There’s a lot to be said for living on a peninsula. The quiet residential streets of the Palos Verdes Peninsula, south of Los Angeles, take in views up and down the Southern California coastline as well as that of Santa Catalina Island. Among the four hillside cities on the landmass that juts out into the
Meganne Wecker is truly one of a kind. In the grand scheme of the furniture industry, there are very few brands that manufacture in the United States, particularly outside of North Carolina. There are even fewer that are run by female executives. But that’s what makes Meganne Wecker a true unicorn. She is the president
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
The earthquake that has killed more than 40,000 people and brought destruction and misery to Turkey and Syria lasted approximately 75 seconds. The economic, social and political reverberations will last years. As the experiences of countries as diverse as Haiti, Japan and Turkey itself reveal, it is only once the cameras leave and the world’s
The writer is professor of law at University College London, barrister at 11 KBW and author of ‘East West Street: On the Origins of Genocide and Crimes against Humanity’ Four days after Russia’s invasion of Ukraine, I wrote in this paper on the crime of aggression, introduced into international law during the negotiations of the
It’s not easy being a contrarian. Generally, it is one of the most reliable tricks in the book: when risky markets are euphoric, sell. When they are in the depths of despair, buy. That is always a subjective process. Right now, though, measures of the mood are throwing off so many conflicting signals that this
The Rhode Island Housing and Mortgage Finance Corp. plans to price $135 million of special revenue bonds Wednesday to support its affordable mortgage program for first-time and lower income home buyers. The issuer, also known as RIHousing, is the state’s housing finance agency. The largest of the three tranches of Homeownership Opportunity Bonds is the
New York City is heading to market with the biggest municipal bond deal of the holiday-shortened week, a $677.45 million tax-exempt general obligation bond offering that will refund some outstanding debt. Lead managers Siebert Williams Shank, BofA Securities and RBC Capital Markets are set to price the fiscal 2023 GOs for institutions on Wednesday
When Nicola Sturgeon began campaigning for the Scottish National party as a teenager passionately opposed to Margaret Thatcher, support for an independent Scotland was a minority cause. At the time, in 1987, Scotland was still the Labour party’s fiefdom and it returned 50 MPs to Westminster to the SNP’s three. Even staunch opponents concede that
Colombian courts held one of the first judicial hearings using metaverse tech. María Victoria Quiñones Triana, the magistrate of the Magdalena court, approved the realization of this hearing, using Horizon Worlds technology provided by Meta and virtual avatars to represent participants in the process. Colombian Court Holds Metaversal Judicial Hearings A Colombian court has ostensibly
Antony Ressler, co-founder of Ares Management, takes photos with students of the AltFinance Fellowship. Marcus Shaw, AltFinance The search for bigger profits and top talent is nothing new on Wall Street, but some firms are turning to an almost untapped resource: historically Black colleges and universities, or HBCUs. The AltFinance Fellowship is the brainchild of
The Chinese balloon that flew over North America and loitered over nuclear missile silos in Montana before it was shot down over the Atlantic inspired a range of emotions among Americans: fear, anger, but also humour. Comedians on Twitter made light of the craft for what to the untrained eye seemed like a lack of
“I literally know when I walk in the front door,” says Adrienne Arsht, discussing how she knows when she wants to buy a property and the multiple high-profile transactions she has been involved in over several decades. Arsht spoke from her home in Chevy Chase, Maryland which she purchased for $10 million in 2020, down
Two of the Federal Reserve board’s seven governors abstained from supporting the selection of former Obama aide Austan Goolsbee to become president of the Chicago Fed, according to a record of the vote. Governors Michelle Bowman and Christopher Waller, who were both appointed to the board by former President Donald Trump, withheld their support for
Tax-exempt bonds for sports stadiums are once again in the crosshairs under a bill introduced this week by Oregon Democrat Rep. Earl Blumenauer. The bill would amend the tax code – or “close a loophole,” as Blumenauer said – to eliminate the federal tax exemption for bonds that finance or refinance capital expenditures for a
Property tax cuts and expanded school vouchers will be fast tracked for consideration by Texas lawmakers after Gov. Greg Abbott included them in a list of emergency items for the legislative session. In his Thursday evening State of the State address, the Republican governor also said he will soon announce a $100 billion transportation infrastructure
The writer is a former head of responsible investment at HSBC Asset Management and previous editor of Lex What a time to be a business columnist — and thank goodness I’m not one. Having to ponder what chatbots mean for companies the world over is some ask. Bill Gates calls “generative AI” as important as
The US military has wrapped up the salvage operation off the coast of South Carolina to retrieve debris from the suspected Chinese spy balloon that was shot down over the Atlantic two weeks ago. US Northern Command, which is responsible for the defending the American homeland, said the mission was concluded on Thursday after the
The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million. SEC Chair Gary Gensler Wants to Remind Celebrities of Disclosure Laws
The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) will gradually become liquid for the first time since December 2020. According to on-chain Etherscan data,
London’s Hyde Park Square is a restful sea of green surrounded by residential buildings. Reserved for the exclusive use of residents, the gated plot of mature trees, lawn, benches and pathways offers a welcome respite for those seeking a private open-air spot to take in a pleasant day. Set within the Hyde Park Estate, a