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☆ Boris Johnson's honours list includes aides tied to ex-UK PM's 'Partygate' scandal
▼ + stars: | 2023-06-09 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

LONDON, June 9 (Reuters) - Boris Johnson awarded his political aides and allies with some of Britain's highest honours to mark his resignation as prime minister, including some who attended parties in government buildings during COVID-19 lockdowns. Martin Reynolds, a senior civil servant and Johnson's former principal private secretary, was given an Order of the Bath award for public service. Labour Party deputy leader Angela Rayner called Johnson's honours list a "sickening insult". A Conservative member of parliament, who asked not to be named, said the list was "deeply embarrassing" and showed Johnson's lack of remorse. The former prime minister also approved honours for Conservative party politicians who have recently been caught in other scandals.

Persons: Boris Johnson, Martin Reynolds, Reynolds, Johnson, Dan Rosenfield, Jack Doyle, Angela Rayner, Ben Houchen, Conor Burns, Jacob Rees, Mogg, Simon Clarke, Priti Patel, Theresa May, David Cameron, Andrew MacAskill, Michael Holden, Mark Potter, Paul Simao Organizations: Bath, Labour Party, Conservative, Thomson Locations: COVID, Britain, British, Downing, lockdowns, Tees Valley

Behind the US, we’re the next largest contributor to the effort to support Ukraine. US President Joe Biden and British Prime Minister Rishi Sunak hold a joint-press conference in the East Room of the White House in Washington, DC. Under former Prime Minister Boris Johnson, the UK pushed European and other Western allies to supply Ukraine with lethal defense systems and tanks. In his news conference on Thursday, Biden also said he was confident that Congress would continue providing support for Ukraine. “The fact of the matter is that I believe we’ll have the funding necessary to support Ukraine as long as it takes,” Biden said.

Persons: Joe Biden, Donald Trump, Ron DeSantis, CNN’s Kaitlan Collins, Rishi Sunak, ” Sunak, Blair, Biden, “, ”, Trump, Sunak, Andrew Caballero, Reynolds, Boris Johnson, Volodymyr Zelensky, Johnson, ” Biden Organizations: CNN —, GOP, Russia, Florida Gov, CNN, NATO, British, White, Getty, Ukraine Locations: CNN — Ukraine, Ukraine, British, America, Washington , DC, AFP, United States, Kyiv, Russia, Nova

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ Ron Johnson insists he won't pocket $8.4 million from donors. But thanks to Ted Cruz, he could legally do exactly that.
▼ + stars: | 2023-05-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

That's due to a Supreme Court case won last year by Ted Cruz, who defended Johnson repaying himself. In October quarterly filings, Johnson's campaign declared that it was reinstating $8.4 million in loans, citing Ted Cruz vs. FEC. Furthermore, the door is now open for other self-funding candidates to demand payback of campaign loans that they had previously forgiven. And prior to Johnson telling Insider that he wouldn't seek a loan repayment, Cruz vociferously defended the hypothetical repayment. "It is perfectly reasonable that Ron Johnson, after 10 years of making an interest-free loan to the American people, can pay back his own money," Cruz added.

[1/3] Packaged food for sale is seen on shelves at a Dollar Tree in Islandia, New York, U.S., May 12, 2023. Razor manufacturer Edgewell Personal Care Co (EPC.N) and Kraft Heinz Co (KHC.O) have overhauled or built new teams dedicated to working with the biggest U.S. dollar stores like Dollar Tree Inc (DLTR.O) and Dollar General Corp (DG.N) in the last year. Makers of food and household staples are pushing deeper into dollar stores because the low-cost retailers are opening thousands of locations each year. Griffin added that dollar stores are also introducing more "premium" private label brands, like Dollar General's Nature's Menu for pets. Kraft-Heinz also created a new team of five people late last year to identify and develop products for dollar stores, a spokesman said.

☆ Bill Saluga, a Memorable Comedic Wiseguy, Is Dead at 85
▼ + stars: | 2023-05-16 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Raymond J. Johnson Jr. was a wiseguy, dressed in a zoot suit and a wide-brimmed fedora and waving a cigar in his right hand. “Ohhhh, you doesn’t have to call me Johnson,” he would say. Jr.“But you doesn’t have to call me Johnson.”And you can call his creator Bill Saluga. Mr. Saluga also played Johnson on various television series; on a disco record (“Dancin’ Johnson”); and, most memorably, in commercials for Anheuser-Busch’s Natural Light beer. In 1979, at the peak of Mr. Saluga’s fame as a comedic one-hit wonder, Tom Shales of The Washington Post wrote that “now everybody and his brother are doing Saluga impressions throughout this very impressionable land of ours.”

☆ When my son was accepted into Penn State for grad school, we learned he could negotiate the offer. He got an additional $52,000 in funding.
▼ + stars: | 2023-05-11 | by ( Ann Peck | ) www.businessinsider.com time to read: +4 min

My son was accepted into Penn State for grad school and offered over $25,650 a year in funding. He's heading to Penn State in July, having earned over $300,000 in funding. He outlined his best offer and his desire to select Penn State if it could match the offer and consider additional funds for the summer. He scored another $52,000 in funding from Penn State, to be paid out over five years. He starts working in the lab at Penn State in July.

☆ A writer who moved from Pennsylvania to Belize for a cheap and laid-back life said it's saved her money but the newfound peace of mind is priceless
▼ + stars: | 2023-05-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Cristina Johnson moved from Pennsylvania to Belize in 2015. Johnson said living in the small Central American nation improved her finances and quality of life. Cristina Johnson moved to Belize in 2015. Courtesy of Cristina Johnson. Courtesy of Cristina Johnson.

☆ What E. Jean Carroll had to prove to win her case against Donald Trump
▼ + stars: | 2023-05-09 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +12 min

Carroll receiving a monetary award from this trial hinged on whether the jury unanimously believed her claims against Trump. “For E. Jean Carroll this lawsuit is not about the money,” attorney Roberta Kaplan said during closing arguments on Monday. Trump appears the most agitated on the video when he denies Carroll’s rape allegation. Two friends that Carroll testified she told soon after the alleged rape testified about their recollection of Carroll’s account in 1996. Tacopina in his closing argument Monday also accused Carroll of fabricating her rape allegations to sell her book.

☆ Rishi Sunak’s party just took a pounding in UK local elections. The road to recovery is steep
▼ + stars: | 2023-05-05 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

And they made grim viewing for a man hoping to lead his Conservative Party back to power in just over a year’s time at the next UK general election. With nearly three-quarters of results declared by late afternoon on Friday, the Conservatives had shed 35 local authorities and more than 600 councilors. Prime Minister Rishi Sunak's Conservative Party suffered a drubbing at local elections. They are downplaying the local elections and pointing out that Labour would still need a swing bigger than Tony Blair achieved in 1997 to win a majority of just one seat. The Conservative Party has developed a taste for regicide since 2016.

☆ Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits
▼ + stars: | 2023-04-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

There's a problem with tax credits, though. A September report from Credit Suisse estimates approximately $500 billion of tax credits will be monetized over the next decade. "There are a few institutional players in the market that purchase tax credits at discount to market value in exchange for buying at volume. Sellers can list their tax credits on option, get bids on those credits, and compare offers. Tax credits have a wide base of support politically because a lot of very diverse stakeholders benefit from them.

☆ Nashville-area board may return lawmaker expelled from Republican-controlled statehouse
▼ + stars: | 2023-04-10 | by ( Daniel Trotta | ) www.reuters.com time to read: +5 min

April 10 (Reuters) - A Nashville-area county council meeting on Monday may vote to return to the statehouse one of two Democratic Tennessee lawmakers who were expelled from the chamber last week after participating in a gun control protest. Returning Jones would send a pointed message to the Republicans who expelled him. A Memphis-area board of commissioners plans on Wednesday to consider reappointing Pearson on an interim basis to the seat from which he was removed. U.S. Vice President Kamala Harris flew to Nashville on Friday to support the three Tennessee lawmakers targeted for expulsion. Jones, 27, was elected to Tennessee's House of Representatives last year.

☆ Nashville-area board may return Democratic lawmaker who was expelled from Republican-controlled statehouse
▼ + stars: | 2023-04-10 | by ( Daniel Trotta | ) www.reuters.com time to read: +4 min

REUTERS/Cheney OrrApril 10 (Reuters) - A Nashville-area county council may return to the statehouse one of two Democratic Tennessee lawmakers who were expelled from the chamber last week over a gun control protest when it meets on Monday to fill the vacant seat. On Wednesday, a Memphis-area board of commissioners will consider reappointing Pearson to the seat from which he was removed. Jones and Pearson both said on Sunday they hoped to be reappointed and that they would run again in special elections. Republicans also targeted Johnson but came up one vote short of the two-thirds majority needed to oust her. U.S. Vice President Kamala Harris flew to Nashville on Friday to support the three Tennessee lawmakers targeted for expulsion.

☆ Nashville-area board may send expelled Tennessee lawmaker back to statehouse
▼ + stars: | 2023-04-10 | by ( Daniel Trotta | ) www.reuters.com time to read: +4 min

REUTERS/Cheney OrrApril 10 (Reuters) - A Nashville-area county council may return to the statehouse one of two Democratic Tennessee lawmakers who were expelled from the chamber last week over a gun control protest when it meets on Monday to fill the vacant seat. Returning Jones would send a pointed message to the Republicans who accused him of violating decorum. On Wednesday, a Memphis-area board of commissioners will consider reappointing Pearson to the seat he was removed from. Jones and Pearson both said on Sunday they hoped to be reappointed and that they would run again in special elections. U.S. Vice President Kamala Harris flew to Nashville on Friday to support the three Tennessee lawmakers targeted for expulsion.

☆ A man had $40,000 cash seized by police at Phoenix airport and had to go to court to get it back
▼ + stars: | 2023-04-07 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

A man who had $40,000 cash seized by police had to wait almost three years to get it back. Jerry Johnson arrived at Phoenix Airport in August 2020 when detectives took his savings. The nonprofit represented Johnson in his appeal after a trial court ruled that he could not even contest the forfeiture of his money. Johnson, who proved ownership of the money according to the court documents, was not charged with any crime. Insider previously reported that the FBI seized $40,000 a couple held in a deposit box more than two years ago but refused to say why or return their cash.

☆ Crisis jolts Wall Street bankers already resigned to tough job market
▼ + stars: | 2023-04-05 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +5 min

NEW YORK (Reuters) - Wall Street bankers face an increasingly gloomy job market after last month’s banking crisis worsened an already bleak outlook for pay and staffing. One likely consequence of the turmoil is that banks tighten their lending standards, which could further hinder dealmaking - making the prospects for jobs and compensation on Wall Street more gloomy. Now, financial industry workers are fretting not only about pay, but job security. The Wall Street giant typically cuts about 5% of its lowest-performing staff as part of the process. While there are plenty of reasons to be glum, Wall Street workers are enjoying one silver lining after the pandemic: greater flexibility in structuring their workday.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: New dawn for JNJ, Disney push, Meta upgrade
▼ + stars: | 2023-04-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Meta Platforms (META) price target raised to $250 from $225 at Jeffries. Federal Realty (FRT) price target lowered to $111 from $118 at Piper Sandler. Bank of America raises price target for Apple to $168 from $158, keeps a neutral rating on shares. 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.

CHICAGO — Former Rep. Bobby Rush, a longtime African American leader in Illinois, plans to throw his support behind Paul Vallas in the mayor’s race, providing Vallas a potential boost among Black voters heading into next month’s election. The endorsement announcement, first shared with NBC News by Vallas’ campaign, is expected Tuesday morning. Rush plans to offer his backing at an event on the city’s South Side that will include an anti-violence march, according to a spokeswoman for the Vallas campaign. Chicago mayoral candidate Paul Vallas speaks during a press conference at his campaign headquarters on Feb. 3, 2023 in Chicago. Al Sharpton, who’s a host on MSNBC, is set to hold a large get-out-the-vote rally at a church whose pastor has backed Johnson.

☆ Crime tops Chicago voters' concerns in mayoral election
▼ + stars: | 2023-02-28 | by ( Joseph Ax | ) www.reuters.com time to read: +3 min

[1/2] Chicago Mayor Lori Lightfoot speaks to children after a press event ahead of expected Thanksgiving travel at O'Hare airport in Chicago, Illinois, U.S., November 21, 2022. The Chicago race is technically nonpartisan, but every candidate identifies as a Democrat in the heavily left-leaning city. There were more than 800 murders in Chicago in 2021, the most in a quarter-century. Garcia, considered a liberal member of Congress, has said he would increase the number of officers on patrol and fund more community-based anti-violence programs. Reporting by Joseph Ax Editing by Colleen Jenkins and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Tucker Carlson called Boris Johnson a 'terrified old woman,' officially kicking off a feud with the former British PM
▼ + stars: | 2023-02-03 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Tucker Carlson has ignited a feud with former UK Prime Minister Boris Johnson. During his show on Wednesday, Carlson called Johnson a "terrified old woman." During a panel discussion with the Atlantic Council, Johnson accused Carlson of influencing "wonderful Republicans" with anti-Ukraine rhetoric. "I've been amazed and horrified by how many people are frightened of a guy called Tucker Carlson," Johnson said. "Has anybody heard of Tucker Carlson?

☆ Tucker Carlson is infecting the minds of Republicans over Vladimir Putin, former UK PM Boris Johnson says
▼ + stars: | 2023-02-02 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Boris Johnson accused Tucker Carlson of infecting people's minds with "bad ideas" about Putin. The former UK prime minister said Republicans seem to be "intimidated" by Carlson's perspective. Speaking on Wednesday during a panel discussion with the Atlantic Council, Johnson said: "I've been amazed and horrified by how many people are frightened of a guy called Tucker Carlson. "Has anybody heard of Tucker Carlson? In May 2022, Carlson baselessly claimed that the US government's involvement in Ukraine was aimed at deposing Putin as "payback for the 2016 election."

☆ J&J’s Talc Bankruptcy Case Thrown Out by Appeals Court
▼ + stars: | 2023-01-31 | by ( Jonathan Randles | Peter Loftus | ) www.wsj.com time to read: 1 min

A federal appeals court in Philadelphia rejected Johnson & Johnson ‘s use of chapter 11 bankruptcy to freeze roughly 40,000 lawsuits linking its talc products to cancer, blunting a strategy the consumer health giant and a handful of other profitable companies have used to sidestep jury trials. The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the company created in 2021 to move the talc injury lawsuits to bankruptcy court and freeze them in place. J&J is now exposed once again to talc-related cancer claims that have cost the company’s consumer business $4.5 billion in recent years and are expected to continue for decades.

Jan 30 (Reuters) - A U.S. appeals court on Monday shot down Johnson & Johnson's (JNJ.N) attempt to offload tens of thousands of lawsuits over its talc products into bankruptcy court. The appeals court ruling revives those lawsuits. Monday's decision by the U.S. 3rd Circuit Court of Appeals in Philadelphia dismissed the bankruptcy filed by the J&J subsidiary in 2021. The appeals court decision could force companies considering the strategy to more carefully consider its risks, two legal experts said. The Texas two-step has garnered criticism from Democratic lawmakers in Washington, and inspired proposed legislation that would severely restrict the practice.

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☆ J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court Rules
▼ + stars: | 2023-01-30 | by ( Jonathan Randles | ) www.wsj.com time to read: 1 min

A federal appeals court rejected Johnson & Johnson ’s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic the company and a handful of other profitable businesses have used to move mass personal-injury cases to chapter 11. The Third U.S. Circuit Court of Appeals on Monday dismissed the chapter 11 case of J&J subsidiary LTL Management LLC, which the consumer-health-goods giant created in 2021 to move to bankruptcy court the mass lawsuits alleging its talc-based baby powder products caused cancer.

☆ Oracle health cloud leader Don Johnson — once considered for co-CEO — has abruptly resigned, insiders say
▼ + stars: | 2023-01-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Oracle executive Don Johnson is abruptly leaving his key post, insiders say. Johnson was at one point named by Larry Ellison as a potential contender for Oracle co-CEO. Don Johnson — the former Oracle Cloud Infrastructure (OCI) boss once named by founder and CTO Larry Ellison as a potential contender for co-CEO — abruptly left his latest post, two people familiar with the matter said. Johnson came to Oracle from Amazon Web Services in 2014 and was tapped by Ellison in 2018 to run the company's all-important cloud unit, Oracle Cloud Infrastructure. About a year later, Johnson stepped down from the cloud and AI organization, according to another email viewed by Insider.

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