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☆ Florida's climate exodus
▼ + stars: | 2023-02-26 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Economy reporter Madison Hoff explains why "quiet" is the workplace word for 2023. This week's dispatchWhisper it, but "quiet" might just be the workplace word for this year, Insider's Madison Hoff writes. And although it doesn't use the word "quiet," there are related workplace terms floating around like "Bare Minimum Monday" and "Try Less Tuesday." But Arias Agencies is now at the center of an explosive lawsuit that alleges a pattern of unchecked sexual assault and harassment. What to know about Florida's climate exodus.

Efforts to recoup them will highlight major flaws in political donations. On Thursday, former Chief Executive Sam Bankman-Fried was hit with additional criminal charges, including an accusation that he conspired with two former FTX executives to make more than 300 illegal political donations. Ray is hoping to add politicians’ returned donations to his coffers, and past blowups suggest he will have some luck. Madoff and Stanford’s political contributions, totaling hundreds of thousands of dollars each, pale in comparison to the $84 million-plus FTX executives gave campaigns. No other FTX executives, including Ryan Salame and Nishad Singh, have been charged with campaign finance violations at this time.

☆ Carvana’s losses widen as the used-car market stalls
▼ + stars: | 2023-02-23 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

Auto industry supply chain problems that decreased the supply of new cars led to dramatic increases in the price of Carvana’s product, used cars. Many of thoe issues have begun to resolve in the new car market and, consequently, used car prices have recently started to come down. The number of cars Carvana sold in the fourth quarter last year dropped 23% from a year earlier to about 87,000 while overall revenue declined 24%. For the full year, Carvana sold 3% fewer vehicles while revenue, at $13.6 billion, increased 6%. As the numbers of cars sold has dropped, though, the reductions haven’t yet been visible in per-vehicle profits, they said.

☆ Zelenskyy wore his signature olive-green sweater to meet King Charles during his surprise visit to the UK. Here's why he is rarely seen without it
▼ + stars: | 2023-02-08 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Ukrainian President Volodymyr Zelenskyy met King Charles III in Buckingham Palace on Wednesday. The Ukrainian leader wore his casual, olive-green crewneck during the meeting. Zelenskyy previously said he only plans on changing his signature look if Ukraine wins the war. Zelenskyy and King Charles met in the 1844 room of Buckingham Palace, where the king has previously had an audience with British prime ministers. In an interview with the Financial Times in December, the Ukrainian president said he plans to keep wearing his new outfit until after the war is over.

☆ A second 'Chinese surveillance balloon' has been spotted over Latin America, according to Pentagon officials
▼ + stars: | 2023-02-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Pentagon officials on Thursday identified the balloon as a "Chinese surveillance" device. On Friday, a second surveillance balloon was identified flying above Latin America. "We now assess it is another Chinese surveillance balloon," AP reported Brigadier General Pat Ryder, the Pentagon press secretary, said. Ryder declined to give additional details, such as where the second balloon was spotted. US Pentagon officials have declared the balloons surveillance devices.

☆ A suspected Chinese spy balloon was seen operating near a US nuclear base housing 150 Minuteman ICBMs
▼ + stars: | 2023-02-03 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

The US is tracking a suspected Chinese spy balloon, which has been hovering over Montana. Montana Senator Steve Daines said he feared it was targeting the state's nuclear missile base. Montana is home to the sprawling Malmstrom Air Force Base, which stores nuclear weapons. Malmstrom Air Force Base is one of three such bases in the US to contain Minuteman III intercontinental ballistic missiles, a strategic nuclear weapon. Malmstrom maintains 150 intercontinental ballistic missile silos across its 13,800-square-mile complex, according to The Telegraph.

☆ China admits the 'spy balloon' over the US belongs to it, but insists it wasn't for spying and ended up there by accident
▼ + stars: | 2023-02-03 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

The US is tracking what it termed a Chinese spy balloon, which has been hovering over Montana. On Friday, China confirmed the balloon belonged to it but said it was not being used for spying. In an official statement, China's foreign ministry said the balloon is a civilian airship used mainly for "meteorological research." "Clearly, the intent of the balloon is first surveillance, and so the current flight path does carry it over a number of sensitive sites," the official said. This has alarmed some officials, including Montana Senator Steve Daines, who said the fact the balloon was occupying Montana airspace "creates significant concern."

☆ US scrambles F-22s following reports of unidentified flying object over Montana believed to be a Chinese spy balloon
▼ + stars: | 2023-02-02 | by ( Charles R. Davis | Christopher Woody | ) www.businessinsider.com time to read: +4 min

The US is tracking a suspected Chinese spy balloon first spotted over Montana, per NBC News. The balloon has been hovering over the US "for the past few days," NBC reported Thursday. Video published by an NBC affiliate in Billings, Montana, shows a bright, unidentified object in the sky, which prompted flights to be diverted from the local airport on Wednesday. "It is not the first time that you've had a balloon of this nature cross over the continental United States," the official said. After the balloon was spotted, the US military responded by scrambling F-22 Raptors and other aircraft near Billings, prompting the civilian airport to be shuttered for some time.

☆ Boeing gets $1.62 bln contract to provide support for Minuteman III missile
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: 1 min

Feb 1 (Reuters) - Boeing Co (BA.N) has been awarded a $1.62 billion U.S. Air Force contract to provide guidance subsystem support for Minuteman III Intercontinental Ballistic Missile, the U.S. Department of Defense said on Thursday. The work under the contract would be performed at Hill Air Force Base, Utah, and is expected to be completed by Feb. 1, 2039, the statement said. Reporting by Deborah Sophia in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ A heart-shaped pendant linked to Henry VIII was dug up on an English farm, pointing to a more romantic side to the Tudor king
▼ + stars: | 2023-02-01 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

An amateur metal detectorist found a gold necklace linked to Henry VIII and his first wife. The locket is engraved with "H" and "K", the initials of the Tudor king and Katherine of Aragon. The heart-shaped locket is engraved with "H" and "K", the initials of the Tudor king and his first wife Katherine of Aragon. It is not known if the pendant belonged to Henry VIII, Katherine, or a courtier. Henry VIII is famous for his six marriages.

☆ Twitter's landlord sues after Elon Musk stops paying millions in rent at SF headquarters
▼ + stars: | 2023-01-24 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Twitter's landlord in SF accused the company of skipping out on rent since December. It's the latest landlord scuffle for Twitter, which was sued in the UK by King Charles III's firm. Twitter's headquarters at 1355 Market Street, where its landlord is suing over unpaid rent. Earlier this month, the landlord of Twitter's Hartford Building at 650 California Street, sued the social media company over some $136,260 in unpaid rent. In the UK, a real estate firm for King Charles III is also pursuing claims against Twitter there for unpaid rent.

☆ Unusual blood cancer cases among US troops who manned nuclear missile silos at a base in Montana are raising new questions for the military
▼ + stars: | 2023-01-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US military officers who worked at a nuclear missile base have developed cancer in recent years. An Air Force spokesperson told Insider that leadership is "aware of the concerns." "Senior leaders are aware of the concerns raised about the possible association of cancer related to missile combat crew members at Malmstrom AFB," Rose Riley, an Air Force spokesperson, told Insider. "The information in the briefing has been shared with the Department of the Air Force Surgeon General and our medical professionals are working to gather data and understand more." A spokesperson at Malmstrom Air Force Base confirmed to Insider that the base is aware of the situation but had no further information on the matter.

☆ Love named as second U.S. vice captain for 2023 Ryder Cup
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

Love boasts a wealth of Ryder Cup experience having played in the biennial competition between the United States and Europe six times before serving as captain in 2012 and 2016. Johnson, named captain last February, previously named his predecessor Steve Stricker as the first of his vice captains. "The Ryder Cup is one of the truly special events in all of sports, and I am so honored to be named a vice captain in Italy in 2023," said Love, who also served as vice captain in 2010, 2018 and 2021. "Zach has worked tirelessly since he was named captain, and I'm ready to do whatever it takes to help Zach and the entire U.S. The 2023 Ryder Cup will be played from Sept. 25-Oct. 1 at Marco Simone Golf & Country Club in Rome.

The chaos unfolding in the new Republican-controlled House shows that analysis, if it was ever true, certainly doesn’t hold today. Since the new Congress began Tuesday, every time Rep. Kevin McCarthy, R-Calif., has called a vote to be elected speaker, he has gotten no closer to the gavel. Though there is no shortage of backroom deal-making going on among House Republicans, either, the public nature of the leadership fight means many of the concessions McCarthy is offering have been announced by his opponents. Back in 1995, Newt Gingrich nudged aside longtime House Republican leader Bob Michel of Illinois to become the first Republican speaker of the House in 40 years after President George H.W. That helped oust House Speaker John Boehner, R-Ohio, in 2015 and then his successor, Paul Ryan, R-Wis., once a conservative darling.

☆ Pope Emeritus Benedict XVI dies at 95
▼ + stars: | 2022-12-31 | by ( Corky Siemaszko | ) www.cnbc.com time to read: +5 min

"With sorrow I inform you that the Pope Emeritus, Benedict XVI, passed away today at 9:34 in the Mater Ecclesiae Monastery in the Vatican," the statement said. Benedict was the longest-living pope, having surpassed Pope Leo XIII in September 2020. "We must think about what Pope Benedict said — 'It's the epoch of sin against God the Creator,'" Francis said at a gathering of Polish bishops. Unlike most priests, Benedict logged little time in parishes. In 2005, his first year as pope, he was accused in a lawsuit of having personally covered up a priest's abuse of three boys in Texas.

☆ "Yellowstone" prequel “1923” bring white grievances to Paramount Plus
▼ + stars: | 2022-12-18 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +5 min

It’s a grimmer chapter of an ongoing story, and one that is plagued by an inability to articulate why these white men murdering their way across the landscape are heroes worth rooting for. Cultural critics love prestige series. Few celebrated the end of the toxically misogynist “The Big Bang Theory,” or have seemed eager to discuss the resurgence of seemingly endless police procedurals starring white men. But the series has gained viewership year over year, with subsequent spinoffs debuting on new flagship streaming service, Paramount+. Like so many white male grievances, to question the logic is to side with the enemy.

London CNN —The UK may have been blanketed with snow this week, but you wouldn’t know it from the image on the Prince and Princess of Wales’ official Christmas card. The photograph, posted on the royal couple’s official social media accounts, shows them on a sunny family walk with their three beaming and bare-legged children: Prince George, 9, Princess Charlotte, 7, and Prince Louis, 4. Earlier this week, King Charles III issued the first official Christmas card of his reign. It features the couple looking at each other, with the King in profile wearing a beige suit and striped tie and Camilla in a green hat and jacket. Sign up for CNN’s Royal News, a weekly dispatch bringing you the inside track on the royal family, what they are up to in public and what’s happening behind palace walls.

☆ Here's how to watch FTX's current CEO testify before Congress — the same hearing ex-CEO Sam Bankman-Fried was expected to speak at before his arrest
▼ + stars: | 2022-12-13 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

The hearing, which was expected to include Sam Bankman-Fried before his arrest, will stream live. FTX Group's current CEO John J. Ray III is scheduled to testify at the panel. The hearing, titled, "Investigating the Collapse of FTX, Part I" was originally expected to feature testimony by both FTX Group's current CEO, John J. Ray III, and its founder and former CEO, Sam Bankman-Fried, who has indicated plans to appear remotely. Ray III, FTX's current CEO, had some harsh words for Bankman-Fried in his prepared testimony. You can follow along with the House hearing below, which is expected to kick off at 10 a.m. Eastern.

☆ Elon Musk and AOC finally agree on something: both have mocked Sam Bankman-Fried's lowly League of Legends rank
▼ + stars: | 2022-12-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Elon Musk mocked FTX founder Sam Bankman-Fried for his low League of Legends ranking. Nuff said," Musk tweeted on Saturday, reminding users of Bankman-Fried's surprisingly low rank of Bronze III in the game. His goading of Bankman-Fried marks him as an unlikely ally to LoL player and Democrat congresswoman Ocasio-Cortez, who previously mocked Bankman-Fried's rank as his empire crumbled around him. Bankman-Fried's Bronze is the second-lowest rank. "I play a lot more than you'd expect from someone who routinely trades off sleep vs work," Bankman-Fried tweeted, suggesting it was an outlet to help him switch off.

☆ House election results put McCarthy on track for speaker, and Democrats on track for retribution
▼ + stars: | 2022-11-23 | by ( W. James Antle Iii | W. James Antle Iii Is The Washington Examiner'S Politics Editor | Author Of | ) www.nbcnews.com time to read: +8 min

House Minority Leader Kevin McCarthy, likely the chamber’s next speaker, is holding firm to his pledge to strip three liberal Democrats of their committee assignments when the new Congress is seated next year. That’s not sitting well with Democrats, as they are about to enter the House minority for the first time in four years. By breaking tradition and meddling with committee assignments across the aisle, they had to know they were triggering years of partisan tit for tat. Republicans considered punishing her by taking her committee assignments, but Greene apologized for some of her worst statements, and her colleagues relented. Many lawmakers are discovering social media and cable news are a better path to influence than committee assignments.

☆ Jury to begin deliberating in Oath Keepers' Jan. 6 seditious conspiracy trial
▼ + stars: | 2022-11-21 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

Oath Keepers founder Elmer Stewart Rhodes III is facing trial alongside four other defendants: Jessica Watkins, Kelly Meggs, Kenneth Harrelson and Thomas Caldwell. Watkins, Meggs and Harrelson went inside the Capitol during the attack, while Rhodes and Caldwell were present on restricted Capitol grounds on Jan. 6. Federal prosecutors have not proven that the Oath Keepers had an organized plan to storm the Capitol before Jan. 6. Three defendants — Rhodes, Caldwell and Watkins — took the stand in their own defense during the trial, which began with opening arguments on Oct. 3. In 1995, a jury convicted "Blind Sheikh" Omar Abdel-Rahman and others on seditious conspiracy charges in connection with the 1993 World Trade Center bombing.

☆ How did Democrats make it so close in the House midterm elections?
▼ + stars: | 2022-11-17 | by ( ) www.nbcnews.com time to read: +18 min

While the GOP did still take the House, the close margin of victory was a performance well below what was possible. Here are eight perspectives from across the ideological spectrum on why the Democrats were able to make it so close. And this reality was essential given the defection of Black and Latino voters to the Republican Party and its candidates. America can credit Democratic West Virginia Sen. Joe Manchin’s obstruction of a democracy bill and an economic bill for the narrow Republican House majority. But now, America needs to deal with a Republican House, thanks in good part to Manchin’s obstruction.

☆ Canada's largest pension fund CPPIB among the investors indirectly hit by FTX blowup
▼ + stars: | 2022-11-15 | by ( Danielle Walker | ) www.businessinsider.com time to read: +4 min

The Canada Pension Plan Investment Board had an indirect exposure to FTX through a Sequoia private-equity fund it was invested in. Ontario Teachers' Pension Plan said last week that it had invested a total of $95 million in FTX International and its US entity since October 2021. The Canada Pension Plan Investment Board, one of the world's largest pension funds, can be counted among the investors now impacted, either directly or indirectly, by the blowup of crypto exchange FTX. Toronto-based CPPIB has an indirect exposure to FTX through its investment in a Sequoia Capital private-equity fund. Sequoia's other impacted fund, SCGE Fund, L.P. had $63.5 million invested in FTX and FTX US, according to the firm's letter to clients.

☆ Factbox: What are FTX's investors saying?
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

Here's what investors in FTX are saying now:SOFTBANKThe total investment of SoftBank Group Corp's (9984.T) Vision Fund in the U.S. and international operations of FTX is less than $100 million, a source close to SoftBank said on Friday. The complications at FTX mark the latest difficulty for the Vision Fund, which has been hit in recent quarters by a global tech rout. SEQUOIA CAPITALSequoia Capital said on Wednesday that it would mark down its total investments in FTX to $0. ONTARIO TEACHERS PENSION PLANThe Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million in FTX. CIRCLEFintech company Circle CEO Jeremy Allaire said in a tweet on Wednesday that "Circle is a tiny equity holder of FTX, and FTX is a tiny equity holder of Circle."

☆ EU backs watering down of final Basel bank capital rules
▼ + stars: | 2022-11-08 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

LONDON, Nov 8 (Reuters) - European Union member states have backed a temporary watering down and two-year delay to 2025 for the final leg of the globally agreed Basel III bank capital rules, the Czech EU presidency said on Tuesday. EU states will now negotiate a final deal with the European Parliament in early 2023. Most of the Basel III rules, a set of tougher capital rules for banks after the global financial crisis more than a decade ago, have already been implemented. EU ministers backed a two-year delay to the start date for rolling out the final rules, pushing it back to January, 2025. Smaller banks would benefit from simpler disclosure, and EU states pushed back against attempts at stricter EU harmonisation in checking whether top bank staff are 'fit and proper'.

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