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UK Finance Minister Reeves vows no austerity despite tough budget
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: +1 min
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability. Finance minister Rachel Reeves will promise Britain on Monday there will be no return to "austerity" or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy. "There will be no return to austerity. Conservative austerity was a destructive choice for our public services - and for investment and growth too," Reeves will say, according to extracts from her speech. "We must deal with the Tory (Conservative) legacy and that means tough decisions.
Persons: Rachel Reeves, Reeves Organizations: Britain's, Labour, Labour Party, Tory Locations: English, Liverpool
Elon Musk’s X to comply with Brazil court orders after U-turn
  + stars: | 2024-09-23 | by ( ) edition.cnn.com   time to read: +2 min
The Brazilian Supreme Court asked the social media platform Saturday to present documents validating its new legal representative in the country. X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation on the platform. X lawyers said late Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its local staff. It was not immediately clear which were the accounts X has been ordered to block, as the probe is confidential.
Persons: Elon Musk’s, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes, X Organizations: Brazilian, Court Locations: Brazil
That standard guidance will be circulated Monday, seven days before a shutdown could occur. Should lawmakers fail to pass a funding bill, millions of federal workers and military personnel would be affected by a shutdown. Another 1.4 million federal employees may have to work without pay, though some of these positions are funded through resources other than annual appropriations, she said. All federal employees are guaranteed back pay, though contractors are not. Even the threat of a shutdown can disrupt the lives of federal employees, who could have to forgo their paychecks.
Persons: Mike Johnson, shutdowns, Rachel Snyderman, Snyderman, , , Donald Trump, Trump, Chuck Schumer, aren’t, ” Doreen Greenwald, Everett Kelley, Joe Biden Organizations: Washington CNN, Louisiana Republican, Democratic, CNN, , OMB, White, Management, Senate, Center, SAVE, GOP, noncitizens, Representatives, Social Security, National Treasury Employees Union, American Federation of Government Employees, District of Columbia Locations: Louisiana
Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised. A budget to rebuild Britain," she told a crowd of Labour party delegates Monday. Reeves has suggested that taxes are likely to rise at her upcoming Oct. 30 Autumn budget after discovering a £22 billion ($29 billion) "black hole" in the public finances.
Persons: Rachel Reeves, heckles, Keir Starmer, Reeves, Jeremy Hunt Organizations: Labour Party, Finance, Labour, Conservative Party, Conservatives Locations: Liverpool, England, ENGLAND, Britain
In August 2022, I thought I was attending a garden party to celebrate the launch of a new line of Sunglass Hut glasses. It turned out to be my dream Central Park engagement. Leo and I met in March 2019 during an influencer trip to Disney World. Although we discussed getting engaged before, I believe an engagement should be a surprise, and ours was the most incredible surprise. I ended up giving her a dress that she wore while getting engaged.
Persons: Rachel Martino, Leo, Prince Eric, Facetimes, Noelle Organizations: Service, Disney, Coachella, Park Locations: Orlando, LA, New York, Mexican, Central Park, Paris, Greenpoint , Brooklyn
X was shut down in Brazil in late August after it did not comply with orders from the top court related to hate speech moderation in the social platform. X lawyers said late on Friday that the platform had named a legal representative in Brazil, addressing a key demand imposed by the court. In a Saturday decision, Supreme Court judge Alexandre de Moraes gave five days for X to provide commercial registries and other documents proving that X formally signed Rachel de Oliveira Conceicao as its Brazil legal representative. Brazilian law requires foreign companies to have a legal representative to operate in the country. X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its staff in the country.
Persons: Elon Musk, Alexandre de Moraes, Rachel de Oliveira Conceicao, Musk, Moraes Organizations: Brazilian, Saturday Locations: Brazil
And, like thousands of Haitians, he chose to settle in Springfield, Ohio, where his brother lived and the surrounding community made him feel safe and welcome. “That’s hard.”Vilbrun Dorsainvil speaks to CNN in Springfield, Ohio. “There are concerns for our safety and future,” said Madet Merove, a Haitian immigrant and United Methodist pastor who lives in Springfield. But that’s changed, she said, with the increase of Haitian immigrants. But despite the threats, Dorsainvil said he has reason to hope.
Persons: Vilbrun Dorsainvil, Dorsainvil, , , fiancée, , you’ve, Donald Trump, specter, CNN ‘, Madet Merove, Mike DeWine, Andy Wilson, ” Wilson, Springfield, Springfield Mayor Rob Rue, ” “, Rue, Biden, Margery Koveleski, Bryan Heck, Sen, Sherrod Brown, Heck, I’m, Koveleski, she’s, that’s, we’re, That’s, , ” Corey Worden, Rachel Worden, Corey Worden, Trump, ’ ”, ” Dorsainvil Organizations: Springfield , Ohio CNN, CNN, Clark State College, United Methodist, Ohio Gov, FBI, ATF, Schools, Springfield Mayor, Springfield, Ohio Democrat, Patrol, , Job, Talent, Springfield “, Locations: Springfield , Ohio, Haiti, United States, Ohio, Springfield, Haitian, Clark County, Nicaragua, Venezuela, Cuba, Macy’s, Springfield’s, New York City,
They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.
Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England
Jon Lovett, a podcaster and speechwriter who worked with former President Barack Obama, was the first person voted off during the season premiere of "Survivor 47." Jeff Probst, the show’s host and executive producer, told Parade magazine that he did not expect Lovett to leave so early. Sierra Wright, Sam Phalen, Andy Rueda, Anika Dhar, Rachel LaMont, Jon Lovett, and Jeff Probst at Tribal Council on "Survivor." "Are you telling me I’ve been waiting for this season of survivor to watch Jon Lovett play for 3 months and he is gonna be voted out first?! "Stop the steal," Lovett wrote in a post on X.Lovett, 42, co-hosts "Pod Save America" alongside fellow former Obama staffers Jon Favreau, Dan Pfeiffer and Tommy Vietor.
Persons: Jon Lovett, Barack Obama, Lovett, Jeff Probst, , Andy, ” Probst, Andy Rueda, Probst, Sierra Wright, Sam Phalen, Anika Dhar, Rachel LaMont, Robert Voets, weren't, I’ve, Jon, Donald Trump's, Jon Favreau, Dan Pfeiffer, Tommy Vietor, Hillary Clinton, John Kerry Organizations: Tribal Council, CBS, Survivor, Twitter
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMike Molloy is a nutrition coach to elite athletes and regular folk alike. This story is available exclusively to Business Insider subscribers. Having strong social connections is well-established as an important factor in longevity, and if your friends and family also encourage you to live a healthy life, all the better.
Persons: , Mike Molloy, Molloy, Sleep Molloy Organizations: Service, Business, Research
Even long-time "Friends" fans may not know some of the most intriguing facts about Phoebe, played by Lisa Kudrow. Phoebe once paused her vegetarian dietLisa Kudrow as Phoebe Buffay on "Friends." When she was younger, Phoebe mugged RossAfter Ross and Phoebe are mugged in season nine, Ross says the same thing happened to him as a teenager. AdvertisementRoss was the first of the friends that Phoebe metLisa Kudrow as Phoebe Buffay and David Schwimmer as Ross Geller. However, Phoebe mugged Ross 18 years before season nine, so she actually met Ross before meeting any of the other friends.
Persons: , Phoebe Buffay, Phoebe, Lisa Kudrow, NBC Phoebe, Joey, isn't, Lily, Bob Balaban, Frank Buffay, Phoebe's, it's, he's, Frank Jr, Ursula Phoebe, Ursula, Chandler, Paul Rudd, Phoebe doesn't, Ross, Susan, Mike, Kudrow, David Schwimmer, Ross Geller, NBCUniversal, Monica, Rachel, She's, Denise, David Hume Kennerly Organizations: Service, Business, NBC, Getty Locations: Canadian, Vegas, Ross
CNN —In some corners of society, there appears to be a shift in the way people talk about kids. Every so often, a provocative social media post sets off predictably polarizing discourse about the presence of children in daily life. The implication (joking or otherwise) is that children are a nuisance and adults shouldn’t have to endure them if they don’t want to. The people behind them aren’t part of some organized movement nor are they actually lobbying for the exclusion of children from public spaces. Rather, Berg understands online disdain for kids partly as a performative response to rhetoric from political and religious conservatives.
Persons: snarkily, , shouldn’t, Mariah Maddox, , Elinor Burkett, Boon, , Lisa Belkin, Jason Lancaster, Anastasia Berg, Rachel Wiseman, Berg, JD Vance’s, Pope Francis, aren’t, Jessica J, June Carbone, Carbone, ” Carbone, Yolanda Williams, glared, ” Williams, Lauren Kavan, She’s, Kavan, , , Jessica Calarco Organizations: CNN, Friendly, New York Times Magazine, University of Wisconsin, Madison, , tote Locations: Ohio, Nebraska, Berg
Making the Case for the Fed: Two Experts Weigh In
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaking the Case for the Fed: Two Experts Weigh InRoger Ferguson, Former Federal Reserve Vice Chairman and Rachel Siegel, Washington Post Business Reporter, discuss the upcoming Fed rate decision, debating whether the cut will be 25 or 50 basis points.
Persons: Roger Ferguson, Rachel Siegel Organizations: Federal, Washington, Business
PHILADELPHIA — Vice President Kamala Harris will take questions from three members of the National Association of Black Journalists on Tuesday, six weeks after former President Donald Trump questioned her ethnicity and clashed with a journalist at the organization’s national convention in Chicago. But it is not an official campaign event, and it is open only to select NABJ members and 100 students from historically Black colleges and universities. “I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black,” Trump said, drawing gasps. “NABJ does not endorse political candidates as a journalism organization,” NABJ President Ken Lemon said in a statement last week. The interview with Vice President Harris is designed to inform the public and give our members access to help inform their reporting.
Persons: Kamala Harris, Donald Trump, Harris, NABJ, Sheila Jackson Lee, Tonya Mosley, Gerren Keith Gaynor, White, Eugene Daniels, Playbook, PolitiFact, Rachel Scott, , Abraham Lincoln, ” Trump, ” Harris, , , Ken Lemon, Trump Organizations: PHILADELPHIA, National Association of Black Journalists, White House, Politico, YouTube, Trump, ABC, NBC Locations: Chicago, Texas, WHYY, Philadelphia, California
Michael Jordan's mansion may have finally found a buyer after about 12 years on and off the market. Jordan listed the property for $29 million in 2012. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMichael Jordan's mansion in the suburbs of Chicago has sat abandoned for years.
Persons: Michael Jordan's, Jordan, Organizations: Service, Business Locations: Jordan, Chicago
I was an immigrant child, and growing up in the UK in an Albanian family wasn't easy. It's ironic, given that I now run two fitness businesses and my main passion is getting women into strength training. I now run two fitness businesses that combined made over $70 million last year. What strength training does for your mind and body is profound; it's so empowering. It was good for SEO but contradicted our message and ethos, which is that strength training is about more than just how your body looks.
Persons: , Krissy Cela, — I'd, Jack Bullimore, I've, David, Lukas Kurzmann, I'd, We've, Oner, I'm Organizations: Service, Business Locations: London, LA, Albania, Greece, PE
And on the red carpet outside LA’s Peacock Theater, the show’s cast and crew (and their significant others) produced some of the evening’s most eye-catching fashion, too. But it was his actress wife Kurumi Nakata who wowed the red carpet in a kimono featuring gold detailing worthy of a historical Japanese painting. Moeka Hoshi wore a chiffon Miu Miu gown. Amy Sussman/Getty ImagesBeyond the main cast, actor Moeka Hoshi, who has a recurring role in the series, impressed in a look by Miu Miu, the sister label to luxury giant Prada. "Shōgun" creators Justin Marks and Rachel Kondo pose on the red carpet.
Persons: CNN —, , Anna Sawai, Vera Wang, Cartier, Sawai, Lady Mariko, Karla Welch, , ” Welch, Vogue, ” Hiroyuki Sanada, Gilbert Flores, Tadanobu Asano, Kurumi Nakata, Danny Moloshok, Hiroyuki Sanada, Yoshii Toranaga, Moeka Hoshi, Miu Miu, Amy Sussman, Yuko Miyamoto, Yuka Kouri, Yuka Kouri's, Jae C, Yuko, Kevin Mazur, Rachel Kondo, Justin Marks —, James Clavell’s, Christopher John Rogers, Justin Marks, Frazer Harrison, Shōgun ” Organizations: CNN, Dior, Variety, Golden Globe
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.
Persons: , Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil
When I first realized my now-husband had an inner monologue, I thought something was wrong with him. My head is quiet all the time, which puts me in the minority since most people have a monologue. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Oh, you mean how I just vocalize my inner monologue?
Persons: , I've Organizations: Service, Business
CNN —The American-Turkish activist Ayşenur Ezgi Eygi, who was killed by Israeli gunfire in the West Bank last week, has been buried in her family’s hometown in southwestern Turkey. Eygi, who was born in Turkey and had joint US citizenship, was shot by Israeli forces while taking part in a weekly protest against an Israeli settlement near the Palestinian village of Beita. A guard of honour carries the Turkish flag-draped coffin of Aysenur Ezgi Eygi during her funeral ceremony in Didim. Dilara Senkaya/ReutersThe ISM has criticized Biden for refusing Eygi’s family’s demands for an independent and transparent investigation into her death. Her presence in our lives was taken needlessly, unlawfully, and violently by the Israeli military,” they said in a statement.
Persons: Ayşenur Ezgi Eygi, Rachel Corrie, Eygi, , Joe Biden, Numan Kurtulmuş, , Biden, Ezgi, Dilara Senkaya, Eygi’s, Juliette Majid, Aysenur Organizations: CNN, West Bank, University of Washington, International Solidarity Movement, Israel Defense Forces, National Assembly Locations: Turkey, Turkish, Didim, Beita, Gaza
But it was a first when Bear Grylls joined our call while hiking in rugged, rural north Wales where he lives. Only seeing him abseil down a mountain with his phone in one hand would have made the set-up any more classic "Bear Grylls." Obama and Grylls on "Running Wild with Bear Grylls." We also make some really good healing mushroom cacao hot chocolates with raw milk and honey, and it's just insanely good. I'm really lucky, I sleep really well.
Persons: I'm, Bear Grylls, Grylls, It's, wasn't, Barack Obama, chow, Zac Efron, Obama, I've, Ian Forsyth, we're, You've, Shara, Karwai Tang, they're, it's Organizations: Eton College, Business, Special Air Service, Delta Force, NBC, British Army, SAS, Royal Marines Locations: Wales, North Wales
The family of an 11-year-old boy said he was suspended from his Virginia Beach, Virginia, school because administrators thought he waited too long to report that another student brought a bullet to class. An attorney for the family accused St. John the Apostle Catholic School of punishing the sixth grader when he was only trying to do the right thing. “They’re ruining this kid’s academic career by putting a suspension on his middle school record.”St. John the Apostle Catholic School in Virginia Beach. Anderson said a student pulled out a bullet and showed it to the 11-year-old right before the test started. “That was quite shocking to [his] mom that one, he would receive the exact same punishment that the kid that brought the bullet to school received.
Persons: John the, , , Tim Anderson, , Anderson, that’s, ” Anderson, Rachel Wigand, , ” Michael Riley, Wigand, ” She’s Organizations: John the Apostle Catholic, , John the Apostle Catholic School, Google, Catholic, NBC Locations: Virginia Beach , Virginia, ” St, Virginia Beach, Richmond, Portsmouth
Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.
Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, , David Goldfarb, ” Goldfarb, they’re, , Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, , Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, , San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro
A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns about illicit drug advertisements on Facebook and Instagram. "Meta's response not only ignores most of the questions posed in our letter, but also refuses to acknowledge that these illicit drug ads were approved and monetized by Meta and allowed to run on their platforms," Walberg said in a statement. In its letter to lawmakers, Meta Vice President of Global Legal Strategy Rachel Lieber said that the company shares lawmakers' concerns "about the public safety and health threat caused by the opioid epidemic." Meta is "profiting from proving paid amplification to drug trafficking sites that would not have the reach without Meta's advertising platforms." Read Meta's letter to lawmakers below:
Persons: Mark Zuckerberg, Emily Chang, Tim Walberg, Meta, Walberg, Rachel Lieber, Lieber, Katie Paul, Paul, Zuckerberg, Read Organizations: Meta, Inc, Republican, Facebook, . Michigan, Wall Street Journal, Tech Transparency, Global, CNBC Locations: Menlo Park , California, San Francisco
San Salvador, El Salvador CNN —For decades, life choices were bleak for many in El Salvador: Leave or die. El Salvador, once synonymous with violence and waves of emigration, saw a dramatic drop in crime. We are not stupid.”Villatoro’s words echo the brutal reality El Salvador has faced for years. Unlike in places like Cuba or China, where residents can seem nervous to criticize repressive regimes, in El Salvador the optimism appears real. Evelio Contreras/CNNTeresa Lilian Gutierrez is caught in the middle, and her experience shows the many complexities of life in El Salvador today.
Persons: Nayib Bukele, Victor Bolaños, Blanca, , ” Victor, ” Blanca, Evelio Contreras, Bukele, Victor, Diego Morales, , El, ” Diego, Salvadorans, Diego, Jairo, “ We’ve, … it’s, ” Jairo, , El Salvador, , Cecot, Gustavo Villatoro, they’ll, Bukele’s, Donald Trump, ” Trump, ” Villatoro, Juan Carlos Cornejo, Juan Carlos, Socorro Jurídico, Juan Carlos ’, Critics, CNN Teresa Lilian Gutierrez, San Salvador . “, “ He’s, , they’re, René Merino, Merino, Blanca Bolaños Organizations: San Salvador , El, San Salvador , El Salvador CNN —, New, New York City, CNN, El, Central, Rights Watch, Northern, Customs, Border Protection, World Bank, Houston, La Libertad, Barrio, El Salvador Presidency Central, , Republican National Convention, Salvadoran, Officials Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, New York, Denver, San Salvador, Central American, Central America, Honduras, Guatemala, El, Houston, Florida, Austin, Hawaii, Tamanique, Salvadoran, United States of America, Santa Ana, , Socorro, Cuba, China, La Campanera, San Salvador ., Mariona, America, Bukele
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