Tag Archives: Dollars

‘I wouldn’t be in it now if they gave me a million dollars’: What Cher said about the Rock and Roll Hall of Fame before being selected as an inductee – WKYC.com

  1. ‘I wouldn’t be in it now if they gave me a million dollars’: What Cher said about the Rock and Roll Hall of Fame before being selected as an inductee WKYC.com
  2. Music legend dishes on Rock Hall induction, love for Cleveland: ‘A real wonderful shock’ cleveland.com
  3. ‘An underdog victorious’: MC5 families react to Rock & Roll Hall of Fame induction Detroit Free Press
  4. Rock and Roll Hall of Fame Announces 2024 Inductees: Cher, Jimmy Buffett, Mary J. Blige, Dave Matthews, Peter Frampton, Foreigner and More Variety
  5. Classic rock stars react to Rock & Roll Hall of Fame inductions: ‘I’m a little bit in shock’ PennLive

Read original article here

Dana White not handing out ‘quarter of a million dollars’ in Stephen Thompson UFC salary stalemate – MMA Mania

  1. Dana White not handing out ‘quarter of a million dollars’ in Stephen Thompson UFC salary stalemate MMA Mania
  2. Dana White responds after Stephen Thompson says he still hopes to be paid for canceled Michel Pereira fight: “You decided not to fight” BJPENN.COM
  3. There’s a bigger story – Dana White explains Thompson’s purse situation for UFC 291 Bloody Elbow
  4. Dana White on Stephen Thompson’s UFC Nashville pay: ‘There’s a much bigger story behind the scenes’ MMA Fighting
  5. UFC boss Dana White explains why Stephen Thompson hasn’t been paid MMA Junkie
  6. View Full Coverage on Google News

Read original article here

SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion – SEC.gov

  1. SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion SEC.gov
  2. SEC sues entrepreneur, alleging $1 billion in unregistered crypto sales and multimillion-dollar fraud CNBC
  3. U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations CoinDesk
  4. US SEC says Hex crypto founder defrauded investors, spent money on ‘Enigma’ diamond Reuters
  5. SEC Sues PulseChain Founder for Securities Fraud BeInCrypto

Read original article here

Margot Robbie Told Studios in ‘Barbie’ Pitch Meetings That It Could ‘Make $1 Billion Dollars… Maybe I Was Overselling’ – Variety

  1. Margot Robbie Told Studios in ‘Barbie’ Pitch Meetings That It Could ‘Make $1 Billion Dollars… Maybe I Was Overselling’ Variety
  2. Margot Robbie’s Stylist Just Dropped Photos of Her in Five Barely-Seen ‘Barbie’ Press Tour Outfits Yahoo Life
  3. ‘Barbie’ movie: Iconic doll has ‘existential crisis’ about real world AOL
  4. Margot Robbie Convinced Studio ‘Barbie’ Could Make A Billion Dollars: ‘I Was Overselling, But We Had A Movie To Make’ ETCanada.com
  5. Why Dressing Margot Robbie in Barbie Was the Biggest Challenge for the Costume Designer Yahoo Entertainment
  6. View Full Coverage on Google News

Read original article here

Rainn Wilson Was ‘Unhappy’ on ‘The Office’ for ‘Several Years’ Because He ‘Wanted to Be a Movie Star’: ‘I Wanted Millions’ of Dollars – Yahoo Entertainment

  1. Rainn Wilson Was ‘Unhappy’ on ‘The Office’ for ‘Several Years’ Because He ‘Wanted to Be a Movie Star’: ‘I Wanted Millions’ of Dollars Yahoo Entertainment
  2. Rainn Wilson was “mostly unhappy” while making ‘The Office’ NME
  3. Rainn Wilson Says He Was ‘Wasn’t Enjoying’ Being on ‘The Office’ When It Was On Air Just Jared
  4. Rainn Wilson says he wasn’t happy while filming ‘The Office’ because ‘it wasn’t enough’ Yahoo Entertainment
  5. Rainn Wilson Reveals Deep Unhappiness Doing ‘The Office’ Outkick
  6. View Full Coverage on Google News

Read original article here

Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech – Bitcoin News – Bitcoin News

  1. Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech – Bitcoin News Bitcoin News
  2. XRP Hits New Price Level, Recovery Coming U.Today
  3. Ripple v. SEC case update as of June 19, 2023 Finbold – Finance in Bold
  4. SEC Chair Gary Gensler Weaponizing Lack of Regulatory Clarity To Exert Jurisdiction Over Crypto: Ripple CEO The Daily Hodl
  5. SEC vs. Ripple: 3 Reasons Why Judge Torres Will Address XRP Secondary Market Trading The Crypto Basic
  6. View Full Coverage on Google News

Read original article here

Supreme Court Justice Clarence Thomas reportedly has been claiming thousands of dollars annually from a shuttered real estate firm – CNBC

  1. Supreme Court Justice Clarence Thomas reportedly has been claiming thousands of dollars annually from a shuttered real estate firm CNBC
  2. Joyce Vance talks Clarence Thomas ProPublica report and Evan Corcoran recusal MSNBC
  3. Clarence Thomas has for years claimed income from a defunct real estate firm The Washington Post
  4. Clarence Thomas should follow the Abe Fortas precedent and resign gracefully The Hill
  5. Texas GOP billionaire is just Clarence Thomas’ ‘friend’? Do they think we’re stupid? | Opinion Yahoo News
  6. View Full Coverage on Google News

Read original article here

Abandoned shopping carts cost taxpayers thousands of dollars


New York
CNN
 — 

Santa Fe, New Mexico, paid a local contractor $47,000 to round up about 3,000 shopping carts around the city in 2021 and 2022.

Fayetteville, North Carolina, spent $78,468 collecting carts from May 2020 to October 2022.

Shopping carts keep wandering away from their stores, draining taxpayers’ coffers, causing blight and frustrating local officials and retailers.

Abandoned shopping carts are a scourge to neighborhoods, as wayward carts block intersections, sidewalks and bus stops. They occupy handicap spots in parking lots and wind up in creeks, ditches and parks. And they clog municipal drainage and waste systems and cause accidents.

There is no national data on shopping cart losses, but US retailers lose an estimated tens of millions of dollars every year replacing lost and damaged carts, say shopping cart experts. They pay vendors to rescue stray carts and fork over fines to municipalities for violating laws on shopping carts. They also miss out on sales if there aren’t enough carts for customers during peak shopping hours.

Last year, Walmart paid $23,000 in fines related to abandoned shopping carts to the small town of Dartmouth, Massachusetts, said Shawn McDonald, a member of the town’s Select Board.

Dartmouth public workers spent two years corralling more than 100 Walmart carts scattered around town and housed them in one of the city’s storage facilities. When Walmart applied for a new building permit, the company was told it had to pay the town thousands of dollars in daily storage fees, McDonald said.

“It’s a safety issue with these carts careening down the hill. I had one that was left in the road as I was driving,” he said. “I got to the point where I got pissed.”

More municipalities around the country are proposing laws cracking down on stray carts. They are imposing fines on retailers for abandoned carts and fees for retrieval services, as well as mandates for stores to lock up their carts or install systems to contain them. Some localities are also fining people who remove carts from stores.

The city council in Ogden, Utah, this month approved an ordinance fining people who take store carts or are in possession of one. The measure also authorizes the city to charge retailers a fee of $2 a day for storage and handling fees to retrieve lost carts.

“Abandoned shopping carts have become an increasing nuisance on public and private properties throughout the city,” the council said in its summary of the bill. City officials “are spending considerable amounts of time to pick up and return or dispose of the carts.”

Matthew Dodson, the president of Retail Marketing Services, which offers cart retrieval, maintenance and other services to leading retailers in several western states, said lost shopping carts is a growing problem.

During the busy 2022 holiday season, Retail Marketing Service leased extra carts to retailers, and got back 91% of its approximately 2,000 carts, down from 96% the prior year.

Dodson and others in the shopping cart industry say the rise in lost carts can be attributed to several factors, including unhoused people using them to hold their belongings or as shelter. Homelessness has been rising in many major cities due to skyrocketing housing prices, lack of affordable housing, and other factors. There have also been incidents of people stealing carts for scrap metal.

Some people, especially in cities, also use supermarket carts to bring their groceries home from the store. Other carts drift away from parking lots if they aren’t locked up during rough weather or at night.

To be sure, the problem of wayward shopping carts is not new. They began leaving stores soon after they were introduced in the late 1930s.

“A new menace is threatening the safety of motorists in stores,” the New York Times warned in a 1962 article. “It is the shopping cart.” Another New York Times article in 1957 called the trend “Cart-Napping.”

There’s even a book, “The Stray Shopping Carts of Eastern North America: A Guide to Field Identification,” dedicated to the phenomenon and a system of identification for stray shopping carts, much like guides for bird-watching.

Edward Tenner, a distinguished scholar in the Smithsonian’s Lemelson Center for the Study of Invention and Innovation, said the misuse of everyday items like shopping carts is an example of “deviant ingenuity.”

It’s similar to talapia fishermen in Malaysia stealing payphones in the 1990s and attaching the receivers to powerful batteries that emitted a sound to lure fish, he said.

Tenner hypothesized that people take shopping carts from stores because they are extremely versatile and aren’t available elsewhere: “There’s really no legitimate way for an individual to buy a supermarket-grade shopping cart.”

Supermarkets can have 200 to 300 shopping carts per store, while big-box chains carry up to 800. Depending on the size and model, carts cost up to $250, said Alex Poulos, a sales director at R.W. Rogers Company, which supplies carts and other equipment to stores.

Stores and cart makers over the years have increased the size of carts to encourage shoppers to buy more items.

Stores have introduced several cart safety and theft-prevention measures over the years, such as cart corrals and, more recently, wheels that automatically lock if a cart strays too far from the store. (Viral videos on TikTok show Target customers struggling to push around carts with wheeled locks.)

Gatekeeper Systems, which offers shopping cart control measures for the country’s largest retailers, said demand for its “SmartWheel” radio-frequency locks has increased during the pandemic.

At four stores, Wegmans is using Gatekeeper’s wheel locks.

“The cost of replacing carts as well as the cost of locating and returning missing carts to the store led to our decision to implement the technology,” a Wegmans spokesperson said.

Aldi, the German grocery chain that’s rapidly expanding in the United States, is one of the few US retailers to require customers to deposit a quarter to unlock a cart.

Coin-lock shopping cart systems are popular in Europe, and Poulos said more US companies are requesting coin-lock systems in response to the costs of runaway shopping carts.

Read original article here

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

SHANGHAI/BEIJING, Oct 17 (Reuters) – China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used a combination of swaps and spot trades.

Six banking sources told Reuters the country’s major state-owned banks were spotted swapping yuan for U.S. dollars in the forwards market and selling those dollars in the spot market, a playbook move used by China in 2018 and 2019 as well.

The selling seemed to be aimed at stabilising the yuan , with the swaps helping procure dollars as well as anchoring the price of yuan in forwards, said the sources, who have direct knowledge of market trades.

Register now for FREE unlimited access to Reuters.com

The yuan is down 11.6% versus the dollar this year. It was trading around 7.1980 per dollar on Monday.

One-year dollar/yuan forwards fell rapidly following the state bank actions, pushing the yuan to 6.95 per dollar. One of the sources noted the size of the dollar selling operation was “rather huge”.

“The big banks want to acquire dollar positions from the swap market to stabilise the spot market,” said another source.

State banks usually trade on behalf of the central bank in China’s FX market, but they can also trade for their own purposes or execute orders for their corporate clients.

A third source noted that the state banks’ trades appeared to be managed so that the country’s closely-watched $3 trillion foreign exchange reserves will not be tapped for intervention.

At the same time, the move helps state banks to procure dollars at a time when rising U.S. yields have made dollars scarce and expensive.

China burned through $1 trillion of reserves supporting the yuan during the economic downturn in 2015, and the sharp reduction in the official reserves attracted much criticism.

Register now for FREE unlimited access to Reuters.com

Reporting by Shanghai and Beijing Newsroom; Editing by Vidya Ranganathan and Ana Nicolaci da Costa

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Celsius Execs Cashed Out $40 Million Before Halting Withdrawals

Celsius founder and recently resigned CEO Alex Mashinsky as he appeared in a promotional video for Celsius uploaded to YouTube. The video was deleted after the company imploded.
Screenshot: YouTube

Three executives at crypto trading platform Celsius cashed out at least $40 million in cryptocurrency shortly before the company halted withdrawals for all users earlier this year, according to a financial disclosure form filed in New York bankruptcy court late Wednesday.

The withdrawals by Celsius executives, first reported by CoinDesk, don’t look good from an optics perspective, given how many users were stopped from being able to pull their money out during the liquidity crisis just a few months ago. Celsius halted all withdrawals indefinitely in June and filed for bankruptcy the following month, leaving users with nothing. Celsius owes roughly $4.7 billion to users but doesn’t have the money to pay them.

The three execs who pulled out the combined $40 million in crypto were former CEO Alex Mashinsky, former Chief Strategy Officer Daniel Leon, and current CTO Nuke Goldstein. Mashinsky resigned as CEO in September, but is still at the center of the investigation over whether Celsius was little more than a Ponzi Scheme—something that over 40 states are currently looking into. Leon resigned just yesterday.

The Financial Times previously reported that Mashinsky withdrew roughly $10 million from Celsius before the collapse of the company, citing unnamed sources, but we now know Leon and Goldstein were also pulling their money out before the public knew there were any problems with liquidity at Celsius. Leon withdrew at least $11 million, and Goldstein withdrew at least $20.8 million, including millions in the Celsius token.

Gizmodo has uploaded the latest Celsius court filing, which totals over 14,000 pages, to the Internet Archive for anyone who really wants to get into the nitty gritty of the bankruptcy case. It appears the filing is so large because it seems to have the names and recent transactions of every user on the platform.

Screenshot showing just some of the withdrawals made by the former Celsius CEO in May of 2022.
Screenshot: PACER

Curiously, Mashinsky’s wife Kristine appears to have withdrawn over $2 million in the Celsius token on May 31, according to the documents. Mashinsky did not immediately respond to an email early Thursday.

The Celsius token is currently trading at $1.28, down roughly 78% from a year ago. Bitcoin, the most popular crypto in the world, is currently trading at $20,175, down 63% from a year ago. Ethereum, the second most popular coin, is currently trading at $1,360, down 62% from a year ago.

Goldstein’s lawyers said in a statement:

Your report that Mr. Goldstein withdrew millions of dollars in advance of the “pause” is flatly mistaken. The reality is that Mr. Goldstein did not withdraw even one dollar in the four weeks prior to the pause—to the contrary, he deposited over $90,000 in CEL tokens in late May, just three weeks before the pause. Most of the supposed “withdrawals” from our client’s account were, in fact, regular-course transfers between his accounts and involved corresponding deposits. Indeed, in the year before the pause, Mr. Goldstein had net positive deposits into Celsius (including interest), not withdrawals. Your account unfortunately distorts Mr. Goldstein’s position, as he currently has millions locked up in Celsius, making him one of the Company’s largest unsecured creditors. Nuke is proud of his work to create a secure platform for Celsius users, and has been working tirelessly day in and day out to help restructure the Company to the benefit of all its creditors.

Update, Oct. 6, 11:29 am ET: Updated with a statement from Nuke Goldstein’s lawyers.

Read original article here