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Some of their sharpest exchanges during the televised debate, however, came when asked to lay out their stands on abortion. Their remarks, which took place about three weeks before the Nov. 7 election, came against the backdrop of Kentucky's current abortion law, which bans the procedure except when carried out to save a pregnant woman’s life or to prevent a disabling injury. Cameron went on the attack by pointing to Beshear’s opposition to abortion restrictions passed by the state’s GOP-dominated legislature. Beshear also made another pitch for his plan for state-funded pre-K for every 4-year-old in Kentucky. Beshear criticized Cameron for supporting a Republican-backed measure to award tax credits for donations supporting private school tuition.

Persons: Andy Beshear, Daniel Cameron, Beshear, Roe, Wade, —, Cameron, Andy Beshear’s, ” Beshear, ” Cameron, he's, Cameron’s, Ford, ” Ford, Joe Biden's, “ Organizations: Republican, Northern Kentucky University, autoworkers, Plant, U.S, Supreme, GOP, Kentucky Supreme, United Auto Workers, Detroit, UAW, Ford, SK Innovation, Democratic, Washington , D.C Locations: Kentucky, Highland Heights , Kentucky, Louisville, Kentucky's, South Korea, Glendale, Beshear, Washington ,

☆ A California hedge fund's noncompetes drew outcry from employees. Now, it's doing away with the practice for former staffers.
▼ + stars: | 2023-10-15 | by ( Alex Morrell | ) www.businessinsider.com time to read: +4 min

California quantitative hedge fund The Voleon Group is abandoning its controversial practice of demanding that ex-employees recuse themselves from the industry for two years without pay. The $5 billion fund, based in Berkeley, California, has long imposed one of the industry's harshest noncompetition agreements despite California lawmakers' efforts to eliminate the practice. Insider last week reported on Voleon's noncompete policies, which the company has at times tried to enforce using intimidation and legal threats, ex-employees told Insider. "I don't know anyone who hasn't signed," a former employee previously told Insider, adding that Voleon managers encouraged employees to sign the agreement. A Voleon spokesman previously told Insider: "Like most hedge funds, in order to protect its most sensitive intellectual property, Voleon requests that select employees sign noncompetition agreements."

Persons: they'd, Lee Koffler, hasn't, Voleon, that's, — Organizations: Company, Voleon, Labor Locations: California, Berkeley , California, York

☆ Dillon Danis: ‘Revenge porn’ lawsuit against fighter overshadows major influencer boxing event, also involving Logan Paul, KSI and Tommy Fury
▼ + stars: | 2023-10-12 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Involving internet stars Olajide “KSI” Olatunji, Logan Paul, Tommy Fury and Dillon Danis, it’s an event that’s widely viewed as the most highly-anticipated bill ever involving non-traditional boxing stars. Staged in Manchester, England, on Saturday, KSI will face Fury, while Paul fights Danis. Boxing involving non-traditional fighters has come a long way since it began to gain traction as a form of entertainment. Logan Paul (middle) and Nina Agdal (right) attend the UFC 284 event at RAC Arena on February 12, 2023 in Perth, Australia, alongside KSI (left). In their face off a month before the fight, Paul called Danis “pathetic” and “vile” for his barrage of tweets aimed at Agdal.

Persons: Olajide, Logan Paul, Tommy Fury, Dillon Danis, KSI, Fury, Paul, Danis, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Paul’s, Paul’s fiancée, Nina Agdal, Agdal, ”, Chris Unger, ” Agdal, “, hasn’t, Brendan Schaub, ” Paul, Jesus, Schaub, ’, Jonathan Brady, he’d, “ Logan doesn’t, Nina Organizations: CNN, Fury, Danis, Twitter, District of, UFC, RAC Arena, KSI, Paul’s PR, Boxing Locations: Manchester, England, London, U.S, District of New Jersey, Agdal, Perth, Australia

☆ Hamas proudly committed war crimes. Is Israel's government about to do the same?
▼ + stars: | 2023-10-11 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +10 min

AdvertisementAdvertisementThere is no special carve-out in international law that allows the victims of war crimes to commit war crimes in return. War crimes are seldom punished if they are endorsed by a superpower. Even during the bloody post-9/11 period, Western governments refrained from announcing that they intended to commit war crimes. When it came to terrorists, he said during his first campaign, "you have to take out their families," an explicit endorsement of war crimes. But it took Vladimir Putin's 2022 invasion of Ukraine to fully put Trump's stated doctrine into practice — a modern military, in uniform, openly committing war crimes at scale.

Persons: Biden, Netanyahu, —, Michael Sfard, Tom Dannenbaum, Dannenbaum, Gallant, Benjamin Netanyahu, Marco Rubio, Mahmud Hams, Netanyahu's, Joe Biden, Donald Trump, Trump, institutionalizing, Vladimir Putin's, Trump's, Vladimir Putin, weren't Organizations: Service, Israeli Defense Forces, Tufts, Terrorists, CIA, Prosecutors, Hague, US Justice Department, ICC, Hamas Locations: Gaza, Israel, Europe, Southeast Asia, Latin America, Afghanistan, Ukraine

TALLAHASSEE, Fla. (AP) — Florida's Republican attorney general will oppose a proposed amendment protecting the right to an abortion if it makes next year's ballot, she told the state Supreme Court when she advised justices Monday that a petition has reached enough signatures to trigger a language review. Attorney General Ashley Moody notified the court of its responsibility and said she will eventually argue the language isn't valid, though she didn't explain why. DeSantis approved last year banning abortion after 15 weeks is being challenged in court. DeSantis, who is running for president, has said he would support a federal abortion ban after 15 weeks. If the amendment makes the ballot and is approved by at least 60% of votes cast, it would protect the right to an abortion up to the point the fetus can survive outside the womb.

Persons: —, Ashley Moody, DeSantis, — DeSantis Organizations: Republican, Republicans Locations: TALLAHASSEE, Fla

☆ How this 77-year-old widow lost $661,000 in a common tech scam: 'I realized I had been defrauded of everything'
▼ + stars: | 2023-10-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +19 min

Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.

Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, —, they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, —, Maryland, PNC, New York, Cayman Islands, Washington ,

☆ Iowa Democrats move caucus results to Super Tuesday
▼ + stars: | 2023-10-06 | by ( Emma Barnett | ) www.cnbc.com time to read: +3 min

Ambassador to the United Nation Nikki Haley as Haley speaks at the Des Moines Register SoapBox during the Iowa State Fair on August 12, 2023 in Des Moines, Iowa. Iowa Democrats are officially conceding the position they have held in every presidential nominating contest since 1972: going first. Iowa Democrats will still hold an in-person caucus on Jan. 15, 2024, but that caucus will be for "party business," which includes platform resolutions and electing unbound delegates and precinct chairs. Scanlan had been keeping a close eye on when the Iowa Democrats planned to open their results. He also added he is not ready to set the date for the New Hampshire presidential primary yet.

Persons: Nikki Haley, Haley, Rita Hart, Hart, St . Louis, Scanlan, Chris Sununu, —, I've Organizations: Republican U.S, U.S, United, Des, Fair, Iowa Democrats, Democratic National, Iowa Democratic, New, Granite State, New Hampshire Presidential, NBC News, New Hampshire Gov, Hampshire didn't, Democratic Locations: Des Moines , Iowa, Iowa, Carolina, New Hampshire, St ., Granite, ", Hampshire

Hadley Duvall, the Kentuckian shown in the ad, sounded unmoved by Cameron’s expression of empathy, responding: “It wasn’t really to share my story just with him. It should be their choice.”The ad went viral after its release last month, putting the debate about abortion exceptions at the forefront of the Kentucky governor's race. In the ad, Duvall talks about having been raped by her stepfather when she was 12 years old. Beshear has denounced the near-total abortion ban as extremist, pointing to the lack of rape and incest exceptions. Duvall said Tuesday that she sees Cameron's support of the current ban as untenable.

Persons: Daniel Cameron, Cameron, ”, Andy Beshear's, Hadley Duvall, ” “ Daniel Cameron, Roe, Wade, Joe Biden, Biden, I‘ve, ” Cameron, Beshear, Duvall, “, “ Hadley, I’ve, —, “ It’s Organizations: —, Democratic Gov, Kentucky, Supreme, Beshear, Democratic, GOP, Medicaid, Courier, Associated Press Locations: LOUISVILLE, Ky, U.S, Kentucky, “ Hadley ”, Owensboro

☆ Here's what you should know about the new pay disclosure laws
▼ + stars: | 2023-09-21 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

New York CNN —New York State is the latest jurisdiction to implement a pay disclosure law that requires employers to list salary ranges for open roles. “We’re seeing a patchwork [of different pay disclosure requirements], which makes it hard for multistate employers to navigate,” said Monica Snyder Perl, a partner at Fisher Phillips. Some laws require employers to disclose ranges just for base pay, but others mandate that information about compensation and benefits be included as well. The impact of the lawsAll the pay disclosure laws are relatively new. Leniency may continue until employers and regulators work out their questions about each jurisdiction’s pay disclosure rules, which are still being interpreted by employment lawyers and, in some cases, being amended by legislators.

Persons: Fisher Phillips, ”, Monica Snyder, headcount, Perl, Washington ” —, it’s, “, ” Perl Organizations: New, New York CNN — New, New York CNN — New York State, New York, New York State, Evergreen State, Colorado —, Society for Human Resource Management Locations: New York, New York CNN — New York, New York State, New York City, Ithaca, Westchester County, Washington State, Washington, Kansas, Colorado, Hawaii, Illinois, California

MIDDLETOWN, N.J. (AP) — Governments, organizations and businesses have set ambitious goals to combat climate change. Shawn LaTourette, New Jersey's environmental protection commissioner, hesitates to use the word “mandate” in describing the state's plans. Many of the world's countries signed the Paris climate accords, obligating them to reduce greenhouse gas emissions to certain levels. Anjuli Ramos, New Jersey director of the Sierra Club, agreed that meeting climate goals requires urgent action. A document released Tuesday said that by 2050, at least 90% of the state's residential and commercial buildings must be electrified to meet New Jersey's clean energy and climate goals.

Persons: Shawn LaTourette, ”, —, John Burzichelli, ” Ray Cantor, Rishi Sunak, Anjuli Ramos, “ It's, “, ‘ We’re, Wayne Parry Organizations: —, Democrat, New, New Jersey Business, Industry Association, British, Sierra Club, San Francisco and New, Twitter Locations: MIDDLETOWN, N.J, New Jersey, Shawn LaTourette ,, Jersey, California, Paris, China, India, U.S, Vermont, Rhode Island , Massachusetts , Connecticut, Maine, Michigan, Anjuli Ramos , New Jersey, San Francisco and, San Francisco and New York City, www.twitter.com

☆ Unions Fight in the States to Make Biden’s Climate Agenda Work for Workers
▼ + stars: | 2023-09-20 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

President Biden’s labor and environmental goals are colliding in the auto industry, where concerns over the electric vehicle transition underpin an autoworkers strike. But in states like Maine, unions and environmental groups have teamed up in an attempt to make a central promise of the president’s green agenda come true for workers. Mr. Biden has a favorite phrase when talking about the expansive climate bill he signed into law last year: “When I think climate — not a joke — I think jobs,” he said last month at the White House. “When I say climate means jobs, I mean good-paying union jobs.”That has not yet been the case for Mr. Biden’s agenda. Their efforts center on the development and deployment of offshore wind power, a sector that, like electric vehicles, is crucial to Mr. Biden’s economic and emissions goals.

Persons: Biden’s, Biden, ” Organizations: White Locations: Maine, Tennessee, South Carolina, Michigan

☆ GOP megadonor drops support for DeSantis' presidential bid, saying his 'ongoing battle with Disney' is 'pointless'
▼ + stars: | 2023-09-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Ken Griffin, a GOP billionaire megadonor, cited DeSantis "ongoing battle with Disney." But Griffin has been apparently dissatisfied with way DeSantis' campaign has been run, and his comments in the CNBC interview are his most definitive to date. The DeSantis campaign did not immediately respond to Insider's request for comment. The Florida governor has since struggled to break through as a presidential candidate, with former President Donald Trump leading the field by a substantial margin. AdvertisementAdvertisementAccording to recent polling averages, DeSantis currently has the support of somewhere between 12 to 15% of Republican primary voters nationwide.

Persons: DeSantis, Ken Griffin, megadonor, Griffin, Ron DeSantis, who's, Donald Trump, Law —, Disney Organizations: GOP, Disney, Service, Republican, CNBC, Citadel, POLITICO, Law, State of Locations: Wall, Silicon, Florida, State of Florida

☆ DeSantis megadonor still not sold on presidential bid, saying his 'ongoing battle with Disney' is 'pointless'
▼ + stars: | 2023-09-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Ron DeSantis' biggest 2022 donor, Ken Griffin, is still refusing to back his presidential bid. The DeSantis campaign did not immediately respond to Insider's request for comment. Disney has since sued the State of Florida, alleging that DeSantis has tried to "weaponize government power" over the company. The Florida governor has since struggled to break through as a presidential candidate, with former President Donald Trump leading the field by a substantial margin. It has been updated to reflect that Griffin has never supported DeSantis' presidential campaign, and remains undecided about supporting another candidate.

Persons: Ron DeSantis, Ken Griffin, DeSantis, Griffin, hasn't, who's, Donald Trump, Law —, Disney Organizations: GOP, Disney, Service, Republican, CNBC, Citadel, POLITICO, Law, State of Locations: Wall, Silicon, Florida, State of Florida

☆ AI-Driven Cataclysm Could Rock the Job Market: Top Economist
▼ + stars: | 2023-09-18 | by ( Aki Ito | ) www.businessinsider.com time to read: +33 min

Over the course of three conversations this summer, Acemoglu told me he's worried we're currently hurtling down a road that will end in catastrophe. "There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "I was following the canon of economic models, and in all of these models, technological change is the main mover of GDP per capita and wages," Acemoglu told me. In later empirical work, Acemoglu and Restrepo showed that that was exactly what had happened. "I realize this is a very, very tall order," Acemoglu told me.

Persons: who's, Katya Klinova, Daron Acemoglu, Simon Johnson, Acemoglu, Johnson, we've, he's, we're, Power, James Robinson, —, Robinson, David Autor, Pascual Restrepo, Restrepo, John Maynard Keynes, Simon Simard, Lord Byron, Eric Van Den Brulle, hasn't, it's, Gita Gopinath, Paul Romer, Romer, What's, Daron, GPT, Asu Ozdaglar, It's, Mark Madeo, Tattong, Erik Brynjolfsson, Brynjolfsson, There's, Yoshua Bengio, Yuval Noah Harari, Andrew Yang, Elon Musk, I've, That's, Aki Ito Organizations: Getty, MIT, of Technology, Hulton, London School of Economics, Stagecoach, Technology, —, International Monetary Fund, Microsoft, Asu, Companies, Computer, Greenpeace, Communications, Big Tech, Workers Locations: Silicon Valley, America, Boston, Istanbul, Turkey, Acemoglu, England, United States, Britain, Australia

☆ Why a single mom is stuck paying her ex husband's student debt — and needs his permission to make any changes to her payments
▼ + stars: | 2023-09-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Biden signed into law a bill allowing student-loan borrowers who combined balances with a spouse to separate their loans. They wouldn't owe payments, and if approved for administrative forbearance, their interest rates would be set to zero. Brigid, a 55-year-old borrower with spousal loans, told Insider she's experienced a similar dilemma. However, because of the strict nature of spousal loans, she would also have to meet the hardship requirements by, for example, also having cancer in order to receive the deferment. But she's been unable to receive administrative forbearance, and she's frustrated borrowers with spousal loans are blocked from opportunities federal borrowers are receiving.

Persons: Biden, Theresa, she's, Theresa —, —, Sen, Mark Warner, David Price, Joe Biden, Price, it's, That's, hasn't, servicer, Brigid, servicers, It's, they'll, Elizabeth Organizations: Service, Education Department, Federal Student Aid, Group, Family Education, forbearance Locations: Wall, Silicon, forbearance

The vote capped a legislative session in California that once again showed the strength of organized labor in the nation's most populous state. They could get unemployment benefits starting in January, which could benefit actors, writers and Southern California hotel workers who have been on strike for months. Organized labor's influence is easily explained by their prolific campaign donations, as they are some of the most reliable source of funds for the Democrats who control the state Legislature. In the spring, lawmakers agreed to Newsom's request to authorize state regulators to punish oil companies for price gouging. But California lawmakers passed bills this year to expand protections for young LGBTQ+ people.

Persons: Robert Rivas, ”, Pro Tempore Toni Atkins, “, Gavin Newsom’s, that's, He's, Newsom, Sen, Shannon, " Rivas, Newsom hasn't, ___ Sophie Austin, Austin @sophieadanna Organizations: California Hospital Association, Lawmakers, Democratic, Pro Tempore, Democrat, Democratic Gov, Republicans, Democrats, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Southern California, San Diego, Mexico, Shannon Grove, Hollister

☆ Congrats to New York workers: You may soon see just how underpaid you are
▼ + stars: | 2023-09-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Pay-transparency laws on the whole have helped companies develop healthier work environments, Ward said. AdvertisementAdvertisement"It can create a negative dynamic between new and old employees, and it can lead to really counterproductive comparisons of your peers, which ultimately demotivates those employees," Ward added. Over the past decade, dozens of laws were passed nationwide prohibiting employers from firing or reprimanding workers for publicly discussing salaries. Younger workers are more likely to discuss pay with their colleagues and friends — as well as on social media. Do you live in a state with pay-transparency laws?

Persons: they're, —, There's, Rachel Ward, We're, Ward, I've Organizations: Service, Orion Talent, Companies, Orion, Gartner, New York, Indiana Law Locations: York, Wall, Silicon, New York, California, Rhode Island, Washington, New York City, New, Indiana

☆ Georgia indicted Trump for trying to overturn the 2020 election. Why hasn't any other state?
▼ + stars: | 2023-09-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Georgia is the only state to indict Donald Trump for trying to overturn the 2020 election. Donald Trump and his merry band of indicted lawyers and fake electors tried to overturn the 2020 election results in Pennsylvania, Wisconsin, Arizona, New Mexico, and Michigan. Trump went further in Georgia than in any other state to overturn the results of the election. REUTERS/Elijah NouvelageIn addition to bringing criminal charges against Trump personally, Smith is examining other modes of interference in the 2020 election. "Those who wish to avoid felony charges in Fulton County, Georgia — including violations of Georgia RICO law — should not commit felonies in Fulton County, Georgia," Willis wrote.

Persons: Donald Trump, Trump, Fani Willis, David Graham, plumb, Norm Eisen, Amy Lee Copeland, Jack Smith, haven't, Elijah Nouvelage, Smith, Kathy Boockvar, Joe Biden, Boockvar, it's, Dana Nessel, Nessel, Alex Brandon Wisconsin, Josh Kaul, Aaron Ford, Josh Shapiro, Willis, schoolteachers, John E, Floyd, Eisen, Brad Raffensperger, Ronald Carlson, Brad, Joe Raedle, Jim Jordan of, shouldn't, —, Jordan, Floyd — Organizations: Service, Peach State, The New York Times ., Trump, DOJ, Capitol, New Mexico —, Justice Department, Washington, Washington Post, Security, Republican, RICO, Office, Brookings Institution, Biden, University of Georgia School of Law, Trump Force, State Locations: Georgia, Michigan , Wisconsin , Pennsylvania, Wall, Silicon, Pennsylvania , Wisconsin , Arizona, New Mexico, Michigan, Fulton County, Atlanta, The, Arizona, Pennsylvania, Nevada , New Mexico, Wisconsin, Michigan , Wisconsin, Georgia , Michigan, Fulton, Jim Jordan of Ohio, Fulton County , Georgia

☆ A Chinese woman held 16 jobs for 3 years and never showed up to work, report says
▼ + stars: | 2023-09-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A Chinese woman has been exposed in a massive wage fraud scheme, holding 16 jobs at once. The scheme brought in an estimated $7 million and involved 53 fake workers, Chinese media reported. Wage fraud is a massive problem in China, with at least 700 gangs working the system. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The woman, named only by the pseudonym of Guan Yue, was part of a massive labor fraud scheme worth almost $7 million, Chinese state-owned newspaper Xinmin reported.

Persons: Guan Yue, Guan, pseudonymously, Liu Jian, Liu, Yang Hong, they're Organizations: Service, unraveled Locations: China, Wall, Silicon, Shanghai

Beshear's campaign released a TV ad featuring a prosecutor denouncing the law's lack of exceptions for rape or incest. Matt Bevin played up his opposition to abortion while Beshear focused on education and other issues. Since then, Kentucky's “trigger law” abortion ban — passed in 2019 — took effect when Roe v. Wade was struck down. In Kentucky, Cameron’s office has gone to court to defend the trigger law ban and another anti-abortion state law that outlaws abortion after the sixth week of pregnancy. During a GOP primary debate in March, Cameron expressed support for the near-total abortion ban.

Persons: Andy Beshear, Daniel Cameron, Beshear, Erin White, Nobody, ”, Cameron, Beshear “, Joe Biden, Cameron “, Matt Bevin, —, Roe, Wade, ” Cameron, it’s, ” Beshear, ” Addia Wuchner, ” Wuchner, Tamarra Wieder, ” Wieder, “ Cameron, Tate Reeves, Brandon Presley, Emily Wagster Pettus, Sara Cline Organizations: — Democratic, Republican, Republicans, Supreme, Louisville Courier, Democrat Party, Democratic, U.S . Senate, Bluegrass State, U.S, Alliance, Republican Gov, Associated Press Locations: FRANKFORT, Ky, U.S, Kentucky's, Kentucky, ” Kentucky, Louisiana, Mississippi, Jackson, Miss, Baton Rouge, La

☆ Warren Buffett turns 93 today. Here are 6 of the investing icon's best birthday stories.
▼ + stars: | 2023-08-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

"On August 30, 2030 — my 100th birthday — I plan to announce that Geico has taken over the top spot, " Buffett said in his 2015 shareholder letter. AdvertisementAdvertisementIn his 1999 shareholder letter, Buffett credited Huggins' "fanatical insistence on both product quality and friendly service" for See's generating $857 million in pre-tax income since Berkshire took over. During the party, Dinsdale revealed he had attended a directors' meeting at Kansas Bankers Surety, an insurance firm that Buffett had long admired. "I'm now scheming to get invited to Jane's next party," Buffett joked. He illustrated the point in his 1990 shareholder letter, using a story about his granddaughter Emily's fourth birthday party a few months earlier.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Geico, he's, Huggins, Law Buffett, Charlie Munger, Chuck Huggins, See's, Charlie, Mrs B, Rose Blumkin, Mrs, Jane Rogers, Roy Dinsdale, Dinsdale, I'm, Jane's, Emily's, Emily, Gee, B's Organizations: Berkshire, Apple, Service, Progressive, Allstate, AlphaSense, Nebraska Furniture Mart, Kansas Bankers Locations: Wall, Silicon, Nebraska

To retire at 35 and live on investment income of $100,000 a year, you need at least $5.22 million invested. With an annual spending target of $65,000, you'll need about $3.25 million invested. How much you need invested to retire at 35According to Fry's calculations, an investor who leaves work at age 35 would need at least $5,225,000 in a taxable investment account on the day they retire in order to have an annual post-tax income of $100,000. If the investor reduces their target annual income to $65,000, they would need about $2 million less — or $3,250,000 — invested on the day they retire. Fry's simulation also did not factor in potential Social Security income.

Persons: Brian Fry, Fry, Read, Alyssa Powell, — Organizations: Service, Safe, JPMorgan, Social Security, Security, Social, Monte, Capital Locations: Wall, Silicon

☆ Malaysia PM vows to recover Goldman Sachs 1MDB settlement, warns of possible lawsuits
▼ + stars: | 2023-08-21 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Nurphoto | Nurphoto | Getty ImagesMalaysia's Prime Minister Anwar Ibrahim has vowed to recover the money Malaysians are owed from the 1MDB money laundering scandal, and says he hasn't ruled out the possibility of a lawsuit against Goldman Sachs. Anwar said Malaysian agencies were still in talks with Goldman Sachs, though ongoing discussions are "a bit complex." Asked to comment on Anwar's interview, Goldman Sachs referred CNBC to its second quarter earnings statement. It remains to be seen what would come out of the standoff between Malaysia and Goldman Sachs. "No one can deny the fact that Goldman Sachs was used, and partly used the authorities," Anwar said in his interview.

Persons: Malaysia's, Anwar Ibrahim, Malaysia's King, hasn't, Goldman Sachs, Anwar, CNBC's Martin Soong, Goldman, Muhyiddin Yassin, I've, —, Mahathir Mohamad, Anwar Malaysia's, Anwar's Pakatan, Najib Razak, Muhyiddin, Islam that's Organizations: Nurphoto, Getty, Malaysia's, 1Malaysia, Malaysia, CNBC, of, Malaysian, Barisan Nasional, Barisan, Perikatan Nasional coalition, Islamic, Malay Locations: Kuala Lumpur, Putrajaya, Malaysia, Malaysian, Anwar Ibrahim Malaysia, U.S, of Malaysia, United States, Malay, Federal

☆ Biden administration officials think that Joe Manchin, a key player in crafting the Inflation Reduction Act, has sometimes misinterpreted stipulations of the law, report says
▼ + stars: | 2023-08-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Biden admin officials feel that Joe Manchin has sometimes misinterpreted provisions of the IRA. Manchin sees the law as one focused on energy and says Biden wants it to be centered on climate. "This was about energy security and we have not heard a word about energy security out of their mouths since it was passed. His criticism of the White House can only serve to boost his standing in deep red West Virginia, as Biden remains unpopular in the state. But Manchin isn't pumping the brakes on his frustrations with Biden over the implementation of the law.

Persons: Joe Manchin, Manchin, Chuck Schumer, Biden, Sen, Joe Biden's, —, Virginia lawmaker's, Janet Yellen, Hannity, Richard Glick Organizations: Service, West Virginia Democrat, Democratic, White House, Washington, Fox News, Federal Energy Regulatory Commission, Democratic officeholder, Democratic Party, West Locations: Wall, Silicon, Virginia, West Virginia

☆ Thousands of student-loan borrowers celebrating Biden's latest debt relief might have to pay taxes on it in these 5 states
▼ + stars: | 2023-08-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden recently announced student-debt relief for over 800,000 borrowers on income-driven repayment. The American Rescue Plan said debt relief will not be subject to federal taxes through 2025. While most states adopted the same guidance, some states could tax the latest relief. However, states can choose whether to craft their tax laws in accordance with federal law — and while most states have chosen not to tax debt relief, some have. Along with the varying state laws, the blog said that borrowers who receive debt relief through Public Service Loan Forgiveness are exempt from taxes, along with those who receive relief if their school closed down.

Persons: Biden, Joe Biden's, — Organizations: American, Plan, Service, Joe Biden's Education Department, of Education, Mississippi North Carolina Indiana Wisconsin, Arkansas Revenue, Tax Foundation, Public Locations: Wall, Silicon, Mississippi North Carolina, Mississippi North Carolina Indiana Wisconsin Arkansas

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