DIRS.INFO The most relevant business & tech news

Police in Albuquerque, New Mexico, say the homes or businesses of four local and state politicians have been shot at since early December. Albuquerque Police Chief Harold Medina speaks with the media about the recent shootings at the homes and businesses of local elected officials. In the three cases that involved homes, the shootings involved eight to 12 rounds, police said. Eight shots were fired at the home of Bernalillo County Commissioner Adriann Barboa on Dec. 4. Most of the shootings happened in Albuquerque, which is in Bernalillo County.

☆ New Mexico Democrats' homes, offices shot at over past month
▼ + stars: | 2023-01-06 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

A day after gunfire hit Torrez's office, over a dozen shots were fired at then-Bernalillo County Commissioner Debbie O’Malley's Albuquerque home on Dec. 11, police said. On Tuesday night, multiple shots were fired at the southwest Albuquerque home of state Senator Linda Lopez. On Thursday, the downtown law office of state Senator Moe Maestas was struck, police said. "They are all members of the Democratic Party that we know, so there's always that connection," Albuquerque Police Chief Harold Medina told the press conference. Reporting By Andrew Hay in Taos, New Mexico; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Bernstein discusses impact of China's reopening on aviation industry
▼ + stars: | 2023-01-05 | 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 EmailUltra-low-cost carriers are probably the 'best place to be' in Europe's aviation industry: BernsteinAlexander Irving of Bernstein discusses the impact of China's reopening on the international aviation industry.

☆ ‘Madoff: The Monster of Wall Street’ Review: Ponzi Scheme of a Sociopath
▼ + stars: | 2023-01-04 | by ( John Anderson | ) www.wsj.com time to read: +1 min

The subject of director Joe Berlinger ’s captivating, penetrating, four-part “Madoff: The Monster of Wall Street” is described by one of its kinder voices as a “financial sociopath.” Later, someone just comes right out and calls him a “serial killer.” All of which may help explain our persistent obsession with the man who perpetrated the largest Ponzi scheme in U.S. history. After so many productions, dramatic and documentary, shouldn’t we be tired of Bernie Madoff ? One might as well ask if we’re tired of Charles Manson , or Jack the Ripper. It’s certainly not violence that makes the Madoff story magnetic, although the death toll does begin to resemble the post-heist body count in “Goodfellas” after Madoff’s nearly $65 billion rip-off goes belly up in 2008. Madoff, who died in 2021, is very matter-of-fact about the crimes he committed, dispassionate, even clinical.

☆ I'm a leg-lengthening surgeon. I won't do cosmetic procedures because they cheapen what my work is really about — fixing deformities.
▼ + stars: | 2022-12-29 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +11 min

Dr. S. Robert Rozbruch has led limb-lengthening and reconstruction surgery for more than 20 years. Rozbruch performs 350 to 400 limb-lengthening surgeries and deformity corrections a year. I also loved the TV show "M*A*S*H." The character Hawkeye Pierce, who's a surgeon, was like a mentor to me. I really like helping these kinds of patients and feeling their appreciation for something special that not every orthopedic surgeon can do. Cosmetic limb-lengthening surgeries are a one-offI do limb-lengthening reconstruction, not that bullshit cosmetic limb-lengthening that was discussed in GQ.

Here are 12 of the weirdest and most fascinating animal behaviors scientists spotted in 2022. Here are 12 bizarre and amazing things animals were spotted doing, some of which had never been seen before. It turned out that at least 12 species of primates had been reported doing so, a review published in the Journal of Zoology in October found. A dolphin swallowed 8 venomous sea snakesA sea snake (indicated with pink arrow), moments before it is captured and eaten by a Navy dolphin. Though animals have often been spotted using tools, these usually are used to give the animal a clear survival advantage.

REUTERS/Gonzalo Fuentes/File PhotoPARIS, Dec 9 (Reuters) - Antoine Arnault, the eldest son of LVMH (LVMH.PA) chairman and chief executive officer Bernard Arnault, has been named chief executive of family holding company Christian Dior SE, replacing veteran LVMH executive Sidney Toledano. Christian Dior SE is a listed company that owns the bulk of the Arnault family's stake in LVMH, the world's largest luxury group. The most visible of the five, Antoine Arnault, 45, oversees the group’s communications and environmental issues, driving efforts to shore up its reputation. The fashion label was folded into the LVMH group in 2017, and Christian Dior SE now holds 41% of LVMH, corresponding to 56% of the voting rights in the group. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 27, is chief executive officer of TAG Heuer.

☆ Ronaldo leads Portugal against South Korea after injury scare
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

Portugal, needing only a draw to be sure of top spot in Group H and mindful of the risk of yellow-card suspensions in the next round, have brought Diogo Dalot and Antonio Silva into the defence. Matheus Nunes, Vitinha and Joao Mario come into the midfield in place of Bernardo Silva, William Carvalho and Bruno Fernandes -- who scored twice in the 2-0 win over Uruguay -- while Ricardo Horta replaces Joao Felix up front. South Korea's Portuguese coach Paulo Bento left out central defender Kim Min-jae, who was an injury doubt, and replaced him with Kwon Kyung-won, while Lee Jae-sung and Lee Kang-in were drafted into midfield. The Koreans, with one point so far, must beat Portugal and hope the result of Ghana's match with Uruguay goes their way in order to reach the last 16. TeamsSouth Korea: Kim Seung-gyu, Kim Moon-hwan, Kwon Kyung-won, Kim Young-gwon, Kim Jin-su, Lee Jae-sung, Lee Kang-in, Jeong Woo-yeong, Hwang In-beom, Son Heung-min, Cho Gue-sungPortugal: Diogo Costa, Diogo Dalot, Pepe, Antonio Silva, Joao Cancelo, Matheus Nunes, Ruben Neves, Vitinha, Joao Mario, Cristiano Ronaldo, Ricardo HortaWriting by William Schomberg and Anita Kobylinska; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Billionaire investor Leon Cooperman says the S&P 500 won't hit a new high for a long time - and predicts a US recession and stubborn inflation
▼ + stars: | 2022-12-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Leon Cooperman expects the S&P 500 to eke out mediocre returns for the rest of this decade. The billionaire investor predicts a US recession and stubbornly high inflation. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "The 4,800 high this year will be the high for quite some time," he said about the benchmark stock index. Rising prices, declining growthA prolonged economic downturn and elevated inflation lie ahead for the US, Cooperman said.

☆ Tom Stoppard Fears the Virus of Antisemitism Has Been Reactivated
▼ + stars: | 2022-11-28 | by ( David Marchese | ) www.nytimes.com time to read: +19 min

I don’t think that it’s an equal participant in some kind of debate. I don’t think so. If you’re sitting there enjoying the structure, then I don’t think that’s entirely good news for the writer. I don’t know that I would actually pursue the subject as a playwright. You know, I’m told there is such a thing as the long view.

☆ There's still some growth in Southeast Asia's tech sector, analyst says
▼ + stars: | 2022-11-28 | 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 EmailThere's still some growth in Southeast Asia's tech sector, analyst saysVenugopal Garre of Bernstein discusses layoffs in the sector and its outlook in Southeast Asia.

☆ SocGen and Alliance Bernstein to launch global equities venture
▼ + stars: | 2022-11-22 | by ( Gabriel Araujo | ) www.reuters.com time to read: +1 min

PARIS, Nov 22 (Reuters) - Societe Generale (SOGN.PA), France's third-biggest listed bank, and U.S. investment management company Alliance Bernstein (AB.N) plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. SocGen plans to take a 51% interest in the venture, with an option to take 100% ownership after five years, the French bank said, adding that the business would boost its profit from 2025 onwards. The joint venture will be run as a long-term partnership under the Bernstein name and will be headquartered in London. Robert van Brugge, CEO of Bernstein Research Services, will become CEO of the new entity for an initial term of five years, with Stephane Loiseau, head of SocGen's cash equities business, becoming his deputy. Reporting by Sudip Kar-Gupta Editing by Kirsten Donovan and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ SocGen’s BNP envy carries a cost
▼ + stars: | 2022-11-22 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

It mimics BNP Paribas’s (BNPP.PA) deal with European peer Exane, which the French group took over last year. SocGen research analysts cover around 500 mostly European stocks, according to JPMorgan, compared with AllianceBernstein’s more international coverage of roughly 800 companies. Second, the venture makes the French bank’s equities business less reliant on derivatives and structured products, which led to heavy losses in 2020. Trading cash equities and selling research typically chews up much less capital and leads to fewer blow-ups. And the wider equities trading business is increasingly dominated by larger players, especially U.S. banks.

☆ FTX flop evokes history’s great financial swindles
▼ + stars: | 2022-11-18 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

As Walter Bagehot wrote in “Lombard Street” in 1873, “The good times too of high price almost always engender much fraud. As cryptocurrencies declined in value, FTX provided a line of credit to BlockFi, a stricken crypto-lender. He talked about Three Arrows Capital, the failed crypto hedge fund, as engaged in “punting”. His firm launched a product based on a basket of crypto assets that it called Shitcoin Index Perpetual Futures, with the unsubtle ticker SHIT-PERP. He commissioned an advertisement, aired during the Super Bowl, in which the comedian Larry David casts doubt on the viability of FTX.

☆ Never seen 'such a complete failure' of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy
▼ + stars: | 2022-11-17 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

Ray formerly served as the CEO of Enron after the implosion of the energy titan. He promised to work with regulators to investigate FTX founder Sam Bankman-Fried. Bankman-Fried." Ray excoriated Bankman-Fried and his management team for what were described as lackadaisical controls on systems and regulatory compliance. Coordinating with regulators, Ray wrote, the chapter 11 bankruptcy process would examine the actions of Bankman-Fried in connection with FTX's collapse.

☆ Questions about Elon Musk's Twitter takeover bleed into his pay-package trial, annoying Musk: 'Are we in the Tesla trial or Twitter trial?'
▼ + stars: | 2022-11-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The billionaire was sued by a shareholder over his $50 billion Tesla compensation package. Musk appeared annoyed with questioning and asked, "Are we in the Tesla trial or Twitter trial?" "Are we in the Tesla trial or Twitter trial? "We're in cross examination in an interesting case Mr. Musk," Varallo said. Musk is facing a lawsuit from Tesla shareholder Richard Tornetta over his $50 billion Tesla compensation package.

☆ Video shows lemur picking its nose so deep it touches the back of its throat, then eats it — behavior previously unknown to science
▼ + stars: | 2022-10-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

A video shows a lemur picking its nose, a behavior never before observed by scientists. The animal shoves one of her long agile fingers all the way up her nose to her throat. The video shows Kali, an aye-aye living in the Duke Lemur Center in North Carolina, shoving her 3-inch long finger all the way up her nose, taking it out again, and licking it. A picture of a juvenile aye-aye shows its long slender fingers, which are used to hunt for bugs — and for nose picking. Renaud BoiselThe scan, above, showed the lemur's finger going all the way up its nose to the back of its throat.

☆ Welcome to the dangerous Swiss golf-baseball hybrid you've never heard of
▼ + stars: | 2022-10-25 | by ( Sean Coppack | Jack Bantock | ) edition.cnn.com time to read: +4 min

(CNN) To most people, the words Swiss sport and Emmental might trigger thoughts of Roger Federer eating cheese. Sending projectiles hurtling through the air at 200 miles per hour, all rise -- and then duck -- for Hornussen. Scoring starts if they reach the 100-meter line, with an additional point awarded for every 10 meters past the marker. "It's really dangerous if you don't see the Nouss or if one hits the bat and, two meters before the face, the Nouss changes direction," Kummer explained. Around 260 teams are active across a multi-league pyramid in Switzerland, with the top teams fighting it out for the Swiss Championship.

☆ How the PC slowdown could impact Microsoft and what it means for our investment thesis
▼ + stars: | 2022-10-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

In a note to clients Monday, Bernstein dove deep into Microsoft's Windows business after declining PC shipment data sparked renewed worries about its implications for the tech giant. By contrast, Bernstein estimates only around 20% of Windows revenue comes from consumer PCs. Club take The decline in PC sales after a few booming years during the Covid pandemic has been on our radar for months. However, Bernstein made an interesting case about the makeup of Windows revenue, and we see how the analysts could conclude that Microsoft won't be the hardest hit by the PC slowdown. A global recession is definitely one of the biggest near-term risks to Microsoft's results, so we'll want to hear how Microsoft's clients are acting.

☆ Bernanke bank-crisis Nobel requires markets sequel
▼ + stars: | 2022-10-10 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Oct 10 (Reuters Breakingviews) - Rarely has an academic put theory into practice like Ben Bernanke. Yet the resulting era of tight bank regulation and ultra-low interest rates helped build up risks in financial markets which are only slowly becoming apparent. Bernanke’s research, and that of fellow laureates Douglas Diamond and Philip Dybvig, put lenders at the heart of the economy. In 2021, they accounted for about half of total global financial assets, compared with two-fifths for banks. Years of loose monetary policy, under Bernanke and his successors, have pushed many of these market players to take on more risk.

☆ Nobel Prize in economics awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig for work on financial crises
▼ + stars: | 2022-10-10 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

London CNN Business —Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. Bernanke, who led the US central bank during the 2008 global financial crisis, received the award for his research on the Great Depression. While Bernanke served as chair, the central bank pioneered a program of quantitative easing, buying up assets to help stimulate economic growth. The Nobel prize, officially known as the Sveriges Riksbank Prize in Economic Sciences, comes with an award of 10 million Swedish kronor ($885,370) to be split equally among the laureates. It was not instituted by Alfred Nobel, but established by Sweden’s central bank and awarded in memory of Nobel.

☆ French luxury groups to highlight sector's resilience as demand holds up for now
▼ + stars: | 2022-10-10 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

PARIS, Oct 10 (Reuters) - French luxury groups LVMH (LVMH.PA), Gucci-owner Kering (PRTP.PA) and Hermes (HRMS.PA) are expected to post double-digit third-quarter sales growth as demand for high-end fashion from tourists and shoppers revamping post-pandemic wardrobes remains strong. Without citing a corresponding inflation figure, UBS estimates prices for the sector increased by 4.6% on average this year, through July. A Visible Alpha consensus cited by the bank points to 13% organic sales growth. Pusz expects 13% organic sales growth for Kering and 15% growth at constant rates from Hermes, over the period. LVMH posts third-quarter revenue on Oct. 11, while Kering and Hermes announce results on Oct. 20.

☆ Trump says Joe Manchin has gone 'off the rails' and should have been 'brought into the Republican Party long ago'
▼ + stars: | 2022-09-29 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Donald Trump said in a Truth Social post that Sen. Joe Manchin had gone "off the rails." One of the most prominent examples was when he gutted President Joe Biden's "Build Back Better" spending plan. "When people ask, 'What happened to Joe Manchin, why did he go off the rails?' "The fact is, Joe Manchin should have been brought into the Republican Party long ago," Trump wrote. In December, McConnell invited Manchin to join the GOP and slammed the Democratic Party for calling Manchin a "liar."

☆ Young Black activists are done waiting their turn for political office. They're taking on the 'John Lewis generation' of elder lawmakers who they say are out of touch.
▼ + stars: | 2022-09-29 | by ( Elvina Nawaguna | ) www.businessinsider.com time to read: +30 min

Most members of the Congressional Black Caucus are twice as old as the median Black person living in the US. The Congressional Black Caucus, a powerful voice for Black Americans, is significantly older than those it speaks for. Clay had replaced his father, William Lacy Clay Sr., a civil-rights icon and founding Congressional Black Caucus member who had represented the area since 1969. Tom Williams/CQ-Roll Call, Inc via Getty ImagesThe Congressional Black Caucus is reckoning with a leftward shift it's struggled to embrace. A spokesperson for the Congressional Black Caucus did not respond to Insider's request for comment.

☆ Another $372 mln on way to Bernie Madoff victims, Justice Dept says
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 28 (Reuters) - Victims of Bernie Madoff's Ponzi scheme can expect to soon receive another $372 million to help cover their losses, the U.S. Justice Department announced on Wednesday, putting total recoveries above $18.5 billion. Payouts to over 27,000 victims will come from the Madoff Victim Fund, a $4.05 billion government fund set up in 2013 and overseen by former U.S. Securities and Exchange Commission Chairman Richard Breeden. Following the latest distribution, the fund's eighth, victims will have received over $4 billion, covering some 88% of their losses, the department said. More than 40,000 claimants have been compensated through the victim fund, the Justice Department said. Another $14.5 billion has been recouped for customers of the former Bernard L. Madoff Investment Securities LLC by the court-appointed trustee liquidating that firm in bankruptcy.

Search resuls for: "of Bern"

25 mentions found