ReportWire

Tag: iab-business

  • David Beckham Fast Facts | CNN

    David Beckham Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at the life of retired professional soccer player David Beckham.

    Birth date: May 2, 1975

    Birth place: London, England

    Birth name: David Robert Joseph Beckham

    Father: David Edward “Ted” Beckham, an appliance repairman

    Mother: Sandra (West) Beckham, a hairdresser

    Marriage: Victoria (Adams) Beckham (July 4, 1999-present)

    Children: Harper, Cruz, Romeo and Brooklyn

    Retired professional soccer (European football) player.

    Married to Spice Girl Victoria (Adams) Beckham, nicknamed “Posh Spice.”

    Midfielder known for his ability to “bend” his free kicks, curving the ball around or over defenders to score. The movie title “Bend it like Beckham” is a tribute to his kicking style.

    Won league titles in four different countries while playing for Manchester United, Real Madrid, Los Angeles Galaxy and Paris Saint-Germain.

    Played 115 times for England between 1996 and 2009.

    Leadership Council Member of Malaria No More UK.

    1991 – At age 16, leaves home to play in Manchester United’s training league.

    April 2, 1995 Premier League debut with Manchester United.

    1996 – Gains recognition when he scores a goal from the halfway line, a kick of almost 60 yards.

    September 1996 – Makes his international debut in the World Cup qualifier against Moldova. England wins 3-0.

    1998 Is named to the English national team for 1998 World Cup.

    1998 Beckham is given a red card and ejected from a second round World Cup match for kicking out at Argentina’s Diego Simeone, which contributed to England’s elimination.

    1999Leads Manchester United to a treble, winning the English Premier League, FA Cup and European Champions League trophies.

    November 15, 2000Is named captain of England’s national team.

    April 2002 – Breaks a bone in his foot but later competes in the World Cup finals in June. England ultimately loses to Brazil in the quarterfinals.

    May 2003 Breaks his hand during a 2-1 win over South Africa in Durban.

    June-July 2003 – Traded by Manchester United to Real Madrid. He signs a four-year contract with Real Madrid for $40 million.

    November 27, 2003 – Receives an Officer of the Order of the British Empire (OBE) from Queen Elizabeth II.

    January 10, 2005 Appointed UNICEF Goodwill Ambassador, with a focus on the program Sport for Development.

    August 3, 2005 – Is awarded libel damages from the tabloid, the People, that accused him of making hate calls to a former nanny.

    March 9, 2006 Settles a libel case against the British tabloid, News of the World, over a 2004 headline that read, “Posh and Becks on the Rocks.”

    January 2007 – Signs on with the Los Angeles Galaxy, an American Major League Soccer team.

    July 21, 2007 – Plays his first game with the LA Galaxy. It is initially reported he will receive an estimated $250 million over the life of his five-year contract, but later revealed that the Galaxy will pay him $32.5 million over five years.

    March 26, 2008 Appears for the 100th time in an England uniform. During the England/France game Beckham receives a standing ovation from both sides as he leaves the field during a substitution.

    January 2009 – Loaned by the LA Galaxy team to the AC Milan club. He initially agrees to a three-month stint with the Milan team but the loan is extended to six months.

    December 2009 – Is loaned to AC Milan a second time until the end of the Italian season in May.

    March 14, 2010 – Tears an Achilles tendon during an AC Milan match and is unable to play in the World Cup.

    December 1, 2012 – Plays his final game with the LA Galaxy.

    January 31, 2013 – Announces that he has signed with Paris Saint-Germain for five months and will donate the pay to a children’s charity in Paris.

    May 16, 2013 – Announces that he will retire from professional soccer at the end of his season.

    February 5, 2014 – Announces he will establish a Major League Soccer franchise in Miami.

    February 9, 2015 – Launches 7: The David Beckham UNICEF Fund, a collaboration with UNICEF to help kids in danger zones around the world.

    January 29, 2018 – MLS announces that Miami has been awarded the league’s 25th franchise, about four years after Beckham first announced his intention to exercise his right to buy an MLS franchise in February 2014. The Beckham franchise will be backed by Cuban-American businessmen Jorge and Jose Mas, CEO of Sprint Corporation Marcelo Claure, entertainment producer Simon Fuller and the founder of Japanese telecommunications firm SoftBank, Masayoshi Son.

    September 5, 2018 – Beckham’s Miami expansion team announces it name, Club Internacional de Futbol Miami, Inter Miami for short.

    March 1, 2020 – Inter Miami plays its debut MLS game.

    October 2, 2020 – A company co-founded by Beckham, Guild Esports, lists on the London Stock Exchange, becoming the first esports franchise to go public on the LSE.

    March 20, 2022 – Beckham hands over control of his Instagram account to a doctor in Ukraine, in a bid to highlight the work of medical professionals caring for patients amid the Russian invasion of the country.

    October 4, 2023 – Netflix’s four-part documentary series titled “Beckham” is released.

    [ad_2]

    Source link

  • Hank Greenberg Fast Facts | CNN

    Hank Greenberg Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here is a look at the life of former AIG Chief Executive Officer Hank Greenberg.

    Birth date: May 4, 1925

    Birth place: New York, New York

    Birth name: Maurice Raymond Greenberg

    Father: Jacob Greenberg

    Mother: Ada (Rheingold) Greenberg

    Marriage: Corinne (Zuckerman) Greenberg (1950-March 17, 2024, her death)

    Children: Jeffrey, Evan, Scott and Cathleen

    Education: University of Miami, B.A., 1948; New York Law School, LL.B., 1950

    Military: US Army, Captain

    Recipient of the Bronze Star for his service during the Korean War.

    Awarded the Legion of Honor from France.

    Chairman of the Board of The Starr Foundation.

    Vice chairman of the National Committee on United States-China Relations.

    Member of the board of the Council on Foreign Relations.

    1952-1960 – Works for Continental Casualty Company.

    1960 – Is hired as a vice president for the insurance-holding company C.V. Starr & Co., Inc.

    1968 – C.V. Starr & Co., Inc. begins distributing some the firm’s subsidiaries in order to raise capital to establish American International Group, Inc. (AIG). Greenberg becomes the Chairman and CEO of AIG.

    1988-1995 – Director of the Federal Reserve Bank of New York.

    1994-1995 – Chairman of the Federal Reserve Bank of New York.

    March 2005 – Greenberg resigns as CEO and chairman of the board of AIG.

    May 2005 – New York Attorney General Eliot Spitzer files a lawsuit in New York County Supreme Court against Greenberg on behalf of the state, charging him with engaging in fraud to exaggerate AIG’s finances.

    2005-present – Chairman and CEO of C.V. Starr & Co., Inc. and Starr International Company, Inc.

    September 16, 2008 – The Federal Reserve Bank of New York announces an emergency $85 billion loan to AIG to rescue the company, on the condition that the federal government own 79.9% stake in the company. Greenberg is AIG’s largest individual shareholder before the bailout, with 11% ownership in the company.

    April 2009 – The loan expands to $184.6 billion. The government eventually owns a 92% stake in the company.

    August 2009 – The Securities and Exchange Commission charges Greenberg for his involvement in the fraudulent accounting transactions that inflated AIG’s finances. Without conceding or denying the SEC charges, Greenberg agrees to pay $15 million in penalties, and AIG settles the charges by repaying $700 million plus a fine of $100 million.

    November 21, 2011 – Greenberg and his Starr International Company sue the federal government for $25 billion, claiming the 2008 takeover was unconstitutional. Starr International also sues the Federal Reserve Bank of New York in federal district court in Manhattan.

    November 2012 – Greenberg and Starr International’s lawsuit against the Federal Reserve Bank of New York is dismissed. The ruling is upheld in appeals court in January 2014.

    January 2013 – Greenberg’s book, “The AIG Story,” is released.

    May 2013 – Greenberg’s lawsuit against the federal government achieves class action status. Three hundred thousand stockholders, including AIG employees and retirees, would share the reward if they win the lawsuit.

    June 25, 2013 – A New York appeals court rules that the 2005 fraud lawsuit, filed by Spitzer, against Greenberg, will not be dismissed.

    July 2013 – Greenberg files a lawsuit against Spitzer in New York’s Putnam County Supreme Court, alleging defamation related to statements he made between 2004 and 2012.

    June 25, 2014 – After granting a request by Spitzer to dismiss most of his statements, a judge rules that Greenberg’s defamation lawsuit against him will go to trial.

    October 6, 2014 – Greenberg and Starr International’s class action lawsuit against the government officially begins in the Court of Federal Claims in Washington, DC. Closing arguments take place on April 22, 2015.

    June 15, 2015 – Starr International wins its lawsuit against the federal government “due to the Government’s illegal exaction,” but the court awards no monetary damages.

    February 10, 2017 – Greenberg and the New York attorney general’s office reach a settlement in the 2005 civil fraud lawsuit. Greenberg agrees to pay $9 million, and former AIG Chief Financial Officer Howard Smith agrees to pay $900,000.

    September 13, 2017 – The Supreme Court of New York Appellate Division denies summary judgment for several of Greenberg’s defamation charges against Spitzer.

    January 15, 2020 – St. John’s University’s presents Greenberg with a Lifetime Leadership Award at its Annual Insurance Leader of the Year Award Dinner. The school also announces that it has voted to rename its School of Risk Management, Insurance and Actuarial Science in his honor. It is now the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science.

    November 12, 2020 – A judge in New York’s Putnam County Supreme Court rules to dismiss Greenberg’s defamation case against Spitzer.

    January 2023 – The Starr Foundation gifts Georgia State’s J. Mack Robinson College of Business $15 million. Georgia State University announces they will rename its Department of Risk Management & Insurance to the Maurice R. Greenberg School of Risk Science in recognition of the donation.

    [ad_2]

    Source link

  • Enron Fast Facts | CNN

    Enron Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest in American history at the time. Estimated losses totaled $74 billion.

    Enron was ranked as America’s fifth largest company by Fortune magazine in 2002, despite its 2001 bankruptcy filing.

    An independent review published in 2002 detailed how executives pocketed millions of dollars from complex, off-the-books partnerships while reporting inflated profits to shareholders.

    Executives including Kenneth Lay and Jeffrey Skilling were prosecuted for fraud-related crimes.

    Key figures sold their stock shortly before the company announced a sharp downturn in earnings.

    Lower-level employees were encouraged to invest in company stock for their retirement savings just before the company collapsed. The workers later filed a class action lawsuit and won an $85 million settlement.

    1985 – Houston Natural Gas merges with Omaha-based InterNorth to form Enron.

    1986 – Lay is appointed chairman and CEO of Enron.

    1989 – Enron enters the natural gas commodities trading market.

    1990 – Skilling, an energy consultant, is hired to run a new subsidiary called Enron Finance Corp.

    February 12, 2001 – Skilling becomes CEO while Lay stays on as chairman.

    August 14, 2001 – Skilling resigns and Lay becomes CEO again.

    August 2001 – Sherron Watkins, a vice president, warns Lay that the company could “implode in a wave of accounting scandals.”

    October 16, 2001 – Enron announces a third-quarter loss of $618 million. The company later reveals that it overstated earnings dating back to 1997.

    October 31, 2001 – The company discloses that it is under formal investigation by the Securities and Exchange Commission.

    November 9, 2001 – Enron confirms that it has agreed to be purchased by a rival company, Dynegy for $9 billion. On November 28, Dynegy announces it has terminated merger talks with Enron.

    December 2, 2001 – Enron files for Chapter 11 bankruptcy protection.

    January 9, 2002 – The US Department of Justice opens a criminal investigation into Enron’s collapse.

    January 10, 2002 – Arthur Andersen LLP, the accounting firm that handled Enron’s audits, discloses that its employees had destroyed company documents.

    January 15, 2002 – The New York Stock Exchange suspends trading of Enron shares.

    January 17, 2002 – Enron ends its partnership with Arthur Andersen.

    January 23, 2002 – Lay resigns as CEO. He later steps down from the board of directors.

    January 25, 2002 – Former Enron vice chairman J. Clifford Baxter is found dead in an apparent suicide.

    February 12, 2002 – Lay invokes his Fifth Amendment right before the Senate Commerce Committee.

    March 14, 2002 – The DOJ indicts Arthur Andersen for obstruction of justice. A jury later returns a guilty verdict for the accounting firm. The Supreme Court later overturns the conviction.

    February 19, 2004 – Skilling is charged with 35 counts of fraud and insider trading. He pleads not guilty.

    July 7, 2004 – Lay is indicted. He is charged with conspiracy, securities fraud, wire fraud, bank fraud and making false statements. During his arraignment the next day, he pleads not guilty to all 11 charges and is released on $500,000 unsecured bond.

    May 25, 2006 – Skilling and Lay are convicted of conspiracy and fraud. Skilling is also convicted on one count of insider trading and five counts of making false statements. The jury acquits Skilling on nine additional counts of insider trading.

    July 5, 2006 – Lay dies of a heart attack while awaiting sentencing.

    September 8, 2008 – A class action lawsuit filed by shareholders and investors is settled in federal court. The $7.2 billion settlement will be paid out by a group of banks accused of participating in the accounting fraud scheme.

    May 11, 2009 – Skilling files a petition with the Supreme Court to overturn his conviction after appeals with the lower courts fail.

    May 9, 2010 – “Enron,” a musical about the company’s collapse, closes on Broadway 12 days after opening amid slow ticket sales.

    April 16, 2012 – The Supreme Court rejects Skilling’s appeal.

    June 21, 2013 – A federal judge reduces Skilling’s sentence by more than 10 years. In return, Skilling agrees to stop challenging his conviction and forfeit roughly $42 million that will be distributed among the victims of the Enron fraud.

    December 8, 2015 – The SEC announces that it has obtained a summary judgment against Skilling, permanently barring him from serving as an officer or director of a publicly held company. The judgment settles a long-running civil suit by the SEC.

    February 21, 2019 – Skilling is released after serving over 12 years in federal prison.

    [ad_2]

    Source link

  • OPEC Fast Facts | CNN

    OPEC Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria.

    The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.”

    OPEC members collectively supply about 28.89% of the world’s crude oil production.

    Together, OPEC members control about 79.49% of the world’s total proven crude reserves.

    OPEC member countries monitor the market and decide collectively to raise or lower oil production in order to maintain stable prices and supply.

    A unanimous vote is required on raising or lowering oil production.

    Each member country controls the oil production of its country, but OPEC aims to coordinate the production policies of member countries.

    Oil and energy ministers from OPEC member countries usually meet twice a year to determine OPEC’s output level. They also meet in extraordinary sessions whenever required.

    Read More: Oil and Gasoline Fast Facts

    Algeria – 1969-present
    Congo – 2018-present
    Equatorial Guinea – 2017-present
    Gabon – 1975-1995; 2016-present
    Iran – 1960-present
    Iraq – 1960-present
    Kuwait – 1960-present
    Libya – 1962-present
    Nigeria – 1971-present
    Saudi Arabia – 1960-present
    United Arab Emirates – 1967-present
    Venezuela – 1960-present

    Angola – 2007-2024
    Ecuador – 1973-1992; 2007-2020
    Indonesia – 1962-2009; 2016
    Qatar – 1961-2019

    September 14, 1960 – OPEC is formed in Baghdad, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

    November 6, 1962 – OPEC is registered with the United Nations Secretariat (UN Resolution No. 6363).

    1973-1974 – Due to United States support of Israel in the Arab-Israeli conflict, the members of OPEC decide to raise the cost of oil from $3/barrel to around $12/barrel.

    October 1973 – OPEC issues an embargo against the United States, halting oil exports. Customers in the United States experience long lines at gas stations and shortages.

    March 18, 1974 – At an OPEC meeting, seven members lift the ban on exports to the United States: Algeria, Saudi Arabia, Kuwait, Qatar, Bahrain, Egypt and Abu Dhabi. Libya and Syria refuse to drop the ban, and Iraq boycotts the talks.

    December 31, 1974 – Libya lifts its oil embargo against the United States.

    November 2007 – Ecuador rejoins OPEC after a 15-year absence.

    May 2008 – Indonesia announces that it will leave OPEC in 2009.

    January 1, 2009 – Indonesia suspends its membership in OPEC.

    January 1, 2016-November 30, 2016 – Indonesia rejoins OPEC, but suspends its membership after 11 months.

    July 2016 – Gabon rejoins OPEC.

    May 25, 2017 – Equatorial Guinea joins OPEC.

    June 22, 2018 – OPEC announces that the Republic of the Congo has joined the organization.

    December 3, 2018 – Qatar’s state oil company, Qatar Petroleum, announces that the country will leave OPEC on January 1, 2019. One of OPEC’s oldest members, Qatar says it plans to focus on natural gas production.

    January 1, 2020 – Ecuador leaves OPEC.

    March 2020 – To offset the collapse in demand caused by the coronavirus pandemic, OPEC unveils a plan to reduce output among its members by 1 million barrels per day, and says it will seek an additional 500,000 barrels per day in cuts from longstanding allies, including Russia.

    April 1, 2021 – OPEC and allied producers announce that they have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.

    October 5, 2022 – OPEC and its allies, known as OPEC+, announce they will cut oil production by 2 million barrels per day, the biggest cut since the start of the pandemic.

    January 1, 2024 – Angola leaves OPEC. Oil minister Diamantino Azevedo said earlier that membership was not serving Angola’s interests.

    [ad_2]

    Source link

  • John Delaney Fast Facts | CNN Politics

    John Delaney Fast Facts | CNN Politics

    [ad_1]



    CNN
     — 

    Here is a look at the life of John Delaney, a businessman, former US representative from Maryland and former 2020 Democratic presidential candidate.

    Birth date: April 16, 1963

    Birth place: Wood-Ridge, New Jersey

    Birth name: John Kevin Delaney

    Father: Jack Delaney, electrician

    Mother: Elaine (Rowe) Delaney, homemaker

    Marriage: April McClain-Delaney

    Children: Summer, Lily, Grace and Brooke

    Education: Columbia University, B.S., 1985; Georgetown University Law Center, J.D. 1988

    Religion: Roman Catholic

    Went to Columbia University on scholarships from his father’s trade union, the American Legion, the VFW and the Lions Club.

    Delaney was one of the wealthiest members of the US Congress when he served as a representative from Maryland, according to the 2018 Roll Call Wealth of Congress analysis, which placed him as the sixth-richest, with a calculated net worth of $93 million.

    The youngest CEO of a publicly traded company when his first company was listed on the stock exchange.

    He practiced law briefly at Shaw, Pittman, Potts & Trowbridge in the late 1980s, after completing law school.

    1990-1992 – Co-owns and runs American Home Therapies, a health care firm, with Ethan Leder.

    1993 – Co-founds HealthCare Financial Partners, a lender to health care companies, with Leder and Edward Nordberg Jr.

    1993-1997 – Serves as chairman of the board, CEO and president of HealthCare Financial Partners.

    2000-2009 – Co-founds and acts as CEO/executive manager of CapitalSource, a lender to small- and medium-sized businesses.

    2010 -2012 – Serves as executive chairman of CapitalSource.

    April 6, 2012 – Resigns as executive chairman of CapitalSource after becoming the Democratic candidate in Maryland’s 6th District race.

    January 3, 2013-January 3, 2019 – US representative from Maryland’s 6th District.

    July 28, 2017 – Announces in a Washington Post opinion piece that he is running for president and will not run for reelection to the House of Representatives.

    May 29, 2018 – Delaney’s book, “The Right Answer: How We Can Unify Our Divided Nation,” is published.

    January 31, 2020 – Delaney announces that he is ending his 2020 presidential campaign.

    September 21, 2021 – Delaney founds Forbright Inc. and becomes executive chairman of Forbright Bank, formerly Congressional Bank. Delaney purchased control of Congressional Bank in 2011.

    [ad_2]

    Source link

  • Apple Fast Facts | CNN

    Apple Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at Apple, Inc, creator of the Mac computer and the iPhone.

    The corporate headquarters are in Cupertino, California.

    As of September 2023, the company reported that it employs approximately 161,000 people full-time.

    April 1, 1976 – Apple Computers, Inc. is founded by Steve Jobs and Steve Wozniak. Their first product is the Apple I personal computer.

    June 1977 – The Apple II is released.

    December 1980 – Apple conducts an initial public offering of 4.6 million shares at $22 per share.

    January 1983 – Apple introduces the Lisa, a new brand of personal computer.

    January 22, 1984 – The Macintosh computer is introduced with a futuristic commercial that airs during the Super Bowl.

    1985 – Apple discontinues the Lisa after a disappointing run, and Jobs leaves the company.

    December 1996 – Apple buys Jobs’ company, NeXT Software.

    1997 – In the wake of corporate shakeups and a sales slump, Apple welcomes Jobs back as interim CEO.

    August 15, 1998 – The iMac, a streamlined personal computer, debuts.

    January 2000 – Jobs becomes permanent CEO.

    January 9, 2001 – iTunes is introduced.

    October 23, 2001 – The iPod MP3 player makes its debut.

    January 2003 – Apple releases the Safari web browser.

    April 28, 2003 – Apple introduces the iTunes Music Store.

    January 2006 – Apple rolls out its first Intel-based computers, the iMac and the MacBook Pro.

    January 9, 2007 – The iPhone is unveiled.

    March 2007 – Apple TV hits stores.

    January 27, 2010 – The iPad is announced.

    June 6, 2011 – Apple announces iCloud, an online media storage system.

    August 24, 2011 – Jobs resigns as CEO. Tim Cook takes his place.

    October 5, 2011 – Jobs dies after battling cancer.

    February 6, 2013 – Apple announces that iTunes has reached a milestone of 25 billion songs sold.

    May 28, 2014 – Apple announces deal to buy Beats for $3 billion.

    June 9, 2014 – Apple conducts a stock split, bringing the price down from $647.50 to $92.44.

    September 9, 2014 – Apple unveils the Apple Watch, a wearable device.

    December 16, 2014 – Apple wins an antitrust lawsuit brought by eight million iPod owners who alleged that Apple abused its monopoly power in the music industry to force out competition.

    June 8, 2015 – Apple unveils Apple Music, a streaming music service, live radio station and social network.

    February 3, 2016 – A jury orders Apple to pay $626 million in damages after finding that iMessage, FaceTime and other Apple software infringed on another company’s patents. The lawsuit, originally filed in 2010 by the company VirnetX, accuses Apple of violating four patents, which mostly involve methods for real-time communications over the Internet.

    February 16, 2016 – Apple refuses to comply with a California judge’s order to assist the FBI in hacking the iPhone of the San Bernardino gunman. A public letter signed by Cook states why the company is refusing to abide by the government’s demands.

    March 28, 2016 – The Department of Justice says the FBI has “successfully retrieved the data stored on the San Bernardino terrorist’s iPhone,” and is dropping the case against Apple, since it no longer needs the company’s help.

    August 30, 2016 – The European Union rules that Apple must pay Ireland $14.5 billion in back taxes. According to the EU, Ireland had been giving the tech company a break on taxes for more than two decades. Ireland’s finance minister issues a statement criticizing the EU’s ruling and declares that the country does not play favorites with a lower tax rate for certain companies. In a letter, Cook says he anticipates the EU’s tax ruling will be reversed on appeal.

    September 12, 2017 – Apple unveils the iPhone X, alongside the iPhone 8 and iPhone 8 Plus – all of which support wireless charging. The iPhone X will also feature facial detection technology, no home button, a 3D camera and an edge-to-edge screen.

    December 21, 2017 – Apple issues a statement saying that it has used software updates to limit the performance of older iPhones that may have battery issues that would cause them to turn off suddenly.

    December 28, 2017 – Apple apologizes to customers for how it rolled out an update that can slow down older iPhones. It is offering cheaper battery replacements to make up for it.

    June 15, 2018 – Oprah Winfrey signs a multiyear deal with Apple to create new original programming.

    August 2, 2018 – Apple becomes the first American public company to surpass $1 trillion in value.

    October 10, 2019 – In a memo to employees, Cook defends Apple’s decision to pull a map app that Hong Kong protesters used to track police, saying that it had been used in ways that “endanger law enforcement and residents in Hong Kong.”

    November 1, 2019 – Apple TV+, a subscription streaming service containing original programming, launches.

    November 4, 2019 – Apple announces a $2.5 billion financial package to help address the housing crisis in California, which has worsened in part because of the rapid growth of tech companies.

    July 29, 2020 – Cook, Amazon CEO Jeff Bezos, CEO of Google’s parent company Sundar Pichai and Facebook CEO Mark Zuckerberg all testify before a House subcommittee on anti-trust to address concerns that their businesses may be harming competition.

    August 20, 2020 – Apple reaches the $2 trillion market value mark.

    November 18, 2020 – Apple agrees to pay $113 million to settle an investigation by states including California and Arizona over how Apple wasn’t transparent about its iPhone battery problems that led to unexpected device shutdowns.

    December 14, 2020 – Launches Apple Fitness+, a service built around Apple Watch.

    November 23, 2021 – Apple files a lawsuit against NSO Group and its parent company, accusing the Israeli firm of violating a federal anti-hacking law by selling potent software that clients have used to spy on Apple customers. The lawsuit alleges that NSO’s spyware, known as Pegasus, and other malware have caused Apple monetary and property damages, and violated the human rights of Apple users along the way.

    January 3, 2022 – Apple becomes the world’s first company valued at $3 trillion.

    May 10, 2022 – Apple announces that it is ceasing production of the iPod.

    June 18, 2022 – Workers in Maryland vote to form the first-ever labor union at one of Apple’s US stores.

    June 30, 2023 – Apple’s stock ends trading valued at $3 trillion, the only company ever to reach that milestone.

    December 18, 2023 Apple announces plans to stop selling its Apple Watch Series 9 and Apple Watch Ultra 2 in US due to a patent dispute. In January 2024, a federal appeals court denies the company’s motion to temporarily pause the ban while it appealed the US International Trade Commission ruling.

    [ad_2]

    Source link

  • World’s best spicy foods: 20 dishes to try | CNN

    World’s best spicy foods: 20 dishes to try | CNN

    [ad_1]



    CNN
     — 

    Some like it hot – and some like it hotter, still.

    When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history.

    “Spicy food, or at least spiced foods, clearly predates the idea of countries and their cuisine by a very, very long time,” says Indian author Saurav Dutt, who is writing a book about the spiciest foods on the Indian subcontinent.

    “Every spicy ingredient has a wild ancestor,” he says. “Ginger, horseradish, mustard, chiles and so on have predecessors which led to their domestication.”

    Hunter-gatherer groups historically made use of various wild ingredients to flavor their foods, Dutt says, and there are many ingredients all over the world that can lend a spicy taste to a dish or stand on their own.

    Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. By that measure, the Carolina Reaper is among the hottest in the world, while habaneros, Scotch bonnets and bird’s eye chiles drop down a few rungs on the mop-your-brow scale.

    Redolent with ghost peppers, Scotch bonnets, serranos, chiltepin peppers, mouth-numbing Sichuan peppercorns and more, the following spicy dishes from around the world bring the heat in the most delicious way.

    Ata rodo – Scotch bonnet pepper – brings the fire to Nigeria’s famous spicy soup. Egusi is made by pounding the seeds from the egusi melon, an indigenous West African fruit that’s related to the watermelon.

    In addition to being protein-packed, the melon’s seeds serve to thicken and add texture and flavor to the soup’s mix of meat, seafood and leafy vegetables. Pounded yams are often served alongside this dish, helping to temper the scorch of the Scotch bonnets.

    “The joy of this dish is not only the delightful warming ingredients of cinnamon, cloves, star anise and, of course, the Sichuan peppercorns, but the fact that you can cook exactly what you like in the bubbling spicy broth,” says British-born Chinese chef Kwoklyn Wan, author of “The Complete Chinese Takeout Cookbook.”

    Duck, seafood, chicken, pork, lamb and seasonal vegetables are all fair game for tossing into the pot to simmer in a mouth-numbing broth made with Sichuan peppercorns and dried Sichuan peppers for serious kick (the dipping sauce served on the side often has chile paste, too).

    Also known as Chongqing hot pot, the dish is said to have originated as a popular food among Yangtze River boatmen. It’s enjoyed by those who can handle its heat all over China, not to mention elsewhere around the world.

    Som tam, Thailand

    A green papaya salad with a fiery kick.

    From northeastern Thailand’s spice-loving Isaan province, this fresh and fiery salad is a staple dish at Thai restaurants around the world and is also popular in neighboring Laos.

    Som tam turns to green (unripe) papaya for its main ingredient, which is usually julienned or shredded for the salad. The papaya is then tossed with long beans or green beans and a mix of flavorful Asian essentials that include tamarind juice, dried shrimp, fish sauce and sugar cane paste, among other ingredients. Thai chiles, also called bird’s eye chiles, give the salad its requisite kick.

    Piri-piri chicken, Mozambique and Angola

    The Portuguese introduced this spicy dish also known as peri-peri chicken into Angola and Mozambique as far back as the 15th century, when they mixed African chiles with European ingredients (piri-piri means “pepper pepper” in Swahili). And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish.

    Piri-piri chicken’s poultry cuts are marinated in chiles, olive oil, lemon, garlic and herbs such as basil and oregano for a fiery flavor that blends salty, sour and sweet. The dish is also popular in Namibia and South Africa, where it’s often found on the menu in Portuguese restaurants.

    The glossy red hues dancing on a plate of this popular pork dish, a version of which hails from Mao Zedong’s home province, give a hint about the mouth experience to come. The dish was apparently a favorite of the communist leader, who requested his chefs in Beijing prepare it for him.

    Chairman Mao’s braised pork belly – called Mao shi hong shao rou in China – is often served as the main dish for sharing at a family table and is made by braising chunks of pork belly with soy sauce, dried chiles and spices.

    “It is a very delicious and moreish dish due to the caramelized sugar and dark soy sauce being reduced and all the aromatics (that coat the pork belly),” wrote BBC “Best Home Cook” winner Suzie Lee, author of “Simply Chinese,” in an email to CNN Travel.

    Scotch bonnet peppers give jerk chicken its heat.

    Jamaica’s favorite pepper is the Scotch bonnet, beloved not just for its spiciness but for its aroma, colors and flavor, too, says Mark Harvey, content creator and podcaster at Two On An Island, who was born in Spanish Town, Jamaica.

    “For Jamaicans, the degree of spiciness starts at medium for children and goes up to purple hot,” he says, explaining that the peppers come in green, orange, red and purple hues, growing increasingly spicy in that order.

    Scotch bonnets star in several of the island’s iconic dishes, including escovitch fish, pepper pot soup and curry goat. But you might recognize them most from the ubiquitous jerk chicken and pork smoking roadside everywhere from Montego Bay to Boston Bay, where meat prepared with the peppery marinade is cooked the traditional way, atop coals from pimento tree wood (the tree’s allspice berries are also used in the jerk marinade).

    Popular on the Indonesian islands of Bali and Lombok, in particular, this whole chicken dish is stuffed with an intensely aromatic spice paste (betutu) that usually includes a mashup of fresh hot chile peppers, galangal (a root related to ginger), candlenuts, shallots, garlic, turmeric and shrimp paste, among other ingredients.

    The chicken is then wrapped in banana leaves and steamed, bringing the aromatics out all the more and flavoring the chicken to the max. Best shared, ayam betutu is often presented at religious ceremonies in Bali, but you’ll find it at restaurants specializing in it throughout the islands, too.

    Spicy wings are an American sports bar staple.

    Beer and buffalo chicken wings are as American as, well, hamburgers. And if you’re not eating them alongside a pile of celery sticks and a ramekin of dunking sauce – traditionally blue cheese dip, but ranch works, too – you’re missing half the picture.

    A sports bar staple at chain restaurants such as Buffalo Wild Wings and more refined outposts, too, from Alaska to Maine, “wings” are actually made up of the wing parts called drumettes and wingettes, which have the most meat.

    Buffalo wings, said to have been invented in a bar in Buffalo, New York, in 1964, are among the spiciest preparations (other popular variations include teriyaki wings and honey garlic wings). Make them as fiery as you like using a sauce that includes cayenne pepper, butter, vinegar, garlic powder and Worcestershire sauce.

    A relative of ceviche, this Mexican dish traditionally gets its fire from chiltepín peppers.

    Similar to ceviche but with more bite, this raw marinated shrimp dish from the western Mexican state of Sinaloa (and a staple along the Baja Peninsula, too) tastes as good as it looks.

    Tiny but mighty chiltepín peppers (they look like bright little berries), grown throughout the United States and Mexico, make the spicy magic happen in shrimp aguachiles, which means “pepper water.” If you can’t find those, serrano and jalapeño peppers also do the trick.

    Marinate the raw shrimp with ingredients including lime juice, cilantro, red onion and cucumber and enjoy with crispy tostadas.

    Pad ka prao, Thailand

    A go-to dish when you want something satisfying – but with kick – pad ka prao is a mealtime staple in Thailand, where you’ll find it on offer at street-side stalls and restaurants everywhere from Bangkok to the islands.

    Considered the Thai equivalent of a sandwich or a burger, the dish is a mix of ground pork, spicy Thai chile peppers and holy basil and can be ordered as spicy as you like. Many locals believe it’s best topped with a fried egg with a runny yolk.

    Beef rendang, Indonesia and Malaysia

    A fiery favorite that originated in West Sumatra, versions of beef rendang are also enjoyed in Indonesia’s neighboring countries, including Malaysia and Brunei, as well as the Philippines.

    This flavorful dry curry dish calls on kaffir lime leaves, coconut milk, star anise and red chile, among other spices, to deliver its complexity. It’s often presented to guests and served during festive events.

    The fermented cabbage dish kimchi might be the spicy Korean dish that first comes to mind, but when you want some extra kick, dakdoritang does the trick.

    Comfort food to the max, the chicken stew doubles down on its spiciness with liberal doses of gochugaru (Korean chile powder) and gochujang (Korean chile paste) mixed with rice wine, soy sauce, garlic, ginger and sesame oil in a braising sauce that packs the bone-in chicken pieces with flavor. It’s often served with carrots, onions and potatoes.

    Phaal Curry, Birmingham, England (via Bangladesh)

    This tomato-based British-Asian curry invented in Birmingham, England, curry houses by British Bangladeshi restaurateurs is thought to be one of the spiciest curries in the world.

    “Typically the sauce has a tomato base with ginger, fennel seeds and copious amounts of chile, habanero or Scotch bonnet, peppers,” says Indian author Saurav Dutt.

    As many as 10 pepper types may find their way into phaal curry, he says, including bird’s eye chiles and the bhut jolokia (also known as the ghost pepper, it’s one of the world’s hottest peppers). Even hotter than vindaloo, this dish will absolutely light your mouth up.

    This classic Roman pasta dish’s name gives you an idea of what to expect. “Arrabbiata” means “angry” in Italian. And penne all’arrabbiata pairs the relatively plain penne pasta with fiery flavors from the sauce (sugo all’arrabbiata) in which it’s slathered.

    “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email.

    To tame the angry peppers in this garlic and tomato-based dish with a good glass of red wine, MacLean says to pair penne all’arrabbiata with a Cesanese, also from Rome’s Lazio region, with its crisp fruit and light tannins.

    “A wine that’s heavy in oak or alcohol would turn up the heat (in the dish) in your mouth and render the wine tasteless,” he warns.

    Chicken is simmered with roasted spices and coconut in this flavorful dish.

    “There’s a saying in South India that you are lucky to ‘eat like a Chettiar,’ ” says Dutt, referring to the Tamil-speaking community in India’s southern Tamil Nadu state credited with creating this spicy dish.

    “Like this chicken dish, the traditional Chettinad dishes mostly used locally sourced spices like star anise, pepper, kalpasi (stone flower) and marati mokku (dried flower pods),” he says.

    The chicken pieces are simmered in a medley of roasted spices and coconut, and it is traditionally served with steamed rice or the thin South Indian pancakes called dosa, fried chapati or naan.

    This Ethiopian dish leans on the fiery berbere spice blend.

    The fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

    Topped with boiled eggs, the dish almost always finds a place at the table during weddings, religious holidays and other special occasions and family gatherings. If you’re invited to try it in Ethiopia at such an event, consider yourself very lucky indeed.

    Mouth-numbing Sichuan peppercorns bring the X-factor to this popular dish from China’s Sichuan province, which mixes chunks of silken tofu with ground meat (pork or beef) and a spicy fermented bean paste called doubanjiang.

    Mapo tofu’s fiery red color might as well be a warning to the uninitiated – Sichuan cuisine’s defining flavor, málà, has a numbing effect on the mouth called paresthesia that people tend to love or hate.

    A Portuguese-influenced dish from India’s southwestern state of Goa, vindaloo was not originally meant to be spicy, says Dutt. “It originally contained pork, potatoes (aloo) and vinegar (vin), giving you the name,” he says.

    But when the dish was exported to curry houses in the United Kingdom that were mostly run by Muslim Bangladeshi chefs, Dutt says, pork was replaced with beef, chicken or lamb and the dish evolved into a spicier hot curry.

    Ghost pepper flakes and Scotch bonnet peppers are among the peppers giving the dish its scorching taste. But in Goa, you can still find versions of the dish that swing more on the side of milder spices such as cinnamon and cardamom.

    Senegalese cooks are also big fans of Scotch bonnet peppers, named for their resemblance to the Scottish tam o’ shanter hat. And their spice-giving goodness is deployed liberally in one of the West African country’s favorite dishes, the spicy tomato and peanut or groundnut-based stew called mafé.

    Usually made with beef, lamb or chicken, the stew is made even heartier with potatoes, carrots and other root vegetables for one filling feed. Mafé is popular in other West African countries, too, including Mali and Gambia, and it can also be prepared without meat.

    Synonymous with watching the Super Bowl or hunkering down on a cold night, chili is a spicy American staple where you can opt to ratchet up the heat as much as you like.

    There are basically two pure forms of American chili – with or without beans (usually red kidney beans) – says Chef Julian Gonzalez of Sawmill Market in Albuquerque, New Mexico. In Texas, he explains, chili traditionally doesn’t have beans, which puts the focus on the spices and chiles used to flavor it, and he goes with that approach himself.

    “Traditionally chili is seasoned with chili powder, cumin and paprika,” Gonzalez says. From there, you can use other ingredients to make your recipe unique. Adding cayenne pepper is one way to turn up the heat.

    At his restaurant Red & Green, which serves New Mexican cuisine, Gonzalez’s green chile stew, made with pork and no beans, is seasoned with a mix of roasted green New Mexican hatch chiles (half mild and half with heat), onion and garlic powder.

    [ad_2]

    Source link

  • Jamie Dimon Fast Facts | CNN

    Jamie Dimon Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here is a look at the life of Jamie Dimon, chairman and CEO of JPMorgan Chase & Co.

    Birth date: March 13, 1956

    Birth place: New York, New York

    Birth name: James Dimon

    Father: Theodore Dimon, stockbroker

    Mother: Themis Dimon

    Marriage: Judith “Judy” (Kent) Dimon (May 1983-present)

    Children: Julia, Laura and Kara Leigh

    Education: Tufts University, B.A. 1978; Harvard University, M.B.A., 1982

    He has a twin brother, Theodore Dimon Jr., who is the founder of the Dimon Institute in New York.

    1982-1985 – Assistant to American Express president Sandy Weill.

    1996-1997 Chairman and CEO of Smith Barney.

    1997-1998Co-chairman and co-CEO of Salomon Smith Barney Holdings.

    1998 – President of Citigroup. Dimon is forced out of the company after a falling-out with Weill.

    2000-2004 Chairman and CEO of Bank One Corporation.

    2004Becomes president and chief operating officer of JPMorgan Chase & Co. when it merges with Bank One Corporation.

    December 31, 2005Assumes title of chief executive officer and president at JPMorgan Chase & Co., effective January 1, 2006.

    December 31, 2006 Named chairman of the board at JPMorgan Chase & Co., effective January 1, 2007.

    2011 Earned $23.1 million in compensation as chairman and CEO of JPMorgan Chase & Co., making him the best paid bank CEO.

    May 10, 2012On a conference call, reveals that a trading portfolio that was designed to help JPMorgan Chase hedge its credit risk lost $2 billion and could lose $1 billion more.

    May 15, 2012Apologizes to JPMorgan Chase shareholders at the annual meeting. Shareholders approve Dimon’s $23 million pay package and preliminary results show that only 40% support a proposal that calls for the appointment of an independent chairman.

    May 17, 2012Senate Banking Committee announces Dimon has been invited to appear before the committee at hearings looking into the JP Morgan trading losses from a regulatory angle.

    June 13, 2012 Dimon testifies before the Senate Banking, Housing and Urban Affairs Committee telling senators that while he did not approve the trades that led to the multi-billion dollar loss, he was aware of it.

    June 19, 2012Dimon testifies before the House Financial Services Committee and says that he did not mislead shareholders.

    July 13, 2012JPMorgan announces that the trading loss originally believed to be $2 billion is now approximately $5.8 billion. JPMorgan later discloses that the loss increased to $6.2 billion in the third quarter.

    2012 Due to the London Whale losses, Dimon’s pay package is reduced to $11.5 million, down from the previous year’s $23.1 million.

    January 23, 2013Dimon apologizes to the shareholders by stating that the “whale” trade that caused the $6 billion loss was a “terrible mistake.”

    May 21, 2013 Approximately 68% of JPMorgan Chase stockholders vote to keep Dimon as chairman and CEO at the annual meeting, but three directors on the risk committee receive a narrow majority of only between 51% and 59% of votes.

    September 19, 2013 – JPMorgan Chase agrees to pay about $920 million in fines to US and UK regulators to settle charges related to the “London Whale” trading scandal.

    November 19, 2013 – Officials announce JPMorgan Chase has agreed to a $13 billion settlement to resolve several investigations into the bank’s mortgage securities business. According to the Justice Department, the deal is the “the largest settlement with a single entity in American history.”

    January 24, 2014 – Dimon gets a 74% pay hike for 2013, even though JPMorgan Chase & Co was forced to pay billions in fines and settlements last year. In a government filing, JPMorgan Chase says that Dimon will receive $18.5 million worth of restricted stock that will vest over the next three years as his 2013 bonus. That’s up from a $10 million bonus for 2012. His $1.5 million base salary remains unchanged.

    July 1, 2014 – Dimon releases a memo saying that he has been diagnosed with a curable throat cancer. He will receive radiation and chemotherapy treatment over the next eight weeks at Memorial Sloan Kettering Hospital in New York, but will remain working while undergoing treatment.

    February 11, 2016 – After the price of JPMorgan Chase shares drop 25% from their all-time high during the summer, Dimon purchases $26.6 million in stock.

    January 30, 2018 – Announces, along with Warren Buffett and Jeff Bezos, a plan to “find a more efficient and transparent way to provide health care services” in order to tackle the rising cost of healthcare.

    March 5, 2020 – In a letter to employees, shareholders and clients, JPMorgan Chase’s co-COOs Gordon Smith and Daniel Pinto announce that Dimon is recovering after undergoing emergency heart surgery. Dimon required surgery after experiencing an “acute aortic dissection,” a tear in the inner lining of the aorta blood vessel.

    July 20, 2021 – According to a filing with the Securities and Exchange Commission, JPMorgan Chase awards Dimon 1.5 million stock options for him “to continue to lead the Firm for a further significant number of years.”

    February 22, 2024 – SEC filings show that Dimon has sold $150 million worth of JPMorgan Chase stock.

    [ad_2]

    Source link

  • Dow Jones Industrial Average Fast Facts | CNN

    Dow Jones Industrial Average Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at the Dow Jones Industrial Average.

    The Dow Jones Industrial Average is a stock index comprised of 30 “blue-chip” US stocks. It is meant to be a way to measure the strength or weakness of the entire US stock market.

    The Dow began in 1896 with 12 industrial stocks.

    Dow Jones & Co was founded by journalists Charles Dow and Edward Jones.

    Current Dow stocks

    Record high close – February 23, 2024, the Dow closes at 39,131.53 points.

    Biggest one-day point gain – March 24, 2020, the Dow gains 2,112.98 points.

    Biggest one-day percentage gain – March 15, 1933, the Dow closes up 15.34%.

    Biggest one-day point loss – March 16, 2020, the Dow closes down 2,997.1 points.

    Biggest one-day percentage loss – October 19, 1987, the Dow closes down 22.61%.

    1882 – Dow, Jones & Co. is created.

    1884 – Charles Dow creates the Dow Averages, the precursor to the DJIA.

    May 26, 1896 – The first index, made up of 12 industrial companies, is published and the Dow opens at 40.94 points.

    January 12, 1906 – The Dow closes at 100.25, the first close above 100.

    October 24, 1929 – The Stock Market crash of 1929 begins which leads to the Great Depression of the 1930s. It takes 25 years for the Dow to regain its September 1929 high of 381 points.

    1930 – Dow Jones becomes incorporated and the comma in the name is dropped.

    March 12, 1956 – The Dow closes at 500.24, the first close above 500.

    November 14, 1972 – The Dow closes at 1,003.16, the first close above 1,000.

    October 19, 1987 – The Dow closes down 508 points, at the time the biggest one-day drop ever in the Dow’s history.

    November 21, 1995 – The Dow closes at 5,023.55, the first close above 5,000.

    March 29, 1999 – The Dow closes at 10,006,78, the first close above 10,000.

    September 17, 2001 – Stock markets reopen after the 9/11 terror attacks.

    September 21, 2001 – After the first full week of trading post 9/11, the Dow falls more than 1,300 points, or about 14%.

    October 19, 2006 – The Dow closes at 12,011.73, the first close above 12,000.

    April 25, 2007 – The Dow closes at 13,089.89, the first close above 13,000.

    July 19, 2007 – The Dow closes at 14,000.41, the first close above 14,000.

    September 29, 2008 – Worst single-day point drop in history at the time, plunging 777.68 points – the same day the US House rejects the $700 billion financial bailout package.

    October 6-10, 2008 – Worst weekly point and percentage decline finishing at 8,451.19, or down 1,874.19 points and 18.15% for the week.

    February 21, 2012 – The Dow crosses the 13,000 level for the first time since May of 2008.

    February 1, 2013 – The Dow closes above 14,000 for the first time since October of 2007.

    May 7, 2013 – The Dow closes above 15,000 for the first time.

    November 21, 2013 – The Dow closes above 16,000 for the first time, at 16,009.99.

    July 3, 2014 – The Dow closes at 17,068.26, the first close above 17,000.

    December 23, 2014 – The Dow closes at 18,024.17, the first close above 18,000.

    August 26, 2015 – The Dow closes with a 619-point gain, the biggest daily point gain since 2008.

    January 7, 2016 – The Dow drops 5% in its first four days of the year, the worst four-day percentage loss to start a year on record.

    November 22, 2016 – The Dow closes at 19,023.87, the first close above 19,000.

    January 25, 2017 – The Dow hits the 20,000 milestone for the first time in history.

    March 1, 2017 – The Dow closes at 21,115.55, the first close over 21,000 in history.

    August 2, 2017 – The Dow closes above 22,000 for the first time, at 22,016.24.

    October 18, 2017 – The Dow closes above 23,000 for the first time, at 23,157.60.

    November 30, 2017 – The Dow closes above 24,000 for the first time, at 24,272.35.

    January 4, 2018 – The Dow closes at 25,075.13, the first close above 25,000.

    January 17, 2018 – The Dow closes at 26,115.65, the first time it has closed above 26,000.

    July 11, 2019 – The Dow closes at 27,088.08, the first time it has closed above 27,000.

    November 15, 2019 – The Dow closes above 28,000 for the first time, at 28,004.89.

    January 15, 2020 – The Dow closes above 29,000 for the first time, at 29,030.22.

    March 16, 2020 – The Dow records its worst one-day point drop in history, 2,997.1 points, and its worst performance on a percentage basis since October 19, 1987, also known as “Black Monday.”

    March 24, 2020 – The Dow closes with a 2,112.98-point gain, to become the biggest one-day point gain in history.

    November 24, 2020 – The Dow closes above 30,000 for the first time, at 30,046.24.

    January 7, 2021 – The Dow closes at 31,041.13, the first close above 31,000.

    March 10, 2021 – The Dow closes at 32,297.02, the first close above 32,000.

    March 17, 2021 – The Dow closes above 33,000 for the first time, at 33,015.37.

    April 15, 2021 – The Dow closes above 34,000 for the first time, at 34,035.99.

    July 23, 2021 – The Dow closes above 35,000 for the first time, at 35,061.55.

    November 2, 2021 – The Dow closes at 36,052.63, the first close above 36,000.

    December 13, 2023 – The Dow closes above 37,000 for the first time, at 37,090.24.

    January 22, 2024 – The Dow closes at 38,001.81, the first close above 38,000.

    February 22, 2024 – The Dow closes at 39,069.11, the first close above 39,000.

    [ad_2]

    Source link

  • Oil Spills Fast Facts | CNN

    Oil Spills Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at oil spill disasters. Spill estimates vary by source.

    1. January 1991 – During the Gulf War, Iraqi forces intentionally release 252-336 million gallons of oil into the Persian Gulf.

    2. April 20, 2010 – An explosion occurs on board the BP-contracted Transocean Ltd. Deepwater Horizon oil rig, releasing approximately 168 million gallons of oil in the Gulf of Mexico.

    3. June 3, 1979 – Ixtoc 1, an exploratory well, blows out, spilling 140 million gallons of oil into the Bay of Campeche off the coast of Mexico.

    4. March 2, 1992 – A Fergana Valley oil well in Uzbekistan blows out, spilling 88 million gallons of oil.

    5. February 1983 – An oil well in the Nowruz Oil Field in Iran begins spilling oil. One month later, an Iraqi air attack increases the amount of oil spilled to approximately 80 million gallons of oil.

    6. August 6, 1983 – The Castillo de Bellver, a Spanish tanker, catches fire near Cape Town, South Africa, spilling more than 78 million gallons of oil.

    7. March 16, 1978 – The Amoco Cadiz tanker runs aground near Portsall, France, spilling more than 68 million gallons of oil.

    8. November 10, 1988 – The tanker Odyssey breaks apart during a storm, spilling 43.1 million gallons of oil northeast of Newfoundland, Canada.

    9. July 19, 1979 – The Atlantic Empress and the Aegean Captain tankers collide near Trinidad and Tobago. The Atlantic Empress spills 42.7 million gallons of oil. On August 2, the Atlantic Empress spills an additional 41.5 million gallons near Barbados while being towed away.

    10. August 1, 1980 – Production Well D-103 blows out, spilling 42 million gallons of oil southeast of Tripoli, Libya.

    Union Oil Company
    January 28, 1969 – Inadequate casing leads to the blowout of a Union Oil well 3,500 feet deep about five miles off the coast of Santa Barbara, California. About three million gallons of oil gush from the leak until it can be sealed 11 days later, covering 800 square miles of ocean and 35 miles of coastline and killing thousands of birds, fish and other wildlife.

    The disaster is largely considered to be one of the main impetuses behind the environmental movement and stricter government regulation, including President Richard Nixon’s signing of the National Environmental Policy Act, the creation of the Environmental Protection Agency in 1970. It also inspired Wisconsin Senator Gaylord Nelson to found the first Earth Day.

    Exxon Valdez
    March 24, 1989 – The Exxon Valdez runs aground on Bligh Reef in Prince William Sound, Alaska, spilling more than 11 million gallons of oil.

    March 22, 1990 – Captain Joseph Hazelwood is acquitted of all but one misdemeanor, negligent discharge of oil. Hazelwood is later sentenced to 1,000 hours of cleaning around Prince William Sound and is fined $50,000.

    July 25, 1990 – At an administrative hearing, the Coast Guard dismisses charges of misconduct and intoxication against Captain Joseph Hazelwood, but suspends his captain’s license.

    October 8, 1991 – A federal judge approves a settlement in which Exxon and its shipping subsidiary will pay $900 million in civil payments and $125 million in fines and restitution. Exxon says it has already spent more than $2 billion on cleanup.

    September 16, 1994 – A federal jury orders Exxon to pay $5 billion in punitive damages to fishermen, businesses and property owners affected by the oil spill.

    November 7, 2001 – The US Court of Appeals for the Ninth Circuit rules that the $5 billion award for punitive damages is excessive and must be cut.

    December 6, 2002 – US District Judge H. Russel Holland reduces the award to $4 billion.

    December 22, 2006 – The Ninth Circuit Court of Appeals reduces the award to $2.5 billion.

    June 25, 2008 – The US Supreme Court cuts the $2.5 billion punitive damages award to $507.5 million.

    June 15, 2009 – The Ninth Circuit Court of Appeals orders Exxon to pay $470 million in interest on the $507.5 million award.

    BP Gulf Oil Spill
    April 20, 2010 – An explosion occurs aboard BP-contracted Transocean Ltd Deepwater Horizon oil rig stationed in the Gulf of Mexico. Of the 126 workers aboard the oil rig, 11 are killed.

    April 22, 2010 – The Deepwater Horizon oil rig sinks. An oil slick appears in the water. It is not known if the leak is from the rig or from the underwater well to which it was connected.

    April 24, 2010 – The US Coast Guard reports that the underwater well is leaking an estimated 42,000 gallons of oil a day.

    April 28, 2010 – The Coast Guard increases its spill estimate to 210,000 gallons of oil a day.

    May 2, 2010 – President Barack Obama tours oil spill affected areas and surveys efforts to contain the spill.

    May 4, 2010 – The edges of the oil slick reach the Louisiana shore.

    May 26, 2010 – BP starts a procedure known as “top kill,” which attempts to pump enough mud down into the well to eliminate the upward pressure from the oil and clear the way for a cement cap to be put into place. The attempt fails.

    June 16, 2010 – BP agrees to create a $20 billion fund to help victims affected by the oil spill.

    July 5, 2010 – Authorities report that tar balls linked to the oil spill have reached the shores of Texas.

    July 10, 2010 – BP removes an old containment cap from the well so a new one can be installed. While the cap is removed, oil flows freely. The new cap is finished being installed on July 12.

    July 15, 2010 – According to BP, oil has stopped flowing into the Gulf.

    August 3, 2010 – BP begins the operation “static kill” to permanently seal the oil well.

    August 5, 2010 – BP finishes the “static kill” procedure. Retired Adm. Thad Allen says this will “virtually assure us there’s no chance of oil leaking into the environment.”

    January 11, 2011 – The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling releases their full report stating that the explosion of the Deepwater Horizon rig launched the worst oil spill in US history, 168 million gallons (or about 4 million barrels).

    September 14, 2011 – The final federal report is issued on the Gulf oil spill. It names BP, Transocean and Halliburton as sharing responsibility for the deadly explosion that resulted in the April 2010 Gulf of Mexico oil spill.

    January 26, 2012 – A federal judge in New Orleans rules that Transocean, the owner of the Deepwater Horizon rig, is not liable for compensatory damages sought by third parties.

    January 31, 2012 – A federal judge in New Orleans rules that Halliburton is not liable for some of the compensatory damages sought by third parties.

    March 2, 2012 – BP announces it has reached a settlement with attorneys representing thousands of businesses and individuals affected by the 2010 oil spill.

    April 18, 2012 – Court documents are filed revealing the March 2, 2010 settlement BP reached with attorneys representing thousands of businesses and individuals affected by the oil spill. A federal judge must give preliminary approval of the pact, which BP estimates will total about $7.8 billion.

    April 24, 2012 – The first criminal charges are filed in connection with the oil spill. Kurt Mix, a former engineer for BP, is charged with destroying 200-plus text messages about the oil spill, including one concluding that the undersea gusher was far worse than reported at the time.

    November 15, 2012 – Attorney General Eric Holder announces that BP will plead guilty to manslaughter charges related to the rig explosion and will pay $4.5 billion in government penalties. Separate from the corporate manslaughter charges, a federal grand jury returns an indictment charging the two highest-ranking BP supervisors on board the Deepwater Horizon on the day of the explosion with 23 criminal counts.

    November 28, 2012 – The US government issues a temporary ban barring BP from bidding on new federal contracts. The ban is lifted on March 13, 2014.

    December 21, 2012 – US District Judge Carl Barbier signs off on the settlement between BP and businesses and individuals affected by the oil spill.

    January 3, 2013 – The Justice Department announces that Transocean Deepwater Inc. has agreed to plead guilty to a violation of the Clean Water Act and pay $1.4 billion in fines.

    February 25, 2013 – The trial to determine how much BP owes in civil damages under the Clean Water Act begins. The first phase of the trial will focus on the cause of the blowout.

    September 19, 2013 – In federal court in New Orleans, Halliburton pleads guilty to destroying test results that investigators had sought as evidence. The company is given the maximum fine of $200,000 on the charge.

    September 30, 2013 – The second phase of the civil trial over the oil spill begins. This part focuses on how much oil was spilled and if BP was negligent because of its lack of preparedness.

    December 18, 2013 – Kurt Mix, a former engineer for BP, is acquitted on one of two charges of obstruction of justice for deleting text messages about the oil spill.

    September 4, 2014 – A federal judge in Louisiana finds that BP was “grossly negligent” in the run-up to the 2010 disaster, which could quadruple the penalties it would have to pay under the Clean Water Act to more than $18 billion. Judge Carl Barbier of the US District Court for the Eastern District of Louisiana also apportions blame for the spill, with “reckless” BP getting two thirds of it. He says the other two main defendants in the more than 3,000 lawsuits filed in the spill’s wake, Transocean and Halliburton, were found to be “negligent.”

    January 15, 2015 – After weighing multiple estimates, the court determines that 4.0 million barrels of oil were released from the reservoir. 810,000 barrels of oil were collected without contacting “ambient sea water” during the spill response, making BP responsible for a maximum of 3.19 million barrels.

    January 20-February 2, 2015 – The final phase of the trial to determine BP’s fines takes place. The ruling is expected in a few months.

    July 2, 2015 – An $18.7 billion settlement is announced between BP and five Gulf states.

    September 28, 2015 – In a Louisiana federal court, the city of Mobile, Alabama, files an amended complaint for punitive damages against Transocean Ltd., Triton Asset Leasing, and Halliburton Energy Services, Inc., stating that “Mobile, its government, businesses, residents, properties, eco-systems and tourists/tourism have suffered and continue to suffer injury, damage and/or losses as a result of the oil spill disaster.” As of April 20, 2015, Mobile estimated the losses had exceeded $31,240,000.

    October 5, 2015 – BP agrees to pay more than $20 billion to settle claims related to the spill. It is the largest settlement with a single entity in the history of the Justice Department.

    November 6, 2015 – The remaining obstruction of justice charge against Kurt Mix is dismissed as he agrees to plead guilty to the lesser charge of “intentionally causing damage without authorization to a protected computer,” relating to deletion of a text message, a misdemeanor. He receives six months’ probation and must complete 60 hours of community service.

    [ad_2]

    Source link

  • Andrew Yang Fast Facts | CNN Politics

    Andrew Yang Fast Facts | CNN Politics

    [ad_1]



    CNN
     — 

    Here is a look at the life of Andrew Yang, entrepreneur and former 2020 Democratic presidential candidate.

    Birth date: January 13, 1975

    Birth place: Schenectady, New York

    Birth name: Andrew M. Yang

    Father: Kei-Hsiung Yang, researcher at IBM and GE

    Mother: Nancy L. Yang, systems administrator

    Marriage: Evelyn (Lu) Yang (2011-present)

    Children: Two sons

    Education: Brown University, B.A. in Economics, 1996; J.D. Columbia University School of Law, 1999

    Religion: Protestant

    His parents are originally from Taiwan.

    The primary proposal for his political platform was the idea of universal basic income (UBI). This “Freedom Dividend” would have provided every citizen with $1,000 a month, or $12,000 a year.

    Yang established Freedom Dividend, a pilot program to push for universal basic income, in which he personally funds monthly cash payments.

    Is featured in the 2016 documentary, “Generation Startup.”

    His campaign slogan was “MATH,” or “Make America Think Harder.”

    In 1992, he traveled to London as a member of the US National Debate Team.

    After graduating from Columbia, Yang practiced law for a short time before changing his career focus to start-ups and entrepreneurship.

    2002-2005Vice president of a healthcare start-up.

    2006-2011Managing director, then CEO, of Manhattan Prep, a test-prep company.

    2009Kaplan buys Manhattan Prep for more than $10 million.

    September 2011 Founds Venture for America, a non-profit which connects recent college graduates with start-ups. Leaves the company in 2017.

    2012 Is recognized by President Barack Obama as a “Champion of Change.”

    April 2012Ranks No. 27 on Fast Company’s list of 100 Most Creative People in Business.

    February 4, 2014 His book, “Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America,” is published.

    May 11, 2015Obama names Yang an ambassador for global entrepreneurship.

    November 6, 2017 Files FEC paperwork for a 2020 presidential run.

    February 2, 2018Announces his run for president via YouTube and Twitter.

    April 3, 2018His book, “The War on Normal People,” is published.

    March 2019 Yang explores the possibility of using a 3D hologram to be able to campaign remotely in two or three places at once.

    January 4, 2020 – Launches a write-in campaign for the Ohio Democratic primary in March of 2020 after failing to fully comply with the state’s ballot access laws.

    February 11, 2020 – In New Hampshire, Yang suspends his presidential campaign.

    February 19, 2020 – CNN announces that Yang will be joining the network as a political commentator.

    March 5, 2020 – Launches Humanity Forward, a nonprofit group that will “endorse and provide resources to political candidates who embrace Universal Basic Income, human-centered capitalism and other aligned policies at every level,” according to its website. Yang also announces that he will launch a podcast.

    December 23, 2020 – Files paperwork to participate in New York’s 2021 mayoral race, according to city records.

    January 13, 2021 – Yang announces his candidacy for New York City mayor.

    June 22, 2021 Yang concedes the New York City mayoral race.

    October 4, 2021 – Yang announces in a blog post that he is “breaking up” with the Democratic Party and has registered as an independent

    July 27, 2022 – Yang, along with former New Jersey Gov. Christine Todd Whitman, and a group of former Republican and Democratic officials form a new political party called Forward.

    September 12, 2023 – Yang’s political thriller “The Last Election,” co-written with Stephen Marche, is published.

    2020 hopeful wants holograms to campaign in multiple cities

    [ad_2]

    Source link

  • Jon Corzine Fast Facts | CNN Politics

    Jon Corzine Fast Facts | CNN Politics

    [ad_1]



    CNN
     — 

    Here’s a look at the life of Jon Corzine, former governor of New Jersey.

    Birth date: January 1, 1947

    Birth place: Willey’s Station, Illinois

    Birth name: Jon Stevens Corzine

    Father: Roy Allen Corzine Jr., farmer

    Mother: Nancy (Hedrick) Corzine, teacher

    Marriages: Sharon Elghanayan (2010-present); Joanne Dougherty (1969-2003, divorced)

    Children: with Joanne Dougherty: Jennifer, Joshua and Jeffrey

    Education: University of Illinois, B.A., 1969; University of Chicago, M.B.A., 1973

    Military: United States Marine Corps Reserves, Sergeant, 1969-1975

    Religion: Methodist

    Is the third New Jersey governor to break a leg while in office. Jim McGreevey broke his leg in 2002 and Christie Whitman broke hers in 1999.

    1975 – Begins working for Goldman Sachs.

    1980 – Is named a partner at Goldman Sachs.

    1994-1999 – Chairman and chief executive of Goldman Sachs.

    November 7, 2000 – Is elected to the United States Senate.

    2001-2006 – United States Senator representing New Jersey.

    November 8, 2005 – Is elected governor of New Jersey.

    January 17, 2006-January 19, 2010 – 54th governor of New Jersey.

    July 1, 2006 – Orders a government shutdown amid a budgetary impasse between the state legislature and his office. It ends on July 8th.

    December 21, 2006 – Corzine signs a bill legalizing same-sex civil unions.

    April 12, 2007 – Is seriously injured in a car accident. According to official reports, Corzine’s driver was going 90mph in a 65mph zone, and Corzine was not wearing a seat belt.

    December 17, 2007 – Signs legislation repealing the death penalty.

    November 3, 2009 – Is defeated in his re-election bid by Republican Chris Christie.

    March 23, 2010 – Is named CEO of MF Global.

    October 31, 2011 – MF Global files for bankruptcy after it is revealed that more than $600 million of customer money is missing.

    November 4, 2011 – Corzine resigns from MF Global.

    December 2011 – Corzine testifies multiple times before both the House and Senate Agriculture Committees, claiming he does not know where the missing customer money went.

    November 15, 2012 – The House Financial Services Subcommittee on Oversight and Investigations releases a report saying that Corzine’s risky decisions led to the loss of customer funds.

    April 4, 2013 – Louis Freeh, bankruptcy trustee for MF Global and former head of the FBI, releases a report blaming the demise of the commodities trading firm on Corzine.

    April 23, 2013 – Louis Freeh files a lawsuit against Corzine and two lieutenants at MF Global saying their risky decisions led to the company’s bankruptcy and the improper use of the client’s money to cover losses.

    November 5, 2013 – A bankruptcy judge approves a recovery plan that will allow almost 26,000 customers to collect 100 cents on the dollar of a combined $1.6 billion in lost investments from MF Global.

    March 11, 2014 – Corzine’s youngest son, Jeffrey Corzine, 31, commits suicide.

    December 23, 2014 – A New York federal court orders MF Global Holdings to pay restitution in the amount of $1.212 billion, plus a $100 million civil penalty for its subsidiary’s misuse of funds.

    January 5, 2017 – The US Commodity Futures Trading Commission says a federal court ordered Corzine to pay a $5 million penalty for his role in MF Global’s “Unlawful use of customer funds” and his “failure to diligently supervise the handling of customer funds.”

    [ad_2]

    Source link

  • Dow surges to new record as Fed signals three rate cuts in 2024 | CNN Business

    Dow surges to new record as Fed signals three rate cuts in 2024 | CNN Business

    [ad_1]

    Titans of finance have been warning for months that looming geopolitical dangers are the biggest threat by and large to the US economy. But even as wars rage on in the Middle East and Eastern Europe, markets have been enjoying an end-of-year rally.

    The S&P 500 reached its highest level since January 2022 on Tuesday, following new data that showed cooling inflation. The surge came even as the Israel-Gaza war intensified and the Russia-Ukraine war approached the end of its second year.

    It appears that, for now, Wall Street is skeptical of the impact of war on the US economy and is instead more focused on the Federal Reserve and inflation rates than conflict abroad.

    JPMorgan Chase CEO Jamie Dimon has repeatedly said that geopolitical uncertainty is currently the biggest risk in the world.

    He stressed, at last month’s New York Times DealBook Summit, that this may be the most dangerous time the world has seen in decades, and that the wars in Ukraine, Israel and Gaza could have far-reaching impacts on global energy, food supply, trade and geopolitics. It could even, he said, lead to nuclear blackmail (using the threat of nuclear warfare as leverage to coerce another country into meeting certain demands).

    He’s not alone. EY’s latest CEO Outlook Pulse survey found that 99% of CEOs said they were shifting their investments in response to geopolitical challenges.

    Violent conflicts abroad pose the largest threat to markets next year, according to a Natixis survey of 500 institutional investors from around the world.

    “The biggest macroeconomic risk for 2024 is geopolitical bad actors who with one action can upset economic and market assumptions globally,” the group wrote. That risk ranked above policy errors by central banks, a slowing Chinese economy and dwindling consumer spending.

    But the S&P 500 is up by 9% since Hamas’ October 7 attack and up 10% since Russia’s full-scale invasion of Ukraine in February 2022.

    “Many armchair forecasters bid up hysteria regarding the ongoing war in Ukraine and the October 7 terrorist attack in Israel,” wrote Marko Papic, chief strategist at the Clocktower Group, in a note this week. “In the end, neither event had any impact on markets.”

    Instead, investors appear locked in on the Fed — and investors aren’t going to let geopolitics get in the way of their holiday cheer.

    “With geopolitical tensions elevated in the world, I think it’s very important that we don’t conflate the very muted response that we’ve seen, say over the last four to five weeks, with markets being very sanguine, because they’re not,” said Sinead Colton Grant, incoming chief investment officer at BNY Mellon, at last month’s Reuters NEXT conference in New York.

    “They’re watching the evolution very, very closely and there’s an assumption that all these events remain fairly contained. Should that turn out not to be the case, you will see markets react quite sharply, and that would reverberate beyond the equity markets,” she said.

    [ad_2]

    Source link

  • Tiger Woods Fast Facts | CNN

    Tiger Woods Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at one of the most successful golfers in history, Tiger Woods.

    Birth date: December 30, 1975

    Birth place: Cypress, California

    Birth name: Eldrick Tont Woods

    Father: Earl Woods

    Mother: Kultilda (Punsawad) Woods

    Marriage: Elin Nordegren (October 5, 2004-August 23, 2010, divorced)

    Children: Charlie Axel and Sam Alexis

    Education: Attended Stanford University, 1994-1996

    Won the Masters Tournament five times, the US Open three times, the PGA Championship four times and the British Open three times.

    Woods is the PGA career money list leader.

    With 82 PGA Tour wins, Woods is tied with Sam Snead for most all-time career victories.

    His father nicknamed him “Tiger” after a South Vietnamese soldier with whom he had fought alongside during the Vietnam War.

    1978 – At the age of 2, wins a putting contest with Bob Hope. The match was staged for the “Mike Douglas Show.”

    1980 – Appears on the TV show “That’s Incredible.”

    1991 – Wins his first US Junior Amateur golf championship. At 15 years of age, Woods was the youngest champion in history until 14-year-old Jim Liu broke his record in 2010.

    1992 – Wins his second US Junior Amateur golf championship.

    February 27, 1992 – Competes in his first PGA tournament at the age of 16. He is given a sponsor’s exemption in order to play and is the youngest player ever to play in a PGA tournament at that time.

    1993 – Wins his third US Junior Amateur golf championship.

    1994-1996 – Wins three consecutive US Amateur golf championships.

    August 27, 1996 – Turns professional.

    August 1996 – Signs a five-year endorsement deal with Nike worth $40 million.

    October 6, 1996 – Wins his first tournament as a professional at the Las Vegas Invitational.

    1996 – Forms the Tiger Woods Foundation for the promotion of minority participation in golf and other sports. In February 2018, the charity is renamed TGR Foundation to reflect its growth and scope.

    April 13, 1997 – Wins his first Masters Tournament.

    May 19, 1997 – Signs an endorsement deal with American Express worth between $13 and $30 million.

    June 1997 – Becomes the No. 1 ranked golfer in the world after his 42nd week on the PGA Tour. At 21 years, 24 weeks, he is the youngest player ever to hold the No. 1 spot.

    August 15, 1999 – Wins his first PGA championship.

    June 18, 2000 – Wins his first US Open by 15 strokes, the largest margin in US Open history.

    July 23, 2000 – Wins his first British Open.

    September 14, 2000 – Signs a five-year endorsement contract with Nike. It is worth an estimated $85 million, making it the richest endorsement contract in sports history, at the time.

    June 16, 2002 – Wins his second US Open.

    December 8, 2003 – Named PGA Player of the Year for the fifth straight year.

    May 13, 2005 – Woods fails to make the cut at the Byron Nelson Championship in Irving, Texas. It is the first time since 1998 that Woods is eliminated from a tournament.

    November 23, 2005 – Wins the PGA Grand Slam of Golf for a record-breaking sixth time.

    February 10, 2006 – Opens the Tiger Woods Learning Center in Anaheim, California.

    May 3, 2006 – Woods’ father, Earl Woods, dies of prostate cancer.

    July 23, 2006 – Wins his third British Open.

    August 20, 2006 – Wins his third PGA Championship.

    August 12, 2007 – Wins his fourth PGA Championship.

    April 15, 2008 – Undergoes arthroscopic surgery on his left knee. He had two prior surgeries on the same knee, first in 1994 to remove a benign tumor, and another arthroscopic surgery in December 2002.

    June 16, 2008 – Wins the US Open in sudden death, defeating Rocco Mediate.

    June 18, 2008 – Woods announces that he will undergo reconstructive anterior cruciate ligament (ACL) surgery on his left knee and will miss the remainder of the PGA tour season.

    February 26, 2009 – After an eight-month hiatus from golf due to knee surgery, Woods plays the second round of the World Golf Championships Match Play and loses to Tim Clark.

    November 15, 2009 – Wins the Australian Masters.

    November 27, 2009 – Is taken to a hospital after being injured in a car accident in front of his home in Florida. He is released later the same day.

    December 2, 2009 – Woods apologizes for “transgressions” that let his family down – the same day a gossip magazine publishes a report alleging he had an affair. He does not admit to an affair and offers no details about the “transgressions” in his statement.

    February 19, 2010 – Makes a televised statement apologizing for being unfaithful to his wife and letting down both fans and family. “I had affairs, I cheated. What I did was not acceptable, and I am the only person to blame,” he says. Responding to rumors, Woods says that his wife never hit him, as some media reported in connection with the car crash on November 27, 2009, and that there has “never been an episode of domestic violence” in his relationship with his wife. Woods also says that he entered a rehabilitation center for 45 days, from the end of December to early February, and that he will continue to receive treatment and therapy.

    October 31, 2010 – After 281 straight weeks, the longest in Official World Golf Ranking history, Woods loses his No. 1 ranking to Lee Westwood.

    2010 – Loses about $20 million from estimated endorsements after sponsors including Gatorade, AT&T and Accenture end ties. Other sponsors including Nike, Upper Deck and EA Sports remain with Woods.

    June 7, 2011 – Announces he will miss the US Open due to knee and Achilles tendon injuries.

    July 19, 2011 – Woods announces that after a 12-year relationship, he and caddie Steve Williams will no longer be working together.

    August 4, 2011 – Returns to golf at the Bridgestone Invitational, after a nearly three-month break.

    August 11, 2011 – Plays one of his worst first rounds of golf in a major championship. He fails to make the cut at the PGA Championship for the first time in his career.

    October 3, 2011 – For the first time in 15 years, Woods does not make it onto golf’s top 50 players list, according to the official World Golf Ranking.

    October 5, 2011 – Signs a new endorsement deal with Swiss watch-maker Rolex.

    March 25, 2012 – Earns his first PGA Tour win since September 2009, in the Arnold Palmer Invitational in Orlando.

    June 3, 2012 – With his win at the Memorial Tournament, ties Jack Nicklaus with 73 PGA Tour victories.

    July 2, 2012 – Beats Nicklaus’ PGA Tour record with the AT&T National win. Woods’ 74th PGA Tour win ranks him in second place on the all-time list.

    September 3, 2012 – Becomes the first PGA tour participant to earn $100 million.

    March 25, 2013 – Woods wins the Arnold Palmer Invitational for the eighth time, and regains the No. 1 spot.

    March 31, 2014 – Woods undergoes back surgery for a pinched nerve.

    August 23, 2015 – Posts a top 10 finish at his debut at the Wyndham Championships but ends his season as the 257th ranked player in the world. His finish was four shots off eventual winner Davis Love III. Woods has now missed the cut for three majors in a row.

    December 1, 2015 – Announces that he underwent his third microdiscectomy surgery last month – a procedure to remove bone around a pinched nerve to allow space for it to heal – and admits he has no idea when he will be back on the course.

    July 20, 2016 – It is announced that Woods will miss the PGA Championship due to his continued recovery from back surgery. This marks the first time in his career that he has missed all four major championships.

    December 4, 2016 – Woods finishes 14 shots behind the winner in the Hero World Challenge, his first competitive event in more than a year.

    May 29, 2017 – Woods is arrested on suspicion of DUI in Jupiter, Florida. He says in a statement that he had “an unexpected reaction to prescribed medications” and that alcohol was not involved.

    June 19, 2017 – Woods announces that he is receiving professional help to manage medication for back pain and a sleep disorder.

    July 3, 2017 – Announces that he has completed an intensive program for managing his medications.

    October 27, 2017 – Woods pleads guilty to reckless driving. His 12-month probation is contingent on completing any recommended treatment including DUI school, 50 hours of community services and random drug and alcohol testing.

    December 3, 2017 – Making his long-awaited return from a fourth back surgery – his first tournament for 301 days since pulling out of the Dubai Desert Classic in February – Woods finishes in a tie for ninth place in the Hero World Challenge tournament in the Bahamas.

    September 23, 2018 – Wins the Tour Championship at Atlanta’s East Lake Golf Club, for his first PGA Tour victory since August 2013 and his 80th overall.

    April 14, 2019 – Wins his fifth Masters and 15th major title.

    May 6, 2019 – President Donald Trump presents Woods with the Presidential Medal of Freedom, the nation’s highest civilian honor, during a White House ceremony.

    October 27, 2019 – Wins his record-equaling 82nd PGA Tour title at the Zozo Championship in Chiba, Japan. Woods is tied with legendary golfer Sam Snead, who won 82 titles throughout his more than 50-year career.

    May 24, 2020 – Woods and Peyton Manning defeat Phil Mickelson and Tom Brady by one stroke in “The Match: Champions for Charity” golf tournament at the Medalist Golf Club in Hobe Sound, Florida. The event raises over $20 million for coronavirus relief efforts and captures an average of 5.8 million viewers to become the most-watched golf telecast in the history of cable television.

    February 23, 2021 – Woods is hospitalized after a serious one-car rollover accident in Los Angeles County, according to the LA County Sheriff’s Department. Wood’s agent Mark Steinberg said the golfer suffered “multiple leg injuries” and was in surgery following the accident. The next day, Woods is “awake, responsive, and recovering” in the hospital after emergency surgery on his lower right leg and ankle at the Harbor-UCLA Medical Center. The leg fractures were “comminuted,” meaning the bone was broken into more than two parts, and “open,” meaning the broken bone was exposed to open air, creating risk of an infection, Chief Medical Officer Dr. Anish Mahajan says in the statement.

    November 29, 2021 – In an exclusive interview published in Golf Digest, Tiger Woods speaks publicly about his golfing future for the first time since his car crash. “I think something that is realistic is playing the tour one day, never full time, ever again, but pick and choose, just like Mr. (Ben) Hogan did,” Woods tells interviewer Henni Koyack.

    March 9, 2022 – Woods is inducted into the World Golf Hall of Fame at the PGA Tour headquarters in Florida.

    April 7, 2022 – Tees off in the first round of the Masters, his first tournament in 14 months, completing a remarkable comeback after sustaining serious leg injuries in his February 2021 car crash.

    October 2022 – Erica Herman, a former girlfriend of Woods, files a complaint in Martin County, Florida after their six-year relationship comes to end. Herman alleges a trust owned by Woods violated the Florida Residential Landlord Tenant Act by breaking the oral tenancy agreement. On March 6, 2023, Herman files a second complaint aimed at nullifying the NDA she signed in 2017. On May 17, 2023, a Florida judge rules against Herman, calling her claims that the NDA is invalid and unenforceable “implausibly pled.” In June 2023, Herman drops her lawsuit alleging a trust owned by Woods violated the Florida Residential Landlord Tenant Act. In November 2023, Herman drops her appeal to nullify the NDA.

    April 19, 2023 – Announces he has completed “successful” surgery on his ankle following his withdrawal from The Masters earlier this month.

    [ad_2]

    Source link

  • Wilbur Ross Fast Facts | CNN Politics

    Wilbur Ross Fast Facts | CNN Politics

    [ad_1]



    CNN
     — 

    Here’s a look at the life of former Commerce Secretary Wilbur L. Ross Jr.

    Birth date: November 28, 1937

    Birth place: Weehawken, New Jersey

    Birth name: Wilbur Louis Ross Jr.

    Father: Wilbur Louis Ross Sr., a lawyer

    Mother: Agnes (O’Neill) Ross, a teacher

    Marriages: Hilary (Geary) Ross (October 9, 2004); Betsy (McCaughey) Ross (December 7, 1995-August 2000, divorced); Judith (Nodine) Ross (May 26, 1961-October 1995, divorced)

    Children: with Judith Nodine: Jessica and Amanda

    Education: Yale University, A.B., 1959, Harvard University, M.B.A., 1961

    He was called the “King of Bankruptcy,” as he built new companies from the assets of defaulted ones.

    Ross was known for investing in distressed companies in a wide range of industries including auto parts, steel, textiles and financial services.

    1976-2000 – Works for the investment bank Rothschild Inc. During his tenure, he becomes a top bankruptcy adviser.

    January 1998 – Pledges $2.25 million towards then-wife and Lt. Governor Betsy McCaughey Ross’ campaign for governor of New York. He withdraws the funding in September and files for divorce in November.

    2000 – Purchases a small fund he started at Rothschild and opens his own private equity firm, WL Ross & Co. LLC.

    2002 – Establishes the International Steel Group (ISG), with himself as chairman of the board, through a series of mergers and acquisitions starting with Bethlehem Steel Corp.

    December 2003 – ISG goes public.

    2004 – Forms the International Coal Group (ICG) after purchasing the assets of Horizon Natural Resources in a bankruptcy auction.

    October 2004 – Merges ISG with Mittal Steel for $4.5 billion.

    January 2, 2006 – Twelve miners are killed after an explosion at a West Virginia mine operated by an ICG subsidiary. Families of the dead and Randal McCloy, the lone survivor, sue ICG and WL Ross claiming negligence. All of the lawsuits are settled by November 2011.

    April 2010 – Purchases a 21% stake in Richard Branson’s Virgin Money. In November 2011, Ross helps Branson fund a successful bid for the British bank Northern Rock.

    August 2, 2010 – During an interview with Charlie Rose, Ross states that he’s fine with higher taxes on the wealthy as long as the government puts the money to good use.

    June 2011 – Arch Coal, Inc. acquires ICG for $3.4 billion.

    September 2011 – WL Ross is one of five US and Canadian companies that purchase a 34.9% stake in the Bank of Ireland. Ross’ share is reportedly 9.3%.

    March 21, 2016 – Nexeo Solutions, a chemical distribution company, announces their merger agreement with WL Ross Holding Corporation. The merger is valued at nearly $1.6 billion.

    August 24, 2016 – The Securities and Exchange Commission announces that WL Ross will pay a $2.3 million fine for failing to properly disclose fees it charged.

    November 30, 2016 – Ross announces in a CNBC interview that President-elect Donald Trump has asked him to serve as his commerce secretary.

    February 27, 2017 – The Senate confirms Ross as commerce secretary by a 72-27 vote. He is sworn in the next day.

    November 5, 2017 – The New York Times reports that Ross has financial ties to a shipping company whose clients include a Russian energy company co-owned by Russian President Vladimir Putin’s son-in-law. Another customer of the shipping company is Venezuela’s state-run oil company, which has been sanctioned by the US government. The information comes from the Paradise Papers, a release of 13.4 million leaked documents.

    November 7, 2017 – Two days after the Paradise Papers are released, Forbes reports that Ross inflated his net worth to be included in the magazine’s annual list of the world’s wealthiest individuals. His name is removed from the magazine’s website. An investigation by the magazine reveals that Ross has likely been providing inaccurate financial information since 2004. Ross claims that the magazine overlooked trusts for his family while tallying his fortune.

    March 2, 2018 – During an appearance on CNBC, Ross says the Trump administration’s steel and aluminum tariffs won’t hurt consumers. He holds up a can of Campbell’s soup as he explains that the price of soup will go up less than a penny due to the tariffs.

    March 26, 2018 – Ross announces that a citizenship question will be added to the 2020 census.

    July 12, 2018 – Ross admits to “errors” in failing to divest assets required by his government ethics agreement and says he will sell all his stock holdings. The admission comes after the Office of Government Ethics took Ross to task for what it said were inconsistencies in his financial disclosure forms.

    September 21, 2018 – A federal judge rules that Ross must sit for a deposition in a lawsuit regarding his department’s decision to include a question about citizenship in the 2020 census. The US Supreme Court later blocks the deposition.

    December 19, 2018 – The Center for Public Integrity reports that Ross failed to sell a bank stock holding within the required time frame after his 2017 confirmation and subsequently signed ethics documents indicating the holding had been sold.

    February 15, 2019 – Ross’ financial disclosure form is rejected by the Office of Government Ethics. Ross later releases a statement saying, “While I am disappointed that my report was not certified, I remain committed to complying with my ethics agreement and adhering to the guidance of Commerce ethics officials.”

    June 27, 2019 – The Supreme Court issues a 5-4 ruling that blocks the citizenship question from being added to the census.

    July 17, 2019 – The House votes to hold Ross in criminal contempt over a dispute related to the citizenship question on the census. Attorney General William Barr is also held in contempt. Ross releases a statement in which he dismisses the vote as a political stunt. “House Democrats never sought to have a productive relationship with the Trump Administration, and today’s PR stunt further demonstrates their unending quest to generate headlines instead of operating in good faith with our Department.”

    July 18, 2020 – A department spokesman says that Ross has been hospitalized for “minor, non-coronavirus related issues.” On July 27, the Commerce Department says Ross has been released from the hospital.

    September 28, 2020 – Ross announces that he intends to conclude the 2020 census on October 5. This is more than three weeks earlier than expected and against the October 31 court reinstated end date. Ross asks Census Bureau officials if the earlier date would effectively allow them to produce a final set of numbers during Trump’s current term in office, according to an internal email released the following day as part of a lawsuit.

    October 13, 2020 – The Supreme Court grants a request from the Trump administration to halt the census count while an appeal plays out over a lower court’s order that it continue. The Census Bureau announces that the count is ending on October 15.

    July 19, 2021 – According to a letter made public from Commerce Department Inspector General Peggy Gustafson to Democratic lawmakers, the Justice Department decides to decline prosecution of Ross for misrepresentations he made to Congress about the origins of the Trump administration’s failed push to add a citizenship question to the 2020 census.

    [ad_2]

    Source link

  • Rahm Emanuel Fast Facts | CNN

    Rahm Emanuel Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at US Ambassador to Japan and former Chicago Mayor Rahm Emanuel.

    Birth date: November 29, 1959

    Birth place: Chicago, Illinois

    Birth name: Rahm Israel Emanuel

    Father: Benjamin Emanuel, a pediatrician

    Mother: Martha (Smulevitz) Emanuel, a psychiatric social worker

    Marriage: Amy Rule (1994-present)

    Children: Leah, Ilana and Zach

    Education: Sarah Lawrence College, B.A., Liberal Arts, 1981; Northwestern University, M.A. Speech and Communication, 1985

    Religion: Jewish

    Emanuel’s father is Israeli, and his mother is American.

    Emanuel worked at Arby’s during high school. Part of his finger had to be amputated after a cut from a meat slicer became severely infected.

    Took ballet in high school and received a scholarship to study dance at the Joffrey Ballet School, attended Sarah Lawrence instead.

    Maintained dual American-Israeli citizenship until the age of 18.

    Is sometimes called “Rahmbo” by news outlets such as the Economist and Salon for his tough, no-nonsense approach to politics and fundraising.

    1980 – Works as a fundraiser on David Robinson’s congressional campaign for Illinois’ 20th district, in Chicago.

    1984 – Works on Paul Simon’s campaign for US Senate.

    1988Serves as national campaign director of the Democratic Congressional Campaign Committee.

    1989 Chief fundraiser and senior adviser for Richard M. Daley’s campaign for mayor of Chicago.

    1991-1992 – Serves as national finance director for the Bill Clinton/Al Gore presidential campaign.

    1993-1998 – Serves as a senior adviser to President Clinton, including roles as deputy director of communications, executive assistant, senior adviser on policy and strategy and senior adviser on political affairs.

    1999-2002Managing director of investment bank Dresdner Kleinwort Wasserstein in Chicago.

    February 2000-May 2001Member of the Freddie Mac board of directors.

    November 5, 2002 – Wins election to the US House of Representatives for Illinois’ 5th District; is re-elected in 2004, 2006, and 2008.

    November 5, 2008 – Is named White House chief of staff for President-elect Barack Obama.

    December 29, 2008Announces he will resign his seat in the House of Representatives.

    January 20, 2009-October 1, 2010 – Serves as White House chief of staff.

    October 1, 2010 Resigns as White House chief of staff and moves back to Chicago.

    November 13, 2010 – Formally announces that he is running for mayor of Chicago.

    January 24, 2011An Illinois appellate court panel rules that Emanuel does not meet the residency standard to run for mayor.

    January 25, 2011The Illinois Supreme Court grants a stay on the appeals court ruling, and orders that any ballots printed include Emanuel’s name while the case is pending.

    January 27, 2011 – The Illinois Supreme Court issues a ruling allowing Emanuel’s name on the Chicago mayoral ballot.

    February 22, 2011 – With 55% of the vote, Emanuel is elected the 46th and first Jewish mayor of Chicago.

    May 16, 2011 Is sworn in at the Pritzker Pavilion in Millennium Park.

    February 5, 2013 – Reports for jury duty but is ultimately dismissed. He says he’ll donate his $17 paycheck back to Cook County.

    April 7, 2015 – Is reelected mayor of Chicago.

    September 4, 2018 – Emanuel announces that he will not seek reelection to a third term as mayor of Chicago.

    May 21, 2019 – The day after he leaves the mayor’s office, Emanuel signs a deal with ABC News to become an on-air contributor, two people familiar with the matter tell CNN. The Atlantic also announces his new role at the magazine as a contributing editor.

    June 5, 2019 – Emanuel announces he will be joining the investment bank Centerview Partners, LLC. He will open a Chicago office and act as an adviser to the firm’s clients.

    August 20, 2021 – President Joe Biden announces his intention to nominate Emanuel as ambassador to Japan.

    December 18, 2021 – Is confirmed as the US ambassador to Japan by a vote of 48-21, with 31 senators not voting, ending a months-long Republican-led blockade on quick consideration of more than three dozen diplomatic nominations.

    [ad_2]

    Source link

  • Screen Actors Guild Fast Facts | CNN

    Screen Actors Guild Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at the Screen Actors Guild. In 2012, a merger was completed between the Screen Actors Guild (SAG) and the American Federation of Television and Radio Artists (AFTRA). The SAG-AFTRA labor union has more than 160,000 members.

    June 30, 1933 – Articles of incorporation are filed. The guild is formed to get better working conditions for actors.

    1935 – Granted an American Federation of Labor charter.

    May 1937 – In order to prevent a strike, producers sign a contract with the guild ensuring minimum pay and recognizing the guild.

    1943 – Actress Olivia de Havilland sues Warner Brothers studio for extending her contract. She later wins her case.

    1945 – The US Supreme Court hands down the “de Havilland decision,” which declares that studios may no longer hold contract players for more than seven years. This breaks up the system of the studio maintaining control over an actor’s career.

    1952 – The Guild signs its first contracts for filmed television programs.

    December 1, 1952-February 18, 1953 – The first SAG strike is over filmed television commercials. The strike ends with a contract that covers all work in commercials.

    August 5-15, 1955 – SAG holds its second strike. This time for increased television show residuals.

    March 7, 1960-April 18, 1960 – Third strike over residuals for feature films sold, licensed, or released to television.

    December 19, 1978-February 7, 1979 – SAG strikes for better residuals on television advertisements.

    July 21, 1980-October 23, 1980 – SAG strikes with the American Federation of Television and Radio Artists (AFTRA). This strike centers on the distribution of profits from pay television and video cassette production.

    March 21, 1988-April 15, 1988 – SAG and AFTRA television commercials strike. The strike is over payment for commercials appearing on cable TV.

    February 25, 1995 – The first annual Screen Actors Guild Awards show is held.

    May 1, 2000-October 30, 2000 – SAG and AFTRA strike against the advertising industry over commercial work compensation for basic cable and internet.

    July 1, 2008 – SAG’s TV/theatrical agreement expires.

    November 22, 2008 – Talks between SAG and the Alliance of Motion Picture & Television Producers (AMPTP) end after federal mediation fails to jumpstart a five-month stalemate.

    January 26, 2009 – SAG chief negotiator Doug Allen is fired in a bid by the union’s moderate faction to re-enter contract talks with the studios.

    April 19, 2009 – SAG leadership split 53% – 47% to accept a new two-year contract with AMPTP.

    June 9, 2009 – Members ratify the two-year contract covering television and motion pictures.

    January 29, 2012 – Ken Howard, president of the guild, announces during the SAG Awards, that the merger between SAG and AFTRA has been approved by both groups.

    March 30, 2012 – The merger of SAG and AFTRA is completed with more than 80% approval from both unions. The one union is named SAG-AFTRA.

    January 27, 2013 – The first SAG Awards are held under the union banner “SAG-AFTRA One Union.”

    March 23, 2016 – SAG-AFTRA President Ken Howard dies. Executive Vice President Gabrielle Carteris assumes his duties until the regularly scheduled national board meeting April 9.

    April 9, 2016 – Carteris is elected president. She will serve the balance of Howard’s unexpired term, which ends in 2017.

    August 24, 2017 – Carteris is elected to a two-year term as president.

    February 10, 2018 – SAG-AFTRA introduces new guidelines for members, called “Four Pillars of Change,” aimed at fighting sexual harassment in the workplace.

    September 2, 2021 – Actress Fran Drescher is elected to a two-year term as president.

    July 14, 2023 – SAG-AFTRA goes on strike after talks with major studios and streaming services have failed. It is the first time its members have stopped work since 1980. On November 8, SAG-AFTRA and the studios reach a tentative agreement, officially ending the strike.

    Ralph Morgan 1933, 1938-1940
    Eddie Cantor 1933-1935
    Robert Montgomery 1935-1938, 1946-1947
    Edward Arnold 1940-1942
    James Cagney 1942-1944
    George Murphy 1944-1946
    Ronald Reagan 1947-1952, 1959-1960
    Walter Pidgeon 1952-1957
    Leon Ames 1957-1958
    Howard Keel 1958-1959
    George Chandler 1960-963
    Dana Andrews 1963-1965
    Charlton Heston 1965-1971
    John Gavin 1971-1973
    Dennis Weaver 1973-1975
    Kathleen Nolan 1975-1979
    William Schallert 1979-1981
    Ed Asner 1981-1985
    Patty Duke 1985-1988
    Barry Gordon 1988-1995
    Richard Masur 1995-1999
    William Daniels 1999-2001
    Melissa Gilbert 2001-2005
    Alan Rosenberg 2005-2009
    Ken Howard 2009-2016
    Gabrielle Carteris-2016-2021
    Fran Drescher 2021-present

    [ad_2]

    Source link

  • Chuck Schumer Fast Facts | CNN

    Chuck Schumer Fast Facts | CNN

    [ad_1]



    CNN
     — 

    Here’s a look at the life of Chuck Schumer, the US Senate majority leader and Democratic senator from New York.

    Birth date: November 23, 1950

    Birth place: Brooklyn, New York

    Birth name: Charles Ellis Schumer

    Father: Abe Schumer, exterminator

    Mother: Selma (Rosen) Schumer

    Marriage: Iris Weinshall (1980-present)

    Children: Jessica, Alison

    Education: Harvard University, A.B., 1971; Harvard Law School, J.D., 1974

    Religion: Jewish

    He was valedictorian at James Madison High School in Brooklyn and received a perfect 1600 score on the SAT test. He edited his high school newspaper, and at one point considered pursuing a career in chemistry. His parents encouraged him to go to medical school, but he opted for law school instead.

    He funded his Harvard education by selling class rings while in school.

    For more than three decades, Schumer shared an aging row house in Washington with Congressional colleagues, including Dick Durbin and George Miller. He lived in the row house during the week and returned to his family home in Brooklyn on weekends.

    Writer/actress Amy Schumer is his second cousin, once removed.

    1975-1980 – New York state assemblyman.

    1981-1999 – US representative from New York 9th District (formerly 10th District and 16th District).

    1987-1988 – Sponsors the Fair Credit and Charge Card Disclosure Act, which requires credit card companies to list detailed information about fees and interest rates when soliciting new customers. The credit card disclosures are nicknamed “Schumer Boxes.”

    1993-1994 – Sponsors the Brady Handgun Violence Prevention Act, which requires background checks and a five-day waiting period for handgun purchases. Sponsors the Religious Freedom Restoration Act, meant to prevent the government from interfering with an individual’s right to express his or her faith. Also, cosponsors the Violent Crime Control and Law Enforcement Act, a measure that provides funding to expand police departments, increases prison capacity and allows judges to impose longer sentences for violent crimes. The crime bill includes an assault weapons ban, prohibiting the sale of certain types of military-style semi-automatic rifles for 10 years.

    1998 – Wins election to US Senate.

    2004 – Wins reelection to the US Senate.

    2004 – Leads an unsuccessful push to renew the assault weapons ban.

    2005-2008 – Chairs the Democratic Senatorial Campaign Committee.

    2007-2008 – Introduces the Keeping the Internet Devoid of Sexual Predators Act, requiring registered sex offenders to give law enforcement their email addresses and social media accounts so their online activity can be tracked.

    2007-2010 – Chairs and vice chairs the US Senate’s Joint Economic Committee.

    2009 – Cosponsors the Matthew Shepard and James Byrd Hate Crimes Prevention Act, broadening the definition of hate crimes to include acts of violence against individuals based on their actual or perceived gender, disability, sexual orientation or gender identity.

    2009-present – Serves on the US Senate Committee on Rules and Administration.

    2010 – Wins reelection to US Senate.

    2011-present – Chairman of the US Senate’s Democratic Policy and Communications Committee.

    2013 – Works on immigration reform as a member of the bipartisan “Gang of Eight.” The group’s bill, the Border Security, Economic Opportunity and Immigration Modernization Act of 2013, passes the Senate. The House, however, declines to vote on the package, which creates a pathway to citizenship for undocumented immigrants.

    August 3, 2015 – Holds a joint press conference with his cousin, actress and comedian Amy Schumer, to announce gun control legislation promoting stricter state background check laws. The press conference takes place 11 days after a deadly mass shooting at a screening of Schumer’s comedy, “Trainwreck,” in Louisiana. Schumer’s bill, the Fix Gun Checks Act of 2016, stalls in the Senate.

    August 6, 2015 – Expresses his opposition to the nuclear deal with Iran in a statement. He says that he is concerned about a 24-day delay for inspectors to access facilities and other limitations on inspections.

    November 8, 2016 – Wins reelection to the US Senate.

    November 16, 2016 – Senate Democrats choose Schumer to succeed Harry Reid as leader in the chamber.

    January 3, 2017 – On his first day as Senate minority leader, Schumer tells CNN that Senate Democrats plan to hold President-elect Donald Trump accountable but will also work with him if he supports legislation that is true to the Democratic Party’s principles.

    March 2, 2017 – Schumer calls on Attorney General Jeff Sessions to resign in the wake of a report that Sessions met with the Russian ambassador to the US during the presidential campaign, contradicting his testimony during his Senate confirmation hearing. Sessions does not resign but recuses himself from involvement in the investigation into alleged Russian meddling in the 2016 election.

    September 6, 2017 – Schumer meets with Trump and other congressional leaders in the Oval Office. During the meeting, Trump agrees to endorse a plan to attach hurricane relief money to a three-month extension of the debt ceiling that was proposed by Schumer and House Minority Leader Nancy Pelosi.

    January 19, 2018 – Schumer meets with Trump at the White House to discuss a deal that could avert a looming government shutdown. Schumer offers to increase military spending and fully fund border security measures in exchange for a pledge to protect beneficiaries of the Deferred Action on Childhood Arrivals program (DACA). Trump ultimately rejects the deal. The failed negotiations lead to a brief shutdown that White House officials label the “Schumer Shutdown.”

    June 27, 2018 Schumer introduces a bill, the Marijuana Freedom and Opportunity Act, that would decriminalize and regulate marijuana at the federal level.

    November 11, 2018 – Schumer says that Democrats may combine a must-pass spending bill with a measure protecting the Robert Mueller special counsel investigation into Russian election meddling.

    November 10, 2020 – Schumer is reelected as a Senate party leader.

    January 20, 2021-present – Senate majority leader.

    July 14, 2021 – Schumer and a group of other Senate Democrats introduce draft legislation that would decriminalize marijuana at the federal level by striking it from the federal controlled substances list.

    November 8, 2022 – Wins reelection to the US Senate.

    [ad_2]

    Source link

  • Interest rates are high. These are the best places to park your cash | CNN Business

    Interest rates are high. These are the best places to park your cash | CNN Business

    [ad_1]

    Editor’s Note: This is an update of an article that originally ran on September 20, 2023.


    New York
    CNN
     — 

    The Federal Reserve on Wednesday chose not to raise its key interest rate, the same decision it took following its September meeting, leaving its benchmark lending rate at its highest level in 22 years.

    Given that the Fed influences — directly or indirectly — interest rates on financial accounts and products throughout the US economy, savers and people with surplus cash still have many opportunities to get a far better return on their money than they’ve had in years — and even more importantly, a return that outpaces the latest readings on inflation.

    Here are low-risk options to get the best yield on funds you plan to use within two years, and also on cash you expect to need within the next two to five years.

    The average annual percentage yield on bank savings accounts was just 0.59%, according to an October 31 survey from Bankrate. That average is kept low by a nearly zero APY at the biggest brick-and-mortar banks like JPMorgan Chase and Bank of America, which were each offering rates of just 0.01%.

    But many online, FDIC-insured banks are offering well north of 5% on their high-yield savings accounts.

    Those accounts are a great place to deposit money that you will likely deploy within the next two years — to cover anything from a planned vacation or big purchase to an emergency expense or an unexpected change of circumstance like a job loss.

    While bank deposit account yields can change overnight, they have remained high for months and are likely to continue to do so. “In the last few months, the Fed has signaled that it intends to keep rates higher for longer. … Some banks have responded to this new ‘higher for longer’ expectation by offering promotional rate guarantees on their savings or money market accounts. In the guarantee, a competitive rate is guaranteed to last for several months on the savings or money market account,” said Ken Tumin, founder of DepositAccounts.com.

    An online savings account is what certified financial planner Lazetta Rainey Braxton, co-CEO at 2050 Wealth Partners, calls your “cushion” account. She likes the word “cushion” because it describes the flexibility and options such an account gives you to handle both what you want to do in the near term and what you might need to do.

    Another way high-yield accounts can be useful, Braxton said, is to house money you’ll need to pay off a purchase for which you’ve secured a 0% financing deal for a limited period of time. In that case, you won’t owe interest on your purchase so long as you pay it off in full before the end of the promotion period, which can be anywhere from six to 24 months. In the meantime, the money can grow by 4% to 5% a year in your high-yield account.

    For your regular household bills, Braxton recommends keeping just enough cash to cover a month or two in a regular checking account for fastest access. “Not too much, because [those accounts] won’t yield much,” she said.

    You can always link your high-yield account to your checking account to transfer funds when needed — just know it may take up to 24 hours for the transferred money to show up in your checking account, Braxton noted.

    Money market accounts and funds

    If you don’t want to set up an online savings account at another bank, your own bank may offer you a money market deposit account that pays a higher yield than your regular checking or savings accounts.

    Money market accounts may have higher minimum deposit requirements than a regular savings account, but they are more liquid than a fixed-term certificate of deposit or Treasury bill, meaning they give you access to your money more quickly while still potentially giving you some of the highest yields available, said Doug Ornstein, senior manager for integrated solutions at TIAA Wealth Management.

    But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low- risk debt instruments. As of Oct 31, they had an average 7-day yield of 5.19%, according to the Crane Money Fund Index, which tracks the top 100 taxable money market funds.

    Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC. But if you invest in a money market fund through a brokerage, your overall account is likely to be insured through the Securities Investor Protection Corp (SIPC), which offers protection in the event your brokerage ever goes under.

    Another high-return, low-risk investment that is great for money you likely won’t need to tap for a few months or even a couple of years are certificates of deposit.

    You can get the best returns on CDs through a brokerage such as Schwab, E*Trade or Fidelity. That’s because you can comparison shop for CDs from any number of FDIC-insured banks and will not have to set up individual accounts with each institution.

    To get the greatest benefit from a CD, you have to leave the money invested for a fixed period. You can always access your principal sooner if you need to, but if you do you will forfeit at least some interest.

    As of November 1, CDs listed on Schwab.com with durations of three months, six months, nine months, one year and 18 months were all yielding at least 5.5% .

    Say you invest $10,000 in a six-month CD with a 5.5% APY. At the end of that period, you’ll get your principal back plus nearly $274 in interest when the CD matures, according to Bankrate’s CD calculator. If you put it in a one-year CD you’d earn $555 in interest, while an 18-month term will generate $844.

    If you don’t go through a brokerage you may get a reasonable deal from your primary bank. Tumin said. For example, he noted, Citi came out with an 11-month CD Special with a rate of up to 5.65% APY. But he cautions that with any big bank CD you should take your money out at the end of the term, otherwise your bank may automatically renew it and lock you in to a much lower-yielding CD.

    Another option for money you can leave untouched anywhere from several months to a few years are short-term Treasury bills, which are backed by the full faith and credit of the United States.

    Three- and six-month bills had yields of 5.46% and 5.54% respectively on November 1, while nine-month and one-year bills were offering 5.46% and 5.43%, according to rates posted on Schwab.com for a $25,000 investment.

    If you’re someone who manages your portfolio like a hawk, you may feel comfortable buying T-bills on your own from TreasuryDirect.gov. But if you don’t, it might be easier just to buy new issues through your brokerage account or invest in a short-term bond index fund or ETF, said Andy Smith, executive director of financial planning at Edelman Financial Engines.

    And if you’re looking at money that will be needed in three to five years, you might consider a diversified fund of highly rated government and corporate bonds, Ornstein said. Yields on four-year, AAA rated corporate bonds, for instance, were yielding 4.97% this week, and three-year AAA-rated municipal bonds (which are issued by local governments) had rates of 4.59%, according to Schwab.com.

    When deciding on the best accounts and investments for your specific goals and peace of mind, it may pay to consult a fee-only fiduciary adviser — meaning someone who doesn’t get paid a commission to sell you a particular investment.

    What you’ll always want to do is build in flexibility for yourself so you can easily access cash, regardless of your timeline for key goals. “What happens if something changes and you need that down payment a lot sooner — or your parents need medical care fast?” Smith said.

    That means balancing your desire for great yield with a need and desire for ease of access without penalty. Translation: Don’t chase yield for yield’s sake.

    Think of it this way, Ornstein said: Unless you have huge sums to invest or are an institutional investor, the difference between getting a 5.1% yield versus 5% is negligible, and in fact it could even cost you more if there are penalties for taking your money out early. “Most of the time convenience is really important. Give up the 0.1%,” he advised.

    [ad_2]

    Source link

  • GM self-driving car subsidiary withheld video of a crash, California DMV says | CNN Business

    GM self-driving car subsidiary withheld video of a crash, California DMV says | CNN Business

    [ad_1]



    CNN
     — 

    The California Department of Motor Vehicles Tuesday revoked Cruise’s permits to test and operate fully driverless vehicles on the state’s roads. The California DMV said, in part, it was because Cruise, which is GM’s self-driving vehicle technology subsidiary, withheld video and information about a crash involving a pedestrian.

    The suspension applies only to vehicles with no “safety driver,” meaning there is no one in the driver’s seat ready to take over the controls if needed.

    The agency also indicated that Cruise had “misrepresented… information related to safety of the autonomous technology of its vehicles.”

    For those reasons, the California DMV wrote, it was necessary to revoke the company’s permits. The DMV notice did not specify exactly what incidents or communications from Cruise led to the suspensions.

    About three weeks ago, a Cruise vehicle hit a pedestrian in downtown San Francisco who had first been hit by another vehicle then and was propelled by this collision into the path of the Cruise driverless car. After striking the pedestrian a second time, the Cruise vehicle, attempting to pull off the road and out of the way of traffic, dragged the pedestrian along the road for 20 feet at a speed at about seven miles an hour, according to the DMV’s report.

    “Our thoughts continue to be with the victim as we hope for a rapid and complete recovery,” Cruise wrote in an emailed statement. A San Francisco Fire Department spokesperson said at the time that victim had multiple serious injuries.

    Cruise claims that it proactively reached out both state and federal safety regulators following that incident. Regulators at the National Highway Traffic Safety Administration opened an investigation into the safety of Cruise autonomous vehicles around pedestrians.

    The DMV alleges that Cruise did not tell regulators that the car dragged the pedestrian across the roadway while attempting to pull over following the impact. Also, the DMV’s order of suspensions indicates that the video Cruise provided of the incident, taken by the self-driving car’s on-board cameras, stopped shortly after the car hit the pedestrian and did not show the dragging. Cruise did not provide a longer video showing the entire incident until 10 days later, after DMV had learned of the pedestrian being dragged “from another government agency.”

    A video of the incident shown to a CNN reporter shortly after it occurred also did not show the pedestrian being dragged.

    In a statement shared with CNN on Wednesday, Cruise denied that it had withheld any video from the DMV and said that it shared a full video with the agency when the incident was first reported.

    “The DMV has provided Cruise with the steps needed to apply to reinstate its suspended permits, which the DMV will not approve until the company has fulfilled the requirements to the department’s satisfaction,” the agency sad in the notice posted to its web site.

    This summer, Cruise and Waymo, the driverless car arm of Google-parent Alphabet received permission from San Francisco regulators to begin regular paid driverless taxi services in that city.

    Cruise will continue operations of its driverless fleets in Phoenix, Arizona and Austin, Texas.

    [ad_2]

    Source link