- Cannes Chief Thierry Fremaux Addresses Francis Ford Coppola’s Pending Distribution Deal for ‘Megalopolis’: ‘We Love Improvisation’ Variety
- Francis Ford Coppola’s ‘Megalopolis’ Faces Uphill Battle for Mega Deal: “Just No Way to Position This Movie” Hollywood Reporter
- Coppola on ‘Megalopolis’ Uproar: Just Like ‘Apocalypse Now’ The Daily Beast
- Francis Ford Coppola’s ‘Megalopolis’ to premiere at Cannes The Associated Press
- Cannes Head Thierry Frémaux Talks ‘Megalopolis’ Selection: “Francis Ford Coppola Is Part Of The Cannes Family” Deadline
Tag Archives: Pending
Govt unveils special session agenda: Pending Bills, recall of ’75 years of Parliamentary Journey’ – The Indian Express
- Govt unveils special session agenda: Pending Bills, recall of ’75 years of Parliamentary Journey’ The Indian Express
- India: Govt lists agenda for special Parliament session: Discussion on 75 yrs of Parliament history WION
- Centre Releases Agenda Of Parliament’s Special Session Starting Monday NDTV
- Four Bills In Government’s ‘tentative List’ For Parliament’s Special Session India Today
- Parliament Special Session Will Consider Bill On Election Commissioners’ Appointment Process Live Law – Indian Legal News
- View Full Coverage on Google News
Revolution place Bruce Arena on administrative leave pending MLS review into ‘inappropriate remarks’ – The Athletic
- Revolution place Bruce Arena on administrative leave pending MLS review into ‘inappropriate remarks’ The Athletic
- Revolution head coach Bruce Arena on administrative leave CBS Boston
- New England coach Arena on leave pending MLS investigation – ESPN ESPN
- Revs coach on leave for alleged ‘insensitive and inappropriate’ remarks WPRI
- Former USMNT coach Bruce Arena placed on ‘administrative leave’ by New England Revolution following ‘allegations of insensitive and inappropriate remarks’ Goal.com
- View Full Coverage on Google News
New England coach Arena on leave pending MLS investigation – ESPN – ESPN
- New England coach Arena on leave pending MLS investigation – ESPN ESPN
- Revs coach on leave for alleged ‘insensitive and inappropriate’ remarks WPRI
- Former USMNT coach Bruce Arena placed on ‘administrative leave’ by New England Revolution following ‘allegations of insensitive and inappropriate remarks’ Goal.com
- Revolution place Bruce Arena on administrative leave pending MLS review into ‘inappropriate remarks’ The Athletic
- VIDEO NOW: NE Revolution coach placed on leave for “inappropriate remarks” WPRI
- View Full Coverage on Google News
Agent’s Take: How Justin Herbert’s record-setting contract will affect Joe Burrow’s pending extension – CBS Sports
- Agent’s Take: How Justin Herbert’s record-setting contract will affect Joe Burrow’s pending extension CBS Sports
- Justin Herbert’s record $262.5M contract shows why Jalen Hurts’ Eagles deal is a bargain The News Journal
- Chargers News: Justin Herbert Emerges as Under-the-Radar MVP Hopeful Sports Illustrated
- Chargers Insider Daniel Popper Talks Herbert, Ekeler & More | Full Interview | The Rich Eisen Show The Rich Eisen Show
- Tua Tagovailoa not focused on contract extension with Dolphins: ‘This is something that I need to work for’ CBS Sports
- View Full Coverage on Google News
R. Kelly: Illinois prosecutors drop pending criminal cases against singer
CNN
—
Prosecutors in Illinois’ Cook County have dropped state sex-crime charges against singer R. Kelly, who has already been convicted of federal charges set to keep him in prison for decades.
The Illinois charges – aggravated criminal sexual assault and aggravated criminal sexual abuse counts involving four accusers – are being dropped in part because of the prison sentences he’s already facing for his federal convictions, Cook County State’s Attorney Kim Foxx said Monday.
CNN has reached out to Kelly’s lawyer for comment.
After Foxx’s office filed charges in 2019, Kelly was charged in federal courts in New York and Chicago, her office noted.
In his federal case in New York, the disgraced R&B singer was sentenced to 30 years in prison after he was convicted in 2021 on federal racketeering and sex trafficking charges.
In federal court in Chicago, Kelly was convicted of multiple child pornography charges and acquitted on others in 2022, after a trial that included anonymous testimony from a woman who said Kelly sexually abused her and recorded the interactions when she was as young as 14.
While a sentence hasn’t been announced in the latter trial, Kelly faces a minimum of 10 to 90 years in prison for that conviction, the Cook County state’s attorney’s office said.
“I understand how hard it was for these victims to come forward and tell their stories. I applaud their courage and have the utmost respect for everyone who came forward,” Foxx said in a news release.
“While this may not be the result they were expecting, due to the sentences that Mr. Kelly is facing, we do feel that justice has been served,” Foxx added.
Cook County prosecutors had called for victims to come forward after the airing of “Surviving R. Kelly,” a Lifetime documentary series that chronicled allegations of abuse, predatory behavior and pedophilia against the singer.
The office set up a hotline and interviewed hundreds of witnesses in Chicago, Atlanta and New York, according to the news release.
“My office will direct our resources to find justice for other victims of sexual abuse who do not have the power of a documentary to bring their abusers to light,” Foxx added.
Trump’s tax returns could be released, pending House committee vote
Trump — who broke with a decades-long tradition of presidential candidates and presidents by refusing to make his tax returns public — has for years falsely claimed that he could not release them while under “routine audit” by the Internal Revenue Service.
The New York Times in 2020 reported that Trump paid $750 in federal income taxes in 2016, when he won the presidency, and another $750 in 2017. The Times, which obtained tax data covering more than two decades, also reported that he paid no income tax in 10 of the 15 years before he ran for president.
At the time, a Trump spokesman disputed the accuracy of the Times report and said Trump had paid tens of millions of dollars in “personal taxes” to the federal government, a vague phrase that left unclear what taxes were paid. The records obtained by the Times showed that Trump had reduced his taxes by aggressively using losses to offset income, among other methods.
Those revelations followed reporting by The Washington Post and other organizations that showed Trump had paid little or no federal income taxes in the earlier years of his career. The Post wrote in its biography, “Trump Revealed,” that Trump paid no income taxes in 1978 and 1979, using tax deductions such as real estate depreciation that enabled him to claim a negative income of $3.8 million.
When 2016 Democratic nominee Hillary Clinton noted in a debate that Trump did not pay federal income taxes for those two years, Trump responded, “That makes me smart.” Then, when Clinton speculated that Trump might not have paid “any federal income tax for a lot of years” — which turned out to be the case — Trump said the government would have “squandered” the money.
During his campaign for president, in which he frequently boasted that he was an extraordinarily wealthy and successful tycoon, Trump said that he would release his “beautiful” tax returns to back up his claims. But he said he would not make them public while he was being audited.
The legal battle between Trump and the Ways and Means Committee played out in the courts for years, continuing even after Trump left office. But last month, the Supreme Court cleared the way for the House committee to examine Trump’s tax returns, without stating a reason for denying Trump’s request to withhold the records.
“We knew the strength of our case, we stayed the course, followed the advice of counsel, and finally, our case has been affirmed by the highest court in the land,” Neal said in a statement then. “Since the Magna Carta, the principle of oversight has been upheld, and today is no different. This rises above politics, and the Committee will now conduct the oversight that we’ve sought for the last three and a half years.”
Trump and his Republican allies have criticized the effort to obtain his tax returns as a partisan attack, and warned that Congress making the former president’s returns public after he has left office would violate separation of powers.
Still, federal judges have consistently ruled that lawmakers established the “valid legislative purpose” required for disclosure. The Supreme Court’s decision late last month came after Trump announced he would run for president again in 2024.
In arguing against the release of the tax records, Trump’s legal team said the committee’s premise for seeking the information “has nothing to do with funding or staffing issues at the IRS and everything to do with releasing the President’s tax information to the public.”
Their filing adds: “If allowed to stand, it will undermine the separation of powers and render the office of the Presidency vulnerable to invasive information demands from political opponents in the legislative branch.”
Democrats on the Ways and Means Committee in favor of making Trump’s tax returns public have limited time to do so, with Republicans set to take control of the House — and the committee — in January.
Robert Barnes contributed to this report.
Browns To Consider Trading For Jimmy Garoppolo Pending Deshaun Watson Appeal
The sagas surrounding Jimmy Garoppolo and Deshaun Watson have run their courses simultaneously during the 2022 offseason. Events in the near future could cause them to be intertwined to a greater extent than they already have been. 
Mary Kay Cabot of cleveland.com reports that the Browns “will consider acquiring” Garoppolo in the event that Watson’s suspension “significantly increases.” The latter was handed a six-game ban for violating the league’s personal conduct policy. That fell roughly in line with what the Browns had been anticipating, leading many to believe that they would turn to backup Jacoby Brissett for the beginning of the season.
As expected, however, the league has appealed the suspension. Just as it did during Watson’s disciplinary hearing, the NFL will once again push for a year-long ban while appealing to designee Peter Harvey. That process is expected to result in a significant increase in the number of games Watson will be made unavailable for. With the Browns built for immediate playoff contention, that would add to their level of urgency in acquiring a more proven signal-caller.
The possibility of Cleveland trading for Garoppolo isn’t new, of course. It was reported last month, however, that the Browns were not considering a move to land the veteran 49er. Garoppolo, 30, has one year remaining on his current contract with a non-guaranteed salary of just over $24MM. That figure has led to recent speculation that San Francisco will hold on to him as long as possible to see if any significant trade market materializes in the coming weeks.
On that point, NBC Sports’ Matt Maiocco confirms that it is “unlikely at this point” that any team would trade for Garoppolo without him negotiating a new contract lowering his 2022 cap hit. The one potential exception to that, though, remains Cleveland; with nearly $49MM in cap space, the team could comfortably absorb Garoppolo’s contract and use him as a placeholder in Watson’s absence.
With the league looking to keep Watson sidelined during the preseason, an announcement on the appeal could be coming very soon. Once it does, attention will once again turn to the Browns’ QB plans, and where Garoppolo could fit into them.
Pending home sales fell 20% in June as mortgage rates soared
A “Sale Pending” sign outside a house in Discovery Bay, California, on Thursday, March 31, 2022.
David Paul Morris | Bloomberg | Getty Images
Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday.
That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply.
On a monthly basis, pending home sales fell a wider-than-expected 8.6% in June. A Dow Jones survey of economists had predicted a 1% drop.
The steep declines coincided with a sharp jump in mortgage interest rates. The average on the 30-year fixed loan crossed over 6% in the middle of June, according to Mortgage News Daily. It started the year around 3%. Those high rates and inflation in the general economy are hitting buyer sentiment hard.
“Contract signings to buy a home will keep tumbling down as long as mortgage rates keep climbing, as has happened this year to date,” said Lawrence Yun, chief economist for NAR. “There are indications that mortgage rates may be topping or very close to a cyclical high in July. If so, pending contracts should also begin to stabilize.”
The drop in sales was widespread, with the South and West seeing the worst of it. In the Northeast, pending sales fell 6.7% compared with May and were down 17.6% from June 2021. Sales were off 3.8% for the month in the Midwest and down 13.4% annually.
In the South, sales declined 8.9% monthly and 19.2% from the previous year. The results were worst in the West as sales tumbled 15.9% monthly and 30.9% from June 2021.
Another report on sales of newly built homes in June, which are also counted by signed contracts, showed a similar drop, according to the U.S. Census. Builders are now offering more incentives to offload rising inventory, although prices are still higher than they were a year ago.
The NAR is now forecasting total sales for this year will be down 13%, but that they should start to rise in early 2023. But that upbeat forecast does depend on mortgage rate levels.
“Looking ahead, a slowdown in economic activity and pullback in business investments could lead to a moderation in the pace of mortgage rate gains, as investors shift allocations toward the safety of bonds,” said George Ratiu, senior economist at Realtor.com. “Combined with the increase in housing supply, we could see improved opportunities for homebuyers later in the year.”
Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates
Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant.
By Wolf Richter for WOLF STREET.
For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that pointed out over and over again that people weren’t putting their old homes on the market after they’d bought a new home, and that these people now owned two or three homes and that they were going to ride up the hottest real estate market ever where prices soared 20% or 30% or more per year, and then they’d sell those vacant homes which no one had ever counted as vacant.
And because they already lived in a home, they could sell their vacant homes without having to buy another home. This is the “shadow inventory” that is now coming on the market, just when mortgage rates have spiked, and sales are plunging. And to get things moving, price reductions are spiking.
Pent-up supply, plunging sales: it’s just the beginning, but it is happening.
Active listings jumped in June by 20% from May, and by 19% from a year ago, the second year-over-year increase in a row, after an 8% jump in May, and both were the first year-over-year increases since June 2019. There were about 98,000 more homes listed for sale in June than a year ago, according to data from the National Association of Realtors today (data at realtor.com):
Active listings jumped for two reasons:
ONE, pending sales in June plunged by 16% year-over-year, after the 12% drop in May, and the 9% drop in April, as potential buyers lost interest in sky-high home prices and holy-moly mortgage rates. These are listings in various stages of the sales process, but before the deal closes. June was the 10th month in a row of year-over-year declines. Back in June, the NAR had reported that “closed” sales in May also dropped for the 10th month in a row. And this doesn’t bode well for closed sales in June:
TWO, new listings rose in June to 562,000 homes, the second highest June in recent years, behind only June 2019. And interestingly, new listings rose in June, when in normal years they peaked in May and dropped in June. I circled the prior Junes (data via realtor.com).
Price reductions spiked by 50% in June from May and about doubled year-over-year, as sellers are trying to get buyers to show up and take a look as foot traffic has dropped and bidding wars have receded into fond memories. This is a sudden reset. But more sellers are coming to grips with a new reality: Prices have to go where the buyers are, and buyers are around somewhere, but they’re a lot lower (data via realtor.com):
Holy-moly mortgage rates – so called because that’s what people utter between their teeth when they first see the mortgage payment for a home they want to buy – are hovering around 6% for a 30-year fixed rate mortgage, roughly double of where they’d been in 2020 (data via realtor.com).
This type of mortgage rate, having doubled from not too long ago, and home prices that have spiked by 40% or more over the same two-year period make for a toxic mix. Something has to give, and it’s not going to be the buyers – because they can’t, they’re boxed in – but the sellers. Or there is no deal.
And buyers who could buy, the infamous cash buyers, they don’t want to buy at those prices either, now that the craziness is hissing out of the market. No one wants to overpay at the insane peak of what was a totally crazy market.
Huge difference in listings among the 50 largest metros.
Among the largest 50 metros, the number of active listings in June spiked the most in Austin (+144% year-over-year), Phoenix (+113%), and Raleigh (112%). In 31 other metros, active listings surged by the double-digits. And active listings fell in only a handful of metros, led by Chicago (-13%), Virginia Beach (-14%), and Miami (-16%).
The table is sorted by the year-over-year percent change of active listings (data via realtor.com):
| Largest Metros, Active Listings, June 2022 | % Change YoY |
| Austin-Round Rock, TX | 144% |
| Phoenix-Mesa-Scottsdale, AZ | 113% |
| Raleigh, NC | 112% |
| Salt Lake City, UT | 98% |
| Nashville-Davidson–Murfreesboro–Franklin, TN | 86% |
| Riverside-San Bernardino-Ontario, CA | 72% |
| Seattle-Tacoma-Bellevue, WA | 66% |
| Sacramento–Roseville–Arden-Arcade, CA | 65% |
| Dallas-Fort Worth-Arlington, TX | 62% |
| Denver-Aurora-Lakewood, CO | 58% |
| Tampa-St. Petersburg-Clearwater, FL | 56% |
| Tucson, AZ | 55% |
| San Antonio-New Braunfels, TX | 54% |
| San Francisco-Oakland-Hayward, CA | 46% |
| Las Vegas-Henderson-Paradise, NV | 45% |
| Jacksonville, FL | 38% |
| Oklahoma City, OK | 37% |
| Charlotte-Concord-Gastonia, NC-SC | 37% |
| San Jose-Sunnyvale-Santa Clara, CA | 34% |
| Memphis, Tenn.-MS-AR | 33% |
| Orlando-Kissimmee-Sanford, FL | 31% |
| Portland-Vancouver-Hillsboro, OR-WA | 31% |
| Kansas City, MO | 28% |
| Birmingham-Hoover, AL | 26% |
| San Diego-Carlsbad, CA | 25% |
| Atlanta-Sandy Springs-Roswell, GA | 23% |
| Indianapolis-Carmel-Anderson, IN | 22% |
| Louisville/Jefferson County, KY-IN | 22% |
| Los Angeles-Long Beach-Anaheim, CA | 20% |
| Detroit-Warren-Dearborn, MI | 18% |
| New Orleans-Metairie, LA | 16% |
| Buffalo-Cheektowaga-Niagara Falls, NY | 13% |
| Columbus, OH | 12% |
| Houston-The Woodlands-Sugar Land, TX | 10% |
| Providence-Warwick, RI-MA | 6% |
| St. Louis, MO-IL | 5% |
| Cincinnati, OH-KY-IN | 5% |
| Pittsburgh, PA | 4% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2% |
| Baltimore-Columbia-Towson, MD | 1% |
| Boston-Cambridge-Newton, MA-NH | 0% |
| New York-Newark-Jersey City, NY-NJ-PA | 0% |
| Minneapolis-St. Paul-Bloomington, MN-WI | 0% |
| Cleveland-Elyria, OH | -2% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | -2% |
| Rochester, NY | -4% |
| Milwaukee-Waukesha-West Allis, WI | -4% |
| Richmond, VA | -6% |
| Chicago-Naperville-Elgin, IL-IN-WI | -13% |
| Virginia Beach-Norfolk-Newport News, VA-NC | -14% |
| Miami-Fort Lauderdale-West Palm Beach, FL | -16% |
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