A recent government watchdog report revealed stark failures in a student loan forgiveness program run by the federal government, and the country’s top student loan official says the findings were “really inexcusable” while reiterating a commitment to address the issue. The Government Accountability Office (GAO) report highlighted how an increasing number of student loan borrowers who could have their loans canceled under existing laws may miss out because of incompetence in the… Source link
Read More »Twitter’s top lawyer, who angered conservatives with her past decisions about moderating content, cried when discussing the Elon Musk purchase with employees, report says
Vijaya Gadde.Twitter Elon Musk bought Twitter on Monday and could shift its approach to content moderation. One key architect of those content policies is the attorney Vijaya Gadde. On Monday, Gadde cried during a meeting that discussed the acquisition, three people told Politico. Twitter’s top attorney and a key voice in decisions such as barring President Donald Trump from the platform became emotional and cried in a meeting with employees discussing Elon Musk’s acquisition of the platform on… Source link
Read More »Indonesia, the world’s top cooking-oil exporter, says it’s going to ban exports of the oil this week, and it’s sent the global prices of edible oils soaring
Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday. Palm oil, the world’s most used vegetable oil, is used in cooking and a range of consumer products. Palm-oil and competing soybean-oil prices are jumping after news of the ban. The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most… Source link
Read More »Tyson Fury’s brilliance shines as undefeated champ retires on top
This version of Tyson Fury, the guy who knocked out Deontay Wilder twice and put Dillian Whyte to sleep Saturday with one of the best uppercuts you’ll ever see, would be a difficult out for any fighter in boxing history. Yes, that includes Muhammad Ali. And George Foreman. And Larry Holmes and Lennox Lewis and Rocky Marciano and Jack Johnson and Jack Dempsey and Joe Louis and Evander Holyfield and Riddick Bowe and Vitali Klitschko and Wladimir Klitschko and Joe Frazier and Mike Tyson and… Source link
Read More »Kyiv Readies for Top U.S. Official Visit, Odesa Attack Kills 8
Kyiv prepared on Saturday for its first wartime visit from two top U.S. officials, as Ukraine accused Russia of killing six people in a strike on Odessa that all but buried hopes of a truce for Orthodox Easter. The Sunday visit by Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will come at a symbolic moment — on the day the war enters its third month — and with fierce battles continuing in the country’s east. It… Source link
Read More »Wall Street top execs are growingly embracing blockchain
War in Ukraine, raging inflation and a clouded economic outlook were top of mind for executives at financial firms last week as they recapped an underwhelming quarter on Wall Street in their post-earnings calls with investors. But another widely-cited topic in those conferences went largely under the radar: heavy talk of imminent blockchain plans from some of the industry’s biggest firms. BlackRock (BLK), JPMorgan Chase (JPM) and Goldman Sachs (GS) were among the major financial institutions… Source link
Read More »Google Picks Prince Harry’s Travalyst for Emissions Data and More Top Stories This Week
Skift Take In Skift’s top stories this week, Google joins global partnership Travalyst, backed by Prince Harry, in an act towards sustainability, Europeans are set to make record summer travel numbers, and loyalty programs are being revamped across major and minor travel brands alike. Mary Ann Ha Throughout the week we are posting original stories night and day covering news and travel trends, including on the impact of coronavirus. Every weekend we will… Source link
Read More »Top Rank paid alleged mob boss Daniel Kinahan over $4M
Top Rank paid reputed Irish mobster Daniel Kinahan more than $1 million for each of four bouts involving Tyson Fury it promoted from 2019 through 2021, Top Rank chairman Bob Arum told Yahoo Sports. Arum, whose company will co-promote Fury’s April 23 title defense in London against Dillian Whyte with Frank Warren’s Queensbury Promotions, told Yahoo Sports Thursday he’d paid Kinahan “at least a million” in each of those four fights against Deontay Wilder twice, Tom Schwarz and Otto… Source link
Read More »GameStop’s Ryan Cohen isn’t the second coming of Warren Buffett: top analyst
GameStop Chairman Ryan Cohen has a long way to go before being mentioned in the same breath as investing legend Warren Buffett. At least that’s the hot take from top Wall Street analyst Anthony Chukumba of Loop Capital Markets, who famously dropped coverage of GameStop in early 2021 amid the meme stock frenzy. “I am not taking anything away from Ryan Cohen. He has at least three zeros in his net worth more than I do. He founded this company Chewy and sold it for a gazillion dollars. But let’s… Source link
Read More »Economic slowdown has to be ‘dramatic’ as Fed raises interest rates: top economist
Seth Carpenter, Morgan Stanley chief economist and former Federal Reserve deputy director of monetary affairs, thinks there is no way around a sharp slowing of the economy as the Federal Reserve embarks deeper into its rate hiking cycle. “If you think about what the Fed itself thinks is the long-run sustainable growth rate of the economy, they think that rate of growth is below 2%. And so if you take a growth rate in the economy that’s above 5% or 6%, and you’re going to try to bring it down… Source link
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