Yahoo Finance's Tom Belger has the latest from London.
Yahoo Finance's Tom Belger has the latest from London.
These might be Amazon's best universal reusable silicone stretch lids. Here's what we thought when we tried them out ourselves.
Stocks traded higher Thursday, recovering some declines from a day earlier, as traders continued to fixate on dimming prospects of more stimulus before the election. Third-quarter corporate earnings results rolled in mixed, and a new report weekly jobless claims came in better-than-feared.
The Geneva Consensus Declaration breaks from UN consensus by seeking to restrict abortion access and undermine same-sex marriage.
The two most powerful drug cartels in the hemisphere are battling over the industrial and farming hub of central Mexico — a state that has attracted gangs for the same reason it has lured auto manufacturers: road and rail networks that lead straight to the U.S. border. Guanajuato was long a relatively tranquil and well-heeled part of Mexico, a state famed for colonial tourist towns such as San Miguel de Allende, the annual Cervantes culture festival and sprawling factories building cars for the U.S. market. Mexico's sixth most populous state saw over 3,400 homicides in the first nine months of this year, more than any other state in the country.
Notice is hereby given that a special meeting of the Board of Directors of Louisiana Achievement Charter Academies at 11 a.m. on Tuesday, October 27, 2020 by video/teleconference.
Many IT audit and assurance professionals have long relied on a single source of guidance to perform effective audit reports—the Information Technology Audit Framework (ITAF) from global non-profit tech association ISACA. ISACA has now released the fourth edition of ITAF with updated guidance and professional standards, as well as a companion white paper titled An ITAF Approach to IT Audit Advisory Services and a sampling guide titled ITAF Companion Performance Guidelines 2208: Information Technology Audit Sampling.
Local leaders accused the Government of bending the rules to suit the South with the latest funding package.
American and British officials discussed areas where they could achieve deeper financial regulatory cooperation to promote activity between the two markets as part of a UK-U.S. working group that met this week, a statement said on Thursday. Officials and senior staff from the two Treasury departments, the Bank of England, the Board of Governors of the Federal Reserve System and others were part of the process.
You can add rogue landlords to the list of potentially sinister characters, along with far-right Proud Boys, Boogaloos, and militia members, looming over one of the most fraught elections in American history.Two weeks before Election Day, voters in New York and Colorado received letters from their landlords. Democratic candidates were sure to raise taxes, the landlords warned in the letters, and it would be a shame if those candidates won and the landlords had to, say, jack up rent.While election security experts sound alarms about partisan “poll watchers” potentially intimidating voters, letters from landlords represent a grayer area of voter-influence. The letters received by renters this week never explicitly threaten to raise rents if they vote Democratic: they just heavily imply it could happen. It’s a probably-legal tactic adding more pressure to a tinderbox of an election cycle.“I would equate receiving this letter from my landlord to my boss sending me a letter telling me who to vote for,” John Gordon, a renter in Plattsburgh, New York, who received a letter pushing a vote for an ex-cop Republican candidate for mayor, told The Daily Beast.FBI Says Iran Behind Voter-Intimidation Operation Spoofing Proud Boys Meanwhile, residents of a Fort Morgan, Colorado, trailer park received a letter on Monday warning of a possible rent hike if Democrats won the presidency.“TO ALL TENANTS,” read the letter, first reported by local NBC affiliate 9News. “Please understand IF Joe Biden is elected as our next President, everything you do and have to pay for will change completely.“Everything will be increased. Like paying ALOT (sic) more in taxes, utilities, gasoline, groceries, new permits, fees and regulations…everything! This also means YOUR RENT will be increased to cover these expenses. Most likely, rent would DOUBLE in price! IF the current President is re-elected, WE WILL NOT RAISE THE RENT FOR AT LEAST 2 YEARS!“Voting is your choice and we are not telling you how to vote. We are just informing our tenants what WE will do according to the election results. If Trump wins, we all win. If Biden wins, we all lose. VOTE on November 3, 2020.”The letter was signed by the owner of the trailer park, Bernie Pagel, who did not return a request for comment. A Twitter account under Pagel’s name tweeted a similar message last month. The account has been a prolific Trump supporter since at least 2016, when it posted pictures of large Trump signs in a trailer park. On Facebook, Pagel posted pictures of the same signs.Tenants who received the letter told 9News that they were alarmed by what they interpreted as voter intimidation.““I mean everybody was pretty shocked, honestly,” resident Cindy Marquez told the outlet. “It was mainly hurtful, you know? How could someone say something like that or basically threaten us according to something that we can’t control?”She added that her family lives paycheck to paycheck, and barely makes ends meet. A massive rent increase could displace the family, she said.The same day the Marquez family received their letter, Gordon and his fellow renters in Plattsburgh received a similar letter from their landlord, WCAX first reported.The letter did not concern the presidential election, but the city’s mayoral contest, also on Nov. 3. Landlords warned that, should the Democratic mayoral candidate win, “eventually they will have to raise taxes to recoup losses where most business people will have to choose to absorb the increase or in our case, raise rents. WE don’t want that to happen!”The Coronavirus Exposes Hollywood’s Celebrity LandlordsThe letter added that “we strongly encourage you to consider voting” for the Republican candidate, a retired Plattsburgh Police lieutenant. Neither of the two landlords who listed their email addresses on the letter returned requests for comment.Gordon said the letter read like an attempt to pressure him into a Republican vote.“I cannot say whether the intent was to intimidate or not,” he told The Daily Beast. “However, it is my opinion that the intention is irrelevant. The letter makes a clear association between voting for a preferred candidate and the issue of whether or not rents are raised. Rent increases are entirely a business decision on the part of the landlord; they would not be forced to take any action based on the election outcomes. It would be a choice made by the landlord.”The Colorado and New York letters are not the first time landlords have been accused of putting their thumbs on the scale for their preferred candidates in recent years. Last year, a reporter at an Idaho newspaper received one such letter from his landlord, implying that rents could go up according to the results of a local election. The landlord then told renters his preferred votes on two upcoming ballot measures, a move one legal scholar called a possible “veiled threat.”That said, election law experts in Idaho said the letter was probably legal. And a New York legal expert told WCAX that the letter Gordon received probably did not count as voter intimidation, and could more accurately be classed as “electioneering or persuasive speech.”Richard Hasen, a law professor at the University of California, Irvine, came to a similar conclusion when asked whether the letters in both Colorado and New York violated laws against voter intimidation.“I do not believe that such laws would apply unless there was a threat as in: if you don’t vote for X, your rent will go up,” Hasen told The Daily Beast.Gordon, who is currently running as an independent for a city council seat, is also the chair of the Plattsburgh Tenants’ Advocacy Association. He said the letter points to larger problems in the city—where most residents are renters—and in the American housing system writ large.“This letter is yet another expression of that disproportionate power that landlords enjoy in local politics,” he said.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
(Bloomberg) -- Goldman Sachs Group Inc. admitted its role in the biggest foreign bribery case in U.S. enforcement history, conceding that its officers helped spread $1.6 billion in illicit payments across Malaysia and the Middle East in a scheme that diverted money from a development fund into an international spending spree on mansions and lavish parties.A small Malaysian unit of the U.S. bank pleaded guilty to a single conspiracy charge on Thursday. Goldman agreed to billions of dollars in new payments to authorities in the U.S., U.K., Hong Kong and Singapore, bringing its overall tab to more than $5 billion to resolve probes into its fundraising for the Malaysian vehicle known as 1MDB.Goldman’s parent company avoided a criminal conviction to resolve the investigations, as part a deal that allows the bank to put off any prosecution as long as it cooperates with ongoing U.S. investigations and submits compliance reports. The deferred-prosecution agreement is a win for Goldman Sachs, because a conviction might have risked losing some institutional clients that are restricted from working with financial firms with criminal records. The bank’s shares were up 1.3% for the day at 2:27 p.m.The Wall Street giant will cut the pay of Chief Executive Officer David Solomon and other current leaders and claw back compensation from his predecessor Lloyd Blankfein and several other former executives, the bank said Thursday.The global resolutions announced Thursday conclude more than a half decade of investigations into Goldman’s role in raising $6.5 billion for 1MDB in three bond offerings. To smooth the way for those bond deals, Goldman officials conspired with a 1MDB official to bribe Malaysian officials and officials of a sovereign wealth vehicle in Abu Dhabi, the U.S. Justice Department said.U.S. authorities said that Goldman’s scheme rose to the bank’s highest ranks, despite its insistence for years that rogue employees were responsible. “The scheme was principally carried out by senior officials in Goldman,” Acting U.S. Attorney Seth DuCharme said.In all, some $2.7 billion of the money raised for 1MDB was stolen by people connected to the country’s former prime minister and diverted for bribes, a luxury yacht, fine art and even funding for the Hollywood movie “The Wolf of Wall Street.”The Justice Department settlement concludes one of the biggest bank probes inherited by the Trump administration. The bank will pay more than $2.3 billion in the plea deal, U.S. prosecutor Alixandra Smith said, the largest penalty in U.S. history for a violation of the Foreign Corrupt Practices Act. Airbus SE paid $2.09 billion earlier this year to settle global bribery probes.The U.S. penalty credits more than $1 billion in fines paid to other U.S. agencies and foreign authorities. That includes $400 million to the Securities and Exchange Commission, $150 million to New York’s Department of Financial Services and $154 million to the Federal Reserve. After disgorgements of Malaysia profits, the Justice Department places the total U.S. penalty at roughly $2.9 billion.Goldman Sachs units will also pay $350 million to Hong Kong’s financial regulator, $122 million to Singapore’s government and 96.6 million pounds ($126 million) to the U.K.’s Financial Conduct Authority, those bodies announced Thursday.Goldman reached a settlement in July with Malaysia, which included a payment of $2.5 billion and an unusual provision that the bank would guarantee that the Asian nation would recoup an additional $1.4 billion from 1MDB assets seized around the world. Malaysia dropped criminal charges against the bank as part of that deal.The case against the Wall Street firm focused on its fundraising work in 2012 and 2013 for the state-owned 1MDB, formally known as 1Malaysia Development Bhd. From about 2009 to 2014, the bank’s Malaysia unit “knowingly and willfully agreed to violate the Foreign Corrupt Practices Act by corruptly promising, and paying bribes to foreign officials in order to obtain and retain business for Goldman Sachs,” the bank’s general counsel, Karen Seymour, told U.S. District Judge Margo Brodie in Brooklyn in a video hearing on Thursday.Goldman’s investment-banking group, led at the time by Solomon, collected $600 million from the bond sales.Much of the case centered on Jho Low, a Malaysian financier whom prosecutors accused of orchestrating the theft. Low, who has professed his innocence, remains at large.But the probes drew in several Goldman Sachs employees. The bank’s former Southeast Asia Chairman Tim Leissner pleaded guilty in the U.S. to conspiring to launder money. He told a judge he bribed foreign officials to get bond deals and conspired with “several other employees of Goldman Sachs” to hide the theft, bribe payments and money-laundering from others at the bank. He’ll be sentenced in January.A Leissner subordinate, Roger Ng, was charged with conspiring with Low to launder money. He has denied wrongdoing.U.S. documents referred to other top Goldman officials, though not by name. At least one top Goldman executive met with Low after the bank’s compliance department had raised flags about him, according to the U.S. government.Another executive, Leissner’s boss in Asia at the time, was briefed on a plan to pay bribes and kickbacks to ensure 1MDB’s fundraising proceeded, according to previous government filings. That executive matches the description of Andrea Vella, who has since left the bank. Vella agreed to a lifetime ban from banking by the Federal Reserve without admitting or denying wrongdoing.Goldman Sachs will seek U.S. Labor Department permission before the Malaysia unit’s December sentencing to continue handling retirement funds for Americans, its lawyers said. Banks must secure a waiver from the department to continue handling such funds after an admission of criminal conduct.The 1MDB saga devolved into a plot to pressure the U.S. to go easy on some of the alleged looters, casting a wider web that has embroiled a prominent Republican fundraiser, an official in the Justice Department and even a former Fugees rap star.MORE:Inside Goldman’s Five-Day Race to Seal a 1MDB Deal With MalaysiaGoldman’s 1MDB Charges Dropped by Malaysia After SettlementHow Malaysia’s 1MDB Scandal Shook the Financial World: QuickTakeEx-Trump Fundraiser Broidy Pleads Guilty to Illegal LobbyingNajib Sentenced to 12 Years in Jail in Former 1MDB Unit Case(Updates with U.S. penalties totaling $2.9 billion)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
EXCLUSIVE: Lena Headey and Luke Wilson have joined the voice cast of the sci-fi animation series New-Gen, based on the Marvel comic book series by J.D. Matonti, Chris Matonti and Julia Coppola of A.P.N.G. Enterprises. The series, co-created by J.D. Matonti and showrunner Brent Friedman, is now underway on production. New-Gen follows twin brothers and […]
Tony and Emmy award-winning actor Billy Crystal will receive the Lifetime Achievement Award at the 23rd annual SCAD Savannah Film Festival, taking place as a virtual event Oct. 24-31, the Savannah College of Art and Design announced. Crystal will receive his award on Oct. 26 following the screening of his latest film “Standing Up, Falling […]
Tesla’s latest quarterly results which include a fifth straight quarter of GAAP profitability has prompted Street price target increases, and renewed speculation over an eventual inclusion in the S&P 500 (^GSPC).
(Bloomberg) -- Howard Hughes Corp. is proposing a $1.4 billion development in Manhattan’s South Street Seaport District, the latest attempt to transform a lot that has been mired in controversy for decades.The Texas-based real estate developer, whose chairman is hedge fund manager Bill Ackman, wants to turn a parking lot at 250 Water Street into two 470-foot towers with a mix of affordable rentals, offices and condo units, according to a statement Thursday.The real estate firm bought the lot in 2018 for $180 million and is now trying get city approval for the project. The project has gotten a height cut since the initial plans for the site faced community opposition, including concerns over environmental contamination on the lot.The company, which has invested more than $900 million to redevelop the Seaport area, argues its proposal will add affordable housing and jobs at a time when the pandemic has battered the city.“This is a project that could really lead lower Manhattan to coming back with jobs and potential real opportunity for growth,” said Saul Scherl, president of the New York tri-state region at Howard Hughes.Read more: Howard Hughes Heads for Biggest Drop Ever After It Forgoes SaleAckman’s Pershing Square Capital Management is one of the largest holders in Howard Hughes, which was spun out of mall owner General Growth Properties in 2010.The company, mostly known for master-planned communities, has seen its shares drop roughly 50% in 2020. It explored a sale last year but decided instead to make management changes, cut costs and sell about $2 billion worth of assets.Seaport PlansHoward Hughes signed a long-term ground lease with the city for a significant portion of South Street Seaport in 2010. So far, it has redeveloped Pier 17 and is working on the Tin Building, the former home of the Fulton Fish Market.The company recently paid down $250 million in debt tied to the Seaport development and is in a good position to build the new towers, according to Scherl.Numerous plans for the Water Street lot have failed over the years, long before it was purchased by Howard Hughes. The current zoning allows for a roughly 12-story tower. The larger proposed buildings, at about 38 stories, require city approval.To sweeten the deal, the company will enhance public spaces in the area and is offering to invest $50 million into the South Street Seaport Museum, which has taken a hit during the pandemic.The project includes more than 100 affordable rentals, part of a city requirement to get approval for the proposed zoning change.Households earning 40% of the median income in the area -- more than $150,000 -- can qualify for the apartments. The rest of the building will be condos, with about 260 units. A mix of offices and retail space will make up the lower levels.(Updates with line on debt repayment in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Duke of York withdrew from official public duties after a disastrous Newsnight interview about his relationship with Jeffrey Epstein.
With pandemic precautions creating distance between the observers and the players — and the games — the magic of October baseball has never been so apparent.
The future of transportation arrived in northern Virginia, looking like a big blue toaster on wheels that seats six and drives itself through the region’s notorious traffic. State and local officials debuted the Relay system Thursday, an all-electric, autonomous vehicle that will provide free shuttle rides back and forth from the Dunn Loring Metrorail stop to the bustling Mosaic District in Fairfax County. While some projects are limited to college campuses or operate in dedicated lanes, this shuttle will mix with real traffic in a particularly busy section of Fairfax County.
Michael Chandler could be the focus of attention on Saturday. Or, more likely, he’ll be just a footnote to history.
Evangelical preacher Franklin Graham has lashed out at Pope Francis for “trivialising Christ’s sacrifice” by “normalising homosexuality”.
REVEN PHARMACEUTICALS REPORTS ON THE IMPORTANCE OF MICRONUTRIENTS AND VITAMINS FOR COVID-19