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☆ Teslas are cheaper than ever — and that's creating a headache for the entire auto industry
▼ + stars: | 2023-06-13 | by ( Nora Naughton | Graham Rapier | ) www.businessinsider.com time to read: +3 min

You can now get a Tesla Model Y for cheaper than the average car. Tesla's price war is spilling over out of the electric vehicle market as Elon Musk's car company continues to slash prices. Add on the $7,500 EV tax credit, and you can now purchase a Model Y for around $42,500. To make things even worse for competitors, all Model 3 and Model Y vehicles now qualify for the full tax credit, too. As a strategy for boosting demand, Tesla's price cuts appeared to be working in the first quarter, reporting a 36% increase in deliveries during that period.

Persons: Tesla, Price, Edmunds, Martin French, They've, Musk, We've Organizations: Tesla, Elon, Ford, GM, EV

Around the same time, she was told she could not make discretionary promotions even at the lower levels of the department without getting clearance from the Adams administration, said Kenneth Corey, the former chief of the department, who worked under Ms. Sewell until he retired in November. “She was gradually being stripped of power,” he said. “They wonder what’s next,” he said. Ms. Sewell has not provided a reason for her decision to leave the job, which paid about $243,000 a year. On Tuesday afternoon, her office released a statement in which she thanked Mr. Adams — whom she had not mentioned in the internal email announcing her resignation — for the opportunity to lead the department.

Persons: Adams, Kenneth Corey, Sewell, “, ”, Corey, Ms, Mr, Sewell’s, what’s, Adams —, — Locations: ”

☆ Schumer to host first of three senator-only A.I. briefings as Congress considers how to regulate
▼ + stars: | 2023-06-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

U.S. Senate Majority Leader Chuck Schumer, Democrat of New York, speaks about China competitiveness legislation alongside Democratic Senate committee chairs at the U.S. Capitol in Washington, D.C., May 3, 2023. Senate Majority Leader Chuck Schumer, D-N.Y., is set to host the first of three educational sessions about artificial intelligence Tuesday as Congress considers how best to regulate the technology. Tuesday's talk is set to offer a general overview of AI and its current capabilities, Schumer said. In the letter, the senators said the three discussions would ask the following questions:Where is AI today? How do the Department of Defense and Intelligence Community use AI today and what do we know about how our adversaries are using AI[?]

Persons: Chuck Schumer, Schumer, Antonio Torralba, Sam Altman, Mike Rounds, Martin Heinrich, Todd Young Organizations: Democratic, U.S, Capitol, Washington , D.C, Senate, Massachusetts Institute of Technology, Lawmakers, Sens, of Defense, Intelligence, CNBC, YouTube Locations: New York, China, Washington ,

Economists polled by Reuters had expected new yuan loans would jump to 1.6 trillion yuan last month, versus 718.8 billion yuan in April and against 1.89 trillion yuan a year earlier. Outstanding yuan loans in May grew 11.4% on year compared with 11.8% growth the previous month. Household loans including mortgages were up 367.2 billion yuan in May, versus a contraction of 241.1 billion yuan in April. Corporate loans rose to 855.8 billion yuan in May from 683.9 billion yuan in April, central bank data showed. In May, TSF rose to 1.56 trillion yuan from 1.22 trillion yuan in April.

Persons: Zhiwei Zhang, Yi Gang, Nomura, TSF, Qiaoyi Li, Judy Hua, Kevin Yao, Jacqueline Wong Organizations: People's Bank of China, Reuters, PMI, Capital, Analysts, U.S, Thomson Locations: BEIJING, Shanghai, Beijing, U.S . Federal, TSF

☆ Ecuador: Woman presumed dead found alive in coffin at her wake
▼ + stars: | 2023-06-13 | by ( Duarte Mendonca | ) edition.cnn.com time to read: +2 min

CNN —A 76-year-old woman who was declared dead at a hospital in Ecuador was found to be alive and knocking on her coffin during her own wake in the city of Babahoyo. In the video, people could be seen waiting and supporting Montoya as emergency services arrived at the scene, taking the 76-year-old woman back to the hospital. The woman was heard knocking on her coffin. The woman had been declared dead in hospital. It said Montoya was in intensive care at the Martín Icaza Hospital in Babahoyo – the same facility that initially declared her dead.

Persons: “, ”, Gilberto Barbera, Montoya, Bella Yolanda Montoya Castro, “ Bella Yolanda Organizations: CNN, Ministry of Public Health, Health Services Quality Assurance Agency Locations: Ecuador, Babahoyo

☆ N.Y.P.D. Commissioner Keechant Sewell to Resign
▼ + stars: | 2023-06-12 | by ( Maria Cramer | Chelsia Rose Marcius | ) www.nytimes.com time to read: +1 min

Keechant Sewell, commissioner of the New York Police Department, said Monday she would resign after less than 18 months, giving no reason for the abrupt end to a tenure during which she won over many in the rank and file even as she jockeyed for position against other appointees and top officers. Ms. Sewell, who was appointed to her position by Mayor Eric Adams and started in 2022, was the first woman to head the nation’s largest police force. He had promised as a candidate to name a woman to lead the public safety agency where he was an officer for 22 years, giving her the power to rethink policing after bitter protests against police brutality and racism. The mayor said in a statement on Monday that Ms. Sewell had worked tirelessly and that “New Yorkers owe her a debt of gratitude.” But Ms. Sewell, in an email to the department announcing her resignation, did not mention the mayor at all. She did not say when she would be leaving, and the mayor did not say when a replacement would be chosen.

Persons: Keechant Sewell, Sewell, Eric Adams Organizations: New York Police Department

☆ A prominent venture capitalist said remote work ‘fooled’ leaders because it worked initially
▼ + stars: | 2023-06-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Y Combinator co-founder Paul Graham said remote work "fooled" leaders at the start of the pandemic. Major firms including Amazon, Meta, and Apple have ordered workers back to the office recently. Partly I think because remote work does work initially, if you start with a system already healthy from in-person work ... And partly because it seemed to solve recruiting, which is always a bottleneck." Graham's comments come as a number of major companies reverse their flexible working policies including Amazon, Apple, and Goldman Sachs. Graham joins a list of influential figures who are taking a stand against remote work including Elon Musk who has famously waged a war against the practice calling it "morally wrong."

Persons: Combinator, Paul Graham, Graham, —, Y Combinator, I've, Goldman Sachs, Elon Musk, Musk, Tesla, Scott Galloway Organizations: Amazon, Apple, Service, Twitter, Meta

☆ China aircraft monitored US, France, Canada, Japan navy drill - media
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 12 (Reuters) - China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. The islands separate the East China Sea from the Philippine Sea, and dot the West Pacific between Japan and Taiwan, which China claims as its territory. The Japanese defence ministry reported a sighting of a Y-9 reconnaissance variant in the Pacific on Thursday. A spokesperson for the Japanese ministry said on Monday it was analysing a piece of equipment attached to the undercarriage of the Y-9 variant that had not been seen before. Days before the quadrilateral exercise, the coast guards of the Philippines, United States and Japan held their first trilateral exercise off the coast of a western Philippine province.

Persons: USS Nimitz, Ronald Reagan, Albee Zhang, Ryan Woo, Tim Kelly, Gerry Doyle, Robeert Organizations: Global Times, U.S, USS, U.S ., U.S . 7th Fleet, Military, South China, Thomson Locations: BEIJING, China, Taiwan, United States, Japan, France, Canada, Ryukyu, Philippine, Beijing, East, Pacific, U.S, South, Philippines, Tokyo

☆ Treat Williams, Actor Known for ‘Hair’ and ‘Everwood,’ Dies at 71
▼ + stars: | 2023-06-12 | by ( Mike Ives | ) www.nytimes.com time to read: 1 min

Treat Williams, the actor known for his roles in the movies “Hair” and “Deep Rising” and the TV show “Everwood,” has died. Mr. Williams died on Monday after an S.U.V. crashed into his motorcycle in Dorset, Vt., the Vermont State Police said in a statement. The crash occurred in the late afternoon near the Vermont-New York State border. The 35-year-old man whose vehicle hit Mr. Williams was not hospitalized.

Persons: Treat Williams, ”, Williams, Mr Organizations: Vermont State Police, Vermont -, Honda Locations: Dorset , Vt, Vermont, Vermont - New York State, Albany, N.Y

☆ One Dead After Boat Capsizes on Underground Cave Tour, Officials Say
▼ + stars: | 2023-06-12 | by ( Ed Shanahan | Lola Fadulu | ) www.nytimes.com time to read: +1 min

One person died and more than a dozen others had to be rescued after a tour boat capsized Monday morning while carrying passengers through an underground cavern in western New York, prompting an all-out rescue effort, officials said. Twenty-nine people were on board when the boat tipped over at the Lockport Cave in Lockport, N.Y., Luca Quagliano, Lockport’s fire chief, said at a news conference. Emergency workers rescued 16 people from the water, Chief Quagliano said; the rest were able to get to safety on their own. In addition to the person who died, eleven people were hospitalized with minor injuries after being pulled from the water, Chief Quagliano said. The city’s police and fire departments and other public safety agencies immediately began rescue efforts, officials said.

Persons: Luca Quagliano, Quagliano, capsizing Locations: New York, Lockport, N.Y, Niagara Falls

☆ A supernova that exploded in a nearby galaxy is one of the brightest in a decade. Here's how to see it.
▼ + stars: | 2023-06-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

A supernova has exploded in the Pinwheel Galaxy 21 million light-years away. Named SN 2023ixf, it sets itself apart by being one of the brightest seen in a decade. The supernova, which appeared in the Pinwheel Galaxy 21 million light-years away, is one of the biggest and brightest in our skies in a decade, Space.com reported. But this supernova, named SN 2023ixf, sets itself apart by its proximity to Earth: it's located in the Pinwheel Galaxy, which is only about 21 million light-years away. The Pinwheel Galaxy is located close to two of the stars in the handle of the Big Dipper.

Persons: —, Space.com, Dan Perley, Kuntz, Mould, Chu, Jacoby, Hanna, Miller, Rodriguez, de Martin, Koichi Itagaki, Webb, Perley, It's Organizations: Galaxy, Service, Liverpool John Moores Observatory, Hubble, Gemini, NASA, ESA, K, JHU, Bresolin, University of Hawaii, Jet Propulsion, University of Illinois, CSA Locations: Urbana, Canada, France, Hawaii, T.A

☆ N.B.A. Finals Game 5 Live Updates: Denver Nuggets Look to Close Out Miami Heat
▼ + stars: | 2023-06-12 | by ( Sopan Deb | Tania Ganguli | ) www.nytimes.com time to read: +4 min

Juhyun Lee, left, Jung Soo Lee, center, and Junam Lee, right, went to Game 1 of the N.B.A. In 2019, Junam Lee began posting about her father, Jung Soo Lee, on a Denver Nuggets fan page on Reddit, often with comments about how excited he was for an upcoming game. “It almost felt like a reflection of my life,” Jung Soo said in Korean during an interview translated by Juhyun. And there Nuggdad was at what was the biggest game in Nuggets history to that point, wearing his Murray jersey. “That’s motivating for me to continue to get healthy and find victories throughout my life, in whatever they may look like,” Jung Soo said.

Persons: Juhyun Lee, Jung Soo Lee, Junam Lee, Junam, “, Jung Soo, Nikola Jokic, “ Nuggdad, ”, Alec Gwin, ung, ince, amal, eason, ike, J ung Organizations: Denver, Nuggets, Denver Nuggets, Lakers, Western Conference Locations: ”, y'all

The bank hiked its price target to $154 from $139, which implies 24.7% upside from where shares closed on Friday. "We were encouraged by CEO commentary that retail margins could improve beyond pre-pandemic levels (4-5% in US)," wrote analyst Justin Post. "In 1Q, Amazon US retail margins were up 340bps y/y, one of the best quarters in the company's history for y/y margin improvement," Post added. Post thinks that, based on margin improvement year-to-date, metrics showing strong leverage and management's commentary, Amazon's 2024 U.S. retail margins could reach a range of 4% to 5%. The analyst noted that a 22% year-over-year decline in U.S. retail gasoline prices should aid retail margin improvement.

Persons: there's, Justin Post, Andy Jassy's, Amazon's, — CNBC's Michael Bloom Organizations: Bank of America, Amazon, Shipping

☆ El espía que me llamó
▼ + stars: | 2023-06-10 | by ( Nicholas Casey | ) www.nytimes.com time to read: +3 min

Dijo que tenía algunas cartas de amor, pero nada que equivaliera a un archivo de los secretos del rey. Villarejo siguió insistiendo, pero Zu SaynWittgenstein volvía una y otra vez a su frustración por su relación con el antiguo rey. Recordé que un editor bien relacionado en Madrid me había dicho una vez que por cada verdad que Villarejo decía, también decía cinco mentiras. Yo le había contado a Bautista que me reuniría con el espía, pero le di órdenes estrictas de que no se lo dijera a nadie más y las había cumplido. La agenda era más útil, ya que ofrecía una forma de cruzar referencias de muchas de las reuniones que Villarejo afirmaba haber tenido.

☆ The moon's pull is so strong it may trigger earthquakes on Earth. Scientists are still baffled by its power.
▼ + stars: | 2023-06-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

A small handful of experts claim to have evidence that our satellite produces forces that can trigger earthquakes. The moon's effect on earthquakes was hiddenScientists have long pondered whether the moon's tides could be linked to earthquakes. And it seems that in some cases, the moon did help trigger earthquakes around the world. By digging into these datasets, a few studies have suggested a link between Earth tides and earthquakes. Rather, it is when the rock is on the very brink of collapse that the moon's small tug could push it past that final tipping point.

Persons: —, Vi Nguyen, Chris Scholtz, Scholtz, Juan, Scholz, C.H, Tan, Nat Commun, Davide Zaccagnino, Zaccagnino Organizations: Service, NASA, Columbia Climate School, Pictures, NOAA, US, Nature Communications, Sapienza University of Rome Locations: Fuca, Earthquakes

☆ A.I. or Nuclear Weapons: Can You Tell These Quotes Apart?
▼ + stars: | 2023-06-10 | by ( Ian Prasad Philbrick | Tom Wright-Piersanti | ) www.nytimes.com time to read: +2 min

executives have likened their product to nuclear energy. creators’ calls for national and international regulation — much as scientists called for guardrails governing nuclear arms in the 1950s. The creators of this technology are telling us we need to pay attention.”Not every expert thinks the comparison fits. and nuclear energy, has upsides and risks. or nuclear technology.

Persons: “, ’, ”, Rachel Bronson, Julian Togelius Organizations: Atomic Scientists

So what's hot in fintech right now? One area fintech companies are getting excited by is an improvement to online checkout tools. Callan Carvey, global head of operations at Cleo, said the firm's AI connects to a customer's bank account to get a better understanding of their financial behavior. "A job that typically would take around one or two weeks can now be completed in 30 minutes, right. Several fintech executives CNBC interviewed spoke of how they're not interested in launching products tailored to crypto as the demand from their customers isn't there.

Persons: MacKenzie Sigalos, hasn't, they've, Starling, Richard Davies, Davies, Niklas Guske, —, B2C fintechs, David Singleton, Guske, dazzled, Cleo, Callan Carvey, Carvey, Teo Blidarus, Taktile's, Hiroki Takeuchi, Takeuchi, Changpeng Zhao, they're, Jack Zhang, Zhang, Prajit Nanu, cryptocurrencies, Banks, Nanu Organizations: Bank, fintechs, CNBC, Business, Allica Bank, B2B, Tiger, Schroders Capital, Atom Bank, Schroders, U.S . Securities, Exchange Commission, SEC, U.S, cryptocurrencies Locations: Amsterdam, MacKenzie Sigalos AMSTERDAM, Netherlands, British, Atomico, U.S

☆ Cracker Barrel saluted Pride Month, and some people are losing it
▼ + stars: | 2023-06-09 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +3 min

Cracker Barrel posted a "Happy Pride Month" salute on social media with a rainbow rocking chair. The restaurant chain posted a photo on its Facebook page Thursday showing a rainbow-themed rocking chair on the porch of a Cracker Barrel restaurant. Facebook user Scarlett Wells wrote: "I've literally avoided Cracker Barrel because I was pretty sure y'all weren't inclusive. The backlash against Cracker Barrel is the latest in a wave of anti-LGBTQ protests and boycotts against major businesses, including Target, Bud Light, and Disney. Cracker Barrel also sparked criticism and boycott threats last year when it added vegan sausage to its menu.

Persons: —, Scarlett Wells, I've, Critics, Ronny Jackson, Wu Tang, Bud Light Organizations: Facebook, Service, Pride, Texas Republican, Target, Disney, New York Times Locations: Texas, Tennessee

☆ What N.Y. Lawmakers Have, and Haven’t, Accomplished This Year
▼ + stars: | 2023-06-09 | by ( Luis Ferré-Sadurní | Grace Ashford | ) www.nytimes.com time to read: +1 min

After a grueling year marked by Democratic infighting, New York State lawmakers are expected to conclude the 2023 legislative session this weekend with few marquee policy wins and a notable failure to address the state’s critical housing needs. Despite last-ditch efforts, Democrats in control of the State Capitol failed to introduce or pass legislation to tackle the state’s affordable housing crisis, perhaps the most pressing issue on their policy agenda, leading to a public round of backbiting between lawmakers and Gov. Even so, Democrats were claiming victories on other fronts, weary as they were from drawn-out state budget negotiations that shortened their time to legislate. Lawmakers are expected to pass a long-stalled initiative to seal old criminal records to help people convicted of certain crimes re-enter society. They also passed a bill to create a commission to study reparations for Black people, making New York the second state after California to undertake such an initiative, and were pushing to expand health care services for undocumented immigrants.

Persons: Kathy Hochul Organizations: Democratic, New York, State Capitol, Gov Locations: New, New York, California

☆ Did N.Y. Leaders Leave Residents Unprepared for the Air Quality Crisis?
▼ + stars: | 2023-06-09 | by ( Emma G. Fitzsimmons | Luis Ferré-Sadurní | ) www.nytimes.com time to read: +1 min

On Tuesday afternoon, the governor’s office issued a news release announcing that the wildfires were creating hazy conditions in New York City and elsewhere, urging residents to limit exposure and saying state experts were monitoring the situation. On Wednesday morning, as many New Yorkers woke up to a thick blanket of haze, the governor spoke to reporters in Albany about the situation, saying it was “an emergency crisis” and warning it could last several days. Asked about the wisdom of declaring a state of emergency, Ms. Hochul said that it was unnecessary. “A state of emergency is a mechanism you use when there’s something you can do about it,” she said. “We don’t have a lot we can do about the circumstances for contaminated toxic air coming into our airspace, so there’s not a need for deploying resources or bringing money to the table.”

Persons: ”, Jay Varma, Bill de Blasio, Hochul, there’s Organizations: Cornell Center for Pandemic Prevention, Mexico City, state’s Department of Environmental Conservation Locations: Beijing, Mexico, New York City, Albany

☆ Activist sues Rep. Lauren Boebert for defamation, alleging she slandered him on Fox News when he revealed her alleged drug use, abortions, and escort work
▼ + stars: | 2023-06-09 | by ( Jennifer Cunningham | ) www.businessinsider.com time to read: +3 min

Now he's suing her for defamation, alleging she defamed and disparaged him on Fox News. Boebert did not follow through with her threat to sue Wheeler or American Muckrakers, the lawsuit says. — Lauren Boebert (@laurenboebert) June 15, 2022Wheeler alleged Boebert's legal threats and interviews with media outlets damaged both his and American Muckracker's reputation and violated his First Amendment rights. He said he'd received death threats and that donations to American Muckrackers tanked following Boebert's media appearances. "Partisan organizations putting out blatantly false and disgusting accusations won't stop me from advancing freedom and conservative values," Boebert told Fox News in June 2022.

Persons: David Wheeler, Lauren Boebert's, he's, Boebert, —, Lauren Boebert, Sean Hannity, Defendant Boebert, Defendant, Wheeler, — Lauren Boebert, he'd Organizations: Fox News, Service, Colorado Republican, Twitter Locations: Colorado, Boebert's

☆ How Samsung became the world’s No. 2 advanced chipmaker and set the stage for a U.S. manufacturing boom
▼ + stars: | 2023-06-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article NVDAQCOM6758.T-JPAMATAMD2330-TW.FKRX300MUAAPL Follow your favorite stocks CREATE FREE ACCOUNTSamsung's $17 billion new chip fab is under construction in Taylor, Texas, on April 19, 2023. CNBC recently went inside Samsung's Austin chip fab, for the first in-depth tour given on camera to a U.S. journalist. Samsung got its start in 1938 as the Samsung Sanghoe Trading Company, founded by Lee Byung-chull in Korea. Just a decade after making its first memory chip, Samsung was coming to market with a version that had 1,000 times the capacity. As consumers rein in their spending in the face of rising inflation, demand for memory chips has weakened sharply.

Persons: Katie Brigham, Jon Taylor, Patel, Jinman Han, Han, Lee Byung, Lee Kun, Geoffrey Cain, weren't, Apple, Cain, Jay Y, Lee, Yoon Suk, Joe Biden, Jonathan Ernst Organizations: AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Intel, they'll, CNBC, Austin, Samsung Sanghoe Trading Company, Samsung Samsung, Samsung Electronics, Samsung TV, Hankook Semiconductor, Apple, Republic of Samsung, Samsung Electronics Pyeongtaek, Reuters Locations: Taylor , Texas, TSMC, U.S, Korea, New Jersey, Silicon Valley, South Korea, Republic of, Austin , Texas, Texas, Austin, Pyeongtaek

☆ Salesforce is developing a ton of new AI products that could lead to 'a massive new buying cycle' Goldman Sachs and Morgan Stanley analysts believe
▼ + stars: | 2023-06-09 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Salesforce could be leading it, with a giant list of new AI products in the works. And he told tale after tale of planned AI products. Morgan Stanley's Keith Weiss believes Salesforce's claims that AI has the potential to "spark a massive new buying cycle." Rangan tallied up 15 pending AI products from Salesforce. There will be five new AI products incorporated into the Marketing cloud to automate tasks ranging from personalized emails to analyzing engagement.

Persons: Salesforce, Marc Benioff, Claude, Goldman Sachs, Kash Rangan, Salesforce's, Einstein, Rangan, Morgan Stanley's Keith Weiss, Weiss Organizations: OpenAI, Salesforce Ventures, Google, Salesforce's, Slack, Products, Next

☆ Here are Friday's biggest analyst calls: Apple, Netflix, Target, Tesla, Corning, Adobe, Meta & more
▼ + stars: | 2023-06-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Adobe to overweight from equal weight Wells said it's bullish on the company's AI opportunity. Morgan Stanley reiterates General Motors as overweight Morgan Stanley said GM and Tesla's charging agreement could be a game changer. Morgan Stanley reiterates Carvana as equal weight Morgan Stanley said it's getting a little more constructive on the stock after the company announced improved second-quarter guidance. " Loop reiterates Best Buy as buy Loop said Best Buy could be a long-term beneficiary of virtual reality after Apple announced its launch earlier this week. Morgan Stanley upgrades Corning to overweight from equal weight Morgan Stanley said in its upgrade of the glass company that it sees an attractive risk/reward.

Persons: Tesla, Wells, it's bullish, Morgan Stanley, KeyBanc, Key, Carvana, it's, Roth, Mgmt, Jefferies, Archer, EVEX, Ulta, Corning, Guggenheim Organizations: UBS, Motors, GM, Apple, Citi, Target, Walmart, Netflix, Apple Vision, Meta, Embraer, BMO, Microsoft, Nike Locations: WMT

☆ Santos asks court to reverse order to reveal his bail backers' identities in criminal fraud case
▼ + stars: | 2023-06-09 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Rep. George Santos, R-N.Y., asked a federal court Friday morning to reverse a judge's order to reveal the identities of the people who guaranteed the $500,000 bond in his criminal fraud case. An attorney for Santos, the scandal-plagued freshman congressman who is charged with multiple financial crimes, argued that the backers' identities should remain private because of concerns that they will be attacked and harassed as a result of the "media frenzy" surrounding the case. But Murray said that "countervailing factors" support keeping the bail backers' identities under wraps. He said that Santos, his staff and others have been subjected to "hateful attacks" through the case. He added that if the other two backers' identities are released, they are likely to decide "that they shall have to withdraw from, serving as suretors."

Persons: George Santos, Santos, Joseph Murray, Murray, Anne Shields, Shields, Judge Shields Organizations: Rep, Republican, Democratic, Capitol, Santos, The New York Times Locations: Washington, Long

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