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☆ The Decline of Work
▼ + stars: | 2022-11-14 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

Or “I need a good work-life balance,” which suggests someone doesn’t want to work very hard. The CEO of a Fortune 500 company told me he recently spent an entire afternoon discussing his company’s pet-bereavement policy. He asked the human-resources folks, “Let me get this right, someone’s goldfish dies, and they get a week off from work?”Work has become a dirty word. And now this: The New York Times ran an opinion piece titled “How to Fight Back Against the Inhumanity of Modern Work.” What? The prevailing thinking is we’re all Lucy Ricardo and Ethel Mertz wrapping chocolates on a conveyor belt.

☆ FTX collapse being scrutinized by Bahamas authorities
▼ + stars: | 2022-11-13 | by ( Jasper Ward | ) www.reuters.com time to read: +4 min

[1/3] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco BelloNASSAU, Bahamas, Nov 13 (Reuters) - The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. Bankman-Fried had transferred $10 billion of customer funds to his trading company, Alameda Research, the sources said. Blockchain analytics firm Nansen said on Saturday it saw $659 million in outflows from FTX International and FTX U.S. in the preceding 24 hours. In its bankruptcy petition, FTX Trading said it has $10 billion to $50 billion in assets, $10 billion to $50 billion in liabilities, and more than 100,000 creditors.

☆ FTX collapse being scrutinized by Bahamas investigators
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +2 min

[1/3] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco BelloNov 13 (Reuters) - The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. In a statement on Sunday, the Royal Bahamas Police said: "In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd., a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred." When asked by Reuters on Saturday whether he had flown to Argentina, he responded in a text message: "Nope". Reporting by Jasper Wade in the Bahamas; Writing by Megan Davies in New York; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

☆ Fallen FTX founder Sam Bankman-Fried says he is in the Bahamas despite buzz that he fled to Argentina after his company's collapse
▼ + stars: | 2022-11-13 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

FTX founder Sam Bankman-Fried is denying rumors he fled to Argentina. He told Reuters he is still in the Bahamas, where FTX is based. The former CEO is in hot water for the demise of his cryptocurrency exchange. The Financial Times reported Saturday that FTX held $9 billion in liabilities against just $900 million in sellable assets. Bankman-Fried relocated FTX headquarters from Hong Kong to the Bahamas in 2021.

☆ Bahamian police reportedly interviewed Sam Bankman-Fried this weekend, investigations into downfall intensify
▼ + stars: | 2022-11-13 | by ( Bethany Biron | ) www.businessinsider.com time to read: +2 min

Bahamian police questioned FTX founder Sam Bankman-Fried on Saturday, Reuters reported. The police say they are investigating if "criminal misconduct occurred" tied to the downfall of FTX. Bankman-Fried was rumored to have fled to Argentina earlier this weekend. The Royal Bahamas Police questioned Bankman-Fried to discover if any "criminal misconduct occurred," Reuters reported on Sunday. The Financial Times later reported that FTX held only $900 million in sellable assets against $9 billion in liabilities.

☆ FTX founder Sam Bankman-Fried says he is in the Bahamas
▼ + stars: | 2022-11-12 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Nov 12 (Reuters) - FTX founder Sam Bankman-Fried told Reuters on Saturday that he was in the Bahamas, denying speculation on Twitter that he had flown to South America after the exchange filed for bankruptcy and he was removed as chief executive. When asked by Reuters whether he had flown to Argentina, Bankman-Fried responded in a text message: "Nope". He told Reuters he was in the Bahamas. Reporting by Angus BerwickOur Standards: The Thomson Reuters Trust Principles.

☆ Sam Bankman-Fried reportedly denies fleeing to Argentina, says he's still in the Bahamas
▼ + stars: | 2022-11-12 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the disgraced ex-CEO of the now-bankrupt crypto exchange FTX had run off to South America. FlightRadar24 tweeted early Saturday morning that the one-time crypto billionaire was flying from Nassau to Argentina. The account cited tweets as its sourcing that it was Bankman-Fried aboard the flight in question. Speculation over SBF's (a nickname given to the former FTX CEO) whereabouts come as authorities close in on Bankman-Fried and his failed crypto empire.

☆ Kentucky student arrested after video shows her using racial slur, assaulting students
▼ + stars: | 2022-11-07 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +5 min

Police arrested a University of Kentucky student who was caught on camera using a racial slur and physically attacking two Black students on Sunday. The student tries to restrain Rosing, who appears to be visibly intoxicated and struggles to stay standing in the video. A university spokesperson confirmed to NBC News that Rosing was the student who was arrested. In his email to students, Capilouto, the university president, said the student employee victim "acted with professionalism, restraint and discretion." That fan — Ashley Lyles, who subsequently apologized in a statement to WLEX — was not a student, according to a university spokesperson.

☆ What Cramer is watching Thursday — No Fed reset, Qualcomm rough guide, iPhone waits
▼ + stars: | 2022-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Short-term inventory "reset," meaning there's a chip glut that must be dealt with before the price-to-earnings multiple can be determined. Wall Street was looking for fiscal first-quarter (current quarter) revenue of $12 billion, but company guide was $9.2 billion to $10 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Universal film boss Donna Langley reveals how her studio changed the way you see movies and her hopes for an all-female 'Fast & Furious'
▼ + stars: | 2022-10-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +13 min

Universal film chief Donna Langley says movies will never go back to "those exclusive traditional windows" in theaters. "I would love to see a female 'Fast,'" she said about the future of the "Fast & Furious" franchise. Though it seems Langley has an insatiable drive to dominate the cutthroat film industry, she revealed to Insider in a recent phone interview that her mission is simple: "Make the right kind of movies that fit the cultural zeitgeist globally." Steven Spielberg and Donna Langley at "The Fabelmans" world premiere at the 2022 Toronto International Film Festival. We are a theatrical business and theatrical will always lead our business.

☆ 'Run, don't walk' from index funds, says a hedge fund manager who ran one of the best-performing mutual funds. He breaks down why most funds aren't ready for a two-stage bear market that could last ov
▼ + stars: | 2022-10-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

George Noble says most fund managers and index funds aren't equipped for the changing economy. He admits that equity hedge funds haven't fared well in the last decade when their performance became mediocre. Between 1991 to 2009, he ran two hedge funds that eventually closed. He points to the Goldman Sachs Hedge Fund VIP Index, a collection of the top long-equity holdings within the portfolios of fundamentally driven hedge fund managers, as an example. For this reason, index funds, technology funds, and high-growth funds are a disaster.

☆ Tourists in Italy are behaving badly this year: Here’s why
▼ + stars: | 2022-10-15 | by ( Julia Buckley | ) edition.cnn.com time to read: +19 min

With Europe seeing an explosion of visitors a year after Covid travel restrictions dropped, incidents of visitors behaving badly in Italy show no sign of abating. Think that’s bad? Meanwhile in Venice, tourists routinely swim in the UNESCO-protected canals, which double as the city’s sewer system. “Tourists don’t know how to relate to the artistic heritage because they have no relation with our history – so they refer to their cultural imagination, and therefore to our cinema. “So many tourists have said to me over the years, ‘In Italy there are no rules.’ But they are mistaken.

Persons: Gennaro Sangiuliano, ”, Ivan, Haley, destructively, –, surfed, Augustus, ENIT, Eike Schmidt, Florence – Italy’s, we’ve, it’s, Schmidt, serena, panini, Luigi Brugnaro, Gianfranco Zarantonello, “, Zarantonello, zipping, you’d, Tom Jenkins, “ It’s, Nicola Bassano, Dolce, Federico Fellini, Marcello Mastroianni, Anita Ekberg, Trevi, Vita ”, Vita, ” Maria Pasquale, ” Jenkins, Giorgia, Dr Audrey Tang, We’re, they’d, “ Jung, it's, ” Tang, “ That’s, Tang, ” Zarantonello, Lord Byron, Byron, “ Byron, Michelangelo’s Organizations: CNN, UNESCO, carabinieri, Maserati, Vatican Museum, Uffizi, Roma, Tourists, European Tourism Association, United, Vita, Twitter, Parco, British Psychological Society Locations: Italy, Rome, Saudi, Venice, Australian, American, ENIT, Florence, ”, Italian, Czech, Belgian, eFoils, Southeast Asia, France, Spain, ‘, ” Venice, Europe, It’s, Grand, Vatican

☆ It’s a scary time in Hollywood. But the horror studio behind hits like ‘Halloween Ends’ is making a killing
▼ + stars: | 2022-10-14 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

That includes hits like “Get Out,” “The Black Phone,” “The Purge,” “Paranormal Activity,” and the rebooted “Halloween” trilogy. “Halloween Ends,” the trilogy’s final film, hits theaters and streaming this weekend. Scary low budgets, scary good results"Get Out" was one of Blumhouse's biggest commercial and critical hits. For Jason Blum, the company’s CEO and founder, making movies on low budgets is more than just about saving money. “We’re really known for low budgets because low budgets are profitable,” he told CNN Business.

☆ NBCUniversal CEO Jeff Shell says movie business benefiting from new release model
▼ + stars: | 2022-10-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

CEO of NBC Jeff Shell arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. NBCUniversal CEO Jeff Shell said Tuesday the company's movie business is performing well on the hybrid model of releasing some films simultaneously in theaters and on streaming services, while waiting to make others available for viewers at home. That changed when the Covid-19 pandemic shut down theaters, leading some companies to release films directly on streaming services for a period of time. "That construct of the windowing combined with the fact that streamers really want movies, movies are driving platforms, has in my opinion made the movie business economically better," Shell said. Some evaluated releasing movies directly on streaming services on a case-by-case basis, which Shell said NBCUniversal continues to do.

☆ Gavin Newsom said he hasn't spoken lately with his ex-wife, Kimberly Guilfoyle, Donald Trump Jr.'s fiancée
▼ + stars: | 2022-09-28 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Newsom brought up what he called "the awkward conversation" about his ex-wife during an MSNBC interview. The California governor was married to Kimberly Guilfoyle, Donald Trump Jr.'s fiancée, from 2001 to 2005. Gavin Newsom brought up what he called "the awkward conversation" around his ex-wife, Kimberly Guilfoyle, during a wide-ranging MSNBC interview. U.S. President Donald Trump's son Donald Trump Jr. and his girlfriend Kimberly Guilfoyle kiss as supporters of U.S. President Donald Trump gather by the White House ahead of Trump's speech to contest the certification by the U.S. Congress of the results of the 2020 U.S. presidential election in Washington, U.S, January 6, 2021. Newsom married documentary filmmaker Jennifer Siebel Newsom in 2008 and they have four children.

☆ Biden says he plans to run for reelection in 2024, but here's one reporter's lesson from 2008 on why anything is possible
▼ + stars: | 2022-09-17 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +7 min

He said there was no chance of him becoming vice president. They're real," Biden told me that afternoon. Mark Bowden later asked Biden, then vice president, in his West Wing office about that marathon quote. "That was absolutely, positively true when I said it," Biden told him. I never, never, never, never aspired to be vice president.

☆ According to a financial planner, this is how much you need to save for retirement in order to spend the rest of your income worry-free
▼ + stars: | 2022-09-17 | by ( A.J. Cohen | ) www.businessinsider.com time to read: +6 min

According to CFP Colin Overweg, it's very simple: just save 20% of your income and you'll be fine. Other suggestions for how retirement saving can be expedited is by picking up side hustles. How much you need to save for retirement is going to depend a lot on your age, current income, individual needs, and location. One is the 25x rule, which states that you need to multiply your required annual income by 25 in order to know how much you need to save for retirement. "If you start saving 20% at age 30, you'll be financially independent around age 55 or 60."

☆ Suzy Welch: 3 phrases bosses use when they want to fire you
▼ + stars: | 2018-07-09 | by ( Courtney Connley | ) www.cnbc.com time to read: +1 min

But according to bestselling management author and CNBC contributor Suzy Welch, most real-life terminations look nothing like the ones on TV. CNBC Contributor Suzy Welch"There's rarely boardroom drama or a public display," Welch tells CNBC Make It. If your manager uses one of the following three phrases, Welch warns you might be about to get fired. "The minute a boss asks you to document anything," Welch says, "they are stuffing your folder to facilitate your termination process." "The minute you have trained professionals in the middle of conversations with your boss or colleagues, think 'divorce attorney,'" she says.

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