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Articles on this Page
- 11/12/18--15:22: _This $20 billion st...
- 11/12/18--15:24: _3 great TV shows to...
- 11/12/18--15:36: _When Michelle Obama...
- 11/12/18--15:41: _UFC fighters share ...
- 11/12/18--15:46: _11 unforgettable qu...
- 11/12/18--15:59: _Despite predictions...
- 11/12/18--16:27: _Here's how the regt...
- 11/12/18--17:29: _Acting attorney gen...
- 11/12/18--19:14: _At least 3 people w...
- 11/12/18--20:28: _It looks like Homel...
- 11/12/18--20:59: _Amazon reportedly p...
- 11/12/18--21:38: _Man who ran down 6 ...
- 11/12/18--23:10: _The 10 most importa...
- 11/13/18--09:02: _Amazon HQ2 is heade...
- 11/13/18--09:03: _Hilary Duff ate her...
- 11/13/18--09:11: _Amazon is getting m...
- 11/13/18--09:18: _How much money you ...
- 11/13/18--09:18: _A crypto exchange h...
- 11/13/18--09:20: _'A Star Is Born' or...
- 11/13/18--09:21: _Cara Delevingne tex...
- Palantir Technologies— a Palo Alto, California-based analytics company last valued at $20 billion — seeks to reach profitability in 2019 and eyes a potential IPO in 2020.
- To do so, the company will need to curb its culture of excessive spending, according to a Wall Street Journal report.
- Reportedly called the “Palantir Entitlement Syndrome," its team has become accustomed to next-level corporate extravagance, like 13-course tasting-menu lunches.
- The company is said to have begun cutting back on travel perks and reportedly fired employees for expensing off-the-wall purchases like lingerie.
- Former First Lady Michelle Obama shared an anecdote about telling her mother that she hated being a lawyer in her early career in an interview with Oprah Winfrey published in Town & Country.
- Obama's mother gave her a key piece of perspective, telling her to "make the money, worry about being happy later."
- Obama's memoir "Becoming" is set to be released on November 13.
- Yair Rodriguez and Chan Sung "The Korean Zombie" Jung had a fight for the ages in the main event of UFC Fight Night 139.
- With just seconds left in the fight, Rodriguez landed a blind elbow on Jung's jaw to turn an assured decision loss into a miraculous knockout win.
- After the fight, both fighters took a photo together as they recovered in the hospital.
- 11/12/18--15:46: 11 unforgettable quotes about life from Marvel legend Stan Lee
- YouTube's biggest star is still PewDiePie, who just reached 70 million subscribers.
- Researchers have predicted that PewDiePie, aka Felix Kjellberg, would be dethroned by the Indian music channel T-Series, but that has yet to happen.
- Kjellberg has still seen support from fans and popularity in the YouTube community despite a long history of disparaging racist and anti-Semitic remarks.
- Regulatory compliance is still a significant issue faced by global FIs. In 2018 alone, EU regulations MiFID II and PSD2 have come into effect, bringing with them huge handbooks and gigantic reporting requirements.
- Regtech startups boast solutions that can ease FIs' compliance burden — but they are struggling to scale.
- Some changes expected to drive greater adoption of these solutions in the next 12 to 18 months are: the ongoing evolution of startups' business models, increasing numbers of partnerships, regulators' promotion of regtech, changing attitudes to the segment among FIs, and consultancies helping to facilitate adoption.
- FIs will actively be using solutions from regtech startups by 2020, and startups will be collaborating in an organized fashion with each other and with FIs. Global regulators will have adopted regtech themselves, while continuing to act as advocates for the industry.
- Reviews the major changes expected to hit the regtech segment in the next 12 to 18 months.
- Examines the drivers behind these changes, and how the proliferation of regtech will improve compliance for FIs.
Provides our view on what the future of the regtech industry looks like through 2020.
- Acting Attorney General Matthew Whitaker will consult with top DOJ ethics officials about whether he should recuse himself from the Russia investigation, a department spokesperson said.
- The news is significant – Whitaker has a long history of making controversial and antagonistic remarks about the special counsel Robert Mueller and the Russia investigation which throw his independence into question.
- If Whitaker were to recuse himself, Deputy Attorney General Rod Rosenstein would resume oversight of the Russia investigation.
- Police in Albuquerque, New Mexico, are responding to reports of a shooting at a warehouse in the southeastern area of the city. At least three people have been taken to a hospital, one is in critical condition. The conditions of the two others were not immediately known.
- The call was reported at the 3200 block of Broadway SE at 6:15 p.m. local time, about four miles from the city center.
- The Albuquerque Police Department said "the shooter is currently not in custody." They have identified the suspected gunman as Waid Anthony Melton.
- Police have urged locals to shelter in place while the investigation is underway.
- Homeland Security Secretary Kirstjen Nielsen is reportedly being forced out of her position soon, sources said in a Washington Post report.
- Nielsen's departure is expected as soon as this week, The Post reported. The newspaper said Trump has told aides he wants her out of her role as soon as possible.
- Nielsen served in her role for nearly one year, after replacing White House chief of staff John Kelly in December 2017.
- Nielsen's role in the Trump administration was uncertain after she reportedly drafted a resignation letter in May.
- Amazon is said to be close to selecting two cities as the site of its second headquarters, dubbed HQ2: the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The Wall Street Journal and several other news outlets reported Monday night.
- The reported selection follows nearly a year of lobbying by cities and regions across the US and Canada.
- The Washington, DC, metro area was long seen as the front-runner for the contest, with Northern Virginia specifically seeming to pull ahead in recent months.
- The Wall Street Journal reported last week that the e-commerce giant was considering a plan to develop its second headquarters in two different cities, with 25,000 employees at each of the campuses.
- Amazon made an important investment in Seattle, and it highlights a key issue for HQ2
- Amazon HQ2 candidates are going to great lengths to keep their plans secret
- HQ2 is making cities consider projects they've been ignoring for years — and it shows the power of Amazon
- 7 horrible things that could happen to cities if they win Amazon's HQ2 bid
- The cities where homeowners will benefit the most if Amazon's second headquarters lands there
- A man who deliberately ran down pedestrians in Australia's second-largest city has been found guilty of murdering six pedestrians and recklessly injuring another 27.
- In January 2017, James Gargasoulas, 28, struck down dozens of pedestrians after mounting the pavement in Melbourne's busy Bourke Street shopping area.
- Six people, including a 10-year-old girl, were killed in the attack. Dozens of others, including a 3-month-old baby, were injured.
- Gargasoulas pleaded not guilty but admitted to the court that he was driving the vehicle at the time of the incident and was motivated by drug-induced psychosis.
- The man previously told the jury that he had a premonition from God about running people over on Bourke Street shortly before the incident.
- 11/12/18--23:10: The 10 most important things in the world right now
- Amazon has chosen the Long Island City neighborhood of Queens, New York, and the Crystal City area of Arlington, Virginia for its second headquarters, HQ2.
- Crystal City, Virginia, is an urban neighborhood in the Washington, DC metro area where many DC residents live and work.
- Before Amazon's official announcement, we asked DC startups what they thought about the possible arrival. They shared a few concerns.
- In a recent episode of the "Informed Pregnancy" podcast, Hilary Duff said she consumed her placenta in smoothies after giving birth to her second child, People reported.
- Some claim that the practice has benefits like improving milk supply and preventing postpartumdepression.
- But a recent paper in the American Journal of Obstetrics and Gynecology concluded that eating the placenta is "potentially harmful with no documented benefit."
- Amazon has made its decision on HQ2, and now comes the hard part: delivering.
- Arlington, Virginia and New York City have both offered Amazon millions in incentives in exchange for choosing sites in two districts.
- New York ended up offering about $1 billion more, though.
Read more about Amazon's HQ2:
- Amazon officially announces its HQ2 will be split between New York and Virginia
- Amazon finally explains why it's cutting its second headquarters in half
- Amazon gained a huge perk from its HQ2 contest that's worth far more than any tax break
- Arlington, Virginia, lured in Amazon with promises of a helipad and a cash grant of up to $550 million
- President Donald Trump's tax law resulted in a bump in take-home pay for about 90% of Americans, according to the IRS.
- For people earning $75,000 a year, federal income and FICA taxes amount to $685 per pay period under the new tax law, down from $778.
- That means employees who make $75,000 got a $93 boost per bimonthly paycheck.
- Cryptocurrency exchange HBUS poached a venture capitalist from Draper Athena to flex its investment and M&A muscle.
- The new appointment comes at a time when investments and M&A activities are surging in the crypto field.
- Coinbase just poached a LinkedIn exec to lead an acquisition spree as the firm's first M&A boss
- Coinbase, the cryptocurrency powerhouse, has doubled its staff to 500 even amid bitcoin market rout
- Citigroup has created a new, less risky way of investing in crypto — and it may be a game changer for the industry
- 11/13/18--09:20: 'A Star Is Born' originally had a different ending
- In October, Cara Delevingne made a splash at Princess Eugenie's wedding when she showed up wearing a black top hat and tailcoat.
- Some wondered whether the model broke the dress code Eugenie and Jack Brooksbank had reportedly issued to their guests, which asked women to wear a "day dress with a hat."
- According to the Daily Mail, Delevingne has now revealed to Grazia magazine that her outfit was approved by the princess herself before the royal's big day.
- The model told Grazia that she texted the princess to ask permission to wear the suit, and Eugenie said, "Of course, I expected nothing else from you!"
Palantir — a Silicon Valley-based analytics company credited with helping the United States find Osama bin Laden — is trying to tamp down on its culture of corporate spending ahead of a 2020 IPO, according to a Wall Street Journal report on Monday.
Dubbed the “Palantir Entitlement Syndrome," Palantir employees have become accustomed to next-level corporate extravagance, like 13-course tasting-menu lunches at its headquarters complete with lobster tails and sashimi, according to the report.
When perks have been threatened by management in the past, employees have resisted en masse, according to the report. The Journal reports that a companywide debate broke out after artisanal bacon was nixed from the breakfast menu, in an incident known internally as "bacongate."
However, as Palantir, last valued at $20 billion, seeks to reach profitability in 2019 and eyes a potential public offering in 2020, the 14-year-old company has reportedly begun reeling in some of its spending.
According to the Journal, Palantir has started letting go of some of its office space and slowed its hiring of engineers. At the same time, those lavish perks have apparently come under scrutiny — two employees were fired after expensing lingerie and suits, the Journal reports, citing people familiar with the incident. Similarly, last-minute international-business-class travel is no longer an acceptable expense.
Read the full Wall Street Journal report here.
Palantir did not immediately respond to Business Insider's request for comment.
There’s so much TV to choose from that it’s really easy to get stuck on what to start watching.
But we're here to make your streaming dreams come true by choosing what to watch for you. Every week, we put together a list of three great shows you should watch.
Here, you’ll find shows you can finish in a day, and some you can at least get started on. We mix shows that have recently come onto the service with some old favorites you might have missed.
From a new season of "The Great British Baking Show" to The CW's underrated royal drama "Reign," here are three great TV shows you can binge-watch on Netflix this week:
"The Great British Baking Show"
Since there’s a new slew of episodes coming to Netflix Friday, its a good time to revisit “The Great British Baking Show” or to catch up on the calming competition series as everyone is talking about it again. This feel-good reality show will make you realize you don’t actually know what baking is, and you’ll never feel more emotion than when a contestant throws out their Baked Alaska.
"Reign" isn't usually historically accurate, but it is a good, easy and dramatic binge well-suited for people who love historical content. The first season is a bit of a drag, but by the end of its run on The CW in 2017, it had gained momentum, burning through plots at a rapid pace that make it worth watching.
Netflix description: After helping thwart a terrorist attack, a war veteran is assigned to protect a politician who was a major proponent of the conflict he fought in.
We recommended this fast-paced British series starring Richard Madden (Robb Stark from "Game of Thrones") a few weeks ago, but we're telling you again, because it's so good. The show excels at surprising viewers, and will leave you on the edge of your seat. What it lacks in thoughtful character development, it makes up for in intense action sequences and an engrossing, though far-fetched plot.
Visit INSIDER's homepage for more.
See the rest of the story at Business Insider
Former First Lady Michelle Obama's mother gave her a key piece of perspective at an important turning point in her career.
The women discussed the former First Lady's journey from her working-class upbringing on the South Side of Chicago to becoming a lawyer. Obama described her sense of pushing herself on a particular life path:
"In the book, I take you on the journey of who that little striving star-getter became, which is what a lot of hard-driving kids become: a box checker. Get good grades: check. Apply to the best schools, get into Princeton: check. Get there, what's your major? Uh, something that's going to get me good grades so I can get into law school, I guess? Check. Get through law school: check."
Obama did not enjoy her time in a law firm. Winfrey quoted Obama from her memoir as saying that she "hated being a lawyer." She described her feelings of doubt about her career path, saying, "I wasn't a swerver. I wasn't somebody that was going to take risks. I narrowed myself to being this thing I thought I should be."
Obama said she remembers the moment she confided in her mother about disliking her job, in which she spent much of her time "doing document production."
"So I shared with her in the car: I'm just not happy I don't feel my passion," Obama said. "And my mother — my uninvolved, live-and-let-live mother — said, 'Make the money, worry about being happy later.' I was like [gulps], Oh. Okay. Because how indulgent that must have felt to my mother..."
She continued: "When she said that, I thought, Wow — what — where did I come from, with all my luxury and wanting my passion? The luxury to even be able to decide — when she didn't get to go back to work and start finding herself until after she got us into high school. So, yes. It was hard."
Eventually, she met Barack Obama, who she says was "the opposite of a box checker. He was swerving all over the place."
The interview and Obama's memoir include several other intimate and personal details of Obama's path from Chicago to the White House, including her early relationship with her husband, former President Barack Obama, and the challenges she faced in conceiving her children.
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On Saturday night, UFC hosted a fight for the ages between Yair Rodriguez and Chan Sung "The Korean Zombie" Jung in the main event of UFC Fight Night 139.
Over the course of five rounds, the two fighters launched attack after brutal attack, but neither could find a way to end their opponent for good.
With the fight entering its closing seconds, it looked as though Jung had the win secured, having likely beaten Rodriguez on points if the bout was to go to a decision. But then, just two seconds before the final bell sounds, Rodriguez connected with a blindly thrown elbow that caught Jung right in the jaw and knocked him out.
It was as stunning an end to an already epic fight as you could have imagined.
1 second left... No better way to go out on the 25th Anniversary! pic.twitter.com/aGg1Z0bAeO— FOX Sports: UFC (@UFCONFOX) November 11, 2018
After the fight, UFC president Dana White called it the "craziest finish ever" when asked to put the last-second knockout in context of other dramatic endings in the history of the promotion.
"There was one second left on the clock when he landed that elbow," White said. "Yair was losing 4-to-1. 'Zombie' had the fight in the bag, he had one second to go and, wow, what a finish."
Both fighters were hospitalized after the fight, but seemed in good spirits, even sharing a photo as they recovered together.
De esto se tratan las #MMA . @koreanzombiemma es un guerrero. Me siento honrado de haber tenido la oportunidad de combatir en contra de ti , esta ha sido la pelea más dura que he tenido y la más significativa también. @koreanzombiemma que te recuperes pronto guerrero! . @ufc @ufcespanol . This is how #MMA is treated. @koreanzombiemma is a warrior. I am honored to have had the opportunity to fight against you, this has been the toughest fight I have ever had and the most significant one as well. @koreanzombiemma you recover soon warrior! . @ufc @ufcespanol
"This is how #MMA is treated," Rodriguez wrote in the caption. "@koreanzombiemma is a warrior. I am honored to have had the opportunity to fight against you, this has been the toughest fight I have ever had and the most significant one as well. @koreanzombiemma you recover soon warrior!"
Hopefully, these two recover quickly because there's surely room for a rematch if UFC wants to book it.
Stan Lee died at the age of 95 on Monday. Throughout his life, the legendary creator of many beloved Marvel superheroes won fans over with his passion for storytelling and sense of humor.
He used comics books to touch on racism and inequalities, particularly in the X-Men universe. Lee's interviews were filled with candid comments regarding his motivation, influential people in his life, and explanations of why fans are so fascinated by superheroes.
Here are Lee's 11 most memorable, heartfelt, and powerful quotes from his interviews.
"I have always included minority characters in my stories, often as heroes. We live in a diverse society — in fact, a diverse world, and we must learn to live in peace and with respect for each other."
Lee hoped that the RESPECT Initiative he launched in 2016 would encourage people to be more accepting and inclusive of others. He also designed special pins that featured black and white hands shaking.
"The pleasure of reading a story and wondering what will come next for the hero is a pleasure that has lasted for centuries and, I think, will always be with us."
In a 2012 interview with Huffington Post, Lee weighed in on people enjoying comics through tablets and smartphones, rather than printed pages. He added that the online format "can be interactive in many different ways, allowing the reader to feel like a participant in the story."
"If I'm half as good as everybody said I am, I'm far too good to be wasting time with ordinary people. But I seem to be spending my life with ordinary people, who are the best people in the world."
See the rest of the story at Business Insider
The pundits predicted that a new content creator would be crowned YouTube's biggest star come November, but the title still belongs to the Swedish vlogger PewDiePie.
PewDiePie became the first YouTuber to reach the 70-million subscriber mark, beating out the Indian music channel T-Series who has been quickly gaining ground. Research firms predicted that T-Series would overtake PewDiePie — who real name is Felix Kjellberg — by the end of October, but the content creator still led Monday by almost half a million subscribers.
Kjellberg has managed to keep his spot atop YouTube despite a history of making offensive remarks in his videos. Most recently, Kjellberg landed in hot water this summer over a (since deleted) Twitter post. Following Demi Lovato's hospitalization for an apparent drug overdose, Kjellberg tweeted out a comic that depicted Lovato asking her mom for money to buy a burger, then instead using it to buy heroin.
Although his subscriber base has remained loyal throughout his controversial past, YouTube itself has punished the creator for his actions. News surfaced in February 2017 that nine videos published on PewDiePie's channel featured Kjellberg making anti-Semitic comments, and the video platform responded by cancelling the second season of Kjellberg's original series on YouTube Premium.
This sordid history hasn't stopped other YouTube influencers from calling on their fans to support Kjellberg in securing his spot atop YouTube. Tubefilter reports that fellow YouTube creator MrBeast campaigned heartily for Kjellberg through stints on local radio and purchases of advertisements on TV, websites, and billboards.
It's worth nothing that this title of "YouTube's biggest star" is based on the number of subscribers. Based on viewership, PewDiePie sits down at No. 7 on a leaderboard from research firm Social Blade. T-Series, however, leads all of YouTube in terms of viewership with more than 53 billion all-time video views.
As of Monday, research firm Tubular Labs revised its estimates to predict that T-Series would overtake PewDiePie for the most subscribers on November 30.
Meanwhile, PewDiePie posted on Twitter that he's already eyeing 100 million subscribers.
100 mil next lol, this is craaazyy pic.twitter.com/LO2q5Yggv8— ƿ૯ωძɿ૯ƿɿ૯ (@pewdiepie) November 10, 2018
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Regtech solutions seemed to offer the solution to financial institutions' (FIs) compliance woes when they first came to prominence around 24 months ago, gaining support from regulators and investors alike.
However, many of the companies offering these solutions haven't scaled as might have been expected from the initial hype, and have failed to follow the trajectory of firms in other segments of fintech.
This unexpected inertia in the regtech industry is likely to resolve over the next 12-18 months as other factors come into play that shift FIs' approach to regtech solutions, and as the companies offering them evolve. External factors driving this change include regulatory support of regtech solutions, and consultancies offering more help to FIs wanting to sift through solutions. Startups offering regtech solutions will also play a part by partnering with each other, forming industry organizations, and taking advantage of new opportunities.
This report from Business Insider Intelligence, Business Insider's premium research service, provides a brief overview of the current global financial regulatory compliance landscape, and the regtech industry's position within it. It then details the major drivers that will shift the dial on FIs' adoption of regtech over the next 12-18 months, as well as those that will propel startups offering regtech solutions to new heights. Finally, it outlines what impact these drivers will have, and gives insight into what the global regtech industry will look like by 2020.
Here are some of the key takeaways:
In full, the report:
Acting Attorney General Matthew Whitaker will consult with ethics officials at the Department of Justice (DOJ) about whether a recusal from overseeing the Russia investigation is warranted, according to a DOJ spokesperson.
"Acting Attorney General Matt Whitaker is fully committed to following all appropriate processes and procedures at the Department of Justice, including consulting with senior ethics officials on his oversight responsibilities and matters that may warrant recusal," the spokesperson said in a statement.
The news is significant — it comes after a steady stream of revelations about Whitaker's history of making antagonistic comments about the Russia investigation and the special counsel Robert Mueller. If Whitaker were to recuse himself, Deputy Attorney General Rod Rosenstein would resume oversight of the investigation. Though DOJ officials typically follow the recommendations of ethics officials, they are not required to do so.
Mueller is investigating Russia's interference in the 2016 US election, whether members of President Donald Trump's campaign colluded with Moscow, and whether Trump sought to obstruct justice after he learned of the investigation's existence last year.
Trump last week ousted then Attorney General Jeff Sessions and replaced him with Whitaker following months of resentment toward Sessions for recusing himself from overseeing the investigation last year. Trump took a liking to Whitaker after he saw him on CNN last year criticizing Mueller and espousing more partisan views about the Russia investigation.
Once described as the West Wing's "eyes and ears" in the Justice Department, Whitaker has publicly mused about gutting the Russia investigation. As recently as last week, it was believed that Whitaker does not plan to recuse himself from overseeing the inquiry, and The Washington Post also reported that if Mueller wanted to subpoena the president, Whitaker would not allow it.
Among other things, Whitaker wrote in a CNN op-ed article last year that Mueller had overstepped his mandate by digging into the Trump Organization's finances. He has said, without evidence, that there was "no collusion" between the Trump campaign and Russia. And audio recently resurfaced of Whitaker falsely accusing "the left" of sowing "this theory that essentially Russians interfered with the US election," a theory he claimed had been disproved and did not affect the election.
While he was Sessions' chief of staff, Whitaker met with Trump in the Oval Office more than a dozen times, The Washington Post reported, adding that whenever Trump complained about the Russia investigation, Whitaker "often smiled knowingly and nodded in assent."
Police in Albuquerque, New Mexico, are responding to reports of a shooting at a warehouse in the southeastern area of the city. Local news media reported at least three people shot, citing Albuquerque police.
The call was reported at Ben E. Keith Foods, a food-distrbution warehouse on the 3200 block of Broadway SE at 6:15 p.m. local time, about four miles from the city center.
Albuquerque police identified a potential suspect as Waid Anthony Melton, who is an employee at the business.
The University of New Mexico Health Sciences Center said on Twitter that it received three patients from the incident.
Police have urged locals to shelter in place while the investigation is underway.
This is a developing story. Refresh this page for updates.
After months of contention with President Donald Trump, Homeland Security secretary Kirstjen Nielsen is reportedly being forced out of her position soon, five current and former officials said in a Washington Post report published Monday.
Nielsen's departure is reportedly expected as soon as this week, The Post said. The newspaper reported that Trump told aides he wants her out of her role as soon as possible. Nielsen served in her role for nearly one year, after replacing White House chief of staff John Kelly in December 2017.
The department's press secretary said in a statement to Business Insider that Nielsen was honored to serve in the Trump administration and was committed to continuing her service.
"The Secretary is honored to lead the men and women of DHS and is committed to implementing the President's security-focused agenda to protect Americans from all threats and will continue to do so," the press secretary said.
Nielsen's role in the Trump administration has been uncertain for some time. She reportedly drafted a resignation letter in May. Trump is believed to have berated her in front of other cabinet officials over his belief that she did a poor job securing the US-Mexico border, former officials said in a New York Times report.
Nielsen, who is the leading authority in curbing illegal immigration, said she shared Trump's frustration after news of her alleged letter was made public. A Homeland Security spokesperson later denied the claims of the alleged letter to Business Insider.
"Border security is the most basic and necessary responsibility of a sovereign nation," Nielsen's statement said, following the news of her letter.
Nielsen's colleagues said she was unhappy in her role for several months, and Trump has expressed interest in considering candidates to replace her, The Post reported.
"If I were advising the White House I'd encourage them to nominate someone with executive branch experience," one senior Homeland Security official said to The Post. "This will be our fourth secretary in two years. The last thing we want is someone who needs hand-holding."
Nielsen previously worked as Kelly's chief of staff. She also served in the Homeland Security Council during George W. Bush's administration before working in a private consulting firm.
The long wait is apparently almost over.
Amazon is said to be in talks to develop its second headquarters, HQ2, in the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The Wall Street Journal and several news outlets reported on Monday night, citing people familiar with the plans.
The decision follows more than a year of speculation and lobbying by communities around the US and Canada.
Amazon will likely now get to work planning its new headquarters. It has said it hopes to have at least part of the new campus operational sometime in 2019.
The saga of HQ2 began in September 2017, when the company put out its official request for proposals.
In the request Amazon promised 50,000 jobs and $5 billion in investment to the new host city. Nearly every major metro area in the US threw its hat in the ring.
Amazon had whittled down the list to 20 by December but has barely made a peep about the selection process otherwise.
The New York Times' report later seemingly confirmed that but added that the two selected areas were likely Long Island City and Crystal City. The Times report also confirmed that the deal was close to being finalized.
Selecting two cities is something of a curveball because it was not originally part of the plan that Amazon had proposed for HQ2.
Amazon declined to comment whether it had made a final decision.
The evidence had long been pointing toward the Washington, DC, metro area, which had submitted three separate regions for consideration. Amazon joined DC's chamber of commerce in August. Add to that the fact that Amazon has already had its public-policy and lobbying operations in the district, and the US capital seemed like a shoo-in.
In recent months, the betting odds had quite literally zeroed in on Northern Virginia. The region is in what has been referred to as the "bull's-eye of America's internet," adding to its chances. A local news site, ARLnow.com, said it had seen an unusual spike in traffic from Amazon to an article from December titled "County Wins Top Environmental Award from US Green Building Council," which explained how Virginia's Arlington County was the first in the US to be selected for an environmental award.
There had been less speculation about New York City, but New York Gov. Andrew Cuomo recently made his desire to host Amazon clear.
"I'll change my name to Amazon Cuomo if that's what it takes," Cuomo told reporters on Monday. "Because it would be a great economic boost."
According to NY1, Cuomo reportedly met with Amazon executives in Seattle two weeks ago.
Once Amazon announces its selection, it will begin the more tedious job of working with local business leaders to integrate itself into the community.
More on Amazon's HQ2 project:
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A man who deliberately ran down pedestrians in Australia's second-largest city has been found guilty of murdering six pedestrians and recklessly injuring another 27.
In January 2017, James Gargasoulas, 28, was driving at speeds of over 40 mph (65 kmh) when he mounted the pavement on Melbourne's busy Bourke Street shopping area, the court was told, according to the Australian Broadcasting Corporation.
Six people, including a 10-year-old girl, were killed in the attack. Dozens of others, including a three-month-old baby, were injured.
Police had pursued Gargasoulas through Melbourne's Central Business District shortly before the incident. The car was rammed by police and the driver was shot by officers at the scene. He was accused of stabbing his brother earlier in the day, and police said he had a history of mental health issues and drug abuse.
On Tuesday, the court took just 57 minutes to deliberate before returning the guilty verdict in the Victorian Supreme Court, according to ABC.
CCTV footage from the collision was played during the trial, showing the moments before Gargasoulas deliberately struck down pedestrians on the sidewalk. The driver did not slow down even when a stroller became lodged in his windshield.
Gargasoulas pleaded not guilty but admitted he was driving the vehicle at the time of the incident and was motivated by drug-induced psychosis, ABC said.
"I apologize from my heart but that’s not going to fix anything ... neither will a lengthy sentence fix what I done," he told the jury.
The man had previously told the jury that he had a premonition from God about running people over on Bourke Street shortly before the incident. According to The Age, he began posting "rambling and often nonsensical" posts to Facebook about religion, God, and Satan in the days prior to the car-ramming.
The popular Bourke Street has been the target of several violent attacks. In an unrelated incident on Friday, a man ignited his car and then stabbed three passersby, killing one and injuring two.
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Hello! Here's what's happening on Tuesday.
1. US Homeland Security Secretary Kirstjen Nielsen is reportedly being forced out of her position. Sources say Nielsen's departure is expected as soon as this week.
2. Stan Lee, the former president and chairman of Marvel Comics, died at 95. Here's a look back at his incredible life and career as one of comic's most influential figures.
3. Canadian Prime Minister Justin Trudeau says Canadian intelligence has heard the recordings of Jamal Khashoggi's killing. Turkish President Tayyip Erdogan said that the audio recordings had been given to the US, French, German, and British governments.
4. The US, Russia, and China, among others, refused to sign on to a global cybersecurity pact. The Paris Call for Trust and Security in Cyberspace calls to create international laws for cybersecurity and warfare.
5. Hundreds of rocks rained down as tensions between Israel and Gaza heightened. The barrage of rocket fire comes after Israeli air strikes hit militant group Hamas’ television station and other targets.
6. North Korea is reportedly going forward with its ballistic missile program at 16 hidden bases. Satellite images suggest North Korea offered to dismantle a major launching site but still continued to bolster more than a dozen other sites.
7. Amnesty International withdrew a prestigious human rights award from Myanmar de-facto leader Aung San Suu Kyi. She also was stripped of her honorary Canadian citizenship for failing to prevent human rights abuses.
8. A man who ran down dozens of pedestrians with a car in Australia has been found guilty of murder. Six people, including a 10-year-old girl, were killed in the attack. Dozens of others, including a 3-month-old baby, were injured.
9. Satellite photos of the California wildfires reveal their incredible destruction from space. As of Monday, three major wildfires — the Camp, Hill, and Woolsey fires— have killed dozens of people and scorched hundreds of thousands of acres of forests and infrastructure.
10. Sunrise on Mars has a sound, and scientists have recorded it. "Image sonification" helps scientists understand more about terrain, weather and health issues.
And finally ...
One ticket, two days, 50+ insightful speakers, and 600+ executives. Business Insider's flagship IGNITION conference headliners include Mark Cuban, Janice Min, Sir Martin Sorrell and Barbara Corcoran. Join us for IGNITION, December 3-4, New York City.
When Amazon first revealed its plan in September 2017, it was expected to bring 50,000 new jobs and $50 billion in economic impact to its host city. Now, it will bring roughly 25,000 employees to the two separate locations.
Before the official announcement, all signs pointed to the Washington, DC metro as Amazon's preferred choice. Not only does the metro represent three of the 20 locations on the company's shortlist — Montgomery County, Maryland; Northern Virginia; and DC proper — but Amazon has also begun to expand its presence in the area. The company recently located its cloud business, Amazon Web Services, in Northern Virginia — less than ten minutes away from a plot of land where it intends to build a 600,000-square-foot data-center campus.
Now, the news is official: Crystal City, Virginia — an urban neighborhood in the DC metro where many DC residents live and work — is one of the two winners.
Even before the announcement, DC startups had begun to brace for Amazon's arrival.
For companies just starting out in the DC tech ecosystem, the presence of Amazon could disrupt many aspects of their business, including their ability to afford office space and ensure easy commutes and reasonably priced housing for their employees. Data from Zillow suggests that DC's median rents could rise by $138 per month over the next decade as a result of HQ2.
To gauge the level of fear or excitement in the Washington, DC startup community, we asked a few budding tech companies: Will Amazon be a bully or a big brother?
Amazon's previous urban takeover
When Amazon relocated its headquarters to Seattle's South Lake Union in 2010, the company was far from the behemoth it is today. City planners estimated that the company's 1.6 million square feet of office space would bring around 6,000 new employees to the area — a number that has since risen to around 45,000.
While the new location is located just 15 minutes away from the old one, the economic impact was almost immediate. Apartments began springing up in place of smaller buildings, low-rise offices gave way to towering skyscrapers, and crumbling roads transformed into pristine walkways and green spaces.
These changes didn't just benefit Amazon workers. Seattle now exceeds every other US city in terms of wage increases over the last ten years. While this is partly due to the city's $15 minimum wage law, it's also the result of increased competition among local businesses.
But as Amazon began introducing a new pool of high-tech workers to South Lake Union, something else happened: Traffic increased, housing costs skyrocketed, and the number of homeless people on the streets reached crisis levels. Recent years have seen a string of cafés, bars, restaurants, and local retail shops shutter their doors amid rising rents. A sign outside Pike Place, a former antique shop that closed after 25 years of business, symbolized the downturn: "The rent is too high," it read. "It is time to say goodbye."
Why some startups aren't concerned
Amid changes in their neighborhoods, many Seattleites have taken to warning residents of the future HQ2 city. "The notion that Amazon is going to be your ticket to a glorious future, absent all the other things that a place like Seattle has to offer — that’s delusional," Ed Lazowska, a scientist at the University of Washington, told Politico in October.
These warnings have generated some concern among DC natives and lawmakers. In a comment to The Washington Post, Washington, DC council member Robert White predicted"a lot of potential negatives" from Amazon's arrival, including a rise in already-troubling levels of gentrification and displacement.
But local entrepreneurs aren't convinced that Amazon will do more harm than good.
Like many residents, Ajit Verghese was initially worried about the company locating in Washington, DC. "I pretty much thought, 'This is going to be bad,'" he said. Having witnessed the deleterious effects of the first internet wave on DC's congestion and infrastructure, Verghese feared that an Amazon headquarters would once again place a strain on local resources.
He has since changed his tune. As a general partner at humble ventures, a venture cooperative that connects startups to large companies, Verghese has found that many startups are optimistic about the arrival of Amazon. If the company moved to DC, he said, it could add a number of smart, driven employees to the tech ecosystem.
He's also not particularly concerned about Amazon poaching local talent. "You'll have people cycling into Amazon and people cycling out," he said.
Param Jaggi, the CEO of Hatch Apps — a platform that enables businesses to deploy apps without having to write code — thinks it will be tough for small companies to wrest employees from Amazon's grasp. Instead, he anticipates that Amazon will encourage an influx of tech workers who aren't affiliated with the corporate giant. In the short term, he said, the Amazon headquarters could establish the Washington, DC metro as a leading tech center, and bring further credibility to companies in the area.
His opinion is shared by Scott Case, the president of Upside Business Travel, a booking and itinerary-tracking startup. As the head of a travel company, Case is enthusiastic about the potential increased traffic at Washington, DC's three major airports. "We see [the Amazon headquarters] as bringing more customers closer to us," he said. While the Dulles and Ronald Reagan airports already rank among the top 25 busiest airports in the US, their air traffic pales in comparison to that of Atlanta, LA, or Chicago.
In Case's mind, Amazon will most likely develop a symbiotic relationship with DC startups. "Businesses are already competing with Amazon for talent on a national, and even global, level," he said. "While they'll be recruiting in the same pools, I actually think they'll enhance the ability for some folks to take the leap into startup land."
In the future, Case anticipates, new companies will form with the express purpose of supporting the Amazon ecosystem. For now, he thinks Washington, DC has both the commercial and residential capacity to support new workers.
Like Jaggi, Case also sees Amazon as way to augment Washington, DC's burgeoning reputation as a global tech hub. This will have positive repercussions for Upside, he said, since more people will be inclined to work there if there are backup options available. But Verghese worries it'll be tough to compete with DC's political renown. "People will always assume that, if you're in DC, you must be engaged in some type of political work," he said.
Amazon could increase pressure on local transit
One concern acknowledged by each of these entrepreneurs is the pressure on local transit.
Even without the presence of Amazon, the Washington, DC subway system, or Metro, is notoriously lousy. From 2011 to 2016, its ridership fell by 19%, while cities like Boston, Chicago, New York, and San Francisco saw an increase in riders. Metro customers have become accustomed to long delays, fare hikes, system failures, and even the occasional death.
The Washington Metropolitan Area Transit Authority estimates that upgrading and repairing the Metro system will require an annual sum of around $500 million.
The district may need even more funding now that Amazon is coming — though most local startups don't see the company as a drain on a broken system. The challenge of infrastructure repair exists whether Amazon comes or not, said Verghese. In fact, he predicts that HQ2 may shine a spotlight on infrastructure problems and motivate the WMTA to make necessary improvements. Already, lawmakers have cited the possible arrival of Amazon as a reason to secure more funding for Metro upgrades.
Local startups may even be inspired to help out. "As an entrepreneur, you always see it as an opportunity for new companies to solve that problem," said Jaggi of the possibility of rising congestion and housing prices.
Not all startups are optimistic
Not all startups are unflinchingly optimistic about HQ2. According to Verghese, a number of the companies he's talked to are concerned about getting the same support from their local government that's already been given to Amazon. As part of the bidding process, Montgomery County, Maryland proposed $8.5 billion in tax breaks and infrastructure incentives for the tech company — the biggest publicly known incentives package of any HQ2 city. In its announcement of the winners, Amazon said Virginia had offered $819 million in incentives.
While many startups fear they won't receive the same preferential treatment, others feel it's a small price to pay to gain access to new pools of talent.
"It's like putting a large tree into a garden that's still trying to flower," said Verghese. "It sucks in a bunch of nutrients ... [but] good things can happen when that tree gets planted. Acorns fall and things take root. Different types of ecosystems will grow and build around it."
Hilary Duff consumed parts of her placenta after giving birth to her second child, Banks, in October, People reported on Thursday.
In an episode of the "Informed Pregnancy" podcast, released on November 8 but recorded 10 days after she gave birth, Duff said she ate the placenta— the organ that develops in the uterus to deliver oxygen and nutrients to a fetus — inside smoothies.
"It was the most delightful smoothie I've ever had," Duff said on the podcast, discussing the first placenta beverage she drank. "I haven't had a smoothie that delightful since I was like 10 years old. It was calorie-filled with juice and fruit and everything delicious."
Duff explained that she had the placenta made into frozen cubes that she kept in her freezer to add into smoothies. By the time of the podcast recording, she said she'd had three of the drinks.
Duff added that she was "a little wigged out " by the prospect of eating her placenta at first.
"Then I did research and none of it's, like, totally proven but I don't know — I've already gone down this road of doing all this different stuff," Duff said. "I'm like, I might as well."
Duff isn't the only famous mother who's done this, People reported. Other celebrities including Kim Kardashian and Chrissy Teigen have also consumed their placentas.
Proponents of the practice argue that placenta consumption can reduce postpartum bleeding, improve mood and milk supply, and prevent postpartum depression, according to a paper published earlier this year in the American Journal of Obstetrics and Gynecology (AJOG). Others argue that humans should eat the placenta because many other mammals do.
But many experts say the practice is not recommended.
Experts say eating the placenta "no documented benefit"
There's growing interest in placenta consumption (also called placentophagy) among women in the US, though no "contemporary human culture" includes the practice in its traditions, according to the AJOG paper.
The placenta is often dehydrated and processed into capsules that women can take as a normal pill. But that's' not the only possible preparation.
"Some women eat slices of the placenta raw directly after birth, while others deep-freeze them for later consumption," the authors wrote. "Placental material might also be mixed with fruits or juices to create smoothies that mask the unpleasant taste or might be used as a meat substitute for recipes such as lasagna or pasta."
Despite increased interest and a plethora of consumption methods, however, there is still no scientific evidence that eating the placenta has any clinical benefits for new mothers, the paper added.
The only available randomized, double-blind, placebo-controlled trial on the subject studied whether placenta pills could help postpartum women get enough iron, the authors wrote. But the results showed there was no meaningful difference in iron status between the women taking the placenta pills and the women taking the placebo.
And, as gynecologist Dr. Jen Gunter wrote in the New York Times in September, the fact that many mammals eat their placentas doesn't mean the practice is good for humans.
"Most mammals have entirely different reproductive physiology [than humans]," she wrote. "Not to mention entirely different behaviors."
"These days, my cat eats grass ... I suspect she does this when she has an upset stomach," Gunter added. "Imagine if your gastroenterologist suggested eating grass for an upset stomach because cats do it?"
There may be risks linked with eating the placenta
The AJOG paper also noted that there may be harmful effects associated with eating the placenta. First, toxic substances may accumulate in the placenta. One study found low levels of the heavy metal cadmium in the organ, for example. The placenta also contains hormones, and though there's no evidence that mother can absorb these hormones if they eat their placenta, it's possible they may have negative effects on the body. And if the placenta isn't heated to high enough temperatures before consumption, viruses like HIV, hepatitis, and Zika and potentially dangerous bacteria may not be eradicated.
In fact, in 2017, the Centers for Disease Control and Prevention reported a case of a baby who got a dangerous blood infection after the mother ingested placenta pills contaminated B streptococcus bacteria.
The AJOG paper gave clear advice to doctors: "Because placentophagy is potentially harmful with no documented benefit, counseling women should be directive: physicians should discourage this practice."
In her post for the New York Times, Gunter acknowledged that the postpartum period is difficult, and that we do need more research on ways to help new mothers as they recover from childbirth.
"However, a novel therapy based on anecdotes ... is no answer," she wrote. "We know so little about eating placenta that we don’t even know what we don’t know."
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The chips are down, and now it's time for money to exchange hands.
Amazon has chosen Long Island City in Queens, New York and National Landing in Arlington, Virginia as its two cites for HQ2. Both will get roughly half of the promised HQ2 investment — $2.5 billion and 25,000 jobs — dumped on the cities throughout the next 10 years.
Arlington, Virginia and New York City have both offered Amazon millions in incentives in exchange for the privilege of choosing sites in two districts.
That's about where the similarities stop, though. The two packages offered by the cities and states are wildly different.
First off is the total package size. All told Virginia offered a sizable $573 million in performance-based direct incentives. But New York opened its purse strings wide and has offered to the tune of $1.525 billion.
Both are based on the company's promise to hire for 25,000 jobs, and will be paid over the next 10-15 years.
New York State’s Excelsior Program is responsible for $1.2 billion of the New York incentive number. It was calculated based on the salaries Amazon expects to pay employees over the next 10 years. Taking into account an average wage Amazon estimates will exceed $150,000, that equals about $48,000 of state subsidy per employee.
The $1.2 billion will be paid over the next 10 years, as hiring for the new office ramps up. New York is also giving a $325 million cash grant based on the 4 million to 8 million square feet of office space it intends to occupy, courtesy of Empire State Development.
Amazon has also said it will apply for other incentives including New York City’s Industrial & Commercial Abatement Program (ICAP) and New York City’s Relocation and Employment Assistance Program (REAP).
The smaller package offered by Virginia includes a similar incentive. Virginia will offer Amazon $22,000 for each job the company hires for in the office over the next 12 years. Using for calculation of the predicted 25,000 jobs, that will equal $550 million.
In addition to that, Amazon will also get a cash grant from Arlington for $23 million if the company is able to grow the city's tax on local hotel rooms over the next 15 years.
Starting back in February, many Americans saw a bump in their take-home pay thanks to President Donald Trump's new tax law.
The IRS released new guidelines in January, known as tax-withholding tables, that tell employers how much to take out of employees' paychecks for income taxes based on criteria such as single or joint filing status, Business Insider's Bob Bryan reported. That amount is paid to the IRS in the employee's name.
At the end of the year, when an employee files their taxes, they either get a refund (if too much was withheld) or pay more (if too little was withheld).
The new withholding changes hit Americans' paychecks around February 1, resulting in roughly 90% of workers getting higher take-home pay, according to the IRS.
In light of the recent change to the tax law, we used SmartAsset's paycheck calculator to find out what $75,000 looks like after taxes in 11 US cities. The chart below shows annual take-home pay in each city for 2018.
Some states — like Washington, Florida, and Texas — don't have state income taxes, so someone who earns $75,000 there will bring home a bigger paycheck than someone who lives in California or New York.
These take-home pay estimates account only for state and local income taxes, which vary by place, plus federal income taxes and Social Security and Medicare (known as FICA).
For a $75,000 earner in 2018, federal and FICA taxes amount to $685 per pay period no matter where in the US you live. Before the new tax law, federal income and FICA taxes took $778 from every paycheck.
If you're contributing to a tax-advantaged retirement account, like a 401(k), the paycheck you bring home will be less than these figures.
But in that case, your savings are covered — or at least part of the recommended 20% of your paycheck you should earmark for savings and paying off debt — and the rest of your paycheck can go toward necessities like housing, food, transportation, and discretionary spending.
The same goes for health insurance, if you're enrolled in a healthcare program through your employer, which will deduct monthly insurance payments from your paycheck on a pretax basis.
New York City residents fared the worst in our city comparison. Employees in the city take home just over $52,000 on a $75,000 salary, largely thanks to steep state and city income taxes. That doesn't leave much to cover housing or transportation costs in the most expensive city in the country— but it is slightly more take-home pay than they received before the GOP tax law.
Below, check out the twice-monthly-paycheck breakdown for workers earning $75,000 in 11 US cities.
Take-home pay before the tax law: $2,347
Take-home pay before the tax law: $2,347
Take-home pay before the tax law: $2,347
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HBUS, the US-based strategic partner of crypto exchange Huobi, has poached a venture capitalist from Draper Athena as the firm ups its investment and acquisition activities to win a share of the US market from companies like Coinbase and Robinhood.
Jay Ryu is joining HBUS as vice president of corporate development, overseeing strategic partnerships, investments, and mergers and acquisitions, the company announced Tuesday.
The new appointment comes at a time when investments and M&A are surging in the crypto field. According to data from JPM Securities and PitchBook, the number of crypto M&A deals has soared by more than 200% to 115 this year.
“The community is rapidly maturing and with that, many more institutional investors have entered the market," Ryu said in a statement. "HBUS stands at the forefront of this next wave of blockchain innovation, and I am excited to lead our efforts as we become the top US digital currency exchange with a diverse array of products and solutions for these investors.”
Ryu was previously the venture capital director at Draper Athena, a VC firm that is part of the Draper Venture Network and focused on investments in information technology startups. Prior to joining HBUS, Ryu served seven years at Draper Athena and spearheaded investments across Silicon Valley, Asia, and the Middle East.
Launched in June, San Francisco-based HBUS has grown into a 40-person team and most recently gone on a senior hiring spree as it competes against crypto incumbents.
US cryptocurrency exchange Coinbase had an early start in the game. It poached a top dealmaker from LinkedIn in March and has ramped up buying activity since then, including acquiring Cipher Browser, an ethereum wallet, Earn.com, a crypto social network, and Distributed Systems, a digital identity startup.
Notable crypto M&A includes Binance's acquisition of Trust Wallet and Stellar's buyout of Chain through its for-profit arm Lightyear. In February, Goldman Sachs-backed payment company Circle acquired a US-based crypto exchange called Poloniex.
Huobi, the world's third-largest crypto exchange by trade volume, is rapidly expanding its global presence through strategic investments. It has acquired a controlling interest in Hong Kong-based company Pantronics Holdings Ltd. and bought a majority stake in Japanese-licensed crypto exchange BitTrade.
Warning: Spoilers ahead for "A Star Is Born."
"A Star Is Born" almost had a different ending.
"The first ending that I read, [Jackson] actually swims out into the ocean, where he commits suicide," he said.
The script was changed before the movie was shot, but that finale didn't stay either.
"The script that we had when he started shooting, he rides his motorcycle," Emmerich said. "It was more like the Kris Kristofferson ending [in the 1976 version of 'A Star Is Born'] with the Ferrari, but with Jackson with the Harley."
But Cooper, who directed the movie and plays Jackson Maine, changed the ending once again.
"Bradley changed his mind and came to see me and pitched the idea of what he ended up shooting," Emmerich said, "I think he was right. When I watch the movie now, I can't imagine it ending any other way."
"A Star Is Born," which was released in August, ends with Maine committing suicide by hanging. The final scene in the movie is Ally, played by Gaga, singing an emotional tribute to her late husband.
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The British model has now revealed that her chic outfit was approved by the princess herself. According to the Daily Mail, Delevingne told Grazia magazine that she got permission to wear the suit before Eugenie's big day.
"Eugenie has been a friend of mine since I was a kid and I've always wanted to wear tails," the model said. "I texted her, as I wasn't sure about it, and she was like: 'Of course, I expected nothing else from you!'"
Last month, some wondered whether Delevingne broke the dress code Princess Eugenie and her husband, Jack Brooksbank, had reportedly issued to guests before their wedding.
According to the Daily Mail, Delevingne also told Grazia magazine that she "found it interesting how many people came up to [her]" during Eugenie's wedding and said, "'You're so brave to wear that!'"
"I was like, 'Really?' I feel way more comfortable like this," the model continued.
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