Markets

Billionaire Chamath Palihapitiya says big companies shouldn’t receive a ‘single extra dollar’ of stimulus and Congress should pay ordinary Americans instead

Billionaire investor Chamath Palihapitiya said large corporations should not receive a “single extra dollar” of stimulus and Congress should prioritise putting money in Americans’ pockets instead. At the CNBC Institutional Investor Delivering Alpha conference Palihapitiya criticised the “idiotic forms of capital allocation” of big companies. He said the only way […]
Billionaire Chamath Palihapitiya says big companies shouldn’t receive a ‘single extra dollar’ of stimulus and Congress should pay ordinary Americans instead
News

California set bail at $0 for most non-violent crimes during the COVID-19 pandemic. But an exception was left for looting meaning those in LA could be jailed as the infection spreads.

Los Angeles County District Attorney Jackie Lacey said this week that she will be setting bail for defendants accused of looting. In April, California’s Judicial Council said most non-violent crimes should come with $US0 bail in order to reduce jail populations during the coronavirus pandemic. The council provided an exception […]
California set bail at $0 for most non-violent crimes during the COVID-19 pandemic. But an exception was left for looting meaning those in LA could be jailed as the infection spreads.
News

‘He had the misfortune to be a wealthy man in the #metoo era’: Epstein’s lawyer blames prosecutors, jailers, judge, and reporters for his client’s death

After Jeffrey Epstein died by apparent suicide early Saturday morning, one of his lawyers, Marc Fernich, emailed a statement to New York City courts reporter John Riley calling for a full investigation into the circumstances surrounding his client’s death. Fernich alleged that “overzealous prosecutors” jailed Epstein despite him being a […]
‘He had the misfortune to be a wealthy man in the #metoo era’: Epstein’s lawyer blames prosecutors, jailers, judge, and reporters for his client’s death
News

Judge denies Jeffrey Epstein’s bail request, so the wealthy financier will have to wait in jail for his trial on sex trafficking of minors and conspiracy charges

US District Judge Richard Berman announced his decision to deny wealthy financier and convicted sex offender Jeffrey Epstein‘s bail request Thursday morning in the US District Court for the Southern District of New York. Berman’s decision came after a bail hearing in which federal prosecutors and two of Epstein’s accusers […]
Judge denies Jeffrey Epstein’s bail request, so the wealthy financier will have to wait in jail for his trial on sex trafficking of minors and conspiracy charges
Lifestyle

Carlos Ghosn’s wealth and power made it ‘easy for him to flee’ Japan, prosecutors say. Meet Nissan’s disgraced former chairman, who reportedly escaped to Lebanon by stowing away in a box for musical instruments.

Carlos Ghosn, 64, amassed a $US120 million net worth while he was the head ranking official at the Nissan-Renault-MitsubishiMotors automotive alliance over the past two decades. Ghosn reportedly fled Japan for Lebanon on December 30 by hiding in a box meant for musical instruments on a private jet, violating the […]
Carlos Ghosn’s wealth and power made it ‘easy for him to flee’ Japan, prosecutors say. Meet Nissan’s disgraced former chairman, who reportedly escaped to Lebanon by stowing away in a box for musical instruments.