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☆ Drag Goes Mainstream in the Philippines, a Bastion of Christianity
▼ + stars: | 2024-06-22 | by ( Camille Elemia | Jes Aznar | ) www.nytimes.com time to read: +1 min

Before he put on the glittery neon yellow tasseled jumpsuit, donned the yellow wig, and lip synced and danced onstage under colorful spotlights, Paul Hidacan went through his preshow routine in a busy dressing room. “I grew up in my church,” said Mr. Hidacan, 21, who has attended service in cropped tops, skirts and boots, and started performing in drag last year. “I know there are some who raise their brows when they see me, but the pastors accept me.”In many places in the Philippines, drag is becoming more mainstream, and more popular. Drag queens are on fashion magazine covers, and are pitching name-brand products like MAC Cosmetics, Shell gasoline, Durex condoms and Samsung phones. Students of at least one public university recently held a drag competition.

Persons: Paul Hidacan, “, ”, Hidacan Organizations: MAC, Shell, Samsung Locations: Philippines

☆ Trump floats ‘migrant league of fighters’ in latest dehumanizing rhetoric against migrants
▼ + stars: | 2024-06-22 | by ( Kate Sullivan | ) edition.cnn.com time to read: +3 min

“I said, ‘Dana, I have an idea: Why don’t you set up a migrant league of fighters and have your regular league of fighters. And then you have the champion of your league — these are the greatest fighters in the world — fight the champion of the migrants. At his campaign rallies, he spotlights violent crimes committed by undocumented immigrants as he bashes Biden’s handling of security at the border. As president, Trump took steps to curb both illegal and legal immigration, targeting visa programs and seeking to restrict refugee resettlements. During his 2024 campaign, Trump has vowed to carry out the “largest domestic deportation operation in American history” to combat what he claims is an “invasion of our country.”

Persons: Donald Trump, ”, Dana White, “, ‘ Dana, Trump, it’s, I’ve, Joe Biden’s, Sarafina Chitika, ” Trump, White supremacists, Biden, Adolf Hitler, Mein Organizations: CNN, UFC Locations: Washington, Mexico, Ohio

☆ New science finds last summer was hottest since birth of Christ in the Northern Hemisphere
▼ + stars: | 2024-06-19 | by ( Sandie Ramirez | ) edition.cnn.com time to read: 1 min

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☆ Anti-abortion groups to Trump: Don’t water down GOP platform by removing support for federal ban
▼ + stars: | 2024-06-12 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +8 min

CNN —Anti-abortion leaders are warning Republicans not to remove a federal abortion ban from the party’s platform at next month’s GOP convention even as their presumptive nominee, Donald Trump, backs away from it. “Our expectation is that the GOP platform will continue to unequivocally call for national protections for unborn children, rooted in the 14th Amendment,” Dannenfelser told CNN in a statement. CNN has asked Trump’s campaign for comment. Trump would not be the first Republican presidential nominee to appear at odds with the party platform on abortion. He insisted, though, there’s not much daylight between the party’s platform and Trump’s latest stance.

Persons: Donald Trump, Marjorie Dannenfelser, Susan B, Anthony Pro, ” Dannenfelser, Ralph Reed, Reed, “, ”, Trump, Roe, John McCain, Mitt Romney, Carol Tobias, I’m, lifers, Wade, Dobbs, Joe Biden, “ Trump, ” Biden, Sarafina Chitika, you’re, Trump’s, Lara Trump, Michael Whatley, Randy Evans, Russell Vought, Ed Martin, Phyllis Schlafly, there’s, ” Reed Organizations: CNN, GOP, and Freedom Coalition, Washington Post, Trump, Republicans, Wade, Republican, –, Jackson, Health Organization, US, Democrats, Danbury Institute, Christian, Biden, North Carolina Republican Party, Conservative Locations: Dobbs v, Roe, Texas, Florida, Luxembourg, Milwaukee

☆ Opinion | The Day My Old Church Canceled Me Was a Very Sad Day
▼ + stars: | 2024-06-09 | by ( David French | ) www.nytimes.com time to read: +1 min

This week, the leaders of the Presbyterian Church in America will gather in Richmond, Va., for their annual General Assembly. The Presbyterian Church in America is a small, theologically conservative Christian denomination that was my family’s church home for more than 15 years. I am now deemed too divisive to speak to a gathering of Christians who share my faith. I was scheduled to speak about the challenges of dealing with toxic polarization, but I was considered too polarizing. There were misleading essays, vicious tweets, letters and even a parody song directed at the denomination and at me.

Persons: I’ve Organizations: Presbyterian Church, General Assembly Locations: America, Richmond , Va

☆ Celibacy Is Having a Moment. Embrace It. - The New York Times
▼ + stars: | 2024-06-02 | by ( B.D. Mcclay | ) www.nytimes.com time to read: +2 min

In his first letter to the Corinthians, the apostle Paul issues one of Christianity’s better-known if lesser-observed dictates: It’s best to remain unmarried, full stop. But, he continues, if people “cannot control themselves, they should marry, for it is better to marry than to burn with passion.”The message was clear: Celibacy is best; marriage is a concession. But as the centuries progressed this hierarchy collapsed, first in Christianity and then in the broader secular world. Yet celibacy — by which I mean deliberately going without sex — persistently returns to the public conversation. Much of the current vogue for celibacy is not driven by a desire to discipline the flesh but by disgust with the digital-age dating scene.

Persons: Paul, ”, they’re, Bumble, Lenny Kravitz, Julia Fox’s, Lady Gaga

☆ Rare Hermès Birkin Bags Are up for Auction and May Fetch Over $100,000
▼ + stars: | 2024-06-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewIf you're in the market for a Hermès bag that doubles as a doll house, you're in luck — as long as you have $100,000 or so to spare. A new Birkin bag starts at about $10,000 and can cost well into the six figures depending on material, size, and rarity. Since 2022, Hermès bags sold at Christie's auctions have gone for an average of 141% of the lowest estimated price, Christie's said. "Hermès Birkin and Kelly bags, especially the Faubourg bag, for example, are iconic symbols of luxury and status, coveted by collectors worldwide." Courtesy of Christie'sAs the auction demonstrates, luxury handbags — particularly those made by tightly controlled brands like Hermès — are increasingly worthy investments.

Persons: —, Christie's, Birkin —, handmake, Hitha Herzog, Hermès, Faubourg Birkin, Birkin, Nicole Pollard Bayme, Hermès Birkin, Kelly, Chanel, Alexis Clarbour, Louis Vuitton, Yayoi, Dior, Loewe, Roger Vivier Organizations: Service, Business, Rue du Faubourg Saint, Deloitte, Credit Suisse, Madison Avenue Couture Locations: Birkins, Rue, Paris, retails

☆ ‘Appeal to Heaven’ flag meaning: A closer look at the flag flown outside Alito’s house
▼ + stars: | 2024-05-31 | by ( Aj Willingham | ) edition.cnn.com time to read: +8 min

Like many flags and historical symbols, the Appeal to Heaven flag has multiple meanings and has been used in differing capacities. What is ‘An Appeal to Heaven?’The Appeal to Heaven flag, or “Pine Tree” flag, features a green pine tree on a white field, with the words “An Appeal to Heaven” in black text above it. The pine tree retained this meaning of resistance, and has appeared on some state flags and seals. However, the polarizing recent history of the Appeal to Heaven flag is starting to become known. This week, the city of San Francisco made the decision to remove an “Appeal to Heaven” flag that flew alongside several other flags over City Hall.

Persons: Samuel Alito, Mike Johnson’s, George Washington’s, Alito, Johnson, ”, John Locke’s “, Donald Trump, Trump, Carolyn Kaster, Jemar Tisby, Tisby, Barack Obama’s, Sheets, “ It’s, it’s, ” Sheets, “ There’s, Mike Johnson, CArlos Barria, George Washington, “, ” Alito, San Francisco, Daniel Montez, Josh Du Lac Organizations: CNN, American, Continental Army, Trump, Simmons College, Tea Party, Republican, Christian, Associated Press, ’, City, Francisco Recreation, Parks Locations: New Jersey, Massachusetts, San Francisco’s, British, New England, Washington ,, Kentucky, Gadsden, Ohio, San, Francisco

☆ Right-wing media company Salem apologizes, stops distributing 2020 election conspiracy film ‘2000 Mules’ after lawsuit
▼ + stars: | 2024-05-31 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

“It was never our intent that the publication of the 2000 Mules film and book would harm Mr. Andrews,” Salem said in a Friday statement. In the aftermath of the 2020 election, Trump’s media allies promoted false claims that the election had been stolen by then-candidate Joe Biden. Those election lies, however, have led to legal consequences for outlets that promoted the claims, with right-wing media companies facing a slew of costly lawsuits stemming from their coverage of the 2020 election. Last month, the pro-Trump network One America News settled a lawsuit brought by voting technology company Smartmatic over the outlet’s promotion of lies about the 2020 election. And last year, Fox News settled a historic $787 million defamation lawsuit filed by election company Dominion Voting Systems.

Persons: CNN —, Mark Andrews, ”, Dinesh D’Souza, Andrews, Donald Trump, Mr, ” Salem, “, Salem, Charlie Kirk, Sebastian Gorka, D’Souza, Joe Biden Organizations: CNN, CNN — Salem Media Group, Protect Democracy, Trump, Georgia Bureau of Investigation, Republican Party, News, Fox News, Voting Systems Locations: Georgia, Salem, Salem . Salem

☆ Ransomware Group Claims Responsibility for Christie’s Hack
▼ + stars: | 2024-05-27 | by ( Zachary Small | ) www.nytimes.com time to read: +1 min

In a post on the dark web on Monday, the group claimed that it had gained access to sensitive information about the world’s wealthiest art collectors, posting only a few examples of names and birthdays. It was not immediately possible to verify RansomHub’s claims, but several cybersecurity experts said they were a known ransomware operation and that the claim was plausible. Nor was it clear if the hackers had gained access to more sensitive information, including financial data and client addresses. The group said it would release the data, posting a countdown timer that would reach zero by the end of May. “We attempted to come to a reasonable resolution with them but they ceased communication midway through,” the hackers wrote in their dark web post, which was reviewed by a New York Times reporter.

Persons: Edward Lewine, “, Christie’s, ” Organizations: New York Times Locations: Christie’s, GDPR

☆ I used a fake name on my résumé to land a job. It might have helped, but it felt like I lost a core part of myself.
▼ + stars: | 2024-05-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

In 2007, I added an English-sounding name to my résumé in the hopes that it could help me land a job. AdvertisementToward the end of my college experience, I started preparing to get a job in petroleum engineering. AdvertisementOver time, I began to transition back to using Mukhtar. A Nigerian colleague who was like a mentor to me started using my real name. Since Arabic is widely spoken in the Middle East, I would introduce myself to new people as Mukhtar, not Mark.

Persons: —, Mukhtar Kadiri, Mukhtar, I've, Mark, Mukhtar —, I'd, Mark —, I'm Organizations: Service, Business, Texas Tech University, Employers Locations: Toronto, Edo State, Nigeria, Oman, UAE, US, Canada

☆ 50 Cent has been trolling Diddy mercilessly. Here’s the history of the beef between them
▼ + stars: | 2024-05-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —There is no love lost between hip-hop moguls 50 Cent and Sean “Diddy” Combs. CNN has reached out to representatives for 50 Cent and Netflix for comment. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on March 25, 2024. Earlier this month, he released a song titled “Pick a Side” in support of his father and taking aim at critics like 50 Cent. Gareth Cattermole/Getty Images“All that gossip sh*t is whack when all they had was 50 Cent / Who put this city on the map?

Persons: Sean “ Diddy ” Combs, Combs, Cassie Ventura, Christopher Wallace, Wallace, “, Tupac Shakur, Ventura, Sean, Diddy, ” Diddy, ” Combs, he’s, that’s, Christian Combs, King Combs, Justin, Aaron Dyer, ” King Combs, King, Gareth Cattermole, ”, “ I’m Organizations: CNN, Netflix, Department of Homeland Security Investigations, Hamptons, KCBS, Billboard Locations: Los Angeles, New York, Miami

☆ I work in the unpredictable film industry so I started blogging as a side hustle. Now it supports me fully — here's how I built it.
▼ + stars: | 2024-05-21 | by ( Elle Hardy | ) www.businessinsider.com time to read: +6 min

I could be on a three-month film set or a nine-month series set and then go months without a call. I started working on YouTube thumbnails and event flyers for the music industry. For example, a friend helped repair my dishwasher, so I put together "gift ideas for makers and tinkers." AdvertisementI started posting in groups and asking for gift ideas to write blog posts about. It's not money I would make on a film set, but it was something.

Persons: —, Ana Julia Gomes, I've, John Wick, Jessica Jones, It's, I'm, DINK Organizations: Service, Business, Constellation, Apple, DJ, WordPress, Facebook Locations: Berlin, Cuba, Miami, New York City

☆ DR Congo: Americans involved in foiled deadly coup, military says
▼ + stars: | 2024-05-20 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

CNN —American citizens were involved in an attempted coup d’état that left at least three people dead on Sunday in the Democratic Republic of Congo, a military spokesperson told CNN Monday. Malanga was killed in a gun battle between the armed putschists and the presidential guards, Ekenge said. Videos widely shared on social media, but not verified by CNN, showed a man with a bloody face being surrounded by Congolese military personnel. Sunday’s incident was the second coup attempt by the now deceased Malanga, a former Congolese military veteran, Ekenge told CNN. The African Union condemned Sunday’s coup attempt in the DRC and welcomed the “control of the situation” by the country’s security forces.

Persons: d’état, Vital Kamerhe, Christian Malanga, General Sylvain Ekenge, Malanga, Ekenge, “, ” Ekenge, Marcel, Benjamin Reuben Zalman, Polun, Patrick Ducey, Taylor Thomson, “ Patrick Ducey, Lucy Tamlyn, ”, Felix Tshisekedi, Kamerhe’s, Sunday’s Organizations: CNN, Democratic, Palais, Nation, Congolese, United Congolese Party, Reuters, World Bank, Central, African Union Locations: Democratic Republic of Congo, DRC, Congolese, Kinshasa, Africa, Gabon

☆ After a gunman tried to shoot him, this Pennsylvania pastor wants to make his church safer
▼ + stars: | 2024-05-19 | by ( Christina Maxouris | ) edition.cnn.com time to read: +12 min

Germany, a full-time bus driver and full-time pastor, knows how important this church is to its community. And now, it seems there’s another critical expense, though one this small church hardly could afford: security. Now, Germany wants to hire security experts to assess his church’s vulnerability and see how they can secure it. Pastor Glenn Germany in an undated image in his church in Pennsylvania. And it’s really dangerous.”In Tennessee, Lori Morrison has long been talking about the importance of church security, on both her website and her podcast.

Persons: Glenn Germany, It’s, ”, Chuck Schumer, Pastor Glenn Germany, Kevin Nelson’s, televangelist Joel Osteen, Nelson, I’m, ” Nelson, Schumer, Donell, what’s, “, Charlie Cytron, Walker, Beth Israel, Bishop Vashti Murphy McKenzie, Christ, McKenzie, it’s, Schumer’s, ” Schumer, Pastor Kevin Nelson, Rico Reed, ” Reed, Lori Morrison, Morrison, there’s Organizations: CNN, Police, Kevin Nelson’s Calvary Baptist Church, Lakewood Church, Calvary Baptist, Baptist, Calvary, Training, Beth, National Council of, Jewish, FEMA, New, Calvary Baptist Church . Calvary Baptist Church, SecureTek Service, Inc Locations: Pennsylvania, Germany, North Braddock, Pittsburgh, Louisiana, Lakewood, Houston, ” Germany, San Antonio, Nelson’s, Sutherland Springs, Maryland, Baltimore, …, Texas, USA, New York, Calvary Baptist Church . Calvary Baptist Church Florida, In Tennessee, ”

☆ Dover Castle: Soldier graffiti found on tower door in ‘astonishing discovery’
▼ + stars: | 2024-05-17 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +3 min

CNN —More than 50 etchings from soldiers have been discovered on an English castle door in an “astonishing discovery,” including graffiti of what could depict the French emperor Napoleon Bonaparte being hanged. The door was only recently discovered in Dover Castle, in southeast England, charity English Heritage said in a press statement Wednesday. The graffiti on the door is thought to have been created by soldiers living inside the castle between 1789 and 1855. English Heritage suggests that, with hours to kill and “questionable artistic talents,” the soldiers may have whittled into the door to simultaneously whittle away the time. Three significant dates are also inscribed onto the door, English Heritage said: 1789, the year of the French Revolution; 1798, a period of rebuilding in Dover Castle; and 1855, when changes were planned to St. John’s Tower.

Persons: Napoleon Bonaparte, St, whittle, Jim Holden, Napoleon, Helena, Hopper, Hooper, ’ Paul Pattison, ” Pattison, ” Organizations: CNN, Heritage, Dover Castle Locations: Dover Castle, England, Napoleon, France, John’s, British, Waterloo, St, Dover

☆ A millennial investor feels happier and healthier after taking most of her meetings off Zoom
▼ + stars: | 2024-05-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The 36-year-old healthcare tech investor said on X, formerly Twitter, earlier this month that 90 percent of her meetings are phone calls, while 10 percent are on Zoom. Other desk workers have moved away from video calls, a decision that is also backed up by recent research on Zoom fatigue. Farr started moving her video meetings to phone calls so that she could take walks during them. Related storiesFarr knows phone calls don't work for every type of meeting, especially when visuals are crucial — like when a slide deck is being presented. Bailenson concluded the report with a simple suggestion: "Make 'audio only' Zoom meetings the default, or better yet, insist on taking some calls via telephone."

Persons: —, it's Christina Farr, Farr, — Farr, Christina Farr, Farr —, Alyssa Jaffee, Farr's, Jaffee, Jeremy Bailensonon, Bailenson Organizations: Service, Business, Stanford Locations: Chicago

☆ Harrison Butker speech: The biggest mistake he made in his controversial commencement comments
▼ + stars: | 2024-05-16 | by ( Aj Willingham | ) edition.cnn.com time to read: +10 min

CNN —The NFL is distancing itself from controversial comments by Kansas City Chiefs kicker Harrison Butker during a recent commencement address. However, plenty of women (and Taylor Swift fans) have made their feelings plainly known. Harrison Butker of the Kansas City Chiefs speaks to the media ahead of Super Bowl LVIII on February 5, 2024, in Las Vegas. Conservative voices have praised Butker’s speech for being “100% correct” and for reflecting his self-professed deep Catholic faith. Feminists and Taylor Swift fans have fired backButker, 28, has been with the Chiefs for seven seasons.

Persons: Harrison Butker, Butker, –, Taylor Swift, “ Harrison Butker, ”, Jonathan Beane, “, —, ” Butker, Isabelle, Robin Alam, Sam McDowell, Swift, Travis Kelce, Taylor, ’ ” Butker, Travis, ” Taylor Swift, Ezra Shaw, Harrison, I’ll, influencers, Elizabeth Keller Butker, Emory University’s, Vicki Chan, Kelce, Roger Goodell, Lisa Guerrero, • Butker, Joe Biden, Andrea Williams, Patrick Mahomes, “ Harrison Butker doesn’t, doesn’t, Yvette Walker, CNN’s Kevin Dotson Organizations: CNN, Kansas City Chiefs, Pride, Benedictine College, NFL, Chiefs, Super Bowl, Kansas City Star, Conservative, San Francisco 49ers, Getty, Emory, Emory University’s Winship Cancer Institute, Smith College, Football, Catholic, America Locations: Atchison , Kansas, Las Vegas, Atlanta, Massachusetts

☆ At Christie’s, the Show Goes On, Despite a Hack
▼ + stars: | 2024-05-14 | by ( Zachary Small | Julia Halperin | ) www.nytimes.com time to read: +1 min

The salesroom at Christie’s was packed on Tuesday evening, as spectators rubbernecked to see if buyers would compete for multimillion-dollar artworks at an auction house still hobbled by a cyberattack. Could she succeed despite the headwinds of a slumping market and concerns about whether a cyberattack might have compromised the financial data of Christie’s clientele? There were only four withdrawals ahead of the evening sales, as Christie’s salespeople worked hard to assure buyers and sellers that business would continue without a glitch. There was a depth of bidding not seen the night before at the contemporary art sales at Sotheby’s, where out of its 52 lots, most sold on just a few bids. Still, Sotheby’s managed to outdo its rival with a total of $267 million on Monday — more than double Christie’s final result of $115 million, from a total of 57 lots, offered on Tuesday.

Persons: Georgina Hilton, Rosa de la Cruz, Christie’s salespeople, Sotheby’s Organizations: Cuban Locations: Christie’s, Cuban American, Sotheby’s

☆ Furniture flippers are getting roasted online for painting vintage wood pieces 'millennial gray'
▼ + stars: | 2024-05-12 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +9 min

How do you feel about painted furniture?" Halfpoint Images/Getty ImagesDemand is up for vintage wood furniture — without paintPart of the backlash certainly stems from the current state of the furniture industry, in which it's increasingly difficult to get your hands on brand-new, high-quality furniture. As a result, the secondhand furniture market is booming, with vintage furniture sellers proliferating on places like Instagram and Facebook Marketplace. The flippers said most of the hate comments tend to come from flips of midcentury modern furniture, in particular, a beloved and lasting design aesthetic from around roughly the 1930s to 1970s. Despite all the vocal online haters of painted furniture, there's a reason furniture flippers do it: the pieces sell.

Persons: —, Christina Clericuzio, grandma, Clericuzio sanded, Clericuzio, TikTok, Jennifer Beck, flipper, Gen Z, it's, she's, she'd, Beck, It's, Mike Coleman, he's, Coleman, Christina Clericuzio's Organizations: Service, Business, United Furniture, Facebook, The Washington Post, Big, Ikea Locations: Connecticut, Tennessee, Anthropologie, Mesa , Arizona, Chicago

☆ Missed the dazzling northern lights show? You might get another chance Saturday night
▼ + stars: | 2024-05-11 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +6 min

Carlos Avila Gonzalez/San Francisco Chronicle/Getty Images The northern lights shine in the night sky above the Molenviergang in Aarlanderveen, the Netherlands, early May 11. Alexey Malgavko/Reuters The northern lights are seen in a rural area west of Fort Lauderdale, Florida, on Friday, May 10. Courtesy Luke Culver People photograph the northern lights from Whitley Bay, England, on May 10. Courtesy Jan Reed The northern lights glow in the night sky in Brandenburg, Germany, on May 10. Increased solar activity causes auroras that dance around Earth’s poles, known as the northern lights, or aurora borealis, and southern lights, or aurora australis.

Persons: Chad Myers, it’ll, Alastair Johnstone, Andrew Chin, Sanka Vidanagama, Carlos Avila Gonzalez, Josh Walet, Robert Nemeti, Jean, Christophe Bott, Max Slovencik, Alexey Malgavko, Luke Culver, Ian Forsyth, Robert F, Geoff Robins, Rich, Jan Reed, Patrick Pleul, Jenny Kane, Adam Vaughan, Jacob Anderson, Peter Byrne, Biden, it’s, Dr, Hakeem Oluseyi, Bill Nye, Guy, ”, “ Organizations: CNN, National Oceanic, Prediction, Midwest, Getty, San Francisco Chronicle, Keystone, AFP, Luke Culver People, Rockies, National Weather Service Locations: Alabama, Ohio, Pacific Northwest, North America, Gulf, ”, Sheffield, England, Manning, British Columbia, Christchurch , New Zealand, AFP, Berryessa , California, Aarlanderveen, Netherlands, Debrad, Slovakia, Anadolu, Le, Dessous, Switzerland, Vienna, Siberian, Tara, Russia's Omsk, Fort Lauderdale , Florida, Whitley Bay, Brunswick , Maine, London , Ontario, Ontario, Tennessee, Washington, Memphis , Tennessee, Rich Hill , Missouri, Brandenburg, Germany, Estacada , Oregon, Cumming , Georgia, Crosby , England, Edinburgh, Scotland, Crosby Beach, Liverpool, Texas, Coast, Sweden, South Africa, United States

☆ The alleged architect of a multibillion-dollar fraud that shook Wall Street heads to trial
▼ + stars: | 2024-05-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —In the spring of 2021, you might have heard about a small investment firm with an odd name, Archegos, that imploded practically overnight and left big Wall Street banks sweating over billions of dollars in losses. Put simply, prosecutors say Hwang had used financial instruments called “total return swaps” to gain exposure to the stocks without actually owning them. Over the course of a year, prosecutors say, Hwang grew his $1.5 billion portfolio into a $35 billion portfolio. Why the case mattersWhite-collar crime on Wall Street may seem like a distant problem for most Americans, and that may be true. And sometimes, as in the financial crisis of 2008, it was a bit of Wall Street tinkering in derivatives contracts that blew up in banks’ faces and collapsed the housing market.

Persons: CNN Business ’, Bill Hwang, Hwang, Matt Egan, Banks, Archegos, ” Hwang, Hwang didn’t, ”, isn’t, Dennis Kelleher Organizations: CNN Business, New York CNN, Archegos, Management, Viacom, Discovery, Warner Bros, CNN, Term Capital Management, Credit Suisse, Employees, Bloomberg, Tiger Asia Management Locations: New York, Korean, York City, ’

☆ Meet Delphine Arnault, Dior CEO and daughter of world's richest man
▼ + stars: | 2024-05-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.

Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, —, Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti

☆ Disgraced former Congressman George Santos says he's bringing his drag queen alter ego 'out of the closet' on Cameo
▼ + stars: | 2024-04-29 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

George Santos will be making Cameo videos as his drag persona, Kitara Ravache, he said. After being expelled from Congress, Santos has used Cameo to earn money. AdvertisementDisgraced former Congressman George Santos announced on Monday that he is bringing his drag persona Kitara Ravache "out of the closet" for a limited time. AdvertisementRochard said that she had known Santos as a drag queen and that he'd competed in drag in a beauty pageant as Kitara Ravache in 2008. AdvertisementFollowing his expulsion from Congress, Santos turned to Cameo as a source of income.

Persons: George Santos, Kitara Ravache, Santos, —, Y'all, I've, Roch, "Ru Organizations: Congress, Service, New, Acc, e, eni Locations: y

☆ Misinformation has created an alternative world for some Americans
▼ + stars: | 2024-04-28 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

O’SULLIVAN: So much of mainstream American politics now is being infected and affected by what is happening on what was once considered the real fringes — fringe platforms, fringe personalities. O’SULLIVAN: A lot of people got kicked off the major social media platforms after January 6. Because major social media platforms like Facebook have these rules. But I think just overall, in 2016, all the guards were down when it came to social media. And then in 2020 there was a big crackdown from the social media platforms, which got a huge amount of blowback from conservatives.

Persons: CNN —, —, CNN’s Donie O’Sullivan, Trump, Anderson Cooper ”, Joe Biden didn’t, They’ve, they’ve, we’ve, Rachel Powell, “, O'Sullivan, It’s, Joe Black, Donald Trump, O’Sullivan, Black, Joe Biden, it’s, You’re, ”, Tim Alberta, Christiane Amanpour, Caleb Campbell, — he’s, You’ve, you’ve, Elon Musk, WOLF, There’s, she’ll, She’s Organizations: CNN, FBI, Pastors, Facebook, Twitter, Elon, Trump Locations: Colorado, Alberta, West Virginia, Trump

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