Attorneys representing the victims of convicted sex offender Jeffrey Epstein have filed a notice in a Manhattan court, providing new details in what is a $290 million settlement with JPMorgan Chase to resolve a lawsuit. The notice of settlement (pdf) was filed late Thursday in Manhattan federal court and covers women who were sexually abused…
New Details Emerge of JPMorgan’s $290 Million Settlement With Epstein Victims
Banks Agree to Offer More Help to Struggling Mortgage Holders
Banks and building societies will offer more flexibility to mortgage holders struggling with high interest rates, Chancellor Jeremy Hunt has said after a meeting with major lenders in Downing Street. Top executives of banks and building societies were summoned to Downing Street on Friday to discuss ways to help mortgage holders following 13 consecutive interest…
Is the US in a Recession? Preferred White House Data May Answer Question
When the U.S. economy recorded back-to-back quarters of negative economic growth—the definition of a technical recession—in the first half of 2022, the White House dismissed the data. Administration officials and a chorus of economists argued that the labor market was tight, retail sales were up, and household finances were in good shape. As a result,…
SCOTUS Decision On Affirmative Action Will Impact ‘Diversity’ Policy-Making in Companies
June 23, 2023
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By the end of this month, the U.S. Supreme Court will make a decision regarding the racially biased affirmative action admission policy being followed by certain educational institutions—with the ruling potentially affecting diversity initiatives in corporate America as well. The affirmative action decision is related to two cases filed by the Students for Fair Admissions…
Meta to Face Legal Action From Malaysia Over ‘Undesirable’ Content
Malaysia’s government said Friday that it would pursue legal action against Meta Platforms for failing to comply with its repeated request to remove “undesirable” content from Facebook. The Malaysian Communication and Multimedia Commission (MCMC) said it had made attempts to contact Meta about harmful content posted on its social media site Facebook, but they were…
Musk, Zuckerberg ‘Dead Serious’ About Cage Fight in UFC Octagon: Dana White
Meta owner Mark Zuckerberg and billionaire businessman Elon Musk are “absolutely dead serious” about a cage match in a UFC Octagon, according to UFC President Dana White. White told TMZ Sports in a June 22 interview that he has been communicating with the two social media execs in recent days and both have indicated that they plan to fight…
Similarity Is ‘Surreal’: James Cameron Breaks Silence on Titan Submarine Tragedy
James Cameron, the director of the 1997 blockbuster movie “Titanic,” has drawn parallels between the Titan submarine disaster and the sunken Titanic, calling it “surreal,” and pointing to safety concerns regarding the recent incident. “I’m struck by the similarity of the Titanic disaster itself, where the captain was repeatedly warned about ice ahead of his…
Real Estate Crosscurrents
Commentary After months of decline, May’s report on homebuilding showed a surge in activity. This news gives evidence of the emergence of the crosscurrents that inflation often brings to the residential real estate market. On one side is the depressing effect of rising mortgage rates. Running counter is the attraction of real estate as an…
Wall Street Opens Lower as Hawkish Fed Saps Market Mood
Wall Street’s main indexes opened lower on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook by Federal Reserve Chair Jerome Powell in his two-day congressional testimony. The Dow Jones Industrial Average fell 111.05 points, or 0.33 percent, at the open to 33,835.66. The S&P 500 opened lower by 27.72 points, or…
Moderna Seeks FDA Authorization of Updated Covid Vaccine Ahead of Fall
Pharmaceutical and biotechnology company Moderna has submitted an application to the U.S. Food and Drug Administration (FDA) for approval of its updated COVID vaccine ahead of the fall, the company announced on June 22. The company’s latest vaccine—the second update to its original shot—targets the XBB.1.5 subvariant of the virus in line with FDA guidance…
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