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☆ Why Black men's job situation is worse than it looks
▼ + stars: | 2024-08-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +10 min

That means that the tens of thousands of Black men who are incarcerated aren't being included in these calculations, effectively boosting the Black male employment rate. As of July, the BLS estimated a there were 16.2 million US Black men in the noninstitutional population, compared to 18.8 million Black women. AdvertisementThe bottom line: If the survey data had a more complete picture of Black men, Holzer said the Black male employment rate would likely be "considerably worse." Education differences and discrimination can work against Black menEducation is one factor that can help explain the lower employment rate of Black men, Wilson said. A strong job market and workforce development programs could drive progressThere are several things that might help get more Black men into the workforce.

Persons: —, there's, it's, Harry Holzer, aren't, Holzer, Valerie Wilson, Wilson, Jared, Black, didn't, weren't, " Holzer Organizations: Service, Business, Georgetown University, US Department of Labor, Pew, BLS, Black, University of California, University of Chicago, BI, Harvard, Stanford, Initiative Locations: Berkeley

☆ Markets are now wondering whether the Fed might cut by half a point in September
▼ + stars: | 2024-08-23 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Traders continued to price in a greater likelihood that the Fed will kick off what is expected to be a protracted easing campaign in September with a quarter percentage point, or 25 basis point, reduction. "My base-case scenario is that we are on a journey of 25 basis point cuts, probably for the next eight meetings, a couple hundred basis points cumulative," economist Paul McCulley said on CNBC's " Squawk on the Street ." "But if we see weaker growth, and particularly weaker jobs, then I think we could have a bit of front-loading and start the process with 50 basis point cuts." That, among other vows to support the economy now that inflation has waned, provided some indication that a 50 basis point move is at least on the table. Markets expect the central bank to knock off a full percentage point this year and at least that much in 2025.

Persons: Jerome Powell, Paul McCulley, Powell, Joseph LaVorgna, you've, Raphael Bostic, Bostic, Rick Rieder, Goolsbee Organizations: Federal, Traders, CME, Cornell, Georgetown, Fed, Nikko Securities, CNBC, Federal Reserve Bank of Chicago Locations: Powell's, Jackson Hole , Wyoming, Atlanta, Chicago

☆ Fed Chair Powell gave a 'marvelous' speech at Jackson Hole, says Georgetown's McCulley
▼ + stars: | 2024-08-23 | 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 Chair Powell gave a 'marvelous' speech at Jackson Hole, says Georgetown's McCulleyPaul McCulley, former PIMCO chief economist and Georgetown adjunct professor, and CNBC's Michael Santoli join 'Squawk on the Street' to discuss Fed chair Powell's speech at Jackson Hole, the market's expectations for rate cuts this year, and more.

Persons: Powell, Jackson, Georgetown's McCulley Paul McCulley, CNBC's Michael Santoli Locations: Georgetown

☆ Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says
▼ + stars: | 2024-08-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Russia's population could shrink by half by the end of the century, an Atlantic Council report says. A shrinking population threatens Russia's economy and could result in worker shortages and low growth. Go to newsletter preferences Thanks for signing up! AdvertisementRussia's economy has a dire demographic problem on its hands, and the nation could see its population slashed in half by the end of the century, an Atlantic Council report says. The report from the Washington, DC, think tank — written by Harley Balzer, a professor emeritus at Georgetown University — points to Russia's long-running population decline.

Persons: —, Harley Balzer, Georgetown University — Organizations: Atlantic, Service, Georgetown University, Bank, Business Locations: Russia, Ukraine, Washington, DC

☆ Sean Grayson’s fatal shooting of Sonya Massey highlights risky practice of hiring ‘wandering officers’
▼ + stars: | 2024-08-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +20 min

The suspension of former Sangamon County Sheriff’s Deputy Sean Grayson’s law enforcement certificate came only after he was fired and charged with murder. Sean Grayson, a deputy with the Sangamon County Sheriff’s Office, faces multiple charges in the shooting death of Sonya Massey. ‘We can’t have you in our uniform’Grayson worked at six Illinois law enforcement agencies over a four-year period. Then he started working full time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. The union representing Illinois law enforcement officers said it will not challenge Grayson’s termination.

Persons: Sonya Massey, Sean Grayson’s, Grayson, Massey, “, they’ve, ”, Christy Lopez, Obama, Lopez, “ It’s, ” Lopez, Sean Grayson, It’s, CNN Grayson, Daniel Fultz, Jack Campbell, ” “ Grayson, ” Campbell, ” Grayson, Campbell, Brian Grisham, Bryce Dubee, “ Sean P, Kincaid, KSHB, ” Grisham, Grayson “, Logan, admonishing Grayson, “ I’m, George Floyd, Derek Chauvin, Floyd, Chauvin, Michael Brown, Ferguson, –, it’s, Barack Obama’s, ” Laurie Robinson, ” Decertification, Grisham, “ We’ve, Holly Yan, Bill Kirkos, Amanda Musa, Andy Rose, Chris Boyette, Brad Parks, Dakin Andone Organizations: CNN, Army, International Association of Chiefs, Police, Georgetown University, US Justice Department, Illinois, US Army, Department of Defense, Kincaid Police Department, KSHB, International Association of, DOD, Board, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Sangamon County Sheriff’s, of Police Labor Council, George Floyd Justice, Minneapolis Police, Internal Affairs, Ferguson Police Department, Justice Department, George Mason University, Peace, Yale Law, “ Police Locations: Illinois, Sangamon County, Sangamon, Fort Riley, Kansas, Macoupin, Logan, Logan County, Missouri, Ferguson, St, Louis County, “, California , Massachusetts, Minnesota , Tennessee , New York , New Jersey, Texas

☆ 2 renowned strategists say the US should defend Taiwan with nuclear strikes. Experts say such talk is just a taste of what's to come.
▼ + stars: | 2024-08-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

The US once floated nuclear retaliation in 1958 if China invaded Taiwan, and stationed nuclear weapons on the island until 1974. It would essentially tell Beijing that an invasion of the island risks nuclear war, he said. "What's the benefit of reassuring Xi that our nuclear weapons are not relevant?" "So relatively low-yield nuclear weapons could destroy that amphibious force and do little to no collateral damage onshore in Taiwan." He added that threatening war — much less nuclear war — over Taiwan would be deeply unpopular at home.

Persons: —, David Kearn, Kearn, — he'd, Greg Weaver, Weaver, Obama, Matthew Kroenig, James Acton, Greg, Matt, Kroenig, Lyle Goldstein, Goldstein, we're, Acton, Francesca Giovannini, Giovannini, Xi Jinping, Xi, It's, Marshall Billingslea, Billingslea, Rebeccah Heinrichs, Jake Werner Organizations: Service, John's, Atlantic Council, Pentagon, Business, RAND, US Defense, Joint Chiefs of Staff, Defense Department, Nuclear, Carnegie Endowment, International, China Initiative, Brown University, International Peace, Harvard University's Kennedy, Georgetown University, US State Department, Hudson, Keystone Defense Initiative, Kroenig, East Asia, Quincy Institute, Responsible, Johns University Locations: St, Taiwan, China, Beijing, Washington, Korea, Japan, Taiwan Strait, Washington , DC, Guam, South China, Russia, United States, Bejing, South Korea

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

☆ Secret Service detains man for incident involving security detail for Harris’ stepdaughter
▼ + stars: | 2024-07-31 | by ( Betsy Klein | ) edition.cnn.com time to read: +1 min

CNN —The US Secret Service protective detail of Vice President Kamala Harris’ stepdaughter Ella Emhoff was involved in an incident Tuesday in which a man caused damage to two of her protective detail’s vehicles in New York City. The man was detained by USSS with New York authorities putting him in police custody. “Secret Service Agents quickly detained the individual until local authorities arrived and placed the individual into police custody,” Byrne said. “At no point was any protectee in danger as a result of this incident.”Spokespeople for the vice president and second gentleman did not immediately respond to CNN’s request for comment. It’s not the first incident involving a USSS protectee’s vehicle.

Persons: Kamala Harris ’, Ella Emhoff, ”, James Byrne, Donald Trump –, Kimberly Cheatle, ” Byrne, “, ” Spokespeople, It’s, Joe Biden’s, Naomi Organizations: CNN, Service, United States Secret Locations: New York City, “, Manhattan, New York, Georgetown

☆ Most Americans are tuning into political news after a month that rocked the 2024 campaign. Here’s what they’re hearing
▼ + stars: | 2024-07-30 | by ( Jennifer Agiesta | Ariel Edwards-Levy | ) edition.cnn.com time to read: +7 min

In initial data from late June and through July, about 8 in 10 Americans said each week that they’d read or heard at least something about Biden or Trump, respectively. But the focus had shifted away from his criminal conviction: first to his debate against Biden, and then to the assassination attempt against him. By contrast, two more standard campaign milestones – the Republican National Convention and Trump’s selection of a running mate – drew less public attention. The Breakthrough survey project will run throughout the 2024 campaign, tracking the things Americans say they read, hear and see about the candidates. Looking at the trend over time shows a sharp divergence between the conversations around Trump and Biden following the presidential debate.

Persons: Donald Trump, Joe Biden, Kamala Harris, SSRS, Trump, Trump –, –, Harris, Biden, they’d, Robert F, Kennedy, Jr, Hillary, ’, CNN’s Dana Elobaid Organizations: CNN, Trump, Democratic, Georgetown University, University of Michigan, Biden, “, Republican National Convention, Heritage Foundation, Republicans, s3mc.org, Biden’s

☆ Venezuelans have seen this movie before, but Maduro should beware. This time, the ending could be different
▼ + stars: | 2024-07-30 | by ( Rafael Romo | ) edition.cnn.com time to read: +8 min

The month before, President Nicolás Maduro had declared a “constitutional state of emergency.”Julio Borges, in a photograph taken by CNN's Rafael Romo on June 9, 2016. Maduro, now 61, is a former bus driver who became a Caracas metro system union leader and rose through the ranks. In January of that year, Juan Guaidó, then president of the National Assembly, had proclaimed himself interim president of Venezuela. Supporters of Venezuelan opposition leader Juan Guaido scuffle with members of the Bolivarian National Police during a protest against the government of President Nicolas Maduro in Caracas on November 18, 2019. The Venezuelan opposition political party Voluntad Popular said Tuesday that its leader Freddy Superlano has been kidnapped.

Persons: “, Caracas Osmary Hernández, Julio Borges, colectivos, Nicolás Maduro, ” Julio Borges, CNN's Rafael Romo, Rafael Romo, Hugo Chávez, Juan Guaidó, Guaidó, Juan Guaido, Nicolas Maduro, Yuri Cortez, María Corina Machado, Machado, Chávez, Edilzon Gamez, ”, Michael, ‘, would’ve, Maduro, they’ve, Edmundo González, Jorge Fernando “ Tuto ” Quiroga, ” Quiroga, Edmundo, González, could’ve, Popular, Freddy Superlano Organizations: CNN, National Assembly, Caracas Osmary, Electoral Council, Bolivarian National Police, Getty, Bolivian Embassy, Inter, Georgetown University, Venezuela’s CNE, Venezuelan, Foro Locations: Caracas, Venezuela, Maduro, United States, AFP, North Macedonia, Bolivian

☆ The methodology behind The Breakthrough polling project
▼ + stars: | 2024-07-30 | by ( Jennifer Agiesta | ) edition.cnn.com time to read: +3 min

CNN —The Breakthrough is a project from CNN, Georgetown University, the University of Michigan, SSRS and Verasight. Each week, 1,000 Americans are asked to share what they have seen, read or heard about major presidential candidates in their own words. Results from the two surveys are combined using SSRS’s Encipher Hybrid methodology for blending probability and non-probability samples. Respondents have also been asked the same question about Biden since the start of the project. To develop topics, topic words are manually identified and augmented with words and topics identified using a combination of Noiseless Latent Dirichlet Allocation (NLDA) and Guided Topic-Noise Model (GTM).

Persons: Joe Biden, Donald Trump, Kamala Harris, Robert F, Kennedy, Jr, Harris, Biden, Lisa Singh, Josh Pasek, Michael Traugott, Budak, RoBERTa pretrained, Jennifer Agiesta, Ariel Edwards, Levy, Edward Wu, Dana Elobaid, Le Bao, Yanchen Wang, Mohamed Ahmed, Akilah Evans, Hope Wilson, Cameron McPhee, Peter K, Enns, Gretchen Streett, Amelia Goranson, Jake Rothschild Organizations: CNN, Georgetown University, University of Michigan, Massive Data, Technical, Science Locations: Verasight

☆ A doll, old letters and house keys: How displaced Palestinians are holding onto identity
▼ + stars: | 2024-07-27 | by ( Billy Stockwell | Sana Noor Haq | ) edition.cnn.com time to read: +14 min

“I cried for my area, my house, and everything around me,” Al-Hasanat told CNN in June. Several Palestinians told CNN they could take only their most significant personal items on long and hazardous journeys of displacement. Israeli strikes destroyed several of the university’s buildings in the early days of the war, Palestinian news agency WAFA reported. Students told CNN days spent on campus have been replaced by repeated displacement and bloodshed. Courtesy Raghad Ezzat HamoudaWith no end to the war in sight, other Palestinians told CNN they have held onto their house keys as a reminder of home.

Persons: Ahmed Al, Hasanat, Al, ” Al, “ Ayten, Dad, ’, ‘, ’ ”, Khan Younis, Ahmad Salem, “, ” Ahmed Al, Fadi Adwan, WAFA, ”, Haya Ismail, Refaat Alareer, Ismail, Dina, Dr, ” Ismail, Fadi, Rochelle Davis, –, Adwan, Ezzat Hamouda, Hamouda, Tamam –, Raghad Ezzat, Scott Webster, Israel, Davis, Samah, Ayten Organizations: CNN, United Nations, Bloomberg, Getty Images Israel, Hamas, Ministry of Health, Islamic, of Gaza, UN, Ministry of Education, Higher, Students, Georgetown University, “, Palestine, IDF, Government Media Office, Museum of, Palestinian, University of Sydney, Amnesty, Getty, Shifa, UNICEF, Government Media, Palestinian Ministry of Health, West Bank Locations: Gaza, Al, Mughraqa, Palestine, Israel, Palestinian, Rafah, Gaza City, Deir Al, Beit Lahia, Ramallah

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ These 10 U.S. states are America's least-prepared for climate change and extreme weather
▼ + stars: | 2024-07-26 | by ( Scott Cohn | ) www.cnbc.com time to read: +13 min

In 2021, Maryland adopted a ten-year Climate Adaptation Resilience Framework aimed at making the state's infrastructure more sustainable by 2030. 2024 Infrastructure Score: 230 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 100% Renewable Energy: 14% 9. 2024 Infrastructure Score: 235 out of 425 points (Top States Grade: B) Climate Extremes Index: 62.44% Properties at risk: 54% Renewable Energy: 4% 5. 2024 Infrastructure Score: 246 out of 425 points (Top States Score: B+) Climate Extremes Index: 39.82% Properties at risk: 14% Renewable Energy: 5% 4. 2024 Infrastructure Score: 179 out of 425 points (Top States Grade: D+) Climate Extremes Index: 48.6% Properties at risk: 100% Renewable Energy: 6% 1.

Persons: There's, Jeremy Porter, Maria Lehman, Governor Moore, Sarah L, Voisin, Ming Li, Wes Moore, Baltimore's Francis Scott Key, Kevin Dietsch, Danielle Villasana, Joseph Prezioso, Pennsylvania Al Walker, Audrey, Jeff Swensen, Drew Koch, Zbigniew Bzdak, Aaron Wilson, Joe Biden, Lady Jill Biden, Peter Zay, Winter Storm Lorraine, Anibal Martel, Louisiana Farmer Chad Hanks, Justin Sullivan, John Bel Edwards, Jeff Landry, Lokman Organizations: NOAA National Centers for Environmental, First Street Foundation, U.S, Infrastructure, American Society of Civil Engineers, Companies, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Maryland, Preparedness, Washington Post, University of Maryland Center, Environmental, Gov, Energy, Delaware Contractors, Army Corp of Engineers, Texas, Lone Star State, Climate Center, Georgetown University, The, New, New Hampshire Workers, AFP, Getty, Environmental Protection Agency, University of New, Pennsylvania, Grow, Keystone, Pennsylvania Department of Environmental, Chicago Tribune, The Buckeye State, Mississippi Residents, Anadolu, Connecticut Municipal, Winter, Constitution, Connecticut Department of Public Health, Louisiana, NOAA, Task Force, Republican Gov Locations: U.S, States, , Maryland, Silver, Maryland, Montgomery, Chesapeake, Bethany Beach , Delaware, Delaware, Houston , Texas, , Texas, The Texas, New Hampshire, Nashua , New Hampshire, University of New Hampshire, Grow Pittsburgh, Braddock , Pennsylvania, Pittsburgh, Midwest, Ohio, Sandusky, Lake Erie, Erie, Mississippi, Rolling, United States, Connecticut, Hartford Area , Connecticut, Kaplan , Louisiana, Louisiana, Jersey, Lodi , New Jersey

☆ How Doug Emhoff is amplifying his wife’s historic presidential bid
▼ + stars: | 2024-07-26 | by ( Betsy Klein | ) edition.cnn.com time to read: +9 min

CNN —Confronted with a barrage of negative social media posts from former President Donald Trump aimed at his wife, second gentleman Doug Emhoff eschewed machismo or defensiveness. “That’s all he got?” he said Tuesday of the attacks on Vice President Kamala Harris, the new and historic presumptive Democratic presidential nominee. And Monday, he leaned into a cheerleader role as he introduced the vice president at her Wilmington, Delaware, campaign headquarters. So I think that gives you a fairly good indication of if he now would move into a precedent-setting first gentleman role,” McBride said. “This first gentleman role is being a supportive spouse and understanding better than anyone the administration’s goals and how to go about best achieving that,” she said.

Persons: CNN —, Donald Trump, Doug Emhoff, “, ”, Kamala Harris, Harris, Emhoff, Harris ’, Anita McBride, Laura Bush, Jill Biden, he’ll, David Letterman, Seth Schuster, He’s, Joe Biden, Dobbs, –, ” Emhoff, hyping, you’re, it’s, Kamala, that’s, “ He’s, Capricia Marshall, Obama, Clinton, shirk, ” Marshall, CNN’s Dana Bash, I’m, Bash, ” McBride, Marshall, CNN’s Arlette Saenz, Jeff Zeleny Organizations: CNN, Democratic, Georgetown Law, –, Jewish Democratic Council of America, Jewish, White, House Locations: England, Yarmouth , Maine, Nantucket, Vineyard , Massachusetts, Paris, Wausau, Stevens Point , Wisconsin, McLean , Virginia, Wilmington , Delaware, United States, United States of America, Israel

☆ Trump 2.0 could go 'nuclear' on China trade, while economists say Harris would remain tough
▼ + stars: | 2024-07-24 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

According to Prasad and other experts, Harris' approach to China would likely be similar to that of Biden. Trump's biggest diversion from Biden-era trade policy would likely be tariffs levied on China. The Trump administration reached a "phase one trade deal" with China in 2019, but few terms were honored and subsequent phases never materialized. Tech warwatch nowThe Biden administration also announced rules limiting U.S. investment in Chinese firms developing sensitive technologies, citing national security concerns. She said channels for the two countries to discuss policy issues decreased significantly during the Trump administration, whereas the Biden administration emphasized its diplomatic engagement efforts.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Joe Biden, Eswar Prasad, Kamala Harris, Biden, Prasad, Harris, Biden —, Stephen Weymouth, Economist Stephen Roach, William Reinsch, Scholl, Reinsch, JD Vance, Arthur Dong, Chris Miller, Miller, Rorry Daniels Organizations: Van, Getty, House, CNBC, U.S, Cornell University, Trump, International Monetary, Georgetown University, Economist, Center for Strategic, International Studies, Beijing, Georgetown, Tech, Asia Society Policy Institute Locations: Grand Rapids , Michigan, China, Beijing, Ohio, Washington, U.S, Japan, Netherlands

☆ A millennial who's been looking for a job for over 4 years says his degrees have offered little value: 'I can't get anything even at minimum wage'
▼ + stars: | 2024-07-24 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

He's even expanded his job search to restaurant and retail jobs — e.g. AdvertisementHesmondhalgh shared why he thinks his job search has been so challenging and what he plans to do moving forward. AdvertisementIdeally, he'd land a job in journalism — the field he has two degrees in. He thinks he's struggled to land journalism roles because most of the positions he's looked at require three to five years of formal newsroom experience, and he doesn't have that. Going forward, Hesmondhalgh said he plans to continue his job search for as long as necessary.

Persons: —, Roland Hesmondhalgh, He's, Hesmondhalgh, hasn't, he's, it's, he'll Organizations: Service, Florida Institute of Technology, Business, Georgetown, Bureau of Labor Statistics, Supreme, US Capitol Locations: Virginia, Washington, DC, Arlington , Virginia

☆ I graduated from Georgetown in the 1970s. I'm glad my 3 kids all went to university in Italy instead.
▼ + stars: | 2024-07-24 | by ( Lisa Diletti | ) www.businessinsider.com time to read: +6 min

Choosing the right college for my kidsNaturally, I often wished my three kids would have as life-changing a university experience as I had. All three of my kids opted for university in ItalyThe author's kids in 2016 in Florence, where they all opted to attend university. This made opting for a university in Italy a natural choice, and not just because of the affordability. AdvertisementThe year all three were in university simultaneously, the cost of tuition, rent, and meals for all kids totaled $60k. But that changed again when two of the kids moved back to Florence in 2023, and Fabio and I decided to follow.

Persons: —, Duke Ellington's, Fabio, Lisa Diletti, Polimoda, Florence, I'm Organizations: Service, Georgetown University, Business, Florence University of the Arts, — Locations: Washington , DC, Virginia, Italy, Florence, Italian, Europe, Northern Virginia, Minneapolis

☆ DEI, explained: What’s the term Republicans are using to attack Kamala Harris?
▼ + stars: | 2024-07-24 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +14 min

Critics say DEI programs are discriminatory and attempt to solve racial discrimination by disadvantaging other groups, particularly White Americans. These diversity training efforts emerged around the time that affirmative action began by executive order from President John F. Kennedy. Despite the backlash against DEI programs and initiatives, many companies are standing firm in their support for DEI. And 71% of people surveyed said they think DEI training is important to “creating a positive workplace culture.”What does DEI look like at work? Thrivent’s DEI training teaches employees how to understand and bridge cultural differences in the workplace, Baker said.

Persons: Kamala Harris, Tim Burchett, CNN’s Manu Raju, Joe Biden, Harris, ” Burchett, CNN’s Wolf Blitzer, Susan Rice, “, ” Rice, didn’t, Bill Ackman, Elon Musk, it’s, Daniel Oppong, ”, Lyndon Baines Johnson, George Floyd’s, Dominique Hollins, WĒ360, John F, Kennedy, Ronald Reagan, Hollins, ” Hollins, Ipsos, ” Kelly Baker, Thrivent’s, Baker, Thrivent, ” Baker, Ella Washington, ” Washington, Washington, Christopher Rufo, Ryan P, Williams, ‘, ” Williams, Tesla, ” Musk, Musk, Mark Cuban, ” What’s, Ron DeSantis, Republican State Sen, Dave Murman, Sen, Danielle Conrad, ” Conrad, ” CNN’s Athena Jones Organizations: CNN, Democratic, Tennessee Republican, Chronicle, Higher Education, Pew Research Center, Elon, White, Equity, Civil, DEI, Opportunity Commission, Academy of Management Learning, Education, Colleges, Minneapolis police, Companies, College, University of Florida, of Governors, Georgetown University’s McDonough School of Business, Georgetown’s, Student Equity, Disability, Center, Women’s Center, Resource Center, Center for Multicultural Equity, “, Manhattan Institute, New York Times, Claremont Institute, SpaceX, Musk, SEC, Dallas Mavericks, Florida Gov, Higher, Republican State, Nebraska, Nebraska Democratic Locations: Black, Texas, Florida, U.S, Washington, America, ” Cuban, Texas, North Dakota, North Carolina , Tennessee, Utah, Nebraska

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☆ The global tech outage showed how we’re just one mistake away from chaos
▼ + stars: | 2024-07-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.

Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, ”, Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York

☆ A Fabled Washington Home, Kept Empty by a 22-Year Battle
▼ + stars: | 2024-07-23 | by ( Elizabeth Williamson | ) www.nytimes.com time to read: +1 min

President-elect John F. Kennedy was there for dinner the night before his inauguration. “It was a special place to grow up,” said Donald Graham, a former publisher of The Washington Post, remembering his childhood home. After she died in 2001 her estate sold the home to Mark Ein, a venture capitalist and philanthropist who owns Washington City Paper and has a stake in the city’s N.F.L. Mr. Ein, then a bachelor, had no plans to entertain in Mrs. Graham’s grand style and did not move in. But after he married Sally Stiebel in the home’s garden in 2013, the couple decided to raise their family there.

Persons: John F, Kennedy, Ronald Reagan, Truman Capote, Princess Diana, ”, Donald Graham, Katharine Graham, Graham’s, Philip Graham, Mark Ein, Ein, Sally Stiebel Organizations: The Washington, Beaux, Arts, The, Washington, Citi D.C Locations: Washington, Georgetown

☆ Aileen Cannon’s nuking of the Trump documents case continues her trend of embracing long-shot legal theories
▼ + stars: | 2024-07-15 | by ( Tierney Sneed | ) edition.cnn.com time to read: +8 min

She said Smith was unconstitutionally appointed as special counsel and that the funding of his office also violated the law. “It’s not just that this is an extreme argument about the Appointments Clause of the Constitution, it’s that it’s one that exactly one Supreme Court justice has endorsed and lots of precedent refutes,” said Steve Vladeck, a CNN Supreme Court analyst and professor at Georgetown University of Law. And Cannon’s opinion left open the possibility that the charges could be revived if brought by the Justice Department in a way not reliant on the current special counsel infrastructure. In other special counsel cases, defendants have not even bothered to bring the long-shot claims. The special counsel office has not yet weighed in on Cannon’s decision.

Persons: Aileen Cannon, Jack Smith’s, Donald Trump, Smith, Trump, –, It’s, ”, Steve Vladeck, Clarence Thomas, coronate Trump, Monday’s, Michael Moore, “ She’s, Moore, Obama, Clarence Thomas Just, Cannon, Thomas ’, Thomas, Robert Mueller’s, David Weiss ’, Hunter Biden, “, Justice Thomas, Mark Schnapp, it’s, ” Vladeck Organizations: CNN, Trump, CNN Supreme, Georgetown University of Law, Justice Department, Republican National Convention, House, Saturday, “ CNN, Appeals, Supreme Locations: Fort Pierce , Florida, Washington ,, South Florida, Robert Mueller’s Russia

There may be a path for Smith to revive the case, Cannon noted in her ruling, and Smith can appeal the decision. Cannon left open a potential pathway in her ruling for the classified documents case to be revived. (He is being prosecuted by a separate special counsel, David Weiss.) And during the Trump-Russia investigation, multiple Trump allies similarly attempted to derail special counsel Robert Mueller’s work. Former Attorney General Edwin Meese and Citizens United argued the same, writing that Smith’s appointment “severely undermines” the constitutional order.

Persons: Donald Trump’s, Aileen Cannon, Jack Smith, General Merrick Garland, Smith, Cannon, Trump, “, ”, ” Cannon, Garland, Bill Barr, John Durham, Smith’s, it’s, Clarence Thomas The, Clarence Thomas, Thomas ’, Thomas, John Roberts, wasn’t, ” Thomas, Steve Vladeck, Joe Biden’s, Hunter Biden, David Weiss, Robert Mueller’s, James Pearce, Cannon’s, Edwin Meese, ” “ Organizations: Washington CNN, Trump, Republican National Convention, Republican, Justice Department, Senate, United, United States Attorney, Defense, Treasury, The, Prosecutors, CNN, Georgetown University Law Center, FBI, Former, Citizens United Locations: Milwaukee, United States, California, Delaware, Russia, Virginia, Washington, DC, Mar

☆ These kinds of businesses are driving a surge in US corporate bankruptcies
▼ + stars: | 2024-07-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

In the meantime, you can stay up to date on the latest business news with CNN’s Business Nightcap newsletter. Access to credit is especially crucial for small, private businesses that aren’t able raise money through financial markets. “There were a number of programs out there to support small businesses during the depths of the pandemic, and there were relatively fewer filings than usual in 2021 and 2022.”Rising corporate bankruptcies could just reflect a lot of churn occurring in Corporate America, Jamner said. Don’t panicMost banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance, reports my colleague Jeanne Sahadi. Marianne Lake, the head of Chase Bank, told the Wall Street Journal last week that Chase might stop offering free checking and other free banking services.

Persons: It’s, ” “, Matt Rowe, Josh Jamner, Jamner, we’re, Reena Aggarwal, “, ”, Banks, Jeanne Sahadi, Marianne Lake, Chase, Jaret, Read, Goldman Sachs, Jerome Powell, Mary Daly, Morgan Stanley, Charles Schwab, Adriana Kugler, Johnson, Kinder Morgan, Tom Barkin, Lorie Logan, Michelle Bowman, John Williams, Raphael Bostic Organizations: CNN’s Business, Washington CNN —, P Global Market Intelligence, CNN, Federal Reserve Bank of Kansas, Nomura Capital Management, Consumer, Institute for Supply, P, ClearBridge Investments, ”, Corporate America, Federal, Fed, Georgetown University Psaros Center, Financial Markets, Chase Bank, Wall, TD Securities, BlackRock, San Francisco Fed, Bank of America, PNC, State, US Commerce Department, US Labor Department, National Association of Home Builders, Johnson, US Bancorp, Discover, Vegas Sands, Northern Trust, Citizens, United Airlines, National Statistics, Federal Reserve, Richmond Fed, Netflix, Novartis, Abbott Laboratories, Marsh, Blackstone, Infosys, Cintas, T Bank, Nokia, American Airlines, European Central Bank, American Express, Fifth Third Bancorp, AutoNation Locations: Federal Reserve Bank of Kansas City, Corporate, UnitedHealth, Wells Fargo, Vegas, Equifax, Northern, McLennan, Schlumberger, Haliburton

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