The chief executives of the six largest U.S. banks will testify before Congress in back-to-back May hearings before the Senate Banking and House Financial Services committees, the panels announced Thursday. The CEOS of JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs will appear for virtual hearings with the Senate Banking Committee on May 26 and the House Financial Services Committee on May 27, according to the announcement. The leaders of those six banks, plus State Street and Bank of New York Mellon, appeared before the Financial Services panel in 2019, shortly after Democrats took control of the House and handed the committee gavel to Rep. Maxine Waters Maxine Moore Waters Maxine Waters: 'Hard to believe' officer meant to use Taser on Daunte Wright Boehner finally calls it as he sees it 10 Democrats join NAACP lawsuit against Trump MORE (D-Calif.) ADVERTISEMENT President Biden Joe Biden … [Read more...] about Big bank CEOS to testify before Congress in May
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Photo-Illustration: The Strategist; Photos: Retailers Today’s sales roundup is a mix of deals to be enjoyed both indoors and out, like a lightweight cycling helmet, a silk-pillowcase sleep set, and a spring-ready wrap dress . (And if you’d like to get ahead on Mother’s Day shopping, there are lots of gift-worthy picks for Mom, too.) Amazon Basics Large Wire Storage Baskets (Set of 3) $40 now 13% off $35 If a year spent indoors has made spring cleaning feel particularly daunting, try these stackable wire baskets, which can hold everything from pantry essentials to bath towels and make it look nice, too. $35 at Amazon Buy Arteza Classic Travel Watercolor Paint Set with Water Brush Pen $14 now 21% off $11 If you (or Mom) are in need of a new hobby, painter Ashley Longshore tipped us off to Arteza’s watercolor paper , which is the “perfect medium between too smooth and too rough.” … [Read more...] about 11 Things on Sale You’ll Actually Want to Buy: From Oakley to Anker
It has been a difficult year for the Pac-12 Networks, which lost football inventory, tens of millions in revenue and dozens of staff members. But the other side of the pandemic could bring unexpected success in one aspect of the core mission. Assuming college sports return to normal in the fall, the conference’s wholly-owned media company is projected to produce a record surplus in the 2022 fiscal year. Current estimates call for a net surplus of $45 million, resulting in distributions of $3.75 million per campus, according to a Hotline source familiar with budget projections. That figure is approximately $1 million more per campus than the last publicly reported payout, of approximately $2.8 million per school, from the 2019 fiscal year. The FY20 payouts are expected to have increased slightly from that point and will be reported by the conference this spring with the release of its 990 tax filings. The FY21 payouts are in flux and will feel the full impact of the … [Read more...] about Pac-12 Networks: Record surplus expected in FY22, assuming normalcy returns
DETROIT (AP) — The global shortage of semiconductors has forced General Motors and Ford to further cut production at their North American factories as chip supplies seem to be growing tighter. The shutdowns likely will crimp dealer inventory of vehicles made at the plants. READ MORE: Bill Calling For Expansion Of Supreme Court Slammed As 'Court Packing' By Republicans -- But What Does That Mean? GM says it has managed to keep humming factories that make hot-selling and very profitable full-size pickup trucks and SUVs. “GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products,” the company said Thursday in a statement. The chip shortage has already been rippling through various markets since last summer. It has made it difficult for schools to buy enough laptops for students forced to learn from home, delayed the release of popular products such as the iPhone 12 and created mad scrambles to find the latest video game … [Read more...] about Chip Shortage Forces More Production Cuts By GM, Ford
CHICAGO — The stranger’s call came when Dianne Green needed it most. Alone in the home where she’d raised four kids, grieving recently deceased relatives, too fearful of COVID-19 to see her grandkids and great-grandbabies, she had never felt lonelier. Then, one day last spring, her cell phone lit up. The cheerful voice on the line was Janine Blezien, a nurse from a Chicago hospital’s “friendly caller” program, created during the pandemic to help lonely seniors cope with isolation. Blezien, 57, lives with her rescue dogs, Gordy and Kasey, in a suburban brick bungalow, just six miles from Green’s two-flat apartment in the city. “She wasn’t scripted. She seemed like she was genuinely caring,” said Green, 68, a retired dispatcher for the city’s water department. The two women started talking often and became friends without ever setting eyes on each other. “I called her my angel.” Rampant loneliness existed long before COVID-19, and experts believe it’s now worse. Evidence … [Read more...] about Loneliness is rampant. A simple call, or hug, may be a cure.