A recently filed lawsuit against Facebook reveals new details about the Cambridge Analytica scandal, claiming among other allegations that company executives massively overpaid the Federal Trade Commission to shield CEO Mark Zuckerberg from personal liability. The lawsuit was filed in a Delaware state court by the Employees’ Retirement System of Rhode Island (ERSRI), following a…
Facebook Investor: Company Paid $5 Billion to FTC as ‘Quid Pro Quo’ to Shield Zuckerberg
EU Plans One Mobile Charging Port for All, in Setback for Apple
BRUSSELS—The EU aims to have a common charging port for mobile phones, tablets, and headphones under a European Commission proposal presented on Thursday in a world first, with the move impacting iPhone maker Apple more than its rivals. The move has been more than 10 years in the making, with the European Union executive touting…
Giant Increase in CA Homeowners Fearing Foreclosure, New US Census Data Show
Commentary The number of California households estimated by the US Census Bureau who believe they are “very likely” to lose their homes due to foreclosure in the next two months is more than 30 times what it was six weeks ago. Data reported on June 30 and Aug. 11 showed that fewer than 4,000 mortgage…
Giant Increase in CA Homeowners Fearing Foreclosure, New US Census Data Shows
Commentary The number of California households estimated by the US Census Bureau who believe they are “very likely” to lose their homes due to foreclosure in the next two months has jumped 34 times in just the last six weeks. Data reported on June 30 and Aug. 11 earlier this year showed that less than…
Combined Fortune of World’s Wealthiest Families Increased 22 Percent in the Last Year
By Entrepreneur Staff Right now, Jeff Bezos, Elon Musk, and Bernard Arnault dominate the ranking of the world’s great billionaires. However, if we talk about entire families, the list changes completely. As reported by Bloomberg, the combined fortune of the 25 richest families of the world increased 22 percent last year and the new list is…
China Evergrande Chairman Says to Ensure Home Deliveries and Wealth Product Redemptions
HONG KONG—Cash-strapped developer China Evergrande Group said it held an internal meeting late on Wednesday night, in which its chairman urged company executives to ensure the quality delivery of properties and redemption of wealth management products. There is mounting political pressure on the company to act as homebuyers and retail investors grow increasingly angry about…
Tropical Storm Sam Expected to Reach Major Hurricane Strength Over the Weekend: NHC
Tropical Storm Sam has formed in the eastern Atlantic Ocean and is anticipated to strengthen into Hurricane Sam by Friday, the U.S. National Hurricane Center (NHC) announced on Thursday. Sam, the 18th named storm of the 2021 season, was upgraded to a tropical storm by the NHC early on Thursday. The weather agency said the system…
Federal Judge Strikes Down Portions of Florida Law Banning ‘Sanctuary Cities’
A Florida law prohibiting the establishment of so-called sanctuary cities, or municipalities trying to shield illegal immigrants from arrest, violates federal law, a judge ruled this week. Florida Senate Bill 168 bars sanctuary policies, or policies that prohibit or impede law enforcement from complying with federal immigration law or that block law enforcement agencies from…
‘Distraction Burglaries’ Hit Elderly Anaheim Residents
The Anaheim Police Department is on the lookout for suspects after a series of “distraction burglaries” have been impacting elderly Anaheim residents. In a similar scheme reproduced a number of times, a suspect will make contact with an elderly resident by posing as either a new neighbor or a utility worker and will convince the…
Psaki: Horse Patrols Temporarily Suspended at Haitian Camp in Del Rio
White House press secretary Jen Psaki said that there will be no more Border Patrol horse operations in Del Rio, Texas, following images of agents on horseback apprehending illegal immigrants near a river crossing area. Psaki on Thursday again claimed that the images show “horrible and horrific” treatment of mostly Haitian illegal immigrants in the…
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