling of sexual harassment complaints was deficient, according to Caitlin Savino, spokesperson for the FDIC Office of Inspector General. Previously, FDIC officials said the agency had satisfied recommendations from that investigation. Gruenberg has expressed personal alarm at the accounts and vowed to address the matter as a top agency priority. Republican lawmakers on the House Financial Services Committee have announced the start of a "rigorous" congressional probe into the matter. Reporting by Douglas Gillison; editing by Franklin Paul, Jonathan Oatis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheila Bair, Jason Reed, Caitlin Savino, Martin Gruenberg, Gruenberg, Douglas Gillison, Franklin Paul, Jonathan Oatis, David Gregorio Our Organizations: Federal Deposit Insurance Corp, REUTERS, Companies United, U.S . Federal Deposit Insurance Corp, Republican, Financial Services, Thomson Locations: Washington, Companies United States, America

A lower court judge had blocked enforcement of the ban in certain situations on Aug. 4, but the order has been on hold while the state appeals to the Texas Supreme Court. Oral arguments in the case are set for 10 a.m. (1600 GMT) in Austin. She was told she could not have an abortion until fetal cardiac activity stopped or her condition became life-threatening. Other plaintiffs said they were forced to travel out of state for medically necessary abortions. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Shelby Tauber, Jessica Mangrum, Molly Duane, Amanda Zurawski, Zurawski, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: REUTERS, Shelby, Texas, Texas Supreme, Center for Reproductive Rights, Thomson Locations: Texas, Denton , Texas, Austin, Travis County , Texas, New York

REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - Investors are increasingly pessimistic about the outlook for crude oil prices as doubts grow OPEC+ will cut production enough to offset rising non-OPEC output and a deteriorating economic outlook. But many professional money managers are more optimistic about refined fuel prices, especially U.S. gasoline and diesel, expecting low inventories will ensure prices remain stronger than crude. By contrast, the position in fuels was 114 million barrels (51st percentile), with substantial positions in U.S. gasoline (64 million barrels) and U.S. diesel (33 million barrels). The surplus had swelled from +60 bcf (+2% or +0.23 standard deviations) at the start of October despite very low prices. Related columns:- U.S. crude oil bears risk reversal from crowded trade (November 20, 2023)- U.S. gasoline stocks add to crude oil turbulence (November 17, 2023)- U.S. oil prices slide as stocks accumulate at Cushing (November 16, 2023)- Oil traders turn bearish, daring OPEC⁺ to cut again (November 14, 2023)John Kemp is a Reuters market analyst.

Persons: Leonhard Foeger, Brent, Henry, John Kemp, Mark Potter Organizations: REUTERS, ICE, U.S ., Funds, Henry Hub, Thomson, Reuters Locations: Vienna, Austria, OPEC, NYMEX, Saudi Arabia, Louisiana, Cushing

☆ Sabalenka, Rybakina to open new season in Brisbane
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] Tennis - WTA Finals - Cancun, Mexico - November 5, 2023 Belarus' Aryna Sabalenka in action during her semi final match against Poland's Iga Swiatek REUTERS/Henry Romero Acquire Licensing RightsSYDNEY, Nov 28 (Reuters) - World number two Aryna Sabalenka and number four Elena Rybakina will open their 2024 seasons at the Brisbane International warm-up for the Australian Open, organisers said on Tuesday. The 25-year-old will join her fellow Belarusian and twice Australian Open champion Victoria Azarenka in the 48-player Brisbane field as she prepares for her first Grand Slam title defence at Melbourne Park. "Australia holds a special place in my heart after winning my first Grand Slam there," Sabalenka said in a news release. "I can't wait to make my debut at the Brisbane International and play in front of the Queensland tennis fans." Russian-born Kazakh Rybakina, the Wimbledon champion in 2022, lost to Sabalenka in this year's Melbourne final.

Persons: Poland's Iga Swiatek, Henry Romero, Elena Rybakina, Naomi Osaka, Sabalenka, Nick Mulvenney, Peter Rutherford Organizations: Poland's Iga Swiatek REUTERS, Rights, Brisbane International, WTA, United, Victoria Azarenka, Brisbane, Melbourne, Queensland tennis, Wimbledon, Thomson Locations: Cancun, Mexico, Belarus, Perth, Sydney, Russia, Ukraine, Australia, Kazakh

☆ BoE leads central bank chorus on need for restrictive policy
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Deputy Governor for Markets and Banking of the Bank of England Dave Ramsden attends a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. Speaking at a central bank conference in Hong Kong, Bank of England (BoE) Deputy Governor Dave Ramsden also said he saw no financial stability grounds to lower interest rates, which are currently up at 5.25%. “We think that monetary policy is likely to need to be restrictive for an extended period of time," he said. Even with all that tightening, Ramsden said inflation was not expected to return to 2% until the end of 2025. Markets have started to position for the first rate cut, with a move seen as soon as April or June.

Persons: Bank of England Dave Ramsden, HENRY NICHOLLS, BoE, Dave Ramsden, Ramsden, Michele Bullock, Bullock, Pablo Hernández de Cos, Cos, Wayne Cole, Selena Li, Xie Yu, Jamie Freed, Simon Cameron, Moore Organizations: Markets, Banking, Bank of England, Reserve Bank of Australia, Bank of Spain, European Central Bank, ECB, Thomson Locations: London, Britain, HONG KONG, Australia, Spain, Hong Kong

Tiger Woods sounded more optimistic about playing golf next year than he did about the PGA Tour finalizing a deal with Saudi Arabia or private investors by the end of the year. Woods said only there were options, a lot of moving parts and that all sides were working aggressively toward finalizing a deal. “All the parties are talking and we’re aggressively working on trying to get a deal done,” he said. The other direction is working toward a finalized deal by the end of the year, or soon thereafter. Woods also is seen as a top candidate to be the next U.S. Ryder Cup captain for Bethpage Black in 2025.

Persons: Woods, LIV Golf, Jay Monahan, “, ”, Monahan, we’re, PIF, Henry Kravis, George Roberts, ” Woods, LIV, he's, ___ Organizations: PGA, Public Investment Fund, Fenway Sports Group, Riviera, Ryder, Bethpage Black Locations: Saudi Arabia, Bahamas, “

Williams, a former federal prosecutor and former U.S. Marine Corps pilot and prosecutor, is the third Republican to declare his candidacy. In an announcement video, Williams says, “I'm running for attorney general because I know how to deal with violence. As a freshman lawmaker, he became one of two House Republicans tapped to lead the impeachment of Philadelphia's progressive district attorney, Larry Krasner. The two other Republicans who have announced their candidacies are York County District Attorney Dave Sunday and former federal prosecutor Katayoun Copeland. Josh Shapiro 's second term as attorney general and doesn't plan to run for the office.

Persons: Philadelphia's, Joe Biden’s, Craig Williams, Williams, “, Joe Sestak, Larry Krasner, Krasner, Donald Trump’s, Dave Sunday, Katayoun Copeland, Jack Stollsteimer, Jared Solomon of Philadelphia, Eugene DePasquale, Joe Kahn, Keir Bradford, Michelle Henry, Josh Shapiro, Shapiro, Henry, Marc Levy Organizations: Republican, U.S . Marine Corps, U.S . Rep, Peco Energy Co, Exelon Corp, Republicans, University of Florida, York, Gov Locations: HARRISBURG, Pa, Philadelphia, Alabama, York County, Delaware County, Montgomery, Alaska

☆ Judge rejects Trump bid for US House Jan. 6 committee records
▼ + stars: | 2023-11-27 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

U.S. District Judge Tanya Chutkan in Washington found that Trump "has not sufficiently justified his requests" for information tied to the Democratic-led House of Representatives probe, which concluded in 2022. Trump sought to subpoena materials that his lawyers said were "missing" from the House investigation, including transcripts and video recordings of interviews with law enforcement officials. Trump has pleaded not guilty to charges that he illegally sought to overturn his defeat in the 2020 election. Trump’s Twitter account was suspended following the 2021 riot at the Capitol by his supporters. Prosecutors convinced a judge to bar Twitter from informing Trump about the warrant, a move the company opposed.

Persons: Donald Trump, Leah Millis, Donald Trump’s, Tanya Chutkan, Trump, Jack Smith, Elon Musk, Andrew Goudsward, Jack Queen, Scott Malone, Stephen Coates Organizations: U.S, Capitol, REUTERS, Rights, U.S . Capitol, Democratic, Trump, Republican, Twitter, Prosecutors, New, Thomson Locations: Washington , U.S, Washington, New York

☆ U.S. federal judge rules against Meta in privacy fight with FTC
▼ + stars: | 2023-11-27 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +1 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. The judge ruled that Facebook must face a review of an earlier agreement that it struck with the FTC. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta for the court to take over the fight. The FTC has argued that it was up to the agency to decide whether its settlements should be changed and that the district court had no jurisdiction. The FTC proposed changing a settlement reached in 2019 which required Facebook to pay $5 billion.

Persons: Yves Herman, Timothy Kelly, Diane Bartz, Angus MacSwan Organizations: REUTERS, Rights, Facebook, U.S . Federal Trade Commission, U.S, District of Columbia, Meta, FTC, Thomson Locations: Brussels, Belgium

☆ BoE's Bailey says getting inflation to 2% will be 'hard work'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023. "The rest of it has to be done by policy and monetary policy," Bailey said in an interview with website ChronicleLive published on Monday. The second half, from there to two, is hard work and obviously we don't want to see any more damage." Bailey acknowledged the impact of higher interest rates on households caused by higher mortgages and rents. But he repeated his message that it was too soon for the BoE to think about cutting interest rates.

Persons: Bank of England Andrew Bailey, HENRY NICHOLLS, Andrew Bailey, Bailey, ChronicleLive, BoE, it's, William Schomberg, Sarah Young Organizations: Bank of England, Thomson Locations: London, Britain

☆ Idaho asks US Supreme Court to allow near-total abortion ban
▼ + stars: | 2023-11-27 | by ( John Kruzel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

The sun sets on the U.S. Supreme Court building after a stormy day in Washington, U.S., November 11, 2022. Idaho's Republican attorney general and top Republican state lawmakers in court papers told the Supreme Court that Winmill's ruling has permitted "an ongoing violation of both Idaho's sovereignty and its traditional police power over medical practice." Winmill that month agreed, blocking the Idaho law from being enforced in cases of abortions needed to avoid putting the woman's health in "serious jeopardy" or risking "serious impairment to bodily functions." Circuit Court of Appeals in September agreed to let Idaho enforce its ban amid an appeal. But the full 9th Circuit this month reversed the panel's ruling, granting the Biden administration's request to block the Idaho law while the appeal proceeds.

Persons: Leah Millis, Joe Biden's, District Judge B, Lynn Winmill's, Wade, Roe, Biden, James Wesley Hendrix, preliminarily, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Monday, Republican, Democratic, District Judge, Defense, U.S . Department of Health, Human Services, Labor, Biden, Circuit, Appeals, District, Thomson Locations: Washington , U.S, Idaho, In Idaho, U.S, San Francisco, Texas, New Orleans

☆ No worries, Gen Z! I hated the 9-to-5 work schedule, too. This simple mindset shift changed everything.
▼ + stars: | 2023-11-27 | by ( Henry Blodget | ) www.businessinsider.com time to read: +6 min

Gen Zers are sounding off about the soullessness and exhaustion of corporate work. Some members of Gen Z have gone viral recently for their frustrations with 9-to-5 hours and "soulless" corporate work. For one thing — and it was a big thing — the corporate job came with a salary and benefits. So, for me, despite a rough start, the soulless corporate 9-to-5 thing (more like 7-to-10 in that industry) eventually worked out. Eventually, your priorities may change, and corporate work and its schedules may seem less soul-sucking and more rewarding.

Persons: —, Gen Z, didn't Organizations: Service

Around 2,500 people gathered to hear Haley, the former governor and United Nations ambassador, according to officials at a satellite campus of the University of South Carolina along the state’s southern coast. She often hits on this theme herself, noting her ousting of a 30-year state incumbent in the South Carolina House, then beating three initially better-known candidates to become the first woman to serve as South Carolina governor. Ron DeSantis campaigns across South Carolina on Friday. On Monday, Haley riffed on Trump’s recent appearance in her home state at Saturday’s football rivalry matchup between the University of South Carolina and her alma mater, Clemson University. Henry McMaster, Haley’s successor and an alumnus of South Carolina, which lost to Clemson.

Persons: — Nikki Haley, Donald Trump, Haley, Trump, Vivek Ramaswamy, Ron DeSantis, Vincent Francescangeli, ” Francescangeli, Trump’s, you’ve, ” Haley, “, Haley riffed, Henry McMaster, Haley’s, —, ”, Francescangeli, Meg Kinnard Organizations: United Nations, University of South, South Carolina House, GOP, Florida Gov, Trump, mater, Clemson University, Clemson, Gamecocks, Tigers Locations: BLUFFTON, S.C, South Carolina, University of South Carolina, Charleston, Monday's, South, New Hampshire, Iowa, Florida, China

Stollsteimer joins a Democratic primary field that is already four-deep in which he will be the only elected prosecutor. In his campaign for attorney general, Stollsteimer will lean heavily on his experience as the twice-elected district attorney of Delaware County, Pennsylvania's fifth-most populous county sitting between Philadelphia and Delaware. In 2019, he won his race for district attorney, becoming the first Democrat to hold the office in Delaware County, once a Republican bastion that Democrats now control. On the Republican side, York County District Attorney Dave Sunday and former federal prosecutor Katayoun Copeland have announced their candidacies. Attorney General Michelle Henry does not plan to run to keep the office.

Persons: Jack Stollsteimer, Joe Biden’s, ” Stollsteimer, Stollsteimer, Donald Trump’s, ”, Fanta Bility, Jared Solomon of Philadelphia, Eugene DePasquale, Joe Kahn, Keir Bradford, Dave Sunday, Katayoun Copeland, Michelle Henry, Marc Levy Organizations: Democratic, Treasury Department, Democrats, Temple University, Republican, of Education, Philadelphia Inquirer Locations: HARRISBURG, Pa, Delaware County, Pennsylvania, Philadelphia and Delaware, “, Philadelphia, Chester, Montgomery, York County

☆ Biden Trade Policy Breaks With Tech Giants - The New York Times
▼ + stars: | 2023-11-27 | by ( Farah Stockman | ) www.nytimes.com time to read: +3 min

“We have warned for years that either the United States would write the rules for digital trade or China would,” Senator Mike Crapo, a Republican from Idaho, lamented in a press statement. That paper explains how U.S. trade officials came to champion a digital trade policy agenda that was nearly identical to what Google, Apple and Facebook wanted: No restrictions on the flow of data across borders. No laws that would curb monopolies or encourage more competition — a position that is often cloaked in clauses prohibiting discrimination against American companies. Many smaller tech companies complain that big players engage in monopolistic behavior that should be regulated. A group of smaller tech companies called the Coalition for App Fairness thanked Ms. Tai for dropping support for the so-called tech-friendly agenda at the World Trade Organization.

Persons: Mike Crapo, Biden, Tai, Wendy Li, Ms, Li, Henry Gao Organizations: Republican, Facebook, Google, University of Wisconsin, Trump, Microsoft, Apple, Coalition, World Trade Organization Locations: China, United, Idaho, Madison, United States, Mexico, Canada, Washington, Singapore

☆ Boom Supersonic says it will conduct the first test flight of its ultra-speedy 'baby boom' prototype aircraft later this year
▼ + stars: | 2023-11-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Colorado startup Boom Supersonic is developing a faster-than-sound jet called Overture. Boom hopes to conduct its first XB-1 flight by the end of this year. The engines on Boom's XB-1 supersonic test plane. To prepare for its first XB-1 flight, Boom said its test pilots had completed hundreds of hours of flight training in a simulator and a trainer aircraft. AdvertisementA pilot sitting in the cockpit of the Boom Supersonic experimental aircraft.

Persons: —, Blake Scholl, Henry Harteveldt, Boom, Charles, Chuck, Yeager, Doc, Shoemaker Organizations: Service, Federal Aviation Administration, eventual, FAA, Business, Boom's, United Airlines, American Airlines, Electric, Pratt & Whitney, GE, Honeywell, Safran Aircraft, Royce, CFM International, Atmosphere Research, Mojave Air, Space Port Locations: Colorado

☆ 3 Pickleball players over the age of 70 on why they gravitated to the sport: 'It's more than just a game'
▼ + stars: | 2023-11-26 | by ( Renée Onque | ) www.cnbc.com time to read: +5 min

Mailen Kootsey, 84Mailen Kootsey played tennis for most of his life, starting in his twenties. Mailen Kootsey 84-year-old Pickleball PlayerIn Redlands, Calif. where he lives, his pickleball group worked with the city to develop a group of eight pickleball courts. When asked to choose the best thing he's gained from pickleball, Kootsey says, "It's a toss up between the exercise and social interaction. Since playing pickleball, Henry has began prioritizing her physical health. Ryo Shinagawa, 72Ryo Shinagawa played tennis for decades before he made the switch to pickleball in 2016.

Persons: Mailen Kootsey, Kootsey, pickleball, Beth Henry, Henry, I'm, it's, she's, Beth Henry Another, Ryo Shinagawa, Shinagawa Organizations: Loma Linda University, Redlands, CNBC, Shinagawa, Sporting Goods Locations: California, Calif, pickleball, Rancho Cucamonga , California, L.A, Corona , Calif, USA, Shinagawa

☆ The Iowa caucuses are fast approaching. Here's a look at the first GOP presidential nominating contests of 2024.
▼ + stars: | 2023-11-25 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Nikki Haley of South Carolina, Chris Christie of New Jersey, and Asa Hutchinson of Arkansas; and entrepreneur Vivek Ramaswamy. Former South Carolina Gov. If Christie is to generate momentum headed into the South Carolina primary, he must do well in New Hampshire. But South Carolina is also Haley's home and the state where she served as governor from 2011 to 2017. In 2020, South Carolina propelled Biden to the Democratic nomination and the presidency, and he's looking for another robust showing in the state.

Persons: Trump, Nikki Haley, —, Donald Trump, Ron DeSantis, Doug Burgum, Chris Christie, Asa Hutchinson of, Vivek Ramaswamy, Mike Pence, Sen, Tim Scott of, Miami Mayor Francis Suarez, Will Hurd, Larry Elder, Joe Biden, DeSantis, Kim Reynolds, Haley, Ramaswamy, Christie, Michael Dwyer, it's, he's, Henry McMaster, Lindsey Graham, Scott, Haley overperforms, Biden, Dean Phillips, Marianne Williamson Organizations: Republicans, Service, Republican, Miami Mayor, Democratic, GOP, Iowa, AP, Trump, Democratic National Committee, Hawkeye State Democrats, Nevada Republicans, Granite State . Former South Carolina Gov, South, Carolina, The South, Gov, South Carolina, Rep, Dean Phillips of Minnesota Locations: Iowa, Iowa , New Hampshire, South Carolina, Florida, North Dakota, New Jersey, Asa Hutchinson of Arkansas, Tim Scott of South Carolina, Will Hurd of Texas, South Carolina . Iowa, Nevada, Hampshire, England, Granite, New Hampshire, The, The South Carolina, But South Carolina

☆ Binance and the End of Crypto’s Dream to Escape From Government
▼ + stars: | 2023-11-24 | by ( Henry Farrell | Abraham Newman | ) www.wsj.com time to read: +1 min

On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. U.S. authorities describe this as a watershed moment for crypto’s compliance with American law. Crypto’s creators aspired to create a decentralized money system, with no entry points for state oversight and surveillance. But the crypto economy has become increasingly centralized around exchanges like Binance and Coinbase. Crypto is being tamed, as its central actors agree to implement U.S. rules, extending the government’s reach into the heart of the crypto economy.

Persons: Crypto Locations: U.S

The Chile-based company, which leapfrogged U.S. majors American Airlines (AAL.O) and United Airlines (UAL.O), transported more than 260,000 passengers between the countries in the period. Average load factor in those flights, LATAM told Reuters, reached 89%. The results, according to ANAC, secured LATAM a 26% market share for flights between the two most populous countries in the Americas in the August-October period, above American Airlines' 22% and United Airlines' 20%. Year to date, American Airlines still leads the ranking with a 23.7% market share, slightly above LATAM's 22.4%, considering the number of passengers transported. In 2023 the U.S. carrier has so far ranked fifth in U.S.-Brazil traffic, also lagging behind Azul (AZUL.N).

Persons: Henry Romero, ANAC, LATAM, Aline Mafra, Gabriel Araujo, Steven Grattan, Marguerita Choy Organizations: Benito Juarez International, Federal Aviation Administration, FAA, REUTERS, SAO PAULO, LATAM Airlines, American Airlines, United Airlines, Reuters, Delta, Brasil, Sao Paulo, U.S ., Boston, U.S, Azul, Thomson Locations: U.S, Mexico City, Mexico, Brazil, Los Angeles, Chile, Argentina, Portugal, LATAM, Americas, Sao, Brazil's, U.S . West Coast, Miami, Orlando, New York, Rio de Janeiro, Atlanta

New York Governor Andrew Cuomo arrives to depart in his helicopter after announcing his resignation in Manhattan, New York City, U.S., August 10, 2021. REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsNov 24 (Reuters) - A woman who in 2021 accused former New York governor Andrew Cuomo of groping her when she was working for him has filed a civil lawsuit against her one-time boss. It was the only criminal charge brought over the allegations against Cuomo. Another former aide, Charlotte Bennett, sued Cuomo for sexual harassment in September 2022. Reporting By Brendan Pierson in New York, Editing by Alexia Garamfalvi Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Cuomo, Caitlin Ochs, Brittany Commisso, Cuomo, Letitia James, Commisso, Charlotte Bennett, Brendan Pierson, Alexia Garamfalvi, Alistair Bell Organizations: New, REUTERS, Democrat, New York, Thomson Locations: Manhattan , New York City, U.S, New York, Albany , New York, Albany's

☆ Housing economists have a great idea that could fix just about everything
▼ + stars: | 2023-11-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

"A land value tax would fix that" has become a popular, and sometimes comedic, Twitter response to a range of policy conundrums among urbanists and YIMBYs. It would incentivize landowners to maximize the revenue from their property — building an apartment building instead of, for example, a parking lot. And because rich individuals and corporations own most land in cities and towns, land taxes would disproportionately fall on the wealthiest. Pure Georgists advocate for abolishing all taxes besides land value taxes. Instead, they want to see more regressive levies — like sales taxes — or those that penalize investment — like property taxes — reduced.

Persons: —, Henry George, George, Stephen Hoskins, BZ5X3Lh7mU — Daryl Fairweather ⛅, Mike Duggan, Gregor Schwerhoff, Shane Phillips, Scott Olson, Phillips, Hoskins Organizations: Service, urbanists, Resource Justice, Lawmakers, Detroit, International Monetary Fund, Lewis Center for Regional Policy Locations: America, Pennsylvania, Pittsburgh , Harrisburg, Allentown, Detroit, Minnesota, Hamtramck , Michigan, American

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