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Mr. Wenner told employees in a separate note that Mr. Shachtman would be replaced in the interim by Sean Woods, the magazine’s deputy editor, and Lisa Tozzi, its digital director. The magazine will begin a search for a new top editor in the coming weeks, he said. The former top editor of The Daily Beast, Mr. Shachtman imported the news website’s hard-nosed, investigative sensibility to Rolling Stone. During his tenure, the magazine published investigations into prominent musicians and actors, including Jonathan Majors and Marilyn Manson. After his comments were published, he was ousted from the foundation and condemned by the Black Rock Coalition, a conflagration that Mr. Shachtman had pushed Rolling Stone to cover.
Persons: Wenner, Shachtman, Sean Woods, Lisa Tozzi, he’s, ” Mr, Jonathan Majors, Marilyn Manson, Stone, Jann Wenner, Gus Wenner’s Organizations: The Times, Roll Hall of Fame Foundation, Black Rock Coalition
Cloudflare — Shares surged 27% after the cloud services provider topped analysts' expectations in its fourth quarter. Cloudflare reported adjusted earnings of 15 cents per share on revenue of $362 million. Expedia reported earnings of $1.72 per share on revenue of $2.89 billion, higher than the $1.68 on $2.88 billion analysts had expected. Illumina — Shares dropped 4% even after the company reported fourth-quarter results that topped expectations, according to FactSet consensus estimates. Take-Two also reported adjusted earnings of 71 cents per share, slightly missing the FactSet consensus estimate for 72 cents earnings per share.
Persons: Cloudflare, LSEG, Pinterest, Expedia, Peter Kern, Ariane Gorin, CleanSpark, ClearnSpark, Illumina, Bill Holdings, Bill, — CNBC's Michelle Fox Lisa Kailai Han, Jesse Pound Organizations: PepsiCo, Revenue, Pepsi, FactSet . Revenue, United Airlines —, ISI, Newell, Newell Brands, FactSet
CNN —Mark Ruffalo celebrated his new star on the Hollywood Walk of Fame on Thursday, and had a little help from a certain “13 Going On 30” cast member. Jennifer Garner was on hand to honor the man of the hour, which felt right since the beloved film in which they costarred celebrates its 20th anniversary this spring. Garner joked that she “kicked off the Mark Ruffalo rom-com era,” and also rattled off the names of some of the other actresses who have played opposite Ruffalo including Jennifer Aniston, Keira Knightley, Gwyneth Paltrow and Reese Witherspoon. In the 2004 movie, Garner played a teen who wishes to be older and finds herself in the body of her 30-year-old self. “To work with you Mark is to love you, I don’t care what anyone says,” she said to laughs from those gathered.
Persons: Mark Ruffalo, Jennifer Garner, Garner, , Jennifer Aniston, Keira Knightley, Gwyneth Paltrow, Reese Witherspoon, Mark, ‘ Bro, Ruffalo, Ruffalo –, Oscar, Cary Grant, Frank Sinatra, Jimmy Stewart, Organizations: CNN, Hollywood
The new “Lisa Frankenstein,” by Zelda Williams in her directorial debut, hits some of the same notes. Kathryn Newton stars as Lisa Swallows and Cole Sprouse as The Creature in LISA FRANKENSTEIN, a Focus Features release. This is where “Poor Things” and “Lisa Frankenstein” diverge. Bella Baxter in “Poor Things” starts out as a clumsy innocent, but she becomes more knowledgeable and self-confident over time. “Lisa Frankenstein” shows why that’s a loss for all of us — and Lisa is ready to cut up the patriarchy to prove it.
Persons: Noah Berlatsky, CNN —, Mary Shelley’s, Frankenstein, , Victor Frankenstein, , Shelley, Noah Berlatsky Noah Berlatsky, we’ve, “ Lisa Frankenstein, Yorgos Lanthimos, Lisa Frankenstein, Zelda Williams, Diablo Cody, , Lisa, Kathryn Newton, She’s, Carla Gugino, Liza Soberano, Cole Sprouse, Lisa Swallows, LISA FRANKENSTEIN, Michele K, “ Lisa Frankenstein ”, Bella Baxter, she’s, Bella, Williams, Mary Shelley, Lord Byron, Celine Song’s “, Emma Stone, Atsushi Nishijima, Greta Gerwig’s, Barbie, “ Barbie, It’s, Cody, he’s, wouldn’t, Lisa Frankenstein ”, Barbie ”, “ Oppenheimer, Lily, Mary Organizations: CNN, REO, Searchlight Pictures Locations: Chicago, Hollywood, Taffy’s, , Ireland
In a note to staff, Wenner thanked Shachtman and said that he will begin a search for a new editor in the coming weeks. Shachtman added that while he was stepping down as editor, he would be a contributing writer for the magazine. Shachtman also emphasized that under his stewardship, Rolling Stone would not be afraid to take aim at some of music’s biggest names. The scandal ultimately led to Jann being removed from the Rock and Roll Hall of Fame. At the time, Rolling Stone described the comments as “offensive” and Shachtman published a piece examining the magazine’s history.
Persons: Noah Shachtman, Rolling Stone, Gus Wenner, ” Shachtman, Wenner, Shachtman, ” Wenner, Sean Woods, Lisa Tozzi, , “ I’ll, Jann, Stone Organizations: CNN, Rolling, Rolling Stone, Magazine, New York Times, Hall of Fame Locations: , Shachtman
As Dwight progressed through the Air Force, he was handpicked by President John F. Kennedy’s White House to join Chuck Yeager’s test pilot program at Edwards Air Force Base in California’s Mojave Desert. That fabled astronaut breeding ground, site of “The Right Stuff,” might have turned Dwight into one of the most famous Americans and the first Black man in space. Dwight astronaut future took a more drastic turn when Kennedy was assassinated on Nov. 22, 1963. “Everybody was wondering, ‘What’s going to happen with Dwight?’" says Dwight. To the Black astronauts who followed in his footsteps, Dwight braved their path.
Persons: Ed Dwight, he’d, ’ ” Dwight, Dwight, , , , John F, Chuck Yeager’s, Edwards, Kennedy, , ” Dwight, Zoom, Guion, Bernard Harris, ” Harris, Ed, who’s, Lisa Cortés, Diego Hurtado de Mendoza, that’s, Eddie Dwight, Satchel Paige’s, Edward R, Murrow, James Webb, “ Yeager, Jimmy Stewart, Yaeger, ’ ” Yeager, Yeager, Tom Wolfe’s “, Bobby, Wolfe, ‘ What’s, , ” Kennedy, Bobby Kennedy, Patterson, Louis Armstrong, Duke Ellington, Barack Obama, it’s, Hurtado de Mendoza, isn’t, He’s, Chuck, Jake Coyle Organizations: Air Force, Edwards Air Force Base, NASA, Geographic, Disney, Century America, Negro Leagues, Kansas City Monarchs, Soviet Union, Sputnik, Mercury, U.S . Information Agency, Negro, Aerospace Research, House, Arizona State University, “ NASA, White, Congress, Civil Rights, Justice Department, Wright, IBM, Fine Arts, Sculpture, University of Denver, Orion Locations: Kansas, Korea, Hulu, Denver, Soviet, U.S, Edwards, Washington, Germany, Canada, Ohio
CNN —When Usher appeared as a special guest with the Black Eyed Peas as they headlined the halftime show at Super Bowl XLV in 2011, he began to manifest becoming the headliner himself. The triple threat just completed a successful residency in Las Vegas, which is where this year’s Super Bowl will be played. “I will be, up until this date, the only independent artist who’s ever performed the Super Bowl halftime show. Having 100 sold out shows in a residency, and to have the next one be the crescendo, which is a Super Bowl,” he added. “This has really, really, really given my time here in Las Vegas an incredible button at the end.”This year’s Super Bowl pre-game performers Post Malone, Andra Day and Reba McEntire also attended the press conference.
Persons: Usher, , , who’s, “ It’s, ” Usher, Jay, Post Malone, Andra Day, Reba McEntire Organizations: CNN, Apple, NFL, Kansas City Chiefs, San Francisco 49ers, CBS, Paramount Locations: Las Vegas
Robust earnings and economic data have boosted equities to start 2024, with the S & P 500 briefly crossing the key 5,000-point threshold for the first time in history. But even with stocks at these lofty prices, famed Wharton professor of finance Jeremy Siegel doesn't believe that the market looks expensive, especially when viewing it from a longer-term lens. "I don't think right now the market is overvalued for a long-term investor by any means." In particular, Siegel pointed to strong company fundamentals to bolster his claim that equities are trading near their fair valuation. "When we think about 5,000, it wasn't long ago when we had some very big names telling us the S & P was going down to 3,600," Siegel said.
Persons: Wharton, Jeremy Siegel doesn't, Siegel, we've
That agreement would have involved selling Arm for $40 billion, or just $8 billion more than SoftBank paid in 2016. Instead, Arm went public last year, and the company is now worth over $116 billion after the stock soared 48% on Thursday. SoftBank still owns roughly 90% of the outstanding stock, meaning its stake in Arm increased by over $34 billion in a day. watch nowChipmakers Nvidia and AMD have been Wall Street darlings of late due to their central position in the artificial intelligence boom. 'Gain market share'Arm has a different business model than Nvidia and AMD in that it's largely a technology licensing company.
Persons: Jakub Porzycki, Arm, SoftBank, Lisa Su, Steve Marcus Organizations: Nurphoto, Nvidia, AMD, Intel, Qualcomm Locations: SoftBank, Las Vegas , Nevada, U.S
Ralph Lauren reported earnings of $4.17 per share, excluding items, while analysts surveyed by FactSet expected earnings of $3.57 per share. The company, which is anticipating soft sales growth this year, also announced a $1 billion share buyback program. Arm Holdings — The chipmaker's stock soared more than 28% after it reported a fiscal third-quarter earnings beat . Apollo Global Management — Shares rose nearly 3% after the asset management company's fourth quarter earnings topped estimates. The company reported $32 billion of inflows during the quarter, pushing its total assets under management to $651 billion.
Persons: Ralph Lauren —, Ralph Lauren, Morgan Stanley, Ally, Mattel —, Barbie toymaker, LSEG, Moody's, NYCB, FactSet's, , Jesse Pound, Tanaya Macheel, Lisa Kailai Han, Michelle Fox Theobald Organizations: , Revenue, Mattel, PayPal, New York Community Bancorp, Arm Holdings, Apollo Global Management, American, American Express, Maersk —, Maersk Locations: Danish
By Kanishka SinghWASHINGTON (Reuters) - Robert Hur, the special counsel appointed to investigate whether President Joe Biden improperly handled sensitive government documents, is a former high-ranking Justice Department official with experience in prosecuting sensitive leak investigations. On Thursday, he concluded that probe and found that Biden retained classified materials about Afghanistan after leaving the vice presidency in 2017 but said he will not be criminally charged. Hur was appointed by Donald Trump in 2018 as the chief federal law enforcement officer in Maryland and left that position in early 2021. Under Hur, the Maryland U.S. attorney's office prosecuted the case of former National Security Agency contractor Harold Martin, who stole huge amounts of classified material from U.S. intelligence agencies. A graduate of Stanford Law School and Harvard College, Hur served as top aide to then-Deputy Attorney General Rod Rosenstein before his appointment as the U.S. attorney in Maryland.
Persons: Kanishka Singh WASHINGTON, Robert Hur, Joe Biden, Biden, General Merrick Garland, Hur, Trump, Gibson, Dunn, Garland, Washington . Hur, Donald Trump, Harold Martin, Martin, Rod Rosenstein, William Rehnquist, Christopher Wray, Kanishka Singh, Gram Slattery, Heather Timmons, Jonathan Oatis, Lisa Shumaker Organizations: U.S, Maryland U.S, National Security Agency, Stanford Law School, Harvard College, Supreme, Justice Department, FBI Locations: Afghanistan, U.S, Maryland, Delaware, Washington
Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. S & P Global — Shares dipped 5% following a fourth-quarter earnings miss and disappointing full-year guidance from the financial analytics firm. On the other hand, the company's fourth-quarter revenue of $3.15 billion beat the $3.13 billion analysts had anticipated. Zimmer Biomet — The stock slid 5%, despite the medical device firm posting a fourth-quarter earnings and revenue beat.
Persons: Walt Disney, Ralph Lauren —, Ralph Lauren, Hershey's, FactSet, Kate Spade, Stuart Weitzman, LSEG, Masco, Kellanova, Zimmer Biomet, Johnson, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Pia Singh Organizations: PayPal, Arm Holdings —, Hershey —, Intercontinental Exchange, Wynn, P Global, Johnson, LSEG
Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).
Persons: , Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver
Biden Not Charged by Special Counsel for Mishandling Documents
  + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +5 min
Special Counsel Robert Hur said he opted against bringing criminal charges after a 15-month investigation because Biden cooperated and would likely be difficult to convict. Hur's conclusion ensures that Biden, unlike his expected 2024 presidential rival Donald Trump, will not risk prison time for mishandling sensitive government documents. Biden has also sought to draw a contrast with Trump on issues of personal ethics and national security. Trump has described the four criminal prosecutions he faces — including one for his handling of classified documents — as politically motivated. The White House said Biden's attorneys found a small number of classified documents and turned them over after discovery.
Persons: Andrew Goudsward WASHINGTON, Joe Biden, Robert Hur, Biden, Mr, Hur, Donald Trump, Trump, Alex Pfeiffer, Bob Bauer, Richard Sauber, Barack Obama, indicting, Andrew Goudsward, Jeff Mason, Alexandra Ulmer, Andy Sullivan, Scott Malone, Lisa Shumaker Organizations: Make, Department, Trump, FBI, Justice Department Locations: U.S, Afghanistan, Washington, Wilmington , Delaware, Florida, Lago
The tight end played in the Super Bowl last year against his brother Jason, who is on the Philadelphia Eagles. Their mom will be in the stands this Sunday to watch the Chiefs take on the San Francisco 49ers in Las Vegas, Nevada, at Super Bowl LVIII. “We don’t know until that day if she’ll be coming or not. “I don’t know if anybody’s gonna foot that bill.”Seriously? No, I really don’t think so,” Kelce said.
Persons: Donna Kelce, hasn’t, Travis, Jason, Travis ’, Taylor Swift, she’ll, , ” Kelce, Ziploc, Michael Simon, Swift, Kelce, , “ She’s, ” Taylor Swift, Denny Medley, Reuters Travis, “ Travis, , , she’s, I’ve, Charlie Riedel, “ It’s Organizations: CNN, Kansas City Chiefs, Super, Philadelphia Eagles, Chiefs, San Francisco 49ers, Chicago Bears, Sports, Reuters, NFL, Denver Broncos Locations: Las Vegas , Nevada, Allegiant,
CNN —In 1930 George Hoyningen-Huene pulled off one of the greatest dupes in the history of photography. George Hoyningen-Huene Estate ArchivesRönngren said Huene was “like Forrest Gump. George Hoyningen-Huene Estate ArchivesAll this gossip and glamour would, of course, make great television: and Rönngren is now working on a Netflix drama about the photographer’s life and times. The Jaeger exhibition, which presents works, dating from 1927 to 1955, coincides with the publication of “George Hoyningen-Huene: Photography, Fashion, Film” by Susanna Brown (Thames & Hudson). Photographer George Hoyningen-Huene in the studio in Paris, 1937.
Persons: George Hoyningen, Huene, Horst P, Horst, Lee Miller, , “ George Hoyningen, Katherine Hepburn, Josephine Baker, Benjamin Jaeger, Steffi, ” Huene, Baron Barthold Theodor Hermann von Hoyningen, Tsar Nicholas II, Susannah Brown, George, Salvador Dalí, Weissmuller, Huene “, Tommy Rönngren, Asa, Tommy “, Rönngren, Forrest Gump, Joseph Pilates, Ava Gardner, Sophia Loren, George Cukor, Condé Nast, Cole Porter, “ sauvage, Greta Garbo, Marlene Dietrich, , Dietrich, Garbo, ’ ” Heune, Miriam Hopkins, Susanna Brown, Baker, Roger Schall, Lisa Fonssagrives, Irving Penn, Jaeger Organizations: CNN, Vogue, Cote, Jaeger Art, Jaeger, , British Army, Condé, Thames & Hudson, Nexus Hall, Neue, Hudson Locations: Paris, Russian, New York, Côte, Berlin, St Petersburg, England, France, Montmartre, Swedish, Huene, Horst’s, Stockholm, , Hollywood, revolté, Thames, Tokyo, Europe, Germany
A woman says she was almost barred from a Delta flight for not wearing a bra. She claims was escorted off the plane and was only allowed to reboard if she put a jacket on. The woman, a DJ, was wearing a baggy white t-shirt, according to a photo shared on X. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA woman claims that she was escorted off a Delta Air Lines plane and almost barred from the flight because she wasn't wearing a bra.
Persons: , Lisa Archbold Organizations: Service, Delta Air Lines, DJ, Sundance Film, New Zealand Herald, Business Locations: Salt Lake City, San Francisco
“I was embarrassed for our conference, for our party, because we can do better than we did last night,” said GOP Rep. Lance Gooden of Texas. It was a huge mistake,” said GOP Rep. Patrick McHenry of North Carolina, an ally to former Speaker Kevin McCarthy. And the stunning defeat, which prompted a chaotic scene on the House floor, completely overshadowed the Democratic opposition to the Israel bill. “The Democrats played hide and seek with us,” GOP Rep. Carlos Gimenez of Florida told CNN. We’ll put it back up.”For their part, Democrats took a victory lap in their maneuvering that led to a nail-biter vote and embarrassment for House Republicans.
Persons: Alejandro Mayorkas, Troy Nehls, , we’re, , Lance Gooden, GOP Sen, Lisa Murkowski, I’ve, I’m, Nancy Pelosi, George Santos, Pelosi, Ralph Norman of, Patrick McHenry of, Kevin McCarthy, Mike Johnson, “ He’s, Jen Kiggans, Johnson, speakership, ” Johnson, Donald Trump, Mitch McConnell’s, James Lankford of, Kevin Dietsch, Mayorkas, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Hugh Hewitt, Dan Bishop of, Steve Womack, ” Womack, Mitch McConnell, Chip Somodevilla, they’re, , Steve Scalise, Tom Cole of, Al Green of, Carlos Gimenez, “ It’s, Scalise, We’ll, ” Pelosi, ” CNN’s Haley Talbot, Lauren Fox, Sam Fossum Organizations: Homeland, GOP, CNN, Texas, Republican, , Republicans, House Democrats, GOP Rep, Caucus, Congress, Navy, Capitol, Getty, Democratic, Democrat, Arkansas Republican, House Republicans Locations: , Texas, Israel, Alaska, Ralph Norman of South Carolina, Patrick McHenry of North Carolina, Virginia, James Lankford of Oklahoma, Washington , DC, Mike Gallagher of Wisconsin, Dan Bishop of North Carolina, Arkansas, , Washington ,, Tom Cole of Oklahoma, Al Green of Texas, Florida
The Environmental Protection Agency on Wednesday tightened limits on fine industrial particles, one of the most common and deadliest forms of air pollution, for the first time in a decade. Public health organizations said the pollution rules would save lives and strengthen the economy by reducing hospitalizations and lost workdays. Fine particulate matter, which can include soot, can come from factories, power plants and other industrial facilities. The new rule lowers the annual standard for fine particulate matter to nine micrograms per cubic meter of air, down from the current standard of 12 micrograms. will use air sampling to identify areas that do not meet the new standard.
Organizations: Environmental Protection Agency, Business
CNN —Like a scene from an alternate universe, Jennifer Aniston can’t seem to remember who her “Friends” co-star David Schwimmer is in a new Super Bowl LVIII ad. “Have we met?” Aniston asks Schwimmer, who attempted to go in for a hug after spotting her on a busy Hollywood set, only to be met by Aniston’s confusion. DON'T FORGET UBER EATS“Friends” followed a group of six friends and roommates as they navigate work, relationships and the comical moments of everyday life while living in New York City. Despite Aniston’s memory lapse in the spot, the reunion between these two old friends is welcome given they haven’t shared the screen together since appearing on Max’s “Friends” reunion special in 2021. Super Bowl LVIII Halftime Show performer Usher, musician Jelly Roll and David and Victoria Beckham are also featured forgetting some pretty integral things about their lives in the campaign.
Persons: Jennifer Aniston can’t, , David Schwimmer, Aniston, ” Aniston, Schwimmer, , Ross Geller, Rachel Green’s, Courteney Cox, Lisa Kudrow, Matt LeBlanc, Matthew Perry, Usher, Jelly Roll, Victoria Beckham Organizations: CNN, Warner Bros ., Kansas City Chiefs, San Francisco 49ers, CBS Locations: New York City
SANTIAGO (Reuters) - Chilean ex-President Sebastian Pinera died in a helicopter crash on Tuesday in the south of the country, local news outlet La Tercera said. Government sources cited by La Tercera said four people were traveling on the helicopter when it crashed, and that three had been "found by first responders." Chile's national disaster agency SENAPRAD confirmed that a helicopter crash had occurred in the southern town of Lago Ranco and that one person had been killed and three people injured. The government did not immediately name who was aboard. (Reporting by Santiago bureau; Editing by Brendan O'Boyle and Lisa Shumaker)
Persons: Sebastian Pinera, Brendan O'Boyle, Lisa Shumaker Organizations: La Tercera, SENAPRAD Locations: SANTIAGO, Chilean, Lago, Santiago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStaying neutral in both equities and fixed income makes sense right now: U.S. Bank’s Lisa EricksonLisa Erickson, U.S. Bank Wealth Management head of the public markets group, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, earnings season, and more.
Persons: Bank’s Lisa Erickson Lisa Erickson Organizations: U.S, Bank Wealth Management
Usher announces arena tour
  + stars: | 2024-02-06 | by ( Lisa Respers France | ) edition.cnn.com   time to read: 1 min
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CNN —More people who are still using telephone landlines will soon need to decide if they want to finally hang up on their service. That’s part of a sweeping move by phone service providers to replace older copper wire-based telephone systems lines, also known as Plain Old Telephone Service (POTS), with faster and more advanced technology that doesn’t work with landlines. In the United States, the shift away from copper landlines will most likely impact people over age 65 and small business owners. “Traditional landline telephone service is the most dependable communications tool currently available in rural communities and is vital to reliably accessing 9-1-1,” he said. Because phone service workers will need to be deployed during the removal process, this could extend the completion time.
Persons: CNN —, “ We’ve, , , Lisa Pierce, Patrick Blacklock, ” Pierce, Will McKeon, White, ” McKeon Organizations: CNN, Verizon, Old Telephone Service, landlines, UK, Consumers, California Public Utilities Commission, Gartner, California, Federal Communications Commission, Forrester Research Locations: California, France, California ”, United States, Pennsylvania, Rural County
A federal bank that finances projects overseas is set to vote on Thursday on whether to use taxpayer dollars to help drill oil and gas wells in Bahrain, a contentious decision that prompted two of the bank’s climate advisers to resign, according to people with knowledge of their decisions. The project in Bahrain is one of several controversial overseas fossil fuel projects that the Export-Import Bank of the United States is currently considering. The two advisers, who sit on an 18-person board that President Biden created to help the bank take climate change into account when making investments, resigned last week after a meeting about the Bahrain project, according to five current and former bank officials, who spoke on the condition that they not be identified because they were not authorized to discuss internal deliberations. They described mounting frustration among climate advisory board members, who say they are being kept in the dark about upcoming fossil fuel loans and blocked from making recommendations about whether to approve or even modify a particular project.
Persons: Biden Organizations: Export, Import Bank Locations: Bahrain, United States
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