Saturday, April 17, 2021

Fact Check

On whether he supports the filibuster.

North Carolina State Sen. Jeff Jackson, a Democrat, speaks to Spectrum News anchor Tim Boyum about his U.S. Senate campaign on Jan. 26, 2021.Source...

President Joe Biden’s American Relief Plan “has a lot of money in it for schools, but if you really look at it … it...

Kindergarten students at Maurice Sendak Elementary School in Los Angeles on April 13, 2021. (AP)Source link

"Kids in cages" in border facilities are "at 700% capacity."

Newly arrived migrant children inside a temporary federal facility for unaccompanied minors in Donna, Texas, on March 30, 2021. (APSource link

NO FUE REAL: Una mirada a lo que no sucedió esta semana

CIUDAD DE MÉXICO (AP) — Un resumen de las historias e imágenes más populares, pero completamente falsas de la semana. Ninguna de éstas es...

“There is racism physically built into some of our highways.”

The Overtown neighborhood in Miami, Fla. (Pietro, Creative Commons)Source link

NOT REAL NEWS: A look at what didn’t happen this week

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though...

US Politics
Latest

Cruz, Hawley dwarf potential 2024 rivals in fundraising

The next two top performers — who will both be on the ballot next year — were Sens. Rand Paul (R-Ky.) and Marco Rubio...

Biden administration blocks Medicaid work requirements

MADISON, Wis. (AP) — President Joe Biden’s administration has blocked former Gov. Scott Walker’s plan to require some childless adults to work to maintain...

Cash floods into battle for control of Congress

But this isn’t the 2020 cycle. Armed with WinRed and an energized small-dollar donor base, House Republicans have narrowed their financial gap. Of their...

Biden returns prisoner-of-war flag to perch atop White House

WASHINGTON (AP) — President Joe Biden has restored the prisoner-of-war/missing-in-action flag to its former location atop the White House.The black-and-white POW/MIA flag returned atop...

McCarthy responds to MAGA caucus: GOP isn’t party of ‘nativist dog whistles’

An early draft of a prospective policy platform for the group, which was obtained by POLITICO and first reported by Punchbowl News, calls for...

LGBTQ

Former NFL player Ryan Russell takes strong stand for trans youth who want to play sports / LGBTQ Nation

Out NFL veteran and writer Ryan K. Russell has spoken out against the wave of anti-trans legislation that seeks to prevent trans youth from...

Congressman André Carson champions LGBTQ rights. This is why. / LGBTQ Nation

The latest episode of the LGBTQ Nation podcast has arrived and we’ve got an extra special show this week. Congress member André Carson (D-IN) joins host...

Colton Underwood’s coming out could finally give us a gay Bachelor season / LGBTQ Nation

Colton UnderwoodPhoto: ShutterstockNineteen years after season one of The Bachelor premiered, there may finally be a season starring a gay bachelor. On April 14, former...

Tech

New this Week: ‘Kung Fu,’ ‘Rebel’ and ‘Thunder Force’

New this Week: ‘Kung Fu,’ ‘Rebel’ and ‘Thunder Force’ Source link

Man pleads no contest to killing woman in Great Falls motel

GREAT FALLS, Mont. (AP) — A man who pleaded no contest to deliberate homicide for killing a woman at a Great Falls motel in...

Business Highlights

Must read

Cruz, Hawley dwarf potential 2024 rivals in fundraising

The next two top performers — who will both be on the ballot next year — were Sens. Rand Paul (R-Ky.) and Marco Rubio...

Biden administration blocks Medicaid work requirements

MADISON, Wis. (AP) — President Joe Biden’s administration has blocked former Gov. Scott Walker’s plan to require some childless adults to work to maintain...

On whether he supports the filibuster.

North Carolina State Sen. Jeff Jackson, a Democrat, speaks to Spectrum News anchor Tim Boyum about his U.S. Senate campaign on Jan. 26, 2021.Source...

Cash floods into battle for control of Congress

But this isn’t the 2020 cycle. Armed with WinRed and an energized small-dollar donor base, House Republicans have narrowed their financial gap. Of their...

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Dominion Voting sues Fox for $1.6B over 2020 election claims

WASHINGTON (AP) — Dominion Voting Systems has filed a $1.6 billion defamation lawsuit against Fox News, arguing the cable news giant falsely claimed that the voting company rigged the 2020 election in an effort to boost faltering ratings. Friday’s defamation lawsuit is part of a growing body of legal action filed by the Denver-based voting company and other targets of false claims spread by President Donald Trump and his allies after Trump’s election loss to Joe Biden. Those claims have been blamed for spurring on rioters who stormed the U.S. Capitol in January. New York-based Fox News says it stands by its journalism and will defend itself against the claims.

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EXPLAINER: What’s a SPAC, the latest craze on Wall Street?

CHARLOTTE, N.C. (AP) — Special-purpose acquisition companies, better known as SPACs, have been embraced by big institutions and small-pocketed investors alike. Celebrities and famous athletes have endorsed them. A SPAC is essentially just a pile of investors’ cash. The goal is to use those millions of dollars to take a private company public without using the traditional initial public offering process that’s been around for decades. Companies such as Draftkings and Virgin Galactic used a SPAC to go public last year. The frenzy surrounding SPACs has also attracted the attention of government regulators, who are concerned they may draw in unsophisticated investors.

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WeWork stock offer comes amid doubtful need for office space

NEW YORK (AP) — Uncertainty about office space demand in a global pandemic is a big risk that investors will have to weigh as WeWork makes a second run at a public stock offering. A year after the novel coronavirus turned office towers into ghost towns worldwide, the embattled communal work space company says it will sell stock after merging with a special purposes acquisition company. But the offering comes as many companies are switching to hybrid work schedules, allowing employees to stay at home part of the time. That means firms could have too much space and won’t need short-term rentals. WeWork says it has cut costs and reduced its workforce by 67% from its peak in September 2019. It sees strong growth as the economy recovers.

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China sanctions Britons over West’s Xinjiang criticism

LONDON (AP) — China has announced sanctions on British individuals and organizations after the U.K. joined the EU and others in sanctioning Chinese officials accused of human rights abuses in the Xinjiang region. It’s the opening salvo in Beijing’s latest full-bore response to criticism and sanctions from the West. The Chinese Foreign Ministry says the move by the Western bloc is based on lies and disinformation, flagrantly breaches international law and grossly interferes in China’s internal affairs. British Prime Minister Boris Johnson condemned Beijing’s move, saying the sanctioned individuals “are performing a vital role shining a light on the gross human rights violations being perpetrated against Uyghur Muslims.”

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ThredUp’s shares pop in stock market debut

NEW YORK (AP) — Shares of ThredUp rose more than 40% in their stock market debut Friday, reflecting investor enthusiasm for the online seller of second-hand women’s and children’s clothing. Late Thursday, ThredUp’s initial public offering of 12 million shares was priced at $14 a share, the high end of its expected range of $12 to $14. That raised about $168 million before underwriting fees. The shares opened at $18.25 and closed at $20. ThredUp’s debut comes as the resale market has remained resilient during the pandemic, benefiting from shoppers’ accelerated shift online and customers’ steadfast focus on second-hand goods as they become more conscious about the environment.

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China erasing H&M from internet amid Xinjiang backlash

HONG KONG (AP) — H&M is disappearing from the internet in China as the government raises pressure on shoe and clothing brands. Beijing also announced Friday sanctions against British officials following Western penalties imposed on Chinese authorities accused of abuses in the Xinjiang region. As of Friday, searches for H&M products on Chinese e-commerce platforms turned up no results. There were also no search results for any of H&M’s about 500 stores in mainland China on the ride hailing app Didi Chuxing, and on Chinese map apps from Tencent, Alibaba and Baidu. The near total online erasure of H&M on the Chinese internet shows how quickly foreign brands can suffer a political backlash in one of the biggest consumer markets.

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How two friends made art history buying a $70M digital work

At first, Vignesh Sundaresan and Anand Venkateswaran weren’t sure they had just spent $69.3 million on a digital artwork by an artist called Beeple, securing their place in art history. The March 11 auction at Christie’s in London immediately catapulted Beeple’s artwork into the realm of the most expensive pieces ever sold by living artists, alongside a well-known swimming pool painting by David Hockney and an iconic stainless steel rabbit sculpture by Jeff Koons. And it has also kicked off a new explosion of interest in non-fungible tokens, or NFTs, a sort of cryptocurrency-adjacent technology that provides the digital equivalent of a certificate of authenticity.

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Former top broker gets over 17 years for scamming clients

SCRANTON, Pa. (AP) — A former Pennsylvania financial adviser who earned millions by pushing high-risk, high-fee investments on unsuspecting retirees has been sentenced to more than 17 years in federal prison. A judge said Friday that Anthony Diaz took advantage of dozens of clients. Some of them lost their life savings or were unable to send their children to college as a result of the fraud. Diaz was handcuffed in the courtroom and led away to immediately begin serving his sentence. He has been living in Florida.

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EXPLAINER: Sanctioned Myanmar army businesses span spectrum

BANGKOK (AP) — The two huge Myanmar military-controlled conglomerates targeted by U.S. and UK sanctions following the army coup last month span a wide spectrum of businesses. Human rights advocates applauded the decisions to target those companies and cut them off from dealings with banks and businesses in the United States and United Kingdom. They are still pushing for action against another powerful empire, the Myanmar Oil & Gas Enterprise, which does business with major foreign oil companies. It’s unclear just how big the impact of the sanctions will be on the military’s cash flow since Myanmar’s Asian neighbors have shied away from imposing their own restrictions on doing business with the junta.

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Philanthropists call for more grants to aid Asian Americans

Nearly 500 philanthropy leaders, mostly from foundations, signed a letter Friday calling on grant makers to increase their support of nonprofits that benefit Asian people and put efforts to combat anti-Asian racism squarely in the broader fight for racial justice. The letter was circulated by Asian Americans/Pacific Islanders in Philanthropy, which also released a study outlining the paucity of philanthropic support for Asian American communities. The letter and the study follow a year of increasing violence directed against Asian Americans and the killing of eight people, including six Asian American women, in Atlanta this month.

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The S&P 500 rose 65.02 points, or 1.7%, to 3,974.54. The Dow Jones Industrial Average rose 453.40 points, or 1.4%, to 33,072.88. The Nasdaq rose 161.05 points, or 1.2%, to 13,138.72. The Russell 2000 index of smaller companies rose 38.36 points, or 1.8% to 2,221.48.

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Latest article

Cruz, Hawley dwarf potential 2024 rivals in fundraising

The next two top performers — who will both be on the ballot next year — were Sens. Rand Paul (R-Ky.) and Marco Rubio...

Biden administration blocks Medicaid work requirements

MADISON, Wis. (AP) — President Joe Biden’s administration has blocked former Gov. Scott Walker’s plan to require some childless adults to work to maintain...

On whether he supports the filibuster.

North Carolina State Sen. Jeff Jackson, a Democrat, speaks to Spectrum News anchor Tim Boyum about his U.S. Senate campaign on Jan. 26, 2021.Source...

Cash floods into battle for control of Congress

But this isn’t the 2020 cycle. Armed with WinRed and an energized small-dollar donor base, House Republicans have narrowed their financial gap. Of their...

Biden returns prisoner-of-war flag to perch atop White House

WASHINGTON (AP) — President Joe Biden has restored the prisoner-of-war/missing-in-action flag to its former location atop the White House.The black-and-white POW/MIA flag returned atop...