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It was during those hours of questioning that Bankman-Fried repeatedly said he couldn't recall specific details from his time as CEO of FTX, his now-defunct cryptocurrency exchange. Asked whether his support for regulation in the crypto industry was contingent upon protecting customers, Bankman-Fried testified Monday: "I don't recall that specifically, no." He similarly struggled to recall whether he ever mentioned to the public that while trading on FTX, Alameda didn't play by the same rules as other customers. AdvertisementAdvertisementBankman-Fried's instructions as CEO were just 'suggestions'Chelsea Jia Feng/InsiderBankman-Fried insisted on the stand that he didn't recall making various instructions to his employees, especially those like Ellison, Gary Wang, and Nishad Singh. Asked if he instructed Ellison to purchase cryptocurrencies in her capacity as co-CEO of Alameda, Bankman-Fried was vague, saying, "I don't recall an instance.
Persons: Sam Bankman, Lewis Kaplan, , Fried, Danielle Sassoon, FTX, SBF, FTX's, Judge Lewis Kaplan, Caroline Ellison, Eduardo Munoz Alvarez, Sam Trabucco, beholden, Sassoon, Chelsea Jia Feng, Ellison, Gary Wang, Nishad Singh, I'm, Jane Rosenberg, Gary, Nishad, Ryan Salame, it's, Mark Cohen, Judge Kaplan Organizations: Service, Alameda Research, Alameda, REUTERS Locations: Bankman, Manhattan, Alameda, FTX
The Education Department released the draft text of its second attempt at student-debt relief. AdvertisementAdvertisementPresident Joe Biden's Education Department just released the latest details on its second attempt at student-loan forgiveness. On Monday, the department released the draft text of its proposal to cancel student debt for federal borrowers using the Higher Education Act of 1965. The high court ruled Biden did not have the authority to cancel student debt broadly using that law. AdvertisementAdvertisementA senior department official also told reporters that the amount of student debt canceled could vary by each group.
Persons: , Joe Biden's, Biden, Harris, Miguel Cardona, Education James Kvaal, Tamy Abernathy, it's, Ashley Pizzuti Organizations: Education Department, Service, Joe Biden's Education Department, Higher, Education
He said deadlines at Amazon were aggressive and that he felt he wasn't allowed to ask questions. We didn't have a lot of money, and I always believed that I needed a high-paying job to support my family. I was really happy I landed a job at Amazon right after graduation and felt a huge weight lift from my shoulders. I just wish I had known sooner that what happened while I was at Amazon didn't define me or my capabilities. AdvertisementAdvertisementIf you recently quit your big tech job and want to share your story, email Aria Yang at ayang@insider.com.
Persons: Navdeep Singh, Singh, , didn't, I'd, I'm, Aria Yang Organizations: Amazon, Service, Washington State University, Google, YouTube Locations: Seattle, Reddit, ayang@insider.com
People who study Russia say war and a glorious death are ingrained in the national psyche. The willingness of President Vladimir Putin and his generals to sacrifice thousands of soldiers in often-reckless assaults has become a blood-drenched hallmark of the war. "So in his own family, they've already paid that blood sacrifice, and he did his duty during the Cold War. "The official mantra of the Russian military is John 15:13, from the Bible," Carleton said. In Putin recruiting soldiers from villages in remote parts of Russia and among its non-Russian ethnic groups, Putin can avoid the perception of high casualty rates.
Persons: , Vladimir Putin, Putin, Gregory Carleton, Carleton, they've, Jaroslava Barbieri, Kremlin, Barbieri, Ben Soodavar, Kirill Organizations: Service, Avdiivka, UK Ministry of Defence, Tufts University, Birmingham University, Ukraine's Military Intelligence, King's College London, Nazi, Reuters, Russian Orthodox Church Locations: Russia, Ukraine, Russian, Germans, Kyiv, Nazi Germany, Ukrainian, Donetsk, Moscow, Donbas
She says most medical professionals aren't taught three important financial concepts. Now Burton coaches her colleagues on personal finance through her business, Strive With Kristin, where over 1,000 medical professionals have enrolled in her courses and purchased her ebooks. Burton says that most medical professionals aren't taught three basic personal finance concepts that could drastically change their financial outlook after graduating from college. It can work against you in the context of debt, but it can work in your favor if you're investing money. Burton says that medical professionals new to the workforce try to "keep up with the Joneses" and splurge on luxury items they can't afford.
Persons: Kristin Burton, aren't, , Burton, Kristin, we're, doesn't Organizations: Service
In a viral TikTok, a recent college graduate bemoaned the demands of a 9-to-5 work schedule. Historically, there is precedence for this change, says Ben Hunnicutt, a historian who focuses on why companies abandoned shorter workdays. "The 40-hour workweek, from 9-to-5, is not a universal mandate from God, it's a historical accident," he says. Gen Z workers, like Brielle, might be the ones to facilitate a shift in company expectations. "There is a tendency now in younger folks to value their time more than advancement at work," Hunnicutt says.
Persons: Brielle, doesn't, I'm, they'd, Ben Hunnicutt, Gen, Hunnicutt Organizations: UAW
A billionaire Columbia grad said college students have "shit for brains" for not supporting Israel. AdvertisementAdvertisementA billionaire who gave more than $25 million to Columbia University said students had "shit for brains" for not supporting Israel, and he may have to donate elsewhere unless he sees a "change.'" Leon Cooperman, the chairman and CEO of Omega Advisors and a 1967 graduate of Columbia Business School, made the comments during an appearance on "The Claman Countdown" on Fox Business on Wednesday afternoon. He was primarily referring to a walkout at Columbia University on Wednesday, where students stepped out of their classes to support Palestinians amid worsening violence in Gaza. AdvertisementAdvertisementThe hedge fund boss said he has given "probably about $50 million over many years" to Columbia University.
Persons: , Leon Cooperman, Cooperman, Joseph Massad Organizations: Columbia, Service, Columbia University, Omega Advisors, Columbia Business School, Fox Business, Wednesday, Modern, Hamas Locations: Israel, Columbia, Gaza
Before writing off real estate as too expensive to invest in, you'll want to consider all of your options. Here's how it works and how you can use one to buy real estate and start building long-term wealth. How everyday people have leveraged FHA loans to buy property and build wealthBoston-based investor Karina Mejia used an FHA loan to buy her first property at age 22 . It's a joke but it is solid advice: Before you actually get married, you should each use your own FHA loan." You can get your foot in the door without too much upfront cash by using an FHA loan."
Persons: Ludomir Wanot, witxh, Wanot, Karina Mejia, Sasha, It's, Mejia, Avery Heilbron, Heilbron, Jervais, Jim Resonable, That's Organizations: Federal Housing Association, Evergreen Housing, Ludomir, Seattle, Department of Veterans Affairs Locations: Seattle, Boston, Georgia, North Carolina, North Carolina , California
Two startup founders and a VC explain why they won't hire people who support Hamas. Struck has pledged never to hire people who support Hamas, which has been designated a terrorist organization by the US. In the days following the horrific terrorist attack by Hamas against Israel, this distinction was sometimes lost. In their interviews with Insider, Struck, Broukhim, and Frischer explained nuanced stances and where they draw the line on this issue. Frischer's takeMatt Frischer, co-founder of Protect Matt FrischerFrischer has similar opinions.
Persons: , Adam, Michael Broukhim, Matt Frischer, Oren Etzioni, Israel, Bill Ackman, Frischer, FabFitFun Michael Broukhim, Broukhim, He's, Jonathan Neman, Matt Frischer Frischer, It's Organizations: Hamas, Service, Israel, Madonna Venture, Pershing, Harvard, Columbia, Defamation, cribs Locations: Israel, Los Angeles, Palestine, FabFitFun
Trump said he would revoke student visas of "anti-Semitic foreigners" if he wins a second term. The war between Israel and Hamas has prompted calls to get humanitarian aid to Palestinian civilians. Last week, Israel officially declared war against Palestinian militant group Hamas after the group attacked several towns in southern Israel. "Under the Trump administration, we will revoke the student visas of radical anti-American and anti-Semitic foreigners at our colleges and universities and we will send them straight back home." "In the long run, the best way to aid the Palestinian people is for Hamas to be completely destroyed."
Persons: Trump, , Donald Trump, Israel, Sen, Marco Rubio, Joe Biden, Ron DeSantis, Joe Biden's, Bill Ackman, wouldn't, Les Wexner, Jon Hunstman's, Biden, GOP Sen, Tom Cotton Organizations: Service, Palestinian, Hamas, Florida Gov, NYU, Harvard, Former Utah, University of Pennsylvania, Democratic, GOP, House Democrats Locations: Gaza, Israel, Iowa, Egypt, Palestine
Ackman, in his initial tweet about Harvard, said that "a number of CEOs" shared his desire to publicly out the Harvard students who condemned Israel. Other business leaders were quick to echo his calls, winning plaudits on social media. In a visit to Harvard, Insider spoke with a range of students about the backlash to the statement on Israel. It's ironic, of course, to accuse students of silencing dissent when Ackman and other business leaders are seeking to do exactly that. But now, some Harvard students fear that the backlash from the business community will have a chilling effect on student speech.
Persons: Bill Ackman, they've, Israel, Marc Rowan, Meyer Davidoff, Kalita, Eden Mendelsohn, what's, " Melia Russell, Tim Paradis Organizations: Harvard, Wall, Big Law, University of Pennsylvania, Invictus Pharmacy, LinkedIn, Birkoa Capital Management, Penn, Twitter Locations: Gaza, Silicon, Israel, Silicon Valley
Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.
Persons: , Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza
An NYU law student has lost their job offer after publicly blaming Israel for Hamas' attacks. Law firm Winston & Strawn said it withdrew its offer to the student because of their remarks. The student, president of the NYU Student Bar Association, issued a Monday letter condemning Israel. AdvertisementAdvertisementA New York University law student who published a statement condemning Israel for Hamas' attacks has lost their job offer at Winston & Strawn, the law firm said on Tuesday. "This message was not from NYU School of Law as an institution and does not speak for the leadership of the Law School," McKenzie wrote.
Persons: Israel, Strawn, , Winston, Ryna Workman, Workman, NYU School of Law Dean Troy McKenzie, McKenzie Organizations: Winston, NYU Student Bar Association, Service, York University, Strawn, NYU School of Law, Law, NYU, Israel Defense Forces, Gaza, Gaza Ministry, Health Locations: Hamas, Israel, New York, Palestine, Gaza
Ellison, who ran FTX's sister hedge fund Alameda Research, pleaded guilty in December to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering. Ellison also spent years as Bankman-Fried's on-again, off-again girlfriend and, at times, his roommate. Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Noticeably absent thus far in proceedings is the mention of Ellison's co-CEO Sam Trabucco, who was a classmate of Bankman-Fried at MIT. Lawyers for the U.S. Attorney's office entered into evidence photos featuring Sam Bankman-Fried and his fellow co-workers at their shared $35 million Bahamian penthouse.
Persons: Caroline Ellison, Sam Bankman, Ellison, Gary Wang —, Fried, Yuki Iwamura, Attorney Thane Rehn, Rehn, Mark Cohen, Ellison's, Sam Trabucco, Trabucco Organizations: Alameda Research, Stanford, Jane Capital, Alameda, Bloomberg, Getty, Attorney, MIT, U.S Locations: Manhattan, Alameda, San Francisco Bay, New York, FTX
1 place where new college grads are applying for jobs, according to new data from Handshake, the college and recent grad career site. It's a continued pattern from pre-Covid days, but to an even greater extreme: New York City received the most applications from recent grads prior to the pandemic, and it's only gotten more competitive. That's nearly double the share of people willing to move for a job pre-pandemic, when 44% applications were submitted out of state. Want to be smarter and more successful with your money, work & life? Check out: The top 3 cities for new grads: ‘I can afford the house I want and the life I want’
Persons: grads, That's Organizations: New York City, New York Chicago Dallas Los Angeles Atlanta Boston San, New York Chicago Dallas Los Angeles Atlanta Boston San Francisco Austin , Texas Washington D.C, Houston Seattle Denver Philadelphia San, Houston Seattle Denver Philadelphia San Diego Miami New, CNBC Locations: New York City . New York, It's, New, Chicago, New York Chicago Dallas Los Angeles Atlanta Boston San Francisco Austin , Texas Washington, Houston Seattle Denver Philadelphia San Diego, Houston Seattle Denver Philadelphia San Diego Miami New York, Manhattan, U.S, Miami, Atlanta, Philadelphia, Seattle, San Diego, San Francisco
How the surprise attack on Israel unfolded
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +4 min
Map showing Israel and Gaza. Sources: GlobalSecurity.org; Israel Ministry of Foreign Affairs; Israel Defense Forces; Natural Earth; Reuters reporting. A video distributed by Hamas showed what it said was an attack on the Erez crossing between Israel and the Gaza Strip. 3 Israeli retaliationHundreds of Hamas fighters were killed inside Israel and dozens more captured. Two maps showing Israeli communities near the Gaza Strip border evacuated by defence forces, and Israeli air strikes in and around Gaza.
Persons: Israel, Yoav Gallant, Arafat Barbakh, Jacqueline Clyne Organizations: Hamas, Israel Ministry of Foreign Affairs, Israel Defense Forces, Reuters, Nova, Locations: Palestinian, Gaza, Israel, Tel Aviv, Jerusalem, Grad, Ashkelon, Sderot, Israeli, Zikim, Shejaiya, Ofakim, Palestine, Gaza City
Mapping the conflict in Israel and Gaza
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +4 min
Map showing Israel and Gaza. Maps showing how Hamas entered Israel by sea, by air and through multiple points along the Gaza border. A video distributed by Hamas showed what it said was an attack on the Erez crossing between Israel and the Gaza Strip. Israeli air strikes also hit housing blocks, tunnels and homes of Hamas officials in Gaza, killing more than 400 people, including 20 children. Two maps showing Israeli communities near the Gaza Strip border evacuated by defence forces, and Israeli air strikes in and around Gaza.
Persons: Israel, Yoav Gallant, Arafat Barbakh, Jacqueline Clyne Organizations: Hamas, Israel Ministry of Foreign Affairs, Israel Defense Forces, Reuters, Nova, Locations: Palestinian, Gaza, Israel, Tel Aviv, Jerusalem, Grad, Ashkelon, Sderot, Israeli, Zikim, Shejaiya, Ofakim, Palestine, Gaza City
Eric Yu is a former software engineer at Meta who experienced panic attacks due to work pressure. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Eric Yu, a 28-year-old former software engineer at Meta. We decided we needed exit plans, because neither of us wanted to work in tech for that much longer. I even set a personal goal to quit Meta once I was making $10,000 a month from real estate. If you left your big tech job and would like to share your story, email Aria Yang at ayang@insider.com.
Persons: Eric Yu, , Wanda, Eric Yu I, pinky, Meta, I've, there's, learnings, Eric, Wanda brainstormed, Aria Yang Organizations: Meta, Service, Google, Facebook Locations: San Francisco, Redding , California, ayang@insider.com
Secret spots on Croatia’s famous Dalmatian coast
  + stars: | 2023-10-03 | by ( Mary Novakovich | ) edition.cnn.com   time to read: +11 min
CNN —To many, the southern Dalmatian coast is Croatia. The Adriatic coast is undeniably beautiful, with the forbidding Dinaric Alps as a dramatic backdrop to the heavily indented coastline and dozens of islands scattered about. Until 2022, reaching it from the north meant crossing into Bosnia, whose 12.4 miles of coastline sits below the Neretva delta, before giving way once more to Croatia’s southern Dalmatian coast. Elaphiti islandsWander along Dubrovnik’s old port and in seconds you’ll be offered a day trip to the Elaphiti islands, north of the city. Cavtat, about 15 miles south of Dubrovnik, has been steadily growing in popularity as an alternative to the city.
Persons: you’ve, Ivan Meštrović, Poelzer Wolfgang, Alamy, it’s, Pušćica, Klesarska, Goran Bogicevic, It’s, Mamma Mia, , laze, Baška Voda, Croatia’s, Korčula, Mali Ston Organizations: CNN, UNESCO, Stari Grad, Hvar Town, Zipline Locations: Croatia, Split, Dubrovnik, Hvar, Poelzer, Split’s, Brač, Senjska, Maslinica, Bol, Dalmatia, Washington ,, Stari Grad, Vrboska, Zaklopatica, Vis, Komiža, Tučepi, Biokovo, Hardy, Sveti Jure, Zipline Croatia, Bosnia, Rogotin, Croatian, mali, Dalmatian, Orebić, Mljet, Prapratno, Mali, Ston, Cavtat, robertharding, Slano
mRNA vaccine: 5 things to know
  + stars: | 2023-10-02 | by ( Katie Hunt | ) edition.cnn.com   time to read: +5 min
Here are five things to know about Karikó and Weissman’s game-changing research and mRNA vaccines. What mRNA doesMessenger RNA, or mRNA, is a form of nucleic acid that tells cells what to do based on the information contained in DNA. Messenger RNA-based vaccine technology doesn’t rely on a modified version of a virus to produce an immune response. Potential beyond fighting Covid-19The advent of mRNA vaccine technology has led to safe and strong protection against Covid-19. And mRNA technology is also being checked out as a possible alternative to gene therapy for intractable conditions such as sickle cell disease.
Persons: Katalin Karikó, Drew Weissman, Peggy Peterson, Robin Shattock, ” Shattock, , Karikó, Weissman, , Roberts, Thomas Perlmann, it’s Organizations: CNN, University of Pennsylvania, Penn Medicine, Imperial College London, Covid, Penn’s Perelman, of Medicine, Vaccine, Perelman School of Medicine, Nobel Assembly Locations: Hungary
It feels natural to many parents to worry about their kids. In an increasingly uncertain world, you want to ensure they're on the right path and have the tools they need to succeed. But when your worry grows out of control and veers into anxiety, it can negatively affect mental health — yours and your child's. Various studies have found surging mental health issues for college students across the U.S. over the past decade. One recent Healthy Minds Study of 96,000 U.S. college students found that 37% reported suffering from anxiety disorders and 15% said they'd seriously considered suicide within the past year.
Persons: Jennifer Breheny Wallace, Wallace, they'd, I've Organizations: Harvard Graduate School of Education, Harvard, CNBC Locations: U.S
The Education Department announced it's moving forward with the broad student-debt relief process. AdvertisementAdvertisementPresident Joe Biden's Education Department just took the next step on its second attempt to get broad student-debt relief to millions of borrowers. On Friday, the Education Department released a paper outlining what it is considering as it develops its new plan for broad student-loan forgiveness. AdvertisementAdvertisement"The Biden-Harris Administration has taken unprecedented action to fix the broken student loan system and deliver record amounts of student debt relief," Education Secretary Miguel Cardona said in a statement. "Now, we are diligently moving through the regulatory process to advance debt relief for even more borrowers.
Persons: , Joe Biden's, Harris, Miguel Cardona, I'm Organizations: Education Department, Service, Joe Biden's Education Department, Higher, Biden, Harris Administration, Black Colleges, Universities
Photos show Ukrainian civilians turning damaged and recovered vehicles into mobile rocket launchers. Ukraine has long relied on its scrappiness, from capturing Russian weapons to turning cheap drones into deadly weapons. New photos show volunteer civilians helping to develop multiple launch rocket system (MLRS) from recovered Russian and Ukrainian military hardware previously damaged in battle. Two civilian volunteers work on the MLRS system with the guidance of a 31-year-old Ukrainian soldier. The US also agreed to send High Mobility Artillery Rocket Systems (HIMARS).
Persons: , Chris McGrath, Biden, doesn't Organizations: Service, Getty, Ukraine, MLRS, US, High, Artillery Rocket Systems, Systems, Navy, Fleet, Kyiv, Neptune Locations: Ukraine, Ukrainian, Moscow, Germany, Russian
The night-time assault is part of a coordinated Ukrainian offensive push near the beleaguered eastern Ukrainian city of Bakhmut, to which CNN obtained exclusive access. “Sometimes there are a lot of them,” Groove says, searching the area with his drone, trying to scope out Russian forces. They chase a few Russian vehicles, dropping bombs on them as they go. Ukrainian drone pilots are able to see their targets through their controllers, even at night, with the help of night vision. German-made Leopard 2 tanks, American Bradley infantry fighting vehicles among others were sent to the area to support Ukrainian forces as they stormed Russian positions.
Persons: They’ve, , , ” Ukraine’s, Mykhailo Fedorov, ‘ Flint ’, Wagner Organizations: Eastern, Eastern Ukraine CNN —, CNN, Ministry for Digital Transformation, Digital Transformation, Russia, , US, American Bradley, Southern Locations: Eastern Ukraine, Ukrainian, Bakhmut, Kyiv, Russian, Ukraine, zeroing, East Kyiv, Melitopol, Berdiansk, American, Crimea, South, , Russia
Insider Today: The hottest job markets
  + stars: | 2023-09-23 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +7 min
Speaking of change and mobility, if you're looking for a new job, we have an inside look at how competitive job hunting currently is. Justin Sullivan/Getty ImagesBad news for job hunters: You're competing with more people for a job now, compared with the same time period one or two years ago. AdvertisementAdvertisementHowever, data from LinkedIn shared with Insider comparing job vacancies with active applicants paints a more complex image. Rankings were based on job market and work conditions, affordability, crime and safety, workplace diversity, and health and leisure. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: Justin Sullivan, there's, Rand, Mike Steinitz, Robert Half, Steinitz, you've, Hoshino, Craig F, Walker, Pano Christou, Arantza Pena Popo, Gen Alpha, Brittany Chang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Companies, LinkedIn, Ministry of Justice, Hoshino Resorts, Brussels Airlines, Cambridge, Harvard University, Boston Globe, Getty Images, Getty Locations: Wall, Silicon, New York City, San Diego, United States, Japan, Pomfret , Vermont, Brussels, England, Massachusetts, Rhode Island, New Hampshire, situationships, Salem, Kansas, London, New York
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