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☆ Meet a borrower with $43,000 in student debt who thought he was getting Biden's loan forgiveness, only to have it 'yanked away' a month later
▼ + stars: | 2022-11-06 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Kristopher Cabreira doesn't qualify for Biden's student-debt relief because he has FFEL loans. While FFEL loans initially qualified, Biden reversed the guidance on September 29. But a decision the Education Department made on September 29 dashed all of his plans. Cabreira's student loans are federal loans managed by private banks within the Federal Family Education Loan (FFEL) program. "There's been no response from the Education Department, the White House, or even any Democrats," Cabreira said.

SAN FRANCISCO, Nov 1 (Reuters) - The man accused of beating U.S. House Speaker Nancy Pelosi's husband with a hammer during a struggle in the couple's San Francisco home was expected to make his first court appearance on Tuesday. DePape was arrested by San Francisco police after Paul Pelosi placed an emergency 911 call reporting an intruder, according to an FBI affidavit filed in the federal case. Authorities said police officers arriving at the Pelosi home saw DePape and Pelosi struggling over a hammer. The state charges are punishable by a prison sentence of 13 years to life. The federal charges carry a combined maximum sentence of 50 years, the Justice Department said in a statement announcing the charges.

After decades of decline, even into negative territory, term premium is rising again. chartchartchart"We are in a tectonic phase of monetary policy and you are getting asset dislocations across the board, including long bonds," said Solomon Tadesse, head of North American Quant Strategies at Societe Generale. A 30-year bond bought and held to maturity by a pension fund, for example, quickly becomes 'off the run,' so liquidity risk ends up lifting the term premium. In the week through Oct. 21 the 30-year bond's price fell for an eighth straight week, the longest selling streak since 2004. If the Fed is successful in driving down inflation or the economy goes into recession, more investors will flock to 30-year bonds.

Zip ties were found at the scene of the attack of House Speaker Nancy Pelosi’s husband by an intruder at the couple’s California home, the San Francisco Police Department told NBC News Sunday. Police did not specify how many zip ties were found or the intended purpose for them. As Pelosi released his grip, the suspect yanked it and then struck Pelosi in the head, they said. Pelosi was rushed to Zuckerberg San Francisco General Hospital, where he “underwent successful surgery to repair a skull fracture and serious injuries to his right arm and hands,” the office of Nancy Pelosi, D-Calif., said in a statement Friday. Two sources told NBC News the intruder was searching for Nancy Pelosi, who was in Washington, D.C. at the time of the attack.

House Speaker Nancy Pelosi said Saturday her husband was improving at a hospital, but that the attack on him by an intruder at the couple's California home left her and her family "heartbroken and traumatized." "Yesterday morning, a violent man broke into our family home, demanded to confront me and brutally attacked my husband Paul," she wrote in the letter. San Francisco police said David DePape, 42, who faces charges including attempted murder, broke into the home occupied at the time only by Paul Pelosi and confronted him, ending with a tug-of-war over a hammer. As Pelosi released his grip, the suspect yanked it and then struck Pelosi in the head, they said. As speaker, Pelosi is second in line for succession to the presidency after the vice president.

SAN FRANCISCO, Oct 29 (Reuters) - A man who clubbed U.S. House Speaker Nancy Pelosi's husband over the head with a hammer, shouting, "Where is Nancy? ", faced charges of attempted murder and other felonies a day after the violent break-in at the couple's San Francisco home. She flew to San Francisco to be with her husband. Police identified the man arrested at the scene by officers who intervened in the attack as David Depape, 42. Formal charges were expected to be filed by the San Francisco district attorney's office.

☆ Foreign Investors Yanked Billions from Chinese Bonds as Yuan Slumped
▼ + stars: | 2022-10-28 | by ( Rebecca Feng | ) www.wsj.com time to read: 1 min

The yuan has fallen more than 12% against the dollar this year in China’s tightly controlled onshore market as well as the more freely traded offshore market. Foreign investors’ sales of Chinese yuan-denominated bonds picked up again in September, official data showed, reflecting continued pessimism over China’s economic outlook and the prospects for its currency. International investors’ total holdings of Chinese government bonds and other yuan-denominated debt in mainland China dropped to 3.4 trillion yuan, the equivalent of $470 billion, in September. That was the lowest level since December 2020, according to data released Friday by the China Central Depository & Clearing Co. and the Shanghai Clearing House.

☆ 'He’s just mutilated': Parents of San Antonio teen shot in McDonald's parking lot say every day is a struggle
▼ + stars: | 2022-10-25 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The parents of a 17-year-old boy who was shot by a San Antonio police officer in the parking lot of McDonald's said the past three weeks have been a "horrific rollercoaster" as their son continues to fight for his life. The teen put the car in reverse with the driver’s door still open and backed up. An officer opens the driver’s door and orders Erik Cantu out of the vehicle in San Antonio, Texas, on Oct. 2. San Antonio Police DepartmentBrennand opened fire five times as the car reversed, the video showed. Partner attorney Paul Grinke said they plan on looking into policies and training at the San Antonio Police Department.

☆ Adidas just yanked its deal with Kanye West. Here's how much of a hit his net worth might take.
▼ + stars: | 2022-10-25 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

Now that Adidas yanked its deal, experts expect West's fortune to take a hit of hundreds of millions of dollars. One analyst warns West won't be able to restart his shoe brand so easily because Adidas owns Yeezy's designs. Now that the deal is terminated, experts estimate West's net worth will take a massive hit. Forbes estimates that ending the partnership with Adidas whacks West's fortune down to $400 million from $1.5 billion. Still, Swartz said restarting the shoe brand will be challenging for West as Adidas legally owns Yeezy's designs.

☆ Analysis: IMF plugs financing gaps as riskier emerging markets face squeeze
▼ + stars: | 2022-10-14 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +6 min

Ghana, Egypt, Tunisia and Malawi are all in talks on some type of IMF financing. Countries' debt burdens have risen. Turning to the IMF for financing has been the traditional playbook for smaller, strained countries in times of crisis. A set of new IMF tools should also help funnel more funds to such countries in the short-term. "But IMF does act as an anchor and allows access to a broader set of funding, even if not from the market," said Alexandru-Chidesciuc.

☆ Netflix, HBO Max, and more streamers are scrapping original kids series and battling for more IP-based hits like 'CoComelon' in a 'bummer year for animation'
▼ + stars: | 2022-09-28 | by ( Elaine Low | ) www.businessinsider.com time to read: +7 min

HBO Max's abrupt removal of dozens of series, mostly kids shows, took creators by surprise. You can't stream it on HBO Max or any subscription service; it's available only for purchase on iTunes. The move was a cost-saving one for HBO Max parent Warner Bros. HBO Max will continue to release new kids and animated programming but is expected to be more selective. "It's a small community" of animation creators, the animation exec told Insider, and those HBO Max cancellations hurt.

WASHINGTON — Moderate and progressive House Democrats struck a deal Wednesday on a long-awaited policing and public safety package, a breakthrough they hope will unify the party on a key issue weeks before the midterm election. The package includes four bills written by moderate Democrats. Another by Rep. Josh Gottheimer of New Jersey would provide grants to local police departments with fewer than 125 sworn officers. A third, by Rep. Katie Porter of California, would provide grants for mental health professionals and other resources. Two other policing bills, written by moderate Reps. Abigail Spanberger, D-Va., and Dean Phillips, D-Minn., that had previously been a part of the negotiations were removed from the package announced Wednesday.

☆ Big investors are buying fewer homes to rent out on a bet that prices will fall. Case in point: A 2,000-house portfolio just got yanked from the market after failing to lure buyers at its $500 million
▼ + stars: | 2022-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +6 min

That's left some big portfolios sitting on the market — but don't expect the lull to last long. This past summer, a huge portfolio of 2,000 homes hit the market. The market for single-family-rental portfolios, once red-hot, has slowed considerably as the biggest participants face higher borrowing costs and market volatility. The challenges aren't limited to big SFR portfolios. Deals are still getting done, too — one SFR portfolio traded in August for a little more than $140 million, according to a person with knowledge of the deal.

☆ Analysis: An elite Wall Street bank gets a $35 million lesson: Just call tech support
▼ + stars: | 2022-09-20 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +5 min

Here's the deal: Morgan Stanley just got slapped with a $35 million fine for "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers, my colleague Matt Egan writes. Eventually, the devices, still loaded up with sensitive data, wound up on an auction site. "If not properly safeguarded, this sensitive information can end up in the wrong hands and have disastrous consequences for investors." Morgan Stanley agreed to pay the fine without admitting or denying the findings in the settlement. "We have previously notified applicable clients regarding these matters, which occurred several years ago, and have not detected any unauthorized access to, or misuse of, personal client information," Morgan Stanley said in a statement.

☆ Italian women divided over the prospect of far-right female premier
▼ + stars: | 2022-09-18 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

ROME — If Italy elects the nation’s first female premier, will its women be delighted or dismayed? Should opinion polls prove on the mark, Giorgia Meloni and the far-right Brothers of Italy party she co-founded less than a decade ago will triumph in the Sept. 25 election. Nothing.”Meloni, 45, is the only main party leader who didn’t join Premier Mario Draghi’s pandemic national unity government in 2021. After populist forces, including two of Meloni’s campaign allies, yanked support for Draghi in July, the former European Central Bank chief’s coalition collapsed, prompting an early election. But she has snapped back at contentions that it wouldn’t be a victory for women if she becomes premier.

☆ It's a 'bummer year for animation' as HBO Max, Netflix, and more streamers scrap original kids series and hunt for the next 'CoComelon'
▼ + stars: | 2022-09-07 | by ( Elaine Low | ) www.businessinsider.com time to read: +7 min

☆ Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
▼ + stars: | 2022-05-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Insider learned about the WADU system through interviews and leaked internal documents that explain what kinds of data it captures. Though the use of Palantir was reportedly for security purposes, JPMorgan employees who spoke to Bloomberg said the situation quickly escalated. When companies are opaque about how they use employee data, the consequences can be detrimental — from harming employee "engagement" to eroding their "mental health," Garr said. Companies that fail to do this run the risk of cultivating the kind of mistrust that JPMorgan employees claim is running rampant through their ranks. "It does not sit well with me, what they're doing," said the US-based staffer with direct knowledge of the WADU system.

☆ A leaked video exemplifies what Black migrants endure in US detention centers
▼ + stars: | 2022-03-26 | by ( John Washington | José Olivares | ) www.businessinsider.com time to read: +30 min

A leaked video obtained by Insider shows guards violently tackling a Black asylum seeker at a Louisiana detention center. Detainees and immigration lawyers say there is a disturbing and overlooked problem of anti-Black racism in immigration detention. In January, Representative Cori Bush (D-MO) and Senator Cory Booker (D-NJ) called for a "holistic review of the disparate treatment of Black migrants." Across the state, eight new immigration detention centers have been opened in the past three years – all privately run. In just Texas and Louisiana, 11 separate facilities in recent years have shifted from prisons or jails to immigration detention centers.

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☆ 12 delivery drivers reveal the weirdest deliveries they've ever made
▼ + stars: | 2017-05-05 | by ( Caroline Praderio | ) www.businessinsider.com time to read: +8 min

Driving around food deliveries might not be the most glamorous job, but it does provide plenty of memorable moments. AdvertisementA recent AskReddit thread asked workers to share weird and wild tales from delivery shifts they'd worked in the past. Out of hundreds of responses, the following 12 anecdotes stood out as some of the absolute weirdest. - Redditor Perceptions89'A 10-year-old girl opened the door and told me that I interrupted her.' A 10-year-old girl opened the door and told me that I interrupted her.

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