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☆ French Montana Lists His Los Angeles Mansion
▼ + stars: | 2023-06-26 | by ( Debra Kamin | ) www.nytimes.com time to read: 1 min

Karim Kharbouch, better known by his stage name French Montana, is bidding adieu to his 1.35-acre compound in Los Angeles’s exclusive Hidden Hills neighborhood, asking $22.75 million for the seven-bedroom, nine-bath home in one of the city’s most celebrity-studded communities. The Moroccan-born rapper bought the home in late 2020 from the basketball player Paul George, an all-star forward for the Los Angeles Clippers. He paid $8.4 million, which was something of a bargain: Mr. George had initially asked $9.5 million for the property, which is tucked behind gates on grounds that include a full-size basketball court, a fire pit, pool and spa with stone decking, and garages for five cars, and was willing to take the $1 million price cut after the property languished on the market for six months.

Persons: Karim Kharbouch, adieu, Paul George, George Organizations: Los Angeles Clippers Locations: French Montana, Moroccan

☆ A Family Trio Starts a New Chapter in the City. Where Could They Find Three Bedrooms?
▼ + stars: | 2023-06-22 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

Ms. Secor, a design consultant, looked out the window at Broadway and saw a stream of people fleeing north. Ms. Secor sold her TriBeCa co-op in 2005, and the couple welcomed twin girls, Romy and Naia, in 2006. But Ms. Secor had lived in New York for more than a decade before 9/11, and she missed the city. But Ms. Hill had different advice. Ms. Hill found some condos that fit the profile, streaming her visits on FaceTime so Ms. Secor could see them from Quebec.

Persons: Anne Secor, Secor, ”, “, Romy, Hill, Ms Organizations: World Trade, TriBeCa, Naia, New, Estate Agency Locations: TriBeCa, Manhattan, Canada, Quebec, Morin, Laurentian, New York, “ New York, Harlem, Flatbush , Brooklyn, FaceTime

Circuit Court of Appeals said the law adopted last year by Westchester County, New York, was valid under a 2000 Supreme Court ruling that rejected a challenge to a similar law in Colorado. The court said it was bound to follow that ruling unless the Supreme Court expressly overturns it. The Supreme Court in a 2014 case struck down a Massachusetts law establishing a 35-foot buffer zone around abortion clinics, but the court did not mention the Hill decision. Last year, an Ohio-based U.S. appeals court temporarily blocked a Kentucky county's 10-foot buffer zone, citing the 2014 Supreme Court decision. A Philadelphia-based appeals court is currently considering a challenge to a 20-foot buffer zone adopted by Harrisburg, Pennsylvania.

Persons: Debra Vitagliano, Vitagliano, Becket Law, Hill, Daniel Wiessner, Alexia Garamfalvi, Leslie Adler Organizations: U.S, Supreme, Circuit, Appeals, Vitagliano, Becket, U.S . Constitution, Thomson Locations: York, Manhattan, Westchester County , New York, Colorado, Westchester County, New York City, U.S ., . Colorado, Massachusetts, Ohio, Kentucky, Philadelphia, Harrisburg , Pennsylvania, Albany , New York

☆ The Thrill of New York, Despite an Awful Lot of One-Month Rentals
▼ + stars: | 2023-06-19 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

“I messaged the girl whose room we rented, and I remember asking her, ‘How did you move to New York? How much did it cost?’ I got all the information I could from her, because I was so interested in hopefully living there one day,” said Ms. Pearce. By late 2021, with international travel again sanctioned, she had waited long enough. She got the windowless sublet, but knew that if she didn’t also get a job, she would have to leave the country when her 90-day tourist visa expired. So she focused on her job search, as well as studying for a graduate certificate in marketing and digital strategy, which she was earning online.

Persons: ”, Pearce, “, didn’t Locations: New York, Australia, United States

☆ Forget retirement. These Baby Boomers are amassing huge social media followings
▼ + stars: | 2023-06-16 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +4 min

And that was the turning point in social media for me,” Polise said. And Chobani worked with 74-year-old Lynn Davis, whose cooking videos have attracted 15.7 million TikTok followers, for an ad promoting the brand. Most Americans on social media are between the ages of 18 and 29. But the number of people 65-plus on social media grows each year: In 2014, 21% of those in that age group were on social media, a figure that more than doubled to 45% by 2021, according to Pew Research. She says her over-the-top eclectic style catches the eye of her younger followers, inspiring them to take risks and express themselves.

Persons: Helen Polise isn’t, ”, I’ll, ” Polise, She’s, Polise, I’m, Goldman Sachs, Chobani, Lynn Davis, influencer Debra Rapaport, “ I’m, I’ve, “, messaged Organizations: New, New York CNN —, Brands, Hyundai, Pew Research Locations: New York, Palm Springs

☆ Hiding Behind the Hedges
▼ + stars: | 2023-06-16 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

Robert Frost may have thought good fences make good neighbors, but in Los Angeles, those fences are planted rather than built. “Hedges are a constant in every design I do,” said Brent Green, a veteran landscaper in Los Angeles whose clients include Regina King, Regina Hall and Sharon and Ozzy Osbourne. “You guys are all concrete in Manhattan, and for privacy you have doormen,” he said to a reporter. “But here in Los Angeles, you can live near a freeway, a heavily trafficked street or be right on top of your neighbor, and you’ll still have a backyard. Hedges create privacy and make that a usable space.”Los Angeles is a horizontal city, a sprawling quilt of stitched-together neighborhoods bounded by crags and ocean.

Persons: peeping Toms, Robert Frost, “ Hedges, ”, Brent Green, Regina King, Regina Hall, Sharon, Ozzy Osbourne, “, you’ll Organizations: Regina, Hedges Locations: Los Angeles, Manhattan

☆ This one-time strategy can waive IRS tax penalties. 'It’s like a get out of jail free card,' expert says
▼ + stars: | 2023-06-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

LAS VEGAS — If you received a tax penalty notice from the IRS, it's possible to get the fees waived in certain situations, tax experts say. "It's like a get out of jail free card," said Rosemary Sereti, managing director of Deloitte Tax and a former IRS senior executive. "Very frequently, these two penalties run together," said Debra Estrem, managing director of private wealth controversy at Deloitte Tax, who also worked at the IRS Office of the Chief Counsel. Another fee, the accuracy-related penalty, is typically assessed at 20% of the underpayment amount for cases of "negligence or disregard," according to the IRS. There's also a high fee for civil fraud — "a whopping 75% penalty" — but the IRS has the "burden of proof" for those cases, she said.

Persons: Rosemary Sereti, Debra Estrem, Estrem, There's Organizations: Deloitte Tax, IRS, American Institute of Certified Public Accountants, Finance Locations: Las Vegas

☆ All-cash homebuyers are becoming 'disruptive' to the housing market
▼ + stars: | 2023-06-08 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

As for the cash buyers who can pay in full without taking out a mortgage, their power has only increased. In April, cash buyers represented 33.4% of transactions, far above levels hovering around 25% for most of the past decade. The data is the latest sign that cash buyers are clashing with borrowers more than ever. "Cash offers used to be an occasional nuisance and now they're becoming disruptive" to the market, said Debra Shultz, a vice president of mortgage lending at CrossCountry Mortgage. At each turn, he lost them either because he'd been outbid, or because the seller went with a cash offer, she said.

Persons: Redfin, Cash, —, homebuyers begrudgingly, Debra Shultz, Shultz, he'd, Deanna Kory, Kory, she's Organizations: Service, CrossCountry Mortgage, Corcoran Group Locations: New York City, Manhattan, In New York City

☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

☆ Diageo's long-time boss Ivan Menezes dies after brief illness
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

June 7 (Reuters) - Diageo (DGE.L) on Wednesday said long-time boss Ivan Menezes, who held the CEO role at the world's biggest spirits company for 10 years, had died after a brief illness. The 63-year-old, who was set to retire at the end of this month, was in hospital receiving treatment for conditions including a stomach ulcer, the Johnnie Walker whisky maker announced this week. British-American national Menezes, born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997. The executive, who was behind the "Keep Walking" campaign for Johnnie Walker when he was marketing head, previously held roles at Whirlpool and Nestle. Menezes, who was awarded a knighthood this year, is survived by his wife and two children.

Persons: Ivan Menezes, Johnnie Walker, Debra, Menezes, Ivan, Javier Ferrán, Julio, Arvind Subramanian, Subramanian, Menzes, Eva Mathews, Sinchita Mitra, Dhanya Skariachan, Sherry Jacob, Phillips, David Evans Organizations: Diageo, American, Guinness, Grand Metropolitan, Whirlpool, Nestle, Government of, Indian Institute of Management, Thomson Locations: Indian, Pune, Government of India, Ahmedabad, India, Bengaluru

☆ Meta vs. TikTok: How they're each using AI to attract advertisers and which one is winning
▼ + stars: | 2023-06-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

The aim was a similar short-form video service to become more competitive in the space and slow down ad share losses. "This is a key leading indicator for monetization, and any incremental results from AI-driven targeting and measurement would accelerate the market share shift." In a digital advertising market where growth is limited, the battle for market share gains is critical. TikTok's AI strategy TikTok has seen a quick rise in viewership by virtue of predictive AI for content recommendation. TikTok advertisers can place ads through the platform's TikTok Ads Manager , offering automatic audience targeting and measurement tools.

Persons: TikTok, Debra Aho Williamson, Instagram, Aho Williamson, Rohit Kulkarni, Roth MKM, Kulkarni, Roth MKM Kulkarni, Oppenheimer, That's, Brad Erickson, Meta, Erickson, Meta's, Mark Zuckerberg's, Roth, Joe Biden, it's, we're, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique, Lightrocket Organizations: Facebook, TikTok, Meta, Insider Intelligence, Apple, CNBC, JMP Securities, RBC Capital, Citi, —, Oracle, Getty Locations: Beijing, Instagram, U.S, Montana

☆ Diageo's long-time boss Ivan Menezes passes away after brief illness
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Diageo (DGE.L) said on Wednesday long-time boss Ivan Menezes has passed away following a brief illness. The announcement comes after the world's biggest spirits company on Monday said CEO-designate Debra Crew would assume the top role on an interim basis immediately as Menezes was under medical treatment. British-American national Menezes, 63, who was born in the Indian city of Pune, joined Diageo after its formation through the merger of Guinness and Grand Metropolitan in 1997. Sales at Diageo, the maker of Johnnie Walker whisky, Tanqueray gin and Don Julio tequila, surged under Menezes' leadership, and he steered the company through multiple brand acquisitions as well as a major sustainability overhaul. Reporting by Eva Mathews in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Menezes, Debra, Menezes, Johnnie Walker, Julio, Eva Mathews, Sherry Jacob, Phillips Organizations: Diageo, American, Guinness, Grand Metropolitan, Thomson Locations: Indian, Pune, Bengaluru

☆ A Tony Nominee Shows Off Her Snug Upper West Side Rental
▼ + stars: | 2023-06-06 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

Bonnie Milligan, an actress known for her vocal range and belting voice, shares a snug rental on the Upper West Side with a college friend who is also a performer. Ms. Milligan’s bedroom is sufficiently small that she has to leave to change her mind. But the 30-something Ms. Milligan, a Tony nominee for her performance as the shifty, shiftless Aunt Debra in the musical “Kimberly Akimbo” (the awards ceremony is scheduled for June 11), isn’t much for trafficking in discouraging words. There’s a washer and dryer in the basement, and workout equipment in the courtyard. “Over the course of the 15 years I’ve been here, it has gone up $550 in total,” Ms. Milligan said.

Persons: Bonnie Milligan, Milligan, Aunt Debra, Kimberly Akimbo ”, I’ve, ” Ms Organizations: Lincoln Center

☆ Heading Uptown With $250,000 and Some Hope. Could They Afford a Co-op?
▼ + stars: | 2023-06-01 | by ( Debra Kamin | ) www.nytimes.com time to read: +2 min

Ms. Smith, a television lighting designer, and Mr. Estep, a theater props manager, were renting a three-bedroom townhouse with a terrace in Borough Park, Brooklyn. But their rent, at $1,850 a month, was well below market rate, and Ms. Smith, 40, and Mr. Estep, 43, couldn’t bring themselves to leave. The time had come to fulfill those wedding vows. “We needed somewhere that felt like home,” Mr. Estep said. Email: thehunt@nytimes.com]“It couldn’t be a bunch of compartmentalized rooms,” Mr. Estep said.

Persons: Dante Olivia Smith, John Estep, Smith, Estep, couldn’t, “, ” Mr, —, Mr, Ms, ” Allison Deutsch, ” Ms, Deutsch Organizations: Borough Park , Brooklyn ., Oxford Property Group Locations: Borough Park , Brooklyn, New York City, Midtown Manhattan, Harlem, Kingsbridge, Bronx

☆ Beyoncé and Jay-Z Join the $100 Million Home Club
▼ + stars: | 2023-06-01 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

Beyoncé and Jay-Z, no strangers to flashy real estate deals, reportedly upgraded from their $88 million mansion in Bel Air, Calif., to a $200 million Malibu property last month, officially erasing the line between going big and going home. The sale marks the most expensive residential real estate deal in California history — but not the most expensive in American history. That would be the $238 million sale in January 2019 of an unfinished penthouse on Central Park South, in Manhattan, to the billionaire hedge fund tycoon Kenneth C. Griffin. Still, California can claim 10 of the 20 most expensive property sales ever in the United States, according to data compiled by Jonathan Miller of Miller Samuel appraisals. Beyoncé and Jay-Z, who have bought and sold multimillion-dollar homes in Miami, New Orleans and the Hamptons, are now in a rarefied club of celebrities who own properties worth $100 million or more.

Persons: Beyoncé, Tadao Ando, William Bell Jr, Kurt Rappaport, Rappaport, Kenneth C, Griffin, Jonathan Miller, Miller Samuel Organizations: Calif, Malibu, TMZ, Westside Estate Agency, Park, Hamptons Locations: Bel Air, California, Manhattan, , California, United States, New York, Florida, Connecticut, Miami , New Orleans

☆ Former White House lawyer says Trump 'will go to jail' as Mar-a-Lago probe gathers momentum, per CNN
▼ + stars: | 2023-05-21 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +4 min

A former White House lawyer believes Donald Trump will go to jail, he told CNN. The DOJ is probing whether Trump obstructed justice in bringing classified documents to Mar-a-Lago. Charges connected with mishandling classified documents are punishable by up to 10 years in prison, per Reuters. Infighting within Trump's legal teamFormer President Donald Trump appears in court for an arraignment, Tuesday, April 4, 2023, in New York. While the Justice Department is probing whether Trump mishandled classified documents, it is also examining his possible efforts to interfere with the 2020 election.

☆ Exclusive: Special Counsel investigating Trump set to receive 16 records showing he knew process to properly declassify documents
▼ + stars: | 2023-05-17 | by ( Jamie Gangel Zachary Cohen Evan Perez Paula Reid | Jamie Gangel | Zachary Cohen | ) edition.cnn.com time to read: +6 min

Trump and his allies have insisted that as president, Trump did not have to follow a specific process to declassify documents. The 16 records may help federal investigators overcome a significant obstacle to a potential prosecution of the former president. The special counsel was also given access to other records not challenged by the Trump team. Ultimately, the special counsel identified the 16 records in question as relevant to the grand jury investigation. “You have the Presidential Records Act.

☆ Opinion: Vladimir Putin’s anxious time
▼ + stars: | 2023-05-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He imagines a boy sitting “upon the high and giddy mast” of a ship tossed by wind and waves. “Uneasy lies the head that wears a crown,” concludes the king in Shakespeare’s play. Russia said that President Vladimir Putin was the intended target of a foiled Ukrainian drone attack on the Kremlin, an allegation Ukraine denied. The unfortunate monarch who was the last to own the original St. Edward’s Crown, King Charles I, was convicted of treason and beheaded on January 30, 1649.

☆ Home Insurance Premiums Rise as Americans Flock to Weather-Worn States
▼ + stars: | 2023-05-05 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

In South Dakota, 8,424 new residents moved into the sparsely populated state in 2022, while insurance costs have jumped 39 percent since 2015. In dry, sunny Arizona, where nearly 71,000 new residents flocked in 2022, costs grew 28 percent. Conversely, states that lost significant numbers of residents saw insurance rates rise much more gradually. New York lost the most population in 2022 — nearly 300,000 residents — but saw home insurance jump only 17 percent, several points below average. While mortgage lenders typically require homeowners to carry home insurance, most policies do not cover floods.

☆ Midtown Atlanta shooting: A military vet is in jail, his mother apologized, and hospital patients and staff are traumatized
▼ + stars: | 2023-05-04 | by ( Ryan Young Gary Tuchman Elizabeth Wolfe Sara Smart Holly Yan | Ryan Young | Gary Tuchman | ) edition.cnn.com time to read: +12 min

The suspect, Deion Duwane Patterson, 24, was armed when he was arrested Wednesday evening, Cobb County Police Chief Stuart VanHoozer said Thursday. “Just be careful.”A mother of two was killedAmy St. Pierre was killed in the Atlanta shooting, medical examiners confirmed. Generous supporter of worthy causes, she was the social conscience of our family.”The family of Amy St. Pierre, who was killed in the Midtown Atlanta shooting, said she was their pride and joy. On Friday, two of the victims were still in critical condition in the ICU, said Robert Jansen, chief medical officer at Grady Health System. They need help.”‘The impact … is something you can’t imagine’The rush of shooting victims who arrived at Grady Memorial Hospital is not uncommon, the chief medical officer said.

☆ FTC proposes ban on Meta profiting from minors' data
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

The FTC's proposed changes include barring Facebook from making money off data collected on users under age 18, including in its virtual reality business. Meta, which also owns Instagram, relies on digital ads targeted on the basis of its users' personal data for more than 98% of its revenue. In a statement, Meta said the FTC action was "a political stunt" and that the FTC failed to act against "Chinese companies, like TikTok." Williamson said that some 5.2% of Facebook's monthly U.S. users are under 18, along with 12.6% of Instagram users. Separately, the FTC sued to stop Meta from buying the virtual reality content maker Within Unlimited but lost in court.

☆ When the Circus Came to a Ghost Town
▼ + stars: | 2023-05-03 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

No HurryGypsy Wood, an Australian burlesque dancer who performs in OPM, arrived at the February dinner party in her red convertible with her dog Marcello. Like many of Spiegelworld’s artists, circus life was handed down to her by her parents, who were traveling performers in her hometown Adelaide, Australia. Gypsy is her given name — “I wouldn’t have chosen this as my stage name. “Circus life is like being on a bus trip that you can’t get off. But you can’t leave, and there are like three coffee shops so you see everyone all the time.

journalist Austin Tice, reacts after a news conference in Beirut, Lebanon December 4, 2018. Austin Tice, a former U.S. Marine and a freelance journalist, was kidnapped in August 2012 while reporting in Damascus on the uprising against Syrian President Bashar al-Assad. President Joe Biden last year said Washington knows "with certainty" that Tice has at times been held by the Syrian government. "We’re extensively engaged with regard to Austin – engaged with Syria, engaged with third countries – seeking to find a way to get him home. The Wall Street Journal on Wednesday reported that the Biden administration has renewed direct talks with Syria over Tice's case and those of other Americans, citing Middle East officials familiar with the efforts.

☆ Biden Praises ‘Absolute Courage’ of U.S. Journalist Detained in Russia
▼ + stars: | 2023-04-30 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +2 min

It is also the first time that a Western journalist in Russia has been charged with espionage since the end of the Cold War. “Evan and Austin should be released immediately along with every other American held hostage or wrongfully detained abroad,” Mr. Biden said. Debra and Marc Tice, the parents of Mr. Tice, wrote an opinion article, published in The Washington Post last August, in which they urged Mr. Biden to step up diplomatic efforts to free him. Mr. Biden also called for the release of Paul Whelan, a former U.S. Marine serving a 16-year prison sentence in Russia on what the United States says are fabricated charges of espionage, and addressed Brittney Griner, a W.N.B.A. star who was freed in a prisoner swap in December after being detained for nearly 10 months in Russia.

A three-judge panel of the U.S. Court of Appeals for the District of Columbia said the law, which instructed the U.S. Circuit said the law "makes clear" that those leases are no longer subject to requirements of the National Environmental Policy Act, which requires a thorough look at environmental impacts of proposed major federal actions. Earthjustice attorney Steve Mashuda, who represented the environmental groups, said in a statement that the decision will harm Gulf communities and ecosystems. A spokesperson for the American Petroleum Institute called the order a “positive step toward more certainty and clarity for energy producers.”The Interior Department, which did not appeal the lower court decision, declined to comment. v. Debra Haaland et al., U.S. Court of Appeals for the District of Columbia Circuit, case No.

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