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David C. Weiss, the special counsel investigating Hunter Biden, said on Wednesday that he planned to indict the president’s son on a gun charge before the end of the month — a move prompted by the acrimonious collapse of a plea deal in July. In a three-page update filed in federal court in Wilmington, Del., Mr. Weiss laid out plans to bring charges related to Mr. Biden’s purchase of a pistol in 2018, when prosecutors say he lied on a federal form by stating that he was not using drugs at the time. Mr. Biden had previously agreed to participate in a two-year diversion program for nonviolent gun offenders as part of the plea deal, which unraveled dramatically at the last minute this summer. Mr. Biden’s lawyer, Abbe Lowell, signaled in a statement that he would challenge any effort to proceed with a trial, arguing that the original agreement reached over the summer “remains valid and prevents any additional charges from being filed.”The government’s filing, while expected, adds an additional and volatile element to an already packed calendar of criminal cases coinciding — and colliding — with the 2024 presidential race. It piles on a possible federal trial of President Biden’s son to former President Donald J. Trump’s two federal and two state criminal cases.
Persons: David C, Weiss, Hunter Biden, Biden, Biden’s, Abbe Lowell, Donald J Locations: Wilmington, Del
US President Joe Biden, right, and Narendra Modi, India's prime minister, at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, DC, US, on Thursday, June 22, 2023. One of the risks is that by elevating India's presidency of the G20 so much, there are now expectations for India to deliver some concrete breakthroughs. Russia-Ukraine impasseIndeed, the specter of Russia's Ukraine invasion has loomed large over G20 meetings for the various tracks that India has convened. He even labeled it the "biggest achievement" of India's G20 presidency so far — despite Russia and China abstaining. This development serves to buttress India's burgeoning economic clout, the basis of its greater confidence and assertiveness geopolitically.
Persons: Joe Biden, Narendra Modi, India's, haven't, Manjari Chatterjee, Modi, Manjari Chatterjee Miller, Vladimir Putin, Xi Jinping, Putin, Pramit Pal Chaudhuri, Chaudhuri, Sergei Lavrov —, Putin —, CFR's Miller, Eurasia Group's Chaudhuri, Subrahmanyam Jaishankar, Sumedha Dasgupta, Biden, Taiwan —, assertiveness, It's, Pravin Krishna Johns Organizations: White, Bloomberg, Getty, Indian, Shanghai Cooperation Organization, Manjari Chatterjee Miller, Foreign, Council, Foreign Relations, CNBC, Global, African Union, UN, Group Russia's, West, Bharatiya Janata Party, BJP, India's, Economist Intelligence Unit, Moscow, . Warming, Apple, Pravin Krishna Johns Hopkins University's School, International Locations: Washington , DC, New Delhi, India, Ukraine, Pakistan, South Asia, Washington ,, Russia, China, Varanasi, Bali, Eurasia, Asia, U.S, . Warming India, Malaysia, Philippines, Vietnam, Taiwan, Beijing
The spinning dead star and the companion star that it closely orbits were first discovered in 2007. Once the pulsar began siphoning off material from the companion star, its characteristic pulsing beam disappeared. Instead, the pulsar entered a constant, alternating cycle of operating in what astronomers call “high” mode and “low” mode. They discovered that an exchange of matter between the pulsar and its companion star triggers the unusual behavior of the pulsar. As the pulsar tugs at its companion star, gas releases from the companion and forms a disk around the pulsar before slowly falling toward it.
Persons: , Maria Cristina Baglio, Francesco Coti Zelati, Coti Zelati, Sergio Campana Organizations: CNN, Astrophysics, New York University, Italian National Institute for Astrophysics, Institute of Space Sciences, Astronomers, Southern, Italian National Institute for Astrophysics ’, Observatory Locations: New York University Abu Dhabi, Barcelona, Spain, Chile
The 20-year-old top seed from Spain was leading 6-2, 3-2 when Koepfer retired, having rolled his ankle at a grimace-inducing angle minutes into the match. Alcaraz will play Lloyd Harris of South Africa in the second round. "He's a great player, he has big shots so I have to be really focused on the match," said Alcaraz. Koepfer buried his head in his towel after Alcaraz forced him into a forehand error to convert on a break point chance in the seventh game. Koepfer fended off a pair of break point chances in the fifth game before solemnly walking to the net to resign.
Persons: Spain's Carlos Alcaraz, Germany's Dominik Koepfer, Shannon Stapleton, Carlos Alcaraz, Dominik Koepfer, Arthur Ashe, Koepfer, Alcaraz, Lloyd Harris of, Novak, Frenchman Alexandre Muller, Amy Tennery, Neil Fullick Organizations: Tennis, Germany's Dominik Koepfer REUTERS, U.S, Wimbledon, Thomson Locations: Flushing Meadows , New York, United States, Spain, Lloyd Harris of South Africa, German, New York
Ashley Blanc was born in Trinidad & Tobago but moved to the US when she was a baby. Last year, Blanc bought a house in Latronico, Italy, and said she can't wait to move there. In the fall of 2021, I came across an article about cheap homes for sale in Latronico, Italy. Latronico, Italy, taken during a visit to the town. But here in America, it's moreso, "We don't like you because you're Black and you're beneath us."
Persons: Ashley Blanc, Blanc, I've, Rosa Parks, Martin Luther King, Jr, Vincenzo Castellano, Money, there's, I'm, it's, Latronico Organizations: Service, Social Security Locations: Trinidad & Tobago, Latronico, Italy, Wall, Silicon, United States, Barbados, America, Baltimore, Europe
But a CNN investigation has placed him outside of the Capitol at the same time as his alleged plot to keep Trump in office unraveled inside it. CNN was able to place Chesebro at the protest through publicly available databases with photos and videos from that day. Shroyer, who had previously signed a deferred prosecution agreement in another case saying he would not engage in disorderly conduct on the Capitol grounds, was charged with four misdemeanors. Later, the group, including Chesebro, make their way halfway up the steps of the Capitol Building before heading down. Chesebro follows members of the group as they depart the Capitol grounds close to 3 p.m.Later, Chesebro can be seen walking near the Peace Monument at the front of the Capitol.
Persons: Alex Jones, riling, Jones, Donald Trump’s, Kenneth Chesebro, Chesebro, , Jared Holt, Lawrence Tribe, Jim Troupis, Biden, John Eastman, , , Infowars –, Owen Shroyer, Shroyer, Ryan Goodman, ” Goodman Organizations: CNN, Capitol, Trump, Institute for Strategic, Harvard, Republican, New York Times, New York University, Department of Defense, Committee, Trump International Hotel Locations: Fulton County , Georgia, Georgia, cryptocurrency, Wisconsin, Washington , DC, DC
A plea deal struck between the Department of Justice and Hunter Biden was supposed to bring his years of legal troubles to an end. Instead, that deal has unraveled and a special counsel has been named to take over the case. Michael Schmidt, a Washington correspondent for The Times, explains why that turn of events is increasingly pitting the interests of Hunter Biden against those of President Biden.
Persons: Hunter Biden, Michael Schmidt, Biden Organizations: Department of Justice, The Times Locations: Washington
The day is “full of honor and pride for Afghans,” Taliban deputy spokesperson Bilal Karimi told CNN. “Afghanistan was freed from occupation, Afghans were able to regain their country, freedom, government and will. “There is no such thing as women’s freedom anymore,” said Mahbouba Seraj, an Afghan women’s rights activist and 2023 Nobel Peace Prize nominee. “The women in Afghanistan are being slowly erased from society, from life, from everything – their opinions, their voices, what they think, where they are.”Video Ad Feedback 'They can't go to school? “The only reason why I’m in Afghanistan and I’m staying here is to be next to my sisters and try to help them,” said Seraj, the women’s rights activists.
Persons: Zahra, , , ” Zahra, Bilal Karimi, Zahra –, Mahbouba Seraj, CNN “, I’m, who’ve, ” Zabiullah Mujahid, haven’t, Heather Barr, Seraj, Mahbouba, “ They’re, they’re, Barr, what’s Organizations: CNN, , Nations, United Nations, CNN “ I’m, UN, Taliban, Human Rights Locations: Afghanistan, Kabul, States, “ Afghanistan, Zahra, Afghan, United
Oil and food prices have jumped in recent weeks, and wages are still growing strongly in some of the world’s biggest economies. The UN global Food Price Index rose in July, notching only the second monthly increase in a year of steady declines. Oil supply cutsGlobal oil prices have shot up in recent weeks. The International Energy Agency has forecast that global oil demand will rise to a record 102 million barrels this year. Rising oil prices have spurred a jump in US gasoline prices, which hit an average of $3.82 a gallon Tuesday.
Persons: ” Randall Kroszner, , Price, Chris Ratcliffe, Richard Bronze, , , unraveled, ” Kroszner, — “, Michelle Bowman Organizations: London CNN, US Federal Reserve, European Central Bank, US Federal Reserve System, University of Chicago Booth School of Business, CNN, UN, Bloomberg, Getty, West Texas Intermediate, International Energy Agency, OPEC, Agriculture Organization, United Nations, Capital Economics, “ Labor, Bank Locations: Ukraine, United States, United Kingdom, Brent, Saudi Arabia, Russia, Moscow
Russian and Chinese Delegations Attend North Korea Military Parade Delegations from China and Russia attended a military parade in Pyongyang on Thursday, marking the first foreign visits to North Korea since the start of the Covid-19 pandemic. WSJ’s Dasl Yoon explains the growing ties between the three countries. Photo: STR/AFP/Getty Images
Persons: Dasl Yoon Organizations: Delegations, North Korea Military Parade Delegations, Getty Locations: China, Russia, Pyongyang, North Korea
CNN —Climate activists draped black cloth over British Prime Minister Rishi Sunak’s private mansion in northern England on Thursday, in a protest against his policy to “max out” the UK’s oil and gas resources in the North Sea. Four demonstrators from the environmental group Greenpeace managed to climb onto the Conservative party leader’s manor house in his North Yorkshire constituency of Richmond early Thursday. They used ladders and climbing ropes to access the roof, where they unraveled 200 square meters of “oil-black fabric” to cover part of the mansion, Greenpeace said in a statement. Greenpeace said Sunak’s announcement is a blow to the UK’s environmental goals. “We desperately need our prime minister to be a climate leader, not a climate arsonist,” said Philip Evans, Greenpeace UK’s climate campaigner.
Persons: Rishi, Sunak, greenlighting Rosebank, , , Philip Evans, ” Evans, Downing, Putin, Kirby Sigston Organizations: CNN —, British, ., Greenpeace, Conservative, Richmond, International Energy Agency, Downing Street, CNN, Downing, North Yorkshire Police Locations: England, North, North Yorkshire, Europe, Southeast Asia, greenlighting, Kirby
CNN —Remarkable new charges against Donald Trump and two associates in the classified documents case Thursday significantly deepened the ex-president’s legal plight and dragged the 2024 election further into an unprecedented legal quagmire. “It’s a stunning development,” said former FBI Deputy Director Andrew McCabe, who is now a CNN legal and national security analyst. Trump responds with a new political assaultThe ex-president, whose legal strategy has become enmeshed with his campaign strategy, poured fuel on the political fire. The sudden new dimension in the classified documents case will have profound political and legal dimensions. The Florida governor was asked about the possibility of a third indictment of Trump, in reference to the 2020 election interference case.
Persons: Donald Trump, quagmire, Jack Smith, Trump, Honig, , , Andrew McCabe, , Karen Friedman Agnifilo, Kaitlan Collins, Richard Nixon, Biden, Hunter, they’ll, Walt Nauta, Carlos De Oliveira, Iowa Republican Party’s Lincoln, Ron DeSantis, We’ve, ” DeSantis, it’s Organizations: CNN, White, FBI, Trump, Justice Department, Fox News Digital, Republican, GOP, Iowa Republican, Biden White House, Congressional, Republicans Locations: Lago, Manhattan, Georgia, Des Moines, Iowa, Florida, Ukraine, China
Mao Zedong warned, “You piss on my head, and I shall retaliate!” The Soviet leader Leonid Brezhnev called Mao “treacherous.” An alliance that Moscow and Beijing previously billed as unbreakable quickly unraveled. So Mao reached out to his avowed foe the United States. Mao, a scathing critic of what he called American imperialism, suddenly referred to President Richard Nixon as “the No. 1 good fellow as the two countries make common cause against the United States. Mao’s abrupt turn to the United States showed just how quickly Chinese loyalties can crumble when the usefulness of a strategic partner wanes.
Persons: Mao Zedong, Leonid Brezhnev, Mao, Richard Nixon, Nixon, Vladimir Putin, Xi, , Wagner, Mikhail Kapitsa Organizations: Communist Locations: China, Soviet, Moscow, Beijing, United States
It’s like there’s no point in asking who started this because it’s a really, really old antagonism. I think that’s probably what’s most critical right now is that all of our entertainment, our news media, it’s all made in cities. And he’s really pretty horrible, and he doesn’t feed them enough, and that’s really sad. You’re going to have a flat tire, and the guy that pulls up to help you is going to tell your dad within minutes. It’s not like most books you’re going to see.
Persons: Ezra Klein, ezra klein, , Hernan Diaz, Barbara Kingsolver, “ David Copperfield ”, Dickens, It’s, barbara kingsolver, you’ve, ezra klein We’re, Nobody, I’d, I’ve, Bobby Ann Mason’s, , — Wendell Berry, Robert Penn Warren, James Still, Harriette, Taylor Greer, you’re, George Washington, ” he’s, — he’s, he’s, I’ll, They’re, George W, Bush, they’re, barbara kingsolver You’re, we’ve, That’s, that’s, I’m, ” barbara kingsolver, barbara kingsolver Oh, barbara kingsolver ezra klein barbara kingsolver, ezra klein Yes, we’re, Charles Dickens, “ David Copperfield, , Tommy, ” It’s, ezra klein There’s, barbara kingsolver There’s, Tommy Traddles, Tommy Waddles, who’s, He’s, We’re, Tommy’s, she’s, it’s, Beth Macy, overdosed, ” ezra klein, There’s, grandkids, they’ve, Dori, doesn’t, Peggot, Frances Goldin, Arwen Donahue, She’s, Beth Macy’s, Lazarus, Laline Paull, ezra klein Barbara Kingsolver Organizations: New York, Fiction, Trump, Nicholas County High School, DePauw University, Walmart, The New York Times, . Times, New York Times, Farmers, , Knoxville —, Purdue Pharma, Purdue, aha, Scots Locations: Appalachia, It’s, Georgia, Tennessee, North Carolina, Virginia, Kentucky, West Virginia, Pennsylvania, U.S, exploitations, Congo, Caribbean, Indiana, Nicholas, Arizona, Europe, Tucson , Arizona, Tucson, Paris, Athens, France, “ Shiloh, MAGA, America, Brazil, Eastern Europe, There’s, California, New York, , Tommy, Pennington, Knoxville, there’s, nove, Lee County, that’s Lee County, that’s, United States of America, who’s, New York City
Sen. Lindsey Graham was booed on Saturday at a rally that featured former President Donald Trump. Some of the conservative attendees in the crowd called the South Carolina lawmaker a "traitor." Even Lindsey down here, Senator Lindsey Graham. We love Senator Graham," Trump said. "We have our progressive senator from South Carolina, Lindsey Graham.
Persons: Sen, Lindsey Graham, Donald Trump, Trump, Graham, , Graham —, y'all, Brett Kavanaugh's, Amy Coney Barrett's, we've, Count me, Graham didn't, impeaching Trump, Lindsey, he's, He's Organizations: South, Service, Democrats, Trump, Mar Locations: South Carolina, Pickens, Lago, South Florida
Pioneer Natural bought Parsley Energy at an 8% premium. Devon Energy bought WPX Energy at a 3% premium. Bilson points to Yellen last week highlighting a likely decline in earnings when banks report second-quarter earnings next month. That's already reflected in plenty of well-known banks "now trading with mid-single digit forward EPS multiples" as they are suddenly forced to pay more for their deposits, Bilson wrote. There are other hurdles standing in the way of bank deals, Bank of America analysts led by Ebrahim Poonawala said Monday.
Persons: Janet Yellen, there'll, Don Bilson, Gordon Haskett, Bilson, Ebrahim Poonawala, dealmaking, Poonawala, — CNBC's Michael Bloom Organizations: Silicon Valley Bank, Signature Bank, First, Federal Reserve, Dominion, Chevron, Noble Energy, ConocoPhillips, Concho Resources, Energy, Devon Energy, WPX Energy, Yellen, Bank of America, Regulators, U.S . Department of Justice, Federal Trade Commission, MTM Locations: U.S, Wall, Silicon, Toronto, Concho
The cult of Emily Oster
  + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com   time to read: +30 min
Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.
Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, , Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey
Oil prices rise 3% after China rate cut
  + stars: | 2023-06-13 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices climbed 3% on Tuesday, recovering from steep losses the previous session, after China's central bank lowered a short-term lending rate for the first time in 10 months. The rate cut, aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer, is likely increase oil demand. The Fed's rate hikes have strengthened the dollar , making dollar-denominated commodities more expensive for holders of other currencies and weighing on oil prices, so a rate hike pause could be bullish. Worries about demand have unraveled the temporary boost in oil prices from Saudi Arabia's pledge announced early this month to cut more production in July. The Organization of Petroleum Exporting Countries (OPEC) kept its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, slightly increasing expectations of Chinese demand growth.
Persons: Phil Flynn, Giovanni Staunovo, Saudi Arabia's Organizations: Brent, U.S . West Texas, Price Futures, European Central Bank, of Petroleum Exporting, International Energy Agency, Reuters Locations: U.S, Saudi
Rising expenses denting earnings growth create a murky near-term setup for shares of First Horizon , according to JPMorgan. Analyst Steven Alexopoulos moved to a neutral rating on the regional bank stock after a non-rating period, saying that the company's recent investor day failed to improve near-term confidence. The Wall Street firm previously held an overweight rating on shares and $20 price target. Shares of First Horizon faced significant pressure this year as the regional banking crisis unraveled and led to the collapse of Silicon Valley Bank and Signature Bank, and takeover of First Republic. Amid this backdrop, the stock's tumbled nearly 52%, with the firm's $13 price target suggesting 10% upside from Monday's close.
Persons: Steven Alexopoulos, Alexopoulos, CNBC's Michael Bloom Organizations: JPMorgan, Street, Horizon, Silicon Valley Bank, Signature Bank, First Locations: Silicon, First Republic
CNN —Novak Djokovic reached the French Open final after defeating an injury-stricken Carlos Alcaraz 6-3 5-7 6-1 6-1 on Friday. The victory puts Djokovic, a two-time champion at Roland-Garros, on the verge of winning a men’s record 23rd grand slam title. “First and foremost, I have to say tough luck for Carlos,” Djokovic said in his on-court interview. I hope he can recover and come back very soon.”Alcaraz receives treatment at the side of the court against Djokovic. The same scenario occurred at 6-5 but this time Alcaraz made no mistake, converting the first of another three set points.
Persons: CNN — Novak Djokovic, Carlos Alcaraz, Djokovic, Alcaraz, cramp, Casper Ruud, Dane, Germany’s Alexander Zverev, Carlos, ” Djokovic, ” Alcaraz, Julian Finney, Philippe, Chatrier, , Novak, Rafael Nadal, It’s Organizations: CNN, Roland, , Getty, cramp Locations: raptures, Serbian
It is almost certainly a fact that Richard Montañez did not invent Flamin’ Hot Cheetos. But the Times article wasn’t a death knell for the film — in fact, far from it. “We never set out to tell the history of the Cheeto,” Eva Longoria, who is making her feature directorial debut with “Flamin’ Hot,” told The Los Angeles Times in March, shortly before the film’s premiere at South by Southwest. “We are telling Richard Montañez’s story and we’re telling his truth.”So, the filmmakers forged ahead, and “Flamin’ Hot,” which bills itself as a “true story,” will begin streaming on Disney+ and Hulu on Friday. Here’s a guide to how the spicy Cheeto tale unraveled, what parts of it are actually true (there are some!)
Persons: Richard Montañez, , ” Eva Longoria, , Richard Montañez’s, Jesse Garcia, Roger Enrico, Tony Shalhoub, Montañez Organizations: Los Angeles Times, Southwest, Disney, Hulu, Frito, PepsiCo, Here’s Locations: California
Democratic lawmakers in New York had scrambled this week to assemble a plan to tackle the state’s housing crisis: They said it included measures to protect tenants from eviction and cap rent increases, incentives to remodel empty offices into apartments and an extension of a tax break for developers to build affordable housing. But it all unraveled on Thursday, when Democrats who control the State Legislature and Gov. Kathy Hochul failed to reach a deal, leading to a new round of finger pointing among Democrats in Albany. Lawmakers blamed Ms. Hochul for opposing their housing measures, particularly those to protect tenants, while the governor said lawmakers never presented her with any housing bills to approve. The one unarguable point was that Democrats were bound to finish the 2023 legislative session this week without addressing the state’s housing crisis for the second time this year, despite proclaiming the issue a top priority.
Persons: Kathy Hochul, Hochul Organizations: State Legislature, Gov Locations: New York, Albany
A federal judge in Florida sentenced a businessman and former drug trafficker with Haitian and Chilean citizenship to life in prison on Friday for his role in the 2021 assassination of President Jovenel Moïse of Haiti. Rodolphe Jaar is the first person to be convicted and sentenced in what federal prosecutors have described as a sprawling conspiracy to murder the Haitian leader and seize power, aided by Haitian officials, Colombian mercenaries and illegal arms shipments from the United States. The killing unraveled the already fragile Haitian government, giving rise to lawlessness and extreme violence as gangs have stepped into the power vacuum. The leading role that the United States has taken in seeking justice for the murder of a foreign leader is an indication of how much the death of Mr. Moïse has destabilized his country and deepened the chronic dysfunction of the Haitian justice system. American officials have premised their investigation on their assertion that much of the conspiracy was planned in South Florida and involved American citizens.
Persons: Jovenel Moïse, Rodolphe Jaar, unraveled, Jaar, Jose E . Martinez, Moïse Organizations: Haitian, Colombian, Federal, Court Locations: Florida, Haitian, Haiti, United States, Miami, South Florida
Since October 2022, the S&P 500 is up 17% following a 25% decline as the Fed embarked on its rate-hiking cycle. The median S&P 500 price target for the end of the year is 4,000. Predicted in 2000 that the S&P 500 would likely see negative total returns over the following decade, which it did. Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up 1.1% over the past year.
The viral story about New York veterans getting kicked out of a New York hotel was a hoax, the Mid Hudson News reported. Seven homeless men say they were part of a group of 15 who were supposed to act as vets to keep up the scheme. On May 12, the New York Post first reported that 20 homeless veterans were forced out of the Crossroads Hotel in Newburgh to make room for migrants the federal government was sending to New York. A graphics expert who works at the Mid Hudson News noticed the receipt appeared to have been doctored. The job came with a promise of $200 in addition to food and alcohol, Mid Hudson News reported.
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