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☆ Congestion Pricing Ignites an Old Rift: Drivers vs. Transit Riders
▼ + stars: | 2024-06-02 | by ( Bernard Mokam | ) www.nytimes.com time to read: +1 min

In 2010, Filolaos Kefalas, an electrical engineer, drove a black Corvette into Manhattan for his first date with Lisa Daglian, a transit advocate. “You know you can take the train,” Ms. Daglian, 61, recalled saying. But Mr. Kefalas has his reasons for driving, he said. “Time is money,” Mr. Kefalas, also 61, said. “I try to go the quickest way possible.”The rift between Ms. Daglian, who now leads the Permanent Citizens Advisory Committee to the Metropolitan Transportation Authority, and Mr. Kefalas did not derail their romance — they are married.

Persons: Filolaos, Lisa Daglian, “, Ms, Daglian, Kefalas, ” Mr Organizations: Committee, Metropolitan Transportation Authority Locations: Manhattan, Bayside , Queens, United States

☆ Hecklers Drown Out Trump’s Backers With Cowbells and Whistles
▼ + stars: | 2024-05-20 | by ( Nate Schweber | ) www.nytimes.com time to read: +1 min

Donald J. Trump has been joined in recent days by entourages of supporters who watch his prosecution in the morning and then give statements backing him outside the courthouse. On Monday, the daily news conference disintegrated into chaos, when anti-Trump demonstrators and hecklers surrounded the speakers, then effectively silenced them with shouts, whistles and the clanging of a cowbell. Among the speakers on Monday in Collect Pond Park, across Centre Street from the courthouse’s front doors, were Bernard Kerik, New York’s former police commissioner, who was pardoned by Mr. Trump for eight felonies; Kash Patel, a former Trump administration intelligence official involved in his 2024 campaign; and Rep. Andrew Clyde, a Georgia Republican. Mr. Clyde said that “the judge is very one-sided,” and Mr. Patel said that the only person harmed had been the defendant: “That victim is Donald J. Trump.”

Persons: Donald J, Trump, entourages, Bernard Kerik, Kash Patel, Andrew Clyde, Clyde, Patel, ” Organizations: Trump, Mr, Georgia Republican Locations: Pond, Bernard Kerik , New, Georgia

☆ Getting Started With Savings
▼ + stars: | 2024-05-17 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Financial Boot Camp for 20-Somethings: Day 5 of 5It’s time to get your money in order. When you’re in your 20s, retirement seems so abstract, it might as well be thousands of years away. Getting started early for retirement is smart for the same reasons you may want to put it off: Time is on your side. If you set aside what you can now, the magic of compounding numbers — when you begin to earn interest on interest — can do more of the heavy lifting over time. In other words, saving early may result in having to save less over the long haul, which will take some pressure off as you’re juggling other demands that inevitably arise.

☆ Meeting Yourself Where You’re At
▼ + stars: | 2024-05-14 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

If you’re already in the work force, we have you covered. But no matter what situation you’re in, here’s the most important piece of advice: Ask for help. You’re not alone in your confusion, and there is no shame in raising your hand and asking a question (or 20). If You’re Already WorkingYour salary is your salary, at least for now. This will make it easier to ask for a raise, something my colleague, Tara Siegel Bernard, has written about in the past.

Persons: you’re, We’ve, You’re, you’ve, Tara Siegel Bernard

☆ 1 in 3 senior execs say a return-to-office mandate is pushing them to quit
▼ + stars: | 2024-05-14 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That earlier survey also found that 19% of non-exec workers would likewise quit if forced to pick up their commute again. AdvertisementOgawa said the findings were also notable because high-up executives are often the people tasked with implementing RTO mandates. That's a big drop from a prior survey in 2023, when 62% of CEOs held that expectation. Advertisement"They might not be looking to retain folks who wouldn't want to come back to the office," she said.

Persons: —, they'd, Gartner, Caroline Ogawa, execs, Ogawa, That's, Paul Knopp, Erik Bernard, What's, RTO Gartner's Ogawa, we've Organizations: Service, Gartner, Business, KMPG, KPMG US Locations: IT, Australia

☆ Former US Marine pilot arrested in Australia worked with Chinese hacker unknowingly, lawyer says
▼ + stars: | 2024-05-12 | by ( ) edition.cnn.com time to read: +3 min

CNN —A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said. The lawyer’s filing supports Reuters reporting linking Duggan to convicted Chinese defense hacker Su Bin. The case will be heard in a Sydney court this month, two years after his arrest in rural Australia at a time when Britain was warning its former military pilots not to work for China. Su Bin, arrested in Canada in 2014, pleaded guilty in 2016 to theft of US military aircraft designs by hacking major US defense contractors. Duggan asked Su Bin to help source Chinese aircraft parts for his Top Gun tourist flight business in Australia, Collaery wrote.

Persons: CNN —, Daniel Duggan, Duggan, Su Bin, Bernard Collaery, Mark Dreyfus, Collaery, Su Bin “, ”, AVIC, “, Mr Duggan Organizations: CNN, US Marine, Reuters, Gun, Australian Security Intelligence Organisation, US, AVIC, ASIO, US Navy Criminal Investigation Service, United Locations: Australia, Australian, Beijing, Sydney, Britain, China, Canada, United States, Australia’s Tasmania, backdated

☆ Dine and dash: A couple admitted to running out on more than $1,400 in restaurant bills over 10 months
▼ + stars: | 2024-05-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A UK couple confessed to multiple 'dine and dash' offenses, accruing over $1,400 in unpaid bills. 'Dine and dash' offenses are on the increase in the UK, a police official said. AdvertisementA couple from the UK admitted to committing several "dine and dash" offenses, running up unpaid bills worth more than $1,400, according to multiple reports. Bernard McDonagh, 41, and his 39-year-old wife Ann, of Port Talbot, pleaded guilty on Wednesday to failing to pay restaurant bills, the BBC reported. Between August last year and April, the couple ran up vast bills at four restaurants, as well as a Chinese takeout.

Persons: —, Bernard McDonagh, Ann, Ciao, Bella Ciao, Shirley Xue, Donna Jones, MailOnline Organizations: Service, BBC, Fortune, Golden Fortune, Telegraph Locations: Port Talbot, Swansea

☆ A Way to Beat High Mortgage Rates? Take Over Someone Else’s Loan.
▼ + stars: | 2024-05-09 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Home prices were already high when Ellen Harper, a software architect living in Atlanta, started searching for a house in 2021. But she couldn’t have anticipated the quick surge in interest rates the following year and, even with a large down payment, the new math made her uneasy. It’s an amount she’ll be able to comfortably afford into retirement thanks, in large part, to a 2.49 percent mortgage rate. That’s less than half the current rate of 7.09 percent on 30-year-fixed loans, the most popular type of mortgage. She found her home through Roam, a start-up that went live in September that lists homes with assumable low-rate loans, and assists buyers through the process.

Persons: Ellen Harper, Harper, Ms, ” Locations: Atlanta, Fairburn

☆ Sign Up for Your Money’s Financial Boot Camp for 20-Somethings
▼ + stars: | 2024-05-06 | by ( Mike Dang | More About Mike Dang | ) www.nytimes.com time to read: 1 min

It’s graduation season, which is a good time for people in their early 20s to start thinking about how to get a better handle on their finances. How do you balance paying off student debt with saving for the future? What’s the best way to create a proper budget? Very few people have their finances perfectly in order while figuring out their lives and careers in their 20s. We’ve put together a five-day financial boot camp for people in their 20s to get them thinking about jobs, budgeting, saving and tackling debt.

Persons: We’ve, Ron Lieber, Tara Siegel Bernard, Mike Dang

☆ Meet Delphine Arnault, Dior CEO and daughter of world's richest man
▼ + stars: | 2024-05-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.

Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, —, Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti

☆ Bernard Hill death: ‘The Lord of the Rings’ and ‘Titanic’ actor dies at 79
▼ + stars: | 2024-05-05 | by ( Thom Poole | Audry Jeong | ) edition.cnn.com time to read: +2 min

CNN —British actor Bernard Hill, best known for supporting roles in “Titanic” and “The Lord of the Rings” trilogy, has died, his family announced on Sunday. “It is with the greatest sadness that we must announce that Bernard Hill, renowned actor known for his roles in ‘Titanic’ and ‘Lord of the Rings,’ passed away in the early hours of this morning at the age of 79,” his family said in a statement. In James Cameron’s 1997 multi-Oscar winning “Titanic”, Hill plays the ship’s Captain Edward Smith as a man haunted by his role in the tragedy and ultimately resigned to his fate. We last see him alone, still clutching the ship’s helm, before the rising water bursts in through the windows. Bernard Hill in The Return Of The King, 2003.

Persons: Bernard Hill, ’, ”, Alison, Gabriel, ” Hill, Thatcher, James Cameron’s, Hill, Edward Smith, Shutterstock, Peter Jackson’s, King of Rohan, “ Gandhi, ” “ Shirley Valentine ”, Lou Coulson, Lindsay Salt, “ Organizations: CNN, BBC Locations: British, New

☆ A FAFSA Fiasco Has Students Still Asking: Which College Can They Afford?
▼ + stars: | 2024-05-05 | by ( Colbi Edmonds | Bernard Mokam | ) www.nytimes.com time to read: +1 min

By this time of year, college-bound high school seniors are usually celebrating their choices, researching dorms and even thinking of their majors. Because of a disastrous rollout of the new application for federal tuition aid, many still don’t know how much tuition they would be paying and so have not decided where they can afford to go. The Education Department’s redesigned form for the Free Application for Federal Student Aid, or FAFSA, was supposed to make applying for tuition aid easier and more accessible. But faced with a bureaucratic mess caused by technical meltdowns and severe delays in processing information and receiving aid packages, students say the new system has been anything but clear or streamlined. The first signs of trouble began in December with the form’s release and have cascaded since, creating uncertainties for students — with graduation right around the corner.

Persons: that’s Organizations: Federal Student Aid

☆ Bernard Hill, Actor in ‘Titanic’ and ‘Lord of the Rings,’ Dies at 79
▼ + stars: | 2024-05-05 | by ( Alex Traub | ) www.nytimes.com time to read: +1 min

Bernard Hill, a British actor who incarnated a humble style of masculine leadership in three hugely successful Hollywood movies, “Titanic” and two films in the “Lord of the Rings” franchise, died on Sunday. His death was announced in a family statement sent by a representative of Lou Coulson Associates, a British talent agency. It did not say where he died or provide a cause. Mr. Hill drew praise from critics for his work in serious TV dramas, small-budget films and theater. But he was best known for playing the ship’s captain in “Titanic” (1997) and the ruler of a horsemen’s kingdom in the second and third installments of the “Lord of the Rings” trilogy, “The Two Towers” (2002) and “The Return of the King” (2003).

Persons: Bernard Hill, Lou Coulson, Hill, King ”, ”, Ben, Hur Organizations: Rings, Lou Coulson Associates, Manchester Evening Locations: British

For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ A teen was found buried in concrete in a New York City building. A ring helped police learn her identity two decades later
▼ + stars: | 2024-05-01 | by ( Faith Karimi | ) edition.cnn.com time to read: +6 min

But this week, investigators finally revealed her identity: Patricia Kathleen McGlone, a 16-year-old who lived in Brooklyn. NYPDInvestigators believe Patricia was killed in late 1969 or early 1970 and buried in the basement of the building. With advanced forensics, they determined her parents’ identity and where they lived in Brooklyn, and scoured through local public documents. Decades earlier, around the time Patricia was believed to have been killed, the building housed a nightclub called The Scene, Glas said. The New York City Medical Examiner’s Office determined in 2003 that the skeleton belonged to a teenage girl who stood 5-foot-2.

Persons: CNN —, ”, Ryan Glas, Jane Doe ”, Patricia Kathleen McGlone, haven't, Patricia, Glas, Steve Paul, Jimi Hendrix, ” Glas, “, Bernard McGlone, Patricia Gilligan, Patricia’s Organizations: CNN, New York City Police Department, Brooklyn . Police, NYPD, Police, The New York, Medical, Office, Catholic Locations: Manhattan, New York City, Brooklyn, Glas

☆ What the Fed’s Moves Mean for Mortgages, Credit Cards and More
▼ + stars: | 2024-05-01 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

American households who have been hoping interest rates would soon decline may have to wait a bit longer. The Federal Reserve is expected to keep its benchmark interest rate unchanged on Wednesday. But yet another report of persistent inflation may ultimately cause the policy-making body to keep rates elevated for longer than it had previously expected. For people with money stashed away in higher-yielding savings accounts, a continuation of elevated rates translates into more interest earnings. But for people saddled with high cost credit card debt, or aspiring homeowners who have been sidelined by higher interest rates, a lower-rate environment can’t come soon enough.

Persons: they’ve Organizations: Federal

☆ Elon Musk is $36 billion richer since returning from his triumphant China trip
▼ + stars: | 2024-04-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk has gained $36 billion in net worth over the last week, per Bloomberg. Musk is reaping the benefits after Tesla shares surged following his successful trip to China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is $36 billion richer following his recent trip to China. Three years later, he's now behind LVMH boss Bernard Arnault and Amazon founder Jeff Bezos, with a current estimated net worth of $202 billion.

Persons: Elon Musk, —, Elon, Musk, Dan Ives, he's, Bernard Arnault, Jeff Bezos, Tesla Organizations: Bloomberg, Service, Tesla, SpaceX, Amazon Locations: China, China . China

☆ I took a higher-paying job instead of one where I could work from home. I'm not sure it was the right move.
▼ + stars: | 2024-04-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

He recently took a government job that paid more than another role where he would have been able to work remotely four days a week. While he likes the job, he has a long commute, so some days he's not sure he made the right decision. And I really like the work I'm doing now in this new job. What if we matched the salary and gave you one day working from home?" You can't be like, "Oh, I'm happy to work from home," and then do absolutely nothing because it's so obvious.

Persons: Erik Bernard, Bernard, —, he's, Erik Bernard Plus, I've, we've, It's, Erik Bernard I, I'm, you'll, aren't Organizations: Service Locations: Brisbane, Australia, America

☆ Match Group CEO says he has empathy for victims of romance scams but 'things happen in life'
▼ + stars: | 2024-04-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Romance scams typically targeting baby boomers and older generations are becoming increasingly popular on dating apps and websites, according to the Federal Trade Commission. Just last year, the FBI's Internet Crime Report estimated that Americans lost more than $650 million to romance scams. Bernard Kim, CEO of Match Group, spoke with CBS News on the growing threat of online romance scams carried out by people overseas. Match Group — which owns Match.com and Tinder — is the largest online dating company in the United States. Match Group did not immediately return a request for comment from Business Insider.

Persons: —, Bernard Kim, Kim, Grady Judd, Judd Organizations: Service, Federal Trade Commission, Business, FTC, Match, CBS News, CBS, Match Group Locations: United States, Polk County, Florida

☆ Eat, sleep, live luxury: LVMH is building whole cityscapes centered on their designer stores
▼ + stars: | 2024-04-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.

Persons: —, Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais

☆ Jeff Bezos says work-life balance is a 'debilitating phrase,' and that work and life are actually a circle
▼ + stars: | 2024-04-26 | by ( Britney Nguyen | Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Amazon founder Jeff Bezos thinks "work-life balance" is a "debilitating phrase." The billionaire and former Amazon CEO instead taught employees that work and life are a circle. AdvertisementJeff Bezos doesn't like the phrase "work-life balance," and has said in the past that he views work and life as actually a circle. "I get asked about work-life balance all the time," Bezos told Axel Springer CEO Mathias Döpfner. "If you can get your work life to where you enjoy half of it, that is amazing.

Persons: Jeff Bezos, Bezos, —, Jeff Bezos doesn't, Axel Springer, Mathias Döpfner, MacKenzie Scott, Shah Rukh Khan, Zoya Akhtar, Andy Jassy, fiancée Lauren Sanchez, doesn't, Katie Canales, Zoë Bernard Organizations: Amazon, Service, Vox's, AWS, Origin Locations: Mumbai

☆ Who Can Be Trusted for Retirement Advice? New Rules Strengthen Protections.
▼ + stars: | 2024-04-23 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

But many people don’t realize that the rules financial professionals must follow vary, depending on where they work and what products they’re selling. One of those federal regulations, which governs retirement plans, was just tightened: The Biden administration announced new rules on Tuesday that will require more financial professionals to adhere to the highest standards when providing financial advice about your retirement money. The goal is to minimize conflicts of interest, or at least ensure that they aren’t influencing investment professionals’ advice that lines their pockets at the customers’ expense. The changes, issued by the Department of Labor, which oversees retirement plans, close loopholes that made it easier for many investment professionals to avoid fiduciary status — including, for example, when workers roll over their savings from a 401(k) plan to an individual retirement account. Those transactions, which totaled nearly $800 billion in 2022, weren’t always covered by these investor protections, even though these sums often amount to a person’s life savings.

Persons: they’d, weren’t Organizations: Biden, Federal, Department of Labor

☆ You Finished I.V.F. and Want to Donate Embryos. Is There a Tax Benefit?
▼ + stars: | 2024-04-20 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

But a few unusual ones linger for people all over who want to explore every option. What does the law say about what you can and can’t do with your embryos? And if you donate them — say, to a university for research — can you take a tax deduction? It is not clear how many human embryos sit in storage across the United States, but plenty of people who put them there worry about losing control over them. Selling embryos seems outlandish, though it may not violate federal law.

Persons: Tara Siegel Bernard, I, — Organizations: Alabama, Transplant Locations: United States, Alabama

☆ Mark Zuckerberg overtakes Elon Musk as the world's 3rd-richest person as their companies' stocks go in opposite directions
▼ + stars: | 2024-04-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg has overtaken Elon Musk as the world's third-richest person, with a $175 billion fortune. Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg. Mark Zuckerberg had a net worth of $175 billion as of Wednesday, just slightly overtaking Musk's net worth of $174 billion. Year-to-date, Zuckerberg has added $47.3 billion to his net worth while Musk has seen his net worth decline by $55.2 billion. Related storyMusk is ahead of Bill Gates' $149 billion fortune, while Zuckerberg is behind Jeff Bezos' $203 billion fortune and Bernard Arnault's $221 billion net worth.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Musk, —, Bill Gates, Jeff Bezos, Bernard Arnault's Organizations: Bloomberg, Meta, Service, Tesla, Facebook, SpaceX

☆ The world's richest person just put 2 more of his kids on the board of his $430 billion company
▼ + stars: | 2024-04-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Bernard Arnault has appointed two more of his children to LVMH's board. Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division. AdvertisementThe French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board. Only Jean Arnault, Bernard Arnault's youngest son, doesn't sit on the company's board. Bernard Arnault is the world's richest person, with a net worth of about $221 billion, according to estimates by Bloomberg.

Persons: Bernard Arnault, Alexandre Arnault, Frédéric, Bernard Arnault's, —, Frédéric Arnault, Delphine Arnault, Dior Couture, Antoine Arnault, LVMH, Jean Arnault, doesn't, Louis Vuitton's, Louis Vuitton, Dior, Marc Jacobs, Givenchy Organizations: Tiffany, Service, Christian Dior, Bloomberg

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