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☆ A GOP operative said Trump campaigning in Georgia would be the 'worst thing that can happen' for Republicans like Herschel Walker, report says
▼ + stars: | 2022-10-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

A GOP operative told The Washington Post that Trump could distract from GOP messaging. "Trump coming down to Georgia is the worst thing that can happen for Republican candidates down here," the operative told the Post. "It immediately turns the focus from inflation and immigration to Donald Trump, and Donald Trump lost the last election here." The Georgia race, considered one of the tightest in the country, has been called a toss-up by some experts, while poll averaging site FiveThirtyEight gives Warnock a slight edge. Sources told the Post Trump may do several additional rallies before election day, including in Georgia, but only where he is wanted.

☆ Federal authorities say an inmate in Georgia's most secure prison impersonated a billionaire movie mogul and stole at least $11 million: report
▼ + stars: | 2022-10-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Arthur Lee Cofield impersonated a movie mogul stole to steal at least $11 million, per a report. He impersonated Sidney Kimmel using contraband cell phones, The Atlanta Journal-Constitution reported. The 31-year-old reportedly committed the crime while being held in Georgia's most secure prison. Kimmel, 94, is the chairman and CEO of the production company Sidney Kimmel Entertainment. He then chartered a private plane to transport the coins to Atlanta and bought a mansion in Buckhead, Georgia worth $4.4 million.

☆ Golden State Warriors suffer first defeat of the season against Denver Nuggets
▼ + stars: | 2022-10-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Despite Steph Curry scoring a game-high 34 points, the Golden State Warriors suffered their first loss of the season, to the Denver Nuggets on Friday, going down 125-123 to the team they eliminated from the first round of the Western Conference playoffs in April. Curry added five rebounds and four assists to his 34 points on 10-of-22 shooting but could not drag his team to victory in San Francisco. Noah Graham/NBAE/Getty ImagesThe Warriors fought back in the fourth and a Jordan Poole layup with 14.7 seconds remaining left Golden State just a point behind. Two free throws from Jokic with 6.6 seconds left took Denver’s lead beyond three points and sealed the victory. Logan Riely/NBAE/Getty ImagesElsewhere in the Western Conference, Ja Morant dazzled, scoring 49 points to carry the Memphis Grizzlies to a 129-122 win over the Houston Rockets.

☆ U.S. carriers add transatlantic flights for travel-hungry consumers
▼ + stars: | 2022-10-21 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

REUTERS/Carlos BarriaCHICAGO, Oct 21 (Reuters) - U.S. carriers including Delta Air Lines (DAL.N) and United Airlines (UAL.O) are betting big on American consumers' unquenched thirst for travel across the Atlantic by adding more flights to Europe. Register now for FREE unlimited access to Reuters.com RegisterThe transatlantic is the world's most lucrative travel market. Starting this month, Delta plans to operate more transatlantic flights than it did before the pandemic. Travel website KAYAK said searches for international travel, including to Europe, from the United States are up nearly 40% from last year. United said the transatlantic travel demand has remained "incredible" into the fall.

☆ Democratic Sen. Raphael Warnock faces off against Republican Herschel Walker in Georgia's explosive US Senate race
▼ + stars: | 2022-10-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Democrat Raphael Warnock is running against Republican Herschel Walker in Georgia's US Senate race. Warnock was first elected to the Senate in a 2021 runoff election alongside Democrat Jon Ossoff. Georgia Senate candidatesWarnock, the senior pastor at the historic Ebenezer Baptist Church in Atlanta, was elected to the Senate alongside fellow Democrat Jon Ossoff. Donald Trump and Herschel Walker have been friends for decades, dating back to Walker's days as a professional football player. Walker has raised $31.6 million, spent $24.3 million, and has nearly $7.4 million left to spend, as of September 30.

☆ Georgia Secretary of State Brad Raffensperger's wife told Sen. Kelly Loeffler she didn't 'deserve to be in elected office' in text after 2020 election: report
▼ + stars: | 2022-10-20 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

Tricia Raffensperger chastised Kelly Loeffler for endangering her life in 2020 for political gain. The wife of Georgia Secretary of State Brad Raffensperger slammed Loeffler in heated text messages. Loeffler called for Brad Raffensperger’s ouster to further Trump’s 2020 election denial scheme. "I hold you personally responsible for anything that happens to any of my family," Tricia Raffensperger wrote, adding, "You do not deserve to be in elected office." And that's all we did," Brad Raffensperger said.

☆ Former Sen. Kelly Loeffler worried she would 'get booed off the stage' at a rally if Trump didn't retweet a statement announcing her objection to the 2020 election results, texts show
▼ + stars: | 2022-10-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

New texts shed light on former Sen. Kelly Loeffler's thinking during the Georgia runoffs and Jan 6. She told aides to make sure Trump retweeted a statement announcing her objection to the 2020 results. But after the violence, an aide warned her to back off from objecting due to "reputational risk." "I believe you can't afford to not be on it," wrote Loeffler aide Wes Coopersmith in a January 2 text. But the senator appeared concerned that word wouldn't get out before a rally with Trump that evening, according to the texts.

☆ Marjorie Taylor Greene and Ted Cruz urged Kelly Loeffler to join efforts to object to the 2020 election results on January 6: texts
▼ + stars: | 2022-10-20 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

Marjorie Taylor Greene and Ted Cruz reached out to Kelly Loeffler ahead of January 6 about joining efforts to object to the 2020 election results. Loeffler said that she would object to the results on January 6, but changed her mind after rioters stormed the Capitol. As her election neared, Loeffler received more text messages from lawmakers and aides, pressing her to take a position on whether she'd object to the 2020 election results. Loeffler announced on the eve of her election that she would object to the results on January 6. Politico and the Atlanta-Journal Constitution reported that they received a 59-page log of text messages from an anonymous sender.

☆ Fact Check-No evidence Stacey Abrams lobbied for MLB All-Star Game to be moved out of Atlanta
▼ + stars: | 2022-10-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Georgia Republicans, including Kemp, have tied Abrams to the MLB’s decision, but there is no evidence that Abrams advocated for the All-Star Game to be moved out of the state. Abrams publicly expressed her disagreement with pulling the game from Georgia before and after the MLB’s decision. Following the passage of the bill, the MLB decided to relocate the All-Star Game out of Cobb County in Atlanta on April 2, 2021 (here). Kemp said in a July 2021 campaign ad titled “Not Backing Down” that “Abrams and the liberal mob forced the All-Star Game to move” (here). There is no evidence that Stacey Abrams lobbied for the 2021 MLB All-Star Game to be relocated or that she supported the boycott in Atlanta.

☆ The US cities suffering most from inflation
▼ + stars: | 2022-10-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The year-over-year inflation rate is relatively high in the metro area of Phoenix, based on data for 23 metros. Inflation rates are relatively low in the metro areas of San Francisco, New York, and DC. US inflation data out last Thursday showed inflation remains elevated. The Bureau of Labor Statistics also provides inflation data for 23 of the nation's biggest metro areas, and the following chart shows year-over-year inflation rates for those cities. Americans across the nation are being affected by inflation, whether in the metro areas where inflation is above the national rate or not.

☆ A curious rally is occurring Tuesday in one of the hardest hit stock groups
▼ + stars: | 2022-10-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

The bond market splashes some cold water on the stock market's attempt at upside follow-through to Monday's strong but familiar one-day pop. It happened just as the S & P 500 revisited the "island" left by its early-October rally. The October high of 3,806 remains an initial mile-marker with tests all the way up to the 200-day average around 4,150. This is a precondition for a serious rally that challenges the entrenched downtrend, but not in itself enough to make one happen. It's good to have a high wall of worry for stocks to climb, barring serious market instability.

☆ Herschel Walker tries to turn 'prop' badge controversy into campaign gold
▼ + stars: | 2022-10-17 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +12 min

And Walker’s campaign told NBC News that it has ordered 1,000 imitation plastic law enforcement badges that say “I’m with Herschel” as a fundraising tool. “Herschel Walker has been a friend to law enforcement and has a record of honoring police,” said Gail Gitcho, the Walker campaign strategist who ordered the badges Saturday. "It just gives us a chance to talk about Herschel’s support of law enforcement and law enforcement's support for him. If he said, ‘I’m a law enforcement officer and I have these powers,’ then I have a problem with that. Asked whether he had a problem with Walker’s flashing the honorary badge onstage, Wilcher said: “No.

“It’s a lie,” Walker, an anti-abortion Republican and former football star, told NBC News in an interview airing Monday on "TODAY." Just to show me things like that does nothing for me.”In Sunday’s interview, Walker acknowledged the $700 check was his but again said he had no knowledge of what the money might have been for. The woman told NBC News that this was the only payment Walker ever sent her prior to having their child. Walker, during a debate with Warnock on Friday, said he supported a Georgia abortion ban that provides exceptions for rape, incest and when the mother’s life is at risk. “That is a legit badge,” Walker said.

☆ GOP Senate candidate Herschel Walker — who claims to have worked 'with every law enforcement around the county' — flashes 'prop' police badge on debate stage
▼ + stars: | 2022-10-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

While debating Senator Raphael Warnock, candidate Herschel Walker flashed a "prop" police badge in violation of the rules. While discussing their reputations working with law enforcement, Warnock noted Walker's past false claims of serving as a police officer, prompting Walker to flash the badge. "I said I worked with law enforcement, which I have," Walker told NewsNation, displaying the badge from Johnson County he had held up earlier. "I never said I went out to do anything, but I have worked with every law enforcement around the county." It is unclear whether Walker's badge is official or an honorary title akin to the one he had from Cobb County.

☆ Bill Maher says Georgia Senate candidate Herschel Walker is an 'idiot' on 'a scale almost impossible to parody'
▼ + stars: | 2022-10-15 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +4 min

Bill Maher slammed Georgia Senate candidate Herschel Walker on Friday. Maher took aim at the candidate's recent scandals including one centered around Walker's former girlfriend's abortion. Maher took aim at several false statements made by Walker, who is running for Senate in Georgia, as well as allegations of violence against the former football player. "He's just a fucking idiot on a scale almost impossible to parody," Maher said on his show Real Time. Maher highlighted how Walker previously falsely claimed he was in the FBI, and a police officer.

The Justice Department in its petition to the Atlanta-based 11th U.S. Circuit Court of Appeals said U.S. District Judge Aileen Cannon exceeded her authority when she named the special master to vet the more than 11,000 seized documents. The Justice Department is investigating whether Trump broke the law by taking government records to his Florida estate after leaving office in January 2021. Now, the Justice Department is appealing the rest of Cannon's order. Prosecutors said in a court filing this week they had turned over the bulk of the seized records for Trump's attorneys to review.

☆ Bostic acknowledges accidental trading that violated Fed's ethics code
▼ + stars: | 2022-10-14 | by ( Michael S. Derby | ) www.reuters.com time to read: +6 min

Under the rules then in place, Fed officials were prohibited from owning stocks in banks overseen by the central bank. INDEPENDENT REVIEWBostic's revised financial statements are the latest development in a broader controversy facing the central bank. At the start of this year, Richard Clarida, who was then second-in-command of the central bank, resigned from his position early amid questions about his trading in 2020. It extended the new ethics restrictions to family members of central bank leaders and senior staff. The Inspector General cleared Powell and Clarida of wrongdoing, but said an investigation of regional Fed trading activity is ongoing.

☆ Bostic acknowledges accidental trades that violated Fed ethics code
▼ + stars: | 2022-10-14 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Bostic explained in a note that accompanied revised financial disclosure forms going back to the start of his tenure as Atlanta Fed president in 2017 that trades violating the ethics code were made by financial advisors. Under the rules then in place, Fed officials were prohibited from owning stocks in banks overseen by the central bank. INDEPENDENT REVIEWBostic's revised financial statements are the latest development in a broader controversy facing the central bank. It extended the new ethics restrictions to family members of central bank leaders and senior staff. The Inspector General cleared Powell and Clarida of wrongdoing, but said an investigation of regional Fed trading activity is ongoing.

☆ Federal Reserve probing Bostic's trading after blackout period transactions
▼ + stars: | 2022-10-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. The Federal Reserve is looking into trades that Raphael Bostic, the head of the central bank's Atlanta district, made during restricted periods. Fed Chair Jerome Powell "has asked the Office of Inspector General for the Federal Reserve Board to initiate an independent review of President Bostic's financial disclosures," a Fed spokesman said. Trading by Fed officials over the past several years has been a hot-button issue. The controversy also led to a revised policy that severely restricts the moves Fed officials can make.

☆ U.S. retail sales unexpectedly flat in September
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 14 (Reuters) - U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods. Retail sales, which are mostly goods, are not adjusted for inflation. Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.4% last month. Data for August was revised higher to show these so-called core retail sales rising 0.2% instead of being unchanged as previously reported. Core retail sales correspond most closely with the consumer spending component of gross domestic product.

☆ Atlanta Fed President Bostic held more than $50K in Treasurys
▼ + stars: | 2022-10-14 | 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 EmailAtlanta Fed President Bostic held more than $50K in TreasurysCNBC's Steve Liesman joins 'Closing Bell: Overtime' to report on the news that the Atlanta Fed President Raphael Bostic violated the Treasury's conflict of interest rules.

☆ Delta forecasts another profit after summer boom drives record revenue
▼ + stars: | 2022-10-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. Delta Air Lines expects to post another profit in the last quarter of the year and said both leisure and business travel continue to recover. For the third quarter, Delta reported net income of $695 million, or $1.08 per share, on record revenue of close to $14 billion, the results of a surge in summer travel with high fares to match. Adjusting for one-time items, Delta posted earnings per share of $1.51, while adjusted revenue came in at $12.8 billion, 3% above 2019 levels, despite a smaller schedule. Adjusted revenue: $12.84 billion versus $12.87 billion expected.

In a filing on Tuesday, the Justice Department urged the Supreme Court to reject Trump's request because he has not pointed to any "clear error" in the lower court's decision or shown how he is harmed by it. Cannon had temporarily barred the Justice Department from examining the seized documents until the special master she appointed, Judge Raymond Dearie, had identified any that could be considered privileged. The Justice Department has "attempted to criminalize a document management dispute and now vehemently objects to a transparent process that provides much-needed oversight," Trump's lawyers added. At issue in the 11th Circuit's ruling were documents bearing classified markings of confidential, secret or top secret. In an interview on Fox News last month, Trump asserted that he had the power to declassify documents "even by thinking about it."

☆ Comedians sue over drug search program at Atlanta airport
▼ + stars: | 2022-10-11 | by ( Kate Brumback | ) www.nbcnews.com time to read: +6 min

Lawyers for the two men filed a lawsuit Tuesday in federal court in Atlanta alleging that they were racially profiled and illegally stopped by Clayton County police at Hartsfield-Jackson Atlanta International Airport. The Clayton County Police Department did not immediately respond Tuesday to an email seeking comment. Clayton County police said at the time that it was “consensual.”“Mr. The lawsuit names Clayton County and the police chief, as well as four police officers and a district attorney’s office investigator. The comedians seek a jury trial and ask that the Clayton County police jet bridge interdiction program be declared unconstitutional.

☆ Delta just gave the clearest indication yet of how electric flying taxis will change the experience of flying with airlines
▼ + stars: | 2022-10-11 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

Delta Air Lines has made a $60 million investment in an eVTOL aircraft. The five-seater air taxi is being produced by Joby Aviation and is planned to enter service by 2024. Delta says it will help some customers avoid traffic by quickly transferring between city centers and airports. The aircraft, which is expected to enter service as soon as 2024, is engineered to fly up to 200 miles per hour with a range of 150 miles. In addition to Delta, Joby has partnered with Tokyo-based All Nippon Airways to bring air taxi transfers to Japan.

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